<?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
  --><!--
  This is an example of how a DSWG 0.6.2 document can be represented in FpML.
  It contains:
  * an interest rate swap
  * a single equity underlyer total return swap
  * a basket equity underlyer total return swap
  * a single credit (bond) underlyer total return swap
  * a basket credit (bond) underlyer total return swap
  * a credit default swap.

  * Dates and valuations may not be meaningful.
  -->
<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="PositionReport" 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.abc.com/mid">XXX00123</messageId>
      <sentBy>ABCDUS33</sentBy>
      <sendTo>HEDGUS33</sendTo>
      <creationTimestamp>2004-08-02T15:38:00Z</creationTimestamp>
   </header>
   <asOfDate>2004-06-02Z</asOfDate>
   <dataSetName>Sample positions</dataSetName>
   <quotationCharacteristics>
      <side>Mid</side>
      <currency>USD</currency>
      <timing>Close</timing>
   </quotationCharacteristics>
   <position>
      <positionId positionIdScheme="http://www.abc.com/positionId">IRS-POS-01</positionId>
      <reportingRoles>
         <baseParty href="party2"/>
         <positionProvider href="party1"/>
      </reportingRoles>
      <constituent>
         <trade id="irs1-trade">
            <tradeHeader>
               <partyTradeIdentifier>
                  <partyReference href="party1"/>
                  <tradeId tradeIdScheme="http://www.abc.com/swaps/trade-id">IRS-01</tradeId>
               </partyTradeIdentifier>
               <partyTradeIdentifier>
                  <partyReference href="party2"/>
                  <tradeId tradeIdScheme="http://www.hedgeco.com/swaps/trade-id">swap-1</tradeId>
               </partyTradeIdentifier>
               <tradeDate>2004-12-12Z</tradeDate>
            </tradeHeader>
            <swap><!-- used to represent the "swap type" -->
               <productType productTypeScheme="http://www.datastandardsworkinggroup.org/products-1-0">IRS-FixedFloat-Uneven</productType><!-- ABC pays the floating rate every 6 months, based on 6M EURIBOR-Telerate
                    on an ACT/360 basis -->
               <swapStream id="irs1-floatingStream">
                  <payerPartyReference href="party1"/>
                  <receiverPartyReference href="party2"/>
                  <calculationPeriodDates id="irs1-floatingCalcPeriodDates">
                     <effectiveDate>
                        <unadjustedDate>2004-12-14Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>NONE</businessDayConvention>
                        </dateAdjustments>
                     </effectiveDate>
                     <terminationDate>
                        <unadjustedDate>2009-12-14Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>MODFOLLOWING</businessDayConvention>
                           <businessCenters id="irs1-primaryBusinessCenters">
                              <businessCenter>EUTA</businessCenter>
                           </businessCenters>
                        </dateAdjustments>
                     </terminationDate>
                     <calculationPeriodDatesAdjustments>
                        <businessDayConvention>MODFOLLOWING</businessDayConvention>
                        <businessCenters>
                           <businessCenter>EUTA</businessCenter>
                        </businessCenters>
                     </calculationPeriodDatesAdjustments>
                     <calculationPeriodFrequency>
                        <periodMultiplier>6</periodMultiplier>
                        <period>M</period>
                        <rollConvention>14</rollConvention>
                     </calculationPeriodFrequency>
                  </calculationPeriodDates>
                  <paymentDates id="PaymentDatesID2">
                     <calculationPeriodDatesReference href="irs1-floatingCalcPeriodDates"/>
                     <paymentFrequency>
                        <periodMultiplier>6</periodMultiplier>
                        <period>M</period>
                     </paymentFrequency>
                     <payRelativeTo>CalculationPeriodEndDate</payRelativeTo>
                     <paymentDatesAdjustments>
                        <businessDayConvention>MODFOLLOWING</businessDayConvention>
                        <businessCenters>
                           <businessCenter>EUTA</businessCenter>
                        </businessCenters>
                     </paymentDatesAdjustments>
                  </paymentDates>
                  <resetDates id="irs1-resetDates">
                     <calculationPeriodDatesReference href="irs1-floatingCalcPeriodDates"/>
                     <resetRelativeTo>CalculationPeriodStartDate</resetRelativeTo>
                     <fixingDates>
                        <periodMultiplier>-2</periodMultiplier>
                        <period>D</period>
                        <dayType>Business</dayType>
                        <businessDayConvention>NONE</businessDayConvention>
                        <dateRelativeTo href="irs1-resetDates"/>
                     </fixingDates>
                     <resetFrequency>
                        <periodMultiplier>6</periodMultiplier>
                        <period>M</period>
                     </resetFrequency>
                     <resetDatesAdjustments>
                        <businessDayConvention>MODFOLLOWING</businessDayConvention>
                        <businessCenters>
                           <businessCenter>EUTA</businessCenter>
                        </businessCenters>
                     </resetDatesAdjustments>
                  </resetDates>
                  <calculationPeriodAmount>
                     <calculation>
                        <notionalSchedule>
                           <notionalStepSchedule>
                              <initialValue>50000000.00</initialValue>
                              <step>
                                 <stepDate>2004-12-14Z</stepDate>
                                 <stepValue>10000000.00</stepValue>
                              </step>
                              <step>
                                 <stepDate>2005-12-14Z</stepDate>
                                 <stepValue>20000000.00</stepValue>
                              </step>
                              <step>
                                 <stepDate>2006-12-14Z</stepDate>
                                 <stepValue>30000000.00</stepValue>
                              </step>
                              <step>
                                 <stepDate>2007-12-14Z</stepDate>
                                 <stepValue>40000000.00</stepValue>
                              </step>
                              <step>
                                 <stepDate>2008-12-14Z</stepDate>
                                 <stepValue>50000000.00</stepValue>
                              </step>
                              <step>
                                 <stepDate>2009-12-14Z</stepDate>
                                 <stepValue>60000000.00</stepValue>
                              </step>
                              <currency>EUR</currency>
                           </notionalStepSchedule>
                        </notionalSchedule>
                        <floatingRateCalculation>
                           <floatingRateIndex>EUR-EURIBOR-Telerate</floatingRateIndex>
                           <indexTenor>
                              <periodMultiplier>6</periodMultiplier>
                              <period>M</period>
                           </indexTenor>
                           <spreadSchedule>
                              <initialValue>0.01</initialValue>
                           </spreadSchedule>
                        </floatingRateCalculation>
                        <dayCountFraction>ACT/360</dayCountFraction>
                     </calculation>
                  </calculationPeriodAmount>
                  <settlementProvision>
                     <settlementCurrency>USD</settlementCurrency>
                     <nonDeliverableSettlement>
                        <referenceCurrency>EUR</referenceCurrency>
                        <fxFixingDate>
                           <periodMultiplier>2</periodMultiplier>
                           <period>D</period>
                           <dayType>Business</dayType>
                           <businessDayConvention>MODFOLLOWING</businessDayConvention>
                           <businessCenters>
                              <businessCenter>USNY</businessCenter>
                              <businessCenter>GBLO</businessCenter>
                           </businessCenters>
                           <dateRelativeToPaymentDates>
                              <paymentDatesReference href="PaymentDatesID2"/><!--
                                                                <paymentDatesReference href="PrincipalExchanges"/>
                                                                -->
                           </dateRelativeToPaymentDates>
                        </fxFixingDate>
                        <settlementRateOption settlementRateOptionScheme="http://www.fpml.org/coding-scheme/settlement-rate-option-1-0">CURRENCY-IMPLIED.RATE.(ADR)/CURA1</settlementRateOption>
                     </nonDeliverableSettlement>
                  </settlementProvision>
               </swapStream><!-- HedgeCo pays the 6% fixed rate every year on a 30E/360 basis -->
               <swapStream id="irs1-fixedStream">
                  <payerPartyReference href="party2"/>
                  <receiverPartyReference href="party1"/>
                  <calculationPeriodDates id="irs1-fixedCalcPeriodDates">
                     <effectiveDate>
                        <unadjustedDate>2004-12-14Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>NONE</businessDayConvention>
                        </dateAdjustments>
                     </effectiveDate>
                     <terminationDate>
                        <unadjustedDate>2009-12-14Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>MODFOLLOWING</businessDayConvention>
                           <businessCenters>
                              <businessCenter>EUTA</businessCenter>
                           </businessCenters>
                        </dateAdjustments>
                     </terminationDate>
                     <calculationPeriodDatesAdjustments>
                        <businessDayConvention>MODFOLLOWING</businessDayConvention>
                        <businessCenters>
                           <businessCenter>EUTA</businessCenter>
                        </businessCenters>
                     </calculationPeriodDatesAdjustments>
                     <calculationPeriodFrequency>
                        <periodMultiplier>1</periodMultiplier>
                        <period>Y</period>
                        <rollConvention>14</rollConvention>
                     </calculationPeriodFrequency>
                  </calculationPeriodDates>
                  <paymentDates id="PaymentDatesID">
                     <calculationPeriodDatesReference href="irs1-fixedCalcPeriodDates"/>
                     <paymentFrequency>
                        <periodMultiplier>1</periodMultiplier>
                        <period>Y</period>
                     </paymentFrequency>
                     <payRelativeTo>CalculationPeriodEndDate</payRelativeTo>
                     <paymentDatesAdjustments>
                        <businessDayConvention>MODFOLLOWING</businessDayConvention>
                        <businessCenters>
                           <businessCenter>EUTA</businessCenter>
                        </businessCenters>
                     </paymentDatesAdjustments>
                  </paymentDates>
                  <calculationPeriodAmount>
                     <calculation>
                        <notionalSchedule>
                           <notionalStepSchedule id="irs-notional">
                              <initialValue>50000000.00</initialValue>
                              <currency>EUR</currency>
                           </notionalStepSchedule>
                        </notionalSchedule>
                        <fixedRateSchedule>
                           <initialValue>0.06</initialValue>
                        </fixedRateSchedule>
                        <dayCountFraction>30E/360</dayCountFraction>
                     </calculation>
                  </calculationPeriodAmount>
                  <settlementProvision>
                     <settlementCurrency>USD</settlementCurrency>
                     <nonDeliverableSettlement>
                        <referenceCurrency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</referenceCurrency>
                        <fxFixingDate>
                           <periodMultiplier>2</periodMultiplier>
                           <period>D</period>
                           <dayType>Business</dayType>
                           <businessDayConvention>MODFOLLOWING</businessDayConvention>
                           <businessCenters>
                              <businessCenter>USNY</businessCenter>
                              <businessCenter>GBLO</businessCenter>
                           </businessCenters>
                           <dateRelativeToPaymentDates>
                              <paymentDatesReference href="PaymentDatesID"/><!--
                                                                <paymentDatesReference href="PrincipalExchanges"/>
                                                                        -->
                           </dateRelativeToPaymentDates>
                        </fxFixingDate>
                        <settlementRateOption settlementRateOptionScheme="http://www.fpml.org/coding-scheme/settlement-rate-option-1-0">CURRENCY-IMPLIED.RATE.(ADR)/CURA1</settlementRateOption>
                     </nonDeliverableSettlement>
                  </settlementProvision>
               </swapStream>
               <additionalPayment>
                  <payerPartyReference href="party2"/>
                  <receiverPartyReference href="party1"/>
                  <paymentAmount>
                     <currency>USD</currency>
                     <amount>15000.00</amount>
                  </paymentAmount>
                  <paymentDate>
                     <unadjustedDate>2005-04-27Z</unadjustedDate>
                     <dateAdjustments>
                        <businessDayConvention>MODFOLLOWING</businessDayConvention>
                        <businessCenters>
                           <businessCenter>EUTA</businessCenter>
                        </businessCenters>
                     </dateAdjustments>
                  </paymentDate>
               </additionalPayment>
            </swap>
            <collateral>
               <independentAmount>
                  <payerPartyReference href="party2"/>
                  <receiverPartyReference href="party1"/>
                  <paymentDetail>
                     <adjustedPaymentDate>2004-01-01Z</adjustedPaymentDate>
                     <paymentRule xsi:type="PercentageRule">
                        <paymentPercent>0.10</paymentPercent>
                        <notionalAmountReference href="irs-notional"/>
                     </paymentRule>
                     <paymentAmount>
