Neiman Marcus Group LLC Auction Results, 29 May 2020
Final Results of the Neiman Marcus Group LLC CDS Auction, 29 May 2020
Final Price: 3
On 29 May 2020, 10 dealers submitted initial markets, physical settlement requests and limit orders to the Neiman Marcus Group LLC auction administered by Creditex and Markit to settle trades across the market referencing The Neiman Marcus Group LLC.
| 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 | 4.0 | 6.0 | Bank of America |
| Barclays | 3.0 | 5.0 | Barclays |
| BNP Paribas | 3.0 | 5.0 | BNP Paribas |
| Citigroup | 3.0 | 5.0 | Citigroup |
| Credit Suisse | 2.5 | 4.5 | Credit Suisse |
| Deutsche Bank | 2.5 | 4.5 | Deutsche Bank |
| Goldman Sachs | 2.5 | 3.5 | Goldman Sachs |
| J.P. Morgan Securities LLC. | 2.5 | 4.5 | J.P. Morgan Securities LLC. |
| Morgan Stanley | 1.0 | 3.0 | Morgan Stanley |
| RBC Capital Markets LLC | 2.5 | 4.5 | RBC Capital Markets LLC |
Initial Market Midpoint: 3.5
Adjustment Amounts
Bank of America
USD 10,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America | Offer | 0.0 |
| BNP Paribas | Offer | 0.0 |
| Citigroup | Offer | 38.0 |
| Credit Suisse | Offer | 0.0 |
| Deutsche Bank | Offer | 0.0 |
| Goldman Sachs | Offer | 122.2 |
| J.P. Morgan Securities LLC. | Offer | 10.0 |
| Morgan Stanley | Offer | 76.943 |
| RBC Capital Markets LLC | Offer | 0.0 |
| Barclays | Bid | 68.432 |
Net Open Interest: USD 178.711 million to sell
| Sum of Buy Physical Requests | 68.432m |
| Sum of Sell Physical Requests | 247.143m |
| Sum of Physical Request Trades | 68.432m |
| Sum of Limit Order Trades | 178.711m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Barclays | 4.0* | 25.0 |
| Goldman Sachs | 3.75* | 25.0 |
| Morgan Stanley | 3.5* | 25.0 |
| Goldman Sachs | 3.5* | 25.0 |
| Barclays | 3.5* | 25.0 |
| Bank of America** | 3.5* | 2.0 |
| Goldman Sachs | 3.25* | 25.0 |
| Goldman Sachs | 3.0^ | 45.0 |
| BNP Paribas** | 3.0^ | 2.0 |
| Barclays** | 3.0^ | 2.0 |
| Citigroup** | 3.0^ | 2.0 |
| Goldman Sachs | 2.75 | 58.7 |
| Goldman Sachs | 2.5 | 45.0 |
| Barclays | 2.5 | 25.0 |
| Barclays | 2.5 | 25.0 |
| Morgan Stanley | 2.5 | 25.0 |
| RBC Capital Markets LLC** | 2.5 | 2.0 |
| Credit Suisse** | 2.5 | 2.0 |
| Goldman Sachs** | 2.5 | 2.0 |
| Deutsche Bank** | 2.5 | 2.0 |
| J.P. Morgan Securities LLC.** | 2.5 | 2.0 |
| Goldman Sachs | 2.25 | 25.0 |
| Morgan Stanley | 2.25 | 10.0 |
| Barclays | 2.125 | 178.711 |
| Citigroup | 2.125 | 10.0 |
| Goldman Sachs | 2.0 | 30.0 |
| RBC Capital Markets LLC | 2.0 | 10.0 |
| Goldman Sachs | 1.75 | 35.0 |
| Goldman Sachs | 1.5 | 40.0 |
| RBC Capital Markets LLC | 1.5 | 20.0 |
| Citigroup | 1.125 | 20.0 |
| Morgan Stanley** | 1.0 | 2.0 |
| Morgan Stanley | 0.5 | 30.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.