Government Contract | Arizona
SAFEKEEPING AND HANDLING OF STATE AGENCY PLEDGED SECURITIES

Bid Information


Bid Alert No: 00000410931

Bid Title: SAFEKEEPING AND HANDLING OF STATE AGENCY PLEDGED SECURITIES

Agency Bid No. Title: 15-02

Received Date: 11/05/2015

Close Date: 11/18/2015

Purchase Type: 3 year term

Delivery Point:

Delivery Date: Not Stated

Specifications

Specifications include, but are not limited to:The Arizona State Treasurer (Treasurer) or designee will appoint the successful bidder ( Institution or Contractor), as the agent for the safekeeping and handling of securities for which the Treasurer is the lawful custodian and that the Treasurer place or cause to be placed in the Institutions possession, and the Institution agrees to accept such appointment. 1.2 The Institution, at the direction of the Office of the State Treasurer, will provide for transfer of securities from the Institution currently holding the securities prior to January 1, 2015, or on another date if so authorized by the Office of the State Treasurer. The new Institution shall be responsible for the safe transport and delivery of the securities. Transfer of the present securities portfolio will be free delivery at no cost to the Office of the State Treasurer or the Depositor. At the conclusion of this contract, any transfers will likewise be at no cost to the Office of the State Treasurer or Depositor. 1.3 The Institution shall process and track completion of the account set-up documents for all accounts. 1.4 The Institution shall accept possession of, and be responsible for the safekeeping of such securities as are delivered to the Institution. 1.5 The term of this contract shall begin on January 1, 2016 and will end at the close of business on December 31, 2018. In addition, the contract can be extended for two (2) one year renewal periods as noted in the SPECIAL TERMS AND CONDITIONS. 1.6 The Office of the State Treasurer will be entitled to cause delivery or withdrawal from the Institutions possession, during the Institutions normal business hours, any such securities held by the Institution by giving twenty four (24) hours notice to the Institution or at regularly scheduled times. 1.7 Securities will be deposited with or withdrawn from the Institution in accordance with Appendix A for Department of Insurance accounts and Appendix B for Industrial Commission accounts or on similar instructions based on another state agencys needs

Bid Related Documents

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Product Code: 94625

Agency Information


Issuing Agency: State of Arizona-Treasurer's Office

State: Arizona

Agency Type: State and Local

Contact: 1700 W. Washington, 1st Floor, Phoenix, Arizona, 85007

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