Government Contract | West Virginia
WEST VIRGINIA BOARD OF TREASURY INVESTMENTS INTEREST BEARING DEPOSIT ACCOUNT

Bid Information


Bid Alert No: 00000576144

Bid Title: WEST VIRGINIA BOARD OF TREASURY INVESTMENTS INTEREST BEARING DEPOSIT ACCOUNT

Agency Bid No. Title: BTI160000002

Received Date: 05/23/2016

Close Date: 06/21/2016

Purchase Type: 1 year term

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By 05/31/2016 10:00 AM

Specifications

Specifications include, but are not limited to:Vendor must provide an interest bearing account to the BTI for the deposit of approximately $18.7 million in an account entitled Reserve Pool. 3.3.2 Vendor must collateralize account balances in excess of FDIC insurance limits in accordance with the STOs Collateral Policy and Procedures (See Attachment 8). 3.3.3 Vendor must provide monthly statements in electronic form that list, at a minimum, beginning balance, activity during the month, and ending balance. Although not mandatory, the BTI would desire to have the ability to have online access for reporting of account balances and activity. 3.3.4 Vendor must deposit earnings in the account on a periodic basis, no less than once per year. 3.3.5 Vendor must invoice the BTI monthly, in arrears, for service charges, if any. 3.3.6 Vendor must provide the BTI the ability to deposit or withdrawal funds on an as needed basis (although no deposits or withdrawals are planned in the foreseeable future)

Product Code: 94625

Agency Information


Issuing Agency: West Virginia State Treasurer's Office

State: West Virginia

Agency Type: State and Local

Contact: Wilma Harrison, Administration 1900 Kanawha Boulevard, East, Building 1, Room E -145, Charleston, West Virginia, 25305

Phone: 304-341-0745

Fax: 304-341-7093

Email: purchasing@wvsto.com

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