Anglo Irish Bank Corporation Limited Credit Event – December Restructuring Auction Results, 02 February 2011
Final Results of the Anglo Irish Bank Corporation Limited Credit Event – December Restructuring CDS Auction, 02 February 2011
Final Price: 71.25
On 02 February 2011, 14 dealers submitted initial markets, physical settlement requests and limit orders to the Anglo Irish Bank Corporation Limited Credit Event – December Restructuring auction administered by Creditex and S&P Global to settle trades across the market referencing ANGLO IRISH BANK CORPORATION LIMITED.
The Anglo Irish Bank Corporation Limited Credit Event – December Restructuring Deliverable Obligations are denominated in EUR,GBP,JPY,USD.
Relevant Currency |
---|
EUR |
Auction Currency Rates | |
---|---|
EUR/EUR | 1.00000 |
EUR/GBP | 1.16835 |
EUR/JPY | 0.00890 |
EUR/USD | 0.72939 |
The inputs and results are detailed below.
Dealer Initial Markets
Dealer | Bid | Offer | Dealer |
---|---|---|---|
Bank of America N.A. | 72.25 | 74.25 | Bank of America N.A. |
Barclays Bank PLC | 69.5 | 73.0 | Barclays Bank PLC |
BNP Paribas | 71.5 | 75.0 | BNP Paribas |
Citigroup Global Markets Ltd. | 71.0 | 74.5 | Citigroup Global Markets Ltd. |
Credit Suisse International | 72.25 | 75.75 | Credit Suisse International |
Deutsche Bank AG | 72.0 | 74.0 | Deutsche Bank AG |
Goldman Sachs International | 71.0 | 74.5 | Goldman Sachs International |
HSBC Bank PLC | 72.0 | 75.5 | HSBC Bank PLC |
JPMorgan Chase Bank N.A. | 68.5 | 72.0 | JPMorgan Chase Bank N.A. |
Morgan Stanley & Co. International PLC | 71.5 | 75.0 | Morgan Stanley & Co. International PLC |
Nomura International PLC | 72.0 | 75.5 | Nomura International PLC |
Société Générale | 71.5 | 75.0 | Société Générale |
The Royal Bank of Scotland PLC | 69.0 | 72.5 | The Royal Bank of Scotland PLC |
UBS AG | 72.5 | 76.0 | UBS AG |
Initial Market Midpoint: 73
Adjustment Amounts
JPMorgan Chase Bank N.A.
EUR 20,000
Physical Settlement Requests
Dealer | Bid/Offer | Size |
---|---|---|
Barclays Bank PLC | Offer | 8.6 |
BNP Paribas | Offer | 3.0 |
Citigroup Global Markets Ltd. | Offer | 0.0 |
Deutsche Bank AG | Offer | 0.0 |
Goldman Sachs International | Offer | 10.0 |
HSBC Bank PLC | Offer | 13.0 |
JPMorgan Chase Bank N.A. | Offer | 10.0 |
Morgan Stanley & Co. International PLC | Offer | 0.0 |
Nomura International PLC | Offer | 0.0 |
Société Générale | Offer | 0.0 |
The Royal Bank of Scotland PLC | Offer | 0.0 |
Bank of America N.A. | Bid | 4.5 |
Credit Suisse International | Bid | 7.0 |
UBS AG | Bid | 41.0 |
Net Open Interest: EUR 7.9 million to buy
Sum of Buy Physical Requests | 52.5m |
Sum of Sell Physical Requests | 44.6m |
Sum of Physical Request Trades | 44.6m |
Sum of Limit Order Trades | 7.9m |
Limit Orders
Dealer | Offer | Size |
---|---|---|
JPMorgan Chase Bank N.A. | 71.25^ | 7.9 |
Goldman Sachs International | 71.25^ | 5.0 |
The Royal Bank of Scotland PLC | 71.25^ | 1.95 |
BNP Paribas | 71.375 | 7.9 |
The Royal Bank of Scotland PLC** | 72.5 | 2.0 |
JPMorgan Chase Bank N.A.** | 73.0 | 2.0 |
Barclays Bank PLC** | 73.0 | 2.0 |
UBS AG | 73.75 | 7.9 |
Deutsche Bank AG** | 74.0 | 2.0 |
Goldman Sachs International | 74.0 | 2.0 |
Bank of America N.A.** | 74.25 | 2.0 |
Citigroup Global Markets Ltd.** | 74.5 | 2.0 |
Goldman Sachs International** | 74.5 | 2.0 |
BNP Paribas** | 75.0 | 2.0 |
Morgan Stanley & Co. International PLC** | 75.0 | 2.0 |
Société Générale** | 75.0 | 2.0 |
HSBC Bank PLC** | 75.5 | 2.0 |
Nomura International PLC** | 75.5 | 2.0 |
Credit Suisse International** | 75.75 | 2.0 |
Morgan Stanley & Co. International PLC | 76.0 | 3.0 |
Deutsche Bank AG | 76.0 | 3.0 |
UBS AG** | 76.0 | 2.0 |
Barclays Bank PLC | 76.5 | 2.0 |
Morgan Stanley & Co. International PLC | 77.0 | 5.0 |
Deutsche Bank AG | 77.0 | 3.0 |
Morgan Stanley & Co. International PLC | 77.0 | 2.0 |
HSBC Bank PLC | 78.0 | 5.0 |
Morgan Stanley & Co. International PLC | 79.0 | 7.0 |
Deutsche Bank AG | 79.0 | 3.0 |
Barclays Bank PLC | 80.0 | 5.0 |
Bank of America N.A. | 80.0 | 4.5 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.