Quiz 6

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Question 1 of 4

1. Question
What requirements must be met in order to make the first payment to the recipient of a large-scale financing agreement? (Number of correct answers: 4)
- Signed financing agreement (more than EUR 100,000) submitted to GIZ Head Office
- Signed financing agreement (more than EUR 100,000) presented to the GIZ country office
- Original GIZ ‘Advance payment request’ form, completed by the recipient, submitted to the GIZ country office (if being processed by the office)
- Confirmation of the opening of a special bank account must have been provided
- Opening of a letter of credit at GIZ Head Office by the Financial Management – Contracts sections
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Question 2 of 4

2. Question
Is there a limit for an advance payment request? (Number of correct answers: 2)
- There is no limit for advance payments.
- An advance payment may not exceed 50% of the contract volume. Payments of more than EUR 150,000 are only possible in justified exceptional cases and with approval from BMZ.
- The advance payment may not exceed EUR 150,000.
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Question 3 of 4

3. Question
Which bank fees may the recipient include in their financial settlement?
- Bank fees incurred in setting up or topping up a letter of credit may be submitted.
- All bank fees may be submitted by the recipient.
- Bank fees for the recipient's bank transfers may be submitted.
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Question 4 of 4

4. Question
Are there any specific regulations for audits?
- Agreements worth more than EUR 125,000 must be checked by an auditor.
- The recipient is required to commission an audit when the financing agreement comes to an end.
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Financing agreements

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