ICE8000 Credit Guarantee FAQ
1. What is a credit guarantee, and what is the difference between it and a guarantee of good faith?
Credit guarantee refers to the guarantee provided by the guarantor to the guaranteed party for the signing of a certain contract or/and the performance of some or all terms of the contract. If the guaranteed party fails to perform the contract, the guarantor shall bear the corresponding legal responsibility according to the guarantee contract . Credit guarantee is a traditional credit service.
Integrity guarantee means that the guarantor provides a guarantee for the guarantor's good faith will (about a certain matter). People undertake credit responsibilities according to the ICE8000 international credit standard system standards, such as: public complaints, public exposure, joint exposure, etc. Integrity guarantee is a new business of ICE8000 international credit standard system innovation.
The guarantor with good faith will only guarantee the true identity and good faith will of the guaranteed party, and does not make any guarantee for the guaranteed party's performance ability and solvency, and does not bear joint legal liability for the guaranteed party's performance ability and debt payment ability .
Second, what are the advantages of "ICE8000 Credit Guarantee Standard"?
Answer: The ICE8000 credit guarantee standard integrates the ICE8000 risk prevention mechanism and dispute resolution mechanism into the credit guarantee service, thus safeguarding the legitimate rights and interests of all parties fairly and achieving the best of both efficiency and risk control.
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