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 ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Trust Company) (“JPMorgan” or “Custodian”) and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ 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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▇▇▇▇▇▇ ▇▇▇▇▇▇▇ INSTITUTIONAL FUND, INC. |
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Attest: |
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ |
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By: |
/s/ |
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ |
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Name: |
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ |
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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/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ |
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By: |
/s/ |
▇▇▇▇ ▇. ▇▇▇▇▇▇ |
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Name: |
▇▇▇▇ ▇. ▇▇▇▇▇▇ |
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Title: |
Vice President |
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The jpmorgan chase bank
Fee schedule
For
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ investment management
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Institutional Fund Trust
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Institutional Fund, Inc.
The Universal Institutional Funds, Inc.
The Latin American Discovery Fund, Inc.
The Malaysia Fund, Inc.
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Asia-Pacific Fund, Inc.
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ India Investment Fund, Inc.
The Thai Fund, Inc.
The Turkish Investment Fund, Inc.
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Eastern Europe Fund, Inc.
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Emerging Markets Debt Fund, Inc.
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Global Opportunity Bond Fund, Inc.
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ High Yield Fund, Inc.
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ China A Share Fund, Inc.
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Offshore Emerging Markets Fund
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ 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 |
|
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 |
|
205,000,000 |
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1.06 |
|
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 |
|
150,000,000 |
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20.00 |
|
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 |
|
445,000,000 |
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2.98 |
|
558,250,000 |
|
2.38 |
|
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Ivory Coast |
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45.00 |
|
85.00 |
|
100,000,000 |
|
38.25 |
|
125,000,000 |
|
30.60 |
|
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Jamaica |
|
11.00 |
|
70.00 |
|
100,000,000 |
|
9.35 |
|
125,000,000 |
|
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 |
|
1.15 |
|
6,937,500,000 |
|
0.92 |
|
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Jersey |
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35.00 |
|
85.00 |
|
100,000,000 |
|
29.75 |
|
125,000,000 |
|
23.80 |
|
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Jordan |
|
30.00 |
|
90.00 |
|
150,000,000 |
|
25.50 |
|
187,500,000 |
|
20.40 |
|
|
Kazakhstan |
|
45.00 |
|
85.00 |
|
100,000,000 |
|
38.25 |
|
125,000,000 |
|
30.60 |
|
|
Kenya |
|
40.00 |
|
82.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
|
Korea |
|
10.50 |
|
30.00 |
|
1,000,000,000 |
|
8.93 |
|
1,250,000,000 |
|
7.14 |
|
|
Latvia |
|
30.00 |
|
55.00 |
|
100,000,000 |
|
25.50 |
|
125,000,000 |
|
20.40 |
|
|
Market |
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Asset |
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Transaction |
|
Threshold I |
