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Verification for Financial Reporting


  • Solicitation Number: RFP 19-0300
  • Issue Date: Feb 21,2019
  • Closing Date: Mar 05,2019
  • Institution:  IBRD

CLOSING DATE AND TIME:  MARCH 5, 2019 @ 5.00 PM EST

The World Bank (“WB”) is replacing its valuation platform for bonds and derivatives in the capital markets line of business to Numerix Oneview. The Valuation & Analytics team of the WB seeks to augment internal resources to assist the WB team in model verification. The areas in scope for model verification are model testing, model documentation, generation of scenarios and stress results for boundary conditions, compilation and presentation of results.

In the first phase, 10 deal types (Deal IDs) will be migrated and curve construction in 5 currencies will be undertaken. CVA, DVA and FVA (jointly XVA) on the migrated portfolio of trades will be calculated.

The services are required at the WB’s office in Singapore.

The solicitation may be obtained by sending an email to the designated Category Manager, 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 the following designated Corporate Procurement Category Manager(s):

Claudiu P. Danciu at cdanciu@worldbank.org (mailto:cdanciu@worldbank.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.