Silicon Valley Clean Energy (SVCE) is seeking a custodial bank to provide high quality custodial banking services for SVCE's portfolio. SVCE, along with its investment advisor, PFM Asset Management (PFMAM), will be transitioning a portion of its reserves from current bank-held accounts to appropriate investment funds. Currently, SVCE's cash balance for investment is $110 million USD. The custodial bank will provide services including receipt and holding of securities, settlement of securities transactions, processing of security purchases/sales/calls/maturities, collection of investment income, accounting services including GASB requirements, investment reporting services, creation and maintenance of records, ability to maintain separate custody accounts for short-term and long-term portfolios, and provide an overnight investment vehicle (sweep) that complies with California Government Code. The selected firm will provide these services for a three-year initial term with the option to extend for two additional years.