Request for Information Scope.pdf

FDIC

Federal Deposit Insurance Corporation Division of Information Technology

Request for Information (RFI)

The Federal Deposit Insurance Corporation (FDIC) is seeking information from vendors regarding modern, commercial solutions capable of supporting two mission-critical business areas: (1) the Division of Finance (DOF) Treasury Operations for fixed-income investment management, and (2) the Division of Resolutions and Receiverships (DRR) for receivership asset management, sales, servicing, and accounting. The purpose of this Request for Information (RFI) is to assist the FDIC in evaluating the marketplace for integrated platforms, associated capabilities, and implementation considerations that may support a unified enterprise solution. If a single commercial off-the-shelf solution is not feasible, respondents may propose division-specific (DOF or DRR) solutions and must describe how separate platforms would integrate securely and effectively to meet FDIC’s operational, governance, and data requirements.

This RFI does not constitute a Request for Proposal (RFP) or a promise to issue an RFP to firms who submit the requested information. This RFI Notice should not be considered a commitment of any kind by the FDIC. Individual correspondence should not be expected in advance of any solicitation announcement, but you may be contacted for additional information as needed. Based on the information provided, the FDIC may or may not invite firms to propose on a future Request for a Proposal (RFP).

The FDIC is not liable for any costs that might be incurred or associated with the preparation of information provided. The FDIC reserves the right to use any and all information submitted by, or obtained from, this RFI in any manner that the FDIC determines is appropriate including, but not limited to, the creation of a competitive solicitation. If responses include business confidential and/or proprietary information, the information must be clearly marked accordingly, and the FDIC will safeguard it appropriately. All responses to the RFI will be protected and properly disposed of after the FDIC has completed its information gathering activities.

As a reminder, this is not an RFP and any response provided will not be considered an offer;

therefore, pricing information, other than that publicly available to any interested potential customer, shall not accompany this RFI.

RFI responses are due by 3:00 PM ET on June 15, 2026. All responses shall be emailed to sfiscus@fdic.gov.

mailto:sfiscus@fdic.gov

1. Purpose and Background

The FDIC maintains stability and public confidence in the nation’s financial system, insuring deposits and resolving failed insured depository institutions in the least costly manner and returning assets efficiently to the private sector.

Division of Finance (DOF) – Treasury Operations

DOF Treasury Operations manages two fixed-income portfolios, the Deposit Insurance Fund (DIF) and the National Liquidation Fund (NLF), funded through assessments and interest earned on U.S. government obligations and agency (GSE) debt securities. Investments are governed by FDIC corporate investment policies under section 13(a) of the Federal Deposit Insurance Act and are executed via Treasury’s Bureau of the Fiscal Service (FedInvest) in Government Account Series (GAS) securities (e.g., bills, notes, bonds, Treasury Inflation-Protected Securities (TIPS), Separate Trading of Registered Interest and Principal of Securities (STRIPS), floating-rate notes), with robust analytics needed for Government Sponsored Enterprise (GSE) debt (credit, prepayment, callability, liquidity).

DOF seeks information on fixed-income investment platforms (front-to-back office) to replace its current system (PORTIA) and to support U.S. Treasury obligations managed via FedInvest, emphasizing modeling, scenario analysis, analytics, reporting, data integration, and operational capabilities suitable for a mission-focused public-sector investor.

Division of Resolutions & Receiverships (DRR)

DRR is responsible for resolving failing institutions and administering receiverships, which includes the intake, valuation, servicing, management, marketing, and disposition of a wide range of asset types (e.g., loans, securities, real estate, receivables, collateral, and other financial assets). These activities require strong governance, data integrity, valuation transparency, operational controls, and auditability to support FDIC’s statutory least-cost resolution mandate and regulatory standards.

DRR is seeking an integrated Asset Management, Servicing, and Sales platform that supports the full lifecycle of receivership assets, from pre-closing data ingestion and valuation through ongoing management, servicing, reporting, and final disposition. Required capabilities include robust asset profile fields, accounting, analytics, dashboards, security, workflow management, and audit trails.

Unified Platform Vision

FDIC prefers a single integrated platform capable of supporting both DOF Treasury Operations’ fixed-income investment activities and DRR’s Asset Management, Servicing, and Sales functions, to maximize consistency, governance, data standardization, and operational efficiency across divisions. If a single commercial off-the-shelf solution is not feasible, respondents may propose division-specific (DOF or DRR) solutions and must explain how separate platforms would integrate securely and effectively to meet FDIC’s enterprise requirements.

2. Scope of Information Requested

FDIC requests information across the capability areas outlined below. For each capability area, please provide responses using the following structure:

• Capability – describe how your solution addresses the specific requirement.

• Limitations / Gaps – identify any known limitations, constraints, or areas not fully addressed.

• Client experience – Describe the type of clients your solution has supported, the scale of those portfolios, and whether your solution is utilized by any other US government clients.

• Additional comments – include any other relevant details or supporting information.

3. Specific Business Tasks/Requirements:

3A. DOF-Treasury Operations: Fixed Income Investments

Front Office: Portfolio Management, Liquidity, Risk, Data & Controls

• Forecast cash flows under various market and operational scenarios (coupon, maturities, reinvestments, laddering, barbell strategies, and diversification; simulate liquidity horizons at 30 days, 60 days, and 180 days).

• Provide real-time analytics at the security, sector, and portfolio levels, including duration (modified, Macaulay, effective), convexity, DV01(Dollar Value of 1), key rate duration, weighted average maturity, weighted average life, and carry to duration.

• Support scenario and benchmarking analytics consistent with industry practice (e.g., Global Investment Performance Standards (GIPS) inputs for performance calculation and presentation).

• Compute portfolio value changes for parallel and non-parallel curve shifts of ±25, ±50, ±75, and ±100 bps; support historical and hypothetical shocks, and term-structure movements.

• Provide Value-at-Risk (VaR) estimates for 10-day and 30-day horizons at 95% and 99% confidence, support back-testing and reporting.

• Provide tools to evaluate optimal investment strategies within policy constraints using inputs such as yield curve dynamics, duration targets, liquidity needs, reinvestment opportunities, income optimization, and economic/market data.

• Provide bond-laddering, barbell or hybrid investment tools aligned with liquidity objectives and maturity limits in corporate policy.

• Support electronic order workflows (if used) and straight-through processing; support Financial Information Exchange (FIX) standards for connectivity; ensure secure connectivity and message governance (session management, recovery).

• Provide position management (Investment Book of Record) with intraday updates; trade capture; reconciliation; exception management; and audit trails.

• Provide data management functionality including security master (Treasuries, TIPS, STRIPS, Floating-Rate Notes (FRNs); agency references for stress testing), pricing, curves, corporate actions, data lineage, and cataloging.

Back Office & Accounting (Fixed Income)

• Support accruals, amortization, accretion, premium/discount handling, and impairments for debt securities; additionally, support AFS/HTM classification and mark-to-market accounting (AFS) consistent with Accounting Standards Codification (ASC) 320, other investment accounting solutions and FDIC’s U.S. GAAP reporting.

• Provide period-close automation, journal entries, subledger/GL exports, and audit support.

Reporting & Analytics

• Provide performance and attribution reporting (absolute/relative; sector and curve effects).

• Provide dashboards for management and analysts, both standard and customizable (Key Performance Indicators (KPIs), liquidity ladders, policy metrics).

• Support regulatory and compliance reports; GIPS-style performance statements where applicable.

Key Fixed-Income Metrics (minimum):

• Yield to Maturity, Yield to Cost, Yield to Call, Current Yield; Bond Equivalent Yield;

Total/Rate of Return; Modified/Macaulay/Effective Duration; Key Rate Duration; DV01;

Carry-to-Duration; Weighted Average Maturity and Weighted Average Life. (Industry standard fixed-income analytics.)

3B. DRR – Asset Management, Servicing, and Sales

Asset Analysis & Valuation

• Automated multi-format data ingestion, data quality checks and normalization.

• Portfolio-level analytics (estimated loss, cash-flow modeling), scenario/sensitivity analysis.

• Integration with third-party valuation data/models; review workflows and audit trails.

• Support for individual asset and pooled/portfolio valuations.

