<?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="RequestTradeConfirmation" 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>
      <messageId messageIdScheme="http://www.partyA.com/coding-scheme/message-id">2342342</messageId>
      <sentBy>PARTYA</sentBy>
      <sendTo>ABC</sendTo>
      <creationTimestamp>2007-01-05T15:38:00Z</creationTimestamp>
   </header>
   <trade>
      <tradeHeader>
         <partyTradeIdentifier>
            <partyReference href="Party1"/>
            <tradeId tradeIdScheme="http://www.PartyA.com/coding-scheme/trade-id">Trade234</tradeId>
         </partyTradeIdentifier>
         <tradeDate id="TRADEDATE">2006-01-16Z</tradeDate>
      </tradeHeader>
      <creditDefaultSwapOption>
         <buyerPartyReference href="Party2"/>
         <sellerPartyReference href="Party1"/>
         <optionType>Receiver</optionType>
         <premium>
            <payerPartyReference href="Party2"/>
            <receiverPartyReference href="Party1"/>
            <paymentAmount>
               <currency>EUR</currency>
               <amount>600000</amount>
            </paymentAmount>
            <paymentDate>
               <relativeDate>
                  <periodMultiplier>3</periodMultiplier>
                  <period>D</period>
                  <dayType>Business</dayType>
                  <businessDayConvention>NONE</businessDayConvention>
                  <dateRelativeTo href="TRADEDATE"/>
               </relativeDate>
            </paymentDate>
            <premiumType>Fixed</premiumType>
         </premium>
         <europeanExercise>
            <expirationDate>
               <adjustableDate>
                  <unadjustedDate>2006-12-20Z</unadjustedDate>
                  <dateAdjustments>
                     <businessDayConvention>FOLLOWING</businessDayConvention>
                     <businessCenters>
                        <businessCenter>GBLO</businessCenter>
                     </businessCenters>
                  </dateAdjustments>
               </adjustableDate>
            </expirationDate>
            <earliestExerciseTime>
               <hourMinuteTime>09:00:00</hourMinuteTime>
               <businessCenter>GBLO</businessCenter>
            </earliestExerciseTime>
            <expirationTime>
               <hourMinuteTime>16:00:00</hourMinuteTime>
               <businessCenter>GBLO</businessCenter>
            </expirationTime>
         </europeanExercise>
         <exerciseProcedure>
            <manualExercise>
               <fallbackExercise>false</fallbackExercise>
            </manualExercise>
            <followUpConfirmation>true</followUpConfirmation>
         </exerciseProcedure>
         <notionalReference href="NOTIONAL"/>
         <settlementType>Physical</settlementType>
         <strike>
            <spread>0.004</spread>
         </strike>
         <creditDefaultSwap>
            <generalTerms>
               <effectiveDate>
                  <unadjustedDate>2006-03-20Z</unadjustedDate>
                  <dateAdjustments>
                     <businessDayConvention>NONE</businessDayConvention>
                  </dateAdjustments>
               </effectiveDate>
               <scheduledTerminationDate>
                  <adjustableDate>
                     <unadjustedDate>2011-06-20Z</unadjustedDate>
                     <dateAdjustments>
                        <businessDayConvention>NONE</businessDayConvention>
                     </dateAdjustments>
                  </adjustableDate>
               </scheduledTerminationDate>
               <sellerPartyReference href="Party2"/>
               <buyerPartyReference href="Party1"/>
               <dateAdjustments>
                  <businessDayConvention>NONE</businessDayConvention>
               </dateAdjustments>
               <indexReferenceInformation>
                  <indexName indexNameScheme="123">iTraxx Europe Series 5 Version 1</indexName>
                  <indexId indexIdScheme="CUSIP">ExampleCUSIP4</indexId>
               </indexReferenceInformation>
            </generalTerms>
            <feeLeg>
               <periodicPayment>
                  <paymentFrequency>
                     <periodMultiplier>3</periodMultiplier>
                     <period>M</period>
                  </paymentFrequency>
                  <firstPaymentDate>2007-03-20Z</firstPaymentDate>
                  <lastRegularPaymentDate>2011-03-20Z</lastRegularPaymentDate>
                  <rollConvention>20</rollConvention>
                  <fixedAmountCalculation>
                     <calculationAmount>
                        <currency>EUR</currency>
                        <amount>250000000</amount>
                     </calculationAmount>
                     <fixedRate>0.004</fixedRate>
                     <dayCountFraction>ACT/360</dayCountFraction>
                  </fixedAmountCalculation>
               </periodicPayment>
            </feeLeg>
            <protectionTerms>
               <calculationAmount id="NOTIONAL">
                  <currency>EUR</currency>
                  <amount>250000000</amount>
               </calculationAmount>
               <creditEvents>
                  <bankruptcy/>
                  <failureToPay>
                     <paymentRequirement>
                        <currency>USD</currency>
                        <amount>1000000</amount>
                     </paymentRequirement>
                  </failureToPay>
                  <creditEventNotice>
                     <notifyingParty>
                        <buyerPartyReference href="Party1"/>
                        <sellerPartyReference href="Party2"/>
                     </notifyingParty>
                     <publiclyAvailableInformation>
                        <publicSource>Standard</publicSource>
                        <specifiedNumber>2</specifiedNumber>
                     </publiclyAvailableInformation>
                  </creditEventNotice>
               </creditEvents>
               <obligations>
                  <category>BorrowedMoney</category>
               </obligations>
            </protectionTerms>
            <physicalSettlementTerms>
               <settlementCurrency>USD</settlementCurrency>
               <physicalSettlementPeriod>
                  <maximumBusinessDays>30</maximumBusinessDays>
               </physicalSettlementPeriod>
               <deliverableObligations>
                  <accruedInterest>false</accruedInterest>
                  <category>BondOrLoan</category>
                  <notSubordinated/>
                  <notContingent/>
                  <assignableLoan/>
                  <consentRequiredLoan/>
                  <transferable/>
                  <maximumMaturity>
                     <periodMultiplier>30</periodMultiplier>
                     <period>Y</period>
                  </maximumMaturity>
                  <notBearer/>
               </deliverableObligations>
               <escrow>true</escrow>
            </physicalSettlementTerms>
         </creditDefaultSwap>
      </creditDefaultSwapOption>
      <calculationAgent>
         <calculationAgentPartyReference href="Party1"/>
      </calculationAgent>
   </trade>
   <party id="Party1">
      <partyId>Party A</partyId>
   </party>
   <party id="Party2">
      <partyId>Party B</partyId>
   </party>
</FpML>