Encumbrance City Commercial Insurance Company PCC Limited GUERNSEY over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 03 May 2022 Ref. U220189632229-8
Lender / Secured party/ies:
City & Commercial Insurance Company (PCC) Limited (GUERNSEY) 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 one individual note valued at USD $5 million, represented by CUSIP# 65172Q AA5 / ISIN# US65172QAA58. The note is identified as NPFC/UST/CN/2021/01-40. 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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