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FIRST DERIVATIVES PUBLIC LIMITED COMPANY

Company number: NI030731

Reporting period:
1 March 2018 to 31 August 2018

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

This report was filed on 30 September 2018

and approved by Graham Ferguson

Payment statistics

Average time taken to pay invoices: 50 days

Invoices paid:

• within 30 days: 39%
• in 31 to 60 days: 46%
• in 61 days or more: 15%

Invoices due but not paid within agreed terms: 3 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

90 days

Standard payment terms

For SMEs First Derivatives plc has standard payment terms of 30 days.
For other suppliers First Derivatives plc have standard payment terms ranging from 30 to 90 days.

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

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

For information regarding First Derivatives plc supplier Profile, Invoices, Payments, Disputes or Purchase orders please contact First Derivatives at AP@firstderivatives.com Alternatively, our Customer Service representatives are available Monday through Friday to provide you with assistance from 09:00 am to 5:00 pm (GMT) at: +44 28 3025 2242. If supplier queries are not resolved within a reasonable timeline the matter will be escalated to the Finance Leadership team.

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