Swap and Derivative Valuation Services GASB Compliance

2026-11-03

The Authority is requesting proposals (“ Proposals ”) from qualified firms ( the “ Firms ”) who are interested in becoming a provider ( the “ Provider ”) of valuation services in connection with existing and outstanding derivative instruments , including swaps held by the Authority for purposes of complying with the Authority ’ s reporting requirements . The duties of the Provider shall include , but not be limited to : 1 . Produce monthly derivative valuation report . The information must include or satisfy : a . Mark - to - market value b . Fair value c . Option value d . Accrued interest e . Other relevant data 2 . Produce annually derivative valuation reports . The information must include or satisfy : a . Information referenced under II . 1 . above , as applicable . b . Measurement and effectiveness based on Governmental Accounting Standards Board (“ GASB ”) or other industry standards as required or applicable including , but not limited to : i . GASB 53 ii . GASB 72 3 . Produce and maintain the swap exposure table ( the “ Swap Table ”) for the Authority ’ s bond Official Statements . 4 . Notify the Authority of any rating changes relating to the derivative counterparties . 5 . Maintain a client portal to access daily valuations and payment projections online .

Connecticut

2026-03-27