agreed upon by the student and the two institutions concerned before the student's departure and to be updated immediately when changes occur.

     The Transcript of Records documents the performance of a student by showing the list of courses taken, the credits gained as well as the local grades and possibly ECTS grades awarded. In case of credit transfer, the Transcript of Records has to be issued by the home institution for outgoing students before departure and by the host institution for incoming students at the end of their period of study.

     How to obtain the ECTS Label? An ECTS label will be awarded to institutions which apply ECTS the proper way in all first and second cycle degree programmes. The label will raise the profile of the institution as a transparent and reliable partner in European and international cooperation.

     The criteria for the label will be: an Information Package/Course Catalogue (online or hard copy in one or more booklets) in two languages (or only in English for programmes taught in English), use of ECTS credits, samples of Learning Agreements, Transcripts of Records and proofs of academic recognition.

     An application form has been published on the web site of the Socrates, Leonardo & Youth TAO. The application deadline is Nov 1st, 2003 (and annually thereafter). The label will be valid for three academic years. The list of institutions in possession of the label will be published on the Europa web site.