Auction and distribution
Access answers to some commonly asked questions about auction and distribution
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When will my profits be available?
Profits are available for release to members early May via your members' agent.
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Who should I contact for assistance with any distribution related queries?
You should speak to your members' agent in the first instance.
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When is interest paid on my distribution profits?
Interest is calculated annually at the end of the year and the amount due will be included in the assets loaded into the subsequent year's distribution process.
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Where can I get Information regarding the Lloyd's Capacity Auctions?
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Can I specify which losses are paid first when settling my distribution losses?
There are strict spend rules set out in various deeds which stipulate which assets can pay each debt type and in what order payment must be made. For example, the Premiums Trust Deed does allow the PRF to pay charges but only once all other debts are settled. Deposit funds can only be used once all assets in the PRF have been exhausted.