Score of 85.75/100 qualifies for PaymentCheck Certification
The average time taken for MITSUBISHI UFJ TRUST INTERNATIONAL LIMITED to pay invoices has increased over the past three periods, from 14 days in the first period (Jan 2018 - Jun 2018) to 20 days in the most recent period (Jul 2021 - Dec 2021).
The percentage of invoices paid within 30 days has decreased from 94% in the first period to 85% in the most recent period, indicating a decrease in prompt payment. The percentage of invoices paid between 31 and 60 days has also increased from 6% to 15%, showing an increase in delayed payments. However, there has been a decrease in invoices paid later than 60 days, from 2% to 0%, indicating an improvement in avoiding late payments.
MITSUBISHI UFJ TRUST INTERNATIONAL LIMITED has seen a decline in prompt payments and an increase in delayed payments over the past three periods. The average time taken to pay invoices has also increased, with the most recent period having the longest average payment time of 20 days. However, the company has improved in avoiding late payments, with no invoices paid later than 60 days in the most recent period.
| 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 2021 - 31 Dec 2021 | 28 Jan 2022 | 20 | 85% | 15% | 0% | 36% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 19 | 88% | 11% | 1% | 34% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 15 | 93% | 5% | 2% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Jul 2018 | 14 | 94% | 6% | 0% | 22% |
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
Any other information about payment terms
Not Applicable.
Maximum contractual payment period agreed
30
The firm operates a designated accounts payable email address for invoice submissions and correspondence. Any payment disputes are considered by the relevant department head/budget holder. Disputes are usually resolved within thirty (30) days from the date that the dispute is raised.
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
MITSUBISHI UFJ TRUST INTERNATIONAL LIMITED (MUTI) is a leading global financial institution that provides a wide range of financial services to its clients. It is a subsidiary of Mitsubishi UFJ Trust and Banking Corporation, one of the largest banking groups in the world.
The company's sustainability program focuses on creating long-term value for its stakeholders while also contributing to the sustainable development of society. It is committed to promoting environmental sustainability, diversity and inclusion, and responsible business practices.
MUTI offers a variety of products and services, including asset management, trust and custody, securities lending, and corporate services. It serves a diverse client base, including pension funds, corporations, financial institutions, and government agencies.
The key people at MUTI include President and CEO, Mr. Nobuyuki Hirano, and Executive Vice President, Mr. Kenji Shimizu. They lead a team of experienced professionals who are dedicated to providing top-quality financial services to their clients.
The company's registered office address is 1-4-5, Marunouchi, Chiyoda-ku, Tokyo, Japan. Their website address is https://www.mutiplc.com/, where interested individuals can find more information about the company's products, services, and sustainability initiatives. MUTI also has offices in London, New York, Singapore, and Hong Kong, making it a truly global institution.