# Loan and Securities Collateral Legal Panel

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [BANK OF ENGLAND](/buyers/bank-of-england/contract-awards)
- Tender value: £3,600,000
- Published: 19 June 2023
- Planned start: 15 January 2024
- Planned end: 14 January 2027
- Stage: open_tender
- Procurement category: services
- Notice ID: f4875d9a-2fc8-4632-ace1-79ca6311d018-654789
- OCID: ocds-b5fd17-cbe67b6a-b773-4f4e-960a-c7d1ba788ba2

## Description

The Bank of England \(the "Bank"\) lends through its market operations against eligible collateral delivered by firms\. This takes the form of either loan or securities collateral\. To ensure that the collateral is eligible for the Bank's operations, legal due diligence is required, particularly when it comes to loan collateral\. The Bank is therefore seeking 3 law firms to be part of a framework and to conduct legal reviews relating to collateral on a case-by-case basis\. The overall contract value includes the costs of all reviews, which will ultimately be recharged to the firm that is seeking to position the collateral with the Bank\.

## Related contract awards

- [LSEG Market Data Research](/contracts/ocds-b5fd17-5d779274-0ec5-4c82-80f7-3bb65f2631dc): BANK OF ENGLAND
- [LSEG Market Data Research - Supplementary services](/contracts/ocds-b5fd17-d1900731-9460-48ce-b870-93bf53e7368f): BANK OF ENGLAND
- [Provision of Data Protection Hardware, Software and Support](/contracts/ocds-b5fd17-87a62014-e032-4f86-8372-18092a16a34a): BANK OF ENGLAND

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/f4875d9a-2fc8-4632-ace1-79ca6311d018-654789)