3U]\JRWRZDQLHGRLQVWDODFML

-H HOL E G]LHV] FKFLDá X \ZDü SRá F]HQLD W\SX 333R(

PXVLV]X]\VNDüGRGDWNRZRQDVW SXM FHSDUDPHWU\RGVZRMH

JR ,63

x 8VHUQDPH±QD]ZDX \WNRZQLND

x 3DVVZRUG± KDVáRX \WNRZQLND

3RGá F]HQLH'RPRZHM%UDPNL,QWHUQHWRZHM

$60$;%URDGEDQG5RXWHU¶D%5[[GRVLHFL

3U]HGLQVWDODFM 'RPRZHM%UDPNL,QWHUQHWRZHME G]LHV]PXVLDáVSUDZG]Lü

XVWDZLHQLD VZRMHJR NRPSXWHUD RUD] ]JURPDG]Lü ZV]\VWNLH QLH]E GQH SDUDPHWU\

RWU]\PDQHJRRGVZRMHJRGRVWDZF\XVáXJLQWHUQHWRZ\FK,63

8VWDZLHQLDSDUDPHWU\NWyUHPR HV]X]\VNDüRGVZRMHJR,63

x '\QDPLF]QHXVWDZLHQLHSDUDPHWUyZSURWRNRáX,3

x $GUHV,3SU]\G]LHORQ\GODWZRMHJRURXWHU¶D

x 0DVNDVLHFL

x 7ZRMDGRP\ ODQDEUDPND

x $GUHV\VHUZHUyZ'16

6WDW\F]QHXVWDZLHQLDSURWRNRáX,3WZRMHJRNRPSXWHUD

 VWDá\SU]\SLVDQ\DGUHV,3

 PDVNDVLHFL

 GRP\ OQDEUDPND

 DGUHVSRGVWDZRZHJRVHUZHUD'16

'RP\ OQLHURXWHUSRVLDGD

XVWDZLRQ\DGUHV,3

8:$*$

8:$*$

3U]\JRWRZDQLHGRLQVWDODFML

-H HOL%5PLDáE\SU]\G]LHODüWZRLPNRPSXWHURPSD

UDPHWU\SURWRNRáX,3ZVSRVyEDXWRPDW\F]Q\PXVLV]Zá F]\ü

RGSRZLHGQL IXQNFM GRVW SQ Z NRQILJXUDFML SURWRNRáX

7&3,3RSLVZGDOV]HMF] FLLQVWUXNFML

'\QDPLF]QHXVWDZLHQLDSURWRNRáX,3WZRMHJRNRPSXWHUD

3ROHFDP\XVWDZLHQLHRSFMLDXWRPDW\F]QHJRX]\VNDQLDSDUDPHWUyZSURWR

NRáX,3:XVWDZLHQLDFKGRP\ OQ\FK%5PDZá F]RQ\VHUZHU'+&3LSU]\G]LHOL

RQZVSRVyEDXWRPDW\F]Q\ZV]\VWNLHQLH]E GQHSDUDPHWU\SURWRNRáX,3WZRLP

NRPSXWHURPSUDFXM F\PZVLHFLORNDOQHM

,QVWDODFMDVSU] WRZD

0DM F ZU NXZV]\VWNLHSRSU]HGQLHSDUDPHWU\PR HV]UR]SRF] ü VSU] 

WRZ LQVWDODFM RUD]NRQILJXUDFM URXWHU¶D

6SUDZG F]\ WZRMH NRPSXWHU\ VLHü /$1 WZyM PRGHP $'6/  PRGHP

NDEORZ\L%5PDM GRVW S GR]DVLODQLD

3RGá F]NDEHO]DVLODM F\GRJQLD]GD]QDMGXM FHJRVL QDW\OQLPSDQHOX%5¶D

D QDVW SQLHSRGá F]]DVLODF]GRJQLD]GD9$&

3RGá F]]DSRPRF NDEOD873NRPSXWHU\GRZROQ\FKSRUWyZ/$1]QDMGX

M F\FKVL QDW\OQLPSDQHOX%5¶D

3RGá F]NDEHOVLHFLRZ\873RGWZRMHJRPRGHPX$'6/PRGHPXNDEOR

ZHJRGRSRUWX:$1(WKHUQHW]QDMGXM FHJRVL QDW\OQLPSDQHOX%5¶D

-H HOL Z\NRQDáH ZV]\VWNLH Z\PLHQLRQH F]\QQR FL PR HV]

NRQW\QXRZDü GDOV] NRQILJXUDFM XU] G]HQLD RSLVDQ QD QDVW S

Q\FKVWURQDFK

8:$*$