GCD - a global risk management utility sharing data and knowledge within the financial industry

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Join GCD to take part in our COVID-19 PD data submission cycle: Learn about the impact of COVID-19 on PD and ratings with your peers: portal now open!   

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This Global Credit Data (GCD) study looks into the historical effects of previous downturns on bank credit losses across various debtor types, industries and regions, with a view to helping banks u

Industry standard for benchmarking LGD / First complete account of the losses incurred during the global financial crisis of 2008

Research report by OSIS in cooperation with IACPM and GCD



The D/U ratio is calculated as the count of rating downgrades over the count of rating upgrades for a lender during a specific period.

PRESS RELEASE - October 22, 2020

Latest report from Global Credit Data analyses the impact of economic downturns on loss given default


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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.