AVM Repo Services for the State Treasurer's Office, Investment Division

The State of New Mexico is seeking a sole source provider for AVM Repo Services for the State Treasurer's Office, Investment Division. The selected contractor will act as the Investing Agency's non-discretionary agent and perform repo services, including obtaining bids from counterparties, executing transactions, and providing reports to the Investing Agency. The contractor must be independent, capable of performing repo services, and compliant with NM state statutes and the State Treasurer's investment policies. The contract term is 4 years, with an estimated contract amount of $600,000. • The contractor will provide all services, materials, and personnel necessary to execute transactions with the Investing Agency. • The contractor will provide reports to the Investing Agency, including preliminary/final bid details, breakdown by portfolio/principal/accrued interest, and monthly interest reports. • The contractor will have access to a large network of repo market participants. • The State Treasurer's Office may modify the portfolios at any time, and the contractor must be able to adapt to these changes.