SOURCES SOUGHT
R -- Asset Backed Security (ABS)
- Notice Date
- 11/30/2009
- Notice Type
- Sources Sought
- NAICS
- 519190
— All Other Information Services
- Contracting Office
- Department of the Treasury, Departmental Offices/Procurement Services Division (DO/PSD), Procurement Services Division (PSD), 1425 New York Avenue, Suite 2100, Washington, District of Columbia, 20220
- ZIP Code
- 20220
- Solicitation Number
- TOFS-10-S-0005
- Archive Date
- 12/22/2009
- Point of Contact
- Angela Chiu, Phone: 202.435.5789, Patrick K. Breen, Phone: 202.622.0248
- E-Mail Address
-
angela.chiu@do.treas.gov, Patrick.Breen@do.treas.gov
(angela.chiu@do.treas.gov, Patrick.Breen@do.treas.gov)
- Small Business Set-Aside
- N/A
- Description
- This is a sources sought notice. This announcement is for market research and preliminary planning purposes. No proposals are being requested or accepted in response to this notice. THIS IS NOT A SOLICITATION FOR PROPOSALS AND NO CONTRACT WILL BE AWARDED AS A RESULT OF THIS NOTICE. No reimbursement will be made for any costs associated with providing information in response to this notice or any follow up information requests. The U.S. Department of Treasury, Office of Financial Stability (OFS) is responsible for the management and administration of the Troubled Assets Relief Program (TARP) which was established under the Emergency Economic Stabilization Act of 2008 (Act). The purpose of the Act is to provide the Secretary of the Treasury (Secretary) with the authorities and facilities to restore liquidity and stability to the financial system of the United States. OFS requires access to a data source for Asset Backed Security (ABS) data and a cash flow model engine. The purpose of this subscription is to provide ABS data and cash flow modeling to calculate the value of Treasury investments in Special Purpose Vehicles (SPVs) that are part of the Term Asset-Backed Security Loan Facility (TALF) and Public Private Investment Program (PPIP). In order to complete a fair and effective valuation of investments in SPVs, Treasury must be able to project future cash flows of the ABS purchased by the SPVs. The valuations of the Treasury investments in the SPVs are required by the Federal Credit Reform Act of 1990 (FCRA). The related financial model application must be Microsoft Windows based and must allow Treasury to: 1. Use the internet to access data. 2. Use the financial model application to import portfolio of deals and create cash flows based on the imported portfolio of deals. The imported portfolio of deals must be able to handle all of the following: o Multiple scenarios for each deal o User defined assumptions such as prepayments, defaults, loss/recovery rates, triggers, interest rates, etc. The output cash flows must be exportable to Excel. The output cash flows must be detailed to the scenario and deal level. The user must be able to simultaneously export the cash flows for all scenarios at the scenario and deal level. 3. Access all structured finance deals in the specified libraries. 4. Produce, view, and export deal cash flows for entire portfolios. 5. Control model inputs and assumptions such as prepayments, defaults, oss/recovery rates, triggers, interest rates, etc. 6. Run analysis for individual deals and for Treasury defined portfolios. 7. Store user defined assumptions, portfolio of deals, etc. to allow the cash flow models to be run in an automated manner. 8. Produce cash flows for deals. All structural features must be accurately modeled, including split-loan structures, loss allocations, triggers, prepayment penalty allocations, and interest-rate hedges. 9. Use a Term Asset Backed Security Loan Facility (TALF) specific model that incorporates: o TALF financing interest rate/spread o TALF financing haircut o TALF financing term o TALF purchase price 10. Have licensed access for five simultaneous users who are staff or contractors for the U.S. Department of Treasury. 11. Be compatible with Treasury's existing information technology infrastructure, principally with Microsoft Office 2007 products. 12. For the base year and each option year of the contract, Treasury must have the additional option, at the sole discretion of Treasury, to purchase any combination of the following two services: a. An internet based application that parallel processes data (parallel processing is faster and because it via the internet, the processing is performed on the software provider's computer network, not Treasury's) b. A desktop application that incorporates a VBA or C interface c. Both (a) and (b) The subscription for financial data must include: 1. Data, in the form of a flat file containing historical performance data for substantially all U.S. originated RMBS, CMBS, and ABS deal libraries. The historical performance data must comprise at least 17,000 deals. 