Document background
An International Promissory Note is a fundamental financial instrument used in cross-border transactions where one party formally promises to pay another a specified sum of money. Under Swiss law, these notes must comply with the strict formal requirements of the Swiss Code of Obligations and the Geneva Uniform Law on Bills of Exchange and Promissory Notes. The document is particularly useful in international trade finance, corporate lending, and structured financial transactions where parties seek the reliability and predictability of Swiss law. The International Promissory Note includes essential elements such as the amount to be paid, payment terms, parties' details, and any applicable interest or security arrangements. It serves as a negotiable instrument, meaning it can be transferred to third parties, making it a versatile tool in international finance.
