Global Custody Agreement (depositary services) and fund management agreement

Lønmodtagernes Dyrtidsfond

The object of the tender is to identify and contract with a Global Custodian (depositary bank) and a fund management company for handling LD’s assets. LD is acting on behalf of "Den Professionelle Forening LD", company registration number (CVR) 31081270, a registered professional association of which LD is the only member and in which the main part of LD's portfolio is placed.
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The Global Custodian as well as the fund manager have to fulfil all legal requirements to offer these services in Denmark. The relevant permissions are requested as a part of the prequalification, see section III.1.4, III.2.1 and III.3.1.
With respect to the PLD's day-to-day business and operations it is of utmost importance that the Global Custodian and the fund manager are able to work together and cooperate in an efficient manner and to provide joint services to the PLD. Therefore LD (on behalf of PLD) requires a combined tender of a Global Custodian and a fund manager who have joint experience in the custody and fund management. The Global Custodian and the fund manager are thus required to "pair up" and hand in a combined application (and tender).
Each Global Custodian is free to "pair up" with any fund manager as long as the legal requirements are fulfilled and vice versa. Each Global Custodian is also free to "pair up" with different fund managers and to hand in multiple applications (and tenders) and vice versa. However, LD reserves the right to reduce the number of multiple offers from participating parties to a maximum of three (3) if LD assess the competition otherwise would be effected/reduced. Please see section IV.1.2.
LD will in the tender specification describe the relevant services and requirements, which will include all regulatory services and furthermore some additional services to PLD. Due to the Danish regulation some of the services have to be delivered by the Global Custodian and some of the services have to be delivered by the fund manager. However, some services could be delivered either by the Global Custodian or the fund manager. LD expects that the Global Custodian and the fund manager after being prequalified - with respect of Danish regulation - decide on their own which of the 2 is in a better position to deliver such requested services.
Please also see the documents "prequalification guidelines" and the questionnaire which both can be obtained at LD's website www.ld.dk.

Deadline

Fristen for modtagelse af bud var på 2011-05-31. Indkøbet blev offentliggjort på 2011-04-29.

Leverandører

Følgende leverandører er nævnt i tildelingsbeslutninger eller andre indkøbsdokumenter:

• Nykredit Bank A/S
• Nykredit Portefølje Administration A/S

Hvem?

• Lønmodtagernes Dyrtidsfond

Hvad?

Hvor?

• Hovedstaden › Byen København

Indkøbshistorik

Dato	Dokument
2011-04-29	Udbudsbekendtgørelse
2011-09-09	Supplerende oplysninger
2011-11-11	Bekendtgørelse om indgåede kontrakter

Udbudsbekendtgørelse (2011-04-29)
Objekt
Omfanget af udbuddet
Titel: Bank- og investeringstjenesteydelser
Mængde eller omfang: 7 000 000,0010 000 000,00
Bekendtgørelsens metadata
Originalsprog: engelsk 🗣️
Dokumenttype: Udbudsbekendtgørelse
Kontraktens art: Tjenesteydelser
Forordning: Den Europæiske Union, med deltagelse af GPA-lande
Fælles glossar for offentlige kontrakter (CPV)
Kode: Bank- og investeringstjenesteydelser 📦

Procedure
Procedureform: Begrænset udbud
Bud-type: Indsendelse gældende for alle delaftaler
Kriterier for tildeling
Det økonomisk mest fordelagtige bud

Ordregivende myndighed
Identitet
Land: Danmark 🇩🇰
Type af ordregivende myndighed: Offentligretligt organ
Postadresse: Vendersgade 28, 1. sal
Postnummer: 1363
Postby: København K
Kontakt
Internetadresse: http://www.ld.dk 🌏
E-mail: tender2011@ld.dk 📧
Telefon: +45 33368900 📞
Fax: +45 33368901 📠

Reference
Datoer
Afsendelsesdato: 2011-04-29 📅
Tilbudsfrist: 2011-05-31 📅
Offentliggørelsesdato: 2011-05-03 📅
Identifikatorer
Bekendtgørelsesnummer: 2011/S 85-139614
EUT-S-nummer: 85
Yderligere oplysninger

The participants should pay attention to LD's website mentioned in I.1) as all relevant prequalification documents will be made public on the website. This include this contract notice, a prequalification guideline, the required questionnaire which has to be filled in and returned with the application for prequalification, a draft solemn declaration that can be transferred to the participant's company letterhead, a translated version of the Danish Consolidation Act no 336 of 13.5.1997 on restricting debtors’ options for participating in public procurement procedures and on the amendment of certain other acts, LD's financial report 2010 and other information on LD and also a dynamic document containing all questions and answers ("Q & A’s") that may be raised during the prequalification process. Please pay attention to the date and time - 31.5.2011 at (13:00) CET - mentioned in IV.3.4) and please ensure that all questions in the questionnaire are answered properly and all required documentation is enclosed with the application sent by e-mail. For the sake of completeness LD stresses again that the participants have to "pair up" for prequalification but that all relevant Global Custodians and all relevant fund manager can "pair up" more than one time as long as the legal requirements and the described minimum requirements are fulfilled. LD has not decided on the evaluation model but expects to conduct a combined evaluation. All those interested are encouraged to submit their contact information to the e-mail mentioned above in section I.1) as soon as possible. LD would like to stress that all communication will be by e-mail only.

Objekt
Omfanget af udbuddet
Kort beskrivelse:

The Global Custodian as well as the fund manager have to fulfil all legal requirements to offer these services in Denmark. The relevant permissions are requested as a part of the prequalification, see section III.1.4, III.2.1 and III.3.1.

With respect to the PLD's day-to-day business and operations it is of utmost importance that the Global Custodian and the fund manager are able to work together and cooperate in an efficient manner and to provide joint services to the PLD. Therefore LD (on behalf of PLD) requires a combined tender of a Global Custodian and a fund manager who have joint experience in the custody and fund management. The Global Custodian and the fund manager are thus required to "pair up" and hand in a combined application (and tender).

Each Global Custodian is free to "pair up" with any fund manager as long as the legal requirements are fulfilled and vice versa. Each Global Custodian is also free to "pair up" with different fund managers and to hand in multiple applications (and tenders) and vice versa. However, LD reserves the right to reduce the number of multiple offers from participating parties to a maximum of three (3) if LD assess the competition otherwise would be effected/reduced. Please see section IV.1.2.

LD will in the tender specification describe the relevant services and requirements, which will include all regulatory services and furthermore some additional services to PLD. Due to the Danish regulation some of the services have to be delivered by the Global Custodian and some of the services have to be delivered by the fund manager. However, some services could be delivered either by the Global Custodian or the fund manager. LD expects that the Global Custodian and the fund manager after being prequalified - with respect of Danish regulation - decide on their own which of the 2 is in a better position to deliver such requested services.

Please also see the documents "prequalification guidelines" and the questionnaire which both can be obtained at LD's website www.ld.dk.

Delkontraktnummer: 1
Delkontraktens titel: Global Custody Agreement (depositary services)
Kort beskrivelse:

Please see the indicative description in section II.1.5 and in the questionnaire available at LD’s website www.ld.dk.

Yderligere oplysninger om delkontrakterne:

Please see section III.1.4 and III.3.1 as regards relevant…

… regulation..All relevant Global Custodians are allowed to "pair up" with more fund managers and thus to fill multiple applications for prequalification. Please see section II.1.5 and IV.1.2.

… regulation.

All relevant Global Custodians are allowed to "pair up" with more fund managers and thus to fill multiple applications for prequalification. Please see section II.1.5 and IV.1.2.

Delkontraktnummer: 2
Delkontraktens titel: Fund management agreement
Yderligere oplysninger om delkontrakterne:

Please see section III.1.4 and III.3.1 as regards relevant regulation.All relevant fund managers are allowed to "pair up" with more Global Custodians and thus to fill multiple applications for prequalification. Please see section II.1.5 and IV.1.2.

All relevant fund managers are allowed to "pair up" with more Global Custodians and thus to fill multiple applications for prequalification. Please see section II.1.5 and IV.1.2.

Anslået værdi uden moms: 7 000 000,00 💰
10 000 000,00 💰
Beskrivelse af mulighederne: The awarded contracts can each be renewed 2 x 12 months.
Antal mulige forlængelser: 2
Sted for udførelsen
Hovedsted eller sted for udførelsen: Copenhagen, Denmark.

Juridiske, økonomiske, finansielle og tekniske oplysninger
Betingelser for deltagelse
Egnethed til at udøve det erhverv:

A) A solemn declaration whether the participants have complied with their obligations in respect of payment of contributions to social security schemes and in respect of payment of direct and indirect taxes pursuant to the legislation in the country in which the candidate is established, and in Denmark. The declaration has to be in accordance with the Danish Consolidation Act no 336 of 13 May 1997 on Restricting Debtors’ Options for Participating in Public Procurement Procedures and on the Amendment of Certain other Acts. An English copy of the act and a draft standard declaration can be found at LD’s website mentioned above in section I.1.). The declaration must not be older than three (3) months.

