Navodilo za uporabo SONY MDR-EX38IP

[. . . ] Y VLOL YVWRS LQ SRPLNDQMH SR JODYQLK PHQLMLK YVWRS Y 3RLãþL LQ NOLþL YVWRS Y 6H]QDP NOL. HY NOL. QD WHOHIRQVNL SUHGDO YSLV ]QDND L]NORS ]YRQMHQMD RE SUHMHPX NOL. D YSLãLWH PHGQDURGQR ãWHYLONR ]D NOL. Y VLOL LQ SULWLVQLWH <(6 SULWLVQLWH DOL SULWLVQLWH DOL SULWLVQLWH <(6 GDOM þDVD GUåLWH SULWLVQMHQR WLSNR GDOM þDVD GUåLWH SULWLVQMHQR WLSNR SULWLVQLWH DOL HQNUDW SRWLVQLWH WLSNR ]D QDVWDYOMDQMH JODVQRVWL QDY]JRU DOL QDY]GRO GDOM þDVD GUåLWH SULWLVQMHQR WLSNR GRVWRS GR ãWHYLONH QD GRORþHQHP SRORåDMX KLWUR NOL. DQMH YNORS WLKHJD GHORYDQMD WHOHIRQD DOL ]DNOHSDQMD WLSNRYQL. H GRVWRS GR RVHEH Y LPHQLNX NL VH ]DþQH ] GRORþHQR þUNR r fo ot N om C se U al i rc me GDOM þDVD GUåLWH SULWLVQMHQR NDWHURNROL WLSNR RG ± YSLãLWH ãWHYLONR SRORåDMD LQ SULWLVQLWH NDWHURNROL RG WLSN ± LQ <(6 LVNDQMH RVHEH QD VH]QDPX GDOM þDVD GUåLWH SULWLVQMHQR 3RLãþL LQ NOLþL WLSNR YVWRS Y SUYL SRGPHQL GDOM þDVD GUåLWH SULWLVQMHQR PHQLMD 0RMH EOLåQML. H WLSNR YVWRS Y PHQL 6WDQMH WLSNR ]D QDVWDYOMDQMH NL NDåH WRþHQ GDWXP JODVQRVWL SRWLVQLWH QDY]JRU XSRUDEOMHQ SURILO LQ LPH DOL QDY]GRO PRGHOD WHOHIRQD VSUHPHPED MH]LND SULWLVQLWH QD 6DPRGHMQR VSUHPHPED MH]LND SULWLVQLWH QD (QJOLVK ]DYUQLWHY NOL. D RE SUHMHPX NOL. D KLWUR GYDNUDW SRWLVQLWH WLSNR ]D QDVWDYOMDQMH JODVQRVWL QDY]JRU DOL QDY]GRO DOL SULWLVQLWH 12 6SR]QDYDQMH WHOHIRQD =D « 0HG NOL. HP =D « ]DGUåDQMH NOL. D SRQRYQL VSUHMHP NOL. D L]NORS PLNURIRQD =D « SULWLVQLWH <(6 SULWLVQLWH ãH HQNUDW <(6 GDOM þDVD GUåLWH SULWLVQMHQR WLSNR 9 PHQLMLK 0HG YSLVRYDQMHP þUN QD RELþDMHQ QDþLQ YSLV WUHWMH þUNH DOL ]QDND QD WLSNL SRPLNDQMH SR PHQLMLK LQ VH]QDPLK WLSNR ]D QDVWDYOMDQMH JODVQRVWL SRWLVQLWH LQ ]DGUåLWH QDY]JRU DOL QDY]GRO YVWRS Y PHQL ] PRåQRVWPL SULWLVQLWH DOL SRPRþMR þH MH QD YROMR EULVDQMH L]ELUH GDOM þDVD GUåLWH SULWLVQMHQR WLSNR NR VWH Y VH]QDPX YUQLWHY Y SULSUDYOMHQRVW GDOM þDVD GUåLWH SULWLVQMHQR WLSNR 12 =D « YSLV GUXJH þUNH DOL ]QDND QD WLSNL r fo ot N om C se U al i rc me SUHNORS PHG YHOLNLPL LQ PDOLPL þUNDPL YSLV ãWHYLONH YSLV YSUDãDMD YSLV ]QDND YSLV SUHVOHGND EULVDQMH þUN LQ ãWHYLON SUHNORS PHG RELþDMQLP QDþLQRP YQRVD LQ 7 0HG YSLVRYDQMHP þUN QD RELþDMHQ QDþLQ SRWLVQLWH WLSNR ]D QDVWDYOMDQMH JODVQRVWL QDY]JRU LQ SULWLVQLWH NDWHURNROL WLSNR ]D SLVDQMH ãWHYLON SRWLVQLWH WLSNR ]D QDVWDYOMDQMH JODVQRVWL QDY]GRO LQ SULWLVQLWH NDWHURNROL WLSNR ]D SLVDQMH ãWHYLON SULWLVQLWH SRWHP SD þUNR GDOM þDVD GUåLWH SULWLVQMHQR NDWHURNROL WLSNR ]D YSLVRYDQMH ãWHYLON WLSNR ]D QDVWDYOMDQMH JODVQRVWL SRWLVQLWH QDY]JRU LQ SULWLVQLWH WLSNR ]D QDVWDYOMDQMH JODVQRVWL SRWLVQLWH QDY]GRO LQ SULWLVQLWH SULWLVQLWH SULWLVQLWH GDOM þDVD GUåLWH SULWLVQMHQR WLSNR 6SR]QDYDQMH WHOHIRQD =D « 0HG YSLVRYDQMHP þUN QD RELþDMHQ QDþLQ =D « 0HG YQRVRP ãWHYLON SUHNORS PHG MH]LNL LQ GUXJLPL QDþLQL YQRVD ]QDNRY LQ þUN =D « GDOM þDVD GUåLWH SULWLVQMHQR WLSNR 0HG YSLVRYDQMHP þUN V VORYDUMHP 7 YSLV S SDY]D SULND] GUXJLK EHVHG VSUHMHP EHVHGH LQ YSLV SUHVOHGND YSLV SLNH SULND] GUXJLK ORþLO SUHNORS PHG YHOLNLPL LQ PDOLPL þUNDPL YSLV ãWHYLONH SULWLVQLWH SULWLVQLWH DOL EULVDQMH þUN LQ ãWHYLON SUHNORS PHG RELþDMQLP QDþLQRP YQRVD LQ 7 SUHNORS PHG MH]LNL LQ GUXJLPL QDþLQL YQRVD ]QDNRY LQ þUN r fo ot N SULWLVQLWH SULWLVQLWH SRWHP SD YHþNUDW DOL SULWLVQLWH SRWHP SD þUNR GDOM þDVD GUåLWH SULWLVQMHQR NDWHURNROL WLSNR ]D YSLVRYDQMH ãWHYLON SULWLVQLWH GDOM þDVD GUåLWH SULWLVQMHQR WLSNR GDOM þDVD GUåLWH SULWLVQMHQR WLSNR om C se U al i rc me GDOM þDVD GUåLWH SULWLVQMHQR WLSNR NR YQDãDWH ãWHYLONH DOL VKUDQMXMHWH NRGH 8SRUDED EOLåQML. +LWUHMãL QDþLQ ]D SRPLNDQMH SR PHQLMLK MH XSRUDED EOLåQML. [. . . ] Y]SRVWDYL ERVWH ]DVOLãDOL JODVHQ VLJQDO 7HOHIRQ ]QRYD SRNOLþH ãWHYLONR GR GHVHWNUDW DOL GRNOHU VH NOL. QH Y]SRVWDYL GRNOHU QH SULWLVQHWH QD NDWHURNROL WLSNR DOL SUHMPHWH NOL. D 2SRPED 6DPRGHMQR SRQRYQR NOL. DQMH QL QD YROMR ]D SRGDWNRYQH NOL. H . OL. L Y VLOL . OL. Y VLOL 9SLãLWH PHGQDURGQD ãWHYLOND ]D NOL. H Y VLOL <(6 9Dã WHOHIRQ (UL. VVRQ SRGSLUD XSRUDER PHGQDURGQLK ãWHYLON ]D NOL. Y VLOL LQ 7R SRPHQL GD JD ODKNR RELþDMQR XSRUDELWH ]D NOL. Y VLOL Y NDWHULNROL GUåDYL ] YVWDYOMHQR NDUWL. R 6, 0 DOL QH þH VWH OH Y GRVHJX RPUHåMD *60 0HGQDURGQL NOL. L 7LSNR GUåLWH SULWLVQMHQR GRNOHU VH QH L]SLãH ]QDN =QDN QDGRPHãþD PHGQDURGQR L]VWRSQR NRGR GUåDYH L] NDWHUH NOLþHWH 9SLãLWH NRGR GUåDYH SRGURþQR NRGR EUH] SUYH QLþOH LQ WHOHIRQVNR ãWHYLONR 3ULWLVQLWH <(6 1DVYHW =QDN LQ YVWRSQR NRGR GUåDYH SULSRURþDPR GRGDWL YVHP ãWHYLONDP VDM ODKNR WDNR VKUDQMHQR ãWHYLONR XSRUDEOMDWH WXGL Y WXMLQL r fo ot N om C se U al i rc me 2SRPED 1HNDWHUL RPUHåQL RSHUDWHUML ODKNR ]DKWHYDMR GD MH YVWDYOMHQD NDUWL. D 6, 0 QHNDWHUL SD WXGL GD YSLãHWH NRGR 3, 1 9 QHNDWHULK GUåDYDK VH XSRUDEOMDMR WXGL GUXJH ãWHYLONH ]D NOL. Y VLOL 9 WHP SULPHUX MH PRUGD YDã RSHUDWHU QD NDUWL. R 6, 0 VKUDQLO GRGDWQH ORNDOQH ãWHYLONH ]D NOL. Y VLOL 3UHJOHGRYDQMH ORNDOQLK ãWHYLON ]D NOL. Y VLOL 3RLãþLWH , PHQLN3RVHEQH ãWHY626 ãWHYLONH 6SUHMHP NOL. HY . R SUHMPHWH NOL. WHOHIRQ ]D]YRQL QD ]DVORQX SD VH L]SLãH YSUDãDQMH 6SUHMPHP" ýH MH ]D GRKRGQL NOL. ãWHYLOND VNULWD VH L]SLãH âWHYLOND VNULWD . OL. DQMH 6SUHMHP NOL. D 