Exhibit h(4)
AMENDMENT TO THE TRANSFER AGENCY AGREEMENT
FOR IMPRESSNet(R) SERVICES
THIS AMENDMENT, dated as of this 11/th/ day of October, 2000 is made to the
Transfer Agency Agreement (the "Agreement") between the BT Insurance Funds
Trust, n/k/a Deutsche Asset Management VIT Funds (the "Fund") and FIRST DATA
INVESTOR SERVICES GROUP, INC., n/k/a PFPC Inc. ("PFPC").
WITNESSETH
WHEREAS, the Fund desires to enable certain authorized agents of the Fund's
management company and Shareholders to access certain Fund and Shareholder
information maintained by PFPC on behalf of the Fund on the PFPC System through
the use of the Internet and PFPC desires to allow such access and provide
certain services as more fully described below in connection therewith;
NOW THEREFORE, the Fund and PFPC agree that as of the date first referenced
above, PFPC Agreement shall be amended as follows:
1. Definitions. The following definitions are hereby incorporated into
Agreement:
(a) "Account Inquiry" shall mean any access to the PFPC System via
IMPRESSNet(R) initiated by an End-User which is not a Financial
Transaction.
(b) "End-User" shall mean any Shareholder or agent of the Fund's management
company that accesses the PFPC System via IMPRESSNet(R).
(c) "Financial Transaction" shall mean purchase, redemption, exchange or
any other transaction involving the movement of Shares initiated by an End-
User.
(d) "Fund Home Page" shall mean the Fund's proprietary web site on the
Internet used by the Fund to provide information to its shareholders and
potential shareholders.
(e) "IMPRESSNet(R)" shall mean the PFPC proprietary system consisting of
the PFPC Secure Net Gateway and the PFPC Web Transaction Engine.
(f) "PFPC Secure Net Gateway" shall mean the system of computer hardware
and software and network established by PFPC to provide access between PFPC
recordkeeping system and the Internet.
(g) "PFPC Web Transaction Engine" shall mean the system of computer
hardware and software created and established by PFPC in order to enable
Shareholders of the Fund to perform the transactions contemplated
hereunder.
(h) "Internet" shall mean the communications network comprised of multiple
communications networks linking education, government, industrial and
private computer networks.
2. Responsibilities of PFPC. In addition to the services rendered by PFPC as
set forth in the Agreement, PFPC agrees to provide the following services
for the fees set forth in the Schedule of IMPRESSNet(R) Fees attached
hereto as Schedule A of this Amendment:
(a) In accordance with the written IMPRESSNet(R) procedures and product
functionality documentation provided to the Fund by PFPC, PFPC shall,
through the use of the PFPC Web Transaction Engine and Secure Net Gateway;
(i) enable the Funds and End-Users to utilize the Internet to access Fund
information maintained by the Fund on the Fund Home Page; and (ii) enable
End-Users to utilize the Internet to access the PFPC System in order to
perform account inquiries and transactions in Shareholder accounts.
(b) Process the set up of personal identification numbers ("PIN") which
shall include verification of initial identification numbers issued, reset
and activate personalized PIN's and reissue new PIN's in connection with
lost PIN's.
(c) Installation services which shall include, review and sign off on the
Fund's network requirements, recommending method of linking to the PFPC Web
Transaction Engine, installing network hardware and software, implementing
the network connectivity, and testing the network connectivity and
performance;
(d) Maintenance and support of the PFPC Secure Net Gateway and the PFPC
Web Transaction Engine, which includes the following:
(i) error corrections, minor enhancements and interim upgrades to
IMPRESSNet(R) which are made generally available by PFPC to
IMPRESSNet(R) customers;
(ii) help desk support to provide assistance to Fund employees with
the Fund's use of IMPRESSNet(R).
Maintenance and support shall not include (i) access to or use of any
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substantial added functionality, new interfaces, new architecture, new
platforms, new versions or major development efforts, unless made generally
available by PFPC to IMPRESSNet(R) clients, as determined solely by PFPC;
or (ii) maintenance of customized features.
(e) Maintenance and upkeep of the security infrastructure and capabilities
described in the procedures and product functionality documentation.
(f) Prepare and forward a monthly usage reports to the Fund which shall
provide the Fund with a summary of activity and functionality used by and
End-Users.
3. Responsibility of the Fund. In connection with the services provided by
PFPC hereunder, the Fund shall be responsible for the following:
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(a) establishment and maintenance of the Fund Home Page on the Internet;
(b) services and relationships between the Fund and any third party on-
line service providers to enable End-Users to access the Fund Home Page
and/or the Investor Services System via the Internet;
(c) provide PFPC with access to and information regarding the Fund Home
Page in order to enable PFPC to provide the services contemplated
hereunder.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized officers, as of the day and year first above
written.
Deutsche Asset Management VIT Funds PFPC INC.
(f/k/a BT Insurance Funds Trust) (f/n/a First Data Investor Services
Group, Inc.)
By: /s/ Xxxxxx X. Xxxxxxxx By: /s/ Xxxxxxx Xxxxxxxx
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Name: Xxxxxx X. Xxxxxxxx Name: Xxxxxxx Xxxxxxxx
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Title: Assistant Treasurer Title: Vice President
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Schedule A
IMPRESSNet(R) Fees
A. Retail Version.
1. One Time Set up Fee: $15,000.00
2. Annual Maintenance Fee: $10,500.00 per annum
3. Transaction Costs:
. Account Inquiry $.10 per inquiry ($1,200.00 minimum per
month)
. Financial Transactions $.50 per transaction ($120.00 per month
minimum)
B. Brokerage Version - Not Applicable.
C. PIN Registration and Lost PIN Replacement : $2.50 per/PIN
D. Customized Development: $150 per hour
The above referenced fees do not include fees associated with third party
software products or fees associated with other PFPC products which may be
required to utilize future releases of IMPRESSNet(R).
PFPC will provide an invoice as soon as practicable after the end of each
calendar month. The Fund agrees to pay to PFPC the amounts so billed by Federal
Funds Wire within fifteen (15) business days after the Fund's receipt of the
invoice. In addition, with respect to all fees, PFPC may charge a service fee
equal to the lesser of (i) one and one half percent (1-1/2%) per month or (ii)
the highest rate legally permitted on any past due invoiced amounts.
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