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PECDC
PECDC (now renamed as GCD) was formed in December 2004 as a credit data pooling initiative primarily designed to assist member banks’ completion of Basel II preparations in their pursuit of Advanced Status for AIRB. Initially it was formed as a loose affiliation of 13 original member banks. PECDC now has the largest commercial loan loss and recovery dataset in existence. Membership has grown from the original base of 13 to a membership of 42 banks at May 2014 and the geographic coverage of the PECDC databases, originally limited to Europe, have been extended to banks in Africa, Australia and North America. In December 2008 PECDC was incorporated as a private not-for-profit legal association, domiciled in The Netherlands under Dutch law.〔(PECDC about us page ) Retrieved 2012-10-24〕 ==Role== The role of PECDC is to provide members with an additional credit data collection, analysis and research resource as well as to contribute to a better understanding of credit risk, as put forward in the Articles of Association.〔10/12/2008 (Articles of Association ) Retrieved 2012-10-24〕
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