Attachment A - Statement of Work.pdf

ATTACHMENT A:

STATEMENT OF WORK (SOW)

FOR

Financial Institution, International Counterparty, and Real Estate Sector Data

1.0 BACKGROUND:

The Federal Housing Finance Agency (FHFA) was created by the Housing and Economic Recovery Act of 2008 (HERA) to regulate and supervise Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks (jointly, the “regulated entities”). HERA combined three organizations, the Office of Federal Housing Enterprise Oversight, the Federal Housing Finance Board, and a group from the Department of Housing and Urban Development, which collectively had previously regulated these regulated entities. These institutions play critical roles in supporting our nation’s housing finance system. Fannie Mae and Freddie Mac guarantee mortgage-backed securities (MBS) and hold mortgages and MBS’ for investment. The Federal Home Loan Banks lend money to banks and other financial institutions using mortgages as collateral and also invest in mortgage-related assets. In 2008, FHFA placed Fannie Mae and Freddie Mac in conservatorships, where they remain.

Consistent with its responsibilities to examine and monitor the risks facing the Federal Home Loan Banks (FHLBanks), the Federal Housing Finance Agency (FHFA) uses information relating to the financial condition of financial institutions interacting with those regulated entities. FHFA requires United States and international financial institution data, and real estate data. Additional information on FHFA and its mission can be found at: http://www.fhfa.gov.

2.0 SCOPE:

FHFA requires a commercially available off-the-shelf (COTS) online (i.e. web-based) access to, and the ability to download, financial information including financial data for: domestic financial institutions, international banking counterparties data, and domestic real estate sector. FHFA also requires online access to financial news and research information for the real estate sector and international banking counterparties. The downloaded data and research must be easily obtained through an easy-to-use, online interface, which can be made available to the entirety of FHFA. In the Division of Bank Regulation (DBR), the data will be used in the review of the Federal Home Loan Banks’ (FHLBanks’) monitoring of their members’ (domestic commercial banks, savings institutions, credit unions, and insurance companies) financial strength. The data will also be used to assist in reviewing the regulated entities unsecured credit risk exposures to domestic and international banking counterparties.

3.0 OBJECTIVES:

FHFA seeks to acquire COTS financial data and other related information about institutions doing business with its regulated entities. “Institutions” include commercial banks, savings institutions, insurance companies, and credit unions, and bank holding companies. FHFA will use this information for its own supervisory and regulatory purposes and not for commercial purposes.

FHFA also seeks data and information for the real estate sector including single-family, multifamily, other commercial real estate, and real estate investment trusts.

Additionally, FHFA needs international banking firms’ data to allow FHFA/DBR to independently determine the credit ratings and other indicators of the financial strength for these counterparties.

http://www.fhfa.gov/

Currently, the FHLBanks report to the FHFA their unsecured credit exposure to their counterparties along with the credit ratings of those counterparties. At present, the FHLBanks use more than 40 foreign counterparties.

As a result, FHFA needs the ability to independently analyze the financial condition of foreign counterparties.

FHFA must be able to independently determine the credit ratings and other indicators of the financial strength of all the FHLBanks’ counterparties, whether they are based in the United States or abroad.

FHFA will use this financial institution and real estate sector data for proprietary analysis related to replication of FHLBank’s credit risk rating models, evaluating credit risk during examinations, creating the membership database, creating the unsecured credit report/database and any other ad-hoc projects that may require the use of the service.

4.0 TASKS AND REQUIREMENTS:

4.1 Financial

The Contractor’s data solution should:

• Provide a listing of data elements available. For major regulatory reporting, indicate if all elements from the call report are available rather than individually listing all elements. By example, FFIEC Consolidated Reports of Condition and Income Form 031/041, Thrift Financial Report, NCUA 5300 Call Report, 10-K, 10-Q, 8-K, etc. All call report data for banks, thrifts, and credit unions. This data shall cover both the United States and international banking institutions. In addition, similar data is required for insurance companies operating in the United States.

