PS23-RN-006 - Asset Liability Management (ALM) System

REQUEST FOR PROPOSALS – Asset Liability Management (ALM) System

ABOUT FCC
FCC is Canada’s leading agriculture and food lender, dedicated to the industry that feeds the world. FCC employees are committed to the long-standing success of those who produce and process Canadian food by providing flexible financing, AgExpert business management software, information and knowledge. FCC provides a complement of expertise and services designed to support the complex and evolving needs of food businesses. As a financial Crown corporation, FCC is a stable partner that reinvests profits back into the industry and communities it serves. For more information, visit fcc.ca.

RFP CONTACT

Ronke Niagwan
Procurement Manager
Farm Credit Canada
procurement@fcc.ca

RFP SCOPE
FCC requires a technology solution that enables identification, assessment, control, monitoring, and oversight of interest rate risk banking book (IRRBB). Integral to effective IRRBB / ALM is the system used for risk measurement, forecasting, planning, reporting and analytics. FCC is looking for an industry-leading software solution and partner to enhance our system capabilities to improve strategic and tactical decision-making. It is important that the vendor also has a strong understanding of Canadian IRRBB/ ALM and ongoing advisory services to support FCC in using the system to enable analysis and decision-making. Vendors will play a key role in helping FCC ensure that our management practices continually evolve with industry practices. 
The successful Proponent will provide:  

1. A Solution that must include:

1. A core ALM system to facilitate effective IRRBB / ALM, consistent with best practices in Canadian banking. The core system will allow users to independently configure the system, set/adjust assumptions and parameters, modify reports, and run the model daily. 
2. If required, separate models to predict customer behaviour in response to changes in interest rates 
3. Automated ingestion of data source(s) for assets and liabilities
4. Reports at different levels of granularity

2. End to End implementation of the proposed Solution.
3. Ongoing support including validation, training, procedures and troubleshooting. Support would also include advice to users on how to configure the system and interpret and present results to effectively manage interest rate risks and optimize asset/liability positions.

• All conditions for Proponent participation are included in the RFP documents.
• Duration of Contract:  included in the RFP.
• Options: Not applicable.
• Estimated Quantity of Goods or Services:  Not applicable.
• Timeframe of Delivery of Goods or Services:  Not applicable.

• RFP Release Date:  November 17, 2023
• Proponent Questions Accepted Until:  November 27, 2023 at 2:00PM*
• FCC Response to Proponent Questions Delivered Before:  December 6, 2023 at 5:00PM*
• RFP Closing Date/Time:  December 13, 2023 at 2:00PM*

• This opportunity is covered under the provisions of Chapter 5 (Government Procurement) of the Canadian Free Trade Agreement (CFTA) and Chapter 19 (Government Procurement) of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA).
• FCC is subject to the Official Languages Act (Canada). Proponents may choose to respond to this RFP in their official language of choice (English or French).
• This opportunity notice references a non-binding, competitive RFP, and is not a call for tenders. FCC is not obligated to proceed with the Work described in the RFP Scope and may cancel the RFP at any time. FCC’s procurement process allows for consecutive or concurrent negotiations between FCC and one (1) or multiple Proponents, prior to awarding a Contract.

• This Request for Proposals (RFP), including any attachments and amendments to such RFP, is available for download by the Proponent on MERX. MERX is a Canadian Public Tenders electronic bidding system accessible at https://www.merx.com. It is the sole responsibility of the Proponent to ensure its compatibility with MERX.
• Proponent proposals MUST be submitted electronically through MERX, preferably in a PDF or MS Word file, prior to the RFP Closing Date/Time specified in the RFP. Proposals submitted in other formats, by other methods or through any other means, or after the RFP Closing Date/Time specified in the RFP, may be rejected by FCC.