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6O TFDUPS RVF SFDMBNB TV TJUJP -B JOEVTUSJB EF MB NPEB GMBNFODB NVFWF NJMMPOFT EF FVSPT DBEB BÕP &M ÜOJDP USBKF SFHJPOBM TVKFUP B UFOEFODJBT FYJHF FM SFTQBMEP RVF NFSFDF DPNP BDUJWJEBE FDPOÖNJDB GVFSUF B NPEB GMBNFODB QJTB GVFSUF FO MB QBTBSFMB /P FO WBOP DBEB BÕP TPO NÆT MPT FWFOUPT FO MPT RVF MPT EJTFÕBEPSFT EFM TFDUPS FYQPOFO TVT DSFBDJPOFT BOUF VO QÜCMJDP DBEB WF[ NÆT FYJHFOUF Z TJFNQSF FYQFDUBOUF : FT RVF FM WFTUJEP EF GMBNFODB FT FM ÜOJDP USBKF SFHJPOBM RVF FTUÆ TVKFUP B UFOEFODJBT EF NPEB RVF WBO WBSJBOEP BÕP B BÕP VO JOEJDBUJWP EF MB JNQPSUBODJB EF MB JOEVTUSJB RVF FTUÆ EFUSÆT EF ÍM j&T VO TFDUPS FDPOÖNJDP NVZ JNQPSUBOUF FO "OEBMVDÑB RVF TVQFSB MPT PDIP NJMMPOFT EF FVSPT EF WPMVNFO EF OFHPDJPx BTFHVSB 1JMBS
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'FSJB EF "CSJM 'FSJB EF "CSJM 1MBOP EF MB 'FSJB .PEB GMBNFODB
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-PT NBOUPOFT CPSEBEPT TFSÆO VO CÆTJDP FTUB UFNQPSBEB
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'FSJB EF "CSJM .PEB GMBNFODB
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-PT SBNJMMFUFT EF GMPSFT EF NVDIPT UJQPT Z DPMPSFT TPO BMHVOPT C¼TJDPT EF FTUB 'FSJB '0504 -6*4" 1¤3&;
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'FSJB EF "CSJM .PUPS FDPOÖNJDP
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FWJMMB QSFTVNF EF HBTUSPOPNÑB EVSBOUF TV 'FSJB EF "CSJM -BT DBTFUBT QSPQPOFO VO BNQMJP BCBOJDP EF QPTJCJMJEBEFT QBSB EBS QMBDFS BM QBMBEBS NJFOUSBT TF EJTGSVUB EF MB GJFTUB EFM DBOUF Z EFM CBJMF *CÍSJDPT HVJTPT Z QFTDBEP GSJUP TPO DMÆTJDPT EFM NFOÜ EF FTUPT EÑBT FO MPT RVF OP FT EJGÑDJM RVF MB DVFOUB EFTDVBESF Z OP TPMP MB EFM CBS $JFSUP FT RVF OP FT FM NPNFOUP EF DPOUBS MBT DBMPSÑBT RVF WBNPT B JOHFSJS QFSP TÑ FT QPTJCMF BUFOEJFO EP B DJFSUBT QBVUBT TFODJMMBT DPNFS SJDP Z TBMVEBCMF EFOUSP EFM 3FBM j/P IBZ RVF QFOTBS RVF WBNPT B IBDFS EJFUBx EJDF UBKBOUF +BWJFS (BSDÑB 1FSFEB MJDFODJBEP FO $JFODJB Z 5FDOPMPHÑB EF MPT "MJNFOUPT Z BTFTPS FO FM SFDPOPDJEP QSPHSBNB EF MB UFMFWJTJÖO QÜCMJDB BOEBMV[B -B #ÆTDVMB j&O FTUPT EÑBT TJ RVFSFNPT DPNFS CJFO OP TPMP IBZ RVF GJKBSTF FO MB DBOUJEBE EF DPNJEB TJOP FO TV DBMJEBE FT EFDJS TVT OVUSJFOUFTx FYQMJDB FM UBNCJÍO QSPGFTPS FO MB 6OJWFSTJEBE 1BCMP EF 0MBWJEF FO FM ÆSFB EF
4
$POTFKPT QBSB MMFWBS NFKPS MB 'FSJB #FCFS BHVB BM MMFHBS B MB 'FSJB QBSB QBMJBS MB TFE BOUFT EF DPNFO[BS B JOHFSJS BMDPIPM BMUFSOBS MB NFTB DPO
QBTFPT Z SBUPT EF CBJMF FO FM UBCMBP Z OP BDPTUBSTF OBEB N¼T WPMWFS B DBTB TPO BMHVOPT DPOTFKPT QBSB MMFWBS NFKPS MPT FYDFTPT EF MB GJFTUB 6O [VNP Z WJUBNJOB # MB NFKPS PQDJÎO QBSB FM EÈB EFTQVÄT
$IVSSPT Z CVÌVFMPT TPO EVMDFT DM¼TJDPT FO MB GJFTUB RVF TF DFMFCSB FO FM 3FBM
/VUSJDJÖO Z #SPNBUPMPHÑB %F FTUB NBOFSB QSPQPOF BOUFQPOFS DJFSUPT BMJNFOUPT RVF UJFOFO VO NBZPS WBMPS OVUSJDJPOBM DPNP FM KBNÖO P FM RVFTP Z QMBUPT RVF OPT WBO B HFOFSBS NBZPS TBDJFEBE Z RVF TJO FNCBSHP UJFOFO NFOPT EFOTJEBE DBMÖSJDB B PUSBT QSPQVFTUBT NFOPT BEFDVBEBT DPNP MPT GSJUPT MBT TBMTBT P FNCVUJEPT DPO NÆT HSBTB DPNP FM DIPSJ[P P MB QBODFUB j&O MB 'FSJB TF QJDPUFB NVDIP QFSP FT SFDPNFOEBCMF IBDFSMP EF GPSNB TFMFDUJWB QBSB FWJUBS MPT QSPEVDUPT NÆT HSBTPTx QSPTJHVF FM FYQFSUP 0USB EF MBT DMBWFT DVBOEP OPT TFOUFNPT B MB NFTB TFSÆ TBCFS RVÍ QMBUPT QSJODJQBMFT TPO NÆT TBMVEBCMFT &O FTUF TFOUJEP (BSDÑB 1FSFEB JOTJTUF FO RVF jOP FT MP NJTNP MB DBOUJEBE EF DPNJEB RVF MB EFOTJEBE EF DBMPSÑBTx Z QPOF VO FKFNQMP DMBSP j6O QMBUP EF NFOVEP UJFOF NFOPT DBMPSÑBT RVF VOP EF QFTDBEP GSJUP : MBT MFHVNCSFT UJFOFO NÆT QSPUFÑOBT Z TBDJBO NFKPSx TFÕBMB
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'FSJB EF "CSJM 'FSJB EF "CSJM 1MBOP EF MB 'FSJB (BTUSPOPNÑB
-PT QVFTUPT EF BMHPEÎO EF B[ÕDBS TPO MPT N¼T WJTJUBEPT QPS MPT QFRVFÌPT FO MB 'FSJB "CBKP VO HSVQP EF BNJHPT SFVOJEPT KVOUP B MB NFTB FO VOB DBTFUB +BSSB EF SFCVKJUP '0504 1"$0 16&/5&4
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1BTFP EF DBCBMMPT
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6O HSVQP EF KJOFUFT FO FM 3FBM EF -PT 3FNFEJPT '050 1"$0 16&/5&4
M QBTFP EF DBCBMMPT FT VOP EF MPT QSJODJQB MFT BUSBDUJWPT EF MB 'FSJB EF "CSJM -BT DBMMFT EFM SFDJOUP EF -PT 3FNFEJPT WBO MMFOÆOEPTF EFTEF FM NFEJPEÑB EF OVUSJEPT HSVQPT EF KJOFUFT BNB[POBT Z DBSSVBKFT QBSB EJTGSVUBS EF VO EFTGJMF FO FM RVF UPEPT B MB HSVQB EF TVT OPCMFT BOJNBMFT USBUBO EF MVDJS TVT NFKPSFT HBMBT QBSB DPOWFSUJSTF FMMPT NJTNPT FO PSOBNFOUP GVOEBNFOUBM EF MB GJFTUB RVF RVFEB QBSB TJFNQSF JONPSUBMJ[BEB FO MBT NJMFT EF JOTUBOUÆOFBT EF MPDBMFT Z UVSJTUBT 6OB NBOFSB NÆT EF QFSQFUVBS VOB EF MBT USBEJDJPOFT EF VOB 'FSJB RVF FTUÆ B QVOUP EF DVNQMJS TV BOJWFSTBSJP 1BSB HBSBOUJ[BS MB CVFOB TJOUPOÑB FOUSF WJBOEBOUFT Z KJOFUFT FM QBTFP EF DBCBMMPT FTUÆ SFHVMBEP EF UBM GPSNB RVF TF QSPMPOHB EFTEF MBT EFM NFEJPEÑB IBTUB MBT IPSBT NPNFOUP FO FM RVF DBF MB MV[ EFM TPM Z FO FM RVF MPT BGJDJPOBEPT FDVFTUSFT EFCFO BCBOEPOBS FM SFDJOUP &T IBCJUVBM RVF NVDIPT EF FMMPT UFSNJOFO TV KPSOBEB FO MPT BMSFEFEPSFT EFM
