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Prior notice United Kingdom Services

PIN - Banking Services

Buyer: Islington Council

Published
29 October 2024
Place of performance
UKI
Lots
1
Notice number
035059-2024
Reference
ocds-h6vhtk-04b24b
Official source
Official source

CPV codes

Description

The Council is seeking to appoint an FCA regulated organisation to provide quality banking services in support of its existing cash management activities. The contract will encapsulate the provision of all business main account services, including facilitating BACS and CHAPS payments. Potential providers would be required to meet the Council’s minimum short term credit rating as per the Council’s treasury management strategy (currently A+ and F1). It must also be an international clearing bank domiciled in the UK or with a UK subsidiary. The Council is seeking to generate additional process efficiencies, reduce risks, enhance scrutiny controls by embracing automation, and by working closely with the successful provider to implement innovative banking service solutions. This is not an invitation to tender, nor does it preclude or favour eligibility to participate in the formal procurement once it starts. It is a process solely to test the current market capacity, to scope the services, and inform the procurement process. Details in this PIN are subject to being updated or changed in the final tender notice. The Council reserves the right to cancel, postpone, suspend or abort this p…

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Data collected from official public procurement sources. Amounts as published by the buyer.