Custody Bank Services

The Oklahoma government authority is seeking a United States-based financial institution to provide comprehensive custody bank services for a one-year contract period. The selected custodian must hold all domestic and international stocks, government and corporate bonds, mutual fund shares, and other securities owned by the authority. The agency requires the provider to settle trades, collect income, and process corporate actions based on manager instructions, while keeping any remaining cash invested in short-term vehicles. The scope of work includes preparing monthly and annual accounting reports and reconciling these reports with the authority's managers. The custodian must provide online access to data, reporting, periodic investment performance reports, and guideline compliance monitoring systems. Additionally, a representative from the financial institution may need to attend at least one board meeting annually to present required reports and information. The authority demands high standards of communication, accessibility, accountability, and responsive, accurate, professional customer service. Bidders must be United States organizations, and the selected vendor will perform all work offsite. The agency is looking for budget proposals, and bidders must submit all questions no later than June 5, 2026. Bidders may submit their responses digitally via email or online.