<?xml version="1.0" encoding="utf-8"?>
<!--
  == Copyright (c) 2002-2005. 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/documents/license
  -->
<FpML version="4-2" xmlns="http://www.fpml.org/2005/FpML-4-2" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.fpml.org/2005/FpML-4-2 ../fpml-main-4-2.xsd" xsi:type="DataDocument">
        <trade>
                <tradeHeader>
                        <partyTradeIdentifier>
                                <partyReference href="newbank"/>
                                <tradeId tradeIdScheme="http://www.newbank.com/trade-id">CDX1234</tradeId>
                        </partyTradeIdentifier>
                        <partyTradeIdentifier>
                                <partyReference href="massivebank"/>
                                <tradeId tradeIdScheme="http://www.massivebank.com/trade-id">1234A6</tradeId>
                        </partyTradeIdentifier>
                        <tradeDate>2004-01-24</tradeDate>
                </tradeHeader>
                <creditDefaultSwap>
                        <generalTerms>
                                <effectiveDate>
                                        <unadjustedDate>2004-03-23</unadjustedDate>
                                </effectiveDate>
                                <scheduledTerminationDate>
                                        <adjustableDate>
                                                <unadjustedDate>2009-03-20</unadjustedDate>
                                        </adjustableDate>
                                </scheduledTerminationDate>
                                <sellerPartyReference href="newbank"/>
                                <buyerPartyReference href="massivebank"/>
                                <indexReferenceInformation>
                                        <indexName>Dow Jones CDX NA IG.2</indexName>
                                        <indexSeries>2</indexSeries>
                                        <indexAnnexDate>2004-07-06</indexAnnexDate>
                                        <indexAnnexSource>Publisher</indexAnnexSource>
                                </indexReferenceInformation>
                        </generalTerms>
                        <feeLeg>
                                <initialPayment>
                                        <payerPartyReference href="newbank"/>
                                        <receiverPartyReference href="massivebank"/>
                                        <paymentAmount>
                                                <currency>USD</currency>
                                                <amount>16000</amount>
                                        </paymentAmount>
                                </initialPayment>
                                <periodicPayment>
                                        <fixedAmountCalculation>
                                                <fixedRate>0.0060</fixedRate>
                                        </fixedAmountCalculation>
                                </periodicPayment>
                        </feeLeg>
                        <protectionTerms>
                                <calculationAmount>
                                        <currency>USD</currency>
                                        <amount>25000000</amount>
                                </calculationAmount>
                        </protectionTerms>
                </creditDefaultSwap>
                <documentation>
                        <masterConfirmation>
                                <masterConfirmationType>DJ.CDX.NA</masterConfirmationType>
                                <masterConfirmationDate>2004-10-18</masterConfirmationDate>
                        </masterConfirmation>
                </documentation>
        </trade>
        <party id="newbank">
                <partyId>NEWBANKNYBICXXX</partyId>
                <partyName>New Bank, New York</partyName>
        </party>
        <party id="massivebank">
                <partyId>MASSIVENYBICXXX</partyId>
                <partyName>Massive Bank, New York</partyName>
        </party>
</FpML>
