Global Custody Services

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    "date": "2020-08-28T00:00:00Z",
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        {
            "id": "org-14",
            "name": "Glasgow City Council as the administering authority for the Strathclyde Pension Fund",
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                "url": "http://www.spfo.org.uk"
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        {
            "id": "org-15",
            "name": "Hymans Robertson LLP",
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                "streetAddress": "20 Waterloo Street",
                "locality": "Glasgow",
                "region": "UKM82",
                "postalCode": "G2 6DB"
            },
            "contactPoint": {
                "name": "Josh Pilley",
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            "contactPoint": {
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    "buyer": {
        "name": "Glasgow City Council as the administering authority for the Strathclyde Pension Fund",
        "id": "org-14"
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    "tender": {
        "id": "ocds-r6ebe6-0000622176",
        "title": "Global Custody Services",
        "description": "Glasgow City Council, as administering authority to the Strathclyde Pension Fund, is seeking to appoint a global custodian or custodians (\"the Custodian\") to provide a global custody network (either directly or via a sub custodian arrangement) for safe keeping and settlement of assets, investment accounting and performance measurement services, supporting a multi-manager investment structure covering the major and alternative asset classes held in segregated mandates and pooled funds. The Custodian will need to be able to comply with LGPS regulations. The contract will commence on the Commencement Date as detailed in the contract and shall continue in full force and effect until terminated in accordance with the terms of the CSA. The contract will commence on the Commencement Date as detailed in the contract and shall continue in full force and effect until terminated in accordance with the terms of the CSA. Please refer to Clause 2.1 of the attached MCA for full details.",
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                "relatedLot": "1"
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        "tenderPeriod": {
            "endDate": "2020-10-02T17:00:00Z"
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        "awardPeriod": {
            "startDate": "2020-10-02T17:00:00Z"
        },
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                "id": "AUG393452",
                "documentType": "contractNotice",
                "title": "Global Custody Services",
                "description": "Glasgow City Council, as administering authority to the Strathclyde Pension Fund, is seeking to appoint a global custodian or custodians (\"the Custodian\") to provide a global custody network (either directly or via a sub custodian arrangement) for safe keeping and settlement of assets, investment accounting and performance measurement services, supporting a multi-manager investment structure covering the major and alternative asset classes held in segregated mandates and pooled funds. The Custodian will need to be able to comply with LGPS regulations. The contract will commence on the Commencement Date as detailed in the contract and shall continue in full force and effect until terminated in accordance with the terms of the CSA. The contract will commence on the Commencement Date as detailed in the contract and shall continue in full force and effect until terminated in accordance with the terms of the CSA. Please refer to Clause 2.1 of the attached MCA for full details.",
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            {
                "id": "AUG393452-1",
                "title": "Custody ITT",
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                "datePublished": "2020-08-31T08:55:32Z",
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            {
                "id": "AUG393452-4",
                "title": "Draft Master Custody Agreement",
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                "datePublished": "2020-08-31T08:55:32Z",
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                "title": "Custody ITT",
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                "title": "Fund Information",
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                "datePublished": "2020-09-21T12:26:50Z",
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                "title": "FX Management",
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                "description": "Glasgow City Council, as administering authority to the Strathclyde Pension Fund is seeking to appoint a global custodian or custodians (\"the Custodian\") to provide a global custody network (either directly or via a sub custodian arrangement) for safe keeping and settlement of assets, investment accounting and performance measurement services, supporting a multi-manager investment structure covering the major and alternative asset classes held in segregated mandates and pooled funds. The Custodian will need to be able to comply with LGPS regulations. The contract will commence on the Commencement Date as detailed in the contract and shall continue in full force and effect until terminated in accordance with the terms of the CSA. The contract will commence on the Commencement Date as detailed in the contract and shall continue in full force and effect until terminated in accordance with the terms of the CSA. Please refer to Clause 2.1 of the attached MCA for full details.",
                "status": "active",
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                    "criteria": [
                        {
                            "type": "quality",
                            "name": "Mandate Experience",
                            "description": "5"
                        },
                        {
                            "type": "price",
                            "description": "20"
                        }
                    ]
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                },
                "contractPeriod": {
                    "durationInDays": 1800
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "As per the Master Custody Agreement."
