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MONEX EUROPE LIMITED

Company number: 06014261

Reporting period:
1 July 2021 to 31 December 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 31 January 2022

and approved by Magda Gonzalez

Payment statistics

Average time taken to pay invoices: 14 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: 4 %

Payment terms

Shortest standard payment period

5 days

Longest standard payment period

30 days

Standard payment terms

Currently Firm policy is to pay most suppliers within 2 weeks of invoice received. Minor payment delays may occur if the invoice is received shortly after the payment run. Disputed amounts may also result in processing delays.

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

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

We have an Accounts Payable email account for invoice submissions, statements and / or correspondence. Statements are checked and correspondence answered by Account Payable department. Suppliers are made aware of issues on invoices and can be directed to head of relevant department if invoices have yet to be authorized or to resolve disputes.

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