European Central Bank goes to tender for new treasury management system
The European Central Bank (ECB) has officially launched a procurement tender for a new treasury management system (TMS).
The ECB’s current TMS platform is Wallstreet Suite, supplied by Wall Street Systems (now part of Ion Trading). The bank has been using it for many years, Banking Technology understands.
According to the ECB, its TMS supports 501 users with an average of 150 concurrent users at present. The licensing model proposed by potential bidders should be based on these, minimum, amounts.
“As all current and future Eurosystem members shall have the option to use the same terms and conditions resulting from the procurement procedure, the potential number of licences could be in excess of 1,500,” states the ECB in the procurement notice.
The award criteria will be split into price (the weighting of 35%) and quality (65%).
The initial contract duration will be eight years, which includes implementation of the new TMS, followed by maintenance, support and development. The contract can be extended two times, each for a maximum duration of four years (up to a maximum of eight years).
The deadline for submitting tenders or requests to participate is 6pm CEST, 28 June 2016.
Meanwhile, central banks of France and Spain – Banque de France and Banco de España – are running late with their implementation of a new TMS, supplied by Calypso.