Page 134 - ACCESS ANNUAL REPORT 2019
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NOTES (continued)
A a o nts are in tho sands o hana edis n ess otherwise stated Financia assets and iabi ities contin ed
Fair va e hierarch contin ed
here were no trans ers etween levels1 and 2 or recurrin air value measurements durin the year. here were no trans ers into and trans ers out o air value hierarchy levels as at the end o the reportin period.
evel 1 he air value o financials instruments traded in active mar ets such as tradin and availa le or sale securities is ased on uoted mar et prices at the end o the reportin period. he uoted mar et price used or financial assets held y the Ban is the current id price. hese instruments are included in level 1.
evel 2 he air value o financial instruments that are not traded in an active mar et is determined usin valuation techni ues which maximise the use o o serva le mar et data and rely as little as possi le in entity specific estimates. I all si nificant inputs re uired to air value an instrument are o serva le, the instrument is included in level 2. he inputs used include the Ban o Ghana pu lished rates and discounted cash ow techni ues.
evel 3 I one or more o the si nificant inputs is not ased on o serva le mar et data, the instrument is included in level 3.
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