Custodian Depository Service

Overview

Financial, Legal, HR & Staffing

New Mexico, United StatesPosted about 1 month agoDeadline: May 5th, 2026

Fit Score

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SUMMARY

The government seeks a provider for custodian depository services for insurers, including securities management and comprehensive reporting in New Mexico.

KEY REQUIREMENTS

BUDGET

Estimate

$50,000 – $250,000

TIMELINE

Released: April 2nd, 2026

Open: April 2nd, 2026

Close: May 5th, 2026

Issuing Agency

New Mexico General Services Department

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

A government authority in New Mexico is seeking a vendor to provide custodian depository services. The chosen custodian will act as the designated depository for insurers regarding securities and other properties held in custodial accounts.

Services required include making purchases, sales, and deliveries of securities as directed, and managing all aspects of custodial accounts. The custodian will also be responsible for providing insurers and providers with transaction reports, annual and on-request lists of assets in custodial accounts, and all other relevant account information. The overall intent is to ensure professional, transparent, and compliant management of custodial assets.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.