                        <currency>USD</currency>
                        <amount>1000</amount>
                     </paymentAmount>
                  </paymentDetail>
               </independentAmount>
            </collateral>
         </trade>
      </constituent>
      <scheduledDate>
         <adjustedDate>2004-12-14Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousReset</type>
         <assetReference href="irs1-floatingStream"/>
         <associatedValue>
            <objectReference href="irs1-floatingStream"/>
            <quote>
               <value>0.062</value>
               <measureType>TreatedRate</measureType>
            </quote>
         </associatedValue>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2005-03-14Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">FirstPayment</type>
         <assetReference href="irs1-floatingStream"/>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2005-03-14Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousPayment</type>
         <assetReference href="irs1-floatingStream"/>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2005-06-14Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">NextPayment</type>
         <assetReference href="irs1-floatingStream"/>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2004-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousReset</type>
         <assetReference href="irs1-floatingStream"/>
         <associatedValue>
            <objectReference href="irs1-floatingStream"/>
            <quote>
               <value>0.0350</value>
               <measureType>TreatedRate</measureType>
            </quote>
         </associatedValue>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2004-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">FirstPayment</type>
         <assetReference href="irs1-fixedStream"/>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2004-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousPayment</type>
         <assetReference href="irs1-fixedStream"/>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2005-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">NextPayment</type>
         <assetReference href="irs1-fixedStream"/>
      </scheduledDate>
      <valuation>
         <objectReference href="irs1-floatingStream"/>
         <quote>
            <value>12345.00</value>
            <measureType>AccruedInterest</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
         <quote>
            <value>3000000.00</value>
            <measureType>CurrentNotional</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">USD</currency>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="irs1-fixedStream"/>
         <quote>
            <value>12345.00</value>
            <measureType>AccruedInterest</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
         <quote>
            <value>3000000.00</value>
            <measureType>CurrentNotional</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">USD</currency>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="irs1-trade"/>
         <quote>
            <value>10000.00</value>
            <measureType>NPVLocalCurrency</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
         <quote>
            <value>12300.00</value>
            <measureType>NPV</measureType>
         </quote>
         <fxRate>
            <quotedCurrencyPair>
               <currency1>USD</currency1>
               <currency2>EUR</currency2>
               <quoteBasis>Currency1PerCurrency2</quoteBasis>
            </quotedCurrencyPair>
            <rate>1.23</rate>
         </fxRate>
      </valuation>
   </position>
   <position>
      <positionId positionIdScheme="http://www.abc.com/positionId">TRS-POS-01</positionId>
      <reportingRoles>
         <baseParty href="party2"/>
         <positionProvider href="party1"/>
      </reportingRoles>
      <constituent>
         <trade id="trs-eq1-trade">
            <tradeHeader>
               <partyTradeIdentifier>
                  <partyReference href="party1"/>
                  <tradeId tradeIdScheme="http://www.abc.com/swaps/trade-id">TRS-01</tradeId>
               </partyTradeIdentifier>
               <partyTradeIdentifier>
                  <partyReference href="party2"/>
                  <tradeId tradeIdScheme="http://www.hedgeco.com/swaps/trade-id">total-ret-swap-01</tradeId>
               </partyTradeIdentifier>
               <tradeDate id="trs-eq1-TradeDate">2004-10-10Z</tradeDate>
            </tradeHeader>
            <returnSwap>
               <productType productTypeScheme="http://www.datastandardsworkinggroup.org/products-1-0">TRS-Equity-Single-EarlyTerm</productType>
               <buyerPartyReference href="party1"/>
               <sellerPartyReference href="party2"/>
               <returnLeg legIdentifier="trs-eq1-equityLeg">
                  <payerPartyReference href="party1"/>
                  <receiverPartyReference href="party2"/>
                  <paymentFrequency>
                     <periodMultiplier>3</periodMultiplier>
                     <period>M</period>
                  </paymentFrequency>
                  <effectiveDate id="trs-eq1-EffectiveDate">
                     <adjustableDate>
                        <unadjustedDate>2004-10-12Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>NONE</businessDayConvention>
                        </dateAdjustments>
                     </adjustableDate>
                  </effectiveDate>
                  <terminationDate id="trs-eq1-TerminationDate">
                     <adjustableDate>
                        <unadjustedDate>2006-10-12Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>NONE</businessDayConvention>
                        </dateAdjustments>
                     </adjustableDate>
                  </terminationDate>
                  <underlyer>
                     <singleUnderlyer>
                        <equity id="trs-eq1-equity-asset">
                           <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-CUSIP-1-0">SHPGY.O</instrumentId>
                           <description>Shire Pharmeceuticals Group - American Depositary Receipts</description>
                           <currency>EUR</currency>
                           <exchangeId exchangeIdScheme="http://www.fpml.org/schemes/4.1/exchangeId">NASDAQ</exchangeId>
                        </equity>
                        <openUnits>760400</openUnits>
                        <dividendPayout>
                           <dividendPayoutRatio>0.85</dividendPayoutRatio>
                           <dividendPayment>
                              <paymentDate>2004-01-01Z</paymentDate>
                              <amount>
                                 <currency>USD</currency>
                                 <amount>123456.00</amount>
                              </amount>
                              <accruedInterest>
                                 <currency>USD</currency>
                                 <amount>123.00</amount>
                              </accruedInterest>
                           </dividendPayment>
                        </dividendPayout><!--
                                                                <underlyerPrice>
                                                                        <netPrice>
                                                                                <currency>EUR</currency>
                                                                                <amount>19785157.16</amount>
                                                                                <priceExpression>AbsoluteTerms</priceExpression>
                                                                        </netPrice>
                                                                        <accruedInterestPrice>1234.56</accruedInterestPrice>
                                                                        <quotationCharacteristics>
                                                                                <side>Mid</side>
                                                                                <currency>USD</currency>
                                                                                <timing>Close</timing>
                                                                        </quotationCharacteristics>
                                                                </underlyerPrice>
                                                                        -->
                        <couponPayment>
                           <paymentDate>2004-01-01Z</paymentDate>
                           <amount>
                              <currency>USD</currency>
                              <amount>123456.00</amount>
                           </amount>
                           <accruedInterest>
                              <currency>USD</currency>
                              <amount>123.00</amount>
                           </accruedInterest>
                        </couponPayment>
                     </singleUnderlyer>
                  </underlyer>
                  <rateOfReturn>
                     <initialPrice>
                        <commission>
                           <commissionDenomination>BPS</commissionDenomination>
                           <commissionAmount>60</commissionAmount>
                           <commissionPerTrade>1234</commissionPerTrade>
                        </commission>
                        <netPrice>
                           <currency>USD</currency>
                           <amount>37.44</amount>
                           <priceExpression>AbsoluteTerms</priceExpression>
                        </netPrice>
                     </initialPrice>
                     <notionalReset>true</notionalReset>
                     <valuationPriceInterim>
                        <commission>
                           <commissionDenomination>BPS</commissionDenomination>
                           <commissionAmount>60</commissionAmount>
                           <commissionPerTrade>1234</commissionPerTrade>
                        </commission>
                        <determinationMethod>ValuationTime</determinationMethod>
                        <valuationRules>
                           <valuationDates id="trs-eq1-InterimValuationDate">
                              <adjustableDates>
                                 <unadjustedDate>2004-10-12Z</unadjustedDate>
                                 <unadjustedDate>2004-11-13Z</unadjustedDate>
                                 <unadjustedDate>2004-12-12Z</unadjustedDate>
                                 <unadjustedDate>2005-01-14Z</unadjustedDate>
                                 <unadjustedDate>2005-02-12Z</unadjustedDate>
                                 <unadjustedDate>2005-03-12Z</unadjustedDate>
                                 <unadjustedDate>2005-04-12Z</unadjustedDate>
                                 <unadjustedDate>2005-05-13Z</unadjustedDate>
                                 <unadjustedDate>2005-06-12Z</unadjustedDate>
                                 <unadjustedDate>2005-07-12Z</unadjustedDate>
                                 <unadjustedDate>2005-08-12Z</unadjustedDate>
                                 <dateAdjustments>
                                    <businessDayConvention>NotApplicable</businessDayConvention>
                                 </dateAdjustments>
                              </adjustableDates>
                           </valuationDates>
                           <valuationTimeType>Close</valuationTimeType>
                        </valuationRules>
                     </valuationPriceInterim>
                     <valuationPriceFinal>
                        <commission>
                           <commissionDenomination>BPS</commissionDenomination>
                           <commissionAmount>60</commissionAmount>
                           <commissionPerTrade>1234</commissionPerTrade>
                        </commission>
                        <determinationMethod>HedgeUnwind</determinationMethod>
                        <valuationRules>
                           <valuationDate id="trs-eq1-FinalValuationDate">
                              <adjustableDate>
                                 <unadjustedDate>2005-09-24Z</unadjustedDate>
                                 <dateAdjustments>
                                    <businessDayConvention>NotApplicable</businessDayConvention>
                                 </dateAdjustments>
                              </adjustableDate>
                           </valuationDate>
                        </valuationRules>
                     </valuationPriceFinal>
                     <paymentDates id="trs-eq1-EquityPaymentDate">
                        <paymentDatesInterim id="trs-eq1-InterimEquityPaymentDate">
                           <adjustableDates>
                              <unadjustedDate>2004-10-14Z</unadjustedDate>
                              <unadjustedDate>2005-10-14Z</unadjustedDate>
                              <unadjustedDate>2006-10-14Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>FOLLOWING</businessDayConvention>
                                 <businessCenters>
                                    <businessCenter>EUTA</businessCenter>
                                    <businessCenter>GBLO</businessCenter>
                                 </businessCenters>
                              </dateAdjustments>
                           </adjustableDates>
                        </paymentDatesInterim>
                        <paymentDateFinal id="trs-eq1-FinalEquityPaymentDate">
                           <adjustableDate>
                              <unadjustedDate>2006-10-14Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>FOLLOWING</businessDayConvention>
                                 <businessCenters>
                                    <businessCenter>EUTA</businessCenter>
                                    <businessCenter>GBLO</businessCenter>
                                 </businessCenters>
                              </dateAdjustments>
                           </adjustableDate>
                        </paymentDateFinal>
                     </paymentDates>
                  </rateOfReturn>
                  <notional id="trs-eq1-EquityNotionalAmount">
                     <notionalAmount>
                        <currency>USD</currency>
                        <amount>28469376</amount>
                     </notionalAmount>
                  </notional>
                  <amount>
                     <paymentCurrency id="trs-eq1-EquityPaymentCurrency">
                        <currency>USD</currency>
                     </paymentCurrency>
                     <referenceAmount>ISDA Standard</referenceAmount>
                     <cashSettlement>true</cashSettlement>
                  </amount>
                  <return>
                     <returnType>Total</returnType>
                     <dividendConditions>
                        <dividendReinvestment>false</dividendReinvestment>
                        <dividendEntitlement>ExDate</dividendEntitlement>
                        <dividendAmount>RecordAmount</dividendAmount>
                        <dividendPaymentDate>
                           <dividendDateReference>EquityPaymentDate</dividendDateReference>
