Published date: 16 April 2024

Closed early engagement


Closing date: 16 May 2024

Contract summary

Industry

  • Networks - 32400000

  • IT services: consulting, software development, Internet and support - 72000000

Location of contract

London

Procurement reference

Additional Network for RTGS

Published date

16 April 2024

Closing date

16 May 2024

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

The Bank is considering the possibility of delivering an additional secured messaging network to enable participants to connect to the Bank's Real Time Gross Settlement (RTGS) system. The service is aimed to support operational resiliency by providing an additional means of payments messaging alongside that already provided by Swift. An additional network could also support ease of access to central bank money by providing new ways of connecting and leveraging RTGS.

This is a part of the Bank's long-term vision for the renewed RTGS service: to act as an open platform for the UK financial services industry to facilitate safe and efficient settlement in central bank money.

The RFI document can be found at https://supplierlive.proactisp2p.com/Account/Login and includes further detail on the Bank's operations and considerations, including the information requested from interested suppliers. The deadline to respond is 16 May 2024 16:00.

About the buyer

Contact name

Gavin Pais

Address

Threadneedle Street
LONDON
EC2R8AH
England

Email

Gavin.Pais@bankofengland.co.uk

Website

https://www.bankofengland.co.uk/