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 S&P Global 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.