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MITSUBISHI UFJ TRUST INTERNATIONAL LIMITED

Company number: 01934008

Reporting period:
1 July 2018 to 31 December 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 28 January 2019

and approved by Ray P. Winters

Payment statistics

Average time taken to pay invoices: 15 days

Invoices paid:

• within 30 days: 93%
• in 31 to 60 days: 5%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 20 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

The firm's policy is to pay suppliers where not stipulated on the invoice within 30 days. Minor delays may occur if the invoices are received shortly after the weekly payment run. Disputed amounts may also result in processing delays.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

The firm operates a designated accounts payable email address for invoice submissions and correspondence. Any payment disputes are considered by the relevant Department Head/Budget Holder. Disputes are usually resolved within 30 days from the date the dispute was raised.

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No

Does this business offer e-invoicing in relation to qualifying contracts? This is where suppliers can electronically submit and track invoices. It’s not just allowing suppliers to email them an invoice.

No

Does this business offer supply chain finance? This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

No

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No