Published date: 28 September 2023

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 27 September 2023, 12am

Contract summary

Industry

  • Banking services - 66110000

Location of contract

Any region

Value of contract

£85,000

Procurement reference

BIP812223610

Published date

28 September 2023

Closing date

27 September 2023

Closing time

12am

Contract start date

10 October 2023

Contract end date

9 October 2038

Contract type

Service contract

Procedure type

Other

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

The Agency Services Provider will perform the functions outlined below. 1.Performance and analytics of synthetic securitisation transactions a.Typically quarterly performance reporting including reporting any reporting required under the Securitisation Regulation b.Annual discretionary review of the systems and processes which ensure business continuity by minimizing risks while providing compliance with legal and statutory requirements c.Guarantee performance analytics d.Calculation of premia 2.Actions testing a.Suitability testing for replenishments based on data fields in the dataset b.Checking eligibility of the guarantee assets c.Communicating guarantee claims to the British Business Bank payment unit

More information

Links

Award information

Awarded date

27 September 2023

Contract start date

10 October 2023

Contract end date

9 October 2038

Total value of contract

£85,000

This contract was awarded to 1 supplier.

Citibank, National Association

Address

Canada Square,
Canary Wharf,
London
E14 5LB

Reference

None

Supplier is SME?

No

About the buyer

Contact name

Procurement

Address

Steel City House
West Street
Sheffield
S1 2GQ
UK

Telephone

+442039051462

Email

Procurement@british-business-bank.co.uk