Custody Bank Services

The Oklahoma government authority is seeking a custody bank to hold all of its domestic and international stocks, government and corporate bonds, and mutual fund shares. The selected financial institution must settle trades, collect income, and process corporate actions based on manager instructions. Additionally, the custodian must keep any idle cash invested in short-term investment vehicles. The scope of work requires the custodian to prepare monthly and annual accounting reports and reconcile these reports with investment managers. The agency requires online access to data, reporting, periodic investment performance reports, and guideline compliance monitoring systems. A representative from the financial institution may also need to attend at least one board meeting annually to present relevant reports. Bidders must be onshore United States organizations to be eligible for this opportunity. The agency expects the selected custodian to perform all work offsite and maintain high standards of communication, accessibility, and professional customer service. The contract period will span one year, and the agency is currently looking for budget proposals. Questions regarding this opportunity must be submitted no later than June 5, 2026. Bidders may submit their final responses digitally via email or through the online portal. The agency will evaluate proposals based on the institution's ability to meet these custody, reporting, and customer service requirements.