Tender

Equity Downside Risk management

WIRRAL BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

TenderAmendment

10 Jul 2018 at 15:52

Tender Notice
Tender

02 Jul 2018 at 13:28

Tender Notice
Summary of the contracting process

The Wirral Borough Council is seeking tenders for its project titled "Equity Downside Risk Management," aimed at controlling equity risk over a medium-term horizon of approximately 18 months. This procurement falls under the services category, specifically within the financial and insurance services sector, and is located in the North West of England. The procurement process is currently in the Tender stage, with the tender period set to end on 1 August 2018. The contract is expected to commence on 15 October 2018 and run until 14 October 2022, with a maximum notional value of approximately £2 billion.

This tender presents significant opportunities for businesses specialising in financial management and risk mitigation solutions. Companies with expertise in providing equity overlay strategies, particularly those capable of delivering customised approaches, should consider competing in this tender. Specifically, organisations that can handle large mandates and have experience in complex financial instruments, such as put-spread collars, would be well-suited to participate, potentially benefiting from the substantial requirements of multiple individual plans within this framework.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Equity Downside Risk management

Notice Description

Merseyside is seeking to control equity risk on a medium-term basis (c.18 months horizon) and possibly on a longer term strategic basis through the use of an equity overlay solution(s). This opportunity is to identify providers capable of supporting Merseyside with their equity overlay needs which may range from basic put protection through to more complex strategies (e.g. put-spread collar or other such structures). Initially the exercise will focus on selection of a manager or managers to provide a put-spread collar with a preference for a cost-neutral solution. However, managers should be able to offer a customised approach to fit a range of different plan requirements within the aggregate pool. The maximum notional size of the mandate is c.PS2 billion. This comprises multiple individual plans with their own requirements; potentially c.10 different overlay parametrisations will be required with a minimum lot size of PS150m. Merseyside are seeking to identify and appoint a framework of approved equity overlay managers for use as required by its underlying plans.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8e5dff70-70fc-42a4-8379-27ea83e1ef15
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8dd7a25c-fea8-4dbb-9df0-120e575778eb
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive dialog
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£5,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Jul 20187 years ago
Submission Deadline
9 Aug 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
14 Oct 2018 - 14 Oct 2022 4-5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WIRRAL BOROUGH COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BIRKENHEAD
Postcode
CH41 5AL
Post Town
Chester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD74 Wirral
Delivery Location
TLD North West (England)
Local Authority
Wirral
Electoral Ward
Birkenhead and Tranmere
Westminster Constituency
Birkenhead

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-8e5dff70-70fc-42a4-8379-27ea83e1ef15-2018-07-10T16:52:44+01:00",
    "date": "2018-07-10T16:52:44+01:00",
    "ocid": "ocds-b5fd17-8e5dff70-70fc-42a4-8379-27ea83e1ef15",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "WIRLC001-DN348547-12761266",
        "title": "Equity Downside Risk management",
        "description": "Merseyside is seeking to control equity risk on a medium-term basis (c.18 months horizon) and possibly on a longer term strategic basis through the use of an equity overlay solution(s). This opportunity is to identify providers capable of supporting Merseyside with their equity overlay needs which may range from basic put protection through to more complex strategies (e.g. put-spread collar or other such structures). Initially the exercise will focus on selection of a manager or managers to provide a put-spread collar with a preference for a cost-neutral solution. However, managers should be able to offer a customised approach to fit a range of different plan requirements within the aggregate pool. The maximum notional size of the mandate is c.PS2 billion. This comprises multiple individual plans with their own requirements; potentially c.10 different overlay parametrisations will be required with a minimum lot size of PS150m. Merseyside are seeking to identify and appoint a framework of approved equity overlay managers for use as required by its underlying plans.",
        "datePublished": "2018-07-02T14:28:44+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66000000",
            "description": "Financial and insurance services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "North West",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "North West",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 5000000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Competitive dialog",
        "tenderPeriod": {
            "endDate": "2018-08-09T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2018-10-15T00:00:00+01:00",
            "endDate": "2022-10-14T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/8dd7a25c-fea8-4dbb-9df0-120e575778eb",
                "datePublished": "2018-07-10T16:52:44+01:00",
                "format": "text/html",
                "language": "en"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-87777",
            "name": "Wirral Borough Council",
            "identifier": {
                "legalName": "Wirral Borough Council"
            },
            "address": {
                "streetAddress": "Old Market House, 3rd Floor, South Wing, Hamilton Street",
                "locality": "Birkenhead",
                "postalCode": "CH41 5AL",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "tenders@wirral.gov.uk",
                "telephone": "+44 1516662000"
            },
            "details": {
                "url": "http://www.wirral.gov.uk/"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-87777",
        "name": "Wirral Borough Council"
    }
}