Amendment Dated as of January 31, 2007 to the Custody Agreement between JPMorgan Chase Bank, N.A. (as successor by operation of law in business to The Chase Manhattan Bank N.A. and Morgan Stanley Trust Company) (“JPMorgan” or “Custodian”) and Morgan...
Exhibit 99(g)(8)
Amendment Dated as of January 31, 2007 to the Custody Agreement between JPMorgan Chase Bank, N.A. (as successor by operation of law in business to The Chase Manhattan Bank N.A. and Xxxxxx Xxxxxxx Trust Company) (“JPMorgan” or “Custodian”) and Xxxxxx Xxxxxxx Institutional Fund, Inc. (the “Fund”)
WHEREAS, The Custodian and the Fund have entered into a Custody Agreement dated as of July 31, 1989 (the “Custody Agreement”) retaining JPMorgan to serve as the Fund’s custodian for the safekeeping of all securities, cash and other property of the Fund that are delivered to the Custodian for custody,
NOW, THEREFORE, in consideration of the premises, the parties hereto agree as follows:
1. Pursuant to Section 15 of the Custody Agreement, the fee schedule is deleted and replaced with the fee schedule attached hereto (effective October 1, 2006).
IN WITNESS HEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective authorized officers as of the day and year first above written.
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XXXXXX XXXXXXX INSTITUTIONAL FUND, INC. |
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Attest: |
/s/ Xxxxxx Xxxxxx |
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By: |
/s/ |
Xxxxxx X. Xxxxxxx |
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Name: |
Xxxxxx X. Xxxxxxx |
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Title: |
President and Principal Executive |
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Officer |
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JPMORGAN CHASE BANK, N.A. |
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Attest: |
/s/ Xxxxx Xxxxxxxxx |
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By: |
/s/ |
Xxxx X. Xxxxxx |
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Name: |
Xxxx X. Xxxxxx |
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Title: |
Vice President |
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The jpmorgan chase bank
Fee schedule
For
Xxxxxx Xxxxxxx investment management
Xxxxxx Xxxxxxx Institutional Fund Trust
Xxxxxx Xxxxxxx Institutional Fund, Inc.
The Universal Institutional Funds, Inc.
The Latin American Discovery Fund, Inc.
The Malaysia Fund, Inc.
Xxxxxx Xxxxxxx Asia-Pacific Fund, Inc.
Xxxxxx Xxxxxxx India Investment Fund, Inc.
The Thai Fund, Inc.
The Turkish Investment Fund, Inc.
Xxxxxx Xxxxxxx Eastern Europe Fund, Inc.
Xxxxxx Xxxxxxx Emerging Markets Debt Fund, Inc.
Xxxxxx Xxxxxxx Global Opportunity Bond Fund, Inc.
Xxxxxx Xxxxxxx High Yield Fund, Inc.
Xxxxxx Xxxxxxx China A Share Fund, Inc.
Xxxxxx Xxxxxxx Offshore Emerging Markets Fund
Xxxxxx Xxxxxxx Taiwan Portfolio
Revised as October 1, 2006
Custody Fee Schedule:
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Market |
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Asset |
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Transaction |
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Threshold I |
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Tier II |
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Threshold II |
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Tier III |
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(US$) |
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(US$)* |
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(US$)* |
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Argentina |
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20.00 |
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75.00 |
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150,000,000 |
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17.00 |
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187,500,000 |
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13.60 |
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Australia |
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1.50 |
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30.00 |
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650,000,000 |
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1.20 |
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812,500,000 |
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0.90 |
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Austria |
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3.00 |
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40.00 |
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225,000,000 |
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2.40 |
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281,250,000 |
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1.80 |
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Bahrain |
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40.00 |
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85.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Bangladesh |
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35.00 |
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85.00 |
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100,000,000 |
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29.75 |
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125,000,000 |
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23.80 |
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Belgium |
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3.50 |
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40.00 |
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150,000,000 |
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2.80 |
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187,500,000 |
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2.24 |
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Bermuda |
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18.00 |
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55.00 |
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100,000,000 |
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15.30 |
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125,000,000 |
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12.24 |
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Botswana |
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40.00 |
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73.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Brazil |
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15.00 |
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50.00 |
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415,000,000 |
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12.00 |
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518,750,000 |
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9.60 |
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Bulgaria |
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35.00 |
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75.00 |
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100,000,000 |
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29.75 |
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125,000,000 |
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23.80 |
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Canada |
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1.50 |
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20.00 |
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150,000,000 |
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1.28 |
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187,500,000 |
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1.02 |
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Chile |
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22.00 |
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50.00 |
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100,000,000 |
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18.70 |
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125,000,000 |
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14.96 |
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China |
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20.00 |
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50.00 |
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100,000,000 |
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17.00 |
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125,000,000 |
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13.60 |
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Colombia |
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40.00 |
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85.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Costa Rica |
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35.00 |
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55.00 |
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100,000,000 |
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29.75 |
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125,000,000 |
