--- title: "PIN - Banking Services" ocid: "ocds-h6vhtk-04b24b" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04b24b" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04b24b.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04b24b.json" source: "Find A Tender Service" current_stage: "Planning" buyer: "ISLINGTON COUNCIL" published: "2024-10-29" --- # PIN - Banking Services Buyer: ISLINGTON COUNCIL Current stage: Planning OCID: ocds-h6vhtk-04b24b [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04b24b) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04b24b.json) ## Summary Islington Council is in the planning stage of a procurement process titled "PIN - Banking Services," targeting the banking services category under CPV code 66110000, with the main procurement category being services. This Prior Information Notice (PIN) seeks to identify market capacity for appointing an FCA-regulated organisation to provide essential banking services in support of the Council's cash management. The contract will include services for business main accounts, BACS, and CHAPS payments, ensuring compliance with the Council's treasury management strategy's credit rating requirements. Interested parties should note the future tender notice expected on 1st March 2025 and the delivery location within the UKI region, specifically Islington, London. This tender offers considerable scope for growth by allowing businesses to form a partnership with a prominent local authority like Islington Council. This opportunity is especially suited for FCA-regulated entities with a solid short-term credit rating (minimum A+ and F1) and a UK base or subsidiary as international clearing banks. By participating, businesses can demonstrate their capacity to deliver innovative, efficient, and secure banking solutions, potentially leading to long-term collaborations and reputation enhancement in the public sector. The upcoming tender will also serve as a competitive platform to highlight their service capabilities and build a strong market presence. ## Notice The Council is seeking to appoint an FCA regulated organisation to provide quality banking services in support of its existing cash management activities. The contract will encapsulate the provision of all business main account services, including facilitating BACS and CHAPS payments. Potential providers would be required to meet the Council's minimum short term credit rating as per the Council's treasury management strategy (currently A+ and F1). It must also be an international clearing bank domiciled in the UK or with a UK subsidiary. The Council is seeking to generate additional process efficiencies, reduce risks, enhance scrutiny controls by embracing automation, and by working closely with the successful provider to implement innovative banking service solutions. This is not an invitation to tender, nor does it preclude or favour eligibility to participate in the formal procurement once it starts. It is a process solely to test the current market capacity, to scope the services, and inform the procurement process. Details in this PIN are subject to being updated or changed in the final tender notice. The Council reserves the right to cancel, postpone, suspend or abort this procurement at any stage. The issue of this PIN in no way commits the Council to commence the procurement process or contract. Any future tender notice will be published on the e-tendering system used by Islington Council, the London Tenders Portal (Pro Contract). We would advise you to register on the e-tendering system now in order that you receive an email alert when and if a tender notice is published. ### Lot Information Lot 1 This is a Prior Information Notice (PIN) for information only. It is not a formal invitation to tender. In the event of a publicly advertised tender being required, you will need to respond to the tender notice to be considered for this contract. The purpose of this PIN is to maximise transparency, act as a soft market test to understand numbers of potential bidders and increase competition for any potential upcoming tender notice, if it is to go ahead. All details in this PIN are subject to being updated or changed in the final tender notice, if required. If you are interested in any future procurement relating to this PIN, then please express your interest to this PIN via The London Tenders Portal. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/035059-2024 | | Notice type | Planning Notice | | Procurement type | Standard | | Procurement category | Services | | 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 | 29 Oct 2024 | | Submission deadline | Not specified | | Future notice date | 1 Mar 2025 | | 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 | Planned | | Lots status | Planned | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | ISLINGTON COUNCIL | | Locality | LONDON | | Post town | North London | | Postcode | N1 2UD | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI43 Haringey and Islington | | Local authority | Islington | | Electoral ward | St Mary's & St James' | | Westminster constituency | Islington South and Finsbury | | Delivery location | TLI London | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66110000 - Banking services ## Release History - 29 Oct 2024 at 15:30 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/035059-2024 ## Notice URLs - http://www.islington.gov.uk/ - https://procontract.due-north.com/Advert/Index?advertId=8ebbfe5c-0696-ef11-8132-005056b64545 ## 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-04b24b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04b24b.json.