Abstract:

The Real Right Law of People's Republic of China explicitly stipulates that the accounts receivables can be used as the
subject of pledge. However, the law has only made the simple stipulation to accounts receivable pledge. Therefore, a reliable legal
protection can't be provided to the the actual operation of accounts receivable pledge, and the using of the system will face difficulties.In view of the effect of accounts receivable pledge contain special content, which other kind of pledge does not include, The Real Right Law of People's Republic of China is necessary to make special provisions about the effect of accounts receivable pledge, in order to clearly define the connotation of the effect and give adequate legal protection on the rights of the pledge.

Key words: accounts receivable, the pledge of accounts receivable, effect of the real right, The Real Right Law