Government Contract | Alabama
Custody Services

Bid Information

Bid Alert No: 00000529443

Bid Title: Custody Services

Agency Bid No. Title: B0007643

Received Date: 04/04/2016

Close Date: 05/04/2016

Purchase Type: Not Stated

Delivery Point:

Delivery Date: Not Stated


Specifications include, but are not limited to:The selected vendor shall provide all investment custodial services necessary to dischargethe Universitys investment program. The services being requested are as follows: Segregate all securities and cash from the assets of others. The custodian shall haveonly the bare custody thereof and securities shall be and remain the sole property ofthe University. The securities held by the custody bank shall, unless payable to thebearer, be registered in the name of the University, or in the bank's nominee name forthe benefit of the University. Securities delivered to the custody bank shall be in dueform for transfer or already registered as provided above. Settle and deliver securities as directed through any broker, investment manager oradvisor selected by the University. Act upon proper instructions from authorized persons received by fax or otheracceptable methods by the University to affect the receipt, transfer and delivery ofassets. Assign a dedicated day-to-day person that is familiar with the Universitys portfolio,who is also available for phone conversations to address various questions. Create, maintain and retain all records relating to securities held in custody in theUniversity accounts to meet the requirements and obligations under generallyaccepted accounting principles

Product Codes: 94629, 94625, 94656

Agency Information

Issuing Agency: Auburn University

State: Alabama

Agency Type: State and Local

Contact: Matthew Pike Procurement and Payment Services, 311 Ingram Hall, Auburn University, Alabama, 36849

Phone: 334-844-3630




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