General Motors Auction Results, 12th June 2009
General Motors CDS
Final Price: 12.5
General Motors LCDS
Final Price: 97.5
Final Results of the General Motors CDS Auction, 12th June 2009
Final Price: 12.5
On 12th June 2009, 13 dealers submitted inside markets, physical settlement requests and limit orders to the General Motors auction administered by Creditex and S&P Global to settle trades across the market referencing General Motors Corporation.
The General Motors Deliverable Obligations are denominated in EUR, GBP and USD.
| Relevant Currency |
|---|
| USD |
| Auction Currency Rates | |
|---|---|
| USD/EUR | 1.40715 |
| USD/GBP | 1.65200 |
| USD/USD | 1.00000 |
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America / Merrill Lynch | 10.25 | 12.25 | Bank of America / Merrill Lynch |
| Barclays | 10 | 12 | Barclays |
| BNP Paribas | 11 | 13 | BNP Paribas |
| Citibank | 9.75 | 11.75 | Citibank |
| Credit Suisse | 8.5 | 10.5 | Credit Suisse |
| Deutsche Bank AG | 10 | 12 | Deutsche Bank AG |
| Goldman Sachs | 9 | 11 | Goldman Sachs |
| HSBC Bank | 11 | 13 | HSBC Bank |
| JPMorgan Chase Bank, N.A. | 8.75 | 10.75 | JPMorgan Chase Bank, N.A. |
| Morgan Stanley | 9 | 11 | Morgan Stanley |
| The Royal Bank of Scotland | 12 | 14 | The Royal Bank of Scotland |
| Societe Generale | 10.25 | 12.25 | Societe Generale |
| UBS | 10.5 | 12.5 | UBS |
Inside Market Midpoint: 11
Adjustment Amounts
Credit Suisse: $25,000
JPMorgan Chase Bank, N.A.: $12,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Credit Suisse | Offer | 407 |
| HSBC Bank | Offer | 0 |
| Morgan Stanley | Offer | 18 |
| UBS | Offer | 40 |
| BNP Paribas | Bid | 9.9 |
| Bank of America / Merrill Lynch | Bid | 21.146 |
| Barclays | Bid | 86.779 |
| Citibank | Bid | 126 |
| Deutsche Bank AG | Bid | 108.635 |
| Goldman Sachs | Bid | 144.2 |
| JPMorgan Chase Bank, N.A. | Bid | 237.438 |
| The Royal Bank of Scotland | Bid | 240 |
| Societe Generale | Bid | 20 |
Net Open Interest: $529.098 million to buy
| Sum of Buy Physical Requests | $994.098m |
| Sum of Sell Physical Requests | $465.000m |
| Sum of Physical Request Trades | $465.000m |
| Sum of Limit Order Trades | $529.098m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| Goldman Sachs | 10* | 1 |
| Credit Suisse** | 11* | 5 |
| Morgan Stanley** | 11* | 5 |
| BNP Paribas | 11* | 11.96 |
| JPMorgan Chase Bank, N.A.** | 11* | 5 |
| Goldman Sachs** | 11* | 5 |
| Deutsche Bank AG | 11* | 5 |
| Citibank** | 11.75* | 5 |
| Barclays | 11.875* | 25 |
| Deutsche Bank AG | 11.875* | 25 |
| Citibank | 12* | 60 |
| Deutsche Bank AG** | 12* | 5 |
| Barclays** | 12* | 5 |
| Barclays | 12* | 25 |
| Citibank | 12* | 50 |
| Deutsche Bank AG | 12* | 25 |
| Citibank | 12.125* | 50 |
| Bank of America / Merrill Lynch** | 12.25* | 5 |
| Citibank | 12.25* | 50 |
| Goldman Sachs | 12.25* | 25 |
| Societe Generale** | 12.25* | 5 |
| Citibank | 12.375* | 50 |
| Goldman Sachs | 12.375* | 25 |
| Citibank | 12.5^ | 50 |
| Credit Suisse | 12.5^ | 4 |
| UBS** | 12.5^ | 5 |
| Citibank | 12.625 | 75 |
| Citibank | 12.75 | 130 |
| Citibank | 12.875 | 75 |
| Deutsche Bank AG | 12.875 | 25 |
| Citibank | 13 | 50 |
| BNP Paribas** | 13 | 5 |
| HSBC Bank** | 13 | 5 |
| Barclays | 13 | 50 |
| Barclays | 13 | 25 |
| Credit Suisse | 13 | 30 |
| Morgan Stanley | 13 | 40 |
| JPMorgan Chase Bank, N.A. | 13 | 25 |
| Bank of America / Merrill Lynch | 13 | 200 |
| Goldman Sachs | 13 | 25 |
| Deutsche Bank AG | 13 | 15.621 |
| Deutsche Bank AG | 13 | 50 |
| JPMorgan Chase Bank, N.A. | 13.25 | 35 |
| Goldman Sachs | 13.375 | 25 |
| JPMorgan Chase Bank, N.A. | 13.5 | 50 |
| Goldman Sachs | 13.5 | 8 |
| Deutsche Bank AG | 13.5 | 25 |
| Deutsche Bank AG | 13.5 | 25 |
| Goldman Sachs | 13.625 | 25 |
| JPMorgan Chase Bank, N.A. | 13.75 | 25 |
| Goldman Sachs | 13.75 | 25 |
| Bank of America / Merrill Lynch | 13.875 | 5 |
| Goldman Sachs | 14 | 25 |
| Bank of America / Merrill Lynch | 14 | 100 |
| Bank of America / Merrill Lynch | 14 | 33.507 |
| Bank of America / Merrill Lynch | 14 | 35.325 |
| JPMorgan Chase Bank, N.A. | 14 | 19.621 |
| JPMorgan Chase Bank, N.A. | 14 | 25 |
| Morgan Stanley | 14 | 20 |
| Credit Suisse | 14 | 10 |
| Barclays | 14 | 25 |
| The Royal Bank of Scotland** | 14 | 5 |
| Deutsche Bank AG | 14 | 16.278 |
| Deutsche Bank AG | 14 | 25 |
| Deutsche Bank AG | 14 | 12.5 |
| Deutsche Bank AG | 14 | 28 |
| Deutsche Bank AG | 14 | 25 |
| Goldman Sachs | 14.25 | 5 |
| JPMorgan Chase Bank, N.A. | 14.25 | 25 |
| Goldman Sachs | 14.5 | 5 |
| JPMorgan Chase Bank, N.A. | 14.5 | 25 |
| Morgan Stanley | 14.5 | 100 |
| Deutsche Bank AG | 14.5 | 75 |
| Bank of America / Merrill Lynch | 14.625 | 10 |
| Bank of America / Merrill Lynch | 14.75 | 100 |
| Credit Suisse | 15 | 0.772 |
| JPMorgan Chase Bank, N.A. | 15 | 25 |
| Bank of America / Merrill Lynch | 15 | 14.864 |
| Barclays | 15 | 50 |
| Bank of America / Merrill Lynch | 15 | 150 |
| Bank of America / Merrill Lynch | 15 | 100 |
| JPMorgan Chase Bank, N.A. | 15 | 6.229 |
| Morgan Stanley | 15.25 | 150 |
| Goldman Sachs | 15.25 | 12.5 |
| Goldman Sachs | 15.25 | 100 |
| Deutsche Bank AG | 15.25 | 10 |
| Citibank | 15.5 | 100 |
| Deutsche Bank AG | 15.75 | 7.75 |
| Goldman Sachs | 16 | 1.985 |
| Citibank | 16 | 22 |
| Morgan Stanley | 16 | 20 |
| Bank of America / Merrill Lynch | 16 | 100 |
| Bank of America / Merrill Lynch | 16 | 17.635 |
| Deutsche Bank AG | 16 | 5 |
| The Royal Bank of Scotland | 17 | 21 |
| Barclays | 17.5 | 50 |
| Morgan Stanley | 19 | 20 |
| Morgan Stanley | 20 | 6.1 |
| Societe Generale | 20 | 20 |
| Goldman Sachs | 20 | 11.3 |
| Credit Suisse | 20 | 0.075 |
| Morgan Stanley | 20 | 7 |
** 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 General Motors LCDS Auction, 12th June 2009
Final Price: 97.5
On 12th June 2009, 10 dealers submitted inside markets, physical settlement requests and limit orders to the General Motors auction administered by Creditex and S&P Global to settle trades across the market referencing General Motors Corporation.
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 94 | 97 | Bank of America, N.A. |
| Barclays Bank PLC | 96.5 | 98.5 | Barclays Bank PLC |
| Citigroup Global Markets Inc. | 96 | 99 | Citigroup Global Markets Inc. |
| Credit Suisse International | 95.5 | 98.5 | Credit Suisse International |
| Deutsche Bank AG | 94.5 | 97.5 | Deutsche Bank AG |
| Goldman Sachs Lending Partners, L.P. | 96.5 | 99.5 | Goldman Sachs Lending Partners, L.P. |
| J.P. Morgan Securities, Inc. | 96.5 | 99.5 | J.P. Morgan Securities, Inc. |
| Morgan Stanley Senior Funding, Inc. | 96.5 | 99.5 | Morgan Stanley Senior Funding, Inc. |
| The Royal Bank of Scotland PLC | 96.375 | 98.375 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 96 | 99 | UBS Securities LLC |
Inside Market Midpoint: 97.25
Adjustment Amounts
No adjustment amounts.
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, N.A. | Offer | 93 |
| Barclays Bank PLC | Offer | 0 |
| Citigroup Global Markets Inc. | Offer | 0 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs Lending Partners, L.P. | Offer | 0 |
| Morgan Stanley Senior Funding, Inc. | Offer | 14 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities LLC | Offer | 0 |
| J.P. Morgan Securities, Inc. | Bid | 61 |
Net Open Interest: $46 million to sell
| Sum of Buy Physical Requests | $61.0m |
| Sum of Sell Physical Requests | $107.0m |
| Sum of Physical Request Trades | $61.0m |
| Sum of Limit Order Trades | $46.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| J.P. Morgan Securities, Inc. | 97.5* | 46 |
| Barclays Bank PLC | 97 | 5 |
| Citigroup Global Markets Inc. | 97 | 10 |
| Citigroup Global Markets Inc. | 96.75 | 10 |
| J.P. Morgan Securities, Inc.** | 96.5 | 2 |
| Morgan Stanley Senior Funding, Inc.** | 96.5 | 2 |
| Barclays Bank PLC | 96.5 | 10 |
| Barclays Bank PLC** | 96.5 | 2 |
| Goldman Sachs Lending Partners, L.P.** | 96.5 | 2 |
| The Royal Bank of Scotland PLC** | 96.375 | 2 |
| Citigroup Global Markets Inc.** | 96 | 2 |
| UBS Securities LLC** | 96 | 2 |
| Barclays Bank PLC | 96 | 25 |
| Deutsche Bank AG | 95.5 | 34 |
| Credit Suisse International** | 95.5 | 2 |
| Morgan Stanley Senior Funding, Inc. | 95.5 | 5 |
| Citigroup Global Markets Inc. | 95.125 | 15 |
| Barclays Bank PLC | 95 | 46 |
| Deutsche Bank AG | 95 | 12 |
| Credit Suisse International | 95 | 5 |
| Morgan Stanley Senior Funding, Inc. | 94.5 | 10 |
| Deutsche Bank AG** | 94.5 | 2 |
| Bank of America, N.A.** | 94 | 2 |
| Credit Suisse International | 93 | 5 |
| Citigroup Global Markets Inc. | 93 | 10 |
| Morgan Stanley Senior Funding, Inc. | 90 | 25 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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