NPC

(redirected from Notional principal contract)
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AcronymDefinition
NPCNon-Player Character
NPCNASA (National Aeronautics and Space Administration) Publication Control
NPCNuclear Pore Complex
NPCNational People’s Congress (Chinese Legislature)
NPCNational Physique Committee
NPCNational Press Club
NPCNational Planning Commission (Nepal)
NPCNational Postgraduate Committee (UK)
NPCNetwork and Parallel Computing (International Conference)
NPCNeighborhood Parks Council
NPCNational Petroleum Council (An advisory committee to the U.S. Secretary of Energy)
NPCNational Panhellenic Conference
NPCNational Power Corporation (Philippines)
NPCNasopharyngeal Carcinoma
NPCNational Population Census (various nations)
NPCNational Polytechnic College (California)
NPCNavy Personnel Command
NPCNoise Pollution Control (Canada)
NPCNippon Precision Circuits (Japan)
NPCNational Power Company (various nations)
NPCNovartis Pharmaceuticals Corporation (East Hanover, NJ)
NPCNational Packaging Covenant (Australia)
NPCNew Philanthropy Capital (think tank; UK)
NPCNational Prescribing Centre (UK)
NPCNetwork Processor Conference
NPCNorton Parental Control
NPCNetware Core Protocol
NPCNorton Privacy Control
NPCNormalized Projection Coordinate
NPCNetwork Policy Committee
NPCNon Playable Character
NPCNorton Protection Center
NPCNew Pork City (gaming)
NPCNationalist People's Coalition (Philippines)
NPCNon-Playable Characters (role playing games)
NPCNational Poverty Center (University of Michigan)
NPCNational Police Certificate (Australia)
NPCNational Policy Conference (various organizations)
NPCNational Peace Council (Sri Lanka)
NPCNiemann-Pick Disease, Type C
NPCNational Productivity Council (India)
NPCNational Provincial Championship (New Zealand)
NPCNational Potato Council
NPCNunavut Planning Commission (Canada)
NPCNational Pensioners Convention (United Kingdom)
NPCNevada Power Company
NPCNative Plant Community (classifications)
NPCNational Pipe Company (Saudi Arabia)
NPCNoise Pollution Clearinghouse
NPCNutrition Panel Calculator (food standards; Australia and New Zealand)
NPCNational Pharmaceutical Council
NPCNational Productivity Corporation (Malaysia)
NPCNational Playwrights Conference (est. 1965)
NPCNeural Progenitor Cell
NPCNet Present Cost
NPCNative Plant Center (various locations)
NPCNonplayer Character (gaming)
NPCNorthern People's Congress
NPCNile Petroleum Company (Malaysia)
NPCNeutral-Point Clamped (converter)
NPCNational People's Coalition (Philippines)
NPCNational Pastors Convention
NPCNetwork Parameter Control
NPCNorth Presbyterian Church (La Crosse, WI)
NPCNatural Progesterone Cream
NPCNonproliferation Center
NPCNauru Phosphate Corporation
NPCNon-Playing Captain (bridge card game)
NPCNotional Principal Contract
NPCNational Pay Commission (Bangladesh)
NPCNear Point of Convergence
NPCNaval Police Coxswain (Australia)
NPCNational Payment Card
NPCNutra Pharma Corporation (Coral Springs, FL)
NPCNeighbourhood Police Centre (Singapore)
NPCNational Policy Committee (ANSI)
NPCNational Partnership Council
NPCNon-Permanent Change (US Navy)
NPCNecessary Path Condition (algorithm)
NPCNippon Paper Chemicals (Japan)
NPCNew Progressive Coalition
NPCNational Presidential Caucus
NPCNorth Pacific Cable
NPCNational Protection Center
NPCNigerian Press Council (est. 1992)
NPCNational PetCare Centers (various locations)
NPCNational Policy Council (AARP)
NPCNaval Photographic Center
NPCNon Profit Commons (Second Life video game)
NPCNippon Precision Casting (Japan)
NPCNintendo Puzzle Collection
NPCNormal Portland Cement
NPCNew Phillips Curve (data)
NPCNATO Programming Centre
NPCNATO Pipeline Committee
NPCNitrogen Purge Control (US NASA)
NPCNormal Plane Change Maneuver (US NASA)
NPCNegative Perspective Collage (fine art technique)
NPCNational Plasterer’s Council
NPCNon-Deterministic Polynomial-Time Complete
NPCNative POP3 (Post Office Protocol 3) Connector (software)
NPCNetwork Personal Computer
NPCNabtesco Power Control (Thailand)
NPCNon-Productive Cough
NPCNumber Portability Clearinghouse (telecommunications)
NPCNational Philatelic Centre (Canada Post Corporation)
NPCNormalized Projection Coordinate (computer science)
