CA RES CORP Auction Results, 07 July 2020
Final Results of the CA RES CORP CDS Auction, 07 July 2020
Final Price: 1.125
On 07 July 2020, 10 dealers submitted initial markets, physical settlement requests and limit orders to the CA RES CORP auction administered by Creditex and Markit to settle trades across the market referencing CALIFORNIA RESOURCES 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 |
|---|---|---|---|
| Bank of America | 2.0 | 4.0 | Bank of America |
| Barclays | 1.5 | 3.5 | Barclays |
| BNP Paribas | 1.25 | 3.25 | BNP Paribas |
| Citigroup | 3.5 | 4.5 | Citigroup |
| Credit Suisse | 1.5 | 3.5 | Credit Suisse |
| Deutsche Bank | 3.0 | 5.0 | Deutsche Bank |
| Goldman Sachs | 0.0 | 1.0 | Goldman Sachs |
| J.P. Morgan Securities LLC. | 2.0 | 4.0 | J.P. Morgan Securities LLC. |
| Morgan Stanley | 1.5 | 3.5 | Morgan Stanley |
| RBC Capital Markets LLC | 2.5 | 4.5 | RBC Capital Markets LLC |
Initial Market Midpoint: 2.875
Adjustment Amounts
Citigroup
USD 12,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America | Offer | 0.0 |
| Barclays | Offer | 0.0 |
| BNP Paribas | Offer | 0.0 |
| Citigroup | Offer | 3.0 |
| Credit Suisse | Offer | 0.0 |
| Deutsche Bank | Offer | 0.0 |
| Goldman Sachs | Offer | 63.398 |
| J.P. Morgan Securities LLC. | Offer | 2.645 |
| Morgan Stanley | Offer | 0.0 |
| RBC Capital Markets LLC | Offer | 0.0 |
Net Open Interest: USD 69.043 million to sell
| Sum of Buy Physical Requests | 0.0m |
| Sum of Sell Physical Requests | 69.043m |
| Sum of Physical Request Trades | 0.0m |
| Sum of Limit Order Trades | 69.043m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Credit Suisse | 3.875* | 9.0 |
| Deutsche Bank** | 3.0* | 2.0 |
| Citigroup** | 2.875* | 2.0 |
| RBC Capital Markets LLC** | 2.5* | 2.0 |
| Credit Suisse | 2.125* | 9.0 |
| J.P. Morgan Securities LLC.** | 2.0* | 2.0 |
| Bank of America** | 2.0* | 2.0 |
| Goldman Sachs | 1.625* | 5.0 |
| Bank of America | 1.5* | 5.0 |
| Credit Suisse** | 1.5* | 2.0 |
| Barclays** | 1.5* | 2.0 |
| Morgan Stanley** | 1.5* | 2.0 |
| BNP Paribas** | 1.25* | 2.0 |
| J.P. Morgan Securities LLC. | 1.125^ | 67.043 |
| Credit Suisse | 1.125^ | 9.0 |
| Goldman Sachs | 1.125^ | 5.0 |
| Credit Suisse | 1.125^ | 1.0 |
| RBC Capital Markets LLC | 1.0 | 10.0 |
| Citigroup | 1.0 | 3.0 |
| Bank of America | 0.75 | 5.0 |
| Barclays | 0.75 | 5.0 |
| Barclays | 0.625 | 10.0 |
| Goldman Sachs | 0.625 | 10.0 |
| Credit Suisse | 0.625 | 3.0 |
| Credit Suisse | 0.5 | 27.0 |
| Barclays | 0.5 | 10.0 |
| Barclays | 0.375 | 69.043 |
| RBC Capital Markets LLC | 0.125 | 69.0 |
| Goldman Sachs | 0.0 | 67.043 |
| Goldman Sachs** | 0.0 | 2.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.