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NORTHERN TRUST GLOBAL INVESTMENTS LIMITED

Company number: 03929218

Reporting period:
1 January 2023 to 30 June 2023

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

This report was filed on 17 July 2023

and approved by Adam Hallsworth

Payment statistics

Average time taken to pay invoices: 1 days

Invoices paid:

• within 30 days: 100%
• in 31 to 60 days: 0%
• in 61 days or more: 0%

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

Any other information about payment terms

Northern Trust Global Investments Limited (“NTGIL”) will pay all undisputed invoices within 60 days
of receipt of a correct invoice.

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