<?xml version="1.0" encoding="UTF-8"?>
<!-- edited with XMLSpy v2005 rel. 3 U (http://www.altova.com) by Farzad Moshfeghi (J P Morgan Victoria Embankment) -->
<!-- http://www.fpml.org/2005/FpML-4-2 ./fpml.xsd -->
<FpML xmlns="http://www.fpml.org/2005/FpML-4-2" xmlns:ibml="http://ibml.jel.com/2005" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://ibml.jel.com/2005 ./ibml.xsd" xsi:type="ibml:ContractAmended" version="4-2">
  <header xmlns="http://www.fpml.org/2005/FpML-4-2">
    <messageId messageIdScheme="http://www.abc.com/coding-scheme/message-id">ABC00000000120060707105612</messageId>
    <sentBy partyIdScheme="http://www.fpml.org/ext/iso9362">ABCAGB2L</sentBy>
    <sendTo partyIdScheme="http://www.fpml.org/ext/iso9362">CHASGB2L</sendTo>
    <creationTimestamp>2006-07-07T10:56:12+01:00</creationTimestamp>
  </header>
  <validation></validation>
  <ibml:amendment xmlns:ibml="http://ibml.jel.com/2005">
    <contractReference xmlns="http://www.fpml.org/2005/FpML-4-2">
      <identifier>
        <partyReference href="ABC"/>
        <contractId contractIdScheme="ABCcontracts">123456</contractId>
      </identifier>
    </contractReference>
    <date xmlns="http://www.fpml.org/2005/FpML-4-2">2007-01-12</date>
    <effectiveDate xmlns="http://www.fpml.org/2005/FpML-4-2">2007-01-13</effectiveDate>
    <ibml:revisedContract>
      <header xsi:type="ibml:ContractHeader" xmlns="http://www.fpml.org/2005/FpML-4-2">
        <identifier>
          <partyReference href="ABC"/>
          <versionedContractId>
            <contractId contractIdScheme="http://www.abc.com/coding-scheme/contract-id">CDI290204</contractId>
            <version>1</version>
          </versionedContractId>
        </identifier>
        <contractDate>2006-07-07</contractDate>
        <ibml:xyz>123</ibml:xyz>
      </header>
      <creditDefaultSwap xmlns="http://www.fpml.org/2005/FpML-4-2">
        <productType>CREDIT-SWAP-SINGLE</productType>
        <generalTerms>
          <effectiveDate>

            <unadjustedDate>2006-10-13</unadjustedDate>
            <dateAdjustments>
              <businessDayConvention>MODFOLLOWING</businessDayConvention>
              <businessCenters>
                <businessCenter>USNY</businessCenter>
              </businessCenters>
            </dateAdjustments>
          </effectiveDate>
          <scheduledTerminationDate>
            <adjustableDate>
              <unadjustedDate>2011-12-20</unadjustedDate>
              <dateAdjustments>
                <businessDayConvention>MODFOLLOWING</businessDayConvention>
                <businessCenters>
                  <businessCenter>USNY</businessCenter>
                </businessCenters>
              </dateAdjustments>
            </adjustableDate>
          </scheduledTerminationDate>
          <sellerPartyReference href="JEL"/>
          <buyerPartyReference href="ABC"/>
          <referenceInformation>
            <referenceEntity id="referenceEntityID">
              <entityName>REP OF INDONESIA</entityName>
              <entityId entityIdScheme="http://www.fpml.org/spec/2003/entity-id-RED-1-0">4F247D</entityId>
            </referenceEntity>
            <referenceObligation>
              <bond>
                <instrumentId instrumentIdScheme="http://www.fpml.org/spec/2002/instrument-id-ISIN-1-0">USY20721AA74</instrumentId>
                <couponRate>6.75</couponRate>
                <maturity>2014-03-10</maturity>
              </bond>
              <primaryObligorReference href="referenceEntityID"/>
              <guarantorReference href="referenceEntityID"/>
            </referenceObligation>
            <allGuarantees>true</allGuarantees>
            <referencePrice>1.52</referencePrice>
