This online NCRI category system and
further availability upon request, allows for a
greater degree of transparency and therefore
predictability with regard to what NCRIs
a financing party or other interested party
may encounter in a declaring Contracting
State which have priority over a registered
interest than has ever been available before
now. In fact, parties already use this system
to plan transactions and to study local law
categories that are declared. It is likely parties
will expand that use as it becomes better
understood that if a declaration is not made
as to a category then that category will not
be a preferred right or interest as against
international interests within that declaring
Contracting State