Encumbrance Spectrum Risk Management and Reinsurance DMCC UAE over the assets of NEWPOINT FINANCIAL CORP. DE USA dated 17 Dec 2021 Ref. U210111164626
Lender / Secured party/ies:
Spectrum Risk Management and Reinsurance DMCC (UAE)Debtor / Grantor/s:
NEWPOINT FINANCIAL CORP. (DE, USA)Secured amount (USD$):
refer to the collateral for this information.Collateral:
Secured Party and Debtor entered into a Note Issuance Agreement in which Debtor has issued 1 individual Note in the amount of USD $5 million each represented by CUSIP# 65172Q AA5 / ISIN # US65172QAA58. Notes are identified as NPFC/UST/CN/2021/01-39. Pursuant to the Note Issuance Agreement and Notes, Debtor has pledged to 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 reflected in the agreement between Secured Party and Debtor.
Analysis (Mark Smith's comments):
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