---
title: "Securities & Collateral Management Settlement System Support and Maintenance Contract"
ocid: "ocds-h6vhtk-059bef"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-059bef"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-059bef.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-059bef.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2025-12-23"
---

# Securities & Collateral Management Settlement System Support and Maintenance Contract

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-h6vhtk-059bef

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-059bef)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-059bef.json)

## Summary

The Bank of England, a central government public authority located in London, awarded a contract titled "Securities & Collateral Management Settlement System Support and Maintenance Contract" to Vermeg Systems Limited. The procurement process employed a direct award method due to the supplier's exclusive rights, with no reasonable alternatives available. This contract, classified under IT services, encompasses consulting, software development, and support across various UK regions. The procurement process has progressed to the 'Award' stage, with the contract running from 21st December 2027 to 20th December 2032, including the potential for renewal and options for additional services.

This tender provides lucrative opportunities for businesses specialising in IT services within the UK, specifically those capable of delivering comprehensive support and maintenance solutions. Enterprises with expertise in securities and collateral management systems are particularly well-suited to this contract, although the direct award nature limits competitive bidding. Nonetheless, the significant contract value and multi-regional scope offer substantial potential for growth and strategic alignment with key public sector financial infrastructure priorities. Business growth can be achieved through avenues that support the system's ongoing requirements and potential additional services specified by the Bank of England.

## Notice

Vermeg Securities & Collateral Management Settlement System Support and Maintenance Contract

### Procurement Information

(a)due to a particular supplier having intellectual property rights or other exclusive rights, only that supplier can supply the goods, services or works required, and (b)there are no reasonable alternatives to those goods, services or works.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/085838-2025 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Direct award |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Dec 2025 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 9 Sep 2025 |
| Contract period | 21 Dec 2027 - 20 Dec 2032 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £8,000,000 |
| Contracts value | £8,000,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Active |
| Contracts status | Active |

## 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | VERMEG SYSTEMS |

## CPV Codes

### Divisions

- 72 - IT services: consulting, software development, Internet and support

### Codes

- 72000000 - IT services: consulting, software development, Internet and support

## Release History

- 23 Dec 2025 at 13:21 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/085838-2025
- 21 Oct 2025 at 07:47 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/066939-2025
- 17 Sep 2025 at 08:58 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/057189-2025
- 17 Sep 2025 at 08:48 - Award - UK5 - Transparency Notice - https://www.find-tender.service.gov.uk/Notice/057185-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/085838-2025
  23rd December 2025 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/066939-2025
  21st October 2025 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/057189-2025
  17th September 2025 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/057185-2025
  17th September 2025 - Transparency notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/Attachment/A-9558

## Notice URLs

- http://www.vermeg.com
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-059bef. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-059bef.json.