Description
The State of Tennessee Treasury is seeking market information for a comprehensive, cloud‑hosted collateral pool management platform that will replace its current third‑party application. The solution must support over 100 bank participants, manage more than $12 billion in pledged collateral, provide automated pricing and repricing (with third‑party data sources such as Bloomberg), and meet rigorous security standards (NIST, ISO 27001, SOC 2). Vendors are asked to describe functional capabilities, integration approaches, pricing models, and partnership status with government‑wide acquisition vehicles (Carahsoft, NASPO).
• Core functionality: participant management, pledge/release workflow, daily valuation, sufficiency monitoring, reporting, role‑based access, and web portal for banks.
• Technical requirements: data migration of ~90,000 historic records, API/real‑time integration with custodians and pricing services, cloud hosting (single‑ or multi‑tenant), compliance with NIST 800‑53, ISO 27001, SOC 2, MFA/SSO.
• Vendor deliverables: detailed technical narrative, cost ranges (licensing, integration, third‑party data fees), and confirmation of existing or planned partnership with Carahsoft/NASPO.