EX-99.GI11 13 securlendingfeesched.htm SECUR LENDING FEE SCHED securlendingfeesched.htm
 
 

 

Allianz



Custody and Securities Lending Fee schedule:
Allianz Investment Management LLC
Allianz Life Variable Insurance Products Trust
Allianz Life Variable Insurance Products Fund of Funds Trust

Effective : October 1, 2011






BNY MELLON
ASSET SERVICING





 
 

 

Custody Fee Schedule – Variable Annuity Funds


Structural Changes
Charge Per item
     Per Domestic Account
$1,500.00
     Per Global Account
$1,500.00
     Per Fund of Fund
$1,500.00
   
Administrative Fee
Basis Points
Domestic
 
     US Securities
0.250
   
Global Markets
 
     Developed Markets Category 1
2.00
     Developed Markets Category 2
3.50
     Developed Markets Category 3
6.00
     Intermediate Markets Category 4
12.00
     Intermediate Markets Category 5
20.00
     Intermediate Markets Category 6
40.00
 
 
 
Transaction Fee
Basis Points
Domestic
 
    Per Depository Eligible Transaction
$3.00
    Per Physical Transaction
$25.00
    Per Wire Out/Vendor Payment/Margin Variation Wire
$3.00
   Per F/X Not Exectied at Mellon
$25.00
   
   
Global
 
 
 
     Developed Markets Category 1
$14.00
     Developed Markets Category 2
$30.00
     Developed Markets Category 3
$40.00
     Intermediate Markets Category 4
$50.00
     Intermediate Markets Category 5
$60.00
     Intermediate Markets Category 6
$85.00
   
   
Third Party Securities Lending Support
$100,000.00
   
   
   
   
   
 
 
 
 
 

 

 
Custody Fee Schedule Terms – Variable Annuity Funds

 
 
Revenue Split
 
 
91% of the Gross Revenue to the Accounts and 9% to BNY Mellon Asset
 
Servicing with no Collateral Management Fee if selected as the sole
 
lending provider for both the Variable Annuity and Insurance General
 
Accounts.

 
Custody Fee Concession B
 
BNY Mellon Asset Servicing will discount our annual Variable Annuity
 
custody fees by $150,000.00 if ENY Mellon is chosen as the sole lending
 
provider for the Variable Annuity and Insurance General Accounts.

 
Custody Fee
 
BNY Mellon will guarantee this Fee Schedule for three (3) years.


 
 

 

Market Tiers:


Developed
Category 1
Canada, Euroclear, France, Germany, Italy, Japan, Netherlands, New Zealand, Spain, Sweden, Switzerland, United Kingdom
 
Category 2
Australia, Belgium, CEDEL, Finland, Ireland, Luxembourg, Mexico, Norway, South Africa
 
Category 3
Argentina, Austria, Brazil, Denmark, Hong Kong, Malaysia, Portugal, Singapore, South Korea, Sri Lanka, Thailand, Turkey
 
Intermediate
Category 4
Czech Republic, Greece, Hungary, Indonesia, Israel, Peru, Taiwan, Zimbabwe
 
Category 5
Bangladesh, Bermuda, Botswana, Ghana, Mauritius, Pakistan, Philippines, Poland, Slovak Republic, Uruguay
 
Emerging
Category 6
Bahrain, Bolivia, Bulgaria, Chile, China, Colombia, Croatia, Egypt, Estonia, Iceland, India, Jordan, Kazakhstan, Lativia, Lebanon, Lithuania, Morocco, Oman, Panama, Romania, Russia, Slovenia, Tunisia, Ukraine, Venezuela, Vietnam, Zambia
 
BNY MELLON ASSET SERVICING

 
 

 

Signature Page

ALLIANZ Investment Management LLC

Signature:    /s/ Brian Muench
Name:  Brian J. Muench
Date: 10/5/11


ALLIANZ VARIABLE INSURANCE PRODUCTS TRUST

Signature:    /s/ Brian Muench
Name:  Brian J. Muench
Date: 10/5/11


ALLIANZ VARIABLE INSURANCE PRODUCTS FUND OF FUNDS TRUST

Signature:    /s/ Brian Muench
Name:  Brian J. Muench
Date: 10/5/11

THE BANK OF NEW YORK MELLON
 

 
By:    /s/ Richard Marchiono
Name:  Richard Marchiono
Date: 10/27/11

 





BNY MELLON ASSET SERVICING

 
 

 

NOTES:

 

 
We will pass through to the client any out-of-pocket expenses including, but not limited to, postage, courier expense, registration fees, stamp duties, telex charges, custom reporting or custom programming, internal/external, legal or consulting costs and proxy voting expenses.
 
We reserve the right to amend our fees if the service requirements change in a way that materially affects our responsibilities or costs. Support of other derivative investment strategies or special processing requirements (e.g. external cash sweep, etc.) may result in additional fees.
 
BNY Mellon will file class action Proofs of Claim on your behalf. An amount equal to 2% of the proceeds will be charged against each participating account at the time the proceeds are credited.
 
A payment of approximately 1/12th of estimated annual fees will be paid monthly via an electronic debit with a quarterly true-up to actual fees incurred. Additional amounts due (or overpayments to be refunded) will be payable within 30 days. Fees not paid within 60 days ofthe date of the invoice will be subject to a late charge of 1.5% per month.
 
We reserve the right to assess a charge for managing the asset conversion (transfer). Such charges may include, but are not limited to, travel expenses incurred during any such conversion.
 
The fee schedule with securities lending assumes BNY Mellon is the sole securities lending agent and collateral manager and may lend your entire pool of assets. The $150,000 Fee Consession will go into effect once all accounts have begun pmticipation in the securities lending program.
 
Earnings credits and overdraft rates will be calculated monthly on the basis of the following formula:
 
(Net Positive/Net Negative) * (Avg. FF Rate) / 365
 
"Net Positive": equals the average net positive balances maintained by a Portfolio over the course of the applicable month less the applicable reserve requirement "Net Negative": equals the average net negative balances maintained by a Portfolio over the course of the applicable month plus the applicable reserve requirement. "Avg. FF Rate": equals the average Federal Funds Rate over the course of the applicable month.
 
At the end of each month, the net positive earnings credits and overdraft amounts are netted by Portfolio and offset against the applicable custody fees generated by each Portfolio.
 
Excess Earnings Credits: Monthly credit balances will roll forward to offset future Custodian fees and expenses. Unused Daily Credits will expire at calendar year end. Credit balances may not be transferred. They are used exclusively to offset Custodian fees and expenses and shall not be applied against investment or other
related expenses.
This fee schedule is guaranteed for 3 years.
 
BNY MELLON ASSET SERVICING