Loading...
Skip to main content
< Back to results

CUSTODIAN BANKING SERVICES


Location
Pennsylvania
Publication Date
03/14/2019 04:59 PM EDT
Closing Date
04/03/2019 01:00 PM EDT
Issuing Organization
City of Philadelphia
Solicitation Number
Description

Specifications include, but are not limited to: x Maintain 11 or more custodian accounts in the bank’s trust department for the cash and securities owned by the City. x Segregate all cash and securities from other assets. x All securities held by or delivered to the custodian shall be and remain the sole property of the City. The securities held by the custodian shall be, unless payable to the bearer, registered in the name of the City, or in the bank's nominee name. Securities delivered to the custodian shall be in due form for transfer or already registered as provided above. x Process security trades as instructed by authorized personnel from the City. x Create, maintain and retain all records relating to securities held in custody in City accounts to meet the requirements and obligations under Generally Accepted Accounting Principles (GAAP). x Provide an overnight investment vehicle for cash balances in the custodian accounts – See Appendix F, Section V. for a list of securities permitted for overnight investment. x Provide online access to portfolio activity and holdings on a real-time or next day basis. x Provide online access to monthly activity statements and reports including the market value of all portfolio holdings. x Provide daily activity and reports for all accounts via electronic transmission and/or in a format that can be uploaded into the CTO treasury management system. The statement cutoff date should be the last day of the month. Statements must be sent by no later than the 10th of the following month.

Get instant access

Get instant access to solicitation details & future business opportunities.

to solicitation details & future business opportunities.

Get Access

Vendor packages with access to similar open solicitations

Matching bid notifications & access to all Statewide & Group bid details

Statewide

Matching bid notifications & access to all Statewide & Group bid details

Matching bid notifications from participating agencies

Group

Matching bid notifications from participating agencies

Access participating agency bids

Basic

Access participating agency bids