Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 99.6/100 qualifies for PaymentCheck Certification
| 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 2025 - 31 Dec 2025 | 27 Jan 2026 | 7 | 99% | 1% | 0% | 0% |
| 01 Jan 2025 - 30 Jun 2025 | 21 Jul 2025 | 7 | 99% | 1% | 0% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 21 Jan 2025 | 7 | 99% | 1% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 6 | 99% | 1% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 19 Jan 2024 | 8 | 99% | 1% | 0% | 1% |
| 01 Jan 2023 - 31 Jul 2023 | 11 Sept 2023 | 7 | 98% | 2% | 0% | 2% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 9 | 97% | 3% | 0% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 09 Aug 2022 | 9 | 98% | 2% | 0% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 13 | 97% | 2% | 1% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 24 Aug 2021 | 13 | 97% | 3% | 0% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 24 Aug 2021 | 13 | 98% | 2% | 0% | 2% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 9 | 98% | 2% | 0% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 7 | 97% | 2% | 0% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 11 | 93% | 5% | 2% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 30 | 76% | 12% | 12% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 27 | 73% | 13% | 14% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard Chartered Bank (‘SCB’) seeks to agree appropriate payment terms with each supplier, with the payment period ranging from between 30 to 60 days from receipt of a valid invoice. The most common payment terms agreed with suppliers is 30 days from receipt of a valid invoice. In the absence of agreed payment terms with the supplier, the payment terms of SCB include a payment period of 45 days from receipt of a valid invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Invoices shall describe the services and any other products supplied in sufficient detail so that tax (including, but not limited to, import or custom duties, service tax or withholding tax) is charged correctly. Invoices are required to quote the Bank’s 10 digit Purchase Order (PO) reference number generated from the bank’s procurement system for purchasing goods and services where applicable. Suppliers are requested to submit electronic format invoices by email to APUeInvoice.UK@sc.com.
Maximum contractual payment period agreed
60
The standard Contractual Agreement of SCB outlines the Dispute Resolution process. A party claiming that a dispute has arisen in relation to the Contractual Agreement must notify the Authorised Representative of the other party to the dispute giving details of the dispute. If any dispute arising out of the Contractual Agreement remains unresolved for five Working Days from the date on which the notice setting out the nature of the dispute is served by one party on the other, either party may request a meeting within a further five Working Days between senior personnel (as notified by each party to the other for this purpose) who shall have power to resolve the dispute. If the dispute is not resolved under this procedure either party shall be free to pursue alternative action in respect of that dispute.
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 Chartered Bank is registered in the UK as an unregistered company with its office in London. Companies House records its nature of business under SIC code 64191, banks, and lists related industry areas including banking, currency exchange, insurance, investment banking and corporate finance, loans and wealth and asset management. The entity previously traded as The Chartered Bank between 1953 and 1985. It remains active, files group company accounts and confirmation statements, and forms part of a wider international banking group. The Companies House record does not itself detail specific products or customer-facing services beyond its classification as a bank.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk