How the calculation works
- Formula
- 5% annual default interest, pro-rated by late days.
- Current stored rate
- 5.00% fixed annual rate.
- Recovery compensation
- No statutory fixed recovery-cost amount is added by this calculator for Switzerland.
- Primary source
- Swiss Code of Obligations, Art. 104
For a CHF invoice, the calculator applies 5% annual interest to the overdue principal for the selected number of late days.
This tool calculates interest mechanically from stored rate data. It is not legal advice. Always check the contract, governing law, debtor status, and any sector-specific rules.
Frequently asked questions
What Swiss default rate does the calculator use?
It uses 5% annual default interest.
Can a contract specify another rate?
Contracts may contain specific interest terms. Check the agreement and applicable law before relying on a statutory fallback.
Does the Swiss calculator add a fixed fee?
No. The Swiss option calculates interest only and does not add a fixed recovery-cost amount.