<?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
-->
<!-- example of predetermined clearing, based on confirmation view /products/dividend-swap/div-ex05-dividend-swap-option.xml -->
<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.fpml.org/msg-id">123</messageId>
    <sentBy>GS</sentBy>
    <sendTo>CPTY</sendTo>
    <creationTimestamp>2012-01-27T15:38:00-00:00</creationTimestamp>
  </header>
  <isCorrection>false</isCorrection>
  <correlationId correlationIdScheme="http://www.example.com/conversationId">CW/2012/01/27/123</correlationId>
  <sequenceNumber>1</sequenceNumber>
  <trade>
    <tradeHeader>
      <partyTradeIdentifier>
        <partyReference href="partyA" />
        <tradeId tradeIdScheme="http://www.swapswire.com/spec/2001/trade-id-1-0">166555</tradeId>
      </partyTradeIdentifier>
      <partyTradeIdentifier>
        <partyReference href="partyB" />
        <tradeId tradeIdScheme="http://www.swapswire.com/spec/2001/trade-id-1-0">166555</tradeId>
      </partyTradeIdentifier>
      <tradeDate>2012-01-27</tradeDate>
    </tradeHeader>
    <dividendSwapOptionTransactionSupplement>
      <buyerPartyReference href="partyA" />
      <sellerPartyReference href="partyB" />
      <optionType>Call</optionType>
      <equityPremium>
        <payerPartyReference href="partyA" />
        <receiverPartyReference href="partyB" />
        <paymentAmount>
          <currency>EUR</currency>
          <amount>1500000</amount>
        </paymentAmount>
        <paymentDate>
          <unadjustedDate>2012-01-29</unadjustedDate>
          <dateAdjustments>
            <businessDayConvention>NotApplicable</businessDayConvention>
          </dateAdjustments>
        </paymentDate>
      </equityPremium>
      <equityExercise>
        <equityEuropeanExercise>
          <expirationDate>
            <adjustableDate>
              <unadjustedDate>2015-03-20</unadjustedDate>
              <dateAdjustments>
                <businessDayConvention>NotApplicable</businessDayConvention>
              </dateAdjustments>
            </adjustableDate>
          </expirationDate>
          <equityExpirationTimeType>OSP</equityExpirationTimeType>
          <equityExpirationTime>
            <hourMinuteTime>10:00:00</hourMinuteTime>
            <businessCenter>EUTA</businessCenter>
          </equityExpirationTime>
        </equityEuropeanExercise>
        <automaticExercise>true</automaticExercise>
        <equityValuation id="valuationDate">
          <valuationDate>
            <adjustableDate>
              <unadjustedDate>2015-03-20</unadjustedDate>
              <dateAdjustments>
                <businessDayConvention>NotApplicable</businessDayConvention>
              </dateAdjustments>
            </adjustableDate>
          </valuationDate>
          <valuationTime>
            <hourMinuteTime>10:00:00</hourMinuteTime>
            <businessCenter>EUTA</businessCenter>
          </valuationTime>
          <futuresPriceValuation>true</futuresPriceValuation>
        </equityValuation>
        <settlementCurrency>EUR</settlementCurrency>
        <settlementType>Cash</settlementType>
      </equityExercise>
      <clearingInstructions>
        <clearedPhysicalSettlement>true</clearedPhysicalSettlement>
        <predeterminedClearingOrganizationPartyReference href="clearing-svc" />
      </clearingInstructions>
      <dividendSwapTransactionSupplement>
        <dividendLeg>
          <payerPartyReference href="partyB" />
          <receiverPartyReference href="partyA" />
          <underlyer>
            <singleUnderlyer>
              <index>
                <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-Bloomberg-1-0">.STOX50E</instrumentId>
                <description>STOXX 50 Euro</description>
                <currency>EUR</currency>
                <relatedExchangeId exchangeIdScheme="http://www.fpml.org/schemes/4.1/exchangeId">XEUR</relatedExchangeId>
              </index>
            </singleUnderlyer>
          </underlyer>
          <settlementType>Cash</settlementType>
          <settlementDate>
            <relativeDate>
              <periodMultiplier>2</periodMultiplier>
              <period>D</period>
              <dayType>Business</dayType>
              <businessDayConvention>NONE</businessDayConvention>
              <businessCenters>
                <businessCenter>EUTA</businessCenter>
              </businessCenters>
              <dateRelativeTo href="valuationDate" />
            </relativeDate>
          </settlementDate>
          <settlementCurrency>EUR</settlementCurrency>
          <declaredCashDividendPercentage>1.0</declaredCashDividendPercentage>
          <declaredCashEquivalentDividendPercentage>1.0</declaredCashEquivalentDividendPercentage>
          <dividendPeriod id="d1">
            <unadjustedStartDate>2015-12-20</unadjustedStartDate>
            <unadjustedEndDate id="e1">2016-03-19</unadjustedEndDate>
            <dateAdjustments>
              <businessDayConvention>FOLLOWING</businessDayConvention>
              <businessCenters>
                <businessCenter>EUTA</businessCenter>
              </businessCenters>
            </dateAdjustments>
            <fixedStrike>0.045</fixedStrike>
            <paymentDate id="p1">
              <relativeDate>
                <periodMultiplier>3</periodMultiplier>
                <period>D</period>
                <dayType>Calendar</dayType>
                <businessDayConvention>FOLLOWING</businessDayConvention>
                <dateRelativeTo href="e1" />
              </relativeDate>
            </paymentDate>
          </dividendPeriod>
          <dividendPeriod id="d2">
            <unadjustedStartDate>2016-03-19</unadjustedStartDate>
            <unadjustedEndDate id="e2">2016-06-20</unadjustedEndDate>
            <dateAdjustments>
              <businessDayConvention>FOLLOWING</businessDayConvention>
              <businessCenters>
                <businessCenter>EUTA</businessCenter>
              </businessCenters>
            </dateAdjustments>
            <fixedStrike>0.045</fixedStrike>
            <paymentDate id="p2">
              <relativeDate>
                <periodMultiplier>3</periodMultiplier>
                <period>D</period>
                <dayType>Calendar</dayType>
                <businessDayConvention>FOLLOWING</businessDayConvention>
                <dateRelativeTo href="e2" />
              </relativeDate>
            </paymentDate>
          </dividendPeriod>
        </dividendLeg>
        <fixedLeg>
          <payerPartyReference href="partyA" />
          <receiverPartyReference href="partyB" />
          <fixedPayment>
            <paymentAmount>
              <currency>EUR</currency>
              <amount>50000</amount>
            </paymentAmount>
            <paymentDate>
              <periodMultiplier>0</periodMultiplier>
              <period>D</period>
              <businessDayConvention>NONE</businessDayConvention>
              <dateRelativeTo href="p1" />
            </paymentDate>
          </fixedPayment>
          <fixedPayment>
            <paymentAmount>
              <currency>EUR</currency>
              <amount>56000</amount>
            </paymentAmount>
            <paymentDate>
              <periodMultiplier>0</periodMultiplier>
              <period>D</period>
              <businessDayConvention>NONE</businessDayConvention>
              <dateRelativeTo href="p1" />
            </paymentDate>
          </fixedPayment>
        </fixedLeg>
      </dividendSwapTransactionSupplement>
    </dividendSwapOptionTransactionSupplement>
  </trade>
  <party id="partyA">
    <partyId partyIdScheme="http://www.fpml.org/coding-scheme/dummy-party-id">CPTY</partyId>
    <partyName>Counterparty Inc.</partyName>
  </party>
  <party id="partyB">
    <partyId partyIdScheme="http://www.fpml.org/coding-scheme/dummy-party-id">GS</partyId>
    <partyName>Goldman Sachs International</partyName>
  </party>
  <party id="clearing-svc">
    <partyId partyIdScheme="http://www.fpml.org/coding-scheme/external/iso17442">549300IB5Q45JGNPND58</partyId>
    <partyName>ClearItAll Corp</partyName>
  </party>
</requestConfirmation>
