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Tender Details
- Country: South Africa
- Summary: Actuarial and accounting advice for a Credit Guarantee Business Model in South Africa
- ZAT Ref No: 124144554
- Deadline: 18 Aug 2025
- Competition: ICB
- Financier: World Bank (WB)
- Purchaser Ownership: Public
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: 0002017712
- Purchaser's Detail :
- Description :
- TheWorld Bank requires an advisor to refine the financial modeling scenarios ofthe CGV including accounting and actuarial assumptions based on the businessmodel developed, as well as South Africa-s applicable financial sectorregulations. Results from this analysis will inform the World Bank on thedifferent trade-offs and options in the CGV business model. The assignmentwill be conducted in close coordination with the World Bank team and thefinancial advisor retained for the financial modeling. It is expectedthe following aspects will be covered:Calibration andadaptation of the financial simulation model for its stage No. 3 development.Analysis of theunderlying assumptions that are considered in the financial simulation model, and otherrelevant business and legal aspects in the South African context that willinfluence the actuarial and accounting analysis (see details in Annex).Assessment of thecapital requirements of the entity issuing the credit guarantees underdifferent financial modeling scenarios. Assumptionsthat would need to be taken into account are requirements of South African Lawsfor non-life insurance business models.Assessment, underdifferent modelling scenarios, of the impact of the credit guarantee coverageon solvency ratios and prudential ratios (liquidity, stress test) of commerciallenders or bond holders, considering the capital regulations under the SouthAfrican-s Banks Act as well as Basel III & IV.Assessment of thepotential impact of the International Financial Reporting Standards (IFRS) on the CGVbusiness model, as well as banks and bond-holder beneficiaries of theguarantee, under the different scenarios mentioned above.Evaluation andtrade-offs of the impact of applicable risk mitigation instruments, such asreinsurance agreements (and any other risk-management products or approaches),relevant to assess different scenarios of the solvency capital requirements ofthe CGV to place the risk in the international market at affordable levels.
90 - C... - Documents :
Purchaser : WORLD BANK(WB)
ZA - South Africa
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