Treasury Board and Finance - Request for Proposal - CONSULTANT FOR DEBT…

TBF is responsible for the Province’s budget planning, financial management and economic analysis, as well as the administration of tax and revenue programs. The Treasury and Risk Management (TRM) division of TBF is responsible for the capital markets operations which includes the issuance of debt in multiple currencies in multiple debt markets, on-lending to crown agencies, financial risk management (including use of financial derivatives) and investments (including reverse repurchase agreements and repurchase agreements). TRM is also responsible for treasury operations which includes banking, financing, cash forecasting, cash management and the administration of loans. These business functions include ticketing and trade management, counterparty tracking, collateral management, including calculations of current value of cash collateral held or posted under derivatives master agreements, and making payments for debt-related obligations. Lastly, the Financial Services division of TBF is responsible for the accounting and financial reporting for capital market activities.

The Province has acquired the Accenture Enterprise Solution for Government (AESG) as its Enterprise Resource Planning (ERP) system. This Software-as-a-Service (SaaS), which is referred to internally as 1GX, is a system-of-systems with SAP S4/HANA at its core, supported by various SAP modules (including Ariba, SuccessFactors, Concur and Analytics Cloud).

In late 2023, the Province entered into an agreement with FIS Global to use Quantum and Payment Hub (TRAX), to support straight through processing of capital market activities, payments, and banking transactions – a fully encompassing treasury management system. Once fully operational, the FIS systems will include such processes as collateral management for over-the-counter derivatives, bond repurchases and loan evaluation. More importantly, it will be the debt and derivatives management software solution that will support TRM’s processes, meet internal portfolio monitoring, financial reporting, control and valuation/sensitivity projection needs, and will mitigate risk associated with the business processes.

Currently, some of TRM’s capital markets processes are managed in an internally developed MS-Access database, which does not have extensive financial controls or workflow security. This database is not integrated with other systems to facilitate end-to-end processing, thereby requiring extensive manual intervention to maintain, which creates the potential for entry errors or duplications, leading to added financial risk for the Province.

The objective of this RFP it to enter into a Contract with a qualified Contractor who will provide Services specific to the implementation of the FIS systems on an “as-needed” basis with no guarantees of work. The successful Proponent is expected to work on site and/or remotely.

A DDMS installation blueprint along with application architecture and landscape diagram will be shared with the Contractor at the time of the first Service request.

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Contract duration

Trade agreements