Pre-registration will be crucially important for inventory PMSIs (where the collateral is inventory in the hands of the grantor). The PMSI Rules require that the secured party under an inventory PMSI must perfect their PMSI by registration, and must register before they supply goods, or before their PMSI attaches (for inventory other than goods). This means that secured parties taking inventory PMSIs must pre-register before supply or attachment.
Pre-registration will be crucially important for inventory PMSIs (where the collateral is inventory in the hands of the grantor). The PMSI Rules require that the secured party under an inventory PMSI must perfect their PMSI by registration, and must register before they supply goods, or before their PMSI attaches (for inventory other than goods). This means that secured parties taking inventory PMSIs must pre-register before supply or attachment.
In practice, this will mean the secured party must register a financing statement against the grantor (usually a buyer) to perfect an inventory PMSI a few days, weeks or hours before the transaction is completed, probably during discussions or negotiations.