TRE21103 – INVESTMENT CUSTODY SERVICES

The Office of the State Treasurer (“OST”), on behalf of the Cash Management Policy Board (the “Board,” and together with OST, the “State”), issues this request for proposals (the “RFP”) seeking investment custody services for State funds subject to Board oversight. The selected firm will serve in a fiduciary capacity. The RFP is issued pursuant to 29 Del. C. §§ 6981, 6982 and 6986.

VENDOR ELIGIBILITY: Any prospective vendor (“Vendor”) that does not meet the following criteria will not qualify for this RFP process:

1. At least $1 billion in total market capitalization.
2. At least $500 billion in total tax-exempt assets under trust/custody.
3. At least $250 billion in corporate and public funds under custody.
4. Financial institutions with both a branch network and employees in Delaware are
   exempt from the above market capitalization and assets under management criteria.
5. Minimum of 10 years of experience in providing trust/custody services for institutional investors.

The tentative timetable for this RFP process is as follows:

• RFP Published April 9, 2021
• Deadline for Vendor Questions April 23, 2021
• Deadline for State Responses – Q&A Closed & Published April 30, 2021
• Deadline for Vendor Proposal Submission May 21, 2021
• Finalist Presentations (Virtual) June 21 – June 30, 2021
• Estimated Board Approval August 25, 2021
• Contract Negotiation and Execution Month of September 2021
• Award Notification By September 30, 2021
• Implementation To be completed by December 01, 2021

There will be no pre-bid meeting associated with this RFP.

This RFP is not an offer. The State reserves the right to cancel this RFP or modify the above RFP dates at any time, and for any reason.

 

TRE-CPM-20102- PROGRAM MANAGER AND ADMINISTRATION SERVICES

The Office of the State Treasurer (“OST”), on behalf of itself and the Plans Management Board (“Board”), are seeking proposals from qualified program managers (“Vendors”) to provide recordkeeping, investment management and administrative services for the State’s college investment plan under Section 529 of the Internal Revenue Code(“529 Plan”). This RFP is issued pursuant to 29 Del. C. §§ 6981, 6982(b) and 6986.

Tentative RFP Timeline

• RFP Published – December 7, 2020
• Deadline for Vendors Questions – December 18, 2020
• Deadline for State Responses – Q&A Closed and Published – January 8, 2021
• Deadline for Vendors Proposal Submission – January 22, 2021(4:00 PM Eastern Time)
• Date for Invitation – January 29, 2021
• Finalist Presentations – February 2021
• Finalist Selected – February 2021
• Estimated Award Notifications (Board Approval) – March 2021
• Complete Contract Negotiations – April 2021

There will be no pre-bid meeting associated with this RFP.

This RFP is not an offer. The State reserves the right to cancel this RFP or modify the above RFP dates at any time, and for any reason.

 

RFP_TRE19202-LOCALBANKS

• Delaware Local Bank RFP Final
• Requirement Matrix
• Schedule of Fees

RFP Timeline

• RFP published • March 8, 2019
• Notice of Intent to Respond due • March 15, 2019
• Deadline for Vendor questions • March 15, 2019
• Deadline for State responses – Q&A closed & Published • March 22, 2019
• Deadline for Vendor proposal submission • April 2, 2019
• Finalist presentations • Week of April 29, 2019
• Finalist Selected / Begin Contract Negotiations • August 28, 2019
• Complete Contract Negotiations • To be determined
• Estimated Award Notification (Board Approval) • To be determined
• Implementation Schedule • To be determined

Visit the State’s Bid Solicitation Directory to learn more about open and awarded solicitations.