EXHIBIT 99.h12
To: State Street Bank and Trust Company
From: Client Name: AMERICAN CENTURY INVESTMENT MANAGEMENT, INC.
Client Address: 0000 XXXX XXXXXX XXXXXX XXXX, XX 00000
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Date: February 04, 2003
Re: PRICE SOURCE AUTHORIZATION
Reference is made to the Custodian Agreement dated OCTOBER 8, 1993 between
AMERICAN CENTURY INVESTMENT MANAGEMENT, INC. (the "Adviser"), on behalf of
American Century International Bond Fund (the "Fund"), and State Street Bank and
Trust Company. Capitalized terms used in this Price Source Authorization or in
any attachment or supplement shall have the meanings provided in the Custodian
Agreement unless otherwise specified. Pursuant to the Custodian Agreement, the
Adviser hereby directs State Street to calculate the net asset value ("NAV") of
the Fund or, if applicable, its Portfolios, in accordance with the terms of the
Fund's or Portfolio's currently effective Prospectus. State Street will perform
the NAV calculation subject to the terms and conditions of the Custodian
Agreement and this Authorization.
The Adviser hereby authorizes State Street to use the pricing sources specified
on the attached Authorization Matrix (as amended from time to time) as sources
for prices of assets in calculating the net asset value of the Fund. The Adviser
understands that State Street does not assume responsibility for the accuracy of
the quotations provided by the specified pricing sources and that State Street
shall have no liability for any incorrect data provided by the pricing sources
specified by the Adviser, except as may arise from State Street's lack of
reasonable care in performing agreed upon tolerance checks as to the data
furnished and calculating the net asset value of the Fund in accordance with the
data furnished to State Street. The Adviser also acknowledges that prices
supplied by the Adviser or an affiliate may be subject to approval of the Fund's
Board and are not the responsibility of State Street.
The Adviser agrees to indemnify and hold State Street harmless from any claim,
loss or damage arising as a result of using prices furnished by any specified
pricing source.
State Street agrees that written notice of any change in the name of any
specified pricing source will be sent to the Adviser as such information is
available to State Street.
Kindly acknowledge your acceptance of the terms of this letter in the space
provided below.
American Century Investment Management, Inc, on behalf of
American Century International Bond Fund
By /s/ Xxxxxx X. Xxxxx
----------------------------------- The foregoing terms are hereby accepted.
Print Name: Xxxxxx X. Xxxxx STATE STREET BANK AND TRUST COMPANY
-------------------------
Title: Vice President, Director By:
----------------------------- -----------------------------------
Vice President
[STATE STREET BANK AND TRUST COMPANY LOGO]
PRICE SOURCE AND METHODOLOGY
AUTHORIZATION MATRIX
Daily Valuation: Mutual Funds and
Insurance (NAVigator; XXX for Mutual Funds)
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INSTRUCTIONS: Please indicate the primary, secondary and tertiary source to be
used by State Street in calculating market value of investment for each legal
entity in the Client Relationship identified below. If the security type is not
held (or, in the case of a mutual fund, not allowed by the fund prospectus),
please indicate N/A. NOTE: If an Investment Manager is a Pricing Source, please
specify explicitly. If the Client has more than one account or portfolio, each
will be priced in accordance with the instructions given below unless otherwise
indicated. If the accounting platform used for the Client is MCHorizon, then
State Street performs a Data Quality review process as specified in the Sources
Status Pricing Matrix on the NAVigator Pricing System which specifies pricing
tolerance thresholds, index and price aging details. The Sources Status Pricing
Matrix will be provided for your information and review. In the absence of an
Instruction to the contrary, State Street shall be entitled to rely on the
Instructions contained in this Price Source and Methodology Authorization Matrix
for each additional legal entity within the client relationship to whom State
Street provides pricing services from time to time.
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
SECURITY TYPE PRIMARY SECONDARY TERTIARY PRICING PRICING VALUATION
SOURCE SOURCE SOURCE LOGIC DEFAULT LOGIC POINT
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
EQUITIES
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
U. S. Listed Equities (NYSE,AMEX)
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
U.S. OTC Equities (Nasdaq)
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
Foreign Equities
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
Listed ADR's
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
FIXED INCOME
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
Municipal Bonds
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
US Bonds (Treasuries, MBS, American Evaluated Mean of NYSE
ABS, Corporates) IDC Bloomberg Century Mean Bid/Ask Close
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
American Evaluated Mean of NYSE
Eurobonds/Foreign Bonds IDC Bloomberg Century Mean Bid/Ask Close
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
OTHER ASSETS
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
Options
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
Futures
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
Non - Listed ADR's
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
EXCHANGE RATES
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
FORWARD POINTS
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
CLIENT RELATIONSHIP: American Century Investment Management, Inc.
