Specifications include, but are not limited to: Through this Request for Proposal (RFP) the Office of the State Treasurer, Unclaimed Property Division(hereinafter the “State”) isseeking to establish contracts with one or more companies that can provide Securities Liquidation And Custody Services Of Unclaimed Property.The selected firm shall provide to the State services required to receive, deposit, take custody of, sell, andremit proceeds of publicly traded securities (principally, but not limited to, common shares of publicly owned corporationsand Mutual Funds). The firm’s responsibilities shall include:•Receipt of securities titled in the name of the State of Vermont in certificate form and via DTC.•Receipt of all mutual funds in the name of the State of Vermont in any format. •Necessary actions to achieve or confirm status of fully deliverable/negotiable shares, bonds, units,etc., through transmittal of certificates to transfer agents. •Deposit negotiable shares into a custody account maintained by the firm for benefit of the State.•Sellsecurities as instructed by representatives of the State in terms of “best execution available.”•Record-keeping of securities, deposit dates, trade dates, and settlement dates. •Record-keeping of sales proceeds; gross and net of commissions. •Confirmation of commission levels as consistent with contractual terms. •Record-keeping of changes in addition to commissions, if any such additional changes occur.•Monthly sale activity and account balance statements.•A triple-A-rated money market investment vehicle in which to invest settled funds pending transfer to the State. •Upon request, wiring ofsettled funds to the State.•Transfer securities and mutual funds to owners upon request from the State of Vermont.
