Energy Future Holdings Corp. Auction Results, 21 May 2014
Final Results of the Energy Future Holdings Corp. CDS Auction, 21 May 2014
Final Price: 56.125
On 21 May 2014, 11 dealers submitted initial markets, physical settlement requests and limit orders to the Energy Future Holdings Corp. auction administered by Creditex and Markit to settle trades across the market referencing Energy Future Holdings Corp..
| 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 | 55.5 | 59.5 | Bank of America |
| Barclays | 55.0 | 59.0 | Barclays |
| BNP Paribas | 57.0 | 61.0 | BNP Paribas |
| Citigroup | 58.0 | 62.0 | Citigroup |
| Credit Suisse AG | 61.5 | 65.5 | Credit Suisse AG |
| Deutsche Bank | 53.0 | 57.0 | Deutsche Bank |
| Goldman Sachs | 53.5 | 57.5 | Goldman Sachs |
| J.P. Morgan Securities LLC. | 53.5 | 57.5 | J.P. Morgan Securities LLC. |
| Morgan Stanley | 53.5 | 57.5 | Morgan Stanley |
| Nomura | 55.5 | 57.5 | Nomura |
| Societe Generale | 57.0 | 61.0 | Societe Generale |
Initial Market Midpoint: 57.125
Adjustment Amounts
Deutsche Bank
USD 1,250
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America | Offer | 6.556 |
| BNP Paribas | Offer | 0.0 |
| Credit Suisse AG | Offer | 0.0 |
| Goldman Sachs | Offer | 0.0 |
| J.P. Morgan Securities Inc. | Offer | 0.0 |
| Nomura | Offer | 0.0 |
| Societe Generale | Offer | 0.0 |
| Barclays | Bid | 5.0 |
| Citigroup | Bid | 21.5 |
| Deutsche Bank | Bid | 1.0 |
| Morgan Stanley | Bid | 3.0 |
Net Open Interest: USD 23.944 million to buy
| Sum of Buy Physical Requests | 30.5m |
| Sum of Sell Physical Requests | 6.556m |
| Sum of Physical Request Trades | 6.556m |
| Sum of Limit Order Trades | 23.944m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| Barclays | 56.125^ | 23.944 |
| Citigroup | 56.125^ | 20.0 |
| Citigroup | 56.25 | 8.5 |
| Citigroup | 57.0 | 2.0 |
| Deutsche Bank** | 57.125 | 1.0 |
| Goldman Sachs** | 57.5 | 1.0 |
| Morgan Stanley** | 57.5 | 1.0 |
| Nomura** | 57.5 | 1.0 |
| J.P. Morgan Securities LLC.** | 57.5 | 1.0 |
| Bank of America | 57.5 | 0.123 |
| Citigroup | 59.0 | 2.0 |
| Barclays** | 59.0 | 1.0 |
| Bank of America** | 59.5 | 1.0 |
| Citigroup | 60.5 | 5.0 |
| BNP Paribas** | 61.0 | 1.0 |
| Societe Generale** | 61.0 | 1.0 |
| Citigroup | 62.0 | 10.0 |
| Credit Suisse AG | 62.0 | 2.0 |
| Citigroup** | 62.0 | 1.0 |
| Credit Suisse AG | 63.0 | 2.0 |
| Credit Suisse AG | 64.0 | 2.0 |
| Credit Suisse AG** | 65.5 | 1.0 |
| Credit Suisse AG | 71.0 | 1.127 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.