The Objective of this Procurement Procedure is the conclusion of Framework Contracts with (maximum) two SEPA (Single Euro Payments Area) compliant banks where accounts in EUR will be opened for the execution of payments and management of peaks of treasury.

Payments instructed by the Contracting Authorities will be mainly in EUR and directed to beneficiaries holding a SEPA compliant account within the European Union. A small proportion of the payments will be in other currencies and to beneficiaries outside the EU and/or holding a non-SEPA compliant account.

Occasionally the selected banks will also be expected to process other transactions if specifically requested by the Contracting Authorities (e.g. SWIFT messages for guarantees, short-term deposits, foreign exchange transactions, etc.).

Contracting Authorities may open one or more accounts under the Contracts signed with the selected banks.