---
title: "Loan and Securities Collateral Legal Panel"
ocid: "ocds-b5fd17-cbe67b6a-b773-4f4e-960a-c7d1ba788ba2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-cbe67b6a-b773-4f4e-960a-c7d1ba788ba2"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-cbe67b6a-b773-4f4e-960a-c7d1ba788ba2.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-cbe67b6a-b773-4f4e-960a-c7d1ba788ba2.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "BANK OF ENGLAND"
published: "2023-06-19"
---

# Loan and Securities Collateral Legal Panel

Buyer: BANK OF ENGLAND  
Current stage: Tender  
OCID: ocds-b5fd17-cbe67b6a-b773-4f4e-960a-c7d1ba788ba2

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-cbe67b6a-b773-4f4e-960a-c7d1ba788ba2)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-cbe67b6a-b773-4f4e-960a-c7d1ba788ba2.json)

## Summary

The Bank of England is inviting tenders for the "Loan and Securities Collateral Legal Panel" project. The procurement concerns legal services related to collateral eligibility for market operations. The contract value is £3,600,000 GBP, with a selective procurement method and a tender deadline of July 14, 2023. The contract period spans from January 15, 2024, to January 14, 2027. The buying organisation is the Bank of England, with the project falling under the services category in the legal services industry.

This tender opportunity caters to law firms interested in conducting legal reviews on collateral for the Bank's operations. Businesses involved in legal services, particularly those with expertise in collateral due diligence, are well-suited to compete. The project offers a long-term contract with significant value, providing stable revenue streams for the selected firms. Law firms seeking growth opportunities within the financial sector should consider participating in this tender process to expand their clientele and establish a relationship with the Bank of England.

## Notice

The Bank of England (the "Bank") lends through its market operations against eligible collateral delivered by firms. This takes the form of either loan or securities collateral. To ensure that the collateral is eligible for the Bank's operations, legal due diligence is required, particularly when it comes to loan collateral. The Bank is therefore seeking 3 law firms to be part of a framework and to conduct legal reviews relating to collateral on a case-by-case basis. The overall contract value includes the costs of all reviews, which will ultimately be recharged to the firm that is seeking to position the collateral with the Bank. The procurement documents are available for unrestricted and full direct access, free of charge, at https://supplierlive.proactisp2p.com/Account/Login

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/f4875d9a-2fc8-4632-ace1-79ca6311d018 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Jun 2023 |
| Submission deadline | 14 Jul 2023 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 15 Jan 2024 - 14 Jan 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £3,600,000 |
| 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 | 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) |

## CPV Codes

### Divisions

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

### Codes

- 79100000 - Legal services

## Release History

- 19 Jun 2023 at 16:10 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/f4875d9a-2fc8-4632-ace1-79ca6311d018
- 19 Jun 2023 at 15:59 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/f4875d9a-2fc8-4632-ace1-79ca6311d018

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/f4875d9a-2fc8-4632-ace1-79ca6311d018
  19th June 2023 - Opportunity 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-cbe67b6a-b773-4f4e-960a-c7d1ba788ba2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-cbe67b6a-b773-4f4e-960a-c7d1ba788ba2.json.