Government Contract | Florida
Banking for Foreign Currency

Bid Information

Bid Alert No: 00000502560

Bid Title: Banking for Foreign Currency

Agency Bid No. Title: 15-04

Received Date: 03/09/2016

Close Date: 04/05/2016

Purchase Type: Not Stated

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By 03/16/2016 05:00 PM


Specifications include, but are not limited to:State Requirements Bidding agency acknowledges that Department is a governmental state Agency and that Department is bound by state laws, rules and policies, which must be followed by Vendor when providing such services. These laws, rules and policies include Chapter 601, F.S. (Florida Citrus Code), Chapter 287, F.S. (Procurement), Chapter 119, F.S. (Public Records) and Chapter 20, F.A.C. (Department Rules and Regulations) and FDOC Purchasing, Fiscal and Travel Policies. The State of Florida, through the Department of Management Services, has instituted MyFloridaMarketPlace, a statewide eProcurement system. Pursuant to Section 287.057(23), F.S., (2002), all payments shall be assessed a Transaction Fee, which the Vendor shall pay to the State; refer to section III.2.H. of RFP.B. Scope of Work Vendor will provide analyses of FDOC foreign currency requirements and provide guidance, within the terms of business set forth by the vendor, for optimizing foreign currency purchase while maintaining tolerable risk levels through purchase of forward contracts and spot contracts in order to provide stable projections of exchange rates for the year. Vendor will buy and sell forward windows contracts on behalf of FDOC, for the purchase of foreign currency based on projections provided by FDOC. Vendor will wire payments during the window to international vendors as directed by FDOC. When a window expires, remaining obligation may be purchased and transferred to a multi-currency account. Once funds have been deposited into a multi-currency account, payments to vendors may be disbursed from the account or from the new forward window at the discretion of FDOC. C. Services and Deliverables 1) Foreign Currency Management a. Purchase forward windows contractsb. Purchase Spot contracts as requiredc. Purchase remaining currency on expired windows to transfer to MCA or extend window forward, or sell forward contractd. Monitor exchange rates and provide input for FDOCs use in making decisions outlined in (c) above

Bid Related Documents

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Bid Related Attachments

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Product Code: 94625

Agency Information

Issuing Agency: State of Florida - Department of Citrus

State: Florida

Agency Type: State and Local

Contact: Dianne Screws, Purchasing 605 E. Main Street, P.O. Box 9010, Bartow, Florida, 33831

Phone: 863-537-3984

Fax: 877-352-2487




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