Selection of banks for the execution of payments in EUR mainly within the SEPA Area

Item Description:

The Single Resolution Board (referred to below as “the SRB” or “Contracting authority”) is planning to award the contract(s) resulting from the above procurement procedure. The procurement documents consist of the contract notice, the invitation letter, the tender specifications with their respective annexes and the draft contract. All documents are available in the attached ZIP File.

Scope of the Services

The SRB holds a number of bank accounts, with different commercial banks selected as result of specific tendering procedures, for the execution of payments in EUR, in other EU currencies as well as in non-EU currencies.

The purpose of this procedure is to select up to five banks for the opening of account(s) and processing incoming/outgoing payments in EUR and, occasionally, in other currencies. The SRB may decide to open one (or more) bank accounts in EUR with one or more of the selected banks. The choice of the bank(s) and the distribution of account(s) will remain at the discretion of the SRB, taking into account its technical and operational considerations, and will depend inter alia on the specific conditions offered by each bank for their payment transactions, overnight balances and deposits.

Some of the main objectives of the SRB, with regard to the payment services covered by this procedure, are to:

• Monitor value dates of payments to beneficiaries;
• Closely monitor charges and commissions on transactions;
• Identify clearly interest income;
• Identify clearly interest expense;
• Perform the automatic reconciliation of all the transactions on the bank accounts.

All these aspects should therefore be covered to meet the requirements of this procedure.

Download all available documents in: [ZIP]