GE PVM2170SRSS User manual

,QVWDOODWLRQ
,QVWUXFWLRQV

4XHVWLRQV"&DOO*(&$5(6RU9LVLWRXU:HEVLWHDW*($SSOLDQFHVFRP
5($'&$5()8//<
.((37+(6(,16758&7,216
5HDGWKHVHLQVWUXFWLRQVFRPSOHWHO\DQGFDUHIXOO\
,03257$17²6DYHWKHVH
LQVWUXFWLRQVIRUORFDOLQVSHFWRU·VXVH
,03257$17²2EVHUYHDOO
JRYHUQLQJFRGHVDQGRUGLQDQFHV
 1RWHWR,QVWDOOHU²%HVXUHWROHDYHWKHVH
LQVWUXFWLRQVZLWKWKH&RQVXPHU
%()25(<28%(*,1
 1RWHWR&RQVXPHU².HHSWKHVHLQVWUXFWLRQV
IRUIXWXUHUHIHUHQFH
 6NLOOOHYHO²,QVWDOODWLRQRIWKLVDSSOLDQFHUHTXLUHVEDVLF
PHFKDQLFDODQGHOHFWULFDOVNLOOV
 3URSHULQVWDOODWLRQLVWKHUHVSRQVLELOLW\RIWKHLQVWDOOHU
 3URGXFWIDLOXUHGXHWRLPSURSHULQVWDOODWLRQLVQRW
FRYHUHGXQGHUWKH:DUUDQW\
$ERYHWKH
&RRNWRS2YHQ
/$6(&&,Ï1(1(63$f2/
(03,(=$(1/$3È*,1$
-90-10'90390
310DQG390

*(


5HFLUFXODWLQJ²
$WWDFK0RXQWLQJ3ODWHWR:DOO
3UHSDUDWLRQRI7RS&DELQHW
$GDSWLQJ%ORZHU
  IRU5HFLUFXODWLRQ
0RXQWWKH2YHQ
,QVWDOOLQJWKH&KDUFRDO)LOWHU
%HIRUH<RX8VH<RXU2YHQ
&217(176
*HQHUDOLQIRUPDWLRQ
,PSRUWDQW6DIHW\,QVWUXFWLRQV
(OHFWULFDO5HTXLUHPHQWV
+RRG([KDXVW
'DPDJH²6KLSPHQW,QVWDOODWLRQ
3DUWV,QFOXGHG
7RROV<RX:LOO1HHG
0RXQWLQJ6SDFH
6WHSE\VWHSLQVWDOODWLRQJXLGH
3ODFHPHQWRI0RXQWLQJ3ODWH ²
5HPRYLQJWKH0RXQWLQJ3ODWH
)LQGLQJWKH:DOO6WXGV
'HWHUPLQLQJ:DOO3ODWH/RFDWLRQ
$OLJQLQJWKH:DOO3ODWH
,QVWDOODWLRQ7\SHV ²
2XWVLGH7RS([KDXVW ²
$WWDFK0RXQWLQJ3ODWHWR:DOO
3UHSDUDWLRQRI7RS&DELQHW
$VVHPEOHDQG,QVWDOO$GDSWRU
0RXQWWKH2YHQ 
$GMXVWWKH([KDXVW$GDSWRU
&RQQHFWLQJ'XFWZRUN
2XWVLGH%DFN([KDXVW ²
3UHSDULQJ5HDU:DOOIRU
  2XWVLGH%DFN([KDXVW
$WWDFK0RXQWLQJ3ODWHWR:DOO 
3UHSDUDWLRQRI7RS&DELQHW
$GDSWLQJ%ORZHUIRU2XWVLGH
  %DFN([KDXVW 
0RXQWWKH2YHQ
$
%
&
,QVWDOODWLRQ,QVWUXFWLRQV

