---
title: "Provision of Macroeconomic Data and Forecast Scenarios for IFRS 9 compliance at UK Export Finance"
ocid: "ocds-b5fd17-bd2db28f-ca9d-4b64-a232-7522d7f02409"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-bd2db28f-ca9d-4b64-a232-7522d7f02409"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-bd2db28f-ca9d-4b64-a232-7522d7f02409.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-bd2db28f-ca9d-4b64-a232-7522d7f02409.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR INTERNATIONAL TRADE"
published: "2023-07-14"
---

# Provision of Macroeconomic Data and Forecast Scenarios for IFRS 9 compliance at UK Export Finance

Buyer: DEPARTMENT FOR INTERNATIONAL TRADE  
Current stage: Award  
OCID: ocds-b5fd17-bd2db28f-ca9d-4b64-a232-7522d7f02409

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## Summary

The Department for International Trade has awarded a contract for the provision of Macroeconomic Data and Forecast Scenarios for IFRS 9 compliance at UK Export Finance. The procurement method used was selective, and the contract period runs from June 19, 2023, to June 19, 2026. The tender period ended on April 4, 2023. The location for this procurement is in the South East region of the United Kingdom. The main procurement category is services in the Market and Economic Research industry.

This tender opportunity for the incorporation of forward-looking information on an unbiased and probability-weighted basis in the calculation of Expected Credit Losses can be beneficial for businesses specializing in market research, polling, and economic analysis. Companies providing macroeconomic forecast scenarios and historical data services suitable for IFRS 9 models would be well-suited to compete. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are encouraged to explore this opportunity for business growth.

## Notice

The requirement is for the incorporation of forward-looking information on an unbiased and probability-weighted basis in the calculation of Expected Credit Losses (ECL). The ECL is comprised of three elements: Exposure at Default (EAD), Loss Given Default (LGD) and Probability of Default (PD). The requirements of IFRS 9 are typically captured by forecasts of economic conditions - multiple macroeconomic scenarios with their own probability weights are needed in the calculation of the ECL. To build, test and operationalise new IFRS 9 models, UKEF needs to procure 1) macroeconomic time-series historic data and 2) IFRS 9 compliant macroeconomic forecast scenarios with probability weights.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/fae13dfa-06e0-4e04-95b2-79eb8adacc5e |
| Notice type | Award Notice |
| Procurement type | Dynamic |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a dynamic purchasing system |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 14 Jul 2023 |
| Submission deadline | 4 Apr 2023 |
| Future notice date | Not specified |
| Award date | 18 Jun 2023 |
| Contract period | 18 Jun 2023 - 19 Jun 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £205,000 |
| 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 INTERNATIONAL TRADE |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2HQ |
| 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 | TLJ South East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | OXFORD ECONOMICS |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79300000 - Market and economic research; polling and statistics
- 79900000 - Miscellaneous business and business-related services

## Release History

- 14 Jul 2023 at 10:54 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/fae13dfa-06e0-4e04-95b2-79eb8adacc5e

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/fae13dfa-06e0-4e04-95b2-79eb8adacc5e
  14th July 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/3fd51d5f-efa4-479e-95a5-738087986cfb
  n/a
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/2a286381-d2ad-4af5-9730-3bf9179d909f
  n/a
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/2d9063b7-2848-4fa7-a415-e60c70a63ae1
  n/a
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/da456b09-9fa9-4764-824e-94838aee72b9
  n/a
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/b0951469-80fa-4068-8715-e385d11fe797
  n/a
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/1e466a3c-feb2-43a6-bf63-0f48408843c2
  n/a
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/3e331d09-9d66-4be4-82c6-60df08d03802
  n/a

## Notice URLs

- https://www.gov.uk/government/organisations/uk-export-finance

## Provenance

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