Government Contract | Virginia
Institutional Fixed-Income Custody Services

Bid Information

Bid Alert No: 00002755588

Bid Title: Institutional Fixed-Income Custody Services

Agency Bid No. Title: 21-061

Received Date: 09/20/2021

Close Date: 10/05/2021

Purchase Type: Term: 01/01/2022 - 12/31/2026

Delivery Point: Fairfax County, Virginia

Delivery Date: Not Stated

Special Notices: Questions Due By 09/23/2021 05:00 PM, Bidder Preregistration


Specifications include, but are not limited to: The services required from potential Offerors are described below:1. Maintain two or more custody accounts for the cash and securities owned by Fairfax Water.2. Segregate all securities and cash from the assets of others. The custodian shall have only thebare custody thereof and securities shall be and remain the sole property of Fairfax Water.The securities held by the custodian shall, unless payable to the bearer, be registered in thename of Fairfax Water, or in the bank's nominee name. Securities delivered to the custodian,except bearer securities and non-negotiable certificates of deposit, shall be in due form fortransfer or already registered as provided above.3. Settle and deliver securities per instructions received by authorized persons.4. Collect all coupons and other periodic income on securities held.5. Monitor and record the collection of funds in accounts maintained by the custodian.6. Create, maintain, and retain all records relating to securities held in custody in FairfaxWater's accounts to meet the requirements and obligations under generally acceptedaccounting principles.7. Provide an overnight investment vehicle for cash balances in the custody accounts.8. Provide online reporting of portfolio activity and holdings on a real-time or next day basis.9. Provide online monthly activity statements and reports including the market value of allportfolio holdings (the statement cut off should be the last day of the month).10. Provide reporting to comply with the requirements of GASB Statement No. 72 Fair ValueMeasurement and Application.11. Provide monthly activity statements and reports for all accounts. The statement cut offshould be the last day of the month.

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Product Codes: 94630, 94629, 94625, 94638

Agency Information

Issuing Agency: Fairfax County Water Authority (Fairfax Water)

State: Virginia

Agency Type: State and Local

Contact: Procurement Department, 8570 Executive Park Avenue, Fairfax, Virginia, 22031



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