EN.   41. Fair value Fair value hierarchy: financial instruments at amortised cost References Annex V.Part Fair value IFRS -26 Fair value hierarchy IFRS , 93(b) Level 1 IFRS Level 2 IFRS Level 3 IFRS ASSETS Financial assets at amortised cost IFRS (f); IFRS Debt securities Annex V.Part Loans and advances Annex V.Part LIABILITIES Financial liabilities measured at amortised cost IFRS (g); IFRS Deposits ECB//33 Annex 2.Part ; Annex V.Part Debt securities issued Annex V.Part Other financial liabilities Annex V.Part -41EN  . Use of the Fair Value Option References Carrying amount Annex V.Part Accounting mismatch Managed on a fair value basis Hybrid contracts Managed for credit risk IFRS 9.B4. IFRS 9.B4. IFRS ; IFRS ; Annex V.Part IFRS ; IFRS (a)(e); Annex V.Part ASSETS Financial assets designated at fair value through profit or loss IFRS (a)(i); IFRS Debt securities Annex V.Part Loans and advances Annex V.Part ASSETS Financial liabilities designated at fair value through profit or loss IFRS (e)(i); IFRS Deposits ECB//33 Annex 2.Part ; Annex V.Part Debt securities issued Annex V.Part Other financial liabilities Annex V.Part -41EN.  L 97/ 41. Fair value Fair value hierarchy: financial instruments at amortised cost References National GAAP based on BAD Annex V.Part References National GAAP compatible IFRS Annex V.Part Fair value IFRS -26 Fair value hierarchy IFRS , 93(b) Level 1 IFRS Level 2 IFRS Level 3 IFRS ASSETS Financial assets at amortised cost Accounting Directive art 8(4)(b), (6); IAS IFRS (f); IFRS Debt securities Annex V.Part , 26 Annex V.Part Loans and advances Annex V.Part , 27 Annex V.Part Non-trading non-derivative financial assets measured at a cost-based method BAD art 35;Accounting Directive Article 6(1)(i) and Article 8(2); Annex V.Part1.18, 19 Equity instruments ECB//33 Annex 2.Part -5 Debt securities Annex V.Part Loans and advances Annex V.Part Other non-trading non-derivative financial assets BAD art 37; Accounting Directive Article 12(7); Annex V.Part Equity instruments ECB//33 Annex 2.Part -5 Debt securities Annex V.Part 1.31EN L 97/ . References National GAAP based on BAD Annex V.Part References National GAAP compatible IFRS Annex V.Part Fair value IFRS -26 Fair value hierarchy IFRS , 93(b) Level 1 IFRS Level 2 IFRS Level 3 IFRS Loans and advances Annex V.Part LIABILITIES Financial liabilities measured at amortised cost Accounting Directive art 8(3), (6); IAS IFRS (g); IFRS Deposits ECB//33 Annex 2.Part ; Annex V.Part ECB//33 Annex 2.Part ; Annex V.Part Debt securities issued Annex V.Part Annex V.Part Other financial liabilities Annex V.Part -34 Annex V.Part -41 Non-trading non-derivative financial liabilities measured at a cost-based method Accounting Directive art 8(3) Deposits ECB//33 Annex 2.Part ; Annex V.Part Debt securities issued Annex V.Part Other financial liabilities Annex V.Part -41EN.  L 97/ Use of the Fair Value Option References National GAAP based on BAD References National GAAP compatible IFRS Carrying amount Annex V.Part -28 Accounting mismatch Managed on a fair value basis Hybrid contracts Managed for credit risk IFRS 9.B4. IFRS 9.B4. IFRS ; IFRS ; Annex V.Part IFRS ; IFRS (a)(e); Annex V.Part ASSETS Financial assets designated at fair value through profit or loss Accounting Directive art 8(1)(a), (6) IFRS (a)(i); IFRS Debt securities Annex V.Part Annex V.Part Loans and advances Annex V.Part Annex V.Part LIABILITIES Financial liabilities designated at fair value through profit or loss Accounting Directive art 8(1)(a), (6); IAS IFRS (e)(i); IFRS Deposits ECB//33 Annex 2.Part ; Annex V.Part ECB//33 Annex 2.Part ; Annex V.Part Debt securities issued Annex V.Part Annex V.Part Other financial liabilities Annex V.Part -41 Annex V.Part -41  25. FAIR VALUE (41). Fair value hierarchy: financial instruments at amortised cost () 298. Information on the fair value of financial instruments measured at amortised cost, using the hierarchy in IFRS , 76, 81, and 86, shall be reported in this template. Where national GAAP under BAD also requires the allocation of assets measured at fair value between different levels of fair value, institutions under national GAAP shall also report this template.. Use of fair value option () 299. Information on the use of fair value option for financial assets and liabilities designated at fair value through profit or loss shall be reported in this template. 300. ‘Hybrid contracts’ shall, for liabilities, include the carrying amount of hybrid financial instruments clas sified, as a whole, in the accounting portfolio of financial liabilities designated at fair value through profit or loss It shall thus include non-separated hybrid instruments in their entirety. 301. ‘Managed for credit risk’ shall include the carrying amount of instruments that are designated at fair value through profit or loss at the occasion of their hedging against credit risk by credit derivatives measured at fair value through profit or loss in accordance with IFRS.