Notional amount: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Expand final sentence.) |
||
| Line 2: | Line 2: | ||
Also known as ''notional principal'' | Also known as ''notional principal'', ''notional value'', or ''nominal'' amount, principal or value. | ||
Revision as of 09:47, 15 January 2020
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.
