Framework Agreement For Valuation And Financial Due Diligence . Description The Banks Guarantee Fund (Bs) And Finanstilsynet (Ft) Carry Out This Procurement Jointly (Hereafter Collectively Referred To As The Client). The Banks Guarantee Fund Administers And Manages The Norwegian Deposit Guarantee Scheme And The Deposit Guarantee Fund, And Assists Finanstilsynet As The Crisis Management Authority Under The Financial Enterprises Act. Finanstilsynet Is The Norwegian Crisis Management Authority For The Financial Sector, With Responsibility For Safeguarding Financial Stability And Ensuring Safe Handling Of Crisis Events In The Norwegian Financial Market. The Procurement Is Carried Out Jointly To Ensure That Both Institutions Have Access To The Necessary Specialist Expertise And Capacity In Valuation And Financial Due Diligence At All Times. The Services Must Be Able To Be Ordered And Used Both In Normal Situations And In The Event Of Extraordinary Events, Including Preparations, Implementation And Follow-Up Of Crisis Management Measures And Emergency Drills. The Purpose Of The Procurement Is To Enter Into Parallel Framework Agreements With 3–5 Suppliers For Services Within Valuation And Financial Due Diligence Of Norwegian Banks, Including Assistance And Participation In Emergency Drills. The Framework Agreements Will Have A Duration Of Six Years. The Two Service Areas Are: 1) Valuation Valuation Of All Or Parts Of A Bank, Including Loan Portfolios, Intangible Assets, Financial Instruments Etc., In Line With Relevant Requirements Under Norwegian Law, Eu Regulations And Eba Guidance. The Service Also Covers Assistance Related To Valuation And Preparedness, Including Preparedness Exercises, Advice And Preparations For Preventive Measures, Security Measures And Crisis Management, Stress Tests And Scenario Analysis, As Well As Method Development And Tools For Implementing Such Measures. 2) Financial Due Diligencefinancial Due Diligence Of All Or Parts Of A Bank, Including Any Group Companies. This Involves A Review Of The Banks Accounts And An Assessment Of The Banks Financial Situation And Financial Position, Including Analysis Of The Balance Sheet, Lending Portfolio, Securities, Derivatives, Deposits And Borrowings. The Purpose Is To Identify Risks And Provide A Better Basis For Valuation And Choice Of Measures. The Framework Agreements Are Not Exclusive, And The Client Reserves The Right To Make Purchases Outside The Framework Agreement If There Is A Factual Reason. Further Details Of The Service Areas Follow From The Contract Documents.
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