EX-(g)(xii)
RULE 17F-5 AND 17F-7 SERVICES AGREEMENT
This Agreement is made, as of May 22, 2002, separately by and between
each of Schwab Capital Trust, Schwab Investments, The Xxxxxxx Xxxxxx Family of
Funds and Schwab Annuity Portfolios (each a "Fund") and PFPC Trust Company
("PFPC ").
WHEREAS each Fund has retained PFPC to provide custody services to
certain of its investment portfolios (each a "Portfolio") pursuant to a
Custodian Services Agreement dated May 22, 2002.
WHEREAS each Portfolio may from time to time determine to invest and
maintain some of its assets outside of the United States.
WHEREAS, subject to and in accordance with the provisions set forth in
this Agreement, each Fund wishes to appoint PFPC to serve as Foreign Custody
Manager under Securities and Exchange Commission Rule 17f-5 ("Rule 17f-5") under
the Investment Company Act of 1940 ("1940 Act") and to provide risk analysis and
monitoring required under sub-sections (a)(1)(i)(A) and (B) of Securities and
Exchange Commission Rule 17f-7 ("Rule 17f-7") under the 1940 Act.
WHEREAS, subject to and in accordance with the provisions set forth in
this Agreement, PFPC wishes to serve as Foreign Custody Manager under Rule 17f-5
and provide risk analysis and monitoring required under sub-sections
(a)(1)(i)(A) and (B) of Rule 17f-7.
NOW THEREFORE, in consideration of the mutual covenants and agreements
contained herein, each Fund and PFPC hereby agree as follows:
A. Foreign Custody Manager. With respect to "Foreign Assets" (as defined
below) in the jurisdictions listed on Schedule A hereto (as the same may be
changed by PFPC from time to time), PFPC will perform the duties of a "Foreign
Custody Manager" as set forth in Rule 17f-5, subject to and in accordance with
the provisions set out in this Agreement. In consideration of PFPC's agreement
to so perform, each Fund agrees to the provisions set forth in Paragraphs A and
C-L of this Agreement.
1.PFPC shall select, place and maintain "Foreign Assets" (as that
term is defined in Rule 17f-5(a)(2)) with an "Eligible Foreign Custodian" (as
that term is defined in Rule 17f-5(a)(1)), provided that PFPC shall have
determined that the Foreign Assets will 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 Foreign Assets,
including, without limitation, those factors set forth in Rule
17f-5(c)(1)(i)-(iv).
2. PFPC will assure that each foreign custody arrangement with an
Eligible Foreign Custodian be governed by a written contract that PFPC has
determined provides for the reasonable care of Foreign Assets based on the
standards specified in Rule 17f-5(c)(1). Each such contract shall include,
without limitation, all of the provisions specified in Rule
17f-5(c)(2)(i)(A)-(F). Alternatively, each such contract may contain, in lieu of
any or all of the provisions specified in Rule 17f-5(c)(2)(i)(A)-(F), such other
provisions that PFPC reasonably determines will provide, in their entirety, the
same or a greater level of care and protection for a Fund's investments as the
specified provisions, in their entirety.
3. PFPC will establish and maintain a system for the regular
monitoring of the appropriateness of both maintaining the Foreign Assets with
each Eligible Foreign Custodian and the custody contractual arrangements with
such Eligible Foreign Custodians, it being understood, however, that in the
event that PFPC shall have determined that the existing Eligible Foreign
Custodian in a given country no longer affords reasonable care to Foreign Assets
and that no other Eligible Foreign Custodian in that country would afford
reasonable care, PFPC shall promptly so advise the applicable Fund and shall
then act in accordance with authorized instructions with respect to the
disposition of the affected Foreign Assets.
4. PFPC shall provide to each Fund's Board of Trustees written
reports notifying the Board of the placement of the Fund's Foreign Assets with a
particular Eligible Foreign Custodian and of any material change in the Fund's
foreign custody arrangements, with the reports to be provided to the Board at
such times as the Board may deem reasonable and appropriate based on the
circumstances of the Fund's arrangements. Any report provided by PFPC pursuant
to this Sub-Paragraph A.4 may be in electronic form.
5. For purposes of clarity, it is understood and agreed that PFPC
shall not be responsible for any Foreign Custody Manager duties, including but
not limited to those described in Sub-Paragraphs A.1-4 above, with respect to
any securities depository.
6. In performing its duties under this Agreement, PFPC shall not
supervise, recommend or advise a Fund relative to the investment, purchase,
sale, retention or disposition of any Foreign Asset in any country, including
with respect to prevailing country risks. PFPC agrees to provide such
information in its possession as is specified in Schedule B hereto, as such
Schedule B may be amended from time to time between PFPC and a particular Fund.
In gathering such information, PFPC shall be subject to the standard of care set
forth in Paragraph D hereof, but shall not be deemed to warrant the specific
accuracy of such information. PFPC agrees to promptly notify a Fund at any time
that PFPC becomes aware of a material change to the information provided
pursuant to Schedule B, or if PFPC learns that any information previously
provided is incomplete or inaccurate. Each Fund hereby acknowledges that such
information is solely designed to inform the Fund of market conditions and
procedures and is not intended as a recommendation to invest or not invest in
particular markets.
7. Notwithstanding the provisions of any arrangements between any
Fund and PFPC or otherwise, but subject to Sub-Paragraphs A.1-3 above, each Fund
hereby agrees that its Foreign Assets may be maintained with any Eligible
Foreign Custodian.
B. Securities Depositories. PFPC will provide to the Funds the risk
analysis and monitoring required under sub-sections (a)(1)(i)(A) and (B) of Rule
17f-7 subject to and in accordance with the provisions set out in this
Agreement. In consideration of the provision of such risk analysis and
monitoring each Fund agrees to the provisions set forth in Paragraphs B through
L of this Agreement.
