Framework agreement for valuation and financial due diligence.

Summary

Bankenes sikringsfond (BS) and the Financial Supervisory Authority of Norway (FT) are jointly carrying out this procurement (hereafter jointly referred to as the Contracting Authority). BS administers and manages the Norwegian deposit guarantee scheme and the deposit guarantee fund and assists the Financial Supervisory Authority as a resolution authority in accordance with the Financial Institutions Act. The Financial Supervisory Authority of Norway is the Norwegian resolution authority for the financial sector, with responsibility for safeguarding financial stability and ensuring satisfactory handling of crisis events in the Norwegian financial market. The procurement is being carried out jointly to ensure that both institutions always have access to the necessary specialist competence and capacity within valuation and financial due diligence. The services shall be able to be ordered and used both in normal situations and at extraordinary events, including preparations, implementation and follow-up of crisis management measures and crisis management exercises. The aim of the procurement is to enter into parallel framework agreements with 3-5 tenderers for services within valuation and financial due diligence of Norwegian banks, including assistance and participation in crisis management exercises. The framework agreements will be valid for six years. The two service areas are: 1) Valuation: valuation of all or parts of a bank, including loan portfolios, immaterial assets, financial instruments etc., in accordance with relevant requirements under Norwegian law, EU rules and EBA guidance. The service also covers assistance related to valuation and crisis management, including crisis management exercises, advice and preparations for preventive measures, security measures and crisis management, stress tests and scenario analysis, as well as method development and tools for the execution of such measures.2) Financial due diligence: financial due diligence of all or parts of a bank, including any group companies. This involves a review of the bank's financial statements and an assessment of the bank's economic situation and financial position, including analysis of the balance sheet, loan portfolio, securities, derivatives, deposits and funding. The aim is to identify risks and provide a better basis for valuation and for BS's and FT's choice of measure. The framework agreements are not exclusive and the contracting authority reserves the right to make procurements outside of the framework agreement if there is a justifiable reason. Further details on the service areas are in the contract documents.