JSC BTA Bank Auction Results, 10th June 2009
Final Results of the JSC BTA Bank CDS Auction, 10th June 2009
Final Price: 10.25
On 10th June 2009, 13 dealers submitted inside markets, physical settlement requests and limit orders to the JSC BTA Bank auction administered by Creditex and S&P Global to settle trades across the market referencing Joint Stock Company "BTA Bank" .
The JSC BTA Bank Deliverable Obligations are denominated in CHF, EUR, GBP, JPY and USD.
| Relevant Currency |
|---|
| USD |
| Auction Currency Rates | |
|---|---|
| USD/CHF | 0.92298 |
| USD/EUR | 1.40080 |
| USD/GBP | 1.60110 |
| USD/JPY | 0.01021 |
| USD/USD | 1.00000 |
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America / Merrill Lynch | 11 | 13 | Bank of America / Merrill Lynch |
| Barclays | 21 | 23 | Barclays |
| BNP Paribas | 23.75 | 25.75 | BNP Paribas |
| Citibank | 28 | 30 | Citibank |
| Credit Suisse | 20.25 | 22.25 | Credit Suisse |
| Deutsche Bank AG | 23 | 25 | Deutsche Bank AG |
| Goldman Sachs | 22 | 24 | Goldman Sachs |
| HSBC Bank | 26 | 28 | HSBC Bank |
| JPMorgan Chase Bank, N.A. | 21 | 23 | JPMorgan Chase Bank, N.A. |
| Morgan Stanley | 21.5 | 23.5 | Morgan Stanley |
| Nomura International PLC | 20 | 22 | Nomura International PLC |
| The Royal Bank of Scotland | 21 | 23 | The Royal Bank of Scotland |
| UBS | 20 | 22 | UBS |
Inside Market Midpoint: 22.25
Adjustment Amounts
Citibank: $115,000
HSBC Bank: $75,000
BNP Paribas: $30,000
Deutsche Bank AG: $15,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 0 |
| Credit Suisse | Offer | 475 |
| Nomura International PLC | Offer | 615 |
| Bank of America / Merrill Lynch | Bid | 17 |
| Barclays | Bid | 35 |
| Citibank | Bid | 20 |
| Deutsche Bank AG | Bid | 24 |
| Goldman Sachs | Bid | 99 |
| HSBC Bank | Bid | 10 |
| JPMorgan Chase Bank, N.A. | Bid | 55 |
| Morgan Stanley | Bid | 0 |
| The Royal Bank of Scotland | Bid | 7 |
| UBS | Bid | 14 |
Net Open Interest: $809 million to sell
| Sum of Buy Physical Requests | $281.0m |
| Sum of Sell Physical Requests | $1,090.0m |
| Sum of Physical Request Trades | $281.0m |
| Sum of Limit Order Trades | $809.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Morgan Stanley | 23.25* | 12 |
| Nomura International PLC | 23.25* | 25 |
| Barclays | 23.25* | 10 |
| Citibank** | 22.25* | 2 |
| HSBC Bank** | 22.25* | 2 |
| BNP Paribas** | 22.25* | 2 |
| Deutsche Bank AG** | 22.25* | 2 |
| Citibank | 22.25* | 20 |
| Goldman Sachs** | 22* | 2 |
| Nomura International PLC | 22* | 25 |
| Morgan Stanley** | 21.5* | 2 |
| Barclays | 21.25* | 10 |
| The Royal Bank of Scotland** | 21* | 2 |
| Barclays** | 21* | 2 |
| JPMorgan Chase Bank, N.A.** | 21* | 2 |
| The Royal Bank of Scotland | 21* | 5 |
| Nomura International PLC | 21* | 25 |
| Credit Suisse** | 20.25* | 2 |
| Credit Suisse | 20.25* | 18 |
| UBS** | 20* | 2 |
| Nomura International PLC** | 20* | 2 |
| Nomura International PLC | 20* | 25 |
| Barclays | 19.25* | 10 |
| Nomura International PLC | 19* | 25 |
| Goldman Sachs | 19* | 10 |
| Deutsche Bank AG | 19* | 5 |
| Barclays | 18* | 22 |
| Nomura International PLC | 18* | 30 |
| Deutsche Bank AG | 17* | 2 |
| Morgan Stanley | 17* | 10 |
| Barclays | 17* | 7 |
| Morgan Stanley | 16* | 10 |
| Barclays | 16* | 8 |
| Nomura International PLC | 16* | 30 |
| Barclays | 15.125* | 52 |
| Nomura International PLC | 15* | 40 |
| Barclays | 15* | 10 |
| Deutsche Bank AG | 15* | 44 |
| HSBC Bank | 15* | 9 |
| Barclays | 15* | 10 |
| Morgan Stanley | 15* | 13 |
| Barclays | 14* | 4 |
| Nomura International PLC | 14* | 30 |
| Barclays | 13* | 20 |
| Nomura International PLC | 13* | 30 |
| Deutsche Bank AG | 12.5* | 3 |
| Barclays | 12* | 24 |
| Deutsche Bank AG | 12* | 4 |
| HSBC Bank | 12* | 12 |
| Goldman Sachs | 12* | 10 |
| Nomura International PLC | 12* | 45 |
| Bank of America / Merrill Lynch** | 11* | 2 |
| Nomura International PLC | 11* | 40 |
| Deutsche Bank AG | 11* | 5 |
| Barclays | 11* | 10 |
| Deutsche Bank AG | 10.5* | 5 |
| Barclays | 10.25^ | 61 |
| JPMorgan Chase Bank, N.A. | 10.125 | 25 |
| Deutsche Bank AG | 10 | 6 |
| Nomura International PLC | 10 | 50 |
| Deutsche Bank AG | 9.5 | 5 |
| JPMorgan Chase Bank, N.A. | 9.125 | 25 |
| HSBC Bank | 9 | 23 |
| Deutsche Bank AG | 9 | 5 |
| Barclays | 9 | 14 |
| Nomura International PLC | 9 | 50 |
| JPMorgan Chase Bank, N.A. | 8.125 | 25 |
| Nomura International PLC | 8 | 50 |
| Deutsche Bank AG | 8 | 5 |
| Barclays | 8 | 17 |
| JPMorgan Chase Bank, N.A. | 7.125 | 25 |
| Barclays | 7 | 22 |
| Deutsche Bank AG | 7 | 5 |
| Nomura International PLC | 7 | 60 |
| JPMorgan Chase Bank, N.A. | 6.125 | 50 |
| Barclays | 6 | 29 |
| Nomura International PLC | 6 | 60 |
| Deutsche Bank AG | 6 | 10 |
| UBS | 5.125 | 50 |
| Deutsche Bank AG | 5.125 | 10 |
| JPMorgan Chase Bank, N.A. | 5.125 | 50 |
| Barclays | 5 | 40 |
| Morgan Stanley | 5 | 20 |
| Bank of America / Merrill Lynch | 5 | 14 |
| HSBC Bank | 5 | 3 |
| JPMorgan Chase Bank, N.A. | 4.125 | 50 |
| Deutsche Bank AG | 4 | 20 |
| Barclays | 4 | 60 |
| JPMorgan Chase Bank, N.A. | 3.125 | 85 |
| UBS | 3.125 | 50 |
| UBS | 3.125 | 50 |
| Credit Suisse | 3 | 100 |
| Deutsche Bank AG | 3 | 20 |
| Bank of America / Merrill Lynch | 3 | 10 |
| Barclays | 3 | 100 |
| Nomura International PLC | 2.375 | 200 |
| UBS | 2.125 | 50 |
| UBS | 2.125 | 50 |
| JPMorgan Chase Bank, N.A. | 2.125 | 450 |
| Bank of America / Merrill Lynch | 2 | 15 |
| Barclays | 2 | 100 |
| Barclays | 2 | 200 |
| Deutsche Bank AG | 2 | 20 |
| JPMorgan Chase Bank, N.A. | 1.125 | 20 |
| Deutsche Bank AG | 1 | 20 |
| HSBC Bank | 1 | 10 |
| Bank of America / Merrill Lynch | 1 | 55 |
| Bank of America / Merrill Lynch | 0.5 | 50 |
| Deutsche Bank AG | 0.5 | 20 |
| HSBC Bank | 0.125 | 35 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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