Global Custodian Services and Investment Accounting Services

A Tender Notice
by POOL REINSURANCE COMPANY LIMITED

Source
Find a Tender
Type
Contract (Services)
Duration
5 year
Value
___
Sector
BUSINESS
Published
12 Jan 2024
Delivery
To 15 Feb 2029 (est.)
Deadline
16 Feb 2024 14:00

Concepts

Location

London

Geochart for 2 buyers and 0 suppliers

2 buyers

Description

The company has a fund of c.£6.8bn, split across two custodians, £5.3bn in the primary global custodian and £1.5bn in the secondary global custodian. This tender will be for the primary global custodian only. The £5.3bn fund is invested across a diversified portfolio of global assets including corporate and government fixed income, mutli-asset credit, equites, mutual funds, private equity and derivatives.

Lot Division

1 Global Custodian Services

Global custodian to ensure the safekeeping of all deposited securities and cash, including: Safekeeping (securities and cash) Sub-custody Trade settlement (securities and cash) Cash management Income collection Corporate actions Proxy voting Class actions Foreign exchange transactions Tax Reporting Relationship Management
2 Investment Accounting Services

Investment accounting services which will cover the following: Valuation of assets Reconciliations Books and records Compliance monitoring Performance measurement Risk analytics Reporting Relationship Management

Renewal Options

The Initial Term of the Contract is 5 years. Pool Re may extend the term for 5 additional periods of up to 12 months.

CPV Codes

  • 66000000 - Financial and insurance services

Indicators

  • Restrictions apply to the lot award allocation.
  • Bids should cover one or more lots.
  • Bids should cover the whole contract.
  • This is a recurring contract.
  • Renewals are available.
  • Award on basis of price and quality.

Other Information

Additionally, Pool Re may require, in its absolute discretion, the supplier to provide additional related services and/or expand services during the lifetime of the contract in order to meet future changes in demands/needs or new initiatives. Any modification in respect of additional / expanded services shall be in accordance with the requirements of Regulation 72 of the Public Contracts Regulatio

Reference

Domains