3ULWLVQLWH <(6 =D ]DYUQLWHY NOL. D 3ULWLVQLWH 12 1HRGJRYRUMHQL NOL. L ýH NOL. D QLVWH VSUHMHOL VH Y SULSUDYOMHQRVWL QD ]DVORQX L]SLãH 1HRGJRYRUMHQL NOL. L R]QDþXMH ãWHYLOR QHRGJRYRUMHQLK NOL. HY 3UHYHUMDQMH QHRGJRYRUMHQLK NOL. HY . R VH L]SLãH 1HRGJRYRUMHQL NOL. L SULWLVQLWH <(6 GD VH L]SLãHMR QHRGJRYRUMHQL NOL. L ýH åHOLWH SRNOL. DWL ãWHYLONR V VH]QDPD MR SRLãþLWH LQ SULWLVQLWH <(6 . OL. DQMH ãWHYLONH V VH]QDPD NOL. HY ýH åHOLWH YVWRSLWL Y VH]QDP NOL. HY Y SULSUDYOMHQRVWL SULWLVQLWH <(6 3RLãþLWH åHOHQR ãWHYLONR LQ SULWLVQLWH <(6 6H]QDP NOL. HY âWHYLONH ]DGQMLK NOL. HY NL VWH MLK RSUDYLOL VH VKUDQLMR QD VH]QDP NOL. HY ýH YDãD QDURþQLQD YVHEXMH VWRULWHY , GHQWLILND. LMD NOL. QH OLQLMH &/, LQ þH MH ãWHYLOND NOLþRþHJD QD YROMR VH QD VH]QDP NOL. HY VKUDQLMR WXGL VSUHMHWL LQ QHRGJRYRUMHQL NOL. L r fo ot N om C se U al i rc me %ULVDQMH VH]QDPD NOL. HY 3RLãþLWH . OL. L <(6 0RåQRVWL <(6 =EU VH]Q NOL. <(6 9NORS LQ L]NORS VH]QDPD NOL. HY 3RLãþLWH . OL. L <(6 0RåQRVWL <(6 6H]QDP NOL. HY <(6 , PHQLN 9 LPHQLN ODKNR VKUDQLWH YVH NRQWDNWQH LQIRUPD. LMH NL MLK SRWUHEXMHWH 'RGDMDQMH RVHEH 3RLãþLWH , PHQLN <(6 'RGDM RVHER <(6 3RLãþLWH åHOHQR SROMH LQ SULWLVQLWH <(6 9SLãLWH LQIRUPD. LMR LQ SULWLVQLWH <(6 . R YSLãHWH YVH LQIRUPD. LMH SRLãþLWH 6KU LQ NRQþDP" <(6 1DVYHW ýH åHOLWH YSLVDWL QHVKUDQMHQR ãWHYLONR NR VWH LQ L]EHULWH Y SROMX ]D YSLV ãWHYLONH SULWLVQLWH <(6 ãWHYLONR V VH]QDPD QHVKUDQMHQLK ãWHYLON . OL. DQMH 6OLNH LQ RVHEQR ]YRQMHQMH 2VHEL ODKNR GRGDWH VOLNR LQ RVHEQL QDþLQ ]YRQMHQMD 'RGDMDQMH VOLNH RVHEL Y LPHQLNX 3RLãþLWH , PHQLN <(6 6OLNH <(6 9SLãLWH SUYR þUNR LPHQD RVHEH LQ SULWLVQLWH <(6 . R MH RVHED R]QDþHQD SULWLVQLWH <(6 6 WHP YVWRSLWH Y 0RMH VOLNH , ]EHULWH VOLNR LQ GYDNUDW SULWLVQLWH <(6 , ]EHULWH =QDþLOQR ]YRQM þH åHOLWH GRGDWL RVHEQL QDþLQ ]YRQMHQMD . OL. DQMH RVHEH 9 SULSUDYOMHQRVWL GDOM þDVD GUåLWH SULWLVQMHQR XVWUH]QR WLSNR ]D YSLVRYDQMH ãWHYLON ± GD VH L]SLãH SUYD RVHED NDWHUH LPH VH ]DþQH V SUYR þUNR QD SULWLVQMHQL WLSNL DOL QDVOHGQMD 1D SULPHU ] GDOMãLP SULWLVNRP QD QDMGHWH SUYR RVHER NDWHUH LPH VH ]DþQH ] ´-´ ýH åHOLWH QDMWL RVHER NDWHUH LPH VH ]DþQH ] ´/´ Y VH]QDPX RVHE WULNUDW SULWLVQLWH . R MH R]QDþHQD åHOHQD RVHED SULWLVQLWH <(6 3RLãþLWH åHOHQR ãWHYLONR LQ SULWLVQLWH <(6 ýH MH ] RVHER SRYH]DQD OH HQD ãWHYLOND RE NRUDNX GDOM þDVD GUåLWH SULWLVQMHQR WLSNR <(6 1DVYHW =D NOL. DQMH RVHEH ODKNR XSRUDELWH WXGL PRåQRVW 3RLãþL LQ NOLþL Y PHQLMX , PHQLN 8UHMDQMH LPHQLND . R MH WR SRWUHEQR ODKNR SUHSURVWR SRVRGRELWH DOL ]EULãHWH YVH LQIRUPD. LMH R RVHEL r fo ot N om C 8UHMDQMH RVHEH 3RLãþLWH , PHQLN <(6 'HOR ] RVHER <(6 8UHGL RVHER <(6 9SLãLWH SUYR þUNR LPHQD RVHEH LQ SULWLVQLWH <(6 . R MH RVHED R]QDþHQD SULWLVQLWH <(6 , ]EHULWH 8UHGL LQIR <(6 3RLãþLWH åHOHQR SROMH LQ SULWLVQLWH <(6 9SLãLWH LQIRUPD. LMR LQ SULWLVQLWH <(6 . R YSLãHWH YVH LQIRUPD. LMH SRLãþLWH 6KU LQ NRQþDP" <(6 %ULVDQMH RVHEH 3RLãþLWH , PHQLN'HOR ] RVHER=EULãL RVHER 3RWHP L]EHULWH RVHER LQ GYDNUDW SULWLVQLWH <(6 se U al i rc me . OL. DQMH %ULVDQMH YVHK RVHE 3RLãþLWH , PHQLN1DSUHGQR=EULãL YVH 2SRPED 9SLVL QD NDUWL. L 6, 0 QH ERGR ]EULVDQL 3ULY]HWD VWDQGDUGQD ãWHYLOND 9VDND RVHED LPD SULY]HWR ãWHYLONR 3UYD ãWHYLOND NL MR YSLãHWH ]D RVHER SRVWDQH VDPRGHMQR SULY]HWD ãWHYLOND ýH SRLãþHWH GRORþHQR RVHER V IXQN. LMR 3RLãþL LQ NOLþL LQ ]D GDOM þDVD SULWLVQHWH QD <(6 SRNOLþHWH SULY]HWR ãWHYLONR 1DVWDYOMDQMH SULY]HWH ãWHYLONH 3RLãþLWH , PHQLN <(6 'HOR ] RVHER <(6 8UHGL RVHER <(6 9SLãLWH SUYR þUNR LPHQD RVHEH LQ SULWLVQLWH <(6 . R MH RVHED R]QDþHQD SULWLVQLWH <(6 , ]EHULWH 3ULY]HWD ãWHY <(6 3RLãþLWH åHOHQR ãWHYLONR LQ SULWLVQLWH <(6 6NXSLQH 8VWYDULWH ODKNR VNXSLQR RVHE 7DNR ODKNR SRãLOMDWH VSRURþLOD YHþ SUHMHPQLNRP KNUDWL *OHMWH ´3RãLOMDQMH VSRURþLO´ QD VWUDQL r fo ot N om C se U al i rc me 8VWYDUMDQMH VNXSLQH RVHE 3RLãþLWH , PHQLN <(6 'HOR ] RVHER <(6 6NXSLQH <(6 'RGDP VNXSLQR" <(6 9SLãLWH LPH ]D VNXSLQR LQ SULWLVQLWH <(6 , ]EHULWH 'RGDP þODQD" <(6 9SLãLWH SUYH þUNH LPHQD åHOHQH RVHEH 3ULWLVQLWH <(6 âWHYLONR L]EHUHWH V WLSNR <(6 , ]EHULWH ãWHYLONR LQ SULWLVQLWH <(6 3RQDYOMDMWH NRUDNH ± þH åHOLWH GRGDWL YHþ þODQRY 9L]LWNH 9 LPHQLN ODKNR GRGDWH ODVWQR YL]LWNR <(6 'RGDMDQMH ODVWQH YL]LWNH 3RLãþLWH , PHQLN <(6 'HOR ] RVHER <(6 , ]EHULWH 'RGDM <(6 0RMD NDUWL. D , ]PHQMDYD YL]LWN 9L]LWNH ODKNR L]PHQMDWH SUHN , 5 606 DOL 006 3RãLOMDQMH YDãH YL]LWNH 3RLãþLWH , PHQLN <(6 'HOR ] RVHER <(6 0RMD NDUWL. D <(6 3RãOML <(6 , ]EHULWH QDþLQ SUHQRVD LQ SULWLVQLWH <(6 . OL. DQMH 6SUHMHP YL]LWNH SUHN , 5 9 SULSUDYOMHQRVWL SULWLVQLWH SRLãþLWH 9NOMXþL , 5 <(6 . R SUHMPHWH YL]LWNR SULWLVQLWH <(6 âH HQNUDW SULWLVQLWH <(6 GD VKUDQLWH YL]LWNR Y LPHQLN 6KUDQMHYDQMH YL]LWNH Y YHþSUHGVWDYQRVWQHP VSRURþLOX 3RLãþLWH 6SRURþLOD <(6 006 <(6 3RLãþLWH 3UHMHWR <(6 L]EHULWH VSRURþLOR <(6 3RLãþLWH YL]LWNR LQ MR VSUHMPLWH V WLSNR <(6 3RãLOMDQMH RVHEH 3RLãþLWH , PHQLN <(6 'HOR ] RVHER <(6 3RãOML RVHER <(6 9SLãLWH SUYH þUNH LPHQD åHOHQH RVHEH 3ULWLVQLWH <(6 âWHYLONR L]EHUHWH V WLSNR <(6 , ]EHULWH QDþLQ SUHQRVD LQ SULWLVQLWH <(6 . RSLUDQMH RVHE 2VHEH ODKNR NRSLUDWH PHG SRPQLOQLNRP WHOHIRQD LQ NDUWL. R 6, 0 âWHYLOR RVHE NL MLK ODKNR VKUDQLWH MH RGYLVQR