GCD's Mission is to help banks understand and model credit risks. The comprehensive data pools are collected over a decade and distributed back to members for their own research and modelling.

 

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GCD is a unique data consortium that owns banks internal data for both PD and LGD. GCD’s data pools support the key parameters of banks’ credit risk modelling: Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD).

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GCD’s library gives access to wide variety of publications on risk related topics. Global Credit Data members work together to analyse the data and discuss methodology issues. GCD has published numerous papers and is actively promoting academic research on the data collected.

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Members not only benefit from exclusive rights and access to credit databases and analytics, but also from knowledge and research facilitation possible via the unique industry association.

Through a variety of forums such as workshops, webinars and surveys, GCD is an active industry participant facilitating the discussion in key strategic areas.

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Global Credit Data collects raw data from its members and distributes it back to them for use in their own analysis and modelling. GCD supports its members by providing a flexible high-end tool on the data pool: the GCD Visual Analyzer. Member banks can create dynamic Reference Data Sets and generate instant views on the data.

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PD Subcommittee #3/2020

Dear members of the PD Subcommittee,  We also kindly invite you to our next PD Subcommittee meeting.  Please accept the attached ics-item to save the meeting in your agenda.  The slide deck will be shared before the meeting. Meeting URL: https://globalcreditdata.zoom.us/j/755074318 Meeting ID : 755 074 318 Best regards     Location:Zoom Call Aganda:https://www.globalcreditdata.org/wp-content/uploads/2020/04/gcd_pd_subcommittee_meeting_3_2020.ics https://www.globalcreditdata.org/wp-content/uploads/2020/06/material_pd_subcommittee_april_23rd_2020.pdf https://www.globalcreditdata.org/wp-content/uploads/2020/04/1_minutes_pd_subcommittee_20200423.pdf

Share with Peers: best practices to address Covid-19 Impacts

Online GCD member roundtable: Upgrading of Risk Models, Reduction of Portfolio Risk Exposures and Refining the Pandemic Stress Testing Framework Please register here to get access to login details and to questions shared in advance. Agenda: A - COVID-19 lockdown: is re-opening driving markets now? Pandemic/macro-economic outlook – to date Initial and next government policy responses, supervisory guidance for prudential/accounting metrics (Reg Cap, ECL) Economic and financial transmission mechanisms Dislocation/Recovery for key sectors : Healthcare, Manufacturing, Supply Chain, Trade Finance, Transportation, Aviation, Oil, Retail Trade, Hospitality, Travel, Entertainment   B - KNOWLEDGE ROUNDTABLE: 1. Risk Measurement and Modelling Assumption in Crisis/Re-Opening Context ​Governmental support and defaulted obligors: postponed regulatory compliance? Upgrading of risk models, Re-examination of assumptions built in risk models Down-turn impacts on recovery processes Regulatory guidance to addressing procyclicality during this crisis 2. Banks’ actions on portfolio and balance sheet management Active portfolio and balance-sheet management: selling of underperforming assets Mobilization of collaterals with central banks Restructurings, Additional drawings 3. Refining the pandemic stress testing framework Pandemic scenario: incorporating epidemiology and infection spread assessments, anticipation of shutdown measures Quantify pandemic scenario’s impact on portfolio relevant economic/financial drivers Model conditional rating transition matrices to project impact of economic/financial drivers […]

Implementation challenges of EBA’s Downturn LGD RTS / Guidelines

Global Credit Data organized a closed-door (online) GCD member roundtable on the implementation of the EBA Downturn LGD Guidelines / RTS, with specific questions relevant to international banks with a broad organization, wide geographic reach and multiple business cycles.           

