Comment of what is the mean of phrase below.

1. When measuring of the fair value of a liability, an entity shall take into the account the effect of its credit risk (credit standing) and any other factors that might influences the like hood that the obligation will or will not be fulfilled. that effects may differ depending on the liability.
2. An entity that holds a group of financial assets and financial liabilities is exposed to market risks.
3. Either market risk or credit risk, the entity is permitted to apply an exception to this IFS for measuring fair value. the exception permits on entity to measure the fair value of group of financial assets and financial liability on the basis of the price that would be received to sell a net long position.
4. Exposure to the credit risk of a particular counterparty.
5. Valuation Technique: An entity shall use valuation technique that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.
6. valuation technique used to measure fair value shall maximize the use of relevant observable inputs and minimize the use of unobservable inputs.
7. The t availability of relevant inputs and their relative subjectively might affect the selection of appropriate valuation technique.
8. Market approach: The market approach uses price and other relevant information generate by market transaction involving identical or comparable assets, liabilities or a group of assets and liability, such as business.
9. Valuation technique consider with the market approach include matrix pricing. Matrix pricing is a mathematical technique used principally to value some type of financial instrument such as debt securities, without relying exclusively on quoted prices for their specific securities but rather relying on the securities relationship to other benchmark quoted securities.
10. Cost approach: The cost approach reflects the amount that would be require currently to replace the services capacity of an assets ( often referred to as current replacement costs).