A bill of exchange may be laid in pledge , provided that " value in pledge " is written in the endorsement when the bill is laid in pledge . The endorsee may exercise the rights on the bill when exercising his right of pledge according to law .
汇票可以设定质押;质押时应当以背书记载“质押”字样。被背书人依法实现其质权时,可以行使汇票权利。
In case that the endorsee is a bank , the words denoting " mortgaged draft collection " shall be written in the reference column of collection credential , with reference to the handling procedure of reclaiming the due commercial drafts .
被背书人为银行的,比照商业汇票贴现到期收回的处理手续,并在托收凭证备注栏注明“质押票据收款”字样。
Article 50 subject to the provision of article 31 of the negotiable instruments law , the first endorser of the successive endorsement shall be the receiver of money specified on the bill and the last holder of the bill shall be the endorsee of the last endorsement .
When having acquired the hypothecation according to law , the endorsee may exercise the rights to the draft .
被背书人依法实现其质权时,可以行使汇票权利。
When hidden guaranty endorsement composes turning round endorsement in form , the endorsee can ask the successor as endorser to undertake the bill duty for the cause of existing guaranty relation .
The name of endorsee shall be specified when a bill of exchange is endorsed to negotiate or when the exercise of certain part of the rights thereon is endorsed to another .
汇票以背书转让或者以背书将一定的汇票权利授予他人行使时,必须记载背书人名称。
Article 35 where in an endorsement " by procuration " is written , the endorsee is entitled to exercise the mandated rights on the bill of exchange on the endorser 's behalf .