EXANE LIMITED
Company number: 02937460
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
1 August 2018
Approved by:
Benoît Catherine
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 57%
- in 31 to 60 days: 31%
- in 61 days or more: 12%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 43%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
Answer not provided
Standard payment terms
Exane Limited's standard terms are for payment to be made within 45 days of receipt of the relevant invoice from the supplier, however shorter or longer periods may be agreed with suppliers as appropriate depending on the nature of the transaction or commercial situation.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
Exane Limited has a number of suppliers with contractual payment terms which stipulate that invoices are payable upon receipt / presentation. The company records such terms as 'zero days' in its systems, and while it aims to settle such invoices as quickly as possible, they will inevitably be reported as not being paid with agreed terms in the Payment statistics above.
Dispute resolution process
In case of any questions/disputes regarding payments, suppliers are advised to initially contact the Exane Finance Team who can generally resolve issues arising from delays in invoice processing or authorisation. Where there is a genuine dispute then issues are escalated to the approver / budget holder for resolution.
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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