The purpose of the Guide to Financial Issues relating to FP7 Indirect Actions - version 30/06/2010 - is to help participants to understand and interpret the financial provisions of the Model Grant Agreement (ECGA) that they are signing. To this end, the enclosed text tries to avoid (to the best possible extent) the use of legal references, technical vocabulary and legal jargon, and seeks to provide the reader with practical advice.

The structure of this guide mirrors the financial provisions of the ECGA, by following the same index and structure of that document. Accordingly, it should be used as a tool to clarify the provisions of the ECGA, and should be read in connection with it. Each article in the ECGA with financial implications is explained in this Guide, and examples included where appropriate. The intention is not only to explain, but also, by following the same structure, to help the reader to locate where he/she may find the answer to his/her question.

This is the second update of the "Guide to Financial issues related to FP7 Indirect Actions" published in August 2007, and updated for the first time in April 2009. Further to the entry into force of the Lisbon Treaty the terminology of the Guide has been adapted to be in line with it. The European Community has been replaced by the European Union, while the European Atomic Energy Community "Euratom" continues to exist. For the same reasons, the FP7 Model Grant Agreement was modified recently.