FRANKLIN TEMPLETON GLOBAL INVESTORS LIMITED
Company number: 02100399
Reporting period:
1 October 2018
to 31 March 2019
This report was filed on 24 April 2019
and approved by Adrian White
Payment statistics
Average time taken to pay invoices: 6 days
Invoices paid:
- within 30 days: 99%
- in 31 to 60 days: 1%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
30 days
Standard payment terms
Invoices will be paid within 7-10 days of their date of receipt by Accounting Department to the extent that the supplier has completely and properly delivered/performed the agreement and to the extent that supplier has delivered a proper invoice.
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
In the event of a dispute with supplier a complaint can be raised to Franklin Templeton Customer Service. This department will send the complaint to the invoice approver within Franklin Templeton responsible for follow up with the supplier to resolve the dispute within a reasonable time.
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.
Yes
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