AMENDMENT, dated June 15, 2001 , to the Custody Agreements listed in
schedule 1 to this Amendment (each an "Agreement") between the funds listed in
schedule 1 hereto (each a "Customer"), and The Chase Manhattan Bank ("Bank").
It is hereby agreed as follows:
Section 1. Except as modified herby, the Agreement is confirmed in all
respects. Capitalized terms used herein without definition shall have the
meanings ascribed to them in the Agreement.
Section 2. The Agreement is amended by deleting the Investment Company
Rider thereto and inserting, in lieu thereof, the following Rider:
I. Add the following after the first sentence of Section 3 of the
Agreement:
At the request of Customer, Bank may, but need not, add to Schedule A an
Eligible Foreign Custodian where Bank has not acted as Foreign Custody
Manager with respect to the selection thereof. Bank shall notify Customer
in the event that it elects to add any such entity.
II. Add the following language to the end of Section 3 of the Agreement:
(i) The term Subcustodian as used herein shall mean the following:
(a) a "U.S. Bank," which shall mean a U.S. bank as defined in rule
17f-5(a)(7); and
(b) an "Eligible Foreign Custodian," which, as defined in rule 17f-5(a)(1)
and (5), 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 (ii) a majority-owned direct or indirect subsidiary of a U.S.
Bank or bank holding company which subsidiary is incorporated or organized
under the laws of a country other than the United States. In addition, an
Eligible Foreign Custodian shall also mean any other entity that shall have
been so qualified by exemptive order, rule or other appropriate action of
the SEC.
(ii) The term "securities depository" as used herein shall mean the
following when referring to a securities depository located:
(a) outside the U.S., an "Eligible Securities Depository" which, in turn,
shall have the same meaning as in rule 17f-7(b)(1)(i)-(vi) as the same may
be amended from time to time, or that has otherwise been made exempt by an
SEC exemptive order, rule other appropriate SEC action, except that prior
to the compliance date with rule 17f-7 for a particular securities
depository the term "securities depository" shall be as defined in
(a)(1)(ii)-(iii) of the 1997 amendments to rule 17f-5.
(b) in the U.S., a "securities depository" as defined in SEC rule 17f-4(a).
(iii) For purposes of clarity, it is understood and agreed that the term
Subcustodian shall not include any securities depository. For purposes of
the provisions of the Agreement imposing liability on Bank, the term
Subcustodian shall not include any Eligible Foreign Custodian as to which
Bank has not acted as Foreign Custody Manager.
III. "Add new Section 16 to the Agreement as follows:
16. COMPLIANCE WITH SECURITIES AND EXCHANGE COMMISSION RULE 17F-5
("RULE 17F-5").
(a) Customer's board of directors (or equivant body) (hereinafter "Board")
hereby delegates to Bank, and Bank hereby accepts the delegation to it of, the
obligation to perform as Customer's "Foreign Custody Manager" (as that term is
defined in rule 17f-5(a)(3)), including for the purposes of: (i) selecting
Eligible Foreign Custodians (as that term is defined in rule 17f-5(a)(1), as
the same may be amended from time to time, or that have otherwise been exempted
by SEC exemptive order, rule other appropriate SEC action) to hold Customer's
Foreign Assets, and (ii) evaluating the contractual arrangements with such
Eligible Foreign Custodians (as set forth in rule 17f-5(c)(2)), and (iii)
monitoring such foreign custody arrangements (as set forth in rule
17f-5(c)(3)).
(b) In connection with the foregoing, Bank shall:
(i) provide written reports notifying Customer's Board of the placement of
Foreign Assets with particular Eligible Foreign Custodians and of any
material change in the arrangements with such Eligible Foreign Custodians,
with such reports to be provided to Customer's Board at such times as the
Board deems reasonable and appropriate based on the circumstances of
Customer's foreign custody arrangements but until further notice from
Customer requesting a different schedule, such reports shall be provided
not less than quarterly in summary form, with a more detailed report
annually.
