<?xml version="1.0" encoding="UTF-8"?><!--
  == Copyright (c) 2002-2010. All rights reserved.
  == Financial Products Markup Language is subject to the FpML public license.
  == A copy of this license is available at http://www.fpml.org/license/license.html
-->
<FpML xmlns="http://www.fpml.org/2010/FpML-4-9" xmlns:fpml="http://www.fpml.org/2010/FpML-4-9" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" version="4-9" xsi:type="TradeConfirmed" xsi:schemaLocation="http://www.fpml.org/2010/FpML-4-9 ../fpml-main-4-9.xsd http://www.w3.org/2000/09/xmldsig# ../xmldsig-core-schema.xsd">
   <header>
      <conversationId conversationIdScheme="http://www.example.com/conversationId">CS/2006/07/02/32-09</conversationId>
      <messageId messageIdScheme="http://www.example.com/messageId">MS/2006/04/07/15-99</messageId>
      <sentBy>PARTYABICXXX</sentBy>
      <sendTo>PARTYBBICXXX</sendTo>
      <creationTimestamp>2006-07-02T16:38:00Z</creationTimestamp>
   </header>
   <trade><!--This is a zero-strike equity swap that illustrates the example of one single-legged swap and the use of the principalExchangeFeatures component-->
      <tradeHeader>
         <partyTradeIdentifier>
            <partyReference href="party1"/>
            <tradeId tradeIdScheme="http://www.partyA.com/eqs-trade-id">1234</tradeId>
         </partyTradeIdentifier>
         <partyTradeIdentifier>
            <partyReference href="party2"/>
            <tradeId tradeIdScheme="http://www.partyB.com/eqs-trade-id">5678</tradeId>
         </partyTradeIdentifier>
         <tradeDate id="TradeDate">2002-10-17Z</tradeDate>
      </tradeHeader>
      <returnSwap>
         <productType>ZeroStrikeSwap</productType>
         <returnLeg>
            <payerPartyReference href="party1"/>
            <receiverPartyReference href="party2"/>
            <effectiveDate id="EffectiveDate">
               <adjustableDate>
                  <unadjustedDate>2002-10-24Z</unadjustedDate>
                  <dateAdjustments>
                     <businessDayConvention>NotApplicable</businessDayConvention>
                  </dateAdjustments>
               </adjustableDate>
            </effectiveDate>
            <terminationDate id="TerminationDate">
               <relativeDate>
                  <periodMultiplier>0</periodMultiplier>
                  <period>D</period>
                  <businessDayConvention>NotApplicable</businessDayConvention>
                  <dateRelativeTo href="FinalEquityPaymentDate"/>
               </relativeDate>
            </terminationDate>
            <underlyer>
               <singleUnderlyer>
                  <equity>
                     <instrumentId instrumentIdScheme="http://www.abc.com/instrumentId">ZEE.NS</instrumentId>
                     <description>ZEE</description>
                     <exchangeId exchangeIdScheme="http://www.abc.com/exchangeId">NationalStockExchange</exchangeId>
                  </equity>
                  <openUnits>31000</openUnits>
                  <dividendPayout>
                     <dividendPayoutRatio>1</dividendPayoutRatio>
                  </dividendPayout>
               </singleUnderlyer>
            </underlyer>
            <rateOfReturn>
               <initialPrice>
                  <netPrice>
                     <currency>USD</currency>
                     <amount>1.8036</amount>
                     <priceExpression>AbsoluteTerms</priceExpression>
                  </netPrice>
               </initialPrice>
               <notionalReset>false</notionalReset>
               <valuationPriceFinal>
                  <commission>
                     <commissionDenomination>BPS</commissionDenomination>
                     <commissionAmount>60</commissionAmount>
                  </commission>
                  <determinationMethod>HedgeUnwind</determinationMethod>
                  <valuationRules>
                     <valuationDate id="FinalValuationDate">
                        <adjustableDate>
                           <unadjustedDate>2004-10-17Z</unadjustedDate>
                           <dateAdjustments>
                              <businessDayConvention>NotApplicable</businessDayConvention>
                           </dateAdjustments>
                        </adjustableDate>
                     </valuationDate>
                  </valuationRules>
               </valuationPriceFinal>
               <paymentDates id="EquityPaymentDate">
                  <paymentDateFinal id="FinalEquityPaymentDate">
                     <relativeDate>
                        <periodMultiplier>5</periodMultiplier>
                        <period>D</period>
                        <dayType>CurrencyBusiness</dayType>
                        <businessDayConvention>FOLLOWING</businessDayConvention>
                        <businessCenters id="PrimaryBusinessCenter">
                           <businessCenter>USNY</businessCenter>
                        </businessCenters>
                        <dateRelativeTo href="FinalValuationDate"/>
                     </relativeDate>
                  </paymentDateFinal>
               </paymentDates>
            </rateOfReturn>
            <notional>
               <notionalAmount>
                  <currency>USD</currency>
                  <amount>55911.60</amount>
               </notionalAmount>
            </notional>
            <amount>
               <paymentCurrency href="ReferenceCurrency"/>
               <formula>
                  <formulaDescription>Final Price * Number of Shares</formulaDescription>
                  <math>
                     <mi>valuationPriceFinal</mi>
                     <mo>*</mo>
                     <mi>openUnits</mi>
                  </math>
               </formula>
               <cashSettlement>true</cashSettlement>
            </amount>
            <return>
               <returnType>Total</returnType>
               <dividendConditions>
                  <dividendReinvestment>false</dividendReinvestment>
                  <dividendEntitlement>ExDate</dividendEntitlement>
                  <dividendPaymentDate>
                     <dividendDateReference>EquityPaymentDate</dividendDateReference>
                  </dividendPaymentDate>
                  <dividendPeriodEffectiveDate href="TradeDate"/>
                  <dividendPeriodEndDate href="FinalValuationDate"/><!-- AP 2004.02.04 inserted execessDividendAmount for validation -->
                  <excessDividendAmount>PaidAmount</excessDividendAmount>
                  <paymentCurrency href="ReferenceCurrency"/>
               </dividendConditions>
            </return>
            <notionalAdjustments>Standard</notionalAdjustments>
            <fxFeature>
               <referenceCurrency id="ReferenceCurrency">USD</referenceCurrency>
               <composite>
                  <determinationMethod>CalculationAgent</determinationMethod>
               </composite>
            </fxFeature>
         </returnLeg>
         <principalExchangeFeatures>
            <principalExchanges>
               <initialExchange>true</initialExchange>
               <finalExchange>false</finalExchange>
               <intermediateExchange>false</intermediateExchange>
            </principalExchanges>
            <principalExchangeDescriptions>
               <payerPartyReference href="party2"/>
               <receiverPartyReference href="party1"/>
               <principalExchangeAmount>
                  <principalAmount>
                     <currency>USD</currency>
                     <amount>55911.60</amount>
                  </principalAmount>
               </principalExchangeAmount>
               <principalExchangeDate>
                  <relativeDate>
                     <periodMultiplier>0</periodMultiplier>
                     <period>D</period>
                     <businessDayConvention>NotApplicable</businessDayConvention>
                     <dateRelativeTo href="EffectiveDate"/>
                  </relativeDate>
               </principalExchangeDate>
            </principalExchangeDescriptions>
         </principalExchangeFeatures>
         <earlyTermination>
            <partyReference href="party1"/>
            <startingDate>
               <dateRelativeTo href="TradeDate"/>
            </startingDate>
         </earlyTermination>
         <earlyTermination>
            <partyReference href="party2"/>
            <startingDate>
               <dateRelativeTo href="TradeDate"/>
            </startingDate>
         </earlyTermination>
         <extraordinaryEvents>
            <mergerEvents>
               <shareForShare>ModifiedCalculationAgent</shareForShare>
               <shareForOther>ModifiedCalculationAgent</shareForOther>
               <shareForCombined>ModifiedCalculationAgent</shareForCombined>
            </mergerEvents>
            <tenderOffer>true</tenderOffer>
            <tenderOfferEvents>
               <shareForShare>ModifiedCalculationAgent</shareForShare>
               <shareForOther>ModifiedCalculationAgent</shareForOther>
               <shareForCombined>ModifiedCalculationAgent</shareForCombined>
            </tenderOfferEvents>
            <compositionOfCombinedConsideration>true</compositionOfCombinedConsideration>
            <additionalDisruptionEvents>
               <changeInLaw>true</changeInLaw>
               <failureToDeliver>true</failureToDeliver>
               <insolvencyFiling>false</insolvencyFiling>
               <hedgingDisruption>true</hedgingDisruption>
               <lossOfStockBorrow>true</lossOfStockBorrow>
               <increasedCostOfStockBorrow>false</increasedCostOfStockBorrow>
               <increasedCostOfHedging>false</increasedCostOfHedging>
               <determiningPartyReference href="party1"/>
            </additionalDisruptionEvents>
            <representations>
               <nonReliance>true</nonReliance>
               <agreementsRegardingHedging>true</agreementsRegardingHedging>
               <additionalAcknowledgements>true</additionalAcknowledgements>
            </representations>
            <nationalisationOrInsolvency>CancellationAndPayment</nationalisationOrInsolvency>
         </extraordinaryEvents>
      </returnSwap>
      <calculationAgent>
         <calculationAgentPartyReference href="party1"/>
      </calculationAgent>
      <documentation>
         <masterAgreement>
            <masterAgreementType>ISDA</masterAgreementType>
            <masterAgreementVersion>2002</masterAgreementVersion>
         </masterAgreement>
         <contractualDefinitions>ISDA2000</contractualDefinitions>
         <contractualDefinitions>ISDA2002Equity</contractualDefinitions>
      </documentation>
      <governingLaw>GBEN</governingLaw>
   </trade>
   <party id="party1">
      <partyId>Party A</partyId>
   </party>
   <party id="party2">
      <partyId>Party B</partyId>
   </party>
</FpML>