EX-25.1 5 a05-22138_1ex25d1.htm STATEMENT OF ELIGIBILITY OF TRUSTEE

Exhibit 25.1

 

 

FORM T-1

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)           o

 

 

BNY MIDWEST TRUST COMPANY

(formerly known as CTC Illinois Trust Company)
(Exact name of trustee as specified in its charter)

 

Illinois

 

36-3800435

(State of incorporation

 

(I.R.S. employer

if not a U.S. national bank)

 

identification no.)

 

 

 

2 North LaSalle Street

 

 

Suite 1020

 

 

Chicago, Illinois

 

60602

(Address of principal executive offices)

 

(Zip code)

 

 

HSBC Finance Corporation

(Exact name of obligor as specified in its charter)

 

Delaware

 

86-1052062

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

2700 Sanders Road

 

 

Prospect Heights, Illinois

 

60070

(Address of principal executive offices)

 

(Zip code)

 

 

Senior Debt Securities
(Title of the indenture securities)

 

 


 

1.             General information.  Furnish the following information as to the Trustee:

 

(a)           Name and address of each examining or supervising authority to which it is subject.

 

Name

 

Address

 

 

 

Office of Banks & Trust Companies of the State of Illinois

 

500 E. Monroe Street
Springfield, Illinois 62701-1532

 

 

 

Federal Reserve Bank of Chicago

 

230 S. LaSalle Street
Chicago, Illinois 60603

 

(b)           Whether it is authorized to exercise corporate trust powers.

 

Yes.

 

2.             Affiliations with Obligor.

 

If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None.

 

16.          List of Exhibits.

 

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

1.             A copy of Articles of Incorporation of BNY Midwest Trust Company (formerly CTC Illinois Trust Company, formerly Continental Trust Company) as now in effect. (Exhibit 1 to Form T-1 filed with the Registration Statement No. 333-47688.)

 

2,3.          A copy of the Certificate of Authority of the Trustee as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 2 to Form T-1 filed with the Registration Statement No. 333-47688.)

 

4.             A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with the Registration Statement No. 333-47688.)

 

6.             The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with the Registration Statement No. 333-47688.)

 

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7.             A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

 

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SIGNATURE

 

 

Pursuant to the requirements of the Act, the Trustee, BNY Midwest Trust Company, a corporation organized and existing under the laws of the State of Illinois, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of Chicago, and State of Illinois, on the
21st day of December, 2005.

 

 

 

BNY Midwest Trust Company

 

 

 

 

 

 

 

By:

/S/ D.G. DONOVAN

 

 

  Name:

D.G. DONOVAN

 

 

  Title:

VICE PRESIDENT

 

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DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
Division of Banks and Real Estate

 

CONSOLIDATED REPORT OF CONDITION
OF

 

BNY Midwest Trust Company
2 North LaSalle Street
Suite 1020
Chicago, Illinois  60602

 

Including the institution’s domestic and foreign subsidiaries completed as of the close of business on September 30, 2005, submitted in response to the call of the Illinois Department of Financial and Professional Regulation.

 

 

 

Thousands of Dollars

 

 

 

(000)

 

ASSETS

 

 

 

 

 

 

 

1.

Cash and Due from Depository Institution

 

58,351

 

 

 

 

 

 

2.

U.S. Treasury Securities

 

- 0 -

 

 

 

 

 

 

3.

Obligations of States and Political Subdivisions

 

- 0 -

 

 

 

 

 

 

4.

Other Bonds, Notes and Debentures

 

- 0 -

 

 

 

 

 

 

5.

Corporate Stock

 

- 0 -

 

 

 

 

 

 

6.

Trust Company Premises, Furniture, Fixtures and Other Assets Representing Trust Company Premises

 

554

 

 

 

 

 

 

7.

Accounts Receivable

 

2,853

 

 

 

 

 

 

8.

Goodwill

 

86,816

 

 

 

 

 

 

9.

Intangibles

 

-0-

 

 

 

 

 

 

10.

Other Assets

 

1,287

 

 

 

 

 

 

 

(Itemize amounts greater than 15% of Line 10)

 

 

 

 

 

 

 

 

 

Income Taxes Receivable                                          1,177

 

 

 

 

 

 

 

 

11.

TOTAL ASSETS

 

149,861

 

 

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Thousands of Dollars

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

 

 

12.

Accounts Payable

 

37

 

 

 

 

 

 

13.

Taxes Payable

 

0

 

 

 

 

 

 

14.

Other Liabilities for Borrowed Money

 

25,425

 

 

 

 

 

 

15.

Other Liabilities

 

 

 

 

 

 

 

 

 

(Itemize amounts greater than 15% of Line 14)

 

16,533

 

 

 

 

 

 

 

Reserve for Taxes                                                       15,859

 

 

 

 

 

 

 

 

16.

TOTAL LIABILITIES

 

41,995

 

 

 

 

 

 

EQUITY CAPITAL

 

 

 

 

 

 

 

 

17.

Preferred Stock

 

- 0 -

 

 

 

 

 

 

18.

Common Stock

 

2,000

 

 

 

 

 

 

19.

Surplus

 

67,130

 

 

 

 

 

 

20.

Reserve for Operating Expenses

 

- 0 -

 

 

 

 

 

 

21.

Retained Earnings (Loss)

 

38,736

 

 

 

 

 

 

22.

TOTAL EQUITY CAPITAL

 

107,866

 

 

 

 

 

 

23.

TOTAL LIABILITIES AND EQUITY CAPITAL

 

146,861

 

 

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I,      Robert L. DePaola, Vice President

(Name and Title of Officer Authorized to Sign Report)

 

of BNY Midwest Trust Company certify that the information contained in this statement is accurate to the best of my knowledge and belief.  I understand that submission of false information with the intention to deceive the Commissioner or his Administrative officers is a felony.

 

 

 

/s/ Robert L. DePaola

 

 

(Signature of Officer Authorized to Sign Report)

 

 

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