EXHIBIT 8(f)
FORM OF
SUB-CUSTODY AGREEMENT
This Custody Agreement is dated __________, 199_ among
XXXXXX XXXXXXX TRUST COMPANY, a New York State chartered trust
company (the "Bank"), the a Maryland
corporation, on behalf of its Investment Portfolios (the "Fund"),
and Comerica Bank, a Michigan banking corporation (the
"Custodian").
WHEREAS, the Custodian has entered into a Custodian
Agreement with the Fund, an open-end investment company, to
provide custody services; and
WHEREAS, the Custodian and the Fund wish to retain the Bank
to provide certain sub-custodian services to the Custodian and the
Fund for the benefit of the Fund and the Bank is willing to
furnish such services;
NOW, THEREFORE, in consideration of the premises and mutual
covenants herein contained, it is agreed between the parties
hereto as follows:
1. Appointment and Acceptance; Accounts. (a) The Fund
and the Custodian hereby appoints the Bank as a custodian of
Property (as defined below) owned or under the control of the Fund
that is delivered to the Bank, or any Subcustodian as appointed
below, from time to time to be held in custody for the benefit of
the Fund.
(b) Prior to the delivery of any Property by the Custodian
to the Bank, the Custodian shall deliver to the Bank each document
and other item listed in Appendix 1. In addition, the Custodian
and/or the Fund shall deliver to the Bank any additional documents
or items as the Bank may deem necessary for the performance of its
duties under this Agreement.
(c) The Fund instructs the Bank to establish on the books
and records of the Bank the accounts listed in Appendix 2 (the
'Accounts") in the name of the Investment Portfolios of the Fund.
Upon receipt of Authorized Instructions (as defined below) and
appropriate documentation, the Bank shall open additional Accounts
for the Investment Portfolios of the Fund. Upon the Bank's
confirmation to the Custodian and the Fund of the opening of such
additional Accounts, or of the closing of Accounts, Appendix 2
shall be deemed automatically amended or supplemented accordingly.
The Bank shall record in the Accounts and shall have general
responsibility for the safekeeping of all securities
("Securities"), cash, cash equivalents and other property (all
such Securities, cash, cash equivalents and other property being
collectively the "Property") of the Fund that are delivered to the
Bank for custody.
(d) The procedures the Bank, the Custodian and the Fund
will use in performing activities in connection with the Agreement
are set forth in a client services guide provided to the Custodian
and the Fund by the Bank, as such guide may be amended from time
to time by the Bank by written notice to the Custodian and the
Fund (the "Client Services Guide").
2. Subcustodians. The Board of Trustees of the Fund
authorizes the Bank to hold the Property of the Fund in omnibus
accounts which have been established by the Bank with (i) one of
its branches, a branch of a qualified U.S. bank or an eligible
foreign custodian as listed on Exhibit A (the "Subcustodians")
which Exhibit may be amended by the Bank from to time to time upon
sixty (60) days prior written notice from the Bank or (ii) an
eligible foreign securities depository as listed on Exhibit B.
Unless notified in writing to the contrary by the Fund during the
sixty (60) day notice period, the Bank shall assume that the Fund
has obtained all necessary approvals of any new Subcustodian and
the proposed amendment to Exhibit A shall become effective as of
the proposed effective date; provided however, that in the event
that the Fund notifies the Bank that any necessary approval will
not be obtained prior to the proposed effective date for such
amendment, the Fund shall, as soon as practicable but in any event
within 120 days from the date of the Bank's initial notice of the
proposed amendment, obtain the requisite approvals or, in the
alternative, issue Authorized Instructions to the Bank to deliver
any Property affected by the proposed amendment in accordance with
such Authorized Instructions and absent any such Authorized
Instructions, the Bank shall assume that the Fund obtained such
requisite approvals within the 120-day period. For purposes of
this Agreement (a) "qualified U.S. bank" shall mean a qualified
U.S. bank as defined in Rule 17f-5 under the Investment Company
Act of 1940, as amended ("Rule 17f-5"); (b) "eligible foreign
custodian" shall mean (i) a banking institution or trust company
incorporated or organized under the laws of a country other than
the United States that is regulated as such by that country's
government or an agency thereof and that has shareholders' equity
in excess of $200 million in U.S. currency (or a foreign currency
equivalent thereto) or (ii) a majority-owned direct or indirect
subsidiary of a qualified U.S. bank or bank holding company that
is incorporated or organized under the laws of a country other
than the United States and that has shareholders' equity in excess
of $100 million in U.S. currency (or a foreign currency equivalent
thereto); and (c) "eligible foreign securities depository" shall
mean a securities depository or clearing agency incorporated or
organized under the laws of a country other than the United
States, which operates (i) the central system for handling of
securities or equivalent book-entries in that country or (ii) a
transactional system for the central handling of securities or
equivalent book-entries; provided, however that although the Bank
is of the opinion that each of the securities depositories used by
it and its Subcustodians do operate a central system for handling
securities in their respective countries, the determination that a
securities depository operates a central system absent any
official proclamation by the Securities and Exchange Commission
("SEC") is a factual one and the Bank shall not be liable for any
future determination by the SEC that any such securities
depository does not in fact operate such a central system.
If the Bank appoints other Subcustodians to hold the Fund's
Property, it will so notify the Custodian and the Fund in
accordance with this Section 2 and will provide them with
information reasonably necessary to determine any such new
Subcustodian's eligibility under Rule 17f-5, including a copy of
the proposed agreement with such Subcustodian.
If the Bank removes any Subcustodian it shall so notify the
Fund and the Custodian in accordance with this Section 2 and shall
move the Property deposited with such Subcustodian to another
Subcustodian or a new Subcustodian, provided that the appointment
of any new Subcustodian will be subject to the requirements set
forth in this Section 2. The Bank shall take steps as may be
required to remove any subcustodian which has ceased to meet the
requirements of this Section 2.
The Bank shall hold Property through a Subcustodian,
securities depository or clearing agency only if (a) such
Subcustodian and any securities depository or clearing agency in
which such Subcustodian or the Bank holds Property, or any for
their creditors, may not assert any right, charge, security
interest, lien, encumbrance or other claim of any kind to such
Property except a claim of payment for its safe custody or
administration and (b) beneficial ownership of such Property may
be freely transferred without the payment of money or value other
than for safe custody or administration.
3. Records. With respect to Property held by a
Subcustodian:
(a) The Bank may hold Property for all of its customers
with a Subcustodian in a single account identified as belonging to
the Bank for the benefit of its customers;
(b) The Bank shall identify on its books as belonging to
the Fund any Property held by a Subcustodian for the Bank's
account;
(c) The Bank shall require that Property held by the
Subcustodian for the Bank's account be identified on the
Subcustodian's books as separate from any other property held by
the Subcustodian other than property of the Bank's customers held
solely for the benefit of customers of the Bank; and
(d) In the event the Subcustodian holds Property in a
securities depository or clearing agency, such Subcustodian shall
be required by its agreement with the Bank to identify on its
books such Property as being held for the account of the Bank as
custodian for its customers or in such other manner as is required
by local law or market practice.
(e) Any Property in an account held by a Subcustodian of
the Bank will be subject only to the instructions of the Bank or
its agent; and any Property held in an eligible foreign securities
depository for the account of a Subcustodian will be subject only
to the instruction of such Subcustodian.
(f) The Bank hereby warrants to the Fund and the Custodian
that each of its branches, each branch of a qualified U.S. bank,
each eligible foreign custodian and each eligible foreign
securities depository holding Property of the fund pursuant to
this Agreement meets the standards established for inclusion in
its sub-custody network set forth in Section 2 of this Agreement.
