Global Credit Data is a not for profit initiative to help banks to measure their credit risk. It is a registered association owned by its members, who are financial institutions across Europe, Africa, North America, Asia and Australia. Only Basel compliant financial institutions are eligible for membership and only members can give and receive data. Global Credit Data holds the world's largest LGD/EAD database with over 100,000 defaulted facility observations totalling over €200 billion in all Basel Asset Classes Global Credit Data also holds the world's largest database of defaults and PD estimates for large corporates, banks, SMEs and specialised lending for non-retail counterparties Global Credit Data's motto is ‘by banks, for banks’