EX-99.(G)(3)(IX) 17 dex99g3ix.htm AMENDMENT NO. 8 DATED APRIL 1, 2007 TO THE AMENDED AND RESTATED Amendment No. 8 dated April 1, 2007 to the Amended and Restated

Exhibit (g)(3)(ix)

AMENDMENT NO. 8

AMENDED AND RESTATED GLOBAL CUSTODY AGREEMENT

Amendment No. 8 dated as of April 1, 2007 (“Amendment No. 8”), to the Amended and Restated Global Custody Agreement, dated as of February 1, 2002, as amended (“Agreement”), by and between EQ Advisors Trust (“Trust”) and JPMorgan Chase Bank (“JPMorgan”).

The Trust and JPMorgan hereby agree to modify and amend the Agreement as follows:

 

  1. Schedule B. Schedule B to the Agreement, setting forth the fees paid by the Trust for custody services provided by Chase is hereby replaced in its entirety by Schedule B attached hereto.

 

  2. Ratification. Except as modified and amended hereby, the Agreement is hereby ratified and confirmed in full force and effect in accordance with its terms.

IN WITNESS WHEREOF, the parties have executed and delivered this Amendment No. 8 as of the date first above set forth.

 

EQ ADVISORS TRUST     JPMORGAN CHASE BANK
By:   /s/ Kenneth T. Kozlowski     By:   /s/ Paul Larkin
  Kenneth Kozlowski     Name:   Paul Larkin
  Chief Financial Officer     Title:   Vice President
  and Treasurer      

Custody Fee Schedule

United States - Safekeeping & Transactions

 

Safekeeping/Administration

    Annual Fee    

Book-Entry Issues

    $ 6.00   per issue

Physical Issues

    $ 12.00   per issue

Transactions

    Per Transaction    

Custody Transactions (DVP, RVP or free)

     

DTC

    $ 5.00  

FBE

    $ 5.00  

Physical

    $ 17.00  

Future/Option

    $ 25.00  
        

Internal Transfer (switch, per side)

     

Book Entry (DTC or FBE)

    $ 5.00  

Physical

    $ 5.00  
        

Memo Entry/Blue Sheet (asset held elsewhere)

    $ 20.00  
        

Income Collection

     

Book Entry (DTC or FBE)

    $ 3.00  
        

Physical

    $ 4.00  
        

(credit or debit)

     

Wire Transfer

    $ 5.00  

Book Transfer

    $ 5.00  

Check Deposit or Issue

    $ 5.00  

Corporate Actions

    $ 25.00  

Posting/Paydown

     

Book-Entry (DTC or FBE)

    $ 5.00  

Physical

    $ 5.00  
        

Bond Call

    $ 25.00  
        

Stock Dividend

    $ 25.00  
        

Redemption

     

Book-Entry (DTC or FBE)

    $ 5.00  

Physical

    $ 13.00  
Proprietary and confidential.   
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Custody Fee Schedule

Global Markets - Safekeeping

Tier I charge applies up to Theshold II USD equivalent asset values. Tier II applies for USD equivalent asset values between Threshold II and Threshold III. Tier III charge applies to the USD equivalent asset values above Threshold III. (For example: Total Argentina asset value of $210,000 = 20 bps on the first $100,000 + 16 bps on next $50,000 + 12.80 bps on the next $60,000

Market value thresholds are determined by the value of assets under the sponsorship of AXA Funds Management Group.

 

