Page 7 - Chapter 23 - Interest
P. 7

s 24J – Only Applicable To Instruments:







                                                       Pays                                                                   Receives
                                                                                                                               interest
                        Issuer                      interest                                       Holder








                      Instrument =                                                     Income instrument =

                  Any interest-bearing                                           • Co: any instrument

                        arrangement                                              • Person other than company
                                                                                        • Instrument with term >

                                                                                           12 months; and
                 • Loan, advance of debt                                                • Issued at

                      (secured or not)                                                     discount/premium/
                          • Debenture                                                      deferred interest

                     • Deposit at bank






                         Leases excluded
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