Description of Accounting Services on a Continuous Basis. The Administrator will perform the following accounting services with respect to the Portfolio:
(i) Journalize investment, capital share and income and expense activities;
(ii) Verify investment buy/sell trade tickets when received from the investment adviser for the Portfolio (the “Adviser”) and transmit trades to the Fund’s custodian (the “Custodian”) for proper settlement;
(iii) Maintain individual ledgers for investment securities;
(iv) Maintain historical tax lots for each security;
(v) Reconcile cash and investment balances of the Fund with the Custodian, and provide the Adviser with the beginning cash balance available for investment purposes;
(vi) Update the cash availability throughout the day as required by the Adviser;
(vii) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations;
(viii) Calculate various contractual expenses (e.g., advisory and custody fees);
(ix) Monitor the expense accruals and notify an officer of the Fund of any proposed adjustments;
(x) Control all disbursements and authorize such disbursements upon Written Instructions;
(xi) Calculate capital gains and losses;
(xii) Determine net income;
(xiii) Obtain security market quotes from independent pricing services approved by the Adviser, or if such quotes are unavailable, then obtain such prices from the Adviser, and in either case calculate the market value of the Portfolio’s Investments;
(xiv) Transmit or mail a copy of the daily portfolio valuation to the Adviser;
(xv) Compute net asset value;
(xvi) As appropriate, compute yields, total return, expense ratios, portfolio turnover rate, and, if required, portfolio average dollar-weighted maturity; and
(xvii) Prepare upon request a monthly financial statement which includes the following items: Schedule of Investments Statement of Assets and Liabilities Statement of Operations Cash Statement Schedule of Capital Gains and Losses.
Description of Accounting Services on a Continuous Basis. BNYM will perform the following accounting services with respect to each Portfolio:
(i) Journalize investment, capital share and income and expense activities;
(ii) Verify investment buy/sell trade tickets when received from the investment adviser for a Portfolio (the “Adviser”) and transmit trades to the Fund’s custodian (the “Custodian”) for proper settlement;
(iii) Maintain individual ledgers for investment securities;
(iv) Maintain historical tax lots for each security;
(v) Reconcile cash and investment balances of each Fund with its Custodian, and provide the Adviser with the beginning cash balance available for investment purposes;
(vi) Update the cash availability throughout the day as required by the Adviser;
(vii) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations;
(viii) Calculate various contractual expenses (e.g., advisory, sub-advisory, administration, 12b-1 fees and shareholder servicing fees);
(ix) Monitor the expense accruals and notify an officer of the relevant Fund of any proposed adjustments;
(x) Control all disbursements and authorize such disbursements upon Written Instructions;
(xi) Calculate capital gains and losses;
(xii) Calculate income and capital gains available for periodic distribution and upon approval by the Administrator, process the distributions;
(xiii) Determine net income;
(xiv) Obtain security market quotes from independent pricing services approved by the Adviser, or if such quotes are unavailable, then obtain such prices from the Adviser, and in either case calculate the market value of each Portfolio’s investments in accordance with the relevant Fund’s valuation policies or guidelines; provided, however, that BNYM shall not under any circumstances be under a duty to independently price or value any of a Fund’s investments itself or to confirm or validate any information or valuation provided by the Adviser or any other pricing source, nor shall BNYM have any liability relating to inaccuracies or otherwise with respect to such information or valuations unless such inaccuracy was caused by the failure of BNYM to meet its Standard of Care;
Description of Accounting Services on a Continuous Basis. PFPC will perform the following accounting services with respect to each Portfolio: (i) Journalize investment, capital share and income and expense activities;
Description of Accounting Services on a Continuous Basis. BACAP will perform the following accounting services with respect to the Fund:
(a) Journalize investment, capital share and income and expense activities;
(b) Maintain individual ledgers for investment securities;
(c) Maintain historical tax lots for each security;
(d) Reconcile cash and investment balances of the Fund with the Custodian;
(e) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations;
(f) Calculate various contractual expenses (e.g., advisory and custody fees);
(g) Monitor the expense accruals and notify an officer of the Fund of any proposed adjustments;
(h) Control all disbursements and authorize such disbursements upon Written Instructions;
(i) Calculate capital gains and losses;
(j) Determine net income;
(k) Obtain security market quotes from independent pricing services approved by the Adviser, or if such quotes are unavailable, then obtain such prices from the Adviser, and in either case calculate the market value of the Fund's Investments;
(l) Transmit or mail a copy of the daily portfolio valuation to the Adviser;
(m) Compute net asset value;
(n) As appropriate, compute yields, total return, expense ratios, portfolio turnover rate, and, if required, portfolio average dollar-weighted maturity; and
(o) Prepare a monthly financial statement, which will include the following items: Schedule of Investments Statement of Assets and Liabilities Statement of Operations Statement of Changes in Net Assets Cash Statement Schedule of Capital Gains and Losses.
Description of Accounting Services on a Continuous Basis. PFPC will perform the following accounting services with respect to each portfolio:
(i) Journalize investment, capital and income and expense activities;
(ii) Verify investment buy/sell trade tickets when received from the investment adviser for the portfolio (the "Adviser") and, with respect only to those portfolios that invest principally in U.S. domestic securities, transmit trades to such portfolio's custodian(s) for proper settlement;
(iii) Maintain individual ledgers for each investment fund in which the Fund is invested and use valuations provided by the underlying funds in which the Fund is invested as reported by the Adviser;
(iv) Maintain historical tax lots for each security;
(v) Record and reconcile corporate action activity and all other capital changes;
(vi) Reconcile cash and investment balances of the Fund with the Fund's custodian(s), and provide the Adviser with the beginning cash balance available for investment purposes.
(vii) Calculate contractual expenses, including management fees and incentive allocation, as applicable, in accordance with the Fund's confidential memorandum;
(viii) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations in U.S. dollar terms;
(ix) Monitor the expense accruals and notify and officer of the Fund of any proposed adjustments;
(x) Control all disbursements and authorize such disbursements from the Fund's account with the custodian(s) upon Written Instructions;
(xii) Calculate capital gains and losses;
(xiii) Determine net income;
(xiv) Determine applicable foreign exchange gains and losses on payables and receivables;
Description of Accounting Services on a Continuous Basis. PFPC will perform the following accounting services with respect to each Fund:
(i) Journalize investment, capital share and income and expense activities;
(ii) Verify investment buy/sell trade tickets when received from the investment adviser for a Fund (the “Adviser”);
(iii) Maintain individual ledgers for investment securities;
(iv) Maintain historical tax lots for each security;
(v) Reconcile cash and investment balances of the Fund with the Custodian, and provide the Adviser with the beginning cash balance available for investment purposes daily;
(vi) Post to and prepare daily, the general ledger and trial balance;
(vii) Calculate capital gains and losses;
(viii) Determine book-basis net income;
(ix) Obtain security market quotes from independent pricing services approved by the Adviser, or if such quotes are unavailable, then obtain such prices from the Adviser, and in either case calculate the market value of each Fund’s Investments in accordance with the Funds’ Valuation Procedures;
(x) Transmit, mail or otherwise make available a copy of the daily portfolio valuation to the Adviser; PFPC shall provide to the Fund the Data Repository and Analytics Suite (DRAS) internet access service;
(xi) Compute net asset value;
(xii) Provide accounting information for the following:
(A) federal and state income tax returns and federal excise tax returns;
(B) the Trust’s semi-annual reports with the SEC on Form N-SAR;
(C) the Trust’s annual, semi-annual and quarterly, if any, shareholder reports;
(D) registration statements on Form N-1A and other filings relating to the registration of shares;
(E) the Administrator’s monitoring of the Trust’s status as a regulated investment company under subchapter M of the Internal Revenue Code, as amended;
(F) annual audit by the Trust’s auditors; and
(G) examinations performed by the SEC.
Description of Accounting Services on a Continuous Basis. PFPC will perform the following accounting services with respect to each Subaccount:
(i) Journalize investment, capital share and income and expense activities;
(ii) Maintain individual ledgers for investment securities;
(iii) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations;
(iv) Calculate mortality and expense;
(v) Control all disbursements and authorize such disbursements upon Written Instructions;
(vi) Calculate capital gains and losses;
(vii) Determine net income;
(viii) Compute Subaccount accumulated unit value on a daily basis;
(ix) Prepare annual financial statement, which will include the following items: Statement of Assets and Liabilities Statement of Operations Statement of Changes in Net Assets
(x) Receive NAV information from other advisers identified by PLAC and compute unit values; and
(xi) Transmit Subaccount information in electronic form daily in a timely manner. In addition, PFPC will provide to PLAC the DataPathsm Internet access services as set forth on Exhibit C attached hereto and made a part hereof, as such Exhibit C may be amended from time to time. Persons who are PLAC “Authorized Users” to access DataPathsm are set forth on Exhibit C attached hereto and made a part hereof, as such Exhibit D may be amended from time to time.
Description of Accounting Services on a Continuous Basis. PFPC will perform the following accounting services with respect to each portfolio:
(i) Journalize investment, capital and income and expense activities;
(ii) Verify investment buy/sell trade tickets when received from the investment adviser for the portfolio (the "Adviser");
(iii) Maintain individual ledgers for investment securities;
(iv) Maintain historical tax lots for each security;
(v) Record and reconcile corporate action activity and all other capital changes;
(vi) Reconcile cash and investment balances of the Fund with the Fund's custodian(s), and provide the Adviser with the beginning cash balance available for investment purposes.
(vii) Calculate contractual expenses, including management fees and incentive allocation, as applicable, in accordance with the Fund's confidential memorandum;
(ix) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations in U.S. dollar terms;
(x) Monitor the expense accruals and notify an officer of the Fund of any proposed adjustments;
(xi) Control all disbursements and authorize such disbursements from the Fund's account with the custodian(s) upon Written Instructions;
(xii) Calculate capital gains and losses;
(xiii) Determine net income;
(xiv) Determine applicable foreign exchange gains and losses on payables and receivables;
(xv) Obtain daily security market quotes and currency exchange rates from independent pricing services approved by the Adviser, or if such quotes are unavailable, then obtain such prices from the Adviser, and in either case calculate the market value of the Fund's investments in accordance with the applicable valuation policies or guidelines provided by the Fund to PFPC, provided that PFPC does not inform the Fund that it is either unable or unwilling to comply with such policies or procedures;
(xvi) Transmit or mail a copy of the daily portfolio valuation to the Adviser;
(xvii) Arrange for the computation of the net asset value in accordance with the provisions of the Fund's Organizational Documents and confidential memorandum; and
(xviii) As appropriate, compute yields, total return, expense ratios, portfolio turnover rate, and, if required, portfolio average dollar-weighted maturity as well as compute and monitor dividend payments.
Description of Accounting Services on a Continuous Basis. PFPC will perform the following accounting services with respect to each Portfolio:
8 9 (i) Journalize investment, capital share and income and expense activities;
Description of Accounting Services on a Continuous Basis. PFPC will perform the following accounting services as required with respect to the Fund:
(i) Journalize investment, capital and income and expense activities;
(ii) Record investment buy/sell trade tickets when received from the investment adviser for the portfolio (the "Adviser");
(iii) Transmit trades to the Fund's custodian for proper settlement;
