Public procurement notice: Prior Information Notice Without Call For Competition
Published: 2016-07-27
Buyer: Office for National Statistics
Country: UK
Region: Monmouthshire and Newport
Contract type: Services
CPV classification: 48613000 | 64216110 | 72300000 | 72310000: Data processing services | 72312000: Data entry services

Technical requirements: We are looking for data we can compile into our quarterly, annual and ad hoc financial statistics which are published on a non-disclosive basis i.e. do not allow for individuals (people or organisations') to be identified. Our preference is to receive record-level data and we need clear explanations of both the source of the data and any methodology used in the production of the data. The areas we are interested in include:
— Transactions and income from securities (debt securities, equity, investment fund shares / units) and;
Data collected from this tender will be used for the purpose of producing aggregate statistics and for statistical research. The ONS have a defined set of policies on the collection and storage of data, ensuring its use is in a secure environment. Further information on ONS's data policies and security policies can be found on the ONS website.
The Office for National Statistics (ONS), working in partnership with the Bank of England, has ambitious plans to transform our economic statistics over the coming years, informed by our Economic Statistics and Analysis Strategy and with the aim of increasing the robustness and quality of UK economic statistics. A key element of our transformation work is the development of enhanced financial statistics — in particular more detailed ‘flow of funds’ statistics — to meet evolving user needs.
It is of particular importance to the UK, with its large and international financial sector, that good quality, detailed financial statistics are available to drive the robust analyses required by policy-makers, economists and market analysts. Counter-party information (‘whom-to-whom’ statistics) on balance sheets (stocks) and transactions (the ‘flow of funds’) are a particular requirement.
2 of the main objectives for the UK's enhanced financial accounts are to improve the quality, coverage and granularity of the UK's financial accounts, including whom-to-whom statistics and to improve our flexibility to meet new or ad hoc demands for financial statistics in the future, preferably through the use of rich, record-level data sets. This allows much greater flexibility to evolving requirements for granularity than surveys do, as new breakdowns can be created from different cuts of the same data.
We are looking for data we can compile into our quarterly, annual and ad hoc financial statistics which are published on a non-disclosive basis i.e. do not allow for individuals (people or organisations') to be identified. Our preference is to receive record-level data and we need clear explanations of both the source of the data and any methodology used in the production of the data. The areas we are interested in include:
— Transactions and income from securities (debt securities, equity, investment fund shares / units) and;
Data collected from this tender will be used for the purpose of producing aggregate statistics and for statistical research. The ONS have a defined set of policies on the collection and storage of data, ensuring its use is in a secure environment. Further information on ONS's data policies and security policies can be found on the ONS website.
Flow of funds statistics have a wide range of analytical applications, in addition to assisting with the assessment of financial stability. If suitable data sources are found, other uses for flow of funds could include improving our understanding of:
Institutions that can provide suitable data on financial transactions, stocks and income are invited to take part in the Market Engagement Day, ahead of the formal Invitation to Tender, by attending a briefing.
The event will be held at The Wesley, 81-103 Euston Street, London, NW1 2EZ; Wednesday, 17.8.2016, from 13:00 to 16:00.
If you would like to participate in the event please register via EventBrite. The maximum number of registrations per organisation is 3.
If you require further information about the event, please email your query to: flowoffundsdevelopment@ons.gov.uk quoting ‘Flow of funds market engagement day’ in the subject of the email.
The invitation to engage with ONS is extended to any organisations that may be interested in this opportunity. ONS is eager to hear from a diverse range of providers, including small and medium sized enterprises.