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FRANKLIN TEMPLETON GLOBAL INVESTORS LIMITED

Company number: 02100399

Reporting period:
1 April 2021 to 30 September 2021

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

This report was filed on 22 October 2021

and approved by William Jackson

Payment statistics

Average time taken to pay invoices: 13 days

Invoices paid:

• within 30 days: 96%
• in 31 to 60 days: 2%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 0 %

Payment terms

Shortest standard payment period

14 days

Longest standard payment period

30 days

Standard payment terms

Global AP is committed to paying invoices in the fastest and most efficient fashion possible since the moment of invoice receipt. Submitted invoices are reviewed for accuracy and payment is made when supplier has completely and properly delivered/performed the agreement and when correct invoice is delivered to Accounting Department.

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

No

Maximum contractual payment period agreed

30 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

In the event of a dispute with supplier a complaint can be raised to Franklin Templeton Customer Service. This department will send the complaint to the invoice approver within Franklin Templeton responsible for follow up with the supplier to resolve the dispute within a reasonable time.

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