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This UCC Financing Statement details a collateral pledge agreement dated April 20, 2017, involving Ian Fleming and NHS Special Opportunity Fund, securing U.S. Treasury assets.
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A UCC financing statement is a legal form that a secured party files to give notice that it has an interest in the personal property of a debtor. It is used to establish priority over claims to the collateral in case of bankruptcy or default.
Typically, lenders or secured parties who wish to secure their interest in a debtor's collateral are required to file a UCC financing statement.
To fill out a UCC financing statement, one must provide information such as the name and address of the debtor, the name and address of the secured party, and a description of the collateral involved.
The purpose of a UCC financing statement is to provide public notice of a secured party's interest in the collateral, which helps establish rights and priorities among creditors.
A UCC financing statement must report the debtor's name and address, the secured party's name and address, and a description of the collateral that secures the obligation.
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