Global Custody Services Tender

Global Custody Services Tender

Appointment of a global custodian to provide services including but not limited to safekeeping of assets, trade settlement, tax collection, corporate actions, proxy voting, investment accounting, performance measurement, foreign exchange and cash management.

UK-Aylesbury: trust and custody services

2012/S 214-353992

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

Buckinghamshire County Council
Commercial Services, County Hall, Walton Street
Contact point(s): https://www.businessportal.southeastiep.gov.uk/procontract/supplier.nsf
For the attention of: Mrs Ann Spence
HP20 1YG Aylesbury
UNITED KINGDOM
Telephone: +44 1296382934
E-mail: commercialservices@buckscc.gov.uk

Internet address(es):

General address of the contracting authority: http://www.buckscc.gov.uk

Address of the buyer profile: https://www.businessportal.southeastiep.gov.uk/procontract/supplier.nsf

I.2)Type of the contracting authority

Regional or local authority
I.3)Main activity

General public services
I.4)Contract award on behalf of other contracting authorities

The contracting authority is purchasing on behalf of other contracting authorities: no

Section II: Object of the contract

II.1)Description
II.1.1)Title attributed to the contract by the contracting authority:

Provision of Global Custody Services (Pension Fund).
II.1.2)Type of contract and location of works, place of delivery or of performance

Services
Service category No 6: Financial servicesa)Insurances services b)Banking and investment services
NUTS code UKJ13

II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)

The notice involves a public contract
II.1.4)Information on framework agreement
II.1.5)Short description of the contract or purchase(s)

Appointment of a global custodian to provide services including but not limited to safekeeping of assets, trade settlement, tax collection, corporate actions, proxy voting, investment accounting, performance measurement, foreign exchange and cash management.
II.1.6)Common procurement vocabulary (CPV)

66160000, 66162000

II.1.7)Information about Government Procurement Agreement (GPA)

The contract is covered by the Government Procurement Agreement (GPA): yes
II.1.8)Lots

This contract is divided into lots: no
II.1.9)Information about variants

Variants will be accepted: no
II.2)Quantity or scope of the contract
II.2.1)Total quantity or scope:

It is anticipated the contract will have a contract award date in Q1 2013 and a start date for the provision of services of 1.4.2013. The Fund has a market value of approximately 1.5bn GBP with approximately 800 000 000 GBP of segregated assets requiring safe-keeping (of which c50 % are non domestic).
II.2.2)Information about options

Options: yes
Description of these options: The contract is for an initial period of 3 years with the option to extend for a further 3 years.
II.2.3)Information about renewals
II.3)Duration of the contract or time limit for completion

Starting 1.4.2013. Completion 31.3.2016

Section III: Legal, economic, financial and technical information

III.1)Conditions relating to the contract
III.1.1)Deposits and guarantees required:
III.1.2)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:
III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:

Joint and Several Liability.
III.1.4)Other particular conditions

The performance of the contract is subject to particular conditions: no
III.2)Conditions for participation
III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers
III.2.2)Economic and financial ability

Information and formalities necessary for evaluating if the requirements are met: Details of corporate structure and ownership, external credit assessments, outstanding litigation/claims, insurance coverage, sound financial standing.
III.2.3)Technical capacity

Minimum level(s) of standards possibly required:
Candidates should be regulated by the UK Financial Services Authority (FSA) or European Economic Member State equivalent body. Providers must be able to comply with appropriate LGPS regulations. Candidates must be able to provide a global custody and associated services.
III.2.4)Information about reserved contracts
III.3)Conditions specific to services contracts
III.3.1)Information about a particular profession

Execution of the service is reserved to a particular profession: yes
Reference to the relevant law, regulation or administrative provision: Candidates must be registered under the terms of the Financial Services and Markets Act 2000 or equivalent law of European Economic Area (EEA) member state. Proof of registration should be provided.
III.3.2)Staff responsible for the execution of the service

Legal persons should indicate the names and professional qualifications of the staff responsible for the execution of the service: no

Section IV: Procedure

IV.1)Type of procedure
IV.1.1)Type of procedure

Open
IV.1.2)Limitations on the number of operators who will be invited to tender or to participate
IV.1.3)Reduction of the number of operators during the negotiation or dialogue
IV.2)Award criteria
IV.2.1)Award criteria

The most economically advantageous tender in terms of the criteria stated in the specifications, in the invitation to tender or to negotiate or in the descriptive document
IV.2.2)Information about electronic auction

An electronic auction will be used: no
IV.3)Administrative information
IV.3.1)File reference number attributed by the contracting authority:

DNWA-8ZBFYW
IV.3.2)Previous publication(s) concerning the same contract

no
IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document

Time limit for receipt of requests for documents or for accessing documents: 17.12.2012 – 12:00
Payable documents: no
IV.3.4)Time limit for receipt of tenders or requests to participate

20.12.2012 – 12:00
IV.3.5)Date of dispatch of invitations to tender or to participate to selected candidates
IV.3.6)Language(s) in which tenders or requests to participate may be drawn up

English.
IV.3.7)Minimum time frame during which the tenderer must maintain the tender

in days: 120 (from the date stated for receipt of tender)
IV.3.8)Conditions for opening tenders

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no
VI.2)Information about European Union funds

The contract is related to a project and/or programme financed by European Union funds: no
VI.3)Additional information

You will need to register with the South East Business Portal at https://www.businessportal.southeastiep.gov.uk/procontract/supplier.nsf to record your expression of interest and to download the invitation to tender documentation.

VI.4)Procedures for appeal
VI.4.1)Body responsible for appeal procedures
VI.4.2)Lodging of appeals

Precise information on deadline(s) for lodging appeals: A minimum 10 calendar day standstill period at the point of information on the award of the contract will be communicated to tenderers. The communication will contain contact details.
VI.4.3)Service from which information about the lodging of appeals may be obtained

VI.5)Date of dispatch of this notice:2.11.2012