Notice Information
Notice Title
Provision of Macroeconomic Data and Forecast Scenarios for IFRS 9 compliance at UK Export Finance
Notice Description
The requirement is for the incorporation of forward-looking information on an unbiased and probability-weighted basis in the calculation of Expected Credit Losses (ECL). The ECL is comprised of three elements: Exposure at Default (EAD), Loss Given Default (LGD) and Probability of Default (PD). The requirements of IFRS 9 are typically captured by forecasts of economic conditions - multiple macroeconomic scenarios with their own probability weights are needed in the calculation of the ECL. To build, test and operationalise new IFRS 9 models, UKEF needs to procure 1) macroeconomic time-series historic data and 2) IFRS 9 compliant macroeconomic forecast scenarios with probability weights.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-bd2db28f-ca9d-4b64-a232-7522d7f02409
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/fae13dfa-06e0-4e04-95b2-79eb8adacc5e
- Current Stage
- Award
- All Stages
- Award
Procurement Classification
- Notice Type
- Award Notice
- Procurement Type
- Dynamic
- Procurement Category
- Services
- Procurement Method
- Selective
- Procurement Method Details
- Call-off from a dynamic purchasing system
- Tender Suitability
- SME, VCSE
- Awardee Scale
- Large
Common Procurement Vocabulary (CPV)
- CPV Divisions
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
79300000 - Market and economic research; polling and statistics
79900000 - Miscellaneous business and business-related services
Notice Value(s)
- Tender Value
- Not specified
- Lots Value
- Not specified
- Awards Value
- £205,000 £100K-£500K
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 14 Jul 20232 years ago
- Submission Deadline
- 4 Apr 2023Expired
- Future Notice Date
- Not specified
- Award Date
- 18 Jun 20232 years ago
- Contract Period
- 18 Jun 2023 - 19 Jun 2026 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
- DEPARTMENT FOR INTERNATIONAL TRADE
- Contact Name
- UK Export Finance
- Contact Email
- commercialddat@trade.gov.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- LONDON
- Postcode
- SW1A 2HQ
- Post Town
- South West 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
- TLJ South East (England)
-
- Local Authority
- Westminster
- Electoral Ward
- St James's
- Westminster Constituency
- Cities of London and Westminster
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/fae13dfa-06e0-4e04-95b2-79eb8adacc5e
14th July 2023 - Awarded contract notice on Contracts Finder
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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