What is a Financial Instrument?
Written by Alicia
Posted 23 May 2025
What is a financial instrument according to SARS?
A financial instrument is a contract that represents money or something of value. For one party, it’s an asset (something valuable), and for the other party, it’s a liability (something owed) or equity (ownership).
According to SARS, a financial instrument is defined to include:
“a share, a member’s interest in a company, a debenture, a unit in a unit trust
scheme, a participatory interest in a portfolio of collective investments scheme, a...
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