(the "Advisor"), on behalf of the American Century International Bond
Fund (the "Fund")
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LEGAL ENTITY (IF MORE THAN ONE, PLEASE LIST ON PAGE 2)
AUTHORIZED BY: /s/ Xxxxxx X. Xxxxx
-----------------------------------------------------
STATE STREET BANK AND TRUST COMPANY
ACCEPTED: , Vice President
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EFFECTIVE DATE: 3 / 1 / 2003 (SUPERSEDES PRIOR MATRICES)
[STATE STREET BANK AND TRUST COMPANY LOGO]
PRICE SOURCE AND METHODOLOGY
AUTHORIZATION MATRIX
Daily Valuation: Mutual Funds and
Insurance (NAVigator; XXX for Mutual Funds)
--------------------------------------------------------------------------------
INSTRUCTIONS: Please indicate the primary, secondary and tertiary source to be
used by State Street in calculating market value of investment for each legal
entity in the Client Relationship identified below. If the security type is not
held (or, in the case of a mutual fund, not allowed by the fund prospectus),
please indicate N/A. NOTE: If an Investment Manager is a Pricing Source, please
specify explicitly. If the Client has more than one account or portfolio, each
will be priced in accordance with the instructions given below unless otherwise
indicated. If the accounting platform used for the Client is MCHorizon, then
State Street performs a Data Quality review process as specified in the Sources
Status Pricing Matrix on the NAVigator Pricing System which specifies pricing
tolerance thresholds, index and price aging details. The Sources Status Pricing
Matrix will be provided for your information and review. In the absence of an
Instruction to the contrary, State Street shall be entitled to rely on the
Instructions contained in this Price Source and Methodology Authorization Matrix
for each additional legal entity within the client relationship to whom State
Street provides pricing services from time to time.
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
SECURITY TYPE PRIMARY SECONDARY TERTIARY PRICING PRICING VALUATION
SOURCE SOURCE SOURCE LOGIC DEFAULT LOGIC POINT
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
EQUITIES
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
U. S. Listed Equities (NYSE,AMEX) Bridge Reuters Last Market Close
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
U.S. OTC Equities (Nasdaq) Bridge Reuters Market Close
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
Foreign Equities
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
Listed ADR's
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
FIXED INCOME
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
Municipal Bonds
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
US Bonds (Treasuries, MBS,
ABS, Corporates)
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
Eurobonds/Foreign Bonds
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
OTHER ASSETS
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
Options
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
Futures
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
Non - Listed ADR's
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
EXCHANGE RATES
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
FORWARD POINTS
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
-------------------------------------- ------- ---------- -------- ------- ------------- ------------
CLIENT RELATIONSHIP: AMERICAN CENTURY INTERNATIONAL BOND FUNDS
-----------------------------------------
LEGAL ENTITY (IF MORE THAN ONE, PLEASE LIST ON PAGE 2)
AUTHORIZED BY: AUTHORIZED OFFICER
-----------------------------------------------------
STATE STREET BANK AND TRUST COMPANY
ACCEPTED: VICE PRESIDENT
------------------------------------------------------
EFFECTIVE DATE: __/___/___ (SUPERSEDES PRIOR MATRICES)
[STATE STREET BANK AND TRUST COMPANY LOGO]
PRICE SOURCE AND METHODOLOGY
AUTHORIZATION MATRIX
Daily Valuation: Mutual Funds and
Insurance (NAVigator; XXX for Mutual Funds)
LIST OF LEGAL ENTITIES IN THE CLIENT RELATIONSHIP
----------------- ---------------------------- ---------------------------------
LEGAL ENTITY NAME OF AUTHORIZED SIGNER IF SIGNATURE OF AUTHORIZED SIGNER IF
DIFFERENT THAN PAGE 1 DIFFERENT THAN PAGE 1
----------------- ---------------------------- ---------------------------------
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EXPLANATION OF FIELDS
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Client: Indicate the legal entity name of the Client. If there are
multiple legal entities for one client relationship, please
list each Legal Entity on p. 2. If a single legal entity
encompasses multiple portfolios/accounts/series, any of
which are to be priced differently, please so indicate.
------------------ ------------------------------------------------------------
Primary Source: Indicate the primary source for prices for the security
type. If an Investment Manager is a pricing source, please
specify explicitly.
------------------ ------------------------------------------------------------
Secondary Source: Indicate the secondary source for prices for the security
type. If an Investment Manager is a pricing source, please
specify explicitly.
------------------ ------------------------------------------------------------
Tertiary Source: Indicate the tertiary (3rd level) source for prices for the
security type. If an Investment Manager is a pricing source,
please specify explicitly.
------------------ ------------------------------------------------------------
Pricing Logic: Indicate the price type to be referenced for the security
type: Ask, Bid, Close, Evaluated Mean, Last Sale, amortized
cost, etc.
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Pricing Default Indicate the price type to be referenced for the security
Logic: type: Ask, Bid, Close, Evaluated Mean, Last Sale, amortized
cost, etc. in the instance where the preferred price
type is not available
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Valuation Point: Indicate time of day: Market Close, End of Day, specific
time and time zone.
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Authorized By: Provide the signature of the person authorizing the
completion of the Price Source Authorization. If multiple
legal entities are listed on p. 2, please provide the
signature of an authorized person in each case, if
necessary.
------------------ ------------------------------------------------------------
Date: Indicate the date the Price Source Authorization was
completed
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