July 12, 2016
The Illinois State Board of Investment (“ISBI”) hereby issues a request for competitive proposals (”RFP”) from qualified custodial banks (“Respondents”) that provide comprehensive domestic and international custodial and fund accounting services (acting in the capacity of a plan fiduciary), including, but not be limited to, the following services: securities safekeeping, settlement, valuation; performance measurement; foreign exchange; collection of income and providing a management/accounting and information retrieval system, among others. The fund accounting services should include daily NAV valuation (including both share and unitization methods), daily transmission of NAV valuations to the current recordkeeper, ability to accept daily trade ticket data from the recordkeeper, and dedicated resources to communicate to the recordkeeper on an on-going basis on behalf of the State of Illinois Deferred Compensation Plan’s (the “Plan”) separate accounts.
All forms needed for submitting a response to this RFP are available on ISBI’s website at http://www.illinois.gov/isbi/Pages?RFP.aspx. Respondents to this RFP are responsible for monitoring ISBI’s website for information pertaining to the RFP, while the RFP is outstanding.