Visteon Auction Results, 23rd June 2009
Visteon CDS
Final Price: 3
Visteon LCDS
Final Price: 39
Final Results of the Visteon CDS Auction, 23rd June 2009
Final Price: 3
On 23rd June 2009, 12 dealers submitted inside markets, physical settlement requests and limit orders to the Visteon auction administered by Creditex and Markit to settle trades across the market referencing Visteon Corporation.
The Visteon Deliverable Obligations are denominated in USD .
| Relevant Currency |
|---|
| USD |
| Auction Currency Rates | |
|---|---|
| USD/USD | 1.00000 |
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities LLC | 3 | 5 | Banc of America Securities LLC |
| Barclays Bank PLC | 4 | 6 | Barclays Bank PLC |
| BNP Paribas | 4 | 6 | BNP Paribas |
| Citigroup Global Markets Inc. | 4 | 6 | Citigroup Global Markets Inc. |
| Credit Suisse International | 3.5 | 5.5 | Credit Suisse International |
| Deutsche Bank AG | 2.5 | 4.5 | Deutsche Bank AG |
| Goldman Sachs & Co. | 3.25 | 5.25 | Goldman Sachs & Co. |
| HSBC Bank USA, National Association | 4 | 6 | HSBC Bank USA, National Association |
| J.P. Morgan Securities, Inc. | 6 | 8 | J.P. Morgan Securities, Inc. |
| Morgan Stanley & Co. Incorporated | 3.25 | 5.25 | Morgan Stanley & Co. Incorporated |
| The Royal Bank of Scotland PLC | 4.5 | 6.5 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 4 | 6 | UBS Securities LLC |
Inside Market Midpoint: 4.75
Adjustment Amounts
J.P. Morgan Securities, Inc.: $25,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 9 |
| Banc of America Securities LLC | Offer | 130 |
| Barclays Bank PLC | Offer | 12 |
| Citigroup Global Markets Inc. | Offer | 13.192 |
| Credit Suisse International | Offer | 13 |
| HSBC Bank USA, National Association | Offer | 0 |
| Morgan Stanley & Co. Incorporated | Offer | 25 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities LLC | Offer | 6.449 |
| Deutsche Bank AG | Bid | 0 |
| Goldman Sachs & Co. | Bid | 18.464 |
| J.P. Morgan Securities, Inc. | Bid | 10.5 |
Net Open Interest: $179.677 million to sell
| Sum of Buy Physical Requests | $28.964m |
| Sum of Sell Physical Requests | $208.641m |
| Sum of Physical Request Trades | $28.964m |
| Sum of Limit Order Trades | $179.677m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| J.P. Morgan Securities, Inc.** | 4.75* | 2 |
| Credit Suisse International | 4.75* | 20 |
| J.P. Morgan Securities, Inc. | 4.75* | 10 |
| The Royal Bank of Scotland PLC** | 4.5* | 2 |
| HSBC Bank USA, National Association** | 4* | 2 |
| Citigroup Global Markets Inc.** | 4* | 2 |
| UBS Securities LLC ** | 4* | 2 |
| Barclays Bank PLC** | 4* | 2 |
| BNP Paribas** | 4* | 2 |
| Credit Suisse International** | 3.5* | 2 |
| UBS Securities LLC | 3.5* | 10 |
| Banc of America Securities LLC | 3.375* | 91 |
| Goldman Sachs & Co.** | 3.25* | 2 |
| Morgan Stanley & Co. Incorporated** | 3.25* | 2 |
| Banc of America Securities LLC** | 3^ | 2 |
| UBS Securities LLC | 3^ | 25 |
| Credit Suisse International | 3^ | 8 |
| J.P. Morgan Securities, Inc. | 3^ | 20 |
| Deutsche Bank AG** | 2.5 | 2 |
| J.P. Morgan Securities, Inc. | 2.5 | 50 |
| Goldman Sachs & Co. | 2.5 | 28 |
| J.P. Morgan Securities, Inc. | 2.125 | 10 |
| J.P. Morgan Securities, Inc. | 2 | 150 |
| J.P. Morgan Securities, Inc. | 1.5 | 20 |
| Goldman Sachs & Co. | 1.125 | 179.677 |
| Goldman Sachs & Co. | 1.125 | 50 |
| Deutsche Bank AG | 1 | 50 |
| J.P. Morgan Securities, Inc. | 1 | 100 |
| UBS Securities LLC | 1 | 179.677 |
| Barclays Bank PLC | 1 | 10 |
| Deutsche Bank AG | 0.5 | 125 |
** 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 Visteon LCDS Auction, 23rd June 2009
Final Price: 39
On 23rd June 2009, 10 dealers submitted inside markets, physical settlement requests and limit orders to the Visteon auction administered by Creditex and Markit to settle trades across the market referencing Visteon Corporation.
