How to Release a PPSR Security Interest Without a Registration Token
In the Personal Property Securities Register (PPSR), each security interest registration is protected by a unique registration token (a 16-digit alphanumeric code). This token functions like a password – it’s required (along with the registration number) to amend, transfer, or discharge the registration. When a financing statement is first registered, the PPSR system emails the token to the secured party’s address for service on record. In addition, registrations are associated with a Secured Party Group (SPG), which has its own SPG number and an SPG access code (a 12-character password) that can also be used to manage all registrations under that group.