Prior information notice
This notice is for prior information only
Section I: Contracting
authority
I.1) Name and addresses
BANK OF ENGLAND
RC000042
Threadneedle Street
LONDON
EC2R8AH
UK
Contact person: Maneesh Sharma
E-mail: maneesh.sharma@bankofengland.co.uk
NUTS: UKI31
Internet address(es)
Main address: www.bankofengland.co.uk
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://supplierlive.proactisp2p.com/Account/Login
Additional information can be obtained from the abovementioned address
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Review of Securities Settlement and Collateral Management Operations
II.1.2) Main CPV code
72000000
II.1.3) Type of contract
Services
II.1.4) Short description
The Bank of England is the United Kingdom's central bank and exists to ensure monetary and financial stability. It sets interest rates to achieve the inflation target; has responsibility for UK financial stability; is active in a range of financial markets; and issues bank notes.
The Bank is reviewing its financial markets securities settlement, collateral management and asset servicing operations. This includes a review of the Bank's main collateral management and settlement systems and the related operating model considerations.
The RFI document can be found at https://supplierlive.proactisp2p.com/Account/Login and includes further detail on the Bank's operations and considerations, including the information requested from interested suppliers. The deadline to respond is 17:00 18/12/23.
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
48000000
II.2.3) Place of performance
NUTS code:
UKI
II.2.4) Description of the procurement
The Bank is reviewing its securities settlement, collateral management and asset servicing operations. This includes a review of the Bank's main collateral management and settlement systems and the related operating model considerations, and how to respond and be ready for ongoing and future post trade innovation and 'digitisation' in particular.
As part of the Bank's review, this RFI is designed to further inform the Bank's thinking, both in terms of its future operating model as well as potential system solutions.
The Bank would welcome engagement from a range of suppliers, system integrators and service providers. This will allow the Bank to gather and assess responses from the wider market, and to then use these responses to facilitate engagement and to support any future decision making regarding any future processes. The Bank is also looking to form a view on the likely costs, with due regard to value for money considerations, to enable it to set reasonable budgets for the capabilities it may need.
It is not the intent of the Bank to compare responses for the purposes of any pre-qualification or short listing. This is a 'Request For Information' only.
II.3) Estimated date of publication of contract notice:
03/06/2024
Section IV: Procedure
IV.1) Description
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
Section VI: Complementary information
VI.5) Date of dispatch of this notice
22/11/2023