FDIC - Qualified Financial Contracts (QFCs) Resolution - MRAS

The Federal Deposit Insurance Corporation (FDIC), an independent agency created by Congress, plays a crucial role in maintaining stability and public confidence in the U.S. financial system. It achieves this by insuring deposits, examining and supervising financial institutions, and managing receiverships. One of the FDIC's primary objectives as a receiver is to maximize the value of failing or failed insured depository institutions and their assets. This effort aims to limit losses to deposit insurance funds and ensure repayment to uninsured depositors and general creditors. The FDIC's Division of Complex Institution Supervision and Resolution (CISR) is tasked with effectively evaluating, managing, unwinding, or disposing of certain contracts held by open, failing, or failed depository and non-depository financial companies.

In support of these efforts, the General Services Administration (GSA) is conducting market research on behalf of the FDIC for Qualified Financial Contracts (QFCs) Resolution Services encompassing advisory, consulting, and valuation services. The scope of work required by CISR includes three main categories: QFC Valuation and Advisory Services, Consulting Services, and Professional Services. Offerors have the option to bid on one or more service categories based on their expertise.

The QFC Valuation and Advisory Services involve advising the FDIC regarding Assigned Contracts these are defined under the Federal Deposit Insurance Act (FDIA) as qualified financial contracts such as securities contracts, commodity contracts, forward contracts, repurchase agreements, and swap agreements. Contractors will be responsible for analyzing these contracts' value management needs; they may also modify or unwind them as necessary while providing portfolio management services.

Consulting Services will be offered on an hourly or fixed price basis under two subcategories: General QFC Consulting Services include designing training programs related to QFCs, developing procedure manuals, conducting process reviews and simulations; they may also provide expert witness testimony when required. Through these comprehensive services outlined in this solicitation request from GSA for FDIC's benefit the ultimate goal remains ensuring efficient resolution strategies that protect both public interests alongside maintaining overall economic stability throughout complex institutional changes within America's banking landscape.