RG NDUWL. H 6, 0 . RSLUDQMH LPHQ LQ ãWHYLON QD NDUWL. R 6, 0 3RLãþLWH , PHQLN1DSUHGQR. RS YVH QD 6, 0 ýH Y WHOHIRQ YVWDYLWH NDUWL. R 6, 0 ] åH VKUDQMHQLPL RVHEDPL MLK ODKNR SRNOLþHWH WDNR GD L]EHUHWH , PHQLN 1DSUHGQR. OLþL L] 6, 0 ýH åHOLWH XUHMDWL RVHEH VKUDQMHQH QD NDUWL. L 6, 0 MLK PRUDWH QDMSUHM NRSLUDWL Y WHOHIRQ 3RãLOMDQMH YVHK RVHE VDPR SUHN , 5 3RLãþLWH , PHQLN1DSUHGQR3RãOML YVH <(6 r fo ot N om C se U al i rc me 2SRPED 3UL NRSLUDQMX SD]LWH GD QHKRWH QH ]EULãHWH SRGUREQRVWL . RSLUDQMH LPHQ LQ ãWHYLON Y WHOHIRQ 3RLãþLWH , PHQLN1DSUHGQR. RSLUDQMH L] 6, 0 1DVYHW . R L]EHUHWH LPH Y PHQLMX . OLþL L] 6, 0 ODKNR LPH LQ ãWHYLONR NRSLUDWH Y WHOHIRQ V SULWLVNRP QD SRWHP SD L]EHULWH . RSLUDM QD WHOHI . OL. DQMH +LWUR NOL. DQMH âWHYLONH NL MLK åHOLWH LPHWL KLWUR GRVWRSQH VKUDQLWH QD SRORåDMH ± QD NDUWL. L 6, 0 . OL. DQMH WHK ãWHYLON Y SULSUDYOMHQRVWL 9SLãLWH ãWHYLONR SRORåDMD LQ SULWLVQLWH <(6 6SUHPLQMDQMH ãWHYLON SRORåDMD 3RLãþLWH , PHQLN <(6 1DSUHGQR <(6 6H]QDP SRORå <(6 3RLãþLWH åHOHQR ãWHYLONR LQ SULWLVQLWH <(6 3RLãþLWH åHOHQL SRORåDM LQ SULWLVQLWH <(6 . R NRQþDWH SULWLVQLWH 12 ]D L]KRG DOL <(6 ]D VKUDQMHYDQMH QD 6, 0 7HOHIRQVNL SUHGDO ýH YDãD QDURþQLQD YNOMXþXMH WHOHIRQVNL SUHGDO YDP ODKNR NOLþRþL SXVWLMR JRYRUQR VSRURþLOR NDGDU QH PRUHWH VSUHMHWL NOL. D 6SUHMHP VSRURþLO L] WHOHIRQVNHJD SUHGDOD *OHGH QD RSHUDWHUMD RPUHåMD ERVWH R QRYHP VSRURþLOX Y WHOHIRQVNHP SUHGDOX REYHãþHQL V VSRURþLORP 606 DOL ] ]QDNRP ]D WHOHIRQVNL SUHGDO 3ULWLVQLWH <(6 GD VOLãLWH VSRURþLOR . OL. DQMH r fo ot N om C se U al i rc me . OL. QD WHOHIRQVNL SUHGDO 1DMSUHSURVWHMH SRNOLþHWH QD WHOHIRQVNL SUHGDO WDNR GD ]D GDOM þDVD SULWLVQHWH QD þH VWH Y WHOHIRQ VKUDQLOL VYRMR ãWHYLONR WHOHIRQVNHJD SUHGDOD âWHYLONR GRELWH RG RSHUDWHUMD 9QRV ãWHYLONH WHOHIRQVNHJD SUHGDOD 3RLãþLWH 6SRURþLOD0RåQRVWLâW WHO SUHGDOD 7UDMDQMH NOL. D 0HG NOL. HP VH QD ]DVORQX L]SLãH WUDMDQMH NOL. D 3UHYHULWH ODKNR WUDMDQMH ]DGQMHJD NOL. D WUDMDQMH RGKRGQLK NOL. HY LQ VNXSQR WUDMDQMH YVHK NOL. HY 3UHYHUMDQMH LQ EULVDQMH WUDMDQMD NOL. D 3RLãþLWH . OL. LýDV LQ VWURãNL7UDMDQMH NOL. HY LQ L]EHULWH PRåQRVW ýH åHOLWH ]EULVDWL ãWHYH. âWHYLONL LQ ] QMLPD SRYH]DQL NRGL VWD ]DãþLWHQL V NRGR 3UHG NOL. DQMHP V NOL. QR NDUWL. R PRUDWH NDUWL. R L]EUDWL LQ YNOMXþLWL 2SRPED =D SRGDWNRYQH NOL. H QH PRUHWH XSRUDEOMDWL VWRULWYH ]D NOL. QH NDUWL. H 9VL RGKRGQL NOL. L ERGR SRWHNDOL SR WHM OLQLML GRNOHU MH QH ]DPHQMDWH 'RKRGQH NOL. H ODKNR VSUHMHPDWH ] REHK OLQLM /LQLMDPD ODKNR VSUHPHQLWH LPH LQ MLP GRORþLWH UD]OLþQH QDVWDYLWYH QD SULPHU QDþLQ ]YRQMHQMD r fo ot N om C se U al i rc me 9NORS LQ L]NORS VWRULWYH ]D NOL. QH NDUWL. H 3RLãþLWH . OL. L <(6 ýDV LQ VWURãNL <(6 . OL. QH NDUWL. H <(6 1DVW NOL. NDUW <(6 9SLãLWH NRGR ]D ]DNOHSDQMH WHOHIRQD LQ SULWLVQLWH <(6 , ]EHULWH 9NOMXþL DOL , ]NOMXþL <(6 *OHMWH ´=DãþLWD´ QD VWUDQL ]D YHþ LQIRUPD. LM . OL. DQMH 6KUDQMHYDQMH ãWHYLONH NDUWL. H 3RLãþLWH . OL. L <(6 ýDV LQ VWURãNL <(6 . OL. QH NDUWL. H <(6 0RMH NDUWL. H <(6 9SLãLWH NRGR ]D ]DNOHSDQMH WHOHIRQD LQ SULWLVQLWH <(6 , ]EHULWH 'RGDP QRYR" <(6 9SLãLWH QDVWDYLWYH NDUWL. H GRVWRSQD ãWHYLOND LPH VWUHåQLND ]D NOL. QH NDUWL. H LQ YHULILND. LMVND NRGD 7H LQIRUPD. 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R 6, 0 3UHGSLVDQH ãWHYLONH ]DKWHYDMR NDUWL. R 6, 0 NL RPRJRþD QMLKRYR VKUDQMHYDQMH 3UHGSLVDQH ãWHYLONH ãþLWL NRGD 3, 1 2SRPED . OL. L Y VLOL QD PHGQDURGQR ãWHYLONR ]D NOL. H Y VLOL VR PRJRþL WXGL þH MH YNOMXþHQR NOL. DQMH SUHGSLVDQLK ãWHYLON 6KUDQLWH ODKNR WXGL GHOQH ãWHYLONH 1D SULPHU þH VKUDQLWH ODKNR NOLþHWH QD YVH ãWHYLONH NL VH ]DþQHMR ] 6KUDQLWH ODKNR WXGL ãWHYLONH ] YSUDãDML 1D SULPHU þH VKUDQLWH " ODKNR NOLþHWH QD ãWHYLONH RG GR =D YSLV YSUDãDMD GDOM þDVD GUåLWH SULWLVQMHQR WLSNR . OL. DQMH r fo ot N om C se U al i rc me 9NORS DOL L]NORS SUHGSLVDQHJD NOL. DQMD 3RLãþLWH , PHQLN <(6 0RåQRVWL <(6 3UHGSLVDQL NOL. L <(6 9SLãLWH NRGR 3, 1 LQ SULWLVQLWH <(6 , ]EHULWH 9NOMXþL DOL , ]NOMXþL <(6 6KUDQMHYDQMH SUHGSLVDQH ãWHYLONH 3RLãþLWH , PHQLN3RVHEQH ãWHY3UHGSLVDQH ãW , ]EHULWH 'RGDP QRYR" LQ YSLãLWH ãWHYLONR =DSUWH VNXSLQH XSRUDEQLNRY =DSUWH VNXSLQH XSRUDEQLNRY RPRJRþDMR ]QLåDQMH VWURãNRY NOL. HY 1D QHNDWHULK RPUHåMLK MH . HQHMH NOL. 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L <(6 1DVOHGQML NOL. <(6 , ]EHULWH 6NULM PRMR ãW DOL 3RNDåL PRMR ãW LQ SULWLVQLWH <(6 ]D NOL. r fo ot N om C se U al i rc me ýH åHOLWH XSRUDEOMDWL LQWHUQHW VWRULWYH :$3 DOL SRãLOMDWL LQ SUHMHPDWL YHþSUHGVWDYQRVWQD VSRURþLOD DOL HSRãWR PRUDMR ELWL L]SROQMHQL QDVOHGQML SRJRML 3RWUHEXMHWH QDURþQLQR NL SRGSLUD SUHQRV SRGDWNRY 9 WHOHIRQX PRUDMR ELWL QDVWDYOMHQH XVWUH]QH QDVWDYLWYH 9Dã WHOHIRQ LPD RE QDNXSX PRUGD åH QDVWDYOMHQH XVWUH]QH QDVWDYLWYH 1DVWDYLWYH ODKNR SUHMPHWH WXGL Y EHVHGLOQHP VSRURþLOX RG RSHUDWHUMD DOL SRQXGQLND VWRULWHY 1DVWDYLWYH VR YDP QD YROMR WXGL QD ZZZ6RQ\(UL. VVRQ. RP 9HUMHWQR VH ERVWH PRUDOL SUL VYRMHP SRQXGQLNX VWRULWHY DOL RPUHåQHP RSHUDWHUMX WXGL UHJLVWULUDWL NRW XSRUDEQLN :$3 DOL HSRãWH 6SUHMHPDQMH QDVWDYLWHY Y REOLNL VSRURþLOD 9Dã RSHUDWHU RPUHåMD *60 DOL SRQXGQLN LQWHUQHWQLK VWRULWHY YDP ODKNR SRãOMH SRWUHEHQ SRGDWNRYQL UDþXQ VNXSDM ] QDVWDYLWYDPL ]D :$3 LQ HSRãWR QD YDã WHOHIRQ Y REOLNL VSRURþLOD 606 3ULSUDYOMDQMH PRELOQHJD LQWHUQHWD =DKWHYDQMH QDVWDYLWHY RG 6RQ\ (UL. VVRQ 6 3&MHP RELãþLWH KWWSZZZ6RQ\(UL. VVRQ. RP 3RG QDVORYRP &RQILJXUDWRUV ODKNR ]DKWHYDWH GD VH QD YDã WHOHIRQ SRãOMH VSRURþLOR ] QDVWDYLWYDPL NL MLK SRWUHEXMHWH . R VSRURþLOR SULVSH VH L]SLãH 1RYH QDVWDYLWYH SUHMHWH 1DPHVWLP" 1RYH QDVWDYLWYH QDPHVWLWH V WLSNR <(6 3RPQLWH ýH VR QDVWDYLWYH åH VKUDQMHQH Y YDãHP WHOHIRQX MLK ODKNR REGUåLWH DOL ]DPHQMDWH *OHMWH ´, QIRUPD. LMH R GRGDWQLK QDVWDYLWYDK´ QD VWUDQL ]D YHþ LQIRUPD. LM 1DPHVWLWHY SUHNOLþHWH V WLSNR 12 3RWHP PRUDWH QDVWDYLWYH ]DKWHYDWL ]QRYD NDNRU MH RSLVDQR Y NRUDNX 3R QDPHVWLWYL JOHMWH ´8SRUDED PRELOQHJD LQWHUQHWD´ QD VWUDQL 3ULSUDYD V þDURYQLNRP ýH YDã WHOHIRQ QL SULSUDYOMHQ ]D :$3 ODKNR GRELWH XVWUH]QH LQIRUPD. LMH R QDVWDYLWYDK :$3 SUL VYRMHP RSHUDWHUMX RPUHåMD DOL SRQXGQLNX VWRULWHY 3RWHP SUHSURVWR XSRUDELWH þDURYQLND Y WHOHIRQX LQ YSLãLWH XVWUH]QH QDVWDYLWYH 8SRUDED þDURYQLND ]D SULSUDYR :$3 3RLãþLWH 6WRULWYH :$3 <(6 'RPDþD VWUDQ QD SULPHU 0RELOH , QWHUQHW <(6 ýH QDVWDYLWYH :$3 QLVR GRORþHQH VH ]DåHQH þDURYQLN 9SLãLWH LQ VKUDQLWH QDVWDYLWYH NDNRU MH ]DKWHYDQR LQ SULWLVQLWH <(6 ]D SRWUGLWHY , QIRUPD. LMH R GRGDWQLK QDVWDYLWYDK ýH åHOLWH XSRUDEOMDWL EUVNDOQLN :$3 SUHN SRQXGQLND VWRULWHY :$3 SRWUHEXMHWH QDVWDYLWYH ]D GRORþHQ SRGDWNRYQL UDþXQ ]D :$3 LQ 3URILO :$3 ýH åHOLWH XSRUDEOMDWH HSRãWR SUHN SRQXGQLND LQWHUQHWQLK VWRULWHY SRWUHEXMHWH QDVWDYLWYH ]D GRORþHQ SRGDWNRYQL UDþXQ ]D HSRãWR LQ HSRãWQL UDþXQ ýH åHOLWH SRãLOMDWL EHVHGLOQD VSRURþLOD 606 QD HQDVORY SUHN VYRMHJD RSHUDWHUMD RPUHåMD PRUDWH QDVWDYLWL ãWHYLONR ]D HSRãWQL SUHKRG 2SRPED 1HNDWHUH QDSUHGQH QDVWDYLWYH NL VR RSLVDQH Y QDGDOMHYDQMX QLVR REYH]QH ]D YHþ LQIRUPD. LM VH REUQLWH QD RSHUDWHUMD RPUHåMD DOL SRQXGQLND VWRULWHY r fo ot N om C se U al i rc me 3ULSUDYOMDQMH PRELOQHJD LQWHUQHWD 3RGDWNRYQL UDþXQ YVHEXMH QDVWDYLWYH ]D SRYH]RYDQMH V VWUHåQLNRP YDãHJD SRQXGQLND VWRULWHY QD SULPHU SUHN :$3 PRELOQL LQWHUQHW DOL HSRãWH LQWHUQHW 3URILO :$3 YVHEXMH XSRUDEQLãNH QDVWDYLWYH NL RPRJRþDMR GRVWRS GR VWUDQL :$3 LQ YHþSUHGVWDYQRVWQLK VSRURþLO (SRãWQL UDþXQ YNOMXþXMH XSRUDEQLãNH QDVWDYLWYH NL RPRJRþDMR QHSRVUHGQR SRãLOMDQMH HSRãWH V WHOHIRQD GRORþD SD MLK SRQXGQLN LQWHUQHWQLK VWRULWHY (SRãWD SUHN :$3 YNOMXþXMH XSRUDEQLãNH QDVWDYLWYH NL UDYQR WDNR RPRJRþDMR HSRãWQD VSRURþLOD NL MLK SRGSLUD SRQXGQLN LQWHUQHWQLK VWRULWHY 9 WHP SULPHUX MLK QDVWDYOMDWH QD VWUDQL :$3 VYRMHJD SRQXGQLND VWRULWHY 2SRPED 3UL VYRMHP SRQXGQLNX VWRULWHY :$3 SUHYHULWH DOL QMLKRYD VWUDQ SRGSLUD HSRãWR 1DVWDYLWYH ]D SRGDWNRYQL UDþXQ 9 WHOHIRQX LPDWH ODKNR VKUDQMHQLK YHþ SRGDWNRYQLK UDþXQRY ] UD]OLþQLPL QDVWDYLWYDPL ]D UD]OLþQH QDPHQH *ODYQD QDVWDYLWHY ]D SRGDWNRYQL UDþXQ MH 9UVWD UDþXQD r fo ot N om C se U al i rc me 1DVYHW ýH Y WHOHIRQX QL VKUDQMHQLK QDVWDYLWHY ]D SRGDWNRYQH UDþXQH LQ SURILOH :$3 ODKNR QDVWDYLWYH ]D SRGDWNRYQL UDþXQ YSLãHWH NR YSLVXMHWH QDVWDYLWYH ]D SURILO :$3 *OHMWH 6WRULWYH :$30RåQRVWL3URILOL :$3'RGDP SURILO"9SLãLWH LPH3ULNOMXþL ]'RGDP UDþXQ , ]ELUDWH ODKNR PHG YUVWDPD UDþXQD *356 SRGDWNL DOL *60 SRGDWNL 2SRPED =D SRGUREQRVWL R ]DUDþXQDYDQMX VWRULWHY VH REUQLWH QD RSHUDWHUMD RPUHåMD *356 *HQHUDO 3D. 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LMR ] RPUHåMHP ýH QDVORYD QH YSLãHWH YDP RPUHåMH SULVNUEL ]DþDVQL QDVORY , 3 1DVORY '16 ± þH RPUHåMH QH XSRUDEOMD VDPRGHMQH GRGHOLWYH QDVORYD , 3 VWUHåQLNX '16 MR ODKNR YSLãHWH WX =DKWHY QDVWDY 'RGDWQH QDVWDYLWYH ± WH QDVWDYLWYH ODKNR L]SXVWLWH 3RVYHWXMWH VH ] RSHUDWHUMHP RPUHåMD 1DVWDYLWYH *60 YNOMXþXMHMR QHNDM QDVWDYLWHY NL VR SRGREQH QDVWDYLWYDP *356 LQ QHNDM QDVWDYLWHY NL VR ]QDþLOQH ]D *60 LQ VL. HU 7HOHIRQVND ãW ± WHOHIRQVND ãWHYLOND YDãHJD LQWHUQHWQHJD SRQXGQLND +LWURVW SUHQRVD ± L]EHULWH åHOHQR KLWURVW SRYH]DYH 9UVWD L]ELUDQMD ± L]EHULWH DQDORJQR SRYH]DYR DOL SRYH]DYR , 6'1 2SRPED ýH åHOLWH VSUHPHQLWL QDþLQ GRVWRSD PRUDWH XVWYDULWL QRY SRGDWNRYQL UDþXQ LQ L]EUDWL åHOHQL QDþLQ GRVWRSD 5RþQR XVWYDUMDQMH SRGDWNRYQHJD UDþXQD 3RLãþLWH 3RYH]DYH <(6 3UHQRV SRGDW <(6 3RGDWN UDþXQL <(6 'RGDP UDþXQ <(6 , ]EHULWH YUVWR SRGDWNRYQHJD UDþXQD ]D GRVWRS 9SLãLWH LPH ]D SRGDWNRYQL UDþXQ 9SLãLWH QDVWDYLWYH NL VWH MLK SUHMHOL RG RSHUDWHUMD DOL SRQXGQLND VWRULWHY 9VDNR QDVWDYLWHY SRWUGLWH V WLSNR <(6 3RLãþLWH 6KUDQLP" <(6 8UHMDQMH SRGDWNRYQHJD UDþXQD 3RLãþLWH 3RYH]DYH <(6 3UHQRV SRGDW <(6 3RGDWN UDþXQL <(6 , ]EHULWH SRGDWNRYQL UDþXQ LQ SULWLVQLWH <(6 , ]EHULWH 8UHGL 3RLãþLWH åHOHQR QDVWDYLWHY LQ SULWLVQLWH <(6 8UHGLWH QDVWDYLWHY LQ SULWLVQLWH <(6 3RQRYLWH NRUDN ]D YVH QDVWDYLWYH NL MLK åHOLWH XUHGLWL 3UHGQRVWQD VWRULWHY =D SUHGQRVWQR VWRULWHY ODKNR L]EHUHWH *356 DOL *60 3ULSUDYOMDQMH PRELOQHJD LQWHUQHWD r fo ot N om C se U al i rc me , ]ELUDQMH SUHGQRVWQHJD QDþLQD 3RLãþLWH 3RYH]DYH3UHQRV SRGDW3ULY]HWD VWRULW LQ L]EHULWH *356 LQ *60 DOL 6DPR *60 2SRPED ýH åHOLWH SUHYHULWL VWDQMH SRNULWRVWL *356 LQ SRYH]DYR Y SULSUDYOMHQRVWL SRWLVQLWH WLSNR ]D QDVWDYOMDQMH JODVQRVWL ]D YVWRS Y PHQL 6WDQMH SRWHP SD SRLãþLWH *356 1DVWDYLWYH SURILORY :$3 1DVWDYLWYH :$3 VR VKUDQMHQH Y SURILOX :$3 9 YHþLQL SULPHURY