|Notification - Bank Act Security Renewal Date|
As part of the annual Notice of Intention (NOI) renewal process for the Banks we have introduced an enhanced process featuring a revamped Expiring Registration Report. The new expiry report tracks and reports the initial 5 year term and 5 year renewal term at each year increment of the 5 year term as opposed to the end of the 5 year term. This will also introduce a change to the expiry date displayed on the search results.
· Due to recent changes to enhance our expiry report, the enhancements may affect the displayed expiry date on search results for 5-year registrations.
· The Expiry date will display the date in which the registration is eligible for renewal, or the "auto-renewal date".
· This has changed from the previous display date of 5-year expiry date to the next annual renewal expiry date.
Questions - If you have any further questions, please contact:
Bank Act Security Department
D+H Collateral Management Corporation
4126 Norland Ave, Suite 200
Burnaby, BC V5G 3S8