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23.80 |
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Croatia |
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40.00 |
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75.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Cyprus |
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25.00 |
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55.00 |
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100,000,000 |
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21.25 |
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125,000,000 |
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17.00 |
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Czech Republic |
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22.50 |
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55.00 |
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150,000,000 |
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18.00 |
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187,500,000 |
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14.40 |
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Denmark |
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2.15 |
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35.00 |
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150,000,000 |
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1.61 |
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187,500,000 |
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1.21 |
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Ecuador |
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45.00 |
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55.00 |
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100,000,000 |
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38.25 |
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125,000,000 |
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30.60 |
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Egypt |
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30.00 |
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50.00 |
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100,000,000 |
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25.50 |
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125,000,000 |
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20.40 |
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Estonia |
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34.00 |
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75.00 |
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100,000,000 |
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28.90 |
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125,000,000 |
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23.12 |
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Euro CDs |
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1.50 |
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15.00 |
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100,000,000 |
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1.20 |
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125,000,000 |
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0.96 |
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Euroclear |
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1.25 |
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15.00 |
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6,450,000,000 |
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1.00 |
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8,062,500,000 |
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0.80 |
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Finland |
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3.50 |
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35.00 |
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230,000,000 |
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2.63 |
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287,500,000 |
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1.97 |
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France |
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1.75 |
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25.00 |
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2,285,000,000 |
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1.40 |
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2,856,250,000 |
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1.12 |
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Germany |
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1.50 |
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25.00 |
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1,575,000,000 |
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1.20 |
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1,968,750,000 |
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0.96 |
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Ghana |
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40.00 |
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80.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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13.60 |
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Greece |
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20.00 |
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40.00 |
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150,000,000 |
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17.00 |
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187,500,000 |
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13.60 |
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Hong Kong |
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3.00 |
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40.00 |
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1,250,000,000 |
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2.40 |
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1,562,500,000 |
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1.92 |
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Hungary |
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25.00 |
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55.00 |
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150,000,000 |
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20.00 |
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187,500,000 |
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15.00 |
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Iceland |
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20.00 |
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55.00 |
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100,000,000 |
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17.00 |
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125,000,000 |
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13.60 |
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India |
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16.00 |
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45.00 |
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1,470,000,000 |
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13.60 |
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1,837,500,000 |
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10.88 |
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Indonesia |
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10.00 |
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60.00 |
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150,000,000 |
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8.00 |
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187,500,000 |
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6.00 |
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Ireland |
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1.25 |
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17.50 |
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205,000,000 |
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1.06 |
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256,250,000 |
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0.85 |
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Israel |
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25.00 |
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50.00 |
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150,000,000 |
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20.00 |
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187,500,000 |
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16.00 |
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Italy |
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3.50 |
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30.00 |
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445,000,000 |
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2.98 |
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558,250,000 |
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2.38 |
