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Provision of Foreign Currency SUpply to 2028

Ministry of Defence

This public procurement record has 1 release in its history.

Planning

28 Jul 2026 at 11:25

Planned Procurement Notice
Summary of the contracting process

The Ministry of Defence intends to procure foreign currency supply and foreign exchange services, covering financial markets administration and currency exchange. The requirement is expected to support currency transactions across the United Kingdom, the Channel Islands, the Isle of Man, Europe, British Overseas Territories and the rest of the world. The work is classified under CPV 66150000 for financial markets administration services, with CPV 66180000 covering foreign exchange services. The contracting authority is the Ministry of Defence, based in Glasgow. The planned requirement is titled Provision of Foreign Currency Supply to 2028 and is intended to provide currency supply arrangements for the Ministry’s international and domestic needs.

This procurement is at the planning stage: the Ministry of Defence has stated an intention to procure, but has not issued an invitation to tender. The planned contract is expected to run from 1 September 2026 to 31 July 2028. Its stated value is £800,000,000. The buyer expects a further notice to be published on 28 July 2026. The procurement is not divided into lots in the published outline. The record identifies the requirement as a planned tender, with the intended purchasing method and evaluation approach to be established as the process develops. The buyer has indicated that the requirement is not suitable for small or medium-sized enterprises or voluntary, community and social enterprises.

This requirement is likely to suit established financial services providers with the infrastructure, liquidity, controls and international reach to supply foreign currency and manage foreign exchange transactions across a wide range of jurisdictions. Relevant suppliers should be able to support public-sector currency requirements at substantial scale, operate reliably across the United Kingdom, Europe and overseas territories, and manage transactions involving the rest of the world. The geographic scope favours providers with broad correspondent-bank or currency-provider networks and experience in cross-border foreign exchange. Businesses considering participation should monitor the planned procurement as it develops and prepare evidence of their currency supply capability, operational resilience, international coverage and experience serving complex institutional customers.

How relevant is this notice?

Notice Information

Notice Title

Provision of Foreign Currency SUpply to 2028

Notice Description

Provision of Foreign Currency Supply to 2028

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a8d36f42-c973-4c03-9faf-d3199302b3c8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5a32cbf4-ef97-4de7-97e2-3355038fd101
Current Stage
Planning
All Stages
Planning

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66150000 - Financial markets administration services

66180000 - Foreign exchange services

Notice Value(s)

Tender Value
£800,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
28 Jul 2026Expired
Award Date
Not specified
Contract Period
1 Sep 2026 - 31 Jul 2028 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Ministry of Defence
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G2 8EX
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
Not specified
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

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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