Glitnir Banki hf. CDS Auction Results, Wednesday 5th November 2008
Glitnir
Senior
Final Price: 3
Glitnir
Subordinated
Final Price: 0.125
Final Results of the Glitnir Banki hf. Senior Auction, Wednesday 5th November 2008
Final Price: 3
On Wednesday 5th November 2008 , 14 dealers submitted inside markets, physical settlement requests and limit orders to the Glitnir Banki hf. auction administered by Creditex and Markit to settle trades across the market referencing Glitnir Banki hf. .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 1 | 3 | Bank of America, N.A. |
| Barclays Bank PLC | 0.25 | 2.25 | Barclays Bank PLC |
| BNP Paribas | 1 | 3 | BNP Paribas |
| Citigroup Global Markets Limited | 1.25 | 3.25 | Citigroup Global Markets Limited |
| Credit Suisse International | 0.75 | 2.75 | Credit Suisse International |
| Deutsche Bank AG | 1.5 | 3.5 | Deutsche Bank AG |
| Dresdner Bank AG | 1.125 | 3.125 | Dresdner Bank AG |
| Goldman Sachs International | 2.25 | 4.25 | Goldman Sachs International |
| HSBC Bank plc | 1 | 3 | HSBC Bank plc |
| JPMorgan Chase Bank, N.A. | 0.75 | 2.75 | JPMorgan Chase Bank, N.A. |
| Merrill Lynch International | 0.75 | 2.75 | Merrill Lynch International |
| Morgan Stanley & Co. International | 1 | 3 | Morgan Stanley & Co. International |
| The Royal Bank of Scotland PLC | 1.25 | 3.25 | The Royal Bank of Scotland PLC |
| UBS AG | 0.25 | 2.25 | UBS AG |
Inside Market Midpoint: 2
Adjustment Amounts
Goldman Sachs International: €12,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 41 |
| Bank of America, N.A. | Offer | 43 |
| Barclays Bank PLC | Offer | 11 |
| Citigroup Global Markets Limited | Offer | 18 |
| Credit Suisse International | Offer | 201 |
| Deutsche Bank AG | Offer | 175 |
| Merrill Lynch International | Offer | 25 |
| Morgan Stanley & Co. International | Offer | 0 |
| The Royal Bank of Scotland PLC | Offer | 44 |
| UBS AG | Offer | 11 |
| Dresdner Bank AG | Bid | 5 |
| Goldman Sachs International | Bid | 21 |
| HSBC Bank plc | Bid | 6 |
| JPMorgan Chase Bank, N.A. | Bid | 350 |
Net Open Interest: €187 million to sell
| Sum of Buy Physical Requests | €382m |
| Sum of Sell Physical Requests | €569m |
| Sum of Physical Request Trades | €382m |
| Sum of Limit Order Trades | €187m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Deutsche Bank AG | 3^ | 1,337 |
| Morgan Stanley & Co. International | 2.5 | 30 |
| JPMorgan Chase Bank, N.A. | 2.5 | 120 |
| Morgan Stanley & Co. International | 2.375 | 30 |
| Morgan Stanley & Co. International | 2.25 | 30 |
| Citigroup Global Markets Limited | 2.25 | 150 |
| Goldman Sachs International** | 2 | 5 |
| Citigroup Global Markets Limited | 2 | 25 |
| Morgan Stanley & Co. International | 2 | 30 |
| Barclays Bank PLC | 2 | 8 |
| Citigroup Global Markets Limited | 1.875 | 15 |
| Morgan Stanley & Co. International | 1.875 | 40 |
| Credit Suisse International | 1.875 | 10 |
| Morgan Stanley & Co. International | 1.75 | 40 |
| Credit Suisse International | 1.75 | 5 |
| Morgan Stanley & Co. International | 1.625 | 40 |
| Credit Suisse International | 1.625 | 5 |
| JPMorgan Chase Bank, N.A. | 1.625 | 40 |
| Deutsche Bank AG** | 1.5 | 5 |
| JPMorgan Chase Bank, N.A. | 1.5 | 27 |
| Barclays Bank PLC | 1.5 | 8 |
| Credit Suisse International | 1.5 | 5 |
| Morgan Stanley & Co. International | 1.5 | 40 |
| Credit Suisse International | 1.375 | 5 |
| Merrill Lynch International | 1.375 | 50 |
| UBS AG | 1.375 | 20 |
| Citigroup Global Markets Limited** | 1.25 | 5 |
| The Royal Bank of Scotland PLC** | 1.25 | 5 |
| UBS AG | 1.25 | 20 |
| The Royal Bank of Scotland PLC | 1.25 | 25 |
| Credit Suisse International | 1.25 | 5 |
| Dresdner Bank AG** | 1.125 | 5 |
| Credit Suisse International | 1.125 | 5 |