                        </dividendPaymentDate>
                        <dividendPeriodEffectiveDate href="trs-eq1-TradeDate"/>
                        <dividendPeriodEndDate href="trs-eq1-TerminationDate"/>
                        <extraOrdinaryDividends href="party1"/>
                        <excessDividendAmount>RecordAmount</excessDividendAmount>
                        <paymentCurrency>
                           <determinationMethod>DividendCurrency</determinationMethod>
                        </paymentCurrency>
                     </dividendConditions>
                  </return><!--The notionalAdjustments element indicates that this is an execution-style swap -->
                  <notionalAdjustments>Execution</notionalAdjustments>
               </returnLeg>
               <interestLeg legIdentifier="trs-eq1-interestLeg">
                  <payerPartyReference href="party2"/>
                  <receiverPartyReference href="party1"/>
                  <paymentFrequency>
                     <periodMultiplier>3</periodMultiplier>
                     <period>M</period>
                  </paymentFrequency>
                  <interestLegCalculationPeriodDates id="trs-eq1-InterestLegPeriodDates">
                     <effectiveDate>
                        <adjustableDate>
                           <unadjustedDate>2004-10-12Z</unadjustedDate>
                           <dateAdjustments>
                              <businessDayConvention>NONE</businessDayConvention>
                           </dateAdjustments>
                        </adjustableDate>
                     </effectiveDate>
                     <terminationDate>
                        <adjustableDate>
                           <unadjustedDate>2004-10-12Z</unadjustedDate>
                           <dateAdjustments>
                              <businessDayConvention>NONE</businessDayConvention>
                           </dateAdjustments>
                        </adjustableDate>
                     </terminationDate>
                     <interestLegResetDates>
                        <calculationPeriodDatesReference href="trs-eq1-InterestLegPeriodDates"/>
                        <resetRelativeTo>CalculationPeriodStartDate</resetRelativeTo>
                     </interestLegResetDates>
                     <interestLegPaymentDates>
                        <adjustableDates>
                           <unadjustedDate>2004-10-12Z</unadjustedDate>
                           <unadjustedDate>2005-10-12Z</unadjustedDate>
                           <unadjustedDate>2006-10-12Z</unadjustedDate>
                           <dateAdjustments>
                              <businessDayConvention>FOLLOWING</businessDayConvention>
                              <businessCenters>
                                 <businessCenter>EUTA</businessCenter>
                                 <businessCenter>GBLO</businessCenter>
                              </businessCenters>
                           </dateAdjustments>
                        </adjustableDates>
                     </interestLegPaymentDates>
                  </interestLegCalculationPeriodDates>
                  <notional>
                     <notionalAmount>
                        <currency>EUR</currency>
                        <amount>19785157.16</amount>
                     </notionalAmount>
                  </notional>
                  <interestAmount>
                     <paymentCurrency href="trs-eq1-EquityPaymentCurrency"/>
                     <referenceAmount>Standard ISDA</referenceAmount>
                  </interestAmount>
                  <interestCalculation>
                     <floatingRateCalculation>
                        <floatingRateIndex>USD-LIBOR-BBA</floatingRateIndex>
                        <indexTenor>
                           <periodMultiplier>1</periodMultiplier>
                           <period>M</period>
                        </indexTenor>
                        <spreadSchedule>
                           <initialValue>0.0020</initialValue>
                        </spreadSchedule>
                     </floatingRateCalculation>
                     <dayCountFraction>ACT/360</dayCountFraction>
                  </interestCalculation>
               </interestLeg>
               <earlyTermination>
                  <partyReference href="party1"/>
                  <startingDate>
                     <adjustableDate>
                        <unadjustedDate>2005-10-12Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>NONE</businessDayConvention>
                        </dateAdjustments>
                     </adjustableDate>
                  </startingDate>
               </earlyTermination>
               <earlyTermination>
                  <partyReference href="party2"/>
                  <startingDate>
                     <adjustableDate>
                        <unadjustedDate>2005-10-12Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>NONE</businessDayConvention>
                        </dateAdjustments>
                     </adjustableDate>
                  </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><!-- end of TRS product -->
            <collateral>
               <independentAmount>
                  <payerPartyReference href="party2"/>
                  <receiverPartyReference href="party1"/>
                  <paymentDetail>
                     <adjustedPaymentDate>2005-01-01Z</adjustedPaymentDate>
                     <paymentAmount>
                        <currency>USD</currency>
                        <amount>1000</amount>
                     </paymentAmount>
                  </paymentDetail>
               </independentAmount>
            </collateral>
         </trade>
      </constituent>
      <scheduledDate>
         <adjustedDate>2004-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousPayment</type>
         <assetReference href="trs-eq1-equityLeg"/>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2005-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousReset</type>
         <assetReference href="trs-eq1-interestLeg"/>
         <associatedValue>
            <objectReference href="trs-eq1-interestLeg"/>
            <quote>
               <value>0.0350</value>
               <measureType>TreatedRate</measureType>
            </quote>
         </associatedValue>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2005-03-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousPayment</type>
         <assetReference href="trs-eq1-interestLeg"/>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2005-06-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">NextPayment</type>
         <assetReference href="trs-eq1-interestLeg"/>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2006-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">FinalPayment</type>
         <assetReference href="trs-eq1-trade"/>
      </scheduledDate>
      <valuation>
         <objectReference href="trs-eq1-equity-asset"/>
         <quote>
            <value>12345.00</value>
            <measureType>RealizedTradingGains</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>InterestOnRealizedGains</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
         <quote>
            <value>19785157.16</value>
            <measureType>DirtyNetCurrentMarketPrice</measureType>
            <side>Mid</side>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
            <timing quoteTimingScheme="http://www.fpml.org/coding-scheme/quote-timing-1-0">Close</timing>
         </quote>
         <quote>
            <value>1234.56</value>
            <measureType>AccruedInterest</measureType>
            <side>Mid</side>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">USD</currency>
            <timing quoteTimingScheme="http://www.fpml.org/coding-scheme/quote-timing-1-0">Close</timing>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="trs-eq1-equityLeg"/>
         <quote>
            <value>12345.00</value>
            <measureType>EquityAccrual</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>RealizedTradingGains</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>InterestOnRealizedGains</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="trs-eq1-interestLeg"/>
         <quote>
            <value>12345.00</value>
            <measureType>AccruedInterest</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>FundingOnRealizedGains</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="trs-eq1-trade"/>
         <quote>
            <value>10000.00</value>
            <measureType>NPVLocalCurrency</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
         <quote>
            <value>12300.00</value>
            <measureType>NPV</measureType>
         </quote>
         <fxRate>
            <quotedCurrencyPair>
               <currency1>USD</currency1>
               <currency2>EUR</currency2>
               <quoteBasis>Currency1PerCurrency2</quoteBasis>
            </quotedCurrencyPair>
            <rate>1.23</rate>
         </fxRate>
      </valuation>
   </position>
   <position>
      <positionId positionIdScheme="http://www.abc.com/positionId">TRS-POS-02</positionId>
      <reportingRoles>
         <baseParty href="party2"/>
         <positionProvider href="party1"/>
      </reportingRoles>
      <constituent>
         <trade id="trs-eqbasket-trade">
            <tradeHeader>
               <partyTradeIdentifier>
                  <partyReference href="party1"/>
                  <tradeId tradeIdScheme="http://www.abc.com/swaps/trade-id">TRS-02</tradeId>
               </partyTradeIdentifier>
               <partyTradeIdentifier>
                  <partyReference href="party2"/>
                  <tradeId tradeIdScheme="http://www.hedgeco.com/swaps/trade-id">total-ret-swap-02</tradeId>
               </partyTradeIdentifier>
               <tradeDate id="trs-eqbasket-TradeDate">2004-12-12Z</tradeDate>
            </tradeHeader>
            <returnSwap>
               <productType productTypeScheme="http://www.datastandardsworkinggroup.org/products-1-0">TRS-Equity-Basket-EarlyTerm</productType>
               <buyerPartyReference href="party2"/>
               <sellerPartyReference href="party1"/>
               <returnLeg legIdentifier="trs-eqbasket-equityLeg">
                  <payerPartyReference href="party2"/>
                  <receiverPartyReference href="party1"/>
                  <paymentFrequency>
                     <periodMultiplier>3</periodMultiplier>
                     <period>M</period>
                  </paymentFrequency>
                  <effectiveDate id="trs-eqbasket-EffectiveDate">
                     <adjustableDate>
                        <unadjustedDate>2004-12-14Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>NONE</businessDayConvention>
                        </dateAdjustments>
                     </adjustableDate>
                  </effectiveDate>
                  <terminationDate id="trs-eqbasket-TerminationDate">
                     <adjustableDate>
                        <unadjustedDate>2004-12-14Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>NONE</businessDayConvention>
                        </dateAdjustments>
                     </adjustableDate>
                  </terminationDate>
                  <underlyer>
                     <basket>
                        <openUnits>1</openUnits>
                        <basketConstituent id="trs-eqbasket-underlyer1">
                           <equity>
                              <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-ISIN-1-0">ISIN_XXXX</instrumentId>
                              <description>Telecom Italia spa</description>
                              <currency>EUR</currency>
                              <exchangeId exchangeIdScheme="http://www.fpml.org/schemes/4-1/exchangeId">Milan Stock Exchange</exchangeId>
                           </equity>
                           <constituentWeight>
                              <openUnits>432000</openUnits>
                           </constituentWeight>
                           <dividendPayout>
                              <dividendPayoutRatio>0.85</dividendPayoutRatio>
                              <dividendPayment>
                                 <paymentDate>2004-01-01Z</paymentDate>
                                 <amount>
                                    <currency>USD</currency>
                                    <amount>123456.00</amount>
                                 </amount>
                                 <accruedInterest>
                                    <currency>USD</currency>
                                    <amount>123.00</amount>
                                 </accruedInterest>
                              </dividendPayment>
                           </dividendPayout>
                           <underlyerPrice>
                              <netPrice>
                                 <currency>EUR</currency>
                                 <amount>19785157.16</amount>
                                 <priceExpression>AbsoluteTerms</priceExpression>
                              </netPrice>
                              <accruedInterestPrice>1234.56</accruedInterestPrice>
                              <quotationCharacteristics>
                                 <side>Mid</side>
                                 <currency>USD</currency>
                                 <timing>Close</timing>
                              </quotationCharacteristics>
                           </underlyerPrice>
                        </basketConstituent>
                        <basketConstituent id="trs-eqbasket-underlyer2">
                           <equity>
                              <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-ISIN-1-0">ISIN_YYYY</instrumentId>
                              <description>Nokya Oyj</description>
                              <currency>EUR</currency>
                              <exchangeId exchangeIdScheme="http://www.fpml.org/schemes/4-1/exchangeId">Helsinki Stock Exchange</exchangeId>
                           </equity>
                           <constituentWeight>
                              <openUnits>227000</openUnits>
                           </constituentWeight>
                           <dividendPayout>
                              <dividendPayoutRatio>0.85</dividendPayoutRatio>
                              <dividendPayment>
                                 <paymentDate>2004-01-01Z</paymentDate>
                                 <amount>
                                    <currency>USD</currency>
                                    <amount>123456.00</amount>
                                 </amount>
                                 <accruedInterest>
                                    <currency>USD</currency>
                                    <amount>123.00</amount>
                                 </accruedInterest>
                              </dividendPayment>
                           </dividendPayout>
                           <underlyerPrice>
                              <netPrice>
                                 <currency>EUR</currency>
                                 <amount>19785157.16</amount>
                                 <priceExpression>AbsoluteTerms</priceExpression>
                              </netPrice>
