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Loan and Securities Collateral Legal Panel

BANK OF ENGLAND Published 19 Jun 2023 Contracts Finder

key details

Value£3,600,000
Statusactive
Category (CPV) 79100000
Deadline14 Jul 2023
Contract start15 Jan 2024
Contract end14 Jan 2027
Procedureselective
SME suitableNo
OCIDocds-b5fd17-cbe67b6a-b773-4f4e-960a-c7d1ba788ba2

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.

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notice history

2 notices published against this procurement.

PublishedTypeRegimeNotice
19 Jun 2023 Contract notice (F02) Earlier regulations 017412-2023
19 Jun 2023 Tender amendment (tenderAmendment) · f4875d9a-2fc8-4632-ace1-79ca6311d018-654838

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source

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