BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED
Company Information
- Company Number
- 01009248
- Registered Address
- 2 King Edward Street, London, EC1A 1HQ
- Status
- Converted / Closed
- Employee Count
- 6,497
- Turnover
- £850,000,000
- EBITDA
- £293,000,000
Additional Details
- Website
- https://bofaml.com
- Company Type
- Converted/closed company
- Incorporated On
- 27 April 1971
- Nature of Business
- 64191 - Banks
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 39 | 63% | 20% | 17% | 37% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms for goods and services are 30 days; once fully approved, invoices are paid in the next scheduled payment run. The frequency of payment runs depend on, amongst other things, currency of invoice however are typically completed at least weekly.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Invoice payment disputes, complaints or concerns should be raised to Corporate Accounts Payable via email at aphelpdesk@ml.com or via phone 0207 995 2115. All emails will be responded to within 2 business days. Any escalations should be raised to the Accounts Payable Manager whose contact details are available upon request.
Other Payment Information
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.
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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
Company Summary
BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED is a leading global financial services company headquartered in London, United Kingdom. The company offers a wide range of products and services, including investment banking, wealth management, and commercial banking.
BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED is committed to sustainability and has a strong sustainability program in place. Their focus is on responsible business practices, environmental sustainability, and community engagement. The company has set ambitious goals to reduce their environmental impact, such as becoming carbon neutral and sourcing 100% renewable energy by 2020.
The company's key people include Brian Moynihan, Chairman and CEO, and Anne Finucane, Vice Chair and Head of Environmental, Social and Governance. They have a team of dedicated professionals who are working towards achieving the company's sustainability goals.
In addition to their sustainability efforts, BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED offers a variety of financial products and services to their clients. This includes investment solutions, wealth management services, and commercial banking solutions for businesses of all sizes. The company also provides support for mergers and acquisitions, debt and equity financing, and risk management.
The company's website, www.bofaml.com, provides information on their products and services, as well as their sustainability program. Their registered office address is 5 Canada Square, London E14 5AQ, United Kingdom.
In conclusion, BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED is a leading financial services company with a strong commitment to sustainability. Through their products and services, they aim to help clients achieve their financial goals while also making a positive impact on the environment and communities.
