// definition
Level 2
Observable-input fair value
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Short definition
The IFRS fair-value category using observable inputs other than a direct quoted price for the identical asset, such as rates, spreads, curves or prices of comparable instruments.
risk atlas
Knowledge map
Intuition
Level 2 is model-assisted, but its important inputs remain observable in markets.
Related analyses
- The balance sheet Apollo does not consolidateAthora fair-value hierarchy and Level 3 exposure.
Primary sources
- IFRS FoundationIFRS 13 fair-value hierarchy.