Definition: Notional (nominal) amount of a financial derivatives contract

External debt - IMF

The notional amount is that underlying a financial derivatives contract and is necessary for calculating payments or receipts, but which may or may not be exchanged.
Source:
International Monetary Fund (IMF), "External Debt Statistics: Guide for Compilers and Users; Appendix III. Glossary of External Debt Terms", Washington D.C., 2003
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