Please note: This is a Sole Source Notification. Bloomberg is a premier financial system utilized by the financial industry to manage investments through security valuation, best execution evaluation, market analysis, rate benchmarking, access to financial reporting, and financial news among other things. The Authority uses Bloomberg to execute trades, create trade tickets and to value the portfolio. The Authority also uses it to track information related to mortgage back securities, such as prepayment speeds and repayment factors in addition to monitoring indexes and Treasury rates which are used as benchmarks for setting internal rates and reconciling variable rate interest cost. The system is also used to manage investment collateral and to perform portfolio stress tests. Bloomberg also provides the Authority with access to tools and information needed to evaluate "best execution for its financial transactions.
