Bespoke FX Service
Please contact Gurdip Sappal or in his absence use the mailbox firstname.lastname@example.org, to discuss and agree any foreign exchange requirements. Normally we trade spot which is T+2. However, for USD, CAD and EUR we can provide a same day service if you call before 12.00 Noon.
Before Bespoke FX Services can be provided, Managing Agents will need to execute a legal agreement with Lloyd's setting out the terms and conditions relating to this service.
Currency Conversion Service
Lloyds Currency Conversion Service, translates premiums and claims between currencies at the point of settlement, according to agents standing instructions.
For both the Bespoke and Currency Conversion Service Lloyd's will adjust rates to recover up to 4 basis points.