Custodian shall collaborate with the Orange County Transportation Authority (OCTA) to act as an independent third-party to provide custody and reporting services for OCTA’s investment portfolio. Currently, the portfolio is comprised of eight (8) accounts (four [4] main accounts with one [1] sub account under each main account). Each main account along with its sub account of approximately $500 million each is actively managed by four (4) investment advisory firms. Primary services shall include: • Provide possession and safeguarding of securities • Ensure proper settlement of investment buys and sells as executed through the investment advisors • Price securities and provide specialized report information that provides the OCTA with accurate and timely data to make informed decisions • Provide consolidated reports/statements via Web-based application that offers daily review and report capabilities, not just month-end • Provide for the transfer of funds to OCTA commercial bank to meet project payment demands or to fund current operations
