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55A - RESO - DEPOSITORY SRVS
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12/15/2015
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55A - RESO - DEPOSITORY SRVS
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Last modified
12/10/2015 4:56:37 PM
Creation date
12/10/2015 4:25:50 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55A
Date
12/15/2015
Destruction Year
2020
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Proposal fo,r thmClty of Santa Ana <br />l[�������{�����«� <br />� ][��� u <br />^ m ���u <br />Aatonding order iwan established, ne bell live order that is prepared for a predetermined amount <br />and delivered an predetermined delivery days (e.g , every Monday and Thursday) The amounts <br />may vary hy delivery day, and orders can bm delivered daily Sunday !hrou0h Saturday subject to <br />armored courier service restrictions. Depending on your company's needs, you can use one or a <br />combination of both, nf these types uforders. <br />Change orders will only be released to an approved arnriored carrier if they are picked up at one <br />of our vaults. You, tnust contract with a local armored carrier to act as your agent to transport your <br />change orders. You will need to notify J.P Morgan "/ the specific armored carrier you m/i|| use for <br />each of your locations. Change-order delivery is basedl on armored carrier commitments and is <br />typically scheduled for the following day nr within two pr three days from when the change order <br />was picked Lip mt our vau|1. <br />Security begins with JP. Morgan issuing the City two unique, confidential $yaternaccess <br />numbers for each nf your locations Access numbers should be kept ina secure place arid should <br />bwrav*m|od only io authorized associates w/|thin your organization When needed, you can <br />charge existing access numbers by contacting your client services officer. We also establish daily <br />order limits both at the relationship and location level based on your credit risk rating Finally, we <br />designed our blind-order-filling procedures to provide timeliness and accuracy in a highly <br />controlled environment. <br />The total amount of your change order processed through our automated system is debited from <br />Your aCCOUrt at J P. Morgan on the day the order is provided to your armored carrier or the day <br />before the scheduled branch pickup All fees related 10 the change order are NUed through our <br />account analysis system <br />f70,10� flnd,7he(Jdy/e('uveu/hm6oxh/nah/�amnmsep*/nft,ft)ndofvu/xx/ry/n[h0*,n�wn�oy Ax <br />poo,er*qu//emmnm.wh/chis Wbpovo//ah/*vn ono t�/hnu/000�61Thp,�/(orf 0h,0/be �n <br />/M /eNoo *//hoe/o/of,"x4Y^�j O/wconun( �, upon nr�Uc«of,hwCdyoyJhi/n�n�o�ed/equ//�m�x� <br />JP Morgan will be able to provide a safe deposit box at a branch for the City of Santa Aria's <br />flash fund. This Safe Deposit box can be utilized t" hold the cash bundles that have been <br />described by the City. Two authorized personnel from the Santa Ana police department would <br />have the ability \* access this safe deposit box for emergency situations J.P Morgan employees <br />m/|||allow the personnel tn access the area where the safe deposit boxes are held for easy <br />withdrawal <br />bkntify��ts ki the O(V /al O/nyrngm)n <br />There |a no, cost to the City for this program. <br />Page 30 <br />���� <br />�������� � <br />
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