McClatchy Co Auction Results, 10 March 2020
Final Results of the McClatchy Co CDS Auction, 10 March 2020
Final Price: 2
On 10 March 2020, 7 dealers submitted initial markets, physical settlement requests and limit orders to the McClatchy Co auction administered by Creditex and S&P Global to settle trades across the market referencing THE McCLATCHY COMPANY.
| Relevant Currency |
|---|
| USD |
| Auction Currency Rates | |
|---|---|
| USD/USD | 1.00000 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Barclays | 2.0 | 7.0 | Barclays |
| BNP Paribas | 7.0 | 12.0 | BNP Paribas |
| Citigroup | 5.0 | 10.0 | Citigroup |
| Deutsche Bank | 5.0 | 10.0 | Deutsche Bank |
| Goldman Sachs | 0.25 | 5.25 | Goldman Sachs |
| J.P. Morgan Securities LLC. | 2.5 | 7.5 | J.P. Morgan Securities LLC. |
| Morgan Stanley | 0.5 | 5.5 | Morgan Stanley |
Initial Market Midpoint: 5.375
Adjustment Amounts
BNP Paribas
USD 16,250
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Barclays | Offer | 34.8 |
| BNP Paribas | Offer | 1.2 |
| Citigroup | Offer | 1.2 |
| Deutsche Bank | Offer | 0.0 |
| Goldman Sachs | Offer | 22.835 |
| J.P. Morgan Securities LLC. | Offer | 1.2 |
| Morgan Stanley | Offer | 1.328 |
Net Open Interest: USD 62.563 million to sell
| Sum of Buy Physical Requests | 0.0m |
| Sum of Sell Physical Requests | 62.563m |
| Sum of Physical Request Trades | 0.0m |
| Sum of Limit Order Trades | 62.563m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Goldman Sachs | 6.375* | 10.0 |
| J.P. Morgan Securities LLC. | 6.375* | 4.0 |
| J.P. Morgan Securities LLC. | 6.375* | 4.0 |
| BNP Paribas** | 5.375* | 1.0 |
| Goldman Sachs | 5.25* | 10.0 |
| Deutsche Bank** | 5.0* | 1.0 |
| Citigroup** | 5.0* | 1.0 |
| Goldman Sachs | 4.25* | 10.0 |
| Goldman Sachs | 3.25* | 10.0 |
| J.P. Morgan Securities LLC.** | 2.5* | 1.0 |
| Goldman Sachs | 2.25* | 10.0 |
| Barclays** | 2.0^ | 1.0 |
| Goldman Sachs | 1.25 | 12.563 |
| Goldman Sachs | 0.5 | 62.563 |
| J.P. Morgan Securities LLC. | 0.5 | 62.0 |
| Morgan Stanley** | 0.5 | 1.0 |
| Barclays | 0.25 | 62.563 |
| Goldman Sachs** | 0.25 | 1.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.