Description
The City of Tulsa’s Municipal Employees Retirement Plan (MERP) seeks a qualified custodian bank to provide comprehensive master‑trust and investment‑custodial services for a $559 million multi‑employer defined‑benefit plan. The scope includes safekeeping of U.S. and non‑U.S. assets, settlement processing, accounting and reporting (including GASB‑compatible statements), pricing, risk analysis, cash‑management sweeps, foreign‑exchange handling, derivatives safekeeping, corporate‑governance support, and dedicated client service. Respondents must meet stringent qualification thresholds (≥ $5 billion market cap, ≥ $100 billion tax‑exempt assets under custody, ≥ 10 public‑fund master‑custody clients, ≥ 15 years experience, senior personnel with ≥ 10 years relevant experience). Proposals are due Dec 1 2021, with a mandatory pre‑proposal conference on Nov 2 and Nov 9 2021, and a questions deadline of Nov 14 2021. The contract is for an initial one‑year term with up to four optional one‑year renewals. |
• Provide full‑service custodial, settlement, and accounting functions for MERP’s diversified portfolio.
• Deliver monthly audited statements, annual audited packages, real‑time online reporting, and GASB‑40/72 disclosures.
• Maintain disaster‑recovery, business‑continuity, and SSAE‑18 (SOC‑1) compliance; support cash‑sweep, FX, and derivative capabilities.
• Must submit detailed fees (flat‑fee plus unit‑cost) and meet rigorous qualification documentation.
Attached files
Contact
Mark Kinoshita(Project Manager)