Petróleos de Venezuela, S.A. Auction Results, 13 December 2017
Final Results of the Petróleos de Venezuela, S.A. CDS Auction, 13 December 2017
Final Price: 17.625
On 13 December 2017, 9 dealers submitted initial markets, physical settlement requests and limit orders to the Petróleos de Venezuela, S.A. auction administered by Creditex and Markit to settle trades across the market referencing Petroleos de Venezuela, S.A..
| 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 | 19.0 | 21.0 | Bank of America |
| Barclays | 17.25 | 19.25 | Barclays |
| BNP Paribas | 18.5 | 20.5 | BNP Paribas |
| Citigroup | 19.0 | 21.0 | Citigroup |
| Credit Suisse | 18.0 | 20.0 | Credit Suisse |
| Deutsche Bank | 17.75 | 19.75 | Deutsche Bank |
| Goldman Sachs | 17.25 | 19.25 | Goldman Sachs |
| J.P. Morgan Securities LLC. | 18.5 | 20.5 | J.P. Morgan Securities LLC. |
| Societe Generale | 18.5 | 20.5 | Societe Generale |
Initial Market Midpoint: 19.25
Adjustment Amounts
No Adjustment Amount
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America | Offer | 0.0 |
| Barclays | Offer | 47.52 |
| BNP Paribas | Offer | 0.0 |
| Citigroup | Offer | 0.0 |
| Credit Suisse | Offer | 30.0 |
| Deutsche Bank | Offer | 0.0 |
| Goldman Sachs | Offer | 28.4 |
| J.P. Morgan Securities LLC. | Offer | 0.0 |
| Societe Generale | Offer | 0.0 |
Net Open Interest: USD 105.92 million to sell
| Sum of Buy Physical Requests | 0.0m |
| Sum of Sell Physical Requests | 105.92m |
| Sum of Physical Request Trades | 0.0m |
| Sum of Limit Order Trades | 105.92m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Barclays | 19.5* | 21.5 |
| Goldman Sachs | 19.5* | 21.5 |
| Bank of America** | 19.0* | 2.0 |
| Citigroup** | 19.0* | 2.0 |
| Societe Generale** | 18.5* | 2.0 |
| BNP Paribas** | 18.5* | 2.0 |
| J.P. Morgan Securities LLC.** | 18.5* | 2.0 |
| Goldman Sachs | 18.125* | 1.5 |
| Barclays | 18.125* | 1.5 |
| J.P. Morgan Securities Inc. | 18.0* | 20.0 |
| Credit Suisse** | 18.0* | 2.0 |
| J.P. Morgan Securities Inc. | 17.75* | 20.0 |
| Deutsche Bank** | 17.75* | 2.0 |
| Goldman Sachs | 17.625^ | 10.0 |
| J.P. Morgan Securities Inc. | 17.5 | 20.0 |
| Barclays | 17.25 | 95.0 |
| J.P. Morgan Securities Inc. | 17.25 | 20.0 |
| Barclays** | 17.25 | 2.0 |
| Goldman Sachs** | 17.25 | 2.0 |
| Barclays | 17.125 | 15.0 |
| Barclays | 17.125 | 1.0 |
| Goldman Sachs | 17.125 | 1.0 |
| J.P. Morgan Securities Inc. | 17.0 | 20.0 |
| J.P. Morgan Securities Inc. | 16.75 | 5.0 |
| Goldman Sachs | 16.625 | 18.4 |
| Barclays | 16.125 | 15.0 |
| Barclays | 16.125 | 10.0 |
| Barclays | 16.125 | 5.0 |
| Barclays | 16.125 | 2.0 |
| Goldman Sachs | 16.125 | 2.0 |
| Barclays | 15.875 | 5.0 |
| Goldman Sachs | 15.75 | 20.0 |
| Barclays | 15.625 | 5.0 |
| Deutsche Bank | 15.5 | 15.0 |
| Barclays | 15.375 | 5.0 |
| Deutsche Bank | 15.125 | 15.0 |
| Barclays | 15.125 | 5.92 |
| Barclays | 15.125 | 5.0 |
| Barclays | 15.125 | 1.5 |
| Goldman Sachs | 15.125 | 1.5 |
| Barclays | 15.0 | 50.0 |
| Barclays | 15.0 | 20.0 |
| Societe Generale | 15.0 | 10.0 |
| Goldman Sachs | 14.5 | 20.0 |
| Goldman Sachs | 14.125 | 2.0 |
| Barclays | 14.125 | 2.0 |
| Deutsche Bank | 13.5 | 50.0 |
| Goldman Sachs | 13.125 | 2.5 |
| Barclays | 13.125 | 2.5 |
| Barclays | 12.125 | 2.5 |
| Goldman Sachs | 12.125 | 2.5 |
| Barclays | 12.0 | 100.0 |
| Societe Generale | 12.0 | 10.0 |
| Barclays | 11.125 | 3.0 |
| Goldman Sachs | 11.125 | 3.0 |
| Barclays | 11.0 | 50.0 |
| Barclays | 10.125 | 5.0 |
| Barclays | 10.125 | 3.5 |
| Goldman Sachs | 10.125 | 3.5 |
| Barclays | 10.0 | 12.0 |
| Barclays | 10.0 | 10.0 |
| Societe Generale | 10.0 | 10.0 |
| Barclays | 9.125 | 5.0 |
| Goldman Sachs | 9.125 | 5.0 |
| Societe Generale | 7.5 | 20.0 |
| Barclays | 7.0 | 100.0 |
| Barclays | 7.0 | 20.0 |
| Societe Generale | 5.0 | 50.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.