Posted Date : August 20,2020
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-2519
Government Authority located in Topeka, Kansas; USA based organization looking for expert vendor for financial and investment advisor services.
[A] Budget: Looking for proposal
[B] Scope of Service:
Vendor needs to provide financial and investment advisor services including investment strategy, providing advice on appropriate investment transactions, recommending to the Secretary administrative regulation changes, being responsive to inquiries about investments, and providing periodic investment reporting to the government authority located in Topeka, KS.
(i) those that are performed monthly or near monthly and are included in the base monthly service fee; (ii) those services that are known but the frequency is sporadic or on request and are costed per occurrence; and (iii) those services that are unknown and when approved can be billed based on hourly rates established
1. Monthly Fee tasks include but are not limited to:
a. The FA shall assist the Secretary or the Secretary’s designee, the Deputy Secretary of Finance and Administration (Deputy), in refining the existing debt management policy and developing a revised debt management strategy.
b. The FA will review the projections and assumptions used by KDOT and provide recommendations to assure prudence and reasonableness. The degree of uncertainty concerning these projections should be considered in developing a revised debt management strategy.
c. The FA shall provide real-time monitoring of financial market trends against the SHF debt portfolio and report recommendations relative to improvements.
d. The FA shall assist the Secretary and her or his designee(s) in reviewing refunding or restructuring opportunities presented by investment bankers or independently developing refunding or restructuring opportunities.
e. The FA shall provide as requested written and verbal advice relative to questions and concerns raised by KDOT. The FA should expect that such inquiries occur weekly at a minimum.
f. The FA shall coordinate the timely receipt of all credit rating reports from nationally recognized credit rating agencies pertaining to SHF debt.
g. The FA shall prepare all calendars and sequence of events relating to the issuance of new money Bonds, restructuring, changing mode, the substitution of liquidity providers or similar transactions pertaining to SHF debt.
h. The FA shall independently compute the termination value or cost of multiple swaps and provide KDOT with a meaningful evaluation report upon request and no less frequently than quarterly.
i. The FA shall provide a written recommendation letter regarding each debt management initiative.
2. Per Occurrence tasks include:
a. The FA shall review the current KDOT financing strategy and debt policy and present to the Secretary's designee within 30 days of executing a FA services agreement with KDOT a report addressing provisions that should be included or excluded to update the current debt policy. The report should address the appropriate mix of fixed, variable and synthetic fixed debt and under what circumstances any portion of the existing debt should be refunded. In addition, this requirement will be repeated as required throughout the FA services contract period.
b. Perform a risk analysis regarding all KDOT current swaps to be performed at least quarterly.
c. The FA shall make a recommendation on the size and structure of refunding debt, mode change, liquidity provider substitution, or new money Bonds.
d. Perform GASB Statement No. 53, “Accounting and Financial Reporting for Derivatives”, GASB Statement 64, “Derivative Instruments: Applications of Hedge Accounting Termination Provision” and GASB Statement No. 72, “Fair Value Measurement and Application” testing by July 15 for the Fiscal Year ended June 30.
3. Hourly Rate tasks include:
a. The FA may be called upon to provide additional services upon the issuance of a written task order from the Secretary, or her or his designee
- For more information describe in document.
[C] Eligibility:
- Onshore (USA Organization Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: September 28,2020
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
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Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-2519
Government Authority located in Topeka, Kansas; USA based organization looking for expert vendor for financial and investment advisor services.
[A] Budget: Looking for proposal
[B] Scope of Service:
Vendor needs to provide financial and investment advisor services including investment strategy, providing advice on appropriate investment transactions, recommending to the Secretary administrative regulation changes, being responsive to inquiries about investments, and providing periodic investment reporting to the government authority located in Topeka, KS.
(i) those that are performed monthly or near monthly and are included in the base monthly service fee; (ii) those services that are known but the frequency is sporadic or on request and are costed per occurrence; and (iii) those services that are unknown and when approved can be billed based on hourly rates established
1. Monthly Fee tasks include but are not limited to:
a. The FA shall assist the Secretary or the Secretary’s designee, the Deputy Secretary of Finance and Administration (Deputy), in refining the existing debt management policy and developing a revised debt management strategy.
b. The FA will review the projections and assumptions used by KDOT and provide recommendations to assure prudence and reasonableness. The degree of uncertainty concerning these projections should be considered in developing a revised debt management strategy.
c. The FA shall provide real-time monitoring of financial market trends against the SHF debt portfolio and report recommendations relative to improvements.
d. The FA shall assist the Secretary and her or his designee(s) in reviewing refunding or restructuring opportunities presented by investment bankers or independently developing refunding or restructuring opportunities.
e. The FA shall provide as requested written and verbal advice relative to questions and concerns raised by KDOT. The FA should expect that such inquiries occur weekly at a minimum.
f. The FA shall coordinate the timely receipt of all credit rating reports from nationally recognized credit rating agencies pertaining to SHF debt.
g. The FA shall prepare all calendars and sequence of events relating to the issuance of new money Bonds, restructuring, changing mode, the substitution of liquidity providers or similar transactions pertaining to SHF debt.
h. The FA shall independently compute the termination value or cost of multiple swaps and provide KDOT with a meaningful evaluation report upon request and no less frequently than quarterly.
i. The FA shall provide a written recommendation letter regarding each debt management initiative.
2. Per Occurrence tasks include:
a. The FA shall review the current KDOT financing strategy and debt policy and present to the Secretary's designee within 30 days of executing a FA services agreement with KDOT a report addressing provisions that should be included or excluded to update the current debt policy. The report should address the appropriate mix of fixed, variable and synthetic fixed debt and under what circumstances any portion of the existing debt should be refunded. In addition, this requirement will be repeated as required throughout the FA services contract period.
b. Perform a risk analysis regarding all KDOT current swaps to be performed at least quarterly.
c. The FA shall make a recommendation on the size and structure of refunding debt, mode change, liquidity provider substitution, or new money Bonds.
d. Perform GASB Statement No. 53, “Accounting and Financial Reporting for Derivatives”, GASB Statement 64, “Derivative Instruments: Applications of Hedge Accounting Termination Provision” and GASB Statement No. 72, “Fair Value Measurement and Application” testing by July 15 for the Fiscal Year ended June 30.
3. Hourly Rate tasks include:
a. The FA may be called upon to provide additional services upon the issuance of a written task order from the Secretary, or her or his designee
- For more information describe in document.
[C] Eligibility:
- Onshore (USA Organization Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: September 28,2020
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$