Bankia Auction Results, 05 June 2013
Bankia CDS SNR/SUB Bucket 1
Final Price:
96.25
Bankia CDS SNR/SUB Bucket 2
Final Price:
88.5
Bankia CDS SNR/SUB Bucket 3
Final Price:
86.5
Bankia CDS SNR/SUB
Final Price:
87.5
Final Results of the Bankia CDS Auction, 05 June 2013
Final Price: 96.25
On 05 June 2013, 13 dealers submitted initial markets, physical settlement requests and limit orders to the Bankia auction administered by Creditex and S&P Global to settle trades across the market referencing Bankia, S.A..
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/EUR | 1.00000 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America N.A. | 97.5 | 99.5 | Bank of America N.A. |
| Barclays Bank PLC | 96.0 | 98.0 | Barclays Bank PLC |
| BNP Paribas | 95.75 | 97.75 | BNP Paribas |
| Citigroup Global Markets Limited | 94.5 | 96.5 | Citigroup Global Markets Limited |
| Credit Suisse International | 96.5 | 98.5 | Credit Suisse International |
| Deutsche Bank AG | 95.0 | 97.0 | Deutsche Bank AG |
| Goldman Sachs International | 97.25 | 99.25 | Goldman Sachs International |
| HSBC Bank PLC | 96.0 | 98.0 | HSBC Bank PLC |
| JPMorgan Chase Bank N.A. | 95.0 | 97.0 | JPMorgan Chase Bank N.A. |
| Morgan Stanley & Co. International PLC | 97.0 | 99.0 | Morgan Stanley & Co. International PLC |
| Nomura International PLC | 96.0 | 98.0 | Nomura International PLC |
| Société Générale | 96.0 | 98.0 | Société Générale |
| UBS AG | 97.5 | 99.5 | UBS AG |
Initial Market Midpoint: 97.125
Adjustment Amounts
Citigroup Global Markets Limited
EUR 6,250
JPMorgan Chase Bank N.A.
EUR 1,250
Deutsche Bank AG
EUR 1,250
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Barclays Bank PLC | Offer | 0.0 |
| BNP Paribas | Offer | 0.0 |
| Citigroup Global Markets Limited | Offer | 0.0 |
| Credit Suisse International | Offer | 0.0 |
| Deutsche Bank AG | Offer | 0.0 |
| Goldman Sachs International | Offer | 1.8 |
| HSBC Bank PLC | Offer | 0.0 |
| JPMorgan Chase Bank N.A. | Offer | 0.0 |
| Morgan Stanley & Co. International PLC | Offer | 0.0 |
| Nomura International PLC | Offer | 0.0 |
| Société Générale | Offer | 0.0 |
| Bank of America N.A. | Bid | 7.0 |
| UBS AG | Bid | 7.5 |
Net Open Interest: EUR 12.7 million to buy
| Sum of Buy Physical Requests | 14.5m |
| Sum of Sell Physical Requests | 1.8m |
| Sum of Physical Request Trades | 1.8m |
| Sum of Limit Order Trades | 12.7m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| JPMorgan Chase Bank N.A. | 96.25^ | 12.7 |
| Citigroup Global Markets Limited** | 97.125 | 1.0 |
| JPMorgan Chase Bank N.A.** | 97.125 | 1.0 |
| Deutsche Bank AG** | 97.125 | 1.0 |
| UBS AG | 97.75 | 7.5 |
| BNP Paribas** | 97.75 | 1.0 |
| Bank of America N.A. | 98.0 | 7.0 |
| Nomura International PLC** | 98.0 | 1.0 |
| HSBC Bank PLC** | 98.0 | 1.0 |
| Société Générale** | 98.0 | 1.0 |
| Barclays Bank PLC** | 98.0 | 1.0 |
| Morgan Stanley & Co. International PLC | 98.5 | 7.0 |
| Credit Suisse International** | 98.5 | 1.0 |
| Morgan Stanley & Co. International PLC** | 99.0 | 1.0 |
| Goldman Sachs International** | 99.25 | 1.0 |
| Bank of America N.A.** | 99.5 | 1.0 |
| UBS AG** | 99.5 | 1.0 |
| BNP Paribas | 99.875 | 8.0 |
| Goldman Sachs International | 101.0 | 5.0 |
| Goldman Sachs International | 102.0 | 5.0 |
| Goldman Sachs International | 103.0 | 1.7 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
topFinal Results of the Bankia CDS Auction, 05 June 2013
Final Price: 88.5
On 05 June 2013, 13 dealers submitted initial markets, physical settlement requests and limit orders to the Bankia auction administered by Creditex and S&P Global to settle trades across the market referencing Bankia, S.A..
