NORTHERN TRUST GLOBAL INVESTMENTS LIMITED
Company number: 03929218
Reporting period:
1 January 2022
to 30 June 2022
This report was filed on 27 July 2022
and approved by Marie Dzanis
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 (“NTGIL”) 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
NTGIL's only qualifying contract is an intercompany contract for the provision of services under which no invoices are rendered or payments made.
Any other information about payment terms
N/A
Dispute resolution process
NTGIL endeavours to resolve any supplier disputes fairly and promptly. Disputes are handled 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 NTGIL 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