Good Faith Obligation Statement Terms-World Credit Organization

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ICE8000 credit knowledge column
  • 1. "Introduction to ICE8000 Credit Knowledge"
  • 2. "Building an Integrity Unit——ICE8000 Integrity Management"
  • 3. "ICE8000 Credit Investigation, Analysis, Rating"

    • 10.4 Declaration of Good Faith

    In most of the ICE8000 standards, there are the following clauses: "Parties that apply this standard, in the process of applying this standard, should abide by the principle of good faith, moral bottom line, and social responsibility bottom line, and perform and undertake the provisions of this standard. rights and obligations."

    This clause clearly states that the parties applying the ICE8000 standard have the obligation to abide by the principle of good faith, the bottom line of morality, and the bottom line of social responsibility when exercising and assuming the stipulated rights and obligations. It can be called the statement of good faith obligations.

    The main functions of this clause are:

    1. Reduce the specific requirements in the standard.

    Second, as a back-and-forth clause, it prevents untrustworthy people from taking advantage of loopholes due to incomplete standard requirements.

    The above content is excerpted from "Building an Integrity Unit - ICE8000 Integrity Management" (written by Fang Bangjian, free to use, but please indicate the source)