Before wiring funds, you must complete and have signed all necessary documentation to open a MOSIP account. Review the How to Join page for further details. Once we have confirmed to you that your account is open, please notify us of the amount to be sent and the name of the bank sending the funds. Funds should be wired to MOSIP before 1 p.m. Central time.
Getting Started with MOSIP
Participation in MOSIP is open to Missouri units of local government. To invest with the Pool, please complete the below steps. If you have questions regarding the documents needed, or help setting up your Connect account, please contact CSGMWW@pfmam.com
Step 1
Determine your eligibility to join MOSIP.
MOSIP provides investment services for the following:
- School Districts – urban, metropolitan and seven director (RSMo §165.051)
- Municipalities – Cities of the third and fourth classes. Charter cities may be eligible depending on charter authority.
- Fire Districts (Chapter 321)
- Ambulance Districts (Chapter 190)
- Water Districts (Chapter 247)
- County Sewer Districts (Chapter 249)
- Metropolitan Sewer Districts (Chapter 204) – only eligible if they have created a sewer sub district (otherwise lacking taxing power).
- Counties (Chapter 110, RSMo)
- Community Colleges (Chapter 174.700.1, RSMo)
- Universities (Chapter 174.700.1, RSMo)
For further guidance, or for the specific statutory reference that relates to your specific municipality or district, contact a MOSIP Program representative.
Step 2
Read the Program’s Information Statement & Intergovernmental Agreement
Membership in the Program requires action. Read and understand the guiding principles of the Program, including additional services available, fees, MOSIP’s investment offerings, and more.
Step 3
Have your Governing Body Adopt a Resolution/Ordinance as applicable
If needed, ensure that proper procedures are followed to adopt an ordinance or resolution to allow for joining the Program.
Step 4
Complete and provide the required documentation
Complete and return the following forms:
- New investor account application
- IRS Form W-9
- Intergovernmental Cooperation Agreement (with executed last page)
- Investment advisory account application
Once your account is confirmed and opened, you can contact Client Services at 1-877-MY-MOSIP (1-877-696-6747) to schedule a purchase/deposit or redemption/withdraw.
Frequently Asked Questions
You may withdraw funds from your account(s) by (i) initiating a requisition for a wire transfer or ACH transfer online, (ii) telephoning 1-877-MY-MOSIP (1-877-696-6747), or (iii) writing a check to a third party, provided you have a MOSIP checking account.
Contact a MOSIP representative. Before the closing date, return your completed registration forms with bond documents (Official Statement, Non-Arbitrage Certificate, Closing Memorandum, Trust Indenture, Resolution), via mail or fax to Client Services (888-535-0120). Once we confirmed to you that your account is open, funds should be wired to MOSIP before 1 p.m. CT; please notify us of the amount to be sent and the name of the bank sending the funds.
There are two options for electronic funds transfer available to MOSIP investors:
Same-Day Wire Transfer – Funds can be transferred by wire or from a MOSIP account. Wire instructions for transfers can be found on Connect. For incoming transfers, you must instruct your financial institution to send the funds to MOSIP. For outgoing transfers, the MOSIP client service team will initiate the transfer. In either case, MOSIP must be notified by 1 p.m. CT for the funds to transfer/credit the same day. MOSIP has no service charge or fee for this service.
Next-Day Transfer – Next Day Transfer utilizes the Federal Reserve’s Automated Clearing House (ACH) system. Funds are transferred overnight and are available in the designated account the next business day. Requests to transfer funds must be received by MOSIP via phone, fax, or online access by 3 p.m. central time. The Next-Day Transfer Form must be completed in advance and takes approximately 10 business days to process.
View your account information online through Connect or contact a MOSIP representative at 1-877-MY-MOSIP (1-877-696-6747).
Account information is available through the Connect Account Access link on this website. If you are a first-time user, please submit a Contact Record Form. Once received by MOSIP, please allow two (2) business days for setup before you begin accessing your account information.
Arbitrage is the profit from investing tax-exempt debt financing proceeds in higher yielding taxable securities. These excess earnings must be rebated to the federal government unless certain requirements are met. For further information on arbitrage, click here.
To qualify for exemption from rebate under the six-month spending exception, all gross proceeds and investment earnings thereon must be spent within six months of the issue date.
The 18-month exception requires that all proceeds and investment earnings thereon must be spent as follows:
- 15% within the six (6) months of issue date
- 45% within 12 months of issue date
- 75% within 18 months of issue date
- 100% (less reasonable retainage”) within 24 months of issue date
Yes, you can complete the registration forms online to expedite the information delivery. However, you must print the complete and have appropriate individuals sign the forms and forward original documents to MOSIP by mail.
Mail originals to:
MOSIP Client Services
P.O. Box 11760
Harrisburg, PA
17108-1760
You will need to provide us with written notification of the change. You may complete the registration form for these updates. Please note on the form that this is an update and to amend our current instructions.
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