(ii) exercise such reasonable care, prudence and diligence in performing as
Customer's Foreign Custody Manager as a person having responsibility for
the safekeeping of Foreign Assets would exercise;
(iii) in selecting an Eligible Foreign Custodian, first have determined
that Foreign Assets placed and maintained in the safekeeping of such
Eligible Foreign Custodian shall be subject to reasonable care, based on
the standards applicable to custodians in the relevant market, after having
considered all factors relevant to the safekeeping of such Assets,
including, without limitation, those factors set forth in rule
17f-5(c)(1)(i)-(iv);
(iv) determine that the written contract with the Eligible Foreign
Custodian will provide reasonable care for Foreign Assets based on the
standards applicable to custodians in the relevant market as provided in
rule 17f-5(c)(1); and that such written contract contains the provisions
set forth in Rule 17f-5(c)(2) or other provisions that the Bank determines
will provide, in their entirety, the same or greater level of care and
protection for the Foreign Assets: and
(v) have established a system to monitor the continued appropriateness of
maintaining Foreign Assets with particular Eligible Foreign Custodians and
performance of the governing contractual arrangements; (vi) in the event
that Bank shall have determined that the existing Eligible Foreign
Custodian in a given country would no longer afford Foreign Assets
reasonable care, Bank shall notify Customer and promptly select another
Eligible Foreign Custodian in such country and shall arrange for the
transfer of any Foreign Assets to that Custodian as soon as practicable; it
being understood, however, that in the event that Bank shall have
determined that no other Eligible Foreign Custodian in that country would
afford reasonable care, Bank shall promptly so advise Customer and shall
then act in accordance with the Instructions of Customer with respect to
the disposition of the affected Foreign Assets.
Subject to (b)(i)-(v) above, Bank is hereby authorized to place and maintain
Foreign Assets on behalf of Customer with Eligible Foreign Custodians pursuant
to a written contract deemed appropriate by Bank.
(c) Except as expressly provided herein and in Section 17 hereof, Customer
shall be solely responsible to assure that the maintenance of Foreign Assets
hereunder complies with the rules, regulations, interpretations and exemptive
orders promulgated by or under the authority of the SEC.
(d) Bank represents to Customer that it is a U.S. Bank defined in rule
17f-5(a)(7). Customer represents to Bank that: (1) the Assets being placed and
maintained in Bank's custody are subject to the Investment Company Act of 1940,
as amended (the "1940 Act") as the same may be amended from time to time; (2)
its Board (or other governing body) has determined that it is reasonable to
rely on Bank to perform as Customer's Foreign Custody Manager; and (3) its
Board (or other governing body) or its investment adviser shall have determined
that Customer may maintain Foreign Assets in each country in which Customer's
Foreign Assets shall be held hereunder and determined to accept the risks
arising therefrom (including, but not limited to, a country's financial
infrastructure, prevailing custody and settlement practices, laws applicable to
the safekeeping and recovery of Foreign Assets held in custody, and the
likelihood of nationalization, currently controls and the like) (collectively
("Country Risk")). Nothing contained herein shall require Bank to make any
selection on behalf of Customer that would entail consideration of Country Risk
and, except as may be provided in (e) below, to engage in any monitoring of
Country Risk.
2
(e) Bank shall provide to Customer such information relating to Country
Risk as is specified in Appendix 1-A hereto. Customer hereby acknowledges that:
(i) such information is solely designed to inform Customer of market conditions
and procedures and is not intended as a recommendation to invest or not invest
in particular markets; and (ii) Bank has gathered the information from sources
it considers reliable, but that Bank shall have no responsibility for
inaccuracies or incomplete information.
IV. Add the following language to the end of the first sentence of Section
4(d) of the Agreement: "or, in the case of cash deposits, except for liens or
rights in favor of creditors of the Subcustodian arising under bankruptcy,
insolvency or similar laws."
