Japan Airlines Corporation Auction Results, 22 April 2010
Final Results of the Japan Airlines Corporation CDS Auction, 22 April 2010
Final Price: 20
On 22 April 2010, 14 dealers submitted inside markets, physical settlement requests and limit orders to the Japan Airlines Corporation auction administered by Creditex and Markit to settle trades across the market referencing Japan Airlines Corporation.
The Japan Airlines Corporation Deliverable Obligations are denominated in JPY.
| Relevant Currency |
|---|
| JPY |
| Auction Currency Rates | |
|---|---|
| JPY/JPY | 1.00000 |
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Barclays Capital Japan Limited | 14.5 | 18.5 | Barclays Capital Japan Limited |
| BNP Paribas Securities (Japan) Limited, Tokyo Branch | 16 | 20 | BNP Paribas Securities (Japan) Limited, Tokyo Branch |
| Citigroup Global Markets Japan Inc. | 16 | 20 | Citigroup Global Markets Japan Inc. |
| Credit Suisse Securities (Japan) Limited | 18.5 | 22.5 | Credit Suisse Securities (Japan) Limited |
| Deutsche Bank AG | 16.5 | 20.5 | Deutsche Bank AG |
| Goldman Sachs International | 16 | 20 | Goldman Sachs International |
| JPM Securities Japan Co., Ltd. | 18 | 22 | JPM Securities Japan Co., Ltd. |
| Merrill Lynch Japan Securities Co., LTD. | 17 | 21 | Merrill Lynch Japan Securities Co., LTD. |
| Mitsubishi UFJ Securities Co., Ltd. | 13 | 17 | Mitsubishi UFJ Securities Co., Ltd. |
| Mizuho Securities Co., Ltd. | 15 | 19 | Mizuho Securities Co., Ltd. |
| Morgan Stanley Japan Securities Co., Ltd. | 15 | 19 | Morgan Stanley Japan Securities Co., Ltd. |
| The Hongkong and Shanghai Banking Corporation Limited | 16 | 20 | The Hongkong and Shanghai Banking Corporation Limited |
| The Royal Bank of Scotland PLC | 16 | 20 | The Royal Bank of Scotland PLC |
| UBS Securities Japan Ltd | 16 | 20 | UBS Securities Japan Ltd |
Inside Market Midpoint: 18
Adjustment Amounts
Credit Suisse Securities (Japan) Limited: JPY 1,000,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas Securities (Japan) Limited, Tokyo Branch | Offer | 500 |
| Barclays Capital Japan Limited | Offer | 0 |
| Citigroup Global Markets Japan Inc. | Offer | 0 |
| Credit Suisse Securities (Japan) Limited | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs International | Offer | 0 |
| The Hongkong and Shanghai Banking Corporation Limited | Offer | 0 |
| JPM Securities Japan Co., Ltd. | Offer | 0 |
| Mitsubishi UFJ Securities Co., Ltd. | Offer | 0 |
| Mizuho Securities Co., Ltd. | Offer | 0 |
| Morgan Stanley Japan Securities Co., Ltd. | Offer | 0 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities Japan Ltd | Offer | 0 |
| Merrill Lynch Japan Securities Co., LTD. | Bid | 200 |
Net Open Interest: JPY 300 million to sell
| Sum of Buy Physical Requests | JPY 200m |
| Sum of Sell Physical Requests | JPY 500m |
| Sum of Physical Request Trades | JPY 200m |
| Sum of Limit Order Trades | JPY 300m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Merrill Lynch Japan Securities Co., LTD. | 20* | 300 |
| JPM Securities Japan Co., Ltd. | 19.5 | 300 |
| Credit Suisse Securities (Japan) Limited** | 18 | 200 |
| JPM Securities Japan Co., Ltd.** | 18 | 200 |
| Merrill Lynch Japan Securities Co., LTD.** | 17 | 200 |
| Deutsche Bank AG** | 16.5 | 200 |
| Goldman Sachs International | 16 | 300 |
| UBS Securities Japan Ltd** | 16 | 200 |
| Goldman Sachs International** | 16 | 200 |
| The Hongkong and Shanghai Banking Corporation Limited** | 16 | 200 |
| The Royal Bank of Scotland PLC** | 16 | 200 |
| Citigroup Global Markets Japan Inc.** | 16 | 200 |
| BNP Paribas Securities (Japan) Limited, Tokyo Branch** | 16 | 200 |
| The Royal Bank of Scotland PLC | 15 | 300 |
| Morgan Stanley Japan Securities Co., Ltd.** | 15 | 200 |
| Mizuho Securities Co., Ltd.** | 15 | 200 |
| Barclays Capital Japan Limited** | 14.5 | 200 |
| BNP Paribas Securities (Japan) Limited, Tokyo Branch | 14 | 300 |
| Morgan Stanley Japan Securities Co., Ltd. | 13 | 300 |
| Mitsubishi UFJ Securities Co., Ltd.** | 13 | 200 |
| UBS Securities Japan Ltd | 10 | 300 |
| Deutsche Bank AG | 5 | 300 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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