•At a minimum, the following information combined with regulatory reporting information is required:

Name Address City State Zip Code

MSA

Mailing Address Mailing City Mailing State Mailing Zip Code Charter Type Charter Authority Primary Insurer Date Opened/Year Organized Certificate Number Bank ID Number/ID Number Docket Number Total Assets Holding Company Number Holding Company Name Insurance Regulatory Information System (IRIS) Ratios Regulatory Identifiers such as FDICCERT, NCUA Charter Number, NAIC Company Code Enforcement Action Data Failed Insurance Companies List Company Parent Identifiers

• Include international banks.

• Update data quarterly. Multiple quarters of data should be downloadable in one easily exportable file.

• Make information available in a timely manner after public release of data. For example, research articles, news reports and data from publicly traded companies should be available to FHFA within a reasonable amount of time after release.

• Provide all available historical data for all operating and acquired/defunct institutions (minimum of full business cycle or fifteen years). This shall include financial data from regulatory financial filings as well as data from news or research sources.

• Provide a plug-in to easily use/navigate the data.

• Make the data available for direct querying in a form that would allow users to automatically update from the source whenever changes occur, or, at least, on a regular basis. FHFA will use the data to build and periodically update the internally available dashboards.

• Provide a plug-in to easily use/navigate the data.

• Provide functionality to monitor and set alerts.

4.2 Real Estate

The Contractor's solution shall:

• Provide data and information for the real estate sector including the loan origination for single-family, multifamily, and other commercial real estate loans for each originator.

• Provide data and information for real estate investment trusts.

• Make real estate information available in a timely manner after public release of data. For example, research articles, news reports and data from publicly traded entities should be available to FHFA within a reasonable time after release.

• Provide all available historical data (minimum of ten years). This should include financial data from financial filings as well as data from news or research sources.

• Provide a Microsoft Excel add-in to facilitate ease of data analysis.

4.3 License Ancillary Services and Information

License to the Contractor’s data solution product, at a minimum, must include:

• Access to the product on an FHFA enterprise-wide basis for an unlimited amount of FHFA users.

• Information technology (IT) help-desk support services, through email and/or telephone, at no additional cost beyond the cost of the product license. The support should be comparable to the support it provides to other customers. Help-desk support services include, but are not limited to, troubleshooting errors, login/access issues, questions related to the product (i.e., IT/technical issues), etc. Help-desk support must provide resolution within one (1) business day of receipt of either question or request. Support must be available 9AM to 5PM Eastern Time Monday through Friday (except Federal Holidays and/or days the Contractor has determined as holidays for its employees).

• Subject matter expert/technical support services, through email and/or telephone, at no additional cost beyond the cost of the product license. The support should be comparable to the support it provides to other customers. Subject matter expert/technical support services include, but are not limited to, answering data-specific questions, data validation issues, data updates, etc. Support must provide resolution within one (1) business day of receipt of question or request. Support must be available 9AM to 5PM Eastern Time (ET) Monday through Friday (except Federal Holidays and/or days the Contractor has determined as holidays for its employees).

• Initial set-up and configuration of the data product, if any, on an enterprise-basis (i.e. any overall FHFA-specific account set up).

• Training on the data product for new users through, but not limited to, written and electronic user manuals and interactive training such as conference call, remote slideshow presentations, web-based interactive meeting/test environment webinars, etc. at no additional cost beyond the cost of the data product license. The training should be comparable to the support provided to other customers.

5.0 DELIVERABLES:

The data product shall be delivered to FHFA via an online service accessible to each authorized FHFA user within five (5) calendar days of the award date.

6.0 GOVERNMENT-FURNISHED PROPERTY

Unless otherwise agreed as part of an on-premises solution, FHFA will not furnish government property for the Contractor to fulfill the requirements of this purchase order. However, if the Contractor visits FHFA Headquarters (400 7th Street, SW, Washington, D.C. 20219) for training and related purposes, FHFA may furnish temporary access to desks, chairs, office space, internet access, and other common office furnishings.

7.0 SECURITY

Primarily, the Contractor will not work at FHFA Headquarters. Further, the Contractor may visit FHFA Headquarters for training and related sessions on a temporary basis. In these events, the FHFA Contracting Officer’s Representative (COR) will coordinate visitor access and escorting duties.

