Registering Securities

Securing your security interests under PPS reform, now requires registration on the Personal Property Securities Register (PPSR). The rules for how to enter the information needed to create an effective and valid registration are complex.

GlobalX’s PPSR solutions guide you through the steps in a logical way, assisting  you to enter the necessary information in the correct format. The system also suggests additional, context-specific verification searches that are available from GlobalX’s comprehensive range of property, company and people search library. This reduces errors and helps you ensure you make an accurate registration.

Our system also allows you to save your registrations as drafts and come back to edit or update them, before submission. With this built-in step to facilitate an approval process, you can be assured that our solutions fit seamlessly into your business processes, while ensuring all the necessary boxes are ticked.

Once registered, we provide very simple ways of managing your interests, including making amendments, transfers and discharging interests. All these solutions are integrated with our intelli-tools™ suite for ease of use and minimal retyping of data.

Key Benefits of GlobalX’s PPSR registration solutions

• VIN serial number verification features allow you to check for the correct VIN for vehicles, aircraft and watercraft, helping you to avoid a defective or inaccurate registration.                                                                            
• Organisation grantor verification features assist you to confirm the grantor is correct, understand the status of the grantor and ensure you register using the correct organisation number.
•  Individual grantor verification features enable you to “sense check” the individual over whom you are about toregister a security interest, and see if any record of them can be found across multiple databases. This provides increased accuracy in your assessment and reduces the possibility of fraud.
• Using our Secured Party Group (SPG) Management system, your Verification Statements will be copied automatically to your Doc Manager, minimising the risk of delivery failure via email. This gives you peace of mind, and ensures your obligations to distribute the Verification Statement to the grantors can be met.
• For organisations who conduct large volumes of registrations, discharges, transfers and renewals, we offer batch services, which improve your efficiency, and minimise the risk of errors by removing the need to re-key data into the web forms.
  
  

For more information about our PPSR Solutions, request your copy of the GlobalX PPSR Products and Services Guide from the PPSRCheX Team at support@ppsrchex.com.au or call 1300 850 905.