Common use of Currency for requests for payments and conversion into euro Clause in Contracts

Currency for requests for payments and conversion into euro. Request for payment must be drafted in […]. Beneficiaries with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices. [If the NA prefers to apply an alternative conversion rate to that specified above or the national law establishes different obligations: Any conversion into euro of costs incurred in other currencies must be made by the beneficiaries at [the monthly exchange rate established by the Commission and published on its website8] [the daily exchange rates published in the C series of the Official Journal of the European Union]9 applicable on the day when the [request for payment is submitted]/ [cost was incurred]/ [bank account of the coordinator is credited]/[agreement is signed by the last of the two parties]]. [If NA chooses the above option "[bank account of the coordinator is credited]" and more than one pre-financing payments is foreseen: If Article I.4.3 provides for a second or more pre- financing payments, the conversion rate must apply for all costs incurred in the period from the date of transfer of the related pre-financing payment until the date of transfer of the next pre- financing payment.]

Currency for requests for payments and conversion into euro. Request for payment must be drafted in […]euros. Beneficiaries The beneficiary with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.htmlxxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html ). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries The beneficiary with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices. [If the NA prefers to apply an alternative conversion rate to that specified above or the national law establishes different obligations: Any conversion into euro of costs incurred in other currencies must be made by the beneficiaries beneficiary at [the monthly exchange rate established by the Commission and published on its website8] [the website]7[the daily exchange rates published in the C series of the Official Journal of the European Union]9 Union]8 applicable on the day when the [request for payment is submitted]/ [cost was incurred]/ [bank account of the coordinator beneficiary is credited]/[agreement is signed by the last of the two parties]]. [If NA chooses the above option "[bank account of the coordinator beneficiary is credited]" and more than one pre-financing payments is foreseen: If Article I.4.3 provides for a second or more pre- financing payments, the conversion rate must apply for all costs incurred in the period from the date of transfer of the related pre-financing payment until the date of transfer of the next pre- financing payment.]

Currency for requests for payments and conversion into euro. Request for payment must be drafted in […]. Beneficiaries with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices. [If the NA prefers to apply an alternative conversion rate to that specified above or the national law establishes different obligations: Any conversion into euro of costs incurred in other currencies must be made by the beneficiaries at [the monthly exchange rate established by the Commission and published on its website8] [the daily exchange rates published in the C series of the Official Journal of the European Union]9 applicable on the day when the [request for payment is submitted]/ [cost was incurred]/ [bank account of the coordinator is credited]/[agreement is signed by the last of the two parties]]. [If NA chooses the above option "[bank account of the coordinator is credited]" and more than one pre-financing payments is foreseen: If Article I.4.3 provides for a second or more pre- pre-financing payments, the conversion rate must apply for all costs incurred in the period from the date of transfer of the related pre-financing payment until the date of transfer of the next pre- pre-financing payment.]

Currency for requests for payments and conversion into euro. Request for payment must be drafted in […]. Beneficiaries The beneficiary with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries The beneficiary with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices. [If the NA prefers to apply an alternative conversion rate to that specified above or the national law establishes different obligations: Any conversion into euro of costs incurred in other currencies must be made by the beneficiaries beneficiary at [the monthly exchange rate established by the Commission and published on its website8] [the website]5[the daily exchange rates published in the C series of the Official Journal of the European Union]9 Union]6 applicable on the day when the [request for payment is submitted]/ [cost was incurred]/ [bank account of the coordinator beneficiary is credited]/[agreement is signed by the last of the two parties]]. [If NA chooses the above option "[bank account of the coordinator beneficiary is credited]" and more than one pre-financing payments is foreseen: If Article I.4.3 provides for a second or more pre- financing payments, the conversion rate must apply for all costs incurred in the period from the date of transfer of the related pre-financing payment until the date of transfer of the next pre- pre-financing payment.]

