Introduction to Credit Registration and Protection
1. Introduction to ICE8000 Credit Registration and Protection
Note: credit protection plays an important role in economic development and social integrity. In order to protect creditor's rights and reduce creditor's rights disputes, promote social integrity, reduce transaction costs, and improve human well-being, the World Credit Organization (WCO) is based on internationally accepted legal principles In accordance with the practice, the World Credit Organization (WCO) has formulated the "ICE8000 Claims Registration and Protection Standard" (https://www.ice8000.org/aenhw/gc/170.htm).
People can use the "ICE8000 Credit Registration and Protection Standards" to register their creditor's rights at ICE8000 credit institutions and obtain a creditor's rights protection certificate to reduce disputes over creditor's rights and use the ICE8000 credit penalty mechanism to protect their own creditor's rights.
II. Conditions for registration of ICE8000 claimsand procedures
1. Requirements for credit registration:
(1) Both the creditor and the debtor are members of the World Credit Organization (WCO);
(2) The debtor authorizes the creditor in writing to hold the "ICE8000 Creditor's Rights Protection Registration Certificate" to view the debtor's trace and credit records;
(3) The debtor promises in writing that from the date of issuance of the "ICE8000 Creditor's Rights Protection Registration Certificate" to the expiration of the "ICE8000 Creditor's Rights Protection Registration Certificate", truthful and comprehensive registration Your own trace credit history;
(4) In the credit file of the debtor, there is no bad credit record (including: no bad formal credit evaluation record, no overdue debt record);
(5) The contract or reason for the creditor-debtor relationship is reasonable and legal;
(6) The creditor and the debtor have clearly agreed in writing: the time limit for repayment, the conditions for repayment, and the method of repayment.
2. Debt registration procedure:
In the first step, the creditor can ask the debtor to provide its own ICE8000 credit report to consider whether the debtor meets the conditions for credit registration and whether it can create a creditor-debt relationship with it;
In the second step, the creditor and the debtor jointly file an application;
In the third step, the ICE8000 credit agency reviews whether it meets the conditions for creditor's rights registration;
The fourth step is to register the creditor's right according to the "ICE8000 Trace Credit Record Registration Standard";
The fifth step is to issue the "ICE8000 Creditor's Rights Protection Registration Certificate" to creditors and debtors.
3. Methods of ICE8000 credit protection
1.The creditor can use the "ICE8000 Creditor's Rights Protection Registration Certificate" to inquire about the debtor's credit evaluation information and trace credit records, so as to gain insight into the debtor's repayment ability.
2. If the debtor defaults, the creditor may entrust ICE8000 credit institutions to investigate the liability for breach of contract in accordance with ICE8000 standards, namely:
(1) According to "ICE8000 International Credit Standard System Internal Complaint Standard" or "ICE8000 International Credit Standard System Public Complaint Standard" or "ICE8000 International Credit Standard System Credit Early Warning Standard" or "ICE8000 International Credit Standard System Internal Exposure Standard" or "ICE8000 International Credit Standard System Internal Exposure Standard" International Credit Standard System Public Exposure Standard" or "ICE8000 International Credit Standard System Joint Exposure Standard" for credit complaints and credit penalties;
(2) In accordance with the "ICE8000 International Credit Standard System International Credit Dispute Arbitration Standard", it is not necessary to submit a written arbitration agreement to apply for arbitration by the International Credit Dispute Arbitration Commission;
(3) In accordance with the "ICE8000 International Credit Standard System International Credit Dispute Trial Standards", apply for trial by the International Moral Court;
(4) If the breacher is a member of the World Credit Organization (WCO), the party concerned still has the right to lodge a complaint in accordance with the "World Credit Organization (WCO) Member Supervision Standards";
(5) In accordance with the laws of the State of Delaware or the laws of the United States, file a lawsuit in the courts of the State of Delaware or the federal court of the United States.
Welcome to reprint, please indicate the source of the reprint World Credit Organization (WCO)