Chemtura Auction Results, 14th April 2009
Final Results of the Chemtura CDS Auction, 14th April 2009
Final Price: 15
On 14th April 2009, 11 dealers submitted inside markets, physical settlement requests and limit orders to the Chemtura auction administered by Creditex and S&P Global to settle trades across the market referencing Chemtura Corporation.
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities LLC | 20 | 22 | Banc of America Securities LLC |
| Barclays Bank PLC | 18.5 | 20.5 | Barclays Bank PLC |
| BNP Paribas | 21 | 23 | BNP Paribas |
| Citigroup Global Markets Inc. | 19.25 | 21.25 | Citigroup Global Markets Inc. |
| Credit Suisse International | 21.5 | 23.5 | Credit Suisse International |
| Deutsche Bank AG | 20 | 22 | Deutsche Bank AG |
| Goldman Sachs & Co. | 19.5 | 21.5 | Goldman Sachs & Co. |
| J.P. Morgan Securities Inc. | 22 | 24 | J.P. Morgan Securities Inc. |
| Morgan Stanley & Co. Incorporated | 19 | 21 | Morgan Stanley & Co. Incorporated |
| The Royal Bank of Scotland PLC | 19 | 21 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 23 | 25 | UBS Securities LLC |
Inside Market Midpoint: 20.875
Adjustment Amounts
UBS Securities LLC: $42,500
J.P. Morgan Securities Inc.: $22,500
Credit Suisse International: $12,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 0 |
| Banc of America Securities LLC | Offer | 2 |
| Barclays Bank PLC | Offer | 20.5 |
| Citigroup Global Markets Inc. | Offer | 27.246 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 97 |
| Goldman Sachs & Co. | Offer | 15 |
| Morgan Stanley & Co. Incorporated | Offer | 31.337 |
| The Royal Bank of Scotland PLC | Offer | 21 |
| J.P. Morgan Securities Inc. | Bid | 14.395 |
| UBS Securities LLC | Bid | 100.95 |
Net Open Interest: $98.738 million to sell
| Sum of Buy Physical Requests | $115.345m |
| Sum of Sell Physical Requests | $214.083m |
| Sum of Physical Request Trades | $115.345m |
| Sum of Limit Order Trades | $98.738m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Goldman Sachs & Co. | 21.875* | 22 |
| BNP Paribas** | 21* | 2 |
| UBS Securities LLC** | 20.875* | 2 |
| J.P. Morgan Securities Inc.** | 20.875* | 2 |
| Credit Suisse International** | 20.875* | 2 |
| Deutsche Bank AG** | 20* | 2 |
| Banc of America Securities LLC** | 20* | 2 |
| UBS Securities LLC | 20* | 5 |
| Goldman Sachs & Co.** | 19.5* | 2 |
| Citigroup Global Markets Inc.** | 19.25* | 2 |
| The Royal Bank of Scotland PLC** | 19* | 2 |
| Morgan Stanley & Co. Incorporated** | 19* | 2 |
| Barclays Bank PLC** | 18.5* | 2 |
| Deutsche Bank AG | 17.5* | 9 |
| Deutsche Bank AG | 17* | 3 |
| UBS Securities LLC | 16.125* | 5 |
| The Royal Bank of Scotland PLC | 16.125* | 5 |
| Barclays Bank PLC | 16* | 5 |
| J.P. Morgan Securities Inc. | 16* | 3 |
| Deutsche Bank AG | 16* | 1 |
| Deutsche Bank AG | 15^ | 1 |
| Goldman Sachs & Co. | 15^ | 25 |
| Goldman Sachs & Co. | 15^ | 15 |
| Deutsche Bank AG | 14.5 | 10 |
| UBS Securities LLC | 14.125 | 5 |
| The Royal Bank of Scotland PLC | 14.125 | 5 |
| Deutsche Bank AG | 14 | 21 |
| Goldman Sachs & Co. | 14 | 15 |
| Deutsche Bank AG | 13 | 12 |
| Goldman Sachs & Co. | 13 | 15 |
| J.P. Morgan Securities Inc. | 13 | 2 |
| Deutsche Bank AG | 12.5 | 10 |
| UBS Securities LLC | 12.125 | 5 |
| The Royal Bank of Scotland PLC | 12.125 | 5 |
| Barclays Bank PLC | 12 | 10 |
| Deutsche Bank AG | 12 | 11 |
| Citigroup Global Markets Inc. | 11.875 | 10 |
| J.P. Morgan Securities Inc. | 11 | 2 |
| Deutsche Bank AG | 11 | 11 |
| Deutsche Bank AG | 10.25 | 9.7 |
| The Royal Bank of Scotland PLC | 10.125 | 5 |
| UBS Securities LLC | 10.125 | 5 |
| Goldman Sachs & Co. | 10 | 2 |
| J.P. Morgan Securities Inc. | 10 | 5 |
| Morgan Stanley & Co. Incorporated | 10 | 10 |
| Citigroup Global Markets Inc. | 9.875 | 10 |
| Goldman Sachs & Co. | 9 | 3 |
| Citigroup Global Markets Inc. | 7.875 | 10 |
| UBS Securities LLC | 7.625 | 98.738 |
| Goldman Sachs & Co. | 7 | 3 |
| Goldman Sachs & Co. | 6.5 | 25 |
| Citigroup Global Markets Inc. | 6.375 | 10 |
| Citigroup Global Markets Inc. | 5.625 | 10 |
| UBS Securities LLC | 5 | 50 |
| J.P. Morgan Securities Inc. | 5 | 10 |
| Goldman Sachs & Co. | 5 | 4 |
| Goldman Sachs & Co. | 5 | 90.738 |
| Morgan Stanley & Co. Incorporated | 5 | 98.738 |
| Citigroup Global Markets Inc. | 2.125 | 50 |
| Barclays Bank PLC | 2 | 85 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
Back to top