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/EUR | 1.00000 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America N.A. | 87.5 | 89.5 | Bank of America N.A. |
| Barclays Bank PLC | 86.0 | 88.0 | Barclays Bank PLC |
| BNP Paribas | 87.5 | 89.5 | BNP Paribas |
| Citigroup Global Markets Limited | 86.5 | 88.5 | Citigroup Global Markets Limited |
| Credit Suisse International | 87.5 | 89.5 | Credit Suisse International |
| Deutsche Bank AG | 88.0 | 90.0 | Deutsche Bank AG |
| Goldman Sachs International | 86.5 | 88.5 | Goldman Sachs International |
| HSBC Bank PLC | 87.375 | 89.375 | HSBC Bank PLC |
| JPMorgan Chase Bank N.A. | 87.0 | 89.0 | JPMorgan Chase Bank N.A. |
| Morgan Stanley & Co. International PLC | 86.0 | 88.0 | Morgan Stanley & Co. International PLC |
| Nomura International PLC | 86.0 | 88.0 | Nomura International PLC |
| Société Générale | 79.0 | 81.0 | Société Générale |
| UBS AG | 89.5 | 91.5 | UBS AG |
Initial Market Midpoint: 87.875
Adjustment Amounts
UBS AG
EUR 16,250
Deutsche Bank AG
EUR 1,250
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Barclays Bank PLC | Offer | 9.0 |
| BNP Paribas | Offer | 23.0 |
| Citigroup Global Markets Limited | Offer | 0.0 |
| Credit Suisse International | Offer | 0.0 |
| Deutsche Bank AG | Offer | 0.0 |
| Goldman Sachs International | Offer | 0.0 |
| HSBC Bank PLC | Offer | 0.0 |
| Morgan Stanley & Co. International PLC | Offer | 1.0 |
| Nomura International PLC | Offer | 0.0 |
| Société Générale | Offer | 0.0 |
| Bank of America N.A. | Bid | 2.0 |
| JPMorgan Chase Bank N.A. | Bid | 11.5 |
| UBS AG | Bid | 12.0 |
Net Open Interest: EUR 7.5 million to sell
| Sum of Buy Physical Requests | 25.5m |
| Sum of Sell Physical Requests | 33.0m |
| Sum of Physical Request Trades | 25.5m |
| Sum of Limit Order Trades | 7.5m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| JPMorgan Chase Bank N.A. | 88.5* | 7.5 |
| UBS AG** | 87.875 | 1.0 |
| Deutsche Bank AG** | 87.875 | 1.0 |
| Barclays Bank PLC | 87.75 | 7.5 |
| Bank of America N.A. | 87.5 | 2.0 |
| Bank of America N.A.** | 87.5 | 1.0 |
| Credit Suisse International** | 87.5 | 1.0 |
| BNP Paribas** | 87.5 | 1.0 |
| HSBC Bank PLC** | 87.375 | 1.0 |
| JPMorgan Chase Bank N.A.** | 87.0 | 1.0 |
| Citigroup Global Markets Limited** | 86.5 | 1.0 |
| Goldman Sachs International** | 86.5 | 1.0 |
| Barclays Bank PLC** | 86.0 | 1.0 |
| Nomura International PLC** | 86.0 | 1.0 |
| Morgan Stanley & Co. International PLC** | 86.0 | 1.0 |
| Société Générale** | 79.0 | 1.0 |
| Goldman Sachs International | 75.0 | 2.5 |
| Goldman Sachs International | 70.0 | 4.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
topFinal Results of the Bankia CDS Auction, 05 June 2013
Final Price: 86.5
On 05 June 2013, 13 dealers submitted initial markets, physical settlement requests and limit orders to the Bankia auction administered by Creditex and S&P Global to settle trades across the market referencing Bankia, S.A..
