---
title: "Global Custody Services"
ocid: "ocds-r6ebe6-0000622176"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000622176"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000622176.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000622176.json"
source: "Public Contracts Scotland"
current_stage: "Tender"
buyer: "GLASGOW CITY COUNCIL AS THE ADMINISTERING AUTHORITY FOR THE STRATHCLYDE PENSION FUND"
published: "2020-08-28"
---

# Global Custody Services

Buyer: GLASGOW CITY COUNCIL AS THE ADMINISTERING AUTHORITY FOR THE STRATHCLYDE PENSION FUND  
Current stage: Tender  
OCID: ocds-r6ebe6-0000622176

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## Summary

Glasgow City Council, acting as the administering authority for the Strathclyde Pension Fund, has initiated a tender for "Global Custody Services". This procurement, classified under services and focusing on economic affairs, is located in Glasgow, UK. The current stage of the procurement process is active, with the submission deadline set for 2nd October 2020, and the bid opening on the same date. This open procedure seeks to appoint a global custodian to ensure the safe keeping and settlement of assets for the pension fund, in compliance with Local Government Pension Scheme (LGPS) regulations.

This tender creates significant opportunities for companies specialising in global custody services, particularly those that can provide a robust custody network and meet the stringent regulatory requirements outlined by the Strathclyde Pension Fund. Businesses that possess substantial assets under custody, a strong capital ratio, and FCA authorisation, along with experience in managing UK pension fund assets, would be best suited to compete. Firms must also demonstrate their capability to manage multi-manager investment structures across varied asset classes, making this an attractive opportunity for both established custodians and those looking to expand their service offerings in the public procurement space.

## Notice

Glasgow City Council, as administering authority to the Strathclyde Pension Fund, is seeking to appoint a global custodian or custodians ("the Custodian") to provide a global custody network (either directly or via a sub custodian arrangement) for safe keeping and settlement of assets, investment accounting and performance measurement services, supporting a multi-manager investment structure covering the major and alternative asset classes held in segregated mandates and pooled funds. The Custodian will need to be able to comply with LGPS regulations. The contract will commence on the Commencement Date as detailed in the contract and shall continue in full force and effect until terminated in accordance with the terms of the CSA. The contract will commence on the Commencement Date as detailed in the contract and shall continue in full force and effect until terminated in accordance with the terms of the CSA. Please refer to Clause 2.1 of the attached MCA for full details.

### Lot Information

Lot 1

Glasgow City Council, as administering authority to the Strathclyde Pension Fund is seeking to appoint a global custodian or custodians ("the Custodian") to provide a global custody network (either directly or via a sub custodian arrangement) for safe keeping and settlement of assets, investment accounting and performance measurement services, supporting a multi-manager investment structure covering the major and alternative asset classes held in segregated mandates and pooled funds. The Custodian will need to be able to comply with LGPS regulations. The contract will commence on the Commencement Date as detailed in the contract and shall continue in full force and effect until terminated in accordance with the terms of the CSA. The contract will commence on the Commencement Date as detailed in the contract and shall continue in full force and effect until terminated in accordance with the terms of the CSA. Please refer to Clause 2.1 of the attached MCA for full details.

Renewal: As per the Master Custody Agreement.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG393452 |
| Notice type | OJEU - F2 - Contract Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 28 Aug 2020 |
| Submission deadline | 2 Oct 2020 |
| 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 | GLASGOW CITY COUNCIL AS THE ADMINISTERING AUTHORITY FOR THE STRATHCLYDE PENSION FUND |
| Additional buyers | GLASGOW CITY COUNCIL |
| Locality | GLASGOW |
| Post town | Glasgow |
| Postcode | G2 9EW |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM32 Glasgow City |
| Local authority | Glasgow City |
| Electoral ward | Anderston/City/Yorkhill |
| Westminster constituency | Glasgow North East |
| Delivery location | TLM82 Glasgow City |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66141000 - Pension fund management services

## Release History

- 28 Aug 2020 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG393452

## Documents

- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=AUG393452&idx=7
  21st September 2020 - FX Management
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=AUG393452&idx=6
  21st September 2020 - Fund Information
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=AUG393452&idx=1
  31st August 2020 - Custody ITT
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=AUG393452&idx=5
  31st August 2020 - Custody ITT
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=AUG393452&idx=2
  31st August 2020 - Community Menu
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=AUG393452&idx=3
  31st August 2020 - Technical & Professional Capability
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=AUG393452&idx=4
  31st August 2020 - Draft Master Custody Agreement
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG393452
  Global Custody Services - Glasgow City Council, as administering authority to the Strathclyde Pension Fund, is seeking to appoint a global custodian or custodians ("the Custodian") to provide a global custody network (either directly or via a sub custodian arrangement) for safe keeping and settlement of assets, investment accounting and performance measurement services, supporting a multi-manager investment structure covering the major and alternative asset classes held in segregated mandates and pooled funds. The Custodian will need to be able to comply with LGPS regulations. The contract will commence on the Commencement Date as detailed in the contract and shall continue in full force and effect until terminated in accordance with the terms of the CSA. The contract will commence on the Commencement Date as detailed in the contract and shall continue in full force and effect until terminated in accordance with the terms of the CSA. Please refer to Clause 2.1 of the attached MCA for full details.

## Notice URLs

- http://www.publiccontractsscotland.gov.uk
- http://www.spfo.org.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000622176
- https://www.publiccontractsscotland.gov.uk/ESPD/ESPD_Download.aspx?id=622176
- https://www.publiccontractsscotland.gov.uk/Search/Search_Switch.aspx?ID=622176
- https://www.publiccontractsscotland.gov.uk/sitehelp/help_guides.aspx

## 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-r6ebe6-0000622176. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000622176.json.