3ROLWHFKQLNDOVNDZ*OLZLFDFK:\G]LDá$(L,,QVW\WXW(OHNWURQLNL
.LHUXQHN(OHNWURQLNDL7HOHNRPXQLNDFMD/DERUDWRULXP(OHPHQWyZ(OHNWURQLF]Q\FKVHPHVWU,,,
0DWHULDá\G\GDNW\F]QH,QVW\WXWX(OHNWURQLNL3ROLWHFKQLNLOVNLHM*OLZLFH3D(G]LHUQLNZHU
ûZLF]HQLH7UDQ]\VWRUELSRODUQ\QSQ ZNRQILJXUDFML:(
3RPLDUFKDUDNWHU\VW\NZHMFLRZ\FKLSU]HMFLRZ\FKWUDQ]\VWRUD
QSQ2%2:,=.2:(
PLQ
i =HVWDZLüXNáDGSRPLDURZ\SRND]DQ\QDU\VXQNXXVWDZLüQDSLFLH8
&(
UyZQH 9
OXEZ\EUDQHJRSU]H]SURZDG]FHJR
i =PLHU]\ü SUGRZRQDSLFLRZH FKDUDNWHU\VW\NL ZHMFLRZ 8
%(
I,
%
L SU]HMFLRZ
,
&
I,
%
GODSUGXED]\,
%
RG$GR$
i 3RZWyU]\üSRPLDU\GODLQQHMZDUWRFLQDSLFLDNROHNWRUHPLWHU8
&(
UyZQHMQS 9OXE
Z\EUDQHMSU]H]SURZDG]FHJR
,
%
9
9
P$
P$
8
&(
8
%(
5\V
:VSUDZR]GDQLX
i :\NUHOLü URG]LQ FKDUDNWHU\VW\N ZHMFLRZ\FK 8
%(
I,
%
Z OLQLRZ\P XNáDG]LH
ZVSyáU]GQ\FKZVSyOQ\Z\NUHVGODZV]\VWNLFKZDUWRFLSDUDPHWUyZ8
&(
i :\NUHOLü URG]LQ FKDUDNWHU\VW\N SU]HMFLRZ\FK ,
&
I,
%
Z OLQLRZ\P XNáDG]LH
ZVSyáU]GQ\FKZVSyOQ\Z\NUHVGODZV]\VWNLFKZDUWRFLSDUDPHWUyZ8
&(
i 'OD GZyFK SXQNWyZ SUDF\ WUDQ]\VWRUD ]EOL*RQ\FK GR ,
&
P$ L 8
&(
9 RUD]
,
&
P$L8
&(
9Z\]QDF]\üGZDRGSRZLHGQLHSDUDPHWU\PDáRV\JQDáRZHK
LMH
i 'OD W\FK VDP\FK SXQNWyZ SUDF\ WUDQ]\VWRUD Z\]QDF]\ü ZDUWRü ZVSyáF]\QQLND
Z]PRFQLHQLD SUGRZHJR GOD NRQILJXUDFML :( QRUPDOQHM
1
3RUyZQDü ] X]\VNDQ
ZDUWRFL K
H
3RPLDUFKDUDNWHU\VW\NZ\MFLRZ\FKL]ZURWQ\FKWUDQ]\VWRUDQSQ
2%2:,=.2:(
PLQ
i 8NáDG SRPLDURZ\ ] SXQNWX U\V : FHOX XVWDOHQLD SUGX NROHNWRUD XVWDZLü
QDSLFLHNROHNWRUHPLWHU8
&(
UyZQH9DQDVWSQLHGREUDüSUGED]\,
%
WDNE\ SUG
NROHNWRUD,
&
UyZQ\E\á $
i =GMüFKDUDNWHU\VW\NLZ\MFLRZ L]ZURWQ WUDQ]\VWRUD,
&
I8
&(
]DSLVXMFZDUWRFL
SUGXNROHNWRUD,
&
GODQDVWSXMF\FKZDUWRFLQDSLFLD8
&(
9 99 99 9 9 99L 9
i 3RZWyU]\üSRPLDU\GODSUGXED]\,
%
NROHMQRGZDUD]\ ZLNV]HJRQL* SRSU]HGQLR
SLü UD]\ ZLNV]HJR QL* SRSU]HGQLR L G]LHVLü UD]\ ZLNV]HJR QL* SRSU]HGQLR ]
JUXEV]D RGSRZLDGD WR SUGRZL NROHNWRUD RGSRZLHGQLR P$ P$ L P$ GOD 8
&(
