Government Contract | Wisconsin
UNCLAIMED PROPERTY SECURITIES CUSTODIAL SERVICES

Bid Information


Bid Alert No: 00000478538

Bid Title: UNCLAIMED PROPERTY SECURITIES CUSTODIAL SERVICES

Agency Bid No. Title: RD160639

Received Date: 02/09/2016

Close Date: 03/15/2016

Purchase Type: 3 year term

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By 02/12/2016 04:00 PM

Specifications

Specifications include, but are not limited to:The purpose of this document is to provide interested parties with information to enable them to prepare and submit a Proposal for Custody Services for the Unclaimed Property Program (UCP), administered by the Wisconsin Department of Revenue (DOR). The State, as represented by the Wisconsin Department of Administration (DOA), Consolidated Agency Purchasing Services (CAPS), on behalf of the Wisconsin Department of Revenue (DOR), intends to use the results of this solicitation to award a Contract for Custody Services.UCP is responsible for managing more than 3 million properties with a value of approximately $430 million. There are 14.7 million shares of stocks & mutual funds with a value of approximately $19 million. Wisconsin law requires that UCP hold securities for a minimum of one year.Holders are required to turn over unclaimed property annually, with holder reports due on November 1st each year. Abandoned securities must be included with the holder reports and transferred to the contracted custodian at the same time.Custodial Services are currently provided by Xerox State and Local Solutions.1.2Scope of the project1.2.1Project descriptionThe awarded proposer shall provide Custody Services to UCP. This includes:Receive securities from holdersManage and maintain the securities portfolioSell and transfer securities as directed by DORProvide reports and data to DOR of our inventory and transactionsSend weekly remittances of proceeds from security transactions to DORGive assistance to DOR staff as requested

Product Codes: 94649, 94611, 94685, 94675

Agency Information


Issuing Agency: State of Wisconsin - Department of Administration

State: Wisconsin

Agency Type: State and Local

Contact: Patricia Conley Divison of Enterprise Operations - SBOP/CAPS, 101 East Wilson Street, Madison, Wisconsin, 53703

Phone: 608-264-9591

Fax: 608-266-1977

Email: pat.conley@wisconsin.gov

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