Loan and Securities Collateral Legal Panel

A Tender Notice
by BANK OF ENGLAND

Source
Contracts Finder
Type
Contract (Services)
Duration
3 year
Value
£4M
Sector
BUSINESS
Published
19 Jun 2023
Delivery
15 Jan 2024 to 14 Jan 2027
Deadline
14 Jul 2023 11:00

Concepts

Location

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

The Bank of England (the "Bank") lends through its market operations against eligible collateral delivered by firms. This takes the form of either loan or securities collateral. To ensure that the collateral is eligible for the Bank's operations, legal due diligence is required, particularly when it comes to loan collateral. The Bank is therefore seeking 3 law firms to be part of a framework and to conduct legal reviews relating to collateral on a case-by-case basis. The overall contract value includes the costs of all reviews, which will ultimately be recharged to the firm that is seeking to position the collateral with the Bank. The procurement documents are available for unrestricted and full direct access, free of charge, at https://supplierlive.proactisp2p.com/Account/Login

CPV Codes

  • 79100000 - Legal services

Reference

Domains