Aleris Auction Results, 9th March 2009
Final Results of the Aleris LCDS Auction, 9th March 2009
Final Price: 8
On 9th March 2009 , 10 dealers submitted inside markets, physical settlement requests and limit orders to the Aleris auction administered by Creditex and Markit to settle trades across the market referencing Aleris International, Inc. .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 2.875 | 5.875 | Bank of America, N.A. |
| Barclays Bank PLC | 1 | 4 | Barclays Bank PLC |
| Citigroup Global Markets Inc. | 1 | 4 | Citigroup Global Markets Inc. |
| Credit Suisse International | 2.125 | 5.125 | Credit Suisse International |
| Deutsche Bank AG | 1 | 4 | Deutsche Bank AG |
| Goldman Sachs Loan Partners | 3 | 6 | Goldman Sachs Loan Partners |
| J.P. Morgan Securities Inc. | 2 | 5 | J.P. Morgan Securities Inc. |
| Morgan Stanley Senior Funding, Inc. | 3 | 6 | Morgan Stanley Senior Funding, Inc. |
| The Royal Bank of Scotland PLC | 2 | 5 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 2.5 | 5.5 | UBS Securities LLC |
Inside Market Midpoint: 3.5
Adjustment Amounts
No adjustment amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, N.A. | Offer | 0 |
| Barclays Bank PLC | Offer | 0 |
| Citigroup Global Markets Inc. | Offer | 6 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs Loan Partners | Offer | 0 |
| J.P. Morgan Securities Inc. | Offer | 0 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities LLC | Offer | 0 |
| Morgan Stanley Senior Funding, Inc. | Bid | 46 |
Net Open Interest: $40 million to buy
| Sum of Buy Physical Requests | $46.0m |
| Sum of Sell Physical Requests | $6.0m |
| Sum of Physical Request Trades | $6.0m |
| Sum of Limit Order Trades | $40.0m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| Barclays Bank PLC ** | 4* | 2 |
| Deutsche Bank AG ** | 4* | 2 |
| Citigroup Global Markets Inc. ** | 4* | 2 |
| The Royal Bank of Scotland PLC ** | 5* | 2 |
| J.P. Morgan Securities Inc. ** | 5* | 2 |
| Credit Suisse International ** | 5.125* | 2 |
| UBS Securities LLC ** | 5.5* | 2 |
| Bank of America, N.A. ** | 5.875* | 2 |
| UBS Securities LLC | 6* | 5 |
| Goldman Sachs Loan Partners ** | 6* | 2 |
| Morgan Stanley Senior Funding, Inc. ** | 6* | 2 |
| Goldman Sachs Loan Partners | 7* | 7 |
| Barclays Bank PLC | 8^ | 2 |
| Citigroup Global Markets Inc. | 8^ | 5 |
| Goldman Sachs Loan Partners | 8^ | 5 |
| Goldman Sachs Loan Partners | 9 | 5 |
| J.P. Morgan Securities Inc. | 10 | 5 |
| Goldman Sachs Loan Partners | 10 | 5 |
| Citigroup Global Markets Inc. | 10 | 5 |
| Bank of America, N.A. | 10.5 | 2 |
| Citigroup Global Markets Inc. | 12 | 5 |
| J.P. Morgan Securities Inc. | 12 | 10 |
| Citigroup Global Markets Inc. | 15 | 5 |
| Barclays Bank PLC | 15 | 3 |
| Citigroup Global Markets Inc. | 20 | 5 |
| Morgan Stanley Senior Funding, Inc. | 25 | 5 |
| J.P. Morgan Securities Inc. | 25 | 40 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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