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SECURITIES LIQUIDATION SERVICES


West Virginia, United States
Government : Federal
RFI
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REQUEST FOR INFORMATION (RFI) / SOURCES SOUGHT NOTICE

SECURITIES LIQUIDATION SERVICES



1. INTRODUCTION AND BACKGROUND


Pursuant to FAR 10 "Market Research", this is a Request for Information / Sources Sought Notice (RFI) issued by the Bureau of the Fiscal Service (Fiscal Service) on behalf of the Fiscal Accounting Operations (FAO). The purpose of this RFI is to obtain industry information and identify potential sources that are both capable of and interested in providing the services outlined herein. The information is being sought solely for market research and acquisition planning purposes.


2. BACKGROUND


The mission of Fiscal Service is to promote the financial integrity and operational efficiency of the Federal Government through exceptional accounting, financing, collections, payments, and shared services. When obligations are acquired by the Secretary of the Treasury for the Federal Government or delivered by an executive agency, it is the responsibility of the Secretary to liquidate those items pursuant to 31 USC § 324. Obligations are usually the result of debt or liability collection efforts. Once executive agencies acquire these obligations, they are forwarded to Fiscal Service for processing and transaction.


3. GENERAL SCOPE OF WORK


Fiscal Service has an ongoing requirement for a contractor to provide liquidation services for a variety of securities; domestic and foreign, that could be held at several locations within Treasury. Fiscal Service receives securities on behalf of other Government agencies and is required to liquidate the securities timely with the use of a qualified security broker-dealer in a manner that does not have an impact on the market. The Contractor shall take control of, safe-keep, research, and liquidate the securities for Fiscal Service under a fee-for-service arrangement, taking the commission and fees from the sale amount and depositing the balance of funds into a Fiscal Service controlled account using the standard industry settlement methods. Proceeds from pending sales are to be held in a non-interest bearing account in the name of Fiscal Service until the transaction is completed on the books of the Contractor. Fiscal Service will notify the agency of the date and amount of the sale and ensure that the proper financial reporting has taken place.


4. REQUIRED QUALIFICATIONS


The Contractor, and/or as applicable its subcontractors, shall warrant the fulfillment of each of the following qualifications at all times during the life of their contract so that domestic and/or foreign securities assumed by Fiscal Service can be transferred to the Contractor for safekeeping, liquidating, and the appropriate financial reporting can occur:


• Shall be registered with the Securities and Exchange Commission (SEC) in accordance with the Securities Exchange Act of 1934.
• Shall have a EuroClear account or an equivalent to process foreign securities.
• Shall have the Medallion Signature Guarantee Stamp with a surety limit/coverage of $10 million to handle, safe keep, and liquidate domestic and/or foreign securities transactions up to $100 million.
• Shall have a minimum of five (5) years of experience in both the domestic and foreign securities exchange industry.
• Shall have the regulatory authority and be in compliance with all applicable federal, state, and foreign securities exchanges, laws, and regulations to safe keep, liquidate, and financially report transactions for all domestic and/or foreign securities (i.e. not subject to any enforcement action for violations or pending disclosure events, good standing).
• Key Personnel shall have at least five (5) years of both domestic and foreign securities experience and shall be properly registered with the Financial Industry Regulatory Authority (FINRA) and all applicable Self-Regulatory Organizations (SROs) and State Securities Commission(s).
• Shall have the ability to safe keep securities transferred to them from the Government.
• Shall be a registered member with an active status with all other applicable regulatory authorities for conducting business transaction in as a broker-dealer (i.e. State Security Commissions, etc.) and shall be in compliance with all applicable federal, state, and foreign securities exchanges, laws, and regulations to safe keep, liquidate, and financially report transactions for all domestic and/or foreign securities.


5. EQUAL EMPLOYMENT OPPORTUNITY (EEO) COMPLIANCE


As a key condition of the anticipated engagement, the Contractor would be required to comply with the EEO requirements of FAR 52.222-26 and 52.222-25, stemming from Executive Order 11246 by way of 41 CFR 60. Specifically, the Contractor would be required to have developed and have on file an appropriate affirmative action program with the U.S. Department of Labor.


6. SUBMISSION GUIDELINES


Submissions shall not exceed ten (10) single-sided pages; Time New Roman font; 12 point or larger (or equivalent) including any attachments, brochures, and/or published materials.


Submissions should include sufficient evidence clearly demonstrating a vendor's capability to provide the services while satisfying the requirements outlined in Sections 4 and 5 herein. Responding vendors shall provide a general capabilities statement that includes a description of their standard line(s) of business, information outlining their experience, and technical narrative addressing the specific service requirements/tasks.


In addition to the general capabilities statement and specific technical information, vendors shall provide the following information with their submissions:


• Name and location of company, contact information, DUNS number, and business size along with any specific socioeconomic classification(s);
• Whether or not the company's services are available through an existing Government-wide vehicle, or solely in the open market;


7. DEADLINE FOR RESPONSES


Fiscal Service will consider written vendor responses received by the established deadline; 12:00 PM (ET) on January 14, 2019. Responses must be submitted electronically to the following email address: purchasing@fiscal.treasury.gov. Responding vendors shall reference "RFI-FSA-19-004 Attn: R. Radcliff/ A. Foreman" in the subject line of the email.


8. DISCLAIMERS


This is not a request for proposal/quote and does not imply an obligation on the part of the Government to purchase products/services or to proceed to any request for proposal/quote for such products/services. Further, this request does not obligate the Government to ultimately pursue a particular acquisition strategy. The Government shall not be liable for any costs incurred by vendors in preparing and submitting a response to this RFI. Submission of a response confers no rights upon the responder.


No formal solicitation is available. Requests for additional information and/or a copy of the solicitation will not be considered an affirmative response to this posting. Telephone responses or inquiries to this request will not be accepted.


All responding vendors are advised that responses to this notice, in and of themselves, will in no way be considered for contract award. In the event that a resultant solicitation would ensue, interested parties would be required to respond separately and formally in order to be considered for contract award. Additionally, a determination not to compete the proposed acquisition based upon responses to this request would be at the sole discretion of the Government.


Purchasing Purchasing, Email purchasing@fiscal.treasury.gov - Ryan Radcliff, Email ryan.radcliff@fiscal.treasury.gov

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