<?xml version="1.0" encoding="UTF-8"?>
<!-- Copyright (c) 2005 CEBS Secretariat Ltd., Tower 42, 25 Old Broad Street, London, EC2N 1HQ, United Kingdom. -->
<schema elementFormDefault="qualified" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns="http://www.w3.org/2001/XMLSchema" targetNamespace="http://www.c-ebs.org/eu/fr/esrs/corep/2006-07-01/p-ol-2006-07-01" attributeFormDefault="unqualified" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:p-ol="http://www.c-ebs.org/eu/fr/esrs/corep/2006-07-01/p-ol-2006-07-01" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:ref="http://www.xbrl.org/2004/ref" xmlns:ref-corep="http://www.c-ebs.org/eu/fr/esrs/corep/2005-09-30/ref-corep-2005-09-30" xmlns:dt="http://xbrl.c-ebs.org/dt">
  <annotation>
    <appinfo>
      <link:linkbaseRef xlink:type="simple" xlink:href="p-ol-2006-07-01-presentation.xml" xlink:title="Presentation Links, all" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"/>
      <link:linkbaseRef xlink:type="simple" xlink:href="p-ol-2006-07-01-definition.xml" xlink:title="Definition Links, all" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"/>
      <link:linkbaseRef xlink:type="simple" xlink:href="p-ol-2006-07-01-label.xml" xlink:title="Label Links, all" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"/>
      <link:linkbaseRef xlink:type="simple" xlink:href="p-ol-2006-07-01-reference.xml" xlink:title="Reference Links, all" xlink:role="http://www.xbrl.org/2003/role/referenceLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"/>
      <link:roleType roleURI="http://www.c-ebs.org/2006/corep/eu/ol" id="RT_1">
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:labelLink</link:usedOn>
      </link:roleType>
    </appinfo>
  </annotation>
  <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <import namespace="http://xbrl.c-ebs.org/dt" schemaLocation="dt-2005-06-30.xsd"/>
  <import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="xbrldt-2005.xsd"/>
  <import namespace="http://www.c-ebs.org/eu/fr/esrs/corep/2005-09-30/ref-corep-2005-09-30" schemaLocation="ref-corep-2005-09-30.xsd"/>
  <import namespace="http://www.xbrl.org/2004/ref" schemaLocation="ref-2004-08-10.xsd"/>
  <element name="BreakdownGrossLossByBusinessLines" id="p-ol_BreakdownGrossLossByBusinessLines" type="xbrli:pureItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration"/>
  <element name="FirstPaymentFromRiskTransferMechanisms" id="p-ol_FirstPaymentFromRiskTransferMechanisms" type="xbrli:dateItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="GrossLossAmount" id="p-ol_GrossLossAmount" type="dt:nonNegativeMonetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="LatestPaymentFromRiskTransferMechanisms" id="p-ol_LatestPaymentFromRiskTransferMechanisms" type="xbrli:dateTimeItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="LossAlreadyDirectlyRecovered" id="p-ol_LossAlreadyDirectlyRecovered" type="dt:nonNegativeMonetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="LossAlreadyRecoveredFromRiskTransferMechanisms" id="p-ol_LossAlreadyRecoveredFromRiskTransferMechanisms" type="dt:nonNegativeMonetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="LossPotentiallyToBeRecoveredDirectlyOrFromRiskTransferMechanisms" id="p-ol_LossPotentiallyToBeRecoveredDirectlyOrFromRiskTransferMechanisms" type="dt:nonNegativeMonetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="Ocurrence" id="p-ol_Ocurrence" type="xbrli:dateItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="OfWhichUnrealized" id="p-ol_OfWhichUnrealized" type="dt:nonNegativeMonetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="OPRLOSSDetailsDomain" id="p-ol_OPRLOSSDetailsDomain" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="instant"/>
  <element name="Recognition" id="p-ol_Recognition" type="xbrli:dateItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="RelatedToCROrMKR" id="p-ol_RelatedToCROrMKR" type="p-ol:relatedToItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration"/>
  <element name="RelevantDatesEvents" id="p-ol_RelevantDatesEvents" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="instant"/>
  <element name="RiskEventType" id="p-ol_RiskEventType" type="xbrli:positiveIntegerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <element name="Status" id="p-ol_Status" type="p-ol:statusEndedItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration"/>
  <complexType name="relatedToItemType">
    <simpleContent>
      <restriction base="xbrli:stringItemType">
        <enumeration value="CR"/>
        <enumeration value="MKR"/>
      </restriction>
    </simpleContent>
  </complexType>
  <complexType name="statusEndedItemType">
    <simpleContent>
      <restriction base="xbrli:stringItemType">
        <enumeration value="Yes"/>
        <enumeration value="No"/>
      </restriction>
    </simpleContent>
  </complexType>
</schema>
