Global Custodial Services
Closed Solicitation Posted
- Solicitation number
- 77344426Q0057
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities
- PSC
- R710 Support- Management: Financial
- Place of performance
- Washington, District of Columbia 20527, United States
Notice details come from SAM.gov. Updated .
About this opportunity
The International Development Finance Corporation seeks a global custodian bank to hold and manage securities acquired through its investment activities, with proposals due May 18, 2026 at 10:00 AM Eastern Time. No set-aside applies.
Place of performance is at the vendor's financial institution, with administrative oversight at DFC headquarters in Washington, DC. Immediate custody operations must cover India, Australia, and Brazil. The custodian will hold a current portfolio valued at approximately $42 billion as of December 31, 2025, with priority custody needs for approximately $650 million in equity securities, fund investments, debt securities, and other instruments. DFC anticipates significant portfolio growth given its newly authorized $205 billion capital limit and expanded equity investment authorities; vendors must price services accordingly while recognizing future scaling needs.
Required services include custody of debt instruments, equity securities (stocks and warrants), settlement of securities transactions, asset receipt and recording, fund transfers to the U.S. Treasury via SWIFT or FEDWIRE, regulatory and tax filings, proxy voting, profit repatriation, transaction validation and settlement with brokers and clearinghouses, and jurisdiction-specific compliance. Services must cover globally traded, over-the-counter, and privately placed securities. No trustee services, bespoke reporting, or audited valuations are required; public market valuations using Bloomberg, ISIN, or CUSIP are acceptable. Annual accounting of securities activity is required.
Award will be Firm-Fixed Price using unit pricing with separate contract line items for operational flexibility by account size or region. The contract structure will be either a single-award Blanket Purchase Agreement with a 5-year ordering period or a 12-month base contract with four 12-month option periods. DFC reserves the right to award to multiple vendors if a single provider cannot sufficiently cover all required geographies. Evaluation weighs technical capability and past performance approximately equally to price. NAICS 522320; PSC R710.
Notice text
The U.S. International Development Finance Corporation is the U.S. Government's developing finance institution. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. DFC invests across sectors including but not limited to energy, healthcare, critical infrastructure, and technology. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.
DFC may acquire various securities in conjunction with its investment activities and is seeking a global custodian to hold these securities as it cannot have an account with any financial market infrastructure (FMI) company.
DFC seeks to enter into an agreement with a custodian bank for support in the following:
1. Provide custodial services globally for a wide variety of securities including but not limited to: debt instruments, equity securities including stocks and warrants; such securities may be exchange traded, OTC, or private placement.
2. Hold assets and settle securities transactions on behalf of DFC.
3. Work with brokers and clearinghouses (or comparable intermediaries) to finalize transactions.
4. Receive, accept, and record all assets delivered to and from DFC’s account.
5. Transfer funds to the U.S. Treasury.
6. Provide support for DFC’s own financial reporting and all compliance with applicable tax and regulatory regimes.
7. Provide system interfaces and support to efficiently enable services.
Please see the attached solicitation for more information. In your response, please note the following:
Offerors must answer:
1. How is your global custody service structured? Is it through relationships with local custodians, direct presence, or a hybrid of both depending on country?
2. Where do you not provide services directly? Please note which countries you transact directly vs indirectly, and if needed, please note rationale.
3. Which emerging markets does your financial institution have operations in? Please provide full list of countries, and please note specific operations for countries like India, Mexico, Australia, and Brazil.
4. What types of securities can your financial institution house in a custody account?
5. What services are offered? (custody, accounting, foreign exchange, liquidity services, reporting, trust, treasury, etc.?)
6. What is the fee structure – fixed or dependent upon assets type and/or size? If dependent upon varying factors, please provide a tiered pricing schedule.
7. Development Banks or Institutions (e.g. IBRD, IFC), Development Finance Institutions (e.g. EDFI members), Public Pension Funds, and/or Sovereign Wealth Funds? Please list with a priority on current active contracts, or within the last 3 years.
8. How long will it generally take to set up a global account with your financial institution? Please provide notional or example KYC diligence requirements.
9. Any other information you would like for us to note.
Files
| File | Type | Posted |
|---|---|---|
| Sol_77344426Q0057_Amd_0005.pdf | ||
| Sol_77344426Q0057_Amd_0004.pdf | ||
| Sol_77344426Q0057_Amd_0003.pdf | ||
| Sol_77344426Q0057_Amd_0002.pdf | ||
| GCS QA v2.pdf | ||
| Sol_77344426Q0057_Amd_0001.pdf | ||
| 77344426Q0057_answers.pdf | ||
| Sol_77344426Q0057.pdf |
Similar open opportunities
| Opportunity | Agency | Set-aside | Responses due |
|---|---|---|---|
| Brokerage Account Services | International Development Finance Corporation | No set-aside |
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