Prior information notice regarding Global Custody Agreement 2024

Arbejdsmarkedets Tillægspension wishes to enter into a Global Custody Agreement for a period of 4 to 8 years to replace the present agreement, which terminates 6 October 2025.Arbejdsmarkedets Tillægspension — which is a pension fund organized as an independent, self-governing institution governed by law located in Denmark — will be …

CPV: 66100000 Servicios bancarios y de inversión, 66110000 Servicios bancarios, 66150000 Servicios de administración de los mercados financieros, 66162000 Servicios de custodia, 66172000 Servicios de procesamiento de transacciones financieras y de cámara de compensación
Lugar de ejecución:
Prior information notice regarding Global Custody Agreement 2024
Organismo adjudicador:
ATP
Número de premio:
234601305

1. Buyer

1.1 Buyer

Official name : ATP
Legal type of the buyer : Body governed by public law
Activity of the contracting authority : General public services

2. Procedure

2.1 Procedure

Title : Prior information notice regarding Global Custody Agreement 2024
Description : Arbejdsmarkedets Tillægspension wishes to enter into a Global Custody Agreement for a period of 4 to 8 years to replace the present agreement, which terminates 6 October 2025.Arbejdsmarkedets Tillægspension — which is a pension fund organized as an independent, self-governing institution governed by law located in Denmark — will be the contracting party. The contract will include services to Arbejdsmarkedets Tillægspension as well as its subsidiaries and schemes and entities administered or managed by Arbejdsmarkedets Tillægspension (collectively referred to as ATP in this notice).The Global Custody Agreement will comprise the following main services:A) Safekeeping of ATP's securities and daily reconciliations between the custodian banks registrations and sub-custodians/CSD's or ICSD's.B) Trade processing of ATP's securities and FX instrument trades. Services such as pre-matching of ATP's trade instructions, SSI enrichment and settlement of transactions are required by ATP.C) Cash management services such as daily management of ATP's settlement accounts in various currencies and payments to and from ATP's counterparties.D) Additional custody services such as e.g. handling of proceeds, corporate actions and reclaim of withholding tax, etc.E) Collateral Management services related to the daily administration of mainly ATP's OTC derivatives (bilateral and cleared).F) Committed Credit Facility to ATP. This is contained as an option in the Global Custody Agreement.The custodian banks services are expected to be performed in a standard (high level of e.g. STP and IT security), which is expected to be delivered by the leading international providers of global custody services. ATP expects the custodian bank to improve its services on an on-going basis throughout the term of the agreement with ATP to match changes in market standards, products and best practices for the Global Custody and Collateral Management industry, and ATP expects the global custodian to be willing to set new standards and support ATP's goals.The volume of the Global Custody Agreement depends, among other things, on the development of the stock markets, ATP's investment strategy and the size of ATP's assets, which per 31 December 2023 was approximately 860 billion DKK, of which approximately 500 billion DKK of the assets will be included in the Global Custody Agreement.
Internal identifier : 234601305

2.1.1 Purpose

Main nature of the contract : Services
Main classification ( cpv ): 66100000 Banking and investment services
Additional classification ( cpv ): 66110000 Banking services
Additional classification ( cpv ): 66150000 Financial markets administration services
Additional classification ( cpv ): 66162000 Custody services
Additional classification ( cpv ): 66172000 Financial transaction processing and clearing-house services

