'1*
,167$//$7,216%(6&+5(,%81*
'
0LQGHVWDEVWDQGEHUGHU.R.KIOl.KH .P(OHNWURNR.KSODWWHQ .P*DV
gORGHU.RKOHNR.KSODWWHQ6.KUHLEHQGLH,QVWDOODWLRQVDQZHLVXQJHQGHV*DVNR.KIHOGV
HLQHQJU|HUHQ$EVWDQGYRULVWGLHVHUQDWUOL.K]XEHD.KWHQ%HIROJHQ6LHEHLGHU
,QVWDOODWLRQGLH1XPPHULHUXQJÖÖÖXQGGLHMHZHLOLJHQ$QOHLWXQJHQ
6.KOLHHQ6LHGDV*HUlWHUVWQD.KVHLQHUNRPSOHWWHQ,QVWDOODWLRQDQGDV6WURPQHW]DQ
'DV$EOXIWURKUXQGGLH%HIHVWLJXQJVV.KHOOHQZHUGHQQL.KWPLWJHOLHIHUWXQGVLQG
JHVRQGHUW]XEH]LHKHQ
,167$//$7,21'$7$6+((7
*%
0LQLPXPKHLJKWDERYH.RRNHU .PHOH.WUL..RRNHUV .PJDVJDVRLORU.RDO
.RRNHUV,IWKHLQVWDOODWLRQLQVWUX.WLRQVIRUDJDV.RRNHUVSH.LI\DJUHDWHUGLVWDQ.H
WKHQWKLVGLVWDQ.HPXVWEHREVHUYHG7RDVVHPEOHIROORZWKHQXPEHUVÖÖÖ
DQGUHODWLYHLQVWUX.WLRQV'RQRW.RQQH.WWKHKRRGWRWKHHOH.WUL.DOSRZHUVXSSO\XQWLO
LQVWDOODWLRQLV.RPSOHWHG7KHH[KDXVWSLSHDQG.ODPSVDUHQRWVXSSOLHGDQGPXVWEH
ERXJKWVHSDUDWHO\
),&+('
,167$//$7,21
)
'LVWDQ.HPLQLPDOHSDUUDSSRUWjOD.XLVLQLqUH .P.XLVLQLqUHpOH.WULTXH .P
.XLVLQLqUHjJD]PD]RXWRX.KDUERQ/H.DVp.KpDQWLOHVWQp.HVVDLUHGHUHVSH.WHUOD
GLVWDQ.HVXSpULHXUHLQGLTXpHSDUOHVLQVWUX.WLRQVG
LQVWDOODWLRQGXGLVSRVLWLIGH.XLVVRQ
jJD]3RXUOHPRQWDJHVXLYH]ODQXPpURWDWLRQÖÖÖHWOHVLQVWUX.WLRQV
.RUUHVSRQGDQWHV1HEUDQ.KH]SDVO
DSSDUHLOWDQWTXHO
LQVWDOODWLRQQ
HVWSDVWHUPLQpH
/H.RQGXLWG
pYD.XDWLRQHWOHV.ROOLHUVGHIL[DWLRQQHVRQWSDVIRXUQLVHWGRLYHQWrWUH
D.KHWpVjSDUW
,167$//$7,(.$$57
1/
0LQLPXPDIVWDQGWRWKHWNRRNWRHVWHO .PHOHNWULV.KHNRRNWRHVWHOOHQ .P
NRRNWRHVWHOOHQRSJDVROLHRINROHQ$OVGHLQVWDOODWLHLQVWUX.WLHVYDQKHWNRRNWRHVWHO
RSJDVHHQJURWHUHDIVWDQGDDQJHYHQDOVGLHKLHULVJHVSH.LIL.HHUGPRHWGDDUPHH
UHNHQLQJZRUGHQJHKRXGHQ9ROJELMPRQWDJHGHQXPPHULQJÖÖÖHQGH
ELMEHKRUHQGHDDQZLM]LQJHQ*HHIKHWDSSDUDDWJHHQVWURRPWRWGDWGHLQVWDOODWLH
KHOHPDDOLVYROWRRLG'HDIYRHUSLMSHQGHEHYHVWLJLQJVNOHPPHQZRUGHQQLHW
ELMJHOHYHUGHQPRHWHQDSDUWZRUGHQDDQJHV.KDIW