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Does my organisation, as coordinator of an eTEN project, need to have a special account for the project and are there any special conditions to be attached to it?

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All payments to the project are sent by the Commission to the coordinator. He will afterwards transfer their share to all partners within one month of reception. It is not necessary to create a special account but the account used must be an Euro account and be able to identify any interest accruing to the Community contribution.

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