Bowater Auction Results, 12th May 2009
Final Results of the Bowater CDS Auction, 12th May 2009
Final Price: 15
On 12th May 2009, 11 dealers submitted inside markets, physical settlement requests and limit orders to the Bowater auction administered by Creditex and S&P Global to settle trades across the market referencing Bowater Incorporated .
The Bowater Deliverable Obligations are denominated in USD .
| Relevant Currency |
|---|
| USD |
| Auction Currency Rates | |
|---|---|
| USD/USD | 1.00000 |
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America / Merrill Lynch | 12.5 | 14.5 | Bank of America / Merrill Lynch |
| Barclays | 12.5 | 14.5 | Barclays |
| BNP Paribas | 13 | 15 | BNP Paribas |
| Citibank | 15.5 | 17.5 | Citibank |
| Credit Suisse | 12.5 | 14.5 | Credit Suisse |
| Deutsche Bank AG | 14.5 | 16.5 | Deutsche Bank AG |
| Goldman Sachs | 13 | 15 | Goldman Sachs |
| JPMorgan Chase Bank, N.A. | 13 | 15 | JPMorgan Chase Bank, N.A. |
| Morgan Stanley | 12.5 | 14.5 | Morgan Stanley |
| The Royal Bank of Scotland | 14 | 16 | The Royal Bank of Scotland |
| UBS | 13 | 15 | UBS |
Inside Market Midpoint: 14
Adjustment Amounts
Citibank: $30,000
Deutsche Bank AG: $10,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 0 |
| Bank of America / Merrill Lynch | Offer | 13.433 |
| Barclays | Offer | 22.25 |
| Citibank | Offer | 50 |
| Credit Suisse | Offer | 15 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs | Offer | 5.9 |
| Morgan Stanley | Offer | 0 |
| The Royal Bank of Scotland | Offer | 0 |
| UBS | Offer | 12 |
| JPMorgan Chase Bank, N.A. | Bid | 1 |
Net Open Interest: $117.583 million to sell
| Sum of Buy Physical Requests | $1.000m |
| Sum of Sell Physical Requests | $118.583m |
| Sum of Physical Request Trades | $1.000m |
| Sum of Limit Order Trades | $117.583m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| JPMorgan Chase Bank, N.A. | 15^ | 35 |
| Bank of America / Merrill Lynch | 15^ | 3 |
| JPMorgan Chase Bank, N.A. | 15^ | 12 |
| JPMorgan Chase Bank, N.A. | 15^ | 10 |
| Morgan Stanley | 15^ | 117.583 |
| JPMorgan Chase Bank, N.A. | 15^ | 20 |
| Morgan Stanley | 15^ | 117 |
| UBS | 15^ | 25 |
| JPMorgan Chase Bank, N.A. | 15^ | 117.583 |
| JPMorgan Chase Bank, N.A. | 15^ | 5 |
| Morgan Stanley | 14.5 | 25 |
| Goldman Sachs | 14.5 | 15 |
| Citibank | 14.5 | 6 |
| Goldman Sachs | 14.375 | 10 |
| Deutsche Bank AG | 14.25 | 6.135 |
| Deutsche Bank AG | 14.25 | 62 |
| Goldman Sachs | 14.25 | 117.583 |
| Deutsche Bank AG** | 14 | 2 |
| The Royal Bank of Scotland** | 14 | 2 |
| Citibank** | 14 | 2 |
| JPMorgan Chase Bank, N.A. | 14 | 10 |
| Barclays | 14 | 10 |
| Barclays | 13.75 | 25 |
| Barclays | 13.5 | 25 |
| Goldman Sachs** | 13 | 2 |
| UBS** | 13 | 2 |
| BNP Paribas** | 13 | 2 |
| Deutsche Bank AG | 13 | 47 |
| JPMorgan Chase Bank, N.A.** | 13 | 2 |
| Bank of America / Merrill Lynch** | 12.5 | 2 |
| Credit Suisse** | 12.5 | 2 |
| Morgan Stanley** | 12.5 | 2 |
| Barclays** | 12.5 | 2 |
| Barclays | 12 | 10 |
| JPMorgan Chase Bank, N.A. | 12 | 25 |
| Citibank | 12 | 10 |
| Barclays | 10.125 | 25 |
| Credit Suisse | 10 | 5 |
| Barclays | 9.125 | 25 |
| Citibank | 9 | 20 |
| Credit Suisse | 8 | 5 |
| The Royal Bank of Scotland | 7 | 10 |
| Credit Suisse | 6 | 5 |
| Citibank | 5 | 100 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
Back to top