Final Results of the Masonite Auction, Tuesday 9th December 2008
Final Price: 52.5
On Tuesday 9th December 2008 , 10 dealers submitted inside markets, physical settlement requests and limit orders to the Masonite auction administered by Markit and Creditex to settle trades across the market referencing Masonite International Corporation .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 51 | 54 | Bank of America, N.A. |
| Barclays Bank PLC | 48.5 | 51.5 | Barclays Bank PLC |
| Citigroup Global Markets Inc. | 48.625 | 51.625 | Citigroup Global Markets Inc. |
| Credit Suisse International | 50 | 53 | Credit Suisse International |
| Deutsche Bank AG | 52 | 55 | Deutsche Bank AG |
| Goldman Sachs Credit Partners L.P. | 48 | 51 | Goldman Sachs Credit Partners L.P. |
| JP Morgan Chase | 49.5 | 52.5 | JP Morgan Chase |
| Merrill Lynch Capital Services, Inc. | 47.5 | 50.5 | Merrill Lynch Capital Services, Inc. |
| Morgan Stanley Senior Funding, Inc. | 52 | 55 | Morgan Stanley Senior Funding, Inc. |
| UBS Securities LLC | 50 | 53 | UBS Securities LLC |
Inside Market Midpoint: 51.125
Adjustment Amounts
Merrill Lynch Capital Services, Inc.: $15,625
Goldman Sachs Credit Partners L.P.: $3,125
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, N.A. | Offer | 0 |
| Barclays Bank PLC | Offer | 10 |
| Citigroup Global Markets Inc. | Offer | 2.5 |
| JP Morgan Chase | Offer | 0 |
| Merrill Lynch Capital Services, Inc. | Offer | 0 |
| UBS Securities LLC | Offer | 0 |
| Credit Suisse International | Bid | 5.5 |
| Deutsche Bank AG | Bid | 5 |
| Goldman Sachs Credit Partners L.P. | Bid | 0 |
| Morgan Stanley Senior Funding, Inc. | Bid | 20 |
Net Open Interest: $18 million to buy
| Sum of Buy Physical Requests | $30.5m |
| Sum of Sell Physical Requests | $12.5m |
| Sum of Physical Request Trades | $12.5m |
| Sum of Limit Order Trades | $18m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| Barclays Bank PLC | 50.125* | 5 |
| Merrill Lynch Capital Services, Inc.** | 51.125* | 2.5 |
| Goldman Sachs Credit Partners L.P.** | 51.125* | 2.5 |
| Barclays Bank PLC** | 51.5* | 2.5 |
| Citigroup Global Markets Inc.** | 51.625* | 2.5 |
| Goldman Sachs Credit Partners L.P. | 52* | 2.5 |
| JP Morgan Chase** | 52.5^ | 2.5 |
| JP Morgan Chase | 52.5^ | 5 |
| Credit Suisse International | 52.625 | 4 |
| Credit Suisse International** | 53 | 2.5 |
| UBS Securities LLC** | 53 | 2.5 |
| Bank of America, N.A. | 53.5 | 2.5 |
| Bank of America, N.A.** | 54 | 2.5 |
| Bank of America, N.A. | 54 | 2.5 |
| Credit Suisse International | 54 | 4 |
| Merrill Lynch Capital Services, Inc. | 54.75 | 2.5 |
| Deutsche Bank AG** | 55 | 2.5 |
| Morgan Stanley Senior Funding, Inc.** | 55 | 2.5 |
| Credit Suisse International | 55 | 3.5 |
| Bank of America, N.A. | 55 | 2.5 |
| JP Morgan Chase | 55.5 | 5 |
| JP Morgan Chase | 56 | 5 |
| JP Morgan Chase | 57 | 3 |
| Barclays Bank PLC | 65 | 5 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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