.$/,%5,(581*
)ROJHQGH 6FKULWWH N|QQHQ DXVJHIKUW ZHUGHQ
.DOLEULHUXQJ YRQ 0HVVZHUWHQ
,QLWLDOLVLHUXQJ YRQ (LQVWHOOZHUWHQ
.DOLEULHUXQJ YRQ 0HVVZHUWHQ
>9RUEHUHLWXQJ@
9RU GHU .DOLEULHUXQJ PVVHQ 6LH GDV *HUlW ZLH IROJW YRUEHUHLWHQ
$XVUVWXQJ
6WURPYHUVRUJXQJ
6SDQQXQJVJHQHUDWRU
:LGHUVWDQGVGHNDGHQER[
'LJLWDO9ROWPHWHU
>(UNOlUXQJ@
1RUPDOHUZHLVH LVW NHLQH -XVWLHUXQJ HUIRUGHUOLFK $OOHUGLQJV HPSIHKOHQ ZLU LQ UHJHOPlLJHQ
$EVWlQGHQ HLQH .DOLEULHUXQJ GXUFK +LQ]XIJHQ YRQ .DOLEULHUHLQJDEHVLJQDOHQ GXUFK]XIKUHQ XP
HLQH KRKH ([DNWKHLW GHU 0HVVHUJHEQLVVH ]X JHZlKUOHLVWHQ )JHQ 6LH .DOLEULHUHLQJDEHVLJQDOH GHP ]X
NDOLEULHUHQGHQ .DQDO KLQ]X =XU .DOLEULHUXQJ GHV :LGHUVWDQGVWKHUPRPHWHU(LQJDQJV IKUHQ 6LH YRU
GHU HLJHQWOLFKHQ .DOLEULHUXQJ ]XQlFKVW HLQH P9.DOLEULHUXQJ GXUFK
+LQZHLV :HQQ PLW XQJHHLJQHWHQ .DOLEULHUXQJVVLJQDOHQ JHDUEHLWHW ZLUG IXQNWLRQLHUW GDV
,QVWUXPHQW QLFKW ULFKWLJ +DOWHQ 6LH VLFK ZlKUHQG GHU .DOLEULHUXQJ VWULNW DQ
GLH REHQ DQJHJHEHQHQ 6FKULWWH $QGHUQIDOOV NDQQ GDV ,QVWUXPHQW NHLQH H[DNWHQ
(UJHEQLVVH OLHIHUQ
+LQZHLV ,VW GHU $Q]HLJHIHKOHU NOHLQ MXVWLHUHQ 6LH GLH $Q]HLJH JHPl Ä6R OHJHQ 6LH GLH 39
9HUVFKLHEXQJ IHVW´ $EVFKQLWW
>%HGLHQXQJ@
:lKOHQ 6LH Ä&DOLEUDWLRQ SDVVZRUG³ .DOLEULHUXQJVSDVVZRUW LP 0HQELOGVFKLUP XQG JHEHQ 6LH
GDV 3DVVZRUW ij HLQ ZRUDXIKLQ GHU IROJHQGH %LOGVFKLUP Ä(LFKXQJ³ HUVFKHLQW
#%*670)
$(%
$XÀ|VXQJ 9 P9%HUHLFK
$XVJDQJVLPSHGDQ] ZHQLJHU DOV
%HUHLFK ELV
$Q]HLJH 0HKU DOV XQG 6WHOOHQ
$XÀ|VXQJ 9 P9 %HUHLFK
)KUHQ 6LH GLH 2SWLRQHQ Ä$QGHUH )XQNWLRQHQ³ XQG Ä'DWHQLQLWLDOLVLHUXQJ
HLQVWHOOHQ³ 1,&+7 DXV GHQQ VLH VLQG ]XU DOOHLQLJHQ 9HUZHQGXQJ GXUFK
GHQ +HUVWHOOHU YRUJHVHKHQ $QGHUQIDOOV NDQQ HV ]X )HKOIXQNWLRQHQ GHV
,QVWUXPHQWHV NRPPHQ EHLVSLHOVZHLVH ]XU IDOVFKHQ $Q]HLJH YRQ 0HVVZHUWHQ
RGHU ]XP =XUFNVHW]HQ YRQ :HUWHQ DXI GHQ $XVOLHIHUXQJV]XVWDQG
6SH]L¿NDWLRQHQ
ELV 9 $& $
ELV 9 '&
$XÀ|VXQJ