Glitnir Banki hf. CDS Auction Results, Wednesday 5th November 2008
Glitnir
Senior
Final Price: 3
Glitnir
Subordinated
Final Price: 0.125
Final Results of the Glitnir Banki hf. Senior Auction, Wednesday 5th November 2008
Final Price: 3
On Wednesday 5th November 2008 , 14 dealers submitted inside markets, physical settlement requests and limit orders to the Glitnir Banki hf. auction administered by Creditex and S&P Global to settle trades across the market referencing Glitnir Banki hf. .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 1 | 3 | Bank of America, N.A. |
| Barclays Bank PLC | 0.25 | 2.25 | Barclays Bank PLC |
| BNP Paribas | 1 | 3 | BNP Paribas |
| Citigroup Global Markets Limited | 1.25 | 3.25 | Citigroup Global Markets Limited |
| Credit Suisse International | 0.75 | 2.75 | Credit Suisse International |
| Deutsche Bank AG | 1.5 | 3.5 | Deutsche Bank AG |
| Dresdner Bank AG | 1.125 | 3.125 | Dresdner Bank AG |
| Goldman Sachs International | 2.25 | 4.25 | Goldman Sachs International |
| HSBC Bank plc | 1 | 3 | HSBC Bank plc |
| JPMorgan Chase Bank, N.A. | 0.75 | 2.75 | JPMorgan Chase Bank, N.A. |
| Merrill Lynch International | 0.75 | 2.75 | Merrill Lynch International |
| Morgan Stanley & Co. International | 1 | 3 | Morgan Stanley & Co. International |
| The Royal Bank of Scotland PLC | 1.25 | 3.25 | The Royal Bank of Scotland PLC |
| UBS AG | 0.25 | 2.25 | UBS AG |
Inside Market Midpoint: 2
Adjustment Amounts
Goldman Sachs International: €12,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 41 |
| Bank of America, N.A. | Offer | 43 |
| Barclays Bank PLC | Offer | 11 |
| Citigroup Global Markets Limited | Offer | 18 |
| Credit Suisse International | Offer | 201 |
| Deutsche Bank AG | Offer | 175 |
| Merrill Lynch International | Offer | 25 |
| Morgan Stanley & Co. International | Offer | 0 |
| The Royal Bank of Scotland PLC | Offer | 44 |
| UBS AG | Offer | 11 |
| Dresdner Bank AG | Bid | 5 |
| Goldman Sachs International | Bid | 21 |
| HSBC Bank plc | Bid | 6 |
| JPMorgan Chase Bank, N.A. | Bid | 350 |
Net Open Interest: €187 million to sell
| Sum of Buy Physical Requests | €382m |
| Sum of Sell Physical Requests | €569m |
| Sum of Physical Request Trades | €382m |
| Sum of Limit Order Trades | €187m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Deutsche Bank AG | 3^ | 1,337 |
| Morgan Stanley & Co. International | 2.5 | 30 |
| JPMorgan Chase Bank, N.A. | 2.5 | 120 |
| Morgan Stanley & Co. International | 2.375 | 30 |
| Morgan Stanley & Co. International | 2.25 | 30 |
| Citigroup Global Markets Limited | 2.25 | 150 |
| Goldman Sachs International** | 2 | 5 |
| Citigroup Global Markets Limited | 2 | 25 |
| Morgan Stanley & Co. International | 2 | 30 |
| Barclays Bank PLC | 2 | 8 |
| Citigroup Global Markets Limited | 1.875 | 15 |
| Morgan Stanley & Co. International | 1.875 | 40 |
| Credit Suisse International | 1.875 | 10 |
| Morgan Stanley & Co. International | 1.75 | 40 |
| Credit Suisse International | 1.75 | 5 |
| Morgan Stanley & Co. International | 1.625 | 40 |
| Credit Suisse International | 1.625 | 5 |
| JPMorgan Chase Bank, N.A. | 1.625 | 40 |
| Deutsche Bank AG** | 1.5 | 5 |
| JPMorgan Chase Bank, N.A. | 1.5 | 27 |
| Barclays Bank PLC | 1.5 | 8 |
| Credit Suisse International | 1.5 | 5 |
| Morgan Stanley & Co. International | 1.5 | 40 |
| Credit Suisse International | 1.375 | 5 |
| Merrill Lynch International | 1.375 | 50 |
| UBS AG | 1.375 | 20 |
| Citigroup Global Markets Limited** | 1.25 | 5 |
| The Royal Bank of Scotland PLC** | 1.25 | 5 |
| UBS AG | 1.25 | 20 |
| The Royal Bank of Scotland PLC | 1.25 | 25 |
| Credit Suisse International | 1.25 | 5 |
| Dresdner Bank AG** | 1.125 | 5 |
| Credit Suisse International | 1.125 | 5 |
| UBS AG | 1.125 | 20 |
| HSBC Bank plc** | 1 | 5 |
| BNP Paribas** | 1 | 5 |
| Morgan Stanley & Co. International** | 1 | 5 |
| Bank of America, N.A.** | 1 | 5 |
| The Royal Bank of Scotland PLC | 1 | 25 |
| BNP Paribas | 1 | 30 |
| Barclays Bank PLC | 1 | 8 |
| Morgan Stanley & Co. International | 1 | 15 |
| Credit Suisse International | 0.875 | 50 |
| Credit Suisse International** | 0.75 | 5 |
| Merrill Lynch International** | 0.75 | 5 |
| JPMorgan Chase Bank, N.A.** | 0.75 | 5 |
| The Royal Bank of Scotland PLC | 0.75 | 50 |
| Morgan Stanley & Co. International | 0.75 | 15 |
| The Royal Bank of Scotland PLC | 0.5 | 25 |
| UBS AG | 0.5 | 10 |
| Barclays Bank PLC** | 0.25 | 5 |
| UBS AG** | 0.25 | 5 |
| Bank of America, N.A. | 0.25 | 20 |
| UBS AG | 0.25 | 10 |
| HSBC Bank plc | 0.125 | 5 |
| Bank of America, N.A. | 0.125 | 23 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
Back to topFinal Results of the Glitnir Banki hf. Subordinated Auction, Wednesday 5th November 2008
Final Price: 0.125
On Wednesday 5th November 2008 , 14 dealers submitted inside markets, physical settlement requests and limit orders to the Glitnir Banki hf. auction administered by Creditex and S&P Global to settle trades across the market referencing Glitnir Banki hf. .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 0 | 2 | Bank of America, N.A. |
| Barclays Bank PLC | 0 | 2 | Barclays Bank PLC |
| BNP Paribas | 0 | 2 | BNP Paribas |
| Citigroup Global Markets Limited | 0 | 2 | Citigroup Global Markets Limited |
| Credit Suisse International | 0 | 2 | Credit Suisse International |
| Deutsche Bank AG | 0 | 2 | Deutsche Bank AG |
| Dresdner Bank AG | 0.125 | 2.125 | Dresdner Bank AG |
| Goldman Sachs International | 0.25 | 2.25 | Goldman Sachs International |
| HSBC Bank plc | 0.5 | 2.5 | HSBC Bank plc |
| JPMorgan Chase Bank, N.A. | 0.125 | 2.125 | JPMorgan Chase Bank, N.A. |
| Merrill Lynch International | 0 | 2 | Merrill Lynch International |
| Morgan Stanley & Co. International | 0 | 2 | Morgan Stanley & Co. International |
| The Royal Bank of Scotland PLC | 0 | 2 | The Royal Bank of Scotland PLC |
| UBS AG | 0 | 2 | UBS AG |
Inside Market Midpoint: 1.125
Adjustment Amounts
No adjustment amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 40 |
| Bank of America | Offer | 0 |
| Barclays | Offer | 0 |
| Citigroup | Offer | 0 |
| Credit Suisse | Offer | 14 |
| Deutsche Bank | Offer | 6 |
| Dresdner | Offer | 0 |
| HSBC | Offer | 0 |
| JP Morgan Chase | Offer | 15 |
| Merrill Lynch | Offer | 0 |
| Morgan Stanley | Offer | 0 |
| Royal Bank of Scotland | Offer | 0 |
| UBS | Offer | 0 |
| Goldman Sachs | Bid | 20 |
Net Open Interest: €55 million to sell
| Sum of Buy Physical Requests | €20m |
| Sum of Sell Physical Requests | €75m |
| Sum of Physical Request Trades | €20m |
| Sum of Limit Order Trades | €55m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Credit Suisse International | 1.125* | 5 |
| HSBC Bank plc** | 0.5* | 2 |
| Goldman Sachs International** | 0.25* | 2 |
| JPMorgan Chase Bank, N.A.** | 0.125^ | 2 |
| Dresdner Bank AG** | 0.125^ | 2 |
| Morgan Stanley & Co. International | 0.125^ | 55 |
| Citigroup Global Markets Limited** | 0 | 2 |
| BNP Paribas** | 0 | 2 |
| Morgan Stanley & Co. International** | 0 | 2 |
| Deutsche Bank AG** | 0 | 2 |
| The Royal Bank of Scotland PLC** | 0 | 2 |
| Merrill Lynch International** | 0 | 2 |
| Barclays Bank PLC** | 0 | 2 |
| Bank of America, N.A.** | 0 | 2 |
| Credit Suisse International** | 0 | 2 |
| UBS AG** | 0 | 2 |
| Deutsche Bank AG | 0 | 55 |
| UBS AG | 0 | 35 |
| BNP Paribas | 0 | 10 |
| JPMorgan Chase Bank, N.A. | 0 | 1,337 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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