• Level 2—inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) orindirectly (i.e. derived from prices);
• Level 3—inputs for the asset or liability that are not based on observable market data (i.e. unobservable inputs).
The following table presents the financial instruments carried at fair value. The different levels have been defined as follows:
• Level 1—quoted prices (unadjusted) in active markets for identical assets or liabilities;