Authorization Letter Claim Cheque

Authorization Letter Claim Cheque Template for Switzerland

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Key Requirements PROMPT example:

"I need an Authorization Letter Claim Cheque under Swiss law to allow our CFO to collect a business cheque worth 500,000 CHF from UBS Bank on January 15, 2025, with the authorization valid for 30 days."

Document background

An Authorization Letter Claim Cheque is a critical document in Swiss banking operations, used when the original cheque beneficiary needs to delegate the authority to claim a cheque to another party. This situation commonly arises in business settings where corporate representatives need to act on behalf of their organization, or when individuals are unable to personally present a cheque for collection. The document must strictly comply with Swiss banking regulations and the Swiss Code of Obligations, requiring specific details about the authorizer, the authorized person, and the cheque in question. Banks in Switzerland typically require this formal authorization to protect against fraud and ensure proper documentation of the delegation of authority. The letter serves as a legal instrument that creates a clear audit trail for the transaction and helps financial institutions meet their compliance obligations under Swiss law.

Suggested Sections

1. Date and Place: Current date and place of execution of the authorization letter

2. Bank Details: Full name and address of the bank where the cheque will be presented

3. Authorizer Information: Complete details of the person giving the authorization, including full name, address, and identification numbers

4. Authorized Person Information: Complete details of the person being authorized to claim the cheque, including full name, address, and identification numbers

5. Cheque Details: Specific details of the cheque including cheque number, amount, date, and issuer information

6. Authorization Statement: Clear statement of the powers being granted to collect/claim the cheque

7. Declaration: Statement confirming the authenticity of the information and validity of the authorization

8. Signature Block: Space for authorizer's signature, witness signatures if required, and any necessary authentication

Optional Sections

1. Duration of Authority: Used when the authorization needs to be time-limited rather than one-time use

2. Special Instructions: Any specific conditions or instructions for claiming the cheque

3. Reason for Authorization: Explanation of why the authorization is being granted, used when required by bank policy

4. Revocation Clause: Terms under which the authorization can be revoked, used for longer-term authorizations

5. Language Declaration: Statement about the controlling language if the letter is bilingual, used in different language regions of Switzerland

Suggested Schedules

1. Copy of Authorizer's ID: Certified copy of authorizer's identification document

2. Copy of Authorized Person's ID: Certified copy of authorized person's identification document

3. Copy of Cheque: Copy of the cheque being authorized for collection

4. Specimen Signature: Specimen signature of the authorizer for bank verification

5. Bank Account Details: Details of the account where the cheque is to be deposited, if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking and Financial Services

International Trade

Professional Services

Corporate Services

Legal Services

Retail Banking

Investment Banking

Insurance

Import/Export

Business Consulting

Relevant Teams

Finance

Legal

Compliance

Treasury

Banking Operations

Administrative Services

Corporate Secretariat

Document Control

Accounts Receivable

Transaction Banking

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Financial Controller

Banking Operations Manager

Compliance Officer

Legal Counsel

Corporate Secretary

Accounts Receivable Manager

Administrative Officer

Finance Executive

Banking Relationship Manager

Transaction Banking Officer

Document Control Officer

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