This point really needs clarification. Checking the Microsoft Product Terms, Extended User Rights only appear under EA/EAS/SCE, EES, MPSA, OL, OV/OVS and OVS-ES. It seems that only ‘volume licensing’ programmes may include the server licenses under ‘Extended Use Rights’ - according to the Microsoft licensing comparison chart linked below, the term ‘volume licensing’ may not apply to CSP/MCA or MOSA.
I also found that the new Exchange Server SE EULA implies you have to acquire SE under *volume licensing*, and the same licensing comparison document linked below states that ‘On-premises software… [is] not available through the MCA/MOSA’.
https://download.microsoft.com/download/2/3/8/238BB807-2E82-4C99-90EB-C949E5B3789B/Transactional_Licensing_Comparison_Chart.PDF