--- title: "Review of Securities Settlement and Collateral Management Operations" ocid: "ocds-b5fd17-9a9c0d4d-183a-4fc7-8c28-4181cb03c342" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-9a9c0d4d-183a-4fc7-8c28-4181cb03c342" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-9a9c0d4d-183a-4fc7-8c28-4181cb03c342.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-9a9c0d4d-183a-4fc7-8c28-4181cb03c342.json" source: "Contracts Finder" current_stage: "Planning" buyer: "BANK OF ENGLAND" published: "2023-11-22" --- # Review of Securities Settlement and Collateral Management Operations Buyer: BANK OF ENGLAND Current stage: Planning OCID: ocds-b5fd17-9a9c0d4d-183a-4fc7-8c28-4181cb03c342 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-9a9c0d4d-183a-4fc7-8c28-4181cb03c342) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-9a9c0d4d-183a-4fc7-8c28-4181cb03c342.json) ## Summary The Bank of England, a significant financial institution in the United Kingdom, is conducting a procurement process titled "Review of Securities Settlement and Collateral Management Operations" in the software and IT services industry category. The procurement stage is currently in the planning phase, with an engaged end date of 18th December 2023. The Bank is seeking engagement from potential suppliers to review its financial markets operations regarding securities settlement, collateral management, and asset servicing, with a focus on system solutions and future innovations. This tender by the Bank of England offers opportunities for suppliers, system integrators, and service providers in the software and IT services sector to engage in a collaborative review process. The Bank aims to gather insights from the market to inform its future operating model and potential system solutions, without any pre-qualification or shortlisting. Interested businesses, especially those with expertise in financial market operations, are encouraged to respond to the Request for Information by the deadline to contribute to the Bank's decision-making and future budget considerations. ## Notice The Bank of England is the United Kingdom's central bank and exists to ensure monetary and financial stability. It sets interest rates to achieve the inflation target; has responsibility for UK financial stability; is active in a range of financial markets; and issues bank notes. The Bank is reviewing its financial markets securities settlement, collateral management and asset servicing operations. This includes a review of the Bank's main collateral management and settlement systems and the related operating model considerations. The RFI document can be found at https://supplierlive.proactisp2p.com/Account/Login and includes further detail on the Bank's operations and considerations, including the information requested from interested suppliers. The deadline to respond is 17:00 18/12/23. The Bank is reviewing its securities settlement, collateral management and asset servicing operations. This includes a review of the Bank's main collateral management and settlement systems and the related operating model considerations, and how to respond and be ready for ongoing and future post trade innovation and 'digitisation' in particular. As part of the Bank's review, this RFI is designed to further inform the Bank's thinking, both in terms of its future operating model as well as potential system solutions. The Bank would welcome engagement from a range of suppliers, system integrators and service providers. This will allow the Bank to gather and assess responses from the wider market, and to then use these responses to facilitate engagement and to support any future decision making regarding any future processes. The Bank is also looking to form a view on the likely costs, with due regard to value for money considerations, to enable it to set reasonable budgets for the capabilities it may need. It is not the intent of the Bank to compare responses for the purposes of any pre-qualification or short listing. This is a 'Request For Information' only. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/a1bb0ab2-e8db-429c-8835-c76e993a2721 | | Notice type | Market Engagement Notice | | Procurement type | Standard | | Procurement category | Not specified | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 22 Nov 2023 | | Submission deadline | Not specified | | Future notice date | 18 Dec 2023 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planning | | Lots status | Not specified | | Awards status | Not specified | | 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 | TLI London | ## CPV Codes ### Divisions - 48 - Software package and information systems - 72 - IT services: consulting, software development, Internet and support ### Codes - 48000000 - Software package and information systems - 72000000 - IT services: consulting, software development, Internet and support ## Release History - 22 Nov 2023 at 09:06 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/a1bb0ab2-e8db-429c-8835-c76e993a2721 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/a1bb0ab2-e8db-429c-8835-c76e993a2721 22nd November 2023 - Early engagement notice on Contracts Finder ## Notice URLs - https://supplierlive.proactisp2p.com/Account/Login ## 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-b5fd17-9a9c0d4d-183a-4fc7-8c28-4181cb03c342. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-9a9c0d4d-183a-4fc7-8c28-4181cb03c342.json.