Note: Descriptions are shown in the official language in which they were submitted.
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Repayment processing method and system
Technical Field
[0001] The present invention relates to the field of financial technology, and
more particularly to a
method and system for repayment.
Background Technology
[0002] Traditional lending generally refers to a way in which funds are lent
to the debtor to
receive fixed income, mainly including bank lending and private lending. When
the
borrower initiates the settlement requirement and the lender intends to lend
to the borrower,
the two parties shall reach a loan transaction by oral or written agreement.
If the borrower
repays the loan according to the agreed term, the lender receives the loan
principal and
interest if the borrower fails to repay as per agreed term, its recovery
period will be
extended without limitation. The advantage of traditional borrowing is that
there is a fixed
income, but because of the lack of financial guarantee and regulatory
mechanisms,
especially in private lending activities, the repayment period is extended
indefinitely, or the
direct lender is difficult to recover the loan frequently, resulting in the
proliferation of
borrowing default, and the lender's loan funds are not safeguarded.
[0003] Thus, there is a need for an improved loan repayment approach at this
stage to increase the
borrower's default costs and reduce the risk of loan funds, making lending
transactions
safer.
Technical problem
[0004] The technical problem to be solved by the present invention is to
provide a loan repayment
method and system to increase the default cost of the First Participant and
reduce the risk
of the loan fund.
Problem solving solution
Technical solutions
[0005] The technical solution of the present invention to solve the above-
mentioned technical
problems is as follows:
[0006] According to another aspect of this invention, there is a network
payment method based on
the same Funds-Management servers, and the method is comprised by following
steps:
[0007] After receiving the partial repayment of the First Participant within
the pre-set repayment
period, the part of the frozen funds corresponding to the unfreezing of the
Bank Credit
Certificate shall be unfrozen according to the repayment amount;
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[0008] If the remaining repayment is not received after the pre-set requesting
payment period, the
remaining frozen funds corresponding to the Bank Credit Certificate are
allocated to the
fund management account and the default record of the First Participant is
synchronized to
the fund management credit system;
[0009] Among them, the Bank Credit Certificate is the Second Participant to
its account funds or
credit limit as a deposit to the Funds-Management server and by the Funds-
Management
server to open the electronic commitment payment certificate.
[0010] According to an aspect of the present invention, there is provided a
loan repayment system
for use in a Funds-Management server comprising the following modules:
[0011] The receiving module is arranged to receive the repayment of the First
Participant;
[0012] The repayment processing module is arranged to receive the part of the
repayment of the
First Participant in the pre-set repayment period after the partial repayment,
according to
the amount of repayment of Bank Credit Certificate corresponding part of the
frozen funds;
[0013] The default processing module is configured to: if the remaining
repayments are not
received after the preset repayment deadline, allocate the remaining frozen
funds
corresponding to the Bank Credit Certificate to the funds management account
synchronizes the default record of the First Participant to the funds
management credit
information system; [0014] The Bank Credit Certificate is the Second
Participant to its
account funds or credit limit as a deposit to the Funds-Management server and
by the
Funds-Management server to open the electronic commitment payment certificate.
The beneficial effect of the invention
Beneficial effect
[0015] According to the present invention, there is provided a loan processing
method and a
system, which carries out a borrowing transaction by introducing a Bank Credit
Certificate
guarantee, and if the First Participant fails to repay the money, the freezing
money
corresponding to the credit certificate is allocated to the fund management
account, and the
Second Participant shall bear the loss of the loan. While synchronizing the
default record of
the First Participant to the funds management credit system and entering the
credit stain,
thereby increasing the default costs of the First Participant and reducing the
risk of the loan
funds, making the loan transaction safer.
A brief description of the drawings
Brief Description
[0016] Figure 1 is a flow chart of a loan repayment processing method provided
by an example of
the present invention;
[0017] Figure 2 is a flow chart of another method of repayment processing
provided by an
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example of the present invention.
[0018] Figure 3 is a block diagram of a loan repayment system provided in an
example of the
present invention.
[0019] Figure 4 is a block diagram of another loan repayment system provided
in an example of
the present invention.
Examples of the Invention
Implementation pattern of the present invention
[0020] To make the technical problems, technical solutions and advantages more
apparent and
clear, the present invention will be described in further detail with
reference to the
accompanying drawings and examples. It is to be understood that the specific
examples
described herein are merely illustrative of the invention and are not intended
to limit the
invention.
