Item 57 of the Regulation permits CNED to approve financing products combining guarantees and compensation without separately approving products for each instrument. The consultancy shall assess the implications of separate and combined products and prepare the structure agreed with CNED. Draft products shall be consulted with creditors before approval, in accordance with item 58 of the Regulation.

The Financing Product(s), Operational Manual(s), collaboration contract template and commission methodology shall provide a consistent operational framework for CNED to administer the financial instruments in accordance with GD No. 382/2026.

Expertise France intends to acquire consultancy services from two qualified local consultants to carry out the following distinct assignments:

1.       Draft, review and finalise the separate or combined Financing Product(s) and the template of the collaboration contract between CNED and creditors, as detailed under Assignment no. 1.

2.       Draft, review and finalise the related Operational Manual(s) and the guarantee commission methodology, as detailed under Assignment no. 2.

Scope of Work and indicative list of tasks:

The consultants shall carry out the following tasks under the supervision of the Expertise France TAF project Team Leader and in coordination with CNED. Each assignment with respective scope of tasks and document component is assigned to one consultant. Inputs exchanged between the assignments shall be incorporated by the author responsible for the receiving document.

Assignment no. 1:

ü  Review the approved Regulation, applicable legislation, existing CNED product documentation and relevant banking practice to identify requirements for product design and substantive contractual conditions. Record the product decisions requiring clarification by CNED.

ü  Assess separate and combined product structures and agree the proposed structure with CNED. Define product objectives, eligible beneficiaries, creditors, loans and investments, and the relationship with the MREEF grant mechanism.

ü  Draft the product conditions governing guarantee coverage, amounts, duration, maximum continuous exposure, compensation eligibility and calculation, interest-rate limits and adjustments, amendments, termination, guarantee claims and recoveries. Reflect the prescribed regulatory limits and formulas, distinguishing mandatory requirements from decisions available to CNED.

ü  Specify the substantive financial and risk requirements for the products, including relevant resource-availability requirements under item 56 of the Regulation. Supply the product assumptions and information needed for the commission analysis under Assignment 2. Resolve product choices raised by that analysis.

ü  Draft the collaboration contract template and its contractual annexes. Set out creditor eligibility and continuing compliance, required loan-contract provisions, information exchange, reporting and payment obligations, guarantee issuance, claims and recoveries, commission collection and transfer, compensation arrangements, and consequences of non-compliance. Use the regulatory rules and the operational procedures and templates supplied under Assignment 2.

ü  Incorporate the validated annual guarantee commission rate and applicable methodology references supplied under Assignment 2 into the products and collaboration contract. Consult the complete draft product conditions with creditors before finalisation, as required by item 58 of the Regulation, and document the treatment of comments concerning the products and contract.

ü  Finalise the Financing Product(s) and collaboration contract template for submission to CNED for approval. Resolve product and contractual issues identified during operational validation through revisions to these documents.

ü  Check cross-document consistency, and assemble and submit all three final deliverables.

Estimated workload: up to 29 consultant-days. This comprises 18 days for product design, drafting and consultation, 7 days for the collaboration contract template, and 4 days for coordination, integration and consolidated submission. These indicative allocations are included in the assignment ceiling.

Assignment no. 2:

ü  Review existing CNED organisational responsibilities, procedures, controls, document flows and reporting arrangements to identify implementation requirements and operational gaps. Review available administrative-cost, credit-risk and portfolio data needed for the commission methodology.

ü  Develop the methodology for determining and reviewing the annual guarantee commission rate in accordance with items 28–30 of the Regulation. Assess the administrative and operational expenditure and/or credit risk to be covered, define data sources, assumptions and parameters, substantiate the proposed rate or rates, and identify limitations requiring CNED decisions.

ü  Describe and test application of the prescribed monthly commission formula, as per item 30 of the Regulation. Include worked examples, sensitivity analysis, calculation conventions consistent with the Regulation, and arrangements for review and approval of the annual rate. Submit the methodology and recommended rate for CNED validation before completion of the products.

ü  Map and draft the complete operational processes for creditor selection and continuing eligibility checks, application intake and verification, risk assessment, approval, contracting interfaces, guarantee issuance, compensation calculation and payment, amendments, monitoring, guarantee claims and recoveries, and closure. Reflect the statutory deadlines and suspension rules. Identify each responsible function, required input, decision point and record.

ü  Prepare workflow diagrams, staff responsibilities, approval matrices, verification checklists, application forms, decision and notification templates, registers and reporting forms. Develop the operational templates as manual annexes and supply those required for incorporation or cross-reference in the collaboration contract under Assignment 1.

ü  Define the procedures and controls for creditors’ monthly calculation and collection of commissions from beneficiaries and transfer to CNED, including verification, reporting deadlines, reconciliation, error correction and unpaid amounts. Apply the statutory formula and rate determined through the methodology.

ü  Define compensation payment controls, quarterly reference-rate updates, guarantee-payment and recovery calculations, record retention and audit trails. Establish operational risk controls and the monitoring and reporting arrangements supporting items 56 and 60 of the Regulation, consistently with the product requirements supplied under Assignment 1.

ü  Validate the methodology with CNED and discuss its application with relevant creditors. Test the manuals and forms through operational walkthroughs using agreed product terms. Document and address comments concerning the manuals and methodology.

ü  Finalise the Operational Manual(s), their annexes and the commission methodology. Update their own provisions following agreed consultation changes, and provide the final files and component-specific comment responses for consolidated submission under Assignment 1.

Estimated workload: up to 29 consultant-days, comprising 18 days for operational mapping, manuals, forms and validation, and 11 days for commission analysis, methodology, testing and consultation. These indicative allocations are included in the assignment ceiling.

Expected deliverables and estimated deadlines:

The implementation of the scope of work shall be confirmed by the three final draft deliverables summarised below.

Work management arrangements:

The consultants shall work concurrently where the required inputs are available.

The consultant responsible for Assignment 1 shall coordinate the work and be responsible for the consistency, completeness and consolidated submission of the final deliverables. The consultant responsible for Assignment 2 shall remain responsible for preparing and correcting the manuals, operational annexes and commission methodology. Each consultant shall prepare only the tasks and document components allocated to their assignment.

The consultants will work under the supervision of the Expertise France project Team Leader and in coordination with representatives of the CNED.

Financial arrangements:

Payment to each consultant shall be made in one instalment after submission of the complete final package and acceptance by Expertise France, based on CNED’s opinion