Abitibi Auction Results, 17th April 2009
Final Results of the Abitibi CDS Auction, 17th April 2009
Final Price: 3.25
On 17th April 2009, 11 dealers submitted inside markets, physical settlement requests and limit orders to the Abitibi auction administered by Creditex and S&P Global to settle trades across the market referencing Abitibi-Consolidated Inc. .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities LLC | 3 | 5 | Banc of America Securities LLC |
| Barclays Bank PLC | 3 | 5 | Barclays Bank PLC |
| BNP Paribas | 2.75 | 4.75 | BNP Paribas |
| Citigroup Global Markets Inc. | 3 | 5 | Citigroup Global Markets Inc. |
| Credit Suisse International | 2.875 | 4.875 | Credit Suisse International |
| Deutsche Bank AG | 4 | 6 | Deutsche Bank AG |
| Goldman Sachs & Co. | 2 | 4 | Goldman Sachs & Co. |
| J.P. Morgan Securities Inc. | 1 | 3 | J.P. Morgan Securities Inc. |
| Morgan Stanley & Co. Incorporated | 2.5 | 4.5 | Morgan Stanley & Co. Incorporated |
| The Royal Bank of Scotland PLC | 3 | 5 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 2.5 | 4.5 | UBS Securities LLC |
Inside Market Midpoint: 3.75
Adjustment Amounts
Deutsche Bank AG: $5,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 9.8 |
| Banc of America Securities LLC | Offer | 5.8 |
| Barclays Bank PLC | Offer | 20.122 |
| Citigroup Global Markets Inc. | Offer | 20 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs & Co. | Offer | 0 |
| J.P. Morgan Securities Inc. | Offer | 141.102 |
| The Royal Bank of Scotland PLC | Offer | 29.423 |
| UBS Securities LLC | Offer | 26 |
| Morgan Stanley & Co. Incorporated | Bid | 18 |
Net Open Interest: $234.247 million to sell
| Sum of Buy Physical Requests | $18.000m |
| Sum of Sell Physical Requests | $252.247m |
| Sum of Physical Request Trades | $18.000m |
| Sum of Limit Order Trades | $234.247m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Barclays Bank PLC | 4.75* | 100 |
| Barclays Bank PLC | 4.25* | 25 |
| Barclays Bank PLC | 4* | 25 |
| Deutsche Bank AG | 4* | 5 |
| Deutsche Bank AG** | 3.75* | 2 |
| Goldman Sachs & Co. | 3.75* | 6.5 |
| Barclays Bank PLC | 3.75* | 25 |
| Barclays Bank PLC | 3.5* | 5 |
| Barclays Bank PLC | 3.25^ | 50 |
| Banc of America Securities LLC | 3.125 | 20 |
| The Royal Bank of Scotland PLC | 3 | 10 |
| Morgan Stanley & Co. Incorporated | 3 | 5 |
| Barclays Bank PLC** | 3 | 2 |
| Citigroup Global Markets Inc.** | 3 | 2 |
| Citigroup Global Markets Inc. | 3 | 10 |
| The Royal Bank of Scotland PLC** | 3 | 2 |
| Banc of America Securities LLC** | 3 | 2 |
| Credit Suisse International** | 2.875 | 2 |
| BNP Paribas** | 2.75 | 2 |
| Banc of America Securities LLC | 2.75 | 10 |
| Goldman Sachs & Co. | 2.625 | 15 |
| Banc of America Securities LLC | 2.5 | 10 |
| Goldman Sachs & Co. | 2.5 | 15 |
| Goldman Sachs & Co. | 2.5 | 15 |
| The Royal Bank of Scotland PLC | 2.5 | 5 |
| Citigroup Global Markets Inc. | 2.5 | 10 |
| Morgan Stanley & Co. Incorporated** | 2.5 | 2 |
| UBS Securities LLC** | 2.5 | 2 |
| Morgan Stanley & Co. Incorporated | 2.5 | 5 |
| Goldman Sachs & Co. | 2.25 | 15 |
| Goldman Sachs & Co.** | 2 | 2 |
| Morgan Stanley & Co. Incorporated | 2 | 5 |
| The Royal Bank of Scotland PLC | 2 | 10 |
| Citigroup Global Markets Inc. | 2 | 10 |
| Credit Suisse International | 2 | 5 |
| Deutsche Bank AG | 2 | 234 |
| J.P. Morgan Securities Inc. | 1.625 | 50 |
| BNP Paribas | 1.5 | 9.8 |
| J.P. Morgan Securities Inc. | 1.5 | 75 |
| J.P. Morgan Securities Inc. | 1.375 | 100 |
| J.P. Morgan Securities Inc. | 1.25 | 150 |
| UBS Securities LLC | 1.125 | 234.247 |
| J.P. Morgan Securities Inc. | 1.125 | 200 |
| Citigroup Global Markets Inc. | 1 | 50 |
| J.P. Morgan Securities Inc.** | 1 | 2 |
| Credit Suisse International | 1 | 3 |
| UBS Securities LLC | 1 | 100 |
| J.P. Morgan Securities Inc. | 1 | 234 |
| UBS Securities LLC | 0.875 | 50 |
| UBS Securities LLC | 0.5 | 225 |
| Citigroup Global Markets Inc. | 0.5 | 100 |
| Citigroup Global Markets Inc. | 0.25 | 200 |
| Credit Suisse International | 0.125 | 10 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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