Specifications include, but are not limited to: The objective of this RFP is to update current depository services with the goal to modernize as many processes as possible while acknowledging that the State must accept checks, cash and coin in many circumstances. 4.1. The Offeror shall maintain its KBRA Rating or similar financial strength rating from a nationally recognized statistical rating organization, such as Kroll Bond Rating Agency, Inc., of at least a "C" for the term of the Contract. Should the Offeror's rating drop below "C", the Offeror must immediately notify the Procurement Officer or Contract Officer. The Maryland State Treasurer (the “Treasurer”), at her discretion, may dismiss the Offeror, require additional collateral of the Offeror, or take other actions as she deems necessary under the circumstances to protect the interests of the State of Maryland. 3.4.2. The Offeror shall provide collateral for accounts in accordance with the requirements set forth in Sections 6-202, 6-209, and 6-222 of the State Finance and Procurement Article (See Exhibits 2, 3, and 4). The collateral shall be on deposit in the name of the Treasurer, State of Maryland, either, (a) with the Federal Reserve Bank of Richmond, (b) with the Federal Reserve Bank of Boston, or (c) at the sole discretion of the Treasurer, on deposit with an independent financial institution acceptable to the Treasurer. 3.4.3. The Offeror must provide electronically in both Excel and PDF format to the Office for each calendar month, by the tenth of the subsequent month, audited reports on all account balances, interest earnings transfers, and collateral.