UNSPSC 64111900: Structured financial products

Financial products that have pre-defined returns and are linked to one or more underlying equities, debt instruments, indices, currencies or rates with payment at one or more future dates

UNSPSC 64111900 Structured financial products is a Class code that covers financial advisory, underwriting, and transaction-support services state and local governments procure to manage debt issuance, treasury operations, asset management, and specialized financial strategies. Recent solicitations show that state and local issuers use this code for investment consulting, bond underwriting pools, commercial paper liquidity facilities, ACH and banking services, audit and compliance advisory, and fee-based financial analysis—services that fall well outside traditional procurement of tangible goods.

Demand spans a diverse issuer mix: state comptroller offices and treasury functions (Texas, Illinois), municipal finance departments (San Antonio, Dallas, Detroit), special-purpose districts and authorities (Ontario International Airport Authority, Teacher Retirement System of Texas), county and city utilities and transit agencies, and nonprofit and quasi-public entities funded by federal grants or public bonds (Integral Care, Texas Prepaid Higher Education Tuition Board). Recent opportunities have concentrated in Texas and California, with additional activity in Georgia, Oregon, and Illinois. Representative recent opportunities include the Ontario International Airport Authority seeking an underwriter pool (RFP, proposals due May 11, 2026) to place up to $500 million in General Airport Revenue Bonds across two series; the City of Dallas soliciting Commercial Paper Liquidity Providers for three capital programs totaling up to $775 million authorization (RFP, proposals due May 22, 2026); the Texas Comptroller procuring ACH services for statewide tax collections and agency payments (RFP 240k, proposals due May 19, 2026); and the Teacher Retirement System of Texas seeking Private Markets Technical Services to deliver private equity and alternative asset research and analytics (RFP TRS000660, proposals due June 4, 2026). Investment banking, treasury management, audit services, and compliance advisory dominate the work pipeline; opportunities cluster around debt refinancing cycles, system modernization, and federal grant administration (Inflation Reduction Act energy rebate monitoring, TANF and SNAP analysis, Ryan White 340B audits). Competition is active and technical qualifications are heavily weighted relative to price.