SRWUHEXMHWH ]D GRVWRS GR LQWHUQHWD OH HQ SURILO 3ULSUDYLWH LQ XSRUDEOMDWH SD ODKNR WXGL GRGDWQH SURILOH :$3 QD SULPHU þH XSRUDEOMDWH ]DãþLWHQH LQWHUQHWQH VWUDQL NRW VR EDQþQH VWUDQL DOL LQWUDQHW YDãHJD SRGMHWMD 3RWHP ODKNR ]JROM SUHNORSLWH PHG SURILOL þH åHOLWH ]DPHQMDWL SRYH]DYR ] RPUHåMHP 1DVYHW ýH Y WHOHIRQX QL VKUDQMHQLK QDVWDYLWHY ]D SRGDWNRYQH UDþXQH LQ SURILOH :$3 ODKNR QDVWDYLWYH ]D SRGDWNRYQL UDþXQ YSLãHWH NR YSLVXMHWH QDVWDYLWYH ]D SURILO :$3 *OHMWH 6WRULWYH :$30RåQRVWL3URILOL :$3'RGDP SURILO"9SLãLWH LPH3ULNOMXþL ]'RGDP UDþXQ r fo ot N om C se U al i rc me 5RþQR YSLVRYDQMH QDVWDYLWHY ]D SURILO :$3 3RVNUELWH GD MH XVWYDUMHQ SRGDWNRYQL UDþXQ ]D NRPXQLND. LMR PHG YDãLP WHOHIRQRP LQ LQWHUQHWQLP VWUHåQLNRP NRW MH RSLVDQR Y ´1DVWDYLWYH ]D SRGDWNRYQL UDþXQ´ QD VWUDQL 3RLãþLWH 6WRULWYH :$3 <(6 0RåQRVWL <(6 3URILOL :$3 <(6 , ]EHULWH 'RGDP SURILO" þH åHOLWH GRGDWL QRY SURILO DOL L]EHULWH REVWRMHþL SURILO NL JD åHOLWH VSUHPHQLWL <(6 ýH VWH L]EUDOL 'RGDP SURILO" YSLãLWH LPH ]D SURILO <(6 3ULNOMXþL ] <(6 L]EHULWH åHOHQL SRGDWNRYQL UDþXQ <(6 LQ YSLãLWH , 3 QDVORY <(6 , ]SLãH VH VH]QDP 3RLãþLWH 6KUDQLP" <(6 ýH VWH L]EUDOL REVWRMHþL SURILO ODKNR VWRULWH QDVOHGQMH 3UHLPHQXM ± 6SUHPHQLWH LPH SURILOD 3RYHåL ] ± , ]EHUHWH SRGDWNRYQL UDþXQ , 3 QDVORY ± 1DVORY VWUHåQLND ]D SUHKRG :$3 1DSUHGQH PRåQ ± 9Hþ QDVWDYLWHY SURILOD JOHMWH VSRGDM =EULãL ± 2GVWUDQLWH SURILO 3ULSUDYOMDQMH PRELOQHJD LQWHUQHWD ýH L]EHUHWH 1DSUHGQH PRåQ ODKNR VWRULWH WXGL QDVOHGQMH 6SU GRP VWUDQ ± 9SLãLWH QDVORY VWUDQL :$3 NL MR åHOLWH XSRUDEOMDWL NRW GRPDþR VWUDQ 'UXJL UDþXQ ± , ]EHULWH GRGDWQL SRGDWNRYQL UDþXQ þH JODYQL NL MH GRORþHQ Y 3RYHåL ] RGSRYH 8SRUDEQLãNR LPH ± 9SLãLWH VYRMH XSRUDEQLãNR LPH ]D SUHKRG :$3 *HVOR ± 9SLãLWH VYRMH JHVOR ]D SUHKRG :$3 =DãþLWD ± *OHMWH ´9DUQRVWQH QDVWDYLWYH :$3´ 3ULNDåL VOLNH ± 'RORþLWH DOL QDM VH PHG SUHELUDQMHP VWUDQL QDODJDMR VOLNH 9DUQRVWQH QDVWDYLWYH :$3 9Dã WHOHIRQ SRGSLUD ]DãþLWHQL GRVWRS GR VWUDQL :$3 . R YNOMXþLWH ]DãþLWR MH SRYH]DYD PHG WHOHIRQRP LQ SUHKRGRP :$3 ]DãþLWHQD 9QDãDQMH NRGH 3, 1 ]D GRVWRS ]D ]DãþLWQL PRGXO LQ NRGH 3, 1 ]D SRGSLVRYDQMH 3RLãþLWH 6WRULWYH :$3 <(6 0RåQRVWL <(6 6NXSQR <(6 =DãþLWD <(6 =DNOHSDQMH 'LJLWDOQR SRGSLVRYDQMH 6 VYRMLP WHOHIRQRP ODKNR SRGSLãHWH SRJRGER ] XSRUDER NRGH 3, 1 ]D SRGSLVRYDQMH 7D SRJRGED MH HQDNR ]DYH]XMRþD NRW SRGSLV QD SDSLUMX 'LJLWDOQL SRGSLVL VR VOHGOMLYL GR YDãHJD ]DVHEQHJD NOMXþD SUHN . HUWLILNDWD NL VH XSRUDEOMD ]D SRGSLVRYDQMH SRJRGEH 9VL SUHQRVL LQ SRGSLVDQH SRJRGEH NL VR ELOL RSUDYOMHQL QD YDãHP WHOHIRQX VR VKUDQMHQL Y WHOHIRQX 2SRPED =D ]DãþLWR SRYH]DYH RG SUHKRGD :$3 GR SRQXGQLND VWRULWYH :$3 PRUD SRVNUEHWL SRQXGQLN VWRULWHY :$3 9NORS ]DãþLWHQH SRYH]DYH 3RLãþLWH 6WRULWYH :$3 <(6 0RåQRVWL <(6 3URILOL :$3 <(6 , ]EHULWH åHOHQL SURILO LQ SULWLVQLWH <(6 , ]EHULWH 1DSUHGQH PRåQ <(6 =DãþLWD <(6 , ]EHULWH 9NOMXþL <(6 r fo ot N om C se U al i rc me =DãþLWQL PRGXO =DNOHSDQMH ýH WR RPRJRþD YDã SRQXGQLN VWRULWHY DOL RSHUDWHU RPUHåMD MH ]DãþLWQL PRGXO QDPHãþHQ QD NDUWL. L 6, 0 =DãþLWQL PRGXO MH QDPHQMHQ VKUDQMHYDQMX . HUWLILNDWRY LQ ]DVHEQLK NOMXþHY =DãþLWQL PRGXO MH ]DãþLWHQ V SRVHEQR NRGR 3, 1 ]D GRVWRS NL MR WHOHIRQ ]DKWHYD NR Y]SRVWDYOMD ]DãþLWHQR SRYH]DYR 3UHJOHGRYDQMH SRJRGE 3RLãþLWH 6WRULWYH :$30RåQRVWL6NXSQR=DãþLWD 3RJRGEH 3ULSUDYOMDQMH PRELOQHJD LQWHUQHWD =DXSDQMD YUHGQL . HUWLILNDWL LQ . HUWLILNDWL RGMHPDO. D ýH åHOLWH Y]SRVWDYLWL ]DãþLWHQH SRYH]DYH ]D QHNDWHUH VWRULWYH :$3 SRWUHEXMHWH Y WHOHIRQX VKUDQMHQH . HUWLILNDWH 2EVWDMDMR UD]OLþQH YUVWH . HUWLILNDWRY &HUWLILNDWL VWUHåQLND VH XSRUDEOMDMR ]D LGHQWLILND. LMR SUHKRGD :$3 L] WHOHIRQD LQ SRWUMXMHMR GD MH . HUWLILNDW L]GDOD ]DXSDQMD YUHGQD DYWRULWHWD &HUWLILNDW VWUHåQLND VH SUHYHUMD ] ]DXSDQMD YUHGQLPL . HUWLILNDWL NL VR VKUDQMHQL Y WHOHIRQX DOL Y ]DãþLWQHP PRGXOX ýH WHOHIRQ QH PRUH SUHYHULWL LGHQWLWHWH VWUHåQLND YDP GD PRåQRVW GD SRYH]DYR SUHNLQHWH DOL QDGDOMXMHWH =DXSDQMD YUHGQL . HUWLILNDWL VH XSRUDEOMDMR ]D SUHYHUMDQMH SUHKRGD :$3 V NDWHULP VH SRYH]XMHWH 9Dã WHOHIRQ LPD RE QDNXSX PRUGD åH QDORåHQLK QHNDM ]DXSDQMD YUHGQLK . HUWLILNDWRY ýH LPDWH ]DãþLWQL PRGXO VR PRUGD åH QDORåHQL Y QMHP =DXSDQMD YUHGQH . HUWLILNDWH ODKNR WXGL QDORåLWH V VWUDQL 6RQ\ (UL. VVRQ 0RELOH , QWHUQHW DOL GUXJLK VWUDQL :$3 &HUWLILNDWL RGMHPDO. D VR Y ]DãþLWQHP PRGXOX VNXSDM ] YDãLPL ]DVHEQLPL NOMXþL &HUWLILNDWL RGMHPDO. D SRWUMXMHMR YDãR LGHQWLWHWR EDQNL DOL GUXJLP VWRULWYDP 8SRUDEOMDWH MLK ODKNR WXGL ]D GLJLWDOQR SRGSLVRYDQMH 3UHYHUMDQMH . HUWLILNDWRY Y YDãHP WHOHIRQX 3RLãþLWH 6WRULWYH :$3 <(6 0RåQRVWL <(6 6NXSQR <(6 =DãþLWD <(6 , ]EHULWH 9DUQL . HUWLILNDWL DOL 2GMHP. HUWLILNDWL r fo ot N om C se U al i rc me 1DVWDYLWYH HSRãWQHJD UDþXQD (SRãWQL UDþXQ GRORþD QD SULPHU VWUHåQLN NL VH XSRUDEOMD ]D YDãD HSRãWQD VSRURþLOD 8VWYDUMDQMH HSRãWQHJD UDþXQD 3RLãþLWH 6SRURþLOD <(6 (SRãWD <(6 0RåQRVWL <(6 , ]EHULWH 8UHGL UDþXQ <(6 , ]EHULWH 'RGDP QRYR" <(6 9SLãLWH LPH ]D UDþXQ QD SULPHU 'RPD DOL 3LVDUQD , ]EHULWH 3RYHåL ] <(6 , ]SLãH VH VH]QDP YVHK SRGDWNRYQLK UDþXQRY Y YDãHP WHOHIRQX , ]EHULWH SRGDWNRYQL UDþXQ NL JD åHOLWH XSRUDEOMDWL V WHP HSRãWQLP UDþXQRP LQ SULWLVQLWH <(6 9SLãLWH SUHRVWDOH