Fiscal Agent Service
Location:
Benton, Louisiana, United States
Posted on:
Deadline:
Summary:
Fiscal agent services are required for a government body in Benton, Louisiana, including deposit management, online banking, and monthly reporting on pledged securities.
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This RFP seeks a qualified vendor to provide fiscal agent services for a government authority in Benton, Louisiana. The selected financial institution will be responsible for receiving all deposits, maintaining all accounts, issuing loans, and fulfilling all obligations associated with the role of Fiscal Agent.
The institution will be required to deliver a monthly report to the Board showing the market value of all pledged securities and ensure the adequacy of these securities at all times. Additionally, the provider must offer a 'Positive Pay' system and online banking capabilities to the Board.
The contract will be valid for a period of one year.
Best-fit vendors:
• Regulated financial institution with experience serving public sector clients
• Ability to implement Positive Pay and online banking solutions
• Proven history managing pledged securities and related reporting
• Licensed to operate in Louisiana
