Award
Guilford County NC MUNIS #20162
Security Custody Services
Recipient
Fifth Third Bank National Association
Award Amount
$23,330.00
Ceiling
$23,330.00
Awarded
December 07, 2023
Identifier
20162
The Guilford County Purchasing Department in Greensboro, North Carolina, awarded a contract for Security Custody Services to Fifth Third Bank National Association, with an obligated amount of $23,330. The contract involves providing custody services for the county’s investment portfolio, including asset receipt, transfer, delivery, record keeping, notifications, monthly statements, online access, invoicing, and transfer of securities from the current custodian. The initial contract period is two years with options to renew for up to four additional two-year periods, totaling up to six years. The services include compliance with SEC regulations, North Carolina laws, and MWBE participation goals of 15%. The contract also requires the provider to meet insurance and bonding requirements, and to submit various affidavits and certifications. The award was finalized on December 7, 2023, and the total awarded amount is $23,330.
Description
Contract for Security Custody Services awarded to Fifth Third Bank National Association.