The Secretariat of the Green Climate Fund is hereby seeking 2 reputable Banks (hereafter referred to as the ‘Banks’) to provide banking services detailed in the requirements section of this RfP. Banks are therefore invited to submit proposals as per instructions in this RFP.

The selected banks (2) must be Investment Grade or better and shall provide services as specified in the RFP in the most cost effective way which satisfies the Fund’s requirements, ensuring adequate and timely provision of services.

The products and services required by the Fund shall basically include, but not be limited to, the following:

• Processing of payments to GCF suppliers including overseas payments
• Payroll payment including multicurrency payments
• Distribution of Daily Subsistence Allowance (DSA), in cash, to various visitors sponsored by the Fund
• Corporate Credit card services
• Electronic banking
• Multi-currency bank accounts
• Loans program for GCF staff
• Deposit insurance protection

Proposals must be submitted to the Secretariat no later than Friday 16 September 2016 at 17:00 (Korea Standard Time).