(g) The Bank hereby warrants to the Fund and the Custodian
that as of the date of this Agreement it is maintaining the
insurance coverage set forth in Exhibit C hereto and hereby agrees
to maintain comparable coverage in a commercially reasonable
manner during the term of this Agreement.
4. Access to Records. The Bank shall allow the Fund's
accountants reasonable access to the Bank's records relating to
the Property held by the Bank as such accountants may reasonably
require in connection with their examination of the Fund's
affairs. The Bank shall also obtain from any Subcustodian (and
shall require each Subcustodian to use reasonable efforts to
obtain from any securities depository or clearing agency in which
it deposits Property) an undertaking, to the extent consistent
with local practice and the laws of the jurisdiction or
jurisdictions to which such Subcustodian, securities depository or
clearing agency is subject, to permit independent public
accountants such reasonable access to the records of such
Subcustodian, securities depository or clearing agency as may be
reasonably required in connection with the examination of the
Fund's affairs or to take such other actions as the Bank in its
judgment may deem sufficient to ensure such reasonable access.
5. Reports. the Bank will supply to the Fund, in care of
its investment adviser, and the Custodian at least monthly a
statement with respect to any property in an Account held by each
Subcustodian, including an identification of the entity having
possession of such Property, and the Bank will send to the Fund
and the Custodian an advice or notification of any transfers of
Property to or from the Account, indicating, as to Property
acquired for an Investment Portfolio of the Fund, the identity of
the entity having physical possession of such Property. The Bank
shall also provide to the Fund, on an annual basis, a report
confirming that the arrangements hereunder remain in compliance
with the terms of this Agreement.
6. Payment of Monies. The Bank shall make, or cause any
Subcustodian to make, payments from monies being held in the
Accounts only in accordance with Authorized Instructions or as
provided in Sections 9, 13 and 17.
The Bank may act as the Fund's agent or act as a principal
in foreign exchange transactions at such rates as are agreed from
time to time between the Fund and the Bank.
7. Transfer of Securities. The Bank shall make, or cause
any Subcustodian to make, transfers, exchanges or deliveries of
Securities only in accordance with Authorized Instructions or as
provided in Sections 9, 13 and 17.
8. Corporation Action. (a) The Bank shall notify the
Fund of details of all corporate actions affecting the Fund's
Securities promptly upon its receipt for such information.
(b) The Bank shall take, or cause any Subcustodian to
take, such corporate action only in accordance with Authorized
Instructions or as provided in this Section 8 or Section 9.
(c) In the event the Fund does not provide timely
Authorized Instructions to the Bank, the Bank shall act in
accordance with the default option provided by local market
practice and/or the issuer of the Securities.
(d) Fractional shares resulting from corporate action
activity shall be treated in accordance with local market
practices.
9. General Authority. In the absence for Authorized
Instructions to the contrary, the Bank may, and may authorize any
Subcustodian to:
(a) make payments to itself or others for expenses of handling
Property or other similar items relating to its duties under this
Agreement, provided that all such payments shall be accounted for
to the Fund;
(b) receive and collect all income and principal with respect to
Securities and to credit cash receipts to the Accounts;
(c) exchange Securities when the exchange is purely ministerial
(including, without limitation, the exchange of interim receipts
or temporary securities for securities in definitive form and the
exchange of warrants, or other documents of entitlement to
securities, for the securities themselves);
(d) surrender Securities at maturity or when called for
redemption upon receiving payment therefor;
(e) execute in the Fund's name such ownership and other
certificates as may be required to obtain the payment of income
from Securities;
(f) pay or cause to be paid, from the Accounts, any and all
taxes and levies in the nature of taxes imposed on Property by an
governmental authority in connection with custody of and
transactions in such Property;
(g) endorse for collection, in the name for the Fund, checks,
drafts and other negotiable instruments;
(h) take non-discretionary action on mandatory corporate
actions; and
(i) in general, attend to all nondiscretionary details in
connection with the custody, sale, purchase, transfer and other
dealings with the Property.
