VTB CAPITAL PLC

Company number: 00159752

Reporting period:
1 July 2019 to 31 December 2019

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This report was filed on 30 January 2020

and approved by Jonathan Klus

Payment statistics

Average time taken to pay invoices: 12 days

Invoices paid:

• within 30 days: 95%
• in 31 to 60 days: 3%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 1%

Payment terms

Shortest standard payment periods

14 days

Longest standard payment period

30 days

Standard payment terms

Under VTB Capital PLC's standard contractual terms, we commit to the payment of all undisputed sums properly due to third party suppliers within 30 days of receipt of a valid invoice. For any invoices which have a US nexus, the contractual payment terms is reduced to 14 days from the invoice date.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

Maximum period to third party suppliers is 90 days except for the following specific nature of invoices: • Legal invoices: 365 days due to some of the services rendered are projects related which may depend on the stage of completion. • Intercompany invoices: 90 days For any invoices relating to US nexus the contractual payment terms is 14 days from the invoice date.

Any other information about payment terms

N/A

Dispute resolution process

Disputes are resolved through a process involving the relevant parties and accounts payable.

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, this business has not signed up to a code of conduct or standards on payment practices.

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