8.0 LICENSE AGREEMENT MINIMUM REQUIREMENTS

The license agreement for the data product, at a minimum, must include and/or conform to the following requirements:

• At the termination or expiration of the license agreement, FHFA shall have the right to maintain and use indefinitely print or electronic copies of its reports, presentations, or other content created in accordance with the license agreement;

• Authorized end users may be from multiple divisions across FHFA, and may concurrently access and use the product from their official duty stations or via remote access when such end users are conducting business for the benefit of FHFA;

• FHFA does not permit compliance audits; however, the license agreement may require that FHFA will provide written assurance of its compliance or other alternative agreed to in writing by the Contracting Officer;

• The license agreement shall not include an indemnification of the Contractor by the FHFA;

• The license agreement shall be governed by, and construed in accordance with, the federal laws of the United States of America;

• The Contractor shall represent and warrant that it makes commercially reasonable efforts to ensure that the software, data, or product as applicable is free of any viruses, worms, Trojan horses, malware, and/or other malicious code;

• The license agreement shall not include terms that authorize assignment of the task order except in accordance with Federal Acquisition Regulation Subpart 42.12;

• Contractor shall acknowledge and agree that if there is a conflict between the terms and conditions of the license agreement and those of the task order, the task order governs;

• The license agreement shall permit FHFA to use the data product for official Government purposes, including but not limited to reports, presentations, graphs, public releases, other publications, and examination of the regulated entities; and

• The license agreement may acknowledge that FHFA is a federal government agency and is exempt, by law, from the payment and collection of sales taxes.

9.0 INFORMATION TECHNOLOGY ACCESSIBILITY (SECTION 508)

Section 508 of the Rehabilitation Act, as amended by the Workforce Investment Act of 1998 (P.L. 105-

220) requires that when Federal agencies develop, procure, maintain, or use information and communication technology (ICT), it shall be accessible to people with disabilities. Federal employees and members of the public who have disabilities must have access to, and use of, information and data that is comparable to people without disabilities.

Products, platforms and services delivered as part of this work statement that are ICT, or contain ICT, must conform to the Revised 508 Standards, which are located at 36 C.F.R. § 1194.1 & Apps. A, C & D, and available at https://www.access-board.gov/guidelines-and-standards/communications-and- it/about-the-ict-refresh/final-rule/text-of-the-standards-and-guidelines

E102 / 702.10 – Web Content Accessibility Guidelines (WCAG) success criteria level A & AA are incorporated as a requirement. The referenced WCAG criteria is available at http://www.w3.org/TR/WCAG20/

Applicable Functional Performance Criteria

All functional performance criteria apply when using an alternative design or technology that achieves substantially equivalent or greater accessibility and usability by individuals with disabilities than would be https://www.access-board.gov/guidelines-and-standards/communications-and-it/about-the-ict-refresh/final-rule/text-of-the-standards-and-guidelines https://www.access-board.gov/guidelines-and-standards/communications-and-it/about-the-ict-refresh/final-rule/text-of-the-standards-and-guidelines https://www.access-board.gov/guidelines-and-standards/communications-and-it/about-the-ict-refresh/final-rule/text-of-the-standards-and-guidelines http://www.w3.org/TR/WCAG20/ provided by conformance to one or more of the requirements in Chapters 4-6 of the Revised 508 Standards, or when Chapters 4-6 do not address one or more functions of ICT.

Applicable Requirements for Software and Web Products

Web deliverables/tools and access shall conform to the following standards:

• E207 – WCAG Level A & AA Success Criteria

• E302 – Functional Performance Criteria

• E502 – Interoperability with Assistive Technology

• E503 – Application

Electronic Documents and/or Support Services

All services and deliverables such as reports, training materials, support documentation and plans, shall conform to the following standards:

• E205 – WCAG Level A & AA Success Criteria

• E302 – Functional Performance Criteria

• E602 – Support Documentation

• E603 – Support Services

10.0 PERIOD OF PERFORMANCE

The period of performance will be for one (1) twelve-month base period and four (4) twelve-month option periods beginning 30 September 2025.