<?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>
		<!--This is a zero-strike equity swap that illustrates the example of one single-legged swap and the use of the principalExchangeFeatures component-->
		<tradeHeader>
			<partyTradeIdentifier>
				<partyReference href="PartyA"/>
				<tradeId tradeIdScheme="http://www.partyA.com/eqs-trade-id">1234</tradeId>
			</partyTradeIdentifier>
			<partyTradeIdentifier>
				<partyReference href="PartyB"/>
				<tradeId tradeIdScheme="http://www.partyB.com/eqs-trade-id">5678</tradeId>
			</partyTradeIdentifier>
			<tradeDate id="TradeDate">2002-10-17</tradeDate>
		</tradeHeader>
		<returnSwap>
			<productType>ZeroStrikeSwap</productType>
			<returnLeg>
				<payerPartyReference href="PartyA"/>
				<receiverPartyReference href="PartyB"/>
				<effectiveDate id="EffectiveDate">
					<adjustableDate>
						<unadjustedDate>2002-10-24</unadjustedDate>
						<dateAdjustments>
							<businessDayConvention>NotApplicable</businessDayConvention>
						</dateAdjustments>
					</adjustableDate>
				</effectiveDate>
				<terminationDate id="TerminationDate">
					<relativeDate>
						<periodMultiplier>0</periodMultiplier>
						<period>D</period>
						<businessDayConvention>NotApplicable</businessDayConvention>
						<dateRelativeTo href="FinalEquityPaymentDate"/>
					</relativeDate>
				</terminationDate>
				<underlyer>
					<singleUnderlyer>
						<equity>
							<instrumentId instrumentIdScheme="http://www.fpml.org/schemes/4.1/instrumentId">ZEE.NS</instrumentId>
							<description>ZEE</description>
							<exchangeId exchangeIdScheme="http://www.fpml.org/schemes/4.1/exchangeId">NationalStockExchange</exchangeId>
						</equity>
						<openUnits>31000</openUnits>
						<dividendPayout>
							<dividendPayoutRatio>1</dividendPayoutRatio>
						</dividendPayout>
					</singleUnderlyer>
				</underlyer>
				<rateOfReturn>
					<initialPrice>
						<netPrice>
							<currency>USD</currency>
							<amount>1.8036</amount>
							<priceExpression>AbsoluteTerms</priceExpression>
						</netPrice>
					</initialPrice>
					<notionalReset>false</notionalReset>
					<valuationPriceFinal>
						<commission>
							<commissionDenomination>BPS</commissionDenomination>
							<commissionAmount>60</commissionAmount>
						</commission>
						<determinationMethod>HedgeUnwind</determinationMethod>
						<valuationRules>
							<valuationDate id="FinalValuationDate">
								<adjustableDate>
									<unadjustedDate>2004-10-17</unadjustedDate>
									<dateAdjustments>
										<businessDayConvention>NotApplicable</businessDayConvention>
									</dateAdjustments>
								</adjustableDate>
							</valuationDate>
						</valuationRules>
					</valuationPriceFinal>
					<paymentDates id="EquityPaymentDate">
						<paymentDateFinal id="FinalEquityPaymentDate">
							<relativeDate>
								<periodMultiplier>5</periodMultiplier>
								<period>D</period>
								<dayType>CurrencyBusiness</dayType>
								<businessDayConvention>FOLLOWING</businessDayConvention>
								<businessCenters id="PrimaryBusinessCenter">
									<businessCenter>USNY</businessCenter>
								</businessCenters>
								<dateRelativeTo href="FinalValuationDate"/>
							</relativeDate>
						</paymentDateFinal>
					</paymentDates>
				</rateOfReturn>
				<notional>
					<notionalAmount>
						<currency>USD</currency>
						<amount>55911.60</amount>
					</notionalAmount>
				</notional>
				<amount>
					<paymentCurrency href="ReferenceCurrency"/>
					<formula>
						<formulaDescription>Final Price * Number of Shares</formulaDescription>
						<math>
							<mi>valuationPriceFinal</mi>
							<mo>*</mo>
							<mi>openUnits</mi>
						</math>
					</formula>
					<cashSettlement>true</cashSettlement>
				</amount>
				<return>
					<returnType>Total</returnType>
					<dividendConditions>
						<dividendReinvestment>false</dividendReinvestment>
