EX-99.G15 3 dex99g15.txt LETTER OF AGREEMENT AMONG REGISTRANT Form of Exhibit (g)(15) [Letterhead of The Chase Manhattan Bank] The RBB Fund, Inc. 400 Bellevue Parkway, 3rd Floor Wilmington, Delaware 19809 PFPC Trust Company Bellevue Park Corporate Center Wilmington, Delaware 19809 Re: SEC Rule 17f-5 and Rule 17f-7 ----------------------------- Dear Sirs: Reference is made to the amended and restated custody agreement dated as of November 21, 1997 (the "Foreign Custody Agreement"), as amended, by and between The Chase Manhattan Bank (as successor by operation of law to Morgan Stanley Trust Company) ("Custodian") and PFPC Trust Company ("PFPC") for the safekeeping of securities and cash ("Property") received by the Custodian for the account of PFPC on behalf of certain customers of PFPC, including The RBB Fund, Inc. (the "Fund"). Reference is also made to the custodian services agreement(s) (each a "Fund Custody Agreement") by and between PFPC and the Fund. 1. Rule 17f-5 ---------- 1.1. With respect to foreign Property in such jurisdictions as the Fund and the Custodian shall agree from time to time, the Fund hereby delegates to the Custodian, and the Custodian hereby accepts and assumes, the following duties of a "Foreign Custody Manager" as set forth in Securities and Exchange Commission rule 17f-5 ("rule 17f-5") under the Investment Company Act of 1940, as amended ("1940 Act"): a. selecting Eligible Foreign Custodians (as that term is defined in rule 17f-5(a)(1)), having first determined that foreign Property placed and maintained in the safekeeping of each such Eligible Foreign Custodian shall be subject to reasonable care, based on the standards applicable to custodians in the relevant market, after having considered all factors relevant to the safekeeping of such foreign Property, including, without limitation, those factors set forth in rule 17f-5(c)(1)(i)-(iv); b. determining that the written contract with each Eligible Foreign Custodian requires that the Eligible Foreign Custodian will provide reasonable care for foreign Property based on the standards applicable to custodians in the relevant market (as provided in rule 17f-5(c)(2)) and entering into written contracts with such Eligible Foreign Custodians; and c. establishing a system for monitoring the appropriateness of both maintaining the foreign Property with each Eligible Foreign Custodian and the custody contractual arrangements with such Eligible Foreign Custodians, it being understood, however, that in the event that Custodian shall have determined that the existing Eligible Foreign Custodian in a given country no longer affords reasonable care to foreign Property and that no other 1 promptly so advise the Fund and shall then act in accordance with authorized instructions with respect to the disposition of the affected foreign Property. For purposes of clarity, it is understood and agreed that Custodian shall not be responsible for any Foreign Custody Manager duties, including but not limited to those described in a., b. and c. above, with respect to any securities depository. 1.2. In acting as a Foreign Custody Manager, the Custodian shall exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of fund foreign Property would exercise, and shall be liable to the Fund for any loss which shall occur as a result of the Custodian's negligence in acting as Foreign Custody Manager hereunder, provided however that the Custodian shall not be liable for indirect, special or consequential damages or losses. PFPC will indemnify the Custodian for losses, liabilities and expenses suffered by the Custodian with respect to the matters set forth in this document, to the same extent that PFPC is required to indemnify the Custodian for the Custodian's actions or inactions under the Foreign Custody Agreement (including the limitations on indemnity set forth in the Foreign Custody Agreement). The Fund will indemnify PFPC for losses, liabilities and expenses suffered by PFPC with respect to the matters set forth in this document, except for such losses, liabilities and expenses arising from PFPC's willful misfeasance, bad faith, negligence or reckless disregard and except for any indirect, special or consequential damages or losses. In no event shall PFPC be responsible to the Fund for the Custodian or for any action or inaction of the Custodian under this document. 1.3. The Custodian shall provide the Board of Directors of the Fund with written quarterly reports for use at the Fund's quarterly Board of Directors meetings regarding the placement of the foreign Property with a particular Eligible Foreign Custodian and any material changes to the arrangements with any Eligible Foreign Custodian holding any foreign Property. 1.4. Subject to Sections 1.1 - 1.3 above, the Custodian is hereby authorized to place and maintain foreign Property on behalf of the Fund with Eligible Foreign Custodians pursuant to a written contract deemed appropriate by the Custodian. 1.5. In acting as a Foreign Custody Manager, the Custodian shall not supervise, recommend or advise the Fund relative to the investment, purchase, sale, retention or disposition of any foreign Property in any country, including with respect to prevailing country risks. At the Fund's request, the Custodian shall provide to the Fund such information relating to country risk as is specified in Appendix 1 hereto. The Fund hereby acknowledges that: (i) such information is solely designed to inform the Fund of market conditions and procedures and is not intended as a recommendation to invest or not invest in particular markets; and (ii) the Custodian has gathered the information from sources it considers reliable, but that the Custodian shall have no responsibility for inaccuracies or incomplete information. 2. Rule 17f-7 ---------- 2.1. (a) The Fund and PFPC appoint the Custodian, for such consideration (if any) as agreed and as contemplated by Securities and Exchange Commission rule 17f-7 ("rule 17f-7") under the 1940 Act, to provide an analysis to the Fund of the custody risks associated with maintaining the Fund's foreign Property with each "Eligible Securities Depository" (as that term is defined in rule 17f-7(b)(1)) used by the Custodian as of the effective date of this document (or, 2 in the case of an Eligible Securities Depository not used by the Custodian as of such date, upon the Custodian's use of such Depository after such date) and at which any foreign Property of the Fund is held or is expected to be held. The foregoing analysis may be provided at the Custodian's website. The Custodian shall monitor the custody risks associated with maintaining the Fund's foreign Property at each such Eligible Securities Depository on a continuing basis and shall promptly notify the Fund or its adviser of any material change in such risks. (b) Based on the information available to it in the exercise of diligence, the Custodian shall determine the eligibility under rule 17f-7 of each depository listed on Appendix B hereto (as the same may be changed by the Custodian from time to time) and shall promptly advise the Fund if any such depository ceases to be eligible. 2.2. The Fund acknowledges that it may maintain foreign Property only at the depositories listed on Exhibit B hereto (as the same may be changed by the Custodian from time to time). If the Fund maintains foreign Property at a depository listed on Exhibit B (including foreign Property maintained by the Fund at the time this document is entered into) or the Fund enters into a transaction with respect to foreign Property that as a matter of practice is or may be maintained at a depository listed on Exhibit B, such action will (unless the Fund provides written notice to the Custodian and PFPC specifically stating that a particular depository is not acceptable to it) serve as the Fund's acknowledgement that such depository is acceptable to it. 2.3. The Custodian shall exercise reasonable care, prudence and diligence in performing services pursuant to Section 2 hereof, and shall be liable to the Fund for any loss which shall occur as a result of the Custodian's negligence in performing such services, provided however that the Custodian shall not be liable for indirect, special or consequential damages or losses. PFPC will indemnify the Custodian for losses, liabilities and expenses suffered by the Custodian with respect to the matters set forth in this document, to the same extent that PFPC is required to indemnify the Custodian for the Custodian's actions or inactions under the Foreign Custody Agreement (including the limitations on indemnity set forth in the Foreign Custody Agreement). The Fund will indemnify PFPC for losses, liabilities and expenses suffered by PFPC with respect to the matters set forth in this document, except for such losses, liabilities and expenses arising from PFPC's willful misfeasance, bad faith, negligence or reckless disregard and except for any indirect, special or consequential damages or losses. In no event shall PFPC be responsible to the Fund for the Custodian or for any action or inaction of the Custodian under this document. The Fund and PFPC agree that PFPC's obligation to exercise reasonable care, prudence and diligence in providing for the services set forth in sub-section 2.1 above is satisfied by the appointment of the Custodian hereunder to provide those services. 3. General ------- 3.1. Each party hereto represents that it has taken all requisite action (corporate or otherwise) to authorize the execution and delivery of this document, and in addition the Fund represents that the foreign Property which is the subject matter of this document is subject to the 1940 Act and that its Board of Directors (or other governing body) has determined that it is reasonable to rely on the Custodian to perform as the Fund's Foreign Custody Manager. 3.2. Notwithstanding the provisions of any arrangements between the Fund and PFPC or otherwise, the Fund hereby agrees that assets may be maintained with any Eligible Foreign Custodian referred to in sub-section 1.4 above and any Eligible Securities Depository as defined 3 in rule 17f-7(b)(1) (without the need to comply with any notice or consent or other requirements which may be set forth in any such arrangements). PFPC will not be deemed to have chosen any such Eligible Foreign Custodians or Eligible Securities Depositories. 3.3. As between the Custodian and PFPC, Section 2 of the Foreign Custody Agreement is hereby deleted and replaced with the following: Property may be placed and maintained: (i) in custody and deposit accounts that have been established by the Custodian with one or more U.S. or foreign banks as listed on Exhibit A hereto (which shall be "Eligible Foreign Custodians" as defined in SEC rule 17f-5), and as such Exhibit may be amended from time to time by the Custodian by written notice to the Client (the "Subcustodians") and (ii) through the facilities of the securities depositories (which shall be "Eligible Securities Depositories" as defined in SEC rule 17f-7) listed on Exhibit B hereto (as the same may be amended from time to time) provided that the particular securities depository is acceptable for the particular Account whose assets are to be maintained at that securities depository (such acceptability to be determined pursuant to Section 2.2 of the letter agreement between the Custodian, the Client and the applicable Account, which letter agreement is captioned "SEC Rule 17f-5 and Rule 17f-7"). At the request of Client, Custodian may, but need not, add to Exhibit A an Eligible Foreign Custodian that is a bank where Custodian has not acted as Foreign Custody Manager with respect to the selection thereof. Custodian shall notify Client in the event that it elects to add any such entity. For purposes of the liability provisions of the Agreement, the term Subcustodian shall not include any entity so added. Custodian shall hold Property through a Subcustodian only if (a) neither such Subcustodian nor any of its creditors may assert any right, charge, security interest, lien, encumbrance or other claim of any kind to the Property, except a claim of payment for their safe custody or administration or except (in the case of cash deposits) for liens or rights in favor of creditors arising under bankruptcy, insolvency or similar laws and (b) beneficial ownership of such Property may be freely transferred without the payment of money or value other than for safe custody or administration. Except where contrary to local law or regulation, the Custodian or a Subcustodian may hold Property at a securities depository only if such Property is maintained by the Custodian or Subcustodian in accounts identified as belonging to the Custodian or Subcustodian (as applicable) for the benefit of its clients and such accounts are subject only to instructions of the Custodian or Subcustodian (as applicable). Property held by the Custodian at a securities depository will be identified on the Custodian's books as belonging to the Client for the benefit of a particular Account. 3.4. The duties of the Custodian set forth herein are in addition to the duties of the Custodian under the Foreign Custody Agreement. 