The third meeting of the Standing Committee on Finance (SCF) took place in Bonn from the 8th to the 10th March 2013. The SCF has been established by the Conference of the Parties to the UNFCCC to assist the Conference of Parties (COP) in exercising its functions with respect to the financial mechanism of the Convention. At this meeting the debate took place in both; plenary and in breakout sessions. In the plenary, Committee members discussed on the relevance of each item with regard to their core mandate as well as key elements of deliverables for the meeting. Later on, Board members were divided, depending on their interests, into breakout sessions along the item on the agenda with the view of making recommendation in the plenary for adoption by all board members, The outcomes of key items of agenda summarised in this briefing are the following: a) Fifth review of the Financial Mechanism (FM); b) Arrangements between the COP and the GCF; c) The organisation of the SCF´s forum; d) The expert inputs to the 2013 work programme of long term finance. This report paper provides summarises the key decisions taken during the third meeting of the SCF.