Takefuji Corp Auction Results, 28 October 2010
(A) The 1000mm JPY Barclays Capital Japan Limited prorated allocation at 14.75 did not meet the minimum rounding amount nor the RAST Notional Amount Increment. The allocations were made in accordance with the Rounding Convention defined in the AST.
Final Results of the Takefuji Corp CDS Auction, 28 October 2010
Final Price: 14.75
On 28 October 2010, 15 dealers submitted initial markets, physical settlement requests and limit orders to the Takefuji Corp auction administered by Creditex and S&P Global to settle trades across the market referencing Takefuji Corporation.
| Relevant Currency |
|---|
| JPY |
| Auction Currency Rates | |
|---|---|
| JPY/USD | 80.72000 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Barclays Capital Japan Limited | 12.0 | 15.0 | Barclays Capital Japan Limited |
| BNP Paribas Securities (Japan) Limited, Tokyo Branch | 12.0 | 15.0 | BNP Paribas Securities (Japan) Limited, Tokyo Branch |
| Citigroup Global Markets Japan Inc. | 11.5 | 14.5 | Citigroup Global Markets Japan Inc. |
| Credit Suisse Securities (Japan) Limited | 12.0 | 15.0 | Credit Suisse Securities (Japan) Limited |
| Deutsche Bank AG | 11.5 | 14.5 | Deutsche Bank AG |
| Goldman Sachs International | 12.5 | 15.5 | Goldman Sachs International |
| JPM Securities Japan Co., Ltd. | 11.5 | 14.5 | JPM Securities Japan Co., Ltd. |
| Merrill Lynch Japan Securities Co., LTD. | 11.5 | 14.5 | Merrill Lynch Japan Securities Co., LTD. |
| Mitsubishi UFJ Securities Co., Ltd. | 11.5 | 14.5 | Mitsubishi UFJ Securities Co., Ltd. |
| Mizuho Securities Co., Ltd. | 12.25 | 15.25 | Mizuho Securities Co., Ltd. |
| Morgan Stanley MUFG Securities Co., Ltd | 12.0 | 15.0 | Morgan Stanley MUFG Securities Co., Ltd |
| Nomura Securities Co., Ltd. | 11.0 | 14.0 | Nomura Securities Co., Ltd. |
| The Hongkong and Shanghai Banking Corporation Limited | 12.0 | 15.0 | The Hongkong and Shanghai Banking Corporation Limited |
| The Royal Bank of Scotland PLC | 12.0 | 15.0 | The Royal Bank of Scotland PLC |
| UBS Securities Japan Ltd | 11.5 | 14.5 | UBS Securities Japan Ltd |
Initial Market Midpoint: 13.25
Adjustment Amounts
No Adjustment Amount
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Barclays Capital Japan Limited | Offer | 100.0 |
| BNP Paribas Securities (Japan) Limited, Tokyo Branch | Offer | 700.0 |
| Citigroup Global Markets Japan Inc. | Offer | 500.0 |
| Credit Suisse Securities (Japan) Limited | Offer | 0.0 |
| Deutsche Bank AG | Offer | 2000.0 |
| Goldman Sachs International | Offer | 18400.0 |
| Merrill Lynch Japan Securities Co., LTD. | Offer | 6500.0 |
| Mitsubishi UFJ Securities Co., Ltd. | Offer | 0.0 |
| Mizuho Securities Co., Ltd. | Offer | 0.0 |
| Morgan Stanley MUFG Securities Co., Ltd | Offer | 200.0 |
| Nomura Securities Co., Ltd. | Offer | 400.0 |
| The Hongkong and Shanghai Banking Corporation Limited | Offer | 0.0 |
