ENQEIR997 FASS Credit Management Services
Description: 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 (read more...)
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.