Rights to payment or performance by the debtor
Rights of payment or performance by the debtor are held by the
creditor.
It is therefore only the creditor who can assign these rights to
another party (assignee). In the context of the Convention, a creditor is a
chargee, a conditional seller or a lessor.
However, since the Protocol extends the scope of application of the new regime to sales, a buyer can also register an International Interest and be a creditor. In the case of an option to purchase under a lease, a lessee can register a Prospective International Interest in that respect and therefore also assign such interest.