Official UK procurement notice
Provision of Futures Clearing Broker Services
Authority: BORDER TO COAST PENSIONS PARTNERSHIP LIMITED (Public body)
What is being bought
Published requirement descriptionBorder to Coast Pensions Partnership Limited ("Border to Coast") is an FCA regulated investment manager based in Leeds, UK managing assets on behalf of 18 Local Government Pension Scheme ("LGPS") pension funds (as of 1 April 2026).
Border to Coast has investment propositions across a range of asset classes including equities, fixed income, private markets and real estate. There is a mix of internal (direct) and external (via third party managers) management across these propositions. Assets under management are currently ~£53bn and are expected to grow to ~£115bn over the next 2 - 3 years.
In addition, Border to Coast is developing a series of investment capabilities to provide advisory, asset allocation and implementation services to Partner Funds.
Border to Coast currently uses Bloomberg for its Order Management / Portfolio Management system ("OMS / PMS") but will be migrating to BlackRock Aladdin towards the end of 2026. Third Party Administrator ("TPA") services, including brokerage, custody and fund accounting, are provided by Northern Trust.
Border to Coast wishes to procure a Futures Clearing Broker to support the implementation of its futures capability. The provider's operating model needs to be able to fully integrate with our OMS / PMS (both current and future state) and our TPA.
This service will be exempt from VAT.
CPV: Financial consultancy, financial transaction processing and clearing-house services
The lotProcurement structure
single lot · no lot value publishedPipeline intelligence · planning stage: how this market runs before the tender is published
How BORDER TO COAST PENSIONS PARTNERSHIP LIMITED buys Financial consultancy, financial transaction processing and clearing-house services (CPV 6617), and who usually turns up
BORDER TO COAST PENSIONS PARTNERSHIP LIMITED’s published record next to the market for the same work. Frameworks and DPS are left out: they draw different bid counts. Whole-market view: Financial consultancy, financial transaction processing and clearing-house services (CPV 6617) →
How the contest usually goes
Winner shares use published awards; bid and price charts use contested lots.
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How often small and medium firms win.
Share of awards where the winner’s size is known.
The counts under this question show how many awards have a known supplier size.
No small-firm winners recorded among this authority’s published awards in this sample.
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How often local firms win similar work.
Winners with a registered address in the delivery region, out of awards with a known address.
Local means the winner is registered in the region where that award was delivered.
A local branch does not count if the registered address is elsewhere.
No winner locations published for this authority. Local means a registered address in the region where that award was delivered.
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How long buyers here take to decide after bids close.
Middle value in days from the bid deadline to the award date, on competitions that published both.
Only decided tenders count, so slow ones still waiting are not in.
Half of these awards have an award date within 32 days of the bid deadline.
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How often work is awarded with no recorded rival.
Direct awards and tenders where every published lot count shows one bid.
Both shares are minimums: some awards have no bid count.
Thin markets produce this too; it is not proof of a tailored specification.
Direct awards or one recorded bid are common here. Check the route before spending time on a bid.
How many bids did past lots attract?
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How many bids past lots received.
Each colour is a bid-count range. Only competed lots with a published count are included.
Past bids do not predict this tender.
1 bid0% / 13%
2–386% / 67%
4–614% / 17%
7+0% / 3%
How did awards compare with estimates?
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Where winning prices landed against estimates.
Each colour shows awards below, close to or above the published estimate, one lot at a time.
Past prices are a guide, not a bid price.
Below estimate0% / 42%
Within ±2%100% / 50%
Above estimate0% / 8%
Assess each lot i
What past awards tell you about each lot.
See the forecast, this buyer’s earlier suppliers and firms with relevant wins.
No supplier is confirmed as a bidder.
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What past awards tell you about each lot.
See the forecast, this buyer’s earlier suppliers and firms with relevant wins.
No supplier is confirmed as a bidder.
