Document background
The Corporate Promissory Note is a vital financial instrument in Indonesian business practice, commonly used for corporate financing, debt documentation, and commercial transactions. It must comply with the Indonesian Commercial Code (KUHD) and relevant Financial Services Authority (OJK) regulations, while also adhering to corporate governance requirements under Indonesian Company Law. This document is particularly useful when a company needs to formally acknowledge a debt obligation, secure short-term financing, or structure payment obligations in commercial transactions. The note typically includes essential elements such as payment terms, interest provisions, and corporate authorization details, making it a versatile instrument for various business purposes.
