Lyondell Auction Results, 3rd February 2009
Lyondell
CDS
Final Price: 15.5
Lyondell
LCDS
Final Price: 20.75
Final Results of the Lyondell CDS Auction, 3rd February 2009
Final Price: 15.5
On 3rd February 2009, 11 dealers submitted inside markets, physical settlement requests and limit orders to the Lyondell auction administered by Creditex and Markit to settle trades across the market referencing Lyondell Chemical Company .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities, LLC | 22.75 | 24.75 | Banc of America Securities, LLC |
| Barclays Bank PLC | 22 | 24 | Barclays Bank PLC |
| BNP Paribas | 23 | 25 | BNP Paribas |
| Citigroup Global Markets Inc. | 22.125 | 24.125 | Citigroup Global Markets Inc. |
| Credit Suisse International | 22.25 | 24.25 | Credit Suisse International |
| Deutsche Bank AG | 22 | 24 | Deutsche Bank AG |
| Goldman Sachs & Co. | 21 | 23 | Goldman Sachs & Co. |
| J.P. Morgan Securities Inc. | 21.5 | 23.5 | J.P. Morgan Securities Inc. |
| Morgan Stanley & Co. Incorporated | 22.5 | 24.5 | Morgan Stanley & Co. Incorporated |
| The Royal Bank of Scotland PLC | 22.5 | 24.5 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 24 | 26 | UBS Securities LLC |
Inside Market Midpoint: 23.25
Adjustment Amounts
UBS Securities LLC: $22,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 0 |
| Banc of America Securities, LLC | Offer | 0 |
| Barclays Bank PLC | Offer | 20 |
| Citigroup Global Markets Inc. | Offer | 32.583 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs & Co. | Offer | 30 |
| J.P. Morgan Securities Inc. | Offer | 11 |
| Morgan Stanley & Co. Incorporated | Offer | 44 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities LLC | Offer | 5.655 |
Net Open Interest: $143.238 million to sell
| Sum of Buy Physical Requests | $0.0m |
| Sum of Sell Physical Requests | $143.238m |
| Sum of Physical Request Trades | $0.0m |
| Sum of Limit Order Trades | $143.238m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Morgan Stanley & Co. Incorporated | 23.5* | 13 |
| UBS Securities LLC** | 23.25* | 3 |
| Barclays Bank PLC | 23.25* | 40 |
| BNP Paribas** | 23* | 3 |
| Banc of America Securities, LLC** | 22.75* | 3 |
| The Royal Bank of Scotland PLC** | 22.5* | 3 |
| Morgan Stanley & Co. Incorporated** | 22.5* | 3 |
| Credit Suisse International** | 22.25* | 3 |
| Citigroup Global Markets Inc.** | 22.125* | 3 |
| Deutsche Bank AG** | 22* | 3 |
| Barclays Bank PLC** | 22* | 3 |
| J.P. Morgan Securities Inc.** | 21.5* | 3 |
| Goldman Sachs & Co.** | 21* | 3 |
| Morgan Stanley & Co. Incorporated | 20.25* | 5 |
| UBS Securities LLC | 18.5* | 2 |
| Deutsche Bank AG | 17* | 1 |
| Credit Suisse International | 17* | 25 |
| Citigroup Global Markets Inc. | 17* | 10 |
| Citigroup Global Markets Inc. | 16.5* | 5 |
| Citigroup Global Markets Inc. | 16* | 5 |
| Citigroup Global Markets Inc. | 15.5^ | 5 |
| Morgan Stanley & Co. Incorporated | 15.25 | 5 |
| Citigroup Global Markets Inc. | 15 | 7.5 |
| Deutsche Bank AG | 15 | 25 |
| Citigroup Global Markets Inc. | 14.5 | 7.5 |
| Citigroup Global Markets Inc. | 14 | 7.5 |
| Citigroup Global Markets Inc. | 13.5 | 7.5 |
| Citigroup Global Markets Inc. | 13 | 7.5 |
| Citigroup Global Markets Inc. | 12.5 | 7.5 |
| Citigroup Global Markets Inc. | 12.125 | 10 |
| Citigroup Global Markets Inc. | 12 | 7.5 |
| Citigroup Global Markets Inc. | 11.5 | 7.5 |
| Citigroup Global Markets Inc. | 11 | 7.5 |
| Citigroup Global Markets Inc. | 10.5 | 7.5 |
| Citigroup Global Markets Inc. | 10.5 | 23 |
| Morgan Stanley & Co. Incorporated | 10.25 | 10 |
| Deutsche Bank AG | 10 | 15 |
| Citigroup Global Markets Inc. | 10 | 7.5 |
| Deutsche Bank AG | 10 | 10 |
| Citigroup Global Markets Inc. | 9.5 | 7.5 |
| Citigroup Global Markets Inc. | 9 | 7.5 |
| Citigroup Global Markets Inc. | 8.875 | 17 |
| Credit Suisse International | 8 | 10 |
| Citigroup Global Markets Inc. | 7.75 | 8 |
| Goldman Sachs & Co. | 5 | 143.238 |
