Score of 86.8/100 qualifies for PaymentCheck Certification
| 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 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 18 | 83% | 10% | 7% | 17% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 24 | 82% | 8% | 10% | 18% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 19 | 84% | 8% | 8% | 16% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 26 | 80% | 10% | 10% | 20% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 29 | 78% | 11% | 11% | 22% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 24 | 75% | 15% | 10% | 25% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 23 | 80% | 12% | 8% | 22% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 27 | 76% | 13% | 11% | 29% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 28 | 81% | 7% | 12% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 24 | 81% | 11% | 8% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute resolutions are handled on a case by case basis based on individual facts and circumstances. ICE Futures Europe seeks to resolve disputes as quickly as possible; we have a dedicated accounts payable team that support suppliers with query resolution. In the event that the accounts payable team is unable to resolve a dispute, they will refer the matter to senior management for resolution.
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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
ICE Futures Europe is a leading commodity futures exchange based in London, United Kingdom. It offers a wide range of energy, agriculture, metals, and environmental products for trading, clearing, and settlement.
The sustainability program of ICE Futures Europe focuses on promoting responsible practices in the commodity markets and reducing the environmental impacts of its operations. This includes initiatives such as carbon offsetting, energy efficiency measures, and involvement in global sustainability initiatives.
The exchange offers a variety of products and services to its clients, including futures contracts, options, and over-the-counter (OTC) contracts. It also provides market data, information, and tools for risk management and price discovery.
The key people at ICE Futures Europe include its Chief Executive Officer, Stuart Williams, and its President, David Peniket. The exchange is part of the Intercontinental Exchange (ICE) group, which is led by Chairman and CEO, Jeffrey Sprecher.
The registered office address of ICE Futures Europe is 5 New Street Square, London, EC4A 3TW, United Kingdom. Its website address is www.theice.com/ice-futures-europe.
In summary, ICE Futures Europe is a leading commodity futures exchange in London, offering a variety of products and services while also prioritizing sustainability initiatives. Its key people, including CEO Stuart Williams, are dedicated to providing a reliable and responsible platform for commodity trading.