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D -- Operational Risk Data and related software (OB1857717) (2007-02-04)

OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT
PRE-SOLICITATION NOTICE
HUD-OFHEO-2007-0001

The Office of Federal Housing Enterprise Oversight (OFHEO), the oversight
agency for Fannie Mae and Freddie Mac, is conducting a two-phase competitive
acquisition for the purchase of data (and possibly software) related to losses
from operational events. A vendor may provide information in response to this
notice on the data, the software or both the data and software. Operational
losses include direct and indirect losses associated with the operational risk
exposure of a firm including those related to legal liability, reputational
setbacks, and compliance and remediation costs where such losses are
consequences of operational events. Operational risk is the exposure to loss
from inadequate or failed internal processes, people, and systems, or from
external events.

The data will be used to analyze the losses associated with operational events
at financial institutions. In addition, OFHEO intends to develop quantitative
approaches for determining the adequacy of capital held against operational
risk. Increased understanding of operational loss events and their
implications for capital reserves will directly support the conduct of OFHEO?s
oversight responsibilities.

1. OFHEO is looking for data that, at a minimum, shall:

a. Provide relevant information on the organization suffering the loss
such as asset size, type of institution, and major business lines;
b. Provide a loss amount using U.S. dollars;
c. Provide the loss date;
d. Provide the Basel risk category and risk type identifiers;
e. Provide the Basel business unit identifiers;
f. Cover the financial services industry in the United States; and
g. Be available in a format that can be used with a variety of analytical
tools.

2. At a minimum, OFHEO requires software with preprogrammed capabilities
to:

a. Scale loss data from different sources to improve consistency (for
example by some measure of an institutions? size or risk exposure);
b. Perform a variety of approaches to model economic capital, including
the loss distribution approach (LDA);
c. Produce a variety of parametric and nonparametric estimates of the
probability density and cumulative distributions of the frequency of
operational losses;
d. Produce a variety of parametric and non parametric estimates of the
probability density and cumulative distributions of the severity of
operational losses;
e. Incorporate scenario analysis;
f. Produce analyses of business line and Enterprise level risk exposures
and economic capital requirements; and
g. Facilitate sensitivity analysis and robustness checks of those
analyses.

3. In order to ensure that only those vendors who have the capability of
providing the services required, OFHEO is using the procedures at Federal
Acquisition Regulation (FAR) part 15.202, ?Advisory Multi-Step Process?. The
two-phase approach consists of submission of corporate capability statements
and participation in oral presentations (Phase I), and submittal of written
technical and cost/price proposals (Phase II):

a. Phase I: Interested contractors/vendors will provide limited
information in response to subparagraphs 1 and/or 2 above, that should be
readily available on the following:

I. Corporate Capability Statement: List of services/products
commercially available, or that can be available by the contract performance
due date, that comply with this pre-solicitation notice. The Corporate
Capability Statement shall be no longer than 4 type written pages.

II. Past Performance Information: References from at least 3 customers,
of which at least 2 will be for contracts that have been completed, one may be
on-going. The work must be similar in nature to this requirement.

III. Confirmation of the vendor?s availability to participate in Oral
Presentations. The oral presentations are an informal discussion between the
vendor and the government. It is anticipated that the discussions will assist
OFHEO in the development of the final Statement of Need. No discussion of
cost will be allowed at this phase

a. Oral presentations will be held approximately 4 weeks from the date of
this posting. Invitees will be given morning and afternoon options for
presentation times. Invitees may participate either on-site at OFHEO, or via
telephone;

b. Oral presentations will be limited to 2 hours in length; and

c. If the vendor?s product is not a fully developed commercial, off-the-
shelf product, the vendor?s key personnel (i.e., subject matter expert)
responsible for development of the product shall participate in the oral
presentations.

b. Phase II: OFHEO shall evaluate all responses in accordance with the
criteria stated above, and shall advise each respondent in writing either that
it will be invited to submit a written technical and cost/price proposal or,
based on the information submitted, that it is unlikely to be a viable
competitor. OFHEO shall advise respondents considered not to be viable
competitors of the general basis for that opinion and state that
notwithstanding the advice provided by OFHEO in response to their submissions,
they may participate in the resultant acquisition.

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