Requisition, Payment and Repayment

Information below on requisition, payment and repayment of grants.

Requisition of an Awarded Grant

Persons that are awarded grants are sent a grant letter containing information on how to requisite/confirm the use of the grant. The requisition is done through the application system. At this point the grantee provides his/her bank account number and social security number. The requisition form is to be submitted in the online application system as well as printed and signed and the paper version is then submitted to the Scholarship Liaison Officer. Only when this procedure is completed the awarded grant can be paid.

Payment of Grants

In the grant letter a date for payment of the grant is suggested. After this the grants are paid on a regular basis, approx. twince/month.

Grants for full-time research will be paid in monthly installments. The monthly amount is paid on the 1 or the 15 of the month from the point of time stated in the application as the starting date.

Note that payment of the grant is only possible after it has been requisited.

If the grantee is unable to use the grant for the purpose stated, the awarded amount will (as a rule after one year) be returned to the fund. Please fill out the requisition form in the system also when you know that you are not going to use the grant, and submit the signed form.

Repayment of Grants

Unused, already paid funds are to be repaid to the Hanken Foundation's account:

Bank account holder: Stiftelsen Svenska Handelshögskolan 
Nordea 218538-132 
IBAN: FI93 2185 3800 0001 32 
SWIFT/BIC : NDEAFIHH

The payment should include the name of the grantee, grant number (stated in the grant decision) and the text "repayment of grant". Please inform the Scholarship Liaison Officer at the Centre for Research and International Affairs if grants are to be repaid: stipendieombud@hanken.fi