<?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
-->
<!--5.0:Message type is a Root of the message-->
<!--5.0 Messaging: changed <RequestTradeConfirmation> -><executionNotification>-->
<requestConfirmation
    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.partyA.com/coding-scheme/messsage-id">456a789b</messageId>
    <sentBy messageAddressScheme="http://www.partyA.com/coding-scheme/party-id">msdw</sentBy>
    <creationTimestamp>2000-08-01T08:57:00Z</creationTimestamp>
  </header>
<!--5.0 Messaging: added
                <isCorrection>
                <correlationId>
                <sequenceNumber>
        -->
  <isCorrection>false</isCorrection>
  <correlationId correlationIdScheme="http://www.example.com/correlationId">CORR/2000/08/01/456a779b</correlationId>
  <sequenceNumber>1</sequenceNumber>
  <trade>
    <tradeHeader>
      <partyTradeIdentifier>
        <partyReference href="party1" />
        <tradeId tradeIdScheme="http://www.partyA.com/">109257</tradeId>
      </partyTradeIdentifier>
      <partyTradeIdentifier>
        <partyReference href="party2" />
        <tradeId tradeIdScheme="http://www.partyB.com/">1234567</tradeId>
      </partyTradeIdentifier>
      <tradeDate>2006-10-05</tradeDate>
    </tradeHeader>
    <creditDefaultSwap>
      <generalTerms>
        <effectiveDate>
          <unadjustedDate>2006-10-11</unadjustedDate>
          <dateAdjustments>
            <businessDayConvention>FOLLOWING</businessDayConvention>
            <businessCenters>
              <businessCenter>GBLO</businessCenter>
              <businessCenter>USNY</businessCenter>
            </businessCenters>
          </dateAdjustments>
        </effectiveDate>
        <scheduledTerminationDate>
          <unadjustedDate>2035-09-25</unadjustedDate>
          <dateAdjustments>
            <businessDayConvention>FOLLOWING</businessDayConvention>
            <businessCenters>
              <businessCenter>GBLO</businessCenter>
              <businessCenter>USNY</businessCenter>
            </businessCenters>
          </dateAdjustments>
        </scheduledTerminationDate>
        <buyerPartyReference href="party1" />
        <sellerPartyReference href="party2" />
        <dateAdjustments>
          <businessDayConvention>FOLLOWING</businessDayConvention>
          <businessCenters>
            <businessCenter>GBLO</businessCenter>
            <businessCenter>USNY</businessCenter>
          </businessCenters>
        </dateAdjustments>
        <referenceInformation>
          <referenceEntity>
            <entityName>New Century Home Equity Loan Trust 2005-4</entityName>
          </referenceEntity>
          <referenceObligation>
            <mortgage>
              <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-CUSIP-1-0">64352VNC1</instrumentId>
              <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-Bloomberg-1-0">NCHET 2005-4</instrumentId>
              <currency>USD</currency>
              <maturity>2035-09-25</maturity>
              <originalPrincipalAmount>22900000</originalPrincipalAmount>
              <pool>
                <initialFactor>1</initialFactor>
              </pool>
              <sector>RMBS</sector>
              <tranche>M9</tranche>
            </mortgage>
          </referenceObligation>
        </referenceInformation>
      </generalTerms>
      <feeLeg>
        <periodicPayment>
          <paymentFrequency>
            <periodMultiplier>1</periodMultiplier>
            <period>M</period>
          </paymentFrequency>
          <firstPaymentDate>2006-11-01</firstPaymentDate>
          <lastRegularPaymentDate>2035-06-01</lastRegularPaymentDate>
          <rollConvention>11</rollConvention>
          <fixedAmountCalculation>
            <calculationAmount>
              <currency>USD</currency>
              <amount>15000000</amount>
            </calculationAmount>
            <fixedRate>0.050</fixedRate>
          </fixedAmountCalculation>
        </periodicPayment>
        <paymentDelay>true</paymentDelay>
      </feeLeg>
      <protectionTerms>
        <calculationAmount>
          <currency>USD</currency>
          <amount>15000000.00</amount>
        </calculationAmount>
        <creditEvents>
          <failureToPayPrincipal>true</failureToPayPrincipal>
          <distressedRatingsDowngrade>true</distressedRatingsDowngrade>
          <writedown>true</writedown>
        </creditEvents>
        <floatingAmountEvents>
          <failureToPayPrincipal>true</failureToPayPrincipal>
          <interestShortfall>
            <interestShortfallCap>Fixed</interestShortfallCap>
            <compounding>false</compounding>
            <rateSource>USD-LIBOR-BBA</rateSource>
          </interestShortfall>
          <writedown>true</writedown>
          <floatingAmountProvisions>
            <stepUpProvision>true</stepUpProvision>
          </floatingAmountProvisions>
          <additionalFixedPayments>
            <interestShortfallReimbursement>true</interestShortfallReimbursement>
            <principalShortfallReimbursement>true</principalShortfallReimbursement>
            <writedownReimbursement>true</writedownReimbursement>
          </additionalFixedPayments>
        </floatingAmountEvents>
      </protectionTerms>
      <physicalSettlementTerms>
        <physicalSettlementPeriod>
          <businessDays>5</businessDays>
        </physicalSettlementPeriod>
        <escrow>true</escrow>
      </physicalSettlementTerms>
    </creditDefaultSwap>
    <calculationAgent>
      <calculationAgentPartyReference href="party1" />
    </calculationAgent>
    <calculationAgentBusinessCenter>USNY</calculationAgentBusinessCenter>
    <documentation>
      <masterAgreement>
        <masterAgreementType>ISDA</masterAgreementType>
        <masterAgreementVersion>1992</masterAgreementVersion>
      </masterAgreement>
      <contractualDefinitions>ISDA2003Credit</contractualDefinitions>
      <contractualTermsSupplement>
        <type>ISDA2003CreditMay2003</type>
      </contractualTermsSupplement>
    </documentation>
  </trade>
  <party id="party1">
    <partyId partyIdScheme="http://www.fpml.org/coding-scheme/external/iso17442">254900BIAQJIUV6DLE92</partyId>
    <partyName>XYZ Bank</partyName>
  </party>
  <party id="party2">
    <partyId partyIdScheme="http://www.fpml.org/coding-scheme/external/iso17442">549300VBWWV6BYQOWM67</partyId>
    <partyName>ABC Bank</partyName>
  </party>
</requestConfirmation>
