T/BAXY 01-2017 Credit commitment - Basic terminology
T/BAXY 01-2017 Credit commitment - Basic terminology
Basic Information
Scope
Scope: This standard specifies the terms and their concise definitions of basic concepts in the field of credit commitments, and establishes the relationships between different concepts. This standard involves basic terms related to credit commitments, credit commitment activities, credit commitment letters, and credit commitment types. This standard applies to credit commitments, management, scientific research, teaching, and publishing, among other related fields involving credit commitment work; Main technical content: 2. General 2.1 Credit Commitment Refers to a mutual trust-based production and social relationship formed between individuals, units, and commodity transactions. Credibility constitutes the voluntary and repeated interactions between individuals, units, and commodity transactions, and consumers are even willing to pay more to continue this relationship and fulfill their commitments. 2.1.1 Credit (Reference: GB/T 22117-2008) The responsibility assumed by an individual or organization towards others, which is consistent with their corresponding behaviors or actual performance. Note: Responsibility is an external constraint formed by contracts, including laws and local customs. The difference between corresponding behaviors and actual performance lies in the exclusion of objective force majeure. 2.1.2 Integrity The commitment made by an individual or organization towards others, which is consistent with their corresponding behaviors or actual performance. Note: Commitment is a self-constraint formed based on willingness, including values, etc. The main difference between credit and integrity lies in the main source of binding force. 2.1.3 Reputation The historical evaluation of an individual or organization's credit or integrity accumulated in various fields of activity. 2.2 Subjects of Credit Commitment 2.2.1 Credit Committer An individual or organization directly involved in credit commitment activities. 2.2.2 Credit