                              <accruedInterestPrice>1234.56</accruedInterestPrice>
                              <quotationCharacteristics>
                                 <side>Mid</side>
                                 <currency>USD</currency>
                                 <timing>Close</timing>
                              </quotationCharacteristics>
                           </underlyerPrice>
                        </basketConstituent>
                     </basket>
                  </underlyer>
                  <rateOfReturn>
                     <initialPrice>
                        <commission>
                           <commissionDenomination>BPS</commissionDenomination>
                           <commissionAmount>60</commissionAmount>
                           <commissionPerTrade>1234</commissionPerTrade>
                        </commission>
                        <netPrice>
                           <currency>EUR</currency>
                           <amount>19785157.16</amount>
                           <priceExpression>AbsoluteTerms</priceExpression>
                        </netPrice>
                     </initialPrice>
                     <notionalReset>true</notionalReset>
                     <valuationPriceInterim>
                        <commission>
                           <commissionDenomination>BPS</commissionDenomination>
                           <commissionAmount>60</commissionAmount>
                           <commissionPerTrade>1234</commissionPerTrade>
                        </commission>
                        <determinationMethod>ValuationTime</determinationMethod>
                        <valuationRules>
                           <valuationDates id="trs-eqbasket-InterimValuationDate">
                              <adjustableDates>
                                 <unadjustedDate>2004-12-17Z</unadjustedDate>
                                 <dateAdjustments>
                                    <businessDayConvention>NotApplicable</businessDayConvention>
                                 </dateAdjustments>
                              </adjustableDates>
                           </valuationDates>
                           <valuationTimeType>Close</valuationTimeType>
                        </valuationRules>
                     </valuationPriceInterim>
                     <valuationPriceFinal>
                        <commission>
                           <commissionDenomination>BPS</commissionDenomination>
                           <commissionAmount>60</commissionAmount>
                           <commissionPerTrade>1234</commissionPerTrade>
                        </commission>
                        <determinationMethod>HedgeUnwind</determinationMethod>
                        <valuationRules>
                           <valuationDate id="trs-eqbasket-FinalValuationDate">
                              <adjustableDate>
                                 <unadjustedDate>2006-01-17Z</unadjustedDate>
                                 <dateAdjustments>
                                    <businessDayConvention>NotApplicable</businessDayConvention>
                                 </dateAdjustments>
                              </adjustableDate>
                           </valuationDate>
                        </valuationRules>
                     </valuationPriceFinal>
                     <paymentDates id="trs-eqbasket-EquityPaymentDate">
                        <paymentDatesInterim id="trs-eqbasket-InterimEquityPaymentDate">
                           <adjustableDates>
                              <unadjustedDate>2004-12-14Z</unadjustedDate>
                              <unadjustedDate>2005-12-14Z</unadjustedDate>
                              <unadjustedDate>2006-12-14Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>FOLLOWING</businessDayConvention>
                                 <businessCenters>
                                    <businessCenter>EUTA</businessCenter>
                                    <businessCenter>GBLO</businessCenter>
                                 </businessCenters>
                              </dateAdjustments>
                           </adjustableDates>
                        </paymentDatesInterim>
                        <paymentDateFinal id="trs-eqbasket-FinalEquityPaymentDate">
                           <adjustableDate>
                              <unadjustedDate>2006-12-14Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>FOLLOWING</businessDayConvention>
                                 <businessCenters>
                                    <businessCenter>EUTA</businessCenter>
                                    <businessCenter>GBLO</businessCenter>
                                 </businessCenters>
                              </dateAdjustments>
                           </adjustableDate>
                        </paymentDateFinal>
                     </paymentDates>
                  </rateOfReturn>
                  <notional id="trs-eqbasket-EquityNotionalAmount">
                     <notionalAmount>
                        <currency>EUR</currency>
                        <amount>19785157.16</amount>
                     </notionalAmount>
                  </notional>
                  <amount>
                     <paymentCurrency id="trs-eqbasket-EquityPaymentCurrency">
                        <currency>USD</currency>
                     </paymentCurrency>
                     <referenceAmount>ISDA Standard</referenceAmount>
                     <cashSettlement>true</cashSettlement>
                  </amount>
                  <return>
                     <returnType>Total</returnType>
                     <dividendConditions>
                        <dividendReinvestment>false</dividendReinvestment>
                        <dividendEntitlement>ExDate</dividendEntitlement>
                        <dividendAmount>RecordAmount</dividendAmount>
                        <dividendPaymentDate>
                           <dividendDateReference>EquityPaymentDate</dividendDateReference>
                        </dividendPaymentDate>
                        <dividendPeriodEffectiveDate href="trs-eqbasket-TradeDate"/>
                        <dividendPeriodEndDate href="trs-eqbasket-FinalValuationDate"/>
                        <excessDividendAmount>PaidAmount</excessDividendAmount>
                        <paymentCurrency id="trs-eqPaymentCurrency" href="trs-eqbasket-ReferenceCurrency"/>
                     </dividendConditions>
                  </return>
                  <notionalAdjustments>Execution</notionalAdjustments>
                  <fxFeature>
                     <referenceCurrency id="trs-eqbasket-ReferenceCurrency">EUR</referenceCurrency>
                     <composite>
                        <determinationMethod>CalculationAgent</determinationMethod>
                     </composite>
                  </fxFeature>
               </returnLeg>
               <interestLeg legIdentifier="trs-eqbasket-interestLeg">
                  <payerPartyReference href="party1"/>
                  <receiverPartyReference href="party2"/>
                  <paymentFrequency>
                     <periodMultiplier>3</periodMultiplier>
                     <period>M</period>
                  </paymentFrequency>
                  <interestLegCalculationPeriodDates id="trs-eqbasket-InterestLegPeriodDates">
                     <effectiveDate>
                        <adjustableDate>
                           <unadjustedDate>2004-12-14Z</unadjustedDate>
                           <dateAdjustments>
                              <businessDayConvention>NONE</businessDayConvention>
                           </dateAdjustments>
                        </adjustableDate>
                     </effectiveDate>
                     <terminationDate>
                        <adjustableDate>
                           <unadjustedDate>2006-12-14Z</unadjustedDate>
                           <dateAdjustments>
                              <businessDayConvention>NONE</businessDayConvention>
                           </dateAdjustments>
                        </adjustableDate>
                     </terminationDate>
                     <interestLegResetDates>
                        <calculationPeriodDatesReference href="trs-eqbasket-InterestLegPeriodDates"/>
                        <resetRelativeTo>CalculationPeriodStartDate</resetRelativeTo>
                     </interestLegResetDates>
                     <interestLegPaymentDates>
                        <adjustableDates>
                           <unadjustedDate>2004-12-14Z</unadjustedDate>
                           <unadjustedDate>2005-12-14Z</unadjustedDate>
                           <unadjustedDate>2006-12-14Z</unadjustedDate>
                           <dateAdjustments>
                              <businessDayConvention>FOLLOWING</businessDayConvention>
                              <businessCenters>
                                 <businessCenter>EUTA</businessCenter>
                                 <businessCenter>GBLO</businessCenter>
                              </businessCenters>
                           </dateAdjustments>
                        </adjustableDates>
                     </interestLegPaymentDates>
                  </interestLegCalculationPeriodDates>
                  <notional>
                     <notionalAmount>
                        <currency>EUR</currency>
                        <amount>19785157.16</amount>
                     </notionalAmount>
                  </notional>
                  <interestAmount>
                     <paymentCurrency href="trs-eqbasket-ReferenceCurrency"/>
                     <referenceAmount>Standard ISDA</referenceAmount>
                  </interestAmount>
                  <interestCalculation>
                     <floatingRateCalculation>
                        <floatingRateIndex>EUR-EURIBOR-Telerate</floatingRateIndex>
                        <indexTenor>
                           <periodMultiplier>3</periodMultiplier>
                           <period>M</period>
                        </indexTenor>
                        <spreadSchedule>
                           <initialValue>0.0050</initialValue>
                        </spreadSchedule>
                     </floatingRateCalculation>
                     <dayCountFraction>ACT/360</dayCountFraction>
                  </interestCalculation>
               </interestLeg>
               <earlyTermination>
                  <partyReference href="party2"/>
                  <startingDate>
                     <adjustableDate>
                        <unadjustedDate>2004-12-14Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>NONE</businessDayConvention>
                        </dateAdjustments>
                     </adjustableDate>
                  </startingDate>
               </earlyTermination>
               <earlyTermination>
                  <partyReference href="party1"/>
                  <startingDate>
                     <adjustableDate>
                        <unadjustedDate>2004-12-14Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>NONE</businessDayConvention>
                        </dateAdjustments>
                     </adjustableDate>
                  </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="party2"/>
                  </additionalDisruptionEvents>
                  <representations>
                     <nonReliance>true</nonReliance>
                     <agreementsRegardingHedging>true</agreementsRegardingHedging>
                     <additionalAcknowledgements>true</additionalAcknowledgements>
                  </representations>
                  <nationalisationOrInsolvency>CancellationAndPayment</nationalisationOrInsolvency>
               </extraordinaryEvents>
            </returnSwap>
            <collateral>
               <independentAmount>
                  <payerPartyReference href="party2"/>
                  <receiverPartyReference href="party1"/>
                  <paymentDetail>
                     <adjustedPaymentDate>2004-01-01Z</adjustedPaymentDate>
                     <paymentAmount>
                        <currency>USD</currency>
                        <amount>1000</amount>
                     </paymentAmount>
                  </paymentDetail>
               </independentAmount>
            </collateral>
         </trade>
      </constituent>
      <scheduledDate>
         <adjustedDate>2004-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousPayment</type>
         <assetReference href="trs-eqbasket-equityLeg"/>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2005-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousReset</type>
         <assetReference href="trs-eqbasket-interestLeg"/>
         <associatedValue>
            <objectReference href="trs-eqbasket-interestLeg"/>
            <quote>
               <value>0.0350</value>
               <measureType>TreatedRate</measureType>
            </quote>
         </associatedValue>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2005-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousPayment</type>
         <assetReference href="trs-eqbasket-interestLeg"/>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2006-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">FinalPayment</type>
         <assetReference href="trs-eqbasket-trade"/>
      </scheduledDate>
      <valuation>
         <objectReference href="trs-eqbasket-underlyer1"/>
         <quote>
            <value>12345.00</value>
            <measureType>RealizedTradingGains</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>InterestOnRealizedGains</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>InterestOnRealizedGains</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
         <quote>
            <value>19785157.16</value>
            <measureType>DirtyNetCurrentMarketPrice</measureType>
            <side>Mid</side>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
            <timing quoteTimingScheme="http://www.fpml.org/coding-scheme/quote-timing-1-0">Close</timing>
         </quote>
         <quote>
            <value>1234.56</value>
            <measureType>AccruedInterest</measureType>
            <side>Mid</side>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">USD</currency>
            <timing quoteTimingScheme="http://www.fpml.org/coding-scheme/quote-timing-1-0">Close</timing>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="trs-eqbasket-underlyer2"/>
         <quote>
            <value>12345.00</value>
            <measureType>RealizedTradingGains</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>InterestOnRealizedGains</measureType>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
         </quote>
         <quote>
            <value>19785157.16</value>
            <measureType>DirtyNetCurrentMarketPrice</measureType>
            <side>Mid</side>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
            <timing quoteTimingScheme="http://www.fpml.org/coding-scheme/quote-timing-1-0">Close</timing>
         </quote>
         <quote>
            <value>1234.56</value>
            <measureType>AccruedInterest</measureType>
            <side>Mid</side>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">USD</currency>
            <timing quoteTimingScheme="http://www.fpml.org/coding-scheme/quote-timing-1-0">Close</timing>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="trs-eqbasket-equityLeg"/>
         <quote>
            <value>12345.00</value>
            <measureType>EquityAccrual</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>RealizedTradingGains</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>InterestOnRealizedGains</measureType>
            <currency>EUR</currency>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="trs-eqbasket-interestLeg"/>
         <quote>
            <value>12345.00</value>
            <measureType>AccruedInterest</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>FundingOnRealizedGains</measureType>
            <currency>EUR</currency>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="trs-eqbasket-trade"/>
         <quote>
            <value>10000.00</value>
            <measureType>NPVLocalCurrency</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12300.00</value>
            <measureType>NPV</measureType>
         </quote>
         <fxRate>
            <quotedCurrencyPair>
               <currency1>USD</currency1>
               <currency2>EUR</currency2>
               <quoteBasis>Currency1PerCurrency2</quoteBasis>
            </quotedCurrencyPair>
            <rate>1.23</rate>
         </fxRate>
      </valuation>
   </position>
   <position>
      <positionId positionIdScheme="http://www.abc.com/positionId">TRS-POS-03</positionId>
      <reportingRoles>
         <baseParty href="party2"/>
         <positionProvider href="party1"/>
      </reportingRoles>
      <constituent>
         <trade id="trs-bond1-trade">
            <tradeHeader>
               <partyTradeIdentifier>
                  <partyReference href="party1"/>
                  <tradeId tradeIdScheme="http://www.abc.com/swaps/trade-id">TRS-03</tradeId>
               </partyTradeIdentifier>
               <partyTradeIdentifier>
                  <partyReference href="party2"/>
                  <tradeId tradeIdScheme="http://www.hedgeco.com/swaps/trade-id">total-ret-swap-03</tradeId>
               </partyTradeIdentifier>
               <tradeDate id="trs-bond1-TradeDate">2004-07-17</tradeDate>
            </tradeHeader>
            <returnSwap>
               <productType productTypeScheme="http://www.datastandardsworkinggroup.org/products-1-0">TRS-Credit-Single</productType>
               <buyerPartyReference href="party1"/>
               <sellerPartyReference href="party2"/>
               <returnLeg legIdentifier="trs-bond1-equityLeg">
                  <payerPartyReference href="party2"/>
                  <receiverPartyReference href="party1"/>
                  <paymentFrequency>
                     <periodMultiplier>3</periodMultiplier>
                     <period>M</period>
                  </paymentFrequency>
                  <effectiveDate id="trs-bond1-EffectiveDate">
                     <adjustableDate>
                        <unadjustedDate>2004-07-20Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>NotApplicable</businessDayConvention>
                        </dateAdjustments>
                     </adjustableDate>
                  </effectiveDate>
                  <terminationDate id="trs-bond1-TerminationDate">
                     <adjustableDate>
                        <unadjustedDate>2006-07-20Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>FOLLOWING</businessDayConvention>
                           <businessCenters>
                              <businessCenter>EUTA</businessCenter>
                              <businessCenter>GBLO</businessCenter>
                           </businessCenters>
                        </dateAdjustments>
                     </adjustableDate>
                  </terminationDate>
                  <underlyer>
                     <singleUnderlyer>
                        <bond id="trs-bond1-bond-asset">
                           <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-ISIN-1-0">67812345</instrumentId>
                           <description>Telecom Italia spa</description>
                           <currency>EUR</currency>
                           <exchangeId exchangeIdScheme="http://www.fpml.org/schemes/4.0/exchangeId">Milan Stock Exchange</exchangeId>
                           <parValue>100000</parValue>
                        </bond>
                        <openUnits>4320</openUnits><!-- Currently not supported by FpML
                                                        <underlyerPrice>
                                                                <netPrice>
                                                                        <currency>EUR</currency>
                                                                        <amount>91.46</amount>
                                                                        <priceExpression>AbsoluteTerms</priceExpression>
                                                                </netPrice>
                                                                <accruedInterestPrice>0.23</accruedInterestPrice>
                                                                <cleanNetPrice>91.25</cleanNetPrice>
                                                                <quotationCharacteristics>
                                                                        <side>Mid</side>
                                                                        <currency>USD</currency>
                                                                        <timing>Close</timing>
                                                                </quotationCharacteristics>
                                                        </underlyerPrice>
                                                        -->
                        <couponPayment>
                           <paymentDate>2005-01-01Z</paymentDate>
                           <amount>
                              <currency>USD</currency>
                              <amount>123456.00</amount>
                           </amount>
                           <accruedInterest>
                              <currency>USD</currency>
                              <amount>123.00</amount>
                           </accruedInterest>
                        </couponPayment>
                     </singleUnderlyer>
                  </underlyer>
                  <rateOfReturn>
                     <initialPrice>
                        <commission>
                           <commissionDenomination>BPS</commissionDenomination>
                           <commissionAmount>60</commissionAmount>
                           <commissionPerTrade>1234</commissionPerTrade>
                        </commission>
                        <determinationMethod>CalculationAgent</determinationMethod>
                        <valuationRules>
                           <valuationDate id="trs-bond1-FinalValuationDate">
                              <adjustableDate>
                                 <unadjustedDate>2006-01-17Z</unadjustedDate>
                                 <dateAdjustments>
                                    <businessDayConvention>NotApplicable</businessDayConvention>
                                 </dateAdjustments>
                              </adjustableDate>
                           </valuationDate>
                           <valuationTimeType>Close</valuationTimeType>
                           <valuationTime>
                              <hourMinuteTime>17:32:00</hourMinuteTime>
                              <businessCenter>EUTA</businessCenter>
                           </valuationTime>
                        </valuationRules>
                     </initialPrice>
                     <notionalReset>true</notionalReset>
                     <valuationPriceInterim>
                        <commission>
                           <commissionDenomination>BPS</commissionDenomination>
                           <commissionAmount>60</commissionAmount>
                           <commissionPerTrade>1234</commissionPerTrade>
                        </commission>
                        <determinationMethod>ValuationTime</determinationMethod>
                        <valuationRules>
                           <valuationDates id="trs-bond1-InterimValuationDates">
                              <adjustableDates>
                                 <unadjustedDate>2004-07-26Z</unadjustedDate>
                                 <unadjustedDate>2004-08-28Z</unadjustedDate>
                                 <unadjustedDate>2004-09-26Z</unadjustedDate>
                                 <unadjustedDate>2004-10-27Z</unadjustedDate>
                                 <unadjustedDate>2004-11-28Z</unadjustedDate>
                                 <unadjustedDate>2004-12-26Z</unadjustedDate>
                                 <unadjustedDate>2005-01-29Z</unadjustedDate>
                                 <unadjustedDate>2005-02-26Z</unadjustedDate>
                                 <unadjustedDate>2005-03-26Z</unadjustedDate>
                                 <unadjustedDate>2005-04-28Z</unadjustedDate>
                                 <unadjustedDate>2005-05-28Z</unadjustedDate>
                                 <unadjustedDate>2005-06-26Z</unadjustedDate>
                                 <unadjustedDate>2005-07-29Z</unadjustedDate>
                                 <unadjustedDate>2005-08-27Z</unadjustedDate>
                                 <unadjustedDate>2005-09-26Z</unadjustedDate>
                                 <unadjustedDate>2005-10-29Z</unadjustedDate>
                                 <unadjustedDate>2005-11-26Z</unadjustedDate>
                                 <unadjustedDate>2005-12-29Z</unadjustedDate>
                                 <unadjustedDate>2006-01-28Z</unadjustedDate>
                                 <unadjustedDate>2006-02-25Z</unadjustedDate>
                                 <unadjustedDate>2006-03-26Z</unadjustedDate>
                                 <unadjustedDate>2006-04-28Z</unadjustedDate>
                                 <unadjustedDate>2006-05-27Z</unadjustedDate>
                                 <unadjustedDate>2006-06-28Z</unadjustedDate>
                                 <dateAdjustments>
                                    <businessDayConvention>NotApplicable</businessDayConvention>
                                 </dateAdjustments>
                              </adjustableDates>
                           </valuationDates>
                           <valuationTimeType>Close</valuationTimeType>
                        </valuationRules>
                     </valuationPriceInterim>
                     <valuationPriceFinal>
                        <commission>
                           <commissionDenomination>BPS</commissionDenomination>
                           <commissionAmount>60</commissionAmount>
                           <commissionPerTrade>1234</commissionPerTrade>
                        </commission>
                        <determinationMethod>HedgeUnwind</determinationMethod>
                        <valuationRules>
                           <valuationDate>
                              <adjustableDate>
                                 <unadjustedDate>2006-07-15Z</unadjustedDate>
                                 <dateAdjustments>
                                    <businessDayConvention>NotApplicable</businessDayConvention>
                                 </dateAdjustments>
                              </adjustableDate>
                           </valuationDate>
                        </valuationRules>
                     </valuationPriceFinal>
                     <paymentDates id="trs-bond1-EquityPaymentDate">
                        <paymentDatesInterim id="trs-bond1-InterimEquityPaymentDate">
                           <adjustableDates>
                              <unadjustedDate>2004-12-14Z</unadjustedDate>
                              <unadjustedDate>2005-12-14Z</unadjustedDate>
                              <unadjustedDate>2006-12-14Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>FOLLOWING</businessDayConvention>
                                 <businessCenters>
                                    <businessCenter>EUTA</businessCenter>
                                    <businessCenter>GBLO</businessCenter>
                                 </businessCenters>
                              </dateAdjustments>
                           </adjustableDates>
                        </paymentDatesInterim>
                        <paymentDateFinal id="trs-bond1-FinalEquityPaymentDate">
                           <adjustableDate>
                              <unadjustedDate>2006-12-14Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>FOLLOWING</businessDayConvention>
                                 <businessCenters>
                                    <businessCenter>EUTA</businessCenter>
                                    <businessCenter>GBLO</businessCenter>
                                 </businessCenters>
                              </dateAdjustments>
                           </adjustableDate>
                        </paymentDateFinal>
                     </paymentDates>
                  </rateOfReturn>
                  <notional id="trs-bond1-EquityNotionalAmount">
                     <notionalAmount>
                        <currency>EUR</currency>
                        <amount>10500000.00</amount>
                     </notionalAmount>
                  </notional>
                  <amount>
                     <paymentCurrency id="trs-bond1-EquityPaymentCurrency">
                        <currency>EUR</currency>
                     </paymentCurrency>
                     <referenceAmount>ISDA Standard</referenceAmount>
                     <cashSettlement>false</cashSettlement>
                  </amount>
                  <return>
                     <returnType>Total</returnType>
                  </return>
                  <notionalAdjustments>Execution</notionalAdjustments>
                  <fxFeature>
                     <referenceCurrency id="trs-bond1-ReferenceCurrency">EUR</referenceCurrency>
                     <composite>
                        <determinationMethod>CalculationAgent</determinationMethod>
                     </composite>
                  </fxFeature>
               </returnLeg>
               <interestLeg legIdentifier="trs-bond1-interestLeg">
                  <payerPartyReference href="party1"/>
                  <receiverPartyReference href="party2"/>
                  <paymentFrequency>
                     <periodMultiplier>3</periodMultiplier>
                     <period>M</period>
                  </paymentFrequency>
                  <interestLegCalculationPeriodDates id="trs-bond1-InterestLegPeriodDates">
                     <effectiveDate>
                        <adjustableDate>
                           <unadjustedDate>2004-07-20Z</unadjustedDate>
                           <dateAdjustments>
                              <businessDayConvention>NotApplicable</businessDayConvention>
                           </dateAdjustments>
                        </adjustableDate>
                     </effectiveDate>
                     <terminationDate>
                        <adjustableDate>
