Outline of CRD Association

Background to the foundation of CRD

CRD (Credit Risk Database) was founded in March 2001 as a membership organization to collect financial and non-financial data, including default information, on small and medium enterprises (SMEs). It began as a voluntary association consisting of 52 credit guarantee corporations in Japan.

The purpose of establishing CRD was to promote the streamlining and efficiency of SME financing by assessing their business conditions based on data and by measuring credit risks related to SME financing.

As the membership and data collection expanded, CRD established its footing as an infrastructure for data on SMEs. In April 2005, it obtained the corporate status of a limited liability intermediate corporation and officially became CRD Association. Also, in June 2009, the status has changed to a general incorporated association from a limited liabilty intermediate corporation, as a result of the enforcement of the act on general incorporated associations and general incorporated foundations.

History

FY1999 Project to develop a database of credit risk information on small and medium enterprises (SMEs) started with the support and cooperation of 52 credit guarantee corporations from across Japan as well as some government-affiliated and private financial institutions.
July 2000 Leading members (five credit guarantee corporations, three government-affiliated financial institutions and three private financial institutions) held meetings regularly to discuss basic concepts and ideas for CRD.
March 2001 CRD Management Council was founded as a non-profit membership organization.
April 2005 CRD Management Council obtained corporate status and become a limited liability intermediate corporation. CRD Management Council renamed itself CRD Association.
June 2009 The status has changed to a general incorporated association from a limited liability intermediate corporation.
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