Tender for the Provision of Banking Services for Dublin City Council

Tender description

Provision of Overdraft Facility An overdraft facility of €50,000,000.00 on the cleared debit balances of the grouped current accounts is a mandatory requirement for the duration of the contract. The appropriate authorisations from the relevant Government Department and Dublin City Council will be provided in accordance with normal practice for lending to Local Authorities. Tenderers must submit a statement that this overdraft facility can be provided for the duration of the contract and please note that any tenderer who cannot fulfil this requirement, will be excluded from further consideration by Dublin City Council. Costs for Provision of Banking Services(2500 points) Transaction Fees The tenderer must provide Dublin City Council with a figure for an annual flat fee for banking services and banking transactions. A detailed listing of the banking services and banking transaction included in this annual flat fee must be provided to Dublin City Council. The table below contains indicative information on the average number of transactions for Dublin City Council in 2019 and 2020: Transaction Description Volumes No. of Cheques Issued 5,000 No. of Cheques Lodged 17,600 Total Cash Lodged €1.5m Electronic Payments - Out 333,000 Electronic Payments – In 33,000 No. of Direct Debit Transactions 271,000 No. of Unpaid Direct Debits 18,600 Unpaid Cheques 150 Interest Earned on Credit Balances The tenderer must supply details of projected interest earned on credit balances for the duration of the contract. The details must include the following: • The reference rate (ECB, Euribor or other rate) which will trigger rate changes • The margin relative to the reference rate • What conditions and limits (if any) apply to the interest rate changes Interest Charged on Credit Balances The tenderer must supply details of projected interest charged on credit balances for the duration of the period that this charge is levied by the Central Bank. The details must include the fo