DFC Master Custody Agreement

DFC Master Custody Agreement

Purpose:

DFC is seeking a firm to enter a Basic Ordering Agreement / Basic Purchase Agreement to provide program-specific acquisition support services to the offices of the U.S. International Development Finance Corporation (DFC), which are needed to allow for the timely and efficient award of new or recompeted requirements, while avoiding any lapse of mission-essential support services.

Background:

The U.S. International Development Finance Corporation (DFC) 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 makes America a stronger and more competitive leader on the global development stage, with greater ability to partner with allies on transformative projects and provide financially sound alternatives to state-directed initiatives that can leave developing countries worse off. DFC's investments focus on impactful global development, advancing U.S. foreign policy, and generating returns for American taxpayers.

Objectives:

DFC may acquire various securities in conjunction with its investment activities and is seeking a custodian to hold these securities as it cannot have an account with any financial market infrastructure (FMI) company.

The ideal financial institution would hold securities on behalf of DFC, work with clearinghouses to process transactions, transfer DFC assets to the U.S. Treasury, and would be capable of providing services across developed and emerging markets. Additionally, DFC will likely require assistance with compliance reporting.

Key Tasks may include:

1. Provide custody services for across multiple markets;

2. hold assets in a custody account established in the name of DFC; and

3. Receive, accept, and record all assets delivered by DFC and deliver them to DFC’s project investments (or their Fiscal Agent) and receive, accept, and record all assets delivered by DFC’s project investments (or their fiscal agent) and deliver them to DFC’s account with the U.S. Treasury Department.

4. SWIFT messaging services

5. Tax and Regulatory Compliance reporting

This is not a solicitation for proposals; however, a solicitation is anticipated in the near future.

Interested firms may submit question and/ or capability statements to Mr. Michael Pasquella at Michael.Pasquella@dfc.gov.