Norges Bank Investment Management (NBIM) main objective for this RFP is to award a contract to one provider for the delivery of an employee personal trading system and for services thereunder, including implementation and maintenance.
The duration of the contract is four (4) years. The estimated value of this contract over a four (4) year period is in the range 6 500 000 — 8 000 000 NOK, but this should only be considered as an estimate and should not in any way be considered binding upon NBIM, and thus the actual contract value may be higher or lower. The estimate is in no way binding for NBIM.
Please refer to the RFP for more detailed description.
The scope of this RFP is to procure a solution to handle the personal trading and investments by employees and additionally to detect and mitigate conflicts of interest and safeguard the integrity and reputation of Norges Bank.
The aim is for the solution to:
— automate pre-clearance workflows and streamline reporting solutions,
— detect and prevent regulatory violations,
— allow NBIM to conduct post-trade monitoring of completed transactions,
— manage, track and log investments in a user-friendly system.
As such, the system should include a dashboard for employees to easily access their personal transactions and investments and to submit personal trade requests. In addition, the solution should have a user-friendly dashboard for NBIM to manage and review trade requests and generate reporting on employee personal trading. The solution should also be able to maintain a complete case management audit trail.
In addition, and although not the main purpose of the tender, NBIM is seeking possible additional functionality which may or may not be utilised during the contract term. Accordingly, the system should have compliance solutions which are incidental to detect and mitigate conflicts of interests, i.e. gifts and entertainment, outside activities and insider list compliant with market abuse regulation (MAR) The contract will also cover implementation and maintenance of the proposed solution as necessary to support the continued use of the product.
The duration of the contract is four (4) years. The estimated value of this contract over a four (4) year period is in the range 6 500 000 — 8 000 000 NOK, but this should only be considered as an estimate and should not in any way be considered binding upon NBIM, and thus the actual contract value may be higher or lower. The estimate is in no way binding for NBIM.
Please refer to the RFP for more details.