Rouse Auction Results, 15th April 2009
Final Results of the Rouse CDS Auction, 15th April 2009
Final Price: 29.25
On 15th April 2009, 11 dealers submitted inside markets, physical settlement requests and limit orders to the Rouse auction administered by Creditex and Markit to settle trades across the market referencing The Rouse Company LP.
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities LLC | 27.5 | 29.5 | Banc of America Securities LLC |
| Barclays Bank PLC | 33 | 35 | Barclays Bank PLC |
| BNP Paribas | 27.75 | 29.75 | BNP Paribas |
| Citigroup Global Markets Inc. | 27.5 | 29.5 | Citigroup Global Markets Inc. |
| Credit Suisse International | 27.5 | 29 | Credit Suisse International |
| Deutsche Bank AG | 24 | 26 | Deutsche Bank AG |
| Goldman Sachs & Co. | 26.5 | 28.5 | Goldman Sachs & Co. |
| J.P. Morgan Securities Inc. | 26.5 | 28.5 | J.P. Morgan Securities Inc. |
| Morgan Stanley & Co. Incorporated | 28 | 30 | Morgan Stanley & Co. Incorporated |
| The Royal Bank of Scotland PLC | 27 | 29 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 27 | 29 | UBS Securities LLC |
Inside Market Midpoint: 28.25
Adjustment Amounts
Barclays Bank PLC: $95,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 11.5 |
| Banc of America Securities LLC | Offer | 18.75 |
| Barclays Bank PLC | Offer | 0 |
| Citigroup Global Markets Inc. | Offer | 0 |
| Credit Suisse International | Offer | 11 |
| Deutsche Bank AG | Offer | 4 |
| Goldman Sachs & Co. | Offer | 2 |
| J.P. Morgan Securities Inc. | Offer | 13 |
| The Royal Bank of Scotland PLC | Offer | 25.635 |
| Morgan Stanley & Co. Incorporated | Bid | 6 |
| UBS Securities LLC | Bid | 71.3 |
Net Open Interest: $8.585 million to sell
| Sum of Buy Physical Requests | $77.300m |
| Sum of Sell Physical Requests | $85.885m |
| Sum of Physical Request Trades | $77.300m |
| Sum of Limit Order Trades | $8.585m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Citigroup Global Markets Inc. | 29.25^ | 4.5 |
| Barclays Bank PLC | 29.25^ | 2 |
| Barclays Bank PLC | 29.25^ | 2 |
| Barclays Bank PLC | 29.25^ | 2 |
| Barclays Bank PLC | 29.25^ | 2 |
| Banc of America Securities LLC | 29.25^ | 8.585 |
| Citigroup Global Markets Inc. | 29.25^ | 4 |
| Credit Suisse International | 29.25^ | 3 |
| Deutsche Bank AG | 29.25^ | 8.585 |
| Morgan Stanley & Co. Incorporated | 29.25^ | 8.5 |
| Morgan Stanley & Co. Incorporated | 29.25^ | 8.5 |
| Goldman Sachs & Co. | 29.25^ | 8.585 |
| Credit Suisse International | 29.25^ | 8.58 |
| J.P. Morgan Securities Inc. | 29.25^ | 8.585 |
| Barclays Bank PLC** | 28.25 | 2 |
| Morgan Stanley & Co. Incorporated** | 28 | 2 |
| BNP Paribas** | 27.75 | 2 |
| Credit Suisse International** | 27.5 | 2 |
| Citigroup Global Markets Inc.** | 27.5 | 2 |
| Banc of America Securities LLC** | 27.5 | 2 |
| The Royal Bank of Scotland PLC** | 27 | 2 |
| UBS Securities LLC** | 27 | 2 |
| J.P. Morgan Securities Inc.** | 26.5 | 2 |
| Goldman Sachs & Co.** | 26.5 | 2 |
| Deutsche Bank AG** | 24 | 2 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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