Awarded
Provision of Fuel Hedging Financial Services for the Ministry of Defence.
Descriptions
The Ministry of Defence (MOD) Financial Management Policy and Accounting team (FMPA) provides financial management services for the MOD. This includes a Treasury Management service that operates the current Fuel Hedging Financial Services Framework with accredited commercial and investment institutions. The requirement covers bulk aviation (jet fuel), marine diesel and ground fuel and instruments (Swaps) over 3 years (on a rolling quarterly basis) from 2017 to 2020 with an option to extend for a further 1 year until 2021. The Forecast annual requirement of aviation, marine and ground fuel for the MOD is 820 000 000 litres. Under the agreements Swaps will be offered for some 80 % of the MOD forecast demand, on a quarterly basis, layered 3 years forwards.
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CPV Codes
66150000 - Financial markets administration services
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Possible Competitors
1 Possible Competitors
