10 Francs

The Caisse d'Escompte de Genève was a short-lived private discount bank, one of several that operated in the Swiss cantons before the Federal Banking Act of 1881 consolidated note-issuing authority. Geneva's commercial banking culture in the 1850s was heavily oriented toward trade finance with France and Piedmont-Sardinia, and these notes circulated in an environment where the Swiss franc itself was still relatively new — federal coinage had only been standardized in 1850.

The watermark security was the norm for Swiss cantonal private issues of this period, though enforcement of counterfeiting laws remained a cantonal rather than federal matter.