Bolivarian Republic of Venezuela Auction Results, 12 December 2017
Final Results of the Bolivarian Republic of Venezuela CDS Auction, 12 December 2017
Final Price: 24.5
On 12 December 2017, 10 dealers submitted initial markets, physical settlement requests and limit orders to the Bolivarian Republic of Venezuela auction administered by Creditex and S&P Global to settle trades across the market referencing Bolivarian Republic of Venezuela.
| 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 | 22.75 | 24.75 | Bank of America |
| Barclays | 23.25 | 25.25 | Barclays |
| Citigroup | 22.25 | 24.25 | Citigroup |
| Credit Suisse | 22.5 | 24.5 | Credit Suisse |
| Deutsche Bank | 22.25 | 24.25 | Deutsche Bank |
| Goldman Sachs | 22.75 | 24.75 | Goldman Sachs |
| J.P. Morgan Securities LLC. | 22.75 | 24.5 | J.P. Morgan Securities LLC. |
| Morgan Stanley | 22.5 | 24.5 | Morgan Stanley |
| Societe Generale | 22.25 | 24.25 | Societe Generale |
| Standard Chartered Bank | 21.75 | 23.75 | Standard Chartered Bank |
Initial Market Midpoint: 23.5
Adjustment Amounts
No Adjustment Amount
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America | Offer | 37.439 |
| Citigroup | Offer | 37.43 |
| Credit Suisse | Offer | 0.0 |
| Deutsche Bank | Offer | 275.5 |
| Societe Generale | Offer | 0.0 |
| Standard Chartered Bank | Offer | 0.0 |
| Barclays | Bid | 209.852 |
| Goldman Sachs | Bid | 37.4 |
| J.P. Morgan Securities LLC. | Bid | 184.75 |
| Morgan Stanley | Bid | 23.5 |
Net Open Interest: USD 105.133 million to buy
| Sum of Buy Physical Requests | 455.502m |
| Sum of Sell Physical Requests | 350.369m |
| Sum of Physical Request Trades | 350.369m |
| Sum of Limit Order Trades | 105.133m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| Goldman Sachs | 22.5* | 25.0 |
| Barclays | 22.5* | 6.0 |
| Barclays | 23.0* | 7.0 |
| Barclays | 23.375* | 9.0 |
| Standard Chartered Bank** | 23.75* | 2.0 |
| Citigroup | 23.875* | 20.0 |
| Citigroup | 23.875* | 3.0 |
| Citigroup | 24.0* | 5.0 |
| Citigroup** | 24.25* | 2.0 |
| Deutsche Bank** | 24.25* | 2.0 |
| Societe Generale** | 24.25* | 2.0 |
| Goldman Sachs | 24.5^ | 20.0 |
| Morgan Stanley | 24.5^ | 10.0 |
| Morgan Stanley** | 24.5^ | 2.0 |
| J.P. Morgan Securities LLC.** | 24.5^ | 2.0 |
| Credit Suisse** | 24.5^ | 2.0 |
| Deutsche Bank | 24.625 | 40.0 |
| Goldman Sachs | 24.75 | 5.436 |
| Goldman Sachs** | 24.75 | 2.0 |
| Bank of America** | 24.75 | 2.0 |
| Deutsche Bank | 24.875 | 53.0 |
| Goldman Sachs | 24.875 | 25.0 |
| Standard Chartered Bank | 24.875 | 2.0 |
| Barclays | 25.0 | 10.0 |
| J.P. Morgan Securities Inc. | 25.0 | 8.0 |
| Morgan Stanley | 25.0 | 5.0 |
| Citigroup | 25.0 | 3.0 |
| Goldman Sachs | 25.125 | 25.0 |
| Barclays** | 25.25 | 2.0 |
| Standard Chartered Bank | 25.375 | 2.0 |
| Morgan Stanley | 25.5 | 10.0 |
| Standard Chartered Bank | 25.875 | 3.0 |
| Barclays | 26.0 | 10.0 |
| Morgan Stanley | 26.0 | 5.0 |
| Citigroup | 26.25 | 5.0 |
| Standard Chartered Bank | 26.375 | 3.0 |
| Morgan Stanley | 26.5 | 5.0 |
| Standard Chartered Bank | 26.875 | 3.0 |
| Citigroup | 27.0 | 19.0 |
| Citigroup | 27.0 | 10.0 |
| Morgan Stanley | 27.0 | 5.0 |
| Morgan Stanley | 27.5 | 5.0 |
| Barclays | 28.0 | 5.0 |
| Morgan Stanley | 29.5 | 5.0 |
| Standard Chartered Bank | 29.875 | 5.0 |
| Barclays | 30.0 | 10.0 |
| Standard Chartered Bank | 32.375 | 5.0 |
| Standard Chartered Bank | 34.875 | 5.0 |
| Barclays | 35.0 | 10.0 |
| Standard Chartered Bank | 37.375 | 5.0 |
| Barclays | 40.0 | 10.0 |
| Morgan Stanley | 50.0 | 50.0 |
| Barclays | 50.0 | 10.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.