ICE CLEAR EUROPE LIMITED
Company Information
- Company Number
- 06219884
- Registered Address
- Milton Gate, 60 Chiswell Street, London, EC1Y 4SA
- Status
- Active
- Employee Count
- 104
- Turnover
- £1,660,000,000
- EBITDA
- £1,317,000,000
Additional Details
- Website
- https://theice.com
- Company Type
- Private limited Company
- Incorporated On
- 19 April 2007
- Nature of Business
- 66110 - Administration of financial markets
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 2024 - 31 Dec 2024 | 30 Jan 2025 | 32 | 72% | 6% | 22% | 28% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 29 | 75% | 11% | 14% | 25% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 43 | 62% | 13% | 25% | 38% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 30 | 74% | 10% | 16% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 30 | 72% | 11% | 17% | 28% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 27 | 75% | 12% | 13% | 25% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 27 | 77% | 12% | 11% | 22% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 27 | 69% | 20% | 11% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 30 | 67% | 20% | 13% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 48 | 38% | 30% | 32% | 79% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The performance figures include payments made to numerous large professional services providers which, given their nature, require detailed review before approval and payment. Accordingly these payments can contribute to a longer average number of days to pay and a higher percentage of payments due not paid within the stated payment period.
Maximum contractual payment period agreed
30
Dispute Resolution Process
Dispute resolutions are handled on a case by case basis based on individual facts and circumstances. ICE Clear Europe Limited seeks to resolve disputes as quickly as possible; we have a dedicated accounts payable team that support suppliers with query resolution. In the event that the accounts payable team is unable to resolve a dispute, they will refer the matter to senior management for resolution.
Other Payment Information
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
Company Summary
ICE Clear Europe Limited is a leading clearing house based in London, United Kingdom, providing clearing and settlement services for financial market participants across Europe. The company is a subsidiary of Intercontinental Exchange, a global operator of exchanges and clearing houses.
As a clearing house, ICE Clear Europe plays a crucial role in the financial markets by acting as a central counterparty for trades in various instruments such as energy, interest rates, and credit derivatives. This helps to mitigate counterparty risk and ensure the smooth functioning of the market.
In addition to its core clearing and settlement services, ICE Clear Europe also offers a range of sustainability products and services. This includes carbon emissions contracts, which help companies manage their carbon exposure and support the transition to a low-carbon economy. The company also offers renewable energy certificates, allowing market participants to offset their carbon footprint.
The key people at ICE Clear Europe include its Chairman, Paul Swann, and its President, Finbarr Hutcheson. Both bring extensive experience in the financial industry and are committed to driving the company's growth and sustainability efforts.
In terms of contact information, ICE Clear Europe's website is www.iceclear.com and its registered office address is at 1 New Change, London EC4M 9AF, United Kingdom. The company is regulated by the Financial Conduct Authority and is committed to complying with all relevant laws and regulations, as well as promoting ethical and sustainable business practices.
