Investments Account Bank
key details
| Value | £1,200,000 |
|---|---|
| Status | complete |
| Category (CPV) | 66000000 +3 more |
| Deadline | 23 Nov 2018 |
| Contract start | 1 Jan 2019 |
| Contract end | 1 Jan 2023 |
| Procedure | open |
| SME suitable | No |
| OCID | ocds-b5fd17-e55ff93c-da20-4f51-98ce-3428cf011074 |
Award
| Supplier | Value | Date | Status |
|---|---|---|---|
| The Royal Bank of Scotland | £1,000,000 | 11 Dec 2018 | active |
description
As security for our investments placed with borrowing entities, our borrowers are required to secure to us the bank account through which they receive and recycle sales proceeds on their development. The accounts are secured to us through a fixed charge and assignment, most often through a debenture over all company books and assets. The accounts are opened by our borrowers (in their own name) but are to be operated on a joint signatory basis between Homes England and the borrower, in the absence of any enforcement action.
A notice of charge and assignment is served by the borrower upon the bank, and requires acknowledgement to Homes England and the borrower of the content within - notably signatory requirements and waiver of any right of set-off over the account.
We require a framework of banks whom our borrowers can approach in order to receive this service in a consistent manner.
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documents
- https://www.contractsfinder.service.gov.uk/Notice/ca5c3d29-8a66-431c-b5bc-68b3fd23ffed , tenderNotice
Documents are linked, not mirrored. They are served by the publishing authority and may require registration.
notice history
1 notice published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 11 Dec 2018 | Award (award) | · | 3c2eaf23-6816-46c2-a925-3223826dce70-258494 |
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source
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