Translation glossary: ANGELIC WORDS EN>EN

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RINA LINGUISTIC SERVICES, Katarina Radojevic- Mitrovic

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Delta

hedge ratio

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Campbell R. Harvey's Hypertextual Finance Glossary

• Delta

Also called the hedge ratio, the ratio of the change in price of a call option to the change in price of the underlying stock. Applies to derivative products. Measure of the relationship between an option price and the underlying futures contract or stock price. For a call option, a delta of 0.50 means a half-point rise in premium for every dollar that the stock goes up. As options near expiration, in-the-money call option contracts approach a delta of 1.0, while in the money put options approach a delta of -1. See: hedge ratio, neutral hedge.

• Hedge ratio

The ratio of volatility of the portfolio to be hedged and the return of the volatility of the hedging instrument. For convertibles, percentage of a convertible bond representing the number of underlying common shares sold against the shares into which bonds are convertible. If a preferred is convertible into 2.0 common shares, a 75% hedge ratio would be short (long) 1500 common for every 1000 preferred long (short). For options, ratio between the change in an option's theoretical value and the change in price of the underlyingstock at a given point in time.

DISIT/RIM (abbreviation)

Document Identifier / Statement of Inventory Transaction / Records & Information Management

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ETDRS lane distance

ETDRS spaces between tracks/courses

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(ETDRS spaces between tracks/courses)

Early Treatment Diabetic Retinopathy Study (ETDRS)
ETDRS was a multicenter, randomized clinical trial designed to evaluate argon laser photocoagulation and aspirin treatment in the management of patients with nonproliferative or early proliferative diabetic retinopathy. A total of 3,711 patients were recruited to be followed for a minimum of 4 years to provide long-term information on the risks and benefits of the treatments under study.

The eligibility criteria for the ETDRS were designed to include a broad range of macular edema severity, from a few small hard exudates within a disc diameter of the fovea with normal visual acuity to extensive cystoid spaces with a visual acuity of 20/200. All study patients had one eye randomly assigned to immediate photocoagulation and the other eye to deferral of photocoagulation until high-risk proliferative retinopathy developed. During followup, additional photocoagulation was allowed for any degree of macular edema within the eligibility range, but additional photocoagulation was required only for edema involving or threatening the center of the macula. The term "clinically significant macular edema" was coined to designate this level of severity.

ETDRS was a multicenter, randomized clinical trial designed to evaluate argon
... The eligibility criteria for the ETDRS were designed to include a broad ...
http://www.clinicaltrials.gov/ct/show/NCT00000151 -; new link: http://www.clinicaltrials.gov/ct/show/NCT00000151?order=1
Early Treatment Diabetic Retinopathy Study (ETDRS ...
The International Council of Ophthalmology (ICO) works with ophthalmologic
societies, ophthalmologists and others to enhance ophthalmic education and the ...
http://www.icoph.org/ed/etdrs.html -
http://www.weitzlux.com/celebrexlawyersfdadodac82704_269.htm...

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