Commercial acceptance bills can be mortgaged for loans

my country's "Bills Law" stipulates that the holder of the bill can pledge the unexpired bill to obtain a loan.

For the pledger, that is, the original note holder, the bill pledge will prompt him to fulfill his loan repayment obligations as scheduled; for the bank, it is more secure than the loan contract in recovering the loan. When a company cannot repay the loan as scheduled, it may exercise its pledge rights to avoid loan risks. It can be seen that bill pledge, as a financing method, is beneficial to both banks and enterprises. However, when companies currently use bills to raise funds, they mostly use discounts, and pledges are less commonly used. However, my country's "Bills Law" allows companies to pledge bills to obtain loans.

The following are the provisions of my country's "Negotiable Instruments Law" -

Article 35... A bill of exchange may be pledged; when pledged, the word "pledge" shall be recorded in an endorsement. When the endorsee realizes his pledge rights in accordance with the law, he may exercise his rights in the bill of exchange.