Loan and Securities Collateral Legal Panel 2024

Concepts

• legal services
• loan collateral
• eligible collateral
• collateral
• legal reviews
• legal due diligence
• securities collateral legal panel
• the collateral
• either loan or securities collateral
• loan and securities collateral legal panel

Location

LONDON

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.

Total Quantity or Scope

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. Tenders or requests to participate must also be submitted electronically via https://supplierlive.proactisp2p.com/Account/Login Ref: PRJ/ 1000204

CPV Codes

• 79100000 - Legal services

Indicators

• Bids should cover the whole contract.
• Renewals are not available.
• Professional qualifications are sought.
• Award on basis of price and quality.