<?xml version="1.0" encoding="UTF-8"?><!--
  == Copyright (c) 2002-2010. All rights reserved.
  == Financial Products Markup Language is subject to the FpML public license.
  == A copy of this license is available at http://www.fpml.org/license/license.html
  -->
<FpML xmlns="http://www.fpml.org/2010/FpML-4-9" xmlns:fpml="http://www.fpml.org/2010/FpML-4-9" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" version="4-9" xsi:type="RequestTradeConfirmation" xsi:schemaLocation="http://www.fpml.org/2010/FpML-4-9 ../fpml-main-4-9.xsd http://www.w3.org/2000/09/xmldsig# ../xmldsig-core-schema.xsd">
   <header>
      <messageId messageIdScheme="http://www.partyA.com/coding-scheme/message-id">2342342</messageId>
      <sentBy>PARTYA</sentBy>
      <sendTo>ABC</sendTo>
      <creationTimestamp>2007-01-05T15:38:00-05:00</creationTimestamp>
   </header>
   <trade>
      <tradeHeader>
         <partyTradeIdentifier>
            <partyReference href="PartyA"/>
            <tradeId tradeIdScheme="http://www.partyA.com/eqd-trade-id">Bond1</tradeId>
         </partyTradeIdentifier>
         <tradeDate>2004-12-24-05:00</tradeDate>
      </tradeHeader>
      <bondOption>
         <buyerPartyReference href="PartyB"/>
         <sellerPartyReference href="PartyA"/>
         <optionType>Call</optionType>
         <americanExercise id="EXERCISE">
            <commencementDate>
               <adjustableDate>
                  <unadjustedDate>2004-12-29-05:00</unadjustedDate>
                  <dateAdjustments>
                     <businessDayConvention>FOLLOWING</businessDayConvention>
                     <businessCenters>
                        <businessCenter>GBLO</businessCenter>
                        <businessCenter>JPTO</businessCenter>
                     </businessCenters>
                  </dateAdjustments>
               </adjustableDate>
            </commencementDate>
            <expirationDate>
               <adjustableDate>
                  <unadjustedDate>2009-06-01-05:00</unadjustedDate>
                  <dateAdjustments>
                     <businessDayConvention>FOLLOWING</businessDayConvention>
                     <businessCenters>
                        <businessCenter>GBLO</businessCenter>
                        <businessCenter>JPTO</businessCenter>
                     </businessCenters>
                  </dateAdjustments>
               </adjustableDate>
            </expirationDate>
            <earliestExerciseTime>
               <hourMinuteTime>09:00:00</hourMinuteTime>
               <businessCenter>GBLO</businessCenter>
            </earliestExerciseTime>
            <expirationTime>
               <hourMinuteTime>16:00:00</hourMinuteTime>
               <businessCenter>GBLO</businessCenter>
            </expirationTime>
            <multipleExercise>
               <integralMultipleAmount>1</integralMultipleAmount>
               <minimumNumberOfOptions>20</minimumNumberOfOptions>
               <maximumNumberOfOptions>200</maximumNumberOfOptions>
            </multipleExercise>
         </americanExercise>
         <exerciseProcedure>
            <manualExercise>
               <exerciseNotice>
                  <partyReference href="PartyA"/>
                  <businessCenter>GBLO</businessCenter>
               </exerciseNotice>
            </manualExercise>
            <followUpConfirmation>true</followUpConfirmation>
            <limitedRightToConfirm>false</limitedRightToConfirm>
            <splitTicket>true</splitTicket>
         </exerciseProcedure>
         <optionEntitlement>10000000</optionEntitlement>
         <entitlementCurrency>JPY</entitlementCurrency>
         <numberOfOptions>200</numberOfOptions>
         <settlementType>Physical</settlementType>
         <settlementDate>
            <relativeDate>
               <periodMultiplier>8</periodMultiplier>
               <period>D</period>
               <dayType>Business</dayType>
               <businessDayConvention>NONE</businessDayConvention>
               <businessCenters>
                  <businessCenter>GBLO</businessCenter>
                  <businessCenter>JPTO</businessCenter>
               </businessCenters>
               <dateRelativeTo href="EXERCISE"/>
            </relativeDate>
         </settlementDate>
         <strike>
            <referenceSwapCurve>
               <swapUnwindValue>
                  <floatingRateIndex>JPY-LIBOR-BBA</floatingRateIndex>
                  <indexTenor>
                     <periodMultiplier>6</periodMultiplier>
                     <period>M</period>
                  </indexTenor>
                  <spread>27</spread>
               </swapUnwindValue>
            </referenceSwapCurve>
         </strike>
         <convertibleBond>
            <instrumentId instrumentIdScheme="ISIN">ExampleISIN2</instrumentId>
            <currency>JPY</currency>
            <clearanceSystem>DTCC</clearanceSystem>
            <issuerName>DEF Holdings</issuerName>
            <couponRate>0.0</couponRate>
            <maturity>2009-06-15-05:00</maturity>
            <paymentFrequency>
               <periodMultiplier>6</periodMultiplier>
               <period>M</period>
            </paymentFrequency>
            <redemptionDate>2009-06-15-05:00</redemptionDate>
         </convertibleBond>
      </bondOption>
      <calculationAgent>
         <calculationAgentPartyReference href="PartyA"/>
      </calculationAgent>
   </trade>
   <party id="PartyA">
      <partyId>Party A</partyId>
   </party>
   <party id="PartyB">
      <partyId>Party B</partyId>
   </party>
</FpML>