B) Documentation that the participants are not placed in any of the situations set out in Article 45, paragraph 2, a)-c) and e)-f) of Directive 2004/18/EEC.

As for participants domiciled in Denmark, the documentation may be in the form of a service certificate (in Danish "Serviceattest") from the Danish Commerce and Companies Agency ("Erhvervs- og Selskabsstyrelsen”) or other adequate documentation. The documentation must not be older than three (3) months.

Participants domiciled in other countries than Denmark may provide the required documentation in another way from the relevant authorities in the relevant country, cf. Article 45, paragraph 3. For guidance on how participants domiciled in other countries than Denmark may procure such documentation, please refer to the website of the European Commission (http://ec.europe.eu/internal_market/publicprocurement/2004_18/index_en.htm). The documentation must not be older than three (3) months.

C) Documentation for relevant business insurance.

D) All participants must fill in the specific questionnaire regarding the prequalification, which can be downloaded from LD’s website mentioned above in section I.1.). The questionnaire includes questions regarding legal requirements and registrations including descriptions of minimum requirements, which the participants must fulfil. The questionnaire has to be returned together with the application for prequalification.

E) Complete documentation that each of the participants, have all the proper licenses and authorisations to carry out the activities and deliver the services, which the participants, respectively, are required to deliver to the PLD in Denmark under the awarded contracts. Please see section III.3.1) below.

The above information in A), B), C), and D) must be provided for both the Global Custodian and the fund manager and E) for the individual participant respectively.

Teknisk og faglig kompetence:

F) All participants must fill in the specific questionnaire regarding the prequalification, which can be downloaded from LD’s website mentioned above in section I.1.). The questionnaire includes questions on technical capacity and experience as well as minimum requirements. The questionnaire has to be returned together with the application for prequalification.

Mindstekrav til niveauet:

The questionnaire does include minimum requirements on technical capacity in section 4 and 5 of the questionnaire.

Kontraktens udførelse
Krav om deponering og sikkerhedsstillelse: Will be stated in the tender documents.
De vigtigste finansieringsbetingelser og betalingsordninger og/eller henvisning til de relevante bestemmelser, der regulerer dem: Will be stated in the tender documents.
Den juridiske form, som den sammenslutning af økonomiske aktører, der skal have kontrakten, skal have:

There is no requirements as to the legal form. However, LD requires the participants to "pair up" and file a joint application and tender on the combined services. Please see section II.2.5) and IV.1.2).

Andre særlige vilkår:

The tender material will describe minimum requirements as to contractual matters.

Please note that LD is governed by special regulation, including the LD Pensions Act (in Danish: Bekendtgørelse af lov om Lønmodtagernes Dyrtidsfond) - Consolidated Act no. 1156 as of 3.10.2007, as amended - as well as the executive orders issued in accordance herewith.

The PLD is inter alia governed by the Danish Act on Investment Associations, Special-Purpose Associations and other Collective Investment Schemes etc. (in Danish: Bekendtgørelse af lov om investeringsforeninger og specialforeninger samt andre kollektive investeringsordninger m.v.) - Consolidated Act no. 904 as of 5.7.2010, as amended - as well as the executive orders issued in accordance herewith. Please note that on 1.3.2011 a proposal no. 146 for a new Danish Investment Associations Act was presented for a first reading to the Danish Parliament, which was adopted by the Danish Parliament as of 28.4.2011. The new Act will among others implement the EU Directive 2009/65/EC (UCITS IV-directive) and come into force on 1.7.2011. The services delivered to the PLD must meet and comply with the requirements and obligations which the PLD is subject to pursuant to this regulation as well as other relevant legislation.

Furthermore, the awarded contracts will be subject to other relevant Danish financial regulation, including but not limited to the Danish Financial Business Act (in Danish: Bekendtgørelse af lov om finansiel virksomhed) - consolidated Act no. 1125 as of 23.9.2010, as amended - as well as the executive orders issued in accordance herewith.

Translations into English of parts of the Danish financial regulation may be located at the Danish Financial Supervisory Authority's website (www.ftnet.dk), however, please note that certain of the translations do not include all recent amendments.

