---
title: "Markit Renewal Addendum - iBoxx Data for PRA Risk Free Rates"
ocid: "ocds-b5fd17-60dbf6d2-0939-4379-ae5d-44daf6592fa1"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-60dbf6d2-0939-4379-ae5d-44daf6592fa1"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-60dbf6d2-0939-4379-ae5d-44daf6592fa1.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-60dbf6d2-0939-4379-ae5d-44daf6592fa1.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2022-03-30"
---

# Markit Renewal Addendum - iBoxx Data for PRA Risk Free Rates

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-60dbf6d2-0939-4379-ae5d-44daf6592fa1

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-60dbf6d2-0939-4379-ae5d-44daf6592fa1)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-60dbf6d2-0939-4379-ae5d-44daf6592fa1.json)

## Summary

The Bank of England has completed a direct award tender titled "Markit Renewal Addendum - iBoxx Data for PRA Risk Free Rates." This procurement falls under the software package and information systems category and is focused on creating Solvency II Risk Free Rates information, which is a business-critical function. The tender period ended on 21 January 2022, with the contract specified to commence on 24 January 2022 and conclude on 23 January 2025. The total contract value is £171,000, and it is located in London, England.

This tender presents an opportunity for larger businesses with expertise in software systems and financial data compliance to engage in contracts with the Bank of England. Companies that specialise in providing financial data solutions, risk management software, or related services would be well-suited to compete in similar future tenders. The outcome of this procurement can foster relationships and expand market reach for such businesses in the public sector.

## Notice

This specific data is required to create Solvency II Risk Free Rates information. The Bank has a legal requirement to publish this information and is a Business Critical Function

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/2b7b6a6b-3971-45d4-a34d-8c2f4088179f |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Direct |
| Procurement method details | Direct award |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 30 Mar 2022 |
| Submission deadline | 21 Jan 2022 |
| Future notice date | Not specified |
| Award date | 22 Jan 2022 |
| Contract period | 24 Jan 2022 - 23 Jan 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £171,000 |
| Lots value | Not specified |
| Awards value | £171,000 |
| 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 | BANK OF ENGLAND |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2R 8AH |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Walbrook |
| 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 | IHS MARKIT |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48000000 - Software package and information systems

## Release History

- 30 Mar 2022 at 10:40 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/2b7b6a6b-3971-45d4-a34d-8c2f4088179f

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/2b7b6a6b-3971-45d4-a34d-8c2f4088179f
  30th March 2022 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://www.bankofengland.co.uk

## 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-b5fd17-60dbf6d2-0939-4379-ae5d-44daf6592fa1. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-60dbf6d2-0939-4379-ae5d-44daf6592fa1.json.