This is a bearing sword for religious and court processions. The leather flap is quite typical of these swords. A sword like this was carried point up, the leather flap would cover the bearer's hand/hands, and examples are sometimes seen with studded or embroidered decorations. See if there is anything on the other side of the flaps. I can't be sure, but it appears that this example had the decorations removed some time in the past. You can see the holes in leather, where some type of decoration was affixed.
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