FT Insight

Thursday, 16 June 2011 00:00 - - {{hitsCtrl.values.hits}}

The fundamental mission of the registry office is to receive, maintain and disseminate information to enable creditors to make informed business decisions about lending secured by moveable property. The services provided through the STR system include initial registration of notices, continuation and amendment of notices and providing records to stakeholders.

Registration of secured transactions is of interest to financial institutions and leasing companies, which are likely to be the primary clients of the STR. The purpose of the STR is to maintain a database accessible by any party interested in verifying security interests in moveable goods.