UyZQHJR9
3ROLWHFKQLNDOVNDZ*OLZLFDFK:\G]LDá$(L,,QVW\WXW(OHNWURQLNL
.LHUXQHN(OHNWURQLNDL7HOHNRPXQLNDFMD/DERUDWRULXP(OHPHQWyZ(OHNWURQLF]Q\FKVHPHVWU,,,
0DWHULDá\G\GDNW\F]QH,QVW\WXWX(OHNWURQLNL3ROLWHFKQLNLOVNLHM*OLZLFH3D(G]LHUQLNZHU
:VSUDZR]GDQLX
i :\NUHOLü URG]LQ FKDUDNWHU\VW\N Z\MFLRZ\FK ,
&
I8
&(
Z OLQLRZ\P XNáDG]LH
ZVSyáU]GQ\FKZVSyOQ\Z\NUHVGODZV]\VWNLFKZDUWRFLSDUDPHWUyZ,
%
i :\NUHOLü URG]LQ FKDUDNWHU\VW\N ]ZURWQ\FK 8
%(
I8
&(
Z OLQLRZ\P XNáDG]LH
ZVSyáU]GQ\FKZVSyOQ\Z\NUHVGODZV]\VWNLFKZDUWRFLSDUDPHWUyZ,
%
i 'OD GZyFK SXQNWyZ SUDF\ WUDQ]\VWRUD ]EOL*RQ\FK GR ,
&
P$ L 8
&(
9 RUD]
,
&
P$L8
&(
9Z\]QDF]\üGZDRGSRZLHGQLHSDUDPHWU\PDáRV\JQDáRZHK
LMH
%DGDQLH SDUDPHWUyZ PDáRV\JQDáRZ\FK WUDQ]\VWRUD Z XNáDG]LH
:(SNW
PLQ
i :\NRU]\VWXMF ]QDMGXMF\ VL Z ODERUDWRULXP SU]\U]G GR SRPLDUX SDUDPHWUyZ
PDáRV\JQDáRZ\FKLSRGNLHUXQNLHPSURZDG]FHJR]PLHU]\üSDUDPHWU\K
LM
EDGDQHJR
HJ]HPSODU]DWUDQ]\VWRUDZSXQNWDFKSUDF\RNUHORQ\FKSU]H],
&
P$LP$RUD]
8
&(
9L9
:VSUDZR]GDQLX
i 3RUyZQDü ]PLHU]RQH SDUDPHWU\ PDáRV\JQDáRZH ] ZDUWRFLDPL Z\QLNDMF\PL ]
FKDUDNWHU\VW\NVWDW\F]Q\FK]PLHU]RQ\FKZSXQNWDFKL2NUHOLüMDNZ]URVWSUGX
NROHNWRUDZSá\ZDQDSDUDPHWU\PDáRV\JQDáRZHK
LM
2EVHUZDFMH FKDUDNWHU\VW\N Z\MFLRZ\FK WUDQ]\VWRUD QSQ QD
RVF\ORVNRSLH2%2:,=.2:(
PLQ
i
3RGáF]\ü (UyGáR QDSLFLD ]PLHQQHJR
SRSU]H]ZEXGRZDQ\ZPRGHOXUH]\VWRUN
RUD]NDQDá\ZHMFLRZHRVF\ORVNRSXZVSRVyE
SRND]DQ\ QD U\VXQNX 3U]HáF]\ü
RVF\ORVNRS GR WU\EX SUDF\ ;< RSHUXMF
SU]HáF]QLNDPL $&*5281''& XVWDZLü
SRF]WHN XNáDGX ZVSyáU]GQ\FK Z URGNX
HNUDQX2VF\ORVNRSPXVLE\üSRGáF]RQ\ GR
JQLD]GD
]DVLODMFHJR
EH]
EROFD
X]LHPLDMFHJR
i 2EVHUZRZDü FKDUDNWHU\VW\N
Z\MFLRZ
WUDQ]\VWRUD
QD
HNUDQLH
RVF\ORVNRSX
]PLHQLDMF Z V]HURNLP ]DNUHVLH ZDUWRFL
SUGX ED]\ ,
%
2GF]\WDü ZDUWRFL SUGX
NROHNWRUDQDRVL<HNUDQXLQDSLFLD8
&(
QD
RVL ; Z GZyFK Z\EUDQ\FK SXQNWDFK
FKDUDNWHU\VW\NL
2GQRWRZDü
SU]HELHJ
FKDUDNWHU\VW\NLGODXMHPQ\FKZDUWRFL8
&(
5\V
N:
PDVD
RVF\ORVNRSX
