Banking Services

Tender description

The University of Derby is a thriving institution inspired by a dedication to quality and opportunity. It is an innovator in flexible modular study and e-learning solutions tailoring programmes to students' needs. The University is home to a diverse community of over 28,000 students from the UK and overseas. Subjects offered to students include a wide range of disciplines in Arts, Design and Technology; Business, Computing and Law; and Education, Health and Sciences, all leaders in their field. The University is located on three campuses, one on the western edge of the City of Derby, the others in Buxton and Chesterfield. The three campuses and numerous other satellite learning sites employ over 2,500 people. Please visit www.derby.ac.uk for more information on the University of Derby. The University of Derby under the terms of its Treasury Policy is looking to procure its banking facilities to enable it to continue to grow and manage its operations efficiently and effectively. There are currently 14 bank accounts - all registered at the main University site on Kedleston Road covering all of our group companies. The scale of cash holdings can range from £5m to £60m, although our current Treasury Policy is that we will currently hold a maximum of £15m in any of banking counterparties. Services Required: • Current Account • Foreign Exchange (primarily US$ and Euro), i/c client connection to FX dealing room • UK and world-wide payment receipts including on-line DD etc. • Overdraft Facilities - not currently in use • Working Capital/loan facilities, interest only/revolver loans; capital repayment and interest • Cash Services • Salary and Payments - BACS tel-IP • Deposits - including reserve and money markets (Registered Charity expertise) • Electronic Banking services - balance and transactions reporting-payment execution (BACS/CHAPS/Faster payments/International/export into back office applications. • Use of balances: set -off/sweep to interest bearing/treasury deposits • Cheque Handling and customised cheques • Paying in Books - references • Currency Accounts/Services • Secure pickup arrangements/deposit at branch - cash, cheques, coin (frequency) • Notes and coin requirements - local branch/secure delivery • Streamlined Direct Debit set up for student fees, preferably with the implementation of paperless direct debits (AUDIS) • FOC Cash Point Facilities • Global Presence (which Countries)