Japan Airlines Corporation Auction Results, 22 April 2010
Final Results of the Japan Airlines Corporation CDS Auction, 22 April 2010
Final Price: 20
On 22 April 2010, 14 dealers submitted inside markets, physical settlement requests and limit orders to the Japan Airlines Corporation auction administered by Creditex and S&P Global to settle trades across the market referencing Japan Airlines Corporation.
The Japan Airlines Corporation Deliverable Obligations are denominated in JPY.
| Relevant Currency |
|---|
| JPY |
| Auction Currency Rates | |
|---|---|
| JPY/JPY | 1.00000 |
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Barclays Capital Japan Limited | 14.5 | 18.5 | Barclays Capital Japan Limited |
| BNP Paribas Securities (Japan) Limited, Tokyo Branch | 16 | 20 | BNP Paribas Securities (Japan) Limited, Tokyo Branch |
| Citigroup Global Markets Japan Inc. | 16 | 20 | Citigroup Global Markets Japan Inc. |
| Credit Suisse Securities (Japan) Limited | 18.5 | 22.5 | Credit Suisse Securities (Japan) Limited |
| Deutsche Bank AG | 16.5 | 20.5 | Deutsche Bank AG |
| Goldman Sachs International | 16 | 20 | Goldman Sachs International |
| JPM Securities Japan Co., Ltd. | 18 | 22 | JPM Securities Japan Co., Ltd. |
| Merrill Lynch Japan Securities Co., LTD. | 17 | 21 | Merrill Lynch Japan Securities Co., LTD. |
| Mitsubishi UFJ Securities Co., Ltd. | 13 | 17 | Mitsubishi UFJ Securities Co., Ltd. |
| Mizuho Securities Co., Ltd. | 15 | 19 | Mizuho Securities Co., Ltd. |
| Morgan Stanley Japan Securities Co., Ltd. | 15 | 19 | Morgan Stanley Japan Securities Co., Ltd. |
| The Hongkong and Shanghai Banking Corporation Limited | 16 | 20 | The Hongkong and Shanghai Banking Corporation Limited |
| The Royal Bank of Scotland PLC | 16 | 20 | The Royal Bank of Scotland PLC |
| UBS Securities Japan Ltd | 16 | 20 | UBS Securities Japan Ltd |
Inside Market Midpoint: 18
Adjustment Amounts
Credit Suisse Securities (Japan) Limited: JPY 1,000,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| BNP Paribas Securities (Japan) Limited, Tokyo Branch | Offer | 500 |
| Barclays Capital Japan Limited | Offer | 0 |
| Citigroup Global Markets Japan Inc. | Offer | 0 |
| Credit Suisse Securities (Japan) Limited | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| Goldman Sachs International | Offer | 0 |
| The Hongkong and Shanghai Banking Corporation Limited | Offer | 0 |
| JPM Securities Japan Co., Ltd. | Offer | 0 |
| Mitsubishi UFJ Securities Co., Ltd. | Offer | 0 |
| Mizuho Securities Co., Ltd. | Offer | 0 |
| Morgan Stanley Japan Securities Co., Ltd. | Offer | 0 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities Japan Ltd | Offer | 0 |
| Merrill Lynch Japan Securities Co., LTD. | Bid | 200 |
Net Open Interest: JPY 300 million to sell
| Sum of Buy Physical Requests | JPY 200m |
| Sum of Sell Physical Requests | JPY 500m |
| Sum of Physical Request Trades | JPY 200m |
| Sum of Limit Order Trades | JPY 300m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Merrill Lynch Japan Securities Co., LTD. | 20* | 300 |
| JPM Securities Japan Co., Ltd. | 19.5 | 300 |
| Credit Suisse Securities (Japan) Limited** | 18 | 200 |
| JPM Securities Japan Co., Ltd.** | 18 | 200 |
| Merrill Lynch Japan Securities Co., LTD.** | 17 | 200 |
| Deutsche Bank AG** | 16.5 | 200 |
| Goldman Sachs International | 16 | 300 |
| UBS Securities Japan Ltd** | 16 | 200 |
| Goldman Sachs International** | 16 | 200 |
| The Hongkong and Shanghai Banking Corporation Limited** | 16 | 200 |
| The Royal Bank of Scotland PLC** | 16 | 200 |
| Citigroup Global Markets Japan Inc.** | 16 | 200 |
| BNP Paribas Securities (Japan) Limited, Tokyo Branch** | 16 | 200 |
| The Royal Bank of Scotland PLC | 15 | 300 |
| Morgan Stanley Japan Securities Co., Ltd.** | 15 | 200 |
| Mizuho Securities Co., Ltd.** | 15 | 200 |
| Barclays Capital Japan Limited** | 14.5 | 200 |
| BNP Paribas Securities (Japan) Limited, Tokyo Branch | 14 | 300 |
| Morgan Stanley Japan Securities Co., Ltd. | 13 | 300 |
| Mitsubishi UFJ Securities Co., Ltd.** | 13 | 200 |
| UBS Securities Japan Ltd | 10 | 300 |
| Deutsche Bank AG | 5 | 300 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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