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BC FINANCIAL SERVICES AUTHORITY has floated a tender for On-0002113 - Cudic Accounting Standby Provider. The project location is Canada and the tender is closing on 15 Sep 2023. The tender notice number is 00003589521, while the TOT Ref Number is 84316112. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : Canada
Summary : On-0002113 - Cudic Accounting Standby Provider
Deadline : 15 Sep 2023
Other Information
Notice Type : Tender
TOT Ref.No.: 84316112
Document Ref. No. : 00003589521
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
ON-0002113 - CUDIC Accounting Standby Provider
Solicitation Type : RFP - Request for Proposal (Formal)
Solicitation Number : 171144
Location : British Columbia
Purchase Type : Not Stated
Description : The Credit Union Deposit Insurance Corporation of British Columbia (“CUDIC”) guarantees payment of insured deposits in the event of a failure of a BC Financial Services Authority authorized (“BCFSA”) credit union. BCFSA is responsible for administrating CUDIC and operates regulatory programs under the Financial Institutions Act (“FIA”) and the Credit Union Incorporation Act (“CUIA”) to promote financial safety and soundness of BCFSA authorized credit unions. Through its risk-based supervisory program, BCFSA monitors credit unions to identify potential problems early to allow proactive intervention. When a credit union experiences financial challenges, BCFSA follows its intervention process to rehabilitate and/or resolve the credit union. The closure of a credit union and payment to depositors from the CUDIC fund (hereafter referred to as a “payout”) is the final stage in BCFSA-s regulatory risk framework. BCFSA has developed an operational payout plan consistent with the international industry standards set out by the International Association of Deposit Insurers to provide orderly and prompt payment of deposit insurance to affected depositors and is working to continually improve the plan. The purpose of this Request for Proposal (“RFP”) is to advise t...
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