MGM Auction Results, 10th November 2009
Final Results of the MGM LCDS Auction, 10th November 2009
Final Price: 58.5
On 10th November 2009, 10 dealers submitted inside markets, physical settlement requests and limit orders to the MGM auction administered by Creditex and Markit to settle trades across the market referencing Metro-Goldwyn-Mayer Inc..
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, NA | 55.5 | 58.5 | Bank of America, NA |
| Barclays Bank PLC | 58 | 61 | Barclays Bank PLC |
| Citigroup Global Markets Inc. | 57.625 | 60.625 | Citigroup Global Markets Inc. |
| Credit Suisse International | 58.25 | 61.25 | Credit Suisse International |
| Deutsche Bank AG | 58 | 61 | Deutsche Bank AG |
| Goldman Sachs Lending Partners, L.P. | 57 | 60 | Goldman Sachs Lending Partners, L.P. |
| J.P. Morgan Securities, Inc. | 56 | 59 | J.P. Morgan Securities, Inc. |
| Morgan Stanley Emerging Markets, Inc. | 57.5 | 60.5 | Morgan Stanley Emerging Markets, Inc. |
| The Royal Bank of Scotland PLC | 57 | 60 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 58 | 61 | UBS Securities LLC |
Inside Market Midpoint: 58.75
Adjustment Amounts
No adjustment amounts.
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, NA | Offer | 0 |
| Barclays Bank PLC | Offer | 8 |
| Citigroup Global Markets Inc. | Offer | 0 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs Lending Partners, L.P. | Offer | 0 |
| J.P. Morgan Securities, Inc. | Offer | 0 |
| The Royal Bank of Scotland PLC | Offer | 34 |
| UBS Securities LLC | Offer | 0 |
| Morgan Stanley Emerging Markets, Inc. | Bid | 19 |
Net Open Interest: $23 million to sell
| Sum of Buy Physical Requests | $19.0m |
| Sum of Sell Physical Requests | $42.0m |
| Sum of Physical Request Trades | $19.0m |
| Sum of Limit Order Trades | $23.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Goldman Sachs Lending Partners, L.P. | 59* | 10 |
| Morgan Stanley Emerging Markets, Inc. | 59* | 5 |
| Goldman Sachs Lending Partners, L.P. | 58.5^ | 10 |
| J.P. Morgan Securities, Inc. | 58.25 | 10 |
| Credit Suisse International** | 58.25 | 2 |
| Morgan Stanley Emerging Markets, Inc. | 58 | 10 |
| Goldman Sachs Lending Partners, L.P. | 58 | 10 |
| Deutsche Bank AG** | 58 | 2 |
| Barclays Bank PLC** | 58 | 2 |
| UBS Securities LLC** | 58 | 2 |
| J.P. Morgan Securities, Inc. | 57.75 | 5 |
| Citigroup Global Markets Inc.** | 57.625 | 2 |
| J.P. Morgan Securities, Inc. | 57.5 | 23 |
| Morgan Stanley Emerging Markets, Inc.** | 57.5 | 2 |
| Morgan Stanley Emerging Markets, Inc. | 57 | 10 |
| Bank of America, NA | 57 | 5 |
| The Royal Bank of Scotland PLC** | 57 | 2 |
| Goldman Sachs Lending Partners, L.P.** | 57 | 2 |
| Bank of America, NA | 56 | 23 |
| Morgan Stanley Emerging Markets, Inc. | 56 | 5 |
| J.P. Morgan Securities, Inc.** | 56 | 2 |
| Bank of America, NA** | 55.5 | 2 |
| J.P. Morgan Securities, Inc. | 55 | 15 |
| Barclays Bank PLC | 55 | 5 |
| The Royal Bank of Scotland PLC | 54 | 5 |
| Citigroup Global Markets Inc. | 50 | 7 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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