Currency for requests for payments and conversion into euro. Request for payment must be drafted in […]. Beneficiaries with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices. [If the NA prefers to apply an alternative conversion rate to that specified above or the national law establishes different obligations: Any conversion into euro of costs incurred in other currencies must be made by the beneficiaries at [the monthly exchange rate established by the Commission and published on its website8website6] [the daily exchange rates published in the C series of the Official Journal of the European Union]9 Union]7 applicable on the day when the [request for payment is submitted]/ [cost was incurred]/ [bank account of the coordinator is credited]/[agreement is signed by the last of the two parties]]. [If NA chooses the above option "[bank account of the coordinator is credited]" and more than one pre-financing payments is foreseen: If Article I.4.3 provides for a second or more pre- pre-financing payments, the conversion rate must apply for all costs incurred in the period from the date of transfer of the related pre-financing payment until the date of transfer of the next pre- pre-financing payment.]

Currency for requests for payments and conversion into euro. Request for payment must be drafted in […]euros. Beneficiaries The beneficiary with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.htmlxxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html ). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries The beneficiary with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices. [If the NA prefers to apply an alternative conversion rate to that specified above or the national law establishes different obligations: Any conversion into euro of costs incurred in other currencies must be made by the beneficiaries beneficiary at [the monthly exchange rate established by the Commission and published on its website8] [the website]10[the daily exchange rates published in the C series of the Official Journal of the European Union]9 Union]11 applicable on the day when the [request for payment is submitted]/ [cost was incurred]/ [bank account of the coordinator beneficiary is credited]/[agreement is signed by the last of the two parties]]. [If NA chooses the above option "[bank account of the coordinator beneficiary is credited]" and more than one pre-financing payments is foreseen: If Article I.4.3 provides for a second or more pre- pre-financing payments, the conversion rate must apply for all costs incurred in the period from the date of transfer of the related pre-financing payment until the date of transfer of the next pre- pre-financing payment.]

Currency for requests for payments and conversion into euro. Request for payment must be drafted in […]. Beneficiaries with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices. [If the NA prefers to apply an alternative conversion rate to that specified above or the national law establishes different obligations: Any conversion into euro of costs incurred in other currencies must be made by the beneficiaries at [the monthly exchange rate established by the Commission and published on its website8website5] [the daily exchange rates published in the C series of the Official Journal of the European Union]9 Union]6 applicable on the day when the [request for payment is submitted]/ [cost was incurred]/ [bank account of the coordinator is credited]/[agreement is signed by the last of the two parties]]. [If NA chooses the above option "[bank account of the coordinator is credited]" and more than one pre-financing payments is foreseen: If Article I.4.3 provides for a second or more pre- financing payments, the conversion rate must apply for all costs incurred in the period from the date of transfer of the related pre-financing payment until the date of transfer of the next pre- financing payment.]

Currency for requests for payments and conversion into euro. Request for payment must be drafted in […]. Beneficiaries with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices. [If the NA prefers to apply an alternative conversion rate to that specified above or the national law establishes different obligations: Any conversion into euro of costs incurred in other currencies must be made by the beneficiaries at [the monthly exchange rate established by the Commission and published on its website8] [the daily exchange rates published in the C series of the Official Journal of the European Union]9 applicable on the day when the [request for payment is submitted]/ [cost was 8 xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm 9 xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html incurred]/ [bank account of the coordinator is credited]/[agreement is signed by the last of the two parties]]. [If NA chooses the above option "[bank account of the coordinator is credited]" and more than one pre-financing payments is foreseen: If Article I.4.3 provides for a second or more pre- financing payments, the conversion rate must apply for all costs incurred in the period from the date of transfer of the related pre-financing payment until the date of transfer of the next pre- financing payment.]

Currency for requests for payments and conversion into euro. Request for payment must be drafted in […]. Beneficiaries with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices. [If the NA prefers to apply an alternative conversion rate to that specified above or the national law establishes different obligations: Any conversion into euro of costs incurred in other currencies must be made by the beneficiaries at [the monthly exchange rate established by the Commission and published on its website8] [the daily exchange rates published in the C series of the Official Journal of the European Union]9 applicable on the day when the [request for payment is submitted]/ [cost was incurred]/ [bank account of the coordinator is credited]/[agreement is signed by the last of the two parties]]. [If NA chooses the above option "[bank account of the coordinator is credited]" and more than one pre-financing payments is foreseen: If Article I.4.3 provides for a second or more pre- financing payments, the conversion rate must apply for all costs incurred in the period from the date of transfer of the related pre-financing payment until the date of transfer of the next pre- financing payment.]] 8 xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm 9 xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html