Exhibit (8)(a)(v)
[UBS Global Asset Management Logo] [UBS Global Asset Management
(US) Inc. Letterhead]
October 1, 2003
By Overnight Courier
PFPC Inc.
000 Xxxxx Xxxx
Xxxx xx Xxxxxxx, XX 00000
Re: Amendment to Transfer Agency and Related Services Agreement
re: Customer Identification Program (the "Amendment")
-----------------------------------------------------------
Dear Sirs:
Each Fund listed on the attached Schedule A (the "Funds") and PFPC Inc. ("PFPC")
have entered into a Transfer Agency and Related Services Agreement ("TA
Agreements").
For valuable consideration, the receipt and sufficiency of which the parties
hereto hereby acknowledge, the Funds and PFPC hereby agree that, as of the lst
day of October, 2003 (the "Effective Date") the TA Agreements shall, without any
further action by either of the parties hereto, be amended to include the
following new section:
CIP Services. To help the Fund(s) comply with their Customer
Identification Program (which the Fund(s) are required to have
under regulations issued under Section 326 of the USA PATRIOT
Act) PFPC will do the following:
(a) Implement procedures under which new accounts in the
Fund(s) are not established unless PFPC has obtained the
name, date of birth (for natural persons only), address
and government-issued identification number (collectively,
the "Data Elements") for each corresponding Customer (as
defined in 31 CFR 103.131).
(b) Use collected Data Elements to attempt to reasonably
verify the identify of each new Customer promptly before
or after each corresponding new account is opened. Methods
may
UBS Global Asset Management (US) Inc. is a subsidiary of UBS AG
PFPC Inc.
Page 2 of 4
October 1, 2003
consist of non-documentary methods (for which PFPC may
use unaffiliated information vendors to assist with such
verifications) and documentary methods (as permitted by 31
CFR 103.131), and may include procedures which PFPC
personnel perform enhanced due diligence to verify the
identities of Customers the identities of whom were not
successfully verified through the first-level (which will
typically be reliance on results obtained from an
information vendor) verification process(es).
(c) Record the Data Elements and maintain records relating to
verification of new Customers consistent with 31 CFR
103.131(b)(3).
(d) Regularly report to the Fund(s) about measures taken under
(a)-(c) above.
(e) If PFPC provides services by which prospective Customers
may subscribe for shares in the Fund(s) via the Internet
or telephone, work with the Fund(s) to notify prospective
Customers, consistent with 31 CFR 103(b)(5), about the
Fund(s)' CIP.
(f) Set forth on a separate fee schedule compensation amounts
due for these CIP Services.
Notwithstanding anything to the contrary, and without
expanding the scope of the express language above, PFPC need
not collect the Data Elements for (or verify) prospective
customer (or accounts) beyond the requirements of the portions
of Section 2.3.2 of a Fund's CIP that are hereby delegated to
PFPC (a copy of which is attached as Exhibit A) (for example,
PFPC will not verify customers opening accounts through NSCC)
and PFPC need not perform any task that need not be performed
for the Fund(s) to be in compliance with such portions of
Section 2.3.2."
This Amendment contains the entire understanding between the parties with
respect to the services contemplated hereby. Except as expressly set forth
herein, the TA Agreements shall remain unaffected hereby.
Please acknowledge receipt of this letter and acceptance of this Amendment to
the TA Agreements by signing where indicated below and returning a copy of this
letter to me.
PFPC Inc.
Page 3 of 4
October 1, 2003
If you have any questions regarding the foregoing, please call me at
000-000-0000.
Very truly yours,
/s/ Xxxxx X. Xxxxxxxxxx
Xxxxx X. Xxxxxxxxxx
Vice President and Assistant Secretary
To the Funds Listed on Schedule A
Acknowledged and Agreed:
PFPC Inc.
By: /s/ Xxxxxxx X. XxXxxxxx
---------------------------------
Name: Xxxxxxx X. XxXxxxxx
Title: Sr. V.P. and General Manager
Date: January 20, 2004
Exhibit (8)(a)(v)
Schedule A
UBS Cashfund Inc.
USB Financial Sector Fund Inc.
UBS S&P 500 Index Fund
UBS Tactical Allocation Fund
UBS LIR Money Market Fund
UBS LIR Government Securities Fund
UBS LIR Treasury Securities Fund
UBS Select Money Market Fund
UBS Cash Reserves Fund
UBS Liquid Assets Fund
LIR Premier Money Market Fund
LIR Premier Tax-Free Money Market Fund
UBS RMA New York Municipal Money Fund
UBS RMA California Municipal Money Fund
UBS Money Market Fund
UBS RMA New Jersey Municipal Money Fund
UBS RMA Money Market Portfolio
UBS RMA U.S. Government Portfolio
UBS Retirement Money Fund
UBS Enhanced S&P 500 Fund
UBS Enhanced Nasdaq-100 Fund
Tactical Allocation Portfolio
UBS PACE Money Market Investments
UBS PACE Government Securities Fixed Income Investments
UBS PACE Intermediate Fixed Income Investments
UBS PACE Strategic Fixed Income Investments
UBS PACE Municipal Fixed Income Investments
UBS PACE Global Fixed Income Investments
UBS PACE Large Co Value Equity Investments
UBS PACE Large Co Growth Equity Investments
UBS PACE Small/Medium Co Value Equity Investments
UBS PACE Small/Medium Co Growth Equity Investments
UBS PACE International Equity Investments
UBS PACE International Emerging Markets Equity Investments
