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The Authorization Letter For Collection Of Payment is a crucial document in Swiss business and financial transactions, designed to facilitate secure and authorized payment collection processes. This document becomes necessary when an individual or entity needs to delegate the authority to collect payments to another party, whether for a single transaction or recurring collections. It must comply with Swiss legal requirements, particularly the Swiss Code of Obligations (OR/CO) Articles 32-40 regarding representation and the Federal Act on Banks and Savings Banks for payment processing. The document typically includes detailed information about all parties involved, specific payment details, scope of authority, and duration of the authorization. It's particularly relevant in situations involving international transactions, business representations, or cases where the original payee cannot personally collect the payment.

1. Date and Place: Current date and place of execution of the letter

2. Authorizing Party Details: Full name, address, and contact information of the person/entity giving authorization

3. Authorized Party Details: Full name, address, and contact information of the person/entity being authorized to collect payment

4. Payment Details: Specific information about the payment to be collected, including amount, currency, and reference numbers

5. Scope of Authorization: Clear description of the powers being granted, including any limitations or specific instructions

6. Duration of Authority: Validity period of the authorization, including start date and expiry date if applicable

7. Signature Block: Space for signature, name, and date for the authorizing party