| 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 2019 - 31 Dec 2019 | 06 Feb 2020 | 19 | 89% | 8% | 3% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 27 Aug 2019 | 19 | 88% | 11% | 1% | 12% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Mar 2019 | 19 | 93% | 7% | 0% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Aug 2018 | 19 | 93% | 7% | 0% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are to pay suppliers within 30 days of the receipt of the invoice.
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
Disputes concerning the quality and quality of goods delivered with pricing queries are dealt with by the purchasing team at Fidessa. Disputes can be escalated to senior management level if appropriate.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Fidessa Trading UK Limited is a company within ION Group, registered at ION's London office. It trades under the Fidessa name, providing the Fidessa platform, an equity trading software system used by brokers and banks to unify trade execution, order management and middle office functions across equities, equity swaps and exchange traded funds. The platform offers global market connectivity, automated order management using algorithms and smart routing, and hosted infrastructure with automated upgrades. Fidessa is used by numerous global systemically important banks and major financial institutions worldwide. As part of ION Group, the entity's own registered role is within this wider corporate structure rather than as an independent standalone trading business.
Generated from the company's website and Companies House records. Sources: fidessa.com · fidessa.com