19:31 Mar 25, 2011 

Well, for accounting purposes, these are securities with embedded derivatives. But the "embedded rights" terminology seems to be used mainly in the context of parent vs. noncontrolling interests and so-called "mezzanine" equity, and the rights can be put rights or call rights; only that latter could be relevant here. Also, these *are* equity-linked financial instruments. "Equity-linked" is not restricted to insurance or to indexed instruments -- it's just far too general here. The whole point is that these things are potentially dilutive: they can result in new shares.

09:37 Mar 25, 2011 

Is "securities with embedded equity rights" a possible rendering?
Incidentally, "equity-linked" is way off the mark, since it refers to investment schemes linked to the performance of an equity index. Examples are "equity-linked life assurance" (or "life insurance" outside the insurance profession).

16:43 Aug 19, 2009 

No, the shares are already equity, so the phrase qualifies only the valeurs that could become equity claims.

20:56 Aug 18, 2009 

I have made the correction for you, in order to make the question more meaningful to potential answerers.

20:45 Aug 18, 2009 

Sorry, error, "valeurs mobilières donnant accès au capital"