Equistar Auction Results, 3rd February 2009
Final Results of the Equistar CDS Auction, 3rd February 2009
Final Price: 27.5
On 3rd February 2009, 11 dealers submitted inside markets, physical settlement requests and limit orders to the Equistar auction administered by Creditex and Markit to settle trades across the market referencing Equistar Chemicals, LP .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities, LLC | 30.5 | 32.5 | Banc of America Securities, LLC |
| Barclays Bank PLC | 27.5 | 29.5 | Barclays Bank PLC |
| BNP Paribas | 29.5 | 31.5 | BNP Paribas |
| Citigroup Global Markets Inc. | 31.125 | 33.125 | Citigroup Global Markets Inc. |
| Credit Suisse International | 29.625 | 31.625 | Credit Suisse International |
| Deutsche Bank AG | 28 | 30 | Deutsche Bank AG |
| Goldman Sachs & Co. | 28 | 30 | Goldman Sachs & Co. |
| J.P. Morgan Securities Inc. | 30 | 32 | J.P. Morgan Securities Inc. |
| Morgan Stanley & Co. Incorporated | 29 | 31 | Morgan Stanley & Co. Incorporated |
| The Royal Bank of Scotland PLC | 29 | 31 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 30 | 32 | UBS Securities LLC |
Inside Market Midpoint:
30.375
Adjustment Amounts
Citigroup Global Markets
Inc.: $15,000
Banc of America Securities,
LLC: $2,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 0 |
| Banc of America Securities, LLC | Offer | 0 |
| Barclays Bank PLC | Offer | 5 |
| Citigroup Global Markets Inc. | Offer | 0 |
| Credit Suisse International | Offer | 3 |
| Deutsche Bank AG | Offer | 25.476 |
| Goldman Sachs & Co. | Offer | 0 |
| J.P. Morgan Securities Inc. | Offer | 0 |
| Morgan Stanley & Co. Incorporated | Offer | 0 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities LLC | Offer | 0 |
Net Open Interest: $33.476 million to sell
| Sum of Buy Physical Requests | $0.0m |
| Sum of Sell Physical Requests | $33.476m |
| Sum of Physical Request Trades | $0.0m |
| Sum of Limit Order Trades | $33.476m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Citigroup Global Markets Inc.** | 30.375* | 2 |
| Banc of America Securities, LLC** | 30.375* | 2 |
| UBS Securities LLC** | 30.375* | 2 |
| J.P. Morgan Securities Inc.** | 30* | 2 |
| Credit Suisse International** | 29.625* | 2 |
| BNP Paribas** | 29.5* | 2 |
| The Royal Bank of Scotland PLC** | 29* | 2 |
| Morgan Stanley & Co. Incorporated** | 29* | 2 |
| Banc of America Securities, LLC | 28.5* | 2 |
| Goldman Sachs & Co.** | 28* | 2 |
| Deutsche Bank AG** | 28* | 2 |
| Citigroup Global Markets Inc. | 28* | 8 |
| Barclays Bank PLC** | 27.5^ | 2 |
| Citigroup Global Markets Inc. | 27.5^ | 3 |
| Citigroup Global Markets Inc. | 27 | 3 |
| Citigroup Global Markets Inc. | 26.5 | 3 |
| Citigroup Global Markets Inc. | 26 | 3 |
| Citigroup Global Markets Inc. | 25.5 | 3 |
| Citigroup Global Markets Inc. | 25 | 3 |
| Citigroup Global Markets Inc. | 24.5 | 3 |
| Citigroup Global Markets Inc. | 24 | 3 |
| Citigroup Global Markets Inc. | 23.5 | 3 |
| Barclays Bank PLC | 18 | 5 |
| Goldman Sachs & Co. | 15 | 33.476 |
| J.P. Morgan Securities Inc. | 8.125 | 10 |
| Morgan Stanley & Co. Incorporated | 8 | 5 |
| Morgan Stanley & Co. Incorporated | 5 | 5 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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