<?xml version="1.0" encoding="utf-8" ?>
<!--View is confirmation-->
<!--Version is 5-10-->
<!--NS is http://www.fpml.org/FpML-5/confirmation-->
<!--
        == Copyright (c) 2014-2018 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
-->
<!--
Describes a trade that was created because of a netting operation. The new trade is part of a portfolio.
-->
<clearingConfirmed
    xmlns="http://www.fpml.org/FpML-5/confirmation"
    xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
    fpmlVersion="5-10"
    xsi:schemaLocation="http://www.fpml.org/FpML-5/confirmation ../../fpml-main-5-10.xsd http://www.w3.org/2000/09/xmldsig# ../../xmldsig-core-schema.xsd"
>
  <header>
    <messageId messageIdScheme="http://www.rbs.com/coding-scheme/message-id">R00ABC1</messageId>
    <sentBy messageAddressScheme="http://www.fpml.org/coding-scheme/external/iso9362">LCHLGB2LXXX</sentBy>
    <sendTo messageAddressScheme="http://www.fpml.org/coding-scheme/external/iso9362">RBSLGB1LXXX</sendTo>
    <creationTimestamp>2010-01-04T08:57:00Z</creationTimestamp>
  </header>
  <correlationId correlationIdScheme="http://www.rbs.com/coding-scheme/trade-id">TRD0001</correlationId>
  <compressionActivity>
    <compressionType>Netting</compressionType>
    <replacementTradeId tradeIdScheme="http://www.lch.com/coding-scheme/clearing-id">CL000003</replacementTradeId>
    <originatingTradeId tradeIdScheme="http://www.lch.com/coding-scheme/clearing-id">CL000001</originatingTradeId>
    <originatingTradeId tradeIdScheme="http://www.lch.com/coding-scheme/clearing-id">CL000002</originatingTradeId>
  </compressionActivity>
  <portfolioReference>
    <portfolioName portfolioNameScheme="http://www.clearingsvc.com/portfolioId">Port1</portfolioName>
    <sequenceNumber>1</sequenceNumber>
    <submissionsComplete>false</submissionsComplete>
  </portfolioReference>
  <originatingEvent>Netting</originatingEvent>
  <trade>
    <tradeHeader>
      <partyTradeIdentifier>
        <partyReference href="clearer" />
        <tradeId tradeIdScheme="http://www.lch.com/coding-scheme/clearing-id">CL000003</tradeId>
      </partyTradeIdentifier>
      <tradeDate>2010-01-04</tradeDate>
    </tradeHeader>
    <creditDefaultSwap>
      <generalTerms>
        <effectiveDate>
          <unadjustedDate>2010-12-04</unadjustedDate>
        </effectiveDate>
        <scheduledTerminationDate>
          <unadjustedDate>2010-12-06</unadjustedDate>
        </scheduledTerminationDate>
        <buyerPartyReference href="clearer" />
        <sellerPartyReference href="party2" />
        <referenceInformation>
          <referenceEntity id="referenceEntity">
            <entityName>Tenet Healthcare Corporation</entityName>
            <entityId entityIdScheme="http://www.fpml.org/spec/2003/entity-id-RED-1-0">8G836J</entityId>
          </referenceEntity>
          <referenceObligation>
            <bond>
              <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-CUSIP-1-0">88033GAT7</instrumentId>
              <couponRate>0.06</couponRate>
              <maturity>2011-12-01</maturity>
            </bond>
            <primaryObligorReference href="referenceEntity" />
          </referenceObligation>
        </referenceInformation>
      </generalTerms>
      <feeLeg>
        <periodicPayment>
          <paymentFrequency>
            <periodMultiplier>3</periodMultiplier>
            <period>M</period>
          </paymentFrequency>
          <firstPaymentDate>2010-12-05</firstPaymentDate>
          <rollConvention>6</rollConvention>
          <fixedAmountCalculation>
            <fixedRate>0.01</fixedRate>
          </fixedAmountCalculation>
        </periodicPayment>
      </feeLeg>
      <protectionTerms>
        <calculationAmount>
          <currency>USD</currency>
          <amount>5000000</amount>
        </calculationAmount>
        <creditEvents>
          <restructuring>
            <applicable>true</applicable>
          </restructuring>
        </creditEvents>
      </protectionTerms>
    </creditDefaultSwap>
    <documentation>
      <masterConfirmation>
        <masterConfirmationType>ISDA1999Credit</masterConfirmationType>
        <masterConfirmationDate>2001-01-04</masterConfirmationDate>
      </masterConfirmation>
    </documentation>
  </trade>
  <party id="clearer">
    <partyId partyIdScheme="http://www.fpml.org/coding-scheme/external/iso9362">LCHLGB2LXXX</partyId>
  </party>
  <party id="party2">
    <partyId partyIdScheme="http://www.fpml.org/coding-scheme/external/iso9362">RBSLGB1LXXX</partyId>
  </party>
</clearingConfirmed>