| UBS AG | 1.125 | 20 |
| HSBC Bank plc** | 1 | 5 |
| BNP Paribas** | 1 | 5 |
| Morgan Stanley & Co. International** | 1 | 5 |
| Bank of America, N.A.** | 1 | 5 |
| The Royal Bank of Scotland PLC | 1 | 25 |
| BNP Paribas | 1 | 30 |
| Barclays Bank PLC | 1 | 8 |
| Morgan Stanley & Co. International | 1 | 15 |
| Credit Suisse International | 0.875 | 50 |
| Credit Suisse International** | 0.75 | 5 |
| Merrill Lynch International** | 0.75 | 5 |
| JPMorgan Chase Bank, N.A.** | 0.75 | 5 |
| The Royal Bank of Scotland PLC | 0.75 | 50 |
| Morgan Stanley & Co. International | 0.75 | 15 |
| The Royal Bank of Scotland PLC | 0.5 | 25 |
| UBS AG | 0.5 | 10 |
| Barclays Bank PLC** | 0.25 | 5 |
| UBS AG** | 0.25 | 5 |
| Bank of America, N.A. | 0.25 | 20 |
| UBS AG | 0.25 | 10 |
| HSBC Bank plc | 0.125 | 5 |
| Bank of America, N.A. | 0.125 | 23 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
Back to topFinal Results of the Glitnir Banki hf. Subordinated Auction, Wednesday 5th November 2008
Final Price: 0.125
On Wednesday 5th November 2008 , 14 dealers submitted inside markets, physical settlement requests and limit orders to the Glitnir Banki hf. auction administered by Creditex and Markit to settle trades across the market referencing Glitnir Banki hf. .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 0 | 2 | Bank of America, N.A. |
| Barclays Bank PLC | 0 | 2 | Barclays Bank PLC |
| BNP Paribas | 0 | 2 | BNP Paribas |
| Citigroup Global Markets Limited | 0 | 2 | Citigroup Global Markets Limited |
| Credit Suisse International | 0 | 2 | Credit Suisse International |
| Deutsche Bank AG | 0 | 2 | Deutsche Bank AG |
| Dresdner Bank AG | 0.125 | 2.125 | Dresdner Bank AG |
| Goldman Sachs International | 0.25 | 2.25 | Goldman Sachs International |
| HSBC Bank plc | 0.5 | 2.5 | HSBC Bank plc |
| JPMorgan Chase Bank, N.A. | 0.125 | 2.125 | JPMorgan Chase Bank, N.A. |
| Merrill Lynch International | 0 | 2 | Merrill Lynch International |
| Morgan Stanley & Co. International | 0 | 2 | Morgan Stanley & Co. International |
| The Royal Bank of Scotland PLC | 0 | 2 | The Royal Bank of Scotland PLC |
| UBS AG | 0 | 2 | UBS AG |
Inside Market Midpoint: 1.125
Adjustment Amounts
No adjustment amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 40 |
| Bank of America | Offer | 0 |
| Barclays | Offer | 0 |
| Citigroup | Offer | 0 |
| Credit Suisse | Offer | 14 |
| Deutsche Bank | Offer | 6 |
| Dresdner | Offer | 0 |
| HSBC | Offer | 0 |
| JP Morgan Chase | Offer | 15 |
| Merrill Lynch | Offer | 0 |
| Morgan Stanley | Offer | 0 |
| Royal Bank of Scotland | Offer | 0 |
| UBS | Offer | 0 |
| Goldman Sachs | Bid | 20 |
Net Open Interest: €55 million to sell
| Sum of Buy Physical Requests | €20m |
| Sum of Sell Physical Requests | €75m |
| Sum of Physical Request Trades | €20m |
| Sum of Limit Order Trades | €55m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Credit Suisse International | 1.125* | 5 |
| HSBC Bank plc** | 0.5* | 2 |
| Goldman Sachs International** | 0.25* | 2 |
| JPMorgan Chase Bank, N.A.** | 0.125^ | 2 |
| Dresdner Bank AG** | 0.125^ | 2 |
| Morgan Stanley & Co. International | 0.125^ | 55 |
| Citigroup Global Markets Limited** | 0 | 2 |
| BNP Paribas** | 0 | 2 |
| Morgan Stanley & Co. International** | 0 | 2 |
| Deutsche Bank AG** | 0 | 2 |
| The Royal Bank of Scotland PLC** | 0 | 2 |
| Merrill Lynch International** | 0 | 2 |
| Barclays Bank PLC** | 0 | 2 |
| Bank of America, N.A.** | 0 | 2 |
| Credit Suisse International** | 0 | 2 |
| UBS AG** | 0 | 2 |
| Deutsche Bank AG | 0 | 55 |
| UBS AG | 0 | 35 |
| BNP Paribas | 0 | 10 |
| JPMorgan Chase Bank, N.A. | 0 | 1,337 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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