Agency Treasury Services

Concepts

• treasury services
• ombudsman service
• agency treasury services
• ombudsman services
• scope of the financial ombudsman service
• ombudsman service's current account
• agency treasury service
• ombudsman service's working capital requirements
• financial ombudsman service's investment policy
• investment concentration risk of funds

Location

Description

The Ombudsman Services wishes to contract with a partner to provide Agency Treasury Services to invest our cash reserves in line with our Investment Policy. The contract will be for an initial period of 2 years with the option to extend for up to a further 2 years

Total Quantity or Scope

To provide, within the scope of the Financial Ombudsman Service's Investment Policy, an agency treasury service. This shall include, but not be limited to: a) establishing the daily cash position to enable the Ombudsman Service to determine how much can be placed overnight and term. For the avoidance of doubt, the ATS wouldn't have access to the Ombudsman Service's current account; b) working on instruction (amount and duration) to invest funds using approved instruments and counterparties to meet the Ombudsman Service's working capital requirements; c) daily monitoring of our counterparties to ensure they remain within a credit limit threshold, and managing the investment concentration risk of funds placed with each counterparty, suggesting new counterparties as and when appropriate; d) producing standard daily, weekly and monthly reports to ensure that the actual investment performance can be measured against agreed benchmarks; the credit limits and concentration risk with each counterparty are regularly monitored and managed; the funds invested and interest earned are correct and that trades dealt are confirmed on a daily basis; and, e) supporting the annual review of the Investment Policy with respect to assessing approved counterparty criteria and identifying banks that meet the criteria and providing advice with respect to any changes in these arrangements (for example ring-fencing). Additional information: The estimated value of 470000, is based on the Ombudsman Service taking up the option(s) to extend the contract for up to a further 24 months after the initial period

Renewal Options

Option to extend for up to 24 months

CPV Codes

• 66600000 - Treasury services

Indicators

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

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.