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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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Pandemic Aftermath: GCD Data Reveals Decline in US Real Estate Recovery Rates

by | Jul 19, 2024 | 2024, News, Public

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New Report Highlights Impact of COVID-19 on U.S. Commercial Real Estate

Pandemic Aftermath: GCD Data Reveals Decline in US Real Estate Recovery Rates

July 19, 2024 – GCD today announces the release of the "US Real Estate Recovery Rates Report - Sectoral Comparison of COVID-19 Compared to GFC." This comprehensive report examines the recovery rates of the U.S. commercial real estate sector in the wake of the COVID-19 pandemic, providing critical insights into how the sector has been affected compared to the Global Financial Crisis (GFC).

Key findings from the report indicate a decline in recovery rates for defaults during the COVID-19 period, starting in 2020. Overall, the recovery rate for the full period observed is 78%, influenced by defaults during the GFC years.

The office sector has been particularly impacted, with recovery rates dropping below those seen during the GFC. The pandemic-induced shift to remote work has reduced demand for traditional office spaces, leaving many properties vacant and struggling to recover their value.

In contrast, the residential real estate sector has shown resilience, with no significant COVID-19 impact observed.

For more information and to access the full report, please visit here

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