Idearc Auction Results, 23rd April 2009
Idearc CDS
Final Price: 1.75
Idearc LCDS
Final Price: 38.5
Final Results of the Idearc CDS Auction, 23rd April 2009
Final Price: 1.75
On 23rd April 2009, 12 dealers submitted inside markets, physical settlement requests and limit orders to the Idearc auction administered by Creditex and Markit to settle trades across the market referencing Idearc Inc..
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities LLC | 1.25 | 2.75 | Banc of America Securities LLC |
| Barclays Bank PLC | 0.25 | 2.25 | Barclays Bank PLC |
| BNP Paribas | 0.5 | 2.5 | BNP Paribas |
| Citigroup Global Markets Inc. | 0.125 | 2.125 | Citigroup Global Markets Inc. |
| Credit Suisse International | 0.5 | 2.5 | Credit Suisse International |
| Deutsche Bank AG | 0.5 | 1.5 | Deutsche Bank AG |
| Goldman Sachs & Co. | 1 | 2 | Goldman Sachs & Co. |
| HSBC Bank USA | 0.5 | 2.5 | HSBC Bank USA |
| J.P. Morgan Securities Inc. | 1 | 3 | J.P. Morgan Securities Inc. |
| Morgan Stanley & Co. Incorporated | 0.25 | 2.25 | Morgan Stanley & Co. Incorporated |
| The Royal Bank of Scotland PLC | 0.75 | 2.75 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 0 | 2 | UBS Securities LLC |
Inside Market Midpoint: 1.375
Adjustment Amounts
No adjustment amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Banc of America Securities LLC | Offer | 55 |
| Barclays Bank PLC | Offer | 303.065 |
| Citigroup Global Markets Inc. | Offer | 380 |
| Credit Suisse International | Offer | 6.122 |
| Deutsche Bank AG | Offer | 56.85 |
| Goldman Sachs & Co. | Offer | 10.5 |
| J.P. Morgan Securities Inc. | Offer | 0 |
| Morgan Stanley & Co. Incorporated | Offer | 90 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities LLC | Offer | 3.52 |
| BNP Paribas | Bid | 13 |
| HSBC Bank USA | Bid | 2.5 |
Net Open Interest: $889.557 million to sell
| Sum of Buy Physical Requests | $15.500m |
| Sum of Sell Physical Requests | $905.057m |
| Sum of Physical Request Trades | $15.500m |
| Sum of Limit Order Trades | $889.557m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Goldman Sachs & Co. | 2.375* | 150 |
| Citigroup Global Markets Inc. | 2.375* | 250 |
| Barclays Bank PLC | 2.375* | 25 |
| J.P. Morgan Securities Inc. | 2.375* | 18.291 |
| Deutsche Bank AG | 2.375* | 123 |
| Banc of America Securities LLC | 2.125* | 5 |
| Deutsche Bank AG | 2.125* | 20 |
| Citigroup Global Markets Inc. | 2* | 20 |
| Morgan Stanley & Co. Incorporated | 2* | 20 |
| Deutsche Bank AG | 2* | 22 |
| Banc of America Securities LLC | 2* | 10 |
| Barclays Bank PLC | 2* | 25 |
| Banc of America Securities LLC | 1.875* | 10 |
| Deutsche Bank AG | 1.75^ | 20 |
| Barclays Bank PLC | 1.75^ | 75 |
| Goldman Sachs & Co. | 1.75^ | 200 |
| Banc of America Securities LLC | 1.75^ | 100 |
| Banc of America Securities LLC | 1.75^ | 50 |
| Morgan Stanley & Co. Incorporated | 1.75^ | 20 |
| Deutsche Bank AG | 1.625 | 50 |
| Banc of America Securities LLC | 1.625 | 25 |
| Deutsche Bank AG | 1.625 | 100 |
| Morgan Stanley & Co. Incorporated | 1.625 | 839.557 |
| J.P. Morgan Securities Inc. | 1.5 | 75 |
| Deutsche Bank AG | 1.5 | 889.557 |
| Morgan Stanley & Co. Incorporated | 1.5 | 50 |
| Morgan Stanley & Co. Incorporated | 1.5 | 30 |
| Morgan Stanley & Co. Incorporated | 1.5 | 75 |
| Citigroup Global Markets Inc. | 1.5 | 20 |
| Deutsche Bank AG | 1.5 | 20 |
| The Royal Bank of Scotland PLC | 1.5 | 50 |
| Barclays Bank PLC | 1.5 | 50 |
| Barclays Bank PLC | 1.5 | 50 |
| Goldman Sachs & Co. | 1.5 | 50 |
| Morgan Stanley & Co. Incorporated | 1.5 | 20 |
| Citigroup Global Markets Inc. | 1.5 | 50 |
| Morgan Stanley & Co. Incorporated | 1.5 | 5 |
| Barclays Bank PLC | 1.375 | 5 |
| Banc of America Securities LLC | 1.375 | 25 |
| The Royal Bank of Scotland PLC | 1.375 | 100 |
| J.P. Morgan Securities Inc. | 1.375 | 100 |
| J.P. Morgan Securities Inc. | 1.25 | 200 |
| Citigroup Global Markets Inc. | 1.25 | 100 |
| Barclays Bank PLC | 1.25 | 50 |
| Banc of America Securities LLC** | 1.25 | 2 |
| Banc of America Securities LLC | 1.25 | 25 |
| Goldman Sachs & Co. | 1.125 | 42 |
| Banc of America Securities LLC | 1.125 | 25 |
