Securities and Exchange Commission
Plot 272 Samuel Adesujo Ademulegun Street
Central Business District Abuja
e-mail: sec@sec.gov.ng , website: www.sec.gcv.ng
Invitation for Bids
1.0 INTRODUCTION
The Security and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) recently released a framework document that will guide future margin activities in the Nigeria capital market. The guidelines were developed as part of multiple list based on defined criteria Rule 21 of the Guidelines mandates SEC to publish the list of marginable securities otherwise known as “The Margin List.
Towards achieving this mandate, SEC intends to engage a competent Consultancy Firm to design, develop implement and maintain a Margin List Application.
2.0 Scope of Work
Details of the scope of work to be carried out are contained in the invitation for Bids (IFB) documents and include:
1. The provision and development of a solution by which the margin list will be generated
2. The identification of sources and collation of data that meets the criteria for generating the margin list
3. Development and implementation of platform for the storage of data and update of the over 200 listed companies based on daily market information. The implemented platform is expected to have the following features, among others.
a. An aggregation module to reflect the data elements that are required for each company by the guidelines
b. A routine that automates the daily feed of the individual company data elements
c. An administration back end of support the Margin List Application
d. A module for the generation of key reports for the analysis of the criteria towards determination of changes in the composition of the margin list
4. Provide training for key staff of SEC on the use of the platform for generation, interpretation and analysis of data and reports. Other areas expected to be covered by this capacity building programme include the technical operation of Margin Finance and Trading as well as regulatory issues regarding inspection, monitoring and enforcement as provided in the guidelines. Furthermore, an understanding of how the margin list will be applied by the market operators and financial institutions should be addressed.
3.0 GENERAL REQUIREMENTS
Interested and competent Consultants wishing to carry out the above job shall submit, amongst others, the following documents:
a) Evidence of registration with Corporate Affairs Commission (CAC)
b) Tax clearance certificate for at least three (3) years
c) Audited accounts for at least three (3) years
d) Evidence of registration with the Pension Commission and compliance with its requirement
e) Bank statement for at least 12 months
f) Bank Reference letter
g) Company profile with cvs of key personnel to be assigned to the consultancy
h) Evidence of previous similar job(s) successfully completed
4. COLLECTION OF BID DOCUMENT
Interested and competent Firms should collect the invitation for Bid (IFB) documents from the Secretary of the Tenders Board, Administration Department, Sec Tower, Plot 272, Samuel Adesujo Ademulegun Street, Central Business District, Abuja upon the payment of a non-refundable fee of N20,000.00 (Twenty Thousand Naira Only). Payment should be in Bank Draft and made payable to SECURITY AND EXCHANGE COMMISSION OF NIGERIA
5.0 SUBMISSION OF BIDS
The submission of bids will be in two separate envelopes as follows:
A. The General Requirement and the Technical Bid should be submitted in a sealed wax envelope clearly market “TECHNICAL BID FOR THE Provision of Margin List Application” at the top left hand corner.
B. The Financial Bid should be submitted in another sealed wax envelope to be clearly marked “FINANCIAL BID FOR THE PROVISION OF MARGIN LIST Application’ at the top left hand corner and to be addressed to:
The Secretary, Tenders Board
Securities and Exchange Commission,
Ground Floor, SEC Tower,
Plot 272, Samuel Adesujo Ademulegun Street,
Central Business District, Abuja
CLOSING DATE
All submissions must be received at the above address on or before 4th January 2011. Please note that no proposal shall be accepted after 4:00pm on Thursday January 2011
OPENING DATE
The Technical Bids shall be opened on Friday 7th January 2011 by 10.00am at the SEC’s Head Office, Abuja. Bidding, NGOs and the public are invited to the bid opening.
ENQUIRIES
All enquiries on this advertisement are to be directed to:
The Secretary, Tenders Board
Securities and Exchange Commission,
Ground Floor, SEC Tower,
Plot 272, Samuel Adesujo Ademulegun Street, Central Business District, Abuja
+234 8020602877, +234 803311369 or +234 8053441350
Time: 10:00 am – 4:00pm daily on working days
IMPORTANT NOTICE
- Only successful pre-qualified will have their Financial Bids opened on a date that will be communicated to all bidders to attend
- Nothing in this advert shall be construed to be commitment on the part of SEC nor shall entail any bidder to make any claim(s) whatsoever and seek indemnity from SEC by virtue of the bidder having responded to this advertisement
Signed:
Management
