2032H323Q00061_SOW_CorpBondRatingsLicense.pdf
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- Attached to
- Corporate Bond Ratings License Federal contract opportunity
- Solicitation number
- 2032H323Q00061
About this file
This statement of work outlines requirements for a corporate bond ratings license to support the Treasury Department's production of yield curves. The contractor must provide a license for using their bond ratings obtained from a third-party data provider in daily price files, both current and historical, covering all bonds included. The license would enable delivery of the ratings data in the price files daily online over a one-year base period and four optional one-year extensions. The contractor must communicate the existence of the license to the third party so their ratings are included. Support requirements include documentation, contacting the third party if needed, and a telephone support line available on business days. Compliance with Section 508 accessibility standards is required. The related federal contract opportunity is for the Treasury Department's Internal Revenue Service for this corporate bond ratings license under solicitation number 2032H323Q00061.
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2032H323Q00061 Page 1 of 3
STATEMENT OF WORK
CORPORATE BOND RATINGS LICENSE
Office of Economic Policy
1. INTRODUCTION
The purpose of this contract is to obtain one of the ratings licenses to be used for the HQM Corporate Bond Yield Curve and related yield curves.
The contractor must provide the license to use the contractor’s bond ratings obtained from a third party.
2. BACKGROUND
The Pension Protection Act of 2006 (PPA) mandates that the Treasury Department produce a corporate bond yield curve. This yield curve is called the High Quality Market (HQM) Corporate Bond Yield Curve. The HQM yield curve pertains to U.S. corporate bonds in the top three qualities AAA, AA, and A. Additional related yield curves using the same methodology are computed in conjunction with the HQM curve, including other corporate bond yield curves and yield curves for Treasury securities.
In order to utilize appropriate bonds for these curves, the Office of Economic Policy follows acceptable market practices and uses the bond credit ratings from major Nationally Recognized Statistical Rating Organizations (NRSROs), including Moody’s and Standard & Poor’s.
Therefore, licenses are purchased from these rating organizations for their ratings. The ratings will be provided in daily price files from a third-party provider.
3. SCOPE
The objective of this contract is to obtain the license for the use of the contractor’s ratings gotten from a third party.
4. SPECIFIC TASKS
Task 1: Provide the license for using the contractor’s ratings obtained from a third party in daily price files. This task is specified in Section 5.
5. LICENSE
5.1. The contractor must provide the license to use the contractor’s ratings in daily price files obtained from a third party during the Period of Performance specified in Section 7. The price files may be current or historical, and may have been supplied by the third party previously.
5.2. The ratings license must cover all bonds that are included in the daily price files.
5.3. The contractor must communicate to the third-party provider of the daily price files the fact that the ratings license exists, so that the provider includes the contractor’s ratings in the price files.
6. DELIVERABLES AND DELIVERY SCHEDULE
The license must enable delivery of the contractor’s ratings in the daily price files every business day.
7. PLACE OF PERFORMANCE
Files will be available online via the Contractor website.
8. PERIOD OF PERFORMANCE
The anticipated period of performance is September 28, 2023 through September 27, 2024, plus four (4) 12-month Option Periods.
9. GOVERNMENT FURNISHED EQUIPMENT AND GOVERNMENT FURNISHED
INFORMATION (GFE/GFI)
N/A
10. WORK HOURS
Online service is available 24 hours a day, 7 days a week.
11. SUPPORT
11.1. The contractor must provide help for any problems or questions in connection with the license, including documentation on the CUSIP numbers if required. If necessary, the contractor must contact any third-party vendor to make sure that the third-party vendor knows about the license and should supply CUSIP numbers.
11.2. The contractor’s support must include a telephone number that is available to be called for help every business day between 9 a.m. ET and 6 p.m. ET. The contractor will make best efforts to help resolve any problem or question within 48 hours from the time that the telephone call alerting the contractor to the problem or question was placed.
12 INSPECTION AND ACCEPTANCE
N/A
13 SECURITY
Information is unclassified and does not require DD Form 250.
14 SECTION 508 COMPLIANCE
This service must meet industry standards to comply with 508 regulations.
File details come from the government source that posted it. Updated .