Bowater Auction Results, 12th May 2009
Final Results of the Bowater CDS Auction, 12th May 2009
Final Price: 15
On 12th May 2009, 11 dealers submitted inside markets, physical settlement requests and limit orders to the Bowater auction administered by Creditex and Markit to settle trades across the market referencing Bowater Incorporated .
The Bowater Deliverable Obligations are denominated in USD .
| Relevant Currency |
|---|
| USD |
| Auction Currency Rates | |
|---|---|
| USD/USD | 1.00000 |
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America / Merrill Lynch | 12.5 | 14.5 | Bank of America / Merrill Lynch |
| Barclays | 12.5 | 14.5 | Barclays |
| BNP Paribas | 13 | 15 | BNP Paribas |
| Citibank | 15.5 | 17.5 | Citibank |
| Credit Suisse | 12.5 | 14.5 | Credit Suisse |
| Deutsche Bank AG | 14.5 | 16.5 | Deutsche Bank AG |
| Goldman Sachs | 13 | 15 | Goldman Sachs |
| JPMorgan Chase Bank, N.A. | 13 | 15 | JPMorgan Chase Bank, N.A. |
| Morgan Stanley | 12.5 | 14.5 | Morgan Stanley |
| The Royal Bank of Scotland | 14 | 16 | The Royal Bank of Scotland |
| UBS | 13 | 15 | UBS |
Inside Market Midpoint: 14
Adjustment Amounts
Citibank: $30,000
Deutsche Bank AG: $10,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 0 |
| Bank of America / Merrill Lynch | Offer | 13.433 |
| Barclays | Offer | 22.25 |
| Citibank | Offer | 50 |
| Credit Suisse | Offer | 15 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs | Offer | 5.9 |
| Morgan Stanley | Offer | 0 |
| The Royal Bank of Scotland | Offer | 0 |
| UBS | Offer | 12 |
| JPMorgan Chase Bank, N.A. | Bid | 1 |
Net Open Interest: $117.583 million to sell
| Sum of Buy Physical Requests | $1.000m |
| Sum of Sell Physical Requests | $118.583m |
| Sum of Physical Request Trades | $1.000m |
| Sum of Limit Order Trades | $117.583m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| JPMorgan Chase Bank, N.A. | 15^ | 35 |
| Bank of America / Merrill Lynch | 15^ | 3 |
| JPMorgan Chase Bank, N.A. | 15^ | 12 |
| JPMorgan Chase Bank, N.A. | 15^ | 10 |
| Morgan Stanley | 15^ | 117.583 |
| JPMorgan Chase Bank, N.A. | 15^ | 20 |
| Morgan Stanley | 15^ | 117 |
| UBS | 15^ | 25 |
| JPMorgan Chase Bank, N.A. | 15^ | 117.583 |
| JPMorgan Chase Bank, N.A. | 15^ | 5 |
| Morgan Stanley | 14.5 | 25 |
| Goldman Sachs | 14.5 | 15 |
| Citibank | 14.5 | 6 |
| Goldman Sachs | 14.375 | 10 |
| Deutsche Bank AG | 14.25 | 6.135 |
| Deutsche Bank AG | 14.25 | 62 |
| Goldman Sachs | 14.25 | 117.583 |
| Deutsche Bank AG** | 14 | 2 |
| The Royal Bank of Scotland** | 14 | 2 |
| Citibank** | 14 | 2 |
| JPMorgan Chase Bank, N.A. | 14 | 10 |
| Barclays | 14 | 10 |
| Barclays | 13.75 | 25 |
| Barclays | 13.5 | 25 |
| Goldman Sachs** | 13 | 2 |
| UBS** | 13 | 2 |
| BNP Paribas** | 13 | 2 |
| Deutsche Bank AG | 13 | 47 |
| JPMorgan Chase Bank, N.A.** | 13 | 2 |
| Bank of America / Merrill Lynch** | 12.5 | 2 |
| Credit Suisse** | 12.5 | 2 |
| Morgan Stanley** | 12.5 | 2 |
| Barclays** | 12.5 | 2 |
| Barclays | 12 | 10 |
| JPMorgan Chase Bank, N.A. | 12 | 25 |
| Citibank | 12 | 10 |
| Barclays | 10.125 | 25 |
| Credit Suisse | 10 | 5 |
| Barclays | 9.125 | 25 |
| Citibank | 9 | 20 |
| Credit Suisse | 8 | 5 |
| The Royal Bank of Scotland | 7 | 10 |
| Credit Suisse | 6 | 5 |
| Citibank | 5 | 100 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
Back to top