Amendment Dated as of January 31, 2007 to the Mutual Fund Custody Agreement between JPMorgan Chase Bank N.A. (formerly, United States Trust Company of New York and Chase Manhattan Bank N.A.) (“JPMorgan” or “Custodian”) and Morgan Stanley Institutional...
Exhibit 99(g)(4)
Amendment Dated as of January 31, 2007 to the Mutual Fund Custody Agreement
between JPMorgan Chase Bank N.A. (formerly, United States Trust Company of
New York and Chase Manhattan Bank N.A.) (“JPMorgan” or “Custodian”) and
Xxxxxx Xxxxxxx Institutional Fund, Inc. (the “Fund”), on behalf of its portfolios
WHEREAS, The Custodian and the Fund have entered into a Mutual Fund Custody Agreement dated as of March 10,1994 (the “Mutual Fund Custody Agreement”) retaining JPMorgan to serve as the Fund’s custodian,
NOW, THEREFORE, in consideration of the premises, the parties hereto agree as follows:
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1. |
Pursuant to Section 28 of the Mutual Fund Custody Agreement, Annex 1 is hereby deleted and replaced with the Annex 1 attached hereto. |
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2. |
Pursuant to Section 28 of the Mutual Fund Custody Agreement, the fee schedule for the Custodian’s services is hereby deleted and replaced with the fee schedule attached hereto (effective October 1, 2006). |
IN WITNESS HEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective authorized officers as of the day and year first above written.
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XXXXXX XXXXXXX INSTITUTIONAL FUND, INC. |
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Attest: |
/s/ Xxxxxx Xxxxxx |
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By: |
/s/ Xxxxxx X. Xxxxxxx |
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Name: |
Xxxxxx X. Xxxxxxx |
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Title: |
President and Principal Executive Officer |
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JPMORGAN CHASE BANK, N.A. |
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Attest: |
/s/ Xxxxx Xxxxxxxxx |
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By: |
/s/ Xxxx X. Xxxxxx |
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Name: |
Xxxx X. Xxxxxx |
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Title: |
Vice President |
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Amendment to “Mutual Fund Custody Agreement” between Xxxxxx Xxxxxxx
Institutional Fund, Inc. and JPMorgan Chase Bank N.A.
Dated March 10, 1994
Pursuant to Paragraph 28 (“Amendments”) of the above-referenced Agreement, the Agreement is hereby amended as follows:
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ANNEX 1 |
Supplemental Terms and Conditions: |
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Xxxxxx Xxxxxxx Institutional Fund, Inc. including; |
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Active International Allocation Portfolio |
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Emerging Markets Debt Portfolio |
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Emerging Markets Portfolio |
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Focus Equity Portfolio |
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Global Franchise Portfolio |
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Global Real Estate Portfolio |
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Global Value Equity Portfolio |
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International Equity Portfolio |
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International Growth Equity Portfolio |
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International Magnum Portfolio |
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International Real Estate Portfolio |
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International Small Cap Portfolio |
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Large Cap Relative Value Portfolio |
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Small Company Growth Portfolio |
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Systematic Active large Cap Core Portfolio |
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Systematic Active Small Cap Core Portfolio |
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Systematic Active Small Cap Growth Portfolio |
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Systematic Active Small Cap Value Portfolio |
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U.S. Large Cap Growth Portfolio |
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U.S. Real Estate Portfolio |
In all other respects, the Custody Agreement is confirmed and shall continue to be effective.
IN WITNESS WHEREOF, the parties hereto have caused the Agreement to be executed by their officer thereunto duly authorized as of this 31 day of January, 2007. This Amendment will be effective as of January 31, 2007.
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JPMorgan Chase Bank X.X. |
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Xxxxxx Xxxxxxx Institutional Fund, Inc. |
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By: |
/s/ Xxxx X. Xxxxxx |
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By: |
/s/ Xxxxxx X. Xxxxxxxx |
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Title: |
Vice President |
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Title: |
President and Principal Executive Officer |
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THE JPMORGAN CHASE BANK
FEE SCHEDULE
FOR
XXXXXX XXXXXXX INVESTMENT MANAGEMENT
Xxxxxx Xxxxxxx Institutional Fund Trust
Xxxxxx Xxxxxxx Institutional Fund, Inc.
The Universal Institutional Funds, Inc.
The Latin American Discovery Fund, Inc.
The Malaysia Fund, Inc.
Xxxxxx Xxxxxxx Asia-Pacific Fund, Inc.
Xxxxxx Xxxxxxx Emerging Markets Fund, Inc.
Xxxxxx Xxxxxxx India Investment Fund, Inc.
The Thai Fund, Inc.
The Turkish Investment Fund, Inc.
Xxxxxx Xxxxxxx Eastern Europe Fund, Inc.
Xxxxxx Xxxxxxx Emerging Markets Debt Fund, Inc.
Xxxxxx Xxxxxxx Global Opportunity Bond Fund, Inc.
Xxxxxx Xxxxxxx High Yield Fund, Inc.
Xxxxxx Xxxxxxx China A Share Fund, Inc.
Xxxxxx Xxxxxxx Offshore Emerging Markets Fund
Xxxxxx Xxxxxxx Taiwan Portfolio
Revised as October 1, 2006
Custody Fee Schedule:
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Market |
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Asset |
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Transaction |
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Threshold I |
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Tier II |
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Threshold II |
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Tier III |
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(US$) |
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(US$)* |
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(US$)* |
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Argentina |
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20.00 |
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75.00 |
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150,000,000 |
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17.00 |
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187,500,000 |
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13.60 |
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Australia |
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1.50 |
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30.00 |
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650,000,000 |
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1.20 |
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812,500,000 |
‘ |
0.90 |
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Austria |
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3.00 |
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40.00 |
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225,000,000 |
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2.40 |
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281,250,000 |
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1.80 |
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Bahrain |
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40.00 |
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85.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Bangladesh |
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35.00 |
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85.00 |
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100,000,000 |
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29.75 |
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125,000,000 |
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23.80 |
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Belgium |
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3.50 |
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40.00 |
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150,000,000 |
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2.80 |
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187,500,000 |
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2.24 |
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Bermuda |
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18.00 |
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55.00 |
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100,000,000 |
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15.30 |
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125,000,000 |
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12.24 |
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Botswana |
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40.00 |
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73.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Brazil |
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15.00 |
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50.00 |
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415,000,000 |
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12.00 |
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518,750,000 |
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9.60 |
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Bulgaria |
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35.00 |
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75.00 |
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100,000,000 |
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29.75 |
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125,000,000 |
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23.80 |
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Canada |
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1.50 |
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20.00 |
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150,000,000 |
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1.28 |
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187,500,000 |
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1.02 |
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Chile |
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22.00 |
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50.00 |
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100,000,000 |
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18.70 |
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125,000,000 |
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14.96 |
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China |
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20.00 |
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50.00 |
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100,000,000 |
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17.00 |
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125,000,000 |
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13.60 |
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Colombia |
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40.00 |
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85.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Costa Rica |
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35.00 |
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55.00 |
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100,000,000 |
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29.75 |
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125,000,000 |
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23.80 |
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Croatia |
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40.00 |
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75.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Cyprus |
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25.00 |
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55.00 |
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100,000,000 |
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21.25 |
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125,000,000 |
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17.00 |
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Czech Republic |
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22.50 |
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55.00 |
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150,000,000 |
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18.00 |
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187,500,000 |
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14.40 |
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Denmark |
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2.15 |
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35.00 |
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150,000,000 |
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1.61 |
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187,500,000 |
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1.21 |
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Ecuador |
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45.00 |
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55.00 |
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100,000,000 |
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38.25 |
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125,000,000 |
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30.60 |
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Egypt |
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30.00 |
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50.00 |
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100,000,000 |
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25.50 |
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125,000,000 |
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20.40 |
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Estonia |
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34.00 |
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75.00 |
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100,000,000 |
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28.90 |
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125,000,000 |
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23.12 |
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Euro CDs |
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1.50 |
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15.00 |
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100,000,000 |
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1.20 |
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125,000,000 |
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0.96 |
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Euroclear |
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1.25 |
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15.00 |
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6,450,000,000 |
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1.00 |
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8,062,500,000 |
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0.60 |
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Finland |
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3.50 |
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35.00 |
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230,000,000 |
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2.63 |
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287,500,000 |
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1.97 |
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France |
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1.75 |
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25.00 |
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2,285,000,000 |
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1.40 |
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2,856,250,000 |
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1.12 |
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Germany |
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1.50 |
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25.00 |
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1,575,000,000 |
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1.20 |
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1,968,750,000 |
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0.96 |
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Ghana |
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40.00 |
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80.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Greece |
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20.00 |
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40.00 |
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150,000,000 |
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17.00 |
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187,500,000 |
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13.60 |
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Hong Kong |
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3.00 |
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40.00 |
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1,250,000,000 |
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2.40 |
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1,562,500,000 |
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1.92 |
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Hungary |
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25.00 |
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55.00 |
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150,000,000 |
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20.00 |
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187,500,000 |
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15.00 |
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Iceland |
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20.00 |
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55.00 |
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100,000,000 |
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17.00 |
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125,000,000 |
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13.60 |
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India |
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16.00 |
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45.00 |
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1,470,000,000 |
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13.60 |
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1,837,500,000 |
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10.88 |
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Indonesia |
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10.00 |
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60.00 |
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150,000,000 |
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8.00 |
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187,500,000 |
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6.00 |
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Ireland |
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1.25 |
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17.50 |
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205,000,000 |
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1.06 |
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256,250,000 |
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0.85 |
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Israel |
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25.00 |
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50.00 |
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150,000,000 |
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20.00 |
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187,500,000 |
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16.00 |
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Italy |
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3.50 |
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30.00 |
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445,000,000 |
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2.98 |
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556,250,000 |
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2.38 |
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Ivory Coast |
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45.00 |
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85.00 |
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100,000,000 |
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38.25 |
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125,000,000 |
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30.60 |
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Jamaica |
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11.00 |
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70.00 |
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100,000,000 |
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9.35 |
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125,000,000 |
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7.48 |
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Japan |
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1.35 |
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18.00 |
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5,550,000,000 |
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1.15 |
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6,937,500,000 |
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0.92 |
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Jersey |
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35.00 |
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85.00 |
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100,000,000 |
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29.75 |
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125,000,000 |
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23.80 |
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Jordan |
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30.00 |
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90.00 |
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150,000,000 |
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25.50 |
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187,500,000 |
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20.40 |
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Kazakhstan |
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45.00 |
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85.00 |
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100,000,000 |
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38.25 |
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125,000,000 |
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20.60 |
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Kenya |
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40.00 |
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82.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Korea |
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10.50 |
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30.00 |
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1,000,000,000 |
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8.93 |
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1,250,000,000 |
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7.14 |
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Latvia |
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30.00 |
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55.00 |
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100,000,000 |
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25.50 |
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125,000,000 |
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20.40 |
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Market |
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Asset |
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Transaction |
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Threshold I |
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Tier II |
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Threshold II |
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Tier III |
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Lebanon |
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40.00 |
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85.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Lithuania |
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30.00 |
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57.50 |
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100,000,000 |
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25.50 |
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125,000,000 |
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20.40 |
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Luxembourg |
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3.50 |
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40.00 |
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100,000,000 |
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2.80 |
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125,000,000 |
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2.24 |
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Malaysia |
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7.00 |
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45.00 |
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150,000,000 |
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6.30 |
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187,500,000 |
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5.67 |
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Malta |
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30.00 |
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57.50 |
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100,000,000 |
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25.50 |
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125,000,000 |
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20.40 |
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Mauritius |
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40.00 |
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85.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Mexico |
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5.50 |
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35.00 |
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385,000,000 |
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4.40 |
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481,250,000 |
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3.30 |
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Morocco |
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30.00 |
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90.00 |
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150,000,000 |
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27.00 |
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187,500,000 |
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24.30 |
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Namibia |
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40.00 |
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85.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Nepal |
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40.00 |
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85.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Netherlands |
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3.00 |
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25.00 |
