Notification 20.06.2017

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) announces Request for Service Proposal (RFP) for futures clearing and execution services in accordance with Chapter 5 of the Law of the Republic of Azerbaijan "On Public Procurements".

Clearing and execution brokers (“brokers”) have to meet the following requirements:

- Being CME Group member as a clearing broker;

- Being National Futures Association (NFA) member as futures commissions merchant

- Having (in case company itself does not have a credit rating, its parent) investment grade credit rating

- Being designated to sign a procurement agreement;

- Possession of free and unlimited disposal right over its property, also payment ability;

- Not being declared bankrupt, its property shouldn’t have been seized, not having any collateral charged and being a legal entity whose activities haven’t been suspended by a court decision;

- Not having any overdue liabilities on taxes or other compulsory payments due to the Republic of Azerbaijan;

- During the last 5 years firm’s professional activity shouldn’t have been suspended by a court decision due to the conviction of falsely stating the professional activity of the firm, its counterparties, employees or its qualification indicators with the purpose of signing a procurement agreement.

To obtain RFP documentation, managers may address below contact persons:

Bayazid Malikov, trader

Tel: +994 (12) 498 77 53 (ext. 1607)

E-mail: bmalikov@oilfund.az

Rustam Muradov, trader

Tel: +994 (12) 498 77 53 (ext. 1610)

E-mail: rmuradov@oilfund.az

Fax: +994 (12) 565 87 55

The proposals have to be sent to the following address not later than 17:00 local time, 1 August, 2017165 Heydar Aliyev Avenue, Baku, Republic of Azerbaijan, AZ1029