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The Discount Promissory Note is a specialized financial instrument commonly used in Austrian commercial transactions for short-term financing needs. It represents a promise by the issuer to pay a specified amount at maturity, with the note being issued at a discount to its face value, effectively providing the holder with interest in advance. This document type is particularly useful in trade finance, corporate borrowing, and commercial transactions where parties seek to optimize cash flow through discounted debt instruments. The Austrian legal framework provides a robust foundation for such instruments, with the Discount Promissory Note being governed by both the Austrian Civil Code (ABGB) and the Bills of Exchange and Cheques Act. The document must contain specific mandatory elements to be valid under Austrian law, including clear identification of parties, precise payment terms, and proper execution requirements.

1. Header Information: Title of the instrument as 'Promissory Note (Wechsel)' and the date of issuance

2. Promise to Pay: Unconditional promise to pay a specified sum, including the currency and amount in both numbers and words

3. Parties: Clear identification of the maker (issuer) and the payee, including full legal names and addresses

4. Payment Terms: Specification of the maturity date, place of payment, and discount rate applied

5. Face Value: Statement of the face value of the note before discount

6. Discounted Amount: Clear statement of the actual amount being paid after applying the discount

7. Governing Law: Express statement that the note is governed by Austrian law

8. Signature Block: Space for the maker's signature, date, and any required witness signatures