Printer Friendly

NOAB Bond Trustee and Custody Services.

Tenders are invited for NOAB Bond Trustee and Custody Services.

SCOPE OF SERVICES

Bond Trustee/Paying Agent & Custody Services In order to secure the payment of the principal of and interest on all Bonds and Subordinate Obligations of the NOAB and to insure the performance of terms, conditions, stipulation, covenants and agreements under its Master Indentures and Supplemental Trust Indentures and any future a indentures, the NOAB is seeking trust and paying agent services to provide services, including but not limited to the following: (a) Establish and maintain all funds and accounts and apply bond proceeds and pledged revenues as required by each Master Indenture, Supplemental Trust Indenture and any future indentures. (b) Perform complete trustee functions for all outstanding bonds and any additional bonds issued under the Master Indentures and any future indentures, including but not limited to coordinating and executing bond redemptions, calculating interest on outstanding Bonds and Subordinate Obligations issued under each Master Indenture, and answering questions regarding the terms and obligations under the indentures. (c) Perform all the services normally associated with a bond registrar, paying agent, and tender agent for all bonds secured under each Master Indenture and any future indentures, including but not limited to, maintaining a register of bondholders, transferring bonds, replacing lost or stolen bonds, and destroying bonds. (d) Manage all funds and accounts according to the provisions of each Master Indenture and any future indentures, in compliance with federal tax law. (e) Process incoming wires and/or ACH transactions and immediately deposit the funds in the proper account and process security trades per instructions received by authorized NOAB employees. (f) Provide an automatic money market sweep vehicle for investing moneys not held under an investment agreement.etc.

Major organization : CITY OF NEW ORLEANS

Address : 900 East Airline Drive,

Louis Armstrong New Orleans International Airport, Kenner, LA 70062,

Country :United States

Email : procurement@flymsy.com

Tender notice number : 8910-01793

Notice type : Tender Notice

Open date : 2015-03-26

Tender documents : T26101531.pdf

2015 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2015 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Date:Feb 26, 2015
Words:340
Previous Article:Collection agency services.
Next Article:Analysis Of Minority And Women OWNED Business Enterprise Utilization And Local Hiring In New York City.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters