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Tips for processing an FS

 

  • If you register Financing Statements for more than one Secured Party Group, it will be much faster to register your financing statements in batches for each Secured Party Group.  By doing this you will save time by not having to enter new Secured Party Group details for each new registration.
  • When entering information into the relevant text box you are able to copy and paste from an electronic document you may already have.
  • Financing statements reflect the substance of the security agreement(s) and interest(s) – Debtor Details, Collateral Details and Secured Party Details.
  • You may register financing statements prior to attachment.
  • Registration of a financing statement does not replace the need for or function of the underlying security agreement.
  • A financing statement can be stored in the pending area of the PPSR for up to 60 days for administrative reasons, but is not given a date and time of registration until actually registered.  Read more...
  • Your financing statement may reflect one or more security interests.
  • You can record as many debtors and items of collateral as may be appropriate for the security interest(s) on one financing statement for a single fee of $NZ3.

 

Last updated 28 January 2008

Resources

There are a number of online tools available to secured parties to help ensure the Personal Property Securities Register is set up to work the way that you want it to, and to help you manage your registrations.

You will find more information about them here or to find the tools themselves online look for the Secured Party Tools option (you must log on first).

 

Tutorials and demonstrations

If you need help figuring out how to do things on the PPSR website, our online tutorials and demonstrations will help you on your way.

[internal link] Play a PPSR tutorial.