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Deliverable Number
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Commodity/Service Type
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Major Deliverable
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Method of Payment
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Securities and commodities markets services
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The Contractor shall remit to DFS the interest, dividends or any other receipts occurring on a month...
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Revenue Generating
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| Major Deliverable: The Contractor shall remit to DFS the interest, dividends or any other receipts occurring on a monthly basis.
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: The Contractor shall remit to DFS the interest, dividends, and any other receipts occurring on a monthly basis, no later than five (5) Business Days following the end of each month unless otherwise agreed upon by the Contractor and DFS. The proceeds from the sale of Securities shall be promptly remitted to DFS in the form of a check or EFT, within five (5) Business Days of the settlement of the sale along with a listing of the issue name(s), CUSIP Number(s), number of shares sold and the net proceeds for the issue(s). |
| Financial Consequences: For failure to process the remittance in the time frames established, liquidated damages of $100 per Calendar Day shall apply according to Statement of Work section 2.8.5.
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| Source Documentation Page Reference: 48 |
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Securities and commodities markets services
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The Contractor shall submit documentation identifying all amounts deducted from the proceeds of the ...
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Revenue Generating
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| Major Deliverable: The Contractor shall submit documentation identifying all amounts deducted from the proceeds of the sale of securities (examples may include, commissions, SEC fees, and transaction fees).
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: The Contractor shall submit documentation in a weekly and monthly statement to DFS within two (2) Business Days of the end of a week (week is Monday through Friday) and fifteen (15) Calendar Days of the end of each month identifying all amounts deducted from the proceeds of the sale of Securities (examples include, but are not limited to, commission, SEC fees, and transaction fees). |
| Financial Consequences: For failure to submit a complete statement in the time frames established, liquidated damages of $100 per Calendar Day shall apply according to Statement of Work section 2.8.5.
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| Source Documentation Page Reference: 48 |
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Securities and commodities markets services
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The Contractor shall be responsible for any property received which has been lost, stolen, misplaced...
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Revenue Generating
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| Major Deliverable: The Contractor shall be responsible for any property received which has been lost, stolen, misplaced or otherwise not accounted for.
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: The Contractor shall be responsible for any property received which has been lost, stolen, misplaced, or otherwise not accounted for. At DFS’ option, the Contractor shall, within three (3) Business Days, credit DFS’ account for the value of the unaccounted for property or, in the alternative, DFS may offset the value of the property against any monies due and owing to the Contractor. DFS shall establish a value for any missing property. Intangible property shall be valued as of the date the property was determined to be missing, lost, or stolen. If this date cannot be determined, the property shall be valued as of the date the property was received by DFS or the Contractor, whichever value is greater |
| Financial Consequences: For failure to credit DFS’ account within the time frame established, liquidated damages of $100 per Calendar Day shall apply according to Statement of Work section 2.8.5.
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| Source Documentation Page Reference: 47 |
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Securities and commodities markets services
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The Contractor shall provide access to its computer system to DFS’s staff or its designated agent vi...
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Revenue Generating
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| Major Deliverable: The Contractor shall provide access to its computer system to DFS’s staff or its designated agent via a direct link or through the Internet to view transactions and position in DFS’s account.
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: The Contractor shall provide access to its computer system to DFS’ staff or its designated agent via a direct link or through the Internet to view transactions and position in the DFS account. Such access shall be provided within thirty (30) Calendar Days of the effective date of the Contract. The access shall be secured and the data shall be encrypted. The link shall be established at no charge to DFS. The access shall provide for the following:
a. Acceptance of electronically transmitted instructions (if allowed by SEC regulations) to liquidate, transfer or reissue Securities as a result of an approved claim; requests for research information (i.e., market price, activity or reorganization, claim status, transactions in the account); and requests for the return or re-registration of shares.
b. Departmental capability to view its account on-line. The access will be read-only with accessibility to users both the Contractor and DFS authorize.
c. Departmental access to on-line stock and mutual fund pricing system.
d. Departmental access to monitor transactions. |
| Financial Consequences: For failure to provide the vendors computer system within the time frame established, liquidated damages of $100 per day shall apply.
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| Source Documentation Page Reference: 46 |
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Securities and commodities markets services
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The Contractor shall, to the extent directed by DFS, shall modify the data file formats to accommoda...
