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 S&P Global 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.