Authentication of default: creditors must file defaults with information utilities enabling issuance of authenticated record of default before insolvency proceedings. Creditors must file information of default with an Information Utility before initiating corporate insolvency proceedings under sections 7 or 9; the IU will process the information, authenticate the default as Authenticated, Disputed, or Deemed to be Authenticated (with colour codes and special treatment for certain banks), and issue a digitally signed Form D record of default to registered users containing debtor details, unique debt identifier, amounts, dates and authentication status.