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CITADEL SECURITIES (EUROPE) LIMITED

Company number: 05462867

Reporting period:
1 January 2024 to 30 June 2024

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

This report was filed on 18 July 2024

and approved by Steven Atkinson

Payment statistics

Average time taken to pay invoices: 23 days

Invoices paid:

• within 30 days: 75%
• in 31 to 60 days: 22%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 25 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

30 days

Standard payment terms

The company aims to settle 75% of invoices within 30 days of receipt, and 95% of invoices within 60 days of receipt.

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

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

In the event of a dispute the company will contact the supplier and work through the issue, escalating as required to solve the dispute in a fair and timely manner.

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