The purpose of this Request for Response is to select one or more firms to provide custody services and transition management Services for the Commonwealth of Massachusetts 457b Deferred Compensation Plan. i. Custody Services: Scope of Services. The responsibilities of the custodian under review for this RFR include, but are not limited to: Custodial Asset Administration: – Trade settlement in markets of investment. – Corporate actions, proxy voting, and class actions. – Collection of income. – Tax reclamation. Unitized Daily Valuation. White Label Fund Creation. Fund Fact Sheet Creation. Rebalancing. Online Reporting: – Ad-hoc and custom reporting. – Intuitive client facing portal. Investment Manager Reconciliation Annual Audit and Regulatory Support: – Fair valuation support. – Auditor support. – Supplemental derivative reporting. Support for Client Cash: – Flexible reporting for current and projected cash balances. – Cash sweep and reinvestment options. – Online cash movement. Foreign Exchange.
