Encumbrance Newpoint Reinsurance Company Limited Nevis St Kitts Nevis over the assets of NPFC SPV 1 Inc WY USA dated 16 Nov 2023 Ref. 202311168547343
Lender / Secured party/ies:
Newpoint Reinsurance Company Limited (Nevis, St Kitts & Nevis) and Band And Co., Nominee for U.S. Bank (WI, USA)Debtor / 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. - USD $5 million each represented by CUSIP# 65172Q AA5 / ISIN# US65172QAA58. Notes are identified as NPFC/UST/CN/2021/01-13, NPFC/UST/CN/2023/01-117, and NPFC/UST/CN/2023/01-118. The underlying Collateral securing these Collateral Notes is a pledge of the principal corpus of the United States Treasury Bonds registered under CUSIP 91281OQZ4. US Bank acts as the Trustee of a Trust Agreement between Newpoint Reinsurance Company Limited and Trisura Specialty Insurance Company as the Beneficiary (“Trisura/Beneficiary”). Subject to this Trust, Trisura is the sole Beneficiary of the perfected security interest in this Collateral.
Analysis (Mark Smith's comments):
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