$TXDOLILHGHOHFWULFLDQPXVWSHUIRUPDJURXQGFRQWLQXLW\
FKHFNRQWKHZDOOUHFHSWDFOHEHIRUHEHJLQQLQJWKH
LQVWDOODWLRQWRHQVXUHWKDWWKHRXWOHWER[LVSURSHUO\
JURXQGHG,IQRWSURSHUO\JURXQGHGRULIWKHZDOO
UHFHSWDFOHGRHVQRWPHHWHOHFWULFDOUHTXLUHPHQWVQRWHG
XQGHU(/(&75,&$/5(48,5(0(176DTXDOLILHGHOHFWULFLDQ
VKRXOGEHHPSOR\HGWRFRUUHFWDQ\GHILFLHQFLHV
:$51,1*
5LVNRI(OHFWULF6KRFN
&DQFDXVHLQMXU\RUGHDWK
5HPRYHKRXVHIXVHRU
RSHQFLUFXLWEUHDNHUEHIRUH
EHJLQQLQJLQVWDOODWLRQWRDYRLG
VHYHUHRUIDWDOVKRFNLQMXU\
:$51,1*5LVNRI(OHFWULF6KRFN
&DQFDXVHLQMXU\RUGHDWK7+,6$33/,$1&(0867%(
3523(5/<*5281'('WRDYRLGVHYHUHRUIDWDOVKRFN
90RGHOV
7KHSRZHUFRUGRIWKLV
DSSOLDQFHLVHTXLSSHGZLWK
DWKUHHSURQJJURXQGLQJ
SOXJZKLFKPDWHVZLWK
DVWDQGDUGWKUHHSURQJ
JURXQGLQJZDOOUHFHSWDFOH
WRPLQLPL]HWKHSRVVLELOLW\
RIHOHFWULFVKRFNKD]DUG
IURPWKLVDSSOLDQFH
,03257$176$)(7<,16758&7,216

(/(&75,&$/5(48,5(0(176
,QVWDOODWLRQ,QVWUXFWLRQV
(QVXUHSURSHU
JURXQGH[LVWV
EHIRUHXVH
&$87,21)RUSHUVRQDOVDIHW\WKH
PRXQWLQJVXUIDFHPXVWEHFDSDEOHRIVXSSRUWLQJWKH
FDELQHWORDGLQDGGLWLRQWRWKHDGGHGZHLJKWRIWKLV
²SRXQGSURGXFWSOXVDGGLWLRQDORYHQORDGVRIXS
WRSRXQGVRUDWRWDOZHLJKWRI²SRXQGV
&$87,21)RUSHUVRQDOVDIHW\WKLVSURGXFW
FDQQRWEHLQVWDOOHGLQFDELQHWDUUDQJHPHQWVVXFKDVDQ
LVODQGRUDSHQLQVXOD,WPXVWEHPRXQWHGWR%27+DWRS
FDELQHW$1'DZDOO
&$87,217RDYRLGWKHULVNRISHUVRQDO
LQMXU\EDFNLQMXU\RURWKHULQMXULHVGXHWRH[FHVVLYH
ZHLJKWRIWKHPLFURZDYHRUSURSHUW\GDPDJH\RXZLOO
QHHGWZRSHRSOHWRLQVWDOOWKLVPLFURZDYH
:KHUHDVWDQGDUGWZRSURQJZDOOUHFHSWDFOHLV
HQFRXQWHUHGLWPXVWEHUHSODFHGZLWKDSURSHUO\
JURXQGHGWKUHHSURQJZDOOUHFHSWDFOHLQVWDOOHGE\D
TXDOLILHGHOHFWULFLDQ
:$51,1*5LVNRI(OHFWULF6KRFN
&DQFDXVHLQMXU\RUGHDWK'2127XQGHUDQ\
FLUFXPVWDQFHVFXWGHIRUPRUUHPRYHDQ\RIWKHSURQJV
IURPWKHSRZHUFRUG'RQRWXVHZLWKDQH[WHQVLRQFRUG
)DLOXUHWRFRPSO\PD\FDXVH¿UH
90RGHOV
7KLVSURGXFWUHTXLUHVDWKUHHSURQJJURXQGHGRXWOHW
3URGXFWUDWLQJLVYROWV$&+HUW]DPSV
DQGNLORZDWWV7KLVSURGXFWPXVWEHFRQQHFWHG
WRDVXSSO\FLUFXLWRIWKHSURSHUYROWDJHDQGIUHTXHQF\
:LUHVL]HPXVWFRQIRUPWRWKHUHTXLUHPHQWVRIWKH
1DWLRQDO(OHFWULFDO&RGHRUWKHSUHYDLOLQJORFDOFRGH
IRUWKLVNLORZDWWUDWLQJ7KHSRZHUVXSSO\FRUGDQG
SOXJVKRXOGEHEURXJKWWRDVHSDUDWHWRDPSHUH
EUDQFKFLUFXLWVLQJOHJURXQGHGRXWOHW7KHRXWOHWER[
VKRXOGEHORFDWHGLQWKHFDELQHWDERYHWKHRYHQDQG
DZD\IURPDQ\SRWHQWLDOPLFURZDYHGXFWLQJ7KHRXWOHW
ER[DQGVXSSO\FLUFXLWVKRXOGEHLQVWDOOHGE\DTXDOLILHG
HOHFWULFLDQDQGFRQIRUPWRWKH1DWLRQDO(OHFWULFDO&RGHRU
WKHSUHYDLOLQJORFDOFRGH


+22'(;+$867
127(5HDGWKHVHQH[WWZRSDJHVRQO\LI\RXSODQWRYHQW\RXUH[KDXVWWRWKHRXWVLGH
,I\RXSODQWRUHFLUFXODWHWKHDLUEDFNLQWRWKHURRPSURFHHGWRSDJH
2876,'(723(;+$867(;$03/(21/<
(48,9$/(17  180%(5  (48,9$/(17
'8&73,(&(6  /(1*7+ [ 86('   /(1*7+
  
   5RRI&DS  )W  [    )W 
 
   )W6WUDLJKW'XFW )W  [    )W  
 s5RXQG
 
   5HFWDQJXODUWR5RXQG )W  [    )W  
   7UDQVLWLRQ$GDSWRU
(TXLYDOHQWOHQJWKVRIGXFWSLHFHVDUHEDVHGRQDFWXDOWHVWVDQG
UHIOHFWUHTXLUHPHQWVIRUJRRGYHQWLQJSHUIRUPDQFHZLWKDQ\YHQWKRRG
7RWDO/HQJWK  )W
,03257$17,IDUHFWDQJXODUWRURXQGWUDQVLWLRQDGDSWRULVXVHGWKHERWWRPFRUQHUVRIWKHGDPSHUZLOO
KDYHWREHFXWWRILWXVLQJWKHWLQVQLSVLQRUGHUWRDOORZIUHHPRYHPHQWRIWKHGDPSHU
7KHIROORZLQJFKDUWGHVFULEHVDQH[DPSOHRIRQHSRVVLEOH
GXFWZRUNLQVWDOODWLRQ
,QVWDOODWLRQ,QVWUXFWLRQV
7KHIROORZLQJFKDUWGHVFULEHVDQH[DPSOHRIRQHSRVVLEOH
GXFWZRUNLQVWDOODWLRQ
127()RUEDFNH[KDXVWFDUHVKRXOGEHWDNHQWRDOLJQH[KDXVWZLWKVSDFHEHWZHHQVWXGVRUZDOOVKRXOGEHSUHSDUHG
DWWKHWLPHLWLVFRQVWUXFWHGE\OHDYLQJHQRXJKVSDFHEHWZHHQWKHZDOOVWXGVWRDFFRPPRGDWHH[KDXVW
2876,'(%$&.(;+$867(;$03/(21/<
(48,9$/(17  180%(5  (48,9$/(17
'8&73,(&(6  /(1*7+ [ 86('   /(1*7+
  
   :DOO&DS  )W  [    )W

   )W6WUDLJKW'XFW )W  [    )W 
 
øs[s5HFWDQJXODU
 
   (OERZ  )W  [    )W 
(TXLYDOHQWOHQJWKVRIGXFWSLHFHVDUHEDVHGRQDFWXDOWHVWVDQG
UHIOHFWUHTXLUHPHQWVIRUJRRGYHQWLQJSHUIRUPDQFHZLWKDQ\YHQWKRRG 
7RWDO/HQJWK  )W


