Encumbrance Band And Co. Nominee for U.S. Bank WI USA over the assets of NPFC SPV 1 Inc WY USA dated 14 Nov 2023 Ref. 202311148541311
Lender / Secured party/ies:
Band And Co., Nominee for U.S. Bank (WI, USA) and n/aDebtor / Grantor/s:
NPFC SPV 1 Inc (WY, USA) and n/aSecured amount (USD$):
refer to the collateral for this information.Collateral:
Refer to the source document for precise wording, scanned with OCR and AI tools. - One individual Collateral Note in the amount of USD $5 million, represented by CUSIP# 65172Q AA5 / ISIN# US65172QAA58. The Note issued by the Debtor is internally identified as NPFC/UST/CN/2023/01-109. The underlying Collateral securing the Collateral Note is a pledge of the principal corpus of the United States Treasury Bonds registered under CUSIP 912810QZ4. US Bank acts as the Trustee of a Trust Agreement between Newpoint Reinsurance Company Limited and Sutton National Insurance Company as the Beneficiary (“Sutton National/Beneficiary”). Subject to this Trust, Sutton National is the sole Beneficiary of the perfected security interest in this Collateral.
Analysis (Mark Smith's comments):
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