Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)


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Art. 995

5. Prom­ise of in­terest

 

1 In a bill of ex­change pay­able on sight or at a stated peri­od after present­a­tion for ac­cept­ance, the draw­er may stip­u­late that the bill amount will bear in­terest. For all oth­er bills, the in­terest rate com­ment is deemed un­writ­ten.

2 The in­terest rate must be in­dic­ated on the bill of ex­change; where there is no such in­dic­a­tion, the in­terest rate com­ment is deemed un­writ­ten.

3 The in­terest ac­crues as of the date on which the bill of ex­change was drawn, un­less some oth­er date is spe­cified.

 
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