EXHIBIT (g)(2)
AMENDMENT TO
AMENDED AND RESTATED CUSTODIAN SERVICES AGREEMENT
AMENDMENT TO
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AMENDED AND RESTATED CUSTODIAN SERVICES AGREEMENT
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This Amendment is an amendment to the Amended and Restated Custodian
Services Agreement between Phoenix Insight Funds Trust (formerly Xxxxxx Insight
Funds Trust) (the "Fund") and PFPC Trust Company ("PFPC Trust") dated as of
February 2, 2004 (the "Agreement"). The date of this Amendment is as of April
16, 2007.
WHEREAS, the Fund and PFPC Trust are parties to the Agreement; and
WHEREAS, the Fund and PFPC Trust wish to amend the Agreement as set
forth below;
NOW, THEREFORE, in consideration of the premises and agreements set
forth in this document and of the revisions to the sub-custodian structure
relating to the Fund, and intending to be legally bound hereby, the parties
hereto agree as follows:
1. Schedule I of the Agreement shall be amended and restated in its entirety
as set forth in the Schedule I attached to this Amendment (as such Schedule
I may be amended as set forth in Section 17 of the Agreement).
2. The following language shall be added at the end of Section 13(a) of the
Agreement: "; provided that the liability of PFPC Trust in connection with
any loss of assets shall not exceed the fair market value of such assets at
the time of such willful misfeasance, bad faith, negligence or reckless
disregard".
3. The word ", general" shall be added immediately after the word "special" in
Section 13(c) of the Agreement.
4. Section 14(m) of the Agreement shall be amended and restated in its
entirety as follows: "(m) Crediting of Accounts. PFPC Trust may in its sole
discretion credit an Account with respect to income, dividends,
distributions, coupons, option premiums, other payments or similar items
prior to PFPC Trust's actual receipt thereof, and in addition PFPC Trust
may in its sole discretion credit or debit the assets in an Account on a
contractual settlement date with respect to any sale, exchange or purchase
applicable to the Account (provided that PFPC Trust may reverse any such
credit or debit if it determines in its absolute discretion that the
transaction with respect to which the credit or debit was made has failed).
If PFPC Trust credits an Account with respect to (a) income, dividends,
distributions, coupons, option premiums, other payments or similar items on
a contractual payment date or otherwise in advance of PFPC Trust's actual
receipt of the amount due, (b) the proceeds of any sale or other
disposition of assets on the contractual settlement date or otherwise in
advance of PFPC Trust's actual receipt of the amount due or (c) provisional
crediting of any amounts due, and (i) PFPC Trust is subsequently unable for
whatever reason to collect full, final and irreversible payment in
immediately available funds for the amounts so credited within a reasonable
time period or (ii) pursuant to standard industry practice, law or
regulation the amounts so credited are subject to a security interest, levy
or other encumbrance or PFPC Trust is required to repay to a third party
such amounts so credited, PFPC Trust shall have
the absolute right in its sole discretion without demand to reverse any
such credit or payment, to debit or deduct the amount of such credit or
payment from the Account, and to otherwise pursue recovery of any such
amounts so credited from the Fund. Nothing in this Agreement or otherwise
shall require PFPC Trust to make any advances or to credit any amounts
until PFPC Trust's actual receipt thereof. Advances shall be payable on
demand. The Fund hereby grants to PFPC Trust and to each sub-custodian
utilized by PFPC Trust in connection with providing services to the Fund a
first priority contractual possessory security interest in and a right of
setoff against the assets maintained in an Account hereunder in the amount
necessary to secure the return and payment to PFPC Trust and to each such
sub-custodian of any advance or credit made by PFPC Trust and/or by such
sub-custodian (including charges related thereto) to such Account; such
first priority contractual possessory security interest in and right of
setoff against the assets maintained in an Account hereunder shall be free
of any right of redemption or prior claim of the Fund or any other entity
and shall be subject to no setoffs, counterclaims or other liens or grants
by the Fund or any other entity prior to or on a parity therewith, and the
Fund shall take such reasonable additional steps as PFPC Trust may require
to assure such priority. Without limiting any other rights of PFPC Trust
under this Agreement, PFPC Trust may assign any rights it has under this
Section 14(m) to any sub-custodian utilized by PFPC Trust in connection
with providing services to the Fund."