3.5. This document shall be construed in accordance with the laws of the State of New York, without regard to its conflict of laws principles. This document may be executed by one or more of the parties hereto in any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 4 3.6. This document shall apply only to the Fund, and shall not apply to any other customer of PFPC. If the foregoing corresponds to your understanding of our agreement, please indicate your acceptance by the signature of your authorized representative below. Yours truly, THE CHASE MANHATTAN BANK By: _________________________________ Name: _________________________________ Title: _________________________________ Agreed and accepted: THE RBB FUND, INC. By: _________________________________ Name: _________________________________ Title: _________________________________ PFPC TRUST COMPANY By: _________________________________ Name: _________________________________ Title: _________________________________ Dated: _________________________________ 5 Appendix 1 Information Regarding Country Risk ---------------------------------- 1. To aid the Fund in its determinations regarding Country Risk, Custodian shall furnish annually and upon the initial placing of Property into a country the following information (check items applicable): A. Opinions of local counsel concerning: i. Whether applicable foreign law would restrict the access afforded the Fund's independent public accountants to books and records kept by an Eligible Foreign Custodian located in that country. ii. Whether applicable foreign law would restrict the Fund's ability to r ecover its assets in the event of the bankruptcy of an Eligible Foreign Custodian located in that country. iii. Whether applicable foreign law would restrict the Fund's ability to recover assets that are lost while under the control of an Eligible Foreign Custodian located in the country. B. Written information concerning: i. The likelihood of expropriation, nationalization, freezes, or confiscation of the Fund's assets. ii. Whether difficulties in converting the Fund's cash and cash equivalents to U.S. dollars are reasonably foreseeable. C. A market report with respect to the following topics: (i) securities regulatory environment, (ii) foreign ownership restrictions, (iii) foreign exchange, (iv) securities settlement and registration, (v) taxation, and (vi) securities depositories (including securities depository evaluation). 2. Custodian shall furnish the following additional information on an as needed basis: Market flashes, including with respect to changes in the information in market reports. 6 Exhibit A --------- COUNTRY SUB-CUSTODIAN CORRESPONDENT BANK ------- ------------- ------------------ ARGENTINA The Chase Manhattan Bank Banco Generale de Negocios --------- Arenales 707, 5th Floor Buenos Aires 1061 Buenos Aires ARGENTINA Citibank, N.A. Banco Generale de Negocios Bartolome Mitre 530 Buenos Aires 1036 Buenos Aires ARGENTINA AUSTRALIA The Chase Manhattan Bank Australia and New Zealand --------- Level 37 Banking Group Ltd. AAP Center Melbourne 259, George Street Sydney NSW 2000 AUSTRALIA AUSTRIA Bank Austria AG Chase Manhattan Bank AG ------- Julius Tandler Platz - 3 Frankfurt A-1090 Vienna AUSTRIA BAHRAIN HSBC Bank Middle East National Bank of Bahrain ------- PO Box 57 Manama Manama, 304 BAHRAIN BANGLADESH Standard Chartered Bank Standard Chartered Bank ---------- 18-20 Motijheel C.A. Dhaka Box 536, Dhaka-1000 BANGLADESH 7 BELGIUM Fortis Bank N.V. Chase Manhattan Bank AG ------- 3 Montagne Du Parc Frankfurt 1000 Brussels BELGIUM BERMUDA The Bank of Bermuda Limited The Bank of Bermuda Ltd ------- 6 Front Street Hamilton Hamilton HMDX BERMUDA BOTSWANA Barclays Bank of Botswana Limited Barclays Bank of Botswana Ltd -------- Barclays House, Khama Crescent Gaborone Gaborone BOTSWANA BRAZIL Citibank, N.A. Citibank, N.A ------ Avenida Paulista, 1111 Sao Paulo Sao Paulo, SP 01311-920 BRAZIL BankBoston, N.A. BankBoston, N.A. Rua Libero Badaro, 425-29 andar Sao Paulo Sao Paulo - SP 01009-000 BRAZIL BULGARIA ING Bank N.V. ING Bank N.V. -------- Sofia Branch Sofia 7 Vassil Levski Street 1000 Sofia BULGARIA CANADA Canadian Imperial Bank of Commerce Royal Bank of Canada ------ Commerce Court West Toronto Security Level Toronto, Ontario M5L 1G9 CANADA Royal Bank of Canada Royal Bank of Canada 200 Bay Street, Suite 1500 Toronto 15/th/ Floor Royal Bank Plaza, North Tower Toronto Ontario M5J 2J5 CANADA (T12207321)
8 CHILE Citibank, N.A. Citibank, N.A. ----- Avda. Andres Bello 2687 Santiago 3/rd/ and 5/th/ Floors Santiago CHILE CHINA - SHANGHAI The Hongkong and Shanghai Banking Citibank, N.A. ---------------- Corporation Limited New York 34/F, Shanghai Senmao International Building 101 Yin Cheng East Road Pudong Shanghai 200120 THE PEOPLE'S REPUBLIC OF CHINA CHINA - SHENZHEN The Hongkong and Shanghai Banking The Chase Manhattan Bank ---------------- Corporation Limited Hong Kong 1st Floor Century Plaza Hotel No.1 Chun Feng Lu Shenzhen THE PEOPLE'S REPUBLIC OF CHINA COLOMBIA Cititrust Colombia S.A. Cititrust Colombia S.A. Sociedad -------- Sociedad Fiduciaria Fiduciaria Carrera 9a No 99-02 Santa Fe de Bogota First Floor Santa Fe de Bogota, D.C. COLOMBIA CROATIA Privredna banka Zagreb d.d. Privredna banka Zagreb d.d. ------- Savska c.28 Zagreb 10000 Zagreb CROATIA CYPRUS The Cyprus Popular Bank Ltd. Cyprus Popular Bank ------ 154 Limassol Avenue Nicosia P.O. Box 22032 CY-1598 Nicosia, CYPRUS CZECH REPUBLIC Ceskoslovenska Obchodni Banka, A.S. Ceskoslovenska Obchodni Banka, A.S -------------- Na Prikope 14 Prague 115 20 Prague 1 CZECH REPUBLIC
9 DENMARK Danske Bank A/S Unibank A/S ------- 2-12 Holmens Kanal Copenhagen DK 1092 Copenhagen K DENMARK EUROMARKET Euroclear ECU: Chase Manhattan Bank AG ---------- Euroclear Operations Centre Frankfurt Boulevard Emile Jacqmain 151 B-1210 Bussels BELGIUM Chase London General Account 91408 The First National Bank of Chicago ECU: Chase Manhattan Bank AG 1 Triton Square Frankfurt London NW1 3FN For all other currencies: see relevant country UNITED KINGDOM(Euro CDs only) ECUADOR Citibank, N.A. Citibank, N.A. ------- Av. Republica de El Salvador y Quito Naciones Unidas (Esquina) Quito ECUADOR EGYPT Citibank, N.A. Citibank, N.A. ----- 4 Ahmed Pasha Street Cairo Garden City Cairo EGYPT ESTONIA Hansabank Esti Uhispank ------- Liivalaia 8 Tallinn EE0001 Tallinn ESTONIA FINLAND Merita Bank Plc Chase Manhattan Bank AG ------- 2598 Custody Services Frankfurt Aleksis Kiven Katu 3-5 FIN-00020 MERITA, Helsinki FINLAND FRANCE BNP PARIBAS S.A. Chase Manhattan Bank AG ------ Ref 256 Frankfurt BP 141 3, Rue D'Antin 75078 Paris Cedex 02 FRANCE
