Station Casinos Auction Results, 31st March 2009
Final Results of the Station Casinos CDS Auction, 31st March 2009
Final Price: 32
On 31st March 2009 , 11 dealers submitted inside markets, physical settlement requests and limit orders to the Station Casinos auction administered by Creditex and Markit to settle trades across the market referencing Station Casinos, Inc. .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities, LLC | 28.5 | 30.5 | Banc of America Securities, LLC |
| Barclays Bank PLC | 27.5 | 29.5 | Barclays Bank PLC |
| BNP Paribas | 28.5 | 30.5 | BNP Paribas |
| Citigroup Global Markets Inc. | 29 | 31 | Citigroup Global Markets Inc. |
| Credit Suisse International | 25 | 27 | Credit Suisse International |
| Deutsche Bank AG | 30 | 32 | Deutsche Bank AG |
| Goldman Sachs & Co. | 30 | 32 | 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 | 29.5 | 31.5 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 28 | 30 | UBS Securities LLC |
Inside Market Midpoint: 29.375
Adjustment Amounts
Credit Suisse International : $47,500
J.P. Morgan Securities Inc. : $17,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Barclays Bank PLC | Offer | 0 |
| Citigroup Global Markets Inc. | Offer | 0 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Morgan Stanley & Co. Incorporated | Offer | 0 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities LLC | Offer | 0 |
| BNP Paribas | Bid | 0 |
| Banc of America Securities, LLC | Bid | 10 |
| Goldman Sachs & Co. | Bid | 10 |
| J.P. Morgan Securities Inc. | Bid | 4 |
Net Open Interest: $24 million to buy
| Sum of Buy Physical Requests | $24.0m |
| Sum of Sell Physical Requests | $0.0m |
| Sum of Physical Request Trades | $0.0m |
| Sum of Limit Order Trades | $24.0m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| Goldman Sachs & Co. | 28.375* | 3.179 |
| Barclays Bank PLC ** | 29.375* | 2 |
| Credit Suisse International ** | 29.375* | 2 |
| J.P. Morgan Securities Inc. ** | 29.375* | 2 |
| Morgan Stanley & Co. Incorporated ** | 30* | 2 |
| UBS Securities LLC ** | 30* | 2 |
| Banc of America Securities, LLC ** | 30.5* | 2 |
| BNP Paribas ** | 30.5* | 2 |
| Citigroup Global Markets Inc. ** | 31* | 2 |
| The Royal Bank of Scotland PLC ** | 31.5* | 2 |
| Deutsche Bank AG ** | 32^ | 2 |
| J.P. Morgan Securities Inc. | 32^ | 5 |
| Goldman Sachs & Co. ** | 32^ | 2 |
| Credit Suisse International | 33.5 | 2 |
| Morgan Stanley & Co. Incorporated | 34 | 1 |
| Credit Suisse International | 34.75 | 1 |
| Credit Suisse International | 34.75 | 2 |
| The Royal Bank of Scotland PLC | 36 | 3.776 |
| Credit Suisse International | 36.5 | 1 |
| Credit Suisse International | 37 | 1 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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