10. Authorized Instructions; Authorized Persons. (a)
Except as otherwise provided in Sections 6 through 9, 13 and 17,
all payments of monies, all transfers, exchanges or deliveries of
Property and all responses to corporate actions shall be made or
taken only upon receipt by the Bank of Authorized Instructions;
provided that such Authorized Instructions are timely received by
the Bank. "Authorized Instructions" of the Fund means
instructions from an Authorized person received by telecopy,
tested telex, electronic link or other electronic means or by such
other means as may be agreed in writing between the Fund and the
Bank.
(b) "Authorized Person" means each of the persons or
entitles identified on Appendix 3 as amended from time to time by
written notice for the Fund to the Bank. The Fund represents and
warrants to the Bank that each Authorized Person listed in
Appendix 3, as amended from time to time, is authorized to issue
Authorized Instructions on behalf of the Fund. Prior to the
delivery of the Property to the Bank, the Bank shall provide a
list of designated system user ID numbers and passwords that the
Fund shall be responsible for assigning to Authorized Persons.
The Bank shall assume that an electronic transmission received and
identified by a system user ID number and password was sent by an
Authorized Person. The Bank agrees to provide additional
designated system issuer ID numbers and passwords as needed by the
Fund. The Fund authorizes the Bank to issue new system user ID
numbers upon the request of a previously existing Authorized
Person. Upon the issuance of additional system user ID numbers by
the Bank to the Fund, Appendix 3 shall be deemed automatically
amended accordingly. The Fund authorizes the Bank to receive, act
and rely upon may Authorized Instructions received by the Bank
which have been issued, or purport to have been issued, by an
Authorized Person.
(c) Any Authorized Person may cancel/correct or otherwise
amend any Authorized Instruction received by the Bank, but the
Fund agrees to indemnify the Bank for any liability, loss or
expense incurred by the Bank and its Subcustodians as a result of
their having relied upon or acted on any prior Authorized
Instruction. An amendment or cancellation of an Authorized
Instruction to deliver or receive any security or funds in
connection with a trade will not be processed once the trade has
settled.
11. Registration of Securities. (a) In the absence of
Authorized Instructions to the contrary, Securities which must be
held in registered form shall be registered in the name of the
Bank or the Bank's nominee or, in the case of Securities in the
custody of an entity other than the Bank, in the name of the Bank,
its Subcustodian or any such entity's nominee. The Bank may,
without notice to the Fund, cause any Securities to be registered
or re-registered in the name of the Fund.
(b) Where the Bank has been instructed by the Fund to bold
any Securities in the name of any person or entity other than the
Bank, its Subcustodian or any such entity's nominee, the Bank
shall not be responsible for any failure to collect such dividends
or other income or participate in any such corporate action with
respect to such Securities.
12. Deposit Accounts. All cash received by the Bank for
the Accounts shall be held by the Bank as a short-term credit
balance in favor for the Fund and, if the Bank and the Fund have
agreed in writing in advance that such credit balances shall bear
interest, the Fund shall earn interest at the rates and times as
agreed between the Bank and the Fund. The Fund acknowledges that
any such credit balances shall not be accompanied by the benefit
of any governmental insurance.
13. Short-Term Credit Exceptions. (a) From time to time,
the Bank may extend or arrange short-term credit for Investment
Portfolios of the Fund which is (i) necessary in connection with
payment and clearance of securities and foreign exchange
transactions or (ii) pursuant to an agreed schedule, as and if set
forth in the Client Services Guide, of credits for dividends and
interest payments on Securities. All such extensions of credit
shall be repayable by such Investment Portfolios on demand.
(b) The Bank shall be entitled to charge such Investment
Portfolio of the Fund interest for any such credit extension at
rates to be agreed upon from time to time or, if such credit is
arranged by the Bank with a third party on behalf of such
Investment Portfolio, such Investment Portfolio shall reimburse
the Bank for any interest charge. In addition to any other
remedies available, the Bank shall be entitled to a right of set-
off against the Property to satisfy the repayment of such credit
extensions and the payment of, or reimbursement for, accrued
interest thereon.
