MGM Auction Results, 10th November 2009
Final Results of the MGM LCDS Auction, 10th November 2009
Final Price: 58.5
On 10th November 2009, 10 dealers submitted inside markets, physical settlement requests and limit orders to the MGM auction administered by Creditex and S&P Global to settle trades across the market referencing Metro-Goldwyn-Mayer Inc..
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, NA | 55.5 | 58.5 | Bank of America, NA |
| Barclays Bank PLC | 58 | 61 | Barclays Bank PLC |
| Citigroup Global Markets Inc. | 57.625 | 60.625 | Citigroup Global Markets Inc. |
| Credit Suisse International | 58.25 | 61.25 | Credit Suisse International |
| Deutsche Bank AG | 58 | 61 | Deutsche Bank AG |
| Goldman Sachs Lending Partners, L.P. | 57 | 60 | Goldman Sachs Lending Partners, L.P. |
| J.P. Morgan Securities, Inc. | 56 | 59 | J.P. Morgan Securities, Inc. |
| Morgan Stanley Emerging Markets, Inc. | 57.5 | 60.5 | Morgan Stanley Emerging Markets, Inc. |
| The Royal Bank of Scotland PLC | 57 | 60 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 58 | 61 | UBS Securities LLC |
Inside Market Midpoint: 58.75
Adjustment Amounts
No adjustment amounts.
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, NA | Offer | 0 |
| Barclays Bank PLC | Offer | 8 |
| Citigroup Global Markets Inc. | Offer | 0 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs Lending Partners, L.P. | Offer | 0 |
| J.P. Morgan Securities, Inc. | Offer | 0 |
| The Royal Bank of Scotland PLC | Offer | 34 |
| UBS Securities LLC | Offer | 0 |
| Morgan Stanley Emerging Markets, Inc. | Bid | 19 |
Net Open Interest: $23 million to sell
| Sum of Buy Physical Requests | $19.0m |
| Sum of Sell Physical Requests | $42.0m |
| Sum of Physical Request Trades | $19.0m |
| Sum of Limit Order Trades | $23.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Goldman Sachs Lending Partners, L.P. | 59* | 10 |
| Morgan Stanley Emerging Markets, Inc. | 59* | 5 |
| Goldman Sachs Lending Partners, L.P. | 58.5^ | 10 |
| J.P. Morgan Securities, Inc. | 58.25 | 10 |
| Credit Suisse International** | 58.25 | 2 |
| Morgan Stanley Emerging Markets, Inc. | 58 | 10 |
| Goldman Sachs Lending Partners, L.P. | 58 | 10 |
| Deutsche Bank AG** | 58 | 2 |
| Barclays Bank PLC** | 58 | 2 |
| UBS Securities LLC** | 58 | 2 |
| J.P. Morgan Securities, Inc. | 57.75 | 5 |
| Citigroup Global Markets Inc.** | 57.625 | 2 |
| J.P. Morgan Securities, Inc. | 57.5 | 23 |
| Morgan Stanley Emerging Markets, Inc.** | 57.5 | 2 |
| Morgan Stanley Emerging Markets, Inc. | 57 | 10 |
| Bank of America, NA | 57 | 5 |
| The Royal Bank of Scotland PLC** | 57 | 2 |
| Goldman Sachs Lending Partners, L.P.** | 57 | 2 |
| Bank of America, NA | 56 | 23 |
| Morgan Stanley Emerging Markets, Inc. | 56 | 5 |
| J.P. Morgan Securities, Inc.** | 56 | 2 |
| Bank of America, NA** | 55.5 | 2 |
| J.P. Morgan Securities, Inc. | 55 | 15 |
| Barclays Bank PLC | 55 | 5 |
| The Royal Bank of Scotland PLC | 54 | 5 |
| Citigroup Global Markets Inc. | 50 | 7 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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