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Sukuk Syndication Banking Services

QUESTIONNAIRE

1.

INTRODUCTION

1.1

This questionnaire sets out the questions that will be evaluated as part of this
Procurement.

1.2

The following information has been provided in relation to each question (where
applicable):
1.2.1

Weighting highlights the relative importance of the section

1.2.2

Guidance sets out information for the Potential Provider to consider when
preparing a response

2.

DOCUMENT COMPLETION

2.1

You must provide a response to every question. Please provide your response via email
by 5pm London time on 29 May 2014 to SukukProject@HMTreasury.gsi.gov.uk. All
responses must be provided as either Word or PDF documents, no less than size 11
font, and your entire response should not be more than 20 (twenty) A4 pages in
length.

2.2

You must not submit any additional information with your Tender other than that
specifically requested in this document the Service Description.

3.

RESPONSE GUIDANCE AND QUESTIONS

COMPANY DETAILS

1.1

Please state your full company/firm name.

1.2

Please state your registered office address.

1.3

Please state your company or charity registration number.

1.4

Please state the name of your immediate parent company (if any).

TENDER CONTACT

2.1

Please state the contacts name.

2.2

Please state the contacts address, postcode and country.

2.3

Please state the contacts telephone number.

2.4

Please state the contacts mobile number.

2.5

Please state the contacts e-mail address.

Information

Information

Sukuk Syndication Banking Services


3

FULLY ISLAMIC / SHARIAA COMPLIANT

Information

Please Note: The following question is for information only. Any submitted response will not affect the
outcome of the selection onto the Panel (Stage 1), but may be taken into account in deciding the team of
Syndicate Banks in Stage 2.
Please state whether or not your bank is fully Islamic / Shariaa compliant.

3.1
4

SHARIAA BOARD REVIEW

Information

Please Note: The following question is for information only. Any submitted response will not affect the
outcome of the selection onto the Panel (Stage 1), but may be taken into account in deciding the team of
Syndicate Banks in Stage 2.
Please set out the process by which you would seek any required approvals from your Shariaa
board in reviewing the Sukuk structure that is being put in place, and the length of time that
this process would typically be expected to take.

4.1

CONFLICTS OF INTEREST

Information

Please Note: The following question is for information only. Any submitted responses will not affect the
outcome or preclude you from inclusion within the tender process.

5.1

Please identify whether there are any potential, actual or perceived conflicts of interest in
respect of this mandate and, if so, please outline what safeguards would be put in place to
mitigate the risk of actual or perceived conflicts arising during the delivery of these
services.
MANDATORY REQUIREMENTS

Pass/Fail
3

6.1

Do you agree, jointly with other lead managers, to underwrite (i.e. subscribe fully for) the
transaction, should that be required?
The Authority requires the Contractor to satisfy the following criteria
Experience

6.2

1 Experience of acting as sole lead, joint lead or co-lead manager in


sovereign Sukuk syndications
2 Experience of marketing sovereign Sukuk transactions
3 Experience of actively bringing additional investors into sovereign
Sukuk syndications
4 Access to a highly respected Shariaa supervisory board from which
necessary opinions can be sought (please set out the members of such
board in your response)

Yes/No

Sukuk Syndication Banking Services

7 EXPERIENCE, SERVICE DELIVERY & APPROACH

Weighting 100%

Guidance:

You should clearly label the response against each of the questions within the attachment which should be
submitted in Word or PDF format.

The Maximum score available for this questionnaire is 50.

Questions

Maxim
um
Score

Please list your banks specific experience in the issuance of sovereign Sukuk in the last 5 years. Please
list the individual transactions, clearly indicating:
Sovereign

Local or Foreign Currency

7.1

Sukuk Structure
Date
Amount ($USD)
Maturity (years)
Debut Issue? (Y/N)
Specific Responsibilities

How do you see London developing as a global centre for Islamic Finance over the medium and long
7.2 term beyond the debut issue of UK sovereign Sukuk, and how do you see your bank supporting this?

10

Describe specific marketing activities that you would carry out in this Sukuk transaction as joint lead
7.3 manager to showcase London as a global centre for Islamic Finance and generate investor demand for
the Sukuk issuance? What would distinguish your bank from others in this regard?

Please list those institutions with which you have an active relationship (e.g. to which you have
distributed sovereign Sukuk in the last 12 months), and which you would market this product to, setting
7.4 out why you would target those particular institutions. Please identify any areas of specialism, including
by region.

10

How would you uniquely add value in accessing potential investors in the transaction, over and above
7.5 other potential syndicate banks, including within your geographical region of specialism (if applicable)?

10

(a) How would you work effectively as part of the syndicate with other banks to ensure smooth,
efficient and timely execution on the day(s) of the transaction?

10

(b) Specific to the Authority and its objectives for the transaction, what three factors do you consider to
7.6 be most important for your pricing and allocation advice, and why?
(c) How would you support the issue in the aftermarket? What commitment would you make in being
available as a pricing source?