Asset Management & Servicing

• Securities servicing workflows (including Mortgage-Backed Securities); collateral, payment-stream, and counterparty tracking; performance analytics and alerts/dashboards.

• Loan portfolio oversight: borrower and collateral information, performance tracking, analytics, and reporting.

• Receivership intake through final resolution, with status tracking, operational controls, and audit readiness.

• Derivative contracts management (including collateral and counterparty profiles).

• Connectivity to custodians and servicers (data exchange, status, reconciliation).

Asset Disposition & Sales

• Tracking marketing and sales of assets; integration capabilities with auction/sales platforms.

• Document management for internal/external users; post-sale reporting, reconciliation, and audit support.

Receivership Accounting, Controls & Compliance

• Investment/receivership book of record (positions, lifecycle events, cash activity);

transaction capture; reconciliation; exceptions; audit trails.

• Accounting for securities/loans (accruals, amortization/accretion, premium/discount, impairments; mark-to-market or historical cost where applicable), and period-close automation (journal entries, subledger/GL exports).

Reporting & Analytics

• Management dashboards (portfolio composition, performance, KPIs, liquidity ladders, policy metrics, operational status across receiverships) that can be viewed at the receivership level and in aggregate; ad-hoc reporting.

• Performance and attribution reporting where applicable; portfolio-level analytics across asset classes.

4. Technical Requirements

• Identify all deployment models supported by the Solution, including cloud-based (Private, Community, Public, or Hybrid), on-premise, desktop/thick-client, or hosted environment.

• Describe your licensing and/or subscription model for the proposed solution, including the general structure, types of licenses offered, and scalability considerations.

• Provide examples of how your solution has integrated with client systems and environments. Include a general description of the types of systems integrated, integration approaches or methods used, and any relevant considerations related to interoperability, scalability, or data exchange.

• Provide a reference architecture for the Solution, including the underlying technology stack, major components, and any third-party products or services used.

• Provide information on how data is stored, collected, and processed for the Solution.

• Provide Solution scalability metrics and key performance indicators for service level metrics.

• Provide examples of previous data migration approaches from on premise Commercial

Off-The-Shelf (COTS) to the Solution and support for parallel run.

• Describe support for on-premises, hosted, and hybrid deployment options, and provide details on release management and sandbox/User Acceptance Testing environments for the Solution.

• Provide the support service level tiers, response times and resolution times for the Solution.

• Provide project governance, change management, training, timeline, resource plan, and Business-As-Usual (BAU).

5. Questions for Respondents

Security & Compliance

1. If provided as Software as a Service (SaaS), how does your solution meet NIST 800-53 controls and FedRAMP requirements (current authorization or path to authorization)?

Analytics, AI & Advanced Features

2. Do you provide AI-driven or advanced analytics (e.g., anomaly detection, opportunity signals)? Describe governance (explainability, bias controls, model validation, oversight) and any optional AI modules.

DOF – Fixed-Income Specifics

3. Does your platform support TIPS indexation, STRIPS, FRNs, and GAS-specific accounting

(coupon/discount/premium)?

4. What distinguishes your platform for a mission-focused public-sector fixed-income investor prioritizing principal stability, liquidity, governance, and transparency?

5. Which capabilities are standard vs. configurable vs. optional/custom?

6. How do you support analytics and workflow without relying on trading/execution functionality

(given FDIC’s FedInvest and broker-facilitated processes)?

7. What integration architecture do you provide for Bloomberg, Treasury/FedInvest, and enterprise accounting systems?

8. What implementation timeline do you estimate to achieve production readiness for DOF use cases?

DRR – Asset Management & Receivership Specifics

9. How does your platform support the management of assets, liabilities, claims, cash, counterparties and ensure traceability from intake through disposition at the receivership level?

10. How does your platform integrate with third-party valuation data/models, review workflows and support audit trails?

11. How does your platform support tracking asset dispositions/sales, including post-sale reconciliation and reporting?

12. What connectivity to custodians/servicers and FDIC systems (Application Programming Interfaces (APIs), Extract–Transform–Load (ETL), file exchanges, event streams) can your platform support?

13. Does your platform support customized workflows and user-defined fields?

14. What implementation timeline do you estimate to achieve production readiness for DRR asset-management use cases?