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Revenue Generating
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| Major Deliverable: The Contractor shall, to the extent directed by DFS, shall modify the data file formats to accommodate additions, deletions and modifications the BUP require for the processing of their securities assets.
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: The Contractor, to the extent directed by DFS, shall modify the data file formats to accommodate additions, deletions, and modifications the BUP requires for the processing of its securities assets. The Contractor will make all such modifications within thirty (30) Calendar Days of a DFS request. |
| Financial Consequences: For failure to provide the Contractor’s computer system within the time frame established, liquidated damages of $100 per day shall apply according to Statement of Work section 2.8.5.
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| Source Documentation Page Reference: 46 |
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Securities and commodities markets services
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The Contractor shall provide a year-end statement to DFS.
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Revenue Generating
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| Major Deliverable: The Contractor shall provide a year-end statement to DFS.
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: The Contractor shall provide to DFS a year-end statement as of December 31st of the account activities within thirty (30) Calendar Days after the year-end period. The statement shall include at a minimum, the following information:
a. For each issue received, the number of shares, the type of Security (common, preferred), ticker symbol, CUSIP Number and the total market value of the Security including the price per share;
b. All sales or any other type of transaction including the transfer or reissuance of assets, via DTC or in certificate form, to owners of approved claims;
c. All cash received and corresponding issues name, number of shares, dividend payment date, record date, dividend dollar value per share, and total dividend dollar value; and
d. A summary of the previous year’s activities that occurred in the account |
| Financial Consequences: For failure to provide the annual statement within the time frame established, liquidated damages of $100 per Calendar Day shall apply according to Statement of Work section 2.8.5.
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| Source Documentation Page Reference: 45 |
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Securities and commodities markets services
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The Contractor shall provide a weekly and monthly statement to DFS.
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Revenue Generating
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| Major Deliverable: The Contractor shall provide a weekly and monthly statement to DFS.
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: The Contractor shall provide a weekly and monthly statement of the account’s activities to DFS within two (2) Business Days of the end of a week (week is Monday through Friday) or fifteen (15) Calendar Days of the end of each month. The statement shall include, at a minimum, the following information:
a. For each issue received; the number of shares, the type of Security (common, preferred), ticker symbol, CUSIP Number and the total market value of the Security including the price per share.
b. All sales or any other type of transaction including the transfer or reissue of certificates to owners of claims approved by DFS.
c. All cash received and corresponding issue name, number of shares, dividend payment date, record date, dividend dollar value per share and total dividend dollar value; and
d. Commission statement / transaction costs. |
| Financial Consequences: For failure to provide the statement within the time frame established, liquidated damages of $100 per Calendar Day shall apply according to Statement of Work section 2.8.5.
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| Source Documentation Page Reference: 44 |
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Securities and commodities markets services
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The Contractor shall maintain, as the official point of contact, a bona fide office location within ...
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Revenue Generating
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| Major Deliverable: The Contractor shall maintain, as the official point of contact, a bona fide office location within the United States of America throughout the life of the Contract.
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: The Contractor shall maintain, as the official point of contract, a bona fide office location within the USA throughout the life of the contract.
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| Financial Consequences: For failure to maintain an official office location within the United States of America, liquidated damages of $100 per Calendar Day shall apply according to Statement of Work section 2.8.5.
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| Source Documentation Page Reference: 49 |
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Securities and commodities markets services
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The Contractor shall permit DFS personnel to inspect any records, papers, documents, facilities, goo...
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Revenue Generating
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| Major Deliverable: The Contractor shall permit DFS personnel to inspect any records, papers, documents, facilities, goods and services which are relevant to the contract and interview clients and employees of the Contractor to be assured of satisfactory performance of the terms and conditions of the contract.
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: Contractor shall respond to DFS within 24 hours of DFS' request.
The Contractor shall satisfactorily correct DFS’ findings within fifteen (15) Calendar Day of being notified of the shortcomings. "
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| Financial Consequences: For failure to respond within the established time frame, liquidated damages of $100 for each additional 24 hour period shall apply according to the SOW section 2.8.5.
For failure to respond within the established time frame, liquidated damages of $100 for each Calendar Day shall apply according to the SOW section 2.8.5.
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| Source Documentation Page Reference: 42 |
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Securities and commodities markets services
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The Contractor shall establish a brokerage account in the name of DFS.
