CreditGauge® is a package software that measures the credit risk of credit portfolios . It utilizes the Monte Carlo method to analyze the distribution of loss in conjunction with a credit portfolio (i.e. the Credit VaR).
CreditGauge® was designated by the Regional Banks Association of Japan as a credit risk assessment tool in its project to enhance credit risk management, which started in December 2004 (i.e. the credit risk information total system abbreviated to CRITS) and was updated to the latest version in April 2010. It is also used by all of its 63 member banks
（as of January 1, 2011） as well as other regional banks , financial institutions, and nonfinancial companies.
