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BANKING-3724 - USA (DeSoto, Texas) - Depository Services - Deadline November 16,2021

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: BANKING-3724

Government Authority located in DeSoto, Texas; USA based organization looking for expert vendor for depository services.

[A] Budget: Looking for Proposals

[B] Scope of Service:

(1) Vendor needs to provide depository services to the government authority located in DeSoto, TX.
- Consolidated Account Structure with Sweep Mechanism:
- The District is interested in earning at then-current interest rates available at all times. The District wants the option to use an automated, daily sweep to a money market mutual fund or Depository alternative account (if competitive) to reach its full investment goal
- The Depository must clearly describe the Depository’s most cost-effective account structure (interest bearing accounts, zero balance accounts [ZBAs], or sweep, etc.).
- Automated Cash Management Information:
- Prior-day summary and detail balance reporting on all accounts.
- Initiation and monitoring of stop payments.
- Positive pay exception transactions.
- Initiation and monitoring of internal and wire transfers.
- Image access.
- ACH debit exception transactions
- Deposit Services:
- The District expects all deposited checks to clear based on the Depository’s current published availability schedule, but please note any options for expedited availability in the proposal. All cleared deposits received by the Depository’s established deadline must be processed for same-day ledger credit.
- Remote Deposit:
- The District is interested in establishing remote check deposit for a few high-volume locations during the contract period. These deposits include both consumer and commercial checks
- Positive Pay:
- The District is interested in positive pay services for designated accounts on which checks are written. The positive pay process should be fully automated, and web based. The District will transmit check information electronically to the Depository on each check run and as manual checks are created.  - Funds Transfer and Wire Services:
- Incoming wire transfers must receive immediate same-day collected credit. Wire initiation should be available online.
- Optical Imaging:
- The District desires optical images that are downloadable or on CD on all accounts
- Investments and Safekeeping Services:
- The District will require the Depository to provide book-entry safekeeping services for any securities owned by the District. The District will make all of its investments and transmit instructions for clearing and safekeeping to the Depository in writing
- Stop Payments:
- The District desires an automated stop payment process.
- Service Enhancements:
- Based on the information the Depository provides in the proposal and the Depository’s knowledge of the public sector, please describe any services or technological enhancements, not previously mentioned, that the District may consider to manage its treasury operations more effectively.
(2) A pre-proposal meeting will be held on October 27, 2021
(3) All the questions must be submitted no later than October 29, 2021.

[C] Eligibility:

Onshore (USA organization Only)

[D] Work Performance:

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

Expiry Date : Tuesday, 16 November, 2021

Pre-proposal Conference Date : Wednesday, 27 October, 2021

Question Answer Deadline : Friday, 29 October, 2021

Category : Banking Services

Country : USA

State : Texas

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