5. The second sentence of Section 16 of the Agreement shall be amended and
restated in its entirety as follows: "Notice shall be addressed (a) if to
PFPC Trust at 0000 Xxxxxxx Xxxxxxxxx, Xxxxxxxxxxxx, XX 00000, marked for
the attention of the Mutual Fund Custody Department (or such other address
as PFPC Trust may inform the Fund in writing) or (b) if to the Fund at 00
Xxxxxxxx Xxxxxx, Xxxxxxxx, XX 00000 (or such other address as the Fund may
inform PFPC Trust in writing)."
6. The following language shall be added as a new Section 21(g) of the
Agreement: "(g) The Fund hereby represents and warrants to PFPC Trust that
(i) the terms of this Agreement, (ii) the fees and expenses associated with
this Agreement, and (iii) any benefits accruing to PFPC Trust or to the
adviser or sponsor or other affiliate of the Fund in connection with this
Agreement, including but not limited to any fee waivers, conversion cost
reimbursements, float benefits, up front payments, signing payments or
periodic payments relating to this Agreement have been fully disclosed to
the Board of Trustees of the Fund and that, if required by applicable law,
such Board of Trustees has approved or will approve the terms of this
Agreement, any such fees and expenses, and any such benefits."
Agreed:
Phoenix Insight Funds Trust PFPC Trust Company
By: /s/Xxxxxxx X. Xxxxxxx By: /s/ Xxxxxxx Xxxxxxxx
-------------------------------- ----------------------------------
Name: Xxxxxxx X. Xxxxxxx Name: Xxxxxxx Xxxxxxxx
------------------------------- ------------------------------
Title: Senior Vice President Title: Vice President and Director
------------------------------ ------------------------------
SCHEDULE I
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COUNTRY/MARKET SUBCUSTODIAN(S)
---------------------------- ---------------------------------------------------
Argentina Citibank, N.A.
---------------------------- ---------------------------------------------------
Australia Citibank Pty Limited
---------------------------- ---------------------------------------------------
Austria Citibank N.A (through Milan)
---------------------------- ---------------------------------------------------
Bahrain HSBC Bank Middle East Ltd
---------------------------- ---------------------------------------------------
Bangladesh Standard Chartered Bank
---------------------------- ---------------------------------------------------
Belgium Fortis Bank (Nederland) NV
---------------------------- ---------------------------------------------------
Bermuda Bank of Bermuda
---------------------------- ---------------------------------------------------
Botswana Barclays Bank of Botswana Limited
---------------------------- ---------------------------------------------------
Brazil Citibank, N.A.
---------------------------- ---------------------------------------------------
Bulgaria ING NV Xxxxx Xxxxxx
---------------------------- ---------------------------------------------------
Canada Citibank Canada
---------------------------- ---------------------------------------------------
Chile Citibank, N.A.
---------------------------- ---------------------------------------------------
China - Shanghai Citibank, N.A.
---------------------------- ---------------------------------------------------
China - Shenzhen Citibank, N.A.
---------------------------- ---------------------------------------------------
Colombia Cititrust Colombia S.A
---------------------------- ---------------------------------------------------
Croatia Privredna Banka Zagreb Dd.
---------------------------- ---------------------------------------------------
Cyprus Hellenic Bank Ltd
---------------------------- ---------------------------------------------------
Czech Republic Citibank, AS
---------------------------- ---------------------------------------------------
Denmark Nordea Bank Danmark A/S
---------------------------- ---------------------------------------------------
Dubai (U.A.E.) The Hongkong & Shanghai Banking Corp
---------------------------- ---------------------------------------------------
Egypt Citibank, N.A.
---------------------------- ---------------------------------------------------
Estonia Hansabank Ltd
---------------------------- ---------------------------------------------------
Finland Nordea Bank Finland Plc
---------------------------- ---------------------------------------------------
France Citibank International Plc.
---------------------------- ---------------------------------------------------
Germany Citigroup Global Markets Deutschland AG & Co. KgaA
---------------------------- ---------------------------------------------------
Greece Citibank International Plc.
---------------------------- ---------------------------------------------------
Hong Kong Citibank, N.A.
---------------------------- ---------------------------------------------------
Hungary Citibank Zrt
---------------------------- ---------------------------------------------------
Iceland Kaupthing Bank (Arion Custody Services)
---------------------------- ---------------------------------------------------
India Citibank, N.A.
