The paper deals with legal aspects relating to pledge on bonds as a form of securing claims resulting from credits granted. The author sets off by characterising the bond as a security, along with its role in securing the payment the of debts.

He subsequently discusses the legal framework allowing banks to apply various protective measures relating to their banking operations, including credit activities.

The paper additionally discusses procedural issues connected with pledge on securities and the requirements to be met by banks which choose to apply it.