Custody and Safekeeping Services

The government authority located in Illinois seeks a USA-based vendor to provide offsite custody and safekeeping services. The buyer requires the selected vendor to open a demand deposit account for each custody account in the Treasurer's name. The vendor must execute purchases, sales, and accept deliveries of securities, including State and Local Government Securities as directed by the Treasurer, and corporate and municipal securities as directed by the Treasurer or External Investment Managers. The vendor must hold the property, credit the appropriate custody and safekeeping accounts on payment dates with proceeds from sales, maturities, principal, interest, and other payments, and handle incoming and outgoing wire transfers. The buyer hosts an optional respondent conference on October 6, 2026, and requires all questions by October 13, 2026. The buyer requests proposals for the budget and provides no specific evaluation criteria.