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SECREG© – Secured…

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SECREG© – Secured Transactions Register

A tool dedicated to receiving, storing and making accessible to the public information in notices of security rights.

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Well-Being of Companies Matters

Nowadays, economies cannot thrive without a healthy private sector. When local businesses flourish, they create jobs and generate income that can be spent and invested domestically.

 

Therefore, any caring government will nurture its constituency’s economic well-being and progress and will pay special attention to laws and regulations affecting local micro, small and medium-sized enterprises (MSMEs). Moreover, improving access to finance for MSMEs allows micro and small firms to grow and innovate.

SECREG© Key Principles

  • 01
    Fully Online

    The process is paperless. No need to appear in person.

  • 02
    Streamlined Process

    Apply -> pay -> verify -> register.

  • 03
    Configurable Workflow

    Internal users can easily configure the workflow and forms of the e-service.​

  • 04
    Only Authorised Users Have Access to The System

    External users (business owners, agents, representatives) are provided secure web-based access to submit data to the register.​

  • 05
    Standardised Data

    Uses Open Ownership data standards. Allows various data analyses, data interpretation and data sharing.​

  • 06
    Instant Access to Information for Third Parties

    Select what you want to know – collect data online (if it is public); data is available to law enforcement agencies and credit institutions based on existing agreements.

  • 07
    Interoperability

    Interoperable with other internal/external IT solutions involved in the process (crosscheck with Business register, Population register, and other IS).

  • 08
    Advanced Security

    Provides top-level security; a secure database ensures data integrity.

Movable Assets

The Secured Transaction Register is a tool that allows financial institutions to register security interests in movable assets and mitigate customers’ risk. Movable collateral strengthens financial systems by:

  • Diversifying assets held by financial institutions to efficiently spread the risk;
  • Reducing concentration in the financial system by providing banks with profitable lending opportunities in the SME sector to increase their financial market share;
  • Improving liquidity of assets, especially short-term assets such as account receivables;
  • Increasing competition for financial services by enabling non-banks to offer secured loans;
  • Improving regulators’ ability to analyse portfolio risks in line with both standardised approaches and internal risk rating models.​
SECREG

The Importance of the Secured Transaction Register

  • 01
    Access to Registry Service

    Another critical component is access to registry service. Any person may register a notice of an existing or potential security right or search the public register record. Public access is facilitated if the register is designed to enable users to submit notices and conduct searches electronically without the need for the assistance or intervention of registry staff.

  • 02
    Effectiveness Against Third Parties

    The importance of the Secured Transaction Register is that a security right in an encumbered asset is effective against third parties if a notice with respect to the security right is registered in the Register. It means that the registration of an initial notice or amendment notice should become effective only when the information contained in the notice is entered into the register record and available to be searched 

Main Functions

  • Security transactions registration;
  • Identification of collateral;
  • Data search (secured transactions notice, creditors, debtors);​
  • Creditor ranking;
  • Discharge / Termination of a secured transaction;
  • Case management.​

Impact on Private Sector

  • 01
    Private Sector Development

    Movable collateral also contributes to private sector development by increasing the level of credit and decreasing the cost of credit. This will assist in their market inclusion, alleviate poverty and contribute to achieving Goal 10 of the 17 Sustainable Development Goals on ending poverty.

  • 02
    Breaking Down Lending Barriers

    The Secured Transaction Register breaks down lending barriers, especially for women and younger entrepreneurs who often do not have credit histories.​ The importance of the Collateral Register is that a security right in an encumbered asset is effective against third parties if a notice with respect to the security right is registered in the Register.

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Learn more about SECREG©

The register should be established for the purposes of receiving, storing and making information in registered notices accessible to the public.​

Ask for Demo

SECREG© Demo

Get a free no-obligation demo.

Submit the contact form and our expert will be in touch with you shortly.

See SECREG© in Action
Full Name *
Email Address *
Phone *
Company Name *
Your position *
Your Message *

By clicking Submit, you agree to NRD Companies Privacy Policy.

Success Icon

Thank you!

We will contact you soon.