According to the Erasmus Mundus Action 2 programme guide:

Neither European nor third-country students can benefit from a second scholarship for the same type of mobility under another project under the EMA2-STRAND1.

This rule does not apply to Staff candidates. Furthermore, staff candidates cannot benefit from more than one mobility activity within the same project.

You can find the template here:  Second_scholarship_declaration.

If you are a degree-seeking student, you will by enroll directly in the host university, so you do not need to make any recognition.

In this context the Learning Agreement and transcript of records are the key documents that ensure the recognition by the home institution of the study period abroad, referring to a Diploma Supplement, if appropriate.

The Learning Agreement should be signed by responsible authorities within the home and hosting HEIs, as well as the student before the mobility starts. Any modifications to the Learning Agreement need to be agreed by all three parties.

The Learning Agreement should be signed by responsible authorities within the home and hosting universities, as well as the student before the mobility starts. Any modifications to the Learning Agreement need to be agreed by all three parties.

The Learning Agreement and the transcript of records guarantee the transfer of credits for courses passed successfully by the exchange student. The relevant person in charge at the home university carries out the recognition after the student returns to his/her home institution.

However, exchange students will be provided with a transcript of records specifying the credits obtained for each of the courses successfully completed.

If your scholarship is for the whole length of the Master´s course or until completion of your PhD, you will receive the relevant title on successful completion, from your host university in the EU country. You will need to comply with the local admission requirements for that grade.

Staff mobility can start at any time within the project duration, before Summer 2016.

Please see How long can I stay page.

It has to be borne in mind that obtaining the necessary visas can be a lengthy process. The international offices of the host university will advise you on how to proceed.

In this context, a European or third-country student/ staff member benefiting from a mobility scholarship under the present cooperation scheme is not entitled to be awarded additional grants from other EU initiatives for the same purpose.