In the Spotlight

Banks recover 75% of defaulted debt owed by large corporate borrowers, finds new Global Credit Data report

Global Credit Data has released its LGD Report 2018


Upcoming events


Global Credit Data's next European conference will be will be hosted by SEB at their new offices and conference centre in Stockholm, near the Friends Arena and Mall of Scandinavi


GCD has a strong position in the United States with the largest US banks being a long-term member and delivering data to GCD’s databases.

GCD LGD Report Large Corporates

First ever report of extensive analytics on LGD data highlights high recovery rate for banks on defaulted debt from large corporate borrowers

In Q4/2017, Global Credit Data conducted a benchmarking study that found significant variation in the credit loss estimates of the 19 participating IFRS 9 banks—all of which used


The long term average LGD levels in this report can be compared to regulatory minima and standardised levels, allowing an industry wide discussion of prudent forward looking LGDs vs historical evidence. Note that the LGDs in this report are cash flow discounted observations of historical outcomes, not forward looking estimates.

Report of the 2017 IFRS 9 Benchmarking study

Does loss given default (LGD) depend on the economic cycle and if so how can it be measured?

Find out more


Members range from global universal banks to specialised and regional institutions, all following Basel definitions.

Data Pooling

Members share data for benchmarking their LGD, EAD and PD models on a "give to get" basis  

Working Groups

Member banks get together to study areas of common interest, e.g. Downturn LGD, Trade Finance and IFRS 9 / CECL impairment modelling.

Data Analysis & Library

Anonymised and controlled raw data is returned to member banks for their own use and analysis. GCD members have access to the library, which includes also a vast amount of analytics on the data.