ERC Ireland Fin Ltd Auction Results, 29 March 2012
Final Results of the ERC Ireland Fin Ltd CDS Auction, 29 March 2012
Final Price: 0
On 29 March 2012, 13 dealers submitted initial markets, physical settlement requests and limit orders to the ERC Ireland Fin Ltd auction administered by Creditex and S&P Global to settle trades across the market referencing ERC Ireland Finance Limited.
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/EUR | 1.00000 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Barclays Bank PLC | 0.0 | 2.0 | Barclays Bank PLC |
| BNP Paribas | 0.0 | 2.0 | BNP Paribas |
| Citigroup Global Markets Limited | 0.0 | 2.0 | Citigroup Global Markets Limited |
| Credit Suisse International | 0.0 | 2.0 | Credit Suisse International |
| Deutsche Bank AG | 0.0 | 0.5 | Deutsche Bank AG |
| Goldman Sachs International | 0.0 | 2.0 | Goldman Sachs International |
| JPMorgan Chase Bank N.A. | 0.5 | 2.5 | JPMorgan Chase Bank N.A. |
| Merrill Lynch International | 0.0 | 2.0 | Merrill Lynch International |
| Morgan Stanley & Co. International PLC | 0.125 | 2.125 | Morgan Stanley & Co. International PLC |
| Nomura International PLC | 0.0 | 2.0 | Nomura International PLC |
| Société Générale | 0.25 | 2.25 | Société Générale |
| The Royal Bank of Scotland PLC | 0.25 | 2.25 | The Royal Bank of Scotland PLC |
| UBS AG | 0.125 | 2.125 | UBS AG |
Initial Market Midpoint: 1
Adjustment Amounts
No Adjustment Amount
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Barclays Bank PLC | Offer | 77.7 |
| BNP Paribas | Offer | 0.0 |
| Citigroup Global Markets Limited | Offer | 0.0 |
| Credit Suisse International | Offer | 0.0 |
| Deutsche Bank AG | Offer | 6.0 |
| Goldman Sachs International | Offer | 13.5 |
| JPMorgan Chase Bank N.A. | Offer | 0.9 |
| Merrill Lynch International | Offer | 5.5 |
| Morgan Stanley & Co. International PLC | Offer | 10.45 |
| Nomura International PLC | Offer | 0.0 |
| Société Générale | Offer | 0.0 |
| The Royal Bank of Scotland PLC | Offer | 0.0 |
| UBS AG | Offer | 9.25 |
Net Open Interest: EUR 123.3 million to sell
| Sum of Buy Physical Requests | 0.0m |
| Sum of Sell Physical Requests | 123.3m |
| Sum of Physical Request Trades | 0.0m |
| Sum of Limit Order Trades | 123.3m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| JPMorgan Chase Bank N.A.** | 0.5* | 2.0 |
| Société Générale** | 0.25* | 2.0 |
| The Royal Bank of Scotland PLC** | 0.25* | 2.0 |
| Barclays Bank PLC | 0.125* | 38.5 |
| Barclays Bank PLC | 0.125* | 25.0 |
| UBS AG** | 0.125* | 2.0 |
| Morgan Stanley & Co. International PLC** | 0.125* | 2.0 |
| Barclays Bank PLC | 0.0^ | 59.8 |
| Citigroup Global Markets Limited | 0.0^ | 30.0 |
| UBS AG | 0.0^ | 20.0 |
| BNP Paribas** | 0.0^ | 2.0 |
| Credit Suisse International** | 0.0^ | 2.0 |
| Goldman Sachs International** | 0.0^ | 2.0 |
| Citigroup Global Markets Limited** | 0.0^ | 2.0 |
| Deutsche Bank AG** | 0.0^ | 2.0 |
| Merrill Lynch International ** | 0.0^ | 2.0 |
| Nomura International PLC** | 0.0^ | 2.0 |
| Barclays Bank PLC** | 0.0^ | 2.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.