We will make preliminary screening on our customers based on the transaction data, and investigate the admittance enterprises’ operating time, scale, operating conditions, and their downstream customer qualification, etc. through on-the-spot visit. All our customers should submit their personal credit information reports to us for the information check in the national court execution information query system and the enterprise information public system.
The buyer should pay the cash deposit on each completed transaction, or request the seller to pay the cash deposit. The system will send automatic warning information to the customers when the product’s price fluctuation excesses a certain proportion after the payment of cash deposit.
Lending quotas can only be used for purchasing goods on GYIE e-commerce platform which could strictly forbid clients to use the funds in the real operation process. The funds paid by a buyer in transaction process are supervised by strategic cooperative banks of GYIE resulting in both ensurement of the safety of funds and clients' financial gains.
If either the buyer or seller fails to fulfill each party’s duties within the term of the contract, we will take corresponding measures at each stage, such as charging a cash deposit, price warning, pledging warehouse receipts for cash, fund supervision and credit rating, etc., or we will take lawsuit measures and blacklist those customers and their legal persons in our transaction.
The staff, responsible for the functional products in the customer-use platform, should insure this business with losses born by insurance company, and also should issue insurance products for the of insurance company’s insured business to the public through E-finance channels, which can guarantee that the insurance company will not suffer any losses.