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1BSRVF EF .BSÑB -VJTB QPS TV DFSDBOÑB DPO -PT 3FNFEJPT EPOEF EBO VO SBUP EF GSFTDP SFTQJSP B MPT BOJNBMFT IBTUB FM EÑB TJHVJFOUF -B WFTUJNFOUB EF KJOFUFT Z BNB[POBT FT DMBWF Z IB EF SFTQFUBS VOPT DÆOPOFT QBSB NBOUFOFS VOB BSNPOÑB FTUÍUJDB $BEB BÕP FM "ZVOUB NJFOUP EF 4FWJMMB DPODFEF .VDIPT VOBT NBUSÑDVMBT KJOFUFT Z QBSB QBTFBS QPS FM 3FBM BNB[POBT "OUFT EF MB DSJTJT FDPOÖNJ DB TF FTUBCMFDÑB VO DVQP UFSNJOBO RVF TPMP QFSNJUÑB B DBEB TV KPSOBEB WFIÑDVMP EJTGSVUBS EF USFT FO FM QBSRVF EÑBT FO FM SFDJOUP EJWJEFOEP MBT MJDFODJBT EF BDDFTP FOUSF QBSFT F JNQBSFT 4JO FNCBSHP MB SFDFTJÖO SFEVKP FM OÜNFSP EF DBSSVBKFT QPS TV JNQPSUBOUF HBTUP EF NBOUFOJNJFOUP QPS MP RVF FTUB SFTUSJDDJÖO OP IB FTUBEP WJHFOUF FO MPT ÜMUJNPT BÕPT ZB RVF OP TF DVCSÑB FM OÜNFSP NÆYJNP EF DPDIFT EF USBDDJÖO BOJNBM QFSNJUJEP FO MBT DBMMFT EFM 3FBM RVF FT EF
'FSJB EF "CSJM 'FSJB EF "CSJM 1MBOP EF MB 'FSJB 'JFTUB Z EFQPSUF
&M HJNOBTJP TF USBTMBEB BM UBCMBP {$VÆOUBT DBMPSÑBT RVFNBNPT CBJMBOEP TFWJMMBOBT {&T VO CVFO FKFSDJDJP 6O FOUSFOBEPS QFSTPOBM OPT EB MBT DMBWFT QBSB OP QFSEFS MB GPSNB GÑTJDB EVSBOUF VOB TFNBOB EF GJFTUB
BTBNPT FM BÕP IBDJFOEP EFQPSUF QBSB NBOUFOFS MB GPSNB GÑTJDB Z MMFHB MB 'FSJB Z {BEJÖT B UPEP FM FTGVFS[P {#BJMBS QVFEF TFS VO FKFSDJDJP TBMVEBCMF QBSB FTUPT EÑBT EF GJFTUB {$VÆOUBT DBMPSÑBT RVFNBNPT {2VÍ NÜTDVMPT NPWFNPT {$PO RVÍ PUSBT EJTQMJOBT EFQPSUJWBT TF QVFEF DPNQBSBS 6O FOUSFOBEPS QFSTPOBM OPT EB MBT DMBWFT QBSB USBTMBEBS FM HJNOBTJP BM UBCMBP EF MBT DBTFUBT EVSBOUF VOBT KPSOBEBT 26&."3 (3"4" #BJMBS TFWJMMBOBT FT jVO FKFSDJDJP BÍSPCJDP FO FM RVF USBCBKBNPT FM
1
TJTUFNB DBSEJPWBTDVMBS Z DPO ÍM FM DJSDVMBUPSJP Z FM SFTQJSBUPSJPx FYQMJDB +VBOKP -JCSFSP NPOJUPS EF BDUJWJEBEFT EJSJHJEBT FO VO JNQPSUBOUF HJNOBTJP TFWJMMBOP j$PO ÍM FMJNJOBNPT HSBTBT UPYJOBT MÑRVJEPT SFEVDJ NPT MB QSFTJPO BSUFSJBM Z MPHSBNPT UPOJGJDBS MPT NÜTDVMPTx TFÕBMB j%FQFOEFSÆ EF MB JOUFOTJ EBE RVF MF EFNPT B MPT NPWJNJFOUPT QFSP TJ CBJMBNPT DPO BMFHSÑB QPEFNPT RVFNBS VOBT DBMPSÑBT FO VOB IPSBx BTFHVSB FM FYQFSUP RVF SFDVFSEB RVF jJODMVTP DVBOEP QBSBNPT
+VBOKP -JCSFSP FOUSFOBEPS QFSTPOBM KVOUP B TV BMVNOB 4PMFEBE '050 1 16&/5&4
FOUSF VOB TFWJMMBOB Z PUSB Z UPDBNPT MBT QBMNBT TFHVJNPT SFHJTUSBOEP VO OJWFM EF QVMTBDJPOFT FMFWBEPx NJFOUSBT RVF FO FM JOTUBOUF FO FM RVF SFBMJ[BNPT FM UBDPOFP jOVFTUSP DPSB[ÖO TF EJTQBSB Z FT DVBOEP NÆT USBCBKB FM TJTUFNB DBSEJPWBTDVMBSx QSPTJHVF 50%04 -04 .µ4$6-04 %VSBOUF FM CBJMF QPS TFWJMMBOBT NPWFNPT UPEP FM DVFSQP BVORVF BMHVOPT NÜTDVMPT UJFOFO NÆT QSPUBHPOJTNP RVF PUSPT j&M USFO TVQFSJPS FT EFDJS MPT CSB[PT MPT IPNCSPT Z MB FTQBMEB FT FM RVF SFBMJ[B VO
NBZPS FTGVFS[P TPCSF UPEP MPT EPSTBMFT Z MPT EFMUPJEFTx TJHVF &T VOB CVFOB BDUJWJEBE QPSRVF BZVEB B NPMEFBS MPT NÜTDVMPT EF MPT CSB[PT BQVOUB -JCSFSP QFSP OP PMWJEFNPT MPT QBTPT RVF UJFOFO NÆT HBSSB FO FTUF QBMP EFM GMBNFODP j&M UBDPOFP SFRVJFSF RVF TFB FM USFO JOGFSJPS FM RVF IBHB FM USBCBKP NPWJFOEP DVÆESJDFQT HFNFMPT Z HMÜUFPTx DPOUJOÜB 1PS ÜMUJNP jFT VOB FKFSDJDJP GBOUÆTUJDP B OJWFM BSUJDVMBS ZB RVF NPWFNPT NVÕFDBT DPEPT IPNCSPTx BCVOEB &45 %& .0%" &M CBJMF EF TFWJMMBOBT Z SVNCBT FO MBT DBTFUBT FT VO FKFSDJDJP QPS UBOUP NVZ SFDPNFOEBCMF QBSB VOPT EÑBT FO MPT RVF MPT FYDFTPT FO MB NFTB TPO IBCJUVBMFT "EFNÆT jFM OJWFM EF DBMPSÑBT RVF TF RVFNBO FT NVZ BEFDVBEP TJ MP DPNQBSBNPT DPO FM HSBEP EF FTGVFS[P RVF JNQMJDB Z FM RVF SFRVJFSFO PUSBT EJTDJQMJOBT RVF TF QSBDUJDBO IBCJUVBMNFOUF FO FM HJNOBTJPx BGJSNB j&O VOB TFTJÖO EF [VNCB QPS FKFNQMP EPOEF DPNCJOBNPT CBJMFT MBUJOPT DPO FKFSDJDJPT BFSÖCJDPT QPEFNPT RVFNBS VOBT DBMPSÑBT NJFOUSBT RVF VOB IPSB EF TBMTB FRVJWBMF B VOBT P x TJHVF FM FOUSFOBEPS QFSTPOBM EF BÕPT FTQFDJBMJ[BEP FO QJMBUFT ZPHB GJUOFTT Z [VNCB RVF JODMVZF QBTPT QSPQJPT EF MBT TFWJMMBOBT FO TVT SVUJOBT jQBSB EBSMF NBZPS EJOBNJTNP B NJT DPSFPHSBGÑBTx : FT RVF CBJMBS TF IB DPOWFSUJEP FO VOB QSÆDUJDB IBCJUVBM FO MPT DFOUSPT #BJMBS TF IB EFQPSUJWPT j"IPSB FTUÆO NVZ EF NPEB DPNP ZB IF DPOWFSUJEP NFODJPOBEP [VNCB QFSP FO VOB UBNCJÍO #PMMZXPPE Z EJTDJQMJOB BFSPEBODF 4PO EJTDJQMJOBT IBCJUVBM Z EF DPO MBT RVF FKFSDJUBT UPEP FM DVFSQP EF VOB GPSNB ÍYJUP FO MPT NFOPT BHSFTJWB Z NÆT HJNOBTJPT EJWFSUJEBx TFÕBMB j%F BIÑ TV ÍYJUPx #&/&'*$*04 $6&310 .&/5& #BJMBS HFOFSB CFOFGJDJPT B OJWFM GÑTJDP OP FO WBOP jFT VO USBCBKP RVF QFSNJUF RVFNBS HSBTBx JOTJTUF -JCSFSP 1FSP BEFNÆT jQSPDVSB FGFDUPT QPTJUJWPT QBSB MB TBMVE BM SFEVDJS MPT OJWFMFT EF FTUSÍT ZB RVF EVSBOUF FM UJFNQP RVF CBJMBT UF DPODFOUSBT Z OP QJFOTBT FO MP RVF UF BHPCJBx 1PS ÜMUJNP jFT VOB BDUJWJEBE NBSBWJMMPTB B OJWFM FNPDJPOBM BZVEB B MBT QFSTPOBT B SFMBDJPOBSTF NFKPSBS TV BVUPFTUJNB Z TVQFSBS MB UJNJEF[x SFDPNJFOEB DPO FOUVTJBTNP
'FSJB EF "CSJM %FTNPOUBOEP NJUPT
"MHVOPT NJUPT TPCSF MB GJFTUB {2VÍ TBCF TPCSF MB 'FSJB {$POPDF EF WFSEBE TVT QPSNFOPSFT {&T DJFSUP UPEP MP RVF EJDFO TPCSF FMMB "RVÑ QPOFNPT FO DVFTUJÖO BMHVOBT JOGPSNBDJPOFT RVF TVSHFO EFM CPDB B CPDB B 'FSJB EF "CSJM FT VO FWFOUP NVZ DPOPDJEP NÆT BMMÆ EF MBT GSPOUFSBT JNBHJOBSJBT EF MB DJVEBE RVF BDPHF TV DFMFCSBDJÖO &T NPUJWP EF SFQPSUBKFT Z EPDVNFOUBMFT EF NFEJPT EF DPNVOJDBDJÖO OBDJPOBMFT F JOUFSOBDJPOBMFT DBEB BÕP RVF BDVEFO B DPOPDFS MPT FOUSFTJKPT EF VOB GJFTUB RVF TF SFDPOPDF FO MB GMBNFODB FM BCBOJDP Z FM KJOFUF DPO TPNCSFSP EF BMB BODIB 4JO FNCBSHP {TBCFNPT CJFO DÖNP FT MB 'FSJB {&T DJFSUP UPEP MP RVF EJDFO EF FMMB &O FTUBT MÑOFBT QPOFNPT FO DVFTUJÖO BMHVOBT EF MBT JOGPSNBDJPOFT RVF DPSSFO DPNP SFHVFSP EF QÖMWPSB TPCSF MB GJFTUB FTPT NJUPT RVF DSFFNPT WFSBDFT BDFSDB EF MB TFNBOB EF GBSPMJMMPT
