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



This report, which is designed to help banks benchmark their Probability of Default (PD) estimates against industry peers, highlights the conservative nature of banks’ internal PD estimates, with a

ICC members active in trade finance have collected large scale data on the claim and drawing rates of Performance Guarantees (i.e.

GCD Benchmarking Report on IFRS 9 estimates


In 2011, the Basel Committee considered some early data from the International Chamber of Commerce Trade Register, suggesting it did not provide sufficient analytical evidence for reducing the CCF

Upcoming events


GCD and ING bring together leading experts from banks and regulators to discuss on the next challenges on credit risk modelling.


Venue: Scotiabank Centre, 40 King Street W, 2nd Floor, Toronto, ON

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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.