The Schuldscheindarlehen is one of Europe's oldest and most trusted debt capital market instruments, particularly in Germany, Austria and Switzerland. Its appeal lies in simplicity: a bilateral loan agreement, no prospectus requirement, and transferability to other institutional investors.
allswiss structures SSD transactions backed by real assets — primarily real estate or infrastructure — giving institutional investors both the contractual flexibility of the instrument and the security comfort of a real asset charge. Maturities typically range from 3 to 7 years with fixed or floating coupons.
As an originator and arranger, allswiss maintains relationships with both the borrower and investor sides. We do not act as a pure intermediary — we perform independent due diligence on every underlying asset and accompany the transaction from origination to repayment.
Key Facts
- Instrument
- Schuldscheindarlehen (SSD)
- Documentation
- Bilateral — no prospectus
- Typical size
- EUR / CHF 5m – 100m
- Tenor
- 3 – 7 years
- Coupon
- Fixed or floating
- Security
- Real asset charge
- Market
- DACH institutional
Applications
Use cases
Real Estate-Backed SSD
Schuldscheindarlehen secured by first-charge mortgage over Swiss or German real estate — income-producing or development.
Corporate Promissory Notes
SSD issued by real asset operators or developers — providing working capital or project finance at institutional terms.
Private Debt Mandates
Bilateral private debt mandates structured as SSD for pension funds and insurers seeking to diversify away from public credit.
Portfolio Transactions
SSD structures covering pools of real assets — spreading single-asset concentration risk across a defined portfolio.
How it works
Our process
Borrower Assessment
Credit analysis of the borrower and independent valuation of the underlying real asset security package.
Term Sheet
Non-binding term sheet agreed between borrower and allswiss — covering amount, tenor, coupon, security and conditions.
Documentation
Lean bilateral SSD agreement prepared by legal counsel. No rating agency involvement or prospectus required.
Closing & Transfer
Funds disbursed on closing. SSD is transferable to other qualified institutional investors throughout its tenor.