| Citigroup Global Markets Inc. | 1 | 20 |
| J.P. Morgan Securities Inc. | 1 | 335 |
| UBS Securities LLC | 1 | 5 |
| Goldman Sachs & Co.** | 1 | 2 |
| The Royal Bank of Scotland PLC | 1 | 75 |
| The Royal Bank of Scotland PLC | 1 | 25 |
| Morgan Stanley & Co. Incorporated | 1 | 20 |
| Barclays Bank PLC | 1 | 10 |
| Banc of America Securities LLC | 1 | 25 |
| J.P. Morgan Securities Inc.** | 1 | 2 |
| Barclays Bank PLC | 1 | 100 |
| Banc of America Securities LLC | 0.875 | 25 |
| Goldman Sachs & Co. | 0.875 | 100 |
| The Royal Bank of Scotland PLC** | 0.75 | 2 |
| UBS Securities LLC | 0.75 | 50 |
| Barclays Bank PLC | 0.75 | 250 |
| J.P. Morgan Securities Inc. | 0.75 | 595 |
| UBS Securities LLC | 0.75 | 15 |
| The Royal Bank of Scotland PLC | 0.75 | 75 |
| Banc of America Securities LLC | 0.75 | 25 |
| Banc of America Securities LLC | 0.625 | 25 |
| Barclays Bank PLC | 0.5 | 50 |
| Barclays Bank PLC | 0.5 | 15 |
| UBS Securities LLC | 0.5 | 30 |
| Credit Suisse International** | 0.5 | 2 |
| Citigroup Global Markets Inc. | 0.5 | 25 |
| BNP Paribas** | 0.5 | 2 |
| HSBC Bank USA** | 0.5 | 2 |
| UBS Securities LLC | 0.5 | 50 |
| Barclays Bank PLC | 0.5 | 500 |
| Deutsche Bank AG** | 0.5 | 2 |
| Citigroup Global Markets Inc. | 0.5 | 500 |
| Citigroup Global Markets Inc. | 0.25 | 889 |
| Credit Suisse International | 0.25 | 250 |
| Goldman Sachs & Co. | 0.25 | 889 |
| Barclays Bank PLC** | 0.25 | 2 |
| UBS Securities LLC | 0.25 | 20 |
| Morgan Stanley & Co. Incorporated** | 0.25 | 2 |
| Citigroup Global Markets Inc.** | 0.125 | 2 |
| UBS Securities LLC** | 0 | 2 |
** 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 Idearc LCDS Auction, 23rd April 2009
Final Price: 38.5
On 23rd April 2009, 10 dealers submitted inside markets, physical settlement requests and limit orders to the Idearc auction administered by Creditex and Markit to settle trades across the market referencing Idearc Inc..
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 36 | 39 | Bank of America, N.A. |
| Barclays Bank PLC | 35 | 38 | Barclays Bank PLC |
| Citigroup Global Markets Inc. | 38 | 40 | Citigroup Global Markets Inc. |
| Credit Suisse International | 36.5 | 39.5 | Credit Suisse International |
| Deutsche Bank AG | 36.5 | 39.5 | Deutsche Bank AG |
| Goldman Sachs Loan Partners | 36 | 39 | Goldman Sachs Loan Partners |
| J.P. Morgan Securities, Inc. | 35.25 | 38.25 | J.P. Morgan Securities, Inc. |
| Morgan Stanley Senior Funding, Inc. | 37 | 39 | Morgan Stanley Senior Funding, Inc. |
| The Royal Bank of Scotland PLC | 36 | 39 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 34 | 37 | UBS Securities LLC |
Inside Market Midpoint: 37.5
Adjustment Amounts
Citigroup Global Markets Inc.: $10,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, N.A. | Offer | 10 |
| Barclays Bank PLC | Offer | 5 |
| Citigroup Global Markets Inc. | Offer | 0 |
| 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 | 5 |
Net Open Interest: $10 million to sell
| Sum of Buy Physical Requests | $5.0m |
| Sum of Sell Physical Requests | $15.0m |
| Sum of Physical Request Trades | $5.0m |
| Sum of Limit Order Trades | $10.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Barclays Bank PLC | 38.5^ | 10 |
| Morgan Stanley Senior Funding, Inc. | 38.5^ | 10 |
| Morgan Stanley Senior Funding, Inc. | 38 | 10 |
| Deutsche Bank AG | 37.5 | 10 |
| Goldman Sachs Loan Partners | 37.5 | 4 |
| Citigroup Global Markets Inc.** | 37.5 | 2 |
| Barclays Bank PLC | 37 | 5 |
| Morgan Stanley Senior Funding, Inc.** | 37 | 2 |
| Deutsche Bank AG** | 36.5 | 2 |
| Bank of America, N.A. | 36.5 | 5 |
| Credit Suisse International** | 36.5 | 2 |
| Bank of America, N.A. | 36.125 | 5 |
| Goldman Sachs Loan Partners** | 36 | 2 |
| Barclays Bank PLC | 36 | 5 |
| The Royal Bank of Scotland PLC** | 36 | 2 |
| Bank of America, N.A.** | 36 | 2 |
| J.P. Morgan Securities, Inc. | 35.5 | 10 |
| J.P. Morgan Securities, Inc.** | 35.25 | 2 |
| Barclays Bank PLC** | 35 | 2 |
| Barclays Bank PLC | 35 | 10 |
| UBS Securities LLC** | 34 | 2 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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