Foreign Exchange

Foreign exchange services are delivered in two ways, either as a bespoke service provided at the request of a Managing Agent or automatically via the Currency Conversion Service as part of Central Accounting & Settlement.

Bespoke FX Service
Please contact Gary White, or in his absence Gurdip Sappal, 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.

Fees
For both the Bespoke and Currency Conversion Service Lloyd's will adjust rates to recover up to 4 basis points.

 

Contact

Gary White
Manager, Money Market, Foreign Exchange & Additional Securities

t: +44 (0) 20 7327 5340
gary.white@lloyds.com

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Gurdip Sappal
Investment Analyst

t: +44 (0)20 7327 5762
f: +44 (0)20 7327 5761
gurdip.sappal@lloyds.com