Request for information/market survey: ALM (Asset Liability Management) software

Finnvera Plc is a state-owned special financier and Finland's official export credit agency (ECA). Finnvera strengthens the operating conditions and competitiveness of Finnish companies by offering guarantees, loans and export guarantees. Finnvera's strategic goal is to allocate the majority of funding to growing and internationalizing companies, investments, changes of ownership and exports. The goal of Finnvera's operations is effectiveness, which means that with the help of our financing, our customers create and achieve turnover, financial results and jobs that would not have been possible otherwise. As a state-owned financial company, Finnvera complements the financial market and shares the risk involved in financing with other financiers. Finnvera's operations are guided by the relevant special legislation, the economic and ownership policy goals set by the state, and the company's own strategy. Finnvera Plc starts with this request for information/market survey concerning the procurement of ALM (Asset Liability Management) software. This is an advance notice involving a survey of the market and potential suppliers. The purpose of this advance notice is to inform suppliers of a preliminary market survey and possible tender and collect information for mentioned supply. This announcement is not an invitation to tender nor neither a procurement announcement. Replying or failing to reply to this advance notice does not prevent participation in any call for tenders. The information given in this announcement is preliminary and may change as preparations progress. Advance notification is not binding in any way. The procurement is based on the European Banking Authority's (EBA) updated guidance (EBA/GL/2022/14) regarding interest rate risk in the banking book (IRRBB), credit spread risk in the banking book (CSRBB) and the supervisor's updated tests for outlier values (see: the Supervisory Outlier Test, EBA/RTS/2022/10). Although banking regulation does not directly bind Finnvera, we aim to comply with it to the extent applicable. This requires us to calculate risk figures with sufficient accuracy according to the new guidelines. The object of the procurement is a ALM (Asset Liability Management) software that is capable of calculating various stress scenarios for interest rates and credit spreads set by the EBA (IRRBB & CSRBB) described below, and that can also be used for internal modelling. In this context the definition of ALM-software is a software that takes contract data, market data and other necessary information as an input and based on this information is capable of calculating various risk calculations. PARTICIPATION Parties interested of this procurement are asked to send their contact details by 23 of April 2024 at the latest to hankinnat@finnvera.fi using the subject “ALM (Asset Liability Management) software”. Parties who have left their contact information will be sent preliminary tender request materials for comments. The goal is to get feedback of e.g. minimum requirements for the tender, content of services and pricing mechanism. The information is collected in the form of written comments via email.