&2&,1$6 < $&&(625,26
&2&,1$6 61$&.
&2&,1$6 61$&. (VSHFLDOPHQWH SHQVDGDV SDUD LQVWDODFLRQHV HQ HVSDFLRV UHGXFLGRV OD VHULH 61$&. RIHUHFH XQD FRPSOHWtVLPD JDPD GH HOHPHQWRV PRGXODUHV TXH SHUPLWLUiQ GLVHxDU VX FRFLQD H[DFWDPHQWH FRPR XVWHG OD QHFHVLWD /D FRPELQDFLyQ GH DTXHOORV PyGXORV TXH XVWHG SUHFLVH GDUi FRPR UHVXOWDGR XQD FRFLQD FRQ WRGDV ODV SUHVWDFLRQHV QHFHVDULDV SDUD VDWLVIDFHU DO PDV H[LJHQWH SURIHVLRQDO )DEULFDGDV FRQ FXHUSR GH DFHUR LQR[LGDEOH FRQ HQFLPHUD HVWDPSDGD \ ERUGHV VXDYHV SDUD IDFLOLWDU OD OLPSLH]D 'HQWUR GH OD VHULH 61$&. HQFRQWUDUi WRGRV ORV HOHPHQWRV QHFHVDULRV SDUD HTXLSDU OD PDV FRPSOHWD FRFLQD PyGXORV GH TXHPDGRUHV D JDV HOpFWULFRV SODQFKDV HOpFWULFDV \ D JDV SDUULOODV ODYD EDxRV PDUtD IUHLGRUDV FRFHGRUDV GH SDVWD HWF 9HD OD DPSOLD JDPD GH HOHPHQWRV HQ SiJ D
02'(/26 1(87526 61$&.
0RG 6 1( 0RG 6 1(
(QFLPHUD HVWDPSDGD \ ERUGHV VXDEHV SDUD IDFLOLWDU OD OLPSLH]D
&XHUSR GH DFHUR LQR[LGDEOH
6
1(
1(
$QFKR )RQGR
PP PP
$OWR
PP
3 9 3 ½
5HI
&2&,1$6 *$6 61$&.
0RG 6 &8* )
0RG 6 &8* )
0RG 6 &8* )
&XHUSR GH DFHUR LQR[LGDEOH
3UHSDUDGDV SDUD JDV FLXGDG VH VLUYHQ FRQ FKLFOHV SDUD JDV EXWDQR
6 $QFKR )RQGR $OWR 3RWHQFLD FDORUÂÊ&#x2C6; FD 3RWHQFLD WRWDO
3 9 3 ½
(TXLSDGDV FRQ YiOYXOD GH VHJXULGDG \ WHUPR SDU TXH FRUWD HO JDV HQ FDVR GH TXH VH DSDJXH OD OODPD
(QFLPHUD HVWDPSDGD \ ERUGHV VXDYHV SDUD IDFLOLWDU OD OLPSLH]D
&8* )
&8* )
&8* )
PP PP PP :
[
[
NFDO K
5HI
&2&,1$6 (/Â&#x2030;&75,&$6 61$&.
0RG 6 &8( )
0RG 6 &8( )
&XHUSR GH DFHUR LQR[LGDEOH
7HUPRVWDWRV GH UHJXOD FLyQ \ VHJXULGDG
(QFLPHUD HVWDPSDGD \ ERUGHV VXDYHV SDUD IDFLOLWDU OD OLPSLH]D
6 $QFKR )RQGR $OWR 3RWHQFLD FDORUÂÊ&#x2C6; FD $OLPHQWDFL³Q
3 9 3 ½
&8( )
&8( )
PP PP PP
: 9 IDVHV
[
[
5HI
)5< 723 *$6 61$&. &DMyQ UHFRJH UHVtGXRV 6XSHUÃ&#x20AC; FLH GH FRFFLyQ GH FURPR GXUR
(QFHQGLGR SLH]RHOpFWULFR
0RG 6 )7*/
0RG 6 )7*5
0RG 6 )7*/ &XHUSR GH DFHUR LQR[LGDEOH
0RG 6 )7*5 0RG 6 )7*/5
3UHSDUDGDV SDUD JDV FLXGDG VH VLUYHQ FRQ FKLFOHV SDUD JDV EXWDQR
6
(TXLSDGDV FRQ YiOYXOD GH VHJXULGDG \ WHUPR SDU TXH FRUWD HO JDV HQ FDVR GH TXH VH DSDJXH OD OODPD
(QFLPHUD HVWDPSDGD \ ERUGHV VXDYHV SDUD IDFLOLWDU OD OLPSLH]D
)7*/
)7*5
)7*/
)7*/5
)7*5
$QFKR
PP
)RQGR $OWR
PP PP
3RWHQFLD WRWDO
:
[
[
[
3 9 3 ½
5HI
