It proposes that currency and credit supplies should keep pace with the production and circulation of agriculture, science, and commerce, by a discount mechanism of qualified commercial bills, that is, a quality-controlled discount of commercial bills.

With the advent of the Internet era,the traditional paper-based Commercial paper has been unable to meet market demand.

To change the present situation,commercial paper market must be developed on the basis of perfecting bankers’acceptance market.

Commercial paper market is the market in which big enterprises and non-bank financial institutions underwrite,accept,and discount commercial papers for the aim of short-term financing.

On the basis of define to commercial bills concept, in note function, profit analysis of source of market of our country commercial bank, and perfect commercial bills market of our country, have mercerization of interest rate, etc.

Being due ,trade bill (referring to banker’s acceptance bill & trader’s acceptance bill) may not get pay- ment as usual in the process of endorsement and being transferable because accepting bank differs in understanding laws and conventions and in the requirement s for the endorsement of trade bill .