1. (a) As contemplated by Rule 17f-7, PFPC will provide a written
analysis (which may be in electronic form) to each Fund and its investment
adviser of the custody risks associated with maintaining the Fund's "Foreign
Assets" (as that term is defined in Rule 17f-5(a)(2) under the 0000 Xxx) with
each "Eligible Securities Depository" (as that term is defined in Rule
17f-7(b)(1)) listed on Schedule C hereto (as the same may be changed by PFPC
from time to time) and at which any Foreign Assets of the Fund are held or are
expected to be held. PFPC shall monitor the custody risks associated with
maintaining each applicable Fund's Foreign Assets at each such Eligible
Securities Depository on a continuing basis and shall promptly notify each
applicable Fund or its investment adviser in writing (which may be in electronic
form) of any material change in such risks.
(b) Based on the information available to it in the exercise
of diligence, PFPC shall determine the eligibility under Rule 17f-7(b)(1) of
each depository listed on Schedule C hereto (as the same may be changed by PFPC
from time to time) and shall promptly advise each Fund or its investment adviser
in writing (which may be in electronic form) if any such depository ceases to
meet the definition of an Eligible Securities Depository (as that term is
defined in Rule 17f-7(b)(1)).
2. Each Fund acknowledges that it may maintain Foreign Assets only at
the depositories listed on Schedule C hereto (as the same may be changed by PFPC
from time to time). Each Fund agrees and acknowledges that its Foreign Assets
may be held at any of the depositories listed on Schedule C hereto; provided
that if any Fund provides written notice to PFPC specifically stating that a
particular depository is not acceptable to it, then such Fund will not be deemed
to have agreed and acknowledged that its Foreign Assets may be held by that
particular depository.
3. Notwithstanding the provisions of any arrangements between any
Fund and PFPC or otherwise, each Fund hereby agrees that its Foreign Assets may
be maintained with any Eligible Securities Depository listed on Schedule C
hereto (provided that if any Fund provides written notice to PFPC specifically
stating that a particular depository is not acceptable to it, then such Fund
will not be deemed to have agreed that its Foreign Assets may be maintained by
that particular depository). PFPC will not be deemed to have chosen any such
Eligible Securities Depositories.
C. Third Parties. Each Fund acknowledges that PFPC (at its own expense)
may utilize a third party to carry out PFPC's activities set forth herein,
provided however, that the appointment or use of a third party will not relieve
PFPC of its obligations and responsibilities to a Fund under this Agreement, and
PFPC will be responsible and liable to a Fund for the acts or omissions of such
third party to the same extent that PFPC would be responsible and liable to the
Fund if such acts or omissions were PFPC's own in providing the services set
forth in this Agreement to such Fund (provided that in no event will PFPC be
liable to a Fund for any indirect, special or consequential losses or damages
(regardless of whether PFPC or such third party was aware of the possibility
thereof)).
D. Responsibility and Indemnification. In providing services pursuant to
this Agreement, PFPC shall exercise reasonable care, prudence and diligence
(such as a person having responsibility for the safekeeping of Foreign Assets
would exercise). PFPC will indemnify a Fund with respect to the services set
forth in this Agreement for the losses, liabilities and expenses suffered by the
Fund as a result of PFPC's (a) failure to exercise such reasonable care,
prudence and diligence (such as a person having responsibility for the
safekeeping of Foreign Assets would exercise), and (b) willful misfeasance, bad
faith, negligence or reckless disregard in carrying out its duties and
obligations under this Agreement, provided that in no event will PFPC be liable
to a Fund for any indirect, special or consequential losses or damages
(regardless of whether PFPC was aware of the possibility thereof). Each Fund
will indemnify PFPC for losses, liabilities and expenses suffered by PFPC with
respect to the matters set forth in this Agreement, except that a Fund will not
indemnify PFPC for such losses, liabilities and expenses arising out of PFPC's
(a) failure to exercise reasonable care, prudence and diligence (such as a
person having responsibility for the safekeeping of Foreign Assets would
exercise) in providing services to such Fund under this Agreement, or (b)
willful misfeasance, bad faith, negligence or reckless disregard of its duties
and obligations in providing services to such Fund under this
Agreement, provided that in no event will the Fund be liable for any indirect,
special or consequential losses or damages (regardless of whether the Fund was
aware of the possibility thereof).
E. Compensation. The fees for services rendered by PFPC under this
Agreement with respect to a particular Fund are included in the separate
custodian services fee letter between the Fund and PFPC in effect on the date
hereof, or as the same may be amended from time to time.
F. Integration. This Agreement shall supercede and replace each of the
Amendments to the respective Custodian Services Agreements between PFPC and the
Funds dated as of July 2, 2001 relating to PFPC's duties as Foreign Custody
Manager under Rule 17f-5 and relating to PFPC's duties to provide risk analysis
and monitoring required under sub-sections (a)(1)(i)(A) and (B) of Rule 17f-7.
G. Choice of Law. This Agreement and the provisions hereof shall be
construed in accordance with the laws of the State of New York, without regard
to its conflict of laws principles. This Agreement may be executed in
counterparts, all of which when taken together shall constitute one contract.
Delivery of an executed counterpart of this Agreement by facsimile transmission
shall be effective as delivery of a manually executed counterpart of this
Agreement. Each party hereto represents that it has taken all requisite action
(corporate or otherwise) to authorize the execution and delivery of this
Agreement. The captions in this Agreement are included for convenience of
reference only and in no way define or delimit any of the provisions hereof or
otherwise affect their construction or effect.
