Commercial Banking Services

Description

The scope of the RFI is the British Library General Banking Services. This includes: •Payment accounts – Used for outgoing payments, for example, creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, commission charges and interest payable, etc. •Receipt accounts – Used for incoming transactions, for example, bank giro credits, standing orders, CHAPS, BACS, faster payments and unpaid direct debits and cheques, other amounts paid-in and income from card transactions, etc. •Other ancillary bank accounts – Used for other outgoing payments, for example, wage accounts from which staff salaries are paid by BACS, petty cash accounts and treasury deposit accounts •Foreign currency bank accounts – Used for payments and receipts in Euro and US$. •Cash banking facilities •Electronic banking facilities - Providing the following functions: oComprehensive real time balance and transaction data. oElectronic money transmission such as CHAPS. oReconciliation data on the accounts. •Financial Protection and Remedies •Integration with IT Systems •Account and Relationship Managers •Account Information, Guidance and Assistance •Cash Management and Credit Interest Arrangements •Payment of cheques drawn in foreign currency When submitting information, all organisations should note that this is not currently a tender opportunity but is part of a market consultation exercise aiming to ensure that the procurement route selected and the options ultimately developed for any procurement are properly informed. Lot 1: The scope of the RFI is the British Library General Banking Services. This includes: •Payment accounts – Used for outgoing payments, for example, creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, commission charges and interest payable, etc. •Receipt accounts – Used for incoming transactions, for example, bank giro credits, standing orders, CHAPS, BACS, faster payments and unpaid direct debits and cheques, other amounts paid-in and income from card transactions, etc. •Other ancillary bank accounts – Used for other outgoing payments, for example, wage accounts from which staff salaries are paid by BACS, petty cash accounts and treasury deposit accounts •Foreign currency bank accounts – Used for payments and receipts in Euro and US$. •Cash banking facilities •Electronic banking facilities - Providing the following functions: oComprehensive real time balance and transaction data. oElectronic money transmission such as CHAPS. oReconciliation data on the accounts. •Financial Protection and Remedies •Integration with IT Systems •Account and Relationship Managers •Account Information, Guidance and Assistance •Cash Management and Credit Interest Arrangements •Payment of cheques drawn in foreign currency When submitting information, all organisations should note that this is not currently a tender opportunity but is part of a market consultation exercise aiming to ensure that the procurement route selected and the options ultimately developed for any procurement are properly informed.