Frequently Asked Questions on Self-discipline and Peer Supervision of the Credit Rating Industry - World Credit Organization
FAQs on self-discipline and peer supervision of the credit evaluation industry
1. In the past, in this column, you could check the filing of practice information, filing of due diligence information, credit counselor, and credit agency information. Where can I check now?
Answer: In order to make it easier for people to check and verify, we have combined all the verification and query columns into one column, click 【Authenticity Verification】.
Second, the standards and methods of the World Credit Organization [WCO] to carry out the self-discipline and peer supervision of the credit rating industry?
| Supervision object | Supervision content
| Supervision Standard
| Legal Basis | Non-Member | Supervise whether non-members conducting credit business have violated the following generally accepted principles of credit evaluation industry practice in their credit business activities: 1. The principle of objectivity and fairness (such as the excessive issuance of integrity certificates and the issuance of false credit evaluation reports are violations of this practice principle); 2. The principle of diligence (such as not working diligently to serve customers during practice is a violation of the practice principle); 3. The principle of not infringing on the legal and legitimate rights and interests of the client (such as infringing on the client's business secrets during practice is a violation of the practice principle); 4. The principle of not infringing on the intellectual property rights of others (such as malicious plagiarism of other people's works is a violation of this practice principle). | World Credit Organization [WCO] Non-Member Oversight Standards 《ICE8000 International Credit Dispute Adjudication Standards》 | The principle of public order and good morals and the principle of good faith in the law | Members authorized by ICE8000 | In addition to the above supervision content, it also supervises whether ICE8000 credit institutions violate the following practice principles in their credit business activities: 1. Practice should be independent, neutral, objective, impartial, strict, rigorous and prudent. 2. Be honest, trustworthy and diligent when practicing. 3. State secrets, commercial secrets, and personal privacy should be protected when practicing. 4. Be honest when practicing, and it is strictly forbidden to ask for or obtain illegal and improper benefits. 5. ICE8000 credit institutions shall compete fairly, strictly abide by the prices stipulated by the World Credit Organization [WCO], and shall not engage in malicious competition through price wars or other improper means to reduce service quality.
| 《ICE8000 International Credit Standard System ICE8000 Credit Institution Self-discipline Standard》 "International Certified Credit Officer Certification and Supervision Standards" "International Credit Manager Certification and Supervision Standards"
International Standards for Certification and Oversight of Credit Administrators
"World Credit Organization [WCO] Member Oversight Standards" 《ICE8000 International Credit Dispute Adjudication Standards》
| The principle of free agreement and the principle of good faith in the law |
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