Final Results of the McCarthy and Stone 1st lien Auction, 15 April 2010
Final Price: 70.375
On 15 April 2010, 6 dealers submitted inside markets to the McCarthy and Stone auction administered by Creditex and Markit to settle trades across the market referencing McCarthy and Stone.
Due to a zero Net Open Interest there was no subsequent bidding period to the McCarthy and Stone 1st lien auction.
As a result the Inside Market Midpoint value is the Final Price (as defined in the
ELCDS Auction Settlement Terms).
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Barclays Bank PLC | 65 | 75 | Barclays Bank PLC |
| Credit Suisse International | 65 | 75 | Credit Suisse International |
| Deutsche Bank AG | 65 | 75 | Deutsche Bank AG |
| Goldman Sachs International | 65 | 75 | Goldman Sachs International |
| JPMorgan Chase Bank, N.A. | 67 | 77 | JPMorgan Chase Bank, N.A. |
| Morgan Stanley & Co. International PLC | 78.125 | 88.125 | Morgan Stanley & Co. International PLC |
Inside Market Midpoint: 70.375
Adjustment Amounts
Not applicable
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Barclays Bank PLC | Offer | 0 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs International | Offer | 0 |
| JPMorgan Chase Bank, N.A. | Offer | 0 |
| Morgan Stanley & Co. International PLC | Offer | 0 |
Net Open Interest: £0 million to buy
| Sum of Buy Physical Requests | £0.0m |
| Sum of Sell Physical Requests | £0.0m |
| Sum of Physical Request Trades | £0.0m |
| Sum of Limit Order Trades | £0.0m |