Guilford County NC MUNIS #20147

Guilford County Solicits Security Custody Services for Investment Portfolio

Guilford County is seeking a qualified financial institution to provide Security Custody Services for its investment portfolio. - Government Buyer: - Guilford County Purchasing Department, Greene Street Building, Basement-Suite 072, Greensboro, NC - Services Requested: - Security Custody Services for county investment securities - Custody and safekeeping of portfolio securities - Acting on instructions from designated County personnel or investment advisors for asset receipt, transfer, and delivery - Receiving and depositing monies - Holding assets in various forms (physical, book entry, or other) - Maintaining and retaining all records in compliance with generally accepted accounting principles - Providing email notifications of pending maturities, calls, or interest payments - Supplying settlement instructions for brokers - Delivering monthly custody statements and transaction summary reports (paper and online) - Providing online access to account information - Issuing monthly invoices for safekeeping services - Arranging for transfer of securities from the current custodian at no cost to the County - Notable Requirements: - Provider must be a financial institution qualified as a custodian for SEC-registered investment companies (per Section 17 of the Investment Company Act of 1940) - 15% aspirational Minority and Women Business Enterprise (MWBE) participation goal - Compliance with E-Verify and insurance requirements as specified in the RFP - No specific OEMs or vendors are named in the solicitation - Contract Duration: - Initial term of two years, with options for two additional two-year renewals (up to six years total)

Description

Guilford County Purchasing Department is soliciting proposals from qualified firms to provide Security Custody Services for investments. The contract will initially be for two years with options to renew for up to six years total. Services include custody of portfolio securities, acting on instructions from designated personnel, receiving and depositing monies, maintaining records, providing notifications and monthly statements, and arranging transfers from the current custodian. The County encourages minority and women business enterprise participation with an aspirational goal of 15%.

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