                           <unadjustedDate>2006-07-20Z</unadjustedDate>
                           <dateAdjustments>
                              <businessDayConvention>FOLLOWING</businessDayConvention>
                              <businessCenters>
                                 <businessCenter>EUTA</businessCenter>
                                 <businessCenter>GBLO</businessCenter>
                              </businessCenters>
                           </dateAdjustments>
                        </adjustableDate>
                     </terminationDate>
                     <interestLegResetDates>
                        <calculationPeriodDatesReference href="trs-bond1-InterestLegPeriodDates"/>
                        <resetRelativeTo>CalculationPeriodStartDate</resetRelativeTo>
                     </interestLegResetDates>
                     <interestLegPaymentDates>
                        <adjustableDates>
                           <unadjustedDate>2004-12-14Z</unadjustedDate>
                           <unadjustedDate>2005-12-14Z</unadjustedDate>
                           <unadjustedDate>2006-12-14Z</unadjustedDate>
                           <dateAdjustments>
                              <businessDayConvention>FOLLOWING</businessDayConvention>
                              <businessCenters>
                                 <businessCenter>EUTA</businessCenter>
                                 <businessCenter>GBLO</businessCenter>
                              </businessCenters>
                           </dateAdjustments>
                        </adjustableDates>
                     </interestLegPaymentDates>
                  </interestLegCalculationPeriodDates>
                  <notional>
                     <notionalAmount>
                        <currency>EUR</currency>
                        <amount>10500000.00</amount>
                     </notionalAmount>
                  </notional>
                  <interestAmount>
                     <paymentCurrency href="trs-bond1-ReferenceCurrency"/>
                     <referenceAmount>Standard ISDA</referenceAmount>
                  </interestAmount>
                  <interestCalculation>
                     <floatingRateCalculation>
                        <floatingRateIndex>EUR-EURIBOR-Telerate</floatingRateIndex>
                        <indexTenor>
                           <periodMultiplier>3</periodMultiplier>
                           <period>M</period>
                        </indexTenor>
                        <spreadSchedule>
                           <initialValue>0.0050</initialValue>
                        </spreadSchedule>
                     </floatingRateCalculation>
                     <dayCountFraction>ACT/365.FIXED</dayCountFraction>
                  </interestCalculation>
                  <stubCalculationPeriod>
                     <initialStub>
                        <stubRate>0.02125</stubRate>
                        <stubStartDate>
                           <adjustableDate>
                              <unadjustedDate>2004-07-20Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>NotApplicable</businessDayConvention>
                              </dateAdjustments>
                           </adjustableDate>
                        </stubStartDate>
                        <stubEndDate>
                           <adjustableDate>
                              <unadjustedDate>2004-08-01Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>NotApplicable</businessDayConvention>
                              </dateAdjustments>
                           </adjustableDate>
                        </stubEndDate>
                     </initialStub>
                     <finalStub>
                        <floatingRate>
                           <floatingRateIndex>EUR-EURIBOR-Telerate</floatingRateIndex>
                           <indexTenor>
                              <periodMultiplier>1</periodMultiplier>
                              <period>W</period>
                           </indexTenor>
                           <spreadSchedule>
                              <initialValue>0.0050</initialValue>
                           </spreadSchedule>
                        </floatingRate>
                        <stubStartDate>
                           <adjustableDate>
                              <unadjustedDate>2006-07-01Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>NotApplicable</businessDayConvention>
                              </dateAdjustments>
                           </adjustableDate>
                        </stubStartDate>
                        <stubEndDate>
                           <adjustableDate>
                              <unadjustedDate>2006-07-20Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>FOLLOWING</businessDayConvention>
                                 <businessCenters>
                                    <businessCenter>EUTA</businessCenter>
                                    <businessCenter>GBLO</businessCenter>
                                 </businessCenters>
                              </dateAdjustments>
                           </adjustableDate>
                        </stubEndDate>
                     </finalStub>
                  </stubCalculationPeriod>
               </interestLeg>
               <extraordinaryEvents>
                  <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>
               </extraordinaryEvents>
            </returnSwap><!-- end of TRS product -->
            <collateral>
               <independentAmount>
                  <payerPartyReference href="party2"/>
                  <receiverPartyReference href="party1"/>
                  <paymentDetail>
                     <adjustedPaymentDate>2006-01-01Z</adjustedPaymentDate>
                     <paymentAmount>
                        <currency>USD</currency>
                        <amount>1000</amount>
                     </paymentAmount>
                  </paymentDetail>
               </independentAmount>
            </collateral>
         </trade>
      </constituent>
      <scheduledDate>
         <adjustedDate>2004-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousPayment</type>
         <assetReference href="trs-bond1-equityLeg"/>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2005-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousReset</type>
         <assetReference href="trs-bond1-interestLeg"/>
         <associatedValue>
            <objectReference href="trs-bond1-interestLeg"/>
            <quote>
               <value>0.0350</value>
               <measureType>TreatedRate</measureType>
            </quote>
         </associatedValue>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2004-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousPayment</type>
         <assetReference href="trs-bond1-interestLeg"/>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2006-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">FinalPayment</type>
         <assetReference href="trs-bond1-trade"/>
      </scheduledDate>
      <valuation>
         <objectReference href="trs-bond1-bond-asset"/>
         <quote>
            <value>12345.00</value>
            <measureType>RealizedTradingGains</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>InterestOnRealizedGains</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>3967056.00</value>
            <measureType>CashEquivalent</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>91.83</value>
            <measureType>DirtyNetCurrentMarketPrice</measureType>
            <side>Mid</side>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
            <timing quoteTimingScheme="http://www.fpml.org/coding-scheme/quote-timing-1-0">Close</timing>
         </quote>
         <quote>
            <value>91.50</value>
            <measureType>CleanNetCurrentMarketPrice</measureType>
            <side>Mid</side>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
            <timing quoteTimingScheme="http://www.fpml.org/coding-scheme/quote-timing-1-0">Close</timing>
         </quote>
         <quote>
            <value>0.23</value>
            <measureType>AccruedInterest</measureType>
            <side>Mid</side>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">USD</currency>
            <timing quoteTimingScheme="http://www.fpml.org/coding-scheme/quote-timing-1-0">Close</timing>
         </quote>
         <quote>
            <value>432000000</value>
            <measureType>NumberOfUnderlyingSecurities</measureType>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="trs-bond1-equityLeg"/>
         <quote>
            <value>12345.00</value>
            <measureType>EquityAccrual</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>RealizedTradingGains</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>InterestOnRealizedGains</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>AccruedCoupon</measureType>
            <currency>EUR</currency>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="trs-bond1-interestLeg"/>
         <quote>
            <value>12345.00</value>
            <measureType>AccruedInterest</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>FundingOnRealizedGains</measureType>
            <currency>EUR</currency>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="trs-bond1-trade"/>
         <quote>
            <value>10000.00</value>
            <measureType>NPVLocalCurrency</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12300.00</value>
            <measureType>NPV</measureType>
         </quote>
         <fxRate>
            <quotedCurrencyPair>
               <currency1>USD</currency1>
               <currency2>EUR</currency2>
               <quoteBasis>Currency1PerCurrency2</quoteBasis>
            </quotedCurrencyPair>
            <rate>1.23</rate>
         </fxRate>
      </valuation>
   </position>
   <position>
      <positionId positionIdScheme="http://www.abc.com/positionId">TRS-POS-04</positionId>
      <reportingRoles>
         <baseParty href="party2"/>
         <positionProvider href="party1"/>
      </reportingRoles>
      <constituent>
         <trade id="trs-bondbasket-trade">
            <tradeHeader>
               <partyTradeIdentifier>
                  <partyReference href="party1"/>
                  <tradeId tradeIdScheme="http://www.abc.com/swaps/trade-id">TRS-04</tradeId>
               </partyTradeIdentifier>
               <partyTradeIdentifier>
                  <partyReference href="party2"/>
                  <tradeId tradeIdScheme="http://www.hedgeco.com/swaps/trade-id">total-ret-swap-04</tradeId>
               </partyTradeIdentifier>
               <tradeDate id="trs-bondbasket-TradeDate">2004-07-17Z</tradeDate>
            </tradeHeader>
            <returnSwap>
               <productType productTypeScheme="http://www.datastandardsworkinggroup.org/products-1-0">TRS-Hybrid-Basket</productType>
               <buyerPartyReference href="party1"/>
               <sellerPartyReference href="party2"/>
               <returnLeg legIdentifier="trs-bondbasket-equityLeg">
                  <payerPartyReference href="party2"/>
                  <receiverPartyReference href="party1"/>
                  <paymentFrequency>
                     <periodMultiplier>3</periodMultiplier>
                     <period>M</period>
                  </paymentFrequency>
                  <effectiveDate id="trs-bondbasket-EffectiveDate">
                     <adjustableDate>
                        <unadjustedDate>2004-07-20Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>NotApplicable</businessDayConvention>
                        </dateAdjustments>
                     </adjustableDate>
                  </effectiveDate>
                  <terminationDate id="trs-bondbasket-TerminationDate">
                     <adjustableDate>
                        <unadjustedDate>2006-07-20Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>FOLLOWING</businessDayConvention>
                           <businessCenters>
                              <businessCenter>EUTA</businessCenter>
                              <businessCenter>GBLO</businessCenter>
                           </businessCenters>
                        </dateAdjustments>
                     </adjustableDate>
                  </terminationDate>
                  <underlyer>
                     <basket>
                        <openUnits>1</openUnits>
                        <basketConstituent>
                           <bond id="trs-bondbasket-bond-asset">
                              <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-ISIN-1-0">67812345</instrumentId>
                              <description>Telecom Italia spa</description>
                              <currency>EUR</currency>
                              <exchangeId exchangeIdScheme="http://www.fpml.org/schemes/4.0/exchangeId">Milan Stock Exchange</exchangeId>
                              <parValue>100000</parValue>
                           </bond>
                           <constituentWeight>
                              <openUnits>4320</openUnits>
                           </constituentWeight>
                           <underlyerPrice>
                              <netPrice>
                                 <currency>EUR</currency>
                                 <amount>91.46</amount>
                                 <priceExpression>AbsoluteTerms</priceExpression>
                              </netPrice>
                              <accruedInterestPrice>0.23</accruedInterestPrice>
                              <cleanNetPrice>91.25</cleanNetPrice>
                              <quotationCharacteristics>
                                 <side>Mid</side>
                                 <currency>USD</currency>
                                 <timing>Close</timing>
                              </quotationCharacteristics>
                           </underlyerPrice>
                           <couponPayment>
                              <paymentDate>2005-01-01Z</paymentDate>
                              <amount>
                                 <currency>USD</currency>
                                 <amount>123456.00</amount>
                              </amount>
                              <accruedInterest>
                                 <currency>USD</currency>
                                 <amount>123.00</amount>
                              </accruedInterest>
                           </couponPayment>
                        </basketConstituent>
                        <basketConstituent>
                           <convertibleBond id="trs-bondbasket-convertibleBond-asset">
                              <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-ISIN-1-0">56781234</instrumentId>
                              <description>Nokya Oyj</description>
                              <currency>EUR</currency>
                              <exchangeId exchangeIdScheme="http://www.fpml.org/schemes/4.0/exchangeId">Helsinki Stock Exchange</exchangeId>
                              <parValue>100000</parValue>
                              <underlyingEquity xsi:type="EquityAsset">
                                 <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-ISIN-1-0">ISIN_YYYY</instrumentId>
                                 <description>Nokya Oyj</description>
