Interesting item, where did you find it?
In Holland, flea market...?
All the insignia are Dutch Infantry.
Probably this cord/item is made by a Dutch soldier in the dutch west indies .1946-1949
Regiment Infanterie Stoottroepen Prins Bernhard.
Regiment Infanterie Menno van Coehoorn.
Regiment Johan Willem Friso and
Regiment Infanterie Chasse.
The oval shaped item is a Dutch rank emblem which stands for "vaandrig/kornet", in English cornet.
You can find them here:
Wapen der Infanterie | Defensie Uniform Prive Museum
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