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Tier II |
|
Threshold II |
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Tier III |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Lebanon |
|
40.00 |
|
85.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
|
Lithuania |
|
30.00 |
|
57.50 |
|
100,000,000 |
|
25.50 |
|
125,000,000 |
|
20.40 |
|
|
Luxembourg |
|
3.50 |
|
40.00 |
|
100,000,000 |
|
2.80 |
|
125,000,000 |
|
2.24 |
|
|
Malaysia |
|
7.00 |
|
45.00 |
|
150,000,000 |
|
6.30 |
|
187,500,000 |
|
5.67 |
|
|
Malta |
|
30.00 |
|
57.50 |
|
100,000,000 |
|
25.50 |
|
125,000,000 |
|
20.40 |
|
|
Mauritius |
|
40.00 |
|
85.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
|
Mexico |
|
5.50 |
|
35.00 |
|
385,000,000 |
|
4.40 |
|
481,250,000 |
|
3.30 |
|
|
Morocco |
|
30.00 |
|
90.00 |
|
150,000,000 |
|
27.00 |
|
187,500,000 |
|
24.30 |
|
|
Namibia |
|
40.00 |
|
85.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
|
Nepal |
|
40.00 |
|
85.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
|
Netherlands |
|
3.00 |
|
25.00 |
|
1,685,000,000 |
|
2.55 |
|
2,081,250,000 |
|
2.04 |
|
|
New Zealand |
|
2.00 |
|
35.00 |
|
185,000,000 |
|
1.60 |
|
231,250,000 |
|
1.28 |
|
|
Nigeria |
|
45.00 |
|
85.00 |
|
100,000,000 |
|
38.25 |
|
125,000,000 |
|
30.60 |
|
|
Norway |
|
3.75 |
|
35.00 |
|
150,000,000 |
|
3.00 |
|
187,500,000 |
|
2.25 |
|
|
Oman |
|
45.00 |
|
100.00 |
|
150,000,000 |
|
38.25 |
|
187,500,000 |
|
30.60 |
|
|
Pakistan |
|
30.00 |
|
85.00 |
|
150,000,000 |
|
25.50 |
|
187,500,000 |
|
20.40 |
|
|
Peru |
|
35.00 |
|
85.00 |
|
100,000,000 |
|
29.75 |
|
125,000,000 |
|
23.80 |
|
|
Philippines |
|
15.00 |
|
60.00 |
|
150,000,000 |
|
12.75 |
|
187,500,000 |
|
10.20 |
|
|
Poland |
|
25.00 |
|
65.00 |
|
280,000,000 |
|
20.00 |
|
350,000,000 |
|
16.00 |
|
|
Portugal |
|
12.00 |
|
45.00 |
|
150,000,000 |
|
10.20 |
|
187,500,000 |
|
8.16 |
|
|
Romania |
|
40.00 |
|
80.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
|
Russia |
|
22.00 |
|
75.00 |
|
150,000,000 |
|
18.70 |
|
187,500,000 |
|
14.96 |
|
|
Singapore |
|
4.00 |
|
45.00 |
|
445,000,000 |
|
3.20 |
|
556,250,000 |
|
2.40 |
|
|
Slovakia |
|
35.00 |
|
85.00 |
|
100,000,000 |
|
29.75 |
|
125,000,000 |
|
23.80 |
|
|
Slovenia |
|
30.00 |
|
75.00 |
|
150,000,000 |
|
25.50 |
|
187,500,000 |
|
20.40 |
|
|
South Africa |
|
4.50 |
|
30.00 |
|
730,000,000 |
|
3.60 |
|
912,500,000 |
|
2.70 |
|
|
Spain |
|
4.25 |
|
40.00 |
|
600,000,000 |
|
3.40 |
|
750,000,000 |
|
2.55 |
|
|
Sri Lanka |
|
20.00 |
|
55.00 |
|
100,000,000 |
|
17.00 |
|
125,000,000 |
|
13.60 |
|
|
Swaziland |
|
40.00 |
|
85.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
|
Sweden |
|
3.50 |
|
30.00 |
|
600,000,000 |
|
2.96 |
|
750,000,000 |
|
2.23 |
|
|
Switzerland |
|
3.25 |
|
30.00 |
|
1,525,000,000 |
|
2.76 |
|
1,906,250,000 |
|
2.21 |
|
|
Taiwan |
|
13.00 |
|
70.00 |
|
683,000,000 |
|
11.70 |
|
853,750,000 |
|
10.53 |
|
|
Thailand |
|
12.00 |
|
45.00 |
|
175,000,000 |
|
10.20 |
|
218,750,000 |
|
8.16 |
|
|
Tunisia |
|
40.00 |
|
50.00 |
|
150,000,000 |
|
34.00 |
|
187,500,000 |
|
27.20 |
|
|
Turkey |
|
12.50 |
|
50.00 |
|
465,000,000 |
|
10.63 |
|
581,250,000 |
|
8.50 |
|
|
Ukraine |
|
45.00 |
|
85.00 |
|
100,000,000 |
|
38.25 |
|
125,000,000 |
|
30.60 |
|
|
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 |
|
▇.▇▇ |
|
|
▇▇▇▇▇▇ ▇▇▇▇▇▇ |
|
0.20 |
|
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 |
|
|
Venezuela |
|
35.00 |
|
85.00 |
|
100,000,000 |
|
29.75 |
|
125,000,000 |
|
23.80 |
|
|
Vietnam |
|
40.00 |
|
85.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
|
Zambia |
|
40.00 |
|
80.00 |
|
100,000,000 |
|
34.00 |
|
125,000,000 |
|
27.20 |
|
|
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 ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ assets with JPMorgan.
Miscellaneous Fees & Out of Pocket Expenses:
|
Cash Movements |
|
$6 |
|
for USD settlements |
|
|
|
$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 ▇▇▇▇ 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.