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/EUR | 1.00000 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America N.A. | 86.75 | 89.75 | Bank of America N.A. |
| Barclays Bank PLC | 85.5 | 88.5 | Barclays Bank PLC |
| BNP Paribas | 86.5 | 89.5 | BNP Paribas |
| Citigroup Global Markets Limited | 85.5 | 88.5 | Citigroup Global Markets Limited |
| Credit Suisse International | 87.0 | 90.0 | Credit Suisse International |
| Deutsche Bank AG | 87.0 | 90.0 | Deutsche Bank AG |
| Goldman Sachs International | 87.0 | 89.0 | Goldman Sachs International |
| HSBC Bank PLC | 86.5 | 89.5 | HSBC Bank PLC |
| JPMorgan Chase Bank N.A. | 86.5 | 89.5 | JPMorgan Chase Bank N.A. |
| Morgan Stanley & Co. International PLC | 86.0 | 88.0 | Morgan Stanley & Co. International PLC |
| Nomura International PLC | 86.0 | 88.0 | Nomura International PLC |
| Société Générale | 79.0 | 81.0 | Société Générale |
| UBS AG | 89.5 | 92.5 | UBS AG |
Initial Market Midpoint: 87.75
Adjustment Amounts
UBS AG
EUR 17,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America N.A. | Offer | 0.0 |
| Barclays Bank PLC | Offer | 0.0 |
| Citigroup Global Markets Limited | Offer | 0.0 |
| Credit Suisse International | Offer | 0.0 |
| Deutsche Bank AG | Offer | 0.0 |
| Goldman Sachs International | Offer | 0.0 |
| HSBC Bank PLC | Offer | 0.0 |
| JPMorgan Chase Bank N.A. | Offer | 0.0 |
| Morgan Stanley & Co. International PLC | Offer | 0.0 |
| Nomura International PLC | Offer | 0.0 |
| Société Générale | Offer | 14.5 |
| UBS AG | Offer | 9.5 |
| BNP Paribas | Bid | 14.0 |
Net Open Interest: EUR 10 million to sell
| Sum of Buy Physical Requests | 14.0m |
| Sum of Sell Physical Requests | 24.0m |
| Sum of Physical Request Trades | 14.0m |
| Sum of Limit Order Trades | 10.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| UBS AG** | 87.75* | 1.0 |
| Deutsche Bank AG** | 87.0* | 1.0 |
| Goldman Sachs International** | 87.0* | 1.0 |
| BNP Paribas | 87.0* | 1.0 |
| Credit Suisse International** | 87.0* | 1.0 |
| Bank of America N.A.** | 86.75* | 1.0 |
| BNP Paribas | 86.75* | 1.0 |
| JPMorgan Chase Bank N.A.** | 86.5* | 1.0 |
| HSBC Bank PLC** | 86.5* | 1.0 |
| BNP Paribas** | 86.5* | 1.0 |
| Morgan Stanley & Co. International PLC** | 86.0 | 1.0 |
| Nomura International PLC** | 86.0 | 1.0 |
| Barclays Bank PLC** | 85.5 | 1.0 |
| Citigroup Global Markets Limited** | 85.5 | 1.0 |
| JPMorgan Chase Bank N.A. | 85.0 | 10.0 |
| Société Générale** | 79.0 | 1.0 |
| Goldman Sachs International | 50.0 | 9.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
topFinal Results of the Bankia CDS Auction, 05 June 2013
Final Price: 87.5
On 05 June 2013, 13 dealers submitted initial markets, physical settlement requests and limit orders to the Bankia auction administered by Creditex and S&P Global to settle trades across the market referencing Bankia, S.A..