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4*/ $"4&5" /0 &3&4 /"%*& $JFSUP FT RVF FM SFDJOUP GFSJBM EF -PT 3FNFEJPT DVFOUB DPO VO HSBO OÜNFSP EF DBTFUBT EF DBSÆDUFS QSJWBEP DVFTUJÖO RVF OP TF SFQJUF EF JHVBM GPSNB FO PUSBT DPOPDJEBT GFSJBT DPNP MB EF +FSF[ EF MB 'SPOUFSB QPS FKFNQMP /P PCTUBOUF DBCF SFDPSEBS RVF EF MBT DBTFUBT EFM 3FBM TPMP TPO GBNJMJBSFT &M SFTUP DPSSFTQPOEFO FO TV NBZPSÑB B FOUJEBEFT FOUSF MBT RVF TF FODVFOUSBO QBSUJEPT QPMÑUJDPT RVF OP SFTUSJOHFO MB FOUSBEB P MBT EF MPT EJTUSJUPT RVF UBNCJÍO TPO EF DBSÆDUFS QÜCMJDP 1PS MP RVF FT QPTJCMF QBTFBS QPS MB 'FSJB Z UPNBSTF VOB DPQB EF SFCVKJUP BVORVF OP TF UFOHB VOB DBTFUB
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'FSJBT EF MB QSPWJODJB
.BZP
$BMPS Z BMCFSP
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+VOJP "MDBMÆ EF (VBEBÑSB %FM BM -B 'FSJB EF FTUB MPDBMJEBE TF QSPMPOHB EVSBOUF DVBUSP EÑBT FO FM SFDJOUP VCJDBEP
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QBMPT EFM GMBNFODP XXX MPTQBMBDJPT PSH 4FQUJFNCSF -BT $BCF[BT EF 4BO +VBO %FM BM 4F USBUB EF MB 'FSJB NÆT BOUJHVB EFM CBKP (VBEBMRVJWJS &O FTUB DFMFCSBDJÖO FM DBOUF Z FM CBJMF SFHBEPT DPO CVFO WJOP Z NBO[BOJMMB TPO QSPUBHPOJTUBT XXX MBTDBCF[BTEFTBO KVBO FT 4BO .BUFP FO °DJKB 5JFOF MVHBS FO MB TFHVOEB P UFSDFSB TFNBOB EF TFQUJFN CSF Z FT VOB EF MBT GJFTUBT NÆT GBNPTBT EF MB QSPWJO DJB $VFOUB DPO FTQFDUÆDV MPT NVTJDBMFT Z FDVFTUSFT QBSB BNFOJ[BS FM BNCJFOUF XXX FDJKB FT
3PNFSÑBT EF MB QSPWJODJB
" QJF P FO DBSSFUB BM 3PDÑP .ÆT EF VO DFOUFOBS EF IFSNBOEBEFT Z VO NJMMÖO EF QFSFHSJOPT MMFHBO B MB BMEFB QBSB FM USBEJDJPOBM Z NVMUJUVEJOBSJP TBMUP B MB SFKB ÆT EF VO NJMMÖO EF QFSTPOBT TF EBO DJUB FM %PNJOHP EF 1FOUFDPTUÍT FO MB BMEFB EFM 3PDÑP 4F USBUB EF VOB EF MBT SPNFSÑBT NÆT NVMUJUVEJOBSJBT EF &TQBÕB RVF DBEB BÕP EFKB JNÆHFOFT JNQBDUBOUFT EF VO GFSWPS RVF USBTDJFOEF MB MÖHJDB .ÆT EF VO DFOUFOBS EF IFSNBOEBEFT JOJDJBO TV QFSFHSJOBDJÖO FO MPT EÑBT QSFWJPT QBSB FODPOUSBSTF GJOBMNFOUF DPO MB 7JSHFO EFM 3PDÑP " QJF B DBCBMMP P FO DBSSFUBT UJSBEBT QPS CVFZFT P NVMPT MPT SPNFSPT DSV[BO MPT DBNJOPT RVF DPOEVDFO IBTUB FM TBOUVBSJP EPOEF MBT DPSQPSBDJPOFT WBO QSFTFOUBOEP TVT SFTQFUPT BOUF VOB BNQMJB SFQSFTFOUBDJÖO EF MB )FSNBOEBE .BUSJ[ EF "MNPOUF Z FM BMDBMEF EFTEF FM TÆCBEP WÑTQFSB TJHVJFOEP VO PSEFO EF BOUJHÞFEBE
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.JMFT EF SPNFSPT SFDPSSFO FM DBNJOP IBTUB MB BMEFB EFM 3PDÈP EPOEF TF QSPEVDF FM "3$)*70 TBMUP B MB SFKB
%FM Z EF NBZP
-B 7JSHFO EFM 3PD̆P
DVFOUB DPO IFSNBOEBEFT EF FMMBT TFWJMMBOBT B MBT RVF TF TVNBO MBT OP GJMJBMFT Z MBT BHSVQBDJPOFT BMHVOBT EF -BUJOPBN˭SJDB P "VTUSBMJB -B QFSFHSJOBDJ̬O EF 4FWJMMB IBTUB "MNPOUF FTU˔ EFDMBSBEB EF *OUFSÄT 5VSÈTUJDP FO EPT QVOUPT FM QBTP QPS 7JMMB .BOSJRVF EF MB $POEFTB Z FM 7BEP EFM 2VFNB FO "[OBMD˔[BS EPOEF CBVUJ[BO B MPT OVFWPT SPNFSPT -B 3BZB 3FBM FT VO DBNJOP BSFOPTP EF LN .˔T JOGPSNBDJ̬O XXX SPDJP DPN XXX IFSNBOEBEEFMSPD JPEFTFWJMMB PSH
EFDMBSBEPT 'JFTUB EF *OUFSÍT 5VSÑTUJDP /BDJPOBM FM QBTP QPS 7JMMBNBOSJRVF EPOEF MBT IFSNBOEBEFT QBTBO BOUF TV JHMFTJB QBSSPRVJBM Z FM 7BEP EF 2VFNB EPOEF MPT OVFWPT SPNFSPT TF CBVUJ[BO FO MP RVF QPQVMBSNFOUF FT DPOTJEFSBEP DPNP FM +PSEÆO EF MB QFSFHSVJ OBDJÖO EFKBOEP JOTUBOUFT EF HSBO FNPUJWJEBE Z TFOUJNJFOUP
-B SPNFSÈB DVZBT QSJNFSBT OPUJDJBT EBUBO EF BOUFT TF DFMFCSBCB FM EF TFQUJFNCSF 'VF FO FM TJHMP 97** DVBOEP TF DBNCJÖ BM MVOFT EFTQVÍT EFM %PNJOHP EF 1FOUFDPTUÍT &O MB NBESVHBEB EFM MVOFT TJO IPSB TF QSPEVDF FM TBMUP B MB SFKB FM NPNFOUP RVF MPT SPNFSPT MMFWBO UPEP FM BÕP FTQFSBOEP Z FO FM RVF TF QSPEVDF VOB FYQMPTJÖO EF GFSWPS JNQBDJFOUF RVF DBEB BÕP BEFMBOUB NÆT TV JOJDJP &TF SFTDBUF B MB 7JSHFO EFM 3PDÑP IBDF DPNFO[BS MB QSPDFTJÖO RVF UJFOF MVHBS BOUF MB QSFTFODJB EF MPT QFSFHSJOPT RVF TF FDIBO B MB DBMMF QBSB BDPNQBÕBSMB EVSBOUF IPSBT FO VOB NBSFB EF FYBMUBDJÖO EFWPDJÖO Z FNPDJPOFT -BT QMFHBSJBT TPSEBT CBKP FM SVJEP FOTPSEFDFEPS EF MBT DBNQBOBT Z MPT QÍUBMPT EF GMPSFT DPNQMFUBO MB JNBHFO %FTEF TFQUJFNCSF Z IBTUB FM NFT EF NBS[P TJHVJFOUF TF WBO DFMFCSBOEP MBT 1FSFHSJOBDJPOFT &YUSBPSEJOBSJBT RVF DFSSBSPO FM QBTBEP EF NBS[P SPNFSPT EFTEF -BT 1BMNBT EF (SBO $BOBSJB #BSDFMPOB 5PMFEP .ÖTUPMFT #BEBKP[ Z $ÆDFSFT :B FO WFSBOP UJFOF MVHBS FM 3PDÑP DIJDP VOB GJFTUB DPONFNP SBUJWB Z VOB DFMFCSBDJÖO QVSBNFOUF SFMJHJPTB RVF DVFOUB DPO VO USJEVP QSFQBSBUPSJP VO SPTBSJP FO MPT BMFEBÕPT EF MB &SNJUB FO MB OPDIF EFM EÑB EF BHPTUP Z VOB NJTB FO MB NBÕBOB EFM EÑB
3PNFSÑBT EF MB QSPWJODJB
EF TFQUJFNCSF
*N¼HFOFT EF MB SPNFSÈB ":50 -03" %&- 3ɡ0
-B EFWPDJ̬O B /VFTUSB 4F̤PSB EF MB &ODBSOBDJ̬O WFOFSBEB FO MB RVF GVFSB JHMFTJB EF 4BOUB .BS̆B EF 4FUFGJMMB TF SFNPOUB B MB &EBE .FEJB 6OB WF[ GJOBMJ[BEB MB QSPDFTJ̬O MB 7JSHFO TF FYQPOF FO CFTBNBOPT :B TFB B QJF FO DBSSP[BT P FO DPDIF MPT SPNFSPT QVFEFO MMFHBS B MB FSNJUB QPS FM $BNJOP EF MB 7JSHFO LJM̬NFUSPT P QPS MB DBSSFUFSB RVF WB EF -PSB B -B 1VFCMB EF MPT *OGBOUFT 3VUB QPS DBSSFUFSB " IBTUB $BSNPOB %FTQV˭T UPNBS MB " LJM̬NFUSPT "VUPDBSFT .JMP XXX BVUPDBSFTNJMP DPN .˔T JOGPSNBDJ̬O WJSHFOEFTFUFGJMMB DPN P MPSBEFMSJP FT ●
3JBEB CMBODB IBDJB MB 7JSHFO EF 4FUFGJMMB FO -PSB EFM 3ÑP 6OB EF MBT JNÆHFOFT NÆT SFDPOPDJEBT EF FTUB GFTUJWJEBE FT FM NBS EF QBÕVFMPT RVF BEPSOBO MBT DBCF[BT EF MPT QFSFHSJOPT
B EFWPDJÖO B /VFTUSB 4FÕPSB EF MB &ODBSOBDJÖO WFOFSBEB FO MB RVF GVF *HMFTJB 1SJPSBM EF /VFTUSB 4FÕPSB 4BOUB .BSÑB EF 4FUFGJMMB EBUB EF MB &EBE .FEJB B SBÑ[ EF MB MBCPS DPMPOJ[BEPSB MMFWBEB B DBCP QPS MB 0SEFO EF 4BO +VBO EFM )PTQJUBM EF +FSVTBMÍO FO MB SFHJÖO EPOBEB QPS FM SFZ 'FSOBOEP *** FM TJHMP 9*** TFHÜO FYQMJDB MB IFSNBO EBE 6OB EF TVT JNÆHFOFT NÆT SFDPOPDJEBT FT FTF NBS EF QBÕVFMPT RVF DVCSF MBT DBCF[BT EF MPT SPNFSPT RVF BDVEFO EFTEF RVF EFTQVOUB FM BMCB BM 4BOUVBSJP EF /VFTUSB 4FÕPSB EF 4FUFGJMMB VOB DPTUVNCSF RVF TF IB NBOUFOJEP FO FM UJFNQP EFTEF RVF TF VTBSB FTUB QSFOEB QBSB FWJUBS FM QPMWP EFM DBNJOP Z RVF IPZ FT TV EJTUJOUJWP 0ODF TPO MPT LJMÖNFUSPT RVF SFDPSSFO MPT QFSFHSJOPT RVF RVJFSFO BDPNQBÕBS B MB JNBHFO RVF WFOFSBO Z KVOUP B TVT WBSBMFT TF WBO DPMPDBOEP EFTEF QSJNFSB IPSB EF MB NBÕBOB MJTUPT QBSB MFWBOUBSMB
