BNY MELLON INTERNATIONAL ASSET MANAGEMENT (HOLDINGS) LIMITED
Company number: 08260807
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 30 July 2018
and approved by David Peace
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 0%
- in 31 to 60 days: 100%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Our most frequently used payment terms for qualifying contracts require payment within 30 business days. All qualifying contracts are intercompany.
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
N/A
Dispute resolution process
If there is a dispute relating to an invoice or a payment, we will work with the supplier to resolve the issue in a fair and timely manner. Disputes are resolved by discussion and agreement and are typically handled by the member of staff that holds the relationship with the supplier, in conjunction with the Procurement/Legal function (as required), and resolved in accordance with the terms of the contract. Invoices that are subject to dispute will not be paid until resolution. Once resolved, payment will be made in accordance with the terms of the 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.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.
Yes
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