May 12, 2016
The Office of the State Treasurer (“OST”) is seeking proposals to provide Custody Management Services as defined in the Request for Proposals (RFP) document. This document provides instructions for submitting proposals, the procedure and criteria by which the Provider will be selected, and the contractual terms which will govern the relationship between the State of Maine (“State”) and the Provider.
OST currently maintains the following fixed income investment portfolio for the Treasurer’s Cash Pool:
Portfolio: Short-term fixed income
Account Size: $301 million
Average # of Holdings: 73
Average # of Annual Trades: 450
Type of Possible Investments: High quality government and/or corporate obligations (see Part II, Section G for Investment Policy)
These funds are managed by OST. The custodian bank will have no responsibility for investing or reinvesting these monies. Securities lending is not permitted for these funds.
Proposals must be submitted to the Division of Purchases, Burton M. Cross Office Building, 111 Sewall Street – 4th Floor, Augusta, Maine, 04330. Proposals must be submitted by 2:00 pm, local time, on Wednesday, June 1, 2016. Late proposals will not be considered.