:RYHQ 6WLWFKHG
$IULFDQ LQVSLUHG FRQWHPSRUDU\ GHVLJQ ZZZ VDIDULIXVLRQ FRP DX
,QVSLUHG E\ $IULFD•V EDVNHW ZHDYHUV
:RYHQ 6WLWFKHG )RU FHQWXULHV DUWLVWLF ZHDYLQJ WHFKQLTXHV KDYH SDVVHG IURP RQH $IULFDQ JHQHUDWLRQ WR WKH QH[W IXHOHG E\ WKH QHHG WR VWRUH WR FDUU\ DQG WR WUDQVSRUW 8WLOLWDULDQ E\ GHVLJQ WKHVH JUDVV DQG SDOP ILEUH EDVNHWV DUH QDWXUDO ZRUNV RI DUW ZLWK GLVWLQFWLYH ZRYHQ SDWWHUQV LQGLJHQRXV WR $IULFD•V PDQ\ WULEHV DQG UHJLRQV 2XU QHZ FROOHFWLRQ SUHVHQWV FRORXUIXO XQLTXH DQG IXQFWLRQDO $IULFDQ EDVNHWU\ DW LWV ILQHVW LQ WKH FRQWHPSRUDU\ VW\OH WKDW ZH DUH UHQRZQHG IRU
&RQWHQWV
6ZD]L 9HVVHOV %DVNHWV 7RWHP %DVNHWV 7HOHSKRQH :LUH %RZOV 0DODZL %DVNHWV 7ULEDO )DFHW $IULTXH &XVKLRQV :DONLQJ 6WLFNV &RORQLDO 0HQ $QLPDO 7ULQNHW %R[HV 7ULSROLQD &KDLUV %DPLOHNH 6WRROV
3DJHV
3DJHV
3DJHV
3DJHV
3DJHV
3DJHV
3DJHV
3DJHV
$IULFDQ LQVSLUHG FRQWHPSRUDU\ GHVLJQ ZZZ VDIDULIXVLRQ FRP DX
SDJH
6ZD]L 9HVVHO 8UQ 7KH VWRU\
8WLOLWDULDQ DQG DHVWKHWLFDOO\ SOHDVLQJ $IULFDQ EDVNHWV DUH WUDGLWLRQDOO\ XVHG IRU VWRUDJH DQG WUDQVSRUW 7KH 6ZD]L KLJKODQGV DUH KRPH WR $IULFD V PRVW H[FHSWLRQDO ZRPHQ ZHDYHUV ZKHUH PDWHULDOV JURZ QDWXUDOO\ DQG DUWLVWLF ZHDYLQJ WHFKQLTXHV DUH SDVVHG IURP RQH JHQHUDWLRQ WR WKH QH[W &RLOHG IUHH KDQG ZLWK D JHRPHWULF GHVLJQ FUHDWHG IURP UHFODLPHG ZDVWH IDEULF VZHHW ZUDSSHUV G\HG OXWLQG]L JUDVV DQG VLVDO ILEUHV 6ZD]L 9HVVHO KHLJKW FP _ GLDPHWHU FP 6ZD]L 8UQ KHLJKW FP _ GLDPHWHU FP
ZZZ VDIDULIXVLRQ FRP DX
SDJH
6ZD]L %DVNHW 7KH VWRU\
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
ZZZ VDIDULIXVLRQ FRP DX
SDJH
7RWHP %DVNHW 7KH VWRU\
$ FHQWXULHV ROG FUDIW WUDGLWLRQ $IULFDQ EDVNHWU\ LV ERWK XWLOLWDULDQ DQG DHVWKHWLFDOO\ SOHDVLQJ :LWK JHQHUDWLRQV RI WULEDO NQRZOHGJH FUHDWLYH ZHDYLQJ VNLOOV DQG QDWXUDO UHVRXUFHV =LPEDEZH V ZHDYHUV DUH VRPH RI $IULFD V ILQHVW DUWLVDQV &UHDWHG LQ IRXU VHSDUDWH SLHFHV HDFK SLHFH LV ZRYHQ LQ D GLIIHUHQW VW\OH ZLWK QDWXUDO ,OODOD SDOP ILEUHV DQG VWLWFKHG WRJHWKHU E\ XV (DFK WRWHP LV GHOLEHUDWHO\ ZRQN\ DQG VOLJKWO\ GLIIHUHQW %ODFN :KLWH VWLWFKLQJ _ %OXH *UH\ 3LQN VWLWFKLQJ KHLJKW FP _ GLDPHWHU FP
