The State of Tennessee, Department of Treasury (“Treasury”) issues this Request for Information (“RFI”) for the purpose of soliciting information from the vendor community to assist Treasury in performing analysis of software solutions available to meet Treasury’s need for enhancing or replacing Treasury’s electronic collateral management system used to administer the Tennessee Collateral Pool Program and the State Depository Program. Both of these Programs require collateral to secure public deposits covered by the Programs. Ideally, this would be one system that can maintain a database of over 100 Collateral Pool bank participants, approximately 50 state depository banks, 15 separate collateral safekeeping agents/trustee custodians, and over $12 billion in collateral with approximately 5,000 separate collateral positions. The new system must be able to migrate the data from Treasury’s current collateral management system into the new system in a harmonious, unified and coherent format. This system must also provide (i) web portal access for both Treasury and bank participants; (ii) daily pricing of collateral holdings with accurate PAR values and accurate Market Values; (iii) method of daily collateral sufficiency monitoring based off accurate Market Values; (iv) electronic collateral pledge and release requests processing; (v) resetting individual monthly collateral targets for each bank participant; (vi) updates quarterly pledge level changes; (vii) method of monthly reconciliation with safekeeping agents, and (viii) efficient reporting with excel and pdf output options. Treasury has provided the questions below in an attempt to understand the services available. The information gathered during this process will be utilized by Treasury to determine the next steps required for a potential procurement. This request is strictly a mechanism for gathering information and will not constitute a procurement process. All vendors with appropriate product offerings and knowledge relating to the requirements described herein are invited to submit a response to this RFI. The response should discuss the vendor’s capabilities to provide products and assist Treasury in understanding product offering capacities. Responses should also address the functional, technical, and other questions specified in this RFP. We appreciate your input and participation in this process. agents/trustee custodians, and over $12 billion in collateral with approximately 5,000 separate collateral positions.
