Template:Nutshell GMRA 2000 2(t)

2(t) Securities are “equivalent to” other Securities if they are:

(i) of the same issuer;

(ii) part of the same issue; and

(iii) identical in type, nominal value, description and amount; provided that

(A) Securities will still be equivalent if they are redenominated into euro or their nominal value changes as a result; and

(B) where Securities are altered by a corporate event or their holders become entitled to receive any other property as a result, “equivalent to” will means those Securities as altered and any equivalent property due to such holders as a result;