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    ContractsBanking and Custody Services for Asset-Backed Securities
    Closed contract

    Banking and Custody Services for Asset-Backed Securities

    Contract value
    £1.5m
    Closed 7 Oct 2026

    The British Business Bank is seeking a banking and custody services supplier for Asset-Backed Securities and other debt instruments, with anticipated portfolio growth over the contract term.

    🇬🇧United Kingdom· Yorkshire and the HumberPublished 8 Sept 2026· 1 month agoviaFind a Tender
    Contract value
    £1.5m
    Closed 7 Oct 2026
    Tender deadline passed on 7 Oct 2026.

    Decision brief

    4 fields
    • Contract value
      est.£1,500,000
      Pounds sterling
    • Tender closed
      7 Oct 2026
      3 weeks ago
    • Sector
      Financial Services
      Browse related listings
    • Location
      🇬🇧United Kingdom
      Yorkshire and the Humber

    Lifecycle

    Closed

    Tender closed on 7 Oct 2026. Awaiting award.

    8 Sept 2026Today7 Oct 2026

    Brief

    The British Business Bank is seeking a single supplier to provide comprehensive banking and custody services for Asset-Backed Securities (ABS), Tier 2 securities, and other listed debt instruments. The supplier will be responsible for asset safekeeping, settlement, asset servicing, reporting, valuation, and securities financing as needed. Key objectives include protecting the Bank's assets, maintaining operational control, enabling timely and accurate settlement, supporting primary-market and securities-financing activities, and ensuring compliance with legal and regulatory custody standards. The Bank's investment and programme requirements are expected to evolve, and the supplier must be capable of supporting additional listed debt instruments and related custody services. The pricing schedule is based on the Bank's current portfolio position, but the underlying asset portfolio and associated service volumes are anticipated to increase over the contract term as programmes expand. The Bank reserves the right to vary the contract, including pricing, during its term to reflect portfolio growth and transaction volume increases, in accordance with the Procurement Act 2023. Tender documentation and submission instructions are available through the eSourcing portal.

    Track record

    10 awards · 9 winners
    Open field

    No single supplier dominates the field.

    In financial services, British Business Bank has awarded 10 contracts to 9 suppliers.

    Who wins here
    1. Government Actuarys Dept2× · 20%
    2. QUALCO UK1× · 10%
    3. Killik & Co LLP1× · 10%
    4. UAB CREDITONLINE1× · 10%
    5. EQUIFAX LIMITED1× · 10%
    6. DELOITTE LLP1× · 10%

    +3 more suppliers

    Across financial services, the most active winners are ARTHUR J GALLAGHER INSURANCE BROKERS LTD, ECCLESIASTICAL INSURANCE OFFICE PUBLIC LIMITED COMPANY, ALLPAY LTD — the field to beat, or your route in as a partner.

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    Take action
    View on sourceFind a Tender

    Original closed notice on the publisher's site

    Publisher
    UK Cabinet Office
    Licence
    OGL v3.0
    Source
    find-tender.service.gov.uk
    Record ID
    ocds-h6vhtk-06f51a

    Track

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    BB
    Buyer
    British Business Bank
    Sector
    Financial Services