Final Results of the Petróleos de Venezuela, S.A. CDS Auction, 13 December 2017
Final Price: 17.625
On 13 December 2017, 9 dealers submitted initial markets, physical settlement requests and limit orders to the Petróleos de Venezuela, S.A. auction administered by Creditex and Markit to settle trades across the market referencing Petroleos de Venezuela, S.A..
Relevant Currency
USD
Auction Currency Rates
USD/USD 1.00000
The inputs and results are detailed below.
Dealer Initial Markets
Dealer Bid Offer Dealer
Bank of America 19.0 21.0 Bank of America
Barclays 17.25 19.25 Barclays
BNP Paribas 18.5 20.5 BNP Paribas
Citigroup 19.0 21.0 Citigroup
Credit Suisse 18.0 20.0 Credit Suisse
Deutsche Bank 17.75 19.75 Deutsche Bank
Goldman Sachs 17.25 19.25 Goldman Sachs
J.P. Morgan Securities LLC. 18.5 20.5 J.P. Morgan Securities LLC.
Societe Generale 18.5 20.5 Societe Generale
Initial Market Midpoint: 19.25
Adjustment Amounts
No Adjustment Amount
Physical Settlement Requests
Dealer Bid/Offer Size
Bank of America Offer 0.0
Barclays Offer 47.52
BNP Paribas Offer 0.0
Citigroup Offer 0.0
Credit Suisse Offer 30.0
Deutsche Bank Offer 0.0
Goldman Sachs Offer 28.4
J.P. Morgan Securities LLC. Offer 0.0
Societe Generale Offer 0.0
Net Open Interest: USD 105.92 million to sell
Sum of Buy Physical Requests 0.0m
Sum of Sell Physical Requests 105.92m
Sum of Physical Request Trades 0.0m
Sum of Limit Order Trades 105.92m
Limit Orders
Dealer Bid Size
Barclays 19.5* 21.5
Goldman Sachs 19.5* 21.5
Bank of America** 19.0* 2.0
Citigroup** 19.0* 2.0
Societe Generale** 18.5* 2.0
BNP Paribas** 18.5* 2.0
J.P. Morgan Securities LLC.** 18.5* 2.0
Goldman Sachs 18.125* 1.5
Barclays 18.125* 1.5
J.P. Morgan Securities Inc. 18.0* 20.0
Credit Suisse** 18.0* 2.0
J.P. Morgan Securities Inc. 17.75* 20.0
Deutsche Bank** 17.75* 2.0
Goldman Sachs 17.625^ 10.0
J.P. Morgan Securities Inc. 17.5 20.0
Barclays 17.25 95.0
J.P. Morgan Securities Inc. 17.25 20.0
Barclays** 17.25 2.0
Goldman Sachs** 17.25 2.0
Barclays 17.125 15.0
Barclays 17.125 1.0
Goldman Sachs 17.125 1.0
J.P. Morgan Securities Inc. 17.0 20.0
J.P. Morgan Securities Inc. 16.75 5.0
Goldman Sachs 16.625 18.4
Barclays 16.125 15.0
Barclays 16.125 10.0
Barclays 16.125 5.0
Barclays 16.125 2.0
Goldman Sachs 16.125 2.0
Barclays 15.875 5.0
Goldman Sachs 15.75 20.0
Barclays 15.625 5.0
Deutsche Bank 15.5 15.0
Barclays 15.375 5.0
Deutsche Bank 15.125 15.0
Barclays 15.125 5.92
Barclays 15.125 5.0
Barclays 15.125 1.5
Goldman Sachs 15.125 1.5
Barclays 15.0 50.0
Barclays 15.0 20.0
Societe Generale 15.0 10.0
Goldman Sachs 14.5 20.0
Goldman Sachs 14.125 2.0
Barclays 14.125 2.0
Deutsche Bank 13.5 50.0
Goldman Sachs 13.125 2.5
Barclays 13.125 2.5
Barclays 12.125 2.5
Goldman Sachs 12.125 2.5
Barclays 12.0 100.0
Societe Generale 12.0 10.0
Barclays 11.125 3.0
Goldman Sachs 11.125 3.0
Barclays 11.0 50.0
Barclays 10.125 5.0
Barclays 10.125 3.5
Goldman Sachs 10.125 3.5
Barclays 10.0 12.0
Barclays 10.0 10.0
Societe Generale 10.0 10.0
Barclays 9.125 5.0
Goldman Sachs 9.125 5.0
Societe Generale 7.5 20.0
Barclays 7.0 100.0
Barclays 7.0 20.0
Societe Generale 5.0 50.0
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.