Tender: Banking and Custody Services for ABS, Tier 2 and Listed Debt – British Business Bank

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The British Business Bank is seeking a single supplier for the implementation and ongoing delivery of banking and custody services to support the safekeeping, settlement, asset servicing, reporting, valuation and, where required, securities financing of Asset Backed Securities (ABS), Tier 2 securities and other listed debt instruments. Services must protect the Bank’s assets, maintain effective operational control, enable timely and accurate settlement and asset servicing, support primary-market and securities-financing activity if needed, and ensure compliance with applicable legal, regulatory and institutional custody standards. The supplier must be able to support additional listed debt instruments as the Bank’s investment and programme requirements evolve; pricing is based on the Bank’s current portfolio but transaction volumes are expected to increase and the Bank may vary the contract and pricing during the term in accordance with the Procurement Act 2023.