Contract for Provision of Third Party Administrator Services
Main contract details
Summary of Scope of Contracts and Contract Strategy:
In support of its strategic objectives, BCPP are looking to appoint a service provider (SP) who will support core capabilities necessary to achieve its objectives. These are as follows;
• Outsourced Dealing – Support of the execution of BCPP’s investment strategies through provision of an outsourced dealing service to support execution and matching of listed securities including equities, fixed income and collective investments.
• Middle Office Services – Support of the management of core processes and reporting for investment funds/sub-funds, including, but not exclusively, in relation to core investment management activity and asset life cycles.
• Fund Administration – Support for core administration of investment funds/sub-funds including, but not limited to, fund valuations and reporting and tax services.
• Depositary Services – Depositary services for investment funds/sub-funds, including but not limited to, oversight of valuations, subscription/redemption processing, transactions, and investment compliance.
Details of the target investment approach, investment funds/sub-funds and services being tendered are given in Sections 2, 3 and the Appendices of the ITT.
We anticipate that the tenderer appointed through this Procurement as the SP will enter into following agreements at a minimum:
• One Administration Services contract with the Company.
• One Depositary Services contract with the Company.
Given the ACS and AIF investment fund/sub-fund structure outlined in Section 2, and services outlined in Section 3, we would discuss with each tenderer as part of the dialogue stage, the optimal number of specific contracts which would support its proposed solution.
The term of the contracts will be for an initial period of 5 years. After the initial period the Company will have the option to extend for three years and then a further two years, subject to a termination clause, resulting in a potential maximum contract term of 10 years.
Please see tender documentation for further information.
All correspondence regarding the tender must be via The Chest.
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Key dates
Expression of interest window
From 24/08/2017 13:10 to 25/09/2017 12:00
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Contact details
Carlisle
Cumbria
CA1 1RD
United Kingdom