<?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
  -->
<!--
  Compounding and averaging interest rate swap with relative effective dates and
  relative termination dates.

  Effective dates equal the trade date plus two London business days. The resulting date
  is adjusted using the London and New York calendars and the modified following rule.

  Termination dates equal the effective date plus two years. The resulting date
  is adjusted using the London and  New York calendars and the modified following rule.
-->
<dataDocument
    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"
>
  <trade>
    <tradeHeader>
      <partyTradeIdentifier>
        <partyReference href="party1" />
        <tradeId tradeIdScheme="http://xml.morganstanley.com/fid/ird/msTradeIdScheme/swapName">martin</tradeId>
      </partyTradeIdentifier>
      <partyTradeIdentifier>
        <partyReference href="party2" />
        <tradeId tradeIdScheme="http://xml.morganstanley.com/fid/ird/counterpartyTradeIdScheme">1234567</tradeId>
      </partyTradeIdentifier>
      <tradeDate id="tradeDate">2005-07-31</tradeDate>
    </tradeHeader>
    <swap>
      <productType>InterestRate:IRSwap:FixedFloat</productType>
      <swapStream id="swapStream_0_0">
        <payerPartyReference href="party1" />
        <receiverPartyReference href="party2" />
        <calculationPeriodDates id="calculationPeriodDates_0_0">
          <relativeEffectiveDate id="effectiveDate_0_0">
            <periodMultiplier>2</periodMultiplier>
            <period>D</period>
            <dayType>Business</dayType>
            <businessDayConvention>NONE</businessDayConvention>
            <businessCenters>
              <businessCenter>GBLO</businessCenter>
            </businessCenters>
            <dateRelativeTo href="tradeDate" />
            <relativeDateAdjustments>
              <businessDayConvention>MODFOLLOWING</businessDayConvention>
              <businessCenters>
                <businessCenter>GBLO</businessCenter>
                <businessCenter>USNY</businessCenter>
              </businessCenters>
            </relativeDateAdjustments>
          </relativeEffectiveDate>
          <relativeTerminationDate id="terminationDate_0_0">
            <periodMultiplier>2</periodMultiplier>
            <period>Y</period>
            <businessDayConvention>MODFOLLOWING</businessDayConvention>
            <businessCenters>
              <businessCenter>GBLO</businessCenter>
              <businessCenter>USNY</businessCenter>
            </businessCenters>
            <dateRelativeTo href="effectiveDate_0_0" />
          </relativeTerminationDate>
          <calculationPeriodDatesAdjustments>
            <businessDayConvention>MODFOLLOWING</businessDayConvention>
            <businessCenters>
              <businessCenter>GBLO</businessCenter>
              <businessCenter>USNY</businessCenter>
            </businessCenters>
          </calculationPeriodDatesAdjustments>
          <calculationPeriodFrequency>
            <periodMultiplier>6</periodMultiplier>
            <period>M</period>
            <rollConvention>2</rollConvention>
          </calculationPeriodFrequency>
        </calculationPeriodDates>
        <paymentDates>
          <calculationPeriodDatesReference href="calculationPeriodDates_0_0" />
          <paymentFrequency>
            <periodMultiplier>6</periodMultiplier>
            <period>M</period>
          </paymentFrequency>
          <payRelativeTo>CalculationPeriodEndDate</payRelativeTo>
          <paymentDatesAdjustments>
            <businessDayConvention>MODFOLLOWING</businessDayConvention>
            <businessCenters>
              <businessCenter>GBLO</businessCenter>
              <businessCenter>USNY</businessCenter>
            </businessCenters>
          </paymentDatesAdjustments>
        </paymentDates>
        <calculationPeriodAmount>
          <calculation>
            <notionalSchedule id="notionalSchedule_0_0">
              <notionalStepSchedule>
                <initialValue>100000000</initialValue>
                <currency>USD</currency>
              </notionalStepSchedule>
            </notionalSchedule>
            <fixedRateSchedule>
              <initialValue>0.0003</initialValue>
            </fixedRateSchedule>
            <dayCountFraction>30/360</dayCountFraction>
          </calculation>
        </calculationPeriodAmount>
        <principalExchanges>
          <initialExchange>false</initialExchange>
          <finalExchange>false</finalExchange>
          <intermediateExchange>false</intermediateExchange>
        </principalExchanges>
        <cashflows>
          <cashflowsMatchParameters>false</cashflowsMatchParameters>
          <paymentCalculationPeriod id="paymentCalculationPeriod_0_0_1">
            <adjustedPaymentDate>2006-02-06</adjustedPaymentDate>
            <calculationPeriod id="calculationPeriod_0_0_1">
              <adjustedStartDate>2005-08-04</adjustedStartDate>
              <adjustedEndDate>2006-02-06</adjustedEndDate>
              <calculationPeriodNumberOfDays>182</calculationPeriodNumberOfDays>
              <notionalAmount>100000000</notionalAmount>
              <fixedRate>0.0003</fixedRate>
            </calculationPeriod>
          </paymentCalculationPeriod>
          <paymentCalculationPeriod id="paymentCalculationPeriod_0_0_2">
            <adjustedPaymentDate>2006-08-04</adjustedPaymentDate>
            <calculationPeriod id="calculationPeriod_0_0_2">
              <adjustedStartDate>2006-02-06</adjustedStartDate>
              <adjustedEndDate>2006-08-04</adjustedEndDate>
              <calculationPeriodNumberOfDays>178</calculationPeriodNumberOfDays>
              <notionalAmount>100000000</notionalAmount>
              <fixedRate>0.0003</fixedRate>
            </calculationPeriod>
          </paymentCalculationPeriod>
          <paymentCalculationPeriod id="paymentCalculationPeriod_0_0_3">
            <adjustedPaymentDate>2007-02-05</adjustedPaymentDate>
            <calculationPeriod id="calculationPeriod_0_0_3">
              <adjustedStartDate>2006-08-04</adjustedStartDate>
              <adjustedEndDate>2007-02-05</adjustedEndDate>
              <calculationPeriodNumberOfDays>181</calculationPeriodNumberOfDays>
              <notionalAmount>100000000</notionalAmount>
              <fixedRate>0.0003</fixedRate>
            </calculationPeriod>
          </paymentCalculationPeriod>
          <paymentCalculationPeriod id="paymentCalculationPeriod_0_0_4">
            <adjustedPaymentDate>2007-08-06</adjustedPaymentDate>
            <calculationPeriod id="calculationPeriod_0_0_4">
              <adjustedStartDate>2007-02-05</adjustedStartDate>
              <adjustedEndDate>2007-08-06</adjustedEndDate>
              <calculationPeriodNumberOfDays>181</calculationPeriodNumberOfDays>
              <notionalAmount>100000000</notionalAmount>
              <fixedRate>0.0003</fixedRate>
            </calculationPeriod>
          </paymentCalculationPeriod>
        </cashflows>
      </swapStream>
      <swapStream id="swapStream_0_1">
        <payerPartyReference href="party2" />
        <receiverPartyReference href="party1" />
        <calculationPeriodDates id="calculationPeriodDates_0_1">
          <relativeEffectiveDate id="effectiveDate_0_1">
            <periodMultiplier>2</periodMultiplier>
            <period>D</period>
            <dayType>Business</dayType>
            <businessDayConvention>NONE</businessDayConvention>
            <businessCenters>
              <businessCenter>GBLO</businessCenter>
            </businessCenters>
            <dateRelativeTo href="tradeDate" />
            <relativeDateAdjustments>
              <businessDayConvention>MODFOLLOWING</businessDayConvention>
              <businessCenters>
                <businessCenter>GBLO</businessCenter>
                <businessCenter>USNY</businessCenter>
              </businessCenters>
            </relativeDateAdjustments>
          </relativeEffectiveDate>
          <relativeTerminationDate id="terminationDate_0_1">
            <periodMultiplier>2</periodMultiplier>
            <period>Y</period>
            <businessDayConvention>MODFOLLOWING</businessDayConvention>
            <businessCenters>
              <businessCenter>GBLO</businessCenter>
              <businessCenter>USNY</businessCenter>
            </businessCenters>
            <dateRelativeTo href="effectiveDate_0_1" />
          </relativeTerminationDate>
          <calculationPeriodDatesAdjustments>
            <businessDayConvention>MODFOLLOWING</businessDayConvention>
            <businessCenters>
              <businessCenter>GBLO</businessCenter>
              <businessCenter>USNY</businessCenter>
            </businessCenters>
          </calculationPeriodDatesAdjustments>
          <calculationPeriodFrequency>
            <periodMultiplier>3</periodMultiplier>
            <period>M</period>
            <rollConvention>NONE</rollConvention>
          </calculationPeriodFrequency>
        </calculationPeriodDates>
        <paymentDates>
          <calculationPeriodDatesReference href="calculationPeriodDates_0_1" />
          <paymentFrequency>
            <periodMultiplier>6</periodMultiplier>
            <period>M</period>
          </paymentFrequency>
          <payRelativeTo>CalculationPeriodEndDate</payRelativeTo>
          <paymentDatesAdjustments>
            <businessDayConvention>MODFOLLOWING</businessDayConvention>
            <businessCenters>
              <businessCenter>GBLO</businessCenter>
              <businessCenter>USNY</businessCenter>
            </businessCenters>
          </paymentDatesAdjustments>
        </paymentDates>
        <resetDates id="resetDates_0_1">
          <calculationPeriodDatesReference href="calculationPeriodDates_0_1" />
          <resetRelativeTo>CalculationPeriodStartDate</resetRelativeTo>
          <fixingDates>
            <periodMultiplier>-2</periodMultiplier>
            <period>D</period>
            <dayType>Business</dayType>
            <businessDayConvention>NONE</businessDayConvention>
            <businessCenters>
              <businessCenter>GBLO</businessCenter>
            </businessCenters>
            <dateRelativeTo href="resetDates_0_1" />
          </fixingDates>
          <resetFrequency>
            <periodMultiplier>1</periodMultiplier>
            <period>M</period>
          </resetFrequency>
          <resetDatesAdjustments>
            <businessDayConvention>MODFOLLOWING</businessDayConvention>
            <businessCenters>
              <businessCenter>GBLO</businessCenter>
            </businessCenters>
          </resetDatesAdjustments>
        </resetDates>
        <calculationPeriodAmount>
          <calculation>
            <notionalSchedule id="notionalSchedule_0_1">
              <notionalStepSchedule>
                <initialValue>100000000</initialValue>
                <currency>USD</currency>
              </notionalStepSchedule>
            </notionalSchedule>
            <floatingRateCalculation>
              <floatingRateIndex>USD-LIBOR-BBA</floatingRateIndex>
              <indexTenor>
                <periodMultiplier>6</periodMultiplier>
                <period>M</period>
              </indexTenor>
            </floatingRateCalculation>
            <dayCountFraction>ACT/360</dayCountFraction>
            <compoundingMethod>Straight</compoundingMethod>
          </calculation>
        </calculationPeriodAmount>
        <principalExchanges>
          <initialExchange>false</initialExchange>
          <finalExchange>false</finalExchange>
          <intermediateExchange>false</intermediateExchange>
        </principalExchanges>
        <cashflows>
          <cashflowsMatchParameters>false</cashflowsMatchParameters>
          <paymentCalculationPeriod id="paymentCalculationPeriod_0_1_1">
            <adjustedPaymentDate>2006-02-06</adjustedPaymentDate>
            <calculationPeriod id="calculationPeriod_0_1_1">
              <adjustedStartDate>2005-08-04</adjustedStartDate>
              <adjustedEndDate>2005-11-04</adjustedEndDate>
              <calculationPeriodNumberOfDays>92</calculationPeriodNumberOfDays>
              <notionalAmount>100000000</notionalAmount>
              <floatingRateDefinition>
                <rateObservation>
                  <adjustedFixingDate>2005-08-02</adjustedFixingDate>
                  <observationWeight>32</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2005-09-01</adjustedFixingDate>
                  <observationWeight>29</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2005-09-30</adjustedFixingDate>
                  <observationWeight>31</observationWeight>
                </rateObservation>
              </floatingRateDefinition>
            </calculationPeriod>
            <calculationPeriod id="calculationPeriod_0_1_2">
              <adjustedStartDate>2005-11-04</adjustedStartDate>
              <adjustedEndDate>2006-02-06</adjustedEndDate>
              <calculationPeriodNumberOfDays>94</calculationPeriodNumberOfDays>
              <notionalAmount>100000000</notionalAmount>
              <floatingRateDefinition>
                <rateObservation>
                  <adjustedFixingDate>2005-11-02</adjustedFixingDate>
                  <observationWeight>31</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2005-12-01</adjustedFixingDate>
                  <observationWeight>30</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2005-12-30</adjustedFixingDate>
                  <observationWeight>33</observationWeight>
                </rateObservation>
              </floatingRateDefinition>
            </calculationPeriod>
          </paymentCalculationPeriod>
          <paymentCalculationPeriod id="paymentCalculationPeriod_0_1_3">
            <adjustedPaymentDate>2006-08-04</adjustedPaymentDate>
            <calculationPeriod id="calculationPeriod_0_1_3">
              <adjustedStartDate>2006-02-06</adjustedStartDate>
              <adjustedEndDate>2006-05-04</adjustedEndDate>
              <calculationPeriodNumberOfDays>87</calculationPeriodNumberOfDays>
              <notionalAmount>100000000</notionalAmount>
              <floatingRateDefinition>
                <rateObservation>
                  <adjustedFixingDate>2006-02-02</adjustedFixingDate>
                  <observationWeight>28</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2006-03-02</adjustedFixingDate>
                  <observationWeight>29</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2006-03-31</adjustedFixingDate>
                  <observationWeight>30</observationWeight>
                </rateObservation>
              </floatingRateDefinition>
            </calculationPeriod>
            <calculationPeriod id="calculationPeriod_0_1_4">
              <adjustedStartDate>2006-05-04</adjustedStartDate>
              <adjustedEndDate>2006-08-04</adjustedEndDate>
              <calculationPeriodNumberOfDays>92</calculationPeriodNumberOfDays>
              <notionalAmount>100000000</notionalAmount>
              <floatingRateDefinition>
                <rateObservation>
                  <adjustedFixingDate>2006-05-02</adjustedFixingDate>
                  <observationWeight>32</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2006-06-01</adjustedFixingDate>
                  <observationWeight>29</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2006-06-30</adjustedFixingDate>
                  <observationWeight>31</observationWeight>
                </rateObservation>
              </floatingRateDefinition>
            </calculationPeriod>
          </paymentCalculationPeriod>
          <paymentCalculationPeriod id="paymentCalculationPeriod_0_1_5">
            <adjustedPaymentDate>2007-02-05</adjustedPaymentDate>
            <calculationPeriod id="calculationPeriod_0_1_5">
              <adjustedStartDate>2006-08-04</adjustedStartDate>
              <adjustedEndDate>2006-11-06</adjustedEndDate>
              <calculationPeriodNumberOfDays>94</calculationPeriodNumberOfDays>
              <notionalAmount>100000000</notionalAmount>
              <floatingRateDefinition>
                <rateObservation>
                  <adjustedFixingDate>2006-08-02</adjustedFixingDate>
                  <observationWeight>31</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2006-08-31</adjustedFixingDate>
                  <observationWeight>30</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2006-10-02</adjustedFixingDate>
                  <observationWeight>33</observationWeight>
                </rateObservation>
              </floatingRateDefinition>
            </calculationPeriod>
            <calculationPeriod id="calculationPeriod_0_1_6">
              <adjustedStartDate>2006-11-06</adjustedStartDate>
              <adjustedEndDate>2007-02-05</adjustedEndDate>
              <calculationPeriodNumberOfDays>91</calculationPeriodNumberOfDays>
              <notionalAmount>100000000</notionalAmount>
              <floatingRateDefinition>
                <rateObservation>
                  <adjustedFixingDate>2006-11-02</adjustedFixingDate>
                  <observationWeight>28</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2006-11-30</adjustedFixingDate>
                  <observationWeight>31</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2007-01-02</adjustedFixingDate>
                  <observationWeight>32</observationWeight>
                </rateObservation>
              </floatingRateDefinition>
            </calculationPeriod>
          </paymentCalculationPeriod>
          <paymentCalculationPeriod id="paymentCalculationPeriod_0_1_7">
            <adjustedPaymentDate>2007-08-06</adjustedPaymentDate>
            <calculationPeriod id="calculationPeriod_0_1_7">
              <adjustedStartDate>2007-02-05</adjustedStartDate>
              <adjustedEndDate>2007-05-04</adjustedEndDate>
              <calculationPeriodNumberOfDays>88</calculationPeriodNumberOfDays>
              <notionalAmount>100000000</notionalAmount>
              <floatingRateDefinition>
                <rateObservation>
                  <adjustedFixingDate>2007-02-01</adjustedFixingDate>
                  <observationWeight>28</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2007-03-01</adjustedFixingDate>
                  <observationWeight>30</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2007-04-02</adjustedFixingDate>
                  <observationWeight>30</observationWeight>
                </rateObservation>
              </floatingRateDefinition>
            </calculationPeriod>
            <calculationPeriod id="calculationPeriod_0_1_8">
              <adjustedStartDate>2007-05-04</adjustedStartDate>
              <adjustedEndDate>2007-08-06</adjustedEndDate>
              <calculationPeriodNumberOfDays>94</calculationPeriodNumberOfDays>
              <notionalAmount>100000000</notionalAmount>
              <floatingRateDefinition>
                <rateObservation>
                  <adjustedFixingDate>2007-05-02</adjustedFixingDate>
                  <observationWeight>31</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2007-05-21</adjustedFixingDate>
                  <observationWeight>30</observationWeight>
                </rateObservation>
                <rateObservation>
                  <adjustedFixingDate>2007-07-02</adjustedFixingDate>
                  <observationWeight>33</observationWeight>
                </rateObservation>
              </floatingRateDefinition>
            </calculationPeriod>
          </paymentCalculationPeriod>
        </cashflows>
      </swapStream>
    </swap>
  </trade>
  <party id="party1">
    <partyId partyIdScheme="http://www.fpml.org/coding-scheme/dummy-party-id">0103</partyId>
    <partyName>MarketProducts</partyName>
  </party>
  <party id="party2">
    <partyId partyIdScheme="http://www.fpml.org/coding-scheme/dummy-party-id">0617mpm24</partyId>
  </party>
</dataDocument>