QDVWDYLWYH QD VH]QDPX RG NDWHULK QHNDWHUH QLVR QXMQH ýH åHOLWH YSLVDWL QDVWDYLWHY MR SRLãþLWH SULWLVQLWH <(6 LQ YSLãLWH LQIRUPD. LMH 3RWUGLWH V WLSNR <(6 7R SRQRYLWH ]D YVDNR QDVWDYLWHY 9 WHOHIRQX XSRUDELWH HQDNH QDVWDYLWYH NRW Y VYRMHP 3ULSUDYOMDQMH PRELOQHJD LQWHUQHWD HSRãWQHP SURJUDPX QD 3&MX ýH QLVWH QDURþHQL QD HSRãWQR VWRULWHY VH REUQLWH QD RSHUDWHUMD GD YDP SULVNUEL SRWUHEQH QDVWDYLWYH 3URWRNRO ± , ]EHULWH 323 DOL , 0$3 'RKRG VWUHåQLN 'RKRGQL VWUHåQLN ± YSLãLWH LPH DOL QDVORY , 3 SRQXGQLND VWRULWHY ]D VSUHMHP HSRãWQLK VSRURþLO 1D SULPHU SRVWQLVWUH]QLNVL DOL 'RKRGQD YUDWD ± þH MH WUHED VSUHPHQLWH ãWHYLONR YUDW NL MLK XSRUDEOMD SURWRNRO 3UHGDO ± YSLãLWH XSRUDEQLãNR LPH ]D VYRM HSRãWQL UDþXQ *HVOR ± JHVOR ]D YDã HSRãWQL UDþXQ 9 QHNDWHULK SULPHULK ]DKWHYDMR SRQXGQLNL VWRULWHY GD YSLãHWH JHVOR RE SRYH]RYDQMX 2GKRG VWUHåQLN ± YSLãLWH LPH DOL QDVORY , 3 VWUHåQLND 6073 ]D SRãLOMDQMH HSRãWQLK VSRURþLO 2GKRGQD YUDWD ± þH MH WUHED VSUHPHQLWH ãWHYLONR YUDW NL MLK XSRUDEOMD SURWRNRO 6073 (QDVORY ± YSLãLWH VYRM HQDVORY 1DORåL ± WX ODKNR GRORþLWH DOL QDM WHOHIRQ QDORåL . HORWQD VSRURþLOD DOL OH JODYH , PH SRãLOMDWHOMD ± YSLãLWH VYRMH LPH 3RGSLV ± L]EHULWH þH åHOLWH VYRMR YL]LWNR GRGDWL PHG HSRãWQD VSRURþLOD . RSLMH VSRURþLO ± , ]EHULWH 9NOMXþL þH åHOLWH GD VH SRVODQD HSRãWQD VSRURþLOD NRSLUDMR WXGL QD HQDVORY SR YDãL L]ELUL 7DNR VH SRVODQD VSRURþLOD NRSLUDMR LQ MLK ODKNR VKUDQLWH Y YHGQRVW , QWHUYDO SUHYHU ± , ]EHULWH NDNR SRJRVWR åHOLWH GD VH WHOHIRQ SRYHåH V VWUHåQLNRP LQ SUHYHUL QRYD VSRURþLOD ýH XSRUDEOMDWH WDNR SLVDUQLãNL NDNRU WXGL GRPDþL UDþXQ ODKNR HQHJD RG QMLMX GRORþLWH ]D SULY]HWHJD , ]EHULWH 1DVWDYL UDþXQ Y PHQLMX 6SRURþLOD(SRãWD 0RåQRVWL LQ L]EHULWH UDþXQ =D LQIRUPD. LMH R XSRUDEL HSRãWH JOHMWH ´(SRãWD´ QD VWUDQL r fo ot N om C se U al i rc me 3ULSUDYOMDQMH PRELOQHJD LQWHUQHWD 6SRURþLOD 9Dã WHOHIRQ SRGSLUD UD]OLþQH VWRULWYH ]D VSRURþLOD ± EHVHGLOQD VSRURþLOD VSRURþLOD Y NOHSHWX YHþSUHGVWDYQRVWQD VSRURþLOD LQ HSRãWR =D SRGUREQRVWL R VWRULWYDK NL MLK ODKNR XSRUDEOMDWH VH REUQLWH QD VYRMHJD SRQXGQLND VWRULWHY 6SRURþLOD %HVHGLOQD VSRURþLOD VH SRãLOMDMR SUHN VWRULWYH 606 6KRUW 0HVVDJH 6HUYL. H ± VWRULWHY ]D NUDWND VSRURþLOD %HVHGLOQD VSRURþLOD ODKNR SRãOMHWH HQHPX SUHMHPQLNX DOL VNXSLQL SUHMHPQLNRY NL VWH MR GRORþLOL Y LPHQLNX %HVHGLOQLP VSRURþLORP ODKNR GRGDMDWH VOLNH DQLPD. LMH PHORGLMH LQ ]YRþQH XþLQNH ODKNR SD WXGL REOLNXMHWH EHVHGLOR ] XSRUDER (06 (QKDQ. HG 0HVVDJLQJ 6HUYL. H ± L]EROMãDQD VWRULWHY ]D VSRURþLOD 3RãLOMDWH ODKNR WXGL VOLNRYQD VSRURþLOD 2SRPED %HVHGLOQD VSRURþLOD NL XSRUDEOMDMR IXQN. LMH (06 ODKNR SRãLOMDWH OH QD GUXJH WHOHIRQH NL SRGSLUDMR VWDQGDUG (06 3UHGHQ ]DþQHWH 1DMSUHM VH SUHSULþDMWH DOL MH YSLVDQD ãWHYLOND YDãHJD . HQWUD ]D VWRULWYH âWHYLONR YDP SULVNUEL SRQXGQLN VWRULWHY LQ MH RELþDMQR VKUDQMHQD QD NDUWL. L 6, 0 6SRURþLOD r fo ot N om C se U al i rc me 1DVWDYOMDQMH ãWHYLONH . HQWUD ]D VSRURþLOD 3RLãþLWH 6SRURþLOD <(6 606 <(6 0RåQRVWL <(6 6HUYLVQL . HQWUL <(6 ýH MH ãWHYLOND . HQWUD ]D VWRULWYH VKUDQMHQD QD NDUWL. R 6, 0 VH L]SLãH QD ]DVORQX ýH QD VH]QDPX QL ãWHYLON L]EHULWH 'RGDP QRYR" <(6 9SLãLWH ãWHYLONR VNXSDM ] ]QDNRP ]D PHGQDURGQH NOL. H LQ YVWRSQR NRGR GUåDYH WHU SULWLVQLWH <(6 3RãLOMDQMH VSRURþLO =D LQIRUPD. LMH R YSLVRYDQMX þUN JOHMWH ´9QDãDQMH þUN LQ ]QDNRY´ QD VWUDQL 3LVDQMH LQ SRãLOMDQMH VSRURþLOD 3RLãþLWH 6SRURþLOD <(6 606 <(6 1DSLãL QRYR <(6 9SLãLWH VSRURþLOR LQ SULWLVQLWH <(6 9SLãLWH YVDM HQHJD SUHMHPQLND 9SLãLWH WHOHIRQVNR ãWHYLONR SUHMHPQLND LQ SULWLVQLWH <(6 =D YHþ SUHMHPQLNRY SRLãþLWH 'RGDM SUHMHPQ <(6 YQHVLWH ãWHYLONR <(6 3ULWLVQLWH GD ãWHYLONR SULNOLþHWH L] LPHQLND DOL ]D GUXJH PRåQRVWL , ]EHULWH 3RãOML <(6 2SRPED ýH SRãOMHWH EHVHGLOQR VSRURþLOR YHþ SUHMHPQLNRP KNUDWL ERVWH SODþDOL ]D YVDNHJD SUHMHPQLND SRVHEHM 9VWDYOMDQMH SUHGPHWD Y VSRURþLOR 3RLãþLWH 6SRURþLOD <(6 606 <(6 1DSLãL QRYR <(6 0HG YSLVRYDQMHP VSRURþLOD SULWLVQLWH , ]EHULWH 9VWDYL SUHGP <(6 , ]EHULWH 6OLND =YRþQL XþLQHN 0HORGLMD $QLPD. LMD DOL 0RMD DQLPD. LMD DOL 6OLNRYQR VSRU <(6 , ]EHULWH SUHGPHW <(6 3RWUGLWH V WLSNR <(6 3R YVWDYOMDQMX SUHGPHWD SULWLVQLWH ]D PRåQRVWL ]D L]ELUDQMH EULVDQMH DOL ]DPHQMHYDQMH 2SRPED 0RåQRVWL ]D YVWDYOMDQMH GUXJLK SUHGPHWRY NRW VR ]YRNL LQ PHORGLMH VR QD YROMR VDPR ]D ]DSLVH VOLN 6RQ\ (UL. VVRQ QH SD WXGL ]D VOLNRYQD VSRURþLOD (SRãWQL SUHKRG 9Dã RSHUDWHU RPUHåMD LPD PRUGD ãWHYLONR NL RPRJRþD SRãLOMDQMH EHVHGLOQLK VSRURþLO QD HOHNWURQVNH QDVORYH 3ULSUDYD HSRãWQHJD SUHKRGD 3RLãþLWH 6SRURþLOD <(6 606 <(6 0RåQRVWL <(6 3UHK]D HSRãWR <(6 ýH QD VH]QDPX QL ãWHYLON L]EHULWH 'RGDP QRYR" <(6 9SLãLWH ãWHYLONR VNXSDM ] ]QDNRP ]D PHGQDURGQH NOL. H LQ YVWRSQR NRGR GUåDYH WHU SULWLVQLWH <(6 (SRãWQH SUHKRGH ODKNR YNOMXþLWH XUHGLWH DOL ]EULãHWH r fo ot N om C 2EOLNRYDQMH EHVHGLOD Y VSRURþLOX 3RLãþLWH 6SRURþLOD <(6 606 <(6 1DSLãL QRYR <(6 1DSLãLWH VSRURþLOR 2]QDþLWH åHOHQR EHVHGLOR WDNR GD SRWLVQHWH WLSNR ]D QDVWDYOMDQMH JODVQRVWL QDY]GRO LQ SUHPDNQHWH NXU]RU ] L]ELUQLP JXPERP 3ULWLVQLWH , ]EHULWH 2EOLNRYDQMH <(6 3RWHP L]EHULWH 6ORJ 9HOLNRVW 3RUDYQDYD DOL 1RY RGVWDYHN <(6 , ]EHULWH REOLNR <(6 1DVYHW 2EOLNRYDQMH EHVHGLOD ODKNR L]EHUHWH