Udførelsen af tjenesteydelsen er forbeholdt et bestemt erhverv:

Please also see above III.1.4 as regards the relevant legislation.

The participants must as part of their application for prequalification, cf. section III.2.1) above, submit to LD complete documentation that they have all the proper licenses and authorisations to carry out the activities and deliver the services to the PLD in Denmark under the awarded contracts, if the contracts are in fact awarded to the participants.

In LD's assessment this would with respect to the…

… fund manager require documentation that the participant wishing to carry out the fund management services is licensed by the Danish Financial Supervisory Authority as a management company (in Danish: Investeringsforvaltningsselskab) in accordance with Section 10 of the Danish Financial Business Act (in Danish: Bekendtgørelse af lov om finansiel virksomhed) - Consolidated Act no. 1125 as of 23.9.2010, as amended - authorised to carry out the relevant activities listed in Annex 6 of the Danish Financial Business Act for the PLD.

… Global Custodian require documentation that the participant wishing to carry out the custody services - in accordance with Sections 3(1), no. 5 and 110 a(5) of the Danish Act on Investment Associations, Special-Purpose Associations and other Collective Investment Schemes etc. (in Danish: Bekendtgørelse af lov om investeringsforeninger og specialforeninger samt andre kollektive investeringsordninger m.v.) - Consolidated Act no. 904 as of 5.7.2010, as amended - is either (i) licensed by the Danish Financial Supervisory Authority as a bank (in Danish: Pengeinstitut) in accordance with Section 7 of the Danish Financial Business Act (in Danish: Bekendtgørelse af lov om finansiel virksomhed) - Consolidated Act no. 1125 as of 23.9.2010, as amended - authorised to carry out the relevant activities listed in Annex 1 of the Danish Financial Business Act for the PLD, or (ii) licensed by the relevant financial regulator of another European Union (EU) Member State or a country within the European Economic Area (EEA) as a credit institution and is authorised to carry out depositary services in Denmark through a Danish branch in accordance with Section 30 of the Danish Financial Business Act (in Danish: Bekendtgørelse af lov om finansiel virksomhed) - Consolidated Act no. 1125 as of 23 September 2010, as amended - including the relevant activities to be performed for the PLD.

Furthermore, the participants are to note that if the contracts are in fact awarded to a participant, such participant must be approved as a management company or a custodian (depositary), respectively, of the PLD by the Danish Financial Supervisory Authority.

Procedure
Mindste antal ansøgere: 5
Største antal ansøgere: 12
Objektive kriterier for udvælgelse:

LD will on an objective basis make a selection of 5-12 qualified participants in view of the criteria stated under section III.2 of this contract notice and as described in the questionnaire available at LD's website. If a Global Custodian or a Fund Manager 'pair up' with more than one participant (cf. the description in section II.1.5) LD reserves the right to reduce the number of multiple applications for prequalification to a maximum of three (3) for each participant if LD assess the competition otherwise would be effected/reduced.

Sprog
Sprog: engelsk 🗣️

Ordregivende myndighed
Identitet
Navn på ordregivende myndighed: Lønmodtagernes Dyrtidsfond
Udbuddet gennemføres på vegne af andre ordregivende myndigheder ✅
Kontakt
Enhed: CFO Lars Wallberg
Internetadresse: www.ld.dk 🌏

Reference
Datoer
Startdato: 2012-01-01 📅
Slutdato: 2016-12-31 📅
Yderligere oplysninger

Please pay attention to the date and time - 31.5.2011 at (13:00) CET - mentioned in IV.3.4) and please ensure that all questions in the questionnaire are answered properly and all required documentation is enclosed with the application sent by e-mail.

For the sake of completeness LD stresses again that the participants have to "pair up" for prequalification but that all relevant Global Custodians and all relevant fund manager can "pair up" more than one time as long as the legal requirements and the described minimum requirements are fulfilled.

LD has not decided on the evaluation model but expects to conduct a combined evaluation.

All those interested are encouraged to submit their contact information to the e-mail mentioned above in section I.1) as soon as possible. LD would like to stress that all communication will be by e-mail only.

Supplerende oplysninger
Gennemgå organ
Navn: Klagenævnet for Udbud
Postadresse: Kampmannsgade 1
Postby: København V
Postnummer: 1780
Land: Danmark 🇩🇰
E-mail: klfu@eogs.dk 📧
Telefon: +45 33307621 📞
Internetadresse: http://www.klfu.dk 🌏
Fax: +45 33307600 📠
Oplysninger om frister for klageprocedurer:

The deadlines appear from Act no. 492 of 12.5.2010, as amended, on enforcement of the procurement rules etc., Article 7.

