Both the swap and termination confirms look fine to me.   The only question I 
would have for you in on the swap confirm.   On page 6, there is a transfer 
provision at the bottom of the page.   I don't know what the transfer 
provision in Section 7 of the Master Agreement is, but I just want to be sure 
that this does not allow them to freely transfer their obligations under the 
agreement to a non-affiliate.   I know that the trade has been terminated, but 
I just don't want any bad precedents being set.   This language may be just 
fine; I just wanted to be sure.   Otherwise, it looks good to me. 
CF