<?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
  -->
<!-- This example is an FX OTC Euro Binary Option
  == UBS buys a two week GBP/USD European binary option and pays a premium.
  == At expiry, if the spot rate is above the trigger rate, UBS receives a payout.
  -->
<FpML version="4-2" xsi:type="DataDocument" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.fpml.org/2005/FpML-4-2 ../fpml-main-4-2.xsd" xmlns="http://www.fpml.org/2005/FpML-4-2">
	<trade>
		<tradeHeader>
			<partyTradeIdentifier>
				<partyReference href="CITI"/>
				<tradeId tradeIdScheme="http://www.citi.com/fx/trade-id">CITI10014</tradeId>
			</partyTradeIdentifier>
			<partyTradeIdentifier>
				<partyReference href="UBSW"/>
				<tradeId tradeIdScheme="http://www.ubsw.com/fx/trade-id">UBSW20014</tradeId>
			</partyTradeIdentifier>
			<tradeDate>2001-11-12</tradeDate>
		</tradeHeader>
		<fxDigitalOption>
			<productType>Euro Binary</productType>
			<buyerPartyReference href="UBSW"/>
			<sellerPartyReference href="CITI"/>
			<expiryDateTime>
				<expiryDate>2001-11-26</expiryDate>
				<expiryTime>
					<hourMinuteTime>14:00:00</hourMinuteTime>
					<businessCenter>GBLO</businessCenter>
				</expiryTime>
				<cutName>LondonEveningPgm</cutName>
			</expiryDateTime>
			<fxOptionPremium>
				<payerPartyReference href="UBSW"/>
				<receiverPartyReference href="CITI"/>
				<premiumAmount>
					<currency>GBP</currency>
					<amount>53000</amount>
				</premiumAmount>
				<premiumSettlementDate>2001-11-14</premiumSettlementDate>
			</fxOptionPremium>
			<valueDate>2001-11-28</valueDate>
			<quotedCurrencyPair>
				<currency1>GBP</currency1>
				<currency2>USD</currency2>
				<quoteBasis>Currency2PerCurrency1</quoteBasis>
			</quotedCurrencyPair>
			<spotRate>1.4800</spotRate>
			<fxEuropeanTrigger>
				<triggerCondition>Above</triggerCondition>
				<quotedCurrencyPair>
					<currency1>GBP</currency1>
					<currency2>USD</currency2>
					<quoteBasis>Currency2PerCurrency1</quoteBasis>
				</quotedCurrencyPair>
				<triggerRate>1.4800</triggerRate>
				<informationSource>
					<rateSource>Reuters</rateSource>
					<rateSourcePage>GBP=</rateSourcePage>
				</informationSource>
			</fxEuropeanTrigger>
			<triggerPayout>
				<currency>GBP</currency>
				<amount>750000</amount>
				<payoutStyle>Immediate</payoutStyle>
			</triggerPayout>
		</fxDigitalOption>
	</trade>
	<party id="CITI">
		<partyId>CITIUS33</partyId>
	</party>
	<party id="UBSW">
		<partyId>UBSWGB2L</partyId>
	</party>
</FpML>
