This is a sources sought notice and not a request for quotations. The purpose of this announcement is to seek qualified contractors with the capability to provide presentations for The Department of Treasury, Bureau of the Public Debt (BPD), Management Meeting with experience in meeting the objectives as described herein. Request for Information (RFI) Interested Parties to Provide Direct Sell Services for Retail Customers Introduction The Bureau of the Public Debt's Office of Retail Securities (Public Debt) is assessing the market to gain information on financial institutions or securities broker/dealers who are interested in acting as Public Debt's agent to execute the secondary market sale of United States Marketable Treasury securities. Background Public Debt maintains a program where private investors can buy, hold and manage their holdings of Treasury securities directly through its two book-entry based account systems. This program is known as the Retail Securities Services program. One of the services we provide through this program is to sell individually held marketable securities upon request of the account owner or manager. Service Specifics Public Debt is soliciting information on whether a financial institution or securities broker/dealer would provide the following services and the cost for providing such services. 1. Public Debt would deliver the security designated for sale to the agent's commercial book-entry account through the Fedline system. Sales instructions and related documentation would be delivered to the agent the same business day. 2. The agent would solicit bids from parties interested in purchasing the security. The agent would be required to obtain at least three (3) bids. 3. The agent would: select the highest price submitted; collect the price for the security from this bidder; and then deliver the security to this party. 4. The agent would pay the seller the proceeds from the sale through either an Automated Clearing House (ACH) transaction or physical check. 5. The agent would be responsible for all Internal Revenue Service (IRS) reporting for the transaction (Broker or 1099-B reporting). 6. In addition to the 1099-B reporting, the agent would be responsible for any additional IRS reporting requirements that could occur while the security was held in the agent's book-entry account pending completion of the sale. This reporting could include the reporting for any interest payment made (1099-INT reporting) and Original Issue Discount reporting (1099-OID) for the inflation adjustment made to the par amount of Treasury Inflation protected Securities (TIPS). 7. The agent would maintain appropriate documentation of each sale and provide this information to Public Debt on a regular basis. Restrictions Interested parties responding to this RFI must be licensed securities broker/ dealers who are authorized to deal in U.S. government securities. RFI Specifics An adequate response to this RFI would include the following items: • A proposed plan to provide the services described above; and • A General fee structure for the services provided. Interested parties should submit their response to
[email protected] Attention J Oney RFI-BPD-09-0029 no later than 08/14/2009. Expected Volumes Over the last twelve months Public Debt processed the sale of almost 12,500 securities worth a total par amount of almost $967 million. The average par value of the security was $77,000. The average volume processed per business was 50 securities and a total par amount of almost $3.90 million. Additionally pleasee provide the name and location of your company, contact information, and identify your business size (Large Business, Small Business, Disadvantaged Business, 8(a), Service disabled Veteran Owned Small Business, HubZone, etc.) based on NAICS Code 523110, size standard $7.0m.. Contact information shall include the name of the point of contact, email address, and telephone number should the Government have questions regarding individual responses. A brief capabilities statement (not to exceed 5 pages) that includes a description of your company's standard line of business, as well as a list of customers your company has recently (within the last 3 years) provided these, or similar, services for. Include a point of contact information for the companies listed. Contractors should provide their DUNS, if applicable. Responses to this request must be submitted no later than 2:00 p.m. ET on August 14, 2009 and may be submitted electronically to
[email protected] to the attention of J Oney. No other information regarding this RFI will be provided at this time. This notice does not restrict the Government to an ultimate acquisition approach. All contractors responding to this sources sought notice are advised that the response is not a request that will be considered for contract award. All interest parties will be required to respond to any resultant solicitation separately from their response to this sources sought notice.