Score of 83.73/100 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 2025 - 31 Dec 2025 | 14 Jan 2026 | 20 | 81% | 15% | 4% | 36% |
| 01 Jan 2025 - 30 Jun 2025 | 11 Jul 2025 | 18 | 82% | 14% | 4% | 28% |
| 01 Jul 2024 - 31 Dec 2024 | 09 Jan 2025 | 22 | 79% | 8% | 13% | 28% |
| 01 Jan 2024 - 30 Jun 2024 | 05 Jul 2024 | 22 | 78% | 15% | 7% | 27% |
| 01 Jul 2023 - 31 Dec 2023 | 10 Jan 2024 | 18 | 85% | 10% | 5% | 30% |
| 01 Jan 2023 - 30 Jun 2023 | 12 Jul 2023 | 28 | 86% | 6% | 8% | 20% |
| 01 Jul 2022 - 31 Dec 2022 | 11 Jan 2023 | 15 | 90% | 7% | 3% | 25% |
| 01 Jan 2022 - 30 Jun 2022 | 08 Jul 2022 | 20 | 85% | 11% | 5% | 49% |
| 01 Jul 2021 - 31 Dec 2021 | 07 Jan 2022 | 27 | 75% | 14% | 11% | 37% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jul 2021 | 21 | 83% | 12% | 5% | 41% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 16 | 91% | 4% | 5% | 29% |
| 01 Jan 1920 - 30 Jun 2020 | 29 Jul 2020 | 25 | 81% | 11% | 8% | 31% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 24 | 79% | 15% | 6% | 37% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 11 | 92% | 4% | 4% | 30% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 21 | 85% | 10% | 5% | 38% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 26 | 83% | 9% | 8% | 36% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
State Street Global Advisors Limited (SSGA) will pay for third-party goods and services within 45 days of receipt of a valid and undisputed VAT invoice, unless otherwise agreed in writing. Invoices should be addressed to the correct legal entity, provide contact details of the State Street contact placing the order, a full description of the goods or services provided and the supplier’s bank account details to avoid any delay in payment. Invoices should be sent directly in the first instance via email to LondonAccountsPayable@statestreet.com. E-invoicing is not offered to all suppliers as a standard process, however certain categories of supplies are offered e-invoicing, for example, legal services. SSGA may offset amounts owing to it by the supplier and may withhold payment of the invoice if there is a genuine dispute relating to it.
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
90
SSGA endeavours to resolve any supplier disputes fairly and promptly. Disputes are handled in the first instance by discussion between the contracting business and the supplier. Suppliers can also contact SSGA's dedicated Accounts Payable team (LondonAccountsPayable@statestreet.com) who will typically manage the dispute to resolution, escalating as necessary to senior SSGA contacts.
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
State Street Global Advisors Limited is the UK entity of the group now trading as State Street Investment Management, having rebranded from State Street Global Advisors. The group provides asset management services to institutional investors, financial professionals and individual investors, including a range of SPDR exchange traded funds such as sector-based ETFs tracking S&P 500 GICS sectors. It offers investment products and market insight tools covering equity sectors including technology, healthcare, financials, energy and utilities. The UK company is registered at Canary Wharf, London, and its listed business classification is financial intermediation. As the UK arm of a global investment management group, it supports distribution and provision of these investment products and related professional-investor communications within the UK market.
Generated from the company's website and Companies House records. Sources: ssga.com · ssga.com