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A Debt Clearance Letter is a crucial document in Swiss business and financial transactions, used when a debt has been fully satisfied and the creditor wishes to provide formal confirmation of the debt's discharge. This document, governed by Swiss law, particularly the Code of Obligations (OR), serves multiple purposes: it provides legal evidence of debt satisfaction, prevents future disputes about the debt's status, and offers protection for both creditor and debtor. The letter typically includes specific details about the original debt, confirmation of payment received, and explicit statements releasing the debtor from further obligations. It's particularly important in Switzerland's highly regulated financial environment, where formal documentation of debt clearance can be essential for various business and legal purposes, including property transactions, business sales, or corporate restructuring.

1. Letter Header and Date: Formal business letter header including sender's and recipient's addresses and date

2. Subject Line: Clear identification of the document as a Debt Clearance Letter with reference numbers

3. Debt Identification: Specific details of the debt including original amount, date incurred, and any reference numbers

4. Payment Confirmation: Confirmation of the payment(s) received, including dates and amounts

5. Clearance Declaration: Explicit statement confirming the debt has been fully satisfied and cleared

6. Release Statement: Formal release of the debtor from all obligations related to the specified debt

7. Signature Block: Space for creditor's signature, name, title, and date