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

NORTHERN TRUST GLOBAL INVESTMENTS LIMITED

Company number: 03929218

Reporting period:
1 July 2019 to 31 December 2019

---

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

This report was filed on 10 February 2020

and approved by John Davie

Payment statistics

This company stated that it entered into qualifying contracts in the reporting period, but did not make any payments.

Invoices due but not paid within agreed terms: 0 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

Northern Trust Global Investments Limited ("NTGI") will pay all undisputed invoices within 60 days of receipt of a correct 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

NTGI's only qualifying contract is an intercompany contract for the provision of services under which no invoices are rendered or payments made.

Dispute resolution process

NTGI endeavours to resolve any supplier disputes fairly and promptly. Disputes are handles in the first instance by discussion between the contracting business and the supplier. Suppliers can also contact Northern trust's Accounts payable team (Accounts_Payable@ntrs.com) who will typically manage the dispute to resolution escalating as necessary to senior NTGI contacts.

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