Appendix A: TECHNICAL PROPOSAL Read this document thoroughly before formulating a proposal. You are encouraged to be succinct and answer the questions as asked. Please be specific. Please note that the response to the RFP will be made part of the final legal custody agreement between SFERS and the custody provider. Kindly restate each question and provide the answers accordingly. MINIMUM QUALIFICATIONS Kindly if your organization is able to satisfy all of the qualifications and statutory requirements listed below and furnish appropriate documentation, accordingly. A Proposer can submit a response to this RFP for custody services only (Sections I and III, securities lending services only (Sections II and IV), or for both service mandates (Sections I, II, III, and IV). Custody At least $1 billion in total market capitalization as of September 30, 2015. At least $500 billion in total tax-exempt assets under trust/custody as of September 30, 2015. Minimum of 10 years’ experience in providing global trust/custody services for institutional tax-exempt investors. Minimum of 5 years’ experience in providing performance measurement (portfolio characteristics, universe comparison, and attribution) and advanced risk analytics (Value at Risk, Scenario and Stress Testing) for institutional investors as of September 30, 2015. The firm must carry Errors and Omissions Insurance coverage or must have applied for such coverage by the submission date of the RFP. E&O insurance will be required throughout the duration of the contract. Securities Lending At least $1 billion in total market capitalization as of September 30, 2015. Minimum of 10 years’ experience in providing securities lending services for institutional tax-exempt investors. At least $100 billion in securities lending lendable base for each of the last five years ending September 30, 2015. Will accept responsibility for securities lending program as a fully indemnified agent program specific to borrower default and operational negligence. The firm must carry Errors and Omissions Insurance coverage or must have applied for such coverage by the submission date of the RFP. E&O insurance will be required throughout the duration of the contract.
Appendix A: TECHNICAL PROPOSAL Read this document thoroughly before formulating a proposal. You are encouraged to be succinct and answer the questions as asked. Please be specific. Please note that the response to the RFP will be made part of the final legal custody agreement between SFERS and the custody provider. Kindly restate each question and provide the answers accordingly. MINIMUM QUALIFICATIONS Kindly if your organization is able to satisfy all of the qualifications and statutory requirements listed below and furnish appropriate documentation, accordingly. A Proposer can submit a response to this RFP for custody services only (Sections I and III, securities lending services only (Sections II and IV), or for both service mandates (Sections I, II, III, and IV). Custody At least $1 billion in total market capitalization as of September 30, 2015. At least $500 billion in total tax-exempt assets under trust/custody as of September 30, 2015. Minimum of 10 years’ experience in providing global trust/custody services for institutional tax-exempt investors. Minimum of 5 years’ experience in providing performance measurement (portfolio characteristics, universe comparison, and attribution) and advanced risk analytics (Value at Risk, Scenario and Stress Testing) for institutional investors as of September 30, 2015. The firm must carry Errors and Omissions Insurance coverage or must have applied for such coverage by the submission date of the RFP. E&O insurance will be required throughout the duration of the contract. Securities Lending At least $1 billion in total market capitalization as of September 30, 2015. Minimum of 10 years’ experience in providing securities lending services for institutional tax-exempt investors. At least $100 billion in securities lending lendable base for each of the last five years ending September 30, 2015. Will accept responsibility for securities lending program as a fully indemnified agent program specific to borrower default and operational negligence. The firm must carry Errors and Omissions Insurance coverage or must have applied for such coverage by the submission date of the RFP. E&O insurance will be required throughout the duration of the contract.
SFERS-Custody-RFP-2015-Appendix-A.docx