Birth of fiduciary guarantee is the same date as the date of registration fiduciary guarantee. Before fiduciary guarantee registered, the position of fiduciary recipients is very weak. So, to acquire the legal certainty, the fiduciary guarantee must be registered. Fiduciary recipient who have registered will acquire benefit as preferent creditors, while fiduciary recipient who have not registered serve as concurrent creditors. And fiduciary guarantee also has the power executorial, creditors as fiduciary recipient have the right to execute the guarantee object if the debitor is default
                        
                        
                        
                        
                            
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