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What does UCC portfolio management entail?
There are several important tasks that comprise UCC management after the filing of the original financing statement.
UCCs have a finite period of effectiveness and must be tracked and continued prior to expiring in order to maintain perfection of the security interest. While relatively uniform, these effective periods can vary depending upon the type of asset and the filing jurisdiction.
If a deal is revisited due to new financing or restructuring of the existing financing, then the new UCC original financing statements will need to be filed and pre-existing UCCs will likely need to be amended, terminated, or assigned.
For more information read our article on the Challenges and best practices of managing UCC portfolios.
How do I access the ongoing UCC tracking capabilities?