Specifications include, but are not limited to: I. Accounting/Audit 1. Must provide trade date multi-currency (local and US dollars) accounting for all securities and full accrual accounting for all assets. 2. Must provide accounting for the following: a. Dividends and interest, corporate actions (including mergers, acquisitions, tenders, stock splits and dividends, warrants and spin-offs) b. Securities lending c. Domestic fixed income and equity portfolios d. Equity real estate and REIT portfolios e. Futures and multi-currency derivatives f. Private equity, including domestic and non-US limited partnerships for 1- 130's, venture capital, etc. 3. Must provide payable date posting for dividends, bond interest and principal, and interest and pay down on mortgage pass-through certificates. 4. Accounting must be on a calendar year basis (January 1 – December 31). 5. Must provide a secondary pricing source for comparison to the primary source for pricing securities. 6. Investments must be reported at cost and market value. 7. The Contractor must confirm that all information concerning holdings and transactions will be available for inquiry, download or print capabilities. 8. Must interact with ERS’ and OBRA’s auditors in furtherance of the audit process and supply information specific to the audit process in a downloadable format, as requested by the auditors. 9. Must implement in concert with ERS any new accounting standards that impact ERS’ and OBRA’s financial reporting process, including providing information required by new accounting standards related to ERS’ and OBRA’s assets. II. Securities Settlement 1. Must be a participating member and have access to securities settlement through DTC, Federal Reserve wire system, PTC and at other depositories (both domestic and international). 2. Must have the ability to settle physically held securities. 3. The ability to execute foreign exchange transactions. 4. Must provide buy-fail float and contractual settlement date posting of sales. 5. Trade data must be electronically accessible by ERS, its investment advisers and consultants.