                }
            }
        ],
        "bidOpening": {
            "date": "2020-10-02T17:00:00Z"
        },
        "coveredBy": [
            "GPA"
        ],
        "selectionCriteria": {
            "criteria": [
                {
                    "type": "suitability",
                    "description": "Please refer to Section 3 - Exclusion - of the ESPD in relation to this section."
                },
                {
                    "type": "economic",
                    "description": "Please provide details of your firm's assets under custody as at 31 December for each of the last 5 years. All details should be shown in GBPm.",
                    "minimum": "The following minimum standards are required for this search: - Must be appropriately regulated to provide Global Custody services to a UK LGPS pension fund; - Bidders must be FCA authorised and able to comply with appropriate Local Government Pension Scheme (\"LGPS\") regulations; - Bidders must provide satisfactory answers to the questions asked in the Council Questions section of the European Single Procurement Document (\"ESPD\"); - Bidders must have assets under custody for UK pension clients of a minimum of 20x the size of the Fund's assets. For the purposes of this ITT the minimum threshold is set at 200bn; - Bidders must have a minimum long term (S&P) credit rating of A+ for the entity that the Fund would contract with; - Bidders must have a minimum Tier 1 capital ratio of 10% for the entity that the Fund would contract with; - Bidders must have a maximum Tier 1 leverage ratio of 10% for the entity that the Fund would contract with;"
                },
                {
                    "type": "technical",
                    "description": "Please refer to Question 4C.1/4C1.2 to find details of the Technical , Professional and Capability criteria required for this mandate."
                }
            ]
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                "en"
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        },
        "classification": {
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            "scheme": "CPV"
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        "reviewDetails": "Glasgow City Council (\"the Council\") must, by notice in writing as soon as possible after the decision has been made, inform all tenderers and candidates concerned of its decision to award the contract, conclude the framework agreement or establish a dynamic purchasing system. The Council must allow a period of at least the relevant standstill period (where the notice is sent by facsimile or electronic means the period is 10 days ending at midnight at the end of the 10th day after that on which the notice was last sent, when sent by other means the period is 15 days) to elapse between the date of despatch of the notice referred to in Regulation 85(1) of the Public Contracts (Scotland) Regulations 2015 (\"the Regulations\"). The Council is obliged to comply with the Regualtions and any eligible economic operator can bring an action in the Sheriff Court or the Court of Session where as a consequence of a breach by the Council, suffers or risks suffering loss or damage. The bringing of court proceedings during the standstill period means that the Council must not enter into the contract, conclude the framework agreement or establish the dynamic purchasing system unless the proceedings are determined, discontinued or disposed of; or the court, by interim order, brings to en end the prohibition. The bringing of court proceedings after the standstill period has elapsed and the remedies that are available tot he courts are detailed in the Regulations. Economic Operators can write to the Council seeking further clarification on the Notice, to which the Council must respond within 15 days. Economic Operators should be mindful to seek their own independent legal advice when they consider appropriate to do so.",
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    "language": "EN",
    "description": "NOTE: To register your interest in this notice and obtain any additional information please visit the Public Contracts Scotland Web Site at https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=622176. The buyer has indicated that it will accept electronic responses to this notice via the Postbox facility. A user guide is available at https://www.publiccontractsscotland.gov.uk/sitehelp/help_guides.aspx. Suppliers are advised to allow adequate time for uploading documents and to dispatch the electronic response well in advance of the closing time to avoid any last minute problems. The Contracting Authority does not intend to include a sub-contract clause as part of community benefits (as per Section 25 of the Procurement Reform (Scotland) Act 2014) in this contract for the following reason: Not applicable. The Contracting Authority does not intend to include any community benefit requirements in this contract for the following reason: Community Benefits do not apply to the services being provided. (SC Ref:622176) Download the ESPD document here: https://www.publiccontractsscotland.gov.uk/ESPD/ESPD_Download.aspx?id=622176",
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