---
title: "Banking Services"
ocid: "ocds-b5fd17-aa395a66-557b-4f9c-9133-cbf56a2bd27a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-aa395a66-557b-4f9c-9133-cbf56a2bd27a"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-aa395a66-557b-4f9c-9133-cbf56a2bd27a.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-aa395a66-557b-4f9c-9133-cbf56a2bd27a.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "PENSION PROTECTION FUND"
published: "2018-10-11"
---

# Banking Services

Buyer: PENSION PROTECTION FUND  
Current stage: Tender  
OCID: ocds-b5fd17-aa395a66-557b-4f9c-9133-cbf56a2bd27a

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## Summary

The Pension Protection Fund is conducting a tender for Banking Services, classified under the Banking and investment services category. This procurement is taking place in Croydon, England, and is currently in the Tender stage. The tender was published on 11th October 2018, and submissions are due by 8th November 2018. The contract is set to commence in December 2018/January 2019 and will span an initial period of four years, with a potential extension of up to ten years total. The procurement method being utilised is the open procedure, which is above the threshold.

This tender presents a significant opportunity for established financial institutions and banks looking to expand their portfolio in public sector services. Companies that can provide comprehensive clearing bank services will be particularly well-suited to participate in this process. Given the size of the contract, worth £205,500, firms with the capacity to deliver robust banking solutions over an extended period stand to benefit from a long-term relationship with the Pension Protection Fund.

## Notice

The contract for the provision of Banking Services ("The Services") is being tendered by the Board of the Pension Protection PPF ("The PPF") in accordance with the Public Contracts Regulations 2015 under the Open Procedure. The PPF requires a UK clearing bank to provide a full range of clearing bank services. The Contract will commence in December 2018/January 2019 and will be awarded for a period of four years from the Services Commencement Date ("the Initial Contract Term"). The Contract may be extended on the same terms and conditions at the PPF's option for a further period or periods not exceeding six years in total. The maximum duration of the Contract Term will therefore be 10 years from the Services Commencement Date. Additional information: The procurement documents are available for unrestricted and full direct access, free of charge, at https://ppf.bravosolution.co.uk

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/f03a6cbb-28b0-4ab6-a9db-c8b2b18f376a |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Oct 2018 |
| Submission deadline | 8 Nov 2018 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 11 Dec 2018 - 10 Dec 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £205,500 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | PENSION PROTECTION FUND |
| Locality | CROYDON |
| Post town | Croydon |
| Postcode | CR0 2NA |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI6 Outer London - South |
| ITL 3 | TLI62 Croydon |
| Local authority | Croydon |
| Electoral ward | Fairfield |
| Westminster constituency | Croydon West |
| Delivery location | TLI London |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66100000 - Banking and investment services

## Release History

- 11 Oct 2018 at 12:16 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/f03a6cbb-28b0-4ab6-a9db-c8b2b18f376a

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/f03a6cbb-28b0-4ab6-a9db-c8b2b18f376a
  11th October 2018 - Opportunity notice on Contracts Finder

## Notice URLs

- https://ppf.bravosolution.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-aa395a66-557b-4f9c-9133-cbf56a2bd27a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-aa395a66-557b-4f9c-9133-cbf56a2bd27a.json.