Welcome to the Sierra Leone Collateral Registry
Sierra Leone Collateral Registry
Sierra Leone Collateral Registry

About The Registry

The Sierra Leone Collateral Registry is an initiative of the Bank of Sierra Leone (BSL) with support from the International Finance Corporation (IFC), a member of the World Bank Group, to improve access to finance particularly for Micro, Small and Medium-Sized Enterprises (MSMEs). The Collateral Registry, originally established under Part II of the Borrowers and Lenders Act 2014, has seen a face lift after the enactment of the new Borrowers and Lenders Act 2019.
It is a web-based system that allows lenders to search for any registrations relating to prior security interests, as well as perfect and establish the priority for their security interests over movable and immovable assets provided as collateral. The Collateral Registry facilitates the use of movable and immovable property as collateral that may remain in possession or control of the borrowers and thereby improves access to secured finance because:
  • Movable and immovable assets/property often account for most of the capital stock of MSMEs;
  • Movable and immovable assets are the main type of security that MSMEs, especially those in developing countries, can use to obtain financing; and
  • Given the opportunities in agri-business, among others, the Collateral Registry regime allows farmers and entrepreneurs to unlock significant sources of capital with assets that would otherwise not be looked at by lenders as potential collateral.
The BSL remains committed to the sustainable economic growth of Sierra Leone and shall continue to support the development of necessary financial sector infrastructure.
The Collateral Registry system is a centralized web-based software designed and developed based on international standards that contains information relating to security interests in movable and immovable property included in forms submitted by registered users.
The software automatically assigns a sequential registration number, date and time of registration to each form accepted for registration and saves data to a database which is made available to searchers who use the appropriate search parameters. The priority among competing security interests is generally established according to the time of registration.
The web-based nature of the system offers remote access from the comfort of your location even beyond normal business hours without visiting the registry office. It reduces and frees registry officials from paper burdens, manual reviews, searches and storage costs.
The SLCR online service is to provide access to three main user groups: i) frequent users, ii) infrequent users, and iii) public users. The kind of access to the Collateral Registry that you require depends on the kind of transaction to be undertaken. It also depends on whether you are a body corporate, an agent (acting on another’s behalf) or an individual lender wishing to use the system to submit registrations regularly or infrequently or a public user who only wants to search the system one time.
How to Access the Registry
Any person can access the Collateral Registry System by entering the URL address www.slcr.gov.sl in a web browser but only registered users are able to submit registration forms. Accessing the Collateral Registry depends on the Client Type. Unlike a Registered Client, a Public Client needs no registration in the system to perform search. A Registered Client could be a financial institution licensed and regulated by the BSL, an agent (institution or individual) or an individual lender.
Users of the Registry can either request a postpaid client account or prepay for transactions at the BSL Pay-point. To pay for a transaction through the Collateral Registry, first determine the total amount of fees for all the services you want to access from the Fees Menu. Then pay that amount at the Pay-point outlet.
  • Option 1: Postpaid Client Account Access
  • Postpaid Client Account users are financial institutions regulated by the BSL who hold a clearing account with the central bank. Such financial institutions may open a client account with the Collateral Registry by clicking the Register Tab on the home page to register and request to be set up on a Postpaid Account. This allows the institution through its authorized users to login to the application, register notices and request search certificates without making any payments in advance. The transaction fees are automatically deducted from the financial institutions credit account with the BSL, and a statement is generated for the client at the end of each month, detailing all completed chargeable transactions.

  • Option 2: Pay Point Client Account Access
  • If you represent a body corporate, act as an agent of a financial institution or an individual lender and holds no account with the central bank but intends to use the registration and search services of the Collateral Registry you must open a client account with the Collateral Registry by clicking the Register Tab on the home page to register and pay the fees in advance at the BSL Pay-Point.

  • Option 3: How to Search as Public User
  • If you wish to conduct a search for existing registrations make sure to pay the fees in advance at the BSL Pay-Point. Click the Search Menu on the Home Page to choose the Search type to perform. In that case, there is no need to login.