TradeRisks Limited and Warrington Borough Council Announce Launch of The Gateway

TradeRisks Limited and Warrington Borough Council have today announced the launch of the Public Sector Investment Gateway (the Gateway) for the delivery of financial services to UK Local Authorities and other government regulated entities that includes a peer-to-peer lending and investment platform

The Gateway is operated by Public Sector Investment Gateway Limited, authorised and regulated by the FCA and provides the following services:

  • An online funding and investment platform to create a liquid market for lending and investing between local authorities and other government regulated entities in the United Kingdom. The platform is easily accessible and uses standardised documentation making it very easy to view funding and investment opportunities and execute online. The platform allows users to enter into investment and funding transactions directly with other public sector entities without the need to intermediate through banks or brokers

  • Advice on treasury management and accounting, market date intelligence, and access to a state-of-the-art Treasury Management Systems that provides all necessary market valuations, risk management, performance measurements and accounting tests

  • Advice on all aspects of both public and private capital markets funding, including best execution governance

  • Structuring and placement of public bonds through private auctions

  • Arranging safe custody

The Gateway, launched at today’s CIPFA Treasury Management Network Annual Conference, expects 2-3 other Local Authorities, chosen to be geographically spread across the UK, to join as partners in the next few months.

Dr Alex Pilato, Chairman & Chief Executive of TradeRisks, said: "This joint venture highlights our commitment to service the needs of public sector bodies at a time of unprecedented change.”

Lynton Green, Director of Finance and Information Services at Warrington Borough Council, said

“This initiative enables us to share our expertise in treasury management and accounting and first-hand experience in accessing the capital markets in a way that benefits all local authorities and makes efficient use of Warrington’s expert resources on behalf of our tax payers.”

The Gateway can be accessed at www.publicsectorgateway.co.uk

For further information please contact

Lynton Green     +44 (0) 1925 443925        lgreen@warrington.gov.uk

Danny Mather    +44 (0) 1925 442344       dzmather@warrington.gov.uk

Bryony Harrap   +44 (0) 20 7382 0911      bryonyharrap@traderisks.com

Ben Fry                +44(0) 20 7382 0918      BenjaminFry@traderisks.com

Sid Saldanha