Article Details
Id: | 10457 |
Product: | finPOWER Connect |
Type: | FIX |
Version: | 1.06.03 |
Opened: | 03/09/2012 |
Closed: | 03/09/2012 |
Released: | 17/09/2012 |
Job: | J010296 |
Security Register PPSR Add-On Australia; Validate Security Statement for a Grantor.
Whether a grantor is specified on a registration is dependent on the collateral class of the item being registered.
If a grantor was not required on the registration, items could still be registered if there was no linked Client or open Account on the Security Statement.
There is now a new validation check for all Security Statements to ensure there is one linked Client or at least one linked Account that is open before an item can be registered.