The Contractor shall credit CNIC, FFR Div. the same day with good (collected) funds for any interest or principal received. The Contractor shall compensate CNIC, FFR Div. for any loss due to Contractor error, fraud or negligence with respect to handling, transfer, delivery or custody of securities delivered to, from or held in the safekeeping account. This includes loss of principal, interest, or availability of funds. The Contractor is liable for the acts of any nominee or agent of the Contractor
The Contractor shall provide a means for CNIC, FFR Div. to settle security trades, interest payments, pay downs, maturities with a single transfer between accounts maintained at the CNIC, FFR Div. concentration bank and the Contractor. To accomplish this, the Contractor shall provide a Demand Deposit Account (DDA) into which all debits and credits processed by safekeeping will be handled. The DDA will allow CNIC, FFR Div. to move money to and from its concentration bank by a single daily transaction. The Contractor shall provide access to a balance reporting system that provides daily account detail.
The Contractor shall confidentially maintain all of CNIC FFR's portfolio information and not allow said information of any type to pass to unauthorized parties without the written consent of the Contracting Officer's Representative. Unauthorized parties include any person(s) not directly involved in maintaining CNIC FFR's safekeeping account on a regular basis (e.g. salespersons or brokers employed, or otherwise, by the contractor).
The NAICS code for this requirement is 523991. The RFP is available electronically at the www.fbo.gov website only. It is the responsibility of interested parties to monitor the FedBizOpps website for any amendments to the RFP package.
Contracting Office Address:
COMMANDER NAVY INSTALLATIONS COMMAND
MILLINGTON (N944)
5720 INTEGRITY DRIVE BLDG 457
MILLINGTON, TN 38055-6500
Primary Point of Contact.:
John Wolfslau
[email protected]
Phone: (901)874-6902
Fax: (901) 874- 2073