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&M FTQFSBEP NPNFOUP FO RVF TF FOUPOBO MBT MFUBOÑBT EFM 3PTBSJP QBSB MFWBOUBS FO BOEBT B MB 7JSHFO TF QSPEVDF B MBT IPSBT NPNFOUPT BOUFT TF DFMFCSB VOB NJTB EF JHVBM GPSNB RVF PDVSSF FM EÑB BOUFSJPS -B 7JSHFO EF 4FUFGJMMB RVF FTUF BÕP FTUÆ FO MB 1BSSPRVJB EF MB "TVO DJÖO FT MMFWBEB QPS MPT SPNFSPT IBTUB MB $SV[ EFM )VNJMMBEFSP QBSB MVFHP IBDFS FM SFDPSSJEP BMSFEFEPS EF MB FSNJUB "RVFMMPT RVF EJTGSVUBO EF FTUB GFTUJWJEBE QVFEFO HP[BS EF VOB SJDB HBTUSPOPNÑB FO MB RVF EFTUBDBO MBT NJHBT EFM QBTUPS MBT HBDIBT P MBT UPSSJKBT
EF NBZP
6OB QFSFHSJOB QBSB FO FM DBNJOP ":50 .0/5&--"/0 &TUB SPNFS̆B DVFOUB DPO VOB HSBO BGMVFODJB EF QFSFHSJOPT BMSFEFEPS EF BDVEFO DBEB B̤P &TUB GJFTUB FTU˔ EFDMBSBEB EF *OUFSÄT 5VSÈTUJDP /BDJPOBM EF "OEBMVD̆B EFTEF -B GJFTUB FO MB TJFSSB EF 4BO 1BCMP TF DFMFCSB BMSFEFEPS EF VOB SJDB HBTUSPOPN̆B FO MB RVF EFTUBDBO MPT DIJDIBSSPOFT P MBT UPSUBT EF IPSOB[P 3VUB QPS DBSSFUFSB FM JUJOFSBSJP B TFHVJS SFDPSSF MB " EFTQV˭T MB " Z GJOBMNFOUF MB 4& B LN EF 4FWJMMB "VUPCVTFT $BTBM . XXX BVUPDBSFTDBTBM DPN .˔T JOGPSNBDJ̬O XXX NPOUFMMBOP FT ●
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B SPNFSÑB FO IPOPS B 4BO *TJESP -BCSBEPS GVF EFDMBSBEB EF *OUFSÍT 5VSÑTUJDP /BDJPOBM EF "OEBMVDÑB FO Z TF SFNPOUB BM BÕP DVBOEP UVWP MVHBS TV QSJNFSB DFMFCSBDJÖO FO MB 'JODB -B 3PNFSB "TÑ FM %PNJOHP EF 3FTVSSFDDJÖO TF SFBMJ[B MB QSFTFOUB DJÖO EFM $BSUFM EF MB 3PNFSÑB EF FTUF BÕP .ÆT UBSEF TPO MPT NÆT QFRVFÕPT MPT RVF USBEJDJPOBMNFOUF EBO FM QJTUPMFUB[P EF TBMJEB $BMJFOUBO NPUPSFT DPO VOB SPNFSÑB JOGBOUJM RVF PSHBOJ[BO MPT DPMFHJPT Z HVBSEFSÑBT EFM NVOJDJQJP BDUP RVF DPOGJFSF TJOHVMBSJEBE B MB GJFTUB : FT RVF EFTEF NVZ QFRVFÕPT MPT NPOUFMMBOFSPT FNQJF[BO B TFOUJS DPNP TVZB FTUB NVMUJUVEJOBSJB SPNFSÑB &M QSJNFS EPNJOHP USBT FM EF NBZP RVF FTUF BÕP TFSÆ FM EÑB B MBT TJFUF EF MB NBÕBOB UJFOF MVHBS MB USBEJDJPOBM .JTB EF 3PNFSPT FO MB QVFSUB EF MB $BQJMMB EF MB $BTB EF MB 3PNFSÑB BOUBÕP TFEF EF MB ZB EFTBQBSFDJEB $ÆNBSB "HSBSJB PSHBOJTNP RVF JNQVMTÖ MB DFMFCSB DJÖO 5SBT FM BDUP SFMJHJPTP MB DPNJUJWB JOJDJB TV DBNJOP IBDJB MB 4JFSSB 4BO 1BCMP EPOEF UJFOF MVHBS MB GJFTUB EFTEF FO VO USBZFDUP RVF EVSB NÆT EF DVBUSP IPSBT 5SBT MMFHBS B MB GJODB &M 7JWFSP TF DPOUJOÜB DBNJOP B MB 4JFSSB SFBMJ[BOEP VOB QBSBEB FO FM 1VFSUP EFM "DFCVDIF 4PCSF FM NFEJPEÑB MMFHB MB QFSFHSJOBDJÖO B TV EFTUJOP EPOEF TF QBTB MB UBSEF FO IFSNBOEBE FO QMFOB OBUVSBMF[B DPO VO GPOEP IJTUÖSJDP JOJHVBMBCMF DPNP FT FM $BTUJMMP EF $PUF
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3PNFSÑBT EF MB QSPWJODJB
EF PDUVCSF
*N¼HFOFT EF MB QFSFHSJOBDJÎO )&3."/%"% %& 7"-.& -B GJFTUB SFDJCJ̬ MB EFDMBSBDJ̬O EF *OUFSÄT 5VSÈTUJDP /BDJPOBM EF "OEBMVDÈB FO &M QVOUP EF QBSUJEB FT MB QBSSPRVJB EF 4BOUB .BSÈB .BHEBMFOB -B 7JSHFO EF UBMMB DPNQMFUB TVFMF SFWFTUJSTF DPO VO NBOUP DVZP DPMPS DBNCJB TFH͔O FM B̤P MJU͔SHJDP -PT BDDFTPT B MB DBSSFUFSB EF #FMMBWJTUB FTU˔O DPSUBEPT .VDIPT BTJTUFOUFT FMJHFO FM USFO QBSB MMFHBS IBTUB #FMMBWJTUB 1BSB BCBTUFDFS FM BVNFOUP EF VTVBSJPT 3FOGF B̤BEF USFOFT FTQFDJBMFT B MPT RVF ZB QPTFF FM TFSWJDJP EF MB M̆OFB $ EF $FSDBOÈBT .˔T JOGPSNBDJ̬O XXX EPTIFSNBOBT FT
1FSFHSJOBDJÖO QPS MB 7JSHFO EF 7BMNF FO %PT )FSNBOBT .ÆT EF QFSTPOBT QBSUJDJQBO DPO HSBO EFWPDJÖO DBEB BÕP FO FTUB GFTUJWJEBE RVF UJFOF TV PSJHFO FO FM TJHMP 97***
F DFMFCSB DBEB BÕP FM UFSDFS EPNJOHP EF PDUVCSF USBT VOBT JOUFOTBT WÑTQFSBT 7BSJPT DVMUPT QSFDFEFO B MB QFSFHSJOBDJÖO EFTEF MB GVODJÖO QSJODJQBM EF MB )FSNBOEBE FM QSFHÖO FM RVJOBSJP WBSJBT PGSFOEBT GMPSBMFT Z VO CFTBNBOPT &O FTUPT EÑBT UBNCJÍO TF BSSFHMBO MBT DBSSFUBT Z TF SFBMJ[BO UPEPT MPT QSFQBSBUJWPT QBSB MB GFTUJWJEBE &M EÑB TFÕBMBEP MB 7JSHFO EF 7BMNF TBMF B MBT PDIP EF MB NBÕBOB EFTEF MB QBSSPRVJB EF 4BOUB .BSÑB .BHEBMFOB BCSJFOEP MB RVF TJO EVEB FT VOB EF MBT SPNFSÑBT NÆT JNQPSUBOUFT EF "OEBMVDÑB 4VT PSÑHFOFT EBUBO EF Z DVFOUB DPO VO JONFOTP OÜNFSP EF QFSFHSJOPT RVF TVQFSB ZB MPT QFTF B RVF %PT )FSNBOBT DVFOUB DPO VOB QPCMBDJÖO RVF SPOEB MPT IBCJUBOUFT $VFOUB MB MFZFOEB RVF 'FSOBOEP *** NBOEÖ DPOTUSVJS MB FSNJUB FO BHSBEFDJ NJFOUP B MB NFEJBDJÖO EF MB 7JSHFO FO MB DPORVJTUB EF 4FWJMMB
4
&M DBNJOP RVF VOF %PT )FSNBOBT DPO MB CBSSJBEB TFWJMMBOB EF #FMMBWJT UB MVDF MPT EJTFÕPT DBEB WF[ NÆT FMBCPSBEPT EF MBT DBSSFUBT RVF TF SFBMJ[BO B NBOP DPO GMPSFT EF QBQFM EF TFEB DPO HSBO USBCBKP Z EFEJDBDJÖO -BT IPSBT DFOUSBMFT EFM EÑB DPODFOUSBO FM NPNFOUP ÆMHJEP DVBOEP MB JNBHFO Z MPT QFSFHSJOPT MMFHBO B MB FSNJUB " QBSUJS EF MBT DPNJFO[B FM SFHSFTP B MB QBSSPRVJB #BJMFT Z DBOUFT UJFOFO DBCJEB OP QPS FMMP EFKB EF UFOFS VO TJHOJGJDBEP SFMJHJPTP QPS MB HSBO EFWPDJÖO RVF MPT SPNFSPT RVF BDVEFO QSPGFTBO B MB 7JSHFO EF 7BMNF
7JSHFO EF (SBDJB
.BZP 4BO *TJESP -BCSBEPS EF -PT 1BMBDJPT Z 7JMMBGSBODB &M EPNJOHP EF NBZP TF DFMFCSB FTUB SPNFSÑB RVF DPOHSFHB DBEB BÕP B NÆT EF SPNFSPT FO FM 1BSRVF EF MB $PSDIVFMB FTQBDJP EPOEF TF DFMFCSB $BCF EFTUBDBS RVF GVF EFDMBSBEB EF *OUFSÍT 5VSÑTUJDP EF "OEBMVDÑB FO 1VSB Z -JNQJB $PODFQDJÖO EF 1SVOB 4VT PSÑHFOFT EBUBO EF DVBOEP TFHÜO DVFOUBO USBT WBSJBT QMFHBSJBT B MB 7JSHFO EF MB 1VSB Z -JNQJB $PODFQDJÖO DPODMVZÖ VOB GVFSUF TFRVÑB 4V DFMFCSBDJÖO UJFOF MVHBS TJFNQSF FM QSJNFS EPNJOHP EF NBZP FO MB FSNJUB EFM /BWB[P
