“financial instrument” includes –

(a)     a loan, advance, debt, bond, debenture, bill, share, promissory note, banker’s acceptance, negotiable certificate of deposit, deposit with a financial institution, a participatory interest in a portfolio of a collective investment scheme, or a similar instrument;

(b)     any repurchase or resale agreement, forward purchase arrangement, forward sale arrangement, futures contract, option contract or swap contract;

(c)     any other contractual right or obligation the value of which is determined directly or indirectly with reference to –

(i)      a debt security or equity;

(ii)     any commodity as quoted on an exchange; or

(iii)    a rate index or a specified index;

(d)     any interest-bearing arrangement;

[Paragraph (d) amended by section 1 of Act 23 of 2018 effective on 17 January 2019]

(e)     any financial arrangement based on or determined with reference to the time value of money or cash flow or the exchange or transfer of an asset; and

[Paragraph (e) amended by section 1 of Act 23 of 2018 effective on 17 January 2019]

(f)      any crypto asset;

[Definition of “financial instrument” inserted by section 6(1)(h) of Act 74 of 2002 effective on the date of promulgation of that Act, 13 December, 2002. Paragraph (f) added by section 1(1)(c) of Act 23 of 2018 and substituted by section 2(1)(c) of Act 23 of 2020]