2. The non-agency RMBS, CMBS, and ABS libraries must comprise at least 10,000 U.S. issued structured finance deals (excluding agency RMBS). The Agency RMBS deal library must consist of at least 7,000 U.S. issued agency RMBS deals. 3. The deal libraries must include substantially all U.S. issued deals and may exclude foreign issued deals. 4. Deals must contain, where available, loan-level collateral, and be updated at least quarterly with the latest performance information. 5. The CMBS deal library must cover substantially all active CMBS deals. 6. The ABS deal library must cover substantially all active ABS deals. Specifically the ABS library must include home equity, manufactured housing, credit card, automobile, equipment, student loan, and other related sector deals (such a small business deals and dealer floor plan deals). 7. The RMBS deal library has two components, agency RMBS and non-agency RMBS. The agency RMBS deal library must cover substantially all U.S. issued agency RMBS. The non-agency RMBS library must include substantially all U.S. issued non-agency RMBS, whole loan-backed Collateralized Mortgage Obligation (CMO), Real Estate Mortgage Investment Conduits (REMICs). 8. For the base year and each option year of the contract, Treasury must have the additional option, at the sole discretion of Treasury, to purchase either: i) the above defined historical performance data and deal libraries excluding U.S. issued Agency RMBS deals, or ii) the above defined historical performance data and deal libraries including the U.S. issued Agency RMBS deals. The purpose of this notice is to gain knowledge of potential interest and capabilities and qualifications of prospective offerors for this requirement. Treasury is particularly interested in understanding the capabilities and qualifications of interested small business concerns, including woman and minority-owned small businesses, and services-disabled veteran-owned small businesses (SDVOSB). The North American Industrial Classification System (NAICS) code for this acquisition is 519190. The small business size standard, based upon the NAICS code, is $7,000,000. Interested vendors are requested to provide a written response to this notice which shall be limited to three pages. The response should include the following: 1. Vendor's name and address, point of contact, phone number, and e-mail address; 2. Vendor's small business size status, including whether the vendor is a woman-owned, minority-owned, hubzone or SDVOSB; 3. Whether the vendor is interested in working as a prime contractor or a subcontractor, or anticipates significant teaming arrangements; 4. A description of the vendor's capabilities to meet all of the required services using a COTS product; 5. The number of U.S. structured finance deals in each library; 6. The date range of the U.S. structured finance deals in each library; and 7. An estimated price for the required services in the following table: Product Description Annual Fee Residential Agency CMO/REMIC Deal Model Library Residential Whole Loan CMO/REMIC Deal Model Library ABS Home Equity Deal Model Library ABS Manufactured Housing Deal Model Library ABS Auto Deal Model Library ABS Credit Card Deal Model Library ABS Equipment Deal Model Library ABS Student Loan Deal Model Library ABS Other Deal Model Library Commercial Mortgage Backed Securities Deal Model Library Historical Performance Data Five Licensed Users for Internet Model Five Licensed Users for Desktop Model using VBA for Excel or C Total Annual Cost Interested prospective offerors shall respond to this sources sought notice no later than December 7, 2009. Responses shall be sent via e-mail to Angela Chiu AND Patrick Breen at the following email addresses - Angela.chiu@do.treas.gov AND Patrick.breen@do.treas.gov. Telephone inquires shall be considered non-responsive. All information in response to this notice must be sent via-email.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/TREAS/DOPSD/PSD/TOFS-10-S-0005/listing.html)
- Place of Performance
- Address: Washington, District of Columbia, United States
- Record
- SN02013053-W 20091202/091130234842-5b846de7f7642200ce7dffffb64f6f76 (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
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