Template:Nutshell GMRA Equivalent

2(r) “Equivalent Margin Securities” means Securities equivalent to transferred Margin Securities;
2(s) “Equivalent Securities” means Securities equivalent to the Purchased Securities under a Transaction or, where they have been redeemed, a the cash value of their redemption proceeds;
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;