Algo Credit Data Services
Credit Data Consortium Services is the industry's leading solution for inter-bank credit data, research and analysis services. This solution is the most reliable, accurate and cost-effective way to create robust empirical data sets, and it enables banks to meet business data requirements. This data can be used in support of statistical research and regulatory compliance, including the internal ratings-based (IRB) approach of Basel ll. Algo Credit Data Services leverages Algorithmics' award-winning technology, industry expertise and experience in operating the leading data consortia in the markets today, including the Pan-European Credit Data Consortium (PECDC) and the North American Loan Loss Database (NALLD).
Algo Credit Data Services provides financial institutions with data management and technology solutions to develop, operate and successfully manage a credit data pooling consortium. On behalf of all member financial institutions, Algorithmics manages and executes all steps in the data management process, from establishing the consortium structure and logistics, to data collection (data model design, extraction, validation and transformation), data processing (receiving, authenticating and auditing), data production (normalization, calculation and aggregation), and reporting results to the member institutions.
Data acquired through Algo Credit Data Services can be used in support of statistical research and regulatory compliance, including the internal ratings-based (IRB) approach of Basel ll. Institutions can apply data acquired through Credit Data Consortium Services to Probability of Default (PD) and Loss Given Default (LGD) data pools for all Basel commercial exposure types, including banks, large corporate (LC), Small Medium Enterprises (SME) and all Specialized Lending (SL) sub-types including Project Finance and Commercial Real Estate.
Featured Case Study
Pooling Resources
Members of the Pan-European Credit Data Consortium (PECDC) pool their credit data.