Study On The Account Receivable Pledge System Via Measuring The Value Of Security And Efficiency

As a solution to the financing problem of Medium-sized and small enterprisesand financial innovation of bank business， Account Receivable Pledge System is beprovisioned by Property Law. It’s a major step in our legal system servicing socialand economics. But at the present， this legal system not plays a good utility expectedby people. The reasons include lacking of legislation， imperfect law enforcementmechanism and value preference of systems. The paper select a perspective of thevalue choose of security and efficiency to examine the process of system appearingand the reality system，and put forward the view that the current system has partialityfor efficiency value. The paper also thinks that we must increase appropriately thesecurity value of the system， so it would be improved better.Starting with the basicconcept and category of Account Receivable Pledge System， defining the AccountReceivable a claim of creditors and thinking Account Receivable Pledge System aright pledge in the systems， the paper make a syndrome differentiation to the scopeof Account Receivable based on the definitions come from accounting and thedefinitions in legal context. On the basis of statement in concept， the paper analysisthe legal characteristic of Account Receivable Pledge System， proceeding withseeking security value and efficiency value of the law.Then it review the process of Account Receivable Pledge System creation andthe before and after the process. The paper especially review the interests expressingof all parties and their favorable value in the process， viewing angle of the choose tosecurity value or efficiency value. It finds out the reason why the system will nowhave such value favorite. The intention of legislation is both resolves quicklyfinancing problem of Medium-sized and small enterprises and financial encourage ofbank business. It’s the important condition to next stage of current systemanalysis.The registration legal system established by the people’s bank of China isnow the main contents and implementation ways of the Account Receivable PledgeSystem. The paper determines boldly that the system is fond of efficiency. The paperalso discusses other problems about security，such as assistance of safety system，and avoiding of risk of financial and market. It consummates the system consideringthe increasing security values. To improve and develop the account receivable pledgesystem， the paper take some advice to make the system both safe and efficient， such as， improving registration system’s safety， clearing the parties’ rights andobligations， thinking about interests of third party，construction of other supportingsystem， and so on. The advice recommendation to ideas， and also have someoperability. It can take some reference to legislation and enforcement departments.