5-Written Procedures Verification_Attachment 5.docx
DOCX document 22 KB Posted
- Attached to
- Custodian Banking Services Federal contract opportunity
- Solicitation number
- PBGC01-RP-14-0007
- Issued by
- Pension Benefit Guaranty Corporation
About this file
RFP Attachment 5
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Other files for this federal contract opportunity
| File | Type | Posted |
|---|---|---|
| Custodian_Banking_Services___Response_to_Questions_Part_2.docx | DOCX document | |
| PBGC01-RP-14-0007_Amendment_02_Conformed.pdf | ||
| List_of_Amendment_02_Changes.docx | DOCX document | |
| B-Pricing_Schedule_9Apr14_Final.docx | DOCX document | |
| RP-14-0007_Amendment_1_Conformed.pdf | ||
| CID_Exhibit_M.pdf | ||
| B-Pricing_Schedule_7Apr14_Final.docx | DOCX document | |
| List_of_Amendment_01_Changes.docx | DOCX document | |
| CID_Exhibits_List_Attachment_3.docx | DOCX document | |
| CID_Exhibit_N.pdf | ||
| Final_Responses_to_Custodian_Banking_Services.docx | DOCX document | |
| FOD Exhibits List_Attachment 2.docx | DOCX document | |
| CID Exhibits List_Attachment 3.docx | DOCX document | |
| PBGC01-RP-14-0007_Cutodian_Banking_RFP_FINAL.pdf | ||
| Binder1_all FOD docs.pdf | ||
| 1-Definitions_Attachment 1.docx | DOCX document | |
| 6-Past_Performance_Questionnaire_Attachment 6.doc | DOC document | |
| 4-Mandatory Requirements_Attachment 4_19Mar14.docx | DOCX document | |
| Binder1_all CID Exhibits.pdf |
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Text version
Attachment 5 Procedures, Processes, and Policies Verification
In accordance with Section 3.2 of the Statement of Work, the Custodian Bank shall have written procedures, processes, and policies for recurring custodian accounting support services. The offeror shall state if they have or will have these written procedures in place no later than ninety (90) days after contract award. Please verify this information by marking the appropriate box below and providing an authorized signature on this document with the submitted proposal.
Written Procedures:
| Have | Will Have | ||
| Pricing and maintaining holdings for alternative investments (private equity, real | estate funds, etc.) including the frequency of pricing and pricing sources; |
| Have | Will Have | ||
| Accessing and applying exchange rates for all types of transactions and position | |||
| valuations; |
| Have | Will Have | |
| Tax lot accounting and reporting procedures including all purchase cost options | ||
| using average cost for U.S. and non-U.S. securities; |
| Have | Will Have | |
| Establishing entitlements and automated accruals for dividends and interest | ||
| posted to PBGC accounts; |
| Have | Will Have | |
| Calculating with accuracy and timeliness receipts of US and non-US income and | ||
| capital changes reported by your depositories, agents, and sub-custodians; |
| Have | Will Have | |
| Monitoring and resolving income suspense and unclaimed income amounts; and |
| Have | Will Have | |
| Ensuring reported data is valid and accurate. |
Written process:
| Have | Will Have | |
| To reverse accruals and correct any accounting errors including but not limited to | ||
| correcting acquisitions, processing expense payments for trusteed plans upon – | ||
| Date of Trusteeship (“DOTR”). |
| Have | Will Have | |
| To validate prices when using information from the supplemental sources and a | ||
| policy for securities which are not traded daily, including those which are hard to | ||
| value. |
| Have | Will Have | |
| To make available historical data. Historical accounting data shall be available | ||
| on-line for PBGC’s current and prior fiscal year and additional history shall be | ||
| restored for electronic or hardcopy access upon request. | ||
| Have | Will Have | |
| To reconcile and track the frequency of various reconciliations with depository, | ||
| IMs, sub-custodian banks, and other Custodian Banks. |
Written Policy:
| Have | Will Have | |
| For each country in which clients invest (including the US), including but not | ||
| limited to crediting income payments in same day funds, interest and dividends, | ||
| when payments are credited, and exceptions. |
| Have | Will Have | |
| For maintaining all necessary internal controls, including complete documentation | ||
| on all custodian activities, and maintain records in accordance with GAAP, | ||
| including double entry accounting. |
The Custodian Bank shall make available, all identified in this contract, written procedures, processes, and or policies to PBGC within thirty (30) calendar days upon written request.
I certify that (Custodian Bank Name) either have or will have within 90 days of contract award all the written procedures, processes, and policies in accordance with Section 3.2 of the Statement of Work which are listed here within.
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