| The Royal Bank of Scotland PLC | Offer | 1800.0 |
| JPM Securities Japan Co., Ltd. | Bid | 4800.0 |
| UBS Securities Japan Ltd | Bid | 4600.0 |
Net Open Interest: JPY 21200 million to sell
| Sum of Buy Physical Requests | 9400.0m |
| Sum of Sell Physical Requests | 30600.0m |
| Sum of Physical Request Trades | 9400.0m |
| Sum of Limit Order Trades | 21200.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| JPM Securities Japan Co., Ltd. | 14.75^ | 21200.0 |
| Merrill Lynch Japan Securities Co., LTD. | 14.75^ | 21200.0 |
| The Royal Bank of Scotland PLC | 14.75^ | 21000.0 |
| Deutsche Bank AG | 14.75^ | 21000.0 |
| Citigroup Global Markets Japan Inc. | 14.75^ | 21000.0 |
| Credit Suisse Securities (Japan) Limited | 14.75^ | 21000.0 |
| Barclays Capital Japan Limited | 14.75^ | 21000.0 |
| UBS Securities Japan Ltd | 14.75^ | 21000.0 |
| Goldman Sachs International | 14.75^ | 21000.0 |
| Nomura Securities Co., Ltd. | 14.75^ | 21000.0 |
| BNP Paribas Securities (Japan) Limited, Tokyo Branch | 14.75^ | 21000.0 |
| Morgan Stanley MUFG Securities Co., Ltd | 14.75^ | 21000.0 |
| Goldman Sachs International | 14.75^ | 5000.0 |
| Nomura Securities Co., Ltd. | 14.75^ | 3000.0 |
| UBS Securities Japan Ltd | 14.75^ | 2000.0 |
| Goldman Sachs International | 14.75^ | 2000.0 |
| Barclays Capital Japan Limited (A) | 14.75 | 1000.0 |
| Nomura Securities Co., Ltd. | 14.125 | 200.0 |
| Citigroup Global Markets Japan Inc. | 13.5 | 2000.0 |
| Citigroup Global Markets Japan Inc. | 13.5 | 800.0 |
| UBS Securities Japan Ltd | 12.625 | 4000.0 |
| Goldman Sachs International | 12.5 | 1000.0 |
| Goldman Sachs International** | 12.5 | 200.0 |
| Deutsche Bank AG | 12.25 | 500.0 |
| Mizuho Securities Co., Ltd.** | 12.25 | 200.0 |
| Nomura Securities Co., Ltd. | 12.125 | 1200.0 |
| UBS Securities Japan Ltd | 12.0 | 3500.0 |
| Goldman Sachs International | 12.0 | 1000.0 |
| Deutsche Bank AG | 12.0 | 1000.0 |
| Barclays Capital Japan Limited** | 12.0 | 200.0 |
| Credit Suisse Securities (Japan) Limited** | 12.0 | 200.0 |
| Morgan Stanley MUFG Securities Co., Ltd** | 12.0 | 200.0 |
| The Hongkong and Shanghai Banking Corporation Limited** | 12.0 | 200.0 |
| BNP Paribas Securities (Japan) Limited, Tokyo Branch** | 12.0 | 200.0 |
| The Royal Bank of Scotland PLC** | 12.0 | 200.0 |
| Deutsche Bank AG | 11.75 | 1500.0 |
| Deutsche Bank AG | 11.5 | 1500.0 |
| Goldman Sachs International | 11.5 | 1000.0 |
| Merrill Lynch Japan Securities Co., LTD.** | 11.5 | 200.0 |
| UBS Securities Japan Ltd** | 11.5 | 200.0 |
| Mitsubishi UFJ Securities Co., Ltd.** | 11.5 | 200.0 |
| Deutsche Bank AG** | 11.5 | 200.0 |
| Citigroup Global Markets Japan Inc.** | 11.5 | 200.0 |
| JPM Securities Japan Co., Ltd.** | 11.5 | 200.0 |
| Deutsche Bank AG | 11.25 | 1500.0 |
| Deutsche Bank AG | 11.125 | 9500.0 |
| UBS Securities Japan Ltd | 11.0 | 20000.0 |
| Deutsche Bank AG | 11.0 | 3200.0 |
| Morgan Stanley MUFG Securities Co., Ltd | 11.0 | 2000.0 |
| Goldman Sachs International | 11.0 | 1600.0 |
| BNP Paribas Securities (Japan) Limited, Tokyo Branch | 11.0 | 1000.0 |
| Nomura Securities Co., Ltd.** | 11.0 | 200.0 |
| Deutsche Bank AG | 10.75 | 1500.0 |
| Deutsche Bank AG | 10.5 | 1500.0 |
| Deutsche Bank AG | 10.25 | 1500.0 |
| Citigroup Global Markets Japan Inc. | 10.125 | 8100.0 |
| Citigroup Global Markets Japan Inc. | 10.125 | 2000.0 |
| Nomura Securities Co., Ltd. | 10.125 | 1800.0 |
| Goldman Sachs International | 10.0 | 3000.0 |
| Nomura Securities Co., Ltd. | 10.0 | 3000.0 |
| Deutsche Bank AG | 10.0 | 1500.0 |
| UBS Securities Japan Ltd | 10.0 | 1500.0 |
| JPM Securities Japan Co., Ltd. | 10.0 | 700.0 |
| The Royal Bank of Scotland PLC | 10.0 | 200.0 |
| Deutsche Bank AG | 9.75 | 1500.0 |
| Goldman Sachs International | 9.75 | 200.0 |
| Morgan Stanley MUFG Securities Co., Ltd | 9.5 | 2000.0 |
| Deutsche Bank AG | 9.5 | 1500.0 |
| Citigroup Global Markets Japan Inc. | 9.25 | 8100.0 |
| Deutsche Bank AG | 9.25 | 1500.0 |
| Citigroup Global Markets Japan Inc. | 9.0 | 2400.0 |
| Deutsche Bank AG | 9.0 | 1500.0 |
| Barclays Capital Japan Limited | 9.0 | 800.0 |
| JPM Securities Japan Co., Ltd. | 9.0 | 700.0 |
| Deutsche Bank AG | 8.75 | 1500.0 |
| Deutsche Bank AG | 8.5 | 1200.0 |
| Nomura Securities Co., Ltd. | 8.125 | 2700.0 |
| Morgan Stanley MUFG Securities Co., Ltd | 8.0 | 8100.0 |
| Morgan Stanley MUFG Securities Co., Ltd | 8.0 | 2400.0 |
| Deutsche Bank AG | 8.0 | 2000.0 |
| JPM Securities Japan Co., Ltd. | 8.0 | 700.0 |
| Barclays Capital Japan Limited | 8.0 | 200.0 |
| Goldman Sachs International | 7.625 | 1000.0 |
| Morgan Stanley MUFG Securities Co., Ltd | 7.5 | 10000.0 |
| Deutsche Bank AG | 7.0 | 3000.0 |
| JPM Securities Japan Co., Ltd. | 7.0 | 500.0 |
| UBS Securities Japan Ltd | 7.0 | 200.0 |
| Nomura Securities Co., Ltd. | 6.125 | 5400.0 |
| JPM Securities Japan Co., Ltd. | 6.125 | 500.0 |
| Deutsche Bank AG | 6.0 | 4000.0 |
| UBS Securities Japan Ltd | 6.0 | 300.0 |
| JPM Securities Japan Co., Ltd. | 5.125 | 500.0 |
| UBS Securities Japan Ltd | 5.0 | 400.0 |
| JPM Securities Japan Co., Ltd. | 4.375 | 200.0 |
| Nomura Securities Co., Ltd. | 4.125 | 9900.0 |
| JPM Securities Japan Co., Ltd. | 2.625 | 200.0 |
| JPM Securities Japan Co., Ltd. | 1.625 | 200.0 |
| JPM Securities Japan Co., Ltd. | 1.125 | 200.0 |
| JPM Securities Japan Co., Ltd. | 1.0 | 200.0 |
| JPM Securities Japan Co., Ltd. | 0.875 | 200.0 |
| JPM Securities Japan Co., Ltd. | 0.75 | 200.0 |
| JPM Securities Japan Co., Ltd. | 0.625 | 200.0 |
| JPM Securities Japan Co., Ltd. | 0.5 | 200.0 |
| JPM Securities Japan Co., Ltd. | 0.375 | 200.0 |
| JPM Securities Japan Co., Ltd. | 0.25 | 200.0 |
| JPM Securities Japan Co., Ltd. | 0.125 | 200.0 |
| JPM Securities Japan Co., Ltd. | 0.0 | 200.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.