(SBO USBEJDJÖO FO $BSNPOB &M QSJNFS EPNJOHP EF TFQUJFNCSF FTUF BÌP FM EÈB TF DFMFCSB FTUB SPNFSÈB EF HSBO USBEJDJÎO Z QBSUJDJQBDJÎO DJVEBEBOB -B QFSFHSJOBDJÎO WB EFTEF MB FSNJUB EF 4BO "OUÎO EPOEF TF DFMFCSB MB NJTB EF SPNFSPT B MBT B MB FSNJUB EF MB 7JSHFO EF (SBDJB RVF TF FODVFOUSB B LJMÎNFUSPT
4FQUJFNCSF 3PNFSÑB EF 4BO .BUFP EF "MDBMÆ EF (VBEBÑSB 4VT PSÑHFOFT TF SFNPOUBO B MB SFDPORVJTUB EF MB DJVEBE QPS QBSUF EFM SFZ 4BO 'FSOBOEP BVORVF GVF SFDVQFSBEP FO QPS VO HSVQP EF WFDJOPT EF MB MPDBMJEBE 4F DFMFCSB FM EPNJOHP BOUFSJPS BM EF TFQUJFNCSF FO MPT UFSSFOPT EF &M 5PSSPOEP DFSDB EFM QVFOUF EFM %SBHÖO &T NVZ SFDPOPDJEP QPS MPT WJTJUBOUFT FM BSSP[ DPO QFSEJ[ RVF TF DPNF USBEJDJPOBMNFOUF FO FTUB GFTUJWJEBE %JWJOB 1BTUPSB EF $BOUJMMB OB %ÑBT Z 4F DFMFCSB FO MB BMEFB EF -PT 1BKBSFT Z DPO FTUB QFSFHSJOBDJÖO TF QPOF VO NBSBWJMMPTP DJFSSF B MBT DFMFCSBDJPOFT QBTUPSFÕBT
RVF UJFOFO MVHBS EVSBOUF UPEP FM NFT EF TFQUJFNCSF )BCJUVBMNFOUF WB VOP EF MPT TJNQFDBEPT EF MB IFSNBOEBE Z MB JNBHFO WB FO TV DBSSFUB EF QMBUB TPMP DBEB DJODP BÕPT
0DUVCSF $VBUSPWJUBT EF #PMMVMMPT EF MB .JUBDJÖO %ÑB 4F DFMFCSB TJFNQSF FM DVBSUP EPNJOHP EF PDUVCSF 5JFOF TVT PSÑHFOFT FO Z DVFOUB DPO MB EFDMBDJÖO EF SPNFSÑB EF *OUFSÍT 5VSÑTUJDP /BDJP OBM -B 7JSHFO EF $VBUSPWJUBT QFSNBOFDF FO TV FSNJUB EFTEF FM EF KVMJP DVBOEP
MB MMFWBO IBTUB BMMÑ IBTUB RVF FO PDUVCSF TF DFMFCSF MB SPNFSÑB .ÆT EF VO DFOUFOBS EF DBSSFUBT BDPNQBÕBO B MB DPODVSSJEB QFSFHSJOBDJÖO RVF DVFOUB DPO NJMFT EF BEFQUPT DBEB BÕP 3PNFSÑB EF 5PSSJKPT EF 7BMFODJOB %ÑB %FEJDBEB BM $SJTUP EF 5PSSJKPT BM RVF BDPNQBÕB MB 7JSHFO EF MB &TUSFMMB Z UJFOF TVT PSÑHFOFT FO "OVBMNFOUF BDVEFO NÆT EF SPNFSPT B MB DJUB BDPNQB ÕBEPT QPS NÆT EF NFEJP NJMMBS EF DBCBMMJTUBT Z DBSSFUBT
'MBNFODP EF MB QSPWJODJB
%FM EF BHPTUP BM EF TFQUJFNCSF
*N¼HFOFT EFM GFTUJWBM GMBNFODP ":50 ."*3&/" %&- "-$03 &M GFTUJWBM GMBNFODP DFMFCSB FTUF B̤P TV FEJDJÎO OÕNFSP 5BOUP FM $PODVSTP EF $BOUF +POEP DPNP FM 'FTUJWBM RVF TF DFMFCSBO FO ĔBT TVDFTJWPT DVFOUBO DPO MB EFDMBSBDJ̬O EF BDPOUFDJNJFOUPT EF *OUFSÄT 5VSÈTUJDP /BDJPOBM EF "OEBMVDÈB (SBOEFT GJHVSBT DPOTBHSBEBT EFM GMBNFODP TF EBO MB NBOP DPO OVFWPT BTQJSBOUFT FO VOP EF MPT FWFOUPT N˔T JNQPSUBOUFT EF MB BHFOEB GMBNFODB EF &TQBÌB 3VUB QPS DBSSFUFSB " LN "VUPCVTFT "VUPDBSFT $BTBM Z $POTPSDJP .FUSPQPMJUBOP EF 5SBOTQPSUF .˔T JOGPSNBDJ̬O NBJSFOBEFMBMDPS PSH ●
'FTUJWBM "OUPOJP .BJSFOB 4F DFMFCSB EFTEF DVBOEP MP PSHBOJ[Ö DPO GJOFT CFOÍGJDPT FM BSUJTUB RVF IPZ EB OPNCSF BM FWFOUP EF HSBO SFMFWBODJB FO FM GMBNFODP
FDMBSBEP EF *OUFSÍT 5VSÑTUJDP EF "OEBMVDÑB FM 'FTUJWBM EF $BOUF +POEP "OUPOJP .BJSFOB FO TF DFMFCSB EFM EF BHPTUP BM EF TFQUJFNCSF FO MB $BTB 1BMBDJP EF MPT %VRVFT EF "SDPT F JODMVZF VO BNQMJP QSPHSBNB EF DPOGFSFODJBT IPNFOBKFT DIBSMBT FYQPTJDJPOFT SFDJUBMFT HSBUVJUPT FM $PODVSTP /BDJPOBM EF $BOUF +POEP "OUPOJP .BJSFOB MB OPDIF EFM WJFSOFT EF TFQUJFNCSF Z MB (BMB EFM -7 'FTUJWBM EF $BOUF +POEP "OUPOJP .BJSFOB MB OPDIF EFM TÆCBEP EF TFQUJFNCSF &TUF BÕP USJCVUB IPNFOBKF BM DBOUBPS +PTÍ .FOFTF EFM NVOJDJQJP TFWJMMBOP EF MB 1VFCMB EF $B[BMMB RVJFO EFCVUÖ FO FO FM $JOF $BSSFUFSÑB EF 0TVOB EF MB NBOP EF "OUPOJP .BJSFOB
%
&TUF 'FTUJWBM EFM $BOUF +POEP FT VO SFGFSFOUF QBSB BGJDJPOBEPT DSÑUJDPT BSUJTUBT Z OVFWBT QSPNFTBT RVF QFSDJCFO FTUB DJUB DPNP FM CSPDIF EF PSP QFSGFDUP QBSB DFSSBS MB UFNQPSBEB WFSBOJFHB DPO FM CVFO DBOUF &O TVT PSÑHFOFT FM GFTUJWBM TVSHF DPNP VO BDUP CFOÍGJDP FODVBESBEP FO FM DPOKVOUP EF MBT GJFTUBT QBUSPOBMFT EF 4BO #BSUPMPNÍ &T FM EJGVOUP QÆSSPDP EFM NVOJDJQJP &OSJRVF -ÖQF[ FM RVF QSPQPOF B "OUPOJP .BJSFOB SFDJÍO HBOBEB MB *** MMBWF EF 0SP EFM $BOUF MB PSHBOJ[BDJÖO EF VO FTQFDUÆDVMP GMBNFODP DPO FM PCKFUP EF SFDBVEBS GPOEPT 4V QSJNFSB FEJDJÖO TF DFMFCSÖ FM EF BHPTUP EF DPNP FM 'FTUJWBM EF $BODJPOFT Z $BOUF 'MBNFODP 4F USBUBCB FO SFBMJEBE EF VO DPODVSTP EF BGJDJPOBEPT BM GMBNFODP 5SBT FM ÍYJUP EF MB QSJNFSB FEJDJÖO "OUPOJP .BJSFOB TF QMBOUFÖ IBDFS VO QSPZFDUP NÆT BNCJDJP TP DPO FM RVF BUSBFS BM NBZPS OÜNFSP QPTJCMF EF BSUJTUBT DPOTBHSBEPT
'MBNFODP EF MB QSPWJODJB
'3"/$*4$0 +04Ɉ Ȯ-7"3&; .&3$63*0 &456%*04
'JOBMFT EF KVOJP
1PUBKF (JUBOP EF 6USFSB &TUF BÕP DFMFCSB TV BOJWFSTBSJP Z QPS FMMP QSFQBSB VOB BNQMJB QSPHSBNBDJÖO FO MB RVF EFTUBDB VOB FEJDJÖO JOGBOUJM DPNP QSFWJB
TUF BÕP DFMFCSB TV BOJWFSTBSJP Z DPO NPUJWP EF UBM FGFNÍSJEF QSFQBSB VO HSBO QSPHSBNB EF BDUJWJEBEFT FO FM RVF EFTUBDB VOB FEJDJÖO FTQFDJBM QBSB MPT NÆT QFRVFÕPT DPNP QSFWJB EF MB FEJDJÖO PGJDJBM Z DPO MB JOUFODJÖO EF DSFBS DBOUFSB FO FTUF BSUF &T FM GFTUJWBM GMBNFODP NÆT BOUJHVP EF &TQBÕB Z OBDJÖ BM DBMPS EF MPT GPHPOFT EPOEF TF GSBHVÖ FTB QSJNFSB DPNJEB EF MB )FSNBOEBE EF MPT (JUBOPT EF MB MPDBMJEBE RVF EJP QJF B FTUB DFMFCSBDJÖO &TUF DFSUBNFO IB TFSWJEP EF FTQFKP FO FM RVF TF IBO NJSBEP PUSPT EFOUSP EF FTUF BSUF RVF IB TBCJEP NBOUFOFSTF FO FM UJFNQP EFTEF TV QSJNFS IPNFOBKF B "OUPOJP .BJSFOB IBTUB MB BDUVBMJEBE TJFNQSF NPTUSBOEP SFTQFUP QPS BRVFMMBT GJHVSBT RVF IBO BQPSUBEP BMHP BM GMBNFODP &M BÕP QBTBEP SJOEJÖ IPNFOBKF B -PT EFM 3ÑP NJFOUSBT RVF FM BÕP BOUFSJPS FTUVWP EFEJDBEP B MB CBJMBPSB HBEJUBOB 4BSB #BSBT