Country

    Tier I BPs    Threshold II    Tier II BPs    Threshold III    Tier III BPs

Argentina

    20.00    $ 100,000,000    16.00    $ 150,000,000    12.80

Australia

    5.50    $ 250,000,000    4.40    $ 375,000,000    3.50

Austria

    9.00    $ 100,000,000    7.20    $ 150,000,000    5.80

Bahrain

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Bangladesh

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Belgium

    9.00    $ 100,000,000    7.20    $ 150,000,000    5.80

Bermuda

    20.00    $ 100,000,000    16.00    $ 150,000,000    12.80

Botswana

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Brazil

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Bulgaria

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Canada

    5.50    $ 250,000,000    4.40    $ 375,000,000    3.50

Chile

    20.00    $ 100,000,000    16.00    $ 150,000,000    12.80

China

    20.00    $ 100,000,000    16.00    $ 150,000,000    12.80

Colombia

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Costa Rica

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Croatia

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Cyprus

    20.00    $ 100,000,000    16.00    $ 150,000,000    12.80

Czech Republic

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Denmark

    9.00    $ 100,000,000    7.20    $ 150,000,000    5.80

Ecuador

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Egypt

    30.00    $ 100,000,000    24.00    $ 150,000,000    19.20

Estonia

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Euro CDs

    2.50    $ 100,000,000    2.00    $ 150,000,000    1.60

Euroclear

    3.00    $ 1,000,000,000    2.40    $ 1,500,000,000    1.90

Finland

    9.00    $ 100,000,000    7.20    $ 150,000,000    5.80

France

    4.00    $ 1,000,000,000    3.20    $ 1,500,000,000    2.60

Germany

    5.50    $ 500,000,000    4.40    $ 750,000,000    3.50

Ghana

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Greece

    25.00    $ 100,000,000    20.00    $ 150,000,000    16.00

Hong Kong

    7.50    $ 500,000,000    6.00    $ 750,000,000    4.80

Hungary

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Iceland

    20.00    $ 100,000,000    16.00    $ 150,000,000    12.80

India

    25.00    $ 100,000,000    20.00    $ 150,000,000    16.00

Indonesia

    25.00    $ 100,000,000    20.00    $ 150,000,000    16.00

Ireland

    9.00    $ 100,000,000    7.20    $ 150,000,000    5.80

Israel

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Italy

    6.00    $ 250,000,000    4.80    $ 375,000,000    3.80

Ivory Coast

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Jamaica

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Japan

    4.00    $ 1,500,000,000    3.20    $ 2,250,000,000    2.60

Jersey

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Jordan

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Kazakhstan

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Kenya

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Korea

    18.00    $ 250,000,000    14.40    $ 375,000,000    11.50

Latvia

    20.00    $ 100,000,000    16.00    $ 150,000,000    12.80

Lebanon

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Lithuania

    25.00    $ 100,000,000    20.00    $ 150,000,000    16.00

Luxembourg

    8.00    $ 100,000,000    6.40    $ 150,000,000    5.10
Proprietary and confidential.   
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Custody Fee Schedule

 

