BANKING-9192 - USA (Toms River, New Jersey) - Banking and Investment Services - Deadline August 27,2026

(1) Vendor needs to provide banking and investment services to the government authority located in Toms River, NJ. – Direct the investment and, when appropriate, direct the sale and reinvestment of all assets under management.– Place all orders for the purchase, sale and exchange of portfolio securities with brokers or dealers and give instructions to the custodian for delivery or receipt of cash and securities.– Provide independent confirmation of all securities transactions to the county and the custodian bank.– Monitor the creditworthiness of all investments under management.– Provide the county with regular monthly statements of investment activities and reconcile such statements with records provided by the custodian bank. – Provide the county with monthly reports of interest earnings, investment performance and the market value of all investments.– Purchase all investments in compliance with the “fair market value” or “safe harbor” rules of the arbitrage rebate regulations.– Work with the custodian bank and county to assure coordination of investments, delivery of securities and the availability of funds as needed to pay drawdown requirements.