Banking Services

The contract for the provision of Banking Services ("The Services") is being tendered by the Board of the Pension Protection PPF ("The PPF") in accordance with the Public Contracts Regulations 2015 under the Open Procedure. The PPF requires a UK clearing bank to provide a full range of clearing bank services. The Contract will commence in December 2018/January 2019 and will be awarded for a period of four years from the Services Commencement Date ("the Initial Contract Term"). The Contract may be extended on the same terms and conditions at the PPF's option for a further period or periods not exceeding six years in total. The maximum duration of the Contract Term will therefore be 10 ye…

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