CIENA GLOBAL PRODUCTS COMPANY, LTD.

Company number: 13064681

Reporting period:
30 October 2022 to 29 April 2023

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This report was filed on 22 May 2023

and approved by James E. Moylan, Jr

Payment statistics

Average time taken to pay invoices: 54 days

Invoices paid:

• within 30 days: 3%
• in 31 to 60 days: 79%
• in 61 days or more: 18%

Invoices due but not paid within agreed terms: 92%

Payment terms

Shortest standard payment periods

45 days

Longest standard payment period

70 days

Standard payment terms

Unless otherwise stated in the order, Ciena Global Products Company Limited shall pay the price of the goods and the services within our standard payment terms of 45 days.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

70 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Any dispute is resolved locally between company, Relationship Manager and the supplier on an individual basis with the primary aim that disputes are settled quickly, and contractual payment dates met.

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, 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.

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