Notional amount

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Revision as of 09:47, 15 January 2020 by imported>Doug Williamson (Expand final sentence.)
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The principal amount (for example in an interest rate swap, forward rate agreement, cap or floor) or each of the amounts (in a cross currency interest rate swap) to which interest rates are applied in order to calculate periodic payment obligations.


Also known as notional principal, notional value, or nominal amount, principal or value.


See also