<?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
-->
<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/message-id">2342342</messageId>
    <sentBy>PARTYABIC1</sentBy>
    <sendTo>ABC</sendTo>
    <creationTimestamp>2007-01-05T15:38:00Z</creationTimestamp>
  </header>
  <isCorrection>false</isCorrection>
  <correlationId correlationIdScheme="http://www.example.com/correlationId">CORR/2007/01/02/2342322</correlationId>
  <sequenceNumber>1</sequenceNumber>
  <trade>
    <tradeHeader>
      <partyTradeIdentifier>
        <partyReference href="Party1" />
        <tradeId tradeIdScheme="http://www.PartyA.com/coding-scheme/trade-id">Trade234</tradeId>
      </partyTradeIdentifier>
      <tradeDate id="TRADEDATE">2006-01-16</tradeDate>
    </tradeHeader>
    <creditDefaultSwapOption>
      <buyerPartyReference href="Party2" />
      <sellerPartyReference href="Party1" />
      <optionType>Payer</optionType>
      <premium>
        <payerPartyReference href="Party2" />
        <receiverPartyReference href="Party1" />
        <paymentAmount>
          <currency>USD</currency>
          <amount>45000</amount>
        </paymentAmount>
        <paymentDate>
          <relativeDate>
            <periodMultiplier>3</periodMultiplier>
            <period>D</period>
            <dayType>Business</dayType>
            <businessDayConvention>NONE</businessDayConvention>
            <businessCenters>
              <businessCenter>USNY</businessCenter>
              <businessCenter>GBLO</businessCenter>
            </businessCenters>
            <dateRelativeTo href="TRADEDATE" />
          </relativeDate>
        </paymentDate>
        <premiumType>Fixed</premiumType>
      </premium>
      <europeanExercise>
        <expirationDate>
          <adjustableDate>
            <unadjustedDate>2006-08-20</unadjustedDate>
            <dateAdjustments>
              <businessDayConvention>NotApplicable</businessDayConvention>
            </dateAdjustments>
          </adjustableDate>
        </expirationDate>
        <earliestExerciseTime>
          <hourMinuteTime>09:00:00</hourMinuteTime>
          <businessCenter>USNY</businessCenter>
        </earliestExerciseTime>
        <expirationTime>
          <hourMinuteTime>11:00:00</hourMinuteTime>
          <businessCenter>USNY</businessCenter>
        </expirationTime>
        <partialExercise>
          <notionalReference href="NOTIONAL" />
          <integralMultipleAmount>1</integralMultipleAmount>
          <minimumNotionalAmount>1</minimumNotionalAmount>
        </partialExercise>
      </europeanExercise>
      <exerciseProcedure>
        <manualExercise>
          <fallbackExercise>false</fallbackExercise>
        </manualExercise>
        <followUpConfirmation>true</followUpConfirmation>
      </exerciseProcedure>
      <notionalReference href="NOTIONAL" />
      <settlementType>Physical</settlementType>
      <strike>
        <spread>0.0225</spread>
      </strike>
      <creditDefaultSwap>
        <generalTerms>
          <effectiveDate>
            <unadjustedDate>2006-03-21</unadjustedDate>
          </effectiveDate>
          <scheduledTerminationDate>
            <unadjustedDate>2011-06-20</unadjustedDate>
          </scheduledTerminationDate>
          <buyerPartyReference href="Party2" />
          <sellerPartyReference href="Party1" />
          <indexReferenceInformation>
            <indexName>Dow Jones CDX NA IG.2</indexName>
            <indexSeries>2</indexSeries>
            <indexAnnexDate>2005-07-06</indexAnnexDate>
            <indexAnnexSource>Publisher</indexAnnexSource>
          </indexReferenceInformation>
        </generalTerms>
        <feeLeg>
          <periodicPayment>
            <paymentFrequency>
              <periodMultiplier>3</periodMultiplier>
              <period>M</period>
            </paymentFrequency>
            <firstPaymentDate>2006-06-20</firstPaymentDate>
            <lastRegularPaymentDate>2011-03-20</lastRegularPaymentDate>
            <rollConvention>20</rollConvention>
            <fixedAmountCalculation>
              <calculationAmount>
                <currency>USD</currency>
                <amount>50000000</amount>
              </calculationAmount>
              <fixedRate>0.019</fixedRate>
              <dayCountFraction>ACT/360</dayCountFraction>
            </fixedAmountCalculation>
          </periodicPayment>
        </feeLeg>
        <protectionTerms>
          <calculationAmount id="NOTIONAL">
            <currency>USD</currency>
            <amount>50000000</amount>
          </calculationAmount>
        </protectionTerms>
      </creditDefaultSwap>
    </creditDefaultSwapOption>
    <documentation>
      <masterAgreement>
        <masterAgreementType>ISDA</masterAgreementType>
        <masterAgreementVersion>1992</masterAgreementVersion>
        <masterAgreementDate>1997-11-05</masterAgreementDate>
      </masterAgreement>
      <masterConfirmation>
        <masterConfirmationType>DJ.CDX.NA</masterConfirmationType>
        <masterConfirmationDate>2004-09-20</masterConfirmationDate>
      </masterConfirmation>
      <contractualDefinitions>ISDA2000</contractualDefinitions>
      <contractualDefinitions>ISDA2003Credit</contractualDefinitions>
    </documentation>
  </trade>
  <party id="Party1">
    <partyId partyIdScheme="http://www.fpml.org/coding-scheme/dummy-party-id">Party A</partyId>
  </party>
  <party id="Party2">
    <partyId partyIdScheme="http://www.fpml.org/coding-scheme/dummy-party-id">Party B</partyId>
  </party>
</requestConfirmation>
