Bradford & Bingley Auction Results, 30th July 2009
Bradford & Bingley Senior
Bradford & Bingley Subordinated
Final Results of the Bradford & Bingley Senior Auction, 30th July 2009
On 30th July 2009, 14 dealers submitted inside markets, physical settlement requests and limit orders to the Bradford & Bingley Senior auction administered by Creditex and S&P Global to settle trades across the market referencing Bradford & Bingley PLC.
The Bradford & Bingley Deliverable Obligations are denominated in EUR, GBP and CHF.
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/CHF | 0.65585 |
| EUR/EUR | 1.00000 |
| EUR/GBP | 1.15995 |
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America N.A. | 85 | 89 | Bank of America N.A. |
| Barclays Bank PLC | 83 | 87 | Barclays Bank PLC |
| BNP Paribas | 83 | 87 | BNP Paribas |
| Citigroup Global Markets LTD | 82.5 | 86.5 | Citigroup Global Markets LTD |
| Credit Suisse International | 82.5 | 86.5 | Credit Suisse International |
| Deutsche Bank AG | 86 | 90 | Deutsche Bank AG |
| Goldman Sachs International | 85 | 89 | Goldman Sachs International |
| HSBC Bank PLC | 83 | 87 | HSBC Bank PLC |
| JPMorgan Chase Bank, N.A. | 84.5 | 88.5 | JPMorgan Chase Bank, N.A. |
| Morgan Stanley & Co. International PLC | 85.5 | 89.5 | Morgan Stanley & Co. International PLC |
| Nomura International PLC | 83 | 87 | Nomura International PLC |
| The Royal Bank of Scotland PLC | 85.5 | 89.5 | The Royal Bank of Scotland PLC |
| Société Générale | 85 | 89 | Société Générale |
| UBS AG | 80 | 84 | UBS AG |
Adjustment Amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America N.A. | Offer | 12.3 |
| Citigroup Global Markets LTD | Offer | 0 |
| Credit Suisse International | Offer | 36.802 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs International | Offer | 0 |
| HSBC Bank PLC | Offer | 0 |
| Morgan Stanley & Co. International PLC | Offer | 7.327 |
| Nomura International PLC | Offer | 0 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| Société Générale | Offer | 0 |
| BNP Paribas | Bid | 0 |
| Barclays Bank PLC | Bid | 5.563 |
| JPMorgan Chase Bank, N.A. | Bid | 186.2 |
| UBS AG | Bid | 10 |
| Sum of Buy Physical Requests | €201.763m |
| Sum of Sell Physical Requests | €56.429m |
| Sum of Physical Request Trades | €56.429m |
| Sum of Limit Order Trades | €145.334m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| Goldman Sachs International | 85.875* | 8.5 |
| UBS AG** | 85.875* | 2 |
| Credit Suisse International** | 86.5* | 2 |
| Citigroup Global Markets LTD** | 86.5* | 2 |
| Goldman Sachs International | 86.875* | 5 |
| Nomura International PLC** | 87* | 2 |
| Barclays Bank PLC** | 87* | 2 |
| HSBC Bank PLC** | 87* | 2 |
| BNP Paribas** | 87* | 2 |
| Goldman Sachs International | 88.5* | 5 |
| JPMorgan Chase Bank, N.A.** | 88.5* | 2 |
| Morgan Stanley & Co. International PLC | 89* | 10 |
| Bank of America N.A.** | 89* | 2 |
| Société Générale** | 89* | 2 |
| Goldman Sachs International** | 89* | 2 |
| Bank of America N.A. | 89* | 1.6 |
| Morgan Stanley & Co. International PLC** | 89.5* | 2 |
| The Royal Bank of Scotland PLC** | 89.5* | 2 |
| Goldman Sachs International | 90* | 10 |
| Goldman Sachs International | 90* | 5 |
| Deutsche Bank AG** | 90* | 2 |
| Goldman Sachs International | 90* | 2 |
| Barclays Bank PLC | 91* | 2.5 |
| Bank of America N.A. | 91* | 1.6 |
| UBS AG | 91.25* | 8.78 |
| Morgan Stanley & Co. International PLC | 92* | 10 |
| The Royal Bank of Scotland PLC | 94.25* | 3.145 |
| JPMorgan Chase Bank, N.A. | 94.625^ | 145.334 |
| UBS AG | 95 | 5 |
| Barclays Bank PLC | 95 | 1.75 |
| The Royal Bank of Scotland PLC | 97.75 | 1 |
| Deutsche Bank AG | 100 | 145.334 |
| Credit Suisse International | 100 | 100 |
| The Royal Bank of Scotland PLC | 102 | 50 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
Back to topFinal Results of the Bradford & Bingley Subordinated Auction, 30th July 2009
On 30th July 2009, 14 dealers submitted inside markets, physical settlement requests and limit orders to the Bradford & Bingley Subordinated auction administered by Creditex and S&P Global to settle trades across the market referencing Bradford & Bingley PLC.