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Ivory Coast |
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45.00 |
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85.00 |
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100,000,000 |
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38.25 |
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125,000,000 |
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30.60 |
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Jamaica |
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11.00 |
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70.00 |
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100,000,000 |
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9.35 |
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125,000,000 |
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7.48 |
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Japan |
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1.35 |
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18.00 |
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5,550,000,000 |
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1.15 |
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6,937,500,000 |
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0.92 |
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Jersey |
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35.00 |
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85.00 |
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100,000,000 |
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29.75 |
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125,000,000 |
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23.80 |
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Jordan |
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30.00 |
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90.00 |
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150,000,000 |
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25.50 |
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187,500,000 |
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20.40 |
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Kazakhstan |
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45.00 |
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85.00 |
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100,000,000 |
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38.25 |
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125,000,000 |
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30.60 |
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Kenya |
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40.00 |
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82.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Korea |
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10.50 |
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30.00 |
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1,000,000,000 |
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8.93 |
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1,250,000,000 |
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7.14 |
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Latvia |
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30.00 |
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55.00 |
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100,000,000 |
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25.50 |
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125,000,000 |
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20.40 |
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Market |
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Asset |
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Transaction |
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Threshold I |
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Tier II |
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Threshold II |
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Tier III |
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Lebanon |
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40.00 |
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85.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Lithuania |
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30.00 |
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57.50 |
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100,000,000 |
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25.50 |
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125,000,000 |
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20.40 |
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Luxembourg |
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3.50 |
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40.00 |
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100,000,000 |
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2.80 |
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125,000,000 |
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2.24 |
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Malaysia |
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7.00 |
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45.00 |
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150,000,000 |
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6.30 |
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187,500,000 |
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5.67 |
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Malta |
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30.00 |
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57.50 |
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100,000,000 |
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25.50 |
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125,000,000 |
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20.40 |
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Mauritius |
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40.00 |
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85.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Mexico |
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5.50 |
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35.00 |
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385,000,000 |
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4.40 |
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481,250,000 |
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3.30 |
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Morocco |
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30.00 |
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90.00 |
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150,000,000 |
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27.00 |
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187,500,000 |
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24.30 |
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Namibia |
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40.00 |
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85.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Nepal |
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40.00 |
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85.00 |
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100,000,000 |
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34.00 |
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125,000,000 |
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27.20 |
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Netherlands |
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3.00 |
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25.00 |
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1,685,000,000 |
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2.55 |
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2,081,250,000 |
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2.04 |
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New Zealand |
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2.00 |
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35.00 |
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185,000,000 |
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1.60 |
|
231,250,000 |
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1.28 |
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Nigeria |
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45.00 |
|
85.00 |
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100,000,000 |
|
38.25 |
|
125,000,000 |
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30.60 |
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Norway |
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3.75 |
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35.00 |
|
150,000,000 |
|
3.00 |
|
187,500,000 |
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2.25 |
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Oman |
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45.00 |
|
100.00 |
|
150,000,000 |
|
38.25 |
|
187,500,000 |
