Competitive Procurement Process for Certain Vendor Roles Supporting Emergency Lending Facilities and Programs

The New York Fed is conducting a multi-phase competitive procurement process for key vendor roles across several of the emergency lending facilities established under Section 13(3) of the Federal Reserve Act and the purchases of Agency commercial mortgage-backed securities (Agency CMBS).

When the facilities were launched earlier this year, some vendor roles were filled through direct negotiations with service providers to support the required rapid establishment of the facilities. The New York Fed did so with a view that, once the immediate need to commence operations of the facilities had passed, those roles would be subject to a competitive procurement process.

Through these efforts, the New York Fed seeks to further its mandate to support equal opportunity and diversity in the implementation of these facilities. The New York Fed is committed to transparency and inclusive access as it undertakes this competitive procurement process.

PMCCF/SMCCF Procurement Documents and Program Information

* The prequalification submission period for the Corporate Credit Facilities Cash Investment Management Services role ended October 19, 2020; however, the form continues to be available for review and reference purposes.

Questions submitted to after the submission period will be reviewed on a periodic basis.

Information Sessions

To learn more about the competitive procurement process, watch these videos from our information sessions held on October 6 and 7, 2020.