Exhibit h.19
Amendment No. 8 to the Transfer Agency and Services Agreement
for IMPRESSNet(R) Services
AMENDMENT NO. 8 TO THE TRANSFER AGENCY AND SERVICES AGREEMENT
FOR IMPRESSNET(R) SERVICES
THIS AMENDMENT, dated as of this 1st day of June, 2000 is made to the Transfer
Agency Agreement (the "Agreement") between the AETNA SERIES FUND, INC. (the
"Fund") and FIRST DATA INVESTOR SERVICES GROUP, INC. (f/k/a PFPC Inc.).
WITNESSETH
WHEREAS, the Fund desires to enable Financial Planners to access
certain Fund and Shareholder information maintained by PFPC on behalf of the
Fund on the PFPC System through the use of the Internet and PFPC desires to
allow such access and provide certain services as more fully described below in
connection therewith;
NOW THEREFORE, the Fund and PFPC agree that as of the date first
referenced above, PFPC Agreement shall be amended as follows:
1. All references to "First Data Investor Services Group, Inc." and
"Investor Services Group" are hereby deleted and replaced with "PFPC
Inc." and "PFPC" respectively.
2. The Fund's address is hereby replaced as follows:
00 Xxxxx Xxxxx Xxxxxx
Xxxxxxxx, Xxxxxxxxxxx 00000-0000
Attn: Chief Compliance Officer
3. Definitions. The following definitions are hereby incorporated into
Agreement:
(a) "Account Inquiry" shall mean any access to the PFPC System via
IMPRESSNet(R) initiated by an End-User which is not a Financial
Transaction.
(b) "Financial Planner" shall mean any investment advisor,
broker-dealer, registered representative, financial planner or any
other person authorized to act on behalf of a Shareholder.
(c) "Financial Transaction" shall mean any purchase, redemption,
exchange or any other transaction involving the movement of Shares
initiated by a Financial Planner.
(d) "Fund Home Page" shall mean the Fund's proprietary web site on the
Internet used by the Fund to provide information to Shareholders and
potential Shareholders.
(e) "IMPRESSNet(R)" shall mean the PFPC proprietary system consisting
of the PFPC Secure Net Gateway and the PFPC Web Transaction Engine.
(f) "PFPC Secure Net Gateway" shall mean the system of computer
hardware and software and network established by PFPC to provide access
between PFPC recordkeeping system and the Internet.
(g) "PFPC Web Transaction Engine" shall mean the system of computer
hardware and software created and established by PFPC in order to
enable Shareholders of the Fund to perform the transactions
contemplated hereunder.
(h) "Internet" shall mean the communications network comprised of
multiple communications networks linking education, government,
industrial and private computer networks.
4. Responsibilities of PFPC. In addition to the services rendered by PFPC
as set forth in the Agreement, PFPC agrees to provide the following
services for the fees, if applicable, set forth in the Schedule of
IMPRESSNet(R) Fees attached hereto as Schedule A of this Amendment:
(a) In accordance with the written IMPRESSNet(R) procedures and product
functionality documentation provided to the Fund by PFPC, PFPC shall,
through the use of the PFPC Web Transaction Engine and Secure Net
Gateway; (i) enable the Funds and Financial Planners to utilize the
Internet to access Fund information maintained by the Fund on the Fund
Home Page; and (ii) enable Financial Planners to utilize the Internet
to access the PFPC System in order to perform account inquiries and
transactions in Shareholder accounts.
(b) Process the set up of personal identification numbers ("PIN") which
shall include verification of initial identification numbers issued,
reset and activate personalized PIN's and reissue new PIN's in
connection with lost PIN's.
(c) Installation services which shall include, review and sign off on
the Fund's network requirements, recommending method of linking to the
PFPC Web Transaction Engine, installing network hardware and software,
implementing the network connectivity, and testing the network
connectivity and performance;
(d) Maintenance and support of the PFPC Secure Net Gateway and the PFPC
Web Transaction Engine, which includes the following:
(i) error corrections, minor enhancements and interim upgrades
to IMPRESSNet(R) which are made generally
available by PFPC Inc. to IMPRESSNet(R) customers;
(ii) help desk support to provide assistance to Fund
employees and Financial Planners with the use of
IMPRESSNet(R).
Maintenance and support shall not include (i) access to or use of any
substantial added functionality, new interfaces, new architecture, new
platforms, new versions or major
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development efforts, unless made generally available by PFPC Inc. to
IMPRESSNet(R) clients, as determined solely by PFPC Inc.; or (ii)
maintenance of customized features.
(e) Maintenance and upkeep of the security infrastructure and
capabilities described in the procedures and product functionality
documentation.
(f) Prepare and forward a monthly usage report to the Fund which shall
provide the Fund with a summary of activity and functionality used by
Financial Planners.
5. Responsibility of the Fund. In connection with the services provided by
PFPC hereunder, the Fund shall be responsible for the following:
(a) establishment and maintenance of the Fund Home Page on the
Internet;
(b) services and relationships between the Fund and any third party
on-line service providers to enable Financial Planners to access
the Fund Home Page [and/or the Investor Services System] via the
Internet;
(c) provide PFPC with access to and information regarding the Fund Home
Page in order to enable PFPC to provide the services contemplated
hereunder.
6. Terms not otherwise defined herein shall have the meaning ascribed to
them in the Agreement.
7. All of the services described herein are subject to the terms of the
Fund's registration statement. To the extent there is a conflict
between this Amendment and/or the Agreement and the registration
statement, the terms of the registration statement shall govern.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized officers, as of the day and year first above
written.
AETNA SERIES FUND, INC. PFPC, INC.
(f/k/a/ First Data Investor Services Group, Inc.)
By: /s/ Xxxxx X. Xxxxxxx By: /s/ Xxxxxxxx Xxxxxxx
----------------------------------- --------------------------------------------
Name: Xxxxx X. Xxxxxxx Name: Xxxxxxxx Xxxxxxxx
-------------------------------- --------------------------------------------
Title: Vice President Title: SVP
-------------------------------- --------------------------------------------
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SCHEDULE A
IMPRESSNET(R) FEES
A. Brokerage Version.
1. One Time Set up Fee: WAIVED
2. Annual Maintenance Fee: $25,000.00 per annum
3. Transaction Costs:
o Account Inquiry $.05 per inquiry ($2000.00 minimum per month)
o Financial Transactions $.30 per transaction ($200.00 per month minimum)
o New Account Set Up w/ Settlement $1.50 per account
o Statements** $.10 per statement
* Capability requires PFPC COLD Storage Platform
B. Customized Development: $150 per hour*
* All Customized Development is subject to the Fund's prior written consent to
perform such development work and the Fund's written acknowledgement of
specifications needed to complete such development work, including a written
estimate of total costs.
The above referenced fees do not include fees associated with third party
software products or fees associated with other PFPC products which may be
required to utilize future releases of IMPRESSNet(TM).
PFPC will provide an invoice as soon as practicable after the end of each
calendar month. The Fund agrees to pay to PFPC the amounts so billed by Federal
Funds Wire within thirty (30) business days after the Fund's receipt of the
invoice. In addition, with respect to all fees, PFPC may charge a service fee
subject to the terms set forth in Section 6.3 of the Agreement, including the
rights available to the Fund.
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