1LHPDOVLQNRPSDWLEOH3URGXNWHDQV.KOLHHQ
'LH%HQXW]XQJYRQQL.KWYRQ0LWVXELVKL(OH.WUL.KHUJHVWHOOWHQRGHUDXWRULVLHUWHQ
*HUlWHQRGHU=XEHK|UWHLOHQYRQ'ULWWKHUVWHOOHUQNDQQGLH*DUDQWLH,KUHV7HOH
IRQVXQJOWLJPD.KHQXQGHLQ6L.KHUKHLWVULVLNRGDUVWHOOHQ
1LHPDOVGLH(WLNHWWHQHQWIHUQHQ'LHGDUDXIVWHKHQGHQ=DKOHQVLQGIUGHQ.XQ
GHQGLHQVWXQGGDPLWYHUEXQGHQH'LHQVWOHLVWXQJHQZL.KWLJ
)DOOVZLUNOL.KHLQH6W|UXQJRGHUHLQ)HKOHUDXIWUHWHQVROOWHZHQGHQ6LHVL.KELWWH
DQHLQDXWRULVLHUWHV6HUYL.H&HQWHU
,Q,KUHPHLJHQHQ,QWHUHVVH
'DV*607HOHIRQLVW,KU(LJHQWXP%HKDQGHOQ6LHHVELWWHVRUJIlOWLJXQGEHD.KWHQ
6LHDOOHJOWLJHQ%HVWLPPXQJHQ'DV7HOHIRQLVWNHLQ6SLHO]HXJ%HZDKUHQ6LHHV
GDKHUMHGHU]HLWVL.KHUXQGIU.LQGHUXQ]XJlQJOL.KDXI
0HUNHQ6LHVL.KGHQ6SHUUXQGGHQ3,1&RGHGHV7HOHIRQV
0D.KHQ6LHVL.KPLWGHU9HUZHQGXQJGHU6L.KHUKHLWVPHUNPDOHYHUWUDXWGLHHLQH
XQEHUH.KWLJWH9HUZHQGXQJYHUKLQGHUQIDOOV,KU7HOHIRQXQGRGHU,KUH6,0.DUWHQ
YHUORUHQJHKHQRGHUJHVWRKOHQZHUGHQ:HQGHQ6LHVL.KELWWHXPJHKHQGDQ,KUHQ
'LHQVWHDQELHWHUXPGLHXQEHIXJWH1XW]XQJGHV*HUlWV]XYHUKLQGHUQ
6SHUUHQ6LHGDV7HOHIRQV.KDOWHQ6LHHVDXVXQGHQWIHUQHQ6LHGHQ$NNXZHQQ6LH
GDV*HUlWQL.KWEHQXW]HQ
6L.KHUKHLWV.RGHV
'DV7HOHIRQXQGGLH6,0.DUWHVLQGEHL/LHIHUXQJPLW&RGHVYRUSURJUDPPLHUWGLH
GDV7HOHIRQXQGGLH6,0.DUWHYRUXQEHIXJWHU9HUZHQGXQJV.KW]HQ
:HQQ6LH]XU(LQJDEHHLQHV&RGHVDXIJHIRUGHUWZHUGHQJHEHQ6LHGLH=DKOHLQHU
V.KHLQWDOV)ROJHYRQ
LP'LVSOD\XQGGU.NHQDXI2.
(LQJDEHIHKOHUN|QQHQJHO|V.KWZHUGHQLQGHP6LHDXI&OHDU
:HQQ6LHGHQIDOV.KHQ&RGHHLQJHEHQZLUGHLQHHQWVSUH.KHQGH0HOGXQJDQJH
]HLJW
0LWGHU6,0.DUWHZHUGHQGLHIROJHQGHQ&RGHVJHOLHIHUW
3,1XQG3,1&RGH=LIIHUQ
'LH3,13HUVRQDO,GHQWLW\1XPEHUZLUGPLWDOOHQ6,0.DUWHQJHOLHIHUWXQG
V.KW]WGLH.DUWHYRUXQEHIXJWHU%HQXW]XQJ
'HUPLWHLQLJHQ6,0.DUWHQJHOLHIHUWH3,1&RGHLVWHUIRUGHUOL.KXP=X
JDQJ]XHLQLJHQ)XQNWLRQHQGHV7HOHIRQV]XHUODQJHQ]%)L[1XPPHUQ
DXVZDKOIUGLHHLQHDQGHUH6L.KHUKHLWVHEHQHHUIRUGHUOL.KLVW
:HQQ3,1(LQJDEHLP'LVSOD\HUV.KHLQWJHEHQ6LHGHQ&RGHHLQXQG
GU.NHQ2.
:HQQGUHLPDOQD.KHLQDQGHUGHUIDOV.KH3,1&RGHHLQJHJHEHQZLUGZLUG
GLH6,0.DUWHGHDNWLYLHUWXQGGLH0HOGXQJ6,0JHVSHUUW38.HLQJHEHQ
HUV.KHLQWLP'LVSOD\8PGLH6,0IUHL]XJHEHQEHQ|WLJHQ6LHGHQ38.
&RGH3,18QEOR.N.H\GHQ6LHQXUYRQ,KUHP'LHQVWHDQELHWHUHUKDOWHQ
38.XQG38.&RGH=LIIHUQ
'HUPLWGHU6,0.DUWHJHOLHIHUWH38.&RGHZLUG]XU)UHLJDEHHLQHUJH
VSHUUWHQ6,0.DUWHYHUZHQGHW
*HEHQ6LHGHQ38.&RGHHLQZHQQ6LHGD]XDXIJHIRUGHUWZHUGHQXQG
GU.NHQ6LH2.
EHQ%HIROJHQ6LHGLH$QOHLWXQJDXIGHP'LVSOD\
'HU38.&RGHLVWHUIRGHUOL.KXP3,1]XHQWVSHUUHQ
6LHZHUGHQDXIJHIRUGHUWGHQ3,1&RGHQHXHLQ]XJH
GU.NHQ