A. Trustee Services: • Serve as fiduciary on behalf of bondholders, noteholders and OPEB trust beneficiaries in strict accordance with the applicable resolutions, trust documents and all laws. • Hold, manage, and invest assets in accordance with the applicable resolutions, trust indenture and investment policy guidelines. ▪ Monitor compliance with trust covenants and notify the issuer of any default or breach. ▪ Maintain accurate and detailed records of all trust-related transactions and holdings. ▪ Provide periodic reports detailing trust activity, balances, and compliance status. ▪ Facilitate communication between the issuer, paying agent, and other relevant parties as needed. B. Paying Agent Services ▪ Facilitate timely and accurate payment of principal, interest, and other amounts due to bondholders, noteholders or beneficiaries. ▪ Maintain and update records of bondholders, noteholders or payee accounts as needed. ▪ Handle any unclaimed funds in accordance with applicable laws and policies. ▪ Provide confirmation of payments and reconciliation reports. • Coordinate with the Trustee and Issuer for funding instructions and payment schedules. • Respond to inquiries from bondholders or beneficiaries regarding payment status. C. Custodian Services ▪ Safeguard all securities and assets held in connection with the OPEB Trust and/or debt service accounts. ▪ Process investment transactions as directed by authorized parties and in compliance with investment policies. ▪ Provide monthly account statements detailing holdings, transactions, and valuations. ▪ Support reporting and audit requirements by providing access to records and responding to inquiries. ▪ Ensure all assets are held in a secure and segregated manner, with appropriate internal controls and risk management practices.