ZZZ VDIDULIXVLRQ FRP DX
SDJH
7HOHSKRQH :LUH %RZO 7KH VWRU\
7UDGLWLRQDO ,ODOD 3DOP ZHDYLQJ WHFKQLTXHV RI WKH =XOX SHRSOH LV WKH LQVSLUDWLRQ IRU RXU EULJKWO\ FRORXUHG DQG FRQWHPSRUDU\ $IULFDQ WHOHSKRQH ZLUH ERZOV :RYHQ LQ D JHRPHWULF GHVLJQ XVLQJ WKLQ FRORXUHG WHOHSKRQH ZLUH WKH VKDSH LV IRUPHG XVLQJ D URXQG REMHFW $TXD _ &LWURQ _ 0DJHQWD 7HOHSKRQH :LUH :DYH %RZO GLDPHWHU FP _ KHLJKW FP 7HOHSKRQH :LUH 6WULSH %RZO GLDPHWHU FP _ KHLJKW FP
ZZZ VDIDULIXVLRQ FRP DX
SDJH
0DODZL %DVNHW 7KH VWRU\
$ FHQWXULHV ROG FUDIW WUDGLWLRQ $IULFDQ EDVNHWU\ LV ERWK XWLOLWDULDQ DQG DHVWKHWLFDOO\ SOHDVLQJ :LWK JHQHUDWLRQV RI WULEDO NQRZOHGJH DUWLVWLF ZHDYLQJ VNLOOV DQG QDWXUDO UHVRXUFHV 0DODZLDQ ZHDYHUV DUH VRPH RI $IULFD V ILQHVW FUDIWVPHQ &UHDWHG XVLQJ DQ RSHQ ZHDYH WHFKQLTXH WKH EDVNHW LV FRLOHG IUHH KDQG ZLWK QDWXUDO DQG G\HG SDOP ILEUHV 6PDOO _ GLDPHWHU FP _ KHLJKW FP /DUJH _ GLDPHWHU FP _ KHLJKW FP
ZZZ VDIDULIXVLRQ FRP DX
SDJH
$IULTXH &XVKLRQ 7KH VWRU\
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
ZZZ VDIDULIXVLRQ FRP DX
SDJH
7ULEDO )DFHW &XVKLRQ 7KH VWRU\
)UDFWDOV >D SDWWHUQ WKDW UHSHDWV LWVHOI DW GLIIHUHQW VFDOHV@ DQG JHRPHWULF VKDSHV KDYH EHHQ XVHG IRU FHQWXULHV LQ $IULFD WR GHVLJQ WH[WLOHV VFXOSWXUHV DUFKLWHFWXUH KDLU DQG PRUH $ VLPSOH VKDSH UHSHDWHG EHFRPHV D VWULNLQJ ZRUN RI DUW 6FUHHQ SULQWHG RQWR ZKLWH FRWWRQ OLQHQ EOHQG IDEULF WKH GHVLJQ IHDWXUHV RQ ERWK VLGHV 7KH FXVKLRQ KDV D FRQFHDOHG EDVH ]LS DQG LQFOXGHV D IHDWKHU LQVHUW 7ULEDO _ )DFHW %ODFN _ +DUYHVW ZLGWK FP _ KHLJKW FP
ZZZ VDIDULIXVLRQ FRP DX
SDJH
0RJZDQH :DONLQJ 6WLFN 7KH VWRU\