2.1.2 Place of performance

Country : Denmark
Anywhere in the given country

2.1.4 General information

Legal basis :
Directive 2014/24/EU

3. Part

3.1 Part : PAR-0000

Title : Forhåndsmeddelelse vedr. depotbankydelser 2024
Description : Arbejdsmarkedets Tillægspension wishes to enter into a Global Custodian Agreement for a period of 4 to 6 years to replace the present agreement, which terminates 6 October 2025.Arbejdsmarkedets Tillægspension — which is a pension fund organized as an independent, self-governing institution governed by law — will be the contracting party. The contract will include services to Arbejdsmarkedets Tillægspension as well as its subsidiaries and schemes and entities administered or managed by Arbejdsmarkedets Tillægspension (collectively referred to as ATP in this notice).The Global Custody Agreement will comprise the following main services:Global custody/safekeeping services for securities and FX instruments. The global custody services will among other things include the following services:A) Safekeeping of ATP's securities and daily reconciliations between the custodian banks registrations and sub-custodians/CSD's or ICSD's.B) Trade processing of ATP's securities and FX instrument trades. Services such as pre-matching of ATP's trade instructions, SSI enrichment and settlement of transactions are required by ATP.C) Cash management services such as daily management of ATP's settlement accounts in various currencies and payments to and from ATP's counterparties.D) Additional custody services such as e.g. handling of proceeds, corporate actions and reclaim of withholding tax, etc.E) Collateral Management services related to the daily administration of mainly ATP's OTC derivatives (bilateral and cleared). This is contained as an option in the Global Custody Agreement.F) Commited Credit Facility to ATP of the equivalent amount of DKK [1] bn. This is contained as an option in the Global Custody Agreement.G) A Third-party Margin Account Agreement between the custodian bank, ATP and one of ATP's counterparties. This is contained as an option in the Global Custody Agreement.The custodian banks services are expected to be performed in a standard (high level of e.g. STP and IT security), which is expected to be delivered by the leading international providers of global custody services. ATP expects the custodian bank to improve its services on an on-going basis throughout the term of the agreement with ATP to match changes in market standards, products and best practices for the Global Custody and Collateral Management industry, and ATP expects the global custodian to be willing to set new standards and support ATP's goals.
Internal identifier : 234601305

3.1.1 Purpose

Main nature of the contract : Services
Main classification ( cpv ): 66100000 Banking and investment services
Additional classification ( cpv ): 66110000 Banking services
Additional classification ( cpv ): 66150000 Financial markets administration services
Additional classification ( cpv ): 66162000 Custody services
Additional classification ( cpv ): 66172000 Financial transaction processing and clearing-house services

3.1.2 Place of performance

Country : Denmark
Anywhere in the given country

3.1.5 General information

Reserved participation : Participation is not reserved.
The procurement is covered by the Government Procurement Agreement (GPA) : yes

3.1.6 Procurement documents

Languages in which the procurement documents are officially available : English
Address of the procurement documents : https://permalink.mercell.com/234601305.aspx ,

3.1.7 Terms of procurement

The execution of the contract must be performed within the framework of sheltered employment programmes : No

3.1.9 Further information, mediation and review

Review organisation : Klagenævnet for Udbud - Nævnenes Hus
Organisation providing more information on the review procedures : Konkurrence- og Forbrugerstyrelsen

8. Organisations

8.1 ORG-0001

Official name : ATP
Registration number : 43405810
Postal address : Kongens Vænge 8
Town : Hillerød
Postcode : 3400
Country subdivision (NUTS) : Nordsjælland ( DK013 )
Country : Denmark
Contact point : Anna Christine Krøger-Petersen
Telephone : +45 70111213
Roles of this organisation :
Buyer

8.1 ORG-0002

Official name : Klagenævnet for Udbud - Nævnenes Hus
Registration number : 37795526
Postal address : Toldboden 2
Town : Viborg
Postcode : 8800
Country subdivision (NUTS) : Vestjylland ( DK041 )
Country : Denmark
Telephone : +45 72405600
Fax : +45 33307799
Internet address : http://www.naevneneshus.dk
Roles of this organisation :
Review organisation

8.1 ORG-0003

Official name : Konkurrence- og Forbrugerstyrelsen
Registration number : 10294819
Postal address : Carl Jacobsens Vej 35
Town : Valby
Postcode : 2500
Country subdivision (NUTS) : Byen København ( DK011 )
Country : Denmark
Telephone : +45 41715000
Fax : +45 41715100
Internet address : http://www.kfst.dk
Roles of this organisation :
Organisation providing more information on the review procedures

8.1 ORG-0004

Official name : Mercell Holding ASA
Registration number : 980921565
Postal address : Askekroken 11
Town : Oslo
Postcode : 0277
Country subdivision (NUTS) : Oslo ( NO081 )
Country : Norway
Contact point : eSender
Telephone : +47 21018800
Fax : +47 21018801
Internet address : http://mercell.com/
Roles of this organisation :
TED eSender

11. Notice information

11.1 Notice information

Notice identifier/version : 4f451cae-72cf-499a-9b09-923ea9000fd7 - 01
Form type : Planning
Notice type : Prior information notice or a periodic indicative notice used only for information
Notice dispatch date : 29/08/2024 08:22 +00:00
Notice dispatch date (eSender) : 29/08/2024 08:43 +00:00
Languages in which this notice is officially available : English

11.2 Publication information

Notice publication number : 00520698-2024
OJ S issue number : 169/2024
Publication date : 30/08/2024
Estimated date of publication of a contract notice within this procedure : 30/09/2024