Banking and Custodian Services
Reference ocds-h6vhtk-06f51a · British Business Bank
Awarded to Northern Trust Company for £1,000,000.
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Amounts and figures
Description
The British Business Bank (The Bank) is seeking a single supplier for the implementation and ongoing delivery of banking and custody services. The services will support the safekeeping, settlement, asset servicing, reporting, valuation and, where required, securities financing of Asset Backed Securities (ABS), Tier 2 securities and other listed debt instruments required by the Bank’s evolving programme suite. The objectives are to protect the Bank’s assets, maintain effective operational control, enable timely and accurate settlement and asset servicing, support relevant primary-market and securities-financing activity (if required), and ensure compliance with applicable legal, regulatory and institutional custody standards. The Bank’s investment and programme requirements may evolve during the Contract Term. The Supplier shall be capable of supporting additional listed debt instruments and related custody services where agreed. The pricing schedule submitted as part of this tender is based on the Bank's current portfolio position (asset, volumes and transaction levels) as at the date of this notice. Tenderers should note that the underlying asset portfolio and associated service…
Awards
| Lot | Awarded to | Amount | Bids received | Date |
|---|---|---|---|---|
| 1 | Northern Trust Company | £1,000,000 | 3 | 13 November 2026 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | 108203-2026 | 13 November 2026 |
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