The New revised

 (Promissory Note)

This Information is for All Private and Institutions Investors who‘ve been constantly frustrated by the time length it takes to purchase SBLC /BG’s and MTN’s but don’t know any other alternative of pur-chasing real banking security paper.

Welcome to the 2020 Newly Revised Promissory Note.

We have reviewed and examined the Introduction of this Newly designed Promissory Note and the role it plays in connection with other major Banking financial instruments across the EU, Asia and the USA, by looking at the constructed design and diversity on how this paper helps most embedded in-situations and private investors adopt a more open field in gaining the instrument investment they require at faster and less expensive pace than the normal route were all use to, this note presents a more flexible rang of capacity that might be need to help to strengthen access to other financial instruments along with some private Placement Programs.

Insurance Wrapped

We’ve also reviewed AON Insurance who’ll be the principle Insurer who’ll cover the Insurance of this note; there are also alternative choices of the top 5 Insurers, if AON may not be acceptable by curtain institution or private investors.

This Promissory Note comes with 3 main options to suit each investor’s needs:

Option 1 [Asset Management Agreement]

Option 2 [Lease Agreement]

Option 3 [Buy Sell Agreement Situation]

Euro Clear and International Securities Identification Number (ISIN)

This Note also comes with an extra added security measure, once the it’s been purchased, it comes with an ISIN Number Code is used in nearly 100 countries to clearly identify and show the state of the Notes details which is checkable on the Euroclear based financial system that specialises in the settlement of securities transactions as well as helping with the safekeeping of the promissory note asset.

Overall our mother company First Edge Ltd shows a great deal of comfort in being associated with this Newly Presented Note, our above review also shows this paper must have been prepared on the blessing of curtain financial Institutions. Our mother company also carried out it’s own desk research, and interviews with other financial institution including platforms and desks attaining to the banking Industry, they have all agreed that a note such as this can be a major change on how institutions and investors think.


Promissory Notes Explained

Promissory notes are legally binding documents between a lender and a borrower of money. Promissory notes will come with terms and conditions similar to any other financial agreements or contracts. However, promissory notes do have certain specifications that may not be found in other financial agreements.

Basic Promissory Notes

Promissory notes are often used between individuals when sums of money are being lent and borrowed. These notes are often used by individuals and companies as a guarantee that money will be repaid on a specified date. However, promissory notes are usually unconditional agreements between the lender and the borrower.

The note may be used in connection with some other form of service but there is one difference with a promissory note; the agreed amount must be repaid even if the original service agreement or contract did not occur. Promissory notes are stand alone agreements and the principal promise of repayment is usually unconditional, which means they will need to be repaid regardless of whatever occurs between the lender and the borrower. However, promissory notes will have a set of terms and conditions within the agreement.

The Guarantees of a Promissory Note

As promissory notes are agreements between two people, the actual terms and conditions to be included can be set out in a discussion or in writing between the individuals. Most promissory notes are set out as written contracts but a verbal agreement regarding There will of course be some differences depending on the exact terms and conditions of the promissory note. the terms and conditions can still be seen as binding.

There are certain specifications that should be included in promissory notes and as legal documents go they are not complicated documents full of legal jargon. As long as the document's terms and conditions are clearly defined and both understandable and agreeable by lender and borrower there should be no need to seek legal expertise. However, where large sums of money are concerned it may be a wise option to take some form of legal advice.

Details in a Promissory Note

There are details that will be used in all promissory notes and these will include:

  • The name of the lender and the borrower.

  • The address of the borrower.

  • The principal amount of money.

  • The length of the loan period.

  • Whether or not interest is to be charged and the interest rates.

  • Information on defaults and penalties.

  • Whether or not the loan will be secured or unsecured. Signatures and witness signatures.

This list is not definitive and there are terms and conditions that can be set in place by both the lender and the borrower. These can include specific terms regarding repayments such as compounded interest.

Unfair Terms

If there are any unclear clauses or one party signed the note under any form of duress, then the document may not be enforced if a dispute reaches the law courts. Similarly, if there is any form of unbalance in the note that is biased towards one person, or any of the terms seem unfair, such as extremely high interest rates, then the note may not be enforceable.


Once all of the terms and conditions have been accepted then the final act will be to sign the note. The lender should keep this note until all monies have been repaid and the agreement has reached its conclusion.

Promissory notes are sometimes known as IOUs or loan notes and the basic principle behind all of these terms is the same. A promise has been made to repay money and this promise can be legally enforced. It is in the best interests of the lender to always read the terms and conditions of any financial contract before signing any binding document.