Economic Scenario Generator
The Board is seeking to procure a licence for an economic scenario generator for use in assumption-generation for a range of medium and long-term modelling.
The chosen candidate must be able to provide a real-world calibration of an appropriate timeframe, including outputs for a sufficiently broad range of asset classes given the investment strategy of the Board and the pension schemes it protects.
The outputs should also facilitate the projection of the liabilities of the Board and those of the pension scheme it protects.
The chosen candidate should be able to provide a regular, well-justified and researched “house view” calibration.
However, the solution should also provide the flexibility to apply user-defined calibrations.
The Board conducts regular stress testing and the chosen solution should be able to support deterministic, stochastic and deterministic-to-stochastic stresses and scenarios.
As well as appropriate technical functionality, the successful candidate will also provide technical support, training and knowledge sharing, committing to a range of SLAs and regular feedback sessions to ensure client satisfaction.
It is essential that the solution is compatible with the Board’s IT systems.
What the supplier must deliver
The chosen candidate must be able
The chosen candidate must be able to provide a real-world calibration of an appropriate timeframe, including outputs for a sufficiently broad range of asset classes given the investment strategy of the Board and the pension schemes it protects.
The outputs should also facilitate the projection
The outputs should also facilitate the projection of the liabilities of the Board and those of the pension scheme it protects.
The chosen candidate should be able
The chosen candidate should be able to provide a regular, well-justified and researched “house view” calibration.
However, the solution should also provide
However, the solution should also provide the flexibility to apply user-defined calibrations.
The Board conducts regular stress testing
The Board conducts regular stress testing and the chosen solution should be able to support deterministic, stochastic and deterministic-to-stochastic stresses and scenarios.
Derived from the notice text — always confirm against the original documents.
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- OCID
- f75b4890-71d0-416d-966a-0324f72136a0
- Stage
- contract · Contract
- Source
- Contracts Finder
- Buyer ref
- ITT 102
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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