What the buyer needs
AI summaryThe buyer seeks a vendor to provide custody services for a government authority located in Las Vegas, Nevada. The required scope includes asset safekeeping and trade settlement, asset servicing and cash management, portfolio accounting under GAAP and GASB standards, secure online account access, monthly reporting, audit support, and coordination with the county's external investment manager. Only onshore USA organizations are eligible to bid, and the work will be performed offsite. Prospective bidders must attend a pre-bid meeting on December 1, 2026, and submit all questions no later than December 4, 2026.
Scope of work
- Asset safekeeping and trade settlement on a delivery-versus-payment basis
- Asset servicing and cash management including income processing and automated cash sweeps
- Portfolio accounting and record retention compliant with GAAP and GASB
- Investment performance measurement, benchmark comparison, and attribution reporting
- Secure online reporting and account access platform
- Monthly statements, transaction reporting, and internal/external audit support
- Coordination with the county external investment manager
- Wire transfer services with fraud prevention and security controls
Minimum qualifications
- Depository memberships and services
- Capability to accommodate SEC Rule 144A securities
- Provide NRS-compliant money market funds and eligible short-term investment vehicles
Documents to include with your response
- Attachment B: Technical Approach and Scope of Services response
- 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