Pledge means that the debtor or a third party transfers his movable property or securities, intellectual property rights and other rights certificates to the creditor for possession as a guarantee for the debtor to perform his debts. If the debtor fails to perform the debt at the expiration of the debt performance period, the creditor has the right to discount, auction, sell off or exercise the security right and intellectual property rights of the pledged property according to law, and the proceeds or the property obtained according to law will be given priority in compensation.

Give you a process:

1. The principal (borrower) and the bank signed the Bank-Enterprise Cooperation Agreement and the Account Supervision Agreement.

2 warehousing enterprises, consignors and banks sign warehousing agreements.

3. The warehousing enterprise shall sign an irrevocable letter of guarantee with the bank to assist in exercising the pledge right.

4. The consignor will deliver the goods to the designated warehouse according to the agreed quantity, and the warehousing enterprise will issue a special warehouse receipt after receiving the notice to confirm the experience of the goods; The owner pledges and endorses the special warehouse receipt on the spot. After the warehouse is signed and sealed, the owner submits it to the bank to apply for warehouse receipt pledge loan.

5, after the bank audit, signed a loan contract and warehouse receipt pledge contract, according to a certain proportion of the value of warehouse receipt loans to the owner's supervision account in the bank.

6. When normal sales are realized during the loan period, the full amount will be transferred to the supervision account, and the bank will issue a sub-bill of lading to the owner according to the received amount, and the warehouse will deliver the goods after verification according to the agreed requirements; After the loan is returned at maturity, the balance can be controlled by the owner (borrower).

7. After receiving the loan, the bank will deduct the corresponding deposit or issue a notice of delivery.

8. The logistics supervisor shall handle the cancellation procedures of related collateral with the bill of lading issued by the bank, and issue the receipt of the bill of lading to the bank.