V. Add a new Section 17 to the Agreement as follows:
17. COMPLIANCE WITH SECURITIES AND EXCHANGE COMMISSION RULE 17F-7
("RULE
(a) Bank shall, for consideration by Customer, provide an analysis in
accordance with the rule 17f-7(a)(1)(i)(A) of the custody risks associated with
maintaining Customer's Foreign Assets with each Eligible Securities Depository
used by Bank as of the date hereof (or, in the case of an Eligible Securities
Depository not used by Bank as of the date hereof, prior to the initial
placement of Customer's Foreign Assets at such Depository) and at which any
Foreign Assets of Customer are held or are expected to be held. The foregoing
analysis will be provided to Customer at Bank's Website. In connection with the
foregoing, Customer shall notify Bank of any Eligible Securities Depositories
at which it does not choose to have its Foreign Assets held. Bank shall monitor
the custody risks associated with maintaining Customer's Foreign Assets at each
such Eligible Securities Depository on a continuing basis and shall promptly
notify Customer or its adviser of any material changes in such risks.
(b) Bank shall exercise reasonable care, prudence and diligence in
performing the requirements set forth in Section 17(a) above.
(c) Based on the information available to it in the exercise of diligence,
Bank shall determine the eligibility under rule 17f-7 of each depository before
including it on Appendix 1-B hereto and shall promptly advise Customer if any
Eligible Securities Depository ceases to be eligible and shall then act in
accordance with instructions of Customer with respect to the disposition of any
Foreign Assets held by such depository. (Eligible Securities Depositories used
by Bank as of the date hereof are set forth in Appendix 1-B hereto, and as the
same may be amended on notice to Customer from time to time.)
(d) Bank need not commence performing any of the duties set forth in this
Section 17 prior to March 31, 2001, but Bank shall advise Customer if it is
prepared to commence such duties prior to such date as to particular
depositories.
------------------------------------------
IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first above written.
[On behalf of each Customer listed in schedule 1] CHASE MANHATTAN BANK
By: /s/ Xxxxx Xxxx By: /s/ Xxxxxxxxx XxXxxxxx
------------------------------------ ----------------------------------
Name: Xxxxx Xxxx Name: Xxxxxxxxx XxXxxxxx
Title: Vice President Title: Vice President
Date: 6/15/01 Date: 6/22/01
3
SCHEDULE 1
FUNDS CUSTODY AGREEMENT DATE
------------------------------------------------------------------------ -----------------------
MSDW World Wide Income Trust Sept. 20, 1991
MSDW European Growth Fund Inc. March 28, 1990
MSDW Pacific Growth Fund Inc. Nov. 30, 1990
MSDW Variable Invest-Euro Growth Feb. 28, 1991
MSDW Var Invest-Glob Dividend Growth Feb. 11, 1994
MSDW Variable Invest-Pacific Growth Feb. 11, 1994
MSDW Latin Amer Growth Fund Oct. 30, 1992
MSDW Global Dividend Growth Securities April 28, 1993
MSDW International SmallCap Fund June 2, 1994
MSDW Select Dimensions Invest Series--Diversified Income Portfolio Nov. 7, 1994
MSDW Select Dimensions Invest Series--The Emerging Markets Portfolio Nov. 9, 1994
XX Xxxx Xxxxxx Information Fund Sept. 18, 1995
XX Xxxx Xxxxxx Japan Fund Feb. 28, 1996
MSDW Worldwide High Yield Fund
MSDW International Fund May 4, 1999
MSDW Variable Series Information Portfolio Nov. 6, 2000
MSDW Competitive Edge (Lux SICAV)
