---
title: "HSBC contract for their solicitation work (Solicitation Agency Agreement) (con_11282)"
ocid: "ocds-b5fd17-4cce755e-d5e2-4e59-afc2-8c045414aeef"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-4cce755e-d5e2-4e59-afc2-8c045414aeef"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-4cce755e-d5e2-4e59-afc2-8c045414aeef.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-4cce755e-d5e2-4e59-afc2-8c045414aeef.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR EDUCATION"
published: "2021-08-31"
---

# HSBC contract for their solicitation work (Solicitation Agency Agreement) (con_11282)

Buyer: DEPARTMENT FOR EDUCATION  
Current stage: Award  
OCID: ocds-b5fd17-4cce755e-d5e2-4e59-afc2-8c045414aeef

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-4cce755e-d5e2-4e59-afc2-8c045414aeef)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-4cce755e-d5e2-4e59-afc2-8c045414aeef.json)

## Summary

The Department for Education, located in London, has recently concluded a contract for HSBC UK Bank PLC, pertaining to solicitation work related to the modification of the LIBOR to SONIA base rate. This procurement, classified under financial and insurance services, was executed through a direct procurement method, specifically a single tender action below the threshold, with a total value of £75,000. The contract period commenced on 25 March 2021 and concluded on 30 September 2021. The award notice was published on 31 August 2021.

This tender presents valuable growth opportunities for businesses, particularly those offering financial consultancy or related services. Small and medium-sized enterprises (SMEs) with expertise in pricing methodologies and compliance with regulatory standards would be well-suited to compete in future tenders of a similar nature, enabling them to leverage their skills in a competitive market. Businesses looking to establish partnerships with large organisations like HSBC may find advantageous synergies in these procurement processes.

## Notice

The contracted work relates to solicitation of the LIBOR to SONIA base rate modification. Within the scope of this work, HSBC determined the pricing methodology for the amendment, liaised with the Rating Agencies to confirm no adverse effects of this methodology, determined the applicable adjusted margin on the pricing date and responded to queries from noteholders.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/6934f0a1-6f76-47c0-80b4-765e00a367fc |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 31 Aug 2021 |
| Submission deadline | 18 Mar 2021 |
| Future notice date | Not specified |
| Award date | 25 Mar 2021 |
| Contract period | 25 Mar 2021 - 30 Sep 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £75,000 |
| Lots value | Not specified |
| Awards value | £75,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DEPARTMENT FOR EDUCATION |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1P 3BT |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | HSBC UK BANK |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 31 Aug 2021 at 18:50 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/6934f0a1-6f76-47c0-80b4-765e00a367fc

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/6934f0a1-6f76-47c0-80b4-765e00a367fc
  31st August 2021 - Awarded contract notice on Contracts Finder

## Notice URLs

- https://www.gov.uk/government/organisations/department-for-education/about/procurement

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-4cce755e-d5e2-4e59-afc2-8c045414aeef. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-4cce755e-d5e2-4e59-afc2-8c045414aeef.json.