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    ENQEIR977 - FASS Credit Management Services

    EirGrid plc

    ENQEIR977 - FASS Credit Management Services

    1. Competition notice published

      Mar 10, 3:37 PMMarch 10, 2026 3:37 PM

    2. Questions deadline

      Mar 25, 12:30 PMMarch 25, 2026 12:30 PM

    3. Qualification deadline

      Apr 10, 12:30 PMApril 10, 2026 12:30 PM

    Brief

    Ireland: Tenders/EirGrid plc/ENQEIR977 - FASS Credit Management Services

    Published deadline passed

    The published deadline has passed. For multi-stage competitions a later tender deadline may still apply — check the notice or portal for the current phase.

    Brief

    Programvareprodukter og lisenser

    EirGrid plc needs credit management services for a framework agreement over 8 years, with a maximum total value of 1,071,453 EUR. The services include credit management for DASSA (Day Ahead System Services Auction) secondary trading and the management of a fixed amount of collateral for providers to cover other aspects of the FASS markets, such as performance-related payments and resettlement. The supplier will assume and manage the credit risk to the TSOs, including the implementation of automated system-to-system interfaces.

    About the bid

      The TSOs are developing competitive market arrangements for system services under the FASS Programme (Future Arrangements for System Services). The TSOs require that all markets under FASS are fully collateralised. To accomplish this the TSOs require credit management services to be provided by a third party, who will assume and manage the credit risk to the TSOs, including the implementation of automated system-to-system interfaces to enable this service. (1) The primary service required by the TSOs is credit management for DASSA (Day Ahead System Services Auction) secondary trading. (2) A secondary element of the service is the management of a fixed amount of collateral for providers to cover other aspects of the FASS markets including but not limited to any performance related payments due to the TSOs (e.g. DASSA compensation payments) and resettlement. Full information relating to our requirement can be found in the accompanying procurement documents 'FASS PQQ and Information Memorandum'. Please note that the value of this tender reflects the amount expected to be paid by EirGrid and SONI for this implementation and maintenance of this service. The TSOs expect that the operational costs for providing this service will be recovered from market participants, reflecting the cost to the tenderer to manage market participants’ credit cover. As such, the value of the tender reflects only the portion of the total value payable by EirGrid and SONI to the tenderer.

      Contact phone
      +353 85 870 4999
      Contact email
      tenders@eirgrid.com
      Address
      160 Shelbourne Road, Ballsbridge, Dublin 4 Dublin

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    Award Criteria

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    Qualification requirements

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    See the full notice

    Contracting authority
    EirGrid plc
    Title
    ENQEIR977 - FASS Credit Management Services
    Type
    CompetitionFramework agreementPrequalification
    Main code
    66172000Financial transaction processing and clearing-house services
    Supplemental codes
    48100000Industry specific software package48217000Transaction-processing software package48441000Financial analysis software package48442000Financial systems software package48812000Financial information systems66110000Banking services66113000Credit granting services66130000Brokerage and related securities and commodities services66131000Security brokerage services66132000Commodity brokerage services66133000Processing and clearing services66151000Financial market operational services66152000Financial market regulatory services66170000Financial consultancy, financial transaction processing and clearing-house services72232000Development of transaction processing and custom software
    Location
    Dublin
    Estimated value
    €1,071,453.00
    Duration
    8 years

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