ESTATE-5040 - USA (Magnolia, Texas) - Investment Broker Services - Deadline November 23,2021

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: ESTATE-5040

Government Authority located in Magnolia, Texas; USA based organization looking for expert vendor for investment broker services.

[A] Budget: Looking for Proposals

[B] Scope of Service:

Vendor needs to provide investment broker services to the government authority located in Magnolia, TX.
- Annual Audit: - district shall perform a compliance audit of management controls on investments and adherence to the district’s established investment Policies. The compliance audit shall be performed in conjunction with the annual financial audit.
- Investment Strategies: - As an integral part of the investment policy, the board shall adopt a separate written investment strategy for each of the funds or group of funds under the board’s control. Each investment strategy must describe the investment objectives for the particular fund using the following priorities in order of importance:
1. Understanding of the suitability of the investment to the financial requirements of the district;
2. Preservation and safety of principal;
3. Liquidity;
4. Marketability of the investment if the need arises to liquidate the investment before maturity;
5. Diversification of the investment portfolio.
- Investment Training: - Investment training must include education in investment controls,
security risks, strategy risks, market risks, diversification of investment portfolio, and compliance with the Public Funds Investment.
- Bond Proceeds: - The investment officer of a district may invest bond proceeds or pledged revenue only to the extent permitted by the Public Funds Investment
1. Statutory provisions governing the debt issuance or the agreement, as applicable; and
2. The district’s investment policy regarding the debt issuance or the agreement, as applicable.
- Obligations of Governmental Entities: -
1. Obligations, including letters of credit, of the United States or its agencies and instrumentalities, including the Federal Home Loan Banks
2. Direct obligations of this state or its agencies and instrumentalities;
3. Collateralized mortgage obligations directly issued by a federal agency or instrumentality of the United States, the underlying security for which is guaranteed by an agency or instrumentality of the United States;
4. Other obligations, the principal and interest of which are unconditionally guaranteed or insured by, or backed by the full faith and credit of, this state, the United States, or their respective agencies and instrumentalities, including obligations that are fully guaranteed or insured by the Federal Deposit Insurance Corporation (FDIC) or by the explicit full faith and credit of the United States;
5. Obligations of states, agencies, counties, cities, and other political subdivisions of any state rated as to investment quality by a nationally recognized investment rating firm not less than A or its equivalent;
- Unauthorized Obligations: -
1. Obligations whose payment represents the coupon payments on the outstanding principal balance of the underlying mortgage- backed security collateral and pays no principal;
2. Obligations whose payment represents the principal stream of cash flow from the underlying mortgage-backed security collateral and bears no interest;
3. Collateralized mortgage obligations that have a stated final maturity date of greater than ten years; and
4. Collateralized mortgage obligations the interest rate of which is determined by an index that adjusts opposite to the changes in a market index.
- For more information describe in document.

[C] Eligibility:

- Onshore (USA Organization Only);

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location.

Expiry Date : Tuesday, 23 November, 2021

Category : Real Estate, Brokerage Services, Maintenance, Repair and Alteration of Property

Country : USA

State : Texas

RFP Expired

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