AMENDMENT TO THE AGENCY AGREEMENT
AMENDMENT TO THE
THIS AMENDMENT made as of the 27 day of March 2018 (the “Amendment”) hereby amends the Global Securities Lending Agency Agreement (the “Agency Agreement”) dated as of May 30, 2014, between HC Capital Trust (the “Lender”) and Citibank, National Association (“Agent”) (collectively, the “Parties”). All capitalized terms used but not defined herein shall have the meaning given to them in the Agency Agreement.
WHEREAS, Lender wishes to amend the Agency Agreement to add new Designated Accounts for lending; and
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the Parties hereby agree as follows:
| 1. | Exhibit A |
The original Exhibit A to the Agency Agreement is hereby deleted in its entirety and replaced with the Amended Exhibit A attached hereto.
| 2. | Miscellaneous |
| (a) | This Amendment supplements and amends the Agency Agreement. The provisions set forth in this Amendment supersede all prior negotiations, understandings and agreements bearing upon the subject matter covered herein, including any conflicting provisions of the Agency Agreement or any provisions of the Agency Agreement that directly cover or indirectly bear upon matters covered under this Amendment. |
| (b) | Each reference to the Agency Agreement in that document and in every other agreement, contract or instrument to which the Parties are bound, shall hereafter be construed as a reference to the Agency Agreement as separately amended by this Amendment. Except as provided in this Amendment, the provisions of the Agency Agreement remain in full force and effect. No amendment or modification to this Amendment shall be valid unless made in writing and executed by each party hereto. |
| (c) | This Amendment may be executed in counterparts, each of which shall be an original but all of which, taken together, shall constitute one and the same agreement. |
IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed all as of the day and year first above written.
| Citibank, N.A., as Agent | HC Capital Trust, as Lender | |||||||
| By: | /s/ Xxxxxxx Xxxxxxxxx |
By: | /s/ Xxxx Xxxxxxxx | |||||
| Name: | Xxxxxxx Xxxxxxxxx | Name: | Xxxx Xxxxxxxx | |||||
| Title: | Director | Title: | Assistant Treasurer | |||||
| Date: | 3/27/2018 | Date: | 3/27/2018 | |||||
AMENDED EXHIBIT A
to the Global Securities Lending Agency Agreement,
Between CITIBANK, N.A, As the Agent
and the Lender
LIST OF DESIGNATED HC CAPITAL TRUST ACCOUNTS*
| 1. | No more than 5% of aggregate HCT fund assets should be lent at any time |
| 2. | No more than 10% of the assets of any one of the Designated Accounts should be lent at any time |
| 3. | Only securities with spread of 100 bps or more should be lent |
| * | See List of Designated Accounts below: |
| Portfolio Name/Specialist Manager |
STT | |||
| The Value Equity Portfolio | ||||
| AllianceBernstein L.P. | 12VE | |||
| Cadence Capital Management | 14VG | |||
| Parametric Portfolio Associates, LLC | 17V1 | |||
| Parametric Portfolio Associates LLC | 19VG | |||
| The Institutional Value Equity Portfolio | ||||
| AllianceBernstein L.P. | 12VF | |||
| Cadence Capital Management | 14VI | |||
| Parametric Portfolio Associates, LLC | 17V2 | |||
| The Growth Equity Portfolio | ||||
| Xxxxxxxx Associates LLC | 11VA | |||
| Sustainable Growth Advisers | 11V5 | |||
| Mellon Capital Management | 12VS | |||
| Parametric Portfolio Associates, LLC | 17V3 | |||
| Parametric Portfolio Associates LLC | 19VD | |||
| The Institutional Growth Equity Portfolio | ||||
| Xxxxxxxx Associates LLC | 12V1 | |||
| Sustainable Growth Advisers | 12V3 | |||
| Mellon Capital Management | 12VU | |||
| Parametric Portfolio Associates, LLC | 17V4 | |||
| The Small Capitalization - Mid Capitalization Equity Portfolio | ||||