						<dividendEntitlement>ExDate</dividendEntitlement>
						<dividendPaymentDate>
							<dividendDateReference>EquityPaymentDate</dividendDateReference>
						</dividendPaymentDate>
						<dividendPeriodEffectiveDate href="TradeDate"/>
						<dividendPeriodEndDate href="FinalValuationDate"/>
						<!-- AP 2004.02.04 inserted execessDividendAmount for validation -->
						<excessDividendAmount>PaidAmount</excessDividendAmount>
						<paymentCurrency href="ReferenceCurrency"/>
					</dividendConditions>
				</return>
				<notionalAdjustments>Standard</notionalAdjustments>
				<fxFeature>
					<referenceCurrency id="ReferenceCurrency">USD</referenceCurrency>
					<composite>
						<determinationMethod>GoodFaith</determinationMethod>
					</composite>
				</fxFeature>
			</returnLeg>
			<principalExchangeFeatures>
				<principalExchanges>
					<initialExchange>true</initialExchange>
					<finalExchange>false</finalExchange>
					<intermediateExchange>false</intermediateExchange>
				</principalExchanges>
				<principalExchangeDescriptions>
					<payerPartyReference href="PartyB"/>
					<receiverPartyReference href="PartyA"/>
					<principalExchangeAmount>
						<principalAmount>
							<currency>USD</currency>
							<amount>55911.60</amount>
						</principalAmount>
					</principalExchangeAmount>
					<principalExchangeDate>
						<relativeDate>
							<periodMultiplier>0</periodMultiplier>
							<period>D</period>
							<businessDayConvention>NotApplicable</businessDayConvention>
							<dateRelativeTo href="EffectiveDate"/>
						</relativeDate>
					</principalExchangeDate>
				</principalExchangeDescriptions>
			</principalExchangeFeatures>
			<earlyTermination>
				<partyReference href="PartyA"/>
				<startingDate>
					<dateRelativeTo href="TradeDate"/>
				</startingDate>
			</earlyTermination>
			<earlyTermination>
				<partyReference href="PartyB"/>
				<startingDate>
					<dateRelativeTo href="TradeDate"/>
				</startingDate>
			</earlyTermination>
			<extraordinaryEvents>
				<mergerEvents>
					<shareForShare>ModifiedCalculationAgent</shareForShare>
					<shareForOther>ModifiedCalculationAgent</shareForOther>
					<shareForCombined>ModifiedCalculationAgent</shareForCombined>
				</mergerEvents>
				<tenderOffer>true</tenderOffer>
				<tenderOfferEvents>
					<shareForShare>ModifiedCalculationAgent</shareForShare>
					<shareForOther>ModifiedCalculationAgent</shareForOther>
					<shareForCombined>ModifiedCalculationAgent</shareForCombined>
				</tenderOfferEvents>
				<compositionOfCombinedConsideration>true</compositionOfCombinedConsideration>
				<additionalDisruptionEvents>
					<changeInLaw>true</changeInLaw>
					<failureToDeliver>true</failureToDeliver>
					<insolvencyFiling>false</insolvencyFiling>
					<hedgingDisruption>true</hedgingDisruption>
					<lossOfStockBorrow>true</lossOfStockBorrow>
					<increasedCostOfStockBorrow>false</increasedCostOfStockBorrow>
					<increasedCostOfHedging>false</increasedCostOfHedging>
					<determiningPartyReference href="PartyA"/>
				</additionalDisruptionEvents>
				<representations>
					<nonReliance>true</nonReliance>
					<agreementsRegardingHedging>true</agreementsRegardingHedging>
					<additionalAcknowledgements>true</additionalAcknowledgements>
				</representations>
				<nationalisationOrInsolvency>CancellationAndPayment</nationalisationOrInsolvency>
			</extraordinaryEvents>
		</returnSwap>
		<calculationAgent>
			<calculationAgentPartyReference href="PartyA"/>
		</calculationAgent>
		<documentation>
			<masterAgreement>
				<masterAgreementType>ISDA2002</masterAgreementType>
			</masterAgreement>
			<contractualDefinitions>ISDA2000</contractualDefinitions>
			<contractualDefinitions>ISDA2002Equity</contractualDefinitions>
		</documentation>
		<governingLaw>GBEN</governingLaw>
	</trade>
	<party id="PartyA">
		<partyId>Party A</partyId>
	</party>
	<party id="PartyB">
		<partyId>Party B</partyId>
	</party>
</FpML>