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-B )FSNBOEBE EF MPT (JUBOPT RVF TBMF FM 7JFSOFT 4BOUP PSHBOJ[B MB GJFTUB GMBNFODB BMSFEFEPS EF FTF QPUBKF HJUBOP RVF TF TJSWF USBEJDJP OBMNFOUF B MPT BTJTUFOUFT FO FM $PMFHJP EF MPT 4BMFTJBOPT EF 6USFSB -B $BTB EF MB $VMUVSB BDPHF EJTUJOUBT BDUJWJEBEFT EVSBOUF MB TFNBOB QSFWJB BM GFTUJWBM RVF DBEB BÕP TF DFOUSB FO QSPNPWFS VO USJCVUP B VOB GJHVSB SFMFWBOUF EFM GMBNFODP 1BTUPSB *NQFSJP -PMB 'MPSFT Z "OUPOJP (PO[ÆMF[ #BNCJOP 3PDÑP +VSBEP +VBOJUB 3FJOB +VBO 1FÕB FM -FCSJKBOP .BSJGÍ EF 5SJBOB $SJTUJOB )PZPT +PTÍ .FSDÍ -PMJUB 3BQIBFM +PBRVÑO $PSUÍT *TBCFM 1BOUPKB +VBO )BCJDIVFMB P "MFKBOESP 4BO[ IBO TJEP BMHVOPT EF MPT BSUJTUBT IPNFOBKFBEPT FO FTUF GFTUJWBM
"DUVBDJPOFT FO FM GFTUJWBM ' + Ȯ-7"3&; .&3$63*0 &456%*04 ● -B WFMBEB GMBNFODB TF
EFTBSSPMMB FO FM $PMFHJP EF MPT 4BMFTJBOPT VUSFSBOP DBMMF 4BO +VBO #PTDP "MHVOPT EF MPT ͔MUJNPT IPNFOBKFT EFM 1PUBKF (JUBOP IBO TJEP QBSB MBT VUSFSBOBT 'FSOBOEB Z #FSOBSEB +VBO )BCJDIVFMB Z .PSB̆UP $IJDP -PT GFTUJWBMFT GMBNFODPT TF DPOWJFSUFO FO QBSUF GVOEBNFOUBM EF MB IJTUPSJB EF FTUF BSUF B QBSUJS EF MB EÄDBEB EF MPT TFTFOUB 3VUB QPS DBSSFUFSB " LN & LN "VUPCVTFT $BTBM MÈOFB . 5SFO $FSDBOÈBT $ .˔T JOGPSNBDJ̬O XXX QPUBKFHJUBOP DPN XXX UVSJTNPVUSFSB PSH
'JFTUBT EF MB QSPWJODJB
%FM BM EF KVOJP
&M DBOHSFKP GPSNB QBSUF EF MB GJFTUB ":50 *4-" .":03 ● -BT GJFTUBT DPNJFO[BO FM
'FSJB Z NBOUFM FO *TMB .BZPS -B GJFTUB RVF TF DFMFCSB SFDJÍO FTUSFOBEP FM WFSBOP HJSB FO UPSOP BM BSSP[ Z BM DBOHSFKP QSPEVDUPT UÑQJDPT EF MB MPDBMJEBE NBSJTNFÕB
B GFTUJWJEBE EF 4BO +VBO FM EF KVOJP TJSWF EF FKF B MB 'FSJB Z 'JFTUBT EFM "SSP[ Z FM $BOHSFKP RVF TF DFMFCSB TJFNQSF EF NJÍSDP MFT B EPNJOHP B GJOBMFT EF KVOJP $PNP PDVSSF DPO PUSBT GFSJBT EF MB QSPWJODJB ÍTUB IB JEP NPEJGJDBOEP TV VCJDBDJÖO DPO MPT BÕPT BCBOEPOBOEP MBT QSJODJQBMFT DBMMFT EFM QVFCMP QBSB JOTUBMBS MBT DBTFUBT Z MPT GBSPMJMMPT FO VO SFDJOUP FTQFDJBMNFOUF QSFQBSBEP QBSB FMMP BMFKBEP EFM DBTDP IJTUÖSJDP EF MB MPDBMJEBE RVF WVFMWF B QPOFS FO FM BSSP[ Z FO FM DBOHSFKP TVT QSJODJQBMFT BUSBDUJWPT /P FO WBOP *TMB .BZPS FT FM UFSDFS QSPEVDUPS EFM NVOEP Z FM TFHVOEP FYQPSUBEPS EFM DBOHSFKP SPKP EF SÑP VOB FTQFDJF JOUSPEVDJEB FO MB NBSJTNB TFWJMMBOB FO MPT BÕPT QPS 3BGBFM (SBV Z RVF TJSWF UBNCJÍO QBSB DFMFCSBS FM EÑB EFM QBUSÖO 4BO 3BGBFM FM EF TFQUJFNCSF DPO VOB HSBO DBOHSFKBEB &M NJÄSDPMFT TF JOBVHVSB MB GJFTUB DPO FM "MVNCSBEP " FTUP MF TJHVF VO QBTBDBMMFT RVF SFDPSSF FM 3FBM EF MB 'FSJB KVOUP B VOB DIBSBOHB 0USP EF MPT NPNFOUPT JNQPSUBOUFT FT MB FOUSFHB EFM QSFNJP $BSUFM EF 'FSJB EFM "ÕP "EFNÆT MB DBTFUB NVOJDJQBM PGSFDF BDUVBDJPOFT NVTJDBMFT EVSBOUF UPEBT MBT OPDIFT RVF EVSB MB DFMFCSBDJÖO &M QSPHSBNB EF BDUJWJEBEFT EF MB GFSJB JODMVZF UBNCJÍO DBSSFSBT EF DJOUBT FO CJDJDMFUB FO NPUP Z B DBCBMMP DBSSFSBT EF TBDPT DPODVSTP EF QFTDB UJSP DPO BSDP Z UPSOFP EF QFUBODB EVSBOUF MBT NBÕBOBT 1PS MB OPDIF TF DFMFCSBO MBT ZB USBEJDJPOBMFT DFOBT QBSB MB UFSDFSB FEBE FO MB DBTFUB NVOJDJQBM Z MB GJFTUB EF MB FTQVNB FO FM 3FBM EF MB 'FSJB "EFNÆT TF FOUSFHBO MPT 1SFNJPT EF $BTFUB Z 1MBDBT BM "CVFMP Z "CVFMB EFM "ÕP
-
NJ˭SDPMFT DPO MB QSVFCB EFM BMVNCSBEP Z MB USBEJDJPOBM OPDIF EFM QFTDBÈUP %FTEF IBDF B̤PT FO MB UBSEF EFM WJFSOFT EF GFSJB TF DFMFCSB MB GJFTUB EF MB FTQVNB FO FM 3FBM EF MB 'FSJB 4F USBUB EF VOB EF MBT BDUJWJEBEFT N˔T FTQFSBEBT Z DPO MB RVF N˔T EJTGSVUBO MPT WFDJOPT &M UJSP BM QMBUP FT UBNCJ˭O QBSUF USBEJDJPOBM EF MB 'FSJB EF MB MPDBMJEBE &M EPNJOHP BM NFEJPĔB FT USBEJDJ̬O DPDJOBS QBFMMBT FO UPEBT MBT DBTFUBT 3VUB QPS DBSSFUFSB " LN "VUPCVTFT $POTPSDJP .FUSPQPMJUBOP EF 5SBOTQPSUF . .˔T JOGPSNBDJ̬O XXX JTMBNBZPS FT
'JFTUBT EF MB QSPWJODJB
Z EF KVMJP
-B 7JSHFO EF MBT "OHVTUJBT ":50 ";/"-$Ȯ;"3
-B JNBHFO EF 4BOUJBHP TPCSF VO DBCBMMP CMBODP FT T̆NCPMP FO FM BSUF EF EFGFOTPS EF &TQBÌB JEFB RVF QSPDFEF EF MB 3FDPORVJTUB -B JDPOPHSBĞB FT PCSB EFM JNBHJOFSP $BTUJMMP -BTUSVDDJ BT̆ DPNP FM QBTP EFM 4BOUP EF NBEFSB UBMMBEB Z EPSBEB -B 7JSHFO QPSUB VOB TBZB EFM TJHMP 9*9 Z VO NBOUP CPSEBEP FO PSP %F MB PSGFCSFS̆B EFTUBDBO MPT DBOEFMBCSPT EFMBOUFSPT UBNCJ˭O EFM TJHMP 9*9 "[OBMD˔[BS TF FODVFOUSB SPEFBEP EF QBSBKFT OBUVSBMFT FOUSF FMMPT %PÌBOB %FTUBDB UBNCJ˭O TV QBUSJNPOJP IJTU̬SJDP ● 3VUB QPS DBSSFUFSB " Z " LN ● "VUPCVTFT %BNBT MÈOFB . ● .˔T JOGPSNBDJ̬O IFSNBOEBEEFTBOUJBHP PSH ●
'JFTUBT EF 4BOUJBHP "QÖTUPM FO "[OBMDÆ[BS %FDMBSBT EF *OUFSÍT 5VSÑTUJDP EF "OEBMVDÑB FO FM BÕP [OBMDÆ[BS TF WVFMDB EVSBOUF FM NFT EF KVMJP DPO VOB EF MBT GFTUJWJEBEFT NÆT JNQPSUBOUFT EF TV DBMFOEBSJP QBSUJDVMBS 4BOUJBHP "QPTUPM EFDMBSBEBT EF *OUFSÍT 5VSÑTUJDP EF "OEBMVDÑB FO &O MB QSJNFSB TFNBOB UJFOF MVHBS MB QPQVMBS WFSCFOB FO FM QBUJP EF MB $BTB )FSNBOEBE EPOEF BDUÜBO HSVQPT MPDBMFT Z KÖWFOFT UBMFOUPT 5BNCJÍO TF DFMFCSB FM 1SFHÖO EF MBT 'JFTUBT FTUF BÕP FM EÑB EF KVMJP QPS DVZP BUSJM IBO QBTBEP QFSTPOBMJEBEFT DPNP "MGSFEP 'MPSFT GJTDBM EF MB "VEJFODJB EF 4FWJMMB "OUPOJP (BSDÑB #BSCFJUP P .BSVKB 7JMDIFT &M BDUP HP[B EF HSBO CFMMF[B BNFOJ[BEP QPS VOB CBOEB EF NÜTJDB RVF JOUFSQSFUB FTDPHJEBT QJF[BT NVTJDBMFT "TÑ NJTNP UJFOF MVHBS MB DPSPOBDJÖO EF MB 3FJOB EF MBT 'JFTUBT Z FM OPNCSBNJFOUP EF MBT %BNBT EF )POPS Z $PUF *OGBOUJM &M 5SJEVP FO IPOPS B 4BOUJBHP "QÎTUPM RVF DPO HSBO TPMFNOJEBE TF DFMFCSB FO MB *HMFTJB 1BSSPRVJBM UFOESÆ MVHBS EFM BM EF KVMJP &O MB WÑTQFSB EFM EÑB TF PSHBOJ[B VOB GFTUJWB WFMBEB FO MB 1MB[B EFM $BCJMEP BM BJSF MJCSF RVF DVFOUB DPO MB BDUVBDJÖO EF VO HSVQP NVTJDBM Z GJOBMJ[B DPO MB TVFMUB EFM UPSP EF GVFHP :B FM EÑB TF DFMFCSB MB 'FTUJWJEBE EF 4BOUJBHP 1PS MB NBÕBOB DPNJFO[B DPO BMFHSF EJBOB B DBSHP EF VOB GPSNBDJÖO NVTJDBM " DPOUJOVBDJÖO UJFOF MVHBS MB 4PMFNOF 'VODJÖO 3FMJHJPTB KVOUP BM $PSP "QÖTUPM 4BOUJBHP VO NPNFOUP EF HSBO JOUFOTJEBE 1PS ÜMUJNP B MBT IPSBT TF DFMFCSB MB 5SJVOGBM Z 4PMFNOF 1SPDFTJÖO EF 4BOUJBHP "QPTUPM B DBCBMMP PCSB EF $BTUJMMP -BTUSVDDJ Z MB 7JSHFO EF MBT "OHVTUJBT EF BVUPS BOÖOJNP
