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PARSEME is financially managed under the COST Grant System (see COST Vademecum, chapter 2).

The whole annual budget is transferred to an officially selected institution called the Grant Holder.

Budget expenditure is based on the yearly Work & Budget Plan negociated by the MC Chair and the COST Office and voted by the MC. Meeting, STSM, local organization and other costs are covered directly by the participants and then reimbursed via the e-COST system.

The Grant Holder's tasks include: