Shared loan networks
Matching borrowers across fund filings reveals how many funds hold the same loans and how distress at one borrower spreads across lenders.
GRA · Private Credit
Spatial financeWhere capital meets hazard, exposure and transition
Network science and contagion for private credit
Network science maps the links between private credit funds, banks, insurers, sponsors and borrowers. On this platform it shows shared loans, common lenders and funding dependencies through which stress could travel.
01تۆمارکردن
Network science and contagion for private credit on the record.
Method recordSTEM method
- ڕێگازانستی تۆڕ و سەرایەت
- Applied inPrivate Credit
- داتا3 inputs
- Checks3 validation steps
- Canonical pageSTEM Commons
02بەکارهێنان
What network science and contagion does here.
Network science and contagion study how the structure of connections among entities shapes the spread of failures, information and disease. It provides tools to analyse interdependent infrastructure, supply chains and financial سیستەمەکان. In capital markets and investment and financial stability, network science identifies critical nodes and pathways through which shocks propagate across sectors. It informs targeted protection and diversification to limit cascades. The canonical description is on the STEM Commons.
Funding dependencies
Bank facilities to funds and insurer allocations to managers are mapped to show which institutions finance which parts of the market.
Stress propagation
Simulated borrower defaults are traced through fund leverage and investor links to estimate second-round effects on banks and insurers.
03Stress test
How a shock to assets becomes a system loss.
The equity the system loses after interbank contagion, against the initial hit, as leverage, interconnection and recovery rates change, the core of a macroprudential تاقیکردنەوەی فشاری. Teaching model with stated illustrative values, not a prediction.
کۆنترۆڵەکان
- Fall in external assets
- 2.0%
- Leverage (assets over equity)
- 10 times
- Interbank share of assets
- 10%
- Recovery on interbank claims
- 40%
- Banks in the system
- 20
- Core banks
- 20% of banks
خوێندنەوەکان
- Equity lost to the initial shock
- 18.0%
- Equity lost after contagion
- 45.0%
- Added by contagion (DebtRank)
- 27.0 points
- Banks in default
- 0
ژمارە، ڕێگا و سەرچاوەکان
| Round | System equity lost (%) | Banks in default |
|---|---|---|
| 0 | 18.00 | 0 |
| 1 | 28.80 | 0 |
| 2 | 35.28 | 0 |
| 3 | 39.17 | 0 |
| 4 | 41.50 | 0 |
| 5 | 42.90 | 0 |
| 6 | 43.74 | 0 |
| 7 | 44.24 | 0 |
| 8 | 44.55 | 0 |
| 9 | 44.73 | 0 |
| 10 | 44.84 | 0 |
| 11 | 44.90 | 0 |
| 12 | 44.94 | 0 |
| 13 | 44.96 | 0 |
| 14 | 44.98 | 0 |
| 15 | 44.99 | 0 |
| 16 | 44.99 | 0 |
| 17 | 45.00 | 0 |
| 18 | 45.00 | 0 |
| 19 | 45.00 | 0 |
| 20 | 45.00 | 0 |
| 21 | 45.00 | 0 |
| 22 | 45.00 | 0 |
| 23 | 45.00 | 0 |
| 24 | 45.00 | 0 |
| 25 | 45.00 | 0 |
| 26 | 45.00 | 0 |
| 27 | 45.00 | 0 |
| 28 | 45.00 | 0 |
| 29 | 45.00 | 0 |
| 30 | 45.00 | 0 |
ڕێگاکان
- DebtRank Battiston and others (2012), Scientific Reports 2:541
- Differential DebtRank Bardoscia and others (2015), PLOS ONE 10
- Contagion in financial networks Gai and Kapadia (2010), Proc. R. Soc. A 466
- Clearing in financial networks Eisenberg and Noe (2001), Management Science 47
- پەنجەی نادڵنیایی (مۆنتی کارلۆی پارامیتەر) Spiegelhalter, Pearson و Short (2011)، Visualising uncertainty about the future، Science 333
- هەستیاریی یەک-یەک (تۆرناد) Saltelli و ئەوانی دیکە (2008)، Global Sensitivity Analysis: The Primer، Wiley
داتا
No observed data enters this model: it runs on the teaching values set by the controls, to be replaced with a programme’s own evidence.
لە ناو شەش کۆڵەکەکەدا، بە سەرپەرشتیی Nexus Consortium
- تاقیکردنەوەکان Labs
- تێدا دروستکراوە Private Credit in Foundry
- تاقیکراوەتەوە لە Private Credit in Universe
- کۆدکراوە لە دارایی، بیمە و ئابووری لە Standards
- بڵاوکراوەتەوە لە Private Credit in Reports
- فێرکراو لە کۆلێژی دارایی و ئابووری لە Academy
04داتا
What the method consumes.
Datasets and records used by network science and contagion on this platform, with the role each plays and the label its values carry. Sources are listed in the source register.
| داتا | ڕۆڵ | ناونیشان |
|---|---|---|
| BDC holdings | Loan links | ئامارە بڵاوکراوەکان |
| Supervisory exposure data | Funding links | ئامارە بڵاوکراوەکان |
| Insurer statutory filings | Investor links | ئامارە بڵاوکراوەکان |
05Exposure, loss and capital
What network science and contagion for private credit means for exposure, loss and capital.
The exposure, loss, scenario and capital views a risk officer, supervisor or ministry of finance would ask for, with the frameworks they report against. Structures follow supervisory and actuarial practice. Values are illustrative: never prices, ratings or advice.
Transmission channels
How a shock in network science and contagion for private credit reaches credit, market, underwriting, liquidity and operational risk, and feeds back.
NGFS climate scenarios · Network for Greening the Financial SystemIFRS S2 Climate-related Disclosures · ISSBTCFD recommendations · Financial Stability Board TCFDPrinciples for the effective management of climate-related financial risks · Basel Committee on Banking Supervision
06پشتڕاستکردنەوە
How results are checked.
Models are checked by reproducing observed cascades and outbreaks. Robustness of results to missing or uncertain links is tested.
| بپشکنە | How it is done |
|---|---|
| Entity matching | Borrower and fund names are matched with documented rules |
| Coverage stated | Unobserved parts of the network are acknowledged |
| Scenario realism | Simulated shocks reflect plausible events |
Network data are often incomplete or confidential. Static network models may miss adaptive behaviour during cascades.
07Connections
Topics that rely on this method.
08Stewardship
Who maintains the method.
زانستی سیستەمەکان و مۆدێلسازی stewards network science and contagion for the Consortium and reviews how it is applied across platforms.
09پەیوەست
ئەو شوێنانەی ئەم لاپەڕەیە لە ناو کۆنسۆرتیۆم بۆیان دەبات.
10پرسیارەکان
پرسیار و وەڵام.
What are the limits of network science and contagion in this field?
Network data are often incomplete or confidential. Static network models may miss adaptive behaviour during cascades.
How are results checked?
Models are checked by reproducing observed cascades and outbreaks. Robustness of results to missing or uncertain links is tested.
Are the values on this page real?
The data names, roles and checks are real descriptions of practice. The canvas shows a design of the method’s use, not a run; no result is reported here.
Where else is this method applied?
ئەو canonical method page lists every platform that applies it.
Reportsبەشداربە
لەم لاپەڕەیەوە بەڵگە پێشکەش بکە.
Reports is the Consortium’s quarterly publication. What you know about this subject can become evidence, a case or a correction in the next edition, credited to you and published under CC BY 4.0 where it is your own work.
Global Risks AlliancePrivate Creditئامادەیی دارایی و بیمەسیناریۆ و تاقیکردنەوەی گوشار
- ئیمەیڵGateway GW-GRAلەم لاپەڕەیەوە بینێرەبەڵگە، ڕاستکردنەوە، بابەت، ڕێگا، پێداچوونەوە، وەرگێڕان یان تێکردنی پڕۆفایل. بە نیشانەی ئەم لاپەڕەیە دەگات، بۆ ئەوەی دەستکاریکەری خاوەنەکەی وەریبگرێت.
- Zenodoتەکیەی کراوەدایبنێ و بیدە بە کۆمەڵگاتۆماری خۆت لە Zenodo بە ORCID iD ی خۆت بڵاو بکەرەوە، پاشان لەوێ بیدە بە کۆمەڵگای Reports. سەرپەرشتیارەکان پێداچوونەوەی بۆ دەکەن؛ DOI هەر هی تۆیە.
- ReportsGlobal Risks Allianceهەموو ڕێگاکانی بەشداری ببینەجۆرەکانی بەشداری، هەریەکە چۆن پێداچوونەوەی بۆ دەکرێت، چ ناوبردنێک وەردەگریت، مۆڵەتەکە و ئەوەی هەرگیز وەرناگیرێت.
هەرگیز داتای کەسی، وردەکاریی هەستیاری ژێرخان یان هیچ شتێک مەنێرە کە مافی بڵاوکردنەوەت نییە. بەشدارییەک پێش بەکارهێنان پێداچوونەوەی بۆ دەکرێت؛ ناردنی ماف نابەخشێت بە نووسەرایەتی یان بەڕێوەبردنی ڕاگەیاندن، و پاڵپشتی دارایی هەرگیز دۆزینەوەیەک ناکڕێت.
Private Credit
Bring an exposure or capital question to the Alliance.
زانیاری و پرسیار ئەمڕۆ کراوەن. پرسیارێک ژمارەی ئاماژەی پێدەدرێت و هەنگاوی دواتر دیاری دەکات؛ داواکاری، پارەدان، تەرخانکردنی کۆمپیوتەر و تۆمارکردن تەنیا کاتێک دەکرێنەوە کە تیم، مەرج و توانای پێداچوونەوەیان هەبێت.
یاسایی
بەڵگەنامە یاساییەکان.
نەخشە، داتا و وێنەکانی ئەم ماڵپەڕە بۆ ناوەڕۆک و زانیاریی گشتی پیشان دراون. ئامۆژگاری، پێشبینی یان ئاگادارکردنەوە نین؛ سنوورەکانی زانیارییەکە لە ڕەتکردنەوەی بەرپرسیارێتی و ئاگاداریی داتادا دەستنیشان کراون.