Appeals regarding not being prequalified must be lodged no later than 30 days after the day the contracting authority has sent information to the relevant participants on the prequalification decision.

Appeals regarding the award of a contract has to be lodged no later than 6 months after the contracting authority has published a contract notice on the award decision.

The appellant must inform the contracting authority of the appeal in writing simultaneously with the lodge of the appeal to the Public Procurement Board ("Klagenævnet for Udbud") at the latest. The appellant shall also state whether the appeal has been lodged during the standstill period. If the appeal has not been lodged during the standstill period, the appellant shall also state whether it is requested that the appeal is granted suspensory effect.

Tjeneste, hvorfra der kan indhentes oplysninger om klageproceduren
Navn: Konkurrence- og Forbrugerstyrelsen, Center for Jura og Udbud
Postadresse: Nyropsgade 30
E-mail: kfst@kfst.dk 📧
Telefon: +45 72268000 📞
Internetadresse: http://www.ks.dk 🌏
Fax: +45 33326144 📠
Kilde: OJS 2011/S 085-139614 (2011-04-29)

Supplerende oplysninger (2011-09-09)
Objekt
Bekendtgørelsens metadata
Dokumenttype: Supplerende oplysninger

Reference
Datoer
Afsendelsesdato: 2011-09-09 📅
Offentliggørelsesdato: 2011-09-14 📅
Identifikatorer
Bekendtgørelsesnummer: 2011/S 176-287950
Henviser til bekendtgørelse: 2011/S 85-139614
EUT-S-nummer: 176
Kilde: OJS 2011/S 176-287950 (2011-09-09)

Bekendtgørelse om indgåede kontrakter (2011-11-11)
Objekt
Bekendtgørelsens metadata
Dokumenttype: Bekendtgørelse om indgåede kontrakter

Procedure
Procedureform: Udbud med forhandling uden forudgående offentliggørelse
Bud-type: Finder ikke anvendelse

Ordregivende myndighed
Identitet
Postadresse: Dirch Passers Allé 27, 2
Postnummer: 2000
Postby: Frederiksberg

Reference
Datoer
Afsendelsesdato: 2011-11-11 📅
Offentliggørelsesdato: 2011-11-15 📅
Identifikatorer
Bekendtgørelsesnummer: 2011/S 219-356058
EUT-S-nummer: 219
Yderligere oplysninger

As all tenders received in the original restricted procedure were irregular within Article 30(1)(a) and as all original - and only these - tenderers were invited to submit a revised tender based on the exact same tender specifications LD finalized and awarded the contracts in accordance with Article 30(1)(a).

Objekt
Sted for udførelsen
Hovedsted eller sted for udførelsen: Copenhagen.

Procedure
Kriterier for tildeling
Kriterium: 1. Requirement specification (30)
2. Quality of services and processes (30)
3. People (25)
4. Price (15)

Tildeling af kontrakt

1️⃣
Dato for kontraktindgåelse: 2011-10-27 📅
Navn: Nykredit Bank A/S
Postadresse: Kalvebod Brygge 1-3
Postby: Copenhagen
Postnummer: 1780
Land: Danmark 🇩🇰

2️⃣
Navn: Nykredit Portefølje Administration A/S
Postadresse: Otto Mønsteds Plads 9
Postby: Copenhagen V
Oplysninger om udbud
Antal modtagne bud: 3

Ordregivende myndighed
Kontakt
E-mail: kfst@kfst.dk 📧

Supplerende oplysninger
Gennemgå organ
Postby: Copenhagen W
Internetadresse: www.klfu.dk 🌏
Oplysninger om frister for klageprocedurer:

The deadlines appear from Act No. 492 of 12.5.2010, as amended, on enforcement of the procurement rules etc., Article 7.

Appeals regarding the award of a contract has to be lodged no later than 6 months after the Contracting Authority has published a contract notice on the award decision.

Tjeneste, hvorfra der kan indhentes oplysninger om klageproceduren
Navn: Konkurrence- og Forbrugerstyrelsen, Center for Jura og
Postadresse: Carl Jacobsens Vej 35
Postby: Valby
Postnummer: 2500
Telefon: +45 41715000 📞
Internetadresse: www.kfst.dk 🌏
Fax: +45 41715100 📠
Kilde: OJS 2011/S 219-356058 (2011-11-11)

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