Encumbrance Citadel Reinsurance Company LTD Bermuda over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 15 Dec 2021 Ref. 202112158546765
Lender / Secured party/ies:
Citadel Reinsurance Company LTD (Bermuda) and n/aDebtor / Grantor/s:
NEWPOINT FINANCIAL CORP. (DE, 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. - Note Issuance and Collateral Pledge Details: Secured Party and Debtor entered into a Note Issuance Agreement in which the Debtor has issued 5 individual Notes, each valued at USD $5 million, represented by CUSIP# 65172Q AA5 / ISIN# US65172QAA58. The notes are identified as NPFC/UST/CN/2021/01-16, NPFC/UST/CN/2021/01-17, NPFC/UST/CN/2021/01-18, NPFC/UST/CN/2021/01-19, and NPFC/UST/CN/2021/01-20. Pursuant to the Note Issuance Agreement and the notes issued, the Debtor has pledged to the Secured Party as collateral all of its rights to the principal corpus of the United States Treasury Bonds registered under CUSIP 912810QZ4. The terms of this Collateral Pledge and Security Agreement are detailed in the agreement between the Secured Party and the Debtor.
Analysis (Mark Smith's comments): UCC claims that Citadel has loaned the NMS tbonds to Newpoint? Likely intends to register an interest in the reverse direction?
Security document (read it): Click Here to View document