Difference between revisions of "EST Advance Payments"
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== Year 2 payment== | == Year 2 payment== | ||
The acceptance of Year 2 costs statement are detailed in the attached financial statement acceptance forms. As the total amount of the pre-financing and interim payments has reached 90% of the maximum Union financial contribution (see Art.II.6.2), no additional interim payments shall be made to this project.<br><br> [https://documents.egi.eu/document/ | The acceptance of Year 2 costs statement are detailed in the attached financial statement acceptance forms. As the total amount of the pre-financing and interim payments has reached 90% of the maximum Union financial contribution (see Art.II.6.2), no additional interim payments shall be made to this project.<br><br> [https://documents.egi.eu/document/1519 Supporting documentation]includes:<br><br> | ||
* Consolidated Overview | * Consolidated Overview | ||
* Summary Financial report | * Summary Financial report | ||
* Participant-Finance-Sheet-Y2 | * Participant-Finance-Sheet-Y2 | ||
* Table distribution for Payment N3 | |||
<br><br> | <br><br> | ||
Revision as of 11:22, 10 January 2013
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Year 2 payment
The acceptance of Year 2 costs statement are detailed in the attached financial statement acceptance forms. As the total amount of the pre-financing and interim payments has reached 90% of the maximum Union financial contribution (see Art.II.6.2), no additional interim payments shall be made to this project.
Supporting documentationincludes:
- Consolidated Overview
- Summary Financial report
- Participant-Finance-Sheet-Y2
- Table distribution for Payment N3
Year 1 payment
The acceptance of Year 1 costs statement has resulted in a subsequent payment amounting to 450.051 Euros, detailed hereafter. This is to be the latest advance payment until the closure of the project. The total funding received amounts to 85% of the total grant (+5% saved in the PGF). The 90% ceiling has been reached so 2872 € has been decreased to this payment. The reduction per partner has been done in proportion to the share of the total funding.
Supporting documentationincludes:
- Table of distribution
- Summary Financial report
- Participant-Finance-Sheet-Y1
Pre-Financing No 1
A pre-financing payment equating to 53.33% of the total budget for the project was released from EC to EGI. From this, EGI is required to place 5% (of the total budget) in a Participant Guarantee Fund account managed by the European Investment Bank. When the project completes, this 5% will be returned to the participants with the final payment.
Table of prefinancing payments for the e-ScienceTalk beneficiaries
The subesequent payments will be processed after the acceptance of the annual financial reports and up to the total funding available for payment (usually 85%).