NPCNational Parks of Canada
NPCNo Patient Contact (medical)
NPCNurse Practitioner, Certified
NPCNational Prototype Center
NPCSouthwest Center for Natural Products Research and Commercialization
NPCNiue Power Corporation (Niue Island, New Zealand)
NPCNational Petroleum Company PLC (Amman, Jordan)
NPCNumerical Precision Control
NPCNorth Point College (India)
NPCNEXRAD Program Council
NPCNetwork Processing Circuit (AT&T)
NPCNASA Policy Charter
NPCNon-Playing Computer (gaming)
NPCNational Payment Center
NPCNorth Power Controller
NPCNavy Policy Council
NPCNonrecurring Production Costs
NPCNIMA Production Cell
NPCNational Point Code
NPCNovel Power Control Scheme
NPCNetwork Provider Code
NPCNavy Procurement Circular
NPCNeuropsychiatry Clerical Technician (US Navy)
NPCNearest Person of Color
NPCNational Peanut Council
NPCNetpro Computing
NPCNeuropsychiatry Clerical Procedure (US Navy)
NPCNational Paddling Committee (American Canoe Association)
NPCNorth Pole Central (comic)
NPCNeuro Physiological Conditioning
NPCNo Periodic Calibration
NPCNon-Cooperative Power Control
NPCNew Paradigm Commerce, Inc
NPCNancy Poker Club (France)
References in periodicals archive ?
A notional principal contract is one involving two parties who agree contractually to pay each other amounts at specified times, based on the underlying notional amount.
The term offsetting notional principal contract means, with respect to any property, an agreement that includes (1) a requirement to pay (or provide credit for) all or substantially all of the investment yield (including appreciation) on such property for a specified period and (2) a right to be reimbursed for (or receive credit for) all or substantially all of any decline in the value of such property.
(12) In fact, the only mention of these two provisions in the same sentence was in a 1993 statement in the preamble to the NPC regulations indicating that "[t]he IRS is considering whether notional principal contracts involving ...
[section] 1.863-7 regarding the allocation of income attributable to certain notional principal contracts under the broad regulatory authority afforded the IRS.
(3) Furthermore, it was the intent of Congress that offsetting notional principal contracts (see Q 1089) also be included in the definition of "appreciated financial position," and such a definition is supported by the language of IRC Section 1259(c)(1)(D).
They are recognized over the term of a notional principal contract in a manner reflecting the economic substance of the contract.
As mentioned previously, notional principal contract income accounts for almost 20 percent of U.S.-source income paid to foreign persons; however, it is not generally subject to withholding tax.
The increase was fueled primarily by growth in notional principal contract income, which rose by 59.7 percent in 2008.
Bullet swaps: Under existing law, as noted above, arguably at least one side of a contract must provide for a series of two or more payments before it can be treated as a notional principal contract. Thus, a bullet swap over an equity, which provides for one net payment at the end based on interest rates at various dates, dividends paid from time to time, and the net appreciation or depreciation of the reference equity, was not a notional principal contract under Sec.
Investment assets include (1) cash; (2) stock or securities; (3) interest in a partnership; (4) any debt instrument or other evidence of debt; (5) any option, forward or futures contract, notional principal contract or derivative; (6) foreign currency; or (7) any similar asset.
32 "The rules of [sections] 1.446-3 govern the timing of income and deductions with respect to a notional principal contract unless, because the notional principal contract is used as a hedge, the application of those rules would not result in the matching that is needed to satisfy the clear reflection standard of [sections] 1.446-4(b) of this section." Prop.
must be recognized over the term of a notional principal contract in a manner that reflects the economic substance of the contract." The proposed regulations establish broad guidelines with respect to how this general standard should be met.