Encumbrance NEWPOINT FINANCIAL CORP. DE USA over the assets of General Professional Indemnity LTD Bermuda dated 16 Dec 2021 Ref. 202112168548797
Lender / Secured party/ies:
NEWPOINT FINANCIAL CORP. (DE, USA)Debtor / Grantor/s:
General Professional Indemnity LTD (Bermuda) and General Professional Indemnity Limited, for and on behalf of Cell NPSLA2018-02Secured 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 Agreement Overview: Secured Party and Debtor have entered into a Note Issuance Agreement where the Debtor issued three individual notes. Each note is valued at USD $5 million and is represented by CUSIP# 65172Q AA5 / ISIN# US65172QAA58. The notes are specifically identified as NPFC/UST/CN/2021/01-11, NPFC/UST/CN/2021/01-12, and NPFC/UST/CN/2021/01-13. Under this agreement, the Debtor has pledged all of its rights to the principal corpus of the United States Treasury Bonds registered under CUSIP 912810QZ4 to the Secured Party as collateral. The details and terms of this Collateral Pledge and Security Agreement are outlined in the document agreed upon between the Secured Party and the Debtor.
Analysis (Mark Smith's comments):
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