$X &RHXU GX FRPEDW 'H ,YDQ &DVWHOODQR 6pDQFH XQLTXH 3UHPLqUH VHPDLQH 0DUGL j K )UDQFH K
$YHF 'RFXPHQWDLUH
6L[ YLHV VL[ KLVWRLUHV GH SDWLHQWV PHQDQW XQ FRPEDW FRQWUH OH FDQFHU 6L[ UHODWLRQV KXPDLQHV DX TXRWLGLHQ GDQV OH PRQGH GH O K{SLWDO R VRLJQDQWV VRLJQpV IRUPHQW FH FRXSOH LQGLVVRFLDEOH
$FFXHLO $ O DIILFKH
&RXOHXU GH SHDX PLHO
3URFKDLQHPHQW
'H -XQJ /DXUHQW %RLOHDX
$FWXDOLWpV
)UDQFH %HOJLTXH K 7RXW SXEOLF VpDQFH XQLTXH PDUGL MXLQ j K
/HWWUH G LQIRUPDWLRQ $UYRU SUDWLTXH &LQpPD /LHQV 3DUWHQDLUHV
$YHF $QLPDWLRQ
,OV VRQW HQIDQWV FRUpHQV GLVVpPLQpV j WUDYHUV OH PRQGH GHSXLV OD ILQ GH OD JXHUUH GH &RUpH 1p HQ j 6pRXO HW DGRSWp HQ SDU XQH IDPLOOH EHOJH -XQJ HVW O¶XQ G¶HQWUH HX[ $GDSWp GX URPDQ JUDSKLTXH &RXOHXU GH SHDX 0LHO OH ILOP UHYLHQW VXU /LUH OD VXLWH
/¶$WWHQWDW 'H =LDG 'RXHLUL ([FOXVLYLWp SRXU XQH VHPDLQH /XQGL 0HUFUHGL -HXGL 9HQGUHGL 6DPHGL HW 'LPDQFKH j K )UDQFH %HOJLTXH /LEDQ 4DWDU K 92 67) $YHF $OL 6XOLPDQ 5H\PRQGH $PVHOOHP (YJHQLD 'RGLQD
'DQV XQ UHVWDXUDQW GH 7HO $YLY XQH IHPPH IDLW H[SORVHU XQH ERPEH TX HOOH GLVVLPXOH VRXV VD UREH GH JURVVHVVH 7RXWH OD MRXUQpH OH GRFWHXU $PLQH LVUDpOLHQ G RULJLQH DUDEH RSqUH OHV QRPEUHXVHV YLFWLPH GH O DWWHQWDW $X PLOLHX GH OD QXLW RQ OH UDSSHOOH G XUJHQFH j /LUH OD VXLWH
/D ILOOH GX MXLOOHW 'H $QWRQLQ 3HUHWMDWNR ([FOXVLYLWp HQ VRUWLH QDWLRQDOH 3UHPLqUH VHPDLQH /XQGL 0HUFUHGL -HXGL 9HQGUHGL 6DPHGL HW 'LPDQFKH j K HW K 0DUGL j K )UDQFH K
$YHF 9LPDOD 3RQV *UpJRLUH 7DFKQDNLDQ 9LQFHQW 0DFDLJQH
+HFWRU TXL D UHQFRQWUp 7UXTXHWWH DX /RXYUH OH MXLOOHW Q¶D TX¶XQH SUpRFFXSDWLRQ VpGXLUH FHWWH ILOOH TXL O¶REVqGH /H PHLOOHXU PR\HQ F¶HVW HQFRUH GH IRQFHU O¶HPPHQHU YRLU OD PHU HW 3DWRU QH VDXUDLW OXL GRQQHU WRUW VXUWRXW VL HOOH HVW DFFRPSDJQpH GH VD FRSLQH /LUH OD VXLWH
/D *UDQGH %HOOH]]D 'H 3DROR 6RUUHQWLQR qPH HW GHUQLqUH VHPDLQH 7RXV OHV MRXUV j K ,WDOLH )UDQFH K 92 67) $YHF 7RQL 6HUYLOOR /XLV 7RVDU &DUOR 9HUGRQH
&H ILOP HVW SUpVHQWp HQ &RPSpWLWLRQ DX )HVWLYDO GH &DQQHV &¶HVW O¶pWp j 5RPH HW OD FLWp pWHUQHOOH EULOOH G¶XQH EHDXWp LQVDLVLVVDEOH HW GpILQLWLYH -HS *DPEHUGHOOD D VRL[DQWH FLQT DQV LO FRQWLQXH GH GpJDJHU XQ FKDUPH VXU OHTXHO OH WHPSV QH VHPEOH SDV DYRLU /LUH OD VXLWH
/H 3DVVp 'H $VJKDU )DUKDGL qPH VHPDLQH 7RXV OHV MRXUV j K K HW K )UDQFH K
$YHF %pUpQLFH %HMR 7DKDU 5DKLP $OL 0RVDIID
&H ILOP HVW SUpVHQWp HQ &RPSpWLWLRQ DX )HVWLYDO GH &DQQHV $SUqV TXDWUH DQQpHV GH VpSDUDWLRQ $KPDG DUULYH j 3DULV GHSXLV 7pKpUDQ j OD GHPDQGH GH 0DULH VRQ pSRXVH IUDQoDLVH SRXU SURFpGHU DX[ IRUPDOLWpV GH OHXU GLYRUFH /RUV GH VRQ EUHI VpMRXU $KPDG /LUH OD VXLWH
2K %R\ 'H -DQ 2OH *HUVWHU ([FOXVLYLWp HQ VRUWLH QDWLRQDOH 3UHPLqUH VHPDLQH 7RXV OHV MRXUV j K HW K DOOHPDJQH K 92 67) $YHF 7RP 6FKLOOLQJ )ULHGHULNH .HPSWHU 0DUF +RVHPDQQ
1LNR %HUOLQRLV SUHVTXH WUHQWHQDLUH pWHUQHO pWXGLDQW HW UrYHXU LQFRUULJLEOH V¶DSSUrWH j YLYUH OHV YLQJW TXDWUH KHXUHV OHV SOXV WXPXOWXHXVHV GH VRQ H[LVWHQFH VD FRSLQH VH ODVVH GH VHV LQGpFLVLRQV VRQ SqUH OXL FRXSH OHV YLYUHV HW XQ SV\FKRORJXH OH GpFODUH © /LUH OD VXLWH
6XJDU 0DQ 'H 0DOLN %HQGMHOORXO qPH VHPDLQH 7RXV OHV MRXUV j K *UDQGH %UHWDJQH 6XqGH K 92 67) $YHF 6L[WR 'tD] 5RGUtJXH] 6WHSKHQ 6HJHUPDQ 'HQQLV &RIIH\
$X GpEXW GHV DQQpHV 6L[WR 5RGULJXH] HQUHJLVWUH GHX[ DOEXPV VXU XQ ODEHO GH 0RWRZQ & HVW XQ pFKHF j WHO SRLQW TX¶RQ UDFRQWH TX¶LO VH VHUDLW VXLFLGp VXU VFqQH 3OXV SHUVRQQH Q¶HQWHQGLW SDUOHU GH 5RGULJXH] 6DXI HQ $IULTXH GX 6XG R VDQV TX¶LO OH /LUH OD VXLWH