Cascade Agreement Meaning
However, the financial support procedure for a third party under Horizon 2020 differs considerably from  compared to the experience in which third parties became beneficiaries of the project they selected and completed with the European Commission. Instead, third parties who receive cascading funds under Horizon 2020 have signed a contract with the EU-funded project consortium, of which they become third parties.  This means that this consortium is responsible to the European Commission for the third parties to which it provides financial support and that it is therefore not necessary to legally and financially validate these third parties, which allows projects to launch open tenders more quickly/more easily in their projects. The following configuration presents two examples of cascading encryption of a futures contract. Shady boxes are contracts that are used to make the cascading process that passes into position. The trades used to produce the cascading process do not generate fees. Type Z trades are used at the daily billing price. All contracts, with the exception of monthly, weekly and daily contracts, expire through the cascading process. This process divides contracts into contracts with an expiry date close to the date of delivery, i.e. the first day of the delivery period, contracts with shorter delivery times than those of the original contract, so that it is possible to conclude covers for these contracts with others who are in the registration period and thus deduct the energy covered by the delivery period. The following graph is an example of deciphering the cascading process of an annual swap contract: The last day of registration is the business day before the first day of the delivery period. The cascading process will take place that day after the end of the registration period.
. This method of financing aims to simplify administrative procedures and to set up an easy application system, favourable to SMEs, by allowing certain EU-funded projects to make inconsible applications for additional funding.  This programme is based on the Erasmus student model and was first introduced by the European Commission as part of Horizon 2020. the Framework Programme for Research and Innovation (2014-2020) Most of the open calls under horizon 2020 cover one (or more) of the following areas: Future Internet and the next generation of the Internet, Smartization, Industry 4.0 (ICT for Industry), Internet of Things (IoT), robotics, big data, photonics, innovation at the creative chain and technology scale.