Award of Calculation Agent Services for ENABLE Guarantee to Citibank NA
British Business Bank · Awarded contract
AwardedAward of Calculation Agent Services for ENABLE Guarantee to Citibank NA
Awarded 25 Oct 2023
Awarded25 Oct 2023
Value£85,000.00
SupplierCitibank NA
AgencyBritish Business Bank
RegionUnited Kingdom
CategoryFinance & Insurance
Expires in 11y 11mo14y 11mo term, 20% elapsed
Awarded 25 Oct 2023Expires 30 Sept 2038
About
British Business Bank awarded a contract to Citibank NA for calculation agent services related to a Department for Business and Trade (DBT) guarantee on a portfolio of loans originated by Oxbury Bank.
The calculation agent ensures probity and confirms amounts due to either party under the guarantee arrangement.
The contract, valued at AUD 85,000, was awarded via Direct Award in line with the Contracting Authority's Standing Financial Instructions and includes no extension provision.
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Award of Calculation Agent Services for ENABLE Guarantee to Citibank NA
Won by Citibank NA · British Business Bank
£85Kawarded
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