Malaysia

    9.00    $ 100,000,000    7.20    $ 150,000,000    5.80

Malta

    25.00    $ 100,000,000    20.00    $ 150,000,000    16.00

Mauritius

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Mexico

    18.00    $ 100,000,000    14.40    $ 150,000,000    11.50

Morocco

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Namibia

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Nepal

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Netherlands

    6.00    $ 250,000,000    4.80    $ 375,000,000    3.80

New Zealand

    9.00    $ 100,000,000    7.20    $ 150,000,000    5.80

Nigeria

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Norway

    9.00    $ 100,000,000    7.20    $ 150,000,000    5.80

Oman

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Pakistan

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Peru

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Philippines

    20.00    $ 100,000,000    16.00    $ 150,000,000    12.80

Poland

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Portugal

    15.00    $ 100,000,000    12.00    $ 150,000,000    9.60

Romania

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Russia

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Singapore

    9.00    $ 100,000,000    7.20    $ 150,000,000    5.80

Slovakia

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Slovenia

    25.00    $ 100,000,000    20.00    $ 150,000,000    16.00

South Africa

    20.00    $ 100,000,000    16.00    $ 150,000,000    12.80

Spain

    12.00    $ 100,000,000    9.60    $ 150,000,000    7.70

Sri Lanka

    20.00    $ 100,000,000    16.00    $ 150,000,000    12.80

Swaziland

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Sweden

    9.00    $ 100,000,000    7.20    $ 150,000,000    5.80

Switzerland

    6.00    $ 750,000,000    4.80    $ 1,125,000,000    3.80

Taiwan

    25.00    $ 100,000,000    20.00    $ 150,000,000    16.00

Thailand

    18.00    $ 100,000,000    14.40    $ 150,000,000    11.50

Tunisia

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Turkey

    25.00    $ 100,000,000    20.00    $ 150,000,000    16.00

Ukraine

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

United Arab Emirates

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

United Kingdom

    4.00    $ 1,500,000,000    3.20    $ 2,250,000,000    2.60

Uruguay

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Venezuela

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Vietnam

    40.00    $ 100,000,000    32.00    $ 150,000,000    25.60

Zambia

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40

Zimbabwe

    35.00    $ 100,000,000    28.00    $ 150,000,000    22.40
Proprietary and confidential.   
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Custody Fee Schedule

Global Markets - Transactions

 

Country

    Transactions STP Fee

Argentina

    $ 85.00

Australia

    $ 35.00

Austria

    $ 50.00

Bangladesh

    $ 85.00

Belgium

    $ 50.00

Botswana

    $ 85.00

Brazil

    $ 85.00

Canada

    $ 35.00

Chile

    $ 85.00

China

    $ 85.00

Czech Republic

    $ 85.00

Denmark

    $ 50.00

Ecuador

    $ 45.00

Egypt

    $ 50.00

Euro CDs

    $ 20.00

Euroclear

    $ 30.00

Finland

    $ 50.00

France

    $ 35.00

Germany

    $ 35.00

Ghana

    $ 75.00

Greece

    $ 85.00

Hong Kong

    $ 50.00

Hungary

    $ 50.00

India

    $ 85.00

Indonesia

    $ 85.00

Ireland

    $ 30.00

Israel

    $ 85.00

Italy

    $ 35.00

Japan

    $ 30.00

Jordan

    $ 85.00

Kenya

    $ 75.00

Korea

    $ 85.00

Luxembourg

    $ 35.00

Malaysia

    $ 35.00

Mauritius

    $ 85.00

Mexico

    $ 50.00

Morocco

    $ 85.00

Netherlands

    $ 35.00

New Zealand

    $ 50.00

Norway

    $ 50.00

Pakistan

    $ 85.00

Peru

    $ 85.00

Philippines

    $ 85.00

Poland

    $ 85.00

Portugal

    $ 85.00

Russia

    $ 100.00

Singapore

    $ 50.00

Slovakia

    $ 75.00

South Africa

    $ 85.00

Spain

    $ 85.00

Sri Lanka

    $ 85.00

Sweden

    $ 50.00

Switzerland

    $ 35.00

Taiwan

    $ 85.00

Thailand

    $ 85.00
Proprietary and confidential.   
All rights reserved.    Page 4 of 7

Custody Fee Schedule

 

Turkey

    $ 85.00

United Kingdom

    $ 30.00

Uruguay

    $ 85.00

Venezuela

    $ 85.00

Zambia

    $ 75.00

Zimbabwe

    $ 85.00

Currency Movements

 

Credits

    $ 5    per account credit

Checks

      

Received

    $ 5    per check

Issued

    $ 5    per check

Payments

      

SWIFT

    $ 5    per payment

CHIPS

    $ 5    per payment

Book Transfer

    $ 5    per transfer

Additional Charges

Service

Manual/Non-STP Transaction Surcharge(in addition to applicable transaction fee)

    $ 25    per transaction

Manual Corporate Action Response

    $ 25    per transaction

Class Actions Services

    $ 700    per filing

Scope of Services

 

  •  

Relationship management and client service team support

 

  •  

Account set-up and market entry

 

  •  

Trade settlement (including AutoSettle in applicable markets) and trade fail resolution

 

  •  

Asset registration and safekeeping

 

  •  

Income notification, collection and & disbursement (including AutoCredit in applicable markets)

 

  •  

Corporate action notification & processing

 

  •  

Tax relief and reclaim processing for ordinary securities and DTC-eligible ADRs

 

  •  

Proxy notification and voting

 

  •  

Daily sweep of cash to selected JPMorgan short-term investment vehicle(s).

 

  •  

Daily on-line reporting (holdings, transactions, cash)

 

  •  

Inquiry research and resolution

 

  •  

Global network information, including on-line market reports and news flashes

Optional Services

Service

Short-Term Cash Investments

Alternative Asset Servicing

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JPMorgan Fee Proposal: Assumptions and Notes

Assumptions

 

  •  

EQ Advisors Trust and its investment managers (if applicable) will instruct JPMorgan of trades and other account activity in a mutually agreed electronic format that enables straight-through processing (STP), using JPMorgan proprietary systems, SWIFT messages, direct electronic transmissions or other means deemed acceptable by JPMorgan.

 

  •  

EQ Advisors Trust may invest/place cash balances from custody and/or demand deposit accounts JPMorgan’s short term investment vehicles.

Notes

 

  •  

JPMorgan’s fee proposal will remain valid until December 31, 2009.

 

  •  

JPMorgan reserves the right to renegotiate its fee schedule at any time should EQ Advisors Trust’s actual investment portfolio and/or trading activity differ significantly from the assumptions used to develop our fee proposal. JPMorgan also reserves the right to amend its fee schedule if EQ Advisors Trust’s service requirements change.

 

  •  

Fees for additional service(s) and/or market(s) added at the request of EQ Advisors Trust while this fee schedule is in effect will be assessed at JPMorgan’s standard price(s), unless an alternative pricing arrangement is agreed upon in advance by EQ Advisors Trust and JPMorgan.

 

  •  

All fees and charges in this fee proposal are quoted in U.S. Dollars (US$), except where noted otherwise. JPMorgan requires invoices to be paid in U.S. Dollars, unless JPMorgan and EQ Advisors Trust have agreed upon alternative payment arrangements in advance of remittance.

 

  •  

Ad valorem fees are expressed in basis points (bp) on market value of assets. Where applicable, ad valorem fees will be calculated at the end of the billing period using market values derived by JPMorgan from data provided by its selected pricing sources and applied to funds on a pro-rated basis. In the event that JPMorgan must rely on EQ Advisors Trust or a portfolio manager or other party(ies) selected by EQ Advisors Trust to provide valuation(s) for the purpose of calculating ad valorem fee(s), JPMorgan must receive such valuations no later than 30 days after the end of the billing period in a format deemed acceptable by JPMorgan. In the event that JPMorgan does not receive valuations by the required date, JPMorgan will render an invoice using the most recent valuation(s) received for the respective investment(s)/account(s).

 

  •  

JPMorgan will present invoices monthly in arrears, with payment debited directly from the account(s) 30 days after the date of the invoice, unless an alternative billing arrangement is negotiated between EQ Advisors Trust and JPMorgan. All annual fees, including ad valorem (basis point) fees, will be pro-rated based on the number of months included in the billing period.

 

  •  

JPMorgan will recover applicable out-of-pocket and/or pass-through expenses incurred in the course of delivering contracted services for EQ Advisors Trust by direct debit from the relevant accounts and/or presenting an invoice each billing period. Such expenses may include but are not limited to: stamp duty, scrip and re-registration fees, courier fees, and SAS 70 / FRAG 21 reporting.

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Fee Proposal Acknowledgement

The foregoing fee proposal covers custody, settlement and certain associated services to be performed by JPMorgan Chase Bank, N.A. (“JPMorgan”) and/or certain subsidiaries and/or affiliates for EQ Advisors Trust. The signature below indicates that I, as a duly authorized representative of EQ Advisors Trust, have reviewed and accept this fee proposal, which will take effect upon the start of provision of the services described herein by JPMorgan for EQ Advisors Trust. This fee proposal will be attached as a schedule to, and will be incorporated into, the custody or trust agreement(s) in effect between EQ Advisors Trust and JPMorgan.

This fee schedule shall remain in effect from the date accepted until December 31, 2009, unless superseded by a subsequent, mutually agreed fee arrangement between EQ Advisors Trust and JPMorgan.

Accepted by:

 

EQ Advisors Trust     JPMorgan Chase Bank, N.A.
         
Signature     Signature
         
Name     Name
         
Title     Title
         
Date     Date
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