Open a lot for its forecast, this buyer’s previous supplier and possible competitors, from published award history, not a bid list
Lot #1CPV 6617Published estimate£500k
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How many bids this lot may attract.
The forecast uses similar past competitions. The bar shows either that forecast or past bid counts; the line below says which.
Each lot shows its own forecast based on its own category; forecasts for different lots of the same notice are not comparative. The bar shows 30 past lots.
A forecast, not a list of bidders.
1 bid13%
2–367%
4–617%
7+3%
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Where the award price may land.
The forecast uses similar awards and the buyer’s estimate. The band covers the middle half of likely prices.
No comparable awards for this lot yet.
A statistical guide from past awards, not a price to bid.
Who has supplied this buyer on similar work? i
Who has done similar work for this buyer.
Past contracts are matched by buyer, title and type of work.
A past supplier may not bid again.
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Who has done similar work for this buyer.
Past contracts are matched by buyer, title and type of work.
A past supplier may not bid again.
| Supplier | This buyer’s earlier contract | Lot | Award value | Why listed |
|---|---|---|---|---|
| HSBC Bank plcEarlier contract | Futures Clearing Broker Servicesstarted Sept 2026 | — | — | Matched as the earlier contract |
Who could compete for this lot? i
Who could compete for this lot?
Firms with relevant past wins. On a framework, we show firms on that agreement.
None is confirmed as a bidder.
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Who could compete for this lot?
Firms with relevant past wins. On a framework, we show firms on that agreement.
None is confirmed as a bidder.
Candidate suppliers for this notice have not been worked out yet, so this is not a verdict that nobody fits.
About this data
- Source. Official UK public procurement notices (Find a Tender), reused under the Open Government Licence v3.0. New notices arrive through the day; the figures are rebuilt nightly.
- Two views, kept apart. The authority’s own track record and the wider market for the same kind of work sit side by side and are never mixed. Where the local picture is too thin, a figure widens to a broader market and says which one it used.
- Forecasts are labelled. The price forecast and its range, possible competitors and the earlier-work matches are our estimates from past awards: not published facts, not win chances and not price advice. Official notices do not say who is bidding.
- Every figure shows what it rests on. Not every notice publishes a bid count, a value or a delivery region, so each figure carries the number of records behind it, and one built on few records is marked as such. The on a figure explains it; the counting rules are in the methodology. Spotted something wrong? Tell us.
What this replaces i
Who has done similar work for this buyer.
Past contracts are matched by buyer, title and type of work.
71% title match.
A past supplier may not bid again.
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Who has done similar work for this buyer.
Past contracts are matched by buyer, title and type of work.
71% title match.
A past supplier may not bid again.
The prior contract this notice most likely re-tenders · matched by title and category (71% title match), the holder is not guaranteed to re-bid
Futures Clearing Broker Services — held by HSBC Bank plc; no contract end date published.
Procedure terms & legal framework
From the official record- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Planned procurement
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 25 Mar 2026, 16:01 GMT
- Last source update
- 25 Mar 2026, 16:01 GMT
- Authority reference
DN811141- FTS notice number
2026/S 000-027478- Latest notice
- Preliminary market engagement notice (UK2)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-067424Find a Tender
How it was run
Official notice- Submission deadline
- —
Timeline
25 Mar 2026 → 25 Sept 2026 · 3 dates- Planning notice published216 days ago25 Mar 2026, 16:01 GMT
- Tender notice expected175 days ago5 May 2026, 23:59 BST
- Contract starts33 days ago25 Sept 2026, 00:00 BST
Notice history
1 event · 1 release on Find a Tender- Preliminary market engagement notice published25 Mar 2026, 16:01 GMTUK2
Commercial outcome & contract awards
Pipeline notice- Awards (0)
- No award published
- Contracts (0)
- No contract published
- Bid statistics
- No aggregate bid statistics published
Contracting authority & participating public bodies
Official documents & specifications (1)
Official links; attachments are not copiedNotices published for this procedure
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender