--- title: "ENQEIR997 FASS Credit Management Services" ocid: "ocds-h6vhtk-066a99" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-066a99" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-066a99.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-066a99.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "SONI LTD" published: "2026-03-16" --- # ENQEIR997 FASS Credit Management Services Buyer: SONI LTD Current stage: Tender OCID: ocds-h6vhtk-066a99 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-066a99) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-066a99.json) ## Summary This procurement process is initiated by SONI Ltd, a private utility based in Belfast, United Kingdom, requiring credit management services under the FASS Programme. The tender titled "ENQEIR997 FASS Credit Management Services" falls within the industry category of financial services, specifically targeting financial consultancy, transaction-processing, and financial systems software. The procurement is at the tender stage with key deadlines including an expression of interest deadline on 10 April 2026 and an award decision anticipated by 1 June 2026. The service includes credit management for the Day Ahead System Services Auction (DASSA) and the handling of collateral for market-related activities. The contract is valued at approximately €1,071,453, with a potential extension of three years beyond the initial five-year term. This tender offers substantial growth opportunities for businesses specialising in financial transaction processing and consultancy, particularly those proficient in automated system interfaces. Companies engaging in the development of financial software, as well as those with experience in securities and commodities brokerage, will find this opportunity suited to their capabilities. Eligible businesses, including SMEs, stand to provide crucial services to TSOs in Ireland and the UK, enhancing their visibility and scope within these markets. The procurement method involves a competitive flexible procedure, requiring selected firms to demonstrate robust quality management systems and relevant prior experience via a documented pre-qualification questionnaire. ## Notice This notice does not commence a competitive tendering process. For the detailed requirements and relevant documentation, please see the Call for Competition, published on https://www.etenders.gov.ie/epps/cft/listContractDocuments.do?resourceId=7694501. Description: The TSOs are developing competitive market arrangements for system services under the FASS Programme (Future Arrangements for System Services). The TSOs require that all markets under FASS are fully collateralised. To accomplish this the TSOs require credit management services to be provided by a third party, who will assume and manage the credit risk to the TSOs, including the implementation of automated system-to-system interfaces to enable this service. (1) The primary service required by the TSOs is credit management for DASSA (Day Ahead System Services Auction) secondary trading. (2) A secondary element of the service is the management of a fixed amount of collateral for providers to cover other aspects of the FASS markets including but not limited to any performance related payments due to the TSOs (e.g. DASSA compensation payments) and resettlement. Full information relating to our requirement can be found in the accompanying procurement documents 'FASS PQQ and Information Memorandum'. Please note that the value of this tender reflects the amount expected to be paid by EirGrid and SONI for this implementation and maintenance of this service. The TSOs expect that the operational costs for providing this service will be recovered from market participants, reflecting the cost to the tenderer to manage market participants' credit cover. As such, the value of the tender reflects only the portion of the total value payable by EirGrid and SONI to the tenderer. ### Lot Information Lot 1 Renewal: Option to extend annually for a further 3 years ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/023324-2026 | | Notice type | UK4 - Tender Notice | | Procurement type | Framework | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Competitive flexible procedure | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 16 Mar 2026 | | Submission deadline | 25 Mar 2026 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 May 2026 - 31 May 2031 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £1,071,453 | | Lots value | £1,071,453 | | 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 | SONI LTD | | Locality | BELFAST | | Post town | Northern Ireland | | Postcode | BT6 9RT | | Country | Northern Ireland | | ITL 1 | TLN Northern Ireland | | ITL 2 | TLN0 Northern Ireland | | ITL 3 | TLN0E Lisburn and Castlereagh | | Local authority | Lisburn and Castlereagh | | Electoral ward | Moneyreagh | | Westminster constituency | Belfast South and Mid Down | | Delivery location | Not specified | ## CPV Codes ### Divisions - 48 - Software package and information systems - 66 - Financial and insurance services - 72 - IT services: consulting, software development, Internet and support ### Codes - 48100000 - Industry specific software package - 48217000 - Transaction-processing software package - 48441000 - Financial analysis software package - 48442000 - Financial systems software package - 48812000 - Financial information systems - 66100000 - Banking and investment services - 66130000 - Brokerage and related securities and commodities services - 66131000 - Security brokerage services - 66132000 - Commodity brokerage services - 66133000 - Processing and clearing services - 66152000 - Financial market regulatory services - 66170000 - Financial consultancy, financial transaction processing and clearing-house services - 72232000 - Development of transaction processing and custom software ## Release History - 16 Mar 2026 at 09:55 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/023324-2026 ## Documents - https://www.find-tender.service.gov.uk/Notice/023324-2026 16th March 2026 - Tender notice on Find a Tender ## Notice URLs - https://www.etenders.gov.ie/epps/cft/listContractDocuments.do?resourceId=7694501 - 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-066a99. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-066a99.json.