Discount Promissory Note Template for Switzerland

A Discount Promissory Note is commonly used in commercial financing and trade transactions where parties seek to monetize future payment obligations at a discount to present value. This document type, specifically structured under Swiss law, provides a legally binding commitment from the maker to pay a specified sum at maturity, while allowing the payee to receive immediate funding at a discount. The discount rate typically reflects prevailing interest rates, the maker's creditworthiness, and the time to maturity. Swiss law provides a robust legal framework for these instruments through the Code of Obligations and related financial regulations, making them particularly attractive for international trade and financing transactions. The document must contain all legally required elements to be valid and negotiable under Swiss law, including clear payment terms, parties' details, and the discount calculation methodology.

1. Identification of Document: Clear marking as 'Promissory Note' (in the language of issue) and the date of issuance

2. Promise to Pay: Unconditional promise to pay a specified sum, including the original amount and the discounted amount

3. Payee Details: Full name and details of the person to whom or to whose order payment is to be made

4. Maker Details: Full name and details of the person who makes the promise (maker/issuer)

5. Payment Terms: Specific amount, currency, date of payment, and place of payment

6. Discount Terms: Details of the discount rate applied and calculation method

7. Signature Block: Space for maker's signature and date