UNSPSC 64111711: Put option contract

A contract between a buyer and a seller, usually on the floor of an exchange, giving the buyer or holder the right, but not the obligation, to sell the assets specified at a fixed price or formula, on or before a specified date. The seller of the put option assumes the obligation of buying the assets specified should the buyer exercise his option.

UNSPSC 64111711 Put option contract is a Commodity code that state and local governments use to classify banking, treasury, and financial services contracts, though recent solicitations show the code spans a wider range of financial intermediation than the nominal category name suggests. State and local treasurers, finance departments, and special authorities are actively procuring master banking services—including lockbox processing, merchant card acquiring, purchasing card programs, treasury management with zero-balance accounts and wire/ACH processing, third-party custodian services for large investment portfolios, and liquidity facilities for short-term borrowing programs. Issuers include county finance departments, city treasuries, state water authorities, school districts, airport authorities, and special-purpose governing boards. Broward County Finance and Administrative Services Department, the City of Dallas, the Texas Comptroller of Public Accounts, and the Texas Water Development Board all posted opportunities under this code during the past four months. The scope of individual procurements ranges from transaction processing at scale (Broward County's 60,000 monthly lockbox transactions, $150 million in annual merchant card volume) to portfolio custody of billions in securities and alternative assets (Broward's $7 billion in securities safekeeping, Texas Strategic Bitcoin Reserve custody services) to program administration for state retirement savings initiatives.

Recent activity concentrates in Texas and Florida. Broward County (Florida) posted Master Banking Services (RFP, due October 13, 2026) seeking vendors for five service groups with responses from major banks including JPMorgan Chase, Wells Fargo, UMB, TD, and Huntington at pre-proposal; the City of Dallas (Texas) posted Commercial Paper Liquidity Provider (competitive sealed proposal, due May 22, 2026) for three capital improvement programs with up to $775 million in aggregate program authorizations; the Texas Comptroller posted custody and liquidity services for the Texas Strategic Bitcoin Reserve (RFP, due July 10, 2026) requiring Texas Money Transmitter License and SOC 2 Type II certifications; and the Texas Water Development Board posted arbitrage compliance services (RFQ, due May 28, 2026) capped at $363,000 for 39 outstanding bond issues. Additional activity includes the Washington Saves Governing Board soliciting program administration and investment management for a state auto-IRA program (RFP, due October 9, 2026) and smaller jurisdictions in Florida and Texas posting arbitrage consulting and underwriting services. SBE, MBE, and local-vendor preferences are present in Dallas and Broward County solicitations; set-asides and VetHUB certification requirements appear in Texas procurements.