MSDW Sicav U.S. Growth and Income
MSDW Diversified Income Jan. 16, 1992
Xxxxxx Xxxxxxx: TCW/DW Emerging Markets Opportunities Trust
MSDW International Value Equity Fund Feb. 14, 2001
SCHEDULE 1
1. Xxxxxx Xxxxxxx Diversified Income Trust
2. Xxxxxx Xxxxxxx European Growth Fund Inc.
3. Xxxxxx Xxxxxxx Global Dividend Growth Securities
4. Xxxxxx Xxxxxxx Information Fund
5. Xxxxxx Xxxxxxx International Fund
6. Xxxxxx Xxxxxxx International SmallCap Fund
7. Xxxxxx Xxxxxxx International Value Equity Fund
8. Xxxxxx Xxxxxxx Japan Fund
9. Xxxxxx Xxxxxxx Latin American Growth Fund
10. Xxxxxx Xxxxxxx Xxxx Xxxxxx Pacific Growth Fund Inc.
11. Xxxxxx Xxxxxxx Select Dimensions Investment Series:
The Diversified Income Portfolio
The Emerging Markets Portfolio
12. Xxxxxx Xxxxxxx Variable Investment Series:
The European Growth Portfolio
The Global Dividend Growth Portfolio
The Information Portfolio
The Pacific Growth Portfolio
APPENDIX 1-A
INFORMATION REGARDING COUNTRY RISK
1. To aid Customer in its determinations regarding Country Risk, Bank
shall furnish annually and upon the initial placing of Foreign Assets into a
country the following information (check items applicable):
A. Opinions of local counsel concerning:
-- i. Whether applicable foreign law would restrict the access afforded Customer's independent
public accountants to books and records kept by an Eligible Foreign Custodian located in
that country.
-- ii. Whether applicable foreign law would restrict the Customer's ability to recover its assets in
the event of the bankruptcy of an Eligible Foreign Custodian located in that country.
-- iii. Whether applicable foreign law would restrict the Customer's ability to recover assets that
are lost while under the control of an Eligible Foreign Custodian located in the country.
B. Written information concerning:
-- i. The likelihood of expropriation, nationalization, freezes, or confiscation of Customer's
assets.
-- ii. Whether difficulties in converting Customer's cash and cash equivalents to U.S. dollars are
reasonably foreseeable.
C. A market report with respect to the following topics:
(i) securities regulatory environment, (ii) foreign ownership restrictions, (iii) foreign exchange, (iv)
securities settlement and registration, (v) taxation, (vi) market settlement risk, (vii) Eligible
Securities Depositories (including Depository evaluation), if any.
2. Bank shall furnish the following additional information:
Market flashes, including with respect to changes in the information in market reports.
Appendix 1-B
ELIGIBLE SECURITIES DEPOSITORIES
Appendix 1-B
SECURITIES DEPOSITORIES
-------------------------------------------------------------------------------------------------------------------
COUNTRY DEPOSITORY INSTRUMENTS
-------------------------------------------------------------------------------------------------------------------
ARGENTINA CVSA Equity, Corporate Debt, Government
(Caja de Valores S.A.) Debt
-------------------------------------------------------------------------------------------------------------------
ARGENTINA CRYL Government Debt
(Central de Registration y Liquidacion de
Instrumentos de Endeudamiento Publico)
-------------------------------------------------------------------------------------------------------------------
AUSTRALIA AUSTRACLEAR LIMITED Corporate Debt, Money Market,
Semi-Government Debt
-------------------------------------------------------------------------------------------------------------------
AUSTRALIA CHESS Equity
(Clearing House Electronic Sub-register System)
-------------------------------------------------------------------------------------------------------------------
AUSTRALIA RITS Government Debt
(Reserve Bank of Australia/Reserve Bank Information
and Transfer System)
-------------------------------------------------------------------------------------------------------------------
AUSTRIA OEKB Equity, Corporate Debt, Government
(Oesterreichische Kontrollbank AG) Debt
-------------------------------------------------------------------------------------------------------------------
BELGIUM CIK Equity, Corporate Debt
(Caisse Interprofessionnelle de Depots et de Virements
de Titres S.A.)
