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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 Francois Jolly or in his absence use the mailbox tryfx@lloyds.com, 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 5 basis points.

Contact

Francois Jolly

Senior Manager

+44 (0)20 7327 5752