Assets ceased/released
Multiple filings relating to the property or undertaking
Persons entitled
- The Prudential Assurance Company Limited
Amount secured
All sums due in terms of the reinsurance treaty
Short particulars
Floating charge over entire right, title and interest of the long term insurance assets of the company.
Contains floating charge.
Contains negative pledge.
Restricting provisions
Companies are expressly prohibited from creating subsequent fixed securities having priority over or ranking equally with the floating charge