General Motors Auction Results, 12th June 2009
General Motors CDS
Final Price: 12.5
General Motors LCDS
Final Price: 97.5
Final Results of the General Motors CDS Auction, 12th June 2009
Final Price: 12.5
On 12th June 2009, 13 dealers submitted inside markets, physical settlement requests and limit orders to the General Motors auction administered by Creditex and Markit to settle trades across the market referencing General Motors Corporation.
The General Motors Deliverable Obligations are denominated in EUR, GBP and USD.
| Relevant Currency |
|---|
| USD |
| Auction Currency Rates | |
|---|---|
| USD/EUR | 1.40715 |
| USD/GBP | 1.65200 |
| USD/USD | 1.00000 |
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America / Merrill Lynch | 10.25 | 12.25 | Bank of America / Merrill Lynch |
| Barclays | 10 | 12 | Barclays |
| BNP Paribas | 11 | 13 | BNP Paribas |
| Citibank | 9.75 | 11.75 | Citibank |
| Credit Suisse | 8.5 | 10.5 | Credit Suisse |
| Deutsche Bank AG | 10 | 12 | Deutsche Bank AG |
| Goldman Sachs | 9 | 11 | Goldman Sachs |
| HSBC Bank | 11 | 13 | HSBC Bank |
| JPMorgan Chase Bank, N.A. | 8.75 | 10.75 | JPMorgan Chase Bank, N.A. |
| Morgan Stanley | 9 | 11 | Morgan Stanley |
| The Royal Bank of Scotland | 12 | 14 | The Royal Bank of Scotland |
| Societe Generale | 10.25 | 12.25 | Societe Generale |
| UBS | 10.5 | 12.5 | UBS |
Inside Market Midpoint: 11
Adjustment Amounts
Credit Suisse: $25,000
JPMorgan Chase Bank, N.A.: $12,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Credit Suisse | Offer | 407 |
| HSBC Bank | Offer | 0 |
| Morgan Stanley | Offer | 18 |
| UBS | Offer | 40 |
| BNP Paribas | Bid | 9.9 |
| Bank of America / Merrill Lynch | Bid | 21.146 |
| Barclays | Bid | 86.779 |
| Citibank | Bid | 126 |
| Deutsche Bank AG | Bid | 108.635 |
| Goldman Sachs | Bid | 144.2 |
| JPMorgan Chase Bank, N.A. | Bid | 237.438 |
| The Royal Bank of Scotland | Bid | 240 |
| Societe Generale | Bid | 20 |
Net Open Interest: $529.098 million to buy
| Sum of Buy Physical Requests | $994.098m |
| Sum of Sell Physical Requests | $465.000m |
| Sum of Physical Request Trades | $465.000m |
| Sum of Limit Order Trades | $529.098m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| Goldman Sachs | 10* | 1 |
| Credit Suisse** | 11* | 5 |
| Morgan Stanley** | 11* | 5 |
| BNP Paribas | 11* | 11.96 |
| JPMorgan Chase Bank, N.A.** | 11* | 5 |
| Goldman Sachs** | 11* | 5 |
| Deutsche Bank AG | 11* | 5 |
| Citibank** | 11.75* | 5 |
| Barclays | 11.875* | 25 |
| Deutsche Bank AG | 11.875* | 25 |
| Citibank | 12* | 60 |
| Deutsche Bank AG** | 12* | 5 |
| Barclays** | 12* | 5 |
| Barclays | 12* | 25 |
| Citibank | 12* | 50 |
| Deutsche Bank AG | 12* | 25 |
| Citibank | 12.125* | 50 |
| Bank of America / Merrill Lynch** | 12.25* | 5 |
| Citibank | 12.25* | 50 |
| Goldman Sachs | 12.25* | 25 |
| Societe Generale** | 12.25* | 5 |
| Citibank | 12.375* | 50 |
| Goldman Sachs | 12.375* | 25 |
| Citibank | 12.5^ | 50 |
| Credit Suisse | 12.5^ | 4 |
| UBS** | 12.5^ | 5 |
| Citibank | 12.625 | 75 |
| Citibank | 12.75 | 130 |
| Citibank | 12.875 | 75 |
| Deutsche Bank AG | 12.875 | 25 |
| Citibank | 13 | 50 |
| BNP Paribas** | 13 | 5 |
| HSBC Bank** | 13 | 5 |
| Barclays | 13 | 50 |
| Barclays | 13 | 25 |
| Credit Suisse | 13 | 30 |
| Morgan Stanley | 13 | 40 |
| JPMorgan Chase Bank, N.A. | 13 | 25 |
| Bank of America / Merrill Lynch | 13 | 200 |
| Goldman Sachs | 13 | 25 |
| Deutsche Bank AG | 13 | 15.621 |
| Deutsche Bank AG | 13 | 50 |
| JPMorgan Chase Bank, N.A. | 13.25 | 35 |
| Goldman Sachs | 13.375 | 25 |
| JPMorgan Chase Bank, N.A. | 13.5 | 50 |
| Goldman Sachs | 13.5 | 8 |
| Deutsche Bank AG | 13.5 | 25 |
| Deutsche Bank AG | 13.5 | 25 |
| Goldman Sachs | 13.625 | 25 |
| JPMorgan Chase Bank, N.A. | 13.75 | 25 |
| Goldman Sachs | 13.75 | 25 |
| Bank of America / Merrill Lynch | 13.875 | 5 |
| Goldman Sachs | 14 | 25 |
| Bank of America / Merrill Lynch | 14 | 100 |
| Bank of America / Merrill Lynch | 14 | 33.507 |
| Bank of America / Merrill Lynch | 14 | 35.325 |
| JPMorgan Chase Bank, N.A. | 14 | 19.621 |
| JPMorgan Chase Bank, N.A. | 14 | 25 |
| Morgan Stanley | 14 | 20 |
| Credit Suisse | 14 | 10 |
| Barclays | 14 | 25 |
| The Royal Bank of Scotland** | 14 | 5 |
| Deutsche Bank AG | 14 | 16.278 |
| Deutsche Bank AG | 14 | 25 |
| Deutsche Bank AG | 14 | 12.5 |
| Deutsche Bank AG | 14 | 28 |
| Deutsche Bank AG | 14 | 25 |
| Goldman Sachs | 14.25 | 5 |
| JPMorgan Chase Bank, N.A. | 14.25 | 25 |
| Goldman Sachs | 14.5 | 5 |
| JPMorgan Chase Bank, N.A. | 14.5 | 25 |
| Morgan Stanley | 14.5 | 100 |
| Deutsche Bank AG | 14.5 | 75 |
| Bank of America / Merrill Lynch | 14.625 | 10 |
| Bank of America / Merrill Lynch | 14.75 | 100 |
| Credit Suisse | 15 | 0.772 |
| JPMorgan Chase Bank, N.A. | 15 | 25 |
| Bank of America / Merrill Lynch | 15 | 14.864 |
| Barclays | 15 | 50 |
| Bank of America / Merrill Lynch | 15 | 150 |
| Bank of America / Merrill Lynch | 15 | 100 |
| JPMorgan Chase Bank, N.A. | 15 | 6.229 |
| Morgan Stanley | 15.25 | 150 |
| Goldman Sachs | 15.25 | 12.5 |
| Goldman Sachs | 15.25 | 100 |
| Deutsche Bank AG | 15.25 | 10 |
| Citibank | 15.5 | 100 |
| Deutsche Bank AG | 15.75 | 7.75 |
| Goldman Sachs | 16 | 1.985 |
| Citibank | 16 | 22 |
| Morgan Stanley | 16 | 20 |
| Bank of America / Merrill Lynch | 16 | 100 |
| Bank of America / Merrill Lynch | 16 | 17.635 |
| Deutsche Bank AG | 16 | 5 |
| The Royal Bank of Scotland | 17 | 21 |
| Barclays | 17.5 | 50 |
| Morgan Stanley | 19 | 20 |
| Morgan Stanley | 20 | 6.1 |
| Societe Generale | 20 | 20 |
| Goldman Sachs | 20 | 11.3 |
| Credit Suisse | 20 | 0.075 |
| Morgan Stanley | 20 | 7 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
Back to topFinal Results of the General Motors LCDS Auction, 12th June 2009
Final Price: 97.5
On 12th June 2009, 10 dealers submitted inside markets, physical settlement requests and limit orders to the General Motors auction administered by Creditex and Markit to settle trades across the market referencing General Motors Corporation.
