The Central Bank is responsible for the administration of the Irish Deposit Guarantee Scheme (“DGS”) which compensates depositors in the event of a credit institution failing. In the event of a liquidator being appointed to a credit institution, the Central Bank is obliged to pay compensation up to 100 000 GBP per person per institution to depositors who are deemed eligible under the rules of the scheme within specified deadlines.
The Central Bank is seeking a business partner to provide services to support the Central Bank in the administration of the DGS.
Deadline
The time limit for receipt of tenders was 2019-05-10.
The procurement was published on 2019-04-05.
Object Scope of the procurement
Title:
“Invitation to Tender for the Provision of Deposit Guarantee Scheme Support Services for the Central Bank of Ireland
2018P081”
Products/services: Data-processing services📦
Short description:
“The Central Bank is responsible for the administration of the Irish Deposit Guarantee Scheme (“DGS”) which compensates depositors in the event of a credit...”
Short description
The Central Bank is responsible for the administration of the Irish Deposit Guarantee Scheme (“DGS”) which compensates depositors in the event of a credit institution failing. In the event of a liquidator being appointed to a credit institution, the Central Bank is obliged to pay compensation up to 100 000 GBP per person per institution to depositors who are deemed eligible under the rules of the scheme within specified deadlines.
The Central Bank is seeking a business partner to provide services to support the Central Bank in the administration of the DGS.
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Estimated value excluding VAT: EUR 4 500 000 💰
The Central Bank is responsible for the administration of the Irish Deposit Guarantee Scheme (“DGS”) which compensates depositors in the event of a credit institution failing. In the event of a liquidator being appointed to a credit institution, the Central Bank is obliged to pay compensation up to 100 000 GBP per person per institution to depositors who are deemed eligible under the rules of the scheme within specified deadlines.
The Central Bank is seeking a business partner to provide support services as follows:
(i) in the event of a covered bank failing and a liquidator being appointed to that institution, the DGS will be invoked. The business partner will be notified and required to immediately increase operational capability in line with the size of the failed institution and its deposit base in order to support the required level of service for a DGS compensation event;
(ii) during business as usual (BAU) the successful tenderer will:
— run bi-annual stress tests/simulation events to prove readiness of banks to meet DGS obligations,
— ongoing data file testing — collect and validate depositor data files from banks and provide feedback on compliance with the DGS data file specification,
— engage in bilateral file exchange testing with other European Deposit Guarantee Schemes.
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Price is not the only award criterion and all criteria are stated only in the procurement documents
Scope of the procurement
Estimated total value excluding VAT: EUR 4 500 000 💰
Duration of the contract, framework agreement or dynamic purchasing system
The time frame below is expressed in number of months.
Description
Duration: 60
Duration of the contract, framework agreement or dynamic purchasing system
This contract is subject to renewal ✅ Description
Description of renewals:
“The Central Bank may extend the term on the same terms and conditions for a period or periods of up to 12 months with a maximum of 24 months.”
Additional information: See tender documents for details at www.etenders.ie RFT ID 148808
Legal, economic, financial and technical information Economic and financial standing
Selection criteria as stated in the procurement documents
Technical and professional ability
Selection criteria as stated in the procurement documents
Procedure Type of procedure
Open procedure
Administrative information
Previous publication concerning this procedure: 2018/S 125-285152
Time limit for receipt of tenders or requests to participate: 2019-05-10
12:00 📅
Languages in which tenders or requests to participate may be submitted: English 🗣️
The time frame below is expressed in number of months.
Minimum time frame during which the tenderer must maintain the tender: 6
Conditions for opening of tenders: 2019-05-10
12:00 📅
Complementary information Information about recurrence
This is a recurrent procurement ✅
Estimated timing for further notices to be published: Further notices will be published for services at the end of this contract.
Review body
Name: High Court
Postal town: Dublin 1
Country: Ireland 🇮🇪
URL: www.courts.ie🌏
Source: OJS 2019/S 071-167936 (2019-04-05)
Corrigenda (2019-04-16) Object Scope of the procurement
Short description:
“The Central Bank is responsible for the administration of the Irish Deposit Guarantee Scheme (“DGS”) which compensates depositors in the event of a credit...”
Short description
The Central Bank is responsible for the administration of the Irish Deposit Guarantee Scheme (“DGS”) which compensates depositors in the event of a credit institution failing. In the event of a liquidator being appointed to a credit institution, the Central Bank is obliged to pay compensation up to 100 000 EUR per person per institution to depositors who are deemed eligible under the rules of the scheme within specified deadlines.
The Central Bank is seeking a business partner to provide services to support the Central Bank in the administration of the DGS.
Complementary information Original notice reference
Notice number in the OJ S: 2019/S 071-167936
Changes Text to be corrected in the original notice
Section number: II.1.4)
Place of text to be modified: Short description
Old value
Text: [...] compensation up to 100 000 GBP per person [...]
New value
Text: [...] compensation up to 100 000 EUR per person [...]
Text to be corrected in the original notice
Section number: II.2.4)
Place of text to be modified: Description of the procurement
Old value
Text: [...] compensation up to 100 000 GBP per person [...]
New value
Text: [...] compensation up to 100 000 EUR per person [...]
Source: OJS 2019/S 076-181679 (2019-04-16)