[0021] In the present invention, the First Participant is the borrower. The
Second Participant is an
individual or organization that intends to initiate a loan intention with the
First Participant,
but has secured a guarantee in the actual lending transaction. A fund
management
institution is a financial institution that supports capital flows and
transactions and acts as a
lender in a loan transaction. Among them, the Bank Credit Certificate is the
Second
Participant to its account funds or credit limit as a deposit to the Funds-
Management server
and by the Funds-Management server to open the electronic commitment payment
certificate. The Bank Credit Certificate is the financial management
institution promised to
pay in accordance with the conditions of settlement and payment of electronic
credit
credentials. The Bank Credit Certificate is a financial management institution
credit
commitment to pay an Internet innovation base financial instruments, mainly
for the
buyer's products, by the seller to download the cashier access interface, by
the buyer to
complete the proof of the certificate, the seller to complete receipt and
compliance,
submitted to the payment, the final letter of credit arrived at the automatic
payment. The
Bank Credit Certificate can not only use for buying goods, can also be used
for mortgage
guarantees. A fund management institution is an institution that can support
capital flows,
including but not limited to banks and other financial institutions (such as
securities
institutions). Correspondingly, the Funds-Management server includes a bank
server or
other financial institution server. The fund management account includes a
bank loan
account or other financial institution loan account. The fund management
credit system
includes the People's Bank credit system or other financial institution credit
system. In the
present invention, the Second Participant is requested to open a bank credit
certificate by
the second participation party as a guarantee for the loan to the other
person. The
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Funds-Management server receives the Bank Credit Certificate of the Second
Participant
who has applied for the same amount as the loan amount. After the license, the
corresponding amount in the Second Participant's account is frozen and the
loan is granted
to the First Participant on the basis of this condition. It should be noted
that the Second
Participant's Bank Credit Certificate is frozen, but the funds are still in
the Second
Participant's account, but the funds are in an unusable state, but does not
affect the Second
Participant's current interest collection during the lock-out period. For
example, the balance
of the second-party account is 300,000, and 200,000 Bank Credit Certificates
are issued
to the Funds-Management server and frozen. However, the Funds-Management
server still
calculates the current interest on the balance of funds of 300,000, or the
Funds-Management server uses 100,000 of the balance of funds to calculate the
Second
Participant current interest, and separate calculation of Bank Credit
Certificate during the
lock-out period of funds current interest.
[0022] Example 1
[0023] As shown in Figure 1, an example of the present invention provides a
repayment
processing method for use in a Funds-Management server-based, which method
comprises
the following steps:
[0024] S101, after receiving the First Participant in the pre-set payment
period within the part of
the repayment, according to the amount of money unfrozen Bank Credit
Certificate
corresponding to the part of the frozen funds.
[0025] Specifically, the First Participant, after partial payment at the
agreed loan period, the
Funds-Management server unfreezes the portion of frozen funds corresponding to
the
sliver letter, at the same time, the unfrozen part of the frozen funds and the
corresponding
current interest in the second the participant's account automatically becomes
available.
[0026] Si 02, if the remaining remuneration is not received after the pre-set
requesting payment
period, the remaining frozen funds corresponding to the Bank Credit
Certificate are
allocated to the fund management account and the default record of the First
Participant is
synchronized to the fund management credit reporting system.
[0027] Specifically, within the requesting payment period (for example, one
month), the funds
management institution may, through the Funds-Management server or manually,
remit the
remaining loan to the First Participant, and if the First Participant exceeds
the requesting
payment period (The failure of the requesting payment), the corresponding
funds will be
allocated to the funds management account, to ensure that the funds management
institution loan funds without risk, by the Second Participant to bear the
loss of loans back.
While the First Participant's default record is synchronized to the fund
management credit
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system, by entering the credit for the First Participant, so that the First
Participant can not
use the credit limit.
[0028] In the method of repayment according to the example of the present
invention, the
borrowing transaction is carried out by the introduction of the Bank Credit
Certificate, and
the First Participant allocates the frozen funds to the fund management
account if it is less
than the repayment, the Second Participant are responsible for recovering
losses from
loans. While synchronizing the default record of the First Participant to the
funds
management credit system and entering the credit stain, thereby increasing the
default costs
of the First Participant and reducing the risk of the loan funds, making the
loan transaction
safer.
