Texas Competitive Electric Holdings Company LLC Auction Results, 21 May 2014
Final Results of the Texas Competitive Electric Holdings Company LLC CDS Auction, 21 May 2014
Final Price: 8.5
On 21 May 2014, 11 dealers submitted initial markets, physical settlement requests and limit orders to the Texas Competitive Electric Holdings Company LLC auction administered by Creditex and S&P Global to settle trades across the market referencing Texas Competitive Electric Holdings Company LLC.
| Relevant Currency |
|---|
| USD |
| Auction Currency Rates | |
|---|---|
| USD/USD | 1.00000 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America | 8.125 | 9.125 | Bank of America |
| Barclays | 8.0 | 9.0 | Barclays |
| BNP Paribas | 8.0 | 9.0 | BNP Paribas |
| Citigroup | 8.5 | 9.5 | Citigroup |
| Credit Suisse AG | 8.75 | 9.75 | Credit Suisse AG |
| Deutsche Bank | 8.375 | 9.375 | Deutsche Bank |
| Goldman Sachs | 8.625 | 9.625 | Goldman Sachs |
| J.P. Morgan Securities LLC. | 8.0 | 9.0 | J.P. Morgan Securities LLC. |
| Morgan Stanley | 8.5 | 9.5 | Morgan Stanley |
| Nomura | 8.25 | 9.25 | Nomura |
| Societe Generale | 8.25 | 9.25 | Societe Generale |
Initial Market Midpoint: 8.75
Adjustment Amounts
No Adjustment Amount
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America | Offer | 0.0 |
| Barclays | Offer | 8.25 |
| BNP Paribas | Offer | 0.0 |
| Credit Suisse AG | Offer | 15.0 |
| Deutsche Bank | Offer | 0.0 |
| Goldman Sachs | Offer | 100.0 |
| J.P. Morgan Securities Inc. | Offer | 29.2 |
| Nomura | Offer | 0.0 |
| Societe Generale | Offer | 0.0 |
| Citigroup | Bid | 40.0 |
| Morgan Stanley | Bid | 41.7 |
Net Open Interest: USD 70.75 million to sell
| Sum of Buy Physical Requests | 81.7m |
| Sum of Sell Physical Requests | 152.45m |
| Sum of Physical Request Trades | 81.7m |
| Sum of Limit Order Trades | 70.75m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Citigroup | 8.75* | 10.0 |
| Credit Suisse AG** | 8.75* | 5.0 |
| Citigroup | 8.625* | 25.0 |
| Goldman Sachs** | 8.625* | 5.0 |
| Citigroup | 8.5^ | 20.0 |
| Bank of America | 8.5^ | 15.0 |
| Credit Suisse AG | 8.5^ | 10.0 |
| Barclays | 8.5^ | 5.0 |
| Citigroup** | 8.5^ | 5.0 |
| Morgan Stanley** | 8.5^ | 5.0 |
| Citigroup | 8.375 | 10.75 |
| Bank of America | 8.375 | 10.0 |
| Deutsche Bank** | 8.375 | 5.0 |
| Barclays | 8.375 | 5.0 |
| Bank of America | 8.25 | 25.0 |
| Barclays | 8.25 | 5.0 |
| Nomura** | 8.25 | 5.0 |
| Societe Generale** | 8.25 | 5.0 |
| Goldman Sachs | 8.125 | 70.75 |
| Barclays | 8.125 | 5.0 |
| Bank of America** | 8.125 | 5.0 |
| Bank of America | 8.0 | 50.0 |
| Morgan Stanley | 8.0 | 10.0 |
| Barclays | 8.0 | 5.0 |
| Barclays** | 8.0 | 5.0 |
| BNP Paribas** | 8.0 | 5.0 |
| J.P. Morgan Securities LLC.** | 8.0 | 5.0 |
| Barclays | 7.875 | 10.0 |
| Barclays | 7.75 | 10.0 |
| Barclays | 7.625 | 10.0 |
| Barclays | 7.5 | 5.0 |
| Barclays | 7.375 | 5.75 |
| J.P. Morgan Securities Inc. | 7.0 | 10.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.