)5< 723 (/Â&#x2030;&75,&$6 61$&. 6XSHUÃ&#x20AC; FLH GH FRFFLyQ GH FURPR GXUR
0RG 6 )7(/
0RG 6 )7(5
&DMyQ UHFRJH UHVtGXRV
(TXLSDGDV FRQ WHUPRVWDWR GH VHJXULGDG
0RG 6 )7(/
&XHUSR GH DFHUR LQR[LGDEOH
0RG 6 )7(5 0RG 6 )7(/5
(QFLPHUD HVWDPSDGD \ ERUGHV VXDYHV SDUD IDFLOLWDU OD OLPSLH]D
6
)7(/
)7(5
)7(/
)7(/5
)7(5
$QFKR
PP
)RQGR
PP
$OWR 3RWHQFLD WRWDO
PP :
[
[
[
$OLPHQWDFL³Q
9 IDVHV
3 9 3 ½
5HI
3$55,//$6 /$9$ *$6 61$&. &DMyQ UHFRJH UHVtGXRV (QFHQGLGR SLH]RHOpFWULFR
0RG 6 /** 0RG 6 /**
&XHUSR GH DFHUR LQR[LGDEOH
6
/**
/**
$QFKR
PP
)RQGR $OWR
PP PP
3RWHQFLD WRWDO
:
[
3 9 3 ½
(TXLSDGDV FRQ YiOYXOD GH VHJXULGDG \ WHUPR SDU TXH FRUWD HO JDV HQ FDVR GH TXH VH DSDJXH OD OODPD
3UHSDUDGDV SDUD JDV FLXGDG VH VLUYHQ FRQ FKLFOHV SDUD JDV EXWDQR
(QFLPHUD HVWDPSDGD \ ERUGHV VXDYHV SDUD IDFLOLWDU OD OLPSLH]D
5HI
)5(,'25$6 (/Â&#x2030;&75,&$6 61$&. &HVWDV LQFRUSRUDGDV
6LVWHPD GH VXVSHQ VLyQ GH OD FHVWD V SDUD HVFXUULU HO DFHLWH VREUDQWH
&XEDV GH OLWURV
0RG 6 )5( & 0RG 6 )5( &
(TXLSDGDV FRQ WHUPRVWDWR GH VHJXULGDG
(QFLPHUD HVWDPSDGD \ ERUGHV VXDYHV SDUD IDFLOLWDU OD OLPSLH]D
&XHUSR GH DFHUR LQR[LGDEOH
6
)5( &
)5( &
$QFKR )RQGR
PP PP
$OWR
PP
: 9 IDVHV
[
3 9 3 ½
$FFHVRULRV
3RWHQFLD WRWDO $OLPHQWDFL³Q
&HVWD 6&)5 [ [ PP
3 9 3 ½
5HI
%$ 26 0$5 $ (/ &75,&26 61$&. &XED FRQ FDSDFLGDG SDUD FXEHWDV *1 GH R GH GH [
'HVDJ H
0RG 6 %0( &
0RG 6 %0( &
(TXLSDGDV FRQ WHUPRVWDWR GH VHJXULGDG
(QFLPHUD HVWDPSDGD \ ERUGHV VXDYHV SDUD IDFLOLWDU OD OLPSLH]D
&XHUSR GH DFHUR LQR[LGDEOH
6
%0( &
%0( &
$QFKR
PP
)RQGR
PP
$OWR 3RWHQFLD WRWDO
PP :
[
$OLPHQWDFL³Q
9 IDVHV
3 9 3 ½
5HI
&2&('25$6 3$67$ (/ &75,&$6 61$&.
&HVWDV LQFRUSRUDGDV
*ULIR GH OOHQDGR
&XED GH OLWURV
0RG 6 &3( &
7XER GH GHVDJ H
(QFLPHUD HVWDPSDGD \ ERUGHV VXDYHV SDUD IDFLOLWDU OD OLPSLH]D
&XHUSR GH DFHUR LQR[LGDEOH
6
&3( &
&3( &
$QFKR )RQGR
PP PP
$OWR
PP
: 9 IDVHV
[
3 9 3 ½
$FFHVRULRV
3RWHQFLD WRWDO $OLPHQWDFL³Q
&HVWD 6&3 [ [ PP
3 9 3 ½
5HI
0$17(1('25(6 )5,726 (/Â&#x2030;&75,&$6 61$&. 6LVWHPD GH FDOHIDFFLyQ SRU UHVLVWHQFLD FHUiPLFD
&XED GH OLWURV
0RG 6 &+(
&XHUSR GH DFHUR LQR[LGDEOH (QFLPHUD HVWDPSDGD \ ERUGHV VXDYHV SDUD IDFLOLWDU OD OLPSLH]D
6
&+(
$QFKR
PP
)RQGR $OWR
PP PP
: 9 IDVHV
3RWHQFLD WRWDO $OLPHQWDFL³Q
3 9 3 ½
5HI
&2&,1$6 61$&.
