Information Regarding Country Risk. To aid Customer in its determinations regarding Country Risk, Bank shall furnish annually and upon the initial placing of Financial Assets and cash into a country the following information (check items applicable):
Information Regarding Country Risk. 1. To aid Customer in its determinations regarding Country Risk, Bank shall furnish annually and upon the initial placing of Financial Assets and cash into a country the following information (check items applicable):
A. Opinions of local counsel concerning:
_X_ i. Whether applicable foreign law would restrict the access afforded Customer’s independent public accountants to books and records kept by an eligible foreign custodian located in that country.
_X_ ii. Whether applicable foreign law would restrict the Customer’s ability to recover its Financial Assets and cash in the event of the bankruptcy of an Eligible Foreign Custodian located in that country.
_X_ iii. Whether applicable foreign law would restrict the Customer’s ability to recover Financial Assets that are lost while under the control of an Eligible Foreign Custodian located in the country.
B. Written information concerning: _X_ i. The foreseeability of expropriation, nationalization, freezes, or confiscation of Customer’s Financial Assets. _X_ ii. Whether difficulties in converting Customer’s cash and cash equivalents to U.S. dollars are reasonably foreseeable.
C. A market report with respect to the following topics:
(i) securities regulatory environment, (ii) foreign ownership restrictions, (iii) foreign exchange, (iv) securities settlement and registration, (v) taxation, and (vi) depositories (including depository evaluation), if any.
2. To aid Customer in monitoring Country Risk, Bank shall furnish Customer the following additional information: Market flashes, including with respect to changes in the information in market reports.
Information Regarding Country Risk. To aid the Board in its determinations regarding Country Risk, Delegate will furnish Board annually with respect to the jurisdictions specified in Article 3, the following information:
Information Regarding Country Risk. To aid Customer in its determinations regarding Country Risk, X.X. Xxxxxx shall furnish annually, and upon the initial placing of Financial Assets and cash into a country, the following information:
Information Regarding Country Risk. To aid the Board in its determinations regarding Country Risk, Delegate will furnish Board annually with respect to the jurisdictions specified in Article 3, the following information:
1. Copy of Addenda or Side Letters to Subcustodian Agreements
2. Legal Opinion, if available, with regard to:
a) Access to books and records by the Trust's accountants
b) Ability to recover assets in the event of bankruptcy of a custodian
c) Ability to recover assets in the event of a loss
d) Likelihood of expropriation or nationalization, if available
e) Ability to repatriate or convert cash or cash equivalents
3. Audit Report
4. Copy of Balance Sheet from Annual Report
5. Country Profile Matrix containing market practice for:
a) Delivery versus payment
b) Settlement method
c) Currency restrictions
d) Buy-in practice
e) Foreign ownership limits
f) Unique market arrangements
Information Regarding Country Risk. To aid the Fund in its determinations regarding Country Risk, Bank will furnish Board annually with respect to the jurisdictions specified in paragraph 2, the following information:
Information Regarding Country Risk. 1. To aid Customer in its determinations regarding Country Risk, J.P. Morgan shall furnish annually, and upon the initial placing of Financial Assets and cash into a country, the following information:
A. Opinions of local counsel concerning:
i. Whether applicable foreign law would restrict the access of Customer’s independent public accountants to books and records kept by a Subcustodian located in that country which pertain to the Customer’s account.
ii. Whether applicable foreign law would restrict Customer’s ability to recover its Financial Assets and cash in the event of the bankruptcy of a Subcustodian located in that country.
iii. Whether applicable foreign law would restrict Customer’s ability to recover Financial Assets that are lost while under the control of a Subcustodian located in the country.
iv. Whether applicable foreign law would restrict the Customer’s right as foreign investors to convert Customer’s cash or cash equivalents into U.S. dollars which have not yet been invested in securities.
