Guarantees of Transferable Securities. The pledge of transferable securities implies the request for a credit by delivering such securities as collateral or pledge.
In loans granted with the guarantee of securities that are admitted to trading on an official secondary market and whose formalization is recorded in a policy with the intervention of a Collegiate Trade Broker or in a public deed, the lender will have the right to collect their credit over the pledged securities in preference to the others. creditors, who will not be able to dispose of the same unless satisfying the credit constituted on them.
Regarding the valuation of this type of guarantee, it will be based on the market quotation and if the values are not quoted on the organized market, by the income actually produced.