Opportunity overview
This notice does not commence a competitive tendering process. For the detailed requirements and relevant documentation, please see the Call for Competition, published on https://www.etenders.gov.ie/epps/cft/listContractDocuments.do?resourceId=7694501. Description: The TSOs are developing competitive market arrangements for system services under the FASS Programme (Future Arrangements for System Services). The TSOs require that all markets under FASS are fully collateralised. To accomplish this the TSOs require credit management services to be provided by a third party, who will assume and manage the credit risk to the TSOs, including the implementation of automated system-to-system interfaces to enable this service. (1) The primary service required by the TSOs is credit management for DASSA (Day Ahead System Services Auction) secondary trading. (2) A secondary element of the service is the management of a fixed amount of collateral for providers to cover other aspects of the FASS markets including but not limited to any performance related payments due to the TSOs (e.g. DASSA compensation payments) and resettlement. Full information relating to our requirement can be found in the accompanying procurement documents 'FASS PQQ and Information Memorandum'. Please note that the value of this tender reflects the amount expected to be paid by EirGrid and SONI for this implementation and maintenance of this service. The TSOs expect that the operational costs for providing this service will be recovered from market participants, reflecting the cost to the tenderer to manage market participants’ credit cover. As such, the value of the tender reflects only the portion of the total value payable by EirGrid and SONI to the tenderer.
Classification
- CPV48100000 — Industry specific software package
- CPV48217000 — Transaction-processing software package
- CPV48441000 — Financial analysis software package
- CPV48442000 — Financial systems software package
- CPV48812000 — Financial information systems
- CPV66100000 — Banking and investment services
- CPV66130000 — Brokerage and related securities and commodities services
- CPV66131000 — Security brokerage services
- CPV66132000 — Commodity brokerage services
- CPV66133000 — Processing and clearing services
- CPV66152000 — Financial market regulatory services
- CPV66170000 — Financial consultancy, financial transaction processing and clearing-house services
- CPV72232000 — Development of transaction processing and custom software
Lots
- Lot 1€1.1m
Documents and notices
- Tender notice on Find a TenderOpen source ↗