Upute za upotrebu SONY ERICSSON T310

[. . . ] &RPPXQL. DWLRQV 7 8QRV 7HNVWD MH ]DãWLüHQ MHGQLP LOL YLãH SDWHQDWD NDNR VOLMHGH 86 3DW 1RV L &DQDGLDQ 3DW 1R 8QLWHG . LQJGRP 3DW 1R % +RQJ . RQJ 6WDQGDUG 3DW 1R +. [. . . ] ), )5 , 7 1/ 37 (6 6( *% D GRGDWQL SDWHQWL VX X SRVWXSNX X . LMHORP VYLMHWX , PDMWH QD XPX 6YH PUHåH QH SRGUåDYDMX VYH XVOXJH RSLVDQH X RYRP SULUXþQLNX 7R WDNRÿHU YULMHGL ]D *60 0HÿXQDURGQL EURM KLWQLK VOXåEL r fo ot N om C se U al i rc me 3RþHWDN UDGD 2 RYRP 3ULUXþQLNX 8 VYUKX ODNãHJ VQDODåHQMD X SRJODYOMX ´8SR]QDMWH VYRM WHOHIRQ´ SURQDüL üHWH NUDWNL SUHJOHG JODYQLK IXQN. LMD WHOHIRQD SUHþD. D L RSüH LQIRUPD. LMH 9LãH LQIRUPD. LMD L PDWHULMDOD NRML PRåHWH SUHX]HWL QD VYRMH UDþXQDOR SURQDüL üHWH QD ZZZ6RQ\(UL. VVRQ. RP LOL ZDS6RQ\(UL. VVRQ. RP 'RVWXSQH XVOXJH 1HNH XVOXJH L IXQN. LMH RSLVDQH X RYRP 3ULUXþQLNX RYLVH R PUHåL L SUHWSODWL =ERJ WRJD X VYRMHP WHOHIRQX PRåGD QHüHWH PRüL NRULVWLWL VYH L]ERUQLNH 2YDM VLPERO R]QDþDYD GD MH XVOXJD LOL IXQN. LMD RYLVQD R PUHåL LOL R SUHWSODWL 2EUDWLWH VH VYRMHP PUHåQRP RSHUDWHUX ]D YLãH SRMHGLQRVWL R VYRMRM SUHWSODWL r fo ot N om C 6NODSDQMH 'D ELVWH PRJOL SRþHWL NRULVWLWL VYRM WHOHIRQ PRUDWH XþLQLWL VOMHGHüH 8PHWQLWH 6, 0 NDUWL. X 8PHWQLWH L QDSXQLWH EDWHULMX 3RJOHGDMWH ´, QIRUPD. LMH R 6, 0 NDUWL. L L EDWHULML´ QD VWU 1DSRPHQD 8YLMHN LVNOMXþLWH WHOHIRQ L LVNRSþDMWH SXQMDþ SULMH XPHWDQMD LOL YDÿHQMD 6, 0 NDUWL. H se U al i rc me 6, 0 NDUWL. D . DGD VH UHJLVWULUDWH NDR SUHWSODWQLN NRG PUHåQRJ RSHUDWHUD GRELYDWH 6, 0 6XEV. ULEHU , GHQWLW\ 0RGXOH NDUWL. X 6, 0 NDUWL. D VDGUåL UDþXQDOQL þLS NRML L]PHÿX RVWDORJD VDGUåL LQIRUPD. LMH R YDãHP WHOHIRQVNRP EURMX XVOXJDPD NRMH VX XNOMXþHQH X YDãX SUHWSODWX WH YDã WHOHIRQVNL LPHQLN 6DYMHW 3URYMHULWH MHVX OL YDãL SRGD. L VSUHPOMHQL QD 6, 0 NDUWL. X SULMH QHJR MH L]YDGLWH L] GUXJRJ WHOHIRQD 3ULPMHUL. H VWDYND LPHQLND PRåH ELWL VSUHPOMHQD X PHPRULMX WHOHIRQD 3RþHWDN UDGD , QIRUPD. LMH R 6, 0 NDUWL. L L EDWHULML 3ULOLNRP SXQMHQMD PRåH ELWL SRWUHEQR L GR PLQXWD GD EL VH SRMDYLR RGJRYDUDMXüL VLPERO 8PHWQLWH 6, 0 NDUWL. X 6, 0 NDUWL. D VH WUHED XPHWQXWL LVSRG VUHEUQDVWLK GUåDþD 6WDYLWH EDWHULMX QD VWUDåQMX VWUDQX WHOHIRQD V SULNOMXþ. LPD RNUHQXWLPD MHGDQ SUHPD GUXJRPH 1DVORQLWH VWUDåQML SRNORSD. QD GQR WHOHIRQD L JXUQLWH JRUQML GLR SRNORS. D SUHPD XQXWUD GRN QH ãNOMR. QH QD PMHVWR 3ULNOMXþLWH SXQMDþ QD SULNOMXþDN WHOHIRQD NRML MH R]QDþHQ PXQMRP 6LPERO PXQMH QD XWLNDþX SXQMDþD PRUD ELWL RNUHQXW SUHPD JRUH 0RåH ELWL SRWUHEQR L GR PLQXWD GD EL VH QD ]DVORQX SRMDYLR VLPERO SXQMHQMD EDWHULMH 3ULþHNDMWH RNR VDWD GRN VLPERO QH SRNDåH GD MH EDWHULMD SRVYH QDSXQMHQD $NR VH QDNRQ LVWHND QDYHGHQRJ YUHPHQD QH SRNDåH VLPERO EDWHULMH SULWLVQLWH ELOR NRMX WLSNX LOL QDYLJD. LMVNX WLSNX ]D DNWLYLUDQMH ]DVORQD 3XQMDþ RGYRMLWH WDNR GD QDJQHWH XWLNDþ SUHPD JRUH 1DSRPHQD 'D ELVWH PRJOL NRULVWLWL WHOHIRQ PRUDWH XPHWQXWL 6, 0 NDUWL. X L QDSXQLWL EDWHULMX r fo ot N om C se U al i rc me PLQ K 3RþHWDN UDGD 8SXüLYDQMH L SULPDQMH SR]LYD 'REURGRãOL 8QHVLWH 3, 1 8NOMXþLYDQMHLVNOMXþLYDQMH 0RMD PUHåD 'D ELVWH XNOMXþLOL WHOHIRQ 3ULWLVQLWH L GUåLWH WLSNX 12 GRN QH ]DþXMHWH WRQ 8SLãLWH VYRM 3, 1 3HUVRQDO , GHQWLW\ 1XPEHU ± RVREQL LGHQWLILND. LMVNL EURM DNR JD LPDWH ]D VYRMX 6, 0 NDUWL. X 6YRM 3, 1 EURM GRELYDWH RG VYRMHJ PUHåQRJ RSHUDWHUD 3RJULMHãLWH OL SULOLNRP XWLSNDYDQMD VYRMHJ 3, 1 EURMD L]EULãLWH SRJUHãQX ]QDPHQNX WDNR ãWR üHWH SULWLVQXWL r fo ot N om C =D XSXüLYDQMH L SULPDQMH SR]LYD 8SLãLWH SUHGEURM L EURM WHOHIRQD L SULWLVQLWH <(6 ]D XSXüLYDQMH SR]LYD 3ULWLVQLWH 12 GD ELVWH ]DYUãLOL SR]LY . DGD WHOHIRQ ]D]YRQL SULWLVQLWH <(6 GD ELVWH RGJRYRULOL QD SR]LY se U al i rc me $NR YDã 3, 1 SRþLQMH LVWLP ]QDPHQNDPD NDR L EURM ]D VOXþDM QXåGH QSU ]QDPHQNH VH QH VNULYDMX ]QDNRP SULOLNRP XQRVD 7R MH ]DWR GD ELVWH PRJOL QD]YDWL EURM ]D VOXþDM QXåGH L EH] XQRVD 3, 1 NRGD 3RJOHGDMWH ´3R]LYL X VOXþDMX QXåGH´ QD VWU ]D YLãH LQIRUPD. LMD 1DSRPHQD $NR WULSXW X]DVWRS. H XWLSNDWH QHLVSUDYQL 3, 1 6, 0 NDUWL. D VH EORNLUD L SRMDYOMXMH VH SRUXND 3, 1 EORNLUDQ 'D ELVWH GHEORNLUDOL WHOHIRQ PRUDWH XSLVDWL VYRM 38. EURM 3HUVRQDO 8QEOR. NLQJ . H\ ± RVREQL NOMXþ GHEORNLUDQMD 6YRM 38. ]D KUYDWVNX NXQX L SULWLVQLWH <(6 8SLãLWH . LMHQX LPSXOVD L SULWLVQLWH <(6 'D ELVWH XSLVDOL GH. LPDOQL ]DUH] SULWLVQLWH 3R]LYDQMH 2JUDQLþHQMH NUHGLWD ]D SR]LYH 0RåHWH XSLVDWL XNXSDQ L]QRV QRY. D NRML VH PRåH NRULVWLWL ]D XSXüLYDQMH SR]LYD . DGD L]QRV GRÿH QD QXOX YLãH VH QH PRJX XSXüLYDWL SR]LYL , PDMWH QD XPX GD MH RJUDQLþHQMH NUHGLWD VDPR SUR. LMHQMHQD YULMHGQRVW 'D ELVWH RGUHGLOL RJUDQLþHQMH NUHGLWD 3RPDNQLWH VH QD 3R]LYL <(6 9ULMHPH L WURãDN <(6 7URãNRYL SR]LYD <(6 8QHVLWH NUHGLW <(6 8SLãLWH VYRM 3, 1 L SULWLVQLWH <(6 2GDEHULWH 3URPLMHQLWL <(6 8SLãLWH L]QRV L SULWLVQLWH <(6 3RJOHGDMWH ´=DãWLWD´ QD VWU ]D YLãH LQIRUPD. LMD R 3, 1 NRGX 3UHXVPMHUDYDQMH SR]LYD $NR QH PRåHWH RGJRYRULWL QD GROD]QL JODVRYQL LOL SRGDWNRYQL SR]LY PRåHWH JD SUHXVPMHULWL QD GUXJL EURM SULPMHUL. H QD DXWRPDWVNX VHNUHWDUL. X =D JRYRUQH SR]LYH PRåHWH RGDEUDWL MHGQX RG VOMHGHüLK PRJXüQRVWL SUHXVPMHUDYDQMD 8YLMHN SUHXVPM ± SUHXVPMHUDYD VYH JRYRUQH SR]LYH . RG ]DX]HüD ± SUHXVPMHUDYD SR]LYH DNR YHü UD]JRYDUDWH r fo ot N om C =D XNOMXþLYDQMH SUHXVPMHUDYDQMD SR]LYD 3RPDNQLWH VH QD 3R]LYL <(6 8SUDYOMSR]LYLPD <(6 3UHXVPM SR]LYD <(6 2GDEHULWH NDWHJRULMX SR]LYD L DOWHUQDWLYX ]D SUHXVPMHUDYDQMH L SULWLVQLWH <(6 2GDEHULWH $NWLYLUDWL <(6 8SLãLWH WHOHIRQVNL EURM QD NRML åHOLWH SUHXVPMHULWL SR]LYH L SULWLVQLWH <(6 LOL JD SURQDÿLWH X LPHQLNX =D LVNOMXþLYDQMH SUHXVPMHUDYDQMD SR]LYD 2GDEHULWH RS. LMX SUHXVPMHUDYDQMD L RGDEHULWH 3RQLãWLWL se U al i rc me 1HGRVWXSDQ ± SUHXVPMHUDYD SR]LYH DNR MH YDã WHOHIRQ LVNOMXþHQ LOL DNR QLVWH GRVWXSQL 1HPD RGJRYRUD ± SUHXVPMHUDYD SR]LYH QD NRMH QLVWH RGJRYRULOL XQXWDU RGUHÿHQRJ YUHPHQD RYLVL R RSHUDWHUX 1DSRPHQD . DGD MH IXQN. LMD =DEUDQD SR]LYD XNOMXþHQD QHNH RS. LMH 3UHXVPM SR]LYD QH PRJX VH DNWLYLUDWL =D SURYMHUX VWDWXVD 3RPDNQLWH VH QD 3R]LYL <(6 8SUDYOMSR]LYLPD <(6 3UHXVPM SR]LYD <(6 2GDEHULWH WLS SR]LYD <(6 3RPDNQLWH VH QD SUHXVPMHUDYDQMH NRMH åHOLWH SURYMHULWL <(6 2GDEHULWH 6WDWXV <(6 3R]LYDQMH 'D ELVWH SURYMHULOL VWDWXV VYLK SUHXVPMHUDYDQMD SR]LYD 2GDEHULWH 3URYMHULWL VYH QD L]ERUQLNX 3UHXVPM SR]LYD 9LãHVWUXNL SR]LYL , VWRYUHPHQR PRåHWH REUDGLWL YLãH RG MHGQRJ SR]LYD 3ULPMHUL. H PRåHWH ]DGUåDWL SR]LY NRML MH X WLMHNX VWDYLWL JD QD þHNDQMH D ]DWLP XSXWLWL LOL SUHX]HWL GUXJL SR]LY D ]DWLP VH SUHED. LYDWL L]PHÿX MHGQRJ L GUXJRJ SR]LYD 1DSRPHQD 7LMHNRP SR]LYD L]ERUQLN 7HNXüL SR]LY ]DPMHQMXMH L]ERUQLN 3R]LYL 8VOXJD 3R]LY QD þHNDQMX $NR MH XVOXJD SR]LYD QD þHNDQMX XNOMXþHQD ]DþXW üHWH XSR]RUDYDMXüL WRQ X VOXãDOL. L DNR SULPLWH L GUXJL SR]LY WLMHNRP UD]JRYRUD =D XNOMXþLYDQMH LOL LVNOMXþLYDQMH XVOXJH SR]LYD QD þHNDQMX 3RPDNQLWH VH QD 3R]LYL8SUDYOMSR]LYLPD 3R]QD þHNDQMX r fo ot N om C se U al i rc me 'D ELVWH XSXWLOL GUXJL SR]LY 3ULWLVQLWH <(6 GD ELVWH WHNXüL SR]LY ]DGUåDOL VWDYLOL QD þHNDQMH 8SLãLWH EURM NRML åHOLWH ]YDWL L SULWLVQLWH <(6 LOL SURQDÿLWH EURM X LPHQLNX 1DSRPHQD =DGUåDWL VWDYLWL QD þHNDQMH PRåHWH VDPR MHGDQ SR]LY 'R UD]OLþLWLK RS. LMD PRåHWH GRüL L SULWLVNRP QD 3ULPDQMH GUXJRJ SR]LYD 'D ELVWH RGJRYRULOL QD GUXJL SR]LY L ]DGUåDOL WHNXüL SR]LY VWDYLOL JD QD þHNDQMH SULWLVQLWH <(6 =D RGED. LYDQMH GUXJRJ SR]LYD L QDVWDYDN WHNXüHJ SR]LYD SULWLVQLWH RGDEHULWH =DX]HWR =D RGJRYDUDQMH QD GUXJL SR]LY L NUDM WHNXüHJ SR]LYD SULWLVQLWH RGDEHULWH 2WSXVW L RGJRY 8SUDYOMDQMH GYDPD SR]LYLPD . DGD LPDWH MHGDQ DNWLYDQ SR]LY L MHGDQ ]DGUåDQL SR]LY QD þHNDQMX PRåHWH XþLQLWL VOMHGHüH 3ULWLVQLWH <(6 ]D SUHED. LYDQMH L]PHÿX GYD SR]LYD 3ULWLVQLWH ]DWLP RGDEHULWH =GUXåLWL SR]LYH GD ELVWH ]GUXåLOL GYD SR]LYD X NRQIHUHQ. LMVNL SR]LY 3R]LYDQMH 3ULWLVQLWH ]DWLP RGDEHULWH 3UHQLMHWL SR]LY GD ELVWH VSRMLOL WD GYD SR]LYD 9L WLPH SUHNLGDWH VYRMX YH]X V RED VXJRYRUQLND 3ULWLVQLWH 12 ]D NUDM WHNXüHJ SR]LYD D ]DWLP SULWLVQLWH <(6 ]D SUHX]LPDQMH SR]LYD QD þHNDQMX 3ULWLVQLWH 12 GYDSXW GD ELVWH ]DYUãLOL RED SR]LYD 1DSRPHQD 1D WUHüL SR]LY QH PRåHWH RGJRYRULWL DNR SULMH WRJD QH ]DYUãLWH MHGDQ RG SUYD GYD SR]LYD . RQIHUHQ. LMVNL SR]LYL 7LMHNRP NRQIHUHQ. LMVNRJ SR]LYD PRåHWH LVWRYUHPHQR UD]JRYDUDWL V QDMYLãH þHWYRUR VXJRYRUQLND . RQIHUHQ. LMX PRåHWH ]DGUåDWL VWDYLWL QD þHNDQMH L ]DWLP XSXWLWL QRYL SR]LY 'D ELVWH GRGDOL QRYRJ VXGLRQLND 3ULWLVQLWH <(6 GD ELVWH ]DGUåDOL NRQIHUHQ. LMVNL SR]LY VWDYLOL JD QD þHNDQMH 1D]RYLWH VOMHGHüX RVREX NRMX åHOLWH XNOMXþLWL X NRQIHUHQ. LMVNL SR]LY 3ULWLVQLWH RGDEHULWH =GUXåLWL SR]LYH <(6 3RQRYLWH NRUDNH RG GR GD ELVWH XNOMXþLOL MRã VXGLRQLND 'D ELVWH RWSXVWLOL VXGLRQLND 3ULWLVQLWH RGDEHULWH 2WS VXGLRQLND 2GDEHULWH VXGLRQLND L SULWLVQLWH <(6 'D ELVWH ]DYUãLOL NRQIHUHQ. LMVNL SR]LY 3ULWLVQLWH 12 5D]JRYRU XGYRMH 0RåHWH ]DVHEQR UD]JRYDUDWL VDPR V MHGQLP VXGLRQLNRP GRN RVWDOH ]DGUåDYDWH VWDYOMDWH QD þHNDQMH 3ULWLVQLWH ]DWLP RGDEHULWH , ]GY VXGLRQLND GD ELVWH RGDEUDOL VXGLRQLND V NRMLP åHOLWH UD]JRYDUDWL 2GDEHULWH =GUXåLWL SR]LYH ]D SRQRYQL QDVWDYDN NRQIHUHQ. LMVNRJ SR]LYD 8VSRVWDYOMDQMH NRQIHUHQ. LMVNRJ SR]LYD 'D ELVWH XVSRVWDYLOL NRQIHUHQ. LMVNL SR]LY PRUDWH QDMSULMH LPDWL MHGDQ DNWLYQL SR]LY L MHGDQ ]DGUåDQL SR]LY SR]LY QD þHNDQMX 'D ELVWH ]GUXåLOL RED SR]LYD X NRQIHUHQ. LMVNL SR]LY 3RPDNQLWH VH QD 7HNXüL SR]LY <(6 =GUXåLWL SR]LYH <(6 r fo ot N om C se U al i rc me <(6 3R]LYDQMH 'YLMH JRYRUQH OLQLMH 9Dã WHOHIRQ PRåH LPDWL GYLMH JRYRUQH OLQLMH V UD]OLþLWLP WHOHIRQVNLP EURMHYLPD 7R PRåH ELWL RG NRULVWL SULPMHUL. H DNR åHOLWH RGYRMLWL SULYDWQH L SRVORYQH UD]JRYRUH QD RGYRMHQH OLQLMH 'D ELVWH RGDEUDOL OLQLMX 3RPDNQLWH VH QD 3R]LYL6OMHGHüL SR]LY 6YL RGOD]QL SR]LYL LGX SUHNR WH OLQLMH GRN QH SURPLMHQLWH WR SRGHãHQMH 'ROD]QL SR]LYL VH L GDOMH PRJX SULPDWL QD REMH OLQLMH 0RåHWH SURPLMHQLWL QD]LYH OLQLMD L LPDWL UD]OLþLWD SRGHãHQMD ]D VYDNX OLQLMX SULPMHUL. H UD]OLþLWH YUVWH ]YRQD 'D ELVWH L]PLMHQLOL LPH OLQLMH 3RPDNQLWH VH QD 3RGHãHQMD =DVORQ, ]PLM QD]LY OLQLMD 0RåHWH VSUHPLWL GYD ]DVHEQD EURMD SR]LYQLK NDUWL. D %URMHYL L V QMLPD SRYH]DQL NRGRYL VX ]DãWLüHQL NRGRP 3ULMH SR]LYD QD UDþXQ SR]LYQH NDUWL. H PRUDWH RGDEUDWL L DNWLYLUDWL NDUWL. X 3R]LYL X] NRULãWHQMH SR]LYQH NDUWL. H 0RåHWH NRULVWLWL XVOXJX SR]LYQLK NDUWL. D GD ELVWH SUHXVPMHULOL WURãNRYH SR]LYD QD UDþXQ NUHGLWQH NDUWL. H LOL QD UDþXQ SR]LYQH NDUWL. H XPMHVWR QD YDã XRELþDMHQL UDþXQ 7R PRåH ELWL RG NRULVWL SULPMHUL. H NDGD SR]LYDWH PHÿXJUDGVNH LOL PHÿXQDURGQH EURMHYH 3R]LYDQMH r fo ot N om C se U al i rc me 1DSRPHQD =D SRGDWNRYQH SR]LYH QH PRåHWH NRULVWLWL XVOXJX SR]LYQLK NDUWL. D 'D ELVWH XNOMXþLOL LOL LVNOMXþLOL XVOXJX SR]LYQLK NDUWL. D 3RPDNQLWH VH QD 3R]LYL <(6 9ULMHPH L WURãDN <(6 3R]LYQH NDUWL. H <(6 3R]LYQH NDUWL. H <(6 8SLãLWH N{G ]DNOMXþDYDQMD WHOHIRQD L SULWLVQLWH <(6 2GDEHULWH 8NOMXþLWL LOL , VNOMXþLWL <(6 3RJOHGDMWH ´=DãWLWD´ QD VWU ]D YLãH LQIRUPD. LMD 'D ELVWH VSUHPLOL EURM NDUWL. H 3RPDNQLWH VH QD 3R]LYL <(6 9ULMHPH L WURãDN <(6 3R]LYQH NDUWL. H <(6 0RMH NDUWL. H <(6 8SLãLWH N{G ]DNOMXþDYDQMD WHOHIRQD L SULWLVQLWH <(6 2GDEHULWH 'RGDWL QRYR" <(6 8SLãLWH SRGHãHQMD NDUWL. H SULVWXSQL EURM L QD]LY SRVOXåLWHOMD SR]LYQLK NDUWL. D L N{G ]D SURYMHUX 7H LQIRUPD. LMH GRELYDWH RG VYRMHJ GREDYOMDþD NDUWL. H 2GDEHULWH ãWR åHOLWH SUYR SRVODWL ± EURM NRML åHOLWH SR]YDWL LOL N{G ]D SURYMHUX 3ULWLVQLWH <(6 GD ELVWH SRWYUGLOL VYRM RGDELU 'D ELVWH RGDEUDOL NDUWL. X 3RPDNQLWH VH QD 3R]LYL <(6 9ULMHPH L WURãDN <(6 3R]LYQH NDUWL. H <(6 0RMH NDUWL. H <(6 8SLãLWH N{G ]DNOMXþDYDQMD WHOHIRQD L SULWLVQLWH <(6 2GDEHULWH NDUWL. X L SULWLVQLWH <(6 2GDEHULWH $NWLYLU NDUWL. X <(6 3RJOHGDMWH ´=DãWLWD´ QD VWU ]D YLãH LQIRUPD. LMD 'D ELVWH XSXWLOL SR]LY QD UDþXQ SR]LYQH NDUWL. H 8SLãLWH WHOHIRQVNL EURM RVREH NRMX åHOLWH QD]YDWL LOL JD SURQDÿLWH X LPHQLNX 3ULWLVQLWH L GUåLWH <(6 3R]LYD VH SULVWXSQL EURM SRVOXåLWHOMD SR]LYQLK NDUWL. D 7LMHNRP ID]H VSDMDQMD SRVWDYOMDMX YDP VH VOMHGHüD SLWDQMD 3RVODWL SR]YDQL EURM" 3ULWLVQLWH <(6 ]D VODQMH WHOHIRQVNRJ EURMD NRML åHOLWH ]YDWL 3RVODWL SRWYUGQL EURM" 3ULWLVQLWH <(6 ]D VODQMH NRGD ]D SURYMHUX 8PMHVWR WRJD DNR SULþHNDWH QHNROLNR VHNXQGL EURM L N{G VH ãDOMX DXWRPDWVNL =DEUDQD ELUDQMD 0RåHWH NRULVWLWL XVOXJX ]DEUDQH SR]LYD ]D RJUDQLþHQMH RGOD]QLK L GROD]QLK SR]LYD 7R PRåH ELWL RG NRULVWL SULPMHUL. H NDGD VWH X LQR]HPVWYX 'D ELVWH NRULVWLOL WX XVOXJX PRUDWH LPDWL ]DSRUNX NRMX GRELYDWH RG VYRMHJ GDYDWHOMD XVOXJH r fo ot N om C 6OMHGHüL VH SR]LYL PRJX ]DEUDQLWL 6YL RGOD]QL SR]LYL ± 6YL RGOD]QL 6YL RGOD]QL PHÿXQDURGQL SR]LYL ± 2GO PHÿXQDURG 6YL RGOD]QL PHÿXQDURGQL SR]LYL RVLP SR]LYD X VYRMX ]HPOMX ± 0Hÿ RGOVWUPU 6YL GROD]QL SR]LYL ± 6YL GROD]QL 6YL GROD]QL SR]LYL NDGD VWH X LQR]HPVWYX NRULVWLWH URDPLQJ X VWUDQRM PUHåL ± 'RO QD VWU PU se U al i rc me 1DSRPHQD $NR SUHXVPMHUDYDWH GROD]QH SR]LYH QHNH RS. LMH =DEUDQD SR]LYD QH PRJX VH XNOMXþLWL 'D ELVWH XNOMXþLOL LOL LVNOMXþLOL ]DEUDQX SR]LYD 3RPDNQLWH VH QD 3R]LYL <(6 8SUDYOMSR]LYLPD <(6 =DEUDQD SR]LYD <(6 2GDEHULWH RS. LMX L SULWLVQLWH <(6 2GDEHULWH $NWLYLUDWL LOL 3RQLãWLWL <(6 8SLãLWH VYRMX ]DSRUNX L SULWLVQLWH <(6 'D ELVWH LVNOMXþLOL VYH ]DEUDQH SR]LYD RGDEHULWH 3RQLãWLWL VYH 'D ELVWH SURPLMHQLOL ]DSRUNX RGDEHULWH 3URPLM ]DSRUNX 3R]LYDQMH )LNVQR ELUDQMH )XQN. LMD )LNVQR ELUDQMH RPRJXüXMH XSXüLYDQMH SR]LYD VDPR QD RGUHÿHQH EURMHYH NRML VX VSUHPOMHQL QD 6, 0 NDUWL. L )LNVQR ELUDQMH ]DKWLMHYD 6, 0 NDUWL. X NRMD RPRJXüXMH VSUHPDQMH ILNVQLK EURMHYD )LNVQL EURMHYL ]DãWLüHQL VX YDãLP 3, 1 EURMHP 1DSRPHQD 3R]LYL PHÿXQDURGQRJ EURMD ]D VOXþDM QXåGH MRã XYLMHN VX PRJXüL þDN L NDG MH IXQN. LMD )LNVQR ELUDQMH XNOMXþHQD 0RJX VH VSUHPLWL L GMHORPLþQL EURMHYL 3ULPMHUL. H DNR VSUHPLWH WR RPRJXüXMH SR]LYH QD VYH EURMHYH NRML SRþLQMX V 0RJX VH VSUHPLWL L EURMHYL V XSLWQL. LPD 3ULPMHUL. H DNR VSUHPLWH " WR RPRJXüXMH SR]LYH QD EURMHYH RG GR 'D ELVWH XSLVDOL XSLWQLN SULWLVQLWH L GUåLWH 'D ELVWH XNOMXþLOL LOL LVNOMXþLOL ILNVQR ELUDQMH 3RPDNQLWH VH QD , PHQLN <(6 2S. LMH <(6 )LNVQR ELUDQMH <(6 8SLãLWH VYRM 3, 1 L SULWLVQLWH <(6 2GDEHULWH 8NOMXþLWL LOL , VNOMXþLWL <(6 'D ELVWH VSUHPLOL ILNVQL