With respect to the debt and the creditor: pledged stocks guarantees a credit consented to by the credit establishment.

With respect to settlors: the settlor is a private law legal entity or an individual benefiting from a credit in the exercise of its professional activity.

With respect to property: it can be pledged, with the exception of property subject to a title retention clause, inventories of raw materials and of their supply, intermediary products, residual and finished products as well as merchandise belonging to the debtor and estimated in nature and valuation as of the date of the last inventory.

Form: pledged stocks is established by an instrument under private seal or certified instrument which must consist of, upon penalty of nullification, the references of Article L. 527-1 of the Commercial Code:

1° entitled "pledged stocks instrument";

2° designation of the parties;

3° reference that the instrument is subject to the provisions of Articles 527-1 through L. 527-11 of the Commercial Code;

4° the name of the insurer guaranteeing against fire or destruction;

5° the name of the guaranteed debt;

6° a description allowing for identification of present or future pledged property, in nature, quality, quantity and valuation as well as reference to the location of their maintenance;

7° duration of the agreement.

(Prices with tax)

Payments to be made to the order of the relevant GREFFE DU TRIBUNAL DE COMMERCE.

REGISTRATION (including postal costs)

For a debt of less than 20,800 euros: 28.03 euros.

For a debt equal to or exceeding 20,800 and less than 41,600 euros: 102.91 euros.

For a debt exceeding 41,600 euros: 151.27 euros.

REFERENCE TO PRECEDENCE, SUBROGATION AND RENEWAL (including postal costs)

For a debt of less than 20,800 euros: 13.99 euros.

For a debt equal to or exceeding 20,800 euros: 31.15 euros.

MARGINAL REFERENCES (including postal costs)

For all amounts: 7.18 euros.