Investment Custody, Securities Lending, and Backup Trustee Services
Overview
Fit Score
Settle Intelligence
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SUMMARY
DESCRIPTION
A government authority in Minneapolis, Minnesota is seeking a qualified vendor to provide investment custody, securities lending, and backup trustee services. The selected firm will be responsible for comprehensive custody services for the safekeeping and administration of the city's investment securities and related financial instruments.
Scope of services includes dedicated client service and relationship management, custody account establishment and maintenance, and detailed reporting on holdings, transactions, income, and market values in formats compatible with the city's internal systems and audit requirements. The provider must also deliver secure safekeeping of investment securities, timely trade settlement and processing, collection and crediting of income, and handling of maturities, redemptions, and corporate actions.
The city also requires strong liquidity management capabilities, including daily processing of deposits, withdrawals, and related transfers to and from designated bank accounts with same-day settlement and accurate reconciliation. Ideally, the selected custodian will also offer a securities lending program. Questions must be submitted no later than June 10, 2026.
Source attribution
This Settle analysis is based on the issuing organization’s public RFP listing.