-------------------------------------------------------------------------------------------------------------------
XXXXXXX XXX Corporate Debt, Government Debt
(National Bank of Belgium)
-------------------------------------------------------------------------------------------------------------------
BRAZIL CBLC Equity
(Companhia Brasileira de Liquidacao e Custodia)
-------------------------------------------------------------------------------------------------------------------
BRAZIL CETIP Corporate Debt
(Central de Custodia e Liquidacao Financiera de Titulos
Privados)
-------------------------------------------------------------------------------------------------------------------
BRAZIL SELIC Government Debt
(Sistema Especial de Liquidacao e Custodia)
-------------------------------------------------------------------------------------------------------------------
BULGARIA BNB Government Debt
(Bulgaria National Bank)
-------------------------------------------------------------------------------------------------------------------
BULGARIA CDAD Equity, Corporate Debt
(Central Depository A.D.)
-------------------------------------------------------------------------------------------------------------------
CANADA CDS Equity, Corporate, Government Debt
(The Canadian Depository for Securities Limited)
-------------------------------------------------------------------------------------------------------------------
CHILE DCV Equity, Corporate Debt, Government
(Deposito Central de Valores S.A.) Debt
-------------------------------------------------------------------------------------------------------------------
CHINA, SSCCRC Equity
SHANGHAI (Shanghai Securities Central Clearing and Registration
Corporation)
-------------------------------------------------------------------------------------------------------------------
CHINA, SSCC Equity
SHENZHEN (Shenzhen Securities Clearing Company, Limited)
-------------------------------------------------------------------------------------------------------------------
COLOMBIA DCV Government Debt
(Deposito Central de Valores)
-------------------------------------------------------------------------------------------------------------------
COLOMBIA DECEVAL Equity, Corporate Debt, Government
(Deposito Centralizado de Valores de Colombia S.A.) Debt
-------------------------------------------------------------------------------------------------------------------
CROATIA SDA Equity, Government Debt
(Central Depository Agency Inc.-Stredisnja depozitarna
agencija d.d.)
-------------------------------------------------------------------------------------------------------------------
CROATIA MINISTRY OF FINANCE OF THE REPUBLIC OF Short-term debt issued by the
CROATIA Ministry of Finance.
-------------------------------------------------------------------------------------------------------------------
CROATIA CNB Short-term debt issued by the
(Croatian National Bank) National Bank of Croatia.
-------------------------------------------------------------------------------------------------------------------
1-B-1
Appendix 1-B
SECURITIES DEPOSITORIES
-------------------------------------------------------------------------------------------------------------------
COUNTRY DEPOSITORY INSTRUMENTS
-------------------------------------------------------------------------------------------------------------------
CZECH REPUBLIC SCP Equity, Corporate Debt, Government
(Stredisko cennych papiru) Debt
-------------------------------------------------------------------------------------------------------------------
CZECH REPUBLIC CNB Government Debt
(Czech National Bank)
-------------------------------------------------------------------------------------------------------------------
DENMARK VP Equity, Corporate Debt, Government
(Vaerdipapircentralen A/S) Debt
-------------------------------------------------------------------------------------------------------------------
EGYPT MCSD Equity, Corporate Debt
(Misr for Clearing, Settlement and Depository, S.A.E.)
-------------------------------------------------------------------------------------------------------------------
ESTONIA ECDS Equity, Corporate Debt, Government
(Estonian Central Depository for Securities Limited-Eesti Debt
Vaatpaberite Keskdepositoorium)
-------------------------------------------------------------------------------------------------------------------
EUROMARKET DCC Euro-CDs
(The Depository and Clearing Centre)
-------------------------------------------------------------------------------------------------------------------
EUROMARKET CLEARSTREAM Euro-Debt
(Clearstream Banking, S.A.)
-------------------------------------------------------------------------------------------------------------------
EUROMARKET EUROCLEAR Euro-Debt
-------------------------------------------------------------------------------------------------------------------
FINLAND APK Equity, Corporate Debt, Government
(Finnish Central Securities Depository Limited) Debt
-------------------------------------------------------------------------------------------------------------------
FRANCE EUROCLEAR FRANCE Equity, Corporate Debt, Government
Debt
-------------------------------------------------------------------------------------------------------------------
GERMANY CLEARSTREAM Equity, Corporate Debt, Government
(Clearstream Banking AG) Debt
-------------------------------------------------------------------------------------------------------------------
GREECE CSD Equity, Corporate Debt
(Central Securities Depository S.A.)
