Industry ranking
Score of 83.6/100 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 | 28 Jan 2026 | 24 | 78% | 19% | 3% | 5% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 28 | 68% | 29% | 3% | 4% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 31 | 64% | 32% | 4% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 31 | 66% | 30% | 4% | 4% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 32 | 67% | 29% | 4% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 27 | 71% | 26% | 3% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 24 | 77% | 20% | 4% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 28 | 76% | 19% | 5% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 27 | 72% | 22% | 6% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 36 | 68% | 24% | 8% | 8% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 29 | 67% | 27% | 6% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | 29 | 78% | 18% | 4% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 22 Jan 2020 | 28 | 80% | 16% | 4% | 18% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 27 | 89% | 9% | 2% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Jan 2019 | 25 | 89% | 8% | 3% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 16 | 91% | 6% | 3% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Each JPMorgan Chase group company’s (JPMC) standard payment terms are “2% 10; net 60”, unless different terms are negotiated under contract or mandated by law in a particular country, meaning JPMC pays undisputed amounts within 60 days from receipt of an accurate invoice and may take a two percent discount off any amounts due under an accurate invoice as long as it pays within 10 business days from receipt. JPMC’s standard form contract typically used for higher risk engagements has standard payment terms of 2% 10; net 60 (as above). JPMC’s standard form contracts typically used for lower/minimal risk engagements have standard payment terms of 45 days after receipt of a correct invoice. JPMC’s standard purchase order terms and conditions typically used for minimal risk engagements have standard payment terms of 2% 10; net 60. Where payments are made by credit card (virtual card payment), payment terms have been aligned to our standard payment terms and will be evaluated against net 60-day terms rather than pay immediately upon invoice approval.
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
A qualifying contract may set out a dispute resolution process. The sophistication of this process depends on the risk rating and therefore complexity of the contract, with contracts used for higher risk engagements containing a multi-tiered (or escalation) dispute resolution clause. Practically, and even in the absence of an escalation/dispute resolution clause in a qualifying contract, an internal escalation process is followed which is materially consistent, as regards JPMC, with a multi-tiered contractual clause.
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
J.P. Morgan Securities Plc is a UK-registered entity within the JPMorgan Chase group, based in Canary Wharf, London. Companies House records list its activities under banking and other business support services, consistent with its role as part of the group's investment banking and securities operations. The wider JPMorgan Chase group, of which this entity forms part, describes itself as a global financial services firm offering investment banking, commercial banking, asset and wealth management, markets, securities services and payments solutions to corporations, institutions, governments and individuals worldwide. This entity itself operates as a securities dealing and related banking business within that global structure, rather than as an independent trading company.
Generated from the company's website and Companies House records. Sources: jpmorgan.com · jpmorgan.com