H. Declarations of Trust. The respective names Schwab Capital Trust,
Schwab Investments, The Xxxxxxx Xxxxxx Family of Funds and Schwab Annuity
Portfolios refers to each of such respective Funds and its Trustees, as Trustees
but not individually or personally, acting under their respective Declarations
of Trust dated May 6, 1993, October 26, 1990, May 9, 1995 and January 21, 1994.
The obligations of any one of the aforementioned Funds entered into in the name
of or on behalf of a Portfolio of such Fund by any of the Trustees,
representatives or agents of such Fund are made not individually, but in such
capacities. Such obligations are not binding upon any of the Trustees,
shareholders or representatives of such Fund personally, but bind only the
assets of such Fund belonging to such Portfolio for the enforcement of any
claims against such Fund.
I. Independent Transactions. Transactions entered into by one or more
Portfolios of the Funds are considered independent transactions and shall in no
way affect transactions entered into by any other Portfolio(s). Any amount owed
by the Funds with respect to any obligation arising out of the Agreement, as
amended, shall be paid only out of the assets and property of the particular
Portfolio(s) that entered into such transaction.
J. Each Fund represents that the Foreign Assets which are the subject
matter of this Agreement are subject to the 1940 Act. PFPC represents that it is
a U.S. Bank as defined in Rule 17f-5.
K. This Agreement may be terminated with respect to a particular Fund by
either such Fund or PFPC upon 60 days written notice to the other party.
L. PFPC is entering into this Agreement with each of the Funds
separately, and any duty, obligation or liability owed or incurred by PFPC with
respect to a particular Fund shall be owed or incurred solely with respect to
that Fund, and shall not in any way create any duty, obligation or liability
with respect to any other
Fund. This Agreement shall be interpreted to carry out the intent of the parties
hereto that PFPC is entering into a separate arrangement with each separate
Fund.
IN WITNESS WHEREOF, each of the respective parties hereto have caused this
Agreement to be executed on the day and year first above written.
PFPC TRUST COMPANY
/s/ Xxxxx X. Xxxxx
By: Xxxxx X. Xxxxx
Title: Vice President
SCHWAB CAPITAL TRUST
/s/ Tai-Xxxx Xxxx
By: Tai-Xxxx Xxxx
Title: Treasurer and Principal Financial Officer
SCHWAB INVESTMENTS
/s/ Tai-Xxxx Xxxx
By: Tai-Xxxx Xxxx
Title: Treasurer and Principal Financial Officer
THE XXXXXXX XXXXXX FAMILY OF FUNDS
/s/ Tai-Xxxx Xxxx
By: Tai-Xxxx Xxxx
Title: Treasurer and Principal Financial Officer
SCHWAB ANNUITY PORTFOLIOS
/s/ Tai-Xxxx Xxxx
By: Tai-Xxxx Xxxx
Title: Treasurer and Principal Financial Officer
SCHEDULE A
FOREIGN CUSTODY MANAGER JURISDICTIONS
COUNTRY SUB-CUSTODIAN CORRESPONDENT BANK
------- ------------- ------------------
ARGENTINA JPMorgan Chase Bank JPMorgan Chase Bank
Arenales 000, 0xx Xxxxx Xxxxxx Xxxxx
0000 Xxxxxx Xxxxx
XXXXXXXXX
AUSTRALIA JPMorgan Chase Bank Australia and New Zealand Banking
Xxxxx 00 Group Ltd.
AAP Center Melbourne
000, Xxxxxx Xxxxxx
Xxxxxx XXX 0000
XXXXXXXXX
AUSTRIA Bank Austria AG X.X. Xxxxxx AG
Xxxxxx Xxxxxxx Xxxxx - 0 Xxxxxxxxx
X-0000 Xxxxxx
XXXXXXX
BAHRAIN HSBC Bank Middle East National Bank of Bahrain
XX Xxx 00 Xxxxxx
Xxxxxx, 000
XXXXXXX
XXXXXXXXXX Standard Chartered Bank Standard Chartered Bank
18-20 Motijheel C.A. Xxxxx
Xxx 000,
Xxxxx-0000
XXXXXXXXXX
XXXXXXX Fortis Bank N.V. J.P. Xxxxxx XX
3 Xxxxxxxx Xx Xxxx Xxxxxxxxx
0000 Xxxxxxxx
XXXXXXX
BERMUDA The Bank of Bermuda Limited The Bank of Bermuda Ltd
0 Xxxxx Xxxxxx Xxxxxxxx
Xxxxxxxx HMDX
BERMUDA
BOTSWANA Barclays Bank of Botswana Limited Barclays Bank of Botswana Ltd
Barclays House, Khama Crescent Gaborone
Gaborone
BOTSWANA
BRAZIL Citibank, N.A. Citibank, N.A.
Xxxxxxx Xxxxxxxx, 0000 Xxx Xxxxx
Sao Paulo, SP 00000-000
XXXXXX
BankBoston, N.A. BankBoston, N.A.
Rua Libero Badaro, 425-29 andar Sao Paulo
Sao Paulo - SP 00000-000
XXXXXX
BULGARIA ING Bank N.V. ING Bank N.V.
Xxxxx Xxxxxx Sofia
12 Xxxx Bersinski Xxxxxx
Xxxx Xxxxx Xxxxxx
0000 Xxxxx
XXXXXXXX
CANADA Canadian Imperial Bank of Commerce Royal Bank of Canada
Xxxxxxxx Xxxxx Xxxx Xxxxxxx
Security Level
Toronto, Ontario M5L 1G9
CANADA
Royal Bank of Canada Royal Bank of Canada
000 Xxx Xxxxxx, Xxxxx 0000 Xxxxxxx
15th Floor
Xxxxx Xxxx Xxxxx, Xxxxx Xxxxx
Xxxxxxx
Xxxxxxx X0X 0X0
XXXXXX
7
CHILE Citibank, N.A. Citibank, N.A.
