Operating Funds Custodian

The contract is for the provision of custodian services for Florida Atlantic University's operating funds. The selected vendor, Charles Schwab, will be responsible for the safekeeping of assets, trade execution, settlement, and associated reporting. The contract is non-exclusive, and the university reserves the right to award contracts to other vendors. The scope of work includes providing custodial services for short-term, intermediate-term, and long-term investment holdings, as well as functioning as the university's primary broker-dealer and clearing agent for eligible investments. • The contract is for the provision of custodian services for Florida Atlantic University's operating funds. • The selected vendor, Charles Schwab, will be responsible for the safekeeping of assets, trade execution, settlement, and associated reporting. • The contract is non-exclusive, and the university reserves the right to award contracts to other vendors. • The scope of work includes providing custodial services for short-term, intermediate-term, and long-term investment holdings, as well as functioning as the university's primary broker-dealer and clearing agent for eligible investments.