Quebecor
Final Results of the Quebecor Auction, February 19 2008
Final Price: 41.25
On February 19, 2007, 13 dealers submitted inside markets, physical settlement requests and limit orders to the Quebecor auction administered by Creditex and S&P Global to settle trades across the market referencing Quebecor World, Inc.
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities LLC | 41.625 | 43.625 | Banc of America Securities LLC |
| Barclays Bank PLC | 42 | 44 | Barclays Bank PLC |
| Bear, Stearns & Co. Inc. | 41.75 | 43.75 | Bear, Stearns & Co. Inc. |
| Citigroup Global Markets Inc | 40.875 | 42.875 | Citigroup Global Markets Inc |
| Credit Suisse Securities (USA) LLC | 40.5 | 42.5 | Credit Suisse Securities (USA) LLC |
| Deutsche Bank AG | 41.25 | 43.25 | Deutsche Bank AG |
| Goldman, Sachs and Co. | 41 | 43 | Goldman, Sachs and Co. |
| HSBC Bank USA, N.A. | 41.25 | 43.25 | HSBC Bank USA, N.A. |
| J.P. Morgan Securities Inc. | 40.75 | 42.75 | J.P. Morgan Securities Inc. |
| Lehman Brothers Inc | 41.25 | 43.25 | Lehman Brothers Inc |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | 40.625 | 42.625 | Merrill Lynch, Pierce, Fenner & Smith Incorporated |
| Morgan Stanley & Co Incorporated | 41 | 43 | Morgan Stanley & Co Incorporated |
| UBS Securities LLC | 41.125 | 43.125 | UBS Securities LLC |
Inside Market Midpoint: 42.125
Adjustment Amounts
Adjustment Amount: There are no adjustment amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Banc of America Securities LLC | Bid | 14 |
| Barclays Bank PLC | Bid | 2 |
| Goldman, Sachs and Co. | Bid | 3 |
| Morgan Stanley & Co Incorporated | Bid | 3 |
| Bear, Stearns & Co. Inc. | Offer | 0 |
| Citigroup Global Markets Inc | Offer | 11 |
| Credit Suisse Securities (USA) LLC | Offer | 0 |
| Deutsche Bank AG | Offer | 5 |
| HSBC Bank USA, N.A. | Offer | 0 |
| J.P. Morgan Securities Inc. | Offer | 25 |
| Lehman Brothers Inc | Offer | 10 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | Offer | 31 |
| UBS Securities LLC | Offer | 6 |
Net Open interest: $66 Million to sell
| Sum of Buy Physical Requests | $22m |
| Sum of Sell Physical Requests | $88m |
| Sum of Physical Request Trades | $22m |
| Sum of Limit Order Trades | $66m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Citigroup Global Markets Inc | 43.125* | 2 |
| J.P. Morgan Securities Inc. | 42.125* | 20 |
| Barclays Bank PLC** | 42* | 5 |
| Bear, Stearns & Co. Inc.** | 41.75* | 5 |
| Banc of America Securities LLC** | 41.625* | 5 |
| J.P. Morgan Securities Inc. | 41.5* | 10 |
| Morgan Stanley & Co Incorporated | 41.5* | 2 |
| Morgan Stanley & Co Incorporated | 41.375* | 5 |
| HSBC Bank USA, N.A.** | 41.25^ | 5 |
| Deutsche Bank AG** | 41.25^ | 5 |
| Lehman Brothers Inc** | 41.25^ | 5 |
| UBS Securities LLC** | 41.125 | 5 |
| Deutsche Bank AG | 41.125 | 1 |
| Lehman Brothers Inc | 41 | 20 |
| Goldman, Sachs and Co.** | 41 | 5 |
| Credit Suisse Securities (USA) LLC | 41 | 20 |
| Bear, Stearns & Co. Inc. | 41 | 20 |
| Morgan Stanley & Co Incorporated | 41 | 20 |
| Morgan Stanley & Co Incorporated** | 41 | 5 |
| Citigroup Global Markets Inc** | 40.875 | 5 |
| J.P. Morgan Securities Inc.** | 40.75 | 5 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated** | 40.625 | 5 |
| Credit Suisse Securities (USA) LLC** | 40.5 | 5 |
| J.P. Morgan Securities Inc. | 40 | 10 |
| Credit Suisse Securities (USA) LLC | 40 | 5 |
| Bear, Stearns & Co. Inc. | 40 | 5 |
| Banc of America Securities LLC | 39.625 | 1 |
| Banc of America Securities LLC | 39.25 | 1 |
| Credit Suisse Securities (USA) LLC | 38 | 5 |
| J.P. Morgan Securities Inc. | 37 | 10 |
| J.P. Morgan Securities Inc. | 35 | 10 |
** Limit Orders that were derived from inside markets
* Limit Orders that were filled.
^ Limit Orders that were partially filled.