Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 100

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 100
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Level 3 instruments (Level 3)
Financial instruments valued where at least one input that could have a significant effect on the instrument’s valuation is not based on observable market data due to illiquidity or complexity of the product. These inputs are generally derived and extrapolated from other relevant market data and calibrated against current market trends and historical transactions.
These valuations are calculated using a high degree of management judgement.

    Instrument                                       Balance sheet category                                                                         Includes                                                                                                                                                                                                                    Valuation                                                                                                                                                                       
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Debt instruments     ​   Trading securities and financial assets measured at FVIS Investment securities   ​   Certain debt securities with low observability, usually issued via private placement   ​   These securities are evaluated by an independent pricing service or based on third party revaluations. Due to their illiquidity and/or complexity these are classified as Level 3 assets.                                                                                                                                                              
Equity instruments   ​   Investment securities                                                            ​   Strategic equity investments                                                           ​   Valued using valuation techniques appropriate to the instrument, including the use of recent arm’s length transactions where available, discounted cash flow approach or reference to the net assets of the entity.Due to their illiquidity, complexity and/or use of unobservable inputs into valuation models, they are classified as Level 3 assets.
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WESTPAC GROUP 2025 ANNUAL REPORT
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NOTES TO THE FINANCIAL STATEMENTS

Note 22.Fair values of financial assets and financial liabilities (Continued)
The following tables summarise the attribution of financial instruments measured at fair value to the fair value hierarchy.

                                   ​                                      ​      ​      ​      ​      ​      ​      ​      ​      ​      ​      ​      ​      ​      ​      ​      ​   
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​                                                                         ​   2025                                                ​   2024                                             
$m                                                                            Level 1       Level 2       Level 3         Total       Level 1       Level 2       Level 3         Total
Consolidated                                                                  ​         ​         ​   ​   ​         ​         ​   ​   ​         ​         ​   ​   ​         ​         ​
Financial assets measured at fair value on a recurring basis              ​   ​         ​         ​   ​   ​         ​         ​   ​   ​         ​         ​   ​   ​         ​         ​
Trading securities and financial assets measured at FVIS                      17,431