                                 <currency>EUR</currency>
                                 <exchangeId exchangeIdScheme="http://www.fpml.org/schemes/4-1/exchangeId">Helsinki Stock Exchange</exchangeId>
                              </underlyingEquity>
                           </convertibleBond>
                           <constituentWeight>
                              <openUnits>2270</openUnits>
                           </constituentWeight>
                           <underlyerPrice>
                              <netPrice>
                                 <currency>EUR</currency>
                                 <amount>91.46</amount>
                                 <priceExpression>AbsoluteTerms</priceExpression>
                              </netPrice>
                              <accruedInterestPrice>0.23</accruedInterestPrice>
                              <cleanNetPrice>91.25</cleanNetPrice>
                              <quotationCharacteristics>
                                 <side>Mid</side>
                                 <currency>USD</currency>
                                 <timing>Close</timing>
                              </quotationCharacteristics>
                           </underlyerPrice>
                           <couponPayment>
                              <paymentDate>2005-01-01Z</paymentDate>
                              <amount>
                                 <currency>USD</currency>
                                 <amount>123456.00</amount>
                              </amount>
                              <accruedInterest>
                                 <currency>USD</currency>
                                 <amount>123.00</amount>
                              </accruedInterest>
                           </couponPayment>
                        </basketConstituent>
                     </basket>
                  </underlyer>
                  <rateOfReturn>
                     <initialPrice>
                        <commission>
                           <commissionDenomination>BPS</commissionDenomination>
                           <commissionAmount>60</commissionAmount>
                           <commissionPerTrade>1234</commissionPerTrade>
                        </commission>
                        <determinationMethod>CalculationAgent</determinationMethod>
                        <valuationRules>
                           <valuationDate>
                              <adjustableDate>
                                 <unadjustedDate>2006-07-15Z</unadjustedDate>
                                 <dateAdjustments>
                                    <businessDayConvention>NotApplicable</businessDayConvention>
                                 </dateAdjustments>
                              </adjustableDate>
                           </valuationDate>
                           <valuationTimeType>Close</valuationTimeType>
                           <valuationTime>
                              <hourMinuteTime>17:32:00</hourMinuteTime>
                              <businessCenter>EUTA</businessCenter>
                           </valuationTime>
                        </valuationRules>
                     </initialPrice>
                     <notionalReset>true</notionalReset>
                     <valuationPriceInterim>
                        <commission>
                           <commissionDenomination>BPS</commissionDenomination>
                           <commissionAmount>60</commissionAmount>
                           <commissionPerTrade>1234</commissionPerTrade>
                        </commission>
                        <determinationMethod>ValuationTime</determinationMethod>
                        <valuationRules>
                           <valuationDates id="trs-bondbasket-InterimValuationDates">
                              <adjustableDates>
                                 <unadjustedDate>2004-07-26Z</unadjustedDate>
                                 <unadjustedDate>2004-08-28Z</unadjustedDate>
                                 <unadjustedDate>2004-09-26Z</unadjustedDate>
                                 <unadjustedDate>2004-10-27Z</unadjustedDate>
                                 <unadjustedDate>2004-11-28Z</unadjustedDate>
                                 <unadjustedDate>2004-12-26Z</unadjustedDate>
                                 <unadjustedDate>2005-01-29Z</unadjustedDate>
                                 <unadjustedDate>2005-02-26Z</unadjustedDate>
                                 <unadjustedDate>2005-03-26Z</unadjustedDate>
                                 <unadjustedDate>2005-04-28Z</unadjustedDate>
                                 <unadjustedDate>2005-05-28Z</unadjustedDate>
                                 <unadjustedDate>2005-06-26Z</unadjustedDate>
                                 <unadjustedDate>2005-07-29Z</unadjustedDate>
                                 <unadjustedDate>2005-08-27Z</unadjustedDate>
                                 <unadjustedDate>2005-09-26Z</unadjustedDate>
                                 <unadjustedDate>2005-10-29Z</unadjustedDate>
                                 <unadjustedDate>2005-11-26Z</unadjustedDate>
                                 <unadjustedDate>2005-12-29Z</unadjustedDate>
                                 <unadjustedDate>2006-01-28Z</unadjustedDate>
                                 <unadjustedDate>2006-02-25Z</unadjustedDate>
                                 <unadjustedDate>2006-03-26Z</unadjustedDate>
                                 <unadjustedDate>2006-04-28Z</unadjustedDate>
                                 <unadjustedDate>2006-05-27Z</unadjustedDate>
                                 <unadjustedDate>2006-06-28Z</unadjustedDate>
                                 <dateAdjustments>
                                    <businessDayConvention>NotApplicable</businessDayConvention>
                                 </dateAdjustments>
                              </adjustableDates>
                           </valuationDates>
                           <valuationTimeType>Close</valuationTimeType>
                        </valuationRules>
                     </valuationPriceInterim>
                     <valuationPriceFinal>
                        <commission>
                           <commissionDenomination>BPS</commissionDenomination>
                           <commissionAmount>60</commissionAmount>
                           <commissionPerTrade>1234</commissionPerTrade>
                        </commission>
                        <determinationMethod>HedgeUnwind</determinationMethod>
                        <valuationRules id="trs-bondbasket-FinalValuationDate">
                           <valuationDate>
                              <adjustableDate>
                                 <unadjustedDate>2006-07-15Z</unadjustedDate>
                                 <dateAdjustments>
                                    <businessDayConvention>NotApplicable</businessDayConvention>
                                 </dateAdjustments>
                              </adjustableDate>
                           </valuationDate>
                        </valuationRules>
                     </valuationPriceFinal>
                     <paymentDates id="trs-bondbasket-EquityPaymentDate">
                        <paymentDatesInterim id="trs-bondbasket-InterimEquityPaymentDate">
                           <adjustableDates>
                              <unadjustedDate>2004-12-14Z</unadjustedDate>
                              <unadjustedDate>2005-12-14Z</unadjustedDate>
                              <unadjustedDate>2006-12-14Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>FOLLOWING</businessDayConvention>
                                 <businessCenters>
                                    <businessCenter>EUTA</businessCenter>
                                    <businessCenter>GBLO</businessCenter>
                                 </businessCenters>
                              </dateAdjustments>
                           </adjustableDates>
                        </paymentDatesInterim>
                        <paymentDateFinal id="trs-bondbasket-FinalEquityPaymentDate">
                           <adjustableDate>
                              <unadjustedDate>2006-12-14Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>FOLLOWING</businessDayConvention>
                                 <businessCenters>
                                    <businessCenter>EUTA</businessCenter>
                                    <businessCenter>GBLO</businessCenter>
                                 </businessCenters>
                              </dateAdjustments>
                           </adjustableDate>
                        </paymentDateFinal>
                     </paymentDates>
                  </rateOfReturn>
                  <notional id="trs-bondbasket-EquityNotionalAmount">
                     <notionalAmount>
                        <currency>EUR</currency>
                        <amount>10500000.00</amount>
                     </notionalAmount>
                  </notional>
                  <amount>
                     <paymentCurrency id="trs-bondbasket-EquityPaymentCurrency">
                        <currency>EUR</currency>
                     </paymentCurrency>
                     <referenceAmount>ISDA Standard</referenceAmount>
                     <cashSettlement>false</cashSettlement>
                  </amount>
                  <return>
                     <returnType>Total</returnType>
                  </return>
                  <notionalAdjustments>Execution</notionalAdjustments>
                  <fxFeature>
                     <referenceCurrency id="trs-bondbasket-ReferenceCurrency">EUR</referenceCurrency>
                     <composite>
                        <determinationMethod>CalculationAgent</determinationMethod>
                     </composite>
                  </fxFeature>
               </returnLeg>
               <interestLeg legIdentifier="trs-bondbasket-interestLeg">
                  <payerPartyReference href="party1"/>
                  <receiverPartyReference href="party2"/>
                  <paymentFrequency>
                     <periodMultiplier>3</periodMultiplier>
                     <period>M</period>
                  </paymentFrequency>
                  <interestLegCalculationPeriodDates id="trs-bondbasket-InterestLegPeriodDates">
                     <effectiveDate>
                        <adjustableDate>
                           <unadjustedDate>2004-07-20Z</unadjustedDate>
                           <dateAdjustments>
                              <businessDayConvention>NotApplicable</businessDayConvention>
                           </dateAdjustments>
                        </adjustableDate>
                     </effectiveDate>
                     <terminationDate>
                        <adjustableDate>
                           <unadjustedDate>2006-07-20Z</unadjustedDate>
                           <dateAdjustments>
                              <businessDayConvention>FOLLOWING</businessDayConvention>
                              <businessCenters>
                                 <businessCenter>EUTA</businessCenter>
                                 <businessCenter>GBLO</businessCenter>
                              </businessCenters>
                           </dateAdjustments>
                        </adjustableDate>
                     </terminationDate>
                     <interestLegResetDates>
                        <calculationPeriodDatesReference href="trs-bondbasket-InterestLegPeriodDates"/>
                        <resetRelativeTo>CalculationPeriodStartDate</resetRelativeTo>
                     </interestLegResetDates>
                     <interestLegPaymentDates>
                        <adjustableDates>
                           <unadjustedDate>2004-10-12Z</unadjustedDate>
                           <unadjustedDate>2005-10-12Z</unadjustedDate>
                           <unadjustedDate>2006-10-12Z</unadjustedDate>
                           <dateAdjustments>
                              <businessDayConvention>FOLLOWING</businessDayConvention>
                              <businessCenters>
                                 <businessCenter>EUTA</businessCenter>
                                 <businessCenter>GBLO</businessCenter>
                              </businessCenters>
                           </dateAdjustments>
                        </adjustableDates>
                     </interestLegPaymentDates>
                  </interestLegCalculationPeriodDates>
                  <notional>
                     <notionalAmount>
                        <currency>EUR</currency>
                        <amount>10500000.00</amount>
                     </notionalAmount>
                  </notional>
                  <interestAmount>
                     <paymentCurrency href="trs-bondbasket-ReferenceCurrency"/>
                     <referenceAmount>Standard ISDA</referenceAmount>
                  </interestAmount>
                  <interestCalculation>
                     <floatingRateCalculation>
                        <floatingRateIndex>EUR-EURIBOR-Telerate</floatingRateIndex>
                        <indexTenor>
                           <periodMultiplier>3</periodMultiplier>
                           <period>M</period>
                        </indexTenor>
                        <spreadSchedule>
                           <initialValue>0.0050</initialValue>
                        </spreadSchedule>
                     </floatingRateCalculation>
                     <dayCountFraction>ACT/365.FIXED</dayCountFraction>
                  </interestCalculation>
                  <stubCalculationPeriod>
                     <initialStub>
                        <stubRate>0.02125</stubRate>
                        <stubStartDate>
                           <adjustableDate>
                              <unadjustedDate>2004-07-20Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>NotApplicable</businessDayConvention>
                              </dateAdjustments>
                           </adjustableDate>
                        </stubStartDate>
                        <stubEndDate>
                           <adjustableDate>
                              <unadjustedDate>2004-08-01Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>NotApplicable</businessDayConvention>
                              </dateAdjustments>
                           </adjustableDate>
                        </stubEndDate>
                     </initialStub>
                     <finalStub>
                        <floatingRate>
                           <floatingRateIndex>EUR-EURIBOR-Telerate</floatingRateIndex>
                           <indexTenor>
                              <periodMultiplier>1</periodMultiplier>
                              <period>W</period>
                           </indexTenor>
                           <spreadSchedule>
                              <initialValue>0.0050</initialValue>
                           </spreadSchedule>
                        </floatingRate>
                        <stubStartDate>
                           <adjustableDate>
                              <unadjustedDate>2006-07-01Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>NotApplicable</businessDayConvention>
