Equistar Auction Results, 3rd February 2009
Final Results of the Equistar CDS Auction, 3rd February 2009
Final Price: 27.5
On 3rd February 2009, 11 dealers submitted inside markets, physical settlement requests and limit orders to the Equistar auction administered by Creditex and S&P Global to settle trades across the market referencing Equistar Chemicals, LP .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities, LLC | 30.5 | 32.5 | Banc of America Securities, LLC |
| Barclays Bank PLC | 27.5 | 29.5 | Barclays Bank PLC |
| BNP Paribas | 29.5 | 31.5 | BNP Paribas |
| Citigroup Global Markets Inc. | 31.125 | 33.125 | Citigroup Global Markets Inc. |
| Credit Suisse International | 29.625 | 31.625 | Credit Suisse International |
| Deutsche Bank AG | 28 | 30 | Deutsche Bank AG |
| Goldman Sachs & Co. | 28 | 30 | Goldman Sachs & Co. |
| J.P. Morgan Securities Inc. | 30 | 32 | J.P. Morgan Securities Inc. |
| Morgan Stanley & Co. Incorporated | 29 | 31 | Morgan Stanley & Co. Incorporated |
| The Royal Bank of Scotland PLC | 29 | 31 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 30 | 32 | UBS Securities LLC |
Inside Market Midpoint:
30.375
Adjustment Amounts
Citigroup Global Markets
Inc.: $15,000
Banc of America Securities,
LLC: $2,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 0 |
| Banc of America Securities, LLC | Offer | 0 |
| Barclays Bank PLC | Offer | 5 |
| Citigroup Global Markets Inc. | Offer | 0 |
| Credit Suisse International | Offer | 3 |
| Deutsche Bank AG | Offer | 25.476 |
| Goldman Sachs & Co. | Offer | 0 |
| J.P. Morgan Securities Inc. | Offer | 0 |
| Morgan Stanley & Co. Incorporated | Offer | 0 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities LLC | Offer | 0 |
Net Open Interest: $33.476 million to sell
| Sum of Buy Physical Requests | $0.0m |
| Sum of Sell Physical Requests | $33.476m |
| Sum of Physical Request Trades | $0.0m |
| Sum of Limit Order Trades | $33.476m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Citigroup Global Markets Inc.** | 30.375* | 2 |
| Banc of America Securities, LLC** | 30.375* | 2 |
| UBS Securities LLC** | 30.375* | 2 |
| J.P. Morgan Securities Inc.** | 30* | 2 |
| Credit Suisse International** | 29.625* | 2 |
| BNP Paribas** | 29.5* | 2 |
| The Royal Bank of Scotland PLC** | 29* | 2 |
| Morgan Stanley & Co. Incorporated** | 29* | 2 |
| Banc of America Securities, LLC | 28.5* | 2 |
| Goldman Sachs & Co.** | 28* | 2 |
| Deutsche Bank AG** | 28* | 2 |
| Citigroup Global Markets Inc. | 28* | 8 |
| Barclays Bank PLC** | 27.5^ | 2 |
| Citigroup Global Markets Inc. | 27.5^ | 3 |
| Citigroup Global Markets Inc. | 27 | 3 |
| Citigroup Global Markets Inc. | 26.5 | 3 |
| Citigroup Global Markets Inc. | 26 | 3 |
| Citigroup Global Markets Inc. | 25.5 | 3 |
| Citigroup Global Markets Inc. | 25 | 3 |
| Citigroup Global Markets Inc. | 24.5 | 3 |
| Citigroup Global Markets Inc. | 24 | 3 |
| Citigroup Global Markets Inc. | 23.5 | 3 |
| Barclays Bank PLC | 18 | 5 |
| Goldman Sachs & Co. | 15 | 33.476 |
| J.P. Morgan Securities Inc. | 8.125 | 10 |
| Morgan Stanley & Co. Incorporated | 8 | 5 |
| Morgan Stanley & Co. Incorporated | 5 | 5 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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