BidIdaho Guidelines
(Amended 7/14/2015)

BidIdaho is an innovative and efficient means for investing in certificates of deposit. The program is designed to provide eligible Idaho financial institutions with the opportunity to interactively compete for State of Idaho investment dollars semi-annually.

Bids will be accepted online at www.BidIdaho.com on the third Wednesday of every January and July for funding on the following business day. The auctions will begin at 10:00 a.m. and end at 10:30 a.m. Grant Street Group will send out a notification of the amount available for six (6) month certificates of deposit prior to the scheduled semi-annual auction.

Registration and Entry to Auction

• Bidders must register with BidIdaho. To register, bidders should go to the BidIdaho web site. Upon registering, bidders will receive a BidIdaho password and will be responsible for protecting the confidentiality of the password.

• Registered bidders must request and receive admission to an auction to submit bids. The State Treasurer reserves the right to deny access to any BidIdaho auction to any bidder, at any time and for any reason whatsoever, in its sole discretion.

• Banks participating in the BidIdaho Auction must be registered with the Idaho State Treasurer's Office as a State Depository.

  Deposits placed with Idaho State Depositories will be based on their Fed FIS bank rating. The Fed FIS bank rating service provides a completely independent, unbiased rating of an institution's financial stability.

  The following grid is a breakdown of how funds will be allocated:

  FED FIS Rating	Maximum Deposit Allowed
  1.94 - 0.00	$10,000,000
  2.79 - 1.95	$5,000,000
  3.29 - 2.80	$1,000,000
  3.69 - 3.30	$500,000
  5.0 - 3.70	FDIC Insurance Limit

• If your financial institution is currently under a formal enforcement action related to the safety and soundness of your institution by a state or federal financial institution regulator, you will not be allowed to bid in the auction.

• The minimum bid is $100,000.00. Bids may increase in increments of $50,000.00.

• The minimum rate will be set to the current CME Term SOFR six (6) month rate and will be displayed on the auction page prior to the auction. Bids below the minimum rate will not be accepted.

• Multiple bids from the same bidder are permissible. Each bidder may make up to five bids. There is no limit as to the number of times a bid may be updated/changed.

• Settlement date is the next business day following the auction and will be displayed on the auction page.

• Maturity date will be displayed on the auction page.

• Winning bidders will be assessed a fee equal to .025% of the principal amount of the certificates of deposit awarded. Such fee will be payable to Grant Street Group by ACH debit two business days following the auction. Completion of the ACH Debit Authorization on the Confirmation Page represents winning bidders authorization for Grant Street Group to debit their account. Failure to make timely payments of the Grant Street Group fee will result in exclusion from subsequent auctions.

• If qualified bids submitted in the same auction by the same or different bidders result in a tie, the first bid submitted prevails. Any change to a bid constitutes a new bid.

• Winning bidders must confirm their award per the instructions on the Confirmation Page immediately after the auction ends.

Certificate of Deposit Requirements

• Interest on the certificate of deposit will be calculated on a 365 per diem basis using the actual number of days ((principal amount times the rate) divided by 365 multiplied by the actual number of days).

• CDs should be registered as follows:

  Idaho State Treasurer's Office 700 West Jefferson, Suite 126 Boise, ID 83702 Tax ID# 82-6001011

• The State Treasurer reserves the right to reject any BidIdaho bid for any reason at his discretion. The State Treasurer also reserves the right to award a portion of a bank's bid subject to the minimum and multiple amounts described above.

• Each bidder must acknowledge that he or she has read amendments to the Guidelines in each auction and indicate their agreement with the amendment electronically in order to enter the auction.

• Submitted bids must also be verified. The bidder understands that in verifying the bid, the bidder has made a formal offer.

• Bids that generate error messages are not accepted until error is corrected and bid is resubmitted. Error messages will indicate the reason for the error such as in the instance in which the bidder has entered a bid that is lower than the minimum bid requirement.

• The bidder understands that the submitted bid may initially be a leading bid, but may be replaced by other more competitive bids throughout the auction. Bidders will know immediately if their bid continues to be a winning bid by updating their bids. A bid's status when "in the money" may change at any given time due to new bids by other bidders. It is the responsibility of the bidder to update his or her bid status. There is no limit to the number of times a bid may be updated.

• A bidder submitting a winning bid is irrevocably obligated to provide the certificate of deposit at the specified rate, amount and maturity, if acceptable to the State Treasurer, as herein set forth. The bidder understands that an award has not been made until posted on the Results Page on the BidIdaho site. Discrepancies should be reported to the Investment Division of the State Treasurer's Office at 208-332-2955 or 208-332-2989 within 15 minutes of the posting of the Results Page.

• In the event of a web site failure, the auction will be attempted at the top of every hour the day of the scheduled auction between the hours of 10:00 a.m. and 4:00 p.m. In the event that the auction is not completed on the scheduled day, the next attempt will be 10:00 a.m. the next business day. The State Treasurer will inform registered bidders of a change in the bidding format via phone, fax, or e-mail.

• The Grant Street Group software, supplied by Grant Street Group, used in connection with this web site serves only as a medium through which the BidIdaho auctions are conducted. Grant Street Group is not liable or responsible for the terms, rates, or any other condition by which financial institutions are awarded deposits. Grant Street Group is not responsible for any defect or inaccuracy in the Guidelines as they appear on the BidIdaho web site.

• Neither the State Treasurer nor Grant Street Group is responsible for technical difficulties that result in the loss of bidders' Internet connection with BidIdaho, slowness in transmission of bids or other technical problems. Neither the State Treasurer nor Grant Street Group is responsible for individual computer failures. In the event of a computer failure, bidders may contact the State Treasurer's Office at 208-332-2955 or 208-332-2989 for possible alternate bidding options.

• This web site is provided "as is" without warranty whatsoever. Grant Street Group hereby disclaims any and all warranties, including without limitation any implied warranties of merchantability and/or fitness for a particular purpose.

• In no event will Grant Street Group be liable for indirect, special, incidental, economic, cover, consequential, tort or other damages (including without limitation damages or costs relating to the loss of profits, business, goodwill, data or computer programs, even if advised of the possibility of such damages), without regard to the legal theory of such damages, arising out of the use of or inability to use this web site.

• Bidder accepts and agrees to abide by all terms and conditions specified in the Guidelines.