(48,9$/(17  180%(5  (48,9$/(17
'8&73,(&(6   /(1*7+ [ 86('   /(1*7+
  
   5HFWDQJXODUWR5RXQG  )W  [      )W
   7UDQVLWLRQ$GDSWRU
 
   :DOO&DS   )W  [      )W
 
   (OERZ   )W  [      )W
 
   (OERZ   )W  [      )W
 
   (OERZ   )W  [      )W
 
   (OERZ   )W  [      )W
 
   5RRI&DS   )W  [      )W
   6WUDLJKW'XFWs5RXQGRU )W  [      )W
 
øs[s5HFWDQJXODU
7RWDO'XFWZRUN    )W
(TXLYDOHQWOHQJWKVRIGXFWSLHFHVDUHEDVHGRQDFWXDOWHVWVDQG
UHIOHFWUHTXLUHPHQWVIRUJRRGYHQWLQJSHUIRUPDQFHZLWKDQ\YHQW
KRRG
,03257$17,IDUHFWDQJXODUWRURXQGWUDQVLWLRQ
DGDSWRULVXVHGWKHERWWRPFRUQHUVRIWKHGDPSHU
ZLOOKDYHWREHFXWWRILWXVLQJWKHWLQVQLSVLQRUGHU
WRDOORZIUHHPRYHPHQWRIWKHGDPSHU 
127(,I\RXQHHGWRLQVWDOOGXFWVQRWHWKDWWKHWRWDOGXFW
OHQJWKRIøs[sUHFWDQJXODURUsGLDPHWHUURXQGGXFW
VKRXOGQRWH[FHHGHTXLYDOHQWIHHW
2XWVLGHYHQWLODWLRQUHTXLUHVD+22'(;+$867'8&7
5HDGWKHIROORZLQJFDUHIXOO\
127(,WLVLPSRUWDQWWKDWYHQWLQJEHLQVWDOOHGXVLQJ
WKHPRVWGLUHFWURXWHDQGZLWKDVIHZHOERZVDVSRVVLEOH
7KLVHQVXUHVFOHDUYHQWLQJRIH[KDXVWDQGKHOSVSUHYHQW
EORFNDJHV$OVRPDNHVXUHGDPSHUVVZLQJIUHHO\DQG
QRWKLQJLVEORFNLQJWKHGXFWV
([KDXVWFRQQHFWLRQ
7KHKRRGH[KDXVWKDVEHHQGHVLJQHGWRPDWHZLWK
DVWDQGDUGøs[sUHFWDQJXODUGXFW
,IDURXQGGXFWLVUHTXLUHGDUHFWDQJXODUWRURXQG
WUDQVLWLRQDGDSWRUPXVWEHXVHG'RQRWXVHOHVVWKDQ
DsGLDPHWHUGXFW
0D[LPXPGXFWOHQJWK
)RUVDWLVIDFWRU\DLUPRYHPHQWWKHWRWDOGXFWOHQJWKRI
øs[sUHFWDQJXODURUsGLDPHWHUURXQGGXFWVKRXOG
QRWH[FHHGHTXLYDOHQWIHHW
(OERZVWUDQVLWLRQVZDOODQGURRIFDSVHWF
SUHVHQWDGGLWLRQDOUHVLVWDQFHWRDLUIORZDQGDUHHTXLYDOHQW
WRDVHFWLRQRIVWUDLJKWGXFWZKLFKLVORQJHUWKDQWKHLUDFWXDO
SK\VLFDOVL]H:KHQFDOFXODWLQJWKHWRWDOGXFWOHQJWKDGGWKH
HTXLYDOHQWOHQJWKVRIDOOWUDQVLWLRQVDQGDGDSWRUVSOXVWKH
OHQJWKRIDOOVWUDLJKWGXFWVHFWLRQV7KHFKDUWEHORZVKRZV
\RXKRZWRFDOFXODWHWRWDOHTXLYDOHQWGXFWZRUNOHQJWKXVLQJ
WKHDSSUR[LPDWHIHHWRIHTXLYDOHQWOHQJWK
RIVRPHW\SLFDOGXFWV

,QVWDOODWLRQ,QVWUXFWLRQV

3$57   48$17,7<
 7RS&DELQHW 
 7HPSODWH   

 5HDU:DOO 
 7HPSODWH

 ,QVWDOODWLRQ  
 ,QVWUXFWLRQV
 6HSDUDWHO\  

 3DFNHG   
 *UHDVH 
 )LOWHUV   


 ([KDXVW   
 $GDSWRUZLWK 
 'DPSHU

,IWKHXQLWLVGDPDJHGLQVKLSPHQWUHWXUQ
WKHXQLWWRWKHVWRUHLQZKLFKLWZDVERXJKWIRU
UHSDLURUUHSODFHPHQW
,IWKHXQLWLVGDPDJHGE\WKHFXVWRPHUUHSDLURU
UHSODFHPHQWLVWKHUHVSRQVLELOLW\RIWKHFXVWRPHU
,IWKHXQLWLVGDPDJHGE\WKHLQVWDOOHULIRWKHUWKDQ
WKHFXVWRPHUUHSDLURUUHSODFHPHQWPXVW
EHPDGHE\DUUDQJHPHQWEHWZHHQFXVWRPHU
DQGLQVWDOOHU
'$0$*(²6+,30(17
,167$//$7,21 3$576,1&/8'('
$'',7,21$/3$576
,QVWDOODWLRQ,QVWUXFWLRQV
3$57  48$17,7<
 :RRG6FUHZV  

øs[s
 7RJJOH%ROWVDQG   
 ZLQJQXWVøs[s
 

6HOIDOLJQLQJ0DFKLQH 
6FUHZøs[øs

 1\ORQ*URPPHW  
 IRUPHWDOFDELQHWV
3$576,1&/8'('
<RXZLOOILQGWKHLQVWDOODWLRQKDUGZDUHFRQWDLQHG
LQDSDFNHWZLWKWKHXQLW&KHFNWRPDNHVXUH\RX
KDYHDOOWKHVHSDUWV
127(6RPHH[WUDSDUWVDUHLQFOXGHG
+$5':$5(3$&.(7
≤
≤
≤


722/6<28:,//1(('
DQG3KLOOLSV
VFUHZGULYHU
3HQFLO
5XOHURUWDSH
PHDVXUHDQG
VWUDLJKWHGJH &DUSHQWHUVTXDUH
RSWLRQDO
7LQVQLSVIRUFXWWLQJ
GDPSHULIUHTXLUHG
(OHFWULFGULOOZLWKøsøs
øsDQGøsGULOOELWV
+DPPHURSWLRQDO
6WXGILQGHU
RU
)LOOHUEORFNVRUVFUDS
ZRRGSLHFHVLIQHHGHG
IRUWRSFDELQHWVSDFLQJ
XVHGRQUHFHVVHGERWWRP
FDELQHWLQVWDOODWLRQVRQO\
*ORYHV
6DZVDEHUKROHRUNH\KROH
/HYHO 'XFWDQGPDVNLQJ
WDSH
02817,1*63$&( 127(6
7KHVSDFHEHWZHHQWKHFDELQHWVPXVWEHsZLGH
DQGIUHHRIREVWUXFWLRQV
,IWKHVSDFHEHWZHHQWKHFDELQHWVLVJUHDWHUWKDQ
sD)LOOHU3DQHO.LWPD\EHXVHGWRILOOLQWKHJDS
EHWZHHQWKHRYHQDQGWKHFDELQHWV<RXU2ZQHU·V
0DQXDOFRQWDLQVWKHNLWQXPEHUIRU\RXUPRGHO
7KLVRYHQLVIRULQVWDOODWLRQRYHUUDQJHVXSWR
sZLGH
,I\RXDUHJRLQJWRYHQW\RXURYHQWRWKHRXWVLGH
VHH+RRG([KDXVW6HFWLRQIRUH[KDXVWGXFW
SUHSDUDWLRQ
:KHQLQVWDOOLQJWKHRYHQEHQHDWKVPRRWKIODW
FDELQHWVEHFDUHIXOWRIROORZWKHLQVWUXFWLRQV
RQWKHWRSFDELQHWWHPSODWHIRUSRZHUFRUG
FOHDUDQFH
0D[LPXPFDELQHWGHSWKDERYHDQGEHVLGHWKHXQLW
LVs
)RUPRGHOVZLWKWRSYHQWLQJKROHV'RQRWDOORZ
FDELQHWU\RURWKHUREMHFWVWREORFNWKHDLUIORZRIWKH
YHQW
7KHSURGXFWVKRXOGQRWEHLQVWDOOHGRYHUDQ\
FRRNWRSRUUDQJHZLWKDFRPELQHG%78JUHDWHU
WKDQ%78
%DFNVSODVK
sRU
PRUHIURP
WKHIORRUWR
WKHWRSRI
WKHRYHQ
s
s
s
PLQ
øs
%RWWRPHGJHRI
FDELQHWQHHGVWR
EHsRUPRUH
IURPWKHFRRNLQJ
VXUIDFH
,QVWDOODWLRQ,QVWUXFWLRQV
6FLVVRUVWRFXW
WHPSODWHLIQHFHVVDU\
6DIHW\JRJJOHV
sPD[


 )LQGWKHVWXGVXVLQJRQHRIWKHIROORZLQJPHWKRGV
$6WXGILQGHU²DPDJQHWLFGHYLFHZKLFKORFDWHVQDLOV
25
%8VHDKDPPHUWRWDSOLJKWO\DFURVVWKHPRXQWLQJ
VXUIDFHWRILQGDVROLGVRXQG7KLVZLOOLQGLFDWH
DVWXGORFDWLRQ
 $IWHUORFDWLQJWKHVWXGVILQGWKHFHQWHUE\SURELQJ
WKHZDOOZLWKDVPDOOQDLOWRILQGWKHHGJHVRIWKHVWXG
7KHQSODFHDPDUNKDOIZD\EHWZHHQWKHHGJHV
7KHFHQWHURIDQ\DGMDFHQWVWXGVVKRXOGEHsRUs
IURPWKLVPDUN
 'UDZDOLQHGRZQWKHFHQWHURIWKHVWXGV
,03257$177KHPLFURZDYHPXVWEHFRQQHFWHGWRDW
OHDVWRQHZDOOVWXG

 5HPRYHWKHER[FRQWDLQLQJWKHLQVWDOODWLRQ
LQVWUXFWLRQVILOWHUVH[KDXVWDGDSWRUGDPSHU
DQGWKHVPDOOKDUGZDUHEDJ'RQRWUHPRYH
WKH6W\URIRDPSURWHFWLQJWKHIURQWRIWKHRYHQ
 )ROGEDFNDOOFDUWRQIODSVIXOO\DJDLQVWFDUWRQVLGHV
7KHQFDUHIXOO\UROOWKHRYHQDQGFDUWRQRYHURQWR
WKHWRSVLGH7KHRYHQVKRXOGEHUHVWLQJLQWKH
6W\URIRDP
5(029,1*7+(29(1)520
7+(&$57215(029,1*
7+(02817,1*3/$7(
),1',1*7+(:$//678'6
%
$

3/$&(0(172)7+(02817,1*3/$7(

:DOO
6WXGV
&HQWHU

&DUWRQ
 3XOOWKHFDUWRQXSDQGRIIWKHRYHQ
 2SHQWKHRYHQGRRUDQGUHPRYHWKHVW\URIRDP
SDFNIURPLQVLGHWKHRYHQ5HPRYHWKHWDSH
FRYHULQJWKHWXUQWDEOHKXE
6W\URIRDP
,QVWDOODWLRQ,QVWUXFWLRQV



 6HWWKHRYHQXSULJKW5HPRYHDQGSURSHUO\GLVFDUG
SODVWLFEDJVDQG6W\URIRDP

 7KHPRXQWLQJSODWHLVDWWDFKHGWRWKHEDFNRIWKH
RYHQ5HPRYHWKHWZRVFUHZVKROGLQJLWWRWKHRYHQ
7KHSODWHZLOOEHXVHGDVWKHUHDUZDOOWHPSODWHDQG
IRUPRXQWLQJWKHRYHQWRWKHZDOO




'(7(50,1,1*:$//3/$7(/2&$7,2181'(5<285&$%,1(7
&
<RXUFDELQHWVPD\KDYHGHFRUDWLYHWULPWKDWLQWHUIHUHV
ZLWKWKHRYHQLQVWDOODWLRQ5HPRYHWKHGHFRUDWLYHWULP
WRLQVWDOOWKHRYHQSURSHUO\DQGWRPDNHLWOHYHO
7+(29(10867%(/(9(/
8VHDOHYHOWRPDNHVXUHWKHFDELQHWERWWRPLVOHYHO
,IWKHFDELQHWVKDYHDIURQWRYHUKDQJRQO\ZLWKQREDFN
RUVLGHIUDPHLQVWDOOWKHPRXQWLQJSODWHGRZQWKHVDPH
GLVWDQFHDVWKHIURQWRYHUKDQJGHSWK7KLVZLOONHHS
WKHRYHQOHYHO
 0HDVXUHWKHLQVLGHGHSWKRIWKHIURQWRYHUKDQJ
 'UDZDKRUL]RQWDOOLQHRQWKHEDFNZDOODQHTXDO
GLVWDQFHEHORZWKHFDELQHWERWWRPDVWKHLQVLGHGHSWK
RIWKHIURQWRYHUKDQJ
 )RUWKLVW\SHRILQVWDOODWLRQZLWKIURQWRYHUKDQJRQO\
DOLJQWKHPRXQWLQJWDEVZLWKWKLVKRUL]RQWDOOLQHQRW
WRXFKLQJWKHFDELQHWERWWRPDVGHVFULEHGLQ6WHS'
3ODWHSRVLWLRQ²EHQHDWKIODWERWWRP
FDELQHW
3ODWHSRVLWLRQ²EHQHDWKUHFHVVHGERWWRP
FDELQHWZLWKIURQWRYHUKDQJ
0RXQWLQJ3ODWH7DEV
7RXFKLQJWKH&DELQHW
%RWWRP
0RXQWLQJ3ODWH
ZLWK7DEV%HORZ
&DELQHW%RWWRP
WKH6DPH'LVWDQFH
DVWKH)URQW
2YHUKDQJ'HSWK
$WOHDVWsXSWRs
3ODWHSRVLWLRQ²EHQHDWKIUDPHGUHFHVVHG
FDELQHWERWWRP
0RXQWLQJ3ODWH7DEV
7RXFKLQJWKH%DFN
)UDPH
,QVWDOODWLRQ,QVWUXFWLRQV
sWR&RRNWRS
sWR&RRNWRS





$/,*1,1*7+(:$//3/$7(
 'UDZDYHUWLFDOOLQHRQWKHZDOODWWKHFHQWHURIWKHs
ZLGHVSDFH
 8VHWKHPRXQWLQJSODWHDVWKHWHPSODWHIRUWKHUHDUZDOO
3ODFHWKHPRXQWLQJSODWHRQWKHZDOOPDNLQJVXUHWKDW
WKHWDEVDUHWRXFKLQJWKHERWWRPRIWKHFDELQHWRU
WKHOHYHOOLQHGUDZQLQ6WHS&IRUFDELQHWVZLWKIURQW
RYHUKDQJ/LQHXSWKHQRWFKDQGFHQWHUOLQHRQ
WKHPRXQWLQJSODWHWRWKHFHQWHUOLQHRQWKHZDOO
 :KLOHKROGLQJWKHPRXQWLQJSODWHZLWKRQHKDQGGUDZ
FLUFOHVRQWKHZDOODWKROHV$%&DQG'VHHLOOXVWUDWLRQ
DERYHDFWXDOSODWHPDUNHGZLWKDUURZV)RXUKROHV
PXVWEHXVHGIRUPRXQWLQJ
127(+ROHV&DQG'DUHLQVLGHDUHD(,IQHLWKHU&QRU'
LVLQDVWXGILQGDVWXGVRPHZKHUHLQDUHD(DQGGUDZD
ILIWKFLUFOHWROLQHXSZLWKWKHVWXG,WLVLPSRUWDQWWRXVH
DWOHDVWRQHZRRGVFUHZPRXQWHGILUPO\LQDVWXG
WRVXSSRUWWKHZHLJKWRIWKHRYHQ
6HWWKHPRXQWLQJSODWHDVLGH
:$51,1*5LVNRIHOHFWULFVKRFN&DQFDXVH
LQMXU\RUGHDWK7DNHFDUHWRQRWGULOOLQWRHOHFWULFDOZLULQJ
LQVLGHZDOOVRUFDELQHWV
 'ULOOKROHVRQWKHFLUFOHV,IWKHUHLVDVWXGGULOODøsKROH
IRUZRRGVFUHZV)RUKROHVWKDWGRQ·WOLQHXSZLWKDVWXG
GULOODøsKROHIRUWRJJOHEROWV
 127('2127028177+(3/$7($77+,67,0(



'UDZD
9HUWLFDO/LQH
RQ:DOOIURP
&HQWHURI7RS
&DELQHW
$UHD(
+ROH$
+ROH%
+ROH'
+ROH&
'
,QVWDOODWLRQ,QVWUXFWLRQV
&$87,21
:HDUJORYHVWRDYRLGFXWWLQJ
ILQJHUVRQVKDUSHGJHV


$
7KLVRYHQLVGHVLJQHGIRUDGDSWDWLRQWRWKHIROORZLQJ
W\SHVRIYHQWLODWLRQ
$2XWVLGH7RS([KDXVW9HUWLFDO'XFW
%2XWVLGH%DFN([KDXVW+RUL]RQWDO'XFW
&5HFLUFXODWLQJ1RQ9HQWHG'XFWOHVV
127()RU-90390'90DQG390
PRGHOV7KLVRYHQLVVKLSSHGDVVHPEOHGIRU2XWVLGH7RS
([KDXVW6HOHFWWKHW\SHRIYHQWLODWLRQUