The invasion of software into the shale industry, and every kind of oil and gas field, is no longer notional.
As a result, the company no longer discloses the notional amount of its derivative position, which was $1.1 billion in 2000.
No wonder the notional value of derivatives contracts has shot up to somewhere between $400 trillion and $500 trillion, many times the global capitalisation of listed companies.A decade ago big stock exchanges might have been happy to stick to their knitting, even as other types of trading boomed.
But it now turns out that some BBC committee or hierarch has decided that this nativity – notional or otherwise – can no longer be referred to by our state-funded broadcaster, in identifying whether a year is before or after the, ahem, cough, event in question.
The argument about fully autonomous cars increasing safety is presently notional, with no empirical data to support it.
And as both of the current dramas demonstrate, pricing tends to the notional, with no instrument quite like any other.
And whatever huge figure is arrived at will be notional, because no one can afford to pay it, which can invite feelings of helplessness.
CONSIDERING that virtually no one lives in its notional fiefdom on London's South Bank, Southwark Cathedral does a decent job of luring the devout, the historically minded and the merely curious through its ancient portals.
There is no legal basis for the notional individual quota allocations which are used to calculate group allocations, they are merely an administrative tool used by the Government Fisheries Departments in the exercise of the Government's discretionary right to issue licences in order to regulate sea fishing.
