UNION BANCAIRE PRIVÉE (UK) LIMITED

Standard payment terms

Our standard payment terms are designed to ensure clarity and transparency in all financial transactions. While we strive to maintain consistency, we also recognize the need for flexibility to accommodate specific contract requirements.

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

Our payment terms have been updated to reflect our commitment to providing flexibility and accommodating the needs of our clients. Effective immediately, our standard payment terms have been increased to 45 days. Below is an overview of our updated payment terms:

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

45

Has this business signed up to a code of conduct or standards on payment practices?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

❌

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.

❌

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.

❌

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?

❌

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available