WXGL SUHG SLVDQMHP VSRURþLOD se U al i rc me 2EOLNRYDQMH EHVHGLOD 6SUHPLQMDWH ODKNR VORJ YHOLNRVW LQ SRUDYQDYR EHVHGLOD WHU XVWYDUMDWH QRYH RGVWDYNH Y VSRURþLOX 6SRURþLOD 6SUHMHPDQMH VSRURþLO . R SUHMPHWH VSRURþLOR WHOHIRQ ]DSLVND QD ]DVORQX SD VH L]SLãH VSRURþLOR 1RYR VSRURþLOR 3ULNDåHP" ýH SUHMPHWH VSRURþLOR RG RVHEH NDWHUH LPH MH VKUDQMHQR Y LPHQLNX VH QD ]DVORQX VNXSDM V VSRURþLORP L]SLãH QMHQR LPH DOL VOLND 3UHELUDQMH VSRURþLO 3ULWLVQLWH <(6 þH åHOLWH SUHEUDWL VSRURþLOR DOL 12 þH JD åHOLWH SUHEUDWL SR]QHMH 6SRURþLOR VH VKUDQL Y 3UHMHWR Y PHQLMX 606 9VHK GHORY GROJHJD VSRURþLOD PRUGD QH ERVWH SUHMHOL QDHQNUDW 0HG SUHELUDQMHP VSRURþLOD ODKNR QD SULPHU ]DþQHWH NOHSHWDWL V SRãLOMDWHOMHP DOL RELãþHWH VWUDQ :$3 QD QDVORYX L] VSRURþLOD . R SUHEHUHWH VSRURþLOR SULWLVQLWH <(6 GD L]EHUHWH HQR RG QDVOHGQMLK PRåQRVWL QD SULPHU 2GJRYRUL 3RVUHGXM DOL =EULãL 6SRURþLOR ]DSUHWH V SULWLVNRP QD 12 6KUDQMHYDQMH SUHMHWLK VSRURþLO 3UHMHWD VSRURþLOD VH VKUDQLMR Y SRPQLOQLN WHOHIRQD ýH MH SRPQLOQLN WHOHIRQD SROQ QHSUHEUDQLK VSRURþLO VH WD ]DþQHMR VDPRGHMQR VKUDQMHYDWL QD NDUWL. R 6, 0 NMHU RVWDQHMR GRNOHU MLK QH ]EULãHWH 6SRURþLOD r fo ot N om C se U al i rc me 6KUDQMHYDQMH L] VSRURþLOD . R MH R]QDþHQD PHORGLMD ãWHYLOND QDVORY :$3 VOLND DOL DQLPD. LMD SULWLVQLWH <(6 3RWHP L]EHULWH PRåQRVW ]D VKUDQMHYDQMH LQ SULWLVQLWH 0HORGLMD VH VKUDQL Y 0RML ]YRNL âWHYLOND VH VKUDQL Y , PHQLN 1DVORY :$3 VH VKUDQL Y =D]QDPNL 9VH VOLNH VH VKUDQLMR Y 0RMH VOLNH 2SRPED $QLPD. LMH ODKNR SUHJOHGXMHWH OH NR SUHGPHW YVWDYLWH Y VSRURþLOR *OHMWH ´9VWDYOMDQMH SUHGPHWD Y VSRURþLOR´ QD VWUDQL 'ROJD VSRURþLOD (QR EHVHGLOQR VSRURþLOR MH ODKNR GROJR GR ]QDNRY 3RãLOMDWH ODKNR WXGL GDOMãD VSRURþLOD WDNR GD SRYHåHWH YHþ VSRURþLO 2SRPED 3RPQLWH GD ERVWH SODþDOL ]D YVDNR SRVODQR VSRURþLOR , ]NORS GROJLK VSRURþLO 3RLãþLWH 6SRURþLOD <(6 606 <(6 0RåQRVWL 'ROJD VSRURþLOD <(6 L]EHULWH , ]NOMXþL <(6 <(6 3UHGORJH ýH YHþNUDW SRãLOMDWH HQR DOL YHþ VSRURþLO MLK ODKNR VKUDQLWH NRW SUHGORJH 9Dã SRQXGQLN VWRULWHY MH PRUGD Y WHOHIRQ åH VKUDQLO QHNDM SUHGORJ , ]GHODYD SUHGORJH 3RLãþLWH 6SRURþLOD <(6 606 <(6 3UHGORJH <(6 'RGDP QRYR" <(6 9SLãLWH VSRURþLOR LQ SULWLVQLWH <(6 ýH åHOLWH VSRURþLOR SRVODWL WDNRM SULWLVQLWH <(6 3UHGORJR VKUDQLWH V SULWLVNRP QD 12 0RåQRVWL ]D VSRURþLOD =D QDVWDYLWYH VSRURþLO ODKNR QDVWDYLWH SULY]HWH YUHGQRVWL DOL SD MLK ERVWH PRUDOL L]EUDWL RE YVDNHP SRãLOMDQMX VSRURþLOD 7LS VSRURþLOD ± YDã WHOHIRQ SRGSLUD UD]OLþQH YUVWH VSRURþLO 9Dã SRQXGQLN VSRURþLO PRUGD SRQXMD PRåQRVW GD VH VSRURþLOR SUHWYRUL Y GUXJ ]DSLV QD SULPHU HSRãWD NL XVWUH]D RSUHPL SUHMHPQLND ýDV YHOMDYQRVWL ± þH . HQWHU QH PRUH GRVWDYLWL YDãHJD VSRURþLOD NHU MH QD SULPHU SUHMHPQLN L]NOMXþLO WHOHIRQ JD ODKNR VKUDQL LQ SRVNXVL SRVODWL SR]QHMH =DKWHYDM RGJ ± þH åHOLWH RGJRYRU QD VSRURþLOR ODKNR Y VSRURþLOR GRGDWH ]DKWHYR SR RGJRYRUX 3RURþ R VWDQMX ± SUHYHULWH ODKNR DOL MH VSRURþLOR GRVWDYOMHQR 1DVWDYOMDQMH PRåQRVWL ]D VSRURþLOD 3RLãþLWH 6SRURþLOD <(6 606 <(6 0RåQRVWL , ]EHULWH PRåQRVW ]D VSRURþLOR <(6 , ]EHULWH PRåQRVW DOL 1DVW RE SRãLOM <(6 <(6 3UHYHUMDQMH VWDQMD ]D SRVODQR VSRURþLOR 3RLãþLWH 6SRURþLOD <(6 606 <(6 3RVODQD VSRURþ <(6 L]EHULWH VSRURþLOR SULWLVQLWH 3ULNDåL VWDQMH <(6 0RELOQL NOHSHW )XQN. LMD ]D PRELOQL NOHSHW GHOXMH SRGREQR NRW NOHSHWDQMH SR LQWHUQHWX =D VHMR ODKNR L]EHUHWH QD]LY NL VH ER L]SLVDO QD SUHMHPQLNRYHP WHOHIRQX YVDNLþ NR SUHMPH YDãH VSRURþLOR Y NOHSHWX r fo ot N om C 9SLV Y]GHYND ]D NOHSHW 3RLãþLWH 6SRURþLOD <(6 3RPHQHN <(6 , ]EHULWH 1D]LY <(6 9SLãLWH VYRM Y]GHYHN GROJ QDMYHþ ]QDNRY LQ SULWLVQLWH <(6 se U al i rc me =DþHWHN NOHSHWD 3RLãþLWH 6SRURþLOD <(6 3RPHQHN <(6 =DþQL QRYR <(6 9SLãLWH ãWHYLONR SUHMHPQLND DOL MR SULNOLþLWH L] LPHQLND V SULWLVNRP QD 9SLãLWH VSRURþLOR LQ SULWLVQLWH <(6 6SRURþLOD 6SUHMHP SRYDELOD QD NOHSHW . R SUHMPHWH SRYDELOR QD NOHSHW WHOHIRQ ]DSLVND QD ]DVORQX SD VH L]SLãH YSUDãDQMH 6SRURþLOR NOHSHWD =DþQHP NOHSHW" ýH åHOLWH VSRURþLOR SUHEUDWL SULWLVQLWH <(6 9SLãLWH RGJRYRU QD VSRURþLOR LQ SULWLVQLWH <(6 . OHSHW SUHNLQHWH V WLSNR 12 . OHSHW QDGDOMXMHWH WDNR GD SRLãþHWH 6SRURþLOD 3RPHQHN1DGDOMXM . OHSHW NRQþDWH ] GDOMãLP SULWLVNRP QD WLSNR 12 . OHSHW ]DYUQHWH V WLSNR 12 =DYUQMHQR SRYDELOR QD NOHSHW VH VKUDQL Y 3UHMHWR Y PHQLMX 6SRURþLOD ýH åHOLWH NRQþDWL WUHQXWQL NOHSHW LQ ]DþHWL QRYHJD ] QRYLP VSRURþLORP ]D NOHSHW SULWLVQLWH <(6 9QRV NRGH ]D SRGURþQH LQIRUPD. LMH 3RLãþLWH 6SRURþLOD3RGURþQH LQIR6H]QDP NDQDORY 'RGDP QRYR" 3RGURþQH LQIRUPD. LMH 3RGURþQH LQIRUPD. LMH VR VSRURþLOD NL VH SRãOMHMR YVHP QDURþQLNRP Y GRORþHQHP SRGURþMX RPUHåMD QD SULPHU ORNDOQR SURPHWQR SRURþLOR . R SUHMPHWH VSRURþLOR SRGURþQLK LQIRUPD. LM VH VDPRGHMQR L]SLãH QD ]DVORQX 3RGURþQLK LQIRUPD. LM QH PRUHWH VKUDQLWL =D YHþ LQIRUPD. LM R NRGDK SRGURþQLK LQIRUPD. LM VH REUQLWH QD SRQXGQLND VWRULWHY r fo ot N om C se U al i rc me , QIRUPD. LMH Y . HOL. L . DQDO ]D LQIRUPD. LMH Y . HOL. L XSRUDEOMDMR QHNDWHUL RSHUDWHUML ]D SRãLOMDQMH VSRURþLO VYRMLP QDURþQLNRP Y GRORþHQHP GHOX RPUHåMD 9NORS NDQDOD 3RLãþLWH 6SRURþLOD3RGURþQH LQIR, QIR R . HOL. L 9HþSUHGVWDYQRVWQD VSRURþLOD 9HþSUHGVWDYQRVWQD VSRURþLOD ODKNR SRãLOMDWH QD PRELOQL WHOHIRQ LQ QD HSRãWQL UDþXQ SUHN 006 0XOWLPHGLD 0HVVDJLQJ 6HUYL. H ± VWRULWHY ]D YHþSUHGVWDYQRVWQD VSRURþLOD 9HþSUHGVWDYQRVWQD VSRURþLOD ODKNR YVHEXMHMR EHVHGLOR VOLNH DQLPD. LMH PHORGLMH LQ ]YRNH . RW SULORJH ODKNR SRãLOMDWH WXGL RVHEH L] LPHQLND YSLVH L] NROHGDUMD LQ ]YRþQH SRVQHWNH 9NORS DOL L]NORS SRGURþQLK LQIRUPD. LM 3RLãþLWH 6SRURþLOD3RGURþQH LQIR6SUHMHP 6SRURþLOD 3UHGHQ ]DþQHWH 3RVNUELWH GD LPDWH QDVWDYOMHQH QDVOHGQMH QDVWDYLWYH 1DVORY . HQWUD ]D VWRULWYH 3RVHEHQ SURILO :$3 ]D YHþSUHGVWDYQRVWQD VSRURþLOD 2SRPED =D GRGDWQH LQIRUPD. LMH DOL ]D VDPRGHMQR QDODJDQMH QDVWDYLWHY VH REUQLWH QD RSHUDWHUMD RPUHåMD 1DVWDYOMDQMH QDVORYD . HQWUD ]D VWRULWYH 3RLãþLWH 6SRURþLOD0060RåQRVWL6WUHåQLN ]D VS , ]ELUDQMH LQ YQRV QDVWDYLWHY ]D 006 3RLãþLWH 6SRURþLOD0060RåQRVWL3URILO :$3 LQ L]EHULWH , ]EHUL DOL 8VWYDUL QRYR =D LQIRUPD. LMH R XVWYDUMDQMX SURILOD :$3 JOHMWH ´5RþQR YSLVRYDQMH QDVWDYLWHY ]D SURILO :$3´ QD VWUDQL 9Hþ PRåQRVWL 3UHG SRãLOMDQMHP YHþSUHGVWDYQRVWQHJD VSRURþLOD ODKNR QDVWDYLWH YHþ PRåQRVWL 6SUHPLQMDQMH PRåQRVWL 3RLãþLWH 6SRURþLOD0060RåQRVWL <(6 þH åHOLWH GRGDWL YHþ SUHGPHWRY DOL , ]EHULWH PRåQRVWL 3RLãþLWH GR 3RãOML VSRURþLOR <(6 9SLãLWH ãWHYLONR SUHMHPQLND DOL L] LPHQLND SULNOLþLWH ãWHYLONR DOL HQDVORY V WLSNR 6SRURþLOR SRãOMHWH V WLSNR <(6 8SRUDED SUHGORJ ]D YHþSUHGVWDYQRVWQD VSRURþLOD 3RLãþLWH 6SRURþLOD <(6 006 <(6 3UHGORJH <(6 8UHMDQMH VSRURþLOD SUHG SRãLOMDQMHP ýH åHOLWH SUHGPHW XUHGLWL JD L]EHULWH LQ SULWLVQLWH <(6 6OLNH ± GRGDMWH DOL ]DPHQMDMWH REVWRMHþR VOLNR V VOLNR L] SRGPHQLMD 0RMH VOLNH %HVHGLOR ± V WHP ODKNR XUHGLWH REVWRMHþH EHVHGLOR ýH åHOLWH VSUHPHQLWL YHOLNRVW SLVDYH L]EHULWH EHVHGLOR LQ SULWLVQLWH , ]EHULWH 9HOLNRVW SLVDYH <(6 =YRN ± REVWRMHþL ]YRN ODKNR ]DPHQMDWH ] GUXJLP L] 0RML ]YRNL 6WUDQ ± YVWDYLWH QRYR VWUDQ 6HVWDYOMDQMH LQ SRãLOMDQMH QRYHJD YHþSUHGVWDYQRVWQHJD VSRURþLOD 3RLãþLWH 6SRURþLOD <(6 006 <(6 1DSLãL QRYR <(6 , ]EHULWH SRGPHQL <(6 9SLãLWH åHOHQH LQIRUPD. LMH LQ SULWLVQLWH <(6 1DGDOMXMWH V SULWLVNRP QD <(6 r fo ot N om C se U al i rc me 1DVYHW 2]QDþLWH GHO VSRURþLOD LQ SULWLVQLWH þH QLVWH ]DGRYROMQL LQ åHOLWH PHG SLVDQMHP ]EULVDWL GHO VSRURþLOD 6SRURþLOD 0HUMHQMH þDVD ± þH åHOLWH GRORþLWL NROLNR VHNXQG QDM ER SULND]DQ SUHGPHW JD L]EHULWH LQ SULWLVQLWH , ]EHULWH 0HUMHQMH þDVD <(6 ýH åHOLWH GRORþLWL þDVRYQL SRWHN VWUDQL L]EHULWH LNRQR NXU]RUMD Y VSRURþLOX SULWLVQLWH <(6 LQ L]EHULWH 0HUMHQMH þDVD <(6 =EULãL VWUDQ ± RGVWUDQLWH VWUDQ 3UHGRJOHG VWUDQL ± SULNDåH VWUDQ SUHG SRãLOMDQMHP 3UHGRJOHG ± SULNDåH VSRURþLOR 6SUHMHPDQMH YHþSUHGVWDYQRVWQLK VSRURþLO . R SUHMPHWH YHþSUHGVWDYQRVWQR VSRURþLOR WHOHIRQ ]DSLVND QD ]DVORQX SD VH L]SLãH VSRURþLOR 3ULNDåHP ]GDM" 6SRURþLOR SUHEHUHWH V WLSNR <(6 2SRPED 3RPQLOQLN MH RPHMHQ 0RUGD ERVWH PRUDOL SUHG VSUHMHPRP QRYLK VSRURþLO ]EULVDWL QHNDM VWDULK 2SRPED 3UL VYRMHP RSHUDWHUMX RPUHåMD SUHYHULWH NROLNR VSRURþLO MH ODKNR VKUDQMHQLK LQ NROLNR SURVWRUD ODKNR ]DY]HPDMR Y VWUHåQLNX 0RåQRVWL ]D VDPRGHMQR QDODJDQMH 9 PHQLMX 6SRURþLOD0060RåQRVWL6DPRG QDODJDQ L]EHULWH HQR RG QDVOHGQMLK PRåQRVWL 9NOMXþHQR ± 6SRURþLOD VH VDPRGHMQR QDORåLMR Y WHOHIRQ 3RWUGL ± 3ULWLVQLWH <(6 ]D QDODJDQMH DOL 12 þH åHOLWH GD VSRURþLOR RVWDQH Y VWUHåQLNX , ]NOMXþHQR ± 1RYD VSRURþLOD VR PHG SUHMHWLPL VSRURþLOL R]QDþHQD ] LNRQDPL , ]EHULWH VSRURþLOR LQ JD QDORåLWH V WLSNR <(6 6SRURþLOD r fo ot N om C se U al i rc me 3UHJOHGRYDQMH YHþSUHGVWDYQRVWQHJD VSRURþLOD 3ULWLVQLWH <(6 6SRURþLOR VH VDPRGHMQR SUHGYDMD 3UHGYDMDQMH XVWDYLWH V NDWHURNROL WLSNR . R SUHJOHGDWH YHþSUHGVWDYQRVWQR VSRURþLOR JD ODKNR VSHW SUHJOHGDWH SR GHOLK ] L]ELUQLP JXPERP . R MH SUHGPHW R]QDþHQ SULWLVQLWH GD VH VKUDQL Y WHOHIRQ . R SUHEHUHWH VSRURþLOR L]EHULWH 1DGDOMXM LQ L]EHULWH HQR RG QDVOHGQMLK PRåQRVWL 2GJRYRUL 3RVUHGXM 6KUDQL SUHGORJR DOL =EULãL VSRURþLOR 6SRURþLOR ]DSUHWH V SULWLVNRP QD 12 1DVYHW 1D VH]QDPX VSRURþLO L]EHULWH VSRURþLOR LQ SULWLVQLWH GD ]EULãHWH . HORWQR VSRURþLOR (SRãWD 6YRM WHOHIRQ ODKNR XSRUDEOMDWH ]D SRãLOMDQMH LQ VSUHMHPDQMH HSRãWQLK VSRURþLO SUHN LQWHUQHWD HQDNR NRW QD VYRMHP UDþXQDOQLNX 3UHGHQ ]DþQHWH 1DMSUHM SRVNUELWH ]D QDVOHGQMH 3RWUHEXMHWH QDURþQLQR NL SRGSLUD SUHQRV SRGDWNRY =D YHþ LQIRUPD. LM VH SRVYHWXMWH V SRQXGQLNRP VWRULWHY 3ULSUDYLWH SRGDWNRYQL UDþXQ *OHMWH ´1DVWDYLWYH ]D SRGDWNRYQL UDþXQ´ QD VWUDQL 3ULSUDYLWH LQ L]EHULWH HSRãWQL UDþXQ *OHMWH ´1DVWDYLWYH HSRãWQHJD UDþXQD´ QD VWUDQL 3RãLOMDQMH LQ VSUHMHPDQMH HSRãWH = PRåQRVWMR 3RãOML LQ SUHMPL QDMKLWUHMH SRãOMHWH HSRãWQD VSRURþLOD VKUDQMHQD Y 9 SRãLOMDQMX LQ SUHYHULWH QRYD VSRURþLOD 3LVDQMH LQ SRãLOMDQMH HSRãWQHJD VSRURþLOD 3RLãþLWH 6SRURþLOD <(6 (SRãWD <(6 1DSLãL QRYR <(6 , ]EHULWH 3UHMHPQLNL ± SRWHP L]EHULWH 'RGDM LPH YSLãLWH HQDVORY DOL JD SULNOLþLWH L] LPHQLND 3ULNOLþHWH ODKNR WXGL VKUDQMHQ QDVORY L] SUHMHWLK VSRURþLO . RSLMD ± 6HP YSLãHWH QDVORY SUHMHPQLND NRSLMH VSRURþLOD 3ULRULWHWD ± 7X QDVWDYLWH SRPHPEQRVW VSRURþLOD 3UHGPHW ± 1DSLãLWH QDVORY <(6 %HVHGLOR ± 1DSLãLWH VSRURþLOR <(6 3ULORJH ± 6SRURþLOX ODKNR GRGDWH GR SHW VOLN , ]EHULWH HQR RG QDVOHGQMLK PRåQRVWL 3RãOML ]GDM ± (SRãWQR VSRURþLOR VH SRãOMH 3Rã ]GDM V SULO ± . 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