&2&,1$6 61$&. /D VHULH 61$&. RIUHFH OD JDPD GH FRFLQDV SURIHVLRQDOHV LGHDO SDUD DTXHOORV TXH QHFHVLWDQ SUHVWDFLRQHV \ FDOLGDG HQ XQ HVSDFLR OLPLWDGR (Q ODV SiJLQDV VLJXLHQWHV HQFRQWUDUi XQD SHTXHxD PXHVWUD GH OD H[WHQVD JDPD GH PRGHORV GLVSRQLEOHV 3DUD PDV LQIRUPDFLyQ QR GXGH HQ FRQWDFWDU FRQ QRVRWURV
&2&,1$6 6(5,( 4XHPDGRUHV FRQ SLORWR YiOYXOD GH VHJXULGDG \ WHUPRSDU
3LHV UHJXODEOHV
0RG 3 &8* ) 0RG 3 &8* ) +( )URQWDO \ HQFLPHUD GH DFHUR LQR[LGDEOH $,6,
3UHSDUDGDV SDUD JDV FLXGDG VH VLUYHQ FRQ FKLFOHV SDUD JDV EXWDQR
/DWHUDOHV \ KRUQR GH DFHUR LQR[LGDEOH $,6,
3
&8* ) &8* ) +( &,* ) +*
$QFKR )RQGR
PP PP
$OWR
PP
PP
z&
&DSDFLGDG EDQGHMDV KRUQR 'LVWDQFLD HQWUH EDQGHMDV KRUQR 9HQWLODGRUHV KRUQR 7HPSHUDWXUD KRUQR 3RWHQFLD FDORUÂÊ&#x2C6; FD IRJRQHV
:
[
[
[
3RWHQFLD WRWDO IRJRQHV 3RWHQFLD KRUQR
NFDO K :
$OLPHQWDFL³Q
9 IDVHV
3 9 3 ½
5HI
&2&,1$6 6(5,( 4XHPDGRUHV FRQ SLORWR YiOYXOD GH VHJXULGDG \ WHUPRSDU
3LHV UHJXODEOHV
0RG 3 &8* )
)URQWDO \ HQFLPHUD GH DFHUR LQR[LGDEOH $,6,
0RG 3 &8* ) +(
3UHSDUDGDV SDUD JDV FLXGDG VH VLUYHQ FRQ FKLFOHV SDUD JDV EXWDQR
/DWHUDOHV \ KRUQR GH DFH UR LQR[LGDEOH $,6,
3
$QFKR )RQGR $OWR &DSDFLGDG EDQGHMDV KRUQR 'LVWDQFLD HQWUH EDQGHMDV KRUQR 9HQWLODGRUHV KRUQR 7HPSHUDWXUD KRUQR 3RWHQFLD FDORUÂÊ&#x2C6; FD IRJRQHV 3RWHQFLD WRWDO IRJRQHV 3RWHQFLD KRUQR $OLPHQWDFL³Q
3 9 3 ½
PP PP PP
&8* ) &8* ) +( &,* ) +*
z& : NFDO K : 9 IDVHV
[
[
[
PP
5HI
7267$'25$ '( 3$1 5HVLVWHQFLDV GH FXDU]R TXH WXHVWDQ SRU DPEDV FDUDV D OD YH]
3RVLFLyQ VWDQGE\ SDUD DKRUUDU HQHUJLD HQ PRPHQWRV GH LQDFWLYLGDG
0RG 73 $MXVWH LQGHSHQGLHQWH GH ODV UH VLVWHQFLDV LQIHULRUHV \ VXSHULRUHV
9HORFLGDG GH OD FLQWD UHJXODEOH
+DVWD UHEDQDGDV KRUD
73
$QFKR H[WHULRU
PP
)RQGR H[WHULRU
PP
$OWR H[WHULRU
PP
3RWHQFLD $OLPHQWDFL³Q
3 9 3 ½
:
9 IDVHV
5HI
127$6
+25126 &219(&&, 1
+25126 (/Â&#x2030;&75,&26 NOVEDAD 'LVWDQFLD HQWUH EDQGHMDV PP
/X] LQWHULRU
0RG 1(521(
0RG 1(521(
&iPDUD \ IURQWDO GH DFHUR LQR[
0RG 1(521( *1
7HPSRUL]DGRU GH PLQ
'REOH YHQWLODGRU 127$ 1R LQFOX\H EDQGHMDV
1(521(
*1
$QFKR )RQGR
PP PP
$OWR
PP
&DSDFLGDG EDQGHMDV 'LVWDFLD HQWUH EDQGHMDV
PP
9HQWLODGRUHV 7HPSHUDWXUD
z&
3RWHQFLD $OLPHQWDFL³Q
3 9 3 ½
$FFHVRULRV
:
9 IDVHV
3 9 3 ½
5HMLOOD FURPDGD [ 0RG
5HMLOOD FURPDGD *5 0RG *1
5HMLOOD FURPDGD [ 0RG
5HI