Loan and Securities Collateral Legal Panel 2024
Bank of England · London
Key facts
- Estimated value
- £3,600,000
- Closing date
- 14 Feb 2024
- Procedure
- Restricted procedure (framework)
- Buyer type
- Central government
- Source
- Find a Tender
Description
The Bank of England (the "Bank") lends through its market operations against eligible collateral delivered by firms. This takes the form of either loan or securities collateral. To ensure that the collateral is eligible for the Bank's operations, legal due diligence is required, particularly when it comes to loan collateral. The Bank is therefore seeking 3 law firms to be part of a framework and to conduct legal reviews relating to collateral on a case-by-case basis. The overall contract value includes the costs of all reviews, which will ultimately be recharged to the firm that is seeking to position the collateral with the Bank.
Categories (CPV)
- 79100000 Legal services
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