14. Representations and Warranties. (a) The Fund
represents and warrants that (i) the execution, delivery and
performance of this Agreement (including, without limitation, the
ability to obtain the short-term extensions of credit in
accordance with Section 13) are within the Fund's power and
authority and have been duly authorized by all requisite action
(corporate or otherwise) of the Fund and of the beneficial owner
of the Property, if other than the Fund, and (ii) this Agreement
(including, without each extension of short-term credit extended
to or arranged for the benefit of the Fund in accordance with
Section 13) shall at all times constitute a legal, valid and
binding obligation of the Fund enforceable against the Fund in
accordance with its terms, except, as may be limited by
bankruptcy, insolvency or other similar laws, affecting the
enforcement of creditors' rights in general and subject to the
effect of general principles of equity (regardless of whether
considered in a proceeding in equity or at law).
(b) The Custodian represents and warrants that (i) the
execution, delivery and performance of this Agreement are within
the Custodian's power and authority and have been duly authorized
by all requisite action (corporate or otherwise) of the Custodian
and (ii) this Agreement constitutes the legal, valid and binding
obligation of the Custodian enforceable against the Custodian in
accordance with its terms, except as may be limited by bankruptcy,
insolvency or other similar laws affecting the enforcement of
creditors' rights in general and subject to the effect of general
principles of equity (regardless of whether considered in a
proceeding in equity or at law).
(c) The Bank represents and warrants that (i) the
execution, delivery and performance of this Agreement are within
the Bank's power and authority and have been duly authorized by
all requisite action (corporate or otherwise) of the Bank and (ii)
this Agreement constitutes the legal, valid and binding obligation
of the Bank enforceable against the Banking accordance with its
terms, except as may be limited by bankruptcy, insolvency or other
similar laws affecting the enforcement of creditors' rights in
general subject to the effect of general principles of equity
(regardless of whether considered in a proceeding in equity or at
law).
15. Standard of Care; Indemnification. (a) The bank
shall be responsible for the performance of only such duties as
are set forth in this Agreement or contained in Authorized
Instructions given to the bank which are not contrary to the
provisions of any relevant law or regulation. The Bank shall be
liable to the Fund for any loss, liability or expense inured by
the Fund in connection with this Agreement to the extent that any
such loss, liability or expense results from the negligence or
willful misconduct of the Bank or any Subcustodian; provided,
however that neither the Bank nor any Subcustodian shall be liable
to the Fund for any indirect, special or consequential damages.
(b) The Fund acknowledges that the Property may be
physically held outside the United States. The Bank shall not be
liable for any loss, liability or expense resulting from events
beyond the reasonable control of the Bank, including, but not
limited to, force majeure.
(c) In addition, the Fund and the Custodian jointly and
severally, shall indemnify the Bank and Subcustodians and any
nominee for, and hold each of them harmless from, any liability,
loss or expenses (including attorneys' fees and disbursements)
incurred in connection with this Agreement, including without
limitation, (i) as a result of the Bank having acted or relied
upon any Authorized Instructions or (ii) arising out of any such
person acting as a nominee or holder of record of Securities.
16. Fees; Liens. The Fund shall pay to the Bank from time
to time such compensation for its services pursuant to this
Agreement as may be mutually agreed upon as well as the Bank's
out-of-pocket and incidental excess. The Fund shall hold the Bank
harmless from any liability or loss resulting from any taxes or
other governmental charges, and any expenses related thereto,
which may be imposed or assessed with respect to the Accounts or
any Property held therein. The Bank is, and any Subcustodians
are, authorized to charge the Accounts for such items. The Fund
shall grant the Bank a lien on the Property of an Investment
Portfolio to the extent necessary: (1) to cover any temporary
short-term credit extensions with respect to that Investment
Portfolio under Section 13 of this Agreement, and (2) to cover any
temporary borrowing in connection with fees payable hereunder for
safe custody or administration with respect to that Investment
Portfolio.
