Victor Company of Japan Auction Results, 09 November 2011
Final Results of the Victor Company of Japan CDS Auction, 09 November 2011
Final Price: 93.75
On 09 November 2011, 12 dealers submitted initial markets, physical settlement requests and limit orders to the Victor Company of Japan auction administered by Creditex and S&P Global to settle trades across the market referencing Victor Company of Japan, Limited.
| Relevant Currency |
|---|
| JPY |
| Auction Currency Rates | |
|---|---|
| JPY/JPY | 1.00000 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Barclays Capital Japan Limited | 94.0 | 97.0 | Barclays Capital Japan Limited |
| BNP Paribas Securities (Japan) Limited, Tokyo Branch | 92.0 | 95.0 | BNP Paribas Securities (Japan) Limited, Tokyo Branch |
| Citigroup Global Markets Japan Inc. | 92.0 | 95.0 | Citigroup Global Markets Japan Inc. |
| Credit Suisse International | 93.0 | 96.0 | Credit Suisse International |
| Deutsche Bank AG, London Branch | 93.75 | 96.75 | Deutsche Bank AG, London Branch |
| Goldman Sachs International | 92.0 | 95.0 | Goldman Sachs International |
| JPM Securities Japan Co., Ltd. | 94.0 | 97.0 | JPM Securities Japan Co., Ltd. |
| Merrill Lynch Japan Securities Co., LTD. | 93.0 | 96.0 | Merrill Lynch Japan Securities Co., LTD. |
| Mizuho Securities Co., Ltd. | 93.0 | 96.0 | Mizuho Securities Co., Ltd. |
| Morgan Stanley MUFG Securities Co., Ltd. | 93.0 | 96.0 | Morgan Stanley MUFG Securities Co., Ltd. |
| Nomura Securities Co., Ltd. | 93.75 | 96.75 | Nomura Securities Co., Ltd. |
| UBS Securities Japan Ltd | 90.0 | 93.0 | UBS Securities Japan Ltd |
Initial Market Midpoint: 94.5
Adjustment Amounts
No Adjustment Amount
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas Securities (Japan) Limited, Tokyo Branch | Offer | 0.0 |
| Citigroup Global Markets Japan Inc. | Offer | 0.0 |
| Credit Suisse International | Offer | 0.0 |
| Deutsche Bank AG, London Branch | Offer | 0.0 |
| Goldman Sachs International | Offer | 0.0 |
| Merrill Lynch Japan Securities Co., LTD. | Offer | 0.0 |
| Mizuho Securities Co., Ltd. | Offer | 0.0 |
| Morgan Stanley MUFG Securities Co., Ltd. | Offer | 0.0 |
| UBS Securities Japan Ltd | Offer | 12000.0 |
| Barclays Capital Japan Limited | Bid | 1500.0 |
| JPM Securities Japan Co., Ltd. | Bid | 7900.0 |
| Nomura Securities Co., Ltd. | Bid | 200.0 |
Net Open Interest: JPY 2400 million to sell
| Sum of Buy Physical Requests | 9600.0m |
| Sum of Sell Physical Requests | 12000.0m |
| Sum of Physical Request Trades | 9600.0m |
| Sum of Limit Order Trades | 2400.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| JPM Securities Japan Co., Ltd. | 94.5* | 400.0 |
| JPM Securities Japan Co., Ltd. | 94.0* | 1200.0 |
| JPM Securities Japan Co., Ltd. ** | 94.0* | 200.0 |
| Barclays Capital Japan Limited** | 94.0* | 200.0 |
| Deutsche Bank AG, London Branch** | 93.75* | 200.0 |
| Nomura Securities Co., Ltd.** | 93.75* | 200.0 |
| JPM Securities Japan Co., Ltd. | 93.5 | 1200.0 |
| JPM Securities Japan Co., Ltd. | 93.5 | 800.0 |
| Morgan Stanley MUFG Securities Co., Ltd. | 93.0 | 300.0 |
| Mizuho Securities Co., Ltd.** | 93.0 | 200.0 |
| Credit Suisse International** | 93.0 | 200.0 |
| Morgan Stanley MUFG Securities Co., Ltd.** | 93.0 | 200.0 |
| Merrill Lynch Japan Securities Co., LTD.** | 93.0 | 200.0 |
| Morgan Stanley MUFG Securities Co., Ltd. | 92.0 | 300.0 |
| Goldman Sachs International** | 92.0 | 200.0 |
| Citigroup Global Markets Japan Inc. ** | 92.0 | 200.0 |
| BNP Paribas Securities (Japan) Limited, Tokyo Branch ** | 92.0 | 200.0 |
| Morgan Stanley MUFG Securities Co., Ltd. | 90.0 | 1000.0 |
| Nomura Securities Co., Ltd. | 90.0 | 300.0 |
| UBS Securities Japan Ltd** | 90.0 | 200.0 |
| Nomura Securities Co., Ltd. | 87.5 | 500.0 |
| Nomura Securities Co., Ltd. | 85.0 | 500.0 |
| Goldman Sachs International | 56.0 | 200.0 |
| Goldman Sachs International | 21.0 | 1000.0 |
| Deutsche Bank AG, London Branch | 10.0 | 2400.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.