Information Services selected for int'l registry

Executive Summary

• Information Services Corp. (ISC) has been selected via a competitive global process to establish, build, and operate the future international registry for mining, agriculture, and construction equipment.
• ISC will serve as the registrar for an initial five-year term, with extension options available, through a wholly owned subsidiary.
• The registry aims to create a secure global platform to register interests in high-value equipment, improving access to financing and reducing legal risk under the MAC Protocol of the Cape Town Convention.

Key Details

• Contract Scope: ISC is tasked with establishing, building, and operating the international registry for mining, agriculture, and construction equipment.
• Term: Initial five-year term with extension options available.
• Legal Framework: The registry operates under the MAC Protocol, part of the Cape Town Convention, which provides a clear international legal framework for registering security interests in high-value equipment.
• Strategic Impact: The initiative is designed to improve lender confidence, lower legal risk, and support wider access to secured financing, particularly in developing markets where credit is often limited.
• Internal Execution: ISC will manage the registry through its registry operations and technology solutions business segments, leveraging its expertise in secure, scalable systems.
• Partnerships: ISC will collaborate with Unidroit and the MAC Working Group to advance the protocol toward implementation.

Notable Quotes

• "This is a significant step in advancing access to secured finance for the mining, agriculture and construction sectors. We are honoured to deliver a secure, efficient and reliable international registry and look forward to collaborating with Unidroit and the MAC Working Group to advance the protocol toward implementation." — Shawn Peters, President and CEO of Information Services