BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Global Credit Data - ECPv6.15.15//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:Global Credit Data
X-ORIGINAL-URL:https://globalcreditdata.org
X-WR-CALDESC:Events for Global Credit Data
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:Europe/Paris
BEGIN:DAYLIGHT
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
TZNAME:CEST
DTSTART:20190331T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
DTSTART:20191027T010000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
TZNAME:CEST
DTSTART:20200329T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
DTSTART:20201025T010000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
TZNAME:CEST
DTSTART:20210328T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
DTSTART:20211031T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Paris:20201106T144500
DTEND;TZID=Europe/Paris:20201231T000000
DTSTAMP:20261111T193548
CREATED:20201106T125534Z
LAST-MODIFIED:20210927T233213Z
UID:4971-1604673900-1609372800@globalcreditdata.org
SUMMARY:COVID-19 PD & Rating Portal: Submissions Now Open
DESCRIPTION:The global effort to limit the spread of COVID-19 has had a profound effect on the world economy. Banks’ understanding of the pandemic’s impact on PD and ratings is still developing.\nWith the economic impact of the COVID-19 pandemic continually and rapidly evolving\, banks’ credit risk teams need to adjust their models in step. In order to do this\, they need to have the most up-to-date and relevant data to hand. \nTo support the industry in understanding the impact of these events on PD and ratings\, GCD is executing a special COVID-19 run of its PD and Rating Platform.  \nObjective: \nTo give banks’ credit risk teams timely insight into the impact of the COVID-19 pandemic on PD and ratings in relation to their peers. \nDowngrade Ratio and COVID-19 Crisis Scenarios\n \nHow to participate: \n\nContact Izelle Kirsten or Olivier Plaetevoet to register your interest\nSubmit unaggregated data\, including asset class\, country/geographic region\, industry\, rating category and PD for Q4 2019\, Q1 2020\, Q2 2020\, Q3 2020 \n\nWhat you get in return: \n\nAt a time where uncertainty abounds\, this earlier-than-usual run offers participants timely information on the economic impact of the pandemic. This provides critical insights for banks’ credit risk teams\, enabling them to adjust their models based on confidential\, high-quality\, granular and anonymous data. \n\nWith this database\, banks can enhance the backtesting\, calibration and benchmarking of their internal PD models. In addition\, member banks can directly compare their level of calibration and model accuracy with peers to gain further insights into the overall performance of their models. \nSome use cases include: \n\nBenchmark your PD masterscale\nBenchmark your system’s discriminatory power\nIdentify macro-economic dependencies in default and migration data: extract a “systemic factor” from rating migrations or default rates\nBenchmark your asset correlations and long term default rates\nBenchmark your stage allocation / SICR buckets (thresholds for “lifetime PD” movements) under IFRS 9 \nReduce uncertainty add-ons for lack of data\n\nIf you are interested in learning more\, contact Olivier Plaetevoet.  \n \nContact person: \nOlivier Plaetevoet
URL:https://globalcreditdata.org/events/covid-19-pd-rating-portal-submissions-now-open/
END:VEVENT
END:VCALENDAR