The auction enabled parties to amend the trades from a physical to a cash settlement mechanism and the protocol was designed by The International Swaps and Derivatives Association and administered by Markit Group and Creditex. The price for Collins & Aikman's bonds maturing in December 2011 was determined to be 43 5/8. Thirteen dealers submitted live market prices on the bonds and 448 parties adhered to the decision. The $470 million "B" loan is currently quoted at 91 3/8-93 3/8.
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Latest news by market and league table performance
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|2||Bank of America Merrill Lynch (BAML)||6,103||21||10.16|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||66,338.04||186||9.46%|
|3||Wells Fargo Securities||56,344.19||164||8.03%|