Lyondell Auction Results, 3rd February 2009
Lyondell
CDS
Final Price: 15.5
Lyondell
LCDS
Final Price: 20.75
Final Results of the Lyondell CDS Auction, 3rd February 2009
Final Price: 15.5
On 3rd February 2009, 11 dealers submitted inside markets, physical settlement requests and limit orders to the Lyondell auction administered by Creditex and S&P Global to settle trades across the market referencing Lyondell Chemical Company .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities, LLC | 22.75 | 24.75 | Banc of America Securities, LLC |
| Barclays Bank PLC | 22 | 24 | Barclays Bank PLC |
| BNP Paribas | 23 | 25 | BNP Paribas |
| Citigroup Global Markets Inc. | 22.125 | 24.125 | Citigroup Global Markets Inc. |
| Credit Suisse International | 22.25 | 24.25 | Credit Suisse International |
| Deutsche Bank AG | 22 | 24 | Deutsche Bank AG |
| Goldman Sachs & Co. | 21 | 23 | Goldman Sachs & Co. |
| J.P. Morgan Securities Inc. | 21.5 | 23.5 | J.P. Morgan Securities Inc. |
| Morgan Stanley & Co. Incorporated | 22.5 | 24.5 | Morgan Stanley & Co. Incorporated |
| The Royal Bank of Scotland PLC | 22.5 | 24.5 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 24 | 26 | UBS Securities LLC |
Inside Market Midpoint: 23.25
Adjustment Amounts
UBS Securities LLC: $22,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 0 |
| Banc of America Securities, LLC | Offer | 0 |
| Barclays Bank PLC | Offer | 20 |
| Citigroup Global Markets Inc. | Offer | 32.583 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs & Co. | Offer | 30 |
| J.P. Morgan Securities Inc. | Offer | 11 |
| Morgan Stanley & Co. Incorporated | Offer | 44 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities LLC | Offer | 5.655 |
Net Open Interest: $143.238 million to sell
| Sum of Buy Physical Requests | $0.0m |
| Sum of Sell Physical Requests | $143.238m |
| Sum of Physical Request Trades | $0.0m |
| Sum of Limit Order Trades | $143.238m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Morgan Stanley & Co. Incorporated | 23.5* | 13 |
| UBS Securities LLC** | 23.25* | 3 |
| Barclays Bank PLC | 23.25* | 40 |
| BNP Paribas** | 23* | 3 |
| Banc of America Securities, LLC** | 22.75* | 3 |
| The Royal Bank of Scotland PLC** | 22.5* | 3 |
| Morgan Stanley & Co. Incorporated** | 22.5* | 3 |
| Credit Suisse International** | 22.25* | 3 |
| Citigroup Global Markets Inc.** | 22.125* | 3 |
| Deutsche Bank AG** | 22* | 3 |
| Barclays Bank PLC** | 22* | 3 |
| J.P. Morgan Securities Inc.** | 21.5* | 3 |
| Goldman Sachs & Co.** | 21* | 3 |
| Morgan Stanley & Co. Incorporated | 20.25* | 5 |
| UBS Securities LLC | 18.5* | 2 |
| Deutsche Bank AG | 17* | 1 |
| Credit Suisse International | 17* | 25 |
| Citigroup Global Markets Inc. | 17* | 10 |
| Citigroup Global Markets Inc. | 16.5* | 5 |
| Citigroup Global Markets Inc. | 16* | 5 |
| Citigroup Global Markets Inc. | 15.5^ | 5 |
| Morgan Stanley & Co. Incorporated | 15.25 | 5 |
| Citigroup Global Markets Inc. | 15 | 7.5 |
| Deutsche Bank AG | 15 | 25 |
| Citigroup Global Markets Inc. | 14.5 | 7.5 |
| Citigroup Global Markets Inc. | 14 | 7.5 |
| Citigroup Global Markets Inc. | 13.5 | 7.5 |
| Citigroup Global Markets Inc. | 13 | 7.5 |
| Citigroup Global Markets Inc. | 12.5 | 7.5 |
| Citigroup Global Markets Inc. | 12.125 | 10 |
| Citigroup Global Markets Inc. | 12 | 7.5 |
| Citigroup Global Markets Inc. | 11.5 | 7.5 |
| Citigroup Global Markets Inc. | 11 | 7.5 |
| Citigroup Global Markets Inc. | 10.5 | 7.5 |
| Citigroup Global Markets Inc. | 10.5 | 23 |
| Morgan Stanley & Co. Incorporated | 10.25 | 10 |
| Deutsche Bank AG | 10 | 15 |
| Citigroup Global Markets Inc. | 10 | 7.5 |
| Deutsche Bank AG | 10 | 10 |
| Citigroup Global Markets Inc. | 9.5 | 7.5 |
| Citigroup Global Markets Inc. | 9 | 7.5 |
| Citigroup Global Markets Inc. | 8.875 | 17 |
| Credit Suisse International | 8 | 10 |
| Citigroup Global Markets Inc. | 7.75 | 8 |
| Goldman Sachs & Co. | 5 | 143.238 |
| Credit Suisse International | 2 | 20 |
| J.P. Morgan Securities Inc. | 1.5 | 35 |
| J.P. Morgan Securities Inc. | 1 | 100 |
| The Royal Bank of Scotland PLC | 1 | 17 |
** 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 Lyondell LCDS Auction, 3rd February 2009
Final Price: 20.75
On 3rd February 2009, 9 dealers submitted inside markets, physical settlement requests and limit orders to the Lyondell auction administered by Creditex and S&P Global to settle trades across the market referencing Lyondell Chemical Company .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 20.25 | 23.25 | Bank of America, N.A. |
| Barclays Bank PLC | 21 | 24 | Barclays Bank PLC |
| Citigroup Global Markets Inc. | 22.125 | 25.125 | Citigroup Global Markets Inc. |
| Credit Suisse International | 23.5 | 26.5 | Credit Suisse International |
| Deutsche Bank AG | 22 | 24 | Deutsche Bank AG |
| Goldman Sachs Credit Partners, L.P. | 20 | 23 | Goldman Sachs Credit Partners, L.P. |
| J.P. Morgan Securities Inc. | 21.5 | 24.5 | J.P. Morgan Securities Inc. |
| Morgan Stanley Senior Funding, Inc. | 22 | 25 | Morgan Stanley Senior Funding, Inc. |
| UBS Securities LLC | 23.5 | 26.5 | UBS Securities LLC |
Inside Market Midpoint: 23.125
Adjustment Amounts
Credit Suisse International: $7,500
UBS Securities LLC: $7,500
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, N.A. | Offer | 18 |
| Barclays Bank PLC | Offer | 5 |
| Citigroup Global Markets Inc. | Offer | 5 |
| Credit Suisse International | Offer | 5 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs Credit Partners, L.P. | Offer | 20 |
| J.P. Morgan Securities Inc. | Offer | 0 |
| Morgan Stanley Senior Funding, Inc. | Offer | 45 |
| UBS Securities LLC | Offer | 40 |
Net Open Interest: $138 million to sell
| Sum of Buy Physical Requests | $0m |
| Sum of Sell Physical Requests | $138.0m |
| Sum of Physical Request Trades | $0 |
| Sum of Limit Order Trades | $138.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Credit Suisse International** | 23.125* | 2 |
| UBS Securities LLC** | 23.125* | 2 |
| Barclays Bank PLC | 23.125* | 5 |
| Morgan Stanley Senior Funding, Inc. | 23* | 25 |
| Citigroup Global Markets Inc.** | 22.125* | 2 |
| Deutsche Bank AG** | 22* | 2 |
| Morgan Stanley Senior Funding, Inc.** | 22* | 2 |
| Morgan Stanley Senior Funding, Inc. | 21.75* | 50 |
| Goldman Sachs Credit Partners, L.P. | 21.75* | 5 |
| J.P. Morgan Securities Inc.** | 21.5* | 2 |
| Barclays Bank PLC | 21.5* | 10 |
| UBS Securities LLC | 21.5* | 5 |
| Goldman Sachs Credit Partners, L.P. | 21.25* | 10 |
| UBS Securities LLC | 21.125* | 5 |
| Barclays Bank PLC** | 21* | 2 |
| Goldman Sachs Credit Partners, L.P. | 21* | 5 |
| Goldman Sachs Credit Partners, L.P. | 20.75^ | 5 |
| UBS Securities LLC | 20.625 | 5 |
| Bank of America, N.A. | 20.5 | 10 |
| Bank of America, N.A.** | 20.25 | 2 |
| Goldman Sachs Credit Partners, L.P. | 20.25 | 5 |
| Goldman Sachs Credit Partners, L.P.** | 20 | 2 |
| Deutsche Bank AG | 20 | 10 |
| Goldman Sachs Credit Partners, L.P. | 20 | 10 |
| J.P. Morgan Securities Inc. | 20 | 5 |
| Morgan Stanley Senior Funding, Inc. | 19.75 | 10 |
| Goldman Sachs Credit Partners, L.P. | 19.25 | 10 |
| Goldman Sachs Credit Partners, L.P. | 19 | 10 |
| Credit Suisse International | 18.5 | 25 |
| J.P. Morgan Securities Inc. | 18 | 5 |
| Goldman Sachs Credit Partners, L.P. | 18 | 10 |
| Morgan Stanley Senior Funding, Inc. | 18 | 100 |
| Credit Suisse International | 18 | 10 |
| Goldman Sachs Credit Partners, L.P. | 17.5 | 10 |
| Credit Suisse International | 17.5 | 25 |
| Citigroup Global Markets Inc. | 16.75 | 10 |
| Goldman Sachs Credit Partners, L.P. | 16 | 10 |
| Morgan Stanley Senior Funding, Inc. | 15.25 | 10 |
| J.P. Morgan Securities Inc. | 15 | 10 |
| Goldman Sachs Credit Partners, L.P. | 15 | 10 |
| Deutsche Bank AG | 15 | 10 |
| Citigroup Global Markets Inc. | 14.375 | 15 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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