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1,665,000,000 |
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2.55 |
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2,081,250,000 |
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2.04 |
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New Zealand |
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2.00 |
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35.00 |
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185,000,000 |
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1.60 |
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231,250,000 |
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1.28 |
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Nigeria |
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45.00 |
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85.00 |
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100,000,000 |
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38.25 |
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125,000,000 |
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30.60 |
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Norway |
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3.75 |
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35.00 |
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150,000,000 |
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3.00 |
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187,500,000 |
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2.25 |
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Oman |
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45.00 |
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100.00 |
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150,000,000 |
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38.25 |
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187,500,000 |
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30.60 |
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Pakistan |
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30.00 |
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85.00 |
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150,000,000 |
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25.50 |
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187,500,000 |
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20.40 |
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Peru |
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35.00 |
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85.00 |
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100,000,000 |
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29.75 |
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125,000,000 |
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23.80 |
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Philippines |
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15.00 |
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60.00 |
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150,000,000 |
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12.75 |
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187,500,000 |
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10.20 |
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Poland |
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25.00 |
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65.00 |
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280,000,000 |
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20.00 |
|
350,000,000 |
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16.00 |
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Portugal |
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12.00 |
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45.00 |
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150,000,000 |
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10.20 |
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187,500,000 |
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8.16 |
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Romania |
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40.00 |
|
80.00 |
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100,000,000 |
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34.00 |
|
125,000,000 |
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27..20 |
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Russia |
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22.00 |
|
75.00 |
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150,000,000 |
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18.70 |
|
187,500,000 |
|
14.96 |
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Singapore |
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4.00 |
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45.00 |
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445,000,000 |
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3.20 |
|
556,250,000 |
|
2.40 |
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Slovakia |
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35.00 |
|
85.00 |
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100,000,000 |
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29.75 |
|
125,000,000 |
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23.80 |
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Slovenia |
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30.00 |
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75.00 |
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150,000,000 |
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25.50 |
|
187,500,000 |
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20.40 |
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South Africa |
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4.50 |
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30.00 |
|
730,000,000 |
|
3.60 |
|
912,500,000 |
|
2.70 |
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Spain |
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4.25 |
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40.00 |
|
600,000,000 |
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3.40 |
|
750,000,000 |
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2.55 |
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Sri Lanka |
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20.00 |
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55.00 |
|
100,000,000 |
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17.00 |
|
125,000,000 |
|
13.60 |
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Swaziland |
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40.00 |
|
85.00 |
|
100,000,000 |
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34.00 |
|
125,000,000 |
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27.20 |
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Sweden |
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3.50 |
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30.00 |
|
600,000,000 |
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2.98 |
|
750,000,000 |
|
2.23 |
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Switzerland |
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3.25 |
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30.00 |
|
1,525,000,000 |
|
2.76 |
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1,906,250,000 |
|
2.21 |
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Taiwan |
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13.00 |
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70.00 |
|
683,000,000 |
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11.70 |
|
853,750,000 |
|
10.53 |
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Thailand |
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12.00 |
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45.00 |
|
175,000,000 |
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10.20 |
|
218,750,000 |
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8.16 |
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Tunisia |
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40.00 |
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50.00 |
|
150,000,000 |
|
34.00 |
|
187,500,000 |
|
27.20 |
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Turkey |
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12.50 |
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50.00 |
|
465,000,000 |
|
10.63 |
|
581,250,000 |
|
8.50 |
|
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Ukraine |
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45.00 |
|
85.00 |
|
100,000,000 |
|
38.25 |
|
125,000,000 |
|
30.60 |
|
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United Arab Emirites |
|
45.00 |
|
85.00 |
|
100,000,000 |
|
38.25 |
|
125,000,000 |
|
30.60 |
|
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United Kingdom |
|
1.25 |
|
17.50 |
|
6,750,000,000 |
|
1.06 |
|
8,437,500,000 |
|
0.00 |
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Xxxxxx Xxxxxx |
|
0.20 |
|
4.50 |
|
40,000,000,000 |
|
0.15 |
|
80,000,000,000 |
|
0.10 |
|
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Uruguay |
|
40.00 |
|
85.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
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Venezuela |
|
35.00 |
|
85.00 |
|
100,000,000 |
|
29.75 |
|
125,000,000 |
|
23.80 |
|
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Vietnam |
|
40.00 |
|
85.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
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Zambia |
|
40.00 |
|
80.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
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Zimbabwe |
|
35.00 |
|
70.00 |
|
100,000,000 |
|
29.75 |
|
125,000,000 |
|
23.80 |
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* Asset charges will be applied to the aggregate level of Xxxxxx Xxxxxxx assets with JPMorgan.
Miscellaneous Fees & Out of Pocket Expenses:
|
Cash Movements |
|
$ |
6 |
|
for USD settlements |
|
|
|
|
$ |
15 |
|
for non USD settlements |
|
Registration/Transfer fees, Mauritius cash account administration and transfer charges, Stamp taxes/duties and any other out of pocket costs will be recharged to the Funds at cost, where incurred by JPMorgan.
NSDL India pass through charges for transactions will be absorbed by JPMorgan.
Earnings Credits:
Credits will be paid to the Funds at a rate based on the 90-Day Treasury xxxx rate less 1% on daily positive balances. All interest is paid after a 10% Federal Reserve requirement is deducted from the balances. The credits earned are cumulative throughout JPMorgan Chase Bank’s fiscal year. At the beginning of the new fiscal year, earnings credit balances are reset to zero.
Overdraft Rates:
Overdraft charges paid by the Funds will be calculated using the Federal Funds rate plus 50 basis points on daily negative balances.
Class Action Services:
Includes determing account eligibility, filing, processing rejected items, and monitoring and processing recoveries.
Flat fee of $500 per filing paid once claim is filed.
Other Fees:
· Settlement of physical securities - $40
· Global Proxy Services per fund per vote executed
· USA free of charge
· All other countries $15
Notes:
All new business will be separately negotiated. The Adviser shall contact its relationship manager if it plans to trade in new countries (i.e. countries that are not on the Fee Schedule). If the Adviser’s relationship manager is not notified ahead of time, the relevant Fund will be charged at the Chase generic rate for each respective new country.
