UNSPSC 64111700: Derivative securities

Financial contracts whose value is derived from the performance of assets, interest rates, currency exchange rates, indexes, environmental phenomena, etc. Derivative transactions include a wide assortment of financial contracts including structured debt obligations and deposits, swaps, futures, options, caps, floors, collars, forwards and various combinations thereof. Derivatives can be used for a number of purposes - including insuring against price movements --hedging--, increasing exposure to price movements for speculation or getting access to otherwise hard to trade assets or markets.

UNSPSC 64111700 Derivative securities is a Class code under which state and local governments procure financial advisory and structuring services related to tax-exempt and other bond issuances, arbitrage compliance for investment of bond proceeds, and liquidity facilities for short-term capital programs. Recent solicitations show activity spanning bond underwriting services, commercial paper liquidity provider arrangements, and arbitrage rebate consulting—services that support the issuance, compliance, and management of public debt across airports, counties, school districts, and other jurisdictions. The issuing bodies include major city and county finance departments, state agencies managing special programs, and independent school districts; repeat buyers include large urban centers and statewide entities managing significant debt portfolios.

Recent opportunities cluster in Texas, Florida, Utah, and Washington. The Salt Lake City Corporation Department of Airports issued RFP SLCAIR26018 (due October 30, 2026) seeking a pool of bond underwriters for airport revenue financings, with qualifications including prior senior management of long-term fixed-rate airport financings of $300 million or greater in the past three years. Broward County Finance and Administrative Services issued RFP GEN2131264P1 (due October 13, 2026) for master banking services that include third-party custodian safekeeping of approximately $7 billion in investment securities. The City of Dallas solicited commercial paper liquidity providers twice (May 22, 2026 response deadlines) for GO, airport expansion, and stormwater programs totaling up to $775 million in short-term capacity. Texas Water Development Board issued RFQ 58026RFQ0016 (May 28, 2026) for arbitrage compliance services across 39 bond issues with a contract cap of $363,000 and a three-year term. Okaloosa County, Florida issued an RFQ for arbitrage consulting services (July 15, 2026 deadline) covering annual rebate calculations and IRS compliance. The Washington Saves Governing Board solicited investment management and program administration (October 9, 2026 deadline) for a state auto-IRA program with a seven-year term and launch target of July 1, 2027.