Idearc Auction Results, 23rd April 2009
Idearc CDS
Final Price: 1.75
Idearc LCDS
Final Price: 38.5
Final Results of the Idearc CDS Auction, 23rd April 2009
Final Price: 1.75
On 23rd April 2009, 12 dealers submitted inside markets, physical settlement requests and limit orders to the Idearc auction administered by Creditex and S&P Global to settle trades across the market referencing Idearc Inc..
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities LLC | 1.25 | 2.75 | Banc of America Securities LLC |
| Barclays Bank PLC | 0.25 | 2.25 | Barclays Bank PLC |
| BNP Paribas | 0.5 | 2.5 | BNP Paribas |
| Citigroup Global Markets Inc. | 0.125 | 2.125 | Citigroup Global Markets Inc. |
| Credit Suisse International | 0.5 | 2.5 | Credit Suisse International |
| Deutsche Bank AG | 0.5 | 1.5 | Deutsche Bank AG |
| Goldman Sachs & Co. | 1 | 2 | Goldman Sachs & Co. |
| HSBC Bank USA | 0.5 | 2.5 | HSBC Bank USA |
| J.P. Morgan Securities Inc. | 1 | 3 | J.P. Morgan Securities Inc. |
| Morgan Stanley & Co. Incorporated | 0.25 | 2.25 | Morgan Stanley & Co. Incorporated |
| The Royal Bank of Scotland PLC | 0.75 | 2.75 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 0 | 2 | UBS Securities LLC |
Inside Market Midpoint: 1.375
Adjustment Amounts
No adjustment amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Banc of America Securities LLC | Offer | 55 |
| Barclays Bank PLC | Offer | 303.065 |
| Citigroup Global Markets Inc. | Offer | 380 |
| Credit Suisse International | Offer | 6.122 |
| Deutsche Bank AG | Offer | 56.85 |
| Goldman Sachs & Co. | Offer | 10.5 |
| J.P. Morgan Securities Inc. | Offer | 0 |
| Morgan Stanley & Co. Incorporated | Offer | 90 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities LLC | Offer | 3.52 |
| BNP Paribas | Bid | 13 |
| HSBC Bank USA | Bid | 2.5 |
Net Open Interest: $889.557 million to sell
| Sum of Buy Physical Requests | $15.500m |
| Sum of Sell Physical Requests | $905.057m |
| Sum of Physical Request Trades | $15.500m |
| Sum of Limit Order Trades | $889.557m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Goldman Sachs & Co. | 2.375* | 150 |
| Citigroup Global Markets Inc. | 2.375* | 250 |
| Barclays Bank PLC | 2.375* | 25 |
| J.P. Morgan Securities Inc. | 2.375* | 18.291 |
| Deutsche Bank AG | 2.375* | 123 |
| Banc of America Securities LLC | 2.125* | 5 |
| Deutsche Bank AG | 2.125* | 20 |
| Citigroup Global Markets Inc. | 2* | 20 |
| Morgan Stanley & Co. Incorporated | 2* | 20 |
| Deutsche Bank AG | 2* | 22 |
| Banc of America Securities LLC | 2* | 10 |
| Barclays Bank PLC | 2* | 25 |
| Banc of America Securities LLC | 1.875* | 10 |
| Deutsche Bank AG | 1.75^ | 20 |
| Barclays Bank PLC | 1.75^ | 75 |
| Goldman Sachs & Co. | 1.75^ | 200 |
| Banc of America Securities LLC | 1.75^ | 100 |
| Banc of America Securities LLC | 1.75^ | 50 |
| Morgan Stanley & Co. Incorporated | 1.75^ | 20 |
| Deutsche Bank AG | 1.625 | 50 |
| Banc of America Securities LLC | 1.625 | 25 |
| Deutsche Bank AG | 1.625 | 100 |
| Morgan Stanley & Co. Incorporated | 1.625 | 839.557 |
| J.P. Morgan Securities Inc. | 1.5 | 75 |
| Deutsche Bank AG | 1.5 | 889.557 |
| Morgan Stanley & Co. Incorporated | 1.5 | 50 |
| Morgan Stanley & Co. Incorporated | 1.5 | 30 |
| Morgan Stanley & Co. Incorporated | 1.5 | 75 |
| Citigroup Global Markets Inc. | 1.5 | 20 |
| Deutsche Bank AG | 1.5 | 20 |
| The Royal Bank of Scotland PLC | 1.5 | 50 |
| Barclays Bank PLC | 1.5 | 50 |
| Barclays Bank PLC | 1.5 | 50 |
| Goldman Sachs & Co. | 1.5 | 50 |
| Morgan Stanley & Co. Incorporated | 1.5 | 20 |
| Citigroup Global Markets Inc. | 1.5 | 50 |
| Morgan Stanley & Co. Incorporated | 1.5 | 5 |
| Barclays Bank PLC | 1.375 | 5 |
| Banc of America Securities LLC | 1.375 | 25 |
| The Royal Bank of Scotland PLC | 1.375 | 100 |
| J.P. Morgan Securities Inc. | 1.375 | 100 |
| J.P. Morgan Securities Inc. | 1.25 | 200 |
| Citigroup Global Markets Inc. | 1.25 | 100 |
| Barclays Bank PLC | 1.25 | 50 |
| Banc of America Securities LLC** | 1.25 | 2 |
| Banc of America Securities LLC | 1.25 | 25 |
| Goldman Sachs & Co. | 1.125 | 42 |
| Banc of America Securities LLC | 1.125 | 25 |
| Citigroup Global Markets Inc. | 1 | 20 |
| J.P. Morgan Securities Inc. | 1 | 335 |
| UBS Securities LLC | 1 | 5 |
| Goldman Sachs & Co.** | 1 | 2 |
| The Royal Bank of Scotland PLC | 1 | 75 |
| The Royal Bank of Scotland PLC | 1 | 25 |
| Morgan Stanley & Co. Incorporated | 1 | 20 |
| Barclays Bank PLC | 1 | 10 |
| Banc of America Securities LLC | 1 | 25 |
| J.P. Morgan Securities Inc.** | 1 | 2 |
| Barclays Bank PLC | 1 | 100 |
| Banc of America Securities LLC | 0.875 | 25 |
| Goldman Sachs & Co. | 0.875 | 100 |
| The Royal Bank of Scotland PLC** | 0.75 | 2 |
| UBS Securities LLC | 0.75 | 50 |
| Barclays Bank PLC | 0.75 | 250 |
| J.P. Morgan Securities Inc. | 0.75 | 595 |
| UBS Securities LLC | 0.75 | 15 |
| The Royal Bank of Scotland PLC | 0.75 | 75 |
| Banc of America Securities LLC | 0.75 | 25 |
| Banc of America Securities LLC | 0.625 | 25 |
| Barclays Bank PLC | 0.5 | 50 |
| Barclays Bank PLC | 0.5 | 15 |
| UBS Securities LLC | 0.5 | 30 |
| Credit Suisse International** | 0.5 | 2 |
| Citigroup Global Markets Inc. | 0.5 | 25 |
| BNP Paribas** | 0.5 | 2 |
| HSBC Bank USA** | 0.5 | 2 |
| UBS Securities LLC | 0.5 | 50 |
| Barclays Bank PLC | 0.5 | 500 |
| Deutsche Bank AG** | 0.5 | 2 |
| Citigroup Global Markets Inc. | 0.5 | 500 |
| Citigroup Global Markets Inc. | 0.25 | 889 |
| Credit Suisse International | 0.25 | 250 |
| Goldman Sachs & Co. | 0.25 | 889 |
| Barclays Bank PLC** | 0.25 | 2 |
| UBS Securities LLC | 0.25 | 20 |
| Morgan Stanley & Co. Incorporated** | 0.25 | 2 |
| Citigroup Global Markets Inc.** | 0.125 | 2 |
| UBS Securities LLC** | 0 | 2 |
** 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 Idearc LCDS Auction, 23rd April 2009
Final Price: 38.5
On 23rd April 2009, 10 dealers submitted inside markets, physical settlement requests and limit orders to the Idearc auction administered by Creditex and S&P Global to settle trades across the market referencing Idearc Inc..
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 36 | 39 | Bank of America, N.A. |
| Barclays Bank PLC | 35 | 38 | Barclays Bank PLC |
| Citigroup Global Markets Inc. | 38 | 40 | Citigroup Global Markets Inc. |
| Credit Suisse International | 36.5 | 39.5 | Credit Suisse International |
| Deutsche Bank AG | 36.5 | 39.5 | Deutsche Bank AG |
| Goldman Sachs Loan Partners | 36 | 39 | Goldman Sachs Loan Partners |
| J.P. Morgan Securities, Inc. | 35.25 | 38.25 | J.P. Morgan Securities, Inc. |
| Morgan Stanley Senior Funding, Inc. | 37 | 39 | Morgan Stanley Senior Funding, Inc. |
| The Royal Bank of Scotland PLC | 36 | 39 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 34 | 37 | UBS Securities LLC |
Inside Market Midpoint: 37.5
Adjustment Amounts
Citigroup Global Markets Inc.: $10,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, N.A. | Offer | 10 |
| Barclays Bank PLC | Offer | 5 |
| Citigroup Global Markets Inc. | Offer | 0 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs Loan Partners | Offer | 0 |
| J.P. Morgan Securities, Inc. | Offer | 0 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities LLC | Offer | 0 |
| Morgan Stanley Senior Funding, Inc. | Bid | 5 |
Net Open Interest: $10 million to sell
| Sum of Buy Physical Requests | $5.0m |
| Sum of Sell Physical Requests | $15.0m |
| Sum of Physical Request Trades | $5.0m |
| Sum of Limit Order Trades | $10.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Barclays Bank PLC | 38.5^ | 10 |
| Morgan Stanley Senior Funding, Inc. | 38.5^ | 10 |
| Morgan Stanley Senior Funding, Inc. | 38 | 10 |
| Deutsche Bank AG | 37.5 | 10 |
| Goldman Sachs Loan Partners | 37.5 | 4 |
| Citigroup Global Markets Inc.** | 37.5 | 2 |
| Barclays Bank PLC | 37 | 5 |
| Morgan Stanley Senior Funding, Inc.** | 37 | 2 |
| Deutsche Bank AG** | 36.5 | 2 |
| Bank of America, N.A. | 36.5 | 5 |
| Credit Suisse International** | 36.5 | 2 |
| Bank of America, N.A. | 36.125 | 5 |
| Goldman Sachs Loan Partners** | 36 | 2 |
| Barclays Bank PLC | 36 | 5 |
| The Royal Bank of Scotland PLC** | 36 | 2 |
| Bank of America, N.A.** | 36 | 2 |
| J.P. Morgan Securities, Inc. | 35.5 | 10 |
| J.P. Morgan Securities, Inc.** | 35.25 | 2 |
| Barclays Bank PLC** | 35 | 2 |
| Barclays Bank PLC | 35 | 10 |
| UBS Securities LLC** | 34 | 2 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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