Abitibi Auction Results, 17th April 2009
Final Results of the Abitibi CDS Auction, 17th April 2009
Final Price: 3.25
On 17th April 2009, 11 dealers submitted inside markets, physical settlement requests and limit orders to the Abitibi auction administered by Creditex and Markit to settle trades across the market referencing Abitibi-Consolidated Inc. .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities LLC | 3 | 5 | Banc of America Securities LLC |
| Barclays Bank PLC | 3 | 5 | Barclays Bank PLC |
| BNP Paribas | 2.75 | 4.75 | BNP Paribas |
| Citigroup Global Markets Inc. | 3 | 5 | Citigroup Global Markets Inc. |
| Credit Suisse International | 2.875 | 4.875 | Credit Suisse International |
| Deutsche Bank AG | 4 | 6 | Deutsche Bank AG |
| Goldman Sachs & Co. | 2 | 4 | Goldman Sachs & Co. |
| J.P. Morgan Securities Inc. | 1 | 3 | J.P. Morgan Securities Inc. |
| Morgan Stanley & Co. Incorporated | 2.5 | 4.5 | Morgan Stanley & Co. Incorporated |
| The Royal Bank of Scotland PLC | 3 | 5 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 2.5 | 4.5 | UBS Securities LLC |
Inside Market Midpoint: 3.75
Adjustment Amounts
Deutsche Bank AG: $5,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 9.8 |
| Banc of America Securities LLC | Offer | 5.8 |
| Barclays Bank PLC | Offer | 20.122 |
| Citigroup Global Markets Inc. | Offer | 20 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs & Co. | Offer | 0 |
| J.P. Morgan Securities Inc. | Offer | 141.102 |
| The Royal Bank of Scotland PLC | Offer | 29.423 |
| UBS Securities LLC | Offer | 26 |
| Morgan Stanley & Co. Incorporated | Bid | 18 |
Net Open Interest: $234.247 million to sell
| Sum of Buy Physical Requests | $18.000m |
| Sum of Sell Physical Requests | $252.247m |
| Sum of Physical Request Trades | $18.000m |
| Sum of Limit Order Trades | $234.247m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Barclays Bank PLC | 4.75* | 100 |
| Barclays Bank PLC | 4.25* | 25 |
| Barclays Bank PLC | 4* | 25 |
| Deutsche Bank AG | 4* | 5 |
| Deutsche Bank AG** | 3.75* | 2 |
| Goldman Sachs & Co. | 3.75* | 6.5 |
| Barclays Bank PLC | 3.75* | 25 |
| Barclays Bank PLC | 3.5* | 5 |
| Barclays Bank PLC | 3.25^ | 50 |
| Banc of America Securities LLC | 3.125 | 20 |
| The Royal Bank of Scotland PLC | 3 | 10 |
| Morgan Stanley & Co. Incorporated | 3 | 5 |
| Barclays Bank PLC** | 3 | 2 |
| Citigroup Global Markets Inc.** | 3 | 2 |
| Citigroup Global Markets Inc. | 3 | 10 |
| The Royal Bank of Scotland PLC** | 3 | 2 |
| Banc of America Securities LLC** | 3 | 2 |
| Credit Suisse International** | 2.875 | 2 |
| BNP Paribas** | 2.75 | 2 |
| Banc of America Securities LLC | 2.75 | 10 |
| Goldman Sachs & Co. | 2.625 | 15 |
| Banc of America Securities LLC | 2.5 | 10 |
| Goldman Sachs & Co. | 2.5 | 15 |
| Goldman Sachs & Co. | 2.5 | 15 |
| The Royal Bank of Scotland PLC | 2.5 | 5 |
| Citigroup Global Markets Inc. | 2.5 | 10 |
| Morgan Stanley & Co. Incorporated** | 2.5 | 2 |
| UBS Securities LLC** | 2.5 | 2 |
| Morgan Stanley & Co. Incorporated | 2.5 | 5 |
| Goldman Sachs & Co. | 2.25 | 15 |
| Goldman Sachs & Co.** | 2 | 2 |
| Morgan Stanley & Co. Incorporated | 2 | 5 |
| The Royal Bank of Scotland PLC | 2 | 10 |
| Citigroup Global Markets Inc. | 2 | 10 |
| Credit Suisse International | 2 | 5 |
| Deutsche Bank AG | 2 | 234 |
| J.P. Morgan Securities Inc. | 1.625 | 50 |
| BNP Paribas | 1.5 | 9.8 |
| J.P. Morgan Securities Inc. | 1.5 | 75 |
| J.P. Morgan Securities Inc. | 1.375 | 100 |
| J.P. Morgan Securities Inc. | 1.25 | 150 |
| UBS Securities LLC | 1.125 | 234.247 |
| J.P. Morgan Securities Inc. | 1.125 | 200 |
| Citigroup Global Markets Inc. | 1 | 50 |
| J.P. Morgan Securities Inc.** | 1 | 2 |
| Credit Suisse International | 1 | 3 |
| UBS Securities LLC | 1 | 100 |
| J.P. Morgan Securities Inc. | 1 | 234 |
| UBS Securities LLC | 0.875 | 50 |
| UBS Securities LLC | 0.5 | 225 |
| Citigroup Global Markets Inc. | 0.5 | 100 |
| Citigroup Global Markets Inc. | 0.25 | 200 |
| Credit Suisse International | 0.125 | 10 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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