---
title: Notional
description: SmartModels utilities' Notional function provides basic annual bond amortization functionality for tax-exempt
---

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This Intuitive Analytics video describes the notional function in SmartModels Utilities.

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> > ### **SmartModels Utilities: Notional**
> > 
> > Dealing with swap cash flows is a more and more common activity for analysts dealing with complicated capital structures. Unfortunately going from annual bond amortizations to notional amounts on a cash flow periodic basis is a time consuming  hassle.
> > 
> >  SmartModels Utilities **Notional** function sets you up in seconds:  
> > 
> > 
> > 1. Go to SmartModels Utilities and select **Notional** from the dropdown
> > 2. Enter an amortization schedule by highlighting a 2 column range of date and amounts
> > 3. Select the output as either notional on or effective notional, time adjusted for inter-period amortization
> > 4. Select the output dates
> > 5. Click the **Adjust** button 

> >  *BENEFITS*

> > - **Speed** – Go from bond principal schedule at one frequency to swap cash flows in another with just a few clicks
> > - **Accuracy** – Avoid lookup or other easy mistakes with this thoroughly tested algorithms
> > - **Speed X2** - Input ranges are set and stored in the interface until the user changes it, saving additional time when data changes and recalculation is necessary

> > <https://www.intuitive-analytics.com/products/trial/>

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![util notional output](https://www.intuitive-analytics.com/hs-fs/file-15753045-png/images/util_notional.png)

![describe the image](https://www.intuitive-analytics.com/hs-fs/file-15752926-png/images/util_notional_input.png)

![describe the image](https://www.intuitive-analytics.com/hs-fs/file-15752978-png/images/util_notional_output.png)

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