Introduction to information disclosure and credit record registration - World Credit Organization
Introduction to information disclosure and trace credit record registration
1. Introduction to ICE8000 Information Disclosure
People can disclose information to the World Credit Organization [WCO] for free, applicable standards: "ICE8000 Information Disclosure Standards" (https://www.ice8000.org/aenhw/gc/82.htm).
By disclosing information to third parties, you can increase your own transparency, which in turn increases your credibility.
Information disclosure means that a unit, individual, or region discloses information related to the unit, person, or region to non-specific objects (ie, the public) or to specific objects. Disclosure of information to non-specific objects (ie, the public) is public disclosure, and disclosure of information to specific objects is confidential disclosure. For the information disclosed in secret, the World Credit Organization [WCO], ICE8000 credit institutions and relevant personnel strictly follow the "ICE8000 International Credit Standard System National Secrets, Commercial Secrets, and Personal Privacy Protection Standards" to keep secrets.
Second, Introduction to registration with trace credit records
People can register their trace credit records with the World Credit Organization [WCO] for free, applicable standard: "ICE8000 Trace Credit Record Registration Standard" (https://www.ice8000.org/aenhw/gc/138.htm)
1. Definition of trace credit records
Trace credit records refer to the credit records with the nature of traces that are objectively produced by social subjects due to their interests with others. Trace credit records can indirectly reflect an organization's honesty, willingness to perform, and ability to repay debts.
Credit registration means that one or both parties in an interested relationship abide by the principles of good faith, moral bottom line, and social responsibility bottom line to register trace credit records with the World Credit Organization [WCO].
Interest relationship refers to the direct interest relationship between social subjects, mainly including: investment relationship, employment relationship, membership relationship, donation relationship, customer relationship, creditor's rights and debts relationship, guarantee relationship, etc.
2. The benefits of credit registration
The more trail credit history a person has, generally speaking, the more trustworthy they are.
3. The credit registration procedure is as follows
(1) One of the interested parties registers the trace credit record with the World Credit Organization [WCO], and notifies the other party to review and confirm;
(2) After receiving the review notice, the other party can handle it according to the following situations:
A. If the two parties agree on the obligation of credit registration, the review shall be conducted within two working days. If the two parties have not agreed on the obligation of credit registration, they have the right not to conduct the review.
B. After review, the registration information is found to be inaccurate, the application is rejected and the reasons are explained, and the re-registration is carried out after verification by the registrant.
C. After review, the registration information is considered to be true and confirmed.
(3) After the interest relationship changes, the parties should change the registration in time.