          </referenceInformation>
        </generalTerms>
        <feeLeg>
          <periodicPayment>
            <paymentFrequency>
              <periodMultiplier>3</periodMultiplier>
              <period>M</period>
            </paymentFrequency>
            <firstPaymentDate>2006-12-20</firstPaymentDate>
            <lastRegularPaymentDate>2011-12-20</lastRegularPaymentDate>
            <rollConvention>NONE</rollConvention>
            <fixedAmountCalculation>
              <calculationAmount>
                <currency>USD</currency>
                <amount>1555000.00</amount>
              </calculationAmount>
              <fixedRate>0.0152</fixedRate>
              <dayCountFraction>ACT/360</dayCountFraction>
            </fixedAmountCalculation>
          </periodicPayment>
        </feeLeg>
        <protectionTerms>
          <calculationAmount>
            <currency>USD</currency>
            <amount>1555000.00</amount>
          </calculationAmount>
          <creditEvents>
            <bankruptcy/>
            <failureToPay>
              <paymentRequirement>
                <currency>USD</currency>
                <amount>0</amount>
              </paymentRequirement>
            </failureToPay>
            <restructuring>
              <restructuringType restructuringScheme="http://www.fpml.org/2003/restructuring-1-0">ModModR</restructuringType>
            </restructuring>
            <creditEventNotice>
              <notifyingParty>
                <buyerPartyReference href="ABC"/>
                <sellerPartyReference href="JEL"/>
              </notifyingParty>
              <publiclyAvailableInformation>
                <standardPublicSources/>
                <publicSource/>
                <specifiedNumber>2</specifiedNumber>
              </publiclyAvailableInformation>
            </creditEventNotice>
          </creditEvents>
          <obligations>
            <category>BorrowedMoney</category>
          </obligations>
        </protectionTerms>
        <cashSettlementTerms>
          <settlementCurrency>USD</settlementCurrency>
          <cashSettlementBusinessDays>3</cashSettlementBusinessDays>
          <cashSettlementAmount>
            <currency>USD</currency>
            <amount>1000</amount>
          </cashSettlementAmount>
          <accruedInterest>false</accruedInterest>
        </cashSettlementTerms>
      </creditDefaultSwap>
      <documentation xmlns="http://www.fpml.org/2005/FpML-4-2">
        <contractualDefinitions>ISDA2003Credit</contractualDefinitions>
        <contractualSupplement>ISDA2003CreditMay2003</contractualSupplement>
      </documentation>
    </ibml:revisedContract>
  </ibml:amendment>
  <ibml:party id="ABC" xmlns:ibml="http://ibml.jel.com/2005">
    <partyId partyIdScheme="http://www.fpml.org/ext/iso9362" xmlns="http://www.fpml.org/2005/FpML-4-2">ABCAGB2L</partyId>
    <partyName xmlns="http://www.fpml.org/2005/FpML-4-2">ABC LIMITED</partyName>
    <account id="ClientBook" xmlns="http://www.fpml.org/2005/FpML-4-2">
      <accountId accountIdScheme="http://www.client.com/coding-scheme/sub-fund-id">ABC-BOOK1</accountId>
      <accountName>CDS Book</accountName>
    </account>
    <account id="primaryAct1" xmlns="http://www.fpml.org/2005/FpML-4-2">
      <accountId accountIdScheme="http://www.client.com/coding-scheme/fund-id">PRIM_450</accountId>
      <accountName>PRIMARY_ACCOUNT</accountName>
    </account>
  </ibml:party>
  <ibml:party id="JEL" xmlns:ibml="http://ibml.jel.com/2005">
    <partyId partyIdScheme="http://www.fpml.org/ext/iso9362" xmlns="http://www.fpml.org/2005/FpML-4-2">CHASUS33</partyId>
    <partyName xmlns="http://www.fpml.org/2005/FpML-4-2">JELC</partyName>
  </ibml:party>
</FpML>