[0029] Example 2
[0030] As shown in Figure 2, an example of the present invention provides a
method of
repayment, which is exemplified by a funds management institution as a bank
and a
Funds-Management server as a bank server. The method comprises the steps of:
[0031] S201, after receiving the First Participant in the pre-set payment
period within the part of
the repayment, according to the amount of money unfrozen Bank Credit
Certificate
corresponding to the part of the frozen funds.
[0032] Among them, the Bank Credit Certificate is the Second Participant to
its account funds or
credit limit as a deposit to the Funds-Management server and by the Funds-
Management
server to open the electronic commitment payment certificate.
[0033] As a preferred option, in order to maximize the interests of the funds
management
institution, the amount of the repayment received includes the total loan
interest and part of
the loan principal. In other words, after deducting loan funds' all loan
interest from
repayment funds, i the repayment principal is obtained (that is, the funds
shall be
unfrozen). Which in part of the repayment, the loan interest will be obtained
at first,
followed by the calculation of the remaining repayment of delay fees; it is
good to the
funds management institutions.
[0034] S202, the remaining party will request the First Participant to make
repayment within the
default requesting payment period.
[0035] Specifically, the bank can manually reminder the First Participant to
pay the remaining
loans, but also through the bank server to conduct all-round reminder the
remaining loans,
such as by one or more of the following combinations of reminder methods: dial-
up notice
First Participant preselected telephone number or a mobile phone, sending an e-
mail
notification to the e-mail pre-set by the First Participant, pushing the
information to the
software program client registered with the First Participant, sending SMS
notification to
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the mobile number pre-set by the First Participant, send a QQ message to the
First
Participant's default QQ number, or send a message to the First Participant's
default Wechat
number.
[0036] S203, if the remaining repayment is received within the pre-set
requesting payment period,
step S204 is executed, otherwise step S205 is executed.
[0037] S204, the remaining frozen funds corresponding to the unfrozen Bank
Credit Certificate
are allocated and the loan interest is allocated in the Second Participant
account and the
fund management account according to the pre-set rule, and step S206 is
executed.
[0038] Specifically, due to the characteristics of the Bank Credit
Certificate, the current interest
during the freezing period is automatically calculated in the Second
Participant account and
becomes available when the frozen funds are de-frozen. And the loan interest
is transferred
by the First Participant to the fund management account at the same time. Of
course, the
Second Participant and the fund management institution can also be another
agreement on
the distribution of loan benefits, in accordance with the agreed way to
conduct
redistribution. When the repayment delay, you can also receive a delay fees
for late
payment of funds allocated.
[0039] S205, allocates the remaining frozen funds corresponding to the bank
credit certificate to
the bank loan account and synchronizes the default record of the First
Participant to the
bank credit system.
[0040] S206, end the process.
[0041] In the present example, if the First Participant keep repayment as
agreement, the Second
Participant and the bank are allocated the loan interest in accordance with
the agreed rules.
If the First Participant does not repay the loan as agreed, the Bank Credit
Certificate will
remain frozen for a fixed term (requesting payment period), remitted by the
bank to the
First Participant, and if the First Participant completes repayment within the
requesting
payment period (bank requesting payment succeeded), the Second Participant and
the bank
according to the agreement to distribute the loan interest; if the First
Participant does not
repay within the requesting payment period (bank requesting payment failure) ,
the
remaining funds of the Bank Credit Certificate will be allocated to the bank
loan account to
protect the interests of banks, the Second Participant shall bear the loss of
loans, while the
First Participant's default records synchronized to the funds management
credit system, by
entering the credit stain for the First Participant, the First Participant can
not use the credit
limit to increase the default cost of the First Participant, thereby reducing
the likelihood of
default of the First Participant and reducing the risk of borrowing money,
making the loan
transaction safer.
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[0042] Example 3
[0043] As shown in Figure 3, an example of the present invention provides a
repayment
processing system for use in a Funds-Management server, which comprises the
following
modules:
[0044] The receiving module 10 is arranged to receive a repayment of the First
Participant.
[0045] In particular, the receiving module 10 may repay part of the First
Participant within the
pre-repayment period.
[0046] The payment processing module 20 is arranged to receive the part of the
repayment of the
First Participant in the pre-set repayment period, and then unfreeze the
partial freezing
funds corresponding to the Bank Credit Certificate according to the repayment
amount.
The Second Participant uses their account funds or credit limit as a deposit
to the
Funds-Management server application and he Funds-Management server opens the
electronic commitment payment certificate.