10 Societe Generale Chase Manhattan Bank AG 50 Boulevard Haussman Frankfurt 75009 Paris FRANCE Credit Agricole Indosuez Chase Manhattan Bank AG 96 Blvd. Haussmann Frankfurt 75008 Paris FRANCE (Sicovam #44) GERMANY Dresdner Bank AG Chase Manhattan Bank AG ------- Juergen-Ponto-Platz 1 Frankfurt 60284 Frankfurt/Main GERMANY GHANA Barclays Bank of Ghana Limited Barclays Bank of Ghana Ltd ----- Barclays House, High Street Accra Accra GHANA GREECE Barclays Bank PLC Chase Manhattan Bank AG ------ 1, Kolokotroni Street Frankfurt 105 62 Athens GREECE HONG KONG The Hongkong and Shanghai Banking The Chase Manhattan Bank --------- Corporation Limited Hong Kong 36th Floor, Sun Hung Kai Centre 30 Harbour Road Wan Chai HONG KONG HUNGARY Citibank Rt. Citibank Rt. ------- Szabadsag ter 7-9 Budapest H-1051 Budapest V HUNGARY INDIA The Hongkong and Shanghai Banking The Hongkong and Shanghai ----- Corporation Limited Banking Corporation Limited Sudam Kalu Ahire Marg, Worli Mumbai Mumbai 400 025 INDIA 11 Deutsche Bank AG Deutsche Bank AG Kodak House Mumbai 222 D.N. Road, Fort Mumbai 400 001 INDIA Standard Chartered Bank Standard Chartered Bank Phoenix Centre, Phoenix Mills Compound Mumbai Senapati Bapat Marg, Lower Parel Mumbai 400 013 INDIA INDONESIA The Hongkong and Shanghai Banking Standard Chartered Bank --------- Corporation Limited Jakarta World Trade Center Jl. Jend Sudirman Kav. 29-31 Jakarta 10023 INDONESIA Standard Chartered Bank Standard Chartered Bank Jl. Jend Sudirman Kav. 33-A Jakarta Jakarta 10220 INDONESIA IRELAND Bank of Ireland Chase Manhattan Bank AG ------- International Financial Services Centre Frankfurt 1 Harbourmaster Place Dublin 1 IRELAND Allied Irish Banks, p.l.c. Chase Manhattan Bank AG P.O. Box 518 Frankfurt International Financial Services Centre Dublin 1 IRELAND ISRAEL Bank Leumi le-Israel B.M. Bank Leumi Le-Israel B.M. ------ 35, Yehuda Halevi Street Tel Aviv 61000 Tel Aviv ISRAEL ITALY BNP PARIBAS S.A. Chase Manhattan Bank AG ----- 2 Piazza San Fedele Frankfurt 20121 Milan ITALY 12 IVORY COAST Societe Generale de Banques en Cote Societe Generale ----------- d'Ivoire Paris 5 et 7, Avenue J. Anoma - 01 B.P. 1355 Abidjan 01 IVORY COAST JAMAICA CIBC Trust and Merchant Bank CIBC Trust and Merchant Bank ------- Jamaica Limited Jamaica Limited 23-27 Knutsford Blvd. Kingston Kingston 10 JAMAICA JAPAN The Fuji Bank, Limited The Chase Manhattan Bank ----- 6-7 Nihonbashi-Kabutocho Tokyo Chuo-Ku Tokyo 103 JAPAN The Bank of Tokyo-Mitsubishi, Limited The Chase Manhattan Bank 3-2 Nihombashi Hongkucho 1-chome Tokyo Chuo-ku Tokyo 103 JAPAN JORDAN Arab Bank Plc Arab Bank Plc ------ P O Box 950544-5 Amman Amman Shmeisani JORDAN KAZAKHSTAN ABN AMRO Bank Kazakhstan ABN AMRO Bank Kazakhstan ---------- 45, Khadzhi Mukana Street Almaty 480099 Almaty KAZAKHSTAN KENYA Barclays Bank of Kenya Limited Barclays Bank of Kenya Ltd ----- c/o Barclaytrust Investment Services Nairobi & Limited Mezzanine 3, Barclays Plaza, Loita Street Nairobi KENYA LATVIA A/S Hansabanka A/S Hansabanka ------ Kalku iela 26 Riga Riga, LV 1050 LATVIA
13 LEBANON HSBC Bank Middle East The Chase Manhattan Bank ------- Ras-Beirut Branch New York P.O. Box 11-1380 Abdel Aziz Ras-Beirut LEBANON LITHUANIA Vilniaus Bankas AB Vilniaus Bankas AB --------- Ukmerges str. 41-106 Vilnius LT 2662 Vilnius LITHUANIA LUXEMBOURG Banque Generale du Luxembourg S.A. Chase Manhattan Bank AG ---------- 50 Avenue J.F. Kennedy Frankfurt L-2951 LUXEMBOURG MALAYSIA The Chase Manhattan Bank (M) Berhad The Chase Manhattan Bank (M) -------- Menara Dion, Level 26 Berhad Jalan Sultan Ismail Kuala Lumpur 50250, Kuala Lumpur MALAYSIA HSBC Bank Malaysia Berhad HSBC Bank Malaysia Berhad 2 Leboh Ampang Kuala Lumpur 50100 Kuala Lumpur MALAYSIA MAURITIUS The Hongkong and Shanghai Banking The Hongkong and Shanghai --------- Corporation Limited Banking Corporation Limited 5/F Les Cascades Building Port Louis Edith Cavell Street Port Louis MAURITIUS MEXICO Chase Manhattan Bank Mexico, S.A. Chase Manhattan Bank Mexico, S.A. ------ Prolongacion Paseo de la Reforma no. 600 Mexico, D.F PB Colonia Santa Fe Pena Blanca 01210 Mexico, D.F. MEXICO Citibank Mexico, S.A. Citibank Mexico, S.A. Paseo de la reforma 390 Mexico, D.F 06695 Mexico, D. F. MEXICO
14 MOROCCO Banque Commerciale du Maroc S.A. Banque Commerciale du Maroc S.A. ------- 2 Boulevard Moulay Youssef Casablanca Casablanca 20000 MOROCCO NAMIBIA Standard Bank Namibia Limited Standard Corporate & Merchant ------- Mutual Platz Bank Cnr. Stroebel and Post Streets Johannesburg P.O.Box 3327 Windhoek NAMIBIA NETHERLANDS ABN AMRO N.V. Chase Manhattan Bank AG ----------- Kemelstede 2 Frankfurt P. O. Box 3200 4800 De Breda NETHERLANDS A/C#'s 17776,17755, 19186, 22939 Nesicom#410748048 A/C#'s 17570, 17775, 17683 Nesicom#410733091 Nesicom#410754684 for all other accounts Fortis Bank (Nederland) N.V. Chase Manhattan Bank AG 55 Rokin Frankfurt P.O. Box 243 1000 AE Amsterdam NETHERLANDS NEW ZEALAND National Nominees Limited National Bank of New Zealand ----------- Level 2 BNZ Tower Wellington 125 Queen Street Auckland NEW ZEALAND *NIGERIA* Stanbic Merchant Bank Nigeria Limited Standard Bank of South Africa --------- 188 Awolowo Road Johannesburg P.O. Box 54746 Falomo, Ikoyi Lagos NIGERIA
*RESTRICTED SERVICE ONLY. PLEASE CONTACT YOUR RELATIONSHIP MANAGER FOR FURTHER INFORMATION.* 15 NORWAY Den norske Bank ASA Den norske Bank ASA ------ Stranden 21 Oslo P.O. Box 1171 Sentrum N-0107 Oslo NORWAY OMAN HSBC Bank Middle East Oman Arab Bank ---- Bait Al Falaj Main Office Muscat Ruwi, Muscat PC 112 OMAN PAKISTAN Citibank, N.A. Citibank, N.A. -------- AWT Plaza Karachi I.I. Chundrigar Road Karachi 74200 PAKISTAN Deutsche Bank AG Deutsche Bank AG Unitowers Karachi I.I. Chundrigar Road Karachi 74200 PAKISTAN Standard Chartered Bank Standard Chartered Bank Box 4896 Karachi Ismail Ibrahim Chundrigar Road Karachi 74200 PAKISTAN PERU Citibank, N.A. Banco de Credito del Peru ---- Camino Real 457 Lima Torre Real - 5th Floor San Isidro, Lima 27 PERU PHILIPPINES The Hongkong and Shanghai Banking The Hongkong and Shanghai ----------- Corporation Limited Banking Corporation Limited 33/F Tektite Tower B Manila Exchange Road Ortigas Center Pasig City PHILIPPINES 16 POLAND Bank Handlowy w. Warszawie S.A. Bank Rozwoju Eksportu S.A. ------ ul. Chalubinskiego 8 Warsaw P.O. Box 129 00-950 Warsaw POLAND Bank Polska Kasa Opieki S.A. Bank Rozwoju Eksportu S.A. 11 Lucka Street Warsaw 00-950 Warsaw POLAND Citibank (Poland) S.A. Bank Rozwoju Eksportu S.A. ul. Senatorska 16 Warsaw 00-082 Warsaw POLAND PORTUGAL Banco Espirito Santo e Comercial de Chase Manhattan Bank AG -------- Lisboa, S.A. Frankfurt Rua Mouzinho da Silveira, 36 R/c 1250 Lisbon PORTUGAL Banco Comercial Portugues, S.A. Chase Manhattan Bank AG Rua Augusta, 62174 Frankfurt 1100 Lisbon PORTUGAL ROMANIA ABN AMRO Bank (Romania) S.A. ABN AMRO Bank ------- World Trade Centre Building-E, 2nd Floor (Romania) S.A. Bld. Expozitiei Nr. 2 Bucharest 78334 Bucharest 1 ROMANIA ING Bank N.V. ING Bank N.V. 13-15 Kiseleff Blvd Bucharest Bucharest 1 ROMANIA *RUSSIA* Chase Manhattan Bank International The Chase Manhattan Bank -------- 1st Tverskaya - Yamskaya, 23 New York 125047 Moscow A/C The Chase Manhattan RUSSIA London (US$ NOSTRO Account) Credit Suisse First Boston AO The Chase Manhattan Bank Nikitsky Pereulok, 5 New York 103009 Moscow A/C The Chase Manhattan RUSSIA London (US$ NOSTRO Account) *RESTRICTED SERVICE ONLY. PLEASE CONTACT YOUR RELATIONSHIP MANAGER FOR FURTHER INFORMATION.