Wirecard AG Auction Results, 29 July 2020
Final Results of the Wirecard AG CDS Auction, 29 July 2020
Final Price: 11
On 29 July 2020, 7 dealers submitted initial markets, physical settlement requests and limit orders to the Wirecard AG auction administered by Creditex and Markit to settle trades across the market referencing Wirecard AG.
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/EUR | 1.00000 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Barclays Bank PLC | 12.5 | 14.5 | Barclays Bank PLC |
| BNP Paribas | 11.0 | 13.0 | BNP Paribas |
| Citigroup Global Markets Limited | 12.75 | 14.75 | Citigroup Global Markets Limited |
| Credit Suisse International | 11.5 | 13.5 | Credit Suisse International |
| Goldman Sachs International | 11.25 | 13.25 | Goldman Sachs International |
| J.P. Morgan Securities PLC | 13.0 | 15.0 | J.P. Morgan Securities PLC |
| Morgan Stanley & Co. International PLC | 11.5 | 13.5 | Morgan Stanley & Co. International PLC |
Initial Market Midpoint: 12.875
Adjustment Amounts
J.P. Morgan Securities PLC
EUR 1,250
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Barclays Bank PLC | Offer | 0.0 |
| BNP Paribas | Offer | 0.0 |
| Citigroup Global Markets Limited | Offer | 0.0 |
| Goldman Sachs International | Offer | 54.1 |
| J.P. Morgan Securities PLC | Offer | 0.0 |
| Morgan Stanley & Co. International PLC | Offer | 0.0 |
| Credit Suisse International | Bid | 4.0 |
Net Open Interest: EUR 50.1 million to sell
| Sum of Buy Physical Requests | 4.0m |
| Sum of Sell Physical Requests | 54.1m |
| Sum of Physical Request Trades | 4.0m |
| Sum of Limit Order Trades | 50.1m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Barclays Bank PLC | 13.875* | 6.0 |
| Credit Suisse International | 13.875* | 5.0 |
| Barclays Bank PLC | 13.875* | 3.0 |
| Citigroup Global Markets Limited | 13.5* | 5.0 |
| Goldman Sachs International | 13.375* | 0.6 |
| Barclays Bank PLC | 12.875* | 2.0 |
| J.P. Morgan Securities PLC** | 12.875* | 1.0 |
| Barclays Bank PLC | 12.875* | 1.0 |
| Citigroup Global Markets Limited** | 12.75* | 1.0 |
| Barclays Bank PLC** | 12.5* | 1.0 |
| Citigroup Global Markets Limited | 12.0* | 7.0 |
| Credit Suisse International** | 11.5* | 1.0 |
| Morgan Stanley & Co. International PLC** | 11.5* | 1.0 |
| Goldman Sachs International** | 11.25* | 1.0 |
| Morgan Stanley & Co. International PLC | 11.125* | 4.0 |
| Citigroup Global Markets Limited | 11.0^ | 20.0 |
| Goldman Sachs International | 11.0^ | 20.0 |
| Credit Suisse International | 11.0^ | 20.0 |
| Citigroup Global Markets Limited | 11.0^ | 10.0 |
| Goldman Sachs International | 11.0^ | 5.0 |
| BNP Paribas** | 11.0^ | 1.0 |
| Morgan Stanley & Co. International PLC | 10.125 | 5.0 |
| Credit Suisse International | 10.0 | 5.0 |
| Goldman Sachs International | 9.875 | 50.0 |
| Barclays Bank PLC | 9.25 | 6.0 |
| Barclays Bank PLC | 9.25 | 3.0 |
| Morgan Stanley & Co. International PLC | 9.125 | 10.0 |
| Citigroup Global Markets Limited | 9.0 | 20.0 |
| Morgan Stanley & Co. International PLC | 8.125 | 10.0 |
| Citigroup Global Markets Limited | 8.0 | 30.0 |
| Credit Suisse International | 7.5 | 10.0 |
| Goldman Sachs International | 7.375 | 1.5 |
| Morgan Stanley & Co. International PLC | 7.125 | 10.0 |
| Citigroup Global Markets Limited | 7.0 | 40.0 |
| Goldman Sachs International | 6.375 | 1.0 |
| Barclays Bank PLC | 6.25 | 6.0 |
| Barclays Bank PLC | 6.25 | 3.0 |
| Morgan Stanley & Co. International PLC | 6.125 | 10.1 |
| Citigroup Global Markets Limited | 6.0 | 50.0 |
| Goldman Sachs International | 5.375 | 1.0 |
| Credit Suisse International | 5.0 | 10.0 |
| Goldman Sachs International | 4.375 | 1.0 |
| Goldman Sachs International | 3.375 | 3.0 |
| Goldman Sachs International | 2.375 | 4.0 |
| Goldman Sachs International | 1.375 | 10.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.