8th February 2008
Credit Event Auction Guide (pdf)
5th February 2008
Credit Event Auction for Quebecor World Inc. (pdf)
Creditex and Markit will be conducting the Credit Event Auction for Quebecor World Inc. on 19th February 2008. Please click on the link above to find the Protocol for the auction.
Quebecor CDS Credit Event Auction Results
Final Results of the Quebecor Auction, February 19 2008
Final Price: 41.25
On February 19, 2007, 13 dealers submitted inside markets, physical settlement requests and limit orders to the Quebecor auction administered by Creditex and Markit to settle trades across the market referencing Quebecor World, Inc.
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Banc of America Securities LLC | 41.625 | 43.625 | Banc of America Securities LLC |
| Barclays Bank PLC | 42 | 44 | Barclays Bank PLC |
| Bear, Stearns & Co. Inc. | 41.75 | 43.75 | Bear, Stearns & Co. Inc. |
| Citigroup Global Markets Inc | 40.875 | 42.875 | Citigroup Global Markets Inc |
| Credit Suisse Securities (USA) LLC | 40.5 | 42.5 | Credit Suisse Securities (USA) LLC |
| Deutsche Bank AG | 41.25 | 43.25 | Deutsche Bank AG |
| Goldman, Sachs and Co. | 41 | 43 | Goldman, Sachs and Co. |
| HSBC Bank USA, N.A. | 41.25 | 43.25 | HSBC Bank USA, N.A. |
| J.P. Morgan Securities Inc. | 40.75 | 42.75 | J.P. Morgan Securities Inc. |
| Lehman Brothers Inc | 41.25 | 43.25 | Lehman Brothers Inc |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | 40.625 | 42.625 | Merrill Lynch, Pierce, Fenner & Smith Incorporated |
| Morgan Stanley & Co Incorporated | 41 | 43 | Morgan Stanley & Co Incorporated |
| UBS Securities LLC | 41.125 | 43.125 | UBS Securities LLC |
Inside Market Midpoint: 42.125
Adjustment Amounts
Adjustment Amount: There are no adjustment amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Banc of America Securities LLC | Bid | 14 |
| Barclays Bank PLC | Bid | 2 |
| Goldman, Sachs and Co. | Bid | 3 |
| Morgan Stanley & Co Incorporated | Bid | 3 |
| Bear, Stearns & Co. Inc. | Offer | 0 |
| Citigroup Global Markets Inc | Offer | 11 |
| Credit Suisse Securities (USA) LLC | Offer | 0 |
| Deutsche Bank AG | Offer | 5 |
| HSBC Bank USA, N.A. | Offer | 0 |
| J.P. Morgan Securities Inc. | Offer | 25 |
| Lehman Brothers Inc | Offer | 10 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | Offer | 31 |
| UBS Securities LLC | Offer | 6 |
Net Open interest: $66 Million to sell
| Sum of Buy Physical Requests | $22m |
| Sum of Sell Physical Requests | $88m |
| Sum of Physical Request Trades | $22m |
| Sum of Limit Order Trades | $66m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Citigroup Global Markets Inc | 43.125* | 2 |
| J.P. Morgan Securities Inc. | 42.125* | 20 |
| Barclays Bank PLC** | 42* | 5 |
| Bear, Stearns & Co. Inc.** | 41.75* | 5 |
| Banc of America Securities LLC** | 41.625* | 5 |
| J.P. Morgan Securities Inc. | 41.5* | 10 |
| Morgan Stanley & Co Incorporated | 41.5* | 2 |
| Morgan Stanley & Co Incorporated | 41.375* | 5 |
| HSBC Bank USA, N.A.** | 41.25^ | 5 |
| Deutsche Bank AG** | 41.25^ | 5 |
| Lehman Brothers Inc** | 41.25^ | 5 |
| UBS Securities LLC** | 41.125 | 5 |
| Deutsche Bank AG | 41.125 | 1 |
| Lehman Brothers Inc | 41 | 20 |
| Goldman, Sachs and Co.** | 41 | 5 |
| Credit Suisse Securities (USA) LLC | 41 | 20 |
| Bear, Stearns & Co. Inc. | 41 | 20 |
| Morgan Stanley & Co Incorporated | 41 | 20 |
| Morgan Stanley & Co Incorporated** | 41 | 5 |
| Citigroup Global Markets Inc** | 40.875 | 5 |
| J.P. Morgan Securities Inc.** | 40.75 | 5 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated** | 40.625 | 5 |
| Credit Suisse Securities (USA) LLC** | 40.5 | 5 |
| J.P. Morgan Securities Inc. | 40 | 10 |
| Credit Suisse Securities (USA) LLC | 40 | 5 |
| Bear, Stearns & Co. Inc. | 40 | 5 |
| Banc of America Securities LLC | 39.625 | 1 |
| Banc of America Securities LLC | 39.25 | 1 |
| Credit Suisse Securities (USA) LLC | 38 | 5 |
| J.P. Morgan Securities Inc. | 37 | 10 |
| J.P. Morgan Securities Inc. | 35 | 10 |
** Limit Orders that were derived from inside markets
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
Back to Weekly iTraxx Fixings Creditex Group Inc.™ and Markit Group Limited™ ALL DATA PROVIDED AS IS, WITH NO WARRANTIES. All rights reserved. Data may not be reproduced or redistributed in any form, except as expressly authorized by Creditex Group Inc. or Markit Group Limited.