MORGAN STANLEY UK LIMITED
Company number: 04071123
1 July 2019
to 31 December 2019
This report was filed on 29 January 2020
and approved by Anthony Mullineaux
Average time taken to pay invoices: 19 days
- within 30 days: 74%
- in 31 to 60 days: 23%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 2 %
Standard payment period for qualifying contracts
Standard payment terms
60 days from receipt of undisputed invoices.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Standard terms require payment 60 days from date of receipt of an undisputed invoice, however different payment terms may be negotiated or agreed between the parties on an ad hoc basis at time of contract signing.
Any other information about payment terms
Dispute resolution process
Invoice payment queries and disputes should be raised to the Morgan Stanley business relationship owner/contact or Accounts Payable via email at firstname.lastname@example.org or via phone at +44 141-245-7589. The claim will be investigated, with the involvement of Legal as necessary. Any disputes that cannot be resolved are subject to a dispute resolution process as set out in the relevant contract.
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?