-------------------------------------------------------------------------------------------------------------------
GREECE BOG Government Debt
(Bank of Greece)
-------------------------------------------------------------------------------------------------------------------
HONG KONG HKSCC Equity
(Hong Kong Securities Clearing Company Limited)
-------------------------------------------------------------------------------------------------------------------
HONG KONG CMU Corporate Debt, Government Debt
(Central Moneymarkets Unit)
-------------------------------------------------------------------------------------------------------------------
HUNGARY XXXXXX Equity, Corporate Debt, Government
(Central Depository and Clearing House-Kosponti Debt
Elszamolohaz es Ertektar (Budapest) Rt.)
-------------------------------------------------------------------------------------------------------------------
INDIA NSDL Equity, Corporate Debt, Government
(National Securities Depository Limited) Debt
-------------------------------------------------------------------------------------------------------------------
INDIA CDSL Equity
(Central Depository Services (India) Limited)
-------------------------------------------------------------------------------------------------------------------
INDIA RBI Government Debt
(Reserve Bank of India)
-------------------------------------------------------------------------------------------------------------------
INDONESIA KSEI Equity, Corporate Debt
(PT Kustodian Sentral Efek Indonesia)
-------------------------------------------------------------------------------------------------------------------
IRELAND CREST Equity, Corporate Debt
(CRESTCo Limited)
-------------------------------------------------------------------------------------------------------------------
ISRAEL TASE CLEARING HOUSE Equity, Corporate Debt, Government
(Tel Aviv Stock Exchange Clearing House) Debt
-------------------------------------------------------------------------------------------------------------------
ITALY MONTE TITOLI S.P.A. Equity, Corporate Debt, Government
Debt
-------------------------------------------------------------------------------------------------------------------
ITALY BANCA D'ITALIA Government Debt
-------------------------------------------------------------------------------------------------------------------
1-B-2
Appendix 1-B
SECURITIES DEPOSITORIES
-------------------------------------------------------------------------------------------------------------------
COUNTRY DEPOSITORY INSTRUMENTS
-------------------------------------------------------------------------------------------------------------------
IVORY COAST DC/BR Equity
(Le Depositaire Central / Banque de Reglement)
-------------------------------------------------------------------------------------------------------------------
JAPAN JASDEC Equity, Convertible Debt
(Japan Securities Depository Center)
-------------------------------------------------------------------------------------------------------------------
JAPAN BOJ Registered Government Debt
(Bank of Japan)
-------------------------------------------------------------------------------------------------------------------
KAZAHKSTAN CSD Equity
(Central Securities Depository CJSC)
-------------------------------------------------------------------------------------------------------------------
KENYA CBCD Government Debt
(Central Bank Central Depository)
-------------------------------------------------------------------------------------------------------------------
LATVIA LCD Equity, Corporate Debt, Government
(Latvian Central Depository) Debt
-------------------------------------------------------------------------------------------------------------------
LEBANON MIDCLEAR X.X.X. Equity
(Custodian and Clearing Center of Financial Instruments
for Lebanon and the Middle East X.X.X.)
-------------------------------------------------------------------------------------------------------------------
LITHUANIA CSDL Equity, Corporate Debt, Government
(Central Securities Depository of Lithuania) Debt
-------------------------------------------------------------------------------------------------------------------
LUXEMBOURG CLEARSTREAM Equity
(Clearstream Banking S.A.)