* 17 SINGAPORE Standard Chartered Bank Oversea-Chinese Banking --------- 3/F, 6 Battery Road Corporation 049909 Singapore SINGAPORE SLOVAK REPUBLIC Ceskoslovenska Obchodni Banka, A.S. Ceskoslovenska Obchodni Banka, --------------- Michalska 18 A.S. 815 63 Bratislava Bratislava SLOVAK REPUBLIC SLOVENIA Bank Austria Creditanstalt d.d. Ljubljana Bank Austria Creditanstalt d.d. -------- Kotnikova 5 Ljubljana SL-61104 Ljubljana Ljubljana SLOVENIA SOUTH AFRICA The Standard Bank of South Africa Limited Standard Corporate & Merchant ------------ Standard Bank Centre Bank 1st Floor Johannesburg 5 Simmonds Street Johannesburg 2001 SOUTH AFRICA SOUTH KOREA The Hongkong and Shanghai Banking The Hongkong and Shanghai ----------- Corporation Limited Banking Corporation Limited 5/F HSBC Building Seoul #25, Bongrae-dong 1-ga Seoul SOUTH KOREA Standard Chartered Bank Standard Chartered Bank 13/F, Nae Wei Building, 6 Seoul 2 KA, Ulchi-Ro, Chung-Ku Seoul SOUTH KOREA SPAIN Chase Manhattan Bank CMB, S.A. Chase Manhattan Bank AG ----- Paseo de la Castellana, 51 Frankfurt 28046 Madrid SPAIN SRI LANKA The Hongkong and Shanghai Banking The Hongkong and Shanghai --------- Corporation Limited Banking Corporation Limited Unit #02-02, West Block Podium Colombo World Trade Center Colombo 1 SRI LANKA
18 SWEDEN Skandinaviska Enskilda Banken Svenska Handelsbanken ------ Sergels Torg 2 Stockholm SE-106 40 Stockholm SWEDEN SWITZERLAND UBS AG UBS AG ----------- 45 Bahnhofstrasse Zurich 8021 Zurich SWITZERLAND TAIWAN The Chase Manhattan Bank The Chase Manhattan Bank ------ 14th Floor Taipei 2, Tun Hwa S. Road Sec. 1 Taipei TAIWAN The Hongkong and Shanghai Banking The Hongkong and Shanghai Corporation Limited Banking Corporation Limited International Trade Building Taipei 16/th/ Floor, Taipei World Trade Center 333 Keelung Road, Section 1 Taipei 110 TAIWAN THAILAND The Chase Manhattan Bank Standard Chartered Bank -------- Bubhajit Building Bangkok 20 North Sathorn Road Silom, Bangrak Bangkok 10500 THAILAND Standard Chartered Bank Standard Chartered Bank 990 Rama IV Road Bangkok P.O. Box 320 Bangkok 10500 THAILAND TUNISIA Banque Internationale Arabe de Tunisie, Banque Internationale Arabe de. ------- S.A. Tunisie, S.A. 70-72 Avenue Habib Bourguiba Tunis P.O. Box 520 1080 Tunis Cedex TUNISIA TURKEY The Chase Manhattan Bank The Chase Manhattan Bank ------ Emirhan Cad. No: 145 Istanbul Atakule, A Blok Kat:11 80700-Dikilitas/Besiktas Istanbul TURKEY
19 *UKRAINE* ING Bank Ukraine ING Bank Ukraine --------- 28 Kominterna Street Kiev 5/th/ Floor Kiev, 252032 UKRAINE *RESTRICTED SERVICE ONLY. PLEASE CONTACT YOUR RELATIONSHIP MANAGER FOR FURTHER INFORMATION.* U.K. The Chase Manhattan Bank National Westminster Bank ---- Crosby Court London Ground Floor Sort Code 609242 38 Bishopsgate London EC2N 4AJ UNITED KINGDOM (Crest ID BT01C) URUGUAY BankBoston, N.A. BankBoston, N.A. ------- Zabala 1463 Montevideo Montevideo URUGUAY U.S.A. DTC Securities The Chase Manhattan Bank ------ The Chase Manhattan Bank BIC CHASGB2L DTC Participant No. 902 ABA 021000021 Chase account PS75350 for Account Chase Manhattan Chase London office number 3 London Agent Bank No. 00902 A/C# 0010962009 Institution No. 0062815 further credit underlying GTI acct. number & name DTC Securities for Canadian FLIPS DTC Participant No. 902 Agent Bank 25787 Reference: Chase Account P VENEZUELA Citibank, N.A. Citibank, N.A. --------- Carmelitas a Altagracia Caracas Edificio Citibank Caracas 1010 VENEZUELA ZAMBIA Barclays Bank of Zambia Limited Barclays Bank of Zambia Ltd. ------ Kafue House, Cairo Road Lusaka Lusaka ZAMBIA ZIMBABWE Barclays Bank of Zimbabwe Limited Barclays Bank of Zimbabwe Ltd. -------- 2nd Floor, 3 Anchor House Harare Jason Mayo Avenue Harare ZIMBABWE
20 Exhibit B ---------
---------------------------------------------------------------------------------------------------------------------------------- Country Depository Instruments ---------------------------------------------------------------------------------------------------------------------------------- Argentina CVSA Equity, Corporate Debt, Government Debt (Caja de Valores S.A.) ---------------------------------------------------------------------------------------------------------------------------------- Argentina CRYL Government Debt (Central de Registration y Liquidacion de Instrumentos de Endeudamiento Publico) ---------------------------------------------------------------------------------------------------------------------------------- Australia Austraclear Limited Corporate Debt, Money Market, Semi-Government Debt ---------------------------------------------------------------------------------------------------------------------------------- Australia CHESS Equity (Clearing House Electronic Sub-register System) ---------------------------------------------------------------------------------------------------------------------------------- Australia RITS Government Debt (Reserve Bank of Australia/Reserve Bank Information and Transfer System) ---------------------------------------------------------------------------------------------------------------------------------- Austria OeKB Equity, Corporate Debt, Government Debt (Oesterreichische Kontrollbank AG) ---------------------------------------------------------------------------------------------------------------------------------- Belgium CIK Equity, Corporate Debt (Caisse Interprofessionnelle de Depots et de Virements de Titres S.A.) ---------------------------------------------------------------------------------------------------------------------------------- Belgium NBB Corporate Debt, Government Debt (National Bank of Belgium) ---------------------------------------------------------------------------------------------------------------------------------- Brazil CBLC Equity (Companhia Brasileira de Liquidacao e Custodia) ---------------------------------------------------------------------------------------------------------------------------------- Brazil CETIP Corporate Debt (Central de Custodia e Liquidacao Financiera de Titulos Privados) ---------------------------------------------------------------------------------------------------------------------------------- Brazil SELIC Government Debt (Sistema Especial de Liquidacao e Custodia) ---------------------------------------------------------------------------------------------------------------------------------- Bulgaria BNB Government Debt (Bulgaria National Bank) ---------------------------------------------------------------------------------------------------------------------------------- Bulgaria CDAD Equity, Corporate Debt (Central Depository A.D.) ---------------------------------------------------------------------------------------------------------------------------------- Canada CDS Equity, Corporate, Government Debt (The Canadian Depository for Securities Limited) ---------------------------------------------------------------------------------------------------------------------------------- Chile DCV Equity, Corporate Debt, Government Debt (Deposito Central de Valores S.A.) ---------------------------------------------------------------------------------------------------------------------------------- China, SSCCRC Equity Shanghai (Shanghai Securities Central Clearing and Registration Corporation) ---------------------------------------------------------------------------------------------------------------------------------- China, SSCC Equity ----------------------------------------------------------------------------------------------------------------------------------