Share with Peers (Asia Pacific): best practices to address Covid-19 Impacts

Online GCD member roundtable: Upgrading of Risk Models, Reduction of Portfolio Risk Exposures and Refining the Pandemic Stress Testing Framework Contact Daniela Thakkar to get access to login details and to questions shared in advance. Agenda: A - COVID-19 lockdown: is re-opening driving markets now? Pandemic/macro-economic outlook – to date Initial and next government policy responses, supervisory guidance for prudential/accounting metrics (Reg Cap, ECL) Economic and financial transmission mechanisms Dislocation/Recovery for key sectors : Healthcare, Manufacturing, Supply Chain, Trade Finance, Transportation, Aviation, Oil, Retail Trade, Hospitality, Travel, Entertainment   B - KNOWLEDGE ROUNDTABLE: 1. Risk Measurement and Modelling Assumption in Crisis/Re-Opening Context ​Governmental support and defaulted obligors: postponed regulatory compliance? Upgrading of risk models, Re-examination of assumptions built in risk models Down-turn impacts on recovery processes Regulatory guidance to addressing procyclicality during this crisis 2. Banks’ actions on portfolio and balance sheet management Active portfolio and balance-sheet management: selling of underperforming assets Mobilization of collaterals with central banks Restructurings, Additional drawings 3. Refining the pandemic stress testing framework Pandemic scenario: incorporating epidemiology and infection spread assessments, anticipation of shutdown measures Quantify pandemic scenario’s impact on portfolio relevant economic/financial drivers Model conditional rating transition matrices to project impact of economic/financial drivers on […]

Business Use Cases of GCD Data: Valuation of Non-Performing Loans

Valuing NPL is the base for portfolio and capital management and requires to project ultimate recoveries using the best available data. The volume of legacy NPL on banks’ balance sheets will be augmented sensitively by the potentially hard recession that may result from the covid19 pandemic. Burkhard Heppe from NPL Markets and Richard Crecel from Global Credit Data will discuss the current situation of NPL buyers and sellers, the need for "bad loans banks" and how valuation platforms and a structured loan loss data collection can help in times of the Covid-19 crisis. Please register here to get further information (material & login details).    /////////////////////////////////////// The topics:  Introduction to NPL Markets and the market for NPL Impact of current crisis on bank loan defaults and recoveries Different valuation types of NPL: hold or sell Using GCD data for NPL valuations Determine a break-even price for selling NPL "Bad banks" - needed to overcome the crisis?  Login: https://globalcreditdata.zoom.us/j/95946679029 Meeting ID: 959 4667 9029 Alternatively by phone: Germany: +49 69 7104 9922 Netherlands: +31 20 794 7345 France: +33 7 5678 4048 Italy: +39 069 480 6488 UK: +44 330 088 5830 Canada: +1 778 907 2071 US: +1 929 436 2866 Australia: +61 […]

LGD Subcommittee Meeting #3/2020

---------- Join Zoom Meeting https://globalcreditdata.zoom.us/j/95530840735 Meeting ID: 955 3084 0735 One tap mobile +19294362866,,95530840735# US (New York) +12532158782,,95530840735# US (Tacoma) Dial by your location         +1 929 436 2866 US (New York)         +1 253 215 8782 US (Tacoma)         +1 301 715 8592 US (Germantown)         +1 312 626 6799 US (Chicago)         +1 346 248 7799 US (Houston)         +1 669 900 6833 US (San Jose) Meeting ID: 955 3084 0735 Find your local number: https://globalcreditdata.zoom.us/u/acBr08L2Cw https://globalcreditdata.zoom.us/j/95530840735 Location:https://globalcreditdata.zoom.us/j/95530840735

Webinar workshop on LGD modelling with GCD data

Get hands on with LGD Modelling using LGD Data: Webinar workshop with FCG on a model building exercise Philip Winckle is joined by modelling expert Thomas Aldheimer from FCG to walk through a joint GCD/FCG exercise in using GCD data to build LGD models.  The modelling work was overseen and instructed by a GCD member working group and used GCD standard definitions to develop a range of models, with a focus on Machine Learning The webinar will be in a workshop format with a focus on modelling methods, details and choices made, as well as detailed outcomes. The event is scheduled on June 16th, 2020 from 3 pm to 5 pm CEST / 9 am to 11 am EST.   On the agenda: Explore just how usable GCD data can be when building forward looking LGD models Comparing drivers observed in the data to those normally used in the industry Explore the additional benefits of using Machine Learning to enhance model predictiveness This workshop will benefit both hands on modellers and model managers as well as people working with credit risk data who want to see how it is used in practice. Please register here. In case of further questions, you […]

