Encumbrance Citadel Reinsurance Company LTD Bermuda over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 16 Dec 2021 Ref. 202112168548848
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. - Overview of Note Issuance and Collateral Agreement: Secured Party and Debtor have entered into a Note Issuance Agreement wherein the Debtor issued five individual notes, each valued at USD $5 million, and represented by CUSIP# 65172Q AA5 / ISIN# US65172QAA58. The notes are specifically 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. In accordance with the agreement, the Debtor has pledged all rights to the principal corpus of the United States Treasury Bonds registered under CUSIP 912810QZ4 to the Secured Party as collateral. The details and conditions of this Collateral Pledge and Security Agreement are thoroughly documented in the agreement established between the Secured Party and the Debtor.
Analysis (Mark Smith's comments):
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