Custody and Investment Operations Outsourcing Services

A Tender Notice
by PENSION PROTECTION FUND

Source
Find a Tender
Type
Contract (Services)
Duration
10 year
Value
£0-£53M
Sector
BUSINESS
Published
12 Jul 2021
Delivery
To 19 Jun 2031 (est.)
Deadline
10 Aug 2021 11:00

Concepts

Location

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

We are seeking proposals to appoint a Service Provider to deliver Custody and Investment Operations Outsourcing (IOO) Services. Custodian Services also include Fund accounting and transfer agency services (unitisation). We may also look to appoint a second Custodian to manage some of the PPF’s assets, the exact amount is to be confirmed. The second-Custodian would not be required to deliver Transfer agency services (Unitisation) but may be required to deliver Fund Accounting services depending on the assets covered.

Total Quantity or Scope

The stated value is a current estimate. Our estimated range is between £9m to £53m as we are aware that the actual value could vary significantly according to a number of potential factors over the life of the contract. Additional information: Following the evaluation of Stage 2 - invitation to tender (ITT) the PPF reserves the right to move straight to award (Stage 5) if there is a proposal that completely meets our need with no refinement needed. If refinements are needed we will continue to Stage 3 - Negotiations. Please refer to the Information and Guidance document (available on the PPF eSourcing portal) for further details.

Renewal Options

A single Service Provider to deliver the Custody and IOO Services. However, two contracts: Custody - will be for 5 years with optional extensions to take full term to 10 years. Fund accounting and Transfer agency services as required for initial term of 12 months with option to extend to max term. IOO – contract will be for an initial 3 years with optional extensions to take full term to 10 years

CPV Codes

  • 66162000 - Custody services
  • 66151000 - Financial market operational services
  • 66172000 - Financial transaction processing and clearing-house services

Indicators

  • This is a one-off contract (no recurrence)
  • Renewals are available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. **

Reference

Domains