<t>I have a question on IRDv01 and CS01 on VaRMy VaR is increased from say 1500K to 1700K Which is contributed by Credit Spread Var and Interest rate VaRIRDv01 Decreased from say -25K to -1 KCS01 Decreased from say +120K to 100KHow should I justify the VaR movements using the sensitivity movements?B...

Hi,Can anyone explain how a reduction in Long Equity Delta and increase in long equity vega results in a decrease in the VaR number?My assumption is that decrease in Delta will have a negative impact on P&L which should increase the VaR not decrease.Br,Manu