There is one, and only one all-sufficient basis for every provision of God’s mercy: the exchange that took place on the Cross.
Jesus was punished
that we might be forgiven.
Jesus was wounded
that we might be healed.
Jesus was made sin with our sinfulness
that we might be made righteous with His righteousness.
Jesus died our death
that we might receive His life.
Jesus endured our poverty
that we might share His abundance.
Jesus bore our shame
that we might share His glory.
Jesus endured our rejection
that we might have His acceptance with the Father.
Jesus was made a curse
that we might enter into the blessing.
This list is not complete. There are other aspects of the exchange that could be added. But all of them are different facets of the provision which God has made through the sacrifice of Jesus. The Bible sums them up in one grand, all-inclusive word: salvation. Christians often limit salvation to the experience of having one’s sins forgiven and being born again. Wonderful though this is, however, it is only the first part of the total salvation revealed in the New Testament.
From “The Divine Exchange” by Derek Prince (1995), p.19 – posted here partly in response to this.