Xxxx. Xxxxxx Xxxxx 0000 Xxxxxxxx
0xx xxx 0xx Xxxxxx
Xxxxxxxx
XXXXX
CHINA - SHANGHAI The Hongkong and Shanghai Banking Citibank, N.A.
Corporation Limited New York
00/X, Xxxxxxxx Senmao International Building
101 Xxx Xxxxx Xxxx Xxxx
Xxxxxx
Xxxxxxxx 000000
THE PEOPLE'S REPUBLIC OF CHINA
CHINA - SHENZHEN The Hongkong and Shanghai Banking JPMorgan Chase Bank
Corporation Limited Hong Kong
0xx Xxxxx
Xxxxxxx Xxxxx Hotel
No.1 Xxxx Xxxx Lu
Shenzhen
THE PEOPLE'S REPUBLIC OF CHINA
COLOMBIA Cititrust Colombia S.A. Cititrust Colombia S.A. Sociedad Fiduciaria
Sociedad Fiduciaria Santa Fe de Bogota
Xxxxxxx 0x Xx 00-00
Xxxxx Xxxxx
Xxxxx Xx xx Xxxxxx, X.X.
COLOMBIA
CROATIA Privredna banka Zagreb d.d. Privredna banka Zagreb d.d.
Xxxxxx x.00 Xxxxxx
00000 Xxxxxx
XXXXXXX
CYPRUS The Cyprus Popular Bank Ltd. Cyprus Popular Bank
000 Xxxxxxxx Xxxxxx Xxxxxxx
X.X. Xxx 00000
CY-1598 Nicosia,
CYPRUS
8
CZECH REPUBLIC Ceskoslovenska obchodni banka, a.s. Ceskoslovenska obchodni banka, a.s.
Xx Xxxxxxx 00 Xxxxxx
000 00 Xxxxxx 0
XXXXX XXXXXXXX
XXXXXXX Danske Bank A/S Nordea Bank Danmark A/S
2-12 Holmens Kanal Copenhagen
DK 1092 Copenhagen K
DENMARK
ECUADOR Citibank, N.A. Citibank, N.A.
Av. Republica de El Xxxxxxxx x Xxxxx
Naciones Unidas (Esquina)
Quito
ECUADOR
EGYPT Citibank, N.A. Citibank, N.A.
4 Xxxxx Xxxxx Street Cairo
Garden City
Cairo
EGYPT
ESTONIA Hansabank Esti Uhispank
Xxxxxxxxx 0 Xxxxxxx
XX0000 Xxxxxxx
XXXXXXX
FINLAND Nordea Bank Finland Plc X.X. Xxxxxx AG
2598 Custody Services Frankfurt
Xxxxxxx Xxxxx Xxxx 0-0
XXX-00000 XXXXXX, Xxxxxxxx
FINLAND
FRANCE BNP Paribas Securities Services S.A. J.P. Xxxxxx XX
Ref 256 Frankfurt
XX 000
0, Xxx X'Xxxxx
75078 Xxxxx
Xxxxx 00
XXXXXX
9
Societe Generale X.X. Xxxxxx AG
00 Xxxxxxxxx Xxxxxxxx Xxxxxxxxx
00000 Xxxxx
XXXXXX
Credit Agricole Indosuez X.X. Xxxxxx AG
00 Xxxx. Xxxxxxxxx Xxxxxxxxx
00000 Xxxxx
FRANCE
GERMANY Dresdner Bank AG X.X. Xxxxxx AG
Xxxxxxx-Xxxxx-Xxxxx 0 Xxxxxxxxx
00000 Xxxxxxxxx/Xxxx
XXXXXXX
GHANA Barclays Bank of Ghana Limited Barclays Bank of Ghana Ltd
Xxxxxxxx Xxxxx, Xxxx Xxxxxx Xxxxx
Xxxxx
XXXXX
XXXXXX HSBC Bank plc X.X. Xxxxxx AG
Messogion 109-111 Xxxxxxxxx
00000 Xxxxxx
XXXXXX
HONG KONG The Hongkong and Shanghai Banking JPMorgan Chase Bank
Corporation Limited Hong Kong
36th Floor, Sun Hung Kai Centre
00 Xxxxxxx Xxxx
Xxx Xxxx
XXXX XXXX
XXXXXXX Citibank Rt. ING Bank Rt.
Szabadsag ter 0-0 Xxxxxxxx
X-0000 Xxxxxxxx V
HUNGARY
ICELAND Islandsbanki-FBA Islandsbanki-FBA
Xxxxxxxxxxxx 0 Xxxxxxxxx
000 Xxxxxxxxx
XXXXXXX
00
XXXXX The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking
Corporation Limited Corporation Limited
Xxxxx Xxxx Xxxxx Xxxx, Worli Mumbai
Mumbai 400 025
INDIA
Deutsche Bank AG Deutsche Bank AG
Kodak House Mumbai
000 X.X. Xxxx, Xxxx
Xxxxxx 400 001
INDIA
Standard Chartered Bank Standard Chartered Bank
Phoenix Centre, Phoenix Xxxxx Compound Mumbai
Senapati Xxxxx Xxxx, Lower Parel
Mumbai 400 013
INDIA
INDONESIA The Hongkong and Shanghai Banking Standard Chartered Bank
Corporation Limited Jakarta
World Trade Center
Xx. Xxxx Xxxxxxxx Xxx. 00-00
Xxxxxxx 00000
XXXXXXXXX
Standard Chartered Bank Standard Chartered Bank
Xx. Xxxx Xxxxxxxx Xxx. 00-X Xxxxxxx
Xxxxxxx 00000
XXXXXXXXX
IRELAND Bank of Ireland X.X. Xxxxxx AG
International Financial Services Xxxxxx Xxxxxxxxx
0 Xxxxxxxxxxxxx Xxxxx
Xxxxxx 0
XXXXXXX
Allied Irish Banks, p.l.c. X.X. Xxxxxx AG
P.O. Box 518 Frankfurt
International Financial Services Centre
Dublin 1
IRELAND
ISRAEL Bank Leumi le-Israel B.M. Bank Leumi Le-Israel B.M.
