| 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 2018 - 31 Dec 2018 | 28 Jan 2019 | 40 | 57% | 24% | 19% | 44% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 35 | 57% | 31% | 12% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Exane Limited's standard terms are for payment to be made within 45 days of receipt of the relevant invoice from the supplier, however shorter or longer periods may be agreed with suppliers as appropriate depending on the nature of the transaction or commercial situation.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Exane Limited has a number of suppliers with contractual payment terms which stipulate that invoices are payable upon receipt / presentation. The company records such terms as 'zero days' in its systems, and while it aims to settle such invoices as quickly as possible, they will inevitably be reported as not being paid with agreed terms in the Payment statistics above.
Maximum contractual payment period agreed
60
In case of any questions/disputes regarding payments, suppliers are advised to initially contact the Exane Finance Team who can generally resolve issues arising from delays in invoice processing or authorisation. Where there is a genuine dispute then issues are escalated to the approver / budget holder 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
Exane Limited was a UK-registered company classified under financial intermediation activities. It was controlled by Exane SA, a French parent company, and formed part of the wider Exane group. Officer titles recorded at Companies House, including Head of Research and Chief Executive Officer, indicate the entity operated within investment research or brokerage functions as the UK arm of the French group. The company was incorporated in 1994 and its status was recorded as converted or closed, having ceased as a standalone registered entity on 17 May 2019. No further detail on specific products or client services was provided in the available records.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk