NORTHERN TRUST GLOBAL INVESTMENTS LIMITED

Standard payment terms

Northern Trust Global Investments Limited (“NTGIL”) will pay all undisputed invoices within 60 days of receipt of a correct invoice.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

NTGIL’s only qualifying contract is an intercompany contract for the provision of services under which no invoices are rendered nor payments made.

Maximum contractual payment period agreed

60

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