Credit Warning-World Credit Organization
6.4 Credit Warning
Credit early warning is a credit supervision and credit punishment tool designed by the World Credit Organization (WCO) and used by the International Credit Arbitration Commission and the International Moral Court. The applicable standard is: "ICE8000 International Credit Standard System Credit Early Warning Standard" (https: //www.ice8000.org/acnhwaenhw/gc/7.htm).
6.4.1 History of credit warning
Before 2016, credit warnings were widely used by ICE8000 credit institutions, and the World Credit Organization (WCO) found that it was not appropriate for credit warnings to be reviewed by ICE8000 credit institutions.
In 2016, the World Credit Organization (WCO) finally revised the credit warning standards, and changed all the original credit warning information to public complaint information.
The revised credit warning standard has become a credit supervision and credit punishment tool used by the International Credit Arbitration Commission and the International Moral Court.6.4.2 Conditions for issuing credit warning
If the relevant responsible person refuses to perform the effective judgment or ruling of the International Credit Arbitration Commission or the International Moral Court, the relevant party may apply for the release of credit warning information. After receiving the application, the International Credit Arbitration Commission and the International Moral Court shall release credit warning information. Before the credit warning information takes effect, the International Credit Arbitration Commission and the International Moral Court shall try to serve it once to the person whose credit warning has been issued, and give them a chance to object and make corrections. If delivery is unsuccessful, no objection correction period will be granted.
6.4.3 Characteristics of credit warning information
1. After the credit warning information takes effect, it will be publicly disseminated.
Second, compared with internal exposure and public exposure, credit warning is more focused on credit supervision. After the party corrects, the information can be deleted immediately.
The above content is excerpted from "Introduction to ICE8000 Credit Knowledge" (written by Fang Bangjian, free to use, but please indicate the source)