Rouse Auction Results, 15th April 2009
Final Results of the Rouse CDS Auction, 15th April 2009
Final Price: 29.25
On 15th April 2009, 11 dealers submitted inside markets, physical settlement requests and limit orders to the Rouse auction administered by Creditex and S&P Global to settle trades across the market referencing The Rouse Company LP.
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities LLC | 27.5 | 29.5 | Banc of America Securities LLC |
| Barclays Bank PLC | 33 | 35 | Barclays Bank PLC |
| BNP Paribas | 27.75 | 29.75 | BNP Paribas |
| Citigroup Global Markets Inc. | 27.5 | 29.5 | Citigroup Global Markets Inc. |
| Credit Suisse International | 27.5 | 29 | Credit Suisse International |
| Deutsche Bank AG | 24 | 26 | Deutsche Bank AG |
| Goldman Sachs & Co. | 26.5 | 28.5 | Goldman Sachs & Co. |
| J.P. Morgan Securities Inc. | 26.5 | 28.5 | J.P. Morgan Securities Inc. |
| Morgan Stanley & Co. Incorporated | 28 | 30 | Morgan Stanley & Co. Incorporated |
| The Royal Bank of Scotland PLC | 27 | 29 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 27 | 29 | UBS Securities LLC |
Inside Market Midpoint: 28.25
Adjustment Amounts
Barclays Bank PLC: $95,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas | Offer | 11.5 |
| Banc of America Securities LLC | Offer | 18.75 |
| Barclays Bank PLC | Offer | 0 |
| Citigroup Global Markets Inc. | Offer | 0 |
| Credit Suisse International | Offer | 11 |
| Deutsche Bank AG | Offer | 4 |
| Goldman Sachs & Co. | Offer | 2 |
| J.P. Morgan Securities Inc. | Offer | 13 |
| The Royal Bank of Scotland PLC | Offer | 25.635 |
| Morgan Stanley & Co. Incorporated | Bid | 6 |
| UBS Securities LLC | Bid | 71.3 |
Net Open Interest: $8.585 million to sell
| Sum of Buy Physical Requests | $77.300m |
| Sum of Sell Physical Requests | $85.885m |
| Sum of Physical Request Trades | $77.300m |
| Sum of Limit Order Trades | $8.585m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Citigroup Global Markets Inc. | 29.25^ | 4.5 |
| Barclays Bank PLC | 29.25^ | 2 |
| Barclays Bank PLC | 29.25^ | 2 |
| Barclays Bank PLC | 29.25^ | 2 |
| Barclays Bank PLC | 29.25^ | 2 |
| Banc of America Securities LLC | 29.25^ | 8.585 |
| Citigroup Global Markets Inc. | 29.25^ | 4 |
| Credit Suisse International | 29.25^ | 3 |
| Deutsche Bank AG | 29.25^ | 8.585 |
| Morgan Stanley & Co. Incorporated | 29.25^ | 8.5 |
| Morgan Stanley & Co. Incorporated | 29.25^ | 8.5 |
| Goldman Sachs & Co. | 29.25^ | 8.585 |
| Credit Suisse International | 29.25^ | 8.58 |
| J.P. Morgan Securities Inc. | 29.25^ | 8.585 |
| Barclays Bank PLC** | 28.25 | 2 |
| Morgan Stanley & Co. Incorporated** | 28 | 2 |
| BNP Paribas** | 27.75 | 2 |
| Credit Suisse International** | 27.5 | 2 |
| Citigroup Global Markets Inc.** | 27.5 | 2 |
| Banc of America Securities LLC** | 27.5 | 2 |
| The Royal Bank of Scotland PLC** | 27 | 2 |
| UBS Securities LLC** | 27 | 2 |
| J.P. Morgan Securities Inc.** | 26.5 | 2 |
| Goldman Sachs & Co.** | 26.5 | 2 |
| Deutsche Bank AG** | 24 | 2 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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