Planning

Review of Securities Settlement and Collateral Management Operations

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Planning

22 Nov 2023 at 09:06

Market Engagement Notice
Summary of the contracting process

The Bank of England, a significant financial institution in the United Kingdom, is conducting a procurement process titled "Review of Securities Settlement and Collateral Management Operations" in the software and IT services industry category. The procurement stage is currently in the planning phase, with an engaged end date of 18th December 2023. The Bank is seeking engagement from potential suppliers to review its financial markets operations regarding securities settlement, collateral management, and asset servicing, with a focus on system solutions and future innovations.

This tender by the Bank of England offers opportunities for suppliers, system integrators, and service providers in the software and IT services sector to engage in a collaborative review process. The Bank aims to gather insights from the market to inform its future operating model and potential system solutions, without any pre-qualification or shortlisting. Interested businesses, especially those with expertise in financial market operations, are encouraged to respond to the Request for Information by the deadline to contribute to the Bank's decision-making and future budget considerations.

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Notice Information

Notice Title

Review of Securities Settlement and Collateral Management Operations

Notice Description

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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9a9c0d4d-183a-4fc7-8c28-4181cb03c342
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a1bb0ab2-e8db-429c-8835-c76e993a2721
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

72 - IT services: consulting, software development, Internet and support

CPV Codes

48000000 - Software package and information systems

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
22 Nov 20232 years ago
Submission Deadline
Not specified
Future Notice Date
18 Dec 2023Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
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
EC2R 8AH
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

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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