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The Discount Promissory Note is a specialized financial instrument used when a party needs immediate access to funds and is willing to receive less than the face value of the note in exchange for immediate payment. This document type is particularly relevant in commercial financing, trade finance, and business operations where companies seek to monetize future payment obligations. Under Dutch law, the Discount Promissory Note combines the legal framework of standard promissory notes with specific provisions for discounting, making it a valuable tool for business financing. The document must comply with Dutch civil and commercial law requirements, including specific provisions from the Burgerlijk Wetboek (Dutch Civil Code) regarding negotiable instruments and financial obligations. It typically includes details about the face value, discount rate, maturity date, payment terms, and transferability rights.

1. Parties: Identification of the maker/issuer and the payee

2. Promise to Pay: Unconditional promise to pay a specific sum (face value) at a specified future date

3. Face Value Amount: Clear statement of the full face value amount of the note

4. Discount Terms: Specification of the discount rate and discounted amount being paid to the issuer

5. Payment Date: Specific maturity date when the face value amount becomes due

6. Place of Payment: Location where payment will be made

7. Transferability: Statement regarding the transferable nature of the note

8. Governing Law: Specification of Dutch law as the governing law

9. Execution: Date and signature blocks for the parties