<?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>
<!-- unique message id -->
    <messageId messageIdScheme="http://www.partyA.com/coding-scheme/message-id">234233423420</messageId>
<!-- identify the sender of this message -->
    <sentBy messageAddressScheme="http://www.partyA.com/coding-scheme/party-id">23902</sentBy>
    <creationTimestamp>2007-05-02T08:57:00-00:00</creationTimestamp>
  </header>
  <isCorrection>false</isCorrection>
  <correlationId correlationIdScheme="http://www.example.com/conversationId">PA/2007/05/02/234234923415</correlationId>
  <sequenceNumber>1</sequenceNumber>
  <trade>
    <tradeHeader>
      <partyTradeIdentifier>
        <partyReference href="party1" />
        <tradeId tradeIdScheme="http://www.swapswire.com/spec/2001/trade-id-1-0">6403855</tradeId>
      </partyTradeIdentifier>
      <partyTradeIdentifier>
        <partyReference href="party2" />
        <tradeId tradeIdScheme="http://www.swapswire.com/spec/2001/trade-id-1-0">6403855</tradeId>
      </partyTradeIdentifier>
<!-- Mandatory  -->
      <tradeDate>2015-03-30</tradeDate>
    </tradeHeader>
    <volatilitySwapTransactionSupplement>
      <volatilityLeg>
        <payerPartyReference href="party1" />
        <receiverPartyReference href="party2" />
<!-- Mandatory  -->
        <underlyer>
          <singleUnderlyer>
            <index>
              <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2003/instrument-id-Reuters-RIC-1-0">.FTSE</instrumentId>
              <exchangeId exchangeIdScheme="http://www.fpml.org/coding-scheme/external/exchange-id-MIC-1-0">XLIF</exchangeId>
              <relatedExchangeId exchangeIdScheme="http://www.fpml.org/coding-scheme/external/exchange-id-MIC-1-0">XLIF</relatedExchangeId>
            </index>
          </singleUnderlyer>
        </underlyer>
<!-- Mandatory  -->
        <settlementCurrency>GBP</settlementCurrency>
        <valuation id="valuationDate">
<!-- Mandatory - Equity Valuation date  -->
          <valuationDate>
            <adjustableDate>
              <unadjustedDate>2015-04-07</unadjustedDate>
              <dateAdjustments>
                <businessDayConvention>NotApplicable</businessDayConvention>
              </dateAdjustments>
            </adjustableDate>
          </valuationDate>
        </valuation>
        <amount>
<!-- Mandatory  -->
          <observationStartDate>
            <adjustableDate>
              <unadjustedDate>2015-03-30</unadjustedDate>
              <dateAdjustments>
                <businessDayConvention>NotApplicable</businessDayConvention>
              </dateAdjustments>
            </adjustableDate>
          </observationStartDate>
          <volatility>
<!-- For trades under 2011 matrix, pricing election options are initial level, OSPPricing, 
              ClosingPrice as shown below  -->
<!-- For agreed price under 2011 matrix, populate initialLevel with specified price and initialLevelSource with  AgreedInitialPrice-->
<!-- <initialLevel>101.10</initialLevel>-->
<!-- For Index Close pricing under 2011 matrix populate initialLevelSource with true -->
<!-- <initialLevelSource determinationMethodScheme="http://www.fpml.org/coding-scheme/determination-method">ExpiringContractLevel</initialLevelSource>>-->
<!-- For OSP Pricing under 2011 definitions, populate initialLevelSource with OSPPricing   -->
            <initialLevelSource determinationMethodScheme="http://www.fpml.org/coding-scheme/determination-method">ClosingPrice</initialLevelSource>
<!-- NDIP -->
            <expectedN>5</expectedN>
<!-- Optional defaults to false if not poulated  -->
            <volatilityCap>
<!-- If volatilityCap/applicable is false , No Volatility Cap.  -->
              <applicable>true</applicable>
<!-- If volatilityCap/applicable is true, specify either totalVolatilityCap OR volatilityCapFactor OR neither on inbound messages -->
<!-- It defaults to 2.5 if not populated (747.50) -->
              <volatilityCapFactor>3.0</volatilityCapFactor>
              <totalVolatilityCap>897</totalVolatilityCap>
            </volatilityCap>
<!-- Mandatory  -->
            <volatilityStrikePrice>299.00</volatilityStrikePrice>
<!-- Mandatory  -->
            <vegaNotionalAmount>1000.00</vegaNotionalAmount>
          </volatility>
        </amount>
      </volatilityLeg>
    </volatilitySwapTransactionSupplement>
    <documentation>
      <masterAgreement>
        <masterAgreementType masterAgreementTypeScheme="http://dtcc.com/coding-scheme/master-agreement-type">ISDA</masterAgreementType>
        <masterAgreementDate>2003-10-01</masterAgreementDate>
      </masterAgreement>
      <contractualDefinitions contractualDefinitionsScheme="http://www.fpml.org/coding-scheme/contractual-definitions">ISDA2011Equity</contractualDefinitions>
      <contractualMatrix>
        <matrixType matrixTypeScheme="http://www.fpml.org/coding-scheme/matrix-type">EquityDerivativesMatrix</matrixType>
        <publicationDate>2011-12-01</publicationDate>
        <matrixTerm matrixTermScheme="http://www.fpml.org/coding-scheme/equity-matrix-transaction-type">IVS1OpenMarkets</matrixTerm>
      </contractualMatrix>
    </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>
