en & pany (COHN) - 2023 Q2 - Quarterly Report

C. Fair Value of Financial Instruments Receivables under resale agreements: Receivables under resale agreements are carried at their contracted resale price, have shortterm maturities, and are repriced frequently or bear market interest rates and, accordingly, these contracts are at amounts that approximate fair value. The estimated fair value measurements of receivables under resale agreements are based on observations of actual market activity and are generally classified within level 2 of the valuation h ...