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Secured party group (SPG)

The identity a secured party uses on the PPSR; one or more secured parties with a number and an access code.

Every registration is made by an SPG. The SPG holds the address for service and the access code that lets a registration be changed or ended. A supplier usually has one SPG in its own name. An agent such as OnTerms creates and manages the SPG on the supplier's behalf under written authority; the SPG stays in the supplier's name.

Related terms

  • Secured party — The person who holds the security interest: the supplier, lessor, lender or consignor.
  • Address for service — The address on the SPG where the PPSR and grantors send notices, including verification statements and amendment demands.
  • Access code and token — The credentials that control an SPG and each registration.

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