Posted Date : November 13,2018
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-1128
Government authority located in Little Rock, Arkansas, USA based organization looking for expert vendor for banking services.
[A] Budget: Looking for Proposal
[B] Scope of Service:
(1) Vendor needs to provide banking services to the government authority located in Little Rock, AR.
- The Commission operates at least eighteen (18) bank accounts with daily deposits and checks
drawn with the selected bank. - The selected bank will cash the checks made payable to the Commission employees and
vendors drawn on account held by the Commission at the bank branches within the Greater
Little Rock Metropolitan Area, providing the employee and vendor presents proper
identification. Such service will not be contingent on the employee having an account with
the bank, nor will the employee be charged for that service.
- Cash management tools including wire transfers, ACH credits and debits, direct payroll processing (via ACH) for participating employees, and online access through a secure website that offers custom user access rights and multi factored authentication.
- This policy does not apply to the Police, Fire, and Non-Uniformed Employees Retirement Funds. Longer-term funds, including investment of Employees Deferred Compensation Fund are covered by separate policies.
- Limiting investments to the safest types of securities (no stocks, no derivatives).
- Pre-qualifying the financial institutions, broker and dealers, intermediaries, and advisers with which the City will do business.
- Diversifying the investment portfolio so that potential losses on individual securities will be minimized.
- Structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity
- Investing operating funds primarily in shorter-term securities, money market mutual funds, or similar investment pools.
(2) Contract period will be for one year.
[C] Eligibility:
- Onshore (USA Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location
Budget :
Deadline to Submit Proposals: December 05,2018
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
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Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-1128
Government authority located in Little Rock, Arkansas, USA based organization looking for expert vendor for banking services.
[A] Budget: Looking for Proposal
[B] Scope of Service:
(1) Vendor needs to provide banking services to the government authority located in Little Rock, AR.
- The Commission operates at least eighteen (18) bank accounts with daily deposits and checks
drawn with the selected bank. - The selected bank will cash the checks made payable to the Commission employees and
vendors drawn on account held by the Commission at the bank branches within the Greater
Little Rock Metropolitan Area, providing the employee and vendor presents proper
identification. Such service will not be contingent on the employee having an account with
the bank, nor will the employee be charged for that service.
- Cash management tools including wire transfers, ACH credits and debits, direct payroll processing (via ACH) for participating employees, and online access through a secure website that offers custom user access rights and multi factored authentication.
- This policy does not apply to the Police, Fire, and Non-Uniformed Employees Retirement Funds. Longer-term funds, including investment of Employees Deferred Compensation Fund are covered by separate policies.
- Limiting investments to the safest types of securities (no stocks, no derivatives).
- Pre-qualifying the financial institutions, broker and dealers, intermediaries, and advisers with which the City will do business.
- Diversifying the investment portfolio so that potential losses on individual securities will be minimized.
- Structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity
- Investing operating funds primarily in shorter-term securities, money market mutual funds, or similar investment pools.
(2) Contract period will be for one year.
[C] Eligibility:
- Onshore (USA Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location
Budget :
Deadline to Submit Proposals: December 05,2018
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$