| 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 2019 - 28 Feb 2019 | 30 Jul 2019 | 157 | 26% | 31% | 43% | 76% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 82 | 39% | 33% | 28% | 65% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 49 | 48% | 34% | 18% | 63% |
| 01 Jan 2018 - 30 Jun 2018 | 31 May 2019 | 50 | 50% | 28% | 22% | 61% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
UBS does not have standard payment terms with its qualifying suppliers. Terms are agreed with each supplier in qualifying contracts, typically based on supplier standard terms.
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
Qualifying contracts may prescribe a dispute resolution process. Any payment dispute is handled by the manager appointed by each party with the intention to resolve the dispute. If the dispute remains unresolved after such an escalation, it will be raised to the nominated senior representatives of UBS and the supplier as identified by the UBS Vendor Management Framework.
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
UBS LIMITED is a leading multinational investment bank and financial services company based in Switzerland. The company offers a wide range of financial services to individuals, corporations, and institutions worldwide.
The sustainability program of UBS LIMITED is focused on reducing the company's environmental impact and promoting sustainable business practices. This includes initiatives such as reducing greenhouse gas emissions, implementing sustainable supply chain practices, and promoting diversity and inclusion within the company.
Some of the key products and services offered by UBS LIMITED include wealth management, investment banking, asset management, and personal and corporate banking. The company also offers innovative financial solutions, such as sustainable investments and green bonds, to help clients achieve their sustainability goals.
The key people at UBS LIMITED include Axel Weber, the Chairman of the Board of Directors, and Ralph Hamers, the CEO. Both bring extensive experience and expertise in the financial sector, driving the company towards success.
For more information on UBS LIMITED and its services, individuals can visit their website at www.ubs.com. The registered office address of the company is located at Bahnhofstrasse 45, 8001 Zurich, Switzerland. Overall, UBS LIMITED is committed to providing high-quality financial services while also prioritizing sustainability and responsible business practices.