<?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>
		<!-- Variance Swap Share Example -->
		<tradeHeader>
			<partyTradeIdentifier>
				<partyReference href="PartyA"/>
				<tradeId tradeIdScheme="http://www.partyA.com/eqs-trade-id">6234</tradeId>
			</partyTradeIdentifier>
			<partyTradeIdentifier>
				<partyReference href="PartyB"/>
				<tradeId tradeIdScheme="http://www.partyB.com/eqs-trade-id">6569</tradeId>
			</partyTradeIdentifier>
			<tradeDate id="TradeDate">2001-09-24</tradeDate>
		</tradeHeader>
		<returnSwap>
			<productType>SingleStockVarianceSwap</productType>
			<buyerPartyReference href="PartyA"/>
			<sellerPartyReference href="PartyB"/>
			<varianceLeg>
				<payerPartyReference href="PartyA"/>
				<receiverPartyReference href="PartyB"/>
				<underlyer>
					<singleUnderlyer>
						<equity>
							<instrumentId instrumentIdScheme="http://www.fpml.org/schemes/4.1/instrumentId">IBM</instrumentId>
							<description>IBM ordinary shares</description>
							<exchangeId exchangeIdScheme="http://www.fpml.org/schemes/4.1/exchangeId">NYSE</exchangeId>
						</equity>
					</singleUnderlyer>
				</underlyer>
				<equityValuation>
					<valuationDate id="FinalValuationDate">
						<adjustableDate>
							<unadjustedDate>2004-07-21</unadjustedDate>
							<dateAdjustments>
								<businessDayConvention>NotApplicable</businessDayConvention>
							</dateAdjustments>
						</adjustableDate>
					</valuationDate>
					<optionsPriceValuation>true</optionsPriceValuation>
				</equityValuation>
				<equityAmount>
					<paymentCurrency id="EquityPaymentCurrency">
						<currency>USD</currency>
					</paymentCurrency>
					<variance>
						<closingLevel>true</closingLevel>
						<varianceAmount>
							<currency>USD</currency>
							<amount>350000</amount>
						</varianceAmount>
						<varianceStrikePrice>85.00</varianceStrikePrice>
						<exchangeTradedContractNearest>
							<instrumentId instrumentIdScheme="http://www.fpml.org/schemes/4.1/instrumentId">.IBM</instrumentId>
							<description>IBM ordinary shares</description>
							<currency>USD</currency>
							<exchangeId exchangeIdScheme="http://www.fpml.org/schemes/4.1/exchangeId">NYSE</exchangeId>
							<relatedExchangeId exchangeIdScheme="http://www.fpml.org/schemes/4.1/exchangeId">CBOE</relatedExchangeId>
							<contractReference>CBOE SEP04 IBM EUROPEAN OPTION</contractReference>
							<expirationDate>
								<adjustableDate>
									<unadjustedDate>2004-09-23</unadjustedDate>
									<dateAdjustments>
										<businessDayConvention>NONE</businessDayConvention>
									</dateAdjustments>
								</adjustableDate>
							</expirationDate>
						</exchangeTradedContractNearest>
					</variance>
					<cashSettlement>true</cashSettlement>
					<optionsExchangeDividends>true</optionsExchangeDividends>
					<additionalDividends>false</additionalDividends>
				</equityAmount>
			</varianceLeg>
		</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>