| Frontier Capital Management Company, LLC | 11VG | |||
| Mellon Capital Management | 11VE | |||
| IronBridge Capital Management LP | 11V2 | |||
| Pzena Investment Management, LLC | 14V1 | |||
| Xxxxx Investment Management | 14VL | |||
| Mellon Capital Management | 14VU | |||
| Ariel Investments | 15VN | |||
| Parametric Portfolio Associates, LLC | 17V5 | |||
| Parametric Portfolio Associates LLC | 19VF | |||
| The Institutional Small Capitalization Mid Capitalization Equity Portfolio | ||||
| Frontier Capital Management Company, LLC | 12V6 | |||
| IronBridge Capital Management LP | 12V8 | |||
| Pzena Investment Management, LLC | 14V3 | |||
| Xxxxx Investment Management | 14VM | |||
| Mellon Capital Management | 14VW | |||
| Parametric Portfolio Associates, LLC | 17V6 | |||
| The Real Estate Securities Portfolio | ||||
| Wellington Management Company, LLP | 12V0 | |||
| Parametric Portfolio Associates, LLC | 17V7 | |||
| The Commodity Returns Strategy Portfolio | ||||
| Wellington Management Company, LLP | 12VJ | |||
| Wellington Management Company, LLP (Cash) | 14VE | |||
| PIMCO | 12VL | |||
| Mellon Capital Management | 14VQ | |||
| Wellington Management Company, LLP (CFC) | 12VQ | |||
| PIMCO (CFC) | 12VR | |||
| Parametric Portfolio Associates, LLC | 17V8 | |||
| Parametric Portfolio Associates LLC | 19VA | |||
| The International Equity Portfolio | ||||
| Causeway Capital Management LLC | 11V6 | |||
| Artisan Partners Limited Partnership | 11VL | |||
| Capital Guardian Trust Company | 11VM | |||
| Cadence Capital Management | 14V6 | |||
| Mellon Capital Management | 15VI | |||
| Parametric Portfolio Associates, LLC | 17V9 | |||
| Parametric Portfolio Associates LLC | 19VE | |||
| The Institutional International Equity Portfolio | ||||
| Causeway Capital Management LLC | 12VD | |||
| Artisan Partners Limited Partnership | 12VA | |||
| Capital Guardian Trust Company | 12VB | |||
| Cadence Capital Management | 14V7 | |||
| Lazard | 14VS | |||
| Mellon Capital Management | 15VJ | |||
| Parametric Portfolio Associates, LLC | 17WA | |||
| The Emerging Markets Portfolio | ||||
| Boston Company Asset Management, LLC | 14V4 | |||
| Mellon Capital Management | 14V5 | |||
| Parametric Portfolio Associates, LLC | 17WB | |||
| RBC Global Asset Management (UK) Limited | 17WJ | |||
| Parametric Portfolio Associates LLC | 19VB | |||
| The Core Fixed Income Portfolio | ||||
| Agincourt Capital Management LLC | 14VB | |||
| Mellon Capital Management | 14VD | |||
| Mellon Capital Management Corp (Effective 01/08/13 Old: Blackrock) |
14VA | |||
| The Fixed Income Opportunity Portfolio | ||||
| Mellon Capital Management | 11VJ | |||
| Fort Washington Investment Advisors, Inc. | 15VB | |||
| Parametric Portfolio Associates, LLC | 17WD | |||
| The US Corporate Fixed Income Portfolio | ||||
| Agincourt Capital Management LLC | 12VX | |||
| The ESG Growth Portfolio | ||||
| Cadence Capital Management | 17VI | |||
| Mellon Capital Management Corp | 17VJ | |||
| Parametric Portfolio Associates, LLC | 17WE | |||
| The Catholic SRI Growth Portfolio | ||||
| Cadence Capital Management | 17VW | |||
| Mellon Capital Management Corp | 17VU | |||
| Parametric Portfolio Associates, LLC | 17WF |
To the extent the custodian listed above is not Citibank, N.A., the Lender agrees to give irrevocable instructions to the applicable custodian substantially in the form of those set out in Annex 1 to this Exhibit A.
| CITIBANK, N.A., as Agent | HC Capital Trust, as Lender | |||||||
| By: | /s/ Xxxxxxx Xxxxxxxxx |
By: | /s/ Xxxx Xxxxxxxx | |||||
| Name: | Xxxxxxx Xxxxxxxxx | Name: | Xxxx Xxxxxxxx | |||||
| Title: | Director | Title: | Assistant Treasurer | |||||
| Dated as of: 3/27/2018 | ||||||||
