Kenai Peninsula Borough – RFP 27‑008 “Custody and Safekeeping of Marketable Debt Securities”

The Kenai Peninsula Borough is seeking a qualified financial institution to serve as custodian for its $325.5 million portfolio of marketable debt securities. The contractor will provide full‑service custody, including safekeeping, settlement, delivery, valuation, daily cash‑management, and detailed reporting for three distinct pools of securities. The agreement is a three‑year fixed‑term contract with two one‑year renewal options, priced on a lump‑sum annual basis. • Provide custodial services (settlement, delivery, safekeeping, valuation) for a diversified debt‑security portfolio. • Maintain three separate accounts, generate weekly/monthly fair‑value reports, and offer daily electronic access to holdings and transaction data. • Meet performance standards such as senior‑level account representation, daily cash‑market account management, and compliance with GAAP/GASB 72 accounting rules.