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Funds at Lloyd’s (FAL)

What are Funds at Lloyd’s

Funds at Lloyd’s (FAL) are the assets which support each member’s underwriting. This can be provided directly by the member and via Third Party Capital Providers.

The key principles of FAL:

  • The assets are held in Trust and Lloyd’s are the legal owners
  • Members and Third Party Capital Providers are the beneficial owners
  • Must comply with Anti-Money Laundering (AML) regulations

Through their Investment Manager, members and Third Party Capital Providers can trade on their FAL at any time.

Each quarter, every members FAL value is tested to ensure they are meeting their funding requirement. Where necessary, members are required to top up their FAL and if appropriate can apply for a release.

Coming into Line (CIL)

This statement is issued annually in May. Members are required to meet at least 100% of the relevant funding requirement.

Quarterly Corridor Test (QCT)

This statement is issued on working day 35 of each quarter. Members must ensure they meet at least 90% of the relevant funding requirement.

Investments at Lloyd's

Please find all relevant information on opportunities, services and guidelines for all investment assets held across the Lloyd's chain of Security.

Find out more about investments at Lloyd's

Contact

Please get in contact with any queries.

Client-Gateway@lloyds.com