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XL CATLIN SERVICES SE

Company number: SE000103

Reporting period:
1 January 2019 to 30 June 2019

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

This report was filed on 29 July 2019

and approved by Paul Bradbrook

Payment statistics

Average time taken to pay invoices: 29 days

Invoices paid:

• within 30 days: 69%
• in 31 to 60 days: 21%
• in 61 days or more: 10%

Invoices due but not paid within agreed terms: 10 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

60 days

Standard payment terms

The Company’s standard payment terms for qualifying contracts are payment within 30 days of the date of the invoice.

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

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

All payment periods stated above run from the date of the invoice.

Dispute resolution process

Suppliers should communicate any disputes or concerns to their business contact in the first instance. If the issue cannot be resolved at this level within a reasonable period, the issue will be escalated to senior management of the Company who will negotiate in good faith to resolve the dispute. If the dispute remains unresolved, more formal dispute resolution procedures shall be considered in accordance with contractual terms and/or the applicable law.

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