Provision of Treasury Advisory Services to Newport City Council

Tender description

Newport City Council is seeking the provision of advisory services in relation to the City Council’s borrowing and investment activities and other treasury management functions such as financial market information and intelligent analysis. The Contract will be for a period of 7 years, with possible annual extension for a further 2 years on the basis of satisfactory performance. This advert should be read in conjunction to the Invitation to Tender document available through etenderwales, ITT_101275. Services to include Borrowing, Investments, Interest Rate Forecasts and Market Information, Technical and Capital Finance Advice, Leasing Advisory Services and Documentation – TM Strategy, TMPs, Reports. The Council retains an investment balance of at least £10m to retain professional investment status under MiFiD II, and advisory services will need to be applicable to those levels of investment, to include for instance Advice on how to keep the Council’s funds secure and manage the risks associated with external investments. Throughout the contract, up-to-date advice (daily or live) is needed on: • counterparties that should be included or removed from the Council’s lending list • the limits for individual counterparties (amount and period of investment) • alternative investment options available • which financial instruments should be used • a toolkit to easily work out liability benchmark