Securities and Lending
Closed Solicitation Posted
- Solicitation number
- 16PBGC21R0015
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 523930 Investment Advice
- PSC
- R710 Support- Management: Financial
- Place of performance
- United States
Notice details come from SAM.gov. Updated .
About this opportunity
The Pension Benefit Guaranty Corporation seeks to procure securities lending benchmarking services to compare the performance of its custodian agents to industry peers on a quarterly and annual basis. The contractor will also review cash reinvestment funds, provide market commentary and up to 10 hours of annual ad hoc advice. Proposals are due by July 29, 2021 and the base period of performance is from November 2021 through November 2022 with four optional one-year extensions. Pricing shall be provided for the benchmarking, ad hoc advice and optional briefings delivered in-person or remotely.
There is no set-aside designated for this procurement. The NAICS code is 523999 for securities and commodity contracts intermediation and brokerage and the PSC code is R499 for other financial services. The place of performance is within the United States. Pricing shall be provided for annual and quarterly benchmarking reports, with ad hoc advice and optional briefings to PBGC staff delivered either in-person or remotely. The base period of performance is 12 months with the option for an additional four one-year extensions.
Notice text
2 versions
Update #2 · Latest ·
The purpose of this amendment is to post the Questions and Answsers that were submitted.
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PBGC seeks to procure a hybrid contract to provide securities level benchmarking services for the Custodian Agent Lending Program and the securities lending associated with commingled funds that participate in securities lending. The securities lending benchmarking service provider will benchmark lending performance metrics (utilization, return on assets lent, and income at an individual asset level and at a summary level), review cash collateral reinvestment funds, assess overall program performance and risk and update the PBGC on current market events and regulations. Benchmarking will be provided in a summary report and discussion which is expected to take place on a quarterly and annual basis. The service provider will also include attendance for PBGC staff at securities lending conferences, seminars and webinars offered by the service provider that are relevant to institutional asset owners. Service may include ad hoc advice (typically consisting of 5-10 hours annually) and briefings to senior level management such as the PBGC Board of Directors or Advisory Committee of the PBGC (this has not been utilized/required historically and is expected to be required in rare instances).
Update #1 ·
PBGC seeks to procure a hybrid contract to provide securities level benchmarking services for the Custodian Agent Lending Program and the securities lending associated with commingled funds that participate in securities lending. The securities lending benchmarking service provider will benchmark lending performance metrics (utilization, return on assets lent, and income at an individual asset level and at a summary level), review cash collateral reinvestment funds, assess overall program performance and risk and update the PBGC on current market events and regulations. Benchmarking will be provided in a summary report and discussion which is expected to take place on a quarterly and annual basis. The service provider will also include attendance for PBGC staff at securities lending conferences, seminars and webinars offered by the service provider that are relevant to institutional asset owners. Service may include ad hoc advice (typically consisting of 5-10 hours annually) and briefings to senior level management such as the PBGC Board of Directors or Advisory Committee of the PBGC (this has not been utilized/required historically and is expected to be required in rare instances).
Attachments
| File | Type | Posted |
|---|---|---|
| 16PBGC21R0015.pdf |
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