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Provision of Interest Income and the Related Banking Services for Deposits of Government... Tender

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THE TREASURY has floated a tender for Provision of Interest Income and the Related Banking Services for Deposits of Government Revenue. The project location is Hong Kong and the tender is closing on 24 May 2024. The tender notice number is TRY/TAB/BANK/05, while the TOT Ref Number is 99400834. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.

Procurement Summary

Country : Hong Kong

Summary : Provision of Interest Income and the Related Banking Services for Deposits of Government Revenue

Deadline : 24 May 2024

Other Information

Notice Type : Tender

TOT Ref.No.: 99400834

Document Ref. No. : TRY/TAB/BANK/05

Competition : ICB

Financier : Self Financed

Purchaser Ownership : Public

Tender Value : Refer Document

Purchaser's Detail

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Tender Details

Tenders are invited for Provision of Interest Income and the Related Banking Services for Deposits of Government Revenue (for a Period of 60 Months)

Banks which meet the following requirements are invited to tender -

(a) It must be a bank (other than a restricted licence bank or a deposit-taking company) which holds a valid banking licence
granted by the Hong Kong Monetary Authority under Section 16 of Banking Ordinance (Cap. 155); and

(b) It must comply with any one of the requirements set out in (i) to (iii) below -

(i) it is a note-issuing bank of Hong Kong; or

(ii) if it is not a note-issuing bank of Hong Kong and is incorporated in Hong Kong, it must have a minimum total assets
value of HK$35 billion (i) as at its latest financial year end date which must be within eighteen months before 24 May
2024; or (ii) at its incorporation if the tenderer is newly established; or

(iii) if it is not a note-issuing bank of Hong Kong and is incorporated outside Hong Kong, it must maintain its long-term
foreign currency deposit rating at A1 or above as assessed by Moody-s Investors Service, or long-term foreign currency
issuer rating at A+ or above as assessed by S&P Global Ratings, which rating must still be valid as at 24 May 2024; and

(c) It or its sub-contractor, if applicable, must hold a valid Type II Security Company Licence issued under the Security and
Guarding Services Ordinance (Cap. 460) for providing Deposit Pick-ups and Cash Transportation Services as specified in the
tender documents. Such licence must be valid as at 24 May 2024.