21
---------------------------------------------------------------------------------------------------------------------------------- Country Depository Instruments ---------------------------------------------------------------------------------------------------------------------------------- Shenzhen (Shenzhen Securities Clearing Company, Limited) ---------------------------------------------------------------------------------------------------------------------------------- Colombia DCV Government Debt (Deposito Central de Valores) ---------------------------------------------------------------------------------------------------------------------------------- Colombia DECEVAL Equity, Corporate Debt, Government Debt (Deposito Centralizado de Valores de Colombia S.A.) ---------------------------------------------------------------------------------------------------------------------------------- Croatia SDA Equity, Government Debt (Central Depository Agency Inc. - Stredisnja depozitarna agencija d.d.) ---------------------------------------------------------------------------------------------------------------------------------- Croatia Ministry of Finance of the Republic of Croatia Short-term debt issued by the Ministry of Finance. ---------------------------------------------------------------------------------------------------------------------------------- Croatia CNB Short-term debt issued by the National Bank of (Croatian National Bank) Croatia. ---------------------------------------------------------------------------------------------------------------------------------- Czech SCP Equity, Corporate Debt, Government Debt Republic (Stredisko cennych papiru) ---------------------------------------------------------------------------------------------------------------------------------- Czech Republic CNB Government Debt (Czech National Bank) ---------------------------------------------------------------------------------------------------------------------------------- Denmark VP Equity, Corporate Debt, Government Debt (Vaerdipapircentralen A/S) ---------------------------------------------------------------------------------------------------------------------------------- Egypt MCSD Equity, Corporate Debt (Misr for Clearing, Settlement and Depository, S.A.E.) ---------------------------------------------------------------------------------------------------------------------------------- Estonia ECDS Equity, Corporate Debt, Government Debt (Estonian Central Depository for Securities Limited - Eesti Vaatpaberite Keskdepositoorium) ---------------------------------------------------------------------------------------------------------------------------------- Euromarket DCC Euro-CDs (The Depository and Clearing Centre) ---------------------------------------------------------------------------------------------------------------------------------- Euromarket Clearstream Euro-Debt (Clearstream Banking, S.A.) ---------------------------------------------------------------------------------------------------------------------------------- Euromarket Euroclear Euro-Debt ---------------------------------------------------------------------------------------------------------------------------------- Finland APK Equity, Corporate Debt, Government Debt (Finnish Central Securities Depository Limited) ---------------------------------------------------------------------------------------------------------------------------------- France Euroclear France Equity, Corporate Debt, Government Debt ---------------------------------------------------------------------------------------------------------------------------------- Germany Clearstream Equity, Corporate Debt, Government Debt (Clearstream Banking AG) ---------------------------------------------------------------------------------------------------------------------------------- Greece CSD Equity, Corporate Debt (Central Securities Depository S.A.) ---------------------------------------------------------------------------------------------------------------------------------- Greece BoG Government Debt (Bank of Greece) ----------------------------------------------------------------------------------------------------------------------------------
22
----------------------------------------------------------------------------------------------------------------------------- Country Depositary Instruments ----------------------------------------------------------------------------------------------------------------------------- Hong Kong HKSCC Equity (Hong Kong Securities Clearing Company Limited) ----------------------------------------------------------------------------------------------------------------------------- Hong Kong CMU Corporate Debt, Government Debt (Central Moneymarkets Unit) ----------------------------------------------------------------------------------------------------------------------------- Hungary KELER Equity, Corporate Debt, Government Debt (Central Depository and Clearing House - Kosponti Elszamolohaz es Ertektar (Budapest) Rt.) ----------------------------------------------------------------------------------------------------------------------------- India NSDL Equity, Corporate Debt, Government Debt (National Securities Depository Limited) ----------------------------------------------------------------------------------------------------------------------------- India CDSL Equity (Central Depository Services (India) Limited) ----------------------------------------------------------------------------------------------------------------------------- India RBI Government Debt (Reserve Bank of India) ----------------------------------------------------------------------------------------------------------------------------- Indonesia KSEI Equity, Corporate Debt (PT Kustodian Sentral Efek