CIENA LIMITED
Company number: 03330283
Reporting period:
30 April 2023
to 28 October 2023
This report was filed on 23 November 2023
and approved by James E. Moylan, Jr.
Payment statistics
Average time taken to pay invoices: 55 days
Invoices paid:
- within 30 days: 14%
- in 31 to 60 days: 68%
- in 61 days or more: 18%
Invoices due but not paid within agreed terms: 58 %
Payment terms
Shortest standard payment period
45 days
Longest standard payment period
60 days
Standard payment terms
Unless otherwise stated in the order, Ciena 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?
No
Maximum contractual payment period agreed
60 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
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