-------------------------------------------------------------------------------------------------------------------
MALAYSIA MCD Equity, Corporate Debt, Government
(Malaysian Central Depository Sdn. Bhd.) Debt
-------------------------------------------------------------------------------------------------------------------
MAURITIUS CDS Equity, Corporate Debt
(Central Depository and Settlement Company Limited)
-------------------------------------------------------------------------------------------------------------------
MEXICO INDEVAL Equity, Corporate Debt, Government
(S.D. INDEVAL S.A. de C.V.) Debt
-------------------------------------------------------------------------------------------------------------------
MOROCCO MAROCLEAR Equity, Corporate Debt, Government
Debt
-------------------------------------------------------------------------------------------------------------------
NETHERLANDS NECIGEF Equity, Corporate Debt, Government
(Nederlands Centraal Insituut voor Giraal Debt
Effectenverkeer B.V.)
-------------------------------------------------------------------------------------------------------------------
NEW ZEALAND NZCSD Equity, Corporate Debt, Government
(New Zealand Central Securities Depository) Debt
-------------------------------------------------------------------------------------------------------------------
NIGERIA CSCS Equity, Corporate Debt, Government
(Central Securities Clearing System Limited) Debt
-------------------------------------------------------------------------------------------------------------------
NORWAY VPS Equity, Corporate Debt, Government
(Verdipapirsentralen) Debt
-------------------------------------------------------------------------------------------------------------------
OMAN MDSRC Equity, Corporate Debt
(The Muscat Depository and Securities Registration
Company, S.A.O.C.)
-------------------------------------------------------------------------------------------------------------------
PAKISTAN CDC Equity, Corporate Debt
(Central Depository Company of Pakistan Limited)
-------------------------------------------------------------------------------------------------------------------
PAKISTAN SBP Government Debt
(State Bank of Pakistan)
-------------------------------------------------------------------------------------------------------------------
PERU CAVALI Equity, Corporate Debt, Government
(CAVALI ICLV S.A.) Debt
-------------------------------------------------------------------------------------------------------------------
PHILIPPINES PCD Equity
(Philippine Central Depository Inc.)
-------------------------------------------------------------------------------------------------------------------
PHILIPPINES XXXX Government Debt
(Bangko Sentral ng Pilipinas / Register of Scripless
Securities)
-------------------------------------------------------------------------------------------------------------------
1-B-3
Appendix 1-B
SECURITIES DEPOSITORIES
-------------------------------------------------------------------------------------------------------------------
COUNTRY DEPOSITORY INSTRUMENTS
-------------------------------------------------------------------------------------------------------------------
POLAND NDS Equity, Long-Term Government
(National Depository for Securities S.A.) Debt
-------------------------------------------------------------------------------------------------------------------
POLAND CRT Short-Term Government Debt
(Central Registry of Treasury-Bills)
-------------------------------------------------------------------------------------------------------------------
PORTUGAL CVM Equity, Corporate Debt, Government
(Central de Valores Mobiliarios e Sistema de Debt
Liquidacao e Compensacao)
-------------------------------------------------------------------------------------------------------------------
ROMANIA SNCDD Equity
(National Company for Clearing, Settlement and
Depository for Securities)
-------------------------------------------------------------------------------------------------------------------
ROMANIA BSE Equity
(Bucharest Stock Exchange Registry)
-------------------------------------------------------------------------------------------------------------------
RUSSIA VTB Equity, Corporate Debt, Government
(Vneshtorgbank) Debt (Ministry of Finance Bonds)
-------------------------------------------------------------------------------------------------------------------
RUSSIA NDC Equity, Corporate Debt, Government
(National Depository Centre) Debt
-------------------------------------------------------------------------------------------------------------------
RUSSIA DCC Equity
(Depository Clearing Company)
-------------------------------------------------------------------------------------------------------------------
SINGAPORE CDP Equity, Corporate Debt
(The Central Depository (Pte) Limited)
-------------------------------------------------------------------------------------------------------------------
SINGAPORE SGS Government Debt
(Monetary Authority of Singapore / Singapore
Government Securities Book-Entry System)
-------------------------------------------------------------------------------------------------------------------
SLOVAK SCP Equity, Corporate Debt, Government
REPUBLIC (Stredisko cennych papierov SR Bratislava, a.s.)
