Source: https://ted.europa.eu/TED/notice/udl?uri=TED:NOTICE:555536-2018:TEXT:EN:HTML&src=0
Timestamp: 2020-08-04 09:11:46
Document Index: 183663556

Matched Legal Cases: ['§ 144', '§ 144', '§ 148', '§ 135', '§ 137', '§ 138', '§ 159', '§ 144', '§ 159', '§ 185']

Services - 555536-2018 - TED Tenders Electronic Daily
Services - 555536-2018
Denmark-Hillerød: Banking and investment services
2018/S 243-555536
Official name: ATP
National registration number: 43405810
Postal address: Kongens Vænge 8
Contact person: Lykke Foldager Ove
E-mail: lyf@atp.dk
Main address: https://permalink.mercell.com/96687069.aspx
Address of the buyer profile: http://atp.dk/
The procurement documents are available for unrestricted and full direct access, free of charge, at: https://permalink.mercell.com/96687069.aspx
Tenders or requests to participate must be submitted electronically via: https://permalink.mercell.com/96687069.aspx
Global Custody Agreement to ATP Dec. 2018
66162000 Custody services
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 compromise 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) Credit Facility to ATP of the equivalent amount of DKK 1bn. 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.
We expect 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 we expect the global custodian to be willing to set new standards and support ATP's goals.
Contract renewal is possible up to 24 months with a minimum of 12 months per renewal.
Candidates must provide information about the most relevant references for comparable services within the last 3 years, cf. the description in the Contract Notice, points II.1.4) and II.2.4).
The limitation of candidates will be based on an evaluation of which candidates have documented the most relevant previous deliveries in comparison to the contract described in Section II.1.4) and Section II.2.4) above.
ATP will in the evaluation place particular emphasis on the extent to which candidates have experience in performing equivalent services as described in Section II 2.4) Global custody/safekeeping services point a to e.
The evaluation will be based on the list submitted by the candidates in the European Single Procurement Document (ESPD) according to Section III.1.3).
The following three options is included:
— collateral management services related to the daily administration of mainly ATP's OTC derivatives (bilateral and cleared),
— credit facility to ATP of the equivalent amount of 1 000 000 000 DKK,
— a third-party margin account agreement between the custodian bank, ATP and one of ATP's counterparties.
The contract is not divided into lots on the grounds that a division of the contract would entail increased operational complexity and disproportionate costs due to subsequent operating costs. Regarding Section II.2.9): Please note, that each candidate may only submit one request for participation.
The candidate must apply the European Single Procurement Document (ESPD) in Mercell and provide the following information in the ESPD:
(A) The candidates rating for “long-term unsecured, unsubordinated debt obligation” for at least 2 of the following:
(i) S&P;
(ii) Moody's and/or
(B) The candidates:
(i) Tier 1 capital ratio;
(ii) Leverage ratio (Tier 1 Capital/Total exposure); and
(iii) Liquidity coverage ratio.
Upon request from ATP, the tenderer must submit the following documentation:
The latest published either annual report, half year- or quarterly interim reports.
If the tenderer relies on the economic and financial standing of another entity or entities (e.g. a parent or sister company or a sub-supplier), the documentation must equally be provided for each entity or entities.
Be advised that ATP at any time during the procurement procedure can request that the candidate/tenderer presents the abovementioned documentation if this is deemed necessary to secure that the procurement procedure is conducted correctly. In this situation, ATP will set an appropriate time limit for the submission of the documentation.
Please note that a candidate may rely on the economic and financial standing of other entities (e.g. a parent or sister company or a sub supplier), irrespective of the legal nature of the relations between the candidate and the entity or entities on which the candidate relies. In this case, the candidate shall provide an undertaking of support or other documentation, to prove that the candidate has access to the necessary economic and financial capacity and that the entity referred to has a legal obligation to the candidate, cf. § 144 (2) of the Public Procurement Act. A template of the undertaking of support is available at Mercell, attached to the instructions to tenderers. The candidate shall ensure that an ESPD from the entity or entities on which the candidate relies is submitted along with the candidates own ESPD in Mercell. The entity or entities' ESPD must equally provide the information listed above.
When groups of entities (e.g. consortiums), including temporary joint ventures, participate in the tender procedure together, the documentation must be provided for each of the participating entities.
The candidate shall — for the latest published either annual reports, half year or quarterly interim reports — fulfill at least two of the following rating requirements for “long-term unsecured, unsubordinated debt obligation”: (A-i) BBB+ (S&P), (A-ii) Baa1 (Moody's) and (A-iii) BBB+ (Fitch).
The candidate shall — for the latest published either annual reports, half year or quarterly interim reports — also fulfill the following requirements:
(B-i) Tier 1 capital ratio >=12%
(B-ii) Leverage ratio (Tier 1 Capital/Total exposure) >=3.5 %
(B-iii) Liquidity coverage ratio >=100%
All 3 capital requirements shall be calculated in accordance with applicable Basel III definitions.
References: A list of the most important similar references, cf. Section II.1.4) and II.2.4), cf, Section II.2.9, carried out within the past three (3) years, prior to the deadline for the request to participate.
The references should preferably be listed in the ESPD the following way:
A) Name and industry of the recipients stated in the reference (preferably inserted in "Recipients" — for each of the references).
B) Information on the date of commencement of the reference (preferably inserted in "Start date" — for each of the references).
C) Information on the date of completion of the reference — if relevant (preferably inserted in "End date" — for each of the references).