17. Termination. This Agreement may be terminated by the
Fund, the Custodian or the Bank by 60 days written notice to the
others, sent by registered mail. If notice of termination is
given, the Fund shall, within 30 days following the giving of such
notice, deliver to the Bank a statement in writing specifying the
successor custodian or other person to whom the Bank shall
transfer the Property. In either event, the Bank, subject to the
satisfaction of any lien it may have, shall transfer the Property
to the person so specified. If the Bank does not receive such
statement the Bank, at its election, may transfer the Property to
a bank or trust company established under the laws of the United
States or any state thereof to be held and disposed of pursuant to
the provisions of this Agreement or may continue to hold the
Property until such a statement is delivered to the Bank. In such
event the Bank shall be entitled to fair compensation for its
services during such period as the Bank remains in possessions of
any Property and the provisions of this Agreement relating to the
duties and obligations of the Bank shall remain in full force and
effect; provided, however, that the Bank shall have no obligation
to settle any transactions in Securities for the Accounts. The
provision of Section 15 and 16 shall survive termination of this
Agreement.
18. Investment Advice. The Bank shall not supervise,
recommend or advise the Fund relative to the investment, purchase,
sale, retention or other disposition of any Property held under
this Agreement.
19. Confidentiality. (a) The Bank, its agents and
employees shall maintain the confidentiality of information
covering the Property held in the Accounts of the Fund's
Investment Portfolios, including in dealings with affiliates of
the Bank. In the event the Bank or any Subcustodian is requested
or required to disclose any confidential information concerning
the Property, the Bank shall, to the extent practicable and
legally permissible, promptly notify the Fund of such request or
requirement so that the Fund may seek a protective order or waive
any objection to the Bank's or such Subcustodian's compliance with
this Section 19. In the absence of such a waiver, if the Bank or
such Subcustodian is compelled, in the opinion of its counsel, to
disclose any confidential information, the Bank or such
Subcustodian may disclose such information to such persons as, in
the opinion of counsel, is so required.
(b) The Fund and the Custodian shall maintain the
confidentiality of, and not provide to any third parties absent
the written permission of the Bank, any computer software,
hardware or communications facilities made available to the Fund
or the Custodian or their respective agents by the Bank.
20. Notices. Any notice or other communication to the
Bank, unless otherwise provided by this Agreement or the Client
Services Guide, shall be sent by certified or registered mail to
Xxxxxx Xxxxxxx Trust Company, Xxx Xxxxxxxxxx Xxxxx, Xxxxxxxx, Xxx
Xxxx, 00000, Attention: President, and any notice to the Fund or
the Custodian is to be mailed postage prepaid, addressed to the
Fund or the Custodian, as the case may be, at the address
appearing below, or as it may hereafter be changed on the Bank's
records in accordance with written notice from the Fund or the
Custodian, as the case may be.
21. Assignment. This contract may not be assigned by any
party without the prior written approval of the others.
22. Miscellaneous. (a) This Agreement shall bind the
successors and assigns of the Fund, the Custodian and the Bank.
(b) This Agreement shall be governed by and construed in
accordance with the internal laws of the State of New York without
regard to its conflicts of law rules and to the extent not
preempted by federal law. The Fund, the Custodian and the Bank
hereby irrevocably submit to the exclusive jurisdiction of any New
York State court or any Untied States District Court located in
the State of New York in any action or preceeding arising out of
this Agreement and hereby irrevocably waive any objection to the
venue of any such action or proceeding brought in any such court
or any defense of an inconvenient forum.