-------------------------------------------------------------------------------------------------------------------
SLOVAK NBS Government Debt
REPUBLIC (National Bank of Slovakia)
-------------------------------------------------------------------------------------------------------------------
SLOVENIA KDD Equity, Corporate Debt, Government
(Centralna klirinsko depotna xxxxxx x.x.) Debt
-------------------------------------------------------------------------------------------------------------------
SOUTH AFRICA CDL Corporate Debt, Government Debt
(Central Depository (Pty) Limited)
-------------------------------------------------------------------------------------------------------------------
SOUTH AFRICA STRATE Equity
(Share Transactions Totally Electronic)
-------------------------------------------------------------------------------------------------------------------
SOUTH KOREA KSD Equity, Corporate Debt, Government
(Korea Securities Depository) Debt
-------------------------------------------------------------------------------------------------------------------
SPAIN SCLV Equity, Corporate Debt
(Servicio de Compensacion y Liquidacion de Valores,
S.A.)
-------------------------------------------------------------------------------------------------------------------
SPAIN CBEO Government Debt
(Banco de Espana / Central Book Entry Office)
-------------------------------------------------------------------------------------------------------------------
SRI LANKA CDS Equity, Corporate Debt
(Central Depository System (Private) Limited)
-------------------------------------------------------------------------------------------------------------------
SWEDEN VPC Equity, Corporate Debt, Government
(Vardepapperscentralen AB) Debt
-------------------------------------------------------------------------------------------------------------------
SWITZERLAND SIS Equity, Corporate Debt, Government
(SIS SegalnterSettle AG) Debt
-------------------------------------------------------------------------------------------------------------------
TAIWAN TSCD Equity, Government Debt
(Taiwan Securities Central Depository Co., Ltd.)
-------------------------------------------------------------------------------------------------------------------
THAILAND TSD Equity, Corporate Debt, Government
(Thailand Securities Depository Company Limited) Debt
-------------------------------------------------------------------------------------------------------------------
1-B-4
Appendix 1-B
SECURITIES DEPOSITORIES
-------------------------------------------------------------------------------------------------------------------
COUNTRY DEPOSITORY INSTRUMENTS
-------------------------------------------------------------------------------------------------------------------
TUNISIA STICODEVAM Equity, Corporate Debt, Government
(Societe Tunisienne Interprofessionnelle pour la Debt
Compensation et le Depot des Valeurs Mobilieres)
-------------------------------------------------------------------------------------------------------------------
TURKEY TAKASBANK Equity, Corporate Debt, Government
(IMKB Takas ve Saklama Bankasi A.S.) Debt
-------------------------------------------------------------------------------------------------------------------
UNITED CREST Equity, Corporate Debt, Government
KINGDOM (CRESTCo Limited) Debt
-------------------------------------------------------------------------------------------------------------------
UNITED CMO Sterling & Euro CDs, Commercial
KINGDOM (Central Moneymarkets Office) Paper
-------------------------------------------------------------------------------------------------------------------
UNITED STATES DTC Equity, Corporate Debt
(Depository Trust Company)
-------------------------------------------------------------------------------------------------------------------
UNITED STATES PTC Mortgage Back Debt
(Participants Trust Company)
-------------------------------------------------------------------------------------------------------------------
UNITED STATES FED Government Debt
(The Federal Reserve Book-Entry System)
-------------------------------------------------------------------------------------------------------------------
URUGUAY BCU Corporate Debt, Government Debt
(Banco Central del Uruguay)
-------------------------------------------------------------------------------------------------------------------
VENEZUELA BCV Government Debt
(Banco Central de Venezuela)
-------------------------------------------------------------------------------------------------------------------
ZAMBIA CSD Equity, Government Debt
(XxXX Central Shares Depository Limited)
-------------------------------------------------------------------------------------------------------------------
ZAMBIA BOZ Government Debt
(Bank of Zambia)
-------------------------------------------------------------------------------------------------------------------
1-B-5
