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AMENDMENT
IN ADDITION, PLEASE SEND YOUR EXPRESSION OF INTEREST TO BAKU STOCK EXCHANGE BY EMAIL ON OR BEFORE THE CLOSING DATE
Executing Agency: Baku Stock Exchange
The EBRD’s Contact Person:
Ginny Makepeace Awosunle
European Bank for Reconstruction and Development
One Exchange Square
London EC2A 2JN
Tel: + 44 20 7338 6369
Fax: +44 20 7338 7451
E-mail: makepeag@ebrd.com
Client Contact Person:
Ziya Shimiyev
Deputy Chairman of the Executive Board
BAKU STOCK EXCHANGE
Bul-Bul ave. 19,
Az 1000, Baku, Azerbaijan
Tel: +994 12 493 25 70
+994 12 498 85 22
Fax: +994 12 493 77 93
www.bse.az
E-mail: ziya@bse.az
Assignment Description: The Baku Stock Exchange (BSE) was established in 2000 as a Closed Joint Company. BSE approached EBRD with a request to provide Technical Assistance to aid the development of the Azerbaijani capital market through the assessment of training needs and the design and implementation of a capital market training programme and train-the-trainer programme (the “Assignment”). In light of the BSE’s growing trading volume and the government’s ambition to develop Azerbaijan’s capital market, it is crucial to increase the professionalism and know-how of BSE and Key Capital Market Participants.
The overall objective of the Assignment is to contribute to the development of the capital market in Azerbaijan by increasing the awareness, professionalism and know-how basis of BSE and possibly certain key capital market participants (for instance supervisory authorities, issuers, brokers, financial intermediaries, institutional investors and other capital market participants) to be determined by the Consultant in consultation with BSE (the “Key Capital Market Participants”).
The overall objective will be achieved by addressing the current deficiencies in skills by providing staff of BSE and Key Capital Market Participants with tailor-made training sessions and workshops through the BSE Training Centre.
The Consultant shall perform all studies, analyses, investigations and related work as required to attain the objectives; the main scope of work will be to:
• Conduct a Training Needs Analysis (“TNA”) identifying the various categories of recipients (including the Key Capital Market Participants if any) of training by the BSE Training Centre and their training needs;
• Develop standardised modular courses, together with course programmes that combine the modular courses, to address the needs identified by the TNA;
• Train all staff of BSE and Key Capital Market Participants, on more than one occasion if requested by BSE, so as to increase their institutional capacity, level of know-how and expertise in the training areas identified by the TNA using the tailor-made courses outlined above;
• Conduct a train-the-trainer programme and develop modular courses to train a group of 3 to 4 training staff selected by BSE;
• Develop a self-study handbook on securities trading that shall enable potential users of the capital markets not able to attend courses in person to increase their skills.
Assignment Start Date and Duration: It is envisaged that the assignment will start in October 2008 and will last 12 months with the possibility of extension, subject to availability of funding and satisfactory performance of the Consultant..
Maximum Budget available for the Assignment: EUR 245,000; exclusive of VAT.
The consultant must determine whether any indirect taxes/VAT are chargeable on the proposed services and state the basis for such determination in the response to the Notice. If any indirect taxes/VAT are payable, the client will have to pay indirect taxes/VAT element to the services directly to the consultant/s unless otherwise agreed.
Funding Source: It is anticipated that the assignment will be financed 50/50 through the Early Transition Countries Fund and the EBRD Shareholders Special Fund.
Eligibility: There are no eligibility restrictions.
Consultant Profile: The Consultant will be a firm and will demonstrate the following competencies:
(i) Extensive experience of the functioning of capital markets and international standards;
(ii) A strong understanding of the needs of countries in transition, especially in Central and Eastern Europe;
(iii) Technical expertise and previous experience in implementing similar projects.
(iv) Language abilities/proven track record of working with interpreter.
Status: Interested firms are hereby invited to submit expressions of interest.
In order to determine the capability and experience of consulting firms seeking to be shortlisted, the information submitted should include the following:
• company profile, organisation and staffing;
• details of experience or similar assignments undertaken in the previous five years, including their locations;
• CVs of staff who could be available to work on the assignment.
The expression of interest must be accompanied by a completed Contact Sheet, the template for which is available from the following web-link: http://www.ebrd.com/oppor/procure/opps/contact_sheet.doc
The above information should not exceed 25 pages excluding CVs.
3 copies of the above information, in English, should be submitted to the Bank in an envelope marked Expression of Interest for Baku Stock Exchange Capital Market Participants, to reach the Bank not later than the above closing date.
IN ADDITION, PLEASE SEND YOUR EXPRESSION OF INTEREST TO BAKU STOCK EXCHANGE BY EMAIL ON OR BEFORE THE CLOSING DATE.
Note: Following this Invitation for Expression of Interest, a shortlist of qualified firms will be formally invited to submit proposals. Shortlisting and selection will be subject to the availability of funding from an appropriate donor.
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