D) Include a short description of the services delivered. The description should include a clear indication of which specific parts of the references that are similar to the services as described in Section II.1.4) and II.2.4) (preferably inserted in "Description"). "Amount" in the ESPD does not need to be completed.
Only the services (references) performed at the time of the deadline for the request to participate will be considered when assessing which candidate has documented the most relevant previous services. If the reference in question is ongoing, it is only the part of the services carried out within the past three (3) years prior to the time of the deadline for the request to participate which will be included in the assessment of the reference. Therefore, it is important that the candidate clearly states which part of an ongoing reference that has been carried out within the past three (3) years.
Candidates must provide a maximum of three (3) references (up to 5 000 characters without space per reference.).
If the list contains more than three (3) references, or if a reference contains more
Than 5 000 characters (without space), ATP will only consider the first three (3) references, respectively, the first 5 000 characters in each reference.
The candidate will not be required to present further documentation for the technical and professional capacity, cf. section II.2.9) and III.1.3). However, ATP reserves the right to contact the candidate and/or the recipients stated in the references in order to verify the information in the references, including the specified dates of the reference.
If a candidate relies on the technical and professional capacity of other entities (e.g. a parent or sister company or a sub supplier), the candidate shall provide an undertaking of support or other documentation, to prove that the candidate has access to the necessary technical and professional capacity and that the entity referred to has a legal obligation to the candidate, cf. § 144 (2) of the Public Procurement Act. A template of the undertaking of support is available at Mercell, attached to the Instructions to tenderers. The candidate shall ensure that an ESPD from the entity or entities on which the candidate relies is submitted along with the candidates own ESPD in Mercell.
The candidate must be registered under the terms of the Danish Financial Business Act or equivalent law of European Economic Area (EEA) member state and be regulated by Finanstilsynet (the Danish Financial Services Authority) or a European Economic Member State equivalent body. The candidate must be able to fulfill Danish requirements for carrying on business as a firm which is authorized to or may be authorized to undertake safekeeping and administration of securities and other services on behalf of a third party, cf. Consolidation Act No. 1140 of 26.9.2017 as amended (Financial Business Act) or equivalent law of European Economic Area (EEA) member state using the passporting rules and single license concept.
Reference is made to the draft Global Custody Agreement and the introduction to the agreement made available at the site stated in Section I.3. The tenderer is allowed to make reservations with respect to the provisions in the agreement. Such reservations will form part of the evaluation. However, the following provisions in the agreement are mandatory requirements with respect to which the tenderer may not make reservations: Clause 9.3, Para. 1-3, including litra a)-c) and Para. 5 — 6, excluded Section ii) in Para. 6; Clause 10; Clause 15.1 and Clause 26. The draft Global Custody Agreement is available both in Danish and English. The Danish version of the agreement will be the legally binding version. The tender may be prepared in English, but the agreement must be in Danish. lf the agreement in the tender is not in Danish, ATP will be entitled to reject the tender in its entirety. Annexes to the agreement and other tender documents should be in English.
The use of the electronic procurement system (Mercell) is a precondition for participation in the procurement procedure, cf. Section I.3). If the same document in the request to participate is uploaded in more versions, it will only be the last uploaded version that will be considered. All communication with ATP must take place via Mercell, including questions and answers.
The candidate shall apply the ESPD available at Mercell as preliminary evidence for the grounds stipulated in § 148 (1), number 1-3 of the Public Procurement Act. It is a preliminary evidence for: 1) The candidate is not subject to the grounds of exclusion, cf. below; and
2) That the candidate fulfils the minimum requirements for suitability (if any) fixed in Section III.1.2) and III.1.3).
ATP shall exclude a candidate from participation in the procurement procedure, if the candidate is subject to one of the mandatory grounds for exclusion in §§ 135 and 136 of the Public Procurement Act. Furthermore, ATP will exclude a candidate from participation in the procurement procedure, if the candidate is subject to one of the facultative grounds for exclusion in § 137 (1) number 1, 2, 3, 4, 5, 6 or 7, unless the candidate has presented sufficient documentation that it is reliable in accordance to § 138 of the Public Procurement Act.
Prior to ATP's decision on award of the contract, the tenderer to whom ATP intends to award the contract shall present documentation for the information stated in the ESPD, cf. § 159 (2) of the Public Procurement Act. If the candidate relies on the capacity of other entities, cf. Section III.1.2) and III.1.3) the candidate shall provide undertakings of support or other documentation proving that the candidate has access to the necessary economic and financial standing and/or technical and professional capacity and that the entity referred to has a legal obligation to the candidate, cf. § 144 (2) of the Public Procurement Act. A template of the statement is available at Mercell, attached to the Instructions to tenderers. The candidate shall ensure that an ESPD from the entity or entities on which the candidate relies (if any) is submitted along with the candidates own ESPD in Mercell.
ATP demands that the candidate and each of the legal entities whose economic and financial capacities the tenderer relies on undertake joint and several liability for the performance of the contract.
ATP reserves the right to apply the procedure in § 159 (5) of the Public Procurement Act, if requests to participate does not meet the formal requirements of the tender documents.
Pursuant to Section 3 of the Danish Consolidation Act No. 593 of 2.6.2016 on the Complaints Board for Public Procurement (available at www.retsinformation.dk), the following time-limits for filing a complaint apply:
4) 20 calendar days starting the day after the Contracting Authority has published a notice concerning his decision to uphold the contract, cf. the principle in § 185(2) of the Public Procurement Act (act No. 1564 of 15.12.2015 - available at www.retsinformation.dk).
The Complaints Board for Public Procurement's own guidance note concerning complaints is available at the internet address stated in Section VI.4.1).