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5JBOB t - "KVOUBNFOU EF 5JBOB IB FMBCPSBU VO DBUËMFH BNC UPUT FMT QBSDT J FTQBJT WFSET RVF UÏ BM NVOJDJQJ - PCKFDUJV EFM EPDVNFOU RVF ÏT FM OVDMJ EFM QMB EF QBSDT J KBSEOT EF 5JBOB ÏT EFUFS NJOBS FMT QPTTJCMFT VTPT EFMT FTQBJT QÞCMJDT QFS BKVTUBS MPT B MFT OFDFTTJUBUT EFMT UJB OFODT &O UPUBM T IBO FUJRVF UBU VOB TFOUBOUFOB E FTQBJT
FOUSF QBSDT KBSEJOT J [POFT FOKBSEJOBEFT "NC BRVFTU QMB UBNCÏ FT EFmOFJY FM UJQVT EF NBOUFOJNFOU RVF OFDFTTJ UFO BRVFTUT JOESFUT TPCSFUPU QFM RVF GB B MB OFUFKB J BM GFU E BDPOTFHVJS MB JOUFHSBDJØ EFM QBSD FO M FOUPSO - FMBCPSBDJØ E BRVFTU QMB IB FTUBU TVC WFODJPOBU QFS MB %JQVUBDJØ EF #BSDFMPOB BNC VOB QBSUJEB EF FVSPT
7DPEÉ ÉV QRWÍFLD *NQVUFO VOB USFOUFOB EF QFSTPOFT QFS UJOFOÎB EF ESPHVFT J BSNFT EF UBMM B #BEBMPOB
%FUFOFO B #BEBMPOB VO &M QFBUHF EF .BUBSØ B KPWF RVF UFOJB VO RVJMP .POUHBU T JODSFNFOUB B E IBJYJY BNBHBU FO VO FVSPT SBEJPDBTTFU
&GFDUJVT EF MB (VËSEJB 6SCBOB J EFMT .PTTPT E &TRVBESB WBO JNQVUBS VO UPUBM EF QFSTPOFT QFS UJOFOÎB E IBJYJY DPDBÕOB J NBSJIVBOB J QFS UJOFOÎB E BSNFT EF UBMM 5BNCÏ IP WBO GFS QFS MB WFOEB EF QSPEVDUFT GBMTJmDBUT 5PU QMFHBU WB TFS FO VOB PQFSB DJØ DPOKVOUB EFMT EPT DPTTPT QP MJDJBMT RVF T IB GFU BRVFTU /BEBM B TFU[F CBST EF #BEBMPOB
-B (VËSEJB 6SCBOB EF #BEB MPOB WB DPNJTTBS MB TFUNBOB QBTTBEB OPV CBSSFT E IBJYJY E F HS BN T D BE BT D VOB RVF VO IPNF EF BOZT J EF OBDJPOBMJUBU NBSSPRVJOB UFOJB BNBHBEFT EBSSFSF EFM SBEJPDBTTFU EFM TFV WFIJDMF &M KPWF FT USPCBWB B M FOUPSO EF MB QMBÎB EFMT .ÞTJDT EFM CBSSJ EF MB 1BV
727 %DGDORQD
"DUVBMJUBU JOEE
&M QFBUHF BM USBN EF M BVUPQJTUB $ EF .POUHBU B .BUBSØ T IB BQVKBU KB E B FVSPT NFOUSF RVF FM USBN FOUSF .B UBSØ B 1BMBGPMMT QBTTB EF B FVSPT "RVFTU BVHNFOU FT USBEVFJY FO VO BVHNFOU EFM EF NJUKBOB TJ CÏ QFS BM HSVQ EF UVSJTNFT J NPUPDJDMFUFT T FMFWB mOT BM
RSLQLÓ
DPE YHX SUÒSLD 6O QSPCMFNB QFM DFOUSF P QFS #BEBMPOB
"SB WVMM TPNJBS B TFS QFUJU
0SJPM -MBEØ CMPDT NFTWJMBXFC DBU BMCVNEFSFUBMMT PSJPMMMBEP DBU
-PSFO[P .FSDIÈO MPSFO[PNFSDIBOHPO[BMF[ CMPHTQPU DPN
4 BQBHB MB NËHJB EFM DJOFNB BM DFOUSF EF #BEB MPOB EJVFO MB HFOU EF 5IF $SZQUT UIFDSZQUT PSH RVF GB VOT EJFT WBO NVOUBS VO GVOFSBM TJNCÛMJD QFS SFDPSEBS M ÞMUJNB TBMB EF DJOFNB EFM OVDMJ IJTUÛSJD EF MB DJVUBU FMT SFGFSFODJBMT 1JDBSPM RVF BRVFTU EFTFNCSF IB GFU M ÞMUJNB TFTTJØ .ËHJB ÏT BJYÓ NBUFJY NËHJB RVF T BQBHB DPN MB nBNB E VOB FTQFMNB TPMJUËSJB 6OB TBMB EF DJOFNB NBJ ÏT OPNÏT VOB TBMB EF DJOFNB &O MB GPTDPS QSÒWJB BM DPNFOÎBNFOU EF MB QFMtMÓDVMB BnPSB VO VOJWFST QBSBMtMFM RVF OP QFS JOUBOHJCMF ÏT NFOZT QPUFOU &O VOB TBMB EF DJOFNB WJBUHFT NPST U FOBNPSFT SJVT QMPSFT GVHFT USPCFT ²T QFS BJYÛ RVF FT GB VO GVOFSBM OP FT GB VOB NBOJGFTUBDJØ OJ VOB PDVQBDJØ UBNQPD T IB EFNBOBU MB QBSBVMB BM QMF NVOJDJQBM ²T VO GVOFSBM RVF ÏT FM RVF FT GB RVBO TF O WB VO ÏTTFS FTUJNBU -B QFOB ÏT HSFV J IP ÏT FTQFDJBMNFOU QFS RVÒ MB DVMQB ÏT EJGVTB J BRVFTUFT KB FT WFV TØO MFT QJUKPST DVMQFT ²T SFTQPOTBCJMJUBU EF M "KVOUBNFOU )P ÏT QFS MB GBMUB EF MJEFSBUHF MB JOFYJTUFOU JNBHJ OBDJØ B M IPSB EF QMBOJmDBS MB DVMUVSB FO VO TFOUJU HMPCBM J IP ÏT mOBMNFOU QFS MB UBMPTB DBQBDJUBU RVF FMT TVDDFTTJVT FRVJQT EF HPWFSO IBO UJOHVU QFS HFOFSBS DPNQMJDJUBUT BNC MB EÒCJM JOEÞTUSJB DVMUVSBM MPDBM ²T SFTQPOTBCJMJUBU EF M FNQSFTB QSPQJFUËSJB EFM DJOFNB 4J DMBS QFS OP TBCFS TF SFDJDMBS QFS UFOJS VOB QSPHSBNBDJØ FSSËUJDB QFS OP TBCFS FOUFOESF FM NFSDBU RVF BWVJ EJGFSFODJB FMT DJOFNFT EF DJVUBU BNC VOB PGFSUB FTQFDJBMJU[BEB FODBNJOBUT B VO QÞCMJD OP BEPMFTDFOU EFMT EF DFOUSF DPNFSDJBM PO FT DPNCJOB M ÞMUJNB FYQMPTJØ EF 7JO %JFTFM BNC MFT DSJTQFUFT NÏT TBUVSBEFT 1FSÛ IJ IB NÏT SBPOT OBUVSBMNFOU )J IB RVJ EJV RVF IBO DBOWJBU FMT IËCJUT DVMUVSBMT RVJOB HSBO OPUÓDJB OP VT TFNCMB IJ IB RVJ EJV RVF #BEBMPOB OP ÏT #BSDFMPOB J RVF OP FT QPU QSFUFOESF UFOJS VOT 7FSEJ B MB QMBÎB EF MB 7JMB UBNQPD QBSMFN E BJYÛ FYBDUBNFOU IJ IB RVJ EJV RVF FM UBODBNFOU EFMT 1JDBSPM ÏT VOB DPOTFRàÒODJB NÏT EF MB DSJTJ EFM DBSSFS EF .BS J WPMUBOUT 4ØO FMFNFOUT QSFTFOUT BM DPDLUBJM E BDPSE J DBM WBMPSBS MPT UBONBUFJY DBM WFVSF MT DPN FMT DPOEJDJPOBOUT BNC FMT RVBMT DBM USFCBMMBS OP DPN MFT SBPOT EFM GSBDËT 4 BQBHB MB NËHJB EFM DJOFNB BM DFOUSF EF #BEB MPOB QFSÛ ÏT NÏT RVF BJYÛ &M QSPCMFNB OP ÏT OPNÏT EFM ADFOUSF TJOØ EF MB DJVUBU " QBSUJS EF EFNË #BEBMPOB KB OP UJOESË DJOFNFT EF DJVUBU TJOØ EF DFOUSF DPNFSDJBM * BRVFTUB OP ÏT VOB EJGFSÒODJB NFOPS QFSRVÒ BRVFTU EBSSFS UJQVT EF DJOFNB OP UÏ MB NBUFJYB DBQBDJUBU EF TVNBS J HFOFSBS WJODMFT "RVFTUT DJOFNFT OP GBO DJVUBU "RVFTUB ÏT MB NBMB OPUÓDJB /P ÏT FM ADFOUSF RVF QFSE FM DJOFNB ÏT #BEBMPOB
0QJOJP JOEE
5JOD BOZT J GB QPD WBJH FTUBS WFJFOU QFS MB 5FMF WJTJØ EF #BEBMPOB VO EFCBU PO VOT OFOT FOUSFWJT UBWFO B M BMDBMEF " NJ N IBHVÏT BHSBEBU BTTJTUJS QFS B QSPQPTBS MJ RVF DPOTUSVÓT VO QBSD DPN FM EF .BMHSBU EF .BS RVF ÏT FM NJMMPS RVF KP IF WJTJUBU NBJ J RVF FT EJV 'SBODFTD .BDJË " BRVFTU QBSD FT QPU BDDFEJS WJTJUBOU VOB FTQÒDJF EF UPSSF NPMU BMUB J NPMU CPOJDB GFUB BNC NBUFSJBMT NPMU WJTUPTPT EFT E PO FT QPU WFVSF CPOB QBSU EF .BMHSBU " USBWÏT E VOB EF MFT FOUSBEFT USPCFT MB [POB QPMJFTQPSUJWB BNC VO DBNQ EF GVUCPM TBMB J EF CËTRVFU BMUSF EF CPMFZ USFT UBVMFT EF QJOH QPOH EF DJNFOU J FM NJMMPS EF UPU VOB QJTUB EF TLBUF BNC TVQFSGÓDJFT MMJTDBOUT NJOJ CBSBOFT PCTUBDMFT J SBNQFT QFS B EPOBS TBMUT 4J TFHVFJYFT QBTTFKBOU QPUT WFVSF RVBUSF DBNQT EF QFUBODB EF TPSSB BNC FMT TFVT NBSDBEPST CBODT QFS B BTTFVSF T J WJOU FTUSVDUVSFT NFUËMtMJRVFT PO TVCKFDUBS MFT CJDJDMFUFT 6O NJDB NÏT FOEBWBOU IJ IB VO BNm UFBUSF BNC DBQBDJUBU QFS B VO NVOU EF HFOU JEFBM QFS B DFMFCSBS GFTUFT QPQVMBST J VO EFMT NVST FTUË EFDPSBU QFS HSBmUJT BVUPSJU[BUT )J IB BSCSFT J QMBOUFT QFS BSSFV BNC FMT OPNT EF MFT FTQÒDJFT J NPMUFT [POFT EF QÓDOJD RVF EJTQP TFO EF CBODT J UBVMFT EF GVTUB QFS B RVFEBS TF B NFOKBS KB RVF QPUT SFDJDMBS MB CSPTTB FO VO FTQBJ BNC TFU DPOUFOJEPST /P GBMUFO EPT MBWBCPT QFS GFDUBNFOU DVJEBUT &O MB QBSU DFOUSBM QPUT MMBOÎBS UF FO UJSPMJOB P SFDØSSFS VOB iNJOJ DJVUBUw BNC SBNQFT J QMBUBGPSNFT EF DPSEB J GVTUB 1FS BMT NÏT QFUJUT IBO QPTBU EJGFSFOUT UJQVT EF HSPOYBEPST BNC GPSNFT E BOJNBMT SPEFT DPSEFT BMUSFT BNC FGFDUFT WJTVBMT P USPODT NÛCJMT 5BNCÏ IJ IB DBNJOT QFS B USFQJUKBS QMBUBGPSNFT BNC TPOT EJGFSFOUT BMUSFT BNC GPSNB E BOUFOB QBSBCÛMJDB J mOT B VOB TFSQ EF GVTUB EF USFT DBQT 1FSÛ FM NÏT FTQFDUBDVMBS J RVF NBJ TF U PCMJEB ÏT MB [POB BNC PCKFDUFT B FTDBMB HFHBOU EF DPMPST EJWFSUJUT PO QPUT KVHBS J GFS UF GPUPHSBmFT GPSNBEB QFS VOB NBRVJOFUB E BmMBS MMBQJT USFT HPNFT .*-"/ DJOD DVCT BNC MMFUSFT DJOD MMBQJTPT VO USFO EF GVTUB VOB DBTFUB EF MMBNJOBEVSFT VOB BMUSB GFUB BNC VOB TBCBUJMMB E FTQPSU J EF TPTUSF VO MMJCSF PCFSU BMUSFT EVFT FO GPSNB EF CPMFUT EVFT NBSHBSJEFT VO nBN VOB NBHEBMFOB VO DSPJTTBOU VO EPOVU EF YPDPMBUB J VO QBTUJTTFU "M mOBM EFM QBSD EFTQSÏT EF DSFVBS BMHVOB RVF BMUSB QBTTBSFMtMB EF DPSEFT J EFTQFOKBS UF QFS BMUSB UJSPMJOB FT QPU TPSUJS QFS TPUB E VO JNQSFTTJPOBOU DBTUFMM /P TÏ RVBOUT EJOFST WBMESJB GFS VO QBSD BJYÓ QFSÛ TJ KP GPT M BMDBMEF OP IP EVCUBSJB QFSRVÒ WJOESJB NPMUB HFOU B WFVSF M 4FSJB FM NFV TPNOJ GFU SFBMJUBU
727 %DGDORQD
3(3 9(1785$
6,675(//6
&(175( $SDUWDPHQWR (VWXGLR P HQ & 35,0 KDE FRFLQD HTXLSDGD ¿QFD SRFRV YHFLQRV FRQ DVFHQVRU 683(5 =21$ ¼ 376
3LVR FRQ KDE 727$/ 0(17( 5()250$'2 GXFKD FRQ KLGURPDVDMH FDOHIDF \ D D SDUNHW DOWXUD UHDO ¼ 376
3LVR HQ %$55, 0$15(6$ FRQ KDE /,672 3$5$ 9,9,5 DPXHEODGR LGHDO SDUHMDV ¼ 376
3LVR P \ KDE ),1&$ &21 $6&(1625 EDxR \ FRFLQD UHIRU PDGRV VDOyQ F VDOLGD D EDOFyQ SDUNHW /,672 3$5$ (175$5 $ 9,9,5 ¼ 376
%$/'20(5 62/¬
&$1<$'Ï
%8)$/¬ 3LVR HQ '5 52%(57 FRQ KDE ,'($/ 3$5(-$6 WHUUD]D DLUH IUtR FDORU 5()250$'2 ]RQD UHFUHDWLYD FRPXQLWDULD ¼ 376
2)(57$ 3LVR $ 5()25 0$5 $ 68 *8672 KDELWDFLRQHV \ P SRFRV YHFLQRV %,(1 &2081,&$'2 ¼ 376
-72 $/& ;,)5e
672 &5,672
3LVR FRQ KDE 727$/ 0(17( 5()250$'2 VDOyQ FRQ VDOLGD D EDOFyQ DLUH IUtR FDORU ,'($/ 3$5(-$6 ¼ 376
-8172 3/$<$
3LVR 72'2 (;7(5,25 FRQ KDE GREOHV SUHFLVD DUUHJORV DOWXUD UHDO ELHQ FRPXQLFDGR MXQWR P! 3HS 9HQWXUD ¼ 376
3(3 9(1785$
È7,&2 P WHUUD]D 72'2 (;7(5,25 KDE FDOH IDF SDUNHW \ JUHV OLVWR SDUD YLYLU ¼ 376
3LVR KDE GREOHV H[W FRFLQD \ EDxR UHIRUP VDOyQ FRQ EDOFyQ %,(1 &2081,&$'2 FDOHI \ D D ,'($/ 3$5(-$6 ¼ 376
//(),¬
&(175(
3LVR $/72 < &21 $6&(1625 MXQWR PHUFDGR KDE VDOyQ LQGHSHQGLHQWH SDUNHW \ JUHV /,672 3$5$ 9,9,5 ¼ 376
3LVR 72'2 (;7(5,25 FRQ KDELWDFLRQHV DQWHV JUDQ VDOyQ HQ DPELHQWHV EDOFyQ ¿QFD FRQ DVFHQVRU ¼ 376
//25('$ 3LVR 72'2 (;7(5,25 KDE GREOHV 5()250$'2 EDOFyQ D FDOOH FDOHIDF \ D D DOWR \ FRQ DVFHQVRU 2&$6,Ï1 ¼ 376
%8)$/¬ 3LVR FRQ ]RQD GHSRUWLYD \ UHFUHD WLYD FRPXQLWDULD KDE ),1&$ &21 $6&(1625 EDOFyQ D OD FDOOH FDOHIDF \ DLUH DFRQG /,672 3$5$ 9,9,5 ¼ 376
3LVR P KDE 727$/0 5()250$'2 VDOyQ P F VDOLGD D EDOFyQ SDUNHW FDOHIDF D D DVF ,03(&$%/( /,672 3$5$ (175$5 ¼ 376
%8)$/¬
35(0,¬ '( 0$5
)5217 0$5Ë7,0
'Ò3/(; $ (675(1$5 P 7(55$=$ P KDE GREOHV FDOHIDF ]RQD FRPXQLWDULD FRQ SLVFLQD 2&$6,Ï1 ¼ 376
727 %DGDORQD
'03."5 /06 JOEE
/$ &215(5Ë$ &DVD D YLHQWRV FRQ SDUFHOD P YLYLHQGD FRQ KDE GREOHV 5()250$'$ SRVLEOH KDFHU SLVFLQD \ DPSOLDU HGL¿FDFLyQ 2&$6,Ï1 ¼ 376
&(175(
%8)$/¬
3LVR HQ & 35,0 FRQ P \ KDE ¿QFD FRQ DVFHQVRU FDOHIDF PXFKDV SRVLELOLGDGHV Ò1,&2 (1 /$ =21$ ¼ 376
&(175( 3LVR P KDE -72 3$548( &$1 62/(, EDxR \ DVHR VDOyQ P FRQ EDOFyQ ELHQ RULHQWDGR ¿QFD FRQ DVFHQVRU ¼ 376
3LVR P KDE 727$/ 0(17( 5()250$'2 EDOFyQ FDOHIDF DLUH DFRQG $6&(1625 SDUNHW \ JUHV ,03(&$%/( ¼ 376
0217,*$/¬
&DVD P HQ 3/$17$ %$-$ FRQ MDUGtQ P $ 9,(1726 KDE \ EDxRV /,67$ 3$5$ 9,9,5 ¼ 376
/$ 3/$1$
&$1<$'Ï 3LVR 72'2 (;7(5,25 KDE FRFLQD \ EDxR VDOyQ FRQ VDOLGD D EDOFyQ 08< 62/($'2 DOWR \ FRQ DVFHQVRU ¼ 376
%8)$/¬
'83/(; 2%5$ 18(9$ &21 7(55$=$ P KDE \ EDxRV VDOyQ DFULVWDODGR FRQ EDOFyQ SDUNLQJ LQFOXLGR DVFHQVRU $ (675(1$5 ¼ 376
È7,&2 P P HQ WHUUD]DV 72'2 (;7(5,25 KDE GREOHV WRWDOPHQWH UHI /,672 3$5$ 9,9,5 YLVWDV D PDU \ PRQWDxD ¼ 376
//(),¬ %$-$
'83/(; P WHUUD]D P KDE GREOHV 5()25 0$'2 DLUH DFRQGLF IUtR FDORU ,'($/ 3$5$ )$0,/,$6 ¼ 376
3(3 9(1785$
'83/(; GH P 7(55$=$6 KDELWDFLRQHV EDxRV JUDQ VDOyQ FDOHIDFFLyQ DVFHQVRU 62/($'2 ¼ 376 /$ 025(5$
%DMRV P -$5'Ë1 P KDE VXLWWH FDOHIDF EDUEDFRD ¿QFD 32&26 $f26 WRGR H[WHULRU ¼ 376
&$6$ GH P -$5',1 GH P 7(55$=$ P KDE EDxR DVHRV 72'$ (;7(5,25 08< &216(59$'$ ¼ 376
DFWXDOLWDW
3ROÍWLFD #BEBMPOB KB UÏ MB MMJTUB EF QSPKFDUFT FO RVÒ HBTUBSË FMT BKVUT EFM (PWFSO $FOUSBM
t $BO $BCBOZFT VO EFMT FTQBJT RVF FT CFOFmDJBSË EFMT NJMJPOT EFM (PWFSO $FOUSBM
-B +VOUB EF (PWFSO -PDBM FT WB SFVOJS B mOBMT EFM NFT BOUFSJPS QFS EPOBS FMT ÞMUJNT SFUPDT B MB MMJTUB EF QSPKFDUFT RVF #BEBMPOB WPM UJSBS FOEBWBOU BNC FMT NJMJPOT RVF IB EPOBU B MB DJVUBU FM (PWFSO QSFTJEJU QFS +PTÏ -VÓT 3PESÓHVF[ ;BQBUFSP 5FOJOU FO DPNQUF FMT SFRVJTJUT RVF FT EFNBOFO IBO EF TFS QSPKFDUFT E VO BOZ EF EVSBEB RVF T IBO EF QSFTFOUBS BCBOT EFM EF HFOFS M FRVJQ EF HPWFSO IB GFU VO MMJTUBU EF QSPKFDUFT "RVFTUFT PCSFT UFOFO VO DPTU EF NÏT EF NJMJPOT E FVSPT J EPOBSBO GFJOB B QFSTPOFT &M (PWFSO NVOJDJQBM QFSÛ UÏ QSFWJTU GFS VOB TFHPOB MMJTUB PO FTQFSB BQSPGJUBS FMT NJMJP
BRVFTUT QSPKFDUFT 'BMDØ EFTUB DB MB SFNPEFMBDJØ EF $BO 1F QVT $BO .JSBWJUHFT $BO $B CBOZFT J FM 1SJODJQBM &M 1SJNFS 5JOFOU E "MDBMEF FYQMJDB RVF iUBNCÏ T BDBCBSBO MFT HPUFSFT J E BMUSFT QSPCMFNFTw BMT QBWFMMP OT EF $BTBHFNFT EF MB 1MBOB P EF -MFmË 5BNCÏ T BSSFHMBSBO DBSSFST J QMBDFT B -MFmË B MB 4BMVU B $BTBHFNFT %BMU MB 7JMB $PMM J 1VKPM -B .PSB 4BOU 3PD #VGBMË $BO $MBSJT 3BWBM FM 1SPHSÏT J FM (PSH 1FM RVF GB MFT FTDPMFT iT BDUVBSË TJHOJm DBUJWBNFOU B UPU VO SFHVJU[FMM E FTDPMFT QÞCMJRVFT EF MB DJV UBUw J iFT GBSBO BDDFTTJCMFTw FM .VTFV J M FOUSBEB EFM 1BSD EF $BO 4PMFJ
OT RVF SFTUFO EFMT EF RVÒ EJTQPTFO
1SPKFDUFT B UPUT FMT CBSSJT &M HPWFSO NVOJDJQBM OP IB GFU QÞCMJDB EF GPSNB PmDJBM MB MMJT UB EFMT QSPKFDUFT UPU J RVF EF NPNFOU TF TBQ RVF OP IJ TFSË MB SFNPEFMBDJØ EFM NFSDBU .BJHOPO 4FHPOT FYQMJDB FO FM TFV CMPD B JOUFSOFU FM 1SJNFS 5J OFOU E "MDBMEF EF M "KVOUBNFOU EF #BEBMPOB FM DPOWFSHFOU 'FSSBO 'BMDØ FMT EJOFST iGBSBO QPTTJCMF NPMUT QSPKFDUFT VOB DJORVBOUFOB B NÏT E BMUSFT RVF FTQFSBWFO mOBOÎBNFOU J OP WBO QPEFS UFOJS MP RVBO WËSFN BDPS EBS FM QSJNFS EFMT QSFTTVQPTUPT NVOJDJQBMT E JOWFSTJPOTw &OUSF
*$7 &6J" QSFTTJPOB "EJG QFSRVÒ QPTJ UFSNJOJ B MFT PCSFT EF FTUBDJØ &M QSFTJEFOU EFM HSVQ NVOJDJQBM E *$7 &6J" B #BEBMPOB $BS MFT 4BHVÏT IB BESFÎBU VOB DBSUB BM EJSFDUPS E "EJG #BSDF MPOB QFS EFNBOBS JOGPSNBDJØ TPCSF RVBO FT DPODSFUBSBO MFT PCSFT RVF T IBO E FYFDVUBS B M FTUBDJØ EF 3FOGF EF #BEBMPOB J RVF GBSBO RVF TJHVJ BDDFTTJCMF B MFT QFSTPOFT BNC NPCJMJUBU SFEVÕEB 4BHVÏT SFDPSEB RVF
1PMÓUJDB JOEE
iMB DPBMJDJØ *$7 &6J" GB UFNQT RVF FTUFN EFNBOBOU FM NJMMP SBNFOU EF M BDDFTTJCJMJUBUw J FO BRVFTU TFOUJU FMT FDPTPDJBMJT UFT WPMFO RVF BRVFTUT USFCBMMT UJOHVJO FO DPNQUF MB DPOOFYJØ BNC M BQBSDBNFOU EF MB QMBUKB M IBCJMJUBDJØ E BTDFOTPST J M BDDÏT BMT DPNCPJT RVF QBTTFO QFS #BEBMPOB 4FHPOT FM .JOJTUFSJ EF 'PNFOU FO VO UFSNJOJ EF
USFT BOZT J BNC VO QSFTTVQPTU EF NJMJPOT E FVSPT FT NJ MMPSBSBO DJORVBOUB FTUBDJPOT EF $BUBMVOZB FOUSF FMMFT MB EF #BEBMPOB &M EFMFHBU EFM (PWFSO $FOUSBM B $BUBMVOZB +PBO 3BO HFM IB FYQMJDBU RVF M PCKFDUJV ÏT GFS FTUBDJPOT NÏT TFHVSFT BNC BOEBOFT NÏT BMUFT QFS BDDFEJS BMT USFOT TFOTF QSPCMFNB J MB JOTUBMtMBDJØ E BTDFOTPST
727 %DGDORQD
&M 1MF BQSPWB FMT QSFTTVQPTUPT TFOTF FM TVQPSU EF M PQPTJDJØ &M 1SFTTVQPTU .VOJDJQBM QFS BM RVF BTDFOEFJY B NÏT EF NJMJPOT E FVSPT T IB BQSPWBU EF NBOFSB JOJDJBM BNC FMT WPUT EF M FRVJQ EF HPWFSO 14$ $J6 J &3$ J FMT WPUT FO DPOUSB EFMT QBSUJUT B M PQPTJDJØ 11 J *$7 &6J" %FT EFM 14$ FM QPSUBWFV J SFHJEPS E )JTFOEB 'SBODFTD 4FSSBOP WB EFGFOTBS RVF FM QSFTTV QPTU QPUFODJBSË M PDVQBDJØ B MB DJVUBU J RVF RVBTJ FM DPSSFTQPO BM TFSWFJ B MFT QFS TPOFT 5BOU EFT EF $J6 DPN EFT E &3$ WBO NBOJGFTUBS TF FO MB NBUFJYB MÓOJB EFTUBDBOU MB iDPIFTJØ TPDJBMw J FM iSJHPS J M BVTUFSJUBUw EFMT OÞNFSPT NV OJDJQBMT FO BRVFTUT UFNQT EF DSJTJ %FT E *$7 &6J" $BSNF .BSUÓOF[ WB FYQMJDBS FM WPU FO DPOUSB EF MB DPBMJDJØ QFS MB GBMUB EF EFUBMMT QFM RVF GB B MFT QSJPSJUBUT QFS GFS GSPOU B MB DSJTJ 4FHPOT .BUÓOF[
DFWXDOLWDW
$BSMFT 5PSOFSP
MB DSJTJ - BMDBMEF +PSEJ 4FSSB WB UBO DBS FM EFCBU BNC VOB EBEB FM OPV QSFTTVQPTU TFHPOT FM CBUMMF TVQPTB VOT FVSPT QFS IBCJUBOU FO TFSWFJT QFSTPOBMT J VOT FVSPT QFS IBCJUBOU FO PCSB QÞCMJDB
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QBH JOEE
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727 %DGDORQD
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QBH JOEE
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