--- title: "Loan and Securities Collateral Legal Panel" ocid: "ocds-h6vhtk-03d7aa" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03d7aa" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03d7aa.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03d7aa.json" source: "Find A Tender Service" 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-h6vhtk-03d7aa [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03d7aa) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-03d7aa.json) ## Summary The Bank of England has initiated a tender process for the provision of legal services related to loan and securities collateral. The tender title is 'Loan and Securities Collateral Legal Panel', falling under the main procurement category of services. This tender opportunity aims to select 3 law firms to conduct legal reviews on collateral for the Bank's market operations. The procurement method is 'selective' with a 'Restricted procedure'. The deadline for tender submission is on 14th July 2023, providing an opportunity for businesses in the legal services industry to participate. This procurement process by the Bank of England presents an opportunity for law firms to be part of a framework for legal reviews on collateral, enriching their portfolio and potentially accessing a long-term contract. Businesses offering legal services with expertise in collateral related to loan and securities are well-suited to compete in this tender. The Bank of England's clear evaluation criteria and the framework agreement structure with a maximum of 999 participants provide a structured path for interested firms to engage and potentially grow their business through this legal panel arrangement. ## 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 ### Lot Information Lot 1 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 | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/017412-2023 | | Notice type | Tender Notice | | Procurement type | Framework | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Restricted procedure | | 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 | 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 | Active | | Lots status | Active | | 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 - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79100000 - Legal services ## Release History - 19 Jun 2023 at 16:04 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/017412-2023 ## Notice URLs - https://supplierlive.proactisp2p.com/Account/Login - https://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-h6vhtk-03d7aa. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03d7aa.json.