Then through the analysis and comparison of various aspects of draft, this paper presents the adverse legal effect common negotiable instruments rules have on bill of exchange used according to letter of credit arrangement.

• 通过分析比较信用证下票据基础关系、票据行为及票据权利的特殊性,阐述以一般票据规则约束信用证下汇票所带来的法律后果及在实践中产生的种种问题。