The document discusses best practices for loan fair value analytics at banks. It outlines objectives like financial reporting, ALM analysis, loan pricing, and M&A analysis. The approach uses ALM models to produce loan fair values at the loan level benchmarked to market values. Loans are mapped to external factors for Level 2 disclosure. Mapping examples provided for commercial loans include rating internal loans and considering internal and external factors. Issues around data availability, mapping processes, and third party spreads are addressed.