Decree 1746, the General Deposit Warehouses Act, governs warehousing companies as auxiliary credit institutions. They issue two instruments: the deposit certificate, which represents ownership of the goods, and the bono de prenda, or pledge bond, which documents a secured loan over them. This is the classic mechanism for financing imported inventory or stored harvests, including goods held under customs bond; its basis is article 717 of the Commercial Code.
How do I finance imported inventory or stored crops? What is a 'bono de prenda'?
Sources
Ley de Almacenes Generales de Depósito Decreto 1746
Guía de trámites Certificado de depósito