Indonesia) ----------------------------------------------------------------------------------------------------------------------------- Ireland CREST Equity, Corporate Debt (CRESTCo Limited) ----------------------------------------------------------------------------------------------------------------------------- Israel TASE Clearing House Equity, Corporate Debt, Government Debt (Tel Aviv Stock Exchange Clearing House) ----------------------------------------------------------------------------------------------------------------------------- Italy Monte Titoli S.p.A. Equity, Corporate Debt, Government Debt ----------------------------------------------------------------------------------------------------------------------------- Italy Banca d'Italia Government Debt ----------------------------------------------------------------------------------------------------------------------------- Ivory Coast DC/BR Equity (Le Depositaire Central / Banque de Reglement) ----------------------------------------------------------------------------------------------------------------------------- Japan JASDEC Equity, Convertible Debt (Japan Securities Depository Center) ----------------------------------------------------------------------------------------------------------------------------- Japan BoJ Registered Government Debt (Bank of Japan) ----------------------------------------------------------------------------------------------------------------------------- Kazahkstan CSD Equity (Central Securities Depository CJSC) ----------------------------------------------------------------------------------------------------------------------------- Kenya CBCD Government Debt (Central Bank Central Depository) ----------------------------------------------------------------------------------------------------------------------------- Latvia LCD Equity, Corporate Debt, Government Debt (Latvian Central Depository) ----------------------------------------------------------------------------------------------------------------------------- Lebanon Midclear S.A.L. Equity (Custodian and Clearing Center of Financial Instruments for Lebanon and the Middle East S.A.L.) ----------------------------------------------------------------------------------------------------------------------------- Lithuania CSDL Equity, Corporate Debt, Government Debt (Central Securities Depository of Lithuania) -----------------------------------------------------------------------------------------------------------------------------
24
---------------------------------------------------------------------------------------------------------------------------------- Country Depositary Instruments ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Luxembourg Clearstream Equity (Clearstream Banking S.A.) ---------------------------------------------------------------------------------------------------------------------------------- Malaysia MCD Equity, Corporate Debt, Government Debt (Malaysian Central Depository Sdn. Bhd.) ---------------------------------------------------------------------------------------------------------------------------------- Mauritius CDS Equity, Corporate Debt (Central Depository and Settlement Company Limited) ---------------------------------------------------------------------------------------------------------------------------------- Mexico INDEVAL Equity, Corporate Debt, Government Debt (S.D. INDEVAL S.A. de C.V.) ---------------------------------------------------------------------------------------------------------------------------------- Morocco Maroclear Equity, Corporate Debt, Government Debt ---------------------------------------------------------------------------------------------------------------------------------- Netherlands NECIGEF Equity, Corporate Debt, Government Debt (Nederlands Centraal Insituut voor Giraal Effectenverkeer B.V.) ---------------------------------------------------------------------------------------------------------------------------------- New Zealand NZCSD Equity, Corporate Debt, Government Debt (New Zealand Central Securities Depository) ---------------------------------------------------------------------------------------------------------------------------------- Nigeria CSCS Equity, Corporate Debt, Government Debt (Central Securities Clearing System Limited) ---------------------------------------------------------------------------------------------------------------------------------- Norway VPS Equity, Corporate Debt, Government Debt (Verdipapirsentralen) ---------------------------------------------------------------------------------------------------------------------------------- Oman MDSRC Equity, Corporate Debt (The Muscat Depository and Securities Registration Company, S.A.O.C.) ---------------------------------------------------------------------------------------------------------------------------------- Pakistan CDC Equity, Corporate Debt (Central Depository Company of Pakistan Limited) ---------------------------------------------------------------------------------------------------------------------------------- Pakistan SBP Government Debt (State Bank of Pakistan) ---------------------------------------------------------------------------------------------------------------------------------- Peru CAVALI Equity, Corporate Debt, Government Debt (CAVALI ICLV S.A.) ---------------------------------------------------------------------------------------------------------------------------------- Philippines PCD Equity (Philippine Central Depository Inc.) ---------------------------------------------------------------------------------------------------------------------------------- Philippines ROSS Government Debt (Bangko Sentral ng Pilipinas / Register of Scripless Securities) ---------------------------------------------------------------------------------------------------------------------------------- Poland NDS Equity, Long-Term Government Debt (National Depository for Securities S.A.) ---------------------------------------------------------------------------------------------------------------------------------- Poland CRT Short-Term Government Debt (Central Registry of Treasury-Bills) ---------------------------------------------------------------------------------------------------------------------------------- Portugal CVM Equity, Corporate Debt, Government Debt (Central de Valores Mobiliarios e Sistema de Liquidacao e Compensacao) ----------------------------------------------------------------------------------------------------------------------------------
25
