This week we held our 2nd APAC TRS Forum in Singapore. Following a successful inaugural APAC forum in Hong Kong last year, this latest event brought together 22 securities finance professionals from 15 major banks for insightful discussions on trends, products and initiatives in the TRS market.

The Singapore TRS Forum is part of a global series of Wematch forums taking place regularly in major financial centres across the globe, including London, New York, Paris and Hong Kong. These forums exemplify how our technology delivers transparency, automation and risk reduction across the TRS lifecycle. 

The Singapore Forum kicked off with a discussion on key TRS metrics and market highlights from the start of 2024. Participants learned that January saw an all-time high in posted TRS interests on Wematch’s Platform, averaging around $110 bn in daily liquidity. February also witnessed record traded notional volumes of $37 bn across EMEA and the U.S. To top this off, the ongoing TRS notional balance exceeded $300 bn for the first time in February 2024.

Wematch’s new Data & Contribution service was a major focus, designed to enhance transparency around the opaque OTC TRS market. By facilitating frequent pricing contributions from dealers, this offering aims to provide much-needed real price observations to help banks comply with incoming FRTB regulations. 

We also spotlighted our innovative Cash Flow Management Tool. This automates the highly manual cash flow reconciliation process across all TRS trades, providing detailed breakdowns to quickly identify and resolve any discrepancies between counterparties. Early clients are already seeing substantial efficiency gains.

Another key announcement was Wematch’s collaboration with ISDA and ISLA to create standard ISDA term sheets and enable digital confirmations for TRS trades starting in 2024. This initiative will streamline legal processes, reduce operational risk and drive significant cost savings.

This TRS global event series continues our mission to transform and enhance the institutional TRS market through innovation. Reach out to learn more.

The views and opinions expressed are for informational and educational purposes only as of the time of the writing/production and may change at any time. The material may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition. All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.