When the facilities and programs were launched in 2020, some vendor roles were filled through direct negotiations with service providers to expedite program implementation and support the flow of credit to households and businesses in the face of the severe economic disruption caused by the COVID-19 pandemic. 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.
February 1, 2021 update: The New York Fed has decided not to move forward with a request for proposals (RFP) for this role based on an updated assessment of the facility’s business needs.
- Prequalification Materials for CPFF Cash Investment Management Services*
- FAQ: CPFF Cash Investment Management Services Prequalification
- Commercial Paper Funding Facility (CPFF)
* The prequalification submission period for the CPFF Cash Investment Management Services role ended December 23, 2020; however, the materials continue to be available for review and reference purposes.
June 3, 2021 update: The New York Fed has decided not to move forward with a request for proposals (RFP) for these roles based on an updated assessment of the facility’s business needs.
- Corporate Credit Facilities - Prequalification Materials for Corporate Bond and ETF Investment Management Services*
- FAQ: Corporate Credit Facilities - Corporate Bond and ETF Investment Management Services Prequalification*
- Corporate Credit Facilities - Prequalification for Cash Investment Management Services**
- FAQ: Corporate Credit Facilities - Cash Investment Management Services Prequalification**
- Primary Market Corporate Credit Facility (PMCCF)
- Secondary Market Corporate Credit Facility (SMCCF)
* The prequalification submission period for the Corporate Credit Facilities Corporate Bond and ETF Investment Management Services role ended February 23, 2021; however, the form and related FAQ continue to be available for review and reference purposes.
** The prequalification submission period for the Corporate Credit Facilities Cash Investment Management Services role ended October 19, 2020; however, the form and related FAQ continue to be available for review and reference purposes.
April 13, 2021 update: The New York Fed has decided not to move forward with a request for proposals (RFP) for this role based on an updated assessment of the facility’s business needs.
- Prequalification for TALF Cash Investment Management Services*
- FAQ: TALF Cash Investment Management Services Prequalification*
- Term Asset-Backed Securities Loan Facility (TALF)
* The prequalification submission period for the TALF Cash Investment Management Services role ended February 23, 2021; however, the form and related FAQ continue to be available for review and reference purposes.
