Published date: 14 July 2023

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


Closing: 4 April 2023, 10am

Contract summary

Industry

  • Market and economic research; polling and statistics - 79300000

  • Miscellaneous business and business-related services - 79900000

Location of contract

South East

Value of contract

£0 to £205,000

Procurement reference

tender_359251/1228766

Published date

14 July 2023

Closing date

4 April 2023

Closing time

10am

Contract start date

19 June 2023

Contract end date

19 June 2026

Contract type

Service contract

Procedure type

Call-off from a dynamic purchasing system

A mini-competition or direct purchase from a pre-established dynamic purchasing system.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The requirement is for the incorporation of forward-looking information on an unbiased and probability-weighted basis in the calculation of Expected Credit Losses (ECL). The ECL is comprised of three elements: Exposure at
Default (EAD), Loss Given Default (LGD) and Probability of Default (PD). The
requirements of IFRS 9 are typically captured by forecasts of economic conditions -
multiple macroeconomic scenarios with their own probability weights are needed in
the calculation of the ECL. To build, test and operationalise new IFRS 9 models,
UKEF needs to procure 1) macroeconomic time-series historic data and 2)
IFRS 9 compliant macroeconomic forecast scenarios with probability weights.

More information

Attachments

Award information

Awarded date

19 June 2023

Contract start date

19 June 2023

Contract end date

19 June 2026

Total value of contract

£205,000

This contract was awarded to 1 supplier.

Oxford Economics

Address

Abbey House, 121 St. Aldates Oxford OH1 1HB

Reference

No reference - other

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

UK Export Finance

Address

1 Horse Guards Road
London
SW1A 2HQ
England

Email

commercialddat@trade.gov.uk

Website

https://www.gov.uk/government/organisations/uk-export-finance