<?xml version="1.0" encoding="UTF-8"?>
<!--
  == Copyright (c) 2002-2006. 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 http://www.w3.org/2000/09/xmldsig# xmldsig-core-schema.xsd" xsi:type="NovationConsentRequest">
	<header>
		<conversationId conversationIdScheme="http://www.xyzbank.com/cd-trade-id/conversationId/OTC">NovationCDS_ABC_XYZ</conversationId>
		<messageId messageIdScheme="http://www.xyzbank.com/cd-trade-id/messageId/OTC">NovationCDS_ABC_XYZ_msg0001</messageId>
		<sentBy partyIdScheme="http://www.xyzbank.com/cd-trade-id/partyId">XYZ Bank</sentBy>
		<creationTimestamp>2006-01-01T09:01:00-00:00</creationTimestamp>
	</header>
	<novation>
		<oldTransaction>
			<tradeHeader>
				<partyTradeIdentifier>
					<partyReference href="xyzBank"/>
					<tradeId tradeIdScheme="http://www.xyzbank.com/tradeId/OTC">TradeXYZ0001</tradeId>
				</partyTradeIdentifier>
				<partyTradeIdentifier>
					<partyReference href="abcBank"/>
					<tradeId tradeIdScheme="http://www.abcbank.com/tradeId/OTC">TradeABC0001</tradeId>
				</partyTradeIdentifier>
				<tradeDate>2002-12-02</tradeDate>
			</tradeHeader>
			<creditDefaultSwap>
				<generalTerms>
					<effectiveDate>
						<unadjustedDate>2002-12-03</unadjustedDate>
					</effectiveDate>
					<scheduledTerminationDate>
						<adjustableDate>
							<unadjustedDate>2008-01-15</unadjustedDate>
						</adjustableDate>
					</scheduledTerminationDate>
					<sellerPartyReference href="abcBank"/>
					<buyerPartyReference href="xyzBank"/>
					<referenceInformation>
						<referenceEntity id="referenceEntity">
							<entityName>Abbey National PLC</entityName>
							<entityId entityIdScheme="http://www.fpml.org/spec/2003/entity-id-RED-1-0">002BB2</entityId>
						</referenceEntity>
						<referenceObligation>
							<bond>
								<instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-ISIN-1-0">XS009316049</instrumentId>
								<couponRate>0.05375</couponRate>
								<maturity>2009-12-30</maturity>
							</bond>
							<primaryObligor>
								<entityName>Abbey National Treasury Services plc</entityName>
								<entityId entityIdScheme="http://www.fpml.org/spec/2003/entity-id-RED-1-0">GLEECI</entityId>
							</primaryObligor>
							<guarantorReference href="referenceEntity"/>
						</referenceObligation>
					</referenceInformation>
				</generalTerms>
				<feeLeg>
					<periodicPayment>
						<paymentFrequency>
							<periodMultiplier>3</periodMultiplier>
							<period>M</period>
						</paymentFrequency>
						<firstPaymentDate>2003-01-15</firstPaymentDate>
						<rollConvention>15</rollConvention>
						<fixedAmountCalculation>
							<fixedRate>0.009</fixedRate>
						</fixedAmountCalculation>
					</periodicPayment>
				</feeLeg>
				<protectionTerms>
					<calculationAmount>
						<currency>EUR</currency>
						<amount>5000000</amount>
					</calculationAmount>
				</protectionTerms>
			</creditDefaultSwap>
			<documentation>
				<masterConfirmation>
					<masterConfirmationType>ISDA2003CreditEuropean</masterConfirmationType>
					<masterConfirmationDate>2003-06-06</masterConfirmationDate>
				</masterConfirmation>
			</documentation>
		</oldTransaction>
		<newTransactionReference>
			<partyTradeIdentifier>
				<partyReference href="xyzBank"/>
				<tradeId tradeIdScheme="http://www.xyzbank.com/tradeId/OTC">TradeXYZ0001</tradeId>
			</partyTradeIdentifier>
		</newTransactionReference>
		<transferor href="abcBank"/>
		<transferee href="newBank"/>
		<remainingParty href="xyzBank"/>
		<novationDate>2006-01-08</novationDate>
		<novatedAmount>
			<currency>EUR</currency>
			<amount>5000000</amount>
		</novatedAmount>
		<firstPeriodStartDate href="abcBank">2006-01-15</firstPeriodStartDate>
		<creditDerivativesNotices>
			<creditEvent>true</creditEvent>
			<publiclyAvailableInformation>false</publiclyAvailableInformation>
			<physicalSettlement>true</physicalSettlement>
		</creditDerivativesNotices>
		<contractualDefinitions>ISDA2003Credit</contractualDefinitions>
	</novation>
	<party id="xyzBank">
		<partyId>XYZBIC345</partyId>
	</party>
	<party id="abcBank">
		<partyId>ABCBIC123</partyId>
	</party>
	<party id="newBank">
		<partyId>NBKXXX342</partyId>
	</party>
</FpML>