---------------------------- ---------------------------------------------------
Indonesia Citibank, N.A.
---------------------------- ---------------------------------------------------
Ireland Citibank International Plc
---------------------------- ---------------------------------------------------
Israel Bank Hapoalim
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--------------------------------------------------------------------------------
COUNTRY/MARKET SUBCUSTODIAN(S)
---------------------------- ---------------------------------------------------
Italy Citibank, N.A.
---------------------------- ---------------------------------------------------
Japan Citibank N.A.
---------------------------- ---------------------------------------------------
Jordan Arab Bank.
---------------------------- ---------------------------------------------------
Kazakhstan SB HSBC Kazakhstan JSC
---------------------------- ---------------------------------------------------
Korea Citibank Korea, Inc.
---------------------------- ---------------------------------------------------
Kuwait HSBC Bank Middle East Ltd.
---------------------------- ---------------------------------------------------
Latvia Hansabank
---------------------------- ---------------------------------------------------
Lebanon HSBC Bank Middle East Ltd.
---------------------------- ---------------------------------------------------
Lithuania HansaBank
---------------------------- ---------------------------------------------------
Malaysia Citibank Berhad
---------------------------- ---------------------------------------------------
Mauritius HSBC
---------------------------- ---------------------------------------------------
Malta HSBC Bank Malta plc
---------------------------- ---------------------------------------------------
Mexico Banamex S.A.
---------------------------- ---------------------------------------------------
Morocco Banque Commerciale du Maroc
---------------------------- ---------------------------------------------------
Netherlands Citibank, N.A.
---------------------------- ---------------------------------------------------
New Zealand Citibank Nominees (New Zealand) Limited
---------------------------- ---------------------------------------------------
Norway Nordea Bank Norge ASA
---------------------------- ---------------------------------------------------
Oman HSBC Bank Middle East Ltd.
---------------------------- ---------------------------------------------------
Pakistan Citibank, N.A.
---------------------------- ---------------------------------------------------
Palestine Autonomous Area HSBC Bank Middle East Ltd.
---------------------------- ---------------------------------------------------
Peru Citibank del Peru S.A.
---------------------------- ---------------------------------------------------
Philippines Citibank, N.A.
---------------------------- ---------------------------------------------------
Poland Bank Handlowy w Warszawie S.A.
---------------------------- ---------------------------------------------------
Portugal Citibank International Plc
---------------------------- ---------------------------------------------------
Qatar HSBC Bank Middle East Ltd.
---------------------------- ---------------------------------------------------
Romania Citibank Romania S.A
---------------------------- ---------------------------------------------------
Russia ZAO Citibank
---------------------------- ---------------------------------------------------
Saudi Arabia The Saudi British Bank Ltd., Riyadh
---------------------------- ---------------------------------------------------
Singapore Citibank, N.A.
---------------------------- ---------------------------------------------------
Slovak Republic Citibank (Slovakia) a.s.
---------------------------- ---------------------------------------------------
Slovenia Bank Austria
---------------------------- ---------------------------------------------------
South Africa First National Bank of South Africa Limited
---------------------------- ---------------------------------------------------
Spain Citibank International Plc
---------------------------- ---------------------------------------------------
Sri Lanka Citibank, N.A.
---------------------------- ---------------------------------------------------
Sweden SEB
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COUNTRY/MARKET SUBCUSTODIAN(S)
---------------------------- ---------------------------------------------------
Switzerland Citibank, N.A.
---------------------------- ---------------------------------------------------
Taiwan Citibank, N.A.
---------------------------- ---------------------------------------------------
Thailand Citibank, N.A.
---------------------------- ---------------------------------------------------
Tunisia Banque Internationale Arabe de Tunisie
---------------------------- ---------------------------------------------------
Turkey Citibank A.S.
---------------------------- ---------------------------------------------------
Ukraine ING Bank
---------------------------- ---------------------------------------------------
United Kingdom Citibank, N.A.
---------------------------- ---------------------------------------------------
United States Citibank, N.A.
---------------------------- ---------------------------------------------------
Venezuela Citibank, N.A.
---------------------------- ---------------------------------------------------
Vietnam Citibank, N.A.
---------------------------- ---------------------------------------------------
Zimbabwe Barclays Bank of Zimbabwe Limited
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*Assets maintained in a particular Country/Market may be maintained only at the
Subcustodian(s) listed for that Country/Market*