The Bradford & Bingley Deliverable Obligations are denominated in EUR, GBP and CHF.
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/CHF | 0.65585 |
| EUR/EUR | 1.00000 |
| EUR/GBP | 1.15995 |
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America N.A. | 5.5 | 9.5 | Bank of America N.A. |
| Barclays Bank PLC | 5 | 9 | Barclays Bank PLC |
| BNP Paribas | 4 | 8 | BNP Paribas |
| Citigroup Global Markets LTD | 4.25 | 8.25 | Citigroup Global Markets LTD |
| Credit Suisse International | 4 | 8 | Credit Suisse International |
| Deutsche Bank AG | 3.5 | 7.5 | Deutsche Bank AG |
| Goldman Sachs International | 2.5 | 6.5 | Goldman Sachs International |
| HSBC Bank PLC | 4 | 8 | HSBC Bank PLC |
| JPMorgan Chase Bank, N.A. | 4.5 | 8.5 | JPMorgan Chase Bank, N.A. |
| Morgan Stanley & Co. International PLC | 3.5 | 7.5 | Morgan Stanley & Co. International PLC |
| Nomura International PLC | 4.5 | 8.5 | Nomura International PLC |
| The Royal Bank of Scotland PLC | 3 | 7 | The Royal Bank of Scotland PLC |
| Société Générale | 3 | 7 | Société Générale |
| UBS AG | 4 | 8 | UBS AG |
Adjustment Amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 6 |
| Bank of America N.A. | Offer | 0 |
| Citigroup Global Markets LTD | Offer | 0 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs International | Offer | 18 |
| HSBC Bank PLC | Offer | 0 |
| JPMorgan Chase Bank, N.A. | Offer | 6.77 |
| Morgan Stanley & Co. International PLC | Offer | 1 |
| Nomura International PLC | Offer | 0 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| Société Générale | Offer | 0 |
| UBS AG | Offer | 0 |
| Barclays Bank PLC | Bid | 4.1 |
| Sum of Buy Physical Requests | €4.100m |
| Sum of Sell Physical Requests | €31.770m |
| Sum of Physical Request Trades | €4.100m |
| Sum of Limit Order Trades | €27.670m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Bank of America N.A.** | 5.5* | 2 |
| JPMorgan Chase Bank, N.A. | 5.125* | 7 |
| Credit Suisse International | 5^ | 27.67 |
| Barclays Bank PLC** | 5^ | 2 |
| JPMorgan Chase Bank, N.A. | 4.5 | 27.67 |
| Nomura International PLC** | 4.5 | 2 |
| JPMorgan Chase Bank, N.A.** | 4.5 | 2 |
| Citigroup Global Markets LTD** | 4.25 | 2 |
| Credit Suisse International** | 4 | 2 |
| HSBC Bank PLC** | 4 | 2 |
| UBS AG** | 4 | 2 |
| BNP Paribas** | 4 | 2 |
| Morgan Stanley & Co. International PLC** | 3.5 | 2 |
| Deutsche Bank AG** | 3.5 | 2 |
| The Royal Bank of Scotland PLC** | 3 | 2 |
| Société Générale** | 3 | 2 |
| Goldman Sachs International** | 2.5 | 2 |
| Bank of America N.A. | 2.25 | 25 |
| UBS AG | 0.5 | 5 |
| Deutsche Bank AG | 0.125 | 27.67 |
| Goldman Sachs International | 0.125 | 27.67 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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