Global Credit Data and ICC and ITFA Collaboration: Recovery Rate for Loans with Insurance Guarantors
GCD has been working with the International Trade & Forfaiting Association (ITFA), who is spearheading the Basel advocacy in relation to more favorable capital treatment of facilities guaranteed by insurance providers. ITFA represents the rights and interests of banks, financial institutions and service providers involved in trade risk and asset origination and distribution.
GCD has created a report Recovery Rates for facilities backed by insurance companies , which is based on data provided by GCD member banks to date.
GCD is working with several member and non-member banks on the second version of the report.