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Revenue Generating
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| Major Deliverable: The Contractor shall establish a brokerage account in the name of DFS.
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: Account will be established within 20 calendar days of the effective date of the contract.
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| Financial Consequences: For failure to establish an account within the time frame stated, liquidated damages of $100 per day shall apply according to the SOW section 2.8.5.
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| Source Documentation Page Reference: 42 |
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Securities and commodities markets services
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The Contractor shall assist DFS in resolving problems arising with securities held by DFS or in its ...
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Revenue Generating
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| Major Deliverable: The Contractor shall assist DFS in resolving problems arising with securities held by DFS or in its account's.
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: The Contractor shall respond to a written request for assistance from DFS within six (6) Business Hours on the date that Contractor received the written request. Requests received after 3:30 PM must be responded to by the Contractor between 8:00 A.M. and noon of the next Business Day of DFS. |
| Financial Consequences: For failure to respond to three (3) consecutive written requests for assistance within the time frame established, liquidated damages of $100 per Calendar Day for the instance shall apply according to Statement of Work section 2.8.5.
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| Source Documentation Page Reference: 43 |
| Deliverable Number: |
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Securities and commodities markets services
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The Contractor shall assist DFS in transfer of DFS' securities from the current brokerage firm to th...
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Revenue Generating
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| Major Deliverable: The Contractor shall assist DFS in transfer of DFS' securities from the current brokerage firm to the Contractor.
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: The Contractor shall assist DFS in transferring DFS’ securities from the current brokerage firm to the Contractor within 30 calendar days of the effective date of the contract with the awarded vendor.
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| Financial Consequences: For failure to assist DFS with transferring Securities within the established time frame, liquidated damages of $100 per Calendar Day shall apply according to Statement of Work section 2.8.5.
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| Source Documentation Page Reference: 43 |
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Securities and commodities markets services
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The Contractor shall provide for the redemption of bonds at maturity including coupons.
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Revenue Generating
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| Major Deliverable: The Contractor shall provide for the redemption of bonds at maturity including coupons.
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: The Contractor Shall provide for the redemption of bonds at maturity including coupons. The Contractor shall collect and remit the proceeds of the bond redemptions to DFS no later than five (5) business days following the receipt of funds.
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| Financial Consequences: For failure to respond to collect and remit proceeds of bonds redemptions within the established time frame, liquidated damages of $100 per Calendar Day shall apply according to Statement of Work section 2.8.5.
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| Source Documentation Page Reference: 43 |
| Deliverable Number: |
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Securities and commodities markets services
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The Contractor shall establish an interesting bearing account, in the name of DFS, for use solely in...
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Revenue Generating
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| Major Deliverable: The Contractor shall establish an interesting bearing account, in the name of DFS, for use solely in providing online transactions to DFS.
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: The Contractor shall establish an interest bearing account, in the name of DFS, for use solely in providing services to DFS within thirty (30) Calendar Days of the effective date of the Contract.
All cash received by the Contractor must be deposited in an interest bearing account, in the name of DFS, earning current market rates. The interest earned shall be paid monthly, unless otherwise agreed upon by the Contractor and DFS, to DFS via EFT. |
| Financial Consequences: For failure to establish an interest bearing account in the name of DFS within the time frame established, liquidated damages of $100 per Calendar Day shall apply according to Statement of Work section 2.8.5.
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| Source Documentation Page Reference: 43 |
| Deliverable Number: |
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Securities and commodities markets services
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The Contractor shall provide online transactions to DFS.
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Revenue Generating
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| Major Deliverable: The Contractor shall provide online transactions to DFS.
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| Deliverable Price: $0.00 |
| Non Price Justification: Revenue Generating Agreement |
| Performance Metrics: The Contractor shall, within thirty (30) Calendar Days of the effective date of the Contract, provide online transactions to DFS as allowed by federal and state regulations. The Contractor must download electronic files via system-to-system and make the files available to be accessed by DFS with the current day’s transactions. The BUP will provide notices on-line to the Contractor with sale information to reissue/transfer information for claim transactions. |
| Financial Consequences: For failure to provide online transactions within the time frame established, liquidated damages of $100 per Calendar Day shall apply according to Statement of Work section 2.8.5.
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| Source Documentation Page Reference: 44 |
| Deliverable Number: |
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