[0047] Specifically, the First Participant, after partial payment at the
agreed loan period, the
Funds-Management server unfreezes the portion of frozen funds corresponding to
the
sliver letter, at the same time, the unfrozen part of the frozen funds and the
corresponding
current interest in the second the participant's account automatically becomes
available.
[0048] The default processing module 30 is configured to allocate the
remaining frozen funds
corresponding to the bank credit certificate to the fund management account if
the
remaining repayment is not received after exceeding the pre-set requesting
payment period
and synchronize the default record of the First Participant to the fund
management credit
system.
[0049] Specifically, if the First Participant has not made repayment (the
requesting payment fails)
beyond the requesting payment period, the default processing module 30
allocates the
frozen funds corresponding to the credit certificate to the fund management
account and
ensures that the loan fund of the funds management institution is no risk, and
the Second
Participant will bear the loss of the loan. While the First Participant's
default record is
synchronized to the fund management credit system, by recording the First
Participant
remember the credit stain, so that the First Participant can not use the
credit line later
[0050] As a preferred option, the Bank Credit Certificate can still be
unfrozen in order to ensure
that the First Participant repays the remaining payment in the pre-set
requesting payment
period. The repayment processing module 20 is further provided to: if the
remaining
repayment is received within the pre-set requesting payment period, the
remaining frozen
funds corresponding to the Bank Credit Certificate are unfrozen and the Second
Participant
account and the funds management account will be allocated the loan interest
as per the
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pre-set rules.
[0051] Specifically, due to the characteristics of the Bank Credit
Certificate, the current interest
during the freezing period is automatically calculated in the Second
Participant account and
becomes available when the frozen funds are de-frozen. And the loan interest
is transferred
by the First Participant to the fund management account at the same time. Of
course, the
Second Participant and the fund management institution can also be another
agreement on
the distribution of loan benefits, in accordance with the agreed way to
conduct
redistribution. When the repayment delay, you can also receive a delay fees
for late
payment of funds allocated.
[0052] As shown in Figure 4, in some examples, the system also includes a
requesting payment
module 40 configured to urge the First Participant to repay the loan within
the pre-set
requesting payment period.
[0053] Specifically, the requesting payment module 40 may be specifically
configured to perform
requesting payment by any one or more of the following: dialling the First
Participant's
default telephone number or mobile phone, sending e-mail notification to the
First
Participant E-mail, pushing message to the registered software program client
of the First
Participant, sending SMS notification to the present mobile number of the
First Participant,
sending message to the QQ number of the First Participant, or sending message
to the
We,chat number of the First Participant. Of course, the requesting payment
module 40 may
be carried out manually off-line and omitted.
[0054] In the loan repayment system according to the example of the present
invention, the
borrowing transaction is carried out by the introduction of the Bank Credit
Certificate
guarantee, and if the First Participant fails to make repayment as agreed, the
freezing
money corresponding to the Bank Credit Certificate is allocated to the fund
management
account, and the Second Participant responsible for recovering losses from
loans. While
synchronizing the default record of the First Participant to the funds
management credit
system and entering the credit stain, thereby increasing the default costs of
the First
Participant and reducing the risk of the loan funds, making the loan
transaction safer.
[0055] It is to be noted that the technical features of the above-described
method Examples 1 and
2 are applicable in the present system and are not repeated here.
[0056] The general technicians of this field can understand and implement all
or parts of steps in
the above-mentioned examples that can complete the procedure by controlling
relevant
hardware, and the said procedure can be stored in a readable storage media of
a computer
such as ROM/RAM, disk and light disk.
[0057] The preferred examples of the present invention have been described
above with reference
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to the accompanying drawings, which are not to limit the scope of the present
invention. It
will be apparent to those skilled in the field that various modifications,
equivalents, and
improvements may be made without departing from the scope and spirit of the
invention.
Industrial utility
[0058] The present invention provides an intelligent funds lending transaction
system to introduce
a Bank Credit Certificate guarantee for a loan transaction, and if the First
Participant fails
to repay the money as agreed, the corresponding freezing money of the Bank
Credit
Certificate is allocated to the fund management account, and the Second
Participant
assumes the loss of the loan. While the First Participant's default record is
synchronized to
the fund management credit system, by entering the credit stain for the First
Participant, so
that the First Participant can not use the credit limit, it can increase the
First Participant's
default costs, and reduce the likelihood of default of a participant, thereby
reducing the risk
of loan funds, making the loan transaction safer. Therefore, it has industrial
applicability.
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