| Credit Suisse International | 2 | 20 |
| J.P. Morgan Securities Inc. | 1.5 | 35 |
| J.P. Morgan Securities Inc. | 1 | 100 |
| The Royal Bank of Scotland PLC | 1 | 17 |
** 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 Lyondell LCDS Auction, 3rd February 2009
Final Price: 20.75
On 3rd February 2009, 9 dealers submitted inside markets, physical settlement requests and limit orders to the Lyondell auction administered by Creditex and Markit to settle trades across the market referencing Lyondell Chemical Company .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 20.25 | 23.25 | Bank of America, N.A. |
| Barclays Bank PLC | 21 | 24 | Barclays Bank PLC |
| Citigroup Global Markets Inc. | 22.125 | 25.125 | Citigroup Global Markets Inc. |
| Credit Suisse International | 23.5 | 26.5 | Credit Suisse International |
| Deutsche Bank AG | 22 | 24 | Deutsche Bank AG |
| Goldman Sachs Credit Partners, L.P. | 20 | 23 | Goldman Sachs Credit Partners, L.P. |
| J.P. Morgan Securities Inc. | 21.5 | 24.5 | J.P. Morgan Securities Inc. |
| Morgan Stanley Senior Funding, Inc. | 22 | 25 | Morgan Stanley Senior Funding, Inc. |
| UBS Securities LLC | 23.5 | 26.5 | UBS Securities LLC |
Inside Market Midpoint: 23.125
Adjustment Amounts
Credit Suisse International: $7,500
UBS Securities LLC: $7,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, N.A. | Offer | 18 |
| Barclays Bank PLC | Offer | 5 |
| Citigroup Global Markets Inc. | Offer | 5 |
| Credit Suisse International | Offer | 5 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs Credit Partners, L.P. | Offer | 20 |
| J.P. Morgan Securities Inc. | Offer | 0 |
| Morgan Stanley Senior Funding, Inc. | Offer | 45 |
| UBS Securities LLC | Offer | 40 |
Net Open Interest: $138 million to sell
| Sum of Buy Physical Requests | $0m |
| Sum of Sell Physical Requests | $138.0m |
| Sum of Physical Request Trades | $0 |
| Sum of Limit Order Trades | $138.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Credit Suisse International** | 23.125* | 2 |
| UBS Securities LLC** | 23.125* | 2 |
| Barclays Bank PLC | 23.125* | 5 |
| Morgan Stanley Senior Funding, Inc. | 23* | 25 |
| Citigroup Global Markets Inc.** | 22.125* | 2 |
| Deutsche Bank AG** | 22* | 2 |
| Morgan Stanley Senior Funding, Inc.** | 22* | 2 |
| Morgan Stanley Senior Funding, Inc. | 21.75* | 50 |
| Goldman Sachs Credit Partners, L.P. | 21.75* | 5 |
| J.P. Morgan Securities Inc.** | 21.5* | 2 |
| Barclays Bank PLC | 21.5* | 10 |
| UBS Securities LLC | 21.5* | 5 |
| Goldman Sachs Credit Partners, L.P. | 21.25* | 10 |
| UBS Securities LLC | 21.125* | 5 |
| Barclays Bank PLC** | 21* | 2 |
| Goldman Sachs Credit Partners, L.P. | 21* | 5 |
| Goldman Sachs Credit Partners, L.P. | 20.75^ | 5 |
| UBS Securities LLC | 20.625 | 5 |
| Bank of America, N.A. | 20.5 | 10 |
| Bank of America, N.A.** | 20.25 | 2 |
| Goldman Sachs Credit Partners, L.P. | 20.25 | 5 |
| Goldman Sachs Credit Partners, L.P.** | 20 | 2 |
| Deutsche Bank AG | 20 | 10 |
| Goldman Sachs Credit Partners, L.P. | 20 | 10 |
| J.P. Morgan Securities Inc. | 20 | 5 |
| Morgan Stanley Senior Funding, Inc. | 19.75 | 10 |
| Goldman Sachs Credit Partners, L.P. | 19.25 | 10 |
| Goldman Sachs Credit Partners, L.P. | 19 | 10 |
| Credit Suisse International | 18.5 | 25 |
| J.P. Morgan Securities Inc. | 18 | 5 |
| Goldman Sachs Credit Partners, L.P. | 18 | 10 |
| Morgan Stanley Senior Funding, Inc. | 18 | 100 |
| Credit Suisse International | 18 | 10 |
| Goldman Sachs Credit Partners, L.P. | 17.5 | 10 |
| Credit Suisse International | 17.5 | 25 |
| Citigroup Global Markets Inc. | 16.75 | 10 |
| Goldman Sachs Credit Partners, L.P. | 16 | 10 |
| Morgan Stanley Senior Funding, Inc. | 15.25 | 10 |
| J.P. Morgan Securities Inc. | 15 | 10 |
| Goldman Sachs Credit Partners, L.P. | 15 | 10 |
| Deutsche Bank AG | 15 | 10 |
| Citigroup Global Markets Inc. | 14.375 | 15 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
Back to top