Company B holds the following financial instruments. State and explain the IFRS 13 Levels 1 to 3 classification of each financial instrument.

(a) Convertible bond issued by a private company.

(b) A company that was recently listed in an emerging market stock exchange. The stock of the company is inactive in this stock exchange but is actively traded in the stock exchange of its home country.

(c) Asset-backed securities issued by a bank, with the bank’s credit card portfolios and retail loans as the underlying assets.

(d) Non-deliverable forwards (NDFs), which are forwards based on currencies with capital controls e.g. THB

(Thai Baht) and cannot be settled offshore. These NDFs are settled in USD.

(e) Foreign currency spot contracts in emerging market currencies that are actively traded, e.g. VND (Vietnamese Dong).

(f) USD/EUR Cross-currency swaps.

(g) Credit default swap with a AA-rated company as the reference entity.

(h) An equity-linked product with prices obtained from brokers/dealers.