Persons entitled
- Barclays Bank PLC
Amount secured
A letter of credit facility granted by barclays bank PLC to the names and the dollar trustees as members of the syndicate 33 (1998) dollar obligor group together with certain other parties in the aggregate amount of £100,000,000 or its equivalent from time to time in dollars
Short particulars
(A) by way of first fixed charge if and to the extent that such assets are or are liable in the future to become comprised in that part of the dollar trust fund of the name in relation to which the managing agent has power to give directions (I) all right title and interest of the name in and to such monies as are now payable or may hereafter at any time become payable to the name or to any person on behalf of the name in dollars under the specified syndicate reinsurance in consequence of any loss(es) and as (ii) (iii) on the form M395, (b) first floating charge, if and to the extent that such assets are or are liable in the future to become comprised in that part of the dollar trust fund of the name in relation to which the managing agent has power to give directions, see ch microfiche for full details.