Our 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 foreign exchange service
You can contact us 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.
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.
For both services we will adjust rates to recover up to 5 basis points.
Please contact us for more information or to use one of our services.