Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 99

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 99
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 consensus prices are not available, these are classified as Level 3 instruments.
Equity products          ​   Derivatives              ​   Exchange traded equity options, OTC equity options and equity warrants                                                ​   Due to low liquidity, exchange traded equity options are Level 2.Valued using industry standard models based on observable parameters such as stock prices, dividends, volatilities and interest rates.                                                                                                                                                                                                                                                                                        
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FINANCIAL   EXHIBITS INDEX   STRATEGIC   PERFORMANCE   EXHIBIT 15.4   ADDITIONAL 
REPORT                       REVIEW      REVIEW                       INFORMATION
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Note 22.Fair values of financial assets and financial liabilities (Continued)

            Instrument                                                           Balance sheet category                                                                                                                              Includes                                                                                                                                                                                                             Valuation                                                                                                                         
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Asset backed debt instruments       ​   Trading securities and financial assets measured at FVISInvestment securities                              ​   Australian residential mortgage backed securities (RMBS) and other asset backed securities (ABS)                                                                      ​   Valued using an industry approach to value floating rate debt with prepayment features. Australian RMBS are valued using prices sourced from a consensus data provider. If consensus prices are not available, these are classified as Level 3 instruments.
Non-asset backed debt instruments   ​   Trading securities and financial assets measured at FVISInvestment securitiesOther financial liabilities   ​   State and other government bonds, corporate bonds and commercial paperRepurchase agreements and reverse repurchase agreements over non-asset backed debt securities   ​   Valued using observable market prices, which are sourced from independent pricing services, broker quotes or inter-dealer prices. If prices are not available from these sources, these are classified as Level 3 instruments.                             
Loans at fair value                 ​   Loans                                                                                                      ​   Fixed rate bills and syndicated loans                                                                                                                                 ​   Discounted cash flow approach, using a discount rate which reflects the terms of the instrument and the timing of cash flows, adjusted for creditworthiness, or expected sale amount.                                                                      
Certificates of deposit             ​   Deposits and other borrowings                                                                              ​   Certificates of deposit                                                                                                                                               ​   Discounted cash flow using market rates offered for deposits of similar remaining maturities.                                                                                                                                                              
Debt issues at fair value           ​   Debt issues                                                                                                ​   Debt issues                                                                                                                                                           ​   Discounted cash flows, using a discount rate which reflects the terms of the instrument and the timing of cash flows adjusted for market observable changes in Westpac’s implied credit worthiness