A kinetic model is developed for the electrocatalytic oxidation of formic acid on Pt under potentiostatic control. The model development proceeds stepwise via a simple model of the electrocatalytic CO oxidation. The full model consists of four coupled, nonlinear ordinary differential equations. The scanned and stationary current/outer potential (I/U) behavior, stationary current oscillations, two-parameter bifurcation diagrams and stirring effects are simulated using realistic model parameters. The numerical findings are found to be consistent with the experimental results given by Strasser et al. The model reproduces period-1 as well as mixed-mode oscillations. Furthermore, a mechanistic analysis of the model was performed : two suboscillators are identified whose characteristics allow a plausible interpretation of the observed dynamics. After a classification of the suboscillators into previously described categories, an attempt is made to identify the minimal mechanistic requirements for electrochemical current oscillations.