| 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 2018 - 30 Jun 2018 | 23 Jul 2018 | 74 | 17% | 36% | 47% | 47% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days - invoice date to payment date with 1,7 and 15 day excepted categories.
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
Payment Terms, including exceptions, per Policy are applied to all qualifying contracts. Where a negotiation is required Standard & Poor's Credit Market Services Europe Limited will consider the uniqueness of the value that the vendor provides. The facility for specific exemption to be granted does exist but requires senior finance management approval. All qualifying contracts contains terms for late payment or non-payment including the levying of interest and termination for cause.
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
Standard & Poor's Credit Market Services Europe Limited is a leading provider of credit ratings, research, and analytics to financial markets worldwide. They offer a range of products and services to help investors make informed decisions, manage risk, and improve operational efficiency.
As part of their commitment to sustainability, Standard & Poor's Credit Market Services Europe Limited has implemented a number of initiatives to reduce their environmental impact and promote responsible business practices. This includes reducing their carbon footprint, implementing energy-efficient measures, and promoting recycling and waste reduction.
Their key products and services include credit ratings, research and market intelligence, risk management solutions, and data and analytics. These services are used by a wide range of clients, including banks, corporations, governments, and institutional investors.
The company's key people include Martina Cheung, President; John Berisford, Global Head of Ratings; and Doug Peterson, President and CEO of S&P Global. They also have a team of experienced analysts and researchers who provide in-depth insights and analysis on global credit markets.
Standard & Poor's Credit Market Services Europe Limited is headquartered in London, with offices in various locations across Europe. Their registered office address is 20 Canada Square, Canary Wharf, London E14 5LH, United Kingdom.
Their website, www.standardandpoors.com, provides comprehensive information about their products and services, as well as news and insights on credit markets. It also includes contact information for their various offices and customer support.