This definition has not yet been approved by a moderator.

“A/B Exchange” means an exchange or sale of one security (the “A Security”) and the subsequent delivery of or reinvestment in another security (the “B Security”) which shall be issued by the or s of the A Security and shall have substantially identical terms to the A Security, except that one or more restrictions on the ability of the holder to sell or otherwise dispose of the A Security are intended to be inapplicable to the B Security and or equivalents in settlement of fractional or unauthorized denominations of A Securities to be tendered for exchange or B Securities received in exchange; provided, that each of the A Security and the B Security must be a and that such A/B Exchanges shall not be considered s. 

  • Flag
  • Source Document

    Related entities