Business Bank Operations – Wholesale Solutions Agency and Trust Service Provider

Business Bank Operations – Wholesale Solutions Agency and Trust Service Provider

Agency and Trust Service Provider The British Business Bank is seeking an Agency and Trust Services Provider to perform the functions outlined below.

Reference number: PS140005-BIS

Deadline date:05/02/2014

This deadline is for… 12.00 noon

Contract value:£0 – £160,000

Location where the contract is to be carried out: London Please note this could cover other area’s

Is this suitable for smaller suppliers? Yes

Is this contract suitable for a voluntary, community and social enterprise organisations? No

Name of the buying organisation: UK Shared Business Services Ltd.

 

Description of the contract

Agency and Trust Service Provider The British Business Bank is seeking an Agency and Trust Services Provider to perform the functions outlined below. The Agency and Trust Services Provider will obtain all of the necessary collateral data from a third party Data Administrator contracted by the British Business Bank. The Data Administrator will be a sophisticated data processing entity equipped with the necessary tools to facilitate easy access to the relevant datasets. The Agency and Trust Services Provider will also act as a point of contact to participating originators in relation to replenishments and where relevant – guarantee claims. Wholesale Guarantees 1) Performance and analytics of synthetic securitisation transactions a. Guarantee performance analytics b. Monthly performance reporting c. Calculation of premia d. Quarterly reconciliation of payment data obtained from BIS payment unit which will act as a Paying Agent 2) Actions testing a. Suitability testing for replenishments based on data fields in the dataset b. Checking prima facie validity of guarantee claims c. Communicating guarantee claims to the BIS payment unit 3) Collateral management a. Underlying collateral analytics b. Payments flow analytics Asset Finance Funding Vehicle 1) Performance and analytics of cash securitisation transactions a. Securitisation performance analytics b. Monthly performance reporting c. Quarterly reconciliation of payment data obtained from BIS payment unit 2) Actions testing a. Suitability testing for replenishments based on data fields in the dataset 3) Collateral management a. Underlying collateral analytics b. Interest and principal waterfall calculation 4) Note trustee services 5) Security trustee services 6) Account bank services 7) Paying agent services

 

Classification of the contract

66000000 Financial and insurance services

 

Additional information

Contract type: Services – Unspecified

Is it a framework agreement? No

Is this contract related to a programme of funding? No

Contract will be awarded based on: Most economically advantageous tender in terms of: The criteria stated in the contract documents

Estimated length of contract: 12 Months

 

Who to contact

Contact name Gillian Worthington

Organisation name UK Shared Business Services Ltd.

Address North Star House, North Star Avenue, Swindon, Wiltshire, SN2 1FF

Telephone 01793 867934

Extension number:

Fax

How to apply

Please see Tender instruction on the ITT document