Difference between revisions of "EST Advance Payments"
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== | == Year 1 payment== | ||
The acceptance of Year 1 costs statement has resulted in a subsequent payment amounting to 450.051 Euros. | |||
- Table of distribution; | |||
- Summary Financial report; | |||
- Participant-Finance-Sheet-Y1 | |||
- Project-Overview-Consolidated | |||
== Pre-Financing No 1== | |||
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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. | 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. |
Revision as of 15:29, 29 February 2012
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Year 1 payment
The acceptance of Year 1 costs statement has resulted in a subsequent payment amounting to 450.051 Euros.
- Table of distribution; - Summary Financial report; - Participant-Finance-Sheet-Y1 - Project-Overview-Consolidated
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%).