---------------------------------------------------------------------------------------------------------------------------------- Country Depositary Instruments ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Romania SNCDD Equity (National Company for Clearing, Settlement and Depository for Securities) ---------------------------------------------------------------------------------------------------------------------------------- Romania BSE Equity (Bucharest Stock Exchange Registry) ---------------------------------------------------------------------------------------------------------------------------------- Russia VTB Equity, Corporate Debt, Government Debt (Ministry of (Vneshtorgbank) Finance Bonds) ---------------------------------------------------------------------------------------------------------------------------------- Russia NDC Equity, Corporate Debt, Government Debt (National Depository Centre) ---------------------------------------------------------------------------------------------------------------------------------- Russia DCC Equity (Depository Clearing Company) ---------------------------------------------------------------------------------------------------------------------------------- Singapore CDP Equity, Corporate Debt (The Central Depository (Pte) Limited) ---------------------------------------------------------------------------------------------------------------------------------- Singapore SGS Government Debt (Monetary Authority of Singapore / Singapore Government Securities Book-Entry System) ---------------------------------------------------------------------------------------------------------------------------------- Slovak Republic SCP Equity, Corporate Debt, Government Debt (Stredisko cennych papierov SR Bratislava, a.s.) ---------------------------------------------------------------------------------------------------------------------------------- Slovak Republic NBS Government Debt (National Bank of Slovakia) ---------------------------------------------------------------------------------------------------------------------------------- Slovenia KDD Equity, Corporate Debt, Government Debt (Centralna klirinsko depotna druzba d.d.) ---------------------------------------------------------------------------------------------------------------------------------- South Africa CDL Corporate Debt, Government Debt (Central Depository (Pty) Limited) ---------------------------------------------------------------------------------------------------------------------------------- South Africa STRATE Equity (Share Transactions Totally Electronic) ---------------------------------------------------------------------------------------------------------------------------------- South Korea KSD Equity, Corporate Debt, Government Debt (Korea Securities Depository) ---------------------------------------------------------------------------------------------------------------------------------- Spain SCLV Equity, Corporate Debt (Servicio de Compensacion y Liquidacion de Valores, S.A.) ---------------------------------------------------------------------------------------------------------------------------------- Spain CBEO Government Debt (Banco de Espana / Central Book Entry Office) ---------------------------------------------------------------------------------------------------------------------------------- Sri Lanka CDS Equity, Corporate Debt (Central Depository System (Private) Limited) ---------------------------------------------------------------------------------------------------------------------------------- Sweden VPC Equity, Corporate Debt, Government Debt (Vardepapperscentralen AB) ---------------------------------------------------------------------------------------------------------------------------------- Switzerland SIS Equity, Corporate Debt, Government Debt (SIS SegaInterSettle AG) ----------------------------------------------------------------------------------------------------------------------------------
26
---------------------------------------------------------------------------------------------------------------------------------- Country Depositary Instruments ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Taiwan TSCD Equity, Government Debt (Taiwan Securities Central Depository Co., Ltd.) ---------------------------------------------------------------------------------------------------------------------------------- Thailand TSD Equity, Corporate Debt, Government Debt (Thailand Securities Depository Company Limited) ---------------------------------------------------------------------------------------------------------------------------------- Tunisia STICODEVAM Equity, Corporate Debt, Government Debt (Societe Tunisienne Interprofessionnelle pour la Compensation et le Depot des Valeurs Mobilieres) ---------------------------------------------------------------------------------------------------------------------------------- Turkey TAKASBANK Equity, Corporate Debt, Government Debt (IMKB Takas ve Saklama Bankasi A.S.) ---------------------------------------------------------------------------------------------------------------------------------- United Kingdom CREST Equity, Corporate Debt, Government Debt (CRESTCo Limited) ---------------------------------------------------------------------------------------------------------------------------------- United Kingdom CMO Sterling & Euro CDs, Commercial Paper (Central Moneymarkets Office) ---------------------------------------------------------------------------------------------------------------------------------- United States DTC Equity, Corporate Debt (Depository Trust Company) ---------------------------------------------------------------------------------------------------------------------------------- United States PTC Mortgage Back Debt (Participants Trust Company) ---------------------------------------------------------------------------------------------------------------------------------- United States FED Government Debt (The Federal Reserve Book-Entry System) ---------------------------------------------------------------------------------------------------------------------------------- Uruguay BCU Corporate Debt, Government Debt (Banco Central del Uruguay) ---------------------------------------------------------------------------------------------------------------------------------- Venezuela BCV Government Debt (Banco Central de Venezuela) ---------------------------------------------------------------------------------------------------------------------------------- Zambia CSD Equity, Government Debt (LuSE Central Shares Depository Limited) ---------------------------------------------------------------------------------------------------------------------------------- Zambia BoZ Government Debt (Bank of Zambia) ----------------------------------------------------------------------------------------------------------------------------------
27