文章第三部分，是票据质押的法律效力问题。
The third part is about the effect of the bill hypothecation.
票据质押设定程序简单，担保力强，是理想的质押方式。
Because ofthe simple setting-up procedure and strong guarantee ability, bill pledge is an idealguarantee form.
票据质押作为一种权利质押形式，由于其强流通性、高安全性而在实务中倍受青睐。
Bill hypothecation as a form of pledge is very popular in practice because of its character of circulation and security.
票据质押是一种票据行为，具有无因性、要式性、文义性、独立性和协同性等特性。
Bill pledge is a kind of bill action which is characteristically abstract, formatted, documental, independent and cooperative.
笔者在对票据质押相关问题进行系统梳理的基础上，对部分疑难问题的解决也提出了自己的观点和看法。
This article is trying to probe the related problems and propose some suggestions to on the basis of a systematic study of bill pledge.
质押背书：票据质权的对抗要件抑或取得要件?。
Endorsement of pledge: counter requirement or acquired requirement of bill dealing;
质押背书：票据质权的对抗要件抑或取得要件?。
Endorsement of pledge: counter requirement or acquired requirement of bill dealing;
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