Banking services

Summary

Leiden University is procuring banking services under a framework agreement with one bank. The services cover payment processing for the university and affiliated foundations, including electronic banking, balance pooling or a zero-balance structure, and interest compensation on university accounts. The bank will also help reduce cash-flow handling costs, optimise payments and receipts, support treasury banking and international payments, and advise on related financial goals and identified operational risks. The agreement is planned for 48 months, with up to four 12-month extensions; the estimated total value is €700,000.