| 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 - 30 Jun 2019 | 22 Jul 2019 | 36 | 0% | 100% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 33 | 33% | 67% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our most frequently used payment terms for qualifying contracts require payment within 30 business days
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
60
If there is a dispute relating to an invoice or a payment, we will work with the supplier to resolve the issue in a fair and timely manner. Disputes are resolved by discussion and agreement and are typically handled by the member of staff that holds the relationship with the supplier, in conjunction with the Procurement/Legal function (as required), and resolved in accordance with the terms of the contract. Invoices that are subject to dispute will not be paid until resolution. Once resolved, payment will be made in accordance with the terms of the contract.
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
BNY Mellon International Asset Management Group Limited is a UK-registered company forming part of the BNY corporate group. Its registered business classification covers other business support service activities, consistent with a group holding or service entity rather than a customer-facing operation. The wider BNY group is a global financial services business sitting at the centre of the world's capital markets, offering custody, asset servicing, wealth management, investment management, payments, collateral and clearing solutions to institutional and individual clients worldwide. The group reports holding tens of trillions of dollars in assets under custody or administration and trillions under management. This entity's own role is understood to be part of that wider international asset management structure within the BNY group.
Generated from the company's website and Companies House records. Sources: bnymellon.com