NDQDá<
NDQDá;
<
$&
;
,
%
:VSUDZR]GDQLX
i 1DU\VRZDüV]NLFREUD]X QDHNUDQLHRVF\ORVNRSX]Z\PLDURZDQ\ LRSLVDQ\
i :\MDQLü SU]HELHJ FKDUDNWHU\VW\NL GOD XMHPQ\FK ZDUWRFL 8
&(
RGSRZLDGDMF\FK
SUDF\LQZHUV\MQHMWUDQ]\VWRUD
3ROLWHFKQLNDOVNDZ*OLZLFDFK:\G]LDá$(L,,QVW\WXW(OHNWURQLNL
.LHUXQHN(OHNWURQLNDL7HOHNRPXQLNDFMD/DERUDWRULXP(OHPHQWyZ(OHNWURQLF]Q\FKVHPHVWU,,,
0DWHULDá\G\GDNW\F]QH,QVW\WXWX(OHNWURQLNL3ROLWHFKQLNLOVNLHM*OLZLFH3D(G]LHUQLNZHU
3RPLDU LQZHUV\MQHJR ZVSyáF]\QQLND Z]PRFQLHQLD SUGRZHJR
SNW
PLQ
i : XNáDG]LH MDN QD U\V GRNRQDü ]DPLDQ\ Z\SURZDG]H NROHNWRUD L HPLWHUD
8VWDZLü8
&¶(¶
UyZQHRNRáR 98:$*$QDOH*\XQLNDüZ\*V]\FKZDUWRFLSDUDPHWUX
8
&¶(¶
]HZ]JOGXQDRF]HNLZDQH]MDZLVNRSU]HELFLD]áF]DED]DHPLWHUSR]DPLDQLH
Z\SURZDG]H SUDFXMFHJR MDNR VSRODU\]RZDQH ]DSRURZR ]áF]H NROHNWRURZH SU]\
QDSLFLXSRODU\]DFMLZVWHF]QHMU]GX 9
i =PLHU]\ü Z SXQNWDFK SUGRZ FKDUDNWHU\VW\N SU]HMFLRZ WUDQ]\VWRUD GOD
NRQILJXUDFML:(LQZHUV\MQHM ,
&
¶ I,
%
:VSUDZR]GDQLX
i 'OD WHJR VDPHJR SXQNWX SUDF\ WUDQ]\VWRUD FR Z SXQNFLH Z\]QDF]\ü ZDUWRü
ZVSyáF]\QQLND Z]PRFQLHQLD SUGRZHJR GOD NRQILJXUDFML :( LQZHUV\MQHM
,
3RUyZQDü]ZDUWRFLDPLX]\VNDQ\PLZSXQNFLH
3RPLDUQDSLFLDQDV\FHQLDSNW
PLQ
i =HVWDZLü VFKHPDW SRPLDURZ\ ] U\VXQNX
i 3RF]\QDMF RG VWDQX SUDF\ DNW\ZQHM
WUDQ]\VWRUD PDá\ SUG ED]\ L QDSLFLH
8
&(
EOLVNLHZDUWRFL8
&&
9]ZLNV]Dü
SUG ED]\ D* GR RVLJQLFLD XPRZQHM
JUDQLF\ VWDQX QDV\FHQLD 8
&(
8
%(
W]Q
8
&%
9 2GQRWRZDü SUG ED]\ GOD
JUDQLF\VWDQXQDV\FHQLD,
%V
=ZLNV]\ü SUG ED]\ NLONDNURWQLH QS GR
,
%V
L RGQRWRZDü QDSLFLH QDV\FHQLD Z
W\PSXQNFLHSUDF\8
&HVDW
N:
,
%
8
&&
9
8
&(
5\V
:VSUDZR]GDQLX
i =GHILQLRZDü VWDQ QDV\FHQLD WUDQ]\VWRUD L RNUHOLü ZSá\Z SUGX ED]\ QD QDSLFLH
QDV\FHQLD8
&HVDW
:V]\VWNLH FKDUDNWHU\VW\NL SRZLQQ\ E\ü RGSRZLHGQLR RSLVDQH D REOLF]RQH ZDUWRFL
SUDZLGáRZR L Z\F]HUSXMFR VNRPHQWRZDQH : SU]\SDGNX RGVWSVWZ RG
SU]HZLG\ZDQ\FK]DOH*QRFLQDOH*\ZVND]DüSU]\F]\Q\L(UyGáDHZEáGyZ