00, Xxxxxx Xxxxxx Xxxxxx Xxx Xxxx
00000 Tel Xxxx
XXXXXX
00
XXXXX BNP Paribas Securities Services S.A. J.P. Xxxxxx XX
2 Xxxxxx Xxx Xxxxxx Xxxxxxxxx
00000 Xxxxx
XXXXX
IVORY COAST Societe Generale de Banques en Cote Societe Generale
d'Ivoire Paris
5 et 7, Avenue J. Anoma - 01 B.P. 1355
Abidjan 01
IVORY COAST
JAMAICA CIBC Trust and Merchant Bank CIBC Trust and Merchant Bank
Jamaica Limited Jamaica Limited
00-00 Xxxxxxxxx Xxxx. Xxxxxxxx
Xxxxxxxx 00
XXXXXXX
XXXXX The Fuji Bank, Limited JPMorgan Chase Bank
0-0 Xxxxxxxxxx-Xxxxxxxxx Xxxxx
Xxxx-Xx
Xxxxx 000
XXXXX
The Bank of Tokyo-Mitsubishi, Limited JPMorgan Chase Bank
0-0 Xxxxxxxxxx Xxxxxxxxx 0-xxxxx Xxxxx
Xxxx-xx
Xxxxx 000
XXXXX
JORDAN Arab Bank Plc Arab Bank Plc
P O Box 950544-5 Amman
Amman
Shmeisani
JORDAN
KAZAKHSTAN ABN AMRO Bank Kazakhstan ABN AMRO Bank Xxxxxxxxxx
00, Xxxxxxx Xxxxxx Xxxxxx Xxxxxx
480099 Almaty
KAZAKHSTAN
12
KENYA Barclays Bank of Kenya Limited Barclays Bank of Kenya Ltd
c/o Barclaytrust Investment Services Nairobi
& Limited
Mezzanine 0, Xxxxxxxx Xxxxx, Xxxxx Xxxxxx
Xxxxxxx
XXXXX
XXXXXX Hansabanka Hansabanka
Kalku iela 26 Xxxx
Xxxx, XX 0000
XXXXXX
LEBANON HSBC Bank Middle East JPMorgan Chase Bank
Ras-Beirut Branch New York
P.O. Box 11-1380
Xxxxx Xxxx
Ras-Beirut
LEBANON
LITHUANIA Vilniaus Bankas AB Vilniaus Bankas AB
12 Xxxxxxxx xx. Xxxxxxx
XX 0000 Xxxxxxx
XXXXXXXXX
LUXEMBOURG Banque Generale du Luxembourg S.A. J.P. Xxxxxx XX
00 Xxxxxx X.X. Xxxxxxx Xxxxxxxxx
X-0000
XXXXXXXXXX
XXXXXXXX HSBC Bank Malaysia Berhad X.X. Xxxxxx Chase Bank Berhad
0 Xxxxx Xxxxxx Xxxxx Xxxxxx
00000 Xxxxx Xxxxxx
MALAYSIA
13
MAURITIUS The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking
Corporation Limited Corporation Limited
0/X Xxx Xxxxxxxx Xxxxxxxx Xxxx Xxxxx
Xxxxx Xxxxxx Street
Port Louis
MAURITIUS
MEXICO Banco X.X. Xxxxxx, S.A. Banco X.X. Xxxxxx, X.X.
Xxxxx Optima Mexico, D.F
Xxxxx xx xxx Xxxxxx #000 Xxxx 00
Xxxxx xx Xxxxxxxxxxx
00000 Xxxxxx, X. F.
MEXICO
Banco Nacional de Mexico, S.A. Banco Nacional de Mexico, S.A.
Paseo de la Reforma 390 Xxxxxx, X.X
00000 Xxxxxx, D.F.
MEXICO
MOROCCO Banque Commerciale du Maroc S.A. Banque Commerciale du Maroc S.A.
2 Boulevard Xxxxxx Xxxxxxx Xxxxxxxxxx
Xxxxxxxxxx 00000
XXXXXXX
XXXXXXX Standard Bank Namibia Limited Standard Corporate & Merchant Bank
Mutual Platz Johannesburg
Cnr. Xxxxxxxx and Post Streets
X.X.Xxx 0000
Xxxxxxxx
XXXXXXX
XXXXXXXXXXX ABN AMRO Bank N.V. J.P. Xxxxxx XX
Kemelstede 2 Frankfurt
X. X. Xxx 0000
0000 Xx Xxxxx
XXXXXXXXXXX
Fortis Bank (Nederland) N.V. J.P. Xxxxxx XX
55 Rokin Frankfurt
X.X. Xxx 000
0000 XX Xxxxxxxxx
XXXXXXXXXXX
14
NEW ZEALAND National Nominees Limited National Bank of Xxx Xxxxxxx
Xxxxx 0 XXX Xxxxx Xxxxxxxxxx
000 Xxxxx Xxxxxx
Xxxxxxxx
XXX XXXXXXX
*NIGERIA* Stanbic Merchant Bank Nigeria Limited Standard Bank of South Africa
000 Xxxxxxx Xxxx Xxxxxxxxxxxx
X.X. Xxx 00000
Xxxxxx, Xxxxx
Xxxxx
XXXXXXX
*RESTRICTED SERVICE ONLY. PLEASE CONTACT YOUR RELATIONSHIP MANAGER
FOR FURTHER INFORMATION.*
NORWAY Den norske Bank ASA Den norske Bank XXX
Xxxxxxxx 00 Xxxx
XX Xxx 0000 Xxxxxxx
X-0000 Xxxx
XXXXXX
OMAN HSBC Bank Middle East Oman Arab Bank
Bait Al Falaj Main Office Xxxxxx
Xxxx, Xxxxxx XX 000
XXXX
XXXXXXXX Citibank, N.A. Citibank, N.A.
