Compensating Balance Arrangement. The Funds and The Bank of New York have entered into a compensating balance arrangement, which would allow the Funds to compensate the Bank for any overdrafts by maintaining a positive cash balance the next day. Conversely, on any day the Funds maintain a positive balance, they will be allowed to overdraw the account as compensation. In both cases, Federal Reserve requirements, currently 10%, will be assessed. Therefore, all overdrafts must be compensated at 100% of the total and all positive balances will allow for an overdraft of 90% of the total. Balances for the tax-exempt portfolios will be permitted an open-ended roll forward. The taxable portfolios are closed out on a quarterly basis with no carry-over to the subsequent quarter. At the end of each quarter, the average overdraft will be assessed a fee of 1% above the actual Federal Funds rate at the end of the period. Any average positive balance will receive an earnings credit computed at the daily effective 90 day T-bill rate minus 0.25 bps on the last day of t▇▇ period. Earnings credits will be offset against the Funds' safekeeping fees. GLOBAL CUSTODY (NON-US SECURITIES PROCESSING) ------------------------------------------------------------ | Global | | Safekeeping Fee Transaction Fee| |Countries *(in basis points)1 (U.S. Dollars)2| ------------------------------------------------------------ |Argentina 17.00 55| ------------------------------------------------------------ |Australia 1.50 25| ------------------------------------------------------------ |Austria 3.00 40| ------------------------------------------------------------ |Bahrain 50.00 140| ------------------------------------------------------------ |Bangladesh 50.00 145| ------------------------------------------------------------ |Belgium 2.50 35| ------------------------------------------------------------ |Bermuda 17.00 70| ------------------------------------------------------------ |Botswana 50.00 140| ------------------------------------------------------------ |Brazil 12.00 30| ------------------------------------------------------------ |Bulgaria 30.00 85| ------------------------------------------------------------ |Canada 1.00 10| ------------------------------------------------------------ |Chile 20.00 80| ------------------------------------------------------------ |China "A" Shares 15.00 80| ------------------------------------------------------------ |China "B" Shares 15.00 60| ------------------------------------------------------------ |Colombia 50.00 95| ------------------------------------------------------------ |Costa Rica 14.00 65| ------------------------------------------------------------ |Croatia 25.00 70| ------------------------------------------------------------ |Cyprus 15.00 35| ------------------------------------------------------------ |Czech Republic 18.00 50| ------------------------------------------------------------ |Denmark 2.00 35| ------------------------------------------------------------ |Ecuador 30.00 55| ------------------------------------------------------------ |Egypt 30.00 85| ------------------------------------------------------------ |Estonia 10.00 60| ------------------------------------------------------------ |Euromarket/Euroclear3 1.00 10| ------------------------------------------------------------ |Euromarket/Clearstream 1.00 10| ------------------------------------------------------------ |Finland 3.50 35| ------------------------------------------------------------ |France 2.00 30| ------------------------------------------------------------ |Germany 1.50 25| ------------------------------------------------------------ |Ghana 50.00 140| ------------------------------------------------------------ |Greece 9.00 40| ------------------------------------------------------------ |Hong Kong 3.00 45| ------------------------------------------------------------ |Hungary 20.00 55| ------------------------------------------------------------ |Iceland 11.00 35| ------------------------------------------------------------ |India 13.00 105| ------------------------------------------------------------ |Indonesia 11.00 80| ------------------------------------------------------------ |Ireland (Equities) 3.00 33| ------------------------------------------------------------ |Ireland (Gov't Bonds) 1.00 13| ------------------------------------------------------------ |Israel 20.00 40| ------------------------------------------------------------ |Italy 1.50 35| ------------------------------------------------------------ |Ivory Coast 50.00 140| ------------------------------------------------------------ |Jamaica 50.00 60| ------------------------------------------------------------ |Japan 1.75 20| ------------------------------------------------------------ |Jordan 50.00 140| ------------------------------------------------------------ |Kazakhstan 53.00 140| ------------------------------------------------------------ |Kenya 48.00 140| ------------------------------------------------------------ |Latvia 50.00 45| ------------------------------------------------------------ |Lebanon 50.00 140| ------------------------------------------------------------ |Lithuania 20.00 43| ------------------------------------------------------------ |Luxembourg 10.00 80| ------------------------------------------------------------ |Malaysia 4.50 45| ------------------------------------------------------------ |Malta 20.00 63| ------------------------------------------------------------ |Mauritius 25.00 100| ------------------------------------------------------------ |Mexico 6.50 30| ------------------------------------------------------------ |Morocco 50.00 95| ------------------------------------------------------------ |Namibia 50.00 60| ------------------------------------------------------------ |Netherlands 2.00 25| ------------------------------------------------------------ |New Zealand 2.00 35| ------------------------------------------------------------ |Nigeria 50.00 60| ------------------------------------------------------------ |Norway 2.50 35| ------------------------------------------------------------ |Oman 50.00 140| ------------------------------------------------------------ |Pakistan 50.00 140| ------------------------------------------------------------ |Peru 50.00 83| ------------------------------------------------------------ |Philippines 6.00 60| ------------------------------------------------------------ |Poland 15.00 63| ------------------------------------------------------------ |Portugal 5.00 50| ------------------------------------------------------------ |Qatar 50.00 140| ------------------------------------------------------------ |Romania 30.00 80| ------------------------------------------------------------ |Russia Equities 40.00 95| ------------------------------------------------------------ |Singapore 3.50 45| ------------------------------------------------------------ |Slovak Republic 23.00 95| ------------------------------------------------------------ |Slovenia 50.00 60| ------------------------------------------------------------ |South Africa 2.50 30| ------------------------------------------------------------ |South Korea 6.50 45| ------------------------------------------------------------ |Spain 2.50 40| ------------------------------------------------------------ |Sri Lanka 13.00 70| ------------------------------------------------------------ |Swaziland 50.00 60| ------------------------------------------------------------ |Sweden 2.00 30| ------------------------------------------------------------ |Switzerland 2.00 35| ------------------------------------------------------------ |Taiwan 10.00 60| ------------------------------------------------------------ |Thailand 5.00 50| ------------------------------------------------------------ |Trinidad & Tobago 50.00 53| ------------------------------------------------------------ |Tunisia 50.00 53| ------------------------------------------------------------ |Turkey 12.50 60| ------------------------------------------------------------ |Ukraine 75.00 250| ------------------------------------------------------------ |United Kingdom 0.50 10| ------------------------------------------------------------ |Uruguay 75.00 83| ------------------------------------------------------------ |Venezuela 50.00 140| ------------------------------------------------------------ |Zambia 50.00 140| ------------------------------------------------------------ |Zimbabwe 50.00 140| ------------------------------------------------------------ Not In Bank/Not in Custody Assets USA4 $500 per line per annum THIRD PARTY FOREIGN EXCHANGE SETTLEMENTS $70 per non-USD currency movement MINIMUM CHARGES IMPOSED BY AGENT BANKS/LOCAL ADMINISTRATORS Brazil - 15 basis points for annual administrative charges Colombia - USD $600 per month minimum administration charge Ecuador - USD $800 monthly minimum per relationship Egypt - USD $400 monthly minimum per relationship ADDITIONAL CHARGES Local taxes, stamp duties or other assessments, including stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees or other unusual expenses, which are unique to a country in which the Funds are investing Footnotes
Appears in 1 contract
Sources: Fund Accounting Agreement (Money Market Obligations Trust /New/)
Compensating Balance Arrangement. The Funds and The Bank of New York have entered into a compensating balance arrangement, which would allow the Funds to compensate the Bank for any overdrafts by maintaining a positive cash balance the next day. Conversely, on any day the Funds maintain a positive balance, they will be allowed to overdraw the account as compensation. In both cases, Federal Reserve requirements, currently 10%, will be assessed. Therefore, all overdrafts must be compensated at 100% of the total and all positive balances will allow for an overdraft of 90% of the total. Balances for the tax-exempt portfolios will be permitted an open-ended roll forward. The taxable portfolios are closed out on a quarterly basis with no carry-over to the subsequent quarter. At the end of each quarter, the average overdraft will be assessed a fee of 1% above the actual Federal Funds rate at the end of the period. Any average positive balance will receive an earnings credit computed at the daily effective 90 day T-bill rate minus 0.25 bps on the last day of t▇▇ period. Earnings credits will be offset against the Funds' safekeeping fees. GLOBAL CUSTODY (NON-US SECURITIES PROCESSING) ------------------------------------------------------------ ----------------------------------------------------------------- | Global | | Safekeeping Fee Transaction Fee| Fee | |Countries *(in basis points)1 points)[1] (U.S. Dollars)2| ------------------------------------------------------------ Dollars)[2]| ----------------------------------------------------------------- |Argentina 17.00 55| ------------------------------------------------------------ ----------------------------------------------------------------- |Australia 1.50 25| ------------------------------------------------------------ ----------------------------------------------------------------- |Austria 3.00 40| ------------------------------------------------------------ ----------------------------------------------------------------- |Bahrain 50.00 140| ------------------------------------------------------------ ----------------------------------------------------------------- |Bangladesh 50.00 145| ------------------------------------------------------------ ----------------------------------------------------------------- |Belgium 2.50 35| ------------------------------------------------------------ ----------------------------------------------------------------- |Bermuda 17.00 70| ------------------------------------------------------------ ----------------------------------------------------------------- |Botswana 50.00 140| ------------------------------------------------------------ ----------------------------------------------------------------- |Brazil 12.00 30| ------------------------------------------------------------ ----------------------------------------------------------------- |Bulgaria 30.00 85| ------------------------------------------------------------ ----------------------------------------------------------------- |Canada 1.00 10| ------------------------------------------------------------ ----------------------------------------------------------------- |Chile 20.00 80| ------------------------------------------------------------ ----------------------------------------------------------------- |China "A" Shares 15.00 80| ------------------------------------------------------------ ----------------------------------------------------------------- |China "B" Shares 15.00 60| ------------------------------------------------------------ ----------------------------------------------------------------- |Colombia 50.00 95| ------------------------------------------------------------ ----------------------------------------------------------------- |Costa Rica 14.00 65| ------------------------------------------------------------ ----------------------------------------------------------------- |Croatia 25.00 70| ------------------------------------------------------------ ----------------------------------------------------------------- |Cyprus 15.00 35| ------------------------------------------------------------ ----------------------------------------------------------------- |Czech Republic 18.00 50| ------------------------------------------------------------ ----------------------------------------------------------------- |Denmark 2.00 35| ------------------------------------------------------------ ----------------------------------------------------------------- |Ecuador 30.00 55| ------------------------------------------------------------ ----------------------------------------------------------------- |Egypt 30.00 85| ------------------------------------------------------------ ----------------------------------------------------------------- |Estonia 10.00 60| ------------------------------------------------------------ ----------------------------------------------------------------- |Euromarket/Euroclear3 Euroclear[3] 1.00 10| ------------------------------------------------------------ ----------------------------------------------------------------- |Euromarket/Clearstream 1.00 10| ------------------------------------------------------------ ----------------------------------------------------------------- |Finland 3.50 35| ------------------------------------------------------------ ----------------------------------------------------------------- |France 2.00 30| ------------------------------------------------------------ ----------------------------------------------------------------- |Germany 1.50 25| ------------------------------------------------------------ ----------------------------------------------------------------- |Ghana 50.00 140| ------------------------------------------------------------ ----------------------------------------------------------------- |Greece 9.00 40| ------------------------------------------------------------ ----------------------------------------------------------------- |Hong Kong 3.00 45| ------------------------------------------------------------ ----------------------------------------------------------------- |Hungary 20.00 55| ------------------------------------------------------------ ----------------------------------------------------------------- |Iceland 11.00 35| ------------------------------------------------------------ ----------------------------------------------------------------- |India 13.00 105| ------------------------------------------------------------ ----------------------------------------------------------------- |Indonesia 11.00 80| ------------------------------------------------------------ ----------------------------------------------------------------- |Ireland (Equities) 3.00 33| ------------------------------------------------------------ ----------------------------------------------------------------- |Ireland (Gov't Bonds) 1.00 13| ------------------------------------------------------------ ----------------------------------------------------------------- |Israel 20.00 40| ------------------------------------------------------------ ----------------------------------------------------------------- |Italy 1.50 35| ------------------------------------------------------------ ----------------------------------------------------------------- |Ivory Coast 50.00 140| ------------------------------------------------------------ ----------------------------------------------------------------- |Jamaica 50.00 60| ------------------------------------------------------------ ----------------------------------------------------------------- |Japan 1.75 20| ------------------------------------------------------------ ----------------------------------------------------------------- |Jordan 50.00 140| ------------------------------------------------------------ ----------------------------------------------------------------- |Kazakhstan 53.00 140| ------------------------------------------------------------ ----------------------------------------------------------------- |Kenya 48.00 140| ------------------------------------------------------------ ----------------------------------------------------------------- |Latvia 50.00 45| ------------------------------------------------------------ ----------------------------------------------------------------- |Lebanon 50.00 140| ------------------------------------------------------------ ----------------------------------------------------------------- |Lithuania 20.00 43| ------------------------------------------------------------ ----------------------------------------------------------------- |Luxembourg 10.00 80| ------------------------------------------------------------ ----------------------------------------------------------------- |Malaysia 4.50 45| ------------------------------------------------------------ ----------------------------------------------------------------- |Malta 20.00 63| ------------------------------------------------------------ ----------------------------------------------------------------- |Mauritius 25.00 100| ------------------------------------------------------------ ----------------------------------------------------------------- |Mexico 6.50 30| ------------------------------------------------------------ ----------------------------------------------------------------- |Morocco 50.00 95| ------------------------------------------------------------ ----------------------------------------------------------------- |Namibia 50.00 60| ------------------------------------------------------------ ----------------------------------------------------------------- |Netherlands 2.00 25| ------------------------------------------------------------ ----------------------------------------------------------------- |New Zealand 2.00 35| ------------------------------------------------------------ ----------------------------------------------------------------- |Nigeria 50.00 60| ------------------------------------------------------------ ----------------------------------------------------------------- |Norway 2.50 35| ------------------------------------------------------------ ----------------------------------------------------------------- |Oman 50.00 140| ------------------------------------------------------------ ----------------------------------------------------------------- |Pakistan 50.00 140| ------------------------------------------------------------ ----------------------------------------------------------------- |Peru 50.00 83| ------------------------------------------------------------ ----------------------------------------------------------------- |Philippines 6.00 60| ------------------------------------------------------------ ----------------------------------------------------------------- |Poland 15.00 63| ------------------------------------------------------------ ----------------------------------------------------------------- |Portugal 5.00 50| ------------------------------------------------------------ ----------------------------------------------------------------- |Qatar 50.00 140| ------------------------------------------------------------ ----------------------------------------------------------------- |Romania 30.00 80| ------------------------------------------------------------ ----------------------------------------------------------------- |Russia Equities 40.00 95| ------------------------------------------------------------ ----------------------------------------------------------------- |Singapore 3.50 45| ------------------------------------------------------------ ----------------------------------------------------------------- |Slovak Republic 23.00 95| ------------------------------------------------------------ ----------------------------------------------------------------- |Slovenia 50.00 60| ------------------------------------------------------------ ----------------------------------------------------------------- |South Africa 2.50 30| ------------------------------------------------------------ ----------------------------------------------------------------- |South Korea 6.50 45| ------------------------------------------------------------ ----------------------------------------------------------------- |Spain 2.50 40| ------------------------------------------------------------ ----------------------------------------------------------------- |Sri Lanka 13.00 70| ------------------------------------------------------------ ----------------------------------------------------------------- |Swaziland 50.00 60| ------------------------------------------------------------ ----------------------------------------------------------------- |Sweden 2.00 30| ------------------------------------------------------------ ----------------------------------------------------------------- |Switzerland 2.00 35| ------------------------------------------------------------ ----------------------------------------------------------------- |Taiwan 10.00 60| ------------------------------------------------------------ ----------------------------------------------------------------- |Thailand 5.00 50| ------------------------------------------------------------ ----------------------------------------------------------------- |Trinidad & Tobago 50.00 53| ------------------------------------------------------------ ----------------------------------------------------------------- |Tunisia 50.00 53| ------------------------------------------------------------ ----------------------------------------------------------------- |Turkey 12.50 60| ------------------------------------------------------------ ----------------------------------------------------------------- |Ukraine 75.00 250| ------------------------------------------------------------ ----------------------------------------------------------------- |United Kingdom 0.50 10| ------------------------------------------------------------ ----------------------------------------------------------------- |Uruguay 75.00 83| ------------------------------------------------------------ ----------------------------------------------------------------- |Venezuela 50.00 140| ------------------------------------------------------------ ----------------------------------------------------------------- |Zambia 50.00 140| ------------------------------------------------------------ ----------------------------------------------------------------- |Zimbabwe 50.00 140| ------------------------------------------------------------ ----------------------------------------------------------------- Not In Bank/Not in Custody Assets USA4 USA[4] $500 per line per annum THIRD PARTY FOREIGN EXCHANGE SETTLEMENTS $70 per non-USD currency movement MINIMUM CHARGES IMPOSED BY AGENT BANKS/LOCAL ADMINISTRATORS Brazil - 15 basis points for annual administrative charges Colombia - USD $600 per month minimum administration charge Ecuador - USD $800 monthly minimum per relationship Egypt - USD $400 monthly minimum per relationship ADDITIONAL CHARGES Local taxes, stamp duties or other assessments, including stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees or other unusual expenses, which are unique to a country in which the Funds are investing FootnotesEXHIBIT E MONEY MARKET FUNDS FEE SCHEDULE DOMESTIC CUSTODY (U.S. SECURITIES PROCESSING) SAFEKEEPING, INCOME COLLECTION, TRANSACTION PROCESSING, ACCOUNT ADMINISTRATION
Appears in 1 contract
Sources: Fund Accounting Agreement (Money Market Obligations Trust /New/)