The Firm selected through this process will enter into a written contract with the Worcester Retirement Board for the purpose of customary Master Trust/Custody services for all assets of the System. Provide customary custody, accounting and reporting capabilities. Provide sub-account for (present) “#” different investment funds, as well as a consolidation into “#” master account. As many of our “#” funds provide delayed valuations, separation into subaccounts is desirable to avoid tardy reporting on marketable-asset investment managers. Provide on-line reporting services for the System and our investment managers. Provide monthly accounting of all account activities and holdings. Daily cash sweep to a short-term investment fund approved by the System Assist in filing claims on behalf of class actions. Follow directions from investment managers regarding corporate actions and proxy voting. Monthly reconciliation of assets and activities with investment managers. Annual PERAC reporting schedules.