7UHH EUDQFK ZDONLQJ VWLFNV KDYH EHHQ XVHG IRU FHQWXULHV E\ $IULFDQ WULEHV (DFK ZDONLQJ VWLFN LV DV LQGLYLGXDO DV LWV RZQHU ZLWK GHVLJQ YDU\LQJ IURP VLPSOH QDWXUDO IRUP WR RUQDWHO\ FDUYHG GHWDLO +DQGFUDIWHG IURP :KLWH 5DLVLQ WLPEHU >7VZDQD 0RJZDQH ZRRG@ DQG GHFRUDWHG ZLWK HPEURLGHU\ WKUHDG DQG ZKLWH SDLQW EDQGV EODFN ZKLWH VW\OH RQO\ %ODFN :KLWH _ *UHHQ 2UDQJH 2UFKLG OHQJWK FP _ GLDPHWHU FP
ZZZ VDIDULIXVLRQ FRP DX
SDJH
&RORQLDO 0DQ 7KH VWRU\
$OVR NQRZQ DV FRORQV >)UHQFK IRU FRORQLDO@ WKHVH TXLUN\ ILJXULQHV EHFDPH SRSXODU SRVW FRORQLDO UXOH GXULQJ WKH ODWH V $V IRUHLJQ DGPLQLVWUDWRUV DQG H[SDWULDWHV EHJDQ GHSDUWLQJ WKH\ FRPPLVVLRQHG SRUWUDLWV RI WKHLU YRFDWLRQ DV D VRXYHQLU &UDIWHG IURP D VLQJOH SLHFH RI WLPEHU DQG SDLQWHG HDFK ZRRGHQ GROO UHSUHVHQWV D SURIHVVLRQ 'RFWRU VROGLHU SULHVW EXVLQHVV PDQ HDFK VWDWXH LV D XQLTXH SLHFH %OXH _ <HOORZ _ :KLWH KHLJKW FP _ FP
ZZZ VDIDULIXVLRQ FRP DX
SDJH
$QLPDO 7ULQNHW %R[ 7KH VWRU\
$IULFDQ VFXOSWXUH LV WUDGLWLRQDOO\ FUDIWHG IURP ZRRG DQG RWKHU RUJDQLF PDWHULDOV 7RGD\ WKLV FHQWXULHV ROG DUW IRUP LV SUROLILF WKURXJKRXW WKH FRQWLQHQW ZLWK QHDUO\ HYHU\ URDGVLGH DQG PDUNHW VHOOLQJ WULEDO VW\OH ZRRG FDUYHG FXULRV +DQG FDUYHG IURP VXVWDLQDEOH ZRRG >DYRFDGR SHDU DQG PDQJR ZRRG@ WKHVH XS VLGH GRZQ $IULFDQ DQLPDOV DUH FDUYHG KROORZ ZLWK D OLG DQG ILQLVKHG ZLWK EULJKW SDLQW (OHSDKQW _ *LUDIIH _ 5KLQR *UH\ _ 0DJHQWD _ <HOORZ OHQJWK FP _ KHLJKW FP _ ZLGWK FP
ZZZ VDIDULIXVLRQ FRP DX
SDJH
7ULSROLQD &KDLU 7KH VWRU\
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
ZZZ VDIDULIXVLRQ FRP DX
SDJH
%DPLOHNH 6WRRO 7DEOH 7KH VWRU\
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
ZZZ VDIDULIXVLRQ FRP DX
6DIDUL )XVLRQ
32 %R[ :DWWOHWUHH 5RDG 3RVW 2IILFH 0DOYHUQ (DVW 9,& $XVWUDOLD $%1 ( FRQWDFW#VDIDULIXVLRQ FRP DX 7
7R YLHZ RXU FROOHFWLRQ YLVLW RXU RQOLQH 6DIDUL 6WRUH
ZZZ VDIDULIXVLRQ FRP DX
3KRWRJUDSKHU 0LNH %DNHU _ 6W\OLVW +HDWKHU 1HWWH .LQJ
m 6DIDUL )XVLRQ $OO ULJKWV UHVHUYHG