                              </dateAdjustments>
                           </adjustableDate>
                        </stubStartDate>
                        <stubEndDate>
                           <adjustableDate>
                              <unadjustedDate>2006-07-20Z</unadjustedDate>
                              <dateAdjustments>
                                 <businessDayConvention>FOLLOWING</businessDayConvention>
                                 <businessCenters>
                                    <businessCenter>EUTA</businessCenter>
                                    <businessCenter>GBLO</businessCenter>
                                 </businessCenters>
                              </dateAdjustments>
                           </adjustableDate>
                        </stubEndDate>
                     </finalStub>
                  </stubCalculationPeriod>
               </interestLeg>
               <extraordinaryEvents>
                  <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>
               </extraordinaryEvents>
            </returnSwap><!-- end of TRS product -->
            <collateral>
               <independentAmount>
                  <payerPartyReference href="party2"/>
                  <receiverPartyReference href="party1"/>
                  <paymentDetail>
                     <adjustedPaymentDate>2004-01-01Z</adjustedPaymentDate>
                     <paymentAmount>
                        <currency>USD</currency>
                        <amount>1000</amount>
                     </paymentAmount>
                  </paymentDetail>
               </independentAmount>
            </collateral>
         </trade>
      </constituent>
      <scheduledDate>
         <adjustedDate>2004-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousPayment</type>
         <assetReference href="trs-bondbasket-equityLeg"/>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2005-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousReset</type>
         <assetReference href="trs-bondbasket-interestLeg"/>
         <associatedValue>
            <objectReference href="trs-bondbasket-interestLeg"/>
            <quote>
               <value>0.0350</value>
               <measureType>TreatedRate</measureType>
            </quote>
         </associatedValue>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2004-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">PreviousPayment</type>
         <assetReference href="trs-bondbasket-interestLeg"/>
      </scheduledDate>
      <scheduledDate>
         <adjustedDate>2006-01-01Z</adjustedDate>
         <type scheduledDateTypeScheme="http://www.fpml.org/coding-scheme/scheduled-date-type-1-0">FinalPayment</type>
         <assetReference href="trs-bondbasket-trade"/>
      </scheduledDate>
      <valuation>
         <objectReference href="trs-bondbasket-bond-asset"/>
         <quote>
            <value>12345.00</value>
            <measureType>RealizedTradingGains</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>InterestOnRealizedGains</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>91.83</value>
            <measureType>DirtyNetCurrentMarketPrice</measureType>
            <side>Mid</side>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
            <timing quoteTimingScheme="http://www.fpml.org/coding-scheme/quote-timing-1-0">Close</timing>
         </quote>
         <quote>
            <value>0.23</value>
            <measureType>AccruedInterest</measureType>
            <side>Mid</side>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
            <timing quoteTimingScheme="http://www.fpml.org/coding-scheme/quote-timing-1-0">Close</timing>
         </quote>
         <quote>
            <value>91.50</value>
            <measureType>CleanNetCurrentMarketPrice</measureType>
            <side>Mid</side>
            <currency currencyScheme="http://www.fpml.org/ext/iso4217-2001-08-15">EUR</currency>
            <timing quoteTimingScheme="http://www.fpml.org/coding-scheme/quote-timing-1-0">Close</timing>
         </quote>
         <quote>
            <value>432000000</value>
            <measureType>NumberOfUnderlyingSecurities</measureType>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="trs-bondbasket-convertibleBond-asset"/>
         <quote>
            <value>12345.00</value>
            <measureType>RealizedTradingGains</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>InterestOnRealizedGains</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>91.83</value>
            <measureType>DirtyNetCurrentMarketPrice</measureType>
            <side>Mid</side>
            <currency>EUR</currency>
            <timing>Close</timing>
         </quote>
         <quote>
            <value>91.50</value>
            <measureType>CleanNetCurrentMarketPrice</measureType>
            <side>Mid</side>
            <currency>EUR</currency>
            <timing>Close</timing>
         </quote>
         <quote>
            <value>0.23</value>
            <measureType>AccruedInterest</measureType>
            <side>Mid</side>
            <currency>EUR</currency>
            <timing>Close</timing>
         </quote>
         <quote>
            <value>227000000</value>
            <measureType>NumberOfUnderlyingSecurities</measureType>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="trs-bondbasket-equityLeg"/>
         <quote>
            <value>12345.00</value>
            <measureType>EquityAccrual</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>RealizedTradingGains</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>InterestOnRealizedGains</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>AccruedCoupon</measureType>
            <currency>EUR</currency>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="trs-bondbasket-interestLeg"/>
         <quote>
            <value>12345.00</value>
            <measureType>AccruedInterest</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12345.00</value>
            <measureType>FundingOnRealizedGains</measureType>
            <currency>EUR</currency>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="trs-bondbasket-trade"/>
         <quote>
            <value>10000.00</value>
            <measureType>NPVLocalCurrency</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12300.00</value>
            <measureType>NPV</measureType>
         </quote>
         <fxRate>
            <quotedCurrencyPair>
               <currency1>USD</currency1>
               <currency2>EUR</currency2>
               <quoteBasis>Currency1PerCurrency2</quoteBasis>
            </quotedCurrencyPair>
            <rate>1.23</rate>
         </fxRate>
      </valuation>
   </position>
   <position>
      <positionId positionIdScheme="http://www.abc.com/positionId">CDS-POS-01</positionId>
      <reportingRoles>
         <baseParty href="party2"/>
         <positionProvider href="party1"/>
      </reportingRoles>
      <constituent>
         <trade id="cds-trade">
            <tradeHeader>
               <partyTradeIdentifier>
                  <partyReference href="party1"/>
                  <tradeId tradeIdScheme="http://www.abc.com/swaps/trade-id">CDS01</tradeId>
               </partyTradeIdentifier>
               <partyTradeIdentifier>
                  <partyReference href="party2"/>
                  <tradeId tradeIdScheme="http://www.hedgeco.com/swaps/trade-id">cds-01</tradeId>
               </partyTradeIdentifier>
               <tradeDate>2002-12-02Z</tradeDate>
            </tradeHeader>
            <creditDefaultSwap>
               <productType productTypeScheme="http://www.datastandardsworkinggroup.org/products-1-0">CDS-U</productType>
               <generalTerms>
                  <effectiveDate>
                     <unadjustedDate>2002-12-04Z</unadjustedDate>
                     <dateAdjustments>
                        <businessDayConvention>NONE</businessDayConvention>
                     </dateAdjustments>
                  </effectiveDate>
                  <scheduledTerminationDate>
                     <adjustableDate>
                        <unadjustedDate>2007-09-06Z</unadjustedDate>
                        <dateAdjustments>
                           <businessDayConvention>NONE</businessDayConvention>
                        </dateAdjustments>
                     </adjustableDate>
                  </scheduledTerminationDate>
                  <sellerPartyReference href="party2"/>
                  <buyerPartyReference href="party1"/>
                  <dateAdjustments>
                     <businessDayConvention>FOLLOWING</businessDayConvention>
                     <businessCenters>
                        <businessCenter>GBLO</businessCenter>
                        <businessCenter>USNY</businessCenter>
                     </businessCenters>
                  </dateAdjustments>
                  <referenceInformation>
                     <referenceEntity id="cds-referenceEntity">
                        <entityName>Agrium Inc.</entityName>
                        <entityId entityIdScheme="http://www.fpml.org/spec/2003/entity-id-RED-1-0">008HA7</entityId>
                     </referenceEntity>
                     <referenceObligation>
                        <bond>
                           <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-CUSIP-1-0">008916AB4</instrumentId>
                           <couponRate>0.077</couponRate>
                           <maturity>2017-02-01Z</maturity>
                        </bond>
                        <primaryObligorReference href="cds-referenceEntity"/>
                     </referenceObligation>
                     <allGuarantees>false</allGuarantees>
                     <referencePrice>1.0</referencePrice>
                  </referenceInformation>
               </generalTerms>
               <feeLeg>
                  <initialPayment>
                     <payerPartyReference href="party1"/>
                     <receiverPartyReference href="party2"/>
                     <adjustablePaymentDate>2005-01-01Z</adjustablePaymentDate>
                     <paymentAmount>
                        <currency>EUR</currency>
                        <amount>10000</amount>
                     </paymentAmount>
                  </initialPayment>
                  <periodicPayment>
                     <paymentFrequency>
                        <periodMultiplier>3</periodMultiplier>
                        <period>M</period>
                     </paymentFrequency>
                     <firstPaymentDate>2003-03-06Z</firstPaymentDate>
                     <rollConvention>6</rollConvention>
                     <fixedAmountCalculation>
                        <calculationAmount>
                           <currency>USD</currency>
                           <amount>5000000.0</amount>
                        </calculationAmount>
                        <fixedRate>0.01</fixedRate>
                        <dayCountFraction>ACT/360</dayCountFraction>
                     </fixedAmountCalculation>
                  </periodicPayment>
               </feeLeg>
               <protectionTerms>
                  <calculationAmount id="cds-notional">
                     <currency>USD</currency>
                     <amount>5000000.0</amount>
                  </calculationAmount>
                  <creditEvents>
                     <bankruptcy/>
                     <failureToPay>
                        <paymentRequirement>
                           <currency>USD</currency>
                           <amount>1000000.0</amount>
                        </paymentRequirement>
                     </failureToPay>
                     <restructuring>
                        <restructuringType>ModR</restructuringType>
                        <multipleHolderObligation/>
                        <multipleCreditEventNotices/>
                     </restructuring>
                     <defaultRequirement>
                        <currency>USD</currency>
                        <amount>10000000.0</amount>
                     </defaultRequirement>
                     <creditEventNotice>
                        <notifyingParty>
                           <buyerPartyReference href="party1"/>
                           <sellerPartyReference href="party2"/>
                        </notifyingParty>
                        <publiclyAvailableInformation>
                           <standardPublicSources/>
                           <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/>
                     <specifiedCurrency/>
                     <notContingent/>
                     <assignableLoan/>
                     <consentRequiredLoan/>
                     <transferable/>
                     <maximumMaturity>
                        <periodMultiplier>30</periodMultiplier>
                        <period>Y</period>
                     </maximumMaturity>
                     <notBearer/>
                  </deliverableObligations>
                  <escrow>true</escrow>
               </physicalSettlementTerms>
            </creditDefaultSwap>
            <collateral>
               <independentAmount>
                  <payerPartyReference href="party2"/>
                  <receiverPartyReference href="party1"/>
                  <paymentDetail>
                     <adjustedPaymentDate>2004-01-01Z</adjustedPaymentDate>
                     <paymentRule xsi:type="PercentageRule">
                        <paymentPercent>0.10</paymentPercent>
                        <notionalAmountReference href="cds-notional"/>
                     </paymentRule>
                     <paymentAmount>
                        <currency>USD</currency>
                        <amount>1000</amount>
                     </paymentAmount>
                  </paymentDetail>
               </independentAmount>
            </collateral>
         </trade>
      </constituent>
      <scheduledDate>
         <adjustedDate>2005-03-14Z</adjustedDate>
         <type>FirstPayment</type>
         <assetReference href="cds-trade"/>
      </scheduledDate>
      <valuation>
         <objectReference href="cds-trade"/>
         <quote>
            <value>12345.00</value>
            <measureType>AccruedInterest</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>0.7</value>
            <measureType>RecoveryRate</measureType>
         </quote>
         <quote>
            <value>0.50</value>
            <measureType>CreditSpread</measureType>
         </quote>
      </valuation>
      <valuation>
         <objectReference href="cds-trade"/>
         <quote>
            <value>10000.00</value>
            <measureType>NPVLocalCurrency</measureType>
            <currency>EUR</currency>
         </quote>
         <quote>
            <value>12300.00</value>
            <measureType>NPV</measureType>
         </quote>
         <fxRate>
            <quotedCurrencyPair>
               <currency1>USD</currency1>
               <currency2>EUR</currency2>
               <quoteBasis>Currency1PerCurrency2</quoteBasis>
            </quotedCurrencyPair>
            <rate>1.23</rate>
         </fxRate>
      </valuation>
   </position>
   <party id="party1">
      <partyId/>
      <partyName>ABCD Securities Inc.</partyName>
   </party>
   <party id="party2">
      <partyId>HEGDUS33</partyId>
      <partyName>HedgeCo Capital L.L.C.</partyName>
   </party>
</FpML>