SMBC NIKKO CAPITAL MARKETS LIMITED
Company number: 02418137
Reporting period:
1 October 2020
to 31 March 2021
This report was filed on 28 April 2021
and approved by Antony Yates
Payment statistics
Average time taken to pay invoices: 14 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 4%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 5 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
30 days
Standard payment terms
The intention is to settle all invoices within 30 days of receipt of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Our usual practice is to adopt the payment terms as stipulated by the supplier.
The 7 day shortest terms is for certain services, but in practice payment within 2-3 weeks is acceptable to the supplier.
Any other information about payment terms
N/A
Dispute resolution process
Accounts Payable will liaise with the supplier informing them of the relevant issues and what is required to reach resolution.
Initially we would look to resolve any issues between key stakeholder and the supplier.
Should we not be able to achieve resolution via this approach the matter would be referred to our Legal Department.
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