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RDB Enterprise Default Ratio (RDB EDR)

RDB Enterprise Default Ratio (RDB EDR) is a brand new economic indicator provided every month. It is one-year default rate for borrowers observed in pool data of RDB, collected by financial institutions throughout Japan.

Investigation objects

65 financial institutions including shareholders of RDB (May 2012 present)

Surveying methods

Obligors' credit information will be sent online from the member banks and RDB will count and make up. The data sent are all anonymous, and name identifications are processed using our unique proprietary technology.

Definition of default

A default is considered to have occurred with regard to a particular obligor when either or both of the two following events have taken place.
・Each member banks consider that the obligor is likely to be bankruptcy and classify them as "Hatan Kenen Saki".
・The obligor is past due more than 3 months on any credit obligation to the banking group.

Calculating Method

The value of default numbers divided by non-default numbers of the past 12 months including the reference month will be the RDB Enterprise Default Ratio.
The RDB EDR is not statement of facts or recommendations to purchase, hold or sell any securities or make any investment decisions. While the RDB EDR is provided with accuracy based on reliable sources, RDB does not guarantee the accuracy of any information. RDB EDR may be modified retrospectively without notice for the convenience of data-collecting. RDB has exclusive proprietary rights in the information including ratings and all related documents. You may not copy, translate, or rework the data or information without prior consent.