The Credit Research Initiative (CRI) is a non-profit undertaking under the Asian Institute of Digital Finance (AIDF) of the National University of Singapore. Pioneering the “public good” credit risk measures, the CRI is committed to advancing big data analytics and providing directly useful credit intelligence to academic and professional communities. Our smart data and publications include: • Probability of Default (PD), which is the probability that a borrower will be unable to meet its financial obligation. For more details, please visit http://d.nuscri.org/static/pdf/Probability%20of%20Default%20White%20Paper.pdf. • Actuarial Spread (AS), which is the CDS-equivalent physical par spread based on actuarial value. For more details, please visit http://d.nuscri.org/static/pdf/Actuarial%20Spread%20White%20Paper.pdf. • Corporate Vulnerability Index (CVI), which is an aggregate credit indicator in a region, sector, and/or an economy. For more details, please visit http://d.nuscri.org/static/pdf/CVI%20White%20Paper.pdf. • CRI Systemically Important Financial Institution (CriSIFI), which is a dynamic measure ranking firms according to their systemic risk. For more details, please visit http://d.nuscri.org/static/pdf/CriSIFI%20White%20Paper.pdf. • Publications: Weekly Credit Brief, Semi-Annual Credit Summary, Credit Briefs on SMEs, and Special Reports.