Provision of financial services

Summary

The tender concerns the placement of Benahavís municipal temporary cash surpluses in high-yield financial accounts. Up to six credit institutions will open accounts holding a total of up to EUR 120 million. The maximum amounts allocated to the six highest-ranked offers are EUR 53 million, EUR 27 million, EUR 18 million, EUR 12 million, EUR 6 million and EUR 4 million, respectively. The offer must cover the entire contract, which is not divided into lots. The contract runs for 12 months from account opening, cannot be extended, and the account must be opened within 10 calendar days of contract formalisation. The new interest terms are scheduled to take effect on 1 January 2027. Bidders must offer a single variable interest rate, stated to two decimal places as a basis-point differential to three-month Euribor. Account yield is the main award criterion, worth up to 80 points; up to 20 points are available for a short-term credit rating issued in 2026. Contracts will be awarded to the six financial institutions with the highest overall scores. Bidders must be registered in the Bank of Spain’s Register of Credit Institutions; this procedure waives separate evidence of economic, financial, technical and professional capacity. Funds in the account must be immediately available at all times and placed so that the principal initially deposited is not at risk. The account must be cancellable at any time without fees or penalties, with interest payable even if funds are withdrawn partially or in full before maturity. No administration, maintenance, transfer or other account-related charges are permitted. Interest is settled quarterly or when the account is closed, from the first cent; calculations are based on the daily account balance and a 365-day year. The account is for the municipality’s internal treasury movements and interest credits only, not for ordinary payments or receipts. Bids must be submitted electronically with the required declarations, registration evidence and offer forms.