ISLA Connects & Wematch Educational Briefing: Understanding Total Return Swaps
- 25 September 2025
- London, UK
ISLA Connects & Wematch Educational Briefing: Understanding Total Return Swaps
This is an evening event held in London. All times listed are in BST.
Thursday 25th September
17:00 - 17:30
Arrival, Registration & Refreshments
17:30 - 17:40
Welcome Remarks
Speakers
David Raccat CRO and Co-Founder Wematch
Tina Baker Head of Legal Services, ISLA Connects Lead ISLA
17:40 - 18:10
Introduction to Total Return Swaps (TRS) & Transaction Overview
The opening session will provide an introduction into what Total Return Swaps (TRS) are, including an outline of the transaction structure and legal construct.
Speakers
Michael Brown Partner Clifford Chance
Ben Cullen Senior Product Manager Wematch
Anne Taieb Chief Product Officer Wematch
18:10 - 18:25
TRS Market Overview
This session will provide an overview of the TRS market including the size and scope, participants and market applications such as synthetic lending, funding and ETF capital markets.
Speaker
David Raccat CRO and Co-Founder Wematch
18:25 - 18:30
Short Comfort Break
18:30 - 19:00
Panel Discussion – Putting It All Together
This session will provide practical insights from a diverse panel of industry experts on how TRS is used in their respective businesses.
Moderator
Grant Davies Head of Equity Sales and Coverage EMEA Wematch
Speakers
Ingrid Chaves Executive Director, Financing Trader Morgan Stanley
Robert Lawrence Director Barclays
Lorenza Palma Associate; Asset Optimization Group Bank of America
Ben Tully Executive Director J.P. Morgan
19:00 - 19:05
Closing Remarks
Speaker
Andrew Dyson Chief Executive Officer ISLA
19:05 - 20:00
Structured Networking Session
Agenda