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, NA | 37.5 | 40.5 | Bank of America, NA |
| Barclays Bank PLC | 39 | 42 | Barclays Bank PLC |
| Citigroup Global Markets Inc. | 38.125 | 41.125 | Citigroup Global Markets Inc. |
| Credit Suisse International | 39.5 | 42.5 | Credit Suisse International |
| Deutsche Bank AG | 37 | 40 | Deutsche Bank AG |
| Goldman Sachs Lending Partners, L.P. | 39.5 | 41.5 | Goldman Sachs Lending Partners, L.P. |
| J.P. Morgan Securities, Inc. | 38.5 | 41.5 | J.P. Morgan Securities, Inc. |
| Morgan Stanley Senior Funding, Inc. | 38.5 | 41 | Morgan Stanley Senior Funding, Inc. |
| The Royal Bank of Scotland PLC | 39 | 41 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 39.5 | 42.5 | UBS Securities LLC |
Inside Market Midpoint: 40
Adjustment Amounts
No adjustment amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, NA | Offer | 0 |
| Barclays Bank PLC | Offer | 15 |
| 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 |
| Morgan Stanley Senior Funding, Inc. | Offer | 25 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities LLC | Offer | 0 |
Net Open Interest: $40 million to sell
| Sum of Buy Physical Requests | $0.0m |
| Sum of Sell Physical Requests | $40.0m |
| Sum of Physical Request Trades | $0.0m |
| Sum of Limit Order Trades | $40.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Goldman Sachs Lending Partners, L.P. | 40.75* | 10 |
| J.P. Morgan Securities, Inc. | 40* | 5 |
| Credit Suisse International** | 39.5* | 2 |
| UBS Securities LLC** | 39.5* | 2 |
| Goldman Sachs Lending Partners, L.P.** | 39.5* | 2 |
| J.P. Morgan Securities, Inc. | 39.5* | 10 |
| Bank of America, NA | 39^ | 5 |
| J.P. Morgan Securities, Inc. | 39^ | 15 |
| Barclays Bank PLC** | 39^ | 2 |
| The Royal Bank of Scotland PLC** | 39^ | 2 |
| Goldman Sachs Lending Partners, L.P. | 38.75 | 30 |
| J.P. Morgan Securities, Inc.** | 38.5 | 2 |
| Morgan Stanley Senior Funding, Inc.** | 38.5 | 2 |
| Citigroup Global Markets Inc.** | 38.125 | 2 |
| Bank of America, NA | 38 | 10 |
| Bank of America, NA** | 37.5 | 2 |
| Morgan Stanley Senior Funding, Inc. | 37.5 | 5 |
| UBS Securities LLC | 37 | 3 |
| Barclays Bank PLC | 37 | 5 |
| Deutsche Bank AG** | 37 | 2 |
| The Royal Bank of Scotland PLC | 36 | 5 |
| Morgan Stanley Senior Funding, Inc. | 35 | 10 |
| The Royal Bank of Scotland PLC | 35 | 5 |
| Barclays Bank PLC | 35 | 5 |
| The Royal Bank of Scotland PLC | 34 | 5 |
| Morgan Stanley Senior Funding, Inc. | 33 | 25 |
| Barclays Bank PLC | 33 | 5 |
| Barclays Bank PLC | 30 | 40 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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