Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001654954-25-008460
Chunk: 62

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 62
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| Total financial liabilities carried at fair value           |   2,408 |     |  98,205 |     |     305 |     | 100,918 |
| At 31 December 2024                                         |         |     |         |     |         |     |         |
| Financial liabilities at fair value through profit or       
 loss:                                                       |         |     |         |     |         |     |         |
| Debt                                                        
 securities in issue                                         |       - |     |   4,608 |     |      22 |     |   4,630 |
| Liabilities                                                 
 in respect of securities sold under repurchase              
 agreements                                                  |       - |     |  20,564 |     |       - |     |  20,564 |
| Short                                                       
 positions in securities                                     |   2,400 |     |      17 |     |       - |     |   2,417 |
| Total financial liabilities at fair value through profit or 
 loss                                                        |   2,400 |     |  25,189 |     |      22 |     |  27,611 |
| Derivative financial instruments                            |      79 |     |  21,175 |     |     422 |     |  21,676 |
| Liabilities arising from non-participating investment       
 contracts                                                   |       - |     |  51,228 |     |       - |     |  51,228 |
| Total financial liabilities carried at fair value           |   2,479 |     |  97,592 |     |     444 |     | 100,515 |

#### Valuation control framework
Key elements of the valuation control framework include model validation (incorporating pre-trade and post-trade testing), product implementation review and independent price verification. The framework covers processes for all 3 levels in the fair value hierarchy. Formal committees meet quarterly to discuss and approve valuations in more judgemental areas.

#### Transfers into and out of level 3 portfolios
Transfers out of level 3 portfolios arise when inputs that could have a significant impact on the instrument's valuation become market observable; conversely, transfers into the portfolios arise when sources of data cease to be observable.

#### Valuation methodology
For level 2 and level 3 portfolios, there is no significant change to the valuation methodology (techniques and inputs) disclosed in the Group's financial statements for the year ended 31