Sino Forest Corp Auction Results, 09 May 2012
Final Results of the Sino Forest Corp CDS Auction, 09 May 2012
Final Price: 29
On 09 May 2012, 12 dealers submitted initial markets, physical settlement requests and limit orders to the Sino Forest Corp auction administered by Creditex and S&P Global to settle trades across the market referencing SINO-FOREST CORPORATION.
| 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 | 27.875 | 29.875 | Barclays Bank Plc |
| BNP Paribas | 28.25 | 30.25 | BNP Paribas |
| Citigroup Global Markets Limited | 28.5 | 30.5 | Citigroup Global Markets Limited |
| Credit Suisse International | 26.875 | 28.875 | Credit Suisse International |
| Deutsche Bank AG | 27.5 | 29.0 | Deutsche Bank AG |
| Goldman Sachs International | 26.75 | 28.75 | Goldman Sachs International |
| JPMorgan Chase Bank, N.A. | 27.5 | 29.5 | JPMorgan Chase Bank, N.A. |
| Merrill Lynch International | 27.5 | 29.5 | Merrill Lynch International |
| Morgan Stanley & Co. International Plc | 28.5 | 30.5 | Morgan Stanley & Co. International Plc |
| Nomura International Plc | 27.0 | 29.0 | Nomura International Plc |
| Societe Generale | 27.5 | 29.5 | Societe Generale |
| UBS AG | 27.625 | 29.625 | UBS AG |
Initial Market Midpoint: 28.625
Adjustment Amounts
No Adjustment Amount
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 1.0 |
| Credit Suisse International | Offer | 0.0 |
| Deutsche Bank AG | Offer | 7.25 |
| Goldman Sachs International | Offer | 28.5 |
| Merrill Lynch International | Offer | 0.0 |
| Morgan Stanley & Co. International Plc | Offer | 0.0 |
| Nomura International Plc | Offer | 6.25 |
| Societe Generale | Offer | 0.0 |
| UBS AG | Offer | 0.0 |
| Barclays Bank Plc | Bid | 6.0 |
| Citigroup Global Markets Limited | Bid | 0.5 |
| J.P. Morgan Securities Inc. | Bid | 0.45 |
Net Open Interest: USD 36.05 million to sell
| Sum of Buy Physical Requests | 6.95m |
| Sum of Sell Physical Requests | 43.0m |
| Sum of Physical Request Trades | 6.95m |
| Sum of Limit Order Trades | 36.05m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Barclays Bank Plc | 29.625* | 2.0 |
| J.P. Morgan Securities Inc. | 29.25* | 15.0 |
| J.P. Morgan Securities Inc. | 29.0^ | 20.0 |
| J.P. Morgan Securities Inc. | 28.875 | 25.0 |
| Citigroup Global Markets Limited ** | 28.5 | 2.0 |
| Barclays Bank Plc | 28.5 | 2.0 |
| Morgan Stanley & Co. International Plc** | 28.5 | 2.0 |
| Merrill Lynch International | 28.5 | 2.0 |
| Barclays Bank Plc | 28.25 | 5.0 |
| BNP Paribas ** | 28.25 | 2.0 |
| Deutsche Bank AG | 28.0 | 20.0 |
| Nomura International Plc | 28.0 | 5.0 |
| Merrill Lynch International | 28.0 | 5.0 |
| Barclays Bank Plc ** | 27.875 | 2.0 |
| UBS AG** | 27.625 | 2.0 |
| Merrill Lynch International | 27.5 | 10.0 |
| Nomura International Plc | 27.5 | 5.0 |
| Deutsche Bank AG | 27.5 | 3.0 |
| Merrill Lynch International** | 27.5 | 2.0 |
| JPMorgan Chase Bank, N.A. ** | 27.5 | 2.0 |
| Deutsche Bank AG** | 27.5 | 2.0 |
| Societe Generale** | 27.5 | 2.0 |
| Citigroup Global Markets Limited | 27.0 | 12.0 |
| Barclays Bank Plc | 27.0 | 5.0 |
| Nomura International Plc | 27.0 | 3.0 |
| Nomura International Plc ** | 27.0 | 2.0 |
| Credit Suisse International ** | 26.875 | 2.0 |
| Goldman Sachs International ** | 26.75 | 2.0 |
| Merrill Lynch International | 26.5 | 15.0 |
| Goldman Sachs International | 26.5 | 5.0 |
| Barclays Bank Plc | 26.5 | 5.0 |
| Barclays Bank Plc | 26.0 | 5.0 |
| Barclays Bank Plc | 25.75 | 5.0 |
| Citigroup Global Markets Limited | 25.0 | 2.0 |
| UBS AG | 20.25 | 3.0 |
| Citigroup Global Markets Limited | 20.0 | 15.0 |
| Morgan Stanley & Co. International Plc | 20.0 | 5.0 |
| UBS AG | 15.25 | 3.0 |
| UBS AG | 10.25 | 3.0 |
| Morgan Stanley & Co. International Plc | 10.0 | 10.0 |
| Citigroup Global Markets Limited | 10.0 | 10.0 |
| BNP Paribas | 6.0 | 5.0 |
| UBS AG | 5.25 | 4.0 |
| Citigroup Global Markets Limited | 5.0 | 10.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.