General Meeting of Members June 2020

The Board of Global Credit Data hereby gives notice to its members of a General Meeting to be held on 29 June 2020 at 1400 Central European Time. The meeting is to be held electronically, as allowed under Article 32a of the Articles of Association. The business to be discussed at the meeting shall include: Approved Minutes of the General Meeting held in July 2019 Review of the 2019 Annual Report of Activities Approval of the 2019 Financial Statements Release of Directors from Liability Annual Appointment of Auditors for 2020 Approval of 2021 budget including contracts therein Publications of GCD material Election of Board Members Delegates of members wishing to put forward further items for discussion at this meeting are requested to contact the Executive Director (richard.crecel@globalcreditdata.org) as soon as possible.  As per Rules of Associations, the quorum in order to pass resolutions is at least 50% of members attending or voting at the meeting ; with a >50% majority of votes in favour of the resolution.  Members not wishing or able to attend are requested to register their vote in advance. If the above remains as the agenda, then we anticipate a meeting of approximately 2 hours. In case […]

Business Use Cases of GCD data: Valuation of Non-Performing Loans (Part 2)

After a successfull first part on June 12th, 2020 (recording available), we continue with the series of webinars on the business usage of GCD data:  Valuing NPL is the base for portfolio and capital management and requires to project ultimate recoveries using the best available data. The volume of legacy NPL on banks’ balance sheets will be augmented sensitively by the potentially hard recession that may result from the covid19 pandemic. Burkhard Heppe from NPL Markets and Richard Crecel from Global Credit Data will zoom into a real live example on using GCD data in the NPL transaction market.  Please register here to get further information (material & recording).    Agenda: 1. Data and valuation expertise from Global Credit Data & NPL Markets 2. Covid-19 update and impact on bank loans 3. Valuation of illiquid corporate loans using GCD data 4. Challenges for performing and non-performing loans 5. A framework for valuing loans during a crisis     Login information: Meeting URL: https://globalcreditdata.zoom.us/j/97552388808 Meeting ID: 975 5238 8808 International call-in numbers:  Click here    

BP Subcommittee #2/2020

Benchmarking Platform Subcommittee meeting  July 8th 10am EST / 4pm CET Location:Zoom

2020 Survey : Question Refinements Session

GCD would like to launch a industry wide survey. The survey  will  run in July / August 2020. The survey have details on rating models in general, but also to deep dive into pandemic related questions, and how it will influence the modeling world.  This session is set up to refine the questions that will be posted in the survey.  Area Time Link Australia 21 July, 11am (GMT +10) Join Zoom Meeting: Meeting ID: 730 915 7896 Meeting URL: https://globalcreditdata.zoom.us/j/7309157896 Europe/ Africa: 20 July, 1pm (CET/CAT : GMT +2) Join Zoom Meeting Meeting ID: 730 915 7896 Meeting URL: https://globalcreditdata.zoom.us/j/7309157896   America/ Canada 20 July, 10am (GMT -4) Join Microsoft Teams Meeting +32 2 897 75 42   Belgium, Bruxelles/Brussels (Toll) Conference ID: 838 878 187# Dial: US: +1 312 626 6799 or +1 346 248 7799 or +1 669 900 6833 or +1 929 436 2866 or +1 253 215 8782 or +1 301 715 8592 Meeting ID: 730 915 7896   Please peruse the attached questions and join us in the refinement session.   Document :https://www.globalcreditdata.org/library/2020-survey-refinements-session Contact person:Izelle Kirsten Aganda:https://www.globalcreditdata.org/wp-content/uploads/2020/07/survey_questions_for_rating_models_gcd.docx