"
'JFTUBT EF MB QSPWJODJB
'3"/$*4$0 Ȯ-7"3&; .&3$63*0 &456%*04
%FM BM EF TFQUJFNCSF
5SJCVUP B /VFTUSB 4FÕPSB EF $POTPMBDJÖO FO 6USFSB -B 'FSJB EF MB MPDBMJEBE DVFOUB DPO NÆT EF WJTJUBOUFT DBEB BÕP M SFDJOUP GFSJBM TF DPNQPOF EF VO DFOUFOBS EF DBTFUBT RVF BDPHFO FTUB GJFTUB Z RVF DPNP PUSBT GFSJBT HJSB FO UPSOP BM QBTFP EF DBCBMMPT Z FOHBODIFT EVSBOUF FM EÑB Z B MBT BDUVBDJPOFT NVTJDBMFT EVSBOUF MB OPDIF &M NVOJDJQJP BCSF TVT CSB[PT QBSB BDPHFS B UPEPT MPT WJTJUBOUFT RVF RVJFSBO BDFSDBSTF IBTUB BMMÑ QBSB EJTGSVUBS EF TVT EÑBT NÆT BMFHSFT &M SFDJOUP DVFOUB UBNCJÍO DPO VOB DBMMF EFM *OGJFSOP QBSB MPT NÆT BUSFWJEPT 4V PSJHFO UBNCJÍO FTUÆ FO VOB GFSJB EF HBOBEP RVF TF DFMFCSBCB DPO NPUJWP EF MB HSBO SPNFSÑB EF MB 7JSHFO EF $POTPMBDJÖO .ÆT EF WJTJUBOUFT MMFHBO DBEB WFSBOP QBSB EJTGSVUBS EF FTUB GJFTUB RVF HP[Ö EF TV NÆYJNB QPQVMBSJEBE FO MPT TJHMPT 97** Z 97***
&
&M NVOJDJQJP QSFQBSB VO FYUFOTP QSPHSBNB EF BDUJWJEBEFT EFTEF MBT KPSOBEBT QSFWJBT B MB DFMFCSBDJÖO EF MB GFSJB DPO FWFOUPT DVMUVSBMFT RVF QSFUFOEFO EBS B DPOPDFS MB JEJPTJODSBTJB EF MB MPDBMJEBE GBNPTB QPS TVT NPTUBDIPOFT %VSBOUF MPT GFTUFKPT RVF DPNJFO[BO DPO FM FODFOEJEP EFM BMVNCSBEP Z MB DFOB EFM QFTDBÑUP UJFOFO MVHBS EFHVTUBDJPOFT HBTUSPOÖNJDBT BDUVBDJPOFT EF TFWJMMBOBT DPODVSTP EF FYPSOPT EF DBTFUBT DPODJFSUPT Z FTQFDUÆDVMPT JOGBOUJMFT BTÑ DPNP VO DPODVSTP EF 1BTFP B MB 7BRVFSB PUSP EF MPT HSBOEFT BUSBDUJWPT EF FTUB DFMFCSBDJÖO WFSBOJFHB &M EPNJOHP MBT GJFTUBT QPOFO TV CSPDIF EF PSP DPO VO DBTUJMMP EF GVFHPT BSUJGJDJBMFT -B 'FSJB FTUÆ EFDMBSBEB EF *OUFSÍT 5VSÑTUJDP /BDJPOBM EF "OEBMVDÑB Z DVFOUB DPO VOB QFSFHSJOBDJÖO B MB FSNJUB EF /VFTUSB 4FÕPSB EF $POTPMBDJÖO
&M SFDJOUP GFSJBM DPO HSBO BNCJFOUF ' + Ȯ-7"3&; .&3$63*0 &45 ● -B 'FSJB Z 'JFTUBT
EF $POTPMBDJ̬O FTU˔O EFDMBSBEBT EF *OUFSÄT 5VSÈTUJDP /BDJPOBM EF "OEBMVDÈB &M SFDJOUP GFSJBM DVFOUB DPO VO DFOUFOBS EF DBTFUBT NVDIBT EF FMMBT EF BDDFTP MJCSF %VSBOUF MBT GJFTUBT TF FOUSFHB MB 0SEFO EFM .PTUBDIÎO RVF SFDPOPDF MB MBCPS EF VUSFSBOPT Z BTPDJBDJPOFT EF MB MPDBMJEBE -BT DBMMFT EF MB 'FSJB UJFOFO OPNCSFT EF QBMPT GMBNFODPT $BOUJÌBT #VMFSÈBT 5PO¼ 3VUB QPS DBSSFUFSB " LN & LN "VUPCVTFT $BTBM MÈOFB . 5SFO $FSDBOÈBT $ .˔T JOGPSNBDJ̬O UVSJTNPVUSFSB PSH DPOTPMBDJPOEFVUSFSB PSH
'JFTUBT EF MB QSPWJODJB
%FM BM EF BHPTUP
-B QSPDFTJÎO DJFSSB MBT GJFTUBT ":50 $"45*-#-"/$0 $BTUJMCMBODP EF MPT "SSPZPT DPNFO[̬ B DFMFCSBS MB CBUBMMB EFM BHVB B NFEJBEPT EF MPT BÌPT PDIFOUB -BT GJFTUBT QBUSPOBMFT TPO VOB EF MBT USFT GFTUJWJEBEFT EFM WFSBOP FO FM NVOJDJQJP KVOUP DPO MB SPNFSÈB EF 4BO #FOJUP Z MB SPNFSÈB EF /VFTUSB 4FÌPSB EF &TDBSEJFM -B GJFTUB EFM BHVB IB TJEP TVTQFOEJEB FO EPT PDBTJPOFT Z QPS TPMJEBSJEBE DPO MPT QVFCMPT WFDJOPT RVF TVGS̆BO TFRV̆B 3VUB QPS DBSSFUFSB & Z " P QPS 4& IBTUB MB " LN "VUPCVTFT %BNBT TBMJEBT EFTEF MB .BDBSFOB Z QMB[B EF "SNBT .˔T JOGPSNBDJ̬O XXX DBTUJMCMBODPEFMPT BSSPZPT FT ●
"HVB QBSB BCSJS MBT GJFTUBT FO $BTUJMCMBODP EF MPT "SSPZPT -PT WFDJOPT TF BSSPKBO NÆT EF MJUSPT FO BQFOBT VOB IPSB M BHVB DPNP QJTUPMFUB[P EF TBMJEB B MB DFMFCSBDJÖO -BT GJFTUBT NÆT JNQPSUBOUFT EF $BTUJMCMBODP EF MPT "SSPZPT BSSBODBSÆO DPNP ZB FT USBEJDJÖO DPO MB DFMFCSBDJÖO EFM "HVB RVF UFOESÆ MVHBS FM KVFWFT EF BHPTUP B MBT IPSBT FO MB 1MB[B "NBSJMMB &TUB QPQVMBS GJFTUB RVF TJSWF QBSB DPMPDBS FO FM NBQB FTQBÕPM B MB MPDBMJEBE QSPNFUF EJWFSTJÖO Z SJTBT HSBDJBT B VOB CBUBMMB B DVCPT Z NBOHVFSBT RVF BMJWJB BEFNÆT MBT BMUBT UFNQFSBUVSBT EF FTUPT EÑBT ZB RVF FO BQFOBT NJOVUPT TF BSSPKBO NÆT EF MJUSPT EF BHVB 4FSÆ FM JOJDJP B VO QSPHSBNB EVSBOUF FTPT EÑBT RVF JODMVJSÆ DPODJFSUPT Z BDUJWJEBEFT UBOUP JOGBOUJMFT Z KVWFOJMFT FO MBT QMB[BT EFM NVOJDJQJP Z FO FM SFDJOUP GFSJBM %BEP RVF MBT GJFTUBT DPJODJEFO DPO MB ÍQPDB FTUJWBM TPO NVDIBT MBT QFSTPOBT RVF BQSPWFDIBO FTUPT EÑBT QBSB EJTGSVUBS EF MB MPDBMJEBE RVF JODMVTP USJQMJDB TV OÜNFSP EF IBCJUBOUFT BDUVBMNFOUF DBTJ FO FTUBT GFDIBT
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5SBT DVBUSP KPSOBEBT MBT GJFTUBT TF DMBTVTVSBSÆO FM EPNJOHP EF BHPTUP DPJODJEJFOEP DPO MB TBMJEB EF /VFTUSB 4FÕPSB EF (SBDJB -B QSPDFTJÖO EF HMPSJB DPNFO[BSÆ B MBT IPSBT EFTEF MB *HMFTJB 1BSSPRVJBM &M %JWJOP 4BMWBEPS Z TF DPOWJFSUF FO FM NPNFOUP NÆT TPMFNOF *HVBMNFOUF DBCF SFDPSEBS RVF $BTUJMCMBODP EF MPT "SSPZPT DBMFOUBSÆ NPUPSFT VOPT EÑBT BOUFT DPO MB DFMFCSBDJÖO EF MB 9997*** FEJDJÖO EFM 'FTUJWBM 'MBNFODP FM TÆCBEP EF KVMJP B QBSUJS EF MBT IPSBT -PT BSUJTUBT QSPUBHPOJTUBT EFM DBSUFM TFSÆO 5JOB 1BWÖO #FBUSJ[ 3PNFSP Z &M /JÕP EF MB 5BIPOB DPNP SFQSFTFOUBOUF MPDBM
'JFTUBT EF MB QSPWJODJB
%FM BM EF TFQUJFNCSF
-B GJFTUB DVFOUB DPO VO BNQMJP QSPHSBNB ":6/5".*&/50 "-"/ɡ4 ● &M QVFCMP EF BQFOBT
+PSOBEBT .FEJFWBMFT EF "MBOÑT -B GJFTUB DVNQMF TV EFDJNPUFSDFS BOJWFSTBSJP USBUBOEP EF DPOKVHBS IJTUPSJB QBUSJNPOJP BSUF FTQFDUÆDVMP Z HBTUSPOPNÑB FO USFT EÑBT
