JOPA Systems Limited|Collateral Registry Systems and Identity Verification Solutions

About CRS

Collateral Registry System (CRS) is a web based software solution designed and developed by JOPA Systems which can be customized for registration
of movable and immovable collaterals to meet legal and operational requirements of the client. It allows users world-wide access to the services of the
collateral registry via the internet. It provides an electronic tool to the client and its users to register/search and perform other core functions that may
be required.

Background of Collateral Registry System

Collateral registries are publicly available databases of interests in or ownership of assets, allowing borrowers to prove their creditworthiness and
potential lenders to assess their ranking priority in potential claims against particular collateral. Small firms and consumers are typically unable
to utilize most of their movable assets as collateral due to deficiencies in the legal framework. Also in the absence of an entity that files notices
of security interests in movable properties and determines priority in a borrower’s collateral, lenders find it risky to accept movable property as
collateral. Reliable collateral registries or pledge systems can thus not only lower the risk of loan defaults but also reduce the cost of transactions
by increasing transparency.

The system entails rules for creating security interest, effective procedures and protection in case of default, including enforcement and repossession.
This intensify financial service markets by making credit available to a far wide range of firms and individuals than would have access otherwise.

Many developing markets have devoted most of their attention to the use of land and buildings as collateral to secure loans, while the use of movable
assets as collateral is still in its nascent stages of development. The World Bank Group is supporting many developing countries in an on-going reform
of secured transactions framework that seeks to increase access to credit, particularly for small and medium-sized businesses (SMEs) and its
impact on the economy. This support includes legal reform and technical support for the establishment of a centralized Electronic collateral registry system.

Central Banks using CRS

JOPA Systems has worked with the International Finance Corporation (IFC) a member of the World
Bank Group and successfully implemented the Collateral Registry Solution for;

Functionality

Registration of Financing Statement

Process Search Requests

Process user registration

Process Financing Change Statement (Amendments)

Configuration to support Stamp Duty Payment

Batch Registration of Financing Statements

Features

CRS supports the following type of users:

Client Users Account:

These are regular users who have established an account with the registry to which fees for registration of notices and requests for certified search reports may be charged.

Paypoint Users Account:

These are users of payment outlets who, receive payment and credit the registry information technology system with payment received.

Public or Search Users:

These are users who uses the registry website to search the records of the registry to find and view notices without logging in. Do not pay to view searches or generate uncertified search report.

Registry System User

These are regular user who has established an account with the registry to which fees for registration of notices and requests for certified search reports may be charged.

Government Users Account:

These are government entities that takes a lien in the property of a person to secure payment of an obligation and registers a notice of the lien or conduct a search but does not pay fees.

Non-client Account Users

who may register a notice of lease or collateral interest or request a certified search report. Payments are made on performing chargeable transaction by entering a bank receipt number for a payment made.

Administrative Features

Membership Administration

Application Configuration/ Administration

Generate Reports

Other Products

Collateral Registry System