RFP No. 267020 Investment Custodial Safekeeping and Trust Services

The State of Oregon Treasury has issued RFP No. 267020 seeking qualified financial institutions to provide comprehensive Investment Custodial Safekeeping and Trust Services. The solicitation encompasses asset custody, settlement and clearance of transactions, portfolio accounting, valuation services, reporting capabilities, and compliance with applicable regulatory requirements for the State's investment portfolio. Prospective vendors must demonstrate experience providing similar institutional-grade custody services to large institutional clients, maintain appropriate regulatory licensing and insurance coverage, and possess the technical capability to integrate with the State's existing systems and reporting requirements. The RFP requires vendors to meet specific service level requirements and performance standards while implementing a fee-based pricing structure calculated on assets under custody or transaction volumes, with details provided in the RFP pricing schedule. A bidders conference was held to clarify requirements and RFP specifications for interested parties. Proposals are due by May 1, 2026, with contract award anticipated following the evaluation process. The initial contract term includes potential renewal options to be negotiated with the selected vendor.

The RFP documents do not specify set-aside designations or restrictions limiting participation based on disadvantaged enterprise status, suggesting the solicitation is open to all qualified respondents meeting the technical and operational requirements. No incumbent vendors or current contractors are identified in the available materials. The State requires vendors to integrate with existing systems and reporting infrastructure, necessitating demonstrated technical compatibility and operational readiness. While specific award values or budget ranges are not disclosed in the summary documentation, the engagement involves managing significant institutional investment assets requiring robust operational infrastructure and financial stability from the selected custodial provider.