What the buyer needs
AI summaryThe County seeks proposals from onshore United States organizations to deliver comprehensive custody, safekeeping, and settlement services for its investment portfolio. The contractor must support investment operations through trade settlement, corporate action processing, income collection, portfolio accounting, cash sweep management, wire transfer services, and online reporting. Work will be performed onsite or offsite over a one-year contract term. Respondents must provide detailed technical proposals addressing depository memberships, accounting compliance, performance measurement, audit coordination, and dedicated account structures for designated portfolios. All questions must be submitted no later than December 4, 2026, and failure to answer all requested questions may adversely affect proposal evaluations.
Scope of work
- Asset safekeeping and settlement services including delivery-versus-payment procedures
- Asset servicing, income collection, and cash management
- Portfolio accounting and record retention compliant with GAAP and GASB
- Performance measurement, benchmark comparisons, and attribution reporting
- Online custody platform access and customizable reporting
- Monthly statements, transaction reports, and audit support
- Coordination with external investment managers and trade matching
- Automated cash sweep program and wire transfer services
Documents to include with your response
- Attachment B: Technical Approach and Scope of Services
- Appendix A – Customer Service Evaluation Results
- Appendix B – Sample Monthly Statements / Reports
- Appendix D – Short-Term Investment Vehicles and Cash Sweep Options
- Appendix F – Sample Performance Reports
- Appendix G – Fixed Income Benchmark Indices and Performance Methodology