Banking services

Tender description

The British Business Bank is seeking an agency services provider for the provision of business bank operations for the guarantee and wholesale solutions team for a 5-year period. The British Business Bank is seeking an agency services provider for the provision of business bank operations for the guarantee and wholesale solutions team for a 5-year period. The agency services provider will perform the functions outlined below: 1) Performance and analytics of synthetic securitisation transactions: (a) typically quarterly performance reporting including reporting any reporting required under the securitisation regulation; (b) annual discretionary review of the systems and processes which ensure business continuity by minimizing risks while providing compliance with legal and statutory requirements; (c) guarantee performance analytics; (d) calculation of premia. 2) Actions testing: (a) suitability testing for replenishments based on data fields in the dataset; (b) checking eligibility of the guarantee assets; (c) communicating guarantee claims to the British Business Bank payment unit.