The Receiving and Holding of Client Money

Client Monies

We will hold client monies (generally premium and claims monies we receive and hold on behalf of our clients in the course of carrying on insurance mediation activities) in segregated non-statutory trust accounts, established and maintained in accordance with the Client Assets rules of the Financial Services Authority, or as designated client money investments permitted by the rules. Where we consider it appropriate, the rules permit us to use monies from our non-statutory trust accounts for short-period funding of premium and claims settlements on behalf of clients.

We will retain for our own use, any interest we earn on client monies passing through our client money bank accounts and any investment returns we make on permitted designated investments.

In certain circumstances, we may receive and hold insurance monies as agent for the Underwriter(s) under a written agreement with such Underwriter(s). Client Assets rules allow such insurance monies to be co-mingled with client monies subject to certain criteria being met, including inter-alia, that those Underwriters rank as a second preferred creditor in the event of a default.

Lloyd & Partners Bank Account Details as at 12th November 2007

In all instances Account name: Lloyd & Partners Ltd NST Client

Currency Bank Details Account Number Correspondent Bank Details
US Dollar Barclays Bank Plc,
1 Churchill Place,
London E14 5HP
SWIFT Code: BARCGB22
IBAN:GB90 BARC 2000 0088 1114 11 88111411 Barclays Bank plc, New York BARCUS33

Canadian Dollar Barclays Bank Plc,
1 Churchill Place,
London E14 5HP
SWIFT Code: BARCGB22
IBAN:GB49 BARC 2000 0075 2023 22 75202322 Canadian Imperial Bank of Commerce, Toronto. CIBCCATT

Hong Kong Dollar Barclays Bank Plc,
1 Churchill Place,
London E14 5HP
SWIFT Code: BARCGB22
IBAN:GB87 BARC 2000 0062 2932 66 62293266 Bank of America NT & SA Hong Kong. BOFAHKHX

Euro Barclays Bank Plc,
1 Churchill Place,
London E14 5HP
SWIFT Code: BARCGB22
IBAN:GB67 BARC 2000 0078 8387 22 78838722 Barclays Bank Plc,London. BARCGB22

Australian Dollar Barclays Bank Plc,
1 Churchill Place,
London E14 5HP
SWIFT Code: BARCGB22
IBAN:GB61 BARC 2000 0078 8387 33 78838733 Australia & New Zealand Bk Grp Ltd, Melbourne.ANZBAU3M

UK Sterling NatWest
1 Princes Street
London EC2R 8PA
United Kingdom
Sort Code:60-00-01
SWIFT NWBKGB2L
IBAN: GB54 NWBK 6000 0113 5701 96 13570196