The Law on Pledge over Movable Assets in Commercial Transactions,which was prepared and put into effect in order to overcome the difficultiesexperienced by Small and Medium Sized Enterprises (SMEs) in providingfinancing, brought many problems. The fact that the pledge on movable assetsby the condition of delivery in the Turkish Civil Code has been replaced bythe registered pledge system does not prevent a pledge on movable assets incommercial transactions from being carried out on the basis of delivery. It isalso possible to establish more than one registered pledge on a movable asset.In such cases, the determination of the legal conclusion terms of the sequenceof the pledges depends on the system adopted by the legislator. It is seen thatThe Law on Pledge over Movable Assets in Commercial Transactionsincludes both the system of fixed degree and the system of progression.Determining which system will be detected according to which circumstancesand reaching an appropriate legal result in this direction requires a carefulanalysis. Additionally, in some cases, the extension of the validity period ofpledge is encountered. In this case, it is also important to examine whether theright of pledges, whose validity period has been extended, can maintain itsposition against other pledges. Finally, it is necessary to determine how theproceeds of a movable asset subject to pledge will be affected by this pledge.