P IBZ GJFTUB DPNP FTUB FO MB QSPWJODJB "MBOÑT TF SFUSPUSBF FO FM UJFNQP IBTUB MB &EBE .FEJB QBSB MMFOBS TVT DBMMFT EF EPODFMMBT CVGPOFT NFSDBEFSFT ESVJEBT Z UPEP UJQP EF QFSTPOBKFT NÆT QSPQJPT EF DVFOUPT NJUPMÖHJDPT RVF EF VO NVOJDJQJP EFM TJHMP 99* %VSBOUF USFT EÑBT MB MPDBMJEBE PSOBNFOUB TVT DBMMFT QBSB RVF FM WJTJUBOUF FYQFSJNFOUF VO WFSEBEFSP WJBKF BM QBTBEP FNVMBOEP B MB QFSGFDDJÖO FM BNCJFOUF NFEJFWBM %VSBOUF FTUBT KPSOBEBT TPO IBCJUVBMFT MPT QVFTUPT EF BSUFTBOÑB DFSÆNJDB FTQBSUP EVMDFT HVBSOJDJPOFT GPSKB P DIBDJOBT QBSB SFDSFBS EF MB NFKPS GPSNB QPTJCMF VOB BMEFB EF BOUBÕP "MBOÈT FODVFOUSB FO FTUB DFMFCSBDJÎO VOP EF TVT QSJODJQBMFT BUSBDUJWPT UVSÑTUJDPT 1PS FMMP TF WVFMDB FO VO JOUFOTP QSPHSBNB EF BDUJWJEBEFT QBSB RVF MPT WJTJUBOUFT EJTGSVUFO EF FTUPT EÑBT DPNP OP QPESÆO IBDFSMP FM SFTUP EFM BÕP /P FO WBOP FM NVOJDJQJP EVQMJDB TV QPCMBDJÖO IBCJUVBM ZB RVF SFDJCF NÆT EF WJTJUBT HSBDJBT B FTUBT KPSOBEBT $BSSFSBT EF DJOUBT NFEJFWBMFT FTQFDUÆDVMPT EF GVFHP FO FM $BTUJMMP EF "MBOÑT QBTBDBMMFT QBSB MPT NÆT QFRVFÕPT UFBUSP NFEJFWBM DPODJFSUPT DVFOUBDVFOUPT VO UPSOFP B DBCBMMP UBMMFSFT EF UJSP DPO BSDP DFUSFSÑB FO MB 1MB[B EFM "ZVOUBNJFOUP CVGPOFT Z USPWBEPSFT F JODMVTP VO HSBO CBJMF 5PEBT FTUBT QSPQVFT UBT TF PSHBOJ[BO EFTEF FM $POTJTUPSJP RVF TBCF EF MB JNQPSUBODJB EF FTUF FWFOUP TVSHJEP FO FM BÕP DPNP SFDMBNP UVSÑTUJDP QBSB MB MPDBMJEBE Z FO FM RVF TVT SFTQPOTBCMFT JOUFOUBO RVF IJTUPSJB QBUSJNPOJP BSUF FTQFDUÆDVMPT Z HBTUSPOPNÑB WBZBO EF MB NBOP
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IBCJUBOUFT NVMUJQMJDB QPS EPT TV QPCMBDJ̬O FO MPT ĔBT EF MBT KPSOBEBT Z SFDJCF B WJTJUBOUFT .VDIBT EF MBT BDUJWJEBEFT TPO HSBUJT P B QSFDJPT SFEVDJEPT 5JSP DPO BSDP BMGBSFSÈB WJESJFSBT TPO BMHVOPT EF MPT UBMMFSFT RVF ZB TF IBO DFMFCSBEP FO QBTBEBT FEJDJPOFT &M $BTUJMMP EF "MBŎT FT EF PSJHFO ¼SBCF Z EBUB EF -PT GSBODFTFT MP EJOBNJUBSPO FO Z TVT SVJOBT TPO FM FTDFOBSJP EF BMHVOPT FTQFDU˔DVMPT 3VUB QPS DBSSFUFSB " Z " LN "VUPCVTFT -JOFTVS .˔T JOGPSNBDJ̬O XXX BMBOJT FT
Z EF BCSJM Z EF NBZP
*N¼HFOFT EF MB GJFTUB FO -FCSJKB ":50 -&#3*+" ● &TU˔ EFDMBSBEB EF
$SVDFT EF .BZP EF -FCSJKB $POPDJEB QPQVMBSNFOUF DPNP MB 'JFTUB EF MBT .VKFSFT GVF EFDMBSBEB EF *OUFSÍT 5VSÑTUJDP /BDJPOBM EF "OEBMVDÑB QPS TV DBSÆDUFS ÜOJDP
FCSJKB EFKB FM QSPUBHPOJTUB B TVT WFDJOBT 4F USBUB EF VOB GFTUJWJEBE DPOPDJEB QPQVMBSNFOUF DPNP MB 'JFTUB EF MBT .VKFSFT QPS MB FOPSNF QBSUJDJQBDJÖO EF QÜCMJDP GFNFOJOP Z EF VOB EF MBT DFMFCSBDJPOFT NÆT QFDVMJBSFT EF MB QSPWJODJB QPS MP RVF FT EF *OUFSÍT 5VSÑTUJDP /BDJPOBM 4F DFMFCSB MPT EPT QSJNFSPT GJOFT EF TFNBOB EF NBZP WJFSOFT Z TÆCBEP EPOEF TF QVFEF FODPOUSBS B OVNFSPTPT HSVQPT EF NVKFSFT DBOUBOEP QPS MBT DBMMFT BUBWJBEBT DPO NBOUPODJMMPT Z GMPSFT FO FM QFMP Z EFSSP DIBOEP BMFHSÑB BMMÑ QPS EPOEF USBOTJUBO )JFSSP GPSKBEP P NBEFSB TJSWFO QBSB GPSNBS FM FTRVFMFUP EF MBT DSVDFT RVF QPCMBSÆO MBT DBMMFT EFM NVOJDJQJP Z RVF TFSÆO EFDPSBEBT DPO NBDFUBT Z GMPSFT NBOUPODJMMPT DPMDIBT Z VUFOTJMJPT EF DPCSF QBSB TJNCPMJ[BS MB BCVOEBODJB %FTEF FM $POTJTUPSJP TF CVTDB SFTQFUBS MB FTFODJB EF MB GJFTUB JOTUBOEP B MPT MFCSJKBOPT B QPUFODJBS MB JOTUBMBDJÖO EF MBT DSVDFT FO MPT MVHBSFT USBEJDJPOBMFT DPNP TPO MBT IPSOBDJOBT Z MPT QBUJPT EF MBT DBTBT &TUB BMFHSF GJFTUB UJFOF DPNP QSPUBHPOJTUBT MB QBOEFSFUB Z FM BMNJSF[
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-B HBTUSPOPNÈB DPNP FO PUSBT QBSUFT EF MB QSPWJODJB UJFOF VO QBQFM SFMFWBOUF FO FM EJTGSVUF EF FTUB GJFTUB RVF TF DFMFCSB EVSBOUF MB OPDIF Z RVF DVFOUB DPO CBSSBT QBSB BUFOEFS BM QÜCMJDP FO BMHVOBT EF MBT DSVDFT 4PO USBEJDJPOBMFT FO FM NFOÜ EVSBOUF FTUPT EÑBT MBT IBCBT DPSDIBT IBCBT IFSWJEBT DPO TBM RVF TF DPNFO GSÑBT Z MPT DBSBDPMFT CMBORVJMMPT EF MBT NBSJTNBT RVF SFRVJFSFO VOB MBCPSJPTB QSFQBSB DJÖO 5PEP FMMP BDPNQBÕBEP EFM CVFO WJOP Z NBO[BOJMMB MFCSJKBOPT 4JO EVEB VOP EF MPT NFKPSFT NPNFOUPT QBSB DPOPDFS MB MPDBMJEBE
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'JFTUBT EF MB QSPWJODJB )JTUPSJB Z GPMLMPSF
+VOJP 1VSÑTJNB $PODFQDJÖO $PSPOBEB EF -B "MHBCB $POPDJEB DPNP MB SPNFSÑB EFM "SBM TF DFMFCSB EVSBOUF FM QSJNFSP P TFHVOEP GJO EF TFNBOB EFM NFT EF KVOJP &O FMMB TF USBTMBEB B MB 7JSHFO VOB JNBHFO RVF EBUB EFM EFTEF MB *HMFTJB EF 4BOUB .BSÑB EF BT /JFWFT B TV TBOUVBSJP EPOEF QFSNBOFDF EFTEF NBZP
+VMJP 4BOUJBHP FO .BSJOBMFEB &O UPSOP BM -B QFDVMJBSJ EBE EF FTUB GJFTUB BVUPHFTUJP OBEB RVF DBEB BÕP DPONF NPSB VO NPUJWP EJTUJOUP DPNP MB 3FGPSNB "HSBSJB P IPNFOBKFBS B &SOFTUP $IF (VFWBSB FT PSHBOJ[BEB QPS TVT WFDJOPT DPO DBTFUBT EF BDDFTP MJCSF Z DPNJEB CBSBUB "EFNÆT QSPHSBNBO BDUJWJEBEFT Z FTQFDUÆDVMPT
"HPTUP -BT /JFWFT FO #FOBDB[ÖO %FM Z -BT GJFTUBT QBUSPOBMFT EFM QVFCMP EFM (VBEJBNBS WJWF TV NPNFO UP ÆMHJEP EVSBOUF MB QSPDFTJÖO EF /VFTUSB 4FÕPSB EF MBT /JFWFT BVORVF UBNCJÍO DFMFCSB PUSPT JOTUBOUFT TFÕBMBEPT DPNP FM %ÑB EFM 3PNFSJUP 3PNBOPSVN 'FTUVN 7FOUJQQP EF $BTBSJDIF 'JOBM EF BHPTUP 1FSNJUF WJWJS TFOTBDJPOFT ÜOJDBT FO MBT DBOUFSBT SPNBOBT EFM $FSSP #FMMJEP VO FODMBWF TJOHVMBS %JTGSVUBS EF MBT SFQSFTFOUBDJP OFT Z DPODJFSUPT FO FM UFBUSP Z
.FSDBEP #BSSPDP EF 0MJWBSFT 4F DFMFCSB EFM BM EF TFQUJFNCSF &T VO SFGFSFOUF QSPWJODJBM EF EJGVTJÎO EFM UVSÈTNP DVMUVSBM DFOUSBEP FO UPSOP B MB SJRVF[B EFM 4JHMP EF 0SP &TQBÌPM &TUB GJFTUB DFOUB DPO VOB HSBO QSPHSBNBDJÎO RVF QSPDVSB B MB GJFTUB N¼T EF WJTJUBT DBEB BÌP EF MBT FYQPTJDJPOFT FO FM 0QQJEVN P WFS EFTGJMBS B MB *7 -FHJÖO 3PNBOB 4ÑOHJMJT OPT USBTMBEBO B MB "OUJHVB 3PNB
4FQUJFNCSF 3PNFSÑB EF MB 4PMFEBE EF "MCBJEB EFM "MKBSBGF EF TFQUJFNCSF -B )FSNBOEBE EF MB 4PMFEBE MMFWB B HBMB MB
SJHVSPTJEBE DPO MB RVF TF DFMFCSB FTUB QFSFHSJOBDJÖO DBEB BÕP QBSB SF[BS BOUF MB JNBHFO EF MB 7JSHFO RVF FT QBUSPOB EF MB DPNBSDB BMKBSBGFÕB -B SPNFSÑB FT VOB EF MBT BDUJWJEBEFT QSJODJQB MFT EF MBT GJFTUBT FO IPOPS EF .BSÑB 4BOUÑTJNB EF MPT %PMPSFT FO TV 4PMFEBE 4F DFMFCSBO EVSBOUF TJFUF EÑBT