JSC Alliance Bank Auction Results, 18th June 2009
Final Results of the JSC Alliance Bank CDS Auction, 18th June 2009
Final Price: 16.75
On 18th June 2009, 12 dealers submitted inside markets, physical settlement requests and limit orders to the JSC Alliance Bank auction administered by Creditex and Markit to settle trades across the market referencing JSC "Alliance Bank".
The JSC Alliance Bank Deliverable Obligations are denominated in EUR, GBP, JPY and USD.
| Relevant Currency |
|---|
| USD |
| Auction Currency Rates | |
|---|---|
| USD/EUR | 1.38345 |
| USD/GBP | 1.63370 |
| USD/JPY | 0.01020 |
| USD/USD | 1.00000 |
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Barclays | 17 | 21 | Barclays |
| BNP Paribas | 14 | 18 | BNP Paribas |
| Citibank | 13 | 17 | Citibank |
| Credit Suisse International | 21 | 25 | Credit Suisse International |
| Deutsche Bank AG | 15 | 19 | Deutsche Bank AG |
| Goldman Sachs | 12 | 16 | Goldman Sachs |
| HSBC Bank | 8 | 12 | HSBC Bank |
| JPMorgan Chase Bank, N.A. | 17 | 21 | JPMorgan Chase Bank, N.A. |
| Bank of America / Merrill Lynch | 13 | 17 | Bank of America / Merrill Lynch |
| Morgan Stanley | 13.5 | 17.5 | Morgan Stanley |
| Nomura International PLC | 17 | 21 | Nomura International PLC |
| UBS | 15 | 19 | UBS |
Inside Market Midpoint: 16.375
Adjustment Amounts
HSBC Bank: $87,500
Goldman Sachs: $7,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America / Merrill Lynch | Offer | 0 |
| BNP Paribas | Offer | 0 |
| HSBC Bank | Offer | 0 |
| Morgan Stanley | Offer | 96 |
| Nomura International PLC | Offer | 130 |
| UBS | Offer | 0 |
| Barclays | Bid | 0 |
| Citibank | Bid | 36 |
| Credit Suisse International | Bid | 105 |
| Deutsche Bank AG | Bid | 19 |
| Goldman Sachs | Bid | 54 |
| JPMorgan Chase Bank, N.A. | Bid | 40 |
Net Open Interest: $28 million to buy
| Sum of Buy Physical Requests | $254.0m |
| Sum of Sell Physical Requests | $226.0m |
| Sum of Physical Request Trades | $226.0m |
| Sum of Limit Order Trades | $28.0m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| Nomura International PLC | 15.75* | 4 |
| Nomura International PLC | 16* | 4 |
| Nomura International PLC | 16.25* | 4 |
| HSBC Bank** | 16.375* | 2 |
| Goldman Sachs** | 16.375* | 2 |
| Citibank** | 16.375* | 2 |
| Bank of America / Merrill Lynch** | 16.375* | 2 |
| Nomura International PLC | 16.5* | 4 |
| Nomura International PLC | 16.75* | 4 |
| JPMorgan Chase Bank, N.A. | 17 | 3 |
| Nomura International PLC | 17 | 4 |
| Nomura International PLC | 17.25 | 4 |
| Morgan Stanley** | 17.5 | 2 |
| Nomura International PLC | 17.5 | 4 |
| BNP Paribas** | 18 | 2 |
| Bank of America / Merrill Lynch | 18 | 10 |
| Morgan Stanley | 18.5 | 10 |
| Deutsche Bank AG** | 19 | 2 |
| UBS** | 19 | 2 |
| Credit Suisse International | 20 | 24 |
| Goldman Sachs | 20 | 20 |
| Barclays | 20 | 3 |
| Barclays** | 21 | 2 |
| JPMorgan Chase Bank, N.A.** | 21 | 2 |
| Nomura International PLC** | 21 | 2 |
| Barclays | 21 | 6 |
| Barclays | 21 | 3 |
| Bank of America / Merrill Lynch | 21 | 1 |
| Morgan Stanley | 21 | 15 |
| Barclays | 21.5 | 3 |
| Barclays | 22 | 2 |
| Deutsche Bank AG | 23 | 3 |
| Morgan Stanley | 23 | 6 |
| Barclays | 24 | 6 |
| Credit Suisse International** | 25 | 2 |
| Credit Suisse International | 25 | 1 |
| Deutsche Bank AG | 25 | 5 |
| Deutsche Bank AG | 26 | 11 |
| Barclays | 27.5 | 3 |
| Deutsche Bank AG | 28 | 2 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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