Advance payments
Article 11
1. Applications for advance payments may be submitted as decided by the Member State, either on a three-monthly basis in January, April, July and October or on a four-monthly basis in January, May and September. Total advance payments made for a given year shall not exceed 80 % of the initially approved amount of aid for the operational programme. 2. Advance payments shall be paid subject to the lodging of a security equivalent to 110 % thereof in accordance with Commission Delegated Regulation (EU) No 907/2014 ( 8 ) . 3. Member States may set a minimum amount and the deadlines for advance payments.