Department of the Treasury Awarded a Contract to STONEX FINANCIAL LTD for $10,000,000,000.00

Summary of Award

STONEX FINANCIAL LTD has been awarded a contract by the Department of the Treasury, United States Mint, with the contract ID "CONT_IDV_2031JG20D00010_2044" and PIID "2031JG20D00010". This contract falls under the category of an indefinite delivery/indefinite quantity (IDV) contract, specifically for the purchase of gold bullion bars. The contract was signed on June 4, 2020, with a total obligation of $10,000,000,000 for the base and all options.

The contract specifically involves the acquisition of precious metals primary forms under product or service code 9660, within the nonferrous metal (except aluminum) smelting and refining industry (NAICS code 331410). The nature of the contract was negotiated through a proposal/quote process and involved full and open competition, with six offers received. No set-asides were utilized in this contract, and the award was made to a foreign-owned business not incorporated in the U.S.

The recipient of the contract, STONEX FINANCIAL LTD, is located in London, United Kingdom. It is part of the parent entity INTL FCSTONE LTD and operates within various business categories, including being a foreign-owned and not designated as a small business. The recipient's address is listed as 1st Floor, Moor House, 120 London Wall, London, with a zip code of EC2Y 5ET. The funding agency for this contract is the Department of the Treasury, with the awarding agency being the United States Mint. The contract's period of performance is from June 4, 2020, to March 30, 2040, with a last modified date of July 31, 2023. The contract's total financial outlay was $5,073,108,885.86, with account outlays by code "Q" amounting to the same figure. The transaction data associated with this contract was not provided in the JSON response. In summary, STONEX FINANCIAL LTD, a foreign-owned business based in the UK, secured a significant contract to supply gold bullion bars to the United States Mint on an indefinite delivery/indefinite quantity basis. The contract was competitively awarded and involves the acquisition of precious metals primary forms, reflecting the strategic procurement decisions made by the Department of the Treasury to ensure a stable supply chain for essential commodities.