“instrument” means–

(a)     ……….

(b)     ……….

(c)     any interest-bearing arrangement or debt;

(d)     any acquisition or disposal of any right to receive interest or the obligation to pay any interest, as the case may be, in terms of any other interest–bearing arrangement; or

(e)     any repurchase agreement or resale agreement,

which was –

(i)      issued or deemed to have been issued after 15 March 1995;

(ii)     issued on or before 15 March 1995 and transferred on or after 19 July 1995; or

(iii)    in so far as it relates to the holder thereof, issued on or before 15 March 1995 and was unredeemed on 14 March 1996 (excluding any arrangement contemplated in subparagraphs (i) and (ii)),

but excluding any lease agreement (other than a sale and leaseback arrangement as contemplated in section 23G) or any policy issued by an insurer as defined in section 29A;

[Words following subparagraph (iii) substituted by section 41 of Act 43 of 2014 effective on 1 Janaury 1996]