AWT Plaza Karachi
X.X. Xxxxxxxxxx Xxxx
Xxxxxxx 00000
XXXXXXXX
Deutsche Bank AG Deutsche Bank AG
Unitowers Karachi
X.X. Xxxxxxxxxx Xxxx
Xxxxxxx 00000
XXXXXXXX
Standard Chartered Bank Standard Chartered Bank
Box 4896 Karachi
Xxxxxx Xxxxxxx Xxxxxxxxxx Xxxx
Xxxxxxx 00000
XXXXXXXX
00
XXXX Xxxxxxxx, X.X. Xxxxx xx Xxxxxxx xxx Xxxx
Camino Real 457 Lima
Torre Real - 0xx Xxxxx
Xxx Xxxxxx, Xxxx 00
XXXX
XXXXXXXXXXX The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking
Corporation Limited Corporation Limited
00/X Xxxxxxxxx Xxxxxx Xxxxxx
25 ADB Avenue
Ortigas Center
Pasig City, Manila
PHILIPPINES
POLAND Bank Handlowy w. Warszawie S.A. Bank Rozwoju Eksportu S.A.
xx. Xxxxxxxxxx 00 Xxxxxx
00-000 Xxxxxx
XXXXXX
Bank Polska Kasa Opieki S.A. Bank Rozwoju Eksportu S.A.
00 Xxxxx xxxxxx Xxxxxx
00-000 Xxxxxx
XXXXXX
PORTUGAL Banco Espirito Santo, S.A. J.P. Xxxxxx XX
7th floor Frankfurt
Xxx Xxxxxxxx, 00
0000-000 Xxxxxx
XXXXXXXX
XXXXXXX ING Bank N.V. ING Bank N.V.
00-00 Xxxxxxxx Xxxx Xxxxxxxxx
Xxxxxxxxx 0
XXXXXXX
*RUSSIA* X.X. Xxxxxx Bank International JPMorgan Chase Bank
(Limited Liability Company) Xxx Xxxx
Xxxxxxxx 0/0, 0xx xxxxx X/X XXXxxxxx Chase Bank
Paveletskaya Square London (USD NOSTRO Account)
113054 Moscow
RUSSIA
16
Credit Suisse First Boston AO JPMorgan Chase Bank
Nikitsky Pereulok, 5 New York
103009 Moscow A/C JPMorgan Chase Bank
RUSSIA London (USD NOSTRO Account)
*RESTRICTED SERVICE ONLY. PLEASE CONTACT YOUR RELATIONSHIP MANAGER
FOR FURTHER INFORMATION.*
SINGAPORE Standard Chartered Bank Oversea-Chinese Banking Corporation
3/F, 0 Xxxxxxx Xxxx Xxxxxxxxx
000000
XXXXXXXXX
SLOVAK REPUBLIC Ceskoslovenska obchodni banka, a.s. Ceskoslovenska obchodni banka, a.s.
pobocka zahranicnej banky v SR Xxxxxxxxxx
Xxxxxxxxx 00
000 00 Xxxxxxxxxx
XXXXXX XXXXXXXX
XXXXXXXX Bank Austria Creditanstalt d.d. Ljubljana Bank Austria Creditanstalt d.d.
Xxxxxxx 0 Xxxxxxxxx
XX-0000 Xxxxxxxxx Xxxxxxxxx
XXXXXXXX
XXXXX XXXXXX The Standard Bank of South Africa Limited Standard Corporate & Merchant Bank
Standard Bank Centre Johannesburg
0xx Xxxxx
0 Xxxxxxxx Xxxxxx
Xxxxxxxxxxxx 0000
XXXXX XXXXXX
SOUTH KOREA The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking
Corporation Limited Corporation Limited
0/X XXXX Xxxxxxxx Xxxxx
#00, Xxxxxxx-xxxx 0-xx
Xxxxx
XXXXX XXXXX
Standard Chartered Bank Standard Chartered Bank
22/F, Seoul Finance Centre Building Seoul
00, Xxxxx-xxxx, Xxxxx-Xx
Xxxxx
XXXXX XXXXX
17
SPAIN X.X. Xxxxxx Bank, S.A. J.P. Xxxxxx XX
Xxxxx xx xx Xxxxxxxxxx, 00 Xxxxxxxxx
00000 Xxxxxx
XXXXX
SRI LANKA The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking
Corporation Limited Corporation Limited
00 Xxx Xxxxx Xxxxxxxxxxx Xxxxxxx Xxxxxxx
Xxxxxxx 0
XXX XXXXX
SWEDEN Skandinaviska Enskilda Banken Svenska Handelsbanken
Sergels Torg 2 Xxxxxxxxx
XX-000 00 Xxxxxxxxx
XXXXXX
SWITZERLAND UBS AG UBS XX
00 Xxxxxxxxxxxxxx Xxxxxx
0000 Xxxxxx
XXXXXXXXXXX
TAIWAN JPMorgan Chase Bank JPMorgan Chase Bank
14th Floor Taipei
0, Xxx Xxx X. Xxxx Xxx. 0
Xxxxxx
XXXXXX
The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking
Corporation Limited Corporation Limited
International Trade Building Taipei
16th Floor, Taipei World Trade Center
000 Xxxxxxx Xxxx, Xxxxxxx 0
Xxxxxx 000
XXXXXX
XXXXXXXX Standard Chartered Bank Standard Chartered Bank
14th Floor, Zone B Bangkok
Sathorn Nakorn Tower
000 Xxxxx Xxxxxxx Xxxx
Xxxxxxx, Xxxxxxx 00000
XXXXXXXX
18
TUNISIA Banque Internationale Arabe de Tunisie, Banque Internationale Arabe de
S.A. Tunisie, S.A.
