The Secured Transactions Register (STR) was soft-launched at the Central Bank of Sri Lanka, marking a new era in enabling collateral-based lending using movable and intangible assets such as equipment, inventory, crops, and intellectual property.
Developed by the Credit Information Bureau (CRIB) and governed by the newly established Secured Transactions Registration Authority (STRA) under the Secured Transactions Act No. 17 of 2024, this initiative aims to empower MSMEs with greater access to affordable finance and foster economic resilience. (CBSL)