LloydsTSB offers new Money Market facility

First Published: e-Forex Magazine 10 / News / April, 2003

LloydsTSB Group Treasury has released a major enhancement to its on-line dealing service, known as eLADS - the LloydsTSB Auto-Dealing Service. Clients are now able to place fixed term and rolling deposits in a wide range of currencies for maturities up to 1 year. Settlement of trades over clients' accounts is via straight-through-processing. This functionality builds on the FX service which the Group launched in July 2002, enabling customers to transact Spots, Forwards, Swaps and Time Options.Among additional benefits are several weekly and monthly commentaries based on the markets, keeping clients informed and adding value to their decision-making process; and current rates information at their fingertips. Client take-up has exceeded expectations and with the added Money Market capability, LloydsTSB sees this enhancement as a major success, offering a "one stop shop" for their clients' Treasury requirements....continued

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