Fitch Risk's CreditVantage Announces Launch of European Loan Loss Database.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 27, 2004 CreditVantage is proud to announce the launch of the European Loan Loss Database (ELLD). The ELLD is an inter-bank database containing approximately 3,000 loan observations from 1,100 obligors in Western and Southern Europe Southern Europe or sometimes Mediterranean Europe is a region of the European continent. There is no clear definition of the term which can vary depending on whether geographic, cultural, linguistic or historical factors are taken into account. , Benelux and the Nordic Region. The ELLD contains loan observations compiled from data pooled from major financial institutions in France, Germany, Switzerland and the United Kingdom. The ELLD allows users to analyze many components of commercial loan performance including: credit migration, default rates, loan utilization/exposure at default, loss-given default, time to default and time to resolution, making it a useful source for external default and recovery data required by financial institutions preparing for Basel II compliance. 'The development and launch of the European Loan Loss Database extends our leadership position in the market for loan specific credit data. The addition of the ELLD to our product offerings represents the natural evolution of the product and aims to satisfy the growing appetite for consortium data throughout the European credit community.' David Kelson kel·son n. Variant of keelson. kelson Noun same as keelson , Managing Director, CreditVantage. The ELLD is modeled after CreditVantage's well established North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Loan Loss Database which contains fifteen years of data from over 30 leading financial institutions. About CreditVantage: CreditVantage uses leading technologies and sophisticated quantitative techniques to deliver complete credit risk management solutions. Our quantitative modeling software and specialized data products, combined with our expert qualitative judgment, can help you to optimize your management of credit risk and thrive in today's financial markets. For more information regarding CreditVantage and its solutions, visit the Fitch Risk web site at 'www.fitchrisk.com'. About Fitch Risk: Fitch Risk delivers the best in risk technologies and enterprise risk advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal in the realm of market, credit and operational risk. Fitch Risk is an affiliate of Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. and a subsidiary of Fimalac, S.A., an international business support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services group headquartered in Paris, France. Fitch Risk has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , London and Greenwich, CT. For further information, visit 'www.fitchrisk.com'. |
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