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Online registry makes lending against movable property easier in Samoa

Online registry makes lending against movable property easier in Samoa

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by February 28, 2017 Pacific News, Regional News

APIA,27 FEBRUARY 2017 (ADB)— Lending institutions in Samoa will be able to provide credit to more businesses following the launch of an online registry that makes it easier to accept movable property — such as machinery, accounts receivable, or inventory — as collateral.

Activation of the Personal Property Securities Registry in Apia today was the culmination of an extensive reform to establish a personal property securities framework in Samoa, through which security interests in movable property can be safely and easily recorded. The reforms were supported by the Asian Development Bank’s (ADB) Pacific Private Sector Development Initiative (PSDI). We’re sorry. You don't have permission to access this page. Please sign up to have full access to this page.

 

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