The purpose of the Framework Agreement is to manage on behalf of CAVAMAC part of the reserves of the compulsory social security schemes for which it is responsible, placed in euro zone shares. The purpose of the consultation is therefore to select 4 managers (including a holder of a so-called stand-by mandate) who will ensure the takeover and management of 3 UCIs under French law in the form of investments with a general vocation (Fivg) "Dedicated" to CAVAMAC and intended almost exclusively for the fund (one fund each). The contract is a framework agreement giving rise to the issuance of purchase orders, without minimum amount but with a maximum of 11m euros (Articles R 2162-4 and R 2162-13 and R 2162-14 of the Cmp). Given the importance of the overall amount given under management, the ability of market players to manage substantial amounts and a desire to diversify risks, this framework agreement is concluded with several economic operators (multi-awarding framework agreement)
The overall amount envisaged for all mandates is approximately $550 million. This amount may increase or decrease during the term of office.