The use of notes can also be a matter of local practice. For certain cross-border credit transactions (including those involving Latin American borrowers), local law may require that loans to a borrower established in a foreign country be proven by a note in the national language subject to local law, even if the foreign borrower is a party to a separate credit contract governed by the laws of a U.S. jurisdiction. In addition, some banks in the country may require notes to prove their commercial loans, as they facilitate borrowing against or discounting these loans from their local Federal Reserve Bank or Federal Home Loan Bank. D. Accelerated judicial proceedings. New York law provides for a lender to sue in New York State courts for „an instrument for the payment of money.“  The expedited procedure, called a request for summary judgment in the country of appeal, allows an applicant to commence the appeal by immediately going to a summary decision on the instrument. This removes the need for a separate citation and claim that must be served on the borrower, as well as the inherent delay in filing a response and other reactive submissions and potential requests that may be invoked for legitimate reasons or to obtain delays in the proceedings. (d) A undertaking or injunction other than a check is not an instrument if it contains, at the time of its issuance or the first agreement in the possession of a licensee, a striking statement, but expressed, that the undertaking or order is not negotiable or is not an instrument covered by this article. Notwithstanding this belief, most of the bonds used in current commercial lending operations cannot be considered negotiable instruments within the meaning of Article 3, whereas the manufacturer must be paid „on order“ from the lender. As credit contracts become longer and longer, notes attached to these notes have become more sketchy. Many of today`s sola changes do not indicate all relevant terms in the note itself.
Instead, they refer to the underlying credit contract and refer to important terms of the corresponding credit contract, such as interest rate, advance, repayment, late payment and provisions for acceleration. The inclusion of such conditions precludes the rating from being a tradable instrument and the benefits that would be granted to a incumbent purchaser in a timely manner will not apply.  Instead, the agent of a non-negotiable instrument takes the instrument subject to all the defences and claims that otherwise existed against the original holder.