UNSPSC 64111709: Swap contract

A contract specifying the exchange of one security for another in order to change the maturity for bonds, quality of issues for stocks or bonds, or because investment objectives have changed. Swap contracts are usually negotiated on an over the counter OTC basis, e.g. outside of a futures exchange. Recently, swaps have grown to include currency swaps and interest rate swaps.

UNSPSC 64111709 Swap contract is a Commodity code that spans a disparate set of financial instruments and advisory services actually being procured by state and local governments. Recent solicitations show state and local buyers using this code for underwriting services, arbitrage compliance consulting, commercial paper liquidity provision, unclaimed property auditing with contingent-fee compensation models, and miscellaneous financial advisory services. Manor Independent School District (Texas) issued RFQ 27-001RFQ for underwriting services with responses due July 27, 2026. The Texas Comptroller of Public Accounts, on behalf of the Texas Treasury Safekeeping Trust Company, solicited custody and liquidity services for the Texas Strategic Bitcoin Reserve under RFP 908-26-1778WS, due July 10, 2026, seeking qualified custodians with FinCEN registration, Texas Money Transmitter License, TX-RAMP or FedRAMP certification, and SOC 2 Type II audit reports; the Trust intends to award contracts to both primary and secondary service providers for redundancy. Okaloosa County, Florida requested arbitrage consulting services via ITQ ITQCOC6026, due July 15, 2026, for tax-exempt bond compliance including annual arbitrage rebate calculations under Internal Revenue Code Section 148, written compliance opinions, regulatory updates, and IRS form preparation. The Texas Water Development Board issued RFQ 580-26-RFQ-0016 for arbitrage compliance services supporting 39 outstanding bond issues, due May 28, 2026, with a maximum project cost of $363,000 and a three-year initial term through August 31, 2029. The City of Dallas solicited Commercial Paper Liquidity Providers through competitive sealed proposals for GO, LEAP, and SDM capital programs totaling up to $775 million in potential outstanding paper, due May 22, 2026, with SBE participation goals of 3.71 percent under the City's DRIVE program.

State and local buyers include school districts, state departments of revenue and transportation, county governments, municipal finance departments, and state treasury or banking entities. The Washington State Department of Revenue issued two parallel RFPs in April 2026 for unclaimed property auditing and collection services across five Washington counties—Franklin, Grant, Grays Harbor, Chelan, and Yakima—structured on a contingent-fee model of ten percent of property delivered (reduced to three percent if self-audit holders fail to comply), with a maximum three-year appropriation of $2 million and responses due June 5 and June 15, 2026. Activity concentrates in Texas, Florida, Washington, Georgia, and Arizona. Recent geographic spread reflects solicitations from state treasury and tax agencies, county treasurers, municipal finance offices, and independent school districts across the South, Southwest, and Pacific Northwest. The code's scope is elastic and encompasses contingent-fee audit and advisory work, fixed-fee consulting retainers, commercial liquidity facilities, and custody or safekeeping services—suggesting broad use by issuers and managers of public debt and financial assets rather than a tight commodity definition.