<?xml version="1.0" encoding="UTF-8"?><informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><infoTable><nameOfIssuer>FIRST TR EXCHANGE-TRADED FD</nameOfIssuer><titleOfClass>SENIOR LN FD</titleOfClass><cusip>33738D309</cusip><value>6809600</value><shrsOrPrnAmt><sshPrnamt>152000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>152000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FIRST TR EXCHANGE-TRADED FD</nameOfIssuer><titleOfClass>SENIOR LN FD</titleOfClass><cusip>33738D309</cusip><value>4480000</value><shrsOrPrnAmt><sshPrnamt>100000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>100000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INVESCO EXCH TRADED FD TR II</nameOfIssuer><titleOfClass>SR LN ETF</titleOfClass><cusip>46138G508</cusip><value>19185400</value><shrsOrPrnAmt><sshPrnamt>940000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>940000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INVESCO EXCH TRADED FD TR II</nameOfIssuer><titleOfClass>SR LN ETF</titleOfClass><cusip>46138G508</cusip><value>1918540</value><shrsOrPrnAmt><sshPrnamt>94000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>94000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INVESCO EXCH TRADED FD TR II</nameOfIssuer><titleOfClass>SR LN ETF</titleOfClass><cusip>46138G508</cusip><value>13511420</value><shrsOrPrnAmt><sshPrnamt>662000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>662000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INVESCO EXCH TRADED FD TR II</nameOfIssuer><titleOfClass>SR LN ETF</titleOfClass><cusip>46138G508</cusip><value>974578</value><shrsOrPrnAmt><sshPrnamt>47750</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>47750</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ISHARES TR</nameOfIssuer><titleOfClass>IBOXX HI YD ETF</titleOfClass><cusip>464288513</cusip><value>4932720</value><shrsOrPrnAmt><sshPrnamt>62000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>62000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ISHARES TR</nameOfIssuer><titleOfClass>BROAD USD HIGH</titleOfClass><cusip>46435U853</cusip><value>11788800</value><shrsOrPrnAmt><sshPrnamt>320000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>320000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer><titleOfClass>STATE STREET SPD</titleOfClass><cusip>78464A292</cusip><value>21588000</value><shrsOrPrnAmt><sshPrnamt>700000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>700000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SSGA ACTIVE ETF TR</nameOfIssuer><titleOfClass>STATE STREET BLA</titleOfClass><cusip>78467V608</cusip><value>14329980</value><shrsOrPrnAmt><sshPrnamt>357000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>357000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SSGA ACTIVE ETF TR</nameOfIssuer><titleOfClass>STATE STREET BLA</titleOfClass><cusip>78467V608</cusip><value>20270700</value><shrsOrPrnAmt><sshPrnamt>505000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>505000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer><titleOfClass>STATE STREET SPD</titleOfClass><cusip>78468R606</cusip><value>9794400</value><shrsOrPrnAmt><sshPrnamt>420000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>420000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer><titleOfClass>STATE STREET SPD</titleOfClass><cusip>78468R606</cusip><value>15111360</value><shrsOrPrnAmt><sshPrnamt>648000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>648000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer><titleOfClass>STATE STREET SPD</titleOfClass><cusip>78468R606</cusip><value>4920520</value><shrsOrPrnAmt><sshPrnamt>211000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>211000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer><titleOfClass>STATE STREET SPD</titleOfClass><cusip>78468R622</cusip><value>10098460</value><shrsOrPrnAmt><sshPrnamt>105500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>105500</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer><titleOfClass>STATE STREET SPD</titleOfClass><cusip>78468R622</cusip><value>4948724</value><shrsOrPrnAmt><sshPrnamt>51700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>51700</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer><titleOfClass>STATE STREET SPD</titleOfClass><cusip>78468R622</cusip><value>4881720</value><shrsOrPrnAmt><sshPrnamt>51000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>51000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer><titleOfClass>STATE STREET SPD</titleOfClass><cusip>78468R622</cusip><value>4881720</value><shrsOrPrnAmt><sshPrnamt>51000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>51000</Shared><None>0</None></votingAuthority></infoTable></informationTable><!-- Other Managers: 1|40/86 Advisors, Inc.|028-17556||| --><!-- tableEntryCount=18 tableValueTotal=174426642 -->
