AWARD OUTCOME
What happened
The Bank of England published a transparency notice for a proposed direct award to SWIFT SC for its Fixed Fee Programme, covering messaging and API calls in live and test environments. The award remains pending, with signature scheduled for 20 October 2026.
Published outcomePending direct award to SWIFT SC for €6,400,000 gross.
Market significanceThis is an above-threshold, single-supplier technology and data-transmission services procurement based on stated exclusive-rights and technical-reasons grounds.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
SWIFT SC
98% confidenceAward 1 · Lots 1 · 6400000 EUR · Pending award
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Award 1 names SWIFT SC as supplier, relates to lot 1, has pending status and states a gross value of EUR 6,400,000. The notice does not publish a separate lot-level or supplier-specific allocation beyond this single-supplier award.
LIFECYCLE
Award or contract stage
Published notice
99% confidenceTransparency notice published 7 October 2026
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Award document 094799-2026 is described as a Transparency notice on Find a Tender and dated 2026-10-07T14:27:20+01:00.
Award status
99% confidencePending
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Award 1 has status 'pending'.
Procurement status
92% confidenceComplete
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Tender CD-1926 has status 'complete'; this does not evidence contract signature because the award is pending.
Scheduled signature
99% confidence20 October 2026
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Award milestone type futureSignatureDate is scheduled for 2026-10-20T23:59:59+01:00.
VALUES
Published values explained
Award value
99% confidence€6,400,000 gross
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Award 1 value states amountGross 6400000, amount 6400000 and currency EUR.
Value attribution
95% confidenceSingle pending award covering lot 1
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Award 1 has one named supplier and related lot 1; no separate lot value is published.
TIMELINE
Procurement timeline
Notice publication
99% confidence7 October 2026
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Award notice document 094799-2026 was published at 2026-10-07T14:27:20+01:00.
Scheduled signature date
99% confidence20 October 2026
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The futureSignatureDate milestone is scheduled for 2026-10-20T23:59:59+01:00.
Planned contract start
99% confidence21 October 2026
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Award 1 contractPeriod startDate is 2026-10-21T00:00:00+01:00.
Planned contract end
99% confidence20 October 2029
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Award 1 contractPeriod endDate is 2029-10-20T23:59:59+01:00.
Planned term
97% confidenceApproximately three years
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The published planned period runs from 21 October 2026 to 20 October 2029.
SCOPE
What was awarded
Programme
99% confidenceFixed Fee Programme
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Tender title is 'Fixed Fee Programme'.
Service scope
99% confidenceMessaging and API calls for live and test environments
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Tender description states: 'The Fixed Fee Programme includes all messaging and API calls for live and test environments.'
Procurement category
99% confidenceServices
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Award 1 mainProcurementCategory is services.
Classifications
99% confidenceTelephone and data transmission services; IT services including consulting, software development, Internet and support
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Award item classifications are CPV 64210000 and CPV 72000000.
Delivery location
98% confidenceUnited Kingdom
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Award item delivery address specifies country GB and region UK.
PROCEDURE
Procedure and competition
Procedure
99% confidenceDirect award
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Tender procurementMethod is direct and procurementMethodDetails is 'Direct award'.
Stated rationale
99% confidenceSole supplier of this service
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The procurementMethodRationale states 'Sole Supplier of this service.'
Rationale classifications
99% confidenceExclusive rights and technical reasons
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Classifications are singleSuppliersIntellectualPropertyExclusiveRights and singleSuppliersTechnicalReasons.
Competition information
98% confidenceNo bid or competitor information published
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The supplied notice data contains no bid-count, tenderer, evaluation or competitor fields.
CONTRACT TERMS
Published contract terms
Contract status
99% confidenceNot evidenced as signed
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Award 1 is pending and a future signature date is scheduled. No executed-contract or signed status is supplied.
Planned term
99% confidence21 October 2026 to 20 October 2029
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The award contractPeriod provides these start and end dates.
Extension or renewal terms
98% confidenceNot published
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No extension or renewal terms appear in the supplied record.
COMMERCIAL VIEW
Commercial observations
Commercial model
91% confidenceFixed-fee programme
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The procurement title is 'Fixed Fee Programme'. No detailed pricing structure is published.
Supplier dependence signal
98% confidenceBuyer cites sole-supplier, exclusive-rights and technical-reasons grounds
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The direct-award rationale and classifications explicitly state these grounds.
Addressable scope
98% confidenceLive and test messaging and API activity
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The tender description covers all messaging and API calls for live and test environments.
DATA QUALITY
Gaps and source limitations
Lifecycle interpretation
99% confidencePending award with future signature date; not a signed-contract record
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Award status is pending and the notice includes a scheduled futureSignatureDate.
Information not supplied in the published notice
98% confidenceNo tender start date, submission deadline, bid count, evaluation information, pricing breakdown, lot title, lot value, extension terms or renewal terms.
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These fields are absent or null in the supplied source data.
Conflict-of-interest documentation
99% confidenceNot published
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Tender document conflictOfInterest has description 'Not published'.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- The source does not evidence that a contract has been signed or started.
- No bid count, evaluation detail, scoring, pricing breakdown or competitor information is published.
- Lot 1 has no published title, description or individual value.
- No extension, option or renewal terms are published.
- Conflict-of-interest documentation is marked as not published.
MARKET THEMES
Relevant award themes
Bank of EnglandSWIFT SCFixed Fee Programmedirect awardmessaging servicesAPI servicesFind a Tender
COMMON QUESTIONS
About this award
Who is the proposed supplier?
SWIFT SC is the named supplier for the pending award.
What is the published award value?
The award value is €6,400,000 gross.
Has the contract been signed?
No signed contract is evidenced. The award is pending and signature is scheduled for 20 October 2026.
When is the planned contract period?
The published period is 21 October 2026 to 20 October 2029.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.