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] In view of this, 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 notification for the Second Participant replacing
the First Participant to
make partial repayment within the pre-set loan period, the part of the frozen
funds
corresponding to the Bank Credit Certificate shall be unfreeze according to
the repayment
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amount;
[0008] If receive the remaining repayment of the First Participant within the
dunning period,
unfreezes the corresponding remaining frozen funds of the Bank Credit
Certificate;
[0009] If do not receive the remaining repayment after the pre-set dunning
period, then allocates
the remaining frozen funds corresponding to the Bank Credit Certificate to the
fund
management account;
[0010] 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.
[0011] 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:
[0012] The first repayment processing module is arranged to receive the part
of the repayment of
the Second Participant in lieu of the First Participant within the pre-set
loan period after the
partial repayment, according to the amount of repayment, part of the frozen
funds
corresponding to the Bank Credit Certificate shall be allocated to the funds
management
account;
[0013] The second repayment processing module configured to unfreeze the
remaining frozen
funds corresponding to the Bank Credit Certificate if the remaining repayment
of the First
Participant is received;
[0014] The default processing module is configured to allocate the remaining
frozen funds
corresponding to the Bank Credit Certificate to the fund management account if
the
repayment is not received after exceeding the pre-set dunning period and
synchronize the
default record of the First Participant to the fund management credit system;
[0015] 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 beneficial effect of the invention
Beneficial effect
[0016] In this repayment processing method and system, the introduction of
Bank Credit
Certificate guarantee for lending transactions, can increase the default cost
of the First
Participant, while providing the Second Participant to replace the first part
of the flexible
repayment of the First Participant can increase the repayment of the loan
possibility to
reduce the risk of loan funds, making lending transactions safer.
A brief description of the drawings
Brief Description
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[0017] Figure 1 is a flow chart of a loan repayment processing method provided
by an example of
the present invention;
[0018] Figure 2 is a flow chart of another method of repayment processing
provided by an
example of the present invention.
[0019] Figure 3 is a block diagram of a loan repayment system provided in an
example of the
present invention.
[0020] 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
[0021] 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.
[0022] 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
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includes the People's Bank credit system or other fmancial 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
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.
[0023] Example 1
[0024] 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:
[0025] S101, after receiving the notice for making part of repayment by the
Second Participant in
lieu of the First Participant within the pre-set loan period, according to the
amount of
repayment, part of the frozen funds corresponding to the Bank Credit
Certificate shall be
allocated to the funds management account;
[0026] 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.
[0027] S102, when receive the remaining repayment of the First Participant
within the dunning
period, unfreezes the corresponding remaining frozen funds of the Bank Credit
Certificate.
[0028] Specifically, if the First Participant, after settling all of loan
funds at the agreed dunning
period, the Funds-Management server unfreezes frozen funds corresponding to
the Bank
Credit Certificate, at the same time, the unfrozen remaining frozen funds and
the
corresponding current interest in the Second Participant's account becomes
available.
[0029] S103, if the remaining repayment is not received after the pre-set
dunning period, allocate
the corresponding remaining frozen funds of the Bank Credit Certificate to the
funds
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management account.
[0030] Specifically, within the dunning period (for example, one month), the
funds management
institution may, through the Funds-Management server or manually, remit the
loan to the
First Participant, and if the First Participant exceeds the dunning period
(The failure of the
requesting payment), the corresponding funds will be automatically paid 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.
[0031] In this repayment processing method, the introduction of Bank Credit
Certificate guarantee
for lending transactions, can increase the default cost of the First
Participant, while
providing the Second Participant to replace the first part of the repayment of
the First
Participant can increase the repayment of the loan possibility to reduce the
risk of loan
funds, making lending transactions safer.
[0032] Example 2
[0033] 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:
[0034] S201, determine whether all loan funds and loan interest of the First
Participant within a
preset repayment deadline are received, and if yes, execute step S202;
otherwise, execute
step S204.
[0035] S202, all of the remaining frozen funds of the unfrozen Bank Credit
Certificate are
allocated and the loan interest is allocated in the Second Participant account
and the bank
loan account according to the pre-set rule.
[0036] Specifically, the First Participant, after settling all of loan funds
at the agreed loan period,
the bank server unfreezes all of frozen funds corresponding to the Bank Credit
Certificate,
at the same time, the unfrozen frozen funds and the corresponding current
interest in the
Second Participant's account automatically becomes available. The bank server
will
allocate loan interest on the Second Participant's account and the bank loan
account as per
the preset rule.
[0037] S203, the First Participant synchronizes the loan repayment record to
the bank credit
information system, and increases the credit level of the First Participant,
and then
proceeds to step S213.
[0038] Specifically, in this step, by raising the credit level of the First
Participant, the First
Participant can be motivated to repay actively.
[0039] S204, determine whether a notification that the Second Participant
replaces the partial
repayments of the First Participant within a preset dunning period is
received. If yes,
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execute step S205; otherwise, execute step S207.
[00401 Specifically, the First Participant and Second Participant can reach an
agreement offline
and the Second Participant replaces the first part of the repayment within the
preset
dunning period to provide a more flexible repayment method to relieve the
First
Participant's short-term financial pressure to improve the possibility of
repayment of the
loan.
[0041] S205, according to the repayment amount of Bank Credit Certificate
transfer part of the
corresponding frozen funds to the bank loan account.
[0042] S206, raise the credit level of the Second Participant.
[0043] Specifically, the bank server increases the credit level of the Second
Participant, thereby
encouraging the Second Participant.
[0044] S207, request the First Participant to make repayment within
predetermined dunning
period.
[0045] 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
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
Wechafrm number.
[0046] S208, determine whether a notification is received that the First
Participant has repay the
remaining repayments within the preset dunning period, and if yes, execute
step S209;
otherwise, execute step S211.
[0047] S209, unfreezing the remaining frozen funds corresponding to the Bank
Credit Certificate.
[0048] Specifically, the First Participant, after settling all of loan funds
at the agreed dunning
period, the bank server unfreezes frozen funds corresponding to the Bank
Credit
Certificate, at the same time, the unfrozen remaining frozen funds and the
corresponding
current interest in the Second Participant's account automatically becomes
available.
[0049] S210, assign loan interest, and delay fee within in the dunning period
to the Second
Participant account and the bank loan account according to a pre-set rule, and
proceed to
step S213.
[0050] 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
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becomes available when the frozen funds are de-frozen. And the loan interest
is transferred
by the First Participant to the bank loan account at the same time. Of course,
the Second
Participant and the bank can also be another agreement on the distribution of
loan benefits,
in accordance with the agreed way to conduct redistribution. When deferring
repayments,
delay fee may be charged to increase the default costs of the First
Participant.
[0051] S211, allocate the remaining frozen funds of the Bank Credit
Certificate to the bank loan
account.
[0052] S212, synchronize the default record of the First Participant to the
bank credit system,
reducing the credit rating of the First Participant.
[0053] Specifically, in this step, synchronizes the default record of the
First Participant to the bank
credit system, recording the credit stain of the First Participant and that
the First Participant
fails to use the bank credit limit so as to further increase the default cost
of the First
Participant and reduce the default possibility of the First Participant.
[0054] S213, end the process.
[0055] In the present example, if the First Participant keep repayment as
agreement, the Bank
Credit Certificate applied by the Second Participant will be de-frozen, and
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 (dunning period), remitted by the bank to the
First
Participant through labour or bank server, and if the First Participant
completes repayment
within the dunning period, the Second Participant and the bank according to
the agreement
to distribute the loan interest and delay fee; if the First Participant does
not repay within the
dunning period (bank requesting payment failure) , the remaining funds of the
Bank Credit
Certificate will be allocated to the bank loan account, the Second Participant
shall not ask
for the loss of loans, so as to safeguard the interest of the bank.
[0056] In addition, increasing the delay fee in the dunning period and
reducing the credit level
after the First Participant defaults to make it impossible to use the credit
limit, further
increases the default cost of the First Participant. By synchronizing the
repayment records
of the Second Participant instead of the First Participant to the bank credit
system, the
credit level of the Second Participant is increased, the Second Participant is
encouraged to
voluntarily repay the debts of the First Participant to further improve the
possibility of
repayment success. Moreover, in the case of a default by the First
Participant, the
remaining frozen funds corresponding to the debit and credit card will be
released to the
bank loan account, which will be borne by the Second Participant for the loss
of the loan,
so as to ensure the interests of the bank and make the loan trading safer.
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[0057]
[0058] Example 3
[0059] 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
first
repayment processing module 10, the second repayment processing module 20, and
default
processing module 30.
[0060] The first repayment processing module 10 is arranged to receive the
part of the repayment
of the First Participant in the pre-set loan period after the partial
repayment, according to
the amount of repayment of Bank Credit Certificate corresponding part of the
frozen funds.
[0061] The second repayment processing module 20 configured to unfreeze the
remaining frozen
funds corresponding to the Bank Credit Certificate if the remaining repayment
of the First
Participant is received;
[0062] 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 dunning period
and
synchronize the default record of the First Participant to the fund management
credit
system.
[0063] 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.
[0064] In order to increase the delay cost of the First Participant, delay
fees of extension of
repayment can be increased. The second repayment module is further provided
to: after
the remaining frozen funds corresponding to the Bank Credit Certificate are
thawed and the
Second Participant account and the funds management account will be allocated
the loan
interest and the delay fee in the dunning period as per the pre-set rules.
[0065] 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 deferring repayments, delay fees may also be charged to
increase the
default costs of the First Participant.
[0066] As shown in Figure 4, in some examples, the system further includes a
dunning module 40
and a credit management module 50.
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[0067] The requesting payment module 40, is configure to request the First
Participant to make
repayment within the dunning period.
[0068] 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
Wechat number of the First Participant. Of course, the requesting payment
module 40
may be carried out manually off-line and omitted.
[0069] The credit management module 50 is configured to increase the credit
level of the Second
Participant if the Second Participant receives a partial payment instead of
the First
Participant within a preset dunning period; and / or if the remaining
repayments are not
received after a preset dunning period has expired, the default record of the
First
Participant is synchronized to the fund management credit system, and reduce
the credit
rating of the First Participant.
[0070] Specifically, the credit management module 50 activates the Second
Participant to actively
repay the repayments instead of the First Participant by increasing the credit
level of the
Second Participant. Synchronizing the default record of the First Participant
to the
management credit system, recording the credit stain of the First Participant
and that the
First Participant fails to use the credit limit so as to further increase the
default cost of the
First Participant and reduce the default possibility of the First Participant.
[0071] 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.
[0072] 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.
[0073] The preferred examples of the present invention have been described
above with reference
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
[0074] The present invention provides a smart financial lending and trading
system, the
introduction of Bank Credit Certificate guarantee for lending transactions can
increase the
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cost of default of the First Participant, At the same time, providing the
Second Participant
instead of the First Participant's partial repayment method can alleviate the
short-term
capital pressure of the First Participant and increase the possibility of
repayment success,
so as to reduce the risk of loan funds and make the lending transaction safer.
In addition,
increasing the delay fee in the dunning period and reducing the credit level
after the First
Participant defaults to make it impossible to use the credit limit, further
increases the
default cost of the First Participant. By synchronizing the repayment records
of the Second
Participant instead of the First Participant to the bank credit system, the
credit level of the
Second Participant is increased, the Second Participant is encouraged to
voluntarily repay
the debts of the First Participant to further improve the possibility of
repayment success.
Moreover, in the case of a default by the First Participant, the remaining
frozen funds
corresponding to the debit and credit card will be released to the bank loan
account, which
will be borne by the Second Participant for the loss of the loan, so as to
ensure the interests
of the bank and make the loan trading safer. Therefore, it has industrial
applicability.