00-00 Xxxxxx Xxxxx Xxxxxxxxx Tunis
X.X. Xxx 000
0000 Xxxxx Xxxxx
XXXXXXX
XXXXXX JPMorgan Chase Bank JPMorgan Chase Bank
Emirhan Cad. No: 145 Istanbul
Atakule, A Blok Kat:11
00000-Xxxxxxxxx/Xxxxxxxx
Xxxxxxxx
XXXXXX
*UKRAINE* ING Bank Ukraine ING Bank Ukraine
00 Xxxxxxxxxx Xxxxxx Xxxx
0xx Xxxxx
Xxxx, 000000
XXXXXXX
*RESTRICTED SERVICE ONLY. PLEASE CONTACT YOUR RELATIONSHIP MANAGER
FOR FURTHER INFORMATION.*
U.A.E. HSBC Bank Middle East The National Bank of Abu Dhabi
X.X. Xxx 00 Xxx Xxxxx
Xxxxx
XXXXXX XXXX XXXXXXXX
U.K. JPMorgan Chase Bank National Westminster Bank
Xxxxxx Court London
Ground Floor
00 Xxxxxxxxxxx
Xxxxxx XX0X 0XX
XXXXXX XXXXXXX
URUGUAY BankBoston, N.A. BankBoston, X.X.
Xxxxxx 1463 Montevideo
Montevideo
XXXXXXX
00
XXXXXXXXX Xxxxxxxx, N.A. Citibank, N.A.
Carmelitas a Xxxxxxxxxx Caracas
Xxxxxxxx Xxxxxxxx
Xxxxxxx 0000
XXXXXXXXX
XXXXXXX The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking
Corporation Limited Corporation Limited
00 Xxxx Xxxx Xxxx, Xxxxxxxx 0 Xx Xxx Xxxx Xxxx
Ho Chi Minh City
VIETNAM
ZAMBIA Barclays Bank of Zambia Limited Barclays Bank of Zambia Ltd
Xxxxx Xxxxx, Xxxxx Xxxx Xxxxxx
Xxxxxx
XXXXXX
ZIMBABWE Barclays Bank of Zimbabwe Limited Barclays Bank of Zimbabwe Ltd
0xx Xxxxx, 0 Xxxxxx Xxxxx Xxxxxx
Xxxxx Xxxx Avenue
Harare
ZIMBABWE
20
SCHEDULE B
INFORMATION REGARDING COUNTRY RISK
1. To aid a Fund in its evaluations regarding country risk, PFPC shall furnish
annually and upon the initial placing of Foreign Assets into a country by the
Fund the following information:
A. Opinions of local counsel concerning:
i. Whether applicable foreign law would restrict the access
afforded the Fund'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 Fund'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 Fund'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 the Fund's assets.
ii. Whether difficulties in converting the Fund'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 and (vi)
securities depositories.
2. PFPC shall furnish the following additional information on an as needed
basis:
Market flashes, including with respect to changes in the information in
market reports.
21
SCHEDULE C
FOREIGN SECURITIES DEPOSITORIES
COUNTRY DEPOSITORY INSTRUMENTS
------- ---------- -----------
ARGENTINA CVSA Equity, Corporate Debt, Government Debt
(Caja de Valores S.A.)
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 Debt
(OESTERREICHISCHE KONTROLLBANK AG)
BELGIUM CIK Equity, Corporate Debt
(Caisse Interprofessionnelle de Depots et de Virements
de Titres S.A.)
BELGIUM NBB 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 Debt
(Deposito Central de Valores S.A.)
CHINA, SHANGHAI CSDCC, SHANGHAI BRANCH Equity
(China Securities Depository and Clearing
Corporation Limited, Shanghai Branch)
22
COUNTRY DEPOSITORY INSTRUMENTS
------- ---------- -----------
CHINA, SHENZHEN CSDCC, SHENZHEN BRANCH Equity
(China Securities Depository and Clearing
Corporation Limited, Shenzhen Branch)
COLOMBIA DCV Government Debt
(Deposito Central de Valores)
COLOMBIA DECEVAL Equity, Corporate Debt, Government Debt
(Deposito Centralizado de Valores de Colombia
S.A.)
CROATIA SDA Equity, Government Debt
(Central Depository Agency Inc. - Stredisnja
depozitarna agencija d.d.)
CROATIA MINISTRY OF FINANCE OF THE REPUBLIC OF CROATIA Short-term debt issued by the Ministry of Finance.
CROATIA CNB Short-term debt issued by the National Bank of
(Croatian National Bank) Croatia.
CZECH REPUBLIC SCP Equity, Corporate Debt, Government Debt
(Stredisko cennych papiru)
CZECH REPUBLIC CNB Government Debt
(Czech National Bank)
DENMARK VP Equity, Corporate Debt, Government Debt
(Vaerdipapircentralen A/S)
EGYPT MCSD Equity, Corporate Debt
(Misr for Clearing, Settlement and Depository,
S.A.E.)
