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Difference between revisions of "EST Advance Payments"

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{{eScienceTalk menu}}
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== Advance payments==
== 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==
  {{TOC_right}}
  {{TOC_right}}
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

Homepage eST quarterly reports eST Advance Payments eST Contractual documents eST Financial reports


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%).