Awarded
Provision of Fuel Hedging Services.
Descriptions
Financial markets administration services. 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 which operates current competitive framework arrangements with accredited commercial and investment institutions to deliver a fuel hedging service. The existing framework arrangements are due to expire on 31.7.2013 and the MOD seeks to have new fuel hedging arrangements in place for 3 years with effect from 1.8.2013. The service will cover bulk aviation (jet fuel), marine diesel and ground fuel and will provide instruments (swaps) over three years (on a rolling quarterly basis) from 2014/15-2016/17. Annual expenditure on aviation, marine diesel and ground fuel is forecast at over GBP 600m. Under the arrangement(s) swaps will be offered for some 80 % of the MOD forecast demand, on a quarterly basis, layered over 3 years.
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CPV Codes
66150000 - Financial markets administration services
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Possible Competitors
1 Possible Competitors
