Core Banking, Custodial, and Pension Payroll Services

Canada Mortgage and Housing Corporation (“CMHC”) is the Government of Canada’s National Housing Agency, with a mandate to help Canadians gain access to a variety of affordable housing options. It is a Crown Corporation, with a Board of Directors, reporting to Housing, Infrastructure and Communities Canada. CMHC has approximately 2,300 employees located in Ottawa, and at various regional offices throughout Canada.

With this RFP CMHC is seeking prospective proponents to submit proposals for the provision of all of the following services: Category 1 - Core Banking Services, Category 2 - Custody Services and Category 3 - Pension Payroll Administration Services for Pensioners (hereinafter collectively referred to as the “Services”) as further described in the RFP Specifications (Appendix C). CMHC is seeking one (1) proponent for the provision of all three (3) service Categories.

It is CMHC’s intention to enter into an agreement on a non-exclusive basis with the successful proponent. The term of the agreement resulting from this RFP is to be for a period of five (5) years, with two (2) options to extend the agreement on the same terms and conditions for an additional term of up to five (5) years each.