?
(
(
+J
(LQ]HONRQWHQYHUZDOWHQ
6RIWWDVWH
GUFNHQ
=
0LW6RIWWDVWHQ
ELV0HQ3XQNW
<;
6RIWWDVWH
GUFNHQ
=
)DNWRUHLQJHEHQ
1XUZHQQ:lKUXQJJHlQGHUWZLUG
:lKUXQJVEXFKVWDEHQHLQJHEHQRGHULP8QWHUPHQ
DXVZlKOHQXQGHLQIJHQ(XUR
6RIWWDVWH
GUFNHQ
N
0HQ3XQNW
(LQWUDJVLFKHUQ
6RIWWDVWH
GUFNHQ
=
+|UHUDEQHKPHQXQGZLHGHUDXIOHJHQ
0LWYLHU(LQ]HONRQWHQHUIDVVHQ6LHJHWUHQQWGLH7HOHIRQNRVWHQYRQYLHU%HQXW
]HUQ%HQXW]HUJUXSSHQ)UMHGHV.RQWRN|QQHQ6LH]XU.RVWHQEHJUHQ]XQJHLQ
.RVWHQ/LPLWIHVWOHJHQ'DPLWGLH.RVWHQLQ'0%HWUlJHQDQJH]HLJWZHUGHQN|Q
QHQPVVHQ6LHQRFKGLH.RVWHQSUR(LQKHLWIHVWOHJHQVLHKH6HLWH 6LHN|Q
QHQGLH.RQWRVWlQGHGHUYLHU(LQ]HONRQWHQHLQ]HOQDEIUDJHQXQGMHGHV.RQWR
HLQ]HOQDXI1XOO]XUFNVHW]HQRGHUDXIO|VHQ'LH.RQWR3,1GHU(LQ]HONRQWHQ
N|QQHQ6LHEHL%HGDUIlQGHUQXP,KU7HOHIRQYRU0LVVEUDXFK]XVFKW]HQ
%HYRUHLQH5XIQXPPHUJHZlKOWZHUGHQNDQQPXVVVLFKMHGHU%HQXW]HUPLWVHL
QHU.RQWR3,1VWHOOLJH*HKHLP]DKOLGHQWLIL]LHUHQ
,VWGDV/LPLWHUUHLFKWVRZLUGHLQODXIHQGHV*HVSUlFKDEJHEURFKHQZHQQ6LHGLH
´hEHUPLWWOXQJGHU7DULILQIRUPDWLRQZlKUHQGGHV*HVSUlFKVµEHLGHU'HXWVFKHQ
7HOHNRPEHDXIWUDJWKDEHQ,QGLHVHP)DOOVLQGZHLWHUHQ$QUXIHEHUGLHVHV(LQ
]HONRQWRQLFKWPHKUPHKUP|JOLFKDXVJHQRPPHQ1RWUXIHXQGDQNRPPHQGH
*HVSUlFKH
8P,KU7HOHIRQZLHGHURKQH(LQJDEHGHU.RQWR3,1QXW]HQ]XN|QQHQPVVHQ
GLH(LQ]HONRQWHQZLHGHUDXVJHVFKDOWHWZHUGHQVLHKH6HLWH
'LH*HVDPWNRVWHQZHUGHQLP6XPPHQNRQWRYHUZDOWHW
)DNWRU
:lKUXQJV]HLFKHQ
N
3IXQG
'ROODU
_
ZLUGDQJH]HLJW