Interest Payment Dates
Details of Interest Payment Dates
With effect from the December 2012 interest payment, interest will be accrued and calculated to a date in June and December based on best working practise rather than as at present up to the end of June and December, with payments being made the following week. This will result in interest that is returned to funds at Lloyd’s being included in the valuations carried out as at the end of June and December thereby giving members’ the benefit of this cash in the release test and capital test calculations.
The interest payment calculation dates and rates applied are notified to members as part of the Cash Movement statements that are produced.
Cash Movement statements will be issued in January and July.
If you have any questions regarding this please contact: