RFP QuestBeta
ClosedStage · preprocurement

BANK OF ENGLAND

Review of Securities Settlement and Collateral Management Operations

Software & IT SystemsCPV 48000000 72000000
ValueValue not published
Deadline18 Dec 2023
Published22 Nov 2023
RegionLondon
Timeline
Published 22 Nov 2023ClosedCloses 18 Dec 2023
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The brief

The Bank of England is the United Kingdom's central bank and exists to ensure monetary and financial stability.

It sets interest rates to achieve the inflation target; has responsibility for UK financial stability; is active in a range of financial markets; and issues bank notes.

The Bank is reviewing its financial markets securities settlement, collateral management and asset servicing operations.

This includes a review of the Bank's main collateral management and settlement systems and the related operating model considerations.

The RFI document can be found at https://supplierlive.proactisp2p.com/Account/Login and includes further detail on the Bank's operations and considerations, including the information requested from interested suppliers.

The deadline to respond is 17:00 18/12/23.

The Bank is reviewing its securities settlement, collateral management and asset servicing operations.

This includes a review of the Bank's main collateral management and settlement systems and the related operating model considerations, and how to respond and be ready for ongoing and future post trade innovation and 'digitisation' in particular.

As part of the Bank's review, this RFI is designed to further inform the Bank's thinking, both in terms of its future operating model as well as potential system solutions.

The Bank would welcome engagement from a range of suppliers, system integrators and service providers.

This will allow the Bank to gather and assess responses from the wider market, and to then use these responses to facilitate engagement and to support any future decision making regarding any future processes.

The Bank is also looking to form a view on the likely costs, with due regard to value for money considerations, to enable it to set reasonable budgets for the capabilities it may need.

It is not the intent of the Bank to compare responses for the purposes of any pre-qualification or short listing.

This is a 'Request For Information' only.

Key requirements

What the supplier must deliver

01

The Bank of England is the United

The Bank of England is the United Kingdom's central bank and exists to ensure monetary and financial stability.

02

The Bank would welcome engagement from

The Bank would welcome engagement from a range of suppliers, system integrators and service providers.

03

This will allow the Bank to gather

This will allow the Bank to gather and assess responses from the wider market, and to then use these responses to facilitate engagement and to support any future decision making regarding any future processes.

Derived from the notice text — always confirm against the original documents.

Buyer intelligence

Make the case to bid

Reveal who to approach at BANK OF ENGLAND, and generate a go-to-market strategy from their news, accounts and people.

Source & provenance
OCID
a1bb0ab2-e8db-429c-8835-c76e993a2721
Stage
preprocurement · Closed
Source
Contracts Finder
Buyer ref
Review of Securities Settlement and Collateral Management Operations
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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