Specifications include, but are not limited to: Custody and Safekeeping Of Marketable Debt Securities Services to be performed: Services Requiring Prior Instruction: The contractor will be required to: Pay cash versus delivery for securities purchased. Transfer cash to commercial bank accounts. Release and deliver securities versus payment of cash for securities sold. Release and deliver collateral securities. Services Without Prior Instruction: The contractor will be required to: Open and maintain a main account and external sub account in the name of Kenai Peninsula Borough in which all transactions shall be recorded. Hold cash and securities for the accounts of the Borough or in the nominee name for the accounts of the Borough. Receive wire transfers of cash for credit to the accounts of the Borough. Present for payment all securities which are called, redeemed, retired, or mature. Present for payment all bearer coupons or other income items payable only upon presentation. Open and maintain a daily cash money market account for each account and sub account paying a competitive rate of interest. These funds are to be invested nightly and collateralized in accordance with the Borough's Investment Administrative Procedures (Exhibit 1). Credit all interest and principal on all securities on the date such interest and principal are received. Furnish daily advices of all transactions and entries for the accounts of the Borough. Price weekly and monthly all securities, including collateral securities, held for the accounts of the Borough with the fair value, as defined in GASB 31, which prevailed at the close of business on the last business day of the week and month. Furnish within five (5) working days a monthly report for each account of cash and securities held for the Borough as of the close of business on the last business day of each month and valued at original cost and fair value. Furnish within five (5) working days a monthly reporting of all transactions and entries for each account of the Borough. Furnish within five (5) working days a monthly summary of cash and securities, including collateral securities, held for each account of the Borough as of the last business day of the month classified as to type. Furnish electronic on-line inquiry of securities held, activity posted to each account, and fair value of securities held in portfolio. Please identify the software necessary for this activity as well as the capabilities of the system.
