Common use of Electronic System Clause in Contracts

Electronic System. Description of the electronic system or systems including a flowchart (central or common network system or decentralised system with links between the systems) for: a) Recording and storing, in electronic form data on each measure financed from the Reserve: the name of the recipient and amount of the financial contribution from the Reserve; the name of the contractor19 and sub-contractor20, where the recipient is a contracting authority in accordance with the Union or national provision on public procurement, and value of the contract; 19 Information only required where public procurement procedures above the EU thresholds are concerned. 20 Information only required at the first level of sub-contracting, only where information is recorded on the respective contractor, and only for sub-contracts above EUR 50 000 total value. the first name, last name and date of birth of beneficial owner21, as defined by Article 3(6) of Directive (EU) 2015/849 of the European Parliament and of the Council22,, of the recipient or contractor referred to in the first and second indent of this point; where appropriate, data on individual participants. b) Ensuring that accounting records for each measure financed from the Reserve are recorded and stored, and that those records support the data required for drawing up the application for contribution. c) Maintaining accounting records of expenditure incurred and paid. d) Indicating whether the electronic systems are functioning effectively and can reliably record the data as at the date set out in point 1.2. e) Describing the procedures to ensure the electronic systems' security, integrity and confidentiality.