Tender

R5169_Global Custody Services for Tower Hamlets Pension Fund

TOWER HAMLETS

This public procurement record has 1 release in its history.

Tender

27 Oct 2017 at 15:32

Summary of the contracting process

The London Borough of Tower Hamlets is currently seeking tenders for the provision of Global Custody Services for its Pension Fund, with a contract valued at £245,000. This procurement process is at the tender stage, and interested organisations must submit their proposals by the deadline of 27th November 2017. The contract is expected to commence on 1st January 2018 and will last for three years, with a possible two-year extension. The procurement method is open, allowing a wide range of service providers to participate. The industry category is classified under trust and custody services, targeting providers capable of delivering comprehensive asset administration services across various global markets.

This tender presents a significant opportunity for businesses specialising in financial services, particularly those with expertise in custody and asset management. Potential bidders may be investment management firms, banks, or financial service companies that are well-versed in trade settlement, compliance monitoring, and similar activities. Suppliers equipped with online reporting capabilities and a strong understanding of regulatory requirements will be particularly well-suited to compete for this contract, which not only enhances the operational efficiency of the Tower Hamlets Pension Fund but also allows successful bidders to establish a long-term relationship with a local authority.

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Notice Title

R5169_Global Custody Services for Tower Hamlets Pension Fund

Notice Description

The London Borough of Tower Hamlets is seeking tenders from suitably skilled and qualified organisations for the provision of a Global Custody Service for the Council's Pension Fund. The successful bidder will be awarded a 3 year contract with the option to extend by another two years. The Global Custody Provider will provide services including but not limited to The provider will be required to supply the following Global Custody Services; safekeeping of assets in a range of global markets; trade settlement; tax reclaims; corporate actions instruction and collection; proxy voting facilitation; foreign exchange services; cash management; investment accounting; online reporting performance measurement; compliance monitoring; passive currency hedging, and other asset administration services which may arise from time to time.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0c251e02-76a8-4257-a986-004b212b6de2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0d5d1c84-e5f3-4a8f-961d-034d7a3364f7
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66160000 - Trust and custody services

Notice Value(s)

Tender Value
£245,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
27 Oct 20178 years ago
Submission Deadline
27 Nov 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jan 2018 - 31 Jan 2021 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
TOWER HAMLETS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 2BG
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London

Local Authority
Tower Hamlets
Electoral Ward
Poplar
Westminster Constituency
Poplar and Limehouse

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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