By Yasmine EDDAM
13 June 2025
For a company director, trade receivables often represent a major asset, but their value remains latent until they are paid. Yet these receivables can be turned into a lever for financing or a solid guarantee against a buyer. The pledge of receivables is the legal mechanism that makes this possible, offering tangible security to secure a credit transaction or a commercial commitment. This tool, although technical, is proving highly effective in business life. To understand it properly, it is essential to understand pledging in all its forms. This article sets out the different types of pledge of receivables, from the general legal framework to specific applications such as assignment or pledging by means of a bordereau Dailly. Pledging of receivables under ordinary law: a framework defined by the Civil Code Defined by Article 2355 of the Civil Code, pledging is a security interest, i.e. an interest in a...
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