Sears Roebuck Accep Corp Auction Results, 17 January 2019
Final Results of the Sears Roebuck Accep Corp CDS Auction, 17 January 2019
Final Price: 79.875
On 17 January 2019, 9 dealers submitted initial markets, physical settlement requests and limit orders to the Sears Roebuck Accep Corp auction administered by Creditex and Markit to settle trades across the market referencing Sears Roebuck Acceptance Corp. .
| Relevant Currency |
|---|
| USD |
| Auction Currency Rates | |
|---|---|
| USD/USD | 1.00000 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Barclays Bank PLC | 56.0 | 61.0 | Barclays Bank PLC |
| BNP Paribas SA | 53.0 | 58.0 | BNP Paribas SA |
| Citigroup Global Markets, Inc. | 45.0 | 50.0 | Citigroup Global Markets, Inc. |
| Credit Suisse | 53.0 | 58.0 | Credit Suisse |
| Goldman Sachs | 54.0 | 59.0 | Goldman Sachs |
| J.P. Morgan Securities LLC. | 52.0 | 57.0 | J.P. Morgan Securities LLC. |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | 50.0 | 55.0 | Merrill Lynch, Pierce, Fenner & Smith Inc. |
| Morgan Stanley & Co. LLC | 59.0 | 64.0 | Morgan Stanley & Co. LLC |
| Societe Generale | 53.5 | 58.5 | Societe Generale |
Initial Market Midpoint: 55.625
Adjustment Amounts
Citigroup Global Markets, Inc.
USD 56,250
Merrill Lynch, Pierce, Fenner & Smith Inc.
USD 6,250
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas SA | Offer | 0.0 |
| Citigroup Global Markets, Inc. | Offer | 0.0 |
| Credit Suisse | Offer | 22.138 |
| J.P. Morgan Securities LLC. | Offer | 3.0 |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | Offer | 0.0 |
| Societe Generale | Offer | 0.0 |
| Barclays Bank PLC | Bid | 22.66 |
| Goldman Sachs | Bid | 5.604 |
| Morgan Stanley & Co. LLC | Bid | 41.81 |
Net Open Interest: USD 44.936 million to buy
| Sum of Buy Physical Requests | 70.074m |
| Sum of Sell Physical Requests | 25.138m |
| Sum of Physical Request Trades | 25.138m |
| Sum of Limit Order Trades | 44.936m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | 54.625* | 2.0 |
| Credit Suisse | 54.625* | 0.908 |
| Credit Suisse | 54.625* | 0.56 |
| Citigroup Global Markets, Inc.** | 55.625* | 1.0 |
| Merrill Lynch, Pierce, Fenner & Smith Inc.** | 55.625* | 1.0 |
| J.P. Morgan Securities LLC.** | 57.0* | 1.0 |
| Credit Suisse** | 58.0* | 1.0 |
| BNP Paribas SA** | 58.0* | 1.0 |
| Societe Generale** | 58.5* | 1.0 |
| Goldman Sachs** | 59.0* | 1.0 |
| J.P. Morgan Securities Inc. | 60.0* | 0.333 |
| Barclays Bank PLC** | 61.0* | 1.0 |
| Morgan Stanley & Co. LLC** | 64.0* | 1.0 |
| Citigroup Global Markets, Inc. | 65.0* | 5.0 |
| Citigroup Global Markets, Inc. | 70.0* | 15.0 |
| Morgan Stanley & Co. LLC | 79.875^ | 44.936 |
| Citigroup Global Markets, Inc. | 80.0 | 10.0 |
| Citigroup Global Markets, Inc. | 90.0 | 2.0 |
| Citigroup Global Markets, Inc. | 95.0 | 3.0 |
| Goldman Sachs | 100.0 | 44.936 |
| Citigroup Global Markets, Inc. | 100.0 | 9.936 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.