Payment index

On basis of all payments, including those that are either not executed or executed too late, Graydon calculates a global Graydon payment index. This implies that ‘good’ payments are rewarded, whereas payments executed beyond the term agreed upon will be punished more severely depending on the extent in which the expiry date is exceeded. The score thus obtained is converted into and index value the standard of which is determined by the results of the year 2002 (value 100). The higher the index, the better the payment behaviour.

Evolution of the Graydon payment index on a yearly basis

2002: 100,0000 2003: 100,2513 2004: 101,3819 2005: 104,1457 2006: 103,8945 2007: 104,5226 2008: 103,6432 2009: 100,8794

Evolution of the Graydon payment index per quarter

2006   Q1 Q2 Q3 Q4 index 102,6508 103,2165 102,2630 104,5653 Compared to the previous quarter 0,55% -0,92% 2,25% 2007   Q1 Q2 Q3 Q4 index 104,9115 105,1185 103,7526 104,5536 Compared to the previous quarter 0,33% 0,20% -1,30% 0,77% Compared to last year 2,20% 1,84% 1,46% -0,01% 2008   Q1 Q2 Q3 Q4 index 104,6077 105,1823 101,7310 103,4388 Compared to the previous quarter 0,05% 0,55% -3,28% 1,68% Compared to last year -0,29% 0,06% -1,95% -1,07% 2009   Q1 Q2 Q3 Q4 index 101,9833 100,31665 98,0627 102,8864 Compared to the previous quarter -1,41% -1,63% -2,25% 4,92% Compared to last year -2,51% -4,63% -3,61% -0,53% 2010   Q1 Q2 Q3 Q4 index 103,04  99,29     Compared to the previous quarter 0,15%  -3,75%     Compared to last year 1,03%  -1,03%