Argentine Republic Auction Results, 03 September 2014
Final Results of the Argentine Republic CDS Auction, 03 September 2014
Final Price: 39.5
On 03 September 2014, 11 dealers submitted initial markets, physical settlement requests and limit orders to the Argentine Republic auction administered by Creditex and S&P Global to settle trades across the market referencing Argentine Republic.
| Relevant Currency |
|---|
| USD |
| Auction Currency Rates | |
|---|---|
| UDS/USD | 1.00000 |
| USD/EUR | 1.31265 |
| USD/JPY | 0.00951 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America | 39.5 | 41.5 | Bank of America |
| Barclays | 40.0 | 42.0 | Barclays |
| BNP Paribas | 39.0 | 41.0 | BNP Paribas |
| Citigroup | 39.5 | 41.5 | Citigroup |
| Credit Suisse AG | 40.0 | 42.0 | Credit Suisse AG |
| Deutsche Bank | 38.0 | 40.0 | Deutsche Bank |
| Goldman Sachs | 39.5 | 41.5 | Goldman Sachs |
| J.P. Morgan Securities LLC. | 38.75 | 40.75 | J.P. Morgan Securities LLC. |
| Morgan Stanley | 38.0 | 40.0 | Morgan Stanley |
| Nomura | 39.5 | 41.5 | Nomura |
| Societe Generale | 39.0 | 41.0 | Societe Generale |
Initial Market Midpoint: 40.25
Adjustment Amounts
Deutsche Bank
USD 5,000
Morgan Stanley
USD 5,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 0.0 |
| Citigroup | Offer | 0.0 |
| Credit Suisse AG | Offer | 0.0 |
| J.P. Morgan Securities Inc. | Offer | 3.522 |
| Morgan Stanley | Offer | 9.51 |
| Nomura | Offer | 0.0 |
| Societe Generale | Offer | 4.0 |
| Bank of America | Bid | 3.63 |
| Barclays | Bid | 99.432 |
| Deutsche Bank | Bid | 2.0 |
| Goldman Sachs | Bid | 8.0 |
Net Open Interest: USD 96.03 million to buy
| Sum of Buy Physical Requests | 113.062m |
| Sum of Sell Physical Requests | 17.032m |
| Sum of Physical Request Trades | 17.032m |
| Sum of Limit Order Trades | 96.03m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| J.P. Morgan Securities Inc. | 39.25* | 1.902 |
| J.P. Morgan Securities Inc. | 39.5^ | 96.03 |
| Nomura | 40.0 | 0.4 |
| Deutsche Bank** | 40.25 | 2.0 |
| Morgan Stanley** | 40.25 | 2.0 |
| J.P. Morgan Securities LLC.** | 40.75 | 2.0 |
| Societe Generale** | 41.0 | 2.0 |
| BNP Paribas** | 41.0 | 2.0 |
| Goldman Sachs** | 41.5 | 2.0 |
| Citigroup** | 41.5 | 2.0 |
| Nomura** | 41.5 | 2.0 |
| Bank of America** | 41.5 | 2.0 |
| Credit Suisse AG** | 42.0 | 2.0 |
| Barclays** | 42.0 | 2.0 |
| Citigroup | 46.0 | 2.0 |
| Goldman Sachs | 46.0 | 1.0 |
| Goldman Sachs | 47.0 | 1.0 |
| Goldman Sachs | 48.0 | 1.0 |
| J.P. Morgan Securities Inc. | 49.0 | 6.563 |
| Citigroup | 49.0 | 2.0 |
| Goldman Sachs | 49.0 | 1.0 |
| Goldman Sachs | 49.5 | 10.0 |
| J.P. Morgan Securities Inc. | 51.0 | 6.563 |
| Credit Suisse AG | 51.0 | 2.0 |
| Morgan Stanley | 51.75 | 40.0 |
| Morgan Stanley | 51.875 | 25.0 |
| Deutsche Bank | 52.0 | 20.0 |
| Morgan Stanley | 52.0 | 20.0 |
| Credit Suisse AG | 52.0 | 2.0 |
| Morgan Stanley | 52.125 | 25.0 |
| Deutsche Bank | 52.125 | 10.0 |
| Morgan Stanley | 53.0 | 50.0 |
| J.P. Morgan Securities Inc. | 53.0 | 12.0 |
| Citigroup | 53.0 | 4.0 |
| Credit Suisse AG | 53.0 | 2.0 |
| J.P. Morgan Securities Inc. | 54.875 | 5.0 |
| Citigroup | 55.0 | 4.0 |
| Citigroup | 57.0 | 2.0 |
| Citigroup | 65.0 | 4.0 |
| Citigroup | 70.0 | 10.0 |
| Citigroup | 80.0 | 10.0 |
| Citigroup | 99.0 | 50.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.