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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GCD Newsletter – October 2020

by | Oct 20, 2020 | Newsletter, Uncategorized

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October 2020

Dear GCD members,

GCD recently held its annual North American Conference, which took place for the first time in digital format. With over 250 attendees over the two days of the conference, and guest speakers from the Financial Accounting Standards Board (FASB) and American Bankers Association (ABA), the event was a great success, providing vital insights for teams across North America.

We also encourage readers to try out our new interactive data dashboard, which offers  access to GCD data on recovery rates and loss given default (LGD) across various asset classes. Your feedback is important as we continue to improve this experience, so please share any comments you might have.

With huge uncertainty still surrounding the impact of COVID-19 on economies and bank losses, it is also interesting to explore the findings of our Downturn LGD Study, published this month. The study looks at the historical effects of previous downturns on bank credit losses across various debtor types, industries, and regions, with a view to helping banks understand the high-level impacts of a downturn and confirm some stable credit loss drivers. It also provides an insight into how workout strategies can be adapted to optimise recoveries.

I want to thank all our members for participating in our events, surveys, webinars and benchmarks exercises– it is thanks to your input that we are able to continue provide the services and insights we do. It’s mission we have always held close, but also one that increasingly vital as the pandemic continues.

Enjoy your reading – and let us know your views!

Richard Crecel

Executive Director, GCD


GCD’s Executive Director, Richard Crecel, contributed an article to International Banker based on GCD’s recent LGD Report 2020. Exploring the ways in which historical data can be useful in crisis times, the article provides critical insight for banks’ credit risk teams as they adjust their risk models and workout strategies amid the economic downturn.

“Risk models and default/loss-projection frameworks will require major revisions due to the paradigm shift caused by COVID-19, and new drivers specific to the pandemic need to be taken into account and analysed for their roles in the development, past and future, of the pandemic,” he notes.

Read the full article here.



You asked and we responded. Following up on requests from members looking for access to data in a more dynamic and easier-to-use format, GCD has launched a new interactive dashboard for reviewing LGD and recovery rates for Corporates, Banks and Non-Bank Financial Institutions, and Sovereigns, Central Banks and Municipalities.

Publicly available, the dashboards give access to GCD data in a secure way that enables the user to carve out a personalised view of recovery rates and LGD.

Access the interactive dashboard here.

For more information on the interactive dashboard, please contact Nunzia Rainone (nunzia.rainone@globalcreditdata.org).



The Downturn LGD Study 2020 expands on GCD’s recent LGD Report for Large Corporates 2020, revealing that banks might be able to weather the negative downturn effect by adapting their workout strategies and providing them with the relevant historical data to do so.

The report will be published later this week.

For more information on the Downturn LGD Study, please contact Nunzia Rainone (nunzia.rainone@globalcreditdata.org).



Our PD & Rating database enables member banks to benchmark their internal rating models, construction of correlation matrices and long-term default rates against those of their peers. This opens up a range of possibilities, including benchmarking your probability of default (PD) masterscale, identifying macro-economic dependencies in default and migration data, and reducing uncertainty add-ons for lack of data.

The submission cycle will be open for the month of November 2020. Submitting quarterly information from Q4 2019 to Q3 2020 around your borrowers’ PD, internal rating, default events and borrower characteristics (such as industry and asset class) will entitle you to access to the full dataset.

For more information on the PD & Rating Platform, please contact Olivier Plaetevoet (olivier.plaetevoet@globalcreditdata.org) or Izelle Kirsten (izelle.kirsten@globalcreditdata.org).



For the first time, due to COVID-19, GCD held its annual North American Conference in digital format from 9th-10th September, bring together members and guests from across the banking industry to discuss the pressing credit risk issues that banks across North America are facing.

With notable speakers including the Financial Accounting Standards Board (FASB)’s Hal Schroeder and the American Bankers Association (ABA)’s Michael Gullette, Rob Strand, and Freddy Mitchell, the conference epitomised GCD’s dedication to providing valuable and relevant content to its members.

You can access a full summary of the conference, including presentation slides and recordings here.

Sign up for the newsletter here.

For more information on Global Credit Data, please contact: 
Izelle Kirsten – Methodology and Member Executive