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30.60 |
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Pakistan |
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30.00 |
|
85.00 |
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150,000,000 |
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25.50 |
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187,500,000 |
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20.40 |
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Peru |
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35.00 |
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85.00 |
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100,000,000 |
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29.75 |
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125,000,000 |
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23.80 |
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Philippines |
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15.00 |
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60.00 |
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150,000,000 |
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12.75 |
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187,500,000 |
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10.20 |
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Poland |
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25.00 |
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65.00 |
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280,000,000 |
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20.00 |
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350,000,000 |
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16.00 |
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Portugal |
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12.00 |
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45.00 |
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150,000,000 |
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10.20 |
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187,500,000 |
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8.16 |
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Romania |
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40.00 |
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80.00 |
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100,000,000 |
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34.00 |
|
125,000,000 |
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27.20 |
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Russia |
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22.00 |
|
75.00 |
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150,000,000 |
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18.70 |
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187,500,000 |
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14.96 |
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Singapore |
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4.00 |
|
45.00 |
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445,000,000 |
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3.20 |
|
556,250,000 |
|
2.40 |
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Slovakia |
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35.00 |
|
85.00 |
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100,000,000 |
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29.75 |
|
125,000,000 |
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23.80 |
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Slovenia |
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30.00 |
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75.00 |
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150,000,000 |
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25.50 |
|
187,500,000 |
|
20.40 |
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South Africa |
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4.50 |
|
30.00 |
|
730,000,000 |
|
3.60 |
|
912,500,000 |
|
2.70 |
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Spain |
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4.25 |
|
40.00 |
|
600,000,000 |
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3.40 |
|
750,000,000 |
|
2.55 |
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Sri Lanka |
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20.00 |
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55.00 |
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100,000,000 |
|
17.00 |
|
125,000,000 |
|
13.60 |
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Swaziland |
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40.00 |
|
85.00 |
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100,000,000 |
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34.00 |
|
125,000,000 |
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27.20 |
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Sweden |
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3.50 |
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30.00 |
|
600,000,000 |
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2.96 |
|
750,000,000 |
|
2.23 |
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Switzerland |
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3.25 |
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30.00 |
|
1,525,000,000 |
|
2.76 |
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1,906,250,000 |
|
2.21 |
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Taiwan |
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13.00 |
|
70.00 |
|
683,000,000 |
|
11.70 |
|
853,750,000 |
|
10.53 |
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Thailand |
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12.00 |
|
45.00 |
|
175,000,000 |
|
10.20 |
|
218,750,000 |
|
8.16 |
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Tunisia |
|
40.00 |
|
50.00 |
|
150,000,000 |
|
34.00 |
|
187,500,000 |
|
27.20 |
|
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Turkey |
|
12.50 |
|
50.00 |
|
465,000,000 |
|
10.63 |
|
581,250,000 |
|
8.50 |
|
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Ukraine |
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45.00 |
|
85.00 |
|
100,000,000 |
|
38.25 |
|
125,000,000 |
|
30.60 |
|
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United Arab Emirites |
|
45.00 |
|
85.00 |
|
100,000,000 |
|
38.25 |
|
125,000,000 |
|
30.60 |
|
|
United Kingdom |
|
1.25 |
|
17.50 |
|
6,750,000,000 |
|
1.06 |
|
8,437,500,000 |
|
0.00 |
|
|
Xxxxxx Xxxxxx |
|
0.20 |
|
4.50 |
|
40,000,000,000 |
|
0.15 |
|
80,000,000,000 |
|
0.10 |
|
|
Uruguay |
|
40.00 |
|
85.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
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Venezuela |
|
35.00 |
|
85.00 |
|
100,000,000 |
|
29.75 |
|
125,000,000 |
|
23.80 |
|
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Vietnam |
|
40.00 |
|
85.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
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Zambia |
|
40.00 |
|
80.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
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Zimbabwe |
|
35.00 |
|
70.00 |
|
100,000,000 |
|
29.75 |
|
125,000,000 |
|
23.80 |
|
* Asset charges will be applied to the aggregate level of Xxxxxx Xxxxxxx assets with JPMorgan.
Miscellaneous Fees & Out of Pocket Expenses:
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Cash Movements |
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$6 |
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for USD settlements |
|
|
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$15 |
|
for non USD settlements |
Registration/Transfer fees, Mauritius cash account administration and transfer charges, Stamp taxes/duties and any other out of pocket costs will be recharged to the Funds at cost, where incurred by JPMorgan.
NSDL India pass through charges for transactions will be absorbed by JPMorgan.
Earnings Credits:
Credits will be paid to the Funds at a rate based on the 90-Day Treasury xxxx rate less 1% on daily positive balances. All interest is paid after a 10% Federal Reserve requirement is deducted from the balances. The credits earned are cumulative throughout JPMorgan Chase Bank’s fiscal year. At the beginning of the new fiscal year, earnings credit balances are reset to zero.
Overdraft Rates:
Overdraft charges paid by the Funds will be calculated using the Federal Funds rate plus 50 basis points on daily negative balances.
Class Action Serivces:
Includes determining account eligibility, filing, processing rejected items, and monitoring and processing recoveries.
Flat fee of $500 per filing paid once claim is fixed.
Other Fees:
· Settlement of physical securities - $40
· Global Proxy Services per fund per vote executed
- USA free of charge
- All other countries $15
Notes:
All new business will be separately negotiated. The Adviser shall contact its relationship manager if it plans to trade in new countries (i.e. countries that are not on the Fee Schedule). If the Adviser’s relationship manager is not notified ahead of time, the relevant Fund will be charged at the Chase generic rate for each respective new country.
