The Colorado Statewide Investment Program (the “Program”) is an investment program that provides Colorado local governments with tools for meeting their cash flow and investment needs. The Program also offers educational resources, market reports and arbitrage rebate compliance services.  Investments are offered through the Colorado Statewide Investment Pool (“CSIP”), a local government investment pool authorized under 24-75-701 et. seq. of the Colorado Revised Statutes. 

CSIP offers a fully liquid, variable rate investment option known as the CSIP Liquid Portfolio, and the ability for participants to invest in shares of fixed-rate, fixed-term investments through the CSIP Term Portfolio. Investments in the CSIP portfolios seek to comply with those authorized under 24-75-601 et. seq. of the Colorado Revised Statutes.

Both the CSIP Liquid Portfolio and the Term Portfolio can be utilized for many types of government funds including general funds, operating funds, bond proceeds, debt service funds, operating reserves and debt service reserve funds.

CSIP Liquid Portfolio Highlights  

• A short-term portfolio rated AAAm by Standard & Poor's¹ and AAAmmf by Fitch Ratings²  
• Daily liquidity  
• 12:00 noon, Mountain Time, same-day wire transaction deadline  
• 2:00 p.m. Mountain Time, next-day ACH transaction deadline  
• Online transaction and reporting access available all the time  
• No account minimum  
• Availability to establish multiple accounts and multiple standing wire and ACH instructions  
• Online transaction capability 
• Unlimited investments and redemptions  
• Arbitrage rebate compliance services for bond proceeds invested in CSIP     

CSIP Term Portfolio Highlights   

• A fixed-rate fixed-term portfolio rated AAAf by Fitch Ratings³   
• A variety of investment dates available to meet your specific cash flow needs  
• Investments offered for maturity dates from 60 days to one year   
• Investment principal and interest paid at maturity  
• 12:00 noon Mountain Time, same-day investment deadline 
• Online reporting access available  
• $500,000 minimum initial investment, $100,000 subsequent minimum investment and $100,000 account minimum 
• Automatic sweep of principal and interest into the CSIP Liquid Portfolio     

For More Information   

To learn more about how CSIP can meet your needs, please call Chris Blackwood at 303-467-1114 or one of the other  Marketing Representatives.

¹ Standard & Poor's fund ratings are based on analysis of credit quality, market price exposure, and management. According to Standard and Poor's rating criteria, the AAAm rating signifies excellent safety of investment principal and a superior capacity to maintain a $1.00 per share net asset value. However, it should be understood that the rating is not a "market" rating nor a recommendation to buy, hold or sell the securities. For a full description of rating methodology, visit Standard & Poor's Standard & Poor's.   

² The rating reflects Fitch Ratings (“Fitch”) review of the pool’s investment and credit guidelines, credit quality, diversification, and liquidity profile, as well as the capabilities of PFM Asset Management LLC to manage the assets of the pool. The AAAmmf rating assigned to the portfolio indicates an extremely strong capacity to achieve the investment objectives of preserving principal and providing liquidity through limiting credit, market, and liquidity risk. For a full description of rating methodology, visit www.fitchratings.com.

 ³ The AAAf rating reflects Fitch Ratings’ (“Fitch”) review of the Term program’s investment and credit guidelines, the portfolio’s credit quality and diversification, as well as the capabilities of PFM Asset Management LLC as investment adviser. It indicates the highest underlying credit quality (or lowest vulnerability to default). However, it should be understood that this rating is not a “market” rating nor a recommendation to buy, hold or sell the securities. For a full description on rating methodology visit www.fitchratings.com.  

FAF Daily Bulletin