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 94 | 97 | Bank of America, N.A. |
| Barclays Bank PLC | 96.5 | 98.5 | Barclays Bank PLC |
| Citigroup Global Markets Inc. | 96 | 99 | Citigroup Global Markets Inc. |
| Credit Suisse International | 95.5 | 98.5 | Credit Suisse International |
| Deutsche Bank AG | 94.5 | 97.5 | Deutsche Bank AG |
| Goldman Sachs Lending Partners, L.P. | 96.5 | 99.5 | Goldman Sachs Lending Partners, L.P. |
| J.P. Morgan Securities, Inc. | 96.5 | 99.5 | J.P. Morgan Securities, Inc. |
| Morgan Stanley Senior Funding, Inc. | 96.5 | 99.5 | Morgan Stanley Senior Funding, Inc. |
| The Royal Bank of Scotland PLC | 96.375 | 98.375 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 96 | 99 | UBS Securities LLC |
Inside Market Midpoint: 97.25
Adjustment Amounts
No adjustment amounts.
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, N.A. | Offer | 93 |
| Barclays Bank PLC | Offer | 0 |
| Citigroup Global Markets Inc. | Offer | 0 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs Lending Partners, L.P. | Offer | 0 |
| Morgan Stanley Senior Funding, Inc. | Offer | 14 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities LLC | Offer | 0 |
| J.P. Morgan Securities, Inc. | Bid | 61 |
Net Open Interest: $46 million to sell
| Sum of Buy Physical Requests | $61.0m |
| Sum of Sell Physical Requests | $107.0m |
| Sum of Physical Request Trades | $61.0m |
| Sum of Limit Order Trades | $46.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| J.P. Morgan Securities, Inc. | 97.5* | 46 |
| Barclays Bank PLC | 97 | 5 |
| Citigroup Global Markets Inc. | 97 | 10 |
| Citigroup Global Markets Inc. | 96.75 | 10 |
| J.P. Morgan Securities, Inc.** | 96.5 | 2 |
| Morgan Stanley Senior Funding, Inc.** | 96.5 | 2 |
| Barclays Bank PLC | 96.5 | 10 |
| Barclays Bank PLC** | 96.5 | 2 |
| Goldman Sachs Lending Partners, L.P.** | 96.5 | 2 |
| The Royal Bank of Scotland PLC** | 96.375 | 2 |
| Citigroup Global Markets Inc.** | 96 | 2 |
| UBS Securities LLC** | 96 | 2 |
| Barclays Bank PLC | 96 | 25 |
| Deutsche Bank AG | 95.5 | 34 |
| Credit Suisse International** | 95.5 | 2 |
| Morgan Stanley Senior Funding, Inc. | 95.5 | 5 |
| Citigroup Global Markets Inc. | 95.125 | 15 |
| Barclays Bank PLC | 95 | 46 |
| Deutsche Bank AG | 95 | 12 |
| Credit Suisse International | 95 | 5 |
| Morgan Stanley Senior Funding, Inc. | 94.5 | 10 |
| Deutsche Bank AG** | 94.5 | 2 |
| Bank of America, N.A.** | 94 | 2 |
| Credit Suisse International | 93 | 5 |
| Citigroup Global Markets Inc. | 93 | 10 |
| Morgan Stanley Senior Funding, Inc. | 90 | 25 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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