Svb

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 April 2014 Hello,

Currently we have provisional SVB order and we are paying 1% EDD. Now we are appearing shortly for the PH for Final SVB order.

Now in our supplier's organization top management is changed and they are changing name of their organization very soon.

Now in this case I hope SVB amendment is required.

So is it good to finalize the SVB order with current supplier name?
Can we amend same SVB order with new supplier name?
OR
Again we have to do complete SVB process with new supplier name?

Please guide.

Thanks a lot in advance.

Querist : Anonymous

Querist : Anonymous (Querist)

03 April 2014 Hello Members,

Please support on this SVB issue.

Thanks in advance.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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26 July 2025 Hi! Regarding your situation with the SVB (Supplier Verification & Baseline) order and supplier name change:

1. **Finalizing SVB Order with Current Supplier Name:**
It’s generally advisable to finalize the SVB order with the supplier name as it currently appears in records. This keeps the process straightforward and official.

2. **Amendment of SVB Order After Supplier Name Change:**
Usually, if the supplier changes its name (legal entity change), an amendment to the existing SVB order is required to reflect the new name. This avoids any confusion or mismatch in documentation.

3. **Need for a New SVB Process:**
Whether a complete new SVB process is needed depends on your organization’s internal policies and the nature of the supplier change:

* If it’s just a **name change** (same legal entity, just a new name), an amendment to the SVB order may suffice.
* If the **legal entity changes** (new company formed, merger, acquisition), a fresh SVB process might be necessary as the supplier is considered a different entity.

### Suggested steps:

* Finalize the SVB order now with the current name to avoid delay.
* Once the supplier officially changes its name, initiate an amendment process for the SVB order.
* Check with your compliance/legal team if a new SVB is mandatory in your company’s policy.

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