# Sponsor Bank for Short Term Contingency

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Department for Work and Pensions](/buyers/department-for-work-and-pensions/contract-awards)
- Contract winner: HSBC Bank PLC
- Award value: £190,800
- Tender value: £190,800
- Award date: 30 June 2020
- Published: 14 July 2020
- Contract start: 1 July 2020
- Contract end: 30 June 2021
- Stage: awarded
- Procurement category: services
- Notice ID: 24648259-bcd8-4ca4-9375-b96a8246acd2-370441
- OCID: ocds-b5fd17-9cff2288-b479-44ff-91d4-75955897c66f

## Description

This notice is to advise of the award of contract for the Sponsor Bank element of the Short Term Payment Contingency service\. Sponsor Bank services are required to manage funding in the event that the Department for Work and Pensions invokes the Short Term Payment Contingency service\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/24648259-bcd8-4ca4-9375-b96a8246acd2-370441)