Tenders are invited for Custodian Banking Services

Tender Detail

64128255
SOQ 22-23-87
Self-Funded
Tenders are invited for Custodian Banking Services
NCB
Americas
Asia-Pacific Economic Cooperation, APEC,APAC ( Asia Pacific)
19-05-2023

Work Detail

Custodian Banking Services The Santa Clara Stadium Authority Is A Public Joint Powers Authority Established To Develop, Own And Be Responsible For The Operation Of Levis Stadium, A Premiere Outdoor Sports And Entertainment Venue On The West Coast And Home To The San Francisco 49Ers National Football League (Nfl) Team. The Santa Clara Stadium Authority (Scsa) Is Seeking Institutional Custody Services For One High-Quality Fixed-Income Portfolio. This Will Be A New Portfolio Starting With An Initial Investment Amount Of Approximately $5 Million And Is Expected To Reach An Asset Amount Of Approximately $70 Million Over Five Years (The Portfolio ). The Portfolio Will Be Invested In Accordance With The City Of Santa Clara S Investment Policy (The Investment Policy ), Which Encompasses Scsa. The Investment Policy Allows For Investment In U.S. Treasuries, Federal Agencies, Municipal Bonds, Corporate Bonds, Commercial Paper, And Cd S, As Well As Other Securities, As Permitted By State Of California Government Code Sections 53601 And 53635. The Investment Policy Can Be Found At Https://Www.Santaclaraca.Gov/Our-City/Departments-A-F/Finance

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