BB.2018.10 - Tender Notice for Prequalification : Risk Model Validation Services

BDC, as per Chapter Five of the Canadian Free-Trade Agreement ("CFTA") and Chapter 19 of the Canada-European Union ("EU") Comprehensive Economic and Trade Agreement ("CETA"), is announcing that it is undertaking a prequalification process to identify vendors who could provide BDC with the following services, as further detailed in Appendix A "Scope of Work".
Although BDC is not an OSFI regulated financial institution, it strives to align with industry standards as well as achieve model development and model risk management best practices. BDC is seeking the support of a third party to validate its internal models. It is expected that model validation activities will be aligned with industry best practices.
BDC intends to prequalify a maximum of three (3) vendors. For each future mandate covered by this prequalification process ("Covered Mandate"), BDC will publish a tender notice and send to prequalified vendors relevant tender documentation, detailing BDC’s specific requirements. Only vendors on the prequalified list will receive tender notices and tender documentation for such services.