Source: https://tendernation.io/opportunities/01a13bd8-8d47-70b5-9eed-b52eb30c7999/enqeir997-fass-credit-management-services closed GB restricted procedure Suitable for SMEs # ENQEIR997 FASS Credit Management Services [SONI Ltd](https://tendernation.io/buyers/soni-ltd) Estimated value €1,071,453 Published 16 Mar 2026 Deadline Rolling deadline ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Sets up a framework Winning a place does not guarantee work: contracts are awarded later as call-offs, and the list usually stays closed for years. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender This notice does not commence a competitive tendering process. For the detailed requirements and relevant documentation, please see the Call for Competition, published on [etenders.gov.ie](https://www.etenders.gov.ie/epps/cft/listContractDocuments.do?resourceId=7694501). Description: 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. Read full description ## CPV classification Financial consultancy, financial transaction processing and clearing-house services Financial market regulatory services Transaction-processing software package Processing and clearing services Development of transaction processing and custom software Commodity brokerage services Security brokerage services Brokerage and related securities and commodities services Financial analysis software package Industry specific software package Source Find a Tender (UK) · Notice ocds-h6vhtk-066a99-2026-03-16T09:55:51Z [View official notice](https://www.find-tender.service.gov.uk/Notice/ocds-h6vhtk-066a99-2026-03-16T09:55:51Z) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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