On the 25 September ISLA welcomed over 50 market participants to Canary Wharf for an evening of all things TRS!
With the goal of digitising and automating the entire TRS dealing workflow, Wematch.live has experienced significant growth, so what better partner to help shine a light on this thriving, derivative-based product.
Wematch.live were joined by Clifford Chance for the first panel of the evening, exploring the factors which have driven demand for TRS while also discussing its nuances compared to securities lending and repo. Although all are deployed with similar goals, namely covering short positions or for balance sheet efficiency, they differ fundamentally in their legal structure, risk treatment, and their documentation.
The final panel of the evening uncovered how firms across the ecosystem utilise both TRS and securities lending as part of their funding and financing strategies. The panellists discussed how the market is vibrant and ever growing and while differences exist, the complementary nature, evolving client needs and growth of cross product trading desks mean the synergies and bridges between Securities Lending and TRS is stronger than ever.
