Average Aggregate Notional Amount. Under the CFTC’s and Prudential Regulators’ uncleared swaps margin rules, AANA is the amount used to determine whether a financial end user has “material swaps exposure,” and also to determine the applicable compliance date under the rules. In both cases, it includes the amount of uncleared swaps, security-based swaps, foreign exchange forwards, and foreign exchange swaps for an entity and its affiliates.

Featured definitions