ESTONIA ECDS Equity, Corporate Debt, Government Debt
(Estonian Central Depository for Securities
Limited - Eesti 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 Debt
(Finnish Central Securities Depository Limited)
FRANCE EUROCLEAR FRANCE Equity, Corporate Debt, Government Debt
GERMANY CBF Equity, Corporate Debt, Government Debt
(CLEARSTREAM BANKING AG)
GREECE CSD Equity, Corporate Debt
(Central Securities Depository S.A.)
GREECE BOG Government Debt
(BANK OF GREECE)
23
COUNTRY DEPOSITORY INSTRUMENTS
------- ---------- -----------
HONG KONG HKSCC Equity
(Hong Kong Securities Clearing Company Limited)
HONG KONG CMU Corporate Debt, Government Debt
(Central Moneymarkets Unit)
HUNGARY KELER Equity, Corporate Debt, Government Debt
(Central Depository and Clearing House -
Kosponti Elszamolohaz es Ertektar (Budapest)
Rt.)
INDIA NSDL Equity, Corporate Debt, Government Debt
(National Securities Depository Limited)
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 TECH Equity, Corporate Debt, Government Debt
(Tel Aviv Stock Exchange Clearing House
Limited)
ITALY MONTE TITOLI S.P.A. Equity, Corporate Debt, Government Debt
ITALY BANCA D'ITALIA Government Debt
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 Debt
(Latvian Central Depository)
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 Debt
(Central Securities Depository of Lithuania)
LUXEMBOURG CLEARSTREAM Equity
24
COUNTRY DEPOSITORY INSTRUMENTS
------- ---------- -----------
(Clearstream Banking S.A.)
MALAYSIA MCD Equity, Corporate Debt, Government Debt
(Malaysian Central Depository Sdn. Bhd.)
MAURITIUS CDS Equity, Corporate Debt
(Central Depository and Settlement Company
Limited)
MEXICO INDEVAL Equity, Corporate Debt, Government Debt
(S.D. INDEVAL S.A. de C.V.)
MOROCCO MAROCLEAR Equity, Corporate Debt, Government Debt
NETHERLAND NECIGEF Equity, Corporate Debt, Government Debt
(Nederlands Centraal Insituut voor Giraal
Effectenverkeer B.V.)
NEW ZEALAND NZCSD Equity, Corporate Debt, Government Debt
(New Zealand Central Securities Depository)
NIGERIA CSCS Equity, Corporate Debt, Government Debt
(Central Securities Clearing System Limited)
NORWAY VPS Equity, Corporate Debt, Government Debt
(Verdipapirsentralen)
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 Debt
(CAVALI ICLV S.A.)
PHILIPPINES PCD Equity
(Philippine Central Depository Inc.)
PHILIPPINES XXXX Government Debt
(Bangko Sentral ng Pilipinas / Register of
Scripless Securities)
POLAND NDS Equity, Long-Term Government Debt
(National Depository for Securities S.A.)
POLAND CRT Short-Term Government Debt
(Central Registry of Treasury-Bills)
PORTUGAL INTERBOLSA Equity, Corporate Debt, Government Debt
(Sociedade Gestora de Sistemas de Liquidacao e
de Sistemas Centralizados de Valores
Mobiliarios, S.A
ROMANIA SNCDD Equity
25
COUNTRY DEPOSITORY INSTRUMENTS
------- ---------- -----------
(National Company for Clearing, Settlement and
Depository for Securities)
ROMANIA BSE Equity
(Bucharest Stock Exchange Registry)
RUSSIA VTB Equity, Corporate Debt, Government Debt (Ministry of
(Vneshtorgbank) Finance Bonds)
RUSSIA NDC Equity, Corporate Debt, Government Debt (Ministry of
(National Depository Centre) Finance Bonds)
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 REPUBLIC SCP Equity, Corporate Debt, Government Debt
(Stredisko cennych papierov SR Bratislava,
a.s.)
SLOVAK REPUBLIC NBS Government Debt
(National Bank of Slovakia)
SLOVENIA KDD Equity, Corporate Debt, Government Debt
(Centralna klirinsko depotna xxxxxx x.x.)
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 Debt
(Korea Securities Depository)
SPAIN SCLV Equity, Corporate Debt
(Servicio de Compensacion y Liquidacion de Valores,
S.A.)
SPAIN BANK OF SPAIN Government Debt
SRI LANKA CDS Equity, Corporate Debt
(Central Depository System (Private) Limited)
SWEDEN VPC Equity, Corporate Debt, Government Debt
(Vardepapperscentralen AB)
SWITZERLAND SIS Equity, Corporate Debt, Government Debt
(SIS SegaInterSettle AG)
TAIWAN TSCD Equity, Government Debt
(Taiwan Securities Central Depository Co.,
Ltd.)
THAILAND TSD Equity, Corporate Debt, Government Debt
(Thailand Securities Depository Company
Limited)
26
COUNTRY DEPOSITORY INSTRUMENTS
------- ---------- -----------
TUNISIA STICODEVAM Equity, Corporate Debt, Government Debt
(Societe Tunisienne Interprofessionnelle pour
la Compensation et le Depot des Valeurs
Mobilieres)
TURKEY TAKASBANK Equity, Corporate Debt, Government Debt
(IMKB Takas ve Saklama Bankasi A.S.)
UNITED KINGDOM CREST Equity, Corporate Debt, Government Debt
(CRESTCo Limited)
UNITED KINGDOM CMO Sterling & Euro CDs, Commercial Paper
(Central Moneymarkets Office)
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)
27