B. A market profile with respect to the following topics:
(i) securities regulatory environment, (ii) foreign ownership restrictions, (iii) foreign exchange, (iv) securities settlement and registration, (v) taxation, and (vi) securities depositories (including depository risk assessment), if any.
2. To aid Customer in monitoring Country Risk, J.P. Morgan shall furnish board the following additional information:
Information Regarding Country Risk. The Custodian shall provide to the Board (and, in accordance with Proper Instructions, its duly-authorized agents) reports advising the Fund promptly after any change in the foreign custody arrangements of the Fund involving a Mandatory Securities Depository. The Custodian will act in accordance with Proper Instructions with respect to the liquidation or other withdrawal of Foreign Assets from a Mandatory Securities Depository. In the event that the Foreign Custody Manager shall in the future offer review or other information services with respect to Mandatory Securities Depositories other than as set forth herein, it agrees that it shall notify the Fund thereof and negotiate in good faith with the Fund with respect thereto.
Information Regarding Country Risk. 1. To aid Customer in its determinations regarding Country Risk, Bank shall furnish annually and upon the initial placing of Financial Assets and cash into a country the following information (check items applicable):
A. Opinions of local counsel concerning:
X i. Whether applicable foreign law would restrict the access afforded Customer’s independent public accountants to books and records kept by an eligible foreign custodian located in that country.
X ii. Whether applicable foreign law would restrict Customer’s ability to recover its Financial Assets and cash in the event of the bankruptcy of an Eligible Foreign Custodian located in that country.
X iii. Whether applicable foreign law would restrict Customer’s ability to recover Financial Assets that are lost while under the control of an Eligible Foreign Custodian located in the country.
B. Written information concerning:
X i. The foreseeability of expropriation, nationalization, freezes, or confiscation of Customer’s Financial Assets.
X ii. Whether difficulties in converting Customer’s cash and cash equivalents to U.S. dollars are reasonably foreseeable.
C. A market report with respect to the following topics:
(i) securities regulatory environment, (ii) foreign ownership restrictions, (iii) foreign exchange, (iv) securities settlement and registration, (v) taxation, and (vi) depositories (including depository evaluation), if any.
2. To aid Customer in monitoring Country Risk, Bank shall furnish JPMFM the following additional information: Market flashes, including with respect to changes in the information in market reports. J.X. Xxxxxx Last Updated September 19, 2010 AGENT AND CASH NETWORK (WSS CUSTODY) ARGENTINA HSBC Bank Argentina S.A. HSBC Bank Argentina S.A. Florida 200, 0xx Xxxxx Xxxxxx Xxxxx 0000 Xxxxxx Xxxxx XXXXXXXXX AUSTRALIA JPMorgan Chase Bank, N.A.** Australia and New Zealand Banking Group Ltd. Lxxxx 00 Xxxxxxxxx AAP Center 200, Xxxxxx Xxxxxx Sydney NSW 2000 AUSTRALIA AUSTRIA UniCredit Bank Austria AG J.X. Xxxxxx AG Jxxxxx Xxxxxxx Xxxxx - 3 Frankfurt A-1090 Vienna AUSTRIA BAHRAIN HSBC Bank Middle East Limited National Bank of Bahrain 1st Floor, Building No 2505, Road No 2832 Manama Al Seef 428 BAHRAIN BANGLADESH Standard Chartered Bank Standard Chartered Bank 18-20 Motijheel C.X Xxxxx Xxx 000 Xxxxx-0000 XXXXXXXXXX XXXXXXX ABN AMRO Bank N.V. J.X. Xxxxxx AG Gxxxxx Xxxxxxxxxx 00 Xxxxxxxxx 0000 PP Amsterdam THE NETHERLANDS BERMUDA The Bank of Bermuda Limited The Bank of Bermuda Limited 6 Xxxxx X...
Information Regarding Country Risk. To aid Fund’s investment adviser in its determinations regarding Country Risk, Delegate will furnish Fund’s investment adviser annually with respect to the jurisdictions specified in Article 3, the following information:
