• Best Execution under MiFID II

    Best Execution rules require investment firms to take sufficient steps to obtain the best possible result for their clients when executing orders in financial instruments, whilst taking into account all relevant factors.

    In the case of professional clients, these factors include costs, speed, likelihood of execution, settlement, size, nature and any other factor relevant to the execution of the order. However, in the case of retail clients, the relevant factor is the total consideration, representing the price of the financial instrument and the costs relating to execution.

    Best Execution rules also require:

    Execution venues to provide on a quarterly basis relevant data to measure the quality of execution in relevant financial instruments. This is represented by the following tables:

    Table 1 – Information on the type of execution venue
    Table 2 – Information on the type of financial instrument
    Table 3 – Price information - Intraday
    Table 4 – Price information - Daily
    Table 5 – Costs information
    Table 6 – Likelihood of execution for each trading day
    Table 9 – Additional information relating to request for quote execution venues.

    The best execution information required for tables 7 and 8 is not provided. This information relates to continuous auction order book and continuous quote driven trading systems which are not operated by Lloyds Bank.

    The reports will be available on this page for a minimum of two years. If you have any questions regarding Best Execution please contact CB.MiFIDIIHelpdesk@lloydsbanking.com

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc, Lloyds Bank Corporate Markets plc and Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH.

Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is a wholly-owned subsidiary of Lloyds Bank Corporate Markets plc. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH has its registered office at Thurn-und-Taxis Platz 6, 60313 Frankfurt, Germany. The company is registered with the Amtsgericht Frankfurt am Main, HRB 111650. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.