EURM 3RPDNQLWH VH QD , PHQLN3RVHEQL EURMHYL)LNVQL EURMHYL 2GDEHULWH 'RGDWL QRYR" D ]DWLP XSLãLWH EURM r fo ot N om C se U al i rc me =DWYRUHQH JUXSH NRULVQLND )XQN. LMD =DWYRUHQD JUXSD NRULVQLND MH QDþLQ VQLåDYDQMD WURãNRYD SR]LYD 1D QHNLP PUHåDPD MHIWLQLMH MH UD]JRYDUDWL XQXWDU SR]LYQH JUXSH 0RåHWH VSUHPLWL GHVHW JUXSD <(6 'D ELVWH GRGDOL JUXSX 3RPDNQLWH VH QD 3R]LYL <(6 8SUDYOMSR]LYLPD =DWYRU JUXSH <(6 , ]PLMHQLWL SRSLV <(6 3RPDNQLWH VH QD 'RGDWL QRYR" <(6 8SLãLWH LPH NRULVQLþNH JUXSH L SULWLVQLWH <(6 8SLãLWH UHGQL EURM L SULWLVQLWH <(6 5HGQL EURM GRELYDWH RG VYRMHJ RSHUDWHUD 'D ELVWH DNWLYLUDOL JUXSX 3RPDNQLWH VH QD 3R]LYL <(6 8SUDYOMSR]LYLPD <(6 =DWYRU JUXSH <(6 , ]PLMHQLWL SRSLV <(6 2GDEHULWH JUXSX L SULWLVQLWH <(6 2GDEHULWH $NWLYLUDWL <(6 3R]LYL VH PRJX XSXüLYDWL VDPR XQXWDU RGDEUDQH JUXSH 3R]LYDQMH 'D ELVWH QD]YDOL EURM L]YDQ =DWYRUHQH JUXSH NRULVQLND 2GDEHULWH 2WYRUHQL SR]LYL D ]DWLP RGDEHULWH 8NOMXþLWL 3ULKYDüDQMH SR]LYD . RULVWHüL XVOXJX SULKYDüDQMD SR]LYD PRåHWH RGDEUDWL SULPDQMH SR]LYD VDPR V RGUHÿHQLK EURMHYD 'UXJL SR]LYL VH DXWRPDWVNL RGED. XMX X] WRQ ]DX]HüD 7HOHIRQVNL EURMHYL SR]LYD NRMH VWH RGED. LOL VSUHPDMX VH QD SRSLV SR]LYD 'D ELVWH GRGDOL EURMHYH QD SRSLV GRSXãWHQLK GROD]QLK SR]LYD 3RPDNQLWH VH QD 3R]LYL <(6 8SUDYOMSR]LYLPD <(6 3ULKYDWLWL SR]LYH <(6 'RSXãW GROD]QL <(6 3RPDNQLWH VH QD 'RGDWL QRYR" <(6 7LPH RWYDUDWH VYRM LPHQLN 2GDEHULWH VWDYNX L SULWLVQLWH <(6 'D ELVWH RGDEUDOL RS. LMX SULKYDüDQMD 3RPDNQLWH VH QD 3R]LYL8SUDYOMSR]LYLPD3ULKYDWLWL SR]LYH2S. LMH SULKYDü r fo ot N om C se U al i rc me 'RGDWQH IXQN. LMH SR]LYD 0UHåH . DGD XNOMXþLWH VYRM WHOHIRQ RQ DXWRPDWVNL RGDELUH YDãX GRPDüX PUHåX DNR MH RQD X GRPHWX $NR WD PUHåD QLMH X GRPHWX PRåHWH NRULVWLWL GUXJX PUHåX SRG XYMHWRP GD YDã PUHåQL RSHUDWRU LPD XJRYRU NRML YDP WR RPRJXüXMH 7R VH QD]LYD ´URDPLQJ´ 0RåHWH RGDEUDWL PUHåX NRMX åHOLWH NRULVWLWL LOL PRåHWH GRGDWL PUHåX QD VYRM SRSLV SULRULWHWD PUHåD 7DNRÿHU PRåHWH SURPLMHQLWL UHGRVOLMHG NRMLP VH PUHåH RGDELUX WLMHNRP DXWRPDWVNRJ SUHWUDåLYDQMD =D VYH WH RS. LMH SRPDNQLWH VH QD 3RYH]LYDQMH <(6 *60 0UHåH <(6 7RQVNL VLJQDOL 0RåHWH VH NRULVWLWL XVOXJDPD WHOHIRQVNRJ EDQNDUVWYD LOL NRQWUROLUDWL DXWRPDWVNX WHOHIRQVNX VHNUHWDUL. X SRPRüX VODQMD WRQVNLK VLJQDOD SR]QDWLK L NDR '70) WRQRYL LOL WRQRYL ELUDQMD WLMHNRP SR]LYD =D VODQMH L EULVDQMH WRQRYD 3ULWLVQLWH QHNX RG QXPHULþNLK WLSNL RG GR L =D EULVDQMH ]DVORQD QDNRQ SR]LYD SULWLVQLWH 12 3R]LYDQMH 1RWHV 7HOHIRQ PRåHWH NRULVWLWL L ]D ELOMHåHQMH WHOHIRQVNRJ EURMD WLMHNRP SR]LYD 2VRED V NRMRP UD]JRYDUDWH þXMH WRQVNH VLJQDOH NDGD SULWLVNDWH QD WLSNH 'D ELVWH LVNOMXþLOL WH WRQVNH VLJQDOH WLMHNRP SR]LYD SULWLVQLWH RGDEHULWH , VNOM WRQRYH <(6 . DGD ]DYUãLWH V SR]LYRP EURM RVWDMH QD ]DVORQX %URM ]DWLP PRåHWH SR]YDWL DNR SULWLVQHWH <(6 3ULND] L VNULYDQMH YODVWLWRJ EURMD $NR YDãD SUHWSODWD RPRJXüXMH IXQN. LMX RJUDQLþHQMD LGHQWLILND. LMH SR]LYDWHOMD &/, 5 PRåHWH VDNULWL VYRM EURM WLMHNRP XSXüLYDQMD SR]LYD 3RGHãDYDQMH PRELOQRJ , QWHUQHWD =D SULND] LOL VNULYDQMH VYRMHJ WHOHIRQVNRJ EURMD 8SLãLWH WHOHIRQVNL EURM NRML åHOLWH QD]YDWL 3RPDNQLWH VH QD 3R]LYL <(6 6OMHGHüL SR]LY <(6 2GDEHULWH 6DNULM PRM EURM LOL 3ULNDåL PRM EURM L SULWLVQLWH <(6 ]D XSXüLYDQMH SR]LYD r fo ot N om C se U al i rc me 'D ELVWH NRULVWLOL , QWHUQHW SUHJOHGDYDOL VDGUåDM NRULVWHüL :$3 XVOXJH LOL VODOL L SULPDOL PXOWLPHGLMDOQH SRUXNH L SRUXNH HSRãWH SRWUHEQR MH VOMHGHüH 7HOHIRQVND SUHWSODWD NRMD SRGUåDYD SULMHQRV SRGDWDND 3RGHãHQMD XSLVDQD X WHOHIRQ 3RGHãHQMD VX PRåGD YHü XSLVDQD NRG NXSRYLQH WHOHIRQD 3RGHãHQMD PRåHWH SULPLWL L X SLVDQRM SRUX. L VYRMHJ PUHåQRJ RSHUDWHUD LOL GDYDWHOMD XVOXJD 3RGHãHQMD VX YDP GRVWXSQD L QD DGUHVL ZZZ6RQ\(UL. VVRQ. RP 0RåGD üHWH VH PRUDWL UHJLVWULUDWL NDR NRULVQLN :$3 XVOXJD L XVOXJD HSRãWH NRG VYRMHJ GDYDWHOMD XVOXJD LOL PUHåQRJ RSHUDWHUD 3ULPDQMH SRGHãHQMD X SLVDQRM SRUX. L 9Dã *60 PUHåQL RSHUDWHU LOL GDYDWHOM , QWHUQHW XVOXJD PRåH ELWL X PRJXüQRVWL SRVODWL YDP SRWUHEQD SRGHãHQMD ]D SRGDWNRYQL UDþXQ :$3 L HSRãWX L]UDYQR QD YDã WHOHIRQ X SLVDQRM 606 SRUX. L 3RGHãDYDQMH PRELOQRJ , QWHUQHWD 'D ELVWH ]DWUDåLOL SRGHãHQMD RG 6RQ\ (UL. VVRQD . RULVWLWH 3& UDþXQDOR GD ELVWH RWYRULOL KWWSZZZ6RQ\(UL. VVRQ. RP 2GDEHULWH VYRMX UHJLMX D ]DWLP NRULVWLWH . RQILJXUDWRU GD ELVWH ]DWUDåLOL GD YDP VH QD WHOHIRQ SRãDOMH SLVDQD SRUXND V SRGHãHQMLPD NRMD VX YDP SRWUHEQD . DGD SRUXND VWLJQH SRMDYOMXMH VH 3ULPOMHQD QRYD SRGHãHQMD , QVWDOLUDWL" 3ULWLVQLWH <(6 ]D LQVWDOD. LMX QRYLK SRGHãHQMD 1DSRPHQD $NR X VYRMHP WHOHIRQX YHü LPDWH SRGHãHQMD PRåHWH LK ]DGUåDWL LOL ]DPLMHQLWL QRYLPD 3RJOHGDMWH ´, QIRUPD. LMH R QDSUHGQLP SRGHãHQMLPD´ QD VWU ]D YLãH LQIRUPD. LMD 3ULWLVQLWH 12 ]D SRQLãWDYDQMH LQVWDOD. LMH 1DNRQ WRJD MH SRWUHEDQ QRYL ]DKWMHY ]D SRGHãHQMLPD NDNR MH RSLVDQR X NRUDNX 1DNRQ LQVWDOD. LMH SRJOHGDMWH ´. RULãWHQMH PRELOQRJ , QWHUQHWD´ QD VWU 'D ELVWH NRULVWLOL ýDUREQMDND ]D SRGHãDYDQMH :$3D 3RPDNQLWH VH QD :$3 XVOXJH <(6 1DVORYQD VWUDQL. D SULPMHUL. H 0RELOH , QWHUQHW <(6 ýDUREQMDN VH QDNRQ WRJD SRNUHüH DNR QH SRVWRMH :$3 SRGHãHQMD 8SLãLWH L VSUHPLWH SRGHãHQMD NDG VH WR RG YDV ]DWUDåL L SULWLVQLWH <(6 ]D SRWYUGX , QIRUPD. LMH R QDSUHGQLP SRGHãHQMLPD 'D ELVWH NRULVWLOL :$3 SUHJOHGQLN NRULVWHüL GDYDWHOMD :$3 XVOXJD SRWUHEQD VX YDP SRGHãHQMD ]D RGUHÿHQL SRGDWNRYQL UDþXQ ]D :$3 L :$3 SRVWDYND 'D ELVWH NRULVWLOL HSRãWX SXWHP GDYDWHOMD XVOXJD SULVWXSD , QWHUQHWX SRWUHEQD VX YDP SRGHãHQMD ]D RGUHÿHQL SRGDWNRYQL UDþXQ ]D HSRãWX L UDþXQ HSRãWH 'D ELVWH SRVODOL SLVDQX SRUXNX 606 QD DGUHVX HSRãWH SXWHP VYRMHJ PUHåQRJ RSHUDWHUD PRUDWH SRGHVLWL WHOHIRQVNL EURM SULVWXSQLND HSRãWH 1DSRPHQD 1HND QDSUHGQD SRGHãHQMD NRMD VX RSLVDQD X VOMHGHüLP RGMHOM. LPD QLVX QXåQR SRWUHEQD D ]D YLãH LQIRUPD. LMD R QMLPD MDYLWH VH VYRMHP GDYDWHOMX XVOXJD LOL PUHåQRP RSHUDWHUX 3RGHãDYDQMH PRELOQRJ , QWHUQHWD 3RGHãDYDQMH NRULãWHQMHP ýDUREQMDND $NR YDã WHOHIRQ QLMH SRGHãHQ ]D :$3 RG VYRMHJ PUHåQRJ RSHUDWHUD LOL GDYDWHOMD XVOXJD PRåHWH ]DWUDåLWL GD YDP SRãDOMX LQIRUPD. LMH R :$3 SRGHãHQMLPD =DWLP PRåHWH MHGQRVWDYQR NRULVWLWL ýDUREQMDND VD VYRMHJ WHOHIRQD NDR SRPRü ]D UHOHYDQWQD SRGHãHQMD r fo ot N om C se U al i rc me 3RGDWNRYQL UDþXQ XNOMXþXMH SRGHãHQMD YH]H ]D SULVWXS SRVOXåLWHOMX YDãHJ GDYDWHOMD XVOXJD SULPMHUL. H SXWHP :$3D 0RELOH , QWHUQHW LOL HSRãWH , QWHUQHW :$3 SRVWDYND XNOMXþXMH NRULVQLþND SRGHãHQMD NRMD RPRJXüXMX SUHJOHG :$3 VDGUåDMD L NRULãWHQMH PXOWLPHGLMDOQLK SRUXND 5DþXQ HSRãWH XNOMXþXMH NRULVQLþND SRGHãHQMD NRMD RPRJXüXMX NRPXQLND. LMX HSRãWRP L]UDYQR V YDãHJ WHOHIRQD SRSXW RQLK NRMH YDP GRVWDYOMD YDã GDYDWHOM XVOXJD SULVWXSD , QWHUQHWX 8PMHVWR WRJD PRåHWH NRULVWLWL L (SRãWX SXWHP :$3D NRMD XNOMXþXMH NRULVQLþND SRGHãHQMD NRMD WDNRÿHU RPRJXüXMX NRPXQLND. LMX HSRãWRP SRSXW RQLK NRMH YDP GRVWDYOMD YDã GDYDWHOM XVOXJD SULVWXSD , QWHUQHWX 0HÿXWLP WR VH SRGHãDYD QD :$3 VWUDQL. DPD YDãHJ GDYDWHOMD XVOXJD 1DSRPHQD . RG VYRMHJ GDYDWHOMD :$3 XVOXJD SURYMHULWH SRGUåDYDMX OL QMLKRYH VWUDQL. H HSRãWX 3RGHãHQMD 3RGDWNRYQRJ UDþXQD 8 WHOHIRQX PRåHWH