Award

Loan Arranger Services

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 1 release in its history.

Award

23 Sep 2021 at 09:35

Award Notice
Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) is conducting a procurement process for Loan Arranger Services, focusing on banking and investment services. This process involves appointing a single service provider for coordinating the refinancing of FSCS's existing £1.45 billion syndicated revolving credit facility, with the contract period commencing on 23rd September 2021 and concluding on 16th September 2025. The procurement method utilised is an open procedure, and the tender period concluded on 21st September 2021. The relevant location for this tender is London, United Kingdom, with an estimated contract value of £460,000.

This opportunity is particularly suitable for larger financial institutions and service providers that offer specialised banking and investment capabilities. Businesses that can demonstrate experience in managing substantial financial facilities or have roles in refinancing could significantly benefit from this procurement. Given the strategic nature of the services required, firms with expertise in coordinating complex financial arrangements and agent bank responsibilities are encouraged to engage in future opportunities arising from this procurement process.

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Notice Information

Notice Title

Loan Arranger Services

Notice Description

FSCS is seeking to appoint under the Loan Arranger Services Framework agreement, a) a single service provider for the co-ordination of the refinancing of FSCS's existing PS1.45bn syndicated revolving credit facility, as may be amended from time to time (Lot 1) and, b) a single service provider for the co-ordination of the refinancing of FSCS's existing PS1.45bn syndicated revolving credit facility, as may be amended from time to time, with Agent bank responsibilities to administer the facility (Lot 2).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-adb3bfcd-9d3b-45be-a1f5-73ee69555a75
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2116f87f-c53d-40b2-ac2e-766970169f3f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£460,000 £100K-£500K
Lots Value
Not specified
Awards Value
£460,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Sep 20214 years ago
Submission Deadline
20 Sep 2021Expired
Future Notice Date
Not specified
Award Date
20 Sep 20214 years ago
Contract Period
22 Sep 2021 - 16 Sep 2025 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME
Contact Name
Not specified
Contact Email
procurement@fscs.org.uk
Contact Phone
+442073758175

Buyer Location

Locality
LONDON
Postcode
EC3A 7QU
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
Portsoken
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
2
Supplier Names

BARCLAYS BANK

NATIONAL WESTMINSTER BANK

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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