Capmark Auction Results, 22nd April 2009
Final Results of the Capmark CDS Auction, 22nd April 2009
Final Price: 23.375
On 22nd April 2009, 10 dealers submitted inside markets, physical settlement requests and limit orders to the Capmark auction administered by Creditex and S&P Global to settle trades across the market referencing Capmark Financial Group Inc..
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities LLC | 22.5 | 24.5 | Banc of America Securities LLC |
| Barclays Bank PLC | 22.5 | 24.5 | Barclays Bank PLC |
| BNP Paribas | 22.5 | 24.5 | BNP Paribas |
| Citigroup Global Markets Inc. | 24.5 | 26.5 | Citigroup Global Markets Inc. |
| Credit Suisse International | 20 | 22 | Credit Suisse International |
| Deutsche Bank AG | 18 | 20 | Deutsche Bank AG |
| J.P. Morgan Securities Inc. | 20.5 | 22.5 | J.P. Morgan Securities Inc. |
| Morgan Stanley & Co. Incorporated | 20 | 22 | Morgan Stanley & Co. Incorporated |
| The Royal Bank of Scotland PLC | 20.5 | 22.5 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 22.75 | 24.75 | UBS Securities LLC |
Inside Market Midpoint: 22.375
Adjustment Amounts
Citigroup Global Markets Inc.: $42,500
UBS Securities LLC: $7,500
Banc of America Securities LLC: $2,500
Barclays Bank PLC: $2,500
BNP Paribas: $2,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 0 |
| Banc of America Securities LLC | Offer | 0 |
| Barclays Bank PLC | Offer | 0 |
| Citigroup Global Markets Inc. | Offer | 40 |
| Credit Suisse International | Offer | 47.25 |
| Deutsche Bank AG | Offer | 0 |
| J.P. Morgan Securities Inc. | Offer | 0.8 |
| Morgan Stanley & Co. Incorporated | Offer | 26 |
| The Royal Bank of Scotland PLC | Offer | 1 |
| UBS Securities LLC | Offer | 0 |
Net Open Interest: $115.05 million to sell
| Sum of Buy Physical Requests | $0.000m |
| Sum of Sell Physical Requests | $115.050m |
| Sum of Physical Request Trades | $0.000m |
| Sum of Limit Order Trades | $115.050m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Citigroup Global Markets Inc. | 23.375^ | 20 |
| Citigroup Global Markets Inc. | 23.375^ | 35 |
| Deutsche Bank AG | 23.375^ | 25 |
| Morgan Stanley & Co. Incorporated | 23.375^ | 5 |
| Citigroup Global Markets Inc. | 23.375^ | 50 |
| Citigroup Global Markets Inc. | 23.375^ | 115.05 |
| Banc of America Securities LLC | 23.375^ | 20 |
| Banc of America Securities LLC | 23.375^ | 5 |
| UBS Securities LLC | 23.375^ | 25 |
| Morgan Stanley & Co. Incorporated | 23.375^ | 115 |
| UBS Securities LLC | 23.375^ | 5 |
| The Royal Bank of Scotland PLC | 23.375^ | 115.05 |
| Morgan Stanley & Co. Incorporated | 23.375^ | 115 |
| Morgan Stanley & Co. Incorporated | 23.375^ | 25 |
| Barclays Bank PLC | 23.375^ | 25 |
| Citigroup Global Markets Inc. | 23.375^ | 20 |
| Credit Suisse International | 23.375^ | 10 |
| Citigroup Global Markets Inc. | 23.375^ | 20 |
| Citigroup Global Markets Inc. | 23.375^ | 25 |
| J.P. Morgan Securities Inc. | 23.375^ | 115.05 |
| Deutsche Bank AG | 23.125 | 2 |
| Deutsche Bank AG | 23 | 15 |
| Banc of America Securities LLC | 23 | 5 |
| Deutsche Bank AG | 22.875 | 15 |
| Banc of America Securities LLC | 22.5 | 5 |
| Banc of America Securities LLC | 22.5 | 5 |
| Barclays Bank PLC | 22.5 | 10 |
| Deutsche Bank AG | 22.5 | 10 |
| Citigroup Global Markets Inc.** | 22.375 | 2 |
| UBS Securities LLC** | 22.375 | 2 |
| Banc of America Securities LLC** | 22.375 | 2 |
| Barclays Bank PLC** | 22.375 | 2 |
| BNP Paribas** | 22.375 | 2 |
| Barclays Bank PLC | 22.375 | 30 |
| Deutsche Bank AG | 22.25 | 15 |
| Deutsche Bank AG | 22.125 | 5 |
| Banc of America Securities LLC | 22 | 5 |
| UBS Securities LLC | 22 | 10 |
| Banc of America Securities LLC | 22 | 5 |
| Deutsche Bank AG | 21.875 | 15 |
| Banc of America Securities LLC | 21.5 | 5 |
| Barclays Bank PLC | 21.25 | 10 |
| Banc of America Securities LLC | 21 | 5 |
| Deutsche Bank AG | 21 | 32 |
| UBS Securities LLC | 21 | 10 |
| Banc of America Securities LLC | 21 | 5 |
| UBS Securities LLC | 21 | 10 |
| J.P. Morgan Securities Inc.** | 20.5 | 2 |
| The Royal Bank of Scotland PLC** | 20.5 | 2 |
| Banc of America Securities LLC | 20.5 | 5 |
| Banc of America Securities LLC | 20.5 | 5 |
| Credit Suisse International** | 20 | 2 |
| Morgan Stanley & Co. Incorporated** | 20 | 2 |
| UBS Securities LLC | 20 | 10 |
| UBS Securities LLC | 20 | 10 |
| Banc of America Securities LLC | 19.5 | 5 |
| Credit Suisse International | 19.125 | 15 |
| UBS Securities LLC | 19 | 10 |
| Deutsche Bank AG** | 18 | 2 |
| Barclays Bank PLC | 15 | 40 |
| Barclays Bank PLC | 12 | 50 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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