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Openclosing

PIN - Banking Services

Published

Description

The Council is seeking to appoint an FCA regulated organisation to provide quality banking services in support of its existing cash management activities. The contract will encapsulate the provision of all business main account services, including facilitating BACS and CHAPS payments. Potential providers would be required to meet the Council’s minimum short term credit rating as per the Council’s treasury management strategy (currently A+ and F1). It must also be an international clearing bank domiciled in the UK or with a UK subsidiary. The Council is seeking to generate additional process efficiencies, reduce risks, enhance scrutiny controls by embracing automation, and by working closely with the successful provider to implement innovative banking service solutions. This is a Prior Information Notice (PIN) for information only. It is not a formal invitation to tender. In the event of a publicly advertised tender being required, you will need to respond to the tender notice to be considered for this co Keywords: Banking services, Finance, Cash management

Timeline

Publish date

a day ago

Close date

in 16 days

Buyer information

London Borough of Islington

Contact:
Mx Strategic Procurement
Email:
procurement@islington.gov.uk

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Notice topic

Banking services

Related topics

International payment transfer servicesFinancial leasing servicesCredit granting servicesDeposit servicesCentral bank servicesBanking and investment services

Source

Procontracts
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