User:Dagongcredit/sandbox

SilkRoadITFin.com

SilkRoadITFin.com is a new model of Internet finance created by Dagong independently.

1. Overview

“SilkRoadITFin.com” is a credit information/service platform built to facilitate the Internet finance in an open, participatory, efficient and secure way. It is supported by the Internet technology and guaranteed by a risk control system under the supervision of credit rating professionals, to ultimately meet the demand for cross-border capital flow of the “Belt and Road” Initiative.

To facilitate cross-border investment in the “Belt and Road” countries, SilkRoadITFin.com developed its digitalized credit rating solution to enable one common database to carry three functional platforms, which preferment whole-process credit management to creditor assets to guide capital flow towards real economy with capability of value creation.

2. Service System

SilkRoadITFin.com can help cross-border investment flourish under the “Belt and Road” Initiative. It has built up a system of “one platform, two major functions, and four categories of products”

(1) One platform: an Internet finance/credit information service platform for the Belt and Road (2) Two major functions: Credit information and credit information-based applications

· Credit Information

SilkRoadITFin.com publishes all information, on both macro and micro levels, needed for cross-border investment, encompassing policies on the state, industry and enterprise levels, cultural conditions, supply and demand in various goods and services, credit rating and credit management. The presentation of such information contains rich info-graphics and illustrations. Its reliability is ensured by Dagong’s analytical solution. It is bilingual in Chinese and English. Its powerful search capability generates good user experience. It is a safe, efficient new carrier of information and facilitator of cross-border capital flow.

· Credit Information-Based Applications

SilkRoadITFin.com is a platform with applications for real-time transactions for investment and fund-raising. It is a leader in Internet finance by making the debtor’s credit risk transparent in a prompt, accurate, quantified, and dynamic way. Creditors and debtors can build their own capital portfolios by utilizing authoritative crediting rating by an independent third-party. Credit rating leads to the setting of the price for capital transactions. A series of digital applications are designed to lay bare the debtor’s credit risk can provide the investors with a wider range of choices in a more open and efficient environment than the offline market.

(3) Four Categories of Products

· Belt and Road information · Whole-process Credit Management · Credit Rating · Loan Products

3. Service Model

SilkRoadITFin.com enables the interconnectivity of the creditor, debtor, auditing agency, rating agency, and depository bank, while in itself remaining an independent intermediary that separates the management of the capital flow and that of information.

Creditor: From the project analyses available on the platform, can search for high quality targets for credit investment and risk sharing, through which to earn due returns.

Debtor: Can use the platform for submitting an application, completing credit rating, publishing the project to be financed, obtaining and repaying loan capital.

Auditing agency: Can audit the rating data of a given project so as to guarantee, according to the professional standard, the comprehensiveness, truthfulness, timeliness and consistence of the data.

Rating agency: Can provide the debtor with credit rating service and issue to it a credit rating report, so that the creditor and the public can be aware of the debtor’s credit risks in its use of proceeds and project progress through the whole process of credit investment.

Depository bank: Financial settlement is up to an independent commercial bank, which manages the accounts of both the creditor and the debtor, and keeps, pays, checks, and monitors their funds according to their mutual contract. The banking service requires real-name accounts, and is responsible for enforcing contractual terms, and for verification and approval of the transaction instructions.

4. Product features

(1) A four-in-one risk control system, namely “public disclosure by the debtor, public supervision by the creditor, monitoring by professional rating agencies and blacklisting”. It places the credit assets in an open market environment by generating information about the Internet finance process.

(2) One Database, Three Platforms consist of one database of credit information and three platforms - one for information and service, the second for credit rating analysis, and the third for credit rating-based management. Market participants provide information about their respective credit status on the service platform. Analysts give ratings to the fund-raising enterprises and projects on the rating platform. Evaluation and risk control specialists conduct project management, process monitoring and management on the rating-based management platform.

(3) Digitalized Credit Rating means, digital technology is given full play to reveal the credit risk of the debtor. Digitalized credit rating is a prerequisite for a functional Internet financial market – so that credit/debt capital can be structured in an open, participatory, efficient and secure environment. Digitalized credit rating operates on the SilkRoadITFin.com’s rating data map and information generation system, a product of credit engineering, with standard data, digital analysis, and matrix applications.

(4) Interest Rate Setting. Guided by credit rating but subject to influence from market supply and demand.

(5) Credit Financing. SilkRoadITFin.com relies entirely on all-round information available for determining the debtor’s solvency, and not necessarily requiring a collateral, pledge or guarantee. Credit record is of critical importance for the debtor to raise funds on a continuous basis.

(6) Comprehensive Credit Management. SilkRoadITFin.com is aimed at building for Internet finance a secure credit environment, with a high reputation in the market. Doing so, it applies credit management on two levels: Reviewing on all participants’ credit standing and tracking down their credit behavior, and monitoring of the debtor’s use of proceeds through the investment process and its debt repayment records.

(7) Security. SilkRoadITFin.com helps creditors seek returns of investment from investing in the real economy. All funds involved are under the administration of third-party banks. It meets all the legal and compliance requirements. It features a well-designed risk control system.

(8) International Applicability. SilkRoadITFin.com adopts Chinese and English as its official languages. It provides information about all the countries covered by the Belt and Road Initiative, regarding politics, humanities, economy and credit rating. It allows for all participants in the real economy to conduct investment/fund-raising. It can serve as an innovative common platform for the developing countries’ to build their bond markets.

Reference：

http://tass.ru/ekonomika/4218698