Yell Limited Auction Results, 15 November 2012
Final Results of the Yell Limited LCDS Auction, 15 November 2012
Final Price: 50
On 15 November 2012, 4 dealers submitted initial markets, physical settlement requests and limit orders to the Yell Limited auction administered by Creditex and Markit to settle trades across the market referencing Yell Limited.
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/EUR | 1.00000 |
| EUR/USD | 0.78345 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Credit Suisse International | 23.875 | 28.875 | Credit Suisse International |
| Goldman Sachs International | 30.0 | 35.0 | Goldman Sachs International |
| JPMorgan Chase Bank, N.A. | 32.5 | 37.5 | JPMorgan Chase Bank, N.A. |
| Morgan Stanley & Co. International PLC | 28.0 | 33.0 | Morgan Stanley & Co. International PLC |
Initial Market Midpoint: 31.5
Adjustment Amounts
Credit Suisse International
EUR 26,250
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| JPMorgan Chase Bank, N.A. | Offer | 0.0 |
| Morgan Stanley & Co. International PLC | Offer | 9.5 |
| Credit Suisse International | Bid | 1.0 |
| Goldman Sachs International | Bid | 27.0 |
Net Open Interest: EUR 18.5 million to buy
| Sum of Buy Physical Requests | 28.0m |
| Sum of Sell Physical Requests | 9.5m |
| Sum of Physical Request Trades | 9.5m |
| Sum of Limit Order Trades | 18.5m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| Credit Suisse International | 30.5* | 5.0 |
| Credit Suisse International** | 31.5* | 1.0 |
| Morgan Stanley & Co. International PLC** | 33.0* | 1.0 |
| Goldman Sachs International** | 35.0* | 1.0 |
| JPMorgan Chase Bank, N.A.** | 37.5* | 1.0 |
| JPMorgan Chase Bank, N.A. | 42.5* | 3.0 |
| Credit Suisse International | 45.0* | 2.0 |
| JPMorgan Chase Bank, N.A. | 48.0* | 2.0 |
| Morgan Stanley & Co. International PLC | 50.0^ | 5.0 |
| Credit Suisse International | 50.0^ | 2.0 |
| Morgan Stanley & Co. International PLC | 55.0 | 5.0 |
| Credit Suisse International | 55.0 | 2.0 |
| Morgan Stanley & Co. International PLC | 60.0 | 5.0 |
| Credit Suisse International | 60.0 | 2.0 |
| Morgan Stanley & Co. International PLC | 65.0 | 5.0 |
| Credit Suisse International | 65.0 | 1.0 |
| Goldman Sachs International | 74.875 | 8.0 |
| Goldman Sachs International | 84.875 | 3.5 |
| Goldman Sachs International | 99.875 | 6.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.