BETA This is a new service – your feedback will help us to improve it.

BALYASNY EUROPE ASSET MANAGEMENT LLP

Company number: OC308795

Reporting period:
1 July 2018 to 31 December 2018

---

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

This report was filed on 30 January 2019

and approved by Dina Madan

Payment statistics

Average time taken to pay invoices: 25 days

Invoices paid:

• within 30 days: 84%
• in 31 to 60 days: 8%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 20 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

45 days

Standard payment terms

The Partnership aims to settle supplier invoices in accordance with the credit terms specified in the underlying legally executed contracts or per the approved supplier invoices. Contract payment terms typically range from invoices being payable upon receipt to 45 days from receipt of the invoice. Where there are no explicitly stated contractual payment terms, the Partnership’s policy is to settle the invoices within 30 days of receipt. Minor payment delays may occur if the invoice is due upon receipt but received after a payment run. Disputed amounts may also result in processing delays. The Partnership does not have a stipulated maximum contractual payment period.

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

No

Maximum contractual payment period agreed

45 days

Any other information about payment terms

The Partnership has a number of suppliers with contractual payment terms which stipulate that invoices are payable upon receipt. The Partnership records such terms as "Immediate" in its systems, and while it aims to settle these invoices as quickly as possible, they will inevitably be reported as not being paid within agreed terms in the calculation of payment performance statistics as time is needed to approve the invoice and for the bank to process the settlement.

Dispute resolution process

If there is a dispute relating to an invoice or a payment, we will work with the supplier to resolve the issue in a fair and timely manner. Disputes are resolved by discussion and agreement and are typically handled by the member of staff that holds the relationship with the supplier, in conjunction with the Accounts Payable function, and resolved in accordance with the terms specified in the contract or invoice. Invoices that are subject to dispute will not be paid until resolution.

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