With the maturity of digital technology, we have ushered in a brand-new digital era. In this era, digital information technology is widely used in all aspects of people's lives, promoting the continuous development and changes of society. At the same time, in the familiar field of letter of guarantee, electronic letter of guarantee, a brand-new product, has emerged in line with the development of the times. So what is an electronic guarantee?
What is the definition of electronic guarantee?
Electronic letter of guarantee is a legally effective guarantee certificate issued by the guarantor to the beneficiary through computer network with CA certificate as the medium and electronic signature data message as the carrier.
Generally speaking, the electronic guarantee is issued by the guarantor to the guarantor through the computer network. For the purpose of providing guarantee to the guaranteed, the guarantor uses CA certificate to electronically sign the data message, and through the media of computer network, an electronic credit certificate with legal effect is issued for the beneficiary.
Is there a difference between electronic guarantee and paper guarantee?
Electronic letter of guarantee is the product of the information age. Like a paper letter of guarantee, it is an electronic guarantee certificate issued by a bank, an insurance company, a guarantee company or other guarantors to the beneficiary at the request of the insured, so as to ensure that the guarantor will perform certain payment or economic compensation responsibilities for the applicant in a certain amount and within a certain period of time when the applicant fails to fulfill his responsibilities or obligations as agreed by both parties.
What are the advantages of electronic guarantee?
Electronic letter of guarantee is a tool for e-commerce or credit service. Related businesses must abide by the Civil Code of People's Republic of China (PRC) and relevant laws and regulations of e-commerce, and follow the technical standards and specifications of digital signature system and digital certificate of PKI system.
The electronic guarantee with electronic signature of the guarantee institution issued by the enterprise digital certificate of the guarantee institution as the beneficiary can ensure the authenticity, anti-counterfeiting, non-tampering and non-repudiation of the electronic guarantee, which has the same legal effect as the paper guarantee, and can be filed with a third party electronic guarantee, which has the advantages of high efficiency, rapidity, confidentiality, low cost and reliability in the whole life cycle.