LPDWL VSUHPOMHQR QHNROLNR SRGDWNRYQLK UDþXQD V UD]OLþLWLP SRGHãHQMLPD X UD]OLþLWH VYUKH *ODYQR SRGHãHQMH ]D 3RGDWNRYQL UDþXQ MH 7LS UDþXQD QDþLQ VSDMDQMD 3RGHãDYDQMH PRELOQRJ , QWHUQHWD r fo ot N om C se U al i rc me 6DYMHW $NR X VYRMHP WHOHIRQX QHPDWH SRGDWNRYQRJ UDþXQD QLWL SRGHãHQMD :$3 SRVWDYNH SRGHãHQMD SRGDWNRYQRJ UDþXQD PRåHWH XSLVDWL SULOLNRP XSLVLYDQMD SRGHãHQMD :$3 SRVWDYNH 3RJOHGDMWH :$3 XVOXJH2S. LMH:$3 SRVWDYNH'RG SRVWDYNX" 8SLãLWH LPH9H]D NRULVWHüL'RGDWL UDþXQ" . DR WLS UDþXQD PRåHWH RGDEUDWL *356 3RGD. L LOL *60 3RGD. L 1DSRPHQD 2EUDWLWH VH VYRMHP PUHåQRP RSHUDWHUX ]D LQIRUPD. LMH R QDSODüLYDQMX *356 *HQHUDO 3D. NHW 5DGLR 6HUYL. H RPRJXüXMH EU] L XþLQNRYLW SULVWXS SUL þHPX PRåHWH VWDOQR ELWL QD YH]L 1DSRPHQD 3RWUHEQD YDP MH SUHWSODWD NRMD SRGUåDYD *356 'RVWXSQD *356 SRGHãHQMD $31 $GUHVD QD]LYD SULVWXSQH WRþNH ± DGUHVD XGDOMHQH SRGDWNRYQH PUHåH NRMRM åHOLWH SULVWXSLWL ELOR , 3 DGUHVD LOL WHNVW , ' NRULVQLND ± YDã NRULVQLþNL , ' GD ELVWH VH SULMDYLOL ]D UDG QD XGDOMHQRM SRGDWNRYQRM PUHåL =DSRUND ± YDãD ]DSRUND GD ELVWH VH SULMDYLOL ]D UDG QD XGDOMHQRM SRGDWNRYQRM PUHåL 7UDåLWL ]DSRUNX 7UDåLWL ]DSRUNX ± DNR MH RYR SRGHãHQMH XNOMXþHQR RG YDV VH WUDåL GD XSLãHWH ]DSRUNX VYDNL SXW NDGD VH SULMDYOMXMHWH ]D UDG QD XGDOMHQRM SRGDWNRYQRM PUHåL 'RSXVWLWL SR]LYH 3ULRULWHWQD XVOXJD ± DNR åHOLWH ELWL X PRJXüQRVWL SULKYDüDWL GROD]QH SR]LYH ]D YULMHPH *356 YH]H RGDEHULWH $XWRPDWVNL $NR WR QH åHOLWH RGDEHULWH 6DPR *356 , 3 DGUHVD ± , 3 DGUHVD NRMX WHOHIRQ NRULVWL ]D YULMHPH NRPXQL. LUDQMD V PUHåRP $NR QH XSLãHWH DGUHVX PUHåD üH YDP GRGLMHOLWL SULYUHPHQX , 3 DGUHVX '16 DGUHVD ± DNR PUHåD QH QXGL DXWRPDWVNL , 3 DGUHVX '16 SRVOXåLWHOMX RYGMH MH PRåHWH XSLVDWL 1DSUHG SRGHã 1DSUHGQD SRGHãHQMD ± QLVX REYH]QD 2EUDWLWH VH VYRMHP PUHåQRP RSHUDWHUX 1DSRPHQD $NR åHOLWH L]PLMHQLWL YUVWX SULVWXSD PRUDWH QDSUDYLWL QRYL SRGDWNRYQL UDþXQ L RGDEUDWL YUVWX SULVWXSD NRMX åHOLWH NRULVWLWL 'D ELVWH UXþQR QDSUDYLOL SRGDWNRYQL UDþXQ 3RPDNQLWH VH QD 3RYH]LYDQMH <(6 3RGD. LNRPXQLN <(6 3RGDWN UDþXQL <(6 'RGDWL UDþXQ" <(6 2GDEHULWH YUVWX UDþXQD ]D SULVWXS 8SLãLWH QD]LY SRGDWNRYQRJ UDþXQD 8SLãLWH SRGHãHQMD NRMD VWH GRELOL RG VYRMHJ PUHåQRJ RSHUDWHUD LOL GDYDWHOMD XVOXJH 3RWYUGLWH VYDNR SRGHãHQMH SULWLVNRP QD <(6 3RPDNQLWH VH QD 6SUHPLWL" <(6 'D ELVWH L]PLMHQLOL SRGDWNRYQL UDþXQ 3RPDNQLWH VH QD 3RYH]LYDQMH <(6 3RGD. LNRPXQLN <(6 3RGDWN UDþXQL <(6 2GDEHULWH SRGDWNRYQL UDþXQ L SULWLVQLWH <(6 2GDEHULWH , ]PLMHQLWL 2GDEHULWH SRGHãHQMH NRMH åHOLWH L]PLMHQLWL L SULWLVQLWH <(6 , ]PLMHQLWH SRGHãHQMH L SULWLVQLWH <(6 3RQRYLWH NRUDN ]D GUXJD SRGHãHQMD NRMD åHOLWH L]PLMHQLWL *60 SRGHãHQMD VDVWRMH VH RG QHNLK SRGHãHQMD NRMD VX VOLþQD *356 SRGHãHQMLPD L RG QHNLK NRMD VX VSH. LILþQD ]D *60 NDNR VOLMHGL , 63 WHO EURM ± WHOHIRQVNL EURM YDãHJ GDYDWHOMD , QWHUQHW XVOXJD %U] SULMHQ SRG ± RGDEHULWH NRMX EU]LQX YH]H åHOLWH 7LS YH]H ± RGDEHULWH DQDORJQX LOL , 6'1 YH]X r fo ot N om C se U al i rc me 3RGHãDYDQMH PRELOQRJ , QWHUQHWD 3ULRULWHWQD XVOXJD 0RåHWH SRVWDYLWL *356 LOL *60 NDR SULRULWHWQX XVOXJX 'D ELVWH RGDEUDOL SULRULWHWQL QDþLQ 3RPDNQLWH VH QD 3RYH]LYDQMH3RGD. LNRPXQLN3ULRULWHW XVOXJD L RGDEHULWH *356 L *60 LOL 6DPR *60 1DSRPHQD 'D ELVWH YLGMHOL VWDQMH *356 SRNULYHQRVWL L YH]H SRWLVQLWH WLSNX ]D XJDÿDQMH JODVQRüH SUHPD JRUH LOL SUHPD GROMH L] VWDQMD þHNDQMD GD ELVWH RWYRULOL L]ERUQLN 6WDWXV D ]DWLP VH SRPDNQLWH QD *356 3RGHãHQMD :$3 SRVWDYNH :$3 SRGHãHQMD VSUHPDMX VH X :$3 SRVWDYNX 8 YHüLQL VOXþDMHYD WUHEDWH NRULVWLWL VDPR MHGQX SRVWDYNX ]D SULVWXS , QWHUQHWX 'RGDWQH :$3 SRVWDYNH PRåHWH SULPMHUL. H NRULVWLWL NDGD SULVWXSDWH ]DãWLüHQLP , QWHUQHW VWUDQL. DPD NDNYH VX VWUDQL. H EDQNH LOL LQWUDQHW VWUDQL. H YDãHJ SRGX]HüD . DGD WUHEDWH SURPLMHQLWL PUHåQX YH]X MHGQRVWDYQR VH SUHED. LWH QD GUXJX SRVWDYNX r fo ot N om C se U al i rc me 6DYMHW $NR X VYRMHP WHOHIRQX QHPDWH SRGDWNRYQRJ UDþXQD QLWL SRGHãHQMD :$3 SRVWDYNH SRGHãHQMD SRGDWNRYQRJ UDþXQD PRåHWH XSLVDWL SULOLNRP XSLVLYDQMD SRGHãHQMD :$3 SRVWDYNH 3RJOHGDMWH :$3 XVOXJH2S. LMH:$3 SRVWDYNH'RG SRVWDYNX" 8SLãLWH LPH9H]D NRULVWHüL'RGDWL UDþXQ" 'D ELVWH UXþQR XSLVDOL :$3 SRGHãHQMD 0RUDWH QDSUDYLWL SRGDWNRYQL UDþXQ L]PHÿX VYRMHJ WHOHIRQD L , QWHUQHW SRVOXåLWHOMD NDNR MH RSLVDQR X ´3RGHãHQMD 3RGDWNRYQRJ UDþXQD´ QD VWU 3RPDNQLWH VH QD :$3 XVOXJH <(6 2S. LMH <(6 :$3 SRVWDYNH <(6 2GDEHULWH 'RG SRVWDYNX" GD ELVWH GRGDOL QRYX SRVWDYNX LOL RGDEUDOL SRVWRMHüX SRVWDYNX NRMX åHOLWH L]PLMHQLWL L SULWLVQLWH <(6 . DGD RGDELUHWH 'RG SRVWDYNX" XSLãLWH QD]LY ]D WX SRVWDYNX SULWLVQLWH <(6 9H]D NRULVWHüL <(6 RGDEHULWH SRGDWNRYQL UDþXQ NRML üHWH NRULVWLWL <(6 L XSLãLWH , 3 DGUHVD <(6 3RMDYOMXMH VH SRSLV 3RPDNQLWH VH QD 6SUHPLWL" <(6 3RGHãDYDQMH PRELOQRJ , QWHUQHWD . DGD ELUDWH SRVWRMHüX SRVWDYNX PRåHWH XþLQLWL VOMHGHüH 3UHLPHQRYDWL ± 3URPMHQD QD]LYD SRVWDYNH 3RYH] NRULVWHüL ± 2GDEHULWH SRGDWNRYQL UDþXQ , 3 DGUHVD ± $GUHVD :$3 SULVWXSQLþNRJ SRVOXåLWHOMD 1DSUHGQR ± 'RGDWQD SRGHãHQMD SRVWDYNH SRJOHGDMWH GROMH , ]EULVDWL ± 8NODQMDQMH SRVWDYNH $NR RGDEHUHWH 1DSUHGQR PRåHWH XþLQLWL L VOMHGHüH 3URPLM 1DVO VWU ± 8SLãLWH DGUHVX :$3 VWUDQL. H NRMX åHOLWH NRULVWLWL NDR QDVORYQX VWUDQL. X KRPHSDJH 'UXJL UDþXQ ± 2GDEHULWH DOWHUQDWLYQL SRGDWNRYQL UDþXQ DNR SUYL QD SRSLVX 3RYH] NRULVWHüL QH XVSLMH , ' NRULVQLND ± 8QHVLWH VYRM NRULVQLþNL , ' ]D :$3 3ULVWXSQLN =DSRUND ± 8QHVLWH VYRMX ]DSRUNX ]D :$3 3ULVWXSQLN :$3 ]DãWLWD ± 3RJOHGDMWH ´3RGHãHQMD :$3 ]DãWLWH´ 3ULND] VOLND ± 3ULND] VOLND WLMHNRP SUHJOHGDYDQMD 3RGHãHQMD :$3 ]DãWLWH 9Dã WHOHIRQ SRGUåDYD ]DãWLüHQX :$3 YH]X . DGD XNOMXþLWH :$3 ]DãWLWX YH]D L]PHÿX YDãHJ WHOHIRQD L :$3 SULVWXSQLND MH ]DãWLüHQD 1DSRPHQD =DãWLWD YH]H L]PHÿX :$3 SULVWXSQLND L GDYDWHOMD :$3 VDGUåDMD MH RGJRYRUQRVW GDYDWHOMD :$3 XVOXJD 'D ELVWH XNOMXþLOL ]DãWLüHQX YH]X 3RPDNQLWH VH QD :$3 XVOXJH <(6 2S. LMH <(6 :$3 SRVWDYNH <(6 2GDEHULWH SRVWDYNX NRMX åHOLWH NRULVWLWL L SULWLVQLWH <(6 2GDEHULWH 1DSUHGQR <(6 :$3 ]DãWLWD <(6 2GDEHULWH 8NOMXþLWL <(6 r fo ot N om C se U al i rc me 6LJXUQRVQL PRGXO =DNOMXþDYDQMH 6LJXUQRVQL PRGXO VH QDOD]L QD 6, 0 NDUWL. L DNR YDã PUHåQL RSHUDWHU LOL GDYDWHOM XVOXJD QXGL WDNYX XVOXJX 0RGXO PRåH VDGUåDYDWL L . HUWLILNDWH L YDãH SULYDWQH NOMXþHYH 6LJXUQRVQL PRGXO MH ]DãWLüHQ SRVHEQLP SULVWXSQLP 3, 1 NRGRP NRMHJ WHOHIRQ WUDåL RG YDV SULOLNRP XVSRVWDYH ]DãWLüHQH YH]H 'D ELVWH XSLVDOL SULVWXSQL 3, 1 ]D VLJXUQRVQL PRGXO L SRWSLVQL 3, 1 3RPDNQLWH VH QD :$3 XVOXJH <(6 2S. LMH <(6 =DMHGQLþNR <(6 :$3 ]DãWLWD <(6 :$3 NOMXþHYL 3RGHãDYDQMH PRELOQRJ , QWHUQHWD 'LJLWDOQL SRWSLVL 0RåHWH SRWSLVDWL XJRYRU NRULVWHüL WHOHIRQ XSLVLYDQMHP GLJLWDOQRJ SRWSLVD EDã NDR GD SRWSLVXMHWH SDSLU NRULVWHüL VH RORYNRP =DSLVL GLJLWDOQLK SRWSLVD PRJX VH SURYMHULWL SR YDãHP SULYDWQRP NOMXþX SXWHP . HUWLILNDWD NRML VH NRULVWL ]D SRWSLVLYDQMH XJRYRUD 6YH WUDQVDN. LMH SRWSLVDQL XJRYRUL NRMH VH L]YUãH NRULVWHüL WHOHIRQ WLMHNRP YH]H VSUHPDMX VH X WHOHIRQ 'D ELVWH SURYMHULOL YDãH SRWYUGH 3RPDNQLWH VH QD :$3 XVOXJH2S. LMH=DMHGQLþNR :$3 ]DãWLWD8JRYRUL &HUWLILNDWL RYMHUH L . HUWLILNDWL