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Banking and Custodian Services

British Business Bank

This public procurement record has 1 release in its history.

Tender

08 Sep 2026 at 21:10

UK4 - Tender Notice
Summary of the contracting process

British Business Bank Plc is procuring a single supplier to implement and deliver banking and custody services. The work covers the safekeeping, settlement, asset servicing, reporting and valuation of Asset Backed Securities, Tier 2 securities and other listed debt instruments. Where required, the supplier must also support primary-market activity and securities financing. The services are intended to protect the Bank’s assets, maintain operational control, enable accurate and timely settlement, and meet legal, regulatory and institutional custody standards. The requirement may expand to additional listed debt instruments and related custody services as the Bank’s programme suite develops. The services fall within custody, financial transaction processing and financial consultancy categories, and will be delivered for the Bank’s United Kingdom operations.

The procurement has reached tender: the Bank invited offers through an open procedure. It comprises one lot, with a stated value of £1,500,000. Questions had to be submitted by 30 September 2026 at 23:59, and tenders by 7 October 2026 at 15:00, using the electronic submission portal. The award decision was due by 16 November 2026 at 23:59. The contract period is 4 January 2027 to 3 January 2030, with an optional one-year extension to a maximum term ending 3 January 2031. Evaluation is based on price at 45%, quality questions at 45% and social value at 10%. The Bank expects portfolio volumes and transactions to increase and may vary the contract and pricing schedule accordingly under the Procurement Act 2023.

This opportunity suits banks, custodians and specialist financial-services providers with the systems and operational capability to safeguard and administer institutional portfolios of asset-backed and other listed debt securities. Strong candidates will be able to manage settlement, asset servicing, valuation, reporting and effective operational controls across changing asset volumes, while supporting primary-market transactions and securities financing when required. Suppliers should be able to demonstrate processes that meet applicable legal, regulatory and institutional custody standards, with reliable controls for asset protection, compliance and accurate transaction processing. The requirement is identified as suitable for small and medium-sized enterprises, but the appointed provider must act as the single supplier and have sufficient capacity to support portfolio and transaction growth over the contract term.

How relevant is this notice?

Notice Information

Notice Title

Banking and Custodian Services

Notice Description

The British Business Bank (The Bank) is seeking a single supplier for the implementation and ongoing delivery of banking and custody services. The services will support the safekeeping, settlement, asset servicing, reporting, valuation and, where required, securities financing of Asset Backed Securities (ABS), Tier 2 securities and other listed debt instruments required by the Bank's evolving programme suite. The objectives are to protect the Bank's assets, maintain effective operational control, enable timely and accurate settlement and asset servicing, support relevant primary-market and securities-financing activity (if required), and ensure compliance with applicable legal, regulatory and institutional custody standards. The Bank's investment and programme requirements may evolve during the Contract Term. The Supplier shall be capable of supporting additional listed debt instruments and related custody services where agreed. The pricing schedule submitted as part of this tender is based on the Bank's current portfolio position (asset, volumes and transaction levels) as at the date of this notice. Tenderers should note that the underlying asset portfolio and associated service volumes/transactions are anticipated to increase over the term of the contract as the Bank's programme suite evolves. Accordingly, the Bank reserves the right to vary the contract, including the pricing schedule, during its term to reflect growth in the portfolio and transaction volumes. Any such variation will be conducted in accordance with the Procurement Act 2023. To access the tender documentation: https://www.delta-esourcing.com/respond/N85YVX62JX For more information about this opportunity, please visit the eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-Sheffield%2C:-Custody-services./N85YVX62JX To respond to this opportunity, please click here: https://www.delta-esourcing.com/respond/N85YVX62JX

Lot Information

Lot 1

Renewal: British Business Bank proposes to enter into a Contract for a period of four (4) years with an optional one (1) year extension, Maximum term being five (5) years

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06f51a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/085141-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66162000 - Custody services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£1,500,000 £1M-£10M
Lots Value
£1,500,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
8 Sep 20261 weeks ago
Submission Deadline
7 Oct 20263 weeks to go
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
4 Jan 2027 - 3 Jan 2030 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
British Business Bank
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD,
Postcode
S1 2GQ
Postcode Area
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
Not specified
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Further Information

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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