RFI for Custodian Banking Services

This Request for Information from the Pension Benefit Guaranty Corporation seeks feedback on requirements for global master custodian banking services including safekeeping, asset servicing, investment accounting and related functions. Respondents are asked to provide comments on requirements and performance standards related to safekeeping and securities processes, recordkeeping systems, income collection, investment performance reporting, risk analytics and disaster recovery plans. Responses are due by February 16, 2024.

The solicitation contains no set-aside designations. Respondents are asked to provide their NAICS code and up to five pages of comments on the requirements. The draft Statement of Work outlines deliverables and performance standards for custodian services over a five year base period and two five-year optional extensions, and includes monthly, quarterly and annual reporting requirements to support the PBGC's global master custody of over $100 billion in pension plan assets.