Static mortgage means that the mortgaged goods will not change after the financing enterprise gives it to a third-party logistics and obtains a loan, and the collateral cannot be reused until the mortgage is over and the loan is paid off. Dynamic pledge, also known as approved inventory mode, refers to the movable property pledged by lenders in the supply chain financing services provided by banks to small and medium-sized enterprises. The pledged movable property can exist in different forms at different stages, such as raw materials, finished products or accounts receivable, and these movable properties can be substituted for each other, as long as the value of pledged movable property floats within a reasonable range to control risks. Dynamic pledge is relative to static pledge. In static pledge, pledge is agreed in advance. It is not allowed to change in the process of credit granting, and the pledge can only be redeemed after the lender pays the deposit or pays off the loan. Static pledge credit is the most basic product in the pledge credit business of movable property and goods rights. Pledged goods are not allowed to be exchanged. It is called a specific inventory model. Dynamic pledge is an extension of static pledge credit, which refers to the credit business in which customers pledge their own movable property or movable property legally owned by a third party. The bank sets a minimum amount for the movable property pledged by customers, and allows the pledged goods above the minimum amount to leave the warehouse. Customers can replace the pledged movable property with other forms of movable property. Dynamic pledge credit has little influence on production and business activities, and customers do not need to start a deposit to redeem pledged goods, which has obvious effect on revitalizing inventory. Static mortgage can ensure the security of third-party logistics loans to a certain extent, but it also exposes many problems in practice, such as financing enterprises mortgage raw materials, which need to be used in their production. According to the idea of static mortgage, before the financing enterprises pay off their debts, they can't use the mortgaged raw materials, which may lead to the stagnation of the financing enterprises' production and the inability to repay the loans on time, and the third-party logistics will bear a series of consequences such as the depreciation of the mortgaged goods and the loss of realization. Measures for the administration of registration of debt-to-equity swaps of companies Article 8 Debt-to-equity swaps shall be verified by a legally established capital verification institution and a capital verification certificate shall be issued. The capital verification certificate shall include the following contents: (1) the basic information of the creditor's rights, including the time and reason for the occurrence of the creditor's rights, the names of the parties to the contract, the subject matter of the contract, and the performance of the obligations corresponding to the creditor's rights; (2) Appraisal of creditor's rights, including the name of appraisal institution, appraisal report number, appraisal benchmark date and appraisal value; (3) the completion of debt-to-equity swap, including the signed debt-to-equity swap agreement, the creditor's exemption from the company's corresponding debts, and the company's relevant accounting treatment; (4) Where the debt-to-equity swap is subject to approval according to law, the approval information.