Search Definitions

Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. …

Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. …

Unobservable inputs for the asset or liability. …

A valuation technique that uses prices and other relevant information generated by market transactions involving identical or comparable (ie similar) assets, liabilities or a group of assets and liabilities, such as a …

Inputs that are derived principally from or corroborated by observable market data by correlation or other means. …

Buyers and sellers in the principal (or most advantageous) market for the asset or liability that have all of the following characteristics: (a)             They are independent of each other, ie they are not related parties as defined in AASB 124 , …

The market that maximises the amount that would be received to sell the asset or minimises the amount that would be paid to transfer the liability, after taking into account transaction costs and transport …

The risk that an entity will not fulfil an obligation. Non-performance risk includes, but may not be limited to, the entity’s own credit …

Inputs that are developed using market data, such as publicly available information about actual events or transactions, and that reflect the assumptions that market participants would use when pricing the asset or …

A transaction that assumes exposure to the market for a period before the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities; it is not a forced transaction (eg a forced …