NOLMHQWD 'D EL VH XVSRVWDYLOD ]DãWLüHQD YH]D WLMHNRP NRULãWHQMD RGUHÿHQLK :$3 XVOXJD SULPMHUL. H WHOHIRQVNRJ EDQNDUVWYD LOL :$3 NXSRYLQH X VYRMHP WHOHIRQX PRUDWH LPDWL . HUWLILNDWH 3RVWRMH UD]OLþLWH YUVWH . HUWLILNDWD QSU &HUWLILNDWL SRVOXåLWHOMD VH NRULVWH NDR LGHQWLILND. LMD :$3 SULVWXSQLND WHOHIRQX L GD SRNDåX GD MH SULVWXSQLN RYMHUHQ RG VWUDQH WLMHOD NRMHPX VH YMHUXMH &HUWLILNDW SRVOXåLWHOMD VH XVSRUHÿXMH V . HUWLILNDWLPD RYMHUH NRML VX VSUHPOMHQL X WHOHIRQX LOL QD VLJXUQRVQRP PRGXOX $NR WHOHIRQ QH PRåH SURYMHULWL LGHQWLWHW SRVOXåLWHOMD PRåHWH SUHNLQXWL YH]X LOL MH QDVWDYLWL 3RGHãDYDQMH PRELOQRJ , QWHUQHWD r fo ot N om C se U al i rc me &HUWLILNDWL RYMHUH VH NRULVWH ]D SURYMHUX :$3 SULVWXSQLND QD NRML VH SRNXãDYDWH VSRMLWL &HUWLILNDWL RYMHUH PRJX YHü ELWL VSUHPOMHQL X YDã WHOHIRQ SULOLNRP NXSQMH $NR LPDWH VLJXUQRVQL PRGXO L QD QMHPX VH PRJX QDOD]LWL . HUWLILNDWL RYMHUH &HUWLILNDWH RYMHUH PRåHWH SUHX]HWL L VD 6RQ\ (UL. VVRQ 0RELOH , QWHUQHW LOL GUXJLK :$3 VWUDQL. D &HUWLILNDWL NOLMHQWD VH QDOD]H QD VLJXUQRVQRP PRGXOX ]DMHGQR V YDãLP SULYDWQLP NOMXþHYLPD &HUWLILNDWH NOLMHQWD NRULVWLWH GD ELVWH VH LGHQWLIL. LUDOL EDQNRYQLP LOL GUXJLP VHUYLVLPD 0RJX VH NRULVWLWL L ]D GLJLWDOQH SRWSLVH 'D ELVWH SURYMHULOL . HUWLILNDWH X VYRMHP WHOHIRQX 3RPDNQLWH VH QD :$3 XVOXJH <(6 2S. LMH <(6 =DMHGQLþNR <(6 :$3 ]DãWLWD <(6 2GDEHULWH &HUWLILNDWL LOL &HUWLILN NOLMHQWD 3RGHãHQMD UDþXQD (SRãWH 5DþXQRP HSRãWH QDYRGL VH SULPMHUL. H SRVOXåLWHOM NRML VH NRULVWL ]D YDãH SRUXNH HSRãWH 'D ELVWH QDSUDYLOL UDþXQ HSRãWH 3RPDNQLWH VH QD 3RUXNH <(6 (SRãWD 2GDEHULWH , ]PLM UDþXQ <(6 2GDEHULWH 'RGDWL QRYR" <(6 <(6 2S. LMH <(6 8SLãLWH QD]LY ]D UDþXQ SULPMHUL. H . XüD LOL 8UHG 2GDEHULWH 3RYH] NRULãW <(6 6 SRGDWNRYQLP UDþXQLPD SRVSUHPOMHQLP X YDãHP WHOHIRQX SRMDYOMXMH VH SRSLV 2GDEHULWH SRGDWNRYQL UDþXQ NRML åHOLWH NRULVWLWL V RYLP UDþXQRP HSRãWH L SULWLVQLWH <(6 8SLãLWH RVWDOD SRGHãHQMD QD SRSLVX RG NRMLK QHND QLVX REYH]QD =D XSLV SRGHãHQMD SRPDNQLWH VH GR SRGHãHQMD SULWLVQLWH <(6 L XSLãLWH LQIRUPD. LMH 3ULWLVQLWH <(6 ]D SRWYUGX 2YR SRQRYLWH ]D VYDNR SRWUHEQR SRGHãHQMH 1D VYRMHP WHOHIRQX NRULVWLWH LVWD SRGHãHQMD NDR L X VYRMHP SURJUDPX HSRãWH QD 3&X $NR YDP XVOXJD HSRãWH QLMH GRVWXSQD MDYLWH VH VYRMHP RSHUDWHUX GD ELVWH GRELOL VYD SRWUHEQD SRGHãHQMD 3URWRNRO ± RGDEHULWH 323 LOL , 0$3 'ROD] SRVOXåLW 'ROD]QL SRVOXåLWHOM ± XSLãLWH LPH LOL , 3 DGUHVX GDYDWHOMD XVOXJH ]D GROD]QH SRUXNH HSRãWH 3ULPMHUL. H PDLOVHUYHU. RP LOL 'ROD]QL SRUW ± DNR MH SRWUHEQR SURPLMHQLWH EURM SRUWD ]D SURWRNRO NRMLP VH NRULVWLWH 3RãW VDQGXþLü ± XSLãLWH NRULVQLþNR LPH ]D VYRM UDþXQ HSRãWH =DSRUND ± XSLãLWH ]DSRUNX ]D VYRM UDþXQ HSRãWH 9Dã GDYDWHOM XVOXJD XPMHVWR WRJD PRåH SULOLNRP XVSRVWDYH YH]H ]DKWLMHYDWL ]DSRUNX r fo ot N om C 2GOD] SRVOXåLW ± XSLãLWH LPH LOL , 3 DGUHVX 6073 SRVOXåLWHOMD GD ELVWH PRJOL VODWL SRUXNH HSRãWH 2GOD]QL SRUW ± DNR MH SRWUHEQR SURPLMHQLWH EURM SRUWD NRMLP VH NRULVWL 6073 SURWRNRO $GUHVD HSRãWH ± XSLãLWH VYRMX DGUHVX HSRãWH 3UHX]HWL ± RGDEHULWH åHOLWH OL SULPDWL ]DJODYOMD L WHNVWRYH SRUXND LOL VDPR ]DJODYOMD , PH X 2G SROMX ± XSLãLWH VYRMH LPH 3RWSLV ± RGDEHULWH DNR åHOLWH GRGDWL VYRMX SRVMHWQL. X X VYRMH SRUXNH HSRãWH %&& ± 2GDEHULWH 8NOMXþLWL DNR åHOLWH GD VH SRUXNH HSRãWH NRMH ãDOMHWH VD VYRMHJ WHOHIRQD WDNRÿHU ãDOMX L QD DGUHVX HSRãWH SR YDãHP L]ERUX 1D WDM QDþLQ SRUXNH NRMH VWH SRVODOL VD VYRMHJ WHOHIRQD PRJX ELWL VSUHPOMHQH ]D NDVQLMH NRULãWHQMH , QWHUYDO SURYMHU ± 2GDEHULWH NROLNR þHVWR åHOLWH GD VH YDã WHOHIRQ SRYHåH V YDãLP SRVOXåLWHOMHP HSRãWH L SURYMHUL GROD]QX HSRãWX se U al i rc me $NR LPDWH YLãH UDþXQD HSRãWH QSU X XUHGX L NRG NXüH PRåHWH RGUHGLWL MHGDQ RG QMLK NDR VWDQGDUGQL 2GDEHULWH , ]ERU UDþXQD V L]ERUQLND 3RUXNH(SRãWD 2S. LMH L RGDEHULWH UDþXQ 3RJOHGDMWH ´(SRãWD´ QD VWU ]D LQIRUPD. LMH R QDþLQX NRULãWHQMD HSRãWH 3RGHãDYDQMH PRELOQRJ , QWHUQHWD 5D]PMHQD SRUXND 9Dã WHOHIRQ SRGUåDYD UD]QH XVOXJH UD]PMHQH SRUXND ± SLVDQLK SRUXND SRUXND þDYUOMDQMD PXOWLPHGLMDOQLK SRUXND L HSRãWH -DYLWH VH VYRMHP GDYDWHOMX XVOXJD ]D YLãH LQIRUPD. LMD R WRPH NRMH XVOXJH VX YDP GRVWXSQH 3LVDQH SRUXNH 7HNVW SRUXNH VH ãDOMX NRULVWHüL 606 6KRUW 0HVVDJH 6HUYL. H ± 8VOXJD NUDWNLK SRUXND 7H VH SRUXNH PRJX VODWL MHGQRM RVREL LOL QSU JUXSL SULPDWHOMD NRMX VWH VSUHPLOL X LPHQLN 3RUXNDPD PRåHWH GRGDYDWL VOLNH DQLPD. LMH PHORGLMH L ]YXþQH HIHNWH D PRåHWH L REOLNRYDWL WHNVW NRULVWHüL (06 (QKDQ. HG 0HVVDJLQJ 6HUYL. H ± 3REROMãDQD XVOXJD SRUXND 0RåHWH VODWL L VOLNRYQH SRUXNH 1DSRPHQD 3LVDQH SRUXNH V (06 PRJXüQRVWLPD PRJX VH VODWL VDPR QD GUXJH NRPSDWLELOQH WHOHIRQH NRML NRULVWH (06 VWDQGDUG 3ULMH SRþHWND 1DMSULMH SURYMHULWH MH OL XSLVDQ EURM YDãHJ . HQWUD XVOXJD %URM YDP GDMH YDã GDYDWHOM XVOXJD D RELþQR MH YHü VSUHPOMHQ QD 6, 0 NDUWL. L 5D]PMHQD SRUXND r fo ot N om C se U al i rc me 'D ELVWH SRGHVLOL EURM . HQWUD XVOXJH 3RPDNQLWH VH QD 3RUXNH <(6 606 <(6 2S. LMH &HQWUL XVOXJD <(6 %URM . HQWUD XVOXJD VH SRMDYOMXMH QD ]DVORQX DNR MH VSUHPOMHQ QD 6, 0 NDUWL. L $NR QD SRSLVX QHPD QLNDNYRJ EURMD RGDEHULWH 'RGDWL QRYR" <(6 8SLãLWH EURM XNOMXþXMXüL PHÿXQDURGQL ´ ´ ]QDN L SR]LYQL EURM ]HPOMH L SULWLVQLWH <(6 6ODQMH SLVDQLK SRUXND =D LQIRUPD. LMH R XSLVLYDQMX VORYD SRJOHGDMWH ´8SLVLYDQMH VORYD L ]QDNRYD´ QD VWU <(6 'D ELVWH QDSLVDOL L SRVODOL SLVDQX SRUXNX 3RPDNQLWH VH QD 3RUXNH <(6 606 <(6 1DSLVDWL QRYX <(6 8SLãLWH VYRMX SRUXNX L SULWLVQLWH <(6 8SLãLWH MHGQRJ LOL YLãH SULPDWHOMD NDNR VOLMHGL 8SLãLWH WHOHIRQVNL EURM SULPDWHOMD L SULWLVQLWH <(6 =D YLãH SULPDWHOMD SRPDNQLWH VH QD 'RG SULPDWHOMD <(6 XSLãLWH EURM <(6 3ULWLVQLWH GD ELVWH SR]YDOL WHOHIRQVNL EURM L] LPHQLND LOL GUXJH RS. LMH 2GDEHULWH 3RVODWL <(6 1DSRPHQD $NR ãDOMHWH SLVDQX SRUXNX ]D YLãH SULPDWHOMD REUDþXQDYD YDP VH VODQMH VYDNRP SRMHGLQDþQRP SULPDWHOMX 'D ELVWH XPHWQXOL VWDYNX X SLVDQX SRUXNX 3RPDNQLWH VH QD 3RUXNH <(6 606 <(6 1DSLVDWL QRYX <(6 7LMHNRP SLVDQMD VYRMH SRUXNH SULWLVQLWH 2GDEHULWH 8PHWQL REMHNW <(6 2GDEHULWH 6OLND =YXN 0HORGLMD $QLPD. LMD LOL 0RMH DQLP LOL 6OLNRYQL 606 <(6 2GDEHULWH VWDYNX L SULWLVQLWH <(6 =DWLP SULWLVQLWH <(6 SRQRYQR ]D SRWYUGX 1DNRQ XPHWDQMD VWDYNH SULWLVQLWH ]D RGDELU EULVDQMH LOL L]PMHQX RS. LMD 'D ELVWH SRGHVLOL SULVWXSQLN HSRãWH 3RPDNQLWH VH QD 3RUXNH <(6 606 <(6 2S. LMH <(6 3ULVWXS HSRãWH <(6 $NR QD SRSLVX QHPD QLNDNYRJ EURMD RGDEHULWH 'RGDWL QRYR" <(6 8SLãLWH EURM XNOMXþXMXüL PHÿXQDURGQL ´ ´ ]QDN L SR]LYQL EURM ]HPOMH L SULWLVQLWH <(6 3ULVWXSQLNH HSRãWH PRåHWH GRGDYDWL PLMHQMDWL LOL EULVDWL 1DSRPHQD 2S. LMH ]D XPHWDQMH GUXJLK VWDYNL SRSXW PHORGLMD L ]YXNRYD GRVWXSQH VX VDPR ]D 6RQ\ (UL. VVRQ IRUPDWH VOLND D QH ]D VOLNRYQH SRUXNH 3ULVWXSQLN HSRãWH 9Dã PUHåQL RSHUDWHU PRåGD LPD WHOHIRQVNL EURM SULVWXSQLND HSRãWH NRML YDP RPRJXüXMH VODQMH SLVDQH SRUXNH QD QHNX DGUHVX HSRãWH r fo ot N om C =D REOLNRYDQMH WHNVWD X SLVDQRM SRUX. L 3RPDNQLWH VH QD 3RUXNH <(6 606 <(6 1DSLVDWL QRYX <(6 1DSLãLWH SRUXNX 2]QDþLWH WHNVW NRML åHOLWH REOLNRYDWL SRPL. DQMHP WLSNH ]D XJDÿDQMH JODVQRüH SUHPD GROMH GRN VH SRPLþHWH QDWUDJ SRPRüX QDYLJD. LMVNH WLSNH 3ULWLVQLWH 2GDEHULWH )RUPDW WHNVWD <(6 =DWLP RGDEHULWH 6WLO WHNVWD 9HOLþ WHNVWD 3RUDYQDQMH LOL 1RYL RGORPDN <(6 2GDEHULWH REOLNRYDQMH WHNVWD L SULWLVQLWH <(6 6DYMHW 3ULMH SRþHWND SLVDQMD SRUXNH PRåHWH RGDEUDWL L REOLNRYDQMH WHNVWD 5D]PMHQD SRUXND se U al i rc me 2EOLNRYDQMH WHNVWD 8 SLVDQRM SRUX. L PRåHWH PLMHQMDWL VWLO YHOLþLQX L SRUDYQDQMH WHNVWD L L]UDÿLYDWL QRYH RGORPNH 3ULPDQMH SLVDQLK SRUXND . DGD SULPLWH SLVDQX SRUXNX YDã WHOHIRQ VH RJODãDYD ]YXþQLP VLJQDORP D QD ]DVORQX VH SRMDYOMXMH SRUXND 1RYH SRUXNH 3URþLWDWL VDGD" $NR SULPLWH SLVDQX SRUXNX RG RVREH NRMX VWH VSUHPLOL NDR NRQWDNW X LPHQLN LPH WRJ NRQWDNWD VH SRMDYOMXMX QD ]DVORQX ]DMHGQR V SLVDQRP SRUXNRP 'D ELVWH SURþLWDOL SLVDQX SRUXNX 3ULWLVQLWH <(6 ]D þLWDQMH SLVDQH SRUXNH LOL 12 DNR SRUXNX åHOLWH þLWDWL NDVQLMH 3RUXND VH VSUHPD X 'ROD]QD SRãWD QD L]ERUQLNX 606 6YH GLMHORYH GXJH SRUXNH PRåGD QHüHWH SULPLWL LVWRYUHPHQR 7LMHNRP þLWDQMD SLVDQH SRUXNH PRåHWH SULPMHUL. H ]DSRþHWL þDYUOMDQMH V SRãLOMDWHOMHP LOL RWYRULWL :$3 DGUHVX NRMX VWH SURQDãOL X WHNVWX SRUXNH . DGD VWH SURþLWDOL SLVDQX SRUXNX SULWLVQLWH <(6 ]D RGDELU MHGQH RG VOMHGHüLK RS. LMD SULPMHUL. H 2GJRYRULWL 3URVOLMHGLWL LOL , ]EULVDWL SLVDQX SRUXNX 3ULWLVQLWH 12 ]D ]DWYDUDQMH SLVDQH SRUXNH 6SUHPDQMH GROD]QLK SLVDQLK SRUXND 'ROD]QH SLVDQH SRUXNH VH VSUHPDMX X PHPRULMX WHOHIRQD . DGD VH PHPRULMD WHOHIRQD SRSXQL QRYH SLVDQH SRUXNH VH VSUHPDMX QD 6, 0 NDUWL. X 3RUXNH NRMH VX VSUHPOMHQH QD 6, 0 NDUWL. X RVWDMX WDPR GRN LK QH REULãHWH 5D]PMHQD SRUXND r fo ot N om C se U al i rc me =D VSUHPDQMH VWDYNL L] SLVDQH SRUXNH . DGD VX PHORGLMD WHOHIRQVNL EURM :$3 DGUHVD VOLND LOL DQLPD. LMD R]QDþHQL SULWLVQLWH <(6 =DWLP RGDEHULWH VSUHPDQMH VWDYNH L SULWLVQLWH 0HORGLMD VH VSUHPD X 0RML ]YX. L 7HOHIRQVNL EURM VH VSUHPD X , PHQLN :$3 DGUHVD VH VSUHPD X 2GDEUDQH VWU 6YH VH VOLNH VSUHPDMX X 0RMH VOLNH 1DSRPHQD $QLPD. LMH VH PRJX YLGMHWL VDPR SULOLNRP XPHWDQMD VWDYNH X SLVDQX SRUXNX 3RJOHGDMWH ´'D ELVWH XPHWQXOL VWDYNX X SLVDQX SRUXNX´ QD VWU 'XJH SRUXNH -HGQD SLVDQD SRUXND PRåH LPDWL QDMYLãH ]QDNRYD 0RåHWH VODWL L GXOMH SRUXNH SUL þHPX VH GYLMH LOL YLãH SRUXND SRYH]XMH 1DSRPHQD 1DSODüXMX YDP VH VYL ]DVHEQL GLMHORYL SRYH]DQLK SRUXND =D LVNOMXþLYDQMH GXJLK SRUXND 3RPDNQLWH VH QD 3RUXNH <(6 606 <(6 2S. LMH 'XJH SRUXNH <(6 RGDEHULWH , VNOMXþLWL <(6 <(6 3UHGORã. L $NR LPDWH MHGQX LOL YLãH SRUXND NRMH þHVWR NRULVWLWH PRåHWH LK VSUHPLWL NDR SUHGORåDN , YDã GDYDWHOM XVOXJH MH PRåGD VSUHPLR QHNH SUHGORãNH X YDã WHOHIRQ 'D ELVWH L]UDGLOL SUHGORåDN 3RPDNQLWH VH QD 3RUXNH <(6 606 <(6 3UHGORã. L <(6 'RGDWL QRYR" <(6 8SLãLWH SRUXNX L SULWLVQLWH <(6 3ULWLVQLWH <(6 GD ELVWH RGPDK SRVODOL SRUXNX 3ULWLVQLWH 12 ]D VSUHPDQMH SUHGORãND 2S. LMH SRUXNH 0RåHWH SRGHVLWL VWDQGDUGQX YULMHGQRVW ]D RS. LMH SRUXNH LOL PRåHWH ELUDWL SRGHãHQMD SULOLNRP VYDNRJ VODQMD SRUXNH 9UVWD 606D ± 7HOHIRQ SRGUåDYD UD]OLþLWH YUVWH SRUXND 9Dã GDYDWHOM XVOXJD PRåGD QXGL PRJXüQRVWL SUHWYDUDQMD SLVDQH SRUXNH X GUXJL IRUPDW QSU X HSRãWX NRML RGJRYDUD RSUHPL QD NRMRM VH SRUXND SULPD 5D]GRE YDOMDQ ± $NR VH YDãD SRUXND QH PRåH GRVWDYLWL QSU MHU MH SULPDWHOM LVNOMXþLR WHOHIRQ YDã . HQWDU XVOXJH PRåH VSUHPLWL SRUXNX GD EL MH SRVODR NDVQLMH 7UDåLWL RGJRYRU ± 8NOMXþXMH WUDåHQMH RGJRYRUD DNR åHOLWH GD SULPDWHOM YDãH SRUXNH RGJRYRUL =DKWMHY VWDWXVD ± 3URYMHUDYD MH OL SRUXND GRVWDYOMHQD 'D ELVWH RGUHGLOL RS. LMX SRUXNH 3RPDNQLWH VH QD 3RUXNH <(6 606 <(6 2S. LMH 2GDEHULWH RS. LMX SRUXNH L SULWLVQLWH <(6 2GDEHULWH RS. LMX LOL 3RV NRG VODQMD <(6 <(6 'D ELVWH SURYMHULOL VWDWXV SRVODQH SRUXNH 3RPDNQLWH VH QD 3RUXNH <(6 606 <(6 3RVODQR <(6 RGDEHULWH SRUXNX SULWLVQLWH 3RND]DWL VWDWXV <(6 r fo ot N om C 'D ELVWH XSLVDOL VYRM QDGLPDN ]D þDYUOMDQMH 3RPDNQLWH VH QD 3RUXNH <(6 ýDYUOMDQMH <(6 2GDEHULWH 1DGLPDN <(6 8SLãLWH VYRM QDGLPDN NRULVWHüL QDMYLãH ]QDNRYD L SULWLVQLWH <(6 'D ELVWH ]DSRþHOL þDYUOMDQMH 3RPDNQLWH VH QD 3RUXNH <(6 ýDYUOMDQMH <(6 =DSRþHWL QRYR <(6 8SLãLWH EURM SULPDWHOMD LOL JD SUHX]PLWH L] LPHQLND SULWLVNRP QD 8SLãLWH VYRMX SRUXNX L SULWLVQLWH <(6 5D]PMHQD SRUXND se U al i rc me 0RELOQR þDYUOMDQMH )XQN. LMD PRELOQRJ þDYUOMDQMD UDGL QD LVWL QDþLQ NDR L þDYUOMDQMH . KDW QD , QWHUQHWX 0RåHWH RGDEUDWL QDGLPDN NRML VH SRMDYOMXMH QD ]DVORQX SULPDWHOMD VYDNL SXW NDG PX SRãDOMHWH SRUXNX þDYUOMDQMD 3ULPDQMH SR]LYD QD þDYUOMDQMH . DGD SULPLWH SR]LY QD þDYUOMDQMH WHOHIRQ VH RJODãDYD ]YXþQLP VLJQDORP D QD ]DVORQX VH SRMDYOMXMH SRUXND 3RUXND þDYUOMDQMD ýDYUOMDWL" 'D ELVWH SURþLWDOL SRUXNX þDYUOMDQMD SULWLVQLWH <(6 8SLãLWH VYRM RGJRYRU QD SRUXNX þDYUOMDQMD L SULWLVQLWH <(6 =D SULYUHPHQL SUHNLG þDYUOMDQMD SULWLVQLWH 12 =D QDVWDYDN þDYUOMDQMD SRPDNQLWH VH QD 3RUXNH ýDYUOMDQMH1DVWDYLWL =D NUDM þDYUOMDQMD SULWLVQLWH L GUåLWH 12 =D RGELMDQMH SRUXNH þDYUOMDQMD SULWLVQLWH 12 2GELMHQD SRUXND þDYUOMDQMD VH VSUHPD X 'ROD]QD SRãWD QD L]ERUQLNX 3RUXNH 'D ELVWH ]DYUãLOL WHNXüH þDYUOMDQMH L ]DSRþHOL QRYR NRULVWHüL QRYX SRUXNX þDYUOMDQMD SULWLVQLWH <(6 , QIRUPD. LMH R SRGUXþMX , QIRUPD. LMH R SRGUXþMX VX SRVHEQD YUVWD SLVDQLK SRUXND NRMH VH ãDOMX VYLP SUHWSODWQL. LPD X RGUHÿHQRP PUHåQRP SRGUXþMX QSU ORNDOQR L]YMHãüH R VWDQMX QD SURPHWQL. DPD . DGD SULPLWH SRUXNX LQIRUPD. LMD R SRGUXþMX SRUXND VH DXWRPDWVNL SRMDYOMXMH 3RUXNH LQIRUPD. LMD R SRGUXþMX QH PRåHWH VSUHPDWL -DYLWH VH VYRMHP GDYDWHOMX XVOXJD ]D GRGDWQH SRGDWNH R NRGRYLPD LQIRUPD. LMD R SRGUXþMX 'D ELVWH XNOMXþLOL LOL LVNOMXþLOL , QIRUPD. LMH R SRGUXþMX 3RPDNQLWH VH QD 3RUXNH, QIR R SRGUXþMX3ULMHP 'D ELVWH GRGDOL N{G LQIRUPD. LMH R SRGUXþMX 3RPDNQLWH VH QD 3RUXNH, QIR R SRGUXþMX3RSLV SRUXND'RGDWL QRYR" , QIR R VWDQL. L 1HNL PUHåQL RSHUDWHUL NRULVWH NDQDO LQIRUPD. LMD R VWDQL. L ]D VODQMH SRUXND VYRMLP SUHWSODWQL. LPD X RGUHÿHQRP PUHåQRP SRGUXþMX r fo ot N om C se U al i rc me 'D ELVWH XNOMXþLOL NDQDO 3RPDNQLWH VH QD 3RUXNH, QIR R SRGUXþMX, QIR R VWDQL. L 0XOWLPHGLMDOQH SRUXNH 0XOWLPHGLMDOQH SRUXNH PRJX VH VODWL QD PRELOQH WHOHIRQH L DGUHVH HSRãWH NRULVWHüL 006 0XOWLPHGLD 0HVVDJLQJ 6HUYL. H ± 8VOXJH PXOWLPHGLMDOQLK SRUXND 0XOWLPHGLMDOQD SRUXND PRåH VDGUåDWL WHNVW VOLNH DQLPD. LMH PHORGLMH L ]YXNRYH 7DNRÿHU PRåHWH VODWL NRQWDNWH VWDYNH GRJDÿDMD L VQLPNH JRYRUD NDR SULYLWNH 5D]PMHQD SRUXND 3ULMH SRþHWND 0RUDWH LPDWL VOMHGHüD SRGHãHQMD $GUHVD VHUYLVQRJ . HQWUD 2GUHÿHQD :$3 SRVWDYND ]D PXOWLPHGLMDOQH SRUXNH 1DSRPHQD -DYLWH VH VYRMHP PUHåQRP RSHUDWHUX ]D DXWRPDWVNR SUHX]LPDQMH SRGHãHQMD LOL ]D GRGDWQH LQIRUPD. LMH 'D ELVWH XSLVDOL EURM . HQWUD XVOXJH 3RPDNQLWH VH QD 3RUXNH0062S. LMH&HQWDU SRUXND =D RGDELU LOL XSLV SRGHãHQMD ]D 006 3RPDNQLWH VH QD 3RUXNH0062S. LMH:$3 SRVWDYND L RGDEHULWH 2GDEHULWH LOL 1DSUDYLWL QRYX 3RJOHGDMWH ´'D ELVWH UXþQR XSLVDOL :$3 SRGHãHQMD´ QD VWU ]D LQIRUPD. LMH R L]UDGL :$3 SRVWDYNH 'RGDWQH RS. LMH 0RåHWH SRGHVLWL UD]OLþLWH RS. LMH ]D VODQMH L SULPDQMH PXOWLPHGLMDOQLK SRUXND 'D ELVWH L]PLMHQLOL RS. LMX 3RPDNQLWH VH QD 3RUXNH0062S. LMH 'D ELVWH SULSUHPLOL L SRVODOL QRYX PXOWLPHGLMDOQX SRUXNX 3RPDNQLWH VH QD 3RUXNH <(6 006 <(6 1DSLVDWL QRYX <(6 2GDEHULWH V SRGL]ERUQLND L SULWLVQLWH <(6 2GDEHULWH LQIRUPD. LMX NRML åHOLWH SRVODWL L SULWLVQLWH <(6 3ULWLVQLWH <(6 SRQRYQR ]D QDVWDYDN <(6 ]D GRGDYDQMH GUXJLK VWDYNL LOL ]D MRã 2GDEHULWH RS. LMD 3RPDNQLWH VH QD 3RVODWL SRUXNX <(6 8SLãLWH WHOHIRQVNL EURM SULPDWHOMD LOL SULWLVQLWH GD ELVWH SURQDãOL EURM LOL DGUHVX HSRãWH X LPHQLNX 3ULWLVQLWH <(6 GD ELVWH SRVODOL SRUXNX 6DYMHW 2]QDþLWH GLR SRUXNH L SULWLVQLWH DNR QLVWH ]DGRYROMQL L åHOLWH L]EULVDWL GLR WLMHNRP SLVDQMD r fo ot N om C se U al i rc me 'D ELVWH NRULVWLOL XQDSULMHG GHILQLUDQL SUHGORåDN ]D PXOWLPHGLMDOQX SRUXNX 3RPDNQLWH VH QD 3RUXNH <(6 006 <(6 3UHGORã. L <(6 5D]PMHQD SRUXND 'D ELVWH L]PLMHQLOL SRUXNX SULMH VODQMD =D L]PMHQX VWDYNH RGDEHULWH MH L SULWLVQLWH <(6 6OLNH ± 'RGDMWH VOLNX LOL ]DPLMHQLWH SRVWRMHüX VOLNX GUXJRP L] 0RMH VOLNH 7HNVW ± 'RGDMWH LOL L]PLMHQLWH SRVWRMHüL WHNVW =D SURPMHQX YHOLþLQH WHNVWD R]QDþLWH WHNVW L SULWLVQLWH 2GDEHULWH 9HOLþLQD WHNVWD <(6 =YXN ± 'RGDMWH LOL ]DPLMHQLWH SRVWRMHüL ]YXN QHNLP GUXJLP L] 0RML ]YX. L 6WUDQL. D ± 8PHWQLWH QRYX VWUDQL. X 9ULMHPH ± 'D ELVWH RGUHGLOL NROLNR VHNXQGL üH VH VWDYND SULND]LYDWL RGDEHULWH VWDYNX L SULWLVQLWH 2GDEHULWH 9ULMHPH VWDYNH <(6 'D ELVWH RGUHGLOL YUHPHQVNL UDVSRQ SRUXNH R]QDþLWH VLPERO SRND]LYDþD X SRUX. L SULWLVQLWH <(6 L RGDEHULWH 9ULMHPH VWU <(6 , ]EULVDWL VWU ± %ULVDQMH VWUDQL. H 3UHJOHG VWUDQH ± 3UHJOHG VWUDQL. H SULMH VODQMD 3UHJOHG ± 3UHJOHG SRUXNH 3ULPDQMH PXOWLPHGLMDOQLK SRUXND . DGD SULPLWH PXOWLPHGLMDOQX SRUXNX YDã WHOHIRQ VH RJODãDYD ]YXþQLP VLJQDORP D QD ]DVORQX VH SRMDYOMXMH SRUXND 3URþLWDWL VDGD" 3ULWLVQLWH <(6 ]D þLWDQMH SRUXNH 1DSRPHQD . DSD. LWHW PHPRULMH MH RJUDQLþHQ 0RåGD üHWH PRUDWL L]EULVDWL VWDUH SRUXNH GD ELVWH PRJOL SULPDWL QRYH 5D]PMHQD SRUXND r fo ot N om C se U al i rc me 2S. LMH DXWRPDWVNRJ SUHX]LPDQMD 6 L]ERUQLND 3RUXNH0062S. LMH$XWRP SUHX]LP RGDEHULWH MHGQR RG VOMHGHüHJ 8NOMXþHQR ± 3RUXNH VH DXWRPDWVNL SUHX]LPDMX QD WHOHIRQ 3RWYUGLWL" ± 3ULWLVQLWH <(6 ]D SUHX]LPDQMH LOL 12 ]D VSUHPDQMH QD SRVOXåLWHOM YDãHJ PUHåQRJ RSHUDWHUD , VNOMXþHQR ± 8 'ROD]QRM SRãWL VH SRMDYOMXMH VLPERO QRYH SRUXNH 2GDEHULWH SRUXNX L SULWLVQLWH <(6 ]D SUHX]LPDQMH 1DSRPHQD 3URYMHULWH NRG VYRMHJ PUHåQRJ RSHUDWHUD NROLNR SRUXND PRåHWH VSUHPLWL LOL NROLNR PMHVWD LPDWH QD UDVSRODJDQMX QD PUHåQRP SRVOXåLWHOMX =D SUHJOHG PXOWLPHGLMDOQH SRUXNH 3ULWLVQLWH <(6 3RUXND VH DXWRPDWVNL SULND]XMH SUHVOXãDYD 3ULWLVQLWH ELOR NRMX WLSNX ]D SUHNLG . DGD VWH SUHJOHGDOL PXOWLPHGLMDOQX SRUXNX PRåHWH NRULVWLWL QDYLJD. LMVNX WLSNX MR\VWL. N GD ELVWH SRQRYQR SRJOHGDOL SRUXNX . DGD MH VWDYND R]QDþHQD SULWLVQLWH GD ELVWH MH VSUHPLOL X VYRM WHOHIRQ 1DNRQ ãWR VWH SURþLWDOL SRUXNX RGDEHULWH 1DVWDYLWL L RGDEHULWH MHGQX RG VOMHGHüLK RS. LMD QSU 2GJRYRULWL 3URVOLMHGLWL 6SUHPL SUHGORå LOL , ]EULVDWL SRUXNX 3ULWLVQLWH 12 ]D ]DWYDUDQMH SRUXNH 6DYMHW 7DNRÿHU PRåHWH RGDEUDWL SRUXNX V SRSLVD SRUXND L SULWLVQXWL ]D EULVDQMH . LMHOH SRUXNH (SRãWD 6YRM WHOHIRQ PRåHWH NRULVWLWL ]D VODQMH L SULPDQMH SRUXND HSRãWH SXWHP , QWHUQHWD QD LVWL QDþLQ NDNR WR UDGLWH V 3& UDþXQDOD 3ULMH SRþHWND 1DMSULMH YDP MH SRWUHEQR VOMHGHüH 3UHWSODWD NRMD SRGUåDYD SULMHQRV SRGDWDND =D YLãH LQIRUPD. LMD MDYLWH VH VYRMHP GDYDWHOMX XVOXJD 3RGHVLWL SRGDWNRYQL UDþXQ 3RJOHGDMWH ´3RGHãHQMD 3RGDWNRYQRJ UDþXQD´ QD VWU 3RGHVLWL L RGDEUDWL UDþXQ HSRãWH 3RJOHGDMWH ´3RGHãHQMD UDþXQD (SRãWH´ QD VWU 6ODQMH L SULPDQMH SRUXND HSRãWH 2S. LMD 6ODWL L SULPDWL QXGL QDMEUåL QDþLQ ]D VODQMH SRUXND HSRãWH VSUHPOMHQLK X 2GOD]QD SRãWD L SURYMHUX QRYLK SRUXND HSRãWH r fo ot N om C 'D ELVWH QDSLVDOL L SRVODOL SRUXNX HSRãWH 3RPDNQLWH VH QD 3RUXNH <(6 (SRãWD <(6 1DSLVDWL QRYR <(6 2GDEHULWH =D ± =DWLP GRGDMWH LPH XSLãLWH DGUHVX HSRãWH LOL MH RGDEHULWH L] LPHQLND 7DNRÿHU PRåHWH RGDEUDWL VSUHPOMHQX DGUHVX L] SULPOMHQLK SRUXND X VYRMRM GROD]QRM SRãWL &. L]GDR SUYRELWQRP NXS. X QDYRGHüL GDWXP NXSQMH L VHULMVNL EURM 6RQ\ (UL. VVRQ SULGUåDYD SUDYR GD XVNUDWL MDPVWYHQX XVOXJX DNR VX RYL SRGD. L XNORQMHQL LOL SURPLMHQMHQL QDNRQ SUYRELWQH NXSQMH 3URL]YRGD $NR 6RQ\ (UL. VVRQ SRSUDYL LOL ]DPLMHQL 3URL]YRG MDPVWYR üH ]D SRSUDYOMHQL LOL ]DPLMHQMHQL 3URL]YRG YULMHGLWL WLMHNRP SUHRVWDORJ YUHPHQD L] SUYRELWQRJ MDPVWYHQRJ UD]GREOMD LOL GHYHGHVHW GDQD RG GDWXPD SRSUDYND RYLVQR R WRPH ãWR MH GXOMH 3RSUDYDN LOL ]DPMHQD PRåH XNOMXþLYDWL NRULãWHQMH IXQN. LRQDOQR HNYLYDOHQWQH REQRYOMHQH MHGLQL. H =DPLMHQMHQL QHLVSUDYQL GLMHORYL SRVWDMX YODVQLãWYR WYUWNH 6RQ\ (UL. VVRQ se U al i rc me 89-(7, $NR WLMHNRP MDPVWYHQRJ UD]GREOMD X] QRUPDOQX XSRUDEX L RGUåDYDQMH RYDM 3URL]YRG QH EXGH UDGLR ]ERJ QHRGJRYDUDMXüHJ GL]DMQD PDWHULMDOD LOL L]UDGH 6RQ\ (UL. VVRQ RYODãWHQL GLVWULEXWHUL LOL VHUYLVQL SDUWQHUL X ]HPOML UHJLML X NRMRM VWH NXSLOL 3URL]YRG üH SUHPD VYRMHP L]ERUX LOL SRSUDYLWL LOL ]DPLMHQLWL 3URL]YRG SRG XYMHWLPD NRML VX RYGMH QDYHGHQL 6RQ\ (UL. VVRQ L VHUYLVQL SDUWQHUL ]DGUåDYDMX SUDYR QDSODWH QDNQDGH ]D UXNRYDQMH DNR VH XWYUGL GD YUDüHQL 3URL]YRG QLMH SRNULYHQ MDPVWYHQLP XYMHWLPD NDNR VX GROMH QDYHGHQL 'RGDWQH LQIRUPD. LMH 2YR MDPVWYR QH RGQRVL VH QD QHLVSUDYDQ UDG 3URL]YRGD XVOLMHG XRELþDMHQRJ WURãHQMD L KDEDQMD ]ORXSRUDEH XNOMXþXMXüL DOL QH RJUDQLþDYDMXüH VH QD XSRUDEX GUXJDþLMX RG QRUPDOQH L XRELþDMHQH X VNODGX VD 6RQ\ (UL. VVRQ XSXWDPD ]D XSRUDEX L RGUåDYDQMH 3URL]YRGD 1DGDOMH RYR MDPVWYR QH RGQRVL VH QD QH]JRGH PRGLILND. LMH LOL SULODJRGEH YLãX VLOX LOL RãWHüHQMD X]URNRYDQD WHNXüLQRP %XGXüL GD VH *60 VXVWDY QD NRMHPX VH 3URL]YRG NRULVWL QXGL RG VWUDQH RSHUDWHUD V NRMLP 6RQ\ (UL. VVRQ QL QD NRML QDþLQ QLMH SRYH]DQ 6RQ\ (UL. VVRQ QHüH ELWL RGJRYRUDQ ]D UDG GRVWXSQRVW SRNULYHQRVW XVOXJX LOL GRPHW WRJ VXVWDYD 2YR MDPVWYR QH REXKYDüD NYDURYH 3URL]YRGD X]URNRYDQH LQVWDOD. LMDPD L]PMHQDPD VHUYLVLUDQMHP LOL SRSUDY. LPD LOL RWYDUDQMHP 3URL]YRGD NRMH YUãH RVREH NRMH ]D WR 6RQ\ (UL. VVRQ QLMH RYODVWLR 2YR MDPVWYR QH REXKYDüD NYDURYH 3URL]YRGD NRML VX QDVWDOL ]ERJ NRULãWHQMD SULERUD LOL GUXJLK SHULIHUQLK XUHÿDMD NRML QH QRVH R]QDNX (UL. VVRQ LOL 6RQ\ (UL. VVRQ L NRML QLVX RULJLQDOQL SULERU QDPLMHQMHQ ]D NRULãWHQMH V RYLP 3URL]YRGRP 1HRYODãWHQR GLUDQMH ELOR NRMHJ SHþDWD QD 3URL]YRGX SRQLãWDYD MDPVWYR 1( 32672-( , =5, ý, 7$ -$0679$ %, /2 3, 6$1$ , /, 860(1$ 26, 0 292* 7, 6. $12* 2*5$1, ý(12* -$0679$ %, /2 . $. 9$ , =9('(1$ -$0679$ 8. /-8ý8-8û, %(= 2*5$1, ý(1-$ , =9('(1$ -$0679$ 8 32*/('8 75ä, â1( 352l( , /, r fo ot N om C se U al i rc me (85236. $ 81, -$ (8 35, . /$'1267, =$ 2'5(l(18 1$0-(18 2*5$1, ý(1$ 68 1$ 75$-$1-( 292* 2*5$1, ý(12* -$0679$ 621< (5, &6621 , . 25, 61, &, 1-(*29( /, &(1&, -( 1, 8 . 2-(0 6/8ý$-8 1(û( %, 7, 2'*29251, =$ 6/8ý$-1( , /, 326/-(', ý1( â7(7( %, /2 . 2-( 9567( 8. /-8ý8-8û, $/, 1( 2*5$1, ý$9$-8û, 6( 1$ , =*8%/-(18 '2%, 7 , /, . 20(5&, -$/1, *8%, 7$. '2 381( 0-(5( 8 . 2-2- -( 2'5, &$1-( 2' 2'*29251267, =$ 7$. 98 â7(78 '238â7(12 =$. 