Homes England Charged Bank Account

A Tender Notice
by HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)

Source
Contracts Finder
Type
Framework (Services)
Duration
2 year
Value
___
Sector
BUSINESS
Published
12 Aug 2022
Delivery
01 Jan 2023 to 01 Jan 2025
Deadline
16 Sep 2022 12:00

Concepts

Location

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

As security for our investments placed with borrowing entities, our borrowers are required to secure to us the bank account through which they receive and recycle sales proceeds on their development. The accounts are secured to us through a fixed charge and assignment, most often through a debenture over all company books and assets. The accounts are opened by our borrowers (in their own name) but are to be operated on a joint signatory basis between Homes England and the borrower, in the absence of any enforcement action. A notice of charge and assignment is served by the borrower upon the bank and requires acknowledgement to Homes England and the borrower of the content within - notably signatory requirements and waiver of any right of set-off over the account.

CPV Codes

  • 66000000 - Financial and insurance services
  • 66100000 - Banking and investment services
  • 66110000 - Banking services
  • 66120000 - Investment banking services and related services

Reference

Domains