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/EUR | 1.00000 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America N.A. | 86.75 | 89.75 | Bank of America N.A. |
| Barclays Bank PLC | 85.5 | 88.5 | Barclays Bank PLC |
| BNP Paribas | 86.5 | 89.5 | BNP Paribas |
| Citigroup Global Markets Limited | 85.5 | 88.5 | Citigroup Global Markets Limited |
| Credit Suisse International | 87.0 | 90.0 | Credit Suisse International |
| Deutsche Bank AG | 86.0 | 89.0 | Deutsche Bank AG |
| Goldman Sachs International | 88.25 | 90.25 | Goldman Sachs International |
| HSBC Bank PLC | 86.5 | 89.5 | HSBC Bank PLC |
| JPMorgan Chase Bank N.A. | 85.0 | 88.0 | JPMorgan Chase Bank N.A. |
| Morgan Stanley & Co. International PLC | 86.0 | 88.0 | Morgan Stanley & Co. International PLC |
| Nomura International PLC | 86.0 | 88.0 | Nomura International PLC |
| Société Générale | 79.0 | 81.0 | Société Générale |
| UBS AG | 89.5 | 92.5 | UBS AG |
Initial Market Midpoint: 87.5
Adjustment Amounts
Société Générale
EUR 65,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America N.A. | Offer | 0.0 |
| Barclays Bank PLC | Offer | 0.0 |
| Citigroup Global Markets Limited | Offer | 0.0 |
| Credit Suisse International | Offer | 0.0 |
| Deutsche Bank AG | Offer | 0.0 |
| Goldman Sachs International | Offer | 0.0 |
| HSBC Bank PLC | Offer | 0.0 |
| JPMorgan Chase Bank N.A. | Offer | 0.0 |
| Morgan Stanley & Co. International PLC | Offer | 0.0 |
| Nomura International PLC | Offer | 0.0 |
| UBS AG | Offer | 2.5 |
| BNP Paribas | Bid | 9.0 |
| Société Générale | Bid | 14.5 |
Net Open Interest: EUR 21 million to buy
| Sum of Buy Physical Requests | 23.5m |
| Sum of Sell Physical Requests | 2.5m |
| Sum of Physical Request Trades | 2.5m |
| Sum of Limit Order Trades | 21.0m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| JPMorgan Chase Bank N.A. | 86.75* | 10.0 |
| JPMorgan Chase Bank N.A. | 87.5^ | 11.0 |
| Société Générale** | 87.5^ | 1.0 |
| Bank of America N.A. | 88.0 | 2.0 |
| Morgan Stanley & Co. International PLC** | 88.0 | 1.0 |
| Nomura International PLC** | 88.0 | 1.0 |
| JPMorgan Chase Bank N.A.** | 88.0 | 1.0 |
| Barclays Bank PLC** | 88.5 | 1.0 |
| Citigroup Global Markets Limited** | 88.5 | 1.0 |
| Barclays Bank PLC | 89.0 | 8.0 |
| Bank of America N.A. | 89.0 | 3.0 |
| Deutsche Bank AG** | 89.0 | 1.0 |
| Bank of America N.A. | 89.5 | 3.0 |
| HSBC Bank PLC** | 89.5 | 1.0 |
| BNP Paribas** | 89.5 | 1.0 |
| Bank of America N.A.** | 89.75 | 1.0 |
| BNP Paribas | 89.75 | 1.0 |
| Credit Suisse International** | 90.0 | 1.0 |
| Goldman Sachs International** | 90.25 | 1.0 |
| BNP Paribas | 90.5 | 1.0 |
| Morgan Stanley & Co. International PLC | 91.0 | 4.0 |
| BNP Paribas | 91.0 | 1.0 |
| Morgan Stanley & Co. International PLC | 92.0 | 5.0 |
| BNP Paribas | 92.0 | 2.0 |
| UBS AG** | 92.5 | 1.0 |
| BNP Paribas | 93.0 | 2.0 |
| BNP Paribas | 94.0 | 2.0 |
| BNP Paribas | 95.0 | 2.0 |
| Goldman Sachs International | 95.0 | 2.0 |
| BNP Paribas | 95.5 | 3.0 |
| Goldman Sachs International | 96.0 | 1.0 |
| Goldman Sachs International | 97.0 | 2.0 |
| Goldman Sachs International | 99.0 | 1.0 |
| Goldman Sachs International | 100.0 | 10.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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