2120 1HNH GUåDYHVDYH]QH GUåDYH QH GRSXãWDMX LVNOMXþLYDQMH LOL RJUDQLþDYDQMH VOXþDMQH LOL SRVOMHGLþQH ãWHWH RGQRVQR RJUDQLþDYDQMH WUDMDQMD L]YHGHQLK MDPVWDYD WDNR GD SUHWKRGQD RJUDQLþHQMD LOL LVNOMXþHQMD PRåGD ]D YDV QH YULMHGH 1DYHGHQR MDPVWYR QH XWMHþH QD ]DNRQVND SUDYD NXS. D SUHPD YDåHüLP L SULPMHQMLYLP ]DNRQLPD QLWL QD SUDYD NXS. D X RGQRVX QD SURGDYDWHOMD NRMD SURL]OD]H L] QMLKRYRJ NXSRSURGDMQRJ XJRYRUD $NR VWH NXSLOL 3URL]YRG X ]HPOMLþODQL. L (8 VYRM 3URL]YRG PRåHWH VHUYLVLUDWL SRG JRUH QDYHGHQLP XYMHWLPD XQXWDU MDPVWYHQRJ URND X ELOR NRMRM ]HPOMLþODQL. L (8 X NRMRM RYODãWHQL 6RQ\ (UL. VVRQ GLVWULEXWHU SURGDMH MHGQDNL 3URL]YRG =D LQIRUPD. LMX SURGDMH OL VH YDã 3URL]YRG X ]HPOMLþODQL. L (8 X NRMRM VH QDOD]LWH QD]RYLWH ORNDOQL 'RGDWQH LQIRUPD. LMH 6RQ\ (UL. VVRQ &XVWRPHU &DUH &HQWHU , PDMWH UD]XPLMHYDQMD ]D þLQMHQL. X GD RGUHÿHQH XVOXJH QLVX PRJXüH L]YDQ GUåDYH X NRMRM VWH 3URL]YRG NXSLOL QD SULPMHU ]ERJ þLQMHQL. H GD YDã 3URL]YRG PRåH LPDWL XQXWUDãQMRVW LOL YDQMãWLQX NRMH VX UD]OLþLWH RG RGJRYDUDMXüLK PRGHOD NRML VH SURGDMX X GUXJLP GUåDYDPDþODQL. DPD (8 0RåGD QHüH ELWL PRJXüH SRSUDYLWL 3URL]YRGH NRMLPD MH 6, 0 EORNLUDQ 8 QHNLP GUåDYDPDUHJLMDPD WUDåH VH GRGDWQH LQIRUPD. LMH $NR MH WRPH WDNR WR MH MDVQR QDYHGHQR QD YDOMDQRP GRND]X R NXSQML 'H. ODUDWLRQ RI &RQIRUPLW\ :H 6RQ\ (UL. VVRQ 0RELOH &RPPXQL. DWLRQV $% RI 1\D 9DWWHQWRUQHW 6 /XQG 6ZHGHQ r fo ot N om C se U al i rc me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þHNDQMD LOL QD L]ERUQL. LPD r fo ot N om C se U al i rc me 6LPERO 2SLV *ODYQL L]ERUQL. L 9Dã RVREQL LPHQLN 5DG V SLVDQLP 606 PXOWLPHGLMDOQLP 006 JRYRUQLP SRUXNDPD L SRUXNDPD HSRãWH 8SUDYOMDQMH GROD]QLPRGOD]QLP SR]LYLPD WUDMDQMHP L WURãNRYLPD SR]LYD 8SUDYOMDQMH WHNXüLP SR]LYLPD , ]PMHQMXMH VH V L]ERUQLNRP 3R]LYL WM GRVWXSDQ MH VDPR WLMHNRP SR]LYD 8SUDYOMDQMH VOLNDPD ]YXNRP L WHPDPD , JUDQMH LJDUD 2VREQD SRGHãHQMD XNOMXþXMXüL SRVWDYNH ]DVORQ MH]LN YULMHPH L ]DNOMXþDYDQMH 2PRJXüXMH SULVWXS :$3 XVOXJDPD QD , QWHUQHWX 'RJDÿDML EXGLOL. D L GUXJL GRGD. L 'RGDWQH LQIRUPD. LMH 6LPERO 2SLV 6LPERO 2SLV 3ULPDQMH VWDYNL SXWHP , & YH]H PUHåH SRGHãHQMD SRGDWNRYQH NRPXQLND. LMH L SULERU , ]UDGLWH YODVWLWL L]ERUQLN ]D IXQN. LMH NRMH QDMþHãüH NRULVWLWH 6WDQMH þHNDQMD 3ULND]XMH MDNRVW *60 PUHåQRJ VLJQDOD *356 MH X GRPHWX *356 MH XQXWDU GRPHWD L PRåH VH NRULVWLWL 3RND]XMH VWDQMH EDWHULMH 1H PRåHWH SULPDWL GROD]QH SR]LYH 3URSXVWLOL VWH GROD]QL SR]LY 6YL ]YXNRYL VX LVNOMXþHQL RVLP DODUPD L RGEURMDYDQMD YUHPHQD 6YL VH GROD]QL SR]LYL SUHXVPMHUDYDMX QD GHILQLUDQL EURM 2G EURMHYD V SRSLVD QH SULPDMX VH SR]LYL LOL VH SULPDMX VDPR QHNL r fo ot N om C se U al i rc me 7LSNRYQL. D MH ]DNOMXþDQD 3ULPLOL VWH SLVDQX SRUXNX 3ULPLOL VWH HSRãWX %XGLOL. D MH SRGHãHQD L XNOMXþHQD 2GEURMDYDQMH YUHPHQD MH SRGHãHQR L XNOMXþHQR 2GDEUDQD MH QHND GUXJD SRVWDYND RVLP 6WDQGDUGQH $NWLYLUDQR MH ]DNOMXþDYDQMH NDUWL. H LOL ]DNOMXþDYDQMH WHOHIRQD 8VSRVWDYOMHQD MH ]DãWLüHQD :$3 YH]D 3ULPLOL VWH PXOWLPHGLMDOQX SRUXNX 3ULPLOL VWH JRYRUQX SRUXNX 3ULPLOL VWH :$3 SXVK SRUXNX 'RGDWQH LQIRUPD. LMH 6LPERO 2SLV 6LPERO 2SLV , QIUD. UYHQL SRUW MH XNOMXþHQ , QIUD. UYHQD NRPXQLND. LMD MH X WLMHNX *356 SULMHQRV MH X WLMHNX /LQLMD VH NRULVWL ]D RGOD]QH SR]LYH /LQLMD VH NRULVWL ]D RGOD]QH SR]LYH 0UHåD WUHQXWQR QH QXGL ãLIULUDQMH , PHQLN 6NXSLQD NRQWDNDWD X LPHQLNX 0UHåD MH SULRULWHWQD L PRåH VH NRULVWLWL 0UHåD MH ]DEUDQMHQD L QH PRåH VH NRULVWLWL 9DãD GRPDüD PUHåD MH XQXWDU GRPHWD L PRåH VH NRULVWLWL 7HNXüL SR]LY ýDYUOMDQMH MH X WLMHNX r fo ot N om C se U al i rc me . XüQL EURM X LPHQLNX 3RUXNH , PHQLN PRåHWH RWYRULWL DNR SULWLVQHWH %URM QD SRVOX X LPHQLNX %URM PRELWHOD X LPHQLNX $GUHVD HSRãWH X LPHQLNX 6OLND MH SRYH]DQD V NRQWDNWRP 3LVDQD SRUXND VH VSUHPD QD 6, 0 NDUWL. X *RYRUQD SRUXND QLMH SURYMHUHQD 3RUXND QLMH SURþLWDQD 'RGDWQH LQIRUPD. LMH 6LPERO 2SLV 6LPERO 2SLV 3RUXND MH SURþLWDQD 8 WHOHIRQ MH VSUHPOMHQ VDPR GLR SURþLWDQH SRUXNH HSRãWH LOL PXOWLPHGLMDOQH SRUXNH 8 WHOHIRQ MH VSUHPOMHQ VDPR GLR QHSURþLWDQH SRUXNH HSRãWH LOL PXOWLPHGLMDOQH SRUXNH 3URþLWDQD SRUXND ELW üH L]EULVDQD NRG VOMHGHüHJ SRYH]LYDQMD QD SRVOXåLWHOM 1HSURþLWDQD SRUXND ELW üH L]EULVDQD NRG VOMHGHüHJ SRYH]LYDQMD QD SRVOXåLWHOM 2ãWHüHQD SRUXND 3URþLWDQD VOLNRYQD SRUXND 1HSURþLWDQD VOLNRYQD SRUXND 3RUXND QLMH SRVODQD 3RUXND MH SRVODQD 3RUXND MH LVSRUXþHQD LOL MX MH SULPDWHOM SURþLWDR r fo ot N om C se U al i rc me 3RVODQD SRUXND NRMD MH LVWHNOD LOL NRMX MH SULPDWHOM RGELR 8QDSULMHG RGUHÿHQL SUHGORåDN SRUXNH QH PRåH VH PLMHQMDWL . RULVQLþNL GHILQLUDQL SUHGORåDN SRUXNH 0XOWLPHGLMDOQD SRUXND VH SUHVOXãDYD 0XOWLPHGLMDOQD SRUXND MH SUHNLQXWD 0XOWLPHGLMDOQD SRUXND MH ]DXVWDYOMHQD 6OLND VH QH PRåH SULND]DWL 8 PXOWLPHGLMDOQX SRUXNX MH XPHWQXWD SRVMHWQL. D 8 PXOWLPHGLMDOQX SRUXNX MH XPHWQXW GRJDÿDM 8 PXOWLPHGLMDOQX SRUXNX MH XPHWQXWD WHPD 0XOWLPHGLMDOQD SRUXND VDGUåL PHORGLMX 'RGDWQH LQIRUPD. LMH 6LPERO 2SLV 6LPERO 2SLV 0XOWLPHGLMDOQD SRUXND VDGUåL VQLPOMHQL ]YXN 3RND]LYDþ X PXOWLPHGLMDOQRM SRUX. L 'RGDWQH RS. LMH SRUXNH 0MHVWR ]D XSLV SRUXNH þDYUOMDQMD 3R]LYL 3URSXãWHQL SR]LY QD SRSLVX SR]LYD 3R]LY QD NRML MH RGJRYRUHQR QD SRSLVX SR]LYD %LUDQL EURM QD SRSLVX SR]LYD =DEDYD L LJUH6NODGDWHOM 8NOMXþLYDQMH L LVNOMXþLYDQMH VLJQDOQH ODPSL. H =DEDYD L LJUH 6WDQGDUGQD PHORGLMD VSUHPOMHQD X ´0RML ]YX. L´ 3ROLIRQVND PHORGLMD VSUHPOMHQD X ´0RML ]YX. L´ r fo ot N om C se U al i rc me 8NOMXþLYDQMH L LVNOMXþLYDQMH SR]DGLQVNRJ RVYMHWOMHQMD 8NOMXþLYDQMH L LVNOMXþLYDQMH YLEUD. LMVNRJ VLJQDOD 3RþHWDN L NUDM SRQDYOMDQMD PHORGLMH 3RMDþDYD LOL VWLãDYD JODVQRüX ]D MHGDQ NRUDN 2GDEUDQD MH JODVQRüD L]PHÿX L &LMHOD QRWD SRORYLQND QRWH QRWH QRWH QRWH 'RGDWQH LQIRUPD. LMH . D]DOR $ $QLPD. LMH % %DWHULMD %U]R ELUDQMH %XGLOL. D ý ýDYUOMDQMH ' 'H. ODUDWLRQ RI . RQIRUPLW\ 'RJDÿDML 'YLMH JRYRUQH OLQLMH ( (SRãWD SRGHãHQMD SULVWXSQLN ) )LNVQR ELUDQMH )XQN. LMH WLSNL * *RYRUQD SRãWD *356 *UXSH NRQIHUHQ. LMVNL SR]LYL ]DWYRUHQH JUXSH NRULVQLND + +DQGVIUHH . RQWDNWL . RQWUDVW ]DVORQ 0 0HÿXQDURGQL EURM KLWQLK VOXåEL SR]LYL 0HORGLMH SRJOHGDMWH 9UVWH ]YRQD 0HPRULMD SRSXQMHQD VWDWXV 006 SRJOHGDMWH 0XOWLPHGLMDOQH SRUXNH 0RELOH , QWHUQHW RGDEUDQH VWUDQL. H RS. LMH SRGHãHQMD SRGHãHQMD HSRãWH SUHX]LPDQMH ]DãWLWD 0RML EURMHYL 0RML SUHþD. L 0UHåH 0XOWLPHGLMDOQH SRUXNH PHPRULMD 0XOWLWDS XQRV WHNVWD . D]DOR r fo ot N , , JUH PHPRULMD , PHQLN PHPRULMD , QIR R VWDQL. L , QIRUPD. LMH R SRGUXþMX , QIUD. UYHQL SRUW -DPVWYR -H]LN L]ERUQLND -H]LN ]DVORQ om C se U al i rc me . [. . . ] . DONXODWRU . RQIHUHQ. LMVNL SR]LYL 1 1DþLQ RGJRYRUD 1DG]RU PLQXWD 1HþXMQR ]YRQR 2 2GEURMDYDQMH YUHPHQD 2QOLQH XVOXJH 2VREQL ]YXN ]YRQD 3 3, 1 3, 1 SURPMHQD XSLVLYDQMH 3LVDQH SRUXNH PHPRULMD SULVWXSQLN HSRãWH 3RGDWNRYQL SR]LYL 3RGHãDYDQMH YUHPHQD 3RQRYQR ELUDQMH 3RUXNH R SRJUHãNDPD 3RVMHWQL. H 3RVWDYNH 3R]GUDY r fo ot N 3R]LYL DXWRPDWVNR SRQRYQR ELUDQMH EU]R ELUDQMH ILNVQR ELUDQMH JUXSH PHÿXQDURGQL RGELMDQMH RGJRYRU SRSLV SR]LYD SUHXVPMHUDYDQMH SULKYDüDQMH SULPDQMH SURSXãWHQL VWDYOMDQMH QD þHNDQMH ]DGUåDYDQMH X VOXþDMX QXåGH XSXüLYDQMH ]DEUDQD 3R]LYL X VOXþDMX QXåGH 3UHþD. L 3UHJOHG L]ERUQLND 3UHJOHG WLSNL 3UHXVPMHUDYDQMH SR]LYD 3UHX]LPDQMH 3URSXãWHQL SR]LYL 38. [. . . ]