Standardization of the Legal Documentation of Collective Investment Funds in Securitization

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Tender Organisation:

INTERNATIONAL FINANCE CORPORATION (IFC)

Tender Sector:

IT-Software Tenders

Tender Service:

Worldwide

Tender Region:

African

Tender Country:

Morocco

Tender CPV:

79131000 : Documentation services

Tender Document Type:

Tender Notice

Tender Description:

Tenders are invited for Standardization of the Legal Documentation of Collective Investment Funds in Securitization · Issue Date and Time: Jul 19,2023 05:37 · Closing Date and Time: Aug 02,2023 23:59 As Part of the Capital Markets Support Program (“Joint Capital Markets Program”; J-Cap); The World Bank Group (Wbg) Supports the Development of Local Capital Markets in Morocco. One of the Axes of this Program is the Deepening of the Securitization Market. The Securitization Market in Morocco Remains Limited but could Play a Considerable Role in Economic Recovery after the Covid-19 Pandemic. In December 2022; There were 18 Securitization Collective Investment Funds (Fpct) in Morocco; Managing Net Assets of 14 Billion Dirhams. Fpcts Cover Securitization Transactions of Different Asset Classes; Ranging from Mortgages; From Trade Receivables to Receivables Resulting from Consumer Credit Contracts and Usufruct Rights Established on Real Estate Assets. Securitization Transactions may Also have as Their Object the Granting of Financing or the Guarantee of Credit or Insurance Risks. To Stimulate the Growth of the Securitization Market While Preserving Financial Stability; The Wbg Supports the Moroccan Capital Market Authority (Ammc) and the Association of Securitization Fund Managers (Agft) in a Project to Optimize the Legal Documentation of Fpcts; Namely Management Regulations and Information Documents. The Missions of the Legal Adviser will Concern in Particular the following Two Elements: 1. The Review of the Moroccan Framework and International References 2. The Standardization of Securitization Transactions and the Drafting of Standard Document Models the Details of the Project are Described in the Tor and the Announcement of the Project. It is Expected that the Consultation will Last 70 Working Days. Given the Importance of this Site; It was Agreed to Finalize it as Soon as Possible; Ideally before the End of November 2023. The Consultation is Expected to Last 70 Working Days. Given the Importance of this Site; It was Agreed to Finalize it as Soon as Possible; Ideally before the End of November 2023. The Consultation is Expected to Last 70 Working Days. Given the Importance of this Site; It was Agreed to Finalize it as Soon as Possible; Ideally before the End of November 2023. The Wbg Reserves the Right to Publicly Disclose Contract Award Information, including but not Limited to, Name of Company Receiving the Award, Brief Description of Services, and Contract Award Amount, for Any Contract Award Valued over Us$250,000. Offeror's Proposal and Contractual Documents will Remain Confidential and Therefore not Subject to Disclosure.

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