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Awarded

Financial and insurance services

Published

Supplier(s)

Northern Bank Financial Services Ltd, Barclays Plc, Bank Of Ireland (UK) Plc

Description

Sources of income for the Housing Executive are primarily rents from tenants of its almost 90 000 homes and deficit grant. At times during the year, income from rent exceeds expenditure, thereby creating temporary surplus cash funds. In-line with good stewardship practices, the Housing Executive places such excess funds on the Money Market for periods usually not exceeding 60 days. The Housing Executive invites tenders to provide a Money Market Deposit Service via a Framework Agreement. After the tender evaluation the Housing Executive will award the highest scoring six tenderers onto the Framework. When the Housing Executive has a requirement to place a short term deposit, a secondary competition will be carried out with these six Framework providers. The provider offering the highest interest rate will be offered the deposit.

Timeline

Publish date

8 years ago

Buyer information

Northern Ireland Housing Executive

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Notice topics

Banking and investment servicesBanking servicesDeposit servicesFinancial and insurance services

Related topics

Reinsurance servicesTreasury servicesInsurance and pension servicesLoan brokerage servicesForeign exchange servicesFinancial consultancy, financial transaction processing and clearing-house services

Source

Ted (OJEU)
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