We report on preliminary results from our XMM-Newton observation of the Low Mass X-ray Binary 4U 1850-087, located in the galactic globular cluster NGC 6712. It is an ultracompact binary system, with an orbital period of 20.6 min. In previous low-resolution X-ray observations 4U 1850-087 displayed a soft excess residual around 0.7 keV, possibly indicative of the presence of a high Ne/O ratio, a...