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Over 40 contributing banks submit PD data to Credit Benchmark on a regular cadence. Submissions include obligor-level 1-year through-the-cycle (TTC) PDs linked to internal ratings for senior unsecured exposure in the wholesale/commercial book. We work with each contributor during onboarding to map their files into the core data elements needed for processing and validation.

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Submission Process

Contributors deliver updates at least once per month:
1

Prepare Submission

Each delivery contains a current snapshot of risk assessments and the core context needed for consensus calculation:
  • Latest 1-year TTC PD estimates linked to internal ratings
  • Coverage across Corporates, Governments, Funds, and Financials
  • Scope limited to senior unsecured exposure in the commercial/wholesale book
  • Agreed data fields and entity identifiers required for processing
2

Submit Data

Banks deliver through Credit Benchmark’s secure production channels — browser-based CB Secure or automated SFTP. Where needed, CB can connect to a client’s existing secure portal or file transfer process agreed during onboarding.
3

Validation

Submissions undergo automated and manual checks as part of our Data Validation process to ensure data quality and consistency.

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Delivery Options

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Data Collection Scope

Standardized risk measures and entity identifiers to support consensus calculations.
We do not collect sensitive operational details or underlying credit analysis inputs.

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PD Acceptance Criteria

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Entity Concordance

The consensus process begins with entity resolution — ensuring submissions from multiple banks are matched to the same underlying legal entity before any calculations are performed. This is supported by a dedicated team of 25+ specialists combining contributor-supplied identifiers with commercial reference data, public registries, and country-specific databases. The matching process:
  • Prioritises direct identifiers such as LEI and ticker where available
  • Handles naming variations such as “Apple Inc” versus “Apple INC US”
  • Cross-checks multiple reference sources before assigning a match
  • Assigns one CBId per entity for downstream consensus processing
Example: resolving Apple Inc. across four banks
When identifiers are present we align deterministically. When absent, we review names and supporting reference data before resolving to a single CBId. Once entities are resolved, CB assigns its own industry classifications using our Industry Classification methodology.

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Security and Compliance

Credit Benchmark is certified to the following standards:
  • ISO 27001:2022 — Information Security Management System
  • SOC 2 Type 2 — Security, Availability, and Confidentiality controls
  • SOC 2 Type 1 — Security, Availability, and Confidentiality controls
  • ISO 27017 — Cloud Security Controls
For up-to-date information on security controls and regulatory certifications, visit our Security and Compliance page.
Last modified on April 25, 2026