By Raphaël MORENON
12 June 2025
The pledge of a securities account is a powerful and flexible guarantee mechanism, widely used in business life to secure financing or a transaction. However, it must be set up in accordance with a precise set of formalities, each stage of which determines its validity and effectiveness. A simple error or omission can deprive the creditor of the security expected. This article details the steps involved in setting up a pledge, an essential aspect covered in our complete guide to securities account pledging. It is aimed at managers and entrepreneurs who wish to understand the steps involved in setting up this security correctly and robustly. The legal foundations of pledging Prior to 1996, the taking of security over financial securities was fragmented and complex, with each type of security having its own regime. The Financial Activity Modernisation Act introduced a major reform by creating a unified system, now governed by a single text...
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