The PPSR B2G Update wizard allows you to update PPSR transactions in bulk. It also allows you to easily generate new, discharge and renew actions.
To do an update of an individual PPSR transaction, go to the Security Statements form, and click on the Perform B2G Updates button under the PPSR B2G heading.
When an Account is closed there is normally a period of time where the payment made could be rejected, i.e. bounced. Therefore, it is unusual to immediately discharge Securities upon the Account being settled. Instead this process normally occurs after the payment is cleared.
The maximum period a Collateral Registration can be registered on the PPSR is;
A registration will automatically expire when the expiry date is reached, therefore to keep collateral items registered you must renew the registration before the expiry date.