Section one: Contracting authority
one.1) Name and addresses
BANK OF ENGLAND
Threadneedle Street
LONDON
EC2R8AH
Contact
Technology Procurement Team
technology.contracts@bankofengland.co.uk
Country
United Kingdom
Region code
UKI31 - Camden and City of London
Companies House
RC000042
Internet address(es)
Main address
http://www.bankofengland.co.uk
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Forwards365 Data Contract
two.1.2) Main CPV code
- 48000000 - Software package and information systems
two.1.3) Type of contract
Supplies
two.1.4) Short description
Contract award to NCFX for Forwards365 Data.
The services are for spot and forward benchmark and reference data for market FX rates.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £216,000
two.2) Description
two.2.2) Additional CPV code(s)
- 48000000 - Software package and information systems
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
Main site or place of performance
UK
two.2.4) Description of the procurement
The services are for spot and forward benchmark and reference data for market FX rates.
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Award of a contract without prior publication of a call for competition in the cases listed below
- The procurement falls outside the scope of application of the regulations
Explanation:
No other data provider has sought FCA accreditation for their benchmarks. All other transaction cost analysis (TCA) providers require give-up of trade data directly, without an independent benchmark rate.
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No
Section five. Award of contract
Contract No
CON/1001357
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
17 January 2024
five.2.2) Information about tenders
Number of tenders received: 1
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
NEW CHANGE CURRENCY CONSULTANTS LIMITED
2nd Floor, 10 Rathbone Place
London
W1T 1HP
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
08069933
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: £216,000
Total value of the contract/lot: £216,000
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
High Court of England and Wales
London
Country
United Kingdom