(c) It is understood and expressly stipulated that neither
the holders of shares of the Fund nor any trustee, officer, agent
or employee of the Fund shall be personally liable hereunder, nor
shall any resort be had to other private property for the
satisfaction of any claim or obligation hereunder, but the Fund
only shall be liable.
In witness whereof, the parties hereto have set their hands
as of the date first above written.
[Insert Name of Fund]
By:
Name:
Title:
Address for record:
[Insert Name of Custodian]
By:
Name:
Title:
Address for record:
Accepted:
XXXXXX XXXXXXX TRUST COMPANY
By:
Authorized Signature
APPENDIX 1
Account Documentation
REQUIRED DOCUMENTATION FOR CORE CUSTODIAL SERVICES (INCLUDING TAX
RECLAIMS):
CUSTODY AGREEMENT
CLIENT SERVICES GUIDE (INCLUDING APPENDICES)
FEE SCHEDULE/BILLING GUIDE
GENERAL ACCOUNT INFORMATION
US TAX AUTHORITY DOCUMENTATION
LOCAL TAX OFFICE LETTER/APPLICATION LETTER
(NON-UNITED STATES-RESIDENT BENEFICIAL OWNERS, ONLY)
FORM 6166/REQUEST FOR FOREIGN CERTIFICATION FORM
(UNITED STATES-RESIDENT BENEFICIAL OWNERS, ONLY)
CERTIFICATION OF BENEFICIAL OWNERSHIP, LEGAL NAME, LEGAL
RESIDENCY, TAX STATUS AND TAX IDS
TAX RECLAIM POWER FOR ATTORNEY
PREVIOUS TAX RECLAIM FILING INFORMATION
(PREVIOUS FILERS, ONLY)
UK TAX AUTHORITY DOCUMENTATION
SOPHISTICATED INVESTOR (ACCREDITED INVESTOR) LETTER
(UNITED STATES-RESIDENT BENEFICIAL OWNERS, ONLY)
DOCUMENTATION THAT IS REQUIRED FROM AN ENTITY CLASSIFIED AS TAX-
EXEMPT BY ITS LOCAL TAX AUTHORITY:
UK FORM 4338
(EXEMPT NON-UNITED KINGDOM-RESIDENT BENEFICIAL OWNERS, ONLY)
UK FORM 309A
(EXEMPT UNITED STATES-RESIDENT BENEFICIAL OWNERS, ONLY)
FOREIGN EXEMPTION LETTERS/APPLICATION FOR AUSTRALIAN EXEMPTION
LETTER
(EXEMPT BENEFICIAL OWNERS, ONLY)
DOCUMENTATION THAT IS REQUIRED ONLY IF YOU WILL USE THE PROXY
VOTING SERVICE:
VOTING POWER OF ATTORNEY
DOCUMENTATION THAT IS REQUIRED ONLY IF YOU WILL DEAL IN CERTAIN
SECURITIES:
JGB INDEMNIFICATION LETTER
KOREAN SECURITIES POWER OF ATTORNEY
NEW ZEALAND 'APPROVED ISSUER LEVY; LETTER
SPANISH POWER OF ATTORNEY WITH APOSTILE
APPENDIX 2
Client Accounts
Account Name Account Number Account Mnemonic
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
APPENDIX 3
Part I - Authorized Signatures
The Bank is directed to accept and act upon Authorized
Instructions received from any of the following persons or
entities:
Name Organization Title Telephone/
Authorized
Fax Signature
Authorized by:
*Part II - System User ID numbers
The Bank is directed to accept and act upon Authorized
Instructions transmitted electronically and identified with the
following mnemonics and system user ID numbers for the following
activities:
Work Station Account Workstation Sessions
User ID Mnemonic Number TE TCC SL FE CM
MA TD
Workstation Session Codes
TE Trade Entry
TCC Trade Cancel/Correct
SL Securities Lending
FE Foreign Exchange
CM Cash Movement
MA Mass Authorization
TD Time Deposit
EXHIBIT A
Subcustodians
16
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