Central Registry for Secured Transaction creates a platform for the financial institutions and lenders to keep their transaction secured over the movable.
keeping the transaction secured
Establishment of a Central Registry is to encourage secured transactions and improve the use of collaterals, the MSME SDP will set up a Central Registry, and where mortgages and other security interest in moveable and immoveable property can be registered for collateralization. A registry is also important for monitoring and securing “lender – borrower / creditors – debtor” transactions, facilitate credit information sharing and therefore, effectively improve access to credit businesses. Therefore, Central Registry has been implemented by RMA and is now under the management of CIB (Credit Information Bureau of Bhutan Ltd. )