The underlying amount of money on which the swap payments are made is called

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The term used to describe the notional amount upon which swap payments are based is the notional principal. This term represents the hypothetical amount of the underlying asset being exchanged, while the actual payments are based on the agreed-upon interest rate. Settlement value refers to the current value of the asset, while market value describes the price at which the asset could be sold in the current market. Base value and equity value are not commonly used terms within the context of swaps.

The Underlying Amount of Money on Which the Swap Payments