Notional Value

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Notional Value

1. In an interest rate swap, see notional principal amount.

2. The total value of the spot price of the underlying asset in a derivative contract.
References in periodicals archive ?
Futures allow traders to control contracts with big "notional values" while only putting up a fraction of those values in buying power, or margin.
The stock market's rally meant CME Group's benchmark S&P 500 index futures contract "had grown quite large in terms of notional value and was beginning to soar out of reach for many prospective traders," CME researchers wrote in a 2012 report.
The "multiplier" used to determine notional value for the Micro E-mini S&P is, at $5, also one-tenth the size of the E-mini S&P 500.
One area not addressed by the convergence project is the disclosure of notional values. In practice, IFRS issuers provide less disclosure of notional values for credit derivatives, as compared to companies under GAAP.
GAAP's requirements for notional value disclosures apply primarily to credit derivatives, whereas IFRS, in practice, provides similar aggregated notional value disclosures for credit and noncredit derivatives.
Appended are: (1) Training Packages Grouped by Industry Skills Councils; and (2) Qualification Equivalents Notional Values. [For the main document, "Australian Vocational Education and Training Statistics: Students and Courses, 2009", see ED510696.]
The revised regulations' "one owner" rule requires affiliates to pay royalties to the "owners" of the intangibles--which must be identified--based on the intangibles' notional values. Systems must be modified to describe these payments and accommodate any withholding taxes that may be imposed by foreign jurisdictions.
It is important to note that these "credit equivalent amounts," which include both the current exposure to loss from default of a counterparty and an estimate of potential future increases in exposure, are a very small fraction of the notional values. Nonetheless, for a few of the largest U.S.