7.0 Request for Proposal — Banking

7.1 Bidders may apply Banked IRB transactions as part of their proposal.  These transactions will be evaluated using the same methodology described in section 8.0, IRB Evaluation Plan.

7.2 The Bidder must provide a signed letter of acceptance from Industry Canada indicating that the banking Transaction is valid.

7.3 The entire Canadian Content Value of a Banked IRB Transaction, not portions thereof, must be applied to a single IRB Transaction proposed under the contract. Each transaction must clearly state that it is a Banked IRB Transaction. The Banked IRB Transaction must contain the exact information as submitted to the IRB Bank.

7.4 If the IRB Transaction Sheet is not clearly marked or the banked transaction is different then the transaction in the IRB bank, the proposed IRB Transaction may be rejected.

7.5 If a Banked IRB Transaction is used as part of a Bidder’s proposal, the Evaluation Committee will consider the transaction as approved for meeting the IRB Eligibility criteria. However, the Transaction will be evaluated on a quality and risk score as stated in section 8.0, IRB Evaluation.

7.6 As a part of this proposal, Bidders may submit Banked IRB Transactions with a cumulative value up to a maximum of 15  percent of the bidding price.  Any value above this threshold will not be evaluated.