Safekeeping and Custodial Services

The San Diego County Water Authority is soliciting proposals from qualified firms for professional services to provide safekeeping and custodial services. The financial institution must be a state or national bank, savings association, or federal association, federal or state credit union, or federally insured industrial loan company. The selected firm will be responsible for maintaining separate custody accounts for securities owned by the Water Authority, segregating all securities and cash held by the Custodian, collecting maturity and sales proceeds, monitoring and recording funds, and providing monthly activity statements and reports. • The contract term will be for three years with an option to extend for up to two years. • The Water Authority's total investment portfolio is approximately $346 million. • The selected firm will be required to have been in the investment custody business for a minimum of ten years. • The RFP includes a detailed scope of work, evaluation criteria, and requirements for the proposal submission. • The Water Authority reserves the right to cancel or revise the RFP at any time.