Global Custodial Services

Overview

Financial, Legal, HR & Staffing

Washington, District Of Columbia, United StatesPosted about 1 month agoDeadline: May 5th, 2026

Fit Score

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SUMMARY

Washington, DC government seeks a provider for global custodial services to manage securities, support financial reporting, and ensure regulatory compliance.

KEY REQUIREMENTS

Must be a custodian bank capable of holding securities globally
Must have the capability to receive and transmit funding from a Fedwire account
Must obtain an annual Service Organization Control (SOC) 1, Type 2 report under SSAE 18
Must provide system interfaces and support for custodial services
Must be able to hold debt instruments, equity securities, stocks, and warrants
Must provide support for financial reporting and compliance with tax and regulatory regimes
Must be registered in the System for Award Management (SAM)
Must be registered to use FedConnect

BUDGET

Estimate

$50,000 – $250,000

CONTRACT DURATION

60 months

TIMELINE

Offers are due by May 5th, 2026, at 5:00 PM EDT.

Post-award kickoff meeting will be held within 10 business days of contract award.

Execution of the custody agreement is required not later than 30 days after the date of award.

Issuing Agency

United States International Development Finance Corporation

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The government authority located in Washington, DC seeks a vendor to provide comprehensive global custodial services. The selected firm will be responsible for managing a diverse portfolio of securities, including debt instruments and equity securities such as stocks and warrants. These assets may be publicly traded, over-the-counter, or private placements.

Key responsibilities include holding assets, settling securities transactions on behalf of the agency, and efficiently finalizing transactions in coordination with brokers, clearinghouses, or similar intermediaries. The vendor will also manage the receipt, acceptance, and recording of all asset transfers to and from the agency account and facilitate the transfer of funds to the U.S. Treasury.

Additional requirements involve supporting the agency's financial reporting processes and ensuring compliance with applicable tax and regulatory obligations. The service provider must also offer robust system interfaces and technical support to seamlessly enable and maintain these custodial functions.

Source attribution

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