Bill of Sale - Uriwaritegata

…However, the bill market has a relatively short history, having been established in May 1971 to incorporate the somewhat medium-term transactions (monthly transactions) that had been traded in the call market after the Bank of Japan had tried to develop it several times after the Second World War but did not last long. Bills traded in the bill market (bills for sale from the seller's perspective, and bills for purchase from the buyer's perspective) are either high-quality commercial bills issued by companies (original bills), or bills of exchange addressed to short-term money brokers that are issued by financial institutions using the original bills as collateral and are accepted by them (cover bills), and in practice, the cover bill method is more common for practical reasons. The interest rate formed in the bill market is called the bill trading rate, and the bill trading rate was abolished in October 1979, completing interest rate liberalization with the abolition of the quotation system, and has become subject to frequent changes that sensitively reflect the supply and demand of funds at any given time. …

*Some of the terminology explanations that refer to "bills of sale" are listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

…もっとも，手形売買市場は，第2次大戦後何度か日本銀行によりその育成策が講じられながら長続きしなかったあと，1971年5月にそれまでコール市場で取引されていたやや中期的な取引(月越もの)を取り込む形で創設された市場で，その歴史は比較的浅い。　手形売買市場で売買される手形(売手からみて売渡手形，買手からみて買入手形)は，企業振出しの優良商業手形等(原手形)か，または原手形を担保として金融機関が振り出す自己引受けの短資会社あて為替手形(表紙手形)かの二つがあり，実際には実務の便宜もあって表紙手形方式が多い。手形売買市場で形成される金利を手形売買レートというが，手形売買レートも1979年10月建値制が廃止されて金利自由化が完了し，その時々の資金需給を敏感に反映して頻繁な変更をみるようになっている。…

※「売渡手形」について言及している用語解説の一部を掲載しています。

出典｜株式会社平凡社世界大百科事典 第２版について | 情報