First, Pleasant Loan (NYSE: YRD) is an online financial service platform in China, which was launched by CreditEase on 20 12. Yirendai provides credit loan consulting services for China urban white-collar workers through the Internet, big data and other scientific and technological means, and provides financial advisory services for investors through the online platform of Yirendai.
Secondly, credit is everyone's vital social capital. Everyone has credit, which can make themselves and others independent, self-respecting and trusting each other, and realize the value of credit. By establishing, releasing and creating credit value, it will help to reduce the transaction cost of social and economic activities, improve efficiency, help to obtain material capital and social capital needed for development, and create new commercial and social values. Pleasant Loan advocates that Qi Xin should work together to arouse the public's attention and recognition of credit value, so that credit can truly become the carrier of value and promote the development of inclusive finance.
Third, the borrowers of Pleasant Loan lend money to urban white-collar workers with good credit through Pleasant Loan Platform. During the whole platform trading process, the funds are entrusted by Guangfa Bank to ensure the truthfulness, security and transparency of the transaction, and a risk reserve mechanism is set up to protect the interests of investors. Users can check the balance of platform risk reserve through the risk reserve custody report regularly published by official website. Lenders can check the detailed information and service agreements of all borrowers at any time through Yirendai official website. Pleasant loan platform provides a win-win, rising year by year, elite standard and other types of products. Let more people enjoy safe, convenient and high-quality financial services and realize wealth appreciation.
Fourthly, from 2065438 to June 2005, Yirendai and Guangfa Bank reached a P2P fund custody business cooperation. CreditEase Yirendai has opened three types of accounts in Guangfa Bank: transaction fund custody account, risk reserve fund custody account and service fee account. Guangfa Bank comprehensively manages every transaction of users on CreditEase Yirendai platform, effectively isolating users' funds from platform funds.
Fifthly, Guangfa Bank monitors and checks the whole process of CreditEase Pleasant Loan Platform, including user's real-name account opening, contract signing and filing, transaction and contract matching review, transaction fund transfer and risk reserve monitoring. Guangfa Bank will check the matching degree between the loan information and the contract with CreditEase Yiren Loan, and trigger the transfer of funds according to the contract information to ensure the authenticity and security of the transaction. CGB will regularly issue fund custody reports, and users can check the fund custody status at CreditEase Yiren Loan official website.