Central Bank

Vendor Selection for custody, collateral management and securities lending system

We were initially engaged to provide subject matter and industry expertise into systems architecture design and vendor selection for a new custody, collateral and securities operations platform. This included:

  • Review of objectives and business requirements, and advice on applicable industry best practice;
  • Advice on the market systems vendor landscape, including strengths and weaknesses of potential vendors;
  • Support for the preparation of public procurement documentation to ensure that the client’s particular requirements were articulated clearly;
  • Assistance with vendor engagement throughout the procurement process;
  • Evaluation and scoring of vendors.

We were then subsequently engaged to provide support for the analysis of vendor system and solution architecture options for a new Middle Office system covering:

  • Pricing of collateral and other assets;
  • Management of instruments, eligibility and haircuts;
  • Counterparty onboarding and assessment;
  • Master data management.

Our services included:

  • A detailed review of the vendor market in order to create an initial list of vendors to invite for participate in the selection;
  • Support to create vision, implementation roadmap and procurement approach;
  • Review of business requirements and non-functional requirements for inclusion in the RFI/RFP;
  • Support for creation of RFI and RFP materials to ensure completeness and industry applicability.