Document background
The Deed of Release Debenture is a crucial document in Dutch secured financing transactions, used when a borrower has fully satisfied its secured obligations and requires formal release of security interests. This document type is particularly important in the Netherlands due to the formal requirements for creating and releasing security interests under Dutch law. It is typically prepared following full repayment of secured facilities or as part of refinancing arrangements. The deed must meet specific requirements under Dutch civil law and often requires notarial involvement. It serves to document the release of security, provide evidence of discharge, and facilitate the updating of public registers where the original security was recorded. The document includes detailed references to the original debenture, confirmation of discharge of secured obligations, and provisions for implementing the release effectively.
