STEINHOFF EUROPE AG Auction Results, 25 September 2019
Final Results of the STEINHOFF EUROPE AG CDS Auction, 25 September 2019
Final Price: 84
On 25 September 2019, 9 dealers submitted initial markets, physical settlement requests and limit orders to the STEINHOFF EUROPE AG auction administered by Creditex and S&P Global to settle trades across the market referencing STEINHOFF EUROPE AG.
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/USD | 0.90934 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Barclays Bank PLC | 74.0 | 78.0 | Barclays Bank PLC |
| BNP Paribas | 82.0 | 86.0 | BNP Paribas |
| Citigroup Financial Products Inc. | 81.5 | 84.0 | Citigroup Financial Products Inc. |
| Credit Suisse International | 81.5 | 85.5 | Credit Suisse International |
| Deutsche Bank Aktiengesellschaft | 82.0 | 86.0 | Deutsche Bank Aktiengesellschaft |
| Goldman Sachs International | 83.0 | 87.0 | Goldman Sachs International |
| J.P. Morgan Securities PLC | 75.5 | 79.5 | J.P. Morgan Securities PLC |
| Merrill Lynch International | 81.0 | 85.0 | Merrill Lynch International |
| Société Générale | 82.0 | 86.0 | Société Générale |
Initial Market Midpoint: 83.5
Adjustment Amounts
Barclays Bank PLC
EUR 55,000
J.P. Morgan Securities PLC
EUR 40,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Barclays Bank PLC | Offer | 0.0 |
| BNP Paribas | Offer | 0.0 |
| Citigroup Financial Products Inc. | Offer | 0.0 |
| Credit Suisse International | Offer | 0.0 |
| Deutsche Bank Aktiengesellschaft | Offer | 0.0 |
| J.P. Morgan Securities PLC | Offer | 0.0 |
| Merrill Lynch International | Offer | 0.0 |
| Société Générale | Offer | 0.0 |
| Goldman Sachs International | Bid | 8.4 |
Net Open Interest: EUR 8.4 million to buy
| Sum of Buy Physical Requests | 8.4m |
| Sum of Sell Physical Requests | 0.0m |
| Sum of Physical Request Trades | 0.0m |
| Sum of Limit Order Trades | 8.4m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| J.P. Morgan Securities PLC | 82.0* | 2.0 |
| J.P. Morgan Securities PLC | 83.0* | 2.0 |
| Barclays Bank PLC** | 83.5* | 1.0 |
| J.P. Morgan Securities PLC** | 83.5* | 1.0 |
| J.P. Morgan Securities PLC | 84.0^ | 2.0 |
| Citigroup Financial Products Inc.** | 84.0^ | 1.0 |
| J.P. Morgan Securities PLC | 85.0 | 2.0 |
| Merrill Lynch International** | 85.0 | 1.0 |
| Credit Suisse International** | 85.5 | 1.0 |
| BNP Paribas** | 86.0 | 1.0 |
| Deutsche Bank Aktiengesellschaft** | 86.0 | 1.0 |
| Société Générale ** | 86.0 | 1.0 |
| Goldman Sachs International** | 87.0 | 1.0 |
| Credit Suisse International | 87.0 | 1.0 |
| Credit Suisse International | 88.0 | 1.0 |
| Credit Suisse International | 89.0 | 1.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.