2006 Japan Master Variance Swap Confirmation Agreement

(published January 22, 2007)

The 2006 Japan Master Variance Swap Confirmation Agreement documents index and share variance swap transactions with respect to a Japanese index or share. Other than with regard to designation of the Calculation Agent, it is identical in terms to the 2006 Japan Interdealer Master Variance Swap Confirmation Agreement.

Member / Non-member $ 100.00 / $ 200.00