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VALUATION AND MODEL MANAGEMENT SYSTEM


  • Solicitation Number: RFI 18-0057
  • Issue Date: Aug 31,2017
  • Closing Date: Oct 06,2017

CLOSING DATE AND TIME: OCTOBER 6, 2017 @ 5:00 PM EST

International Finance Corporation (IFC) invites interested parties to respond to a Request for Information (RFI) for a VALUATION & MODEL MANAGEMENT (VM) PLATFORM. This RFI is issued for obtaining information about vendor capabilities for platforms that can handle centralized and integrated Valuation and Model Management functions for a large and sophisticated international organization. The objective is to allow the IFC to refine its requirements and to better understand what is currently available in the commercial market place. 

RFI Issuance Date

31st August, 2017

RFI Clarification Date

15th September, 2017

RFI Clarification Response

22nd September, 2017

RFI Response from vendors, Due Date

6th October, 2017

Internal Response Review Period

20th October, 2017

Invite for Presentation

20th October, 2017

Background:

IFC's principal products are loans and equity investments as well as a wide range of hybrid (quasi-equity) instruments, client risk intermediation products and a growing guarantee portfolio. In addition to investing on its own account, it leverages its own resources through mobilization of third party capital, capital market development and partnerships with private sector institutional players and has developed an extensive debt and equity mobilization program. Importantly, it invests only in emerging markets. Complete list of IFC Products, Services and Annual Report are available on IFC Web Site

Risk management functions in IFC are consolidated under the IFC Risk & Financial Sustainability Vice-Presidency to provide for an independent, consistent and integrated framework for risk management. This function covers risks arising from investment, advisory, new products, treasury and portfolio management activities. The IFC Corporate Risk Committee, a sub-committee of the Management Group, provides a focused forum for approval of investments within the authorizations set by the Board, and for reporting risk related issues in both the financial and non-financial space.

Project Overview:

The overall purpose of this RFI is to conduct market research for an integrated enterprise information technology platform to be utilized by the Investment Valuation (CRMVA) unit, that manages the portfolios of equity, option, and loan valuations for both IFC and Asset Management Company (AMC), a subsidiary of IFC. With increasing size and complexities of the portfolios, there is significant emphasis on enhancing portfolio management and its valuations.

The primary system for valuations in IFC is the Equity Portfolio Management System – Valuation Module (EPMS-VM) and is made available to the users on the Citrix platform.  This system was developed internally within IFC and launched in October 2002 to value equities and its embedded options.  EPMS-VM has evolved into capturing financial models, stand-alone options, listed/unlisted, ownership %, liquidity, and private equity funds.   

Currently, the financial models, such as Discounted Cash Flow, are distributed to Investment Officers (IOs) using VB .NET forms within EPMS-VM.  The effort to update existing forms or introduce new financial models is slow and costly.  The business would like to have a Model Management Platform whereby new financial models can be introduced or updated in a timely and efficient manner and published for IOs consumption.  Additionally, the new platform shall have a version control feature for historical and audit purposes.   CRMVA would like for the valuation system to engage the IOs with a user-friendly front-end design; display the list of the companies in the IO’s portfolio and prompting for the necessary valuation inputs. 

The solicitation may be obtained by sending an email to the designated Contact Person, referencing the following information:

1.   Solicitation Number

2.   Company Name

3.   Contact Person Name and Title

4.   Address

5.   Telephone Number

6.   Fax Number

7.   Contact's Email Address

A copy of the solicitation will be sent to organizations that have replied to and are eligible to receive this advertisement. All requests and questions regarding this solicitation shall be directed to:

Raman Hari Kumar @ Rkumar18@worldbankgroup.org

The WBG reserves the right to publicly disclose contract award information, including but not limited to, name of company receiving the award, brief description of services, and contract award amount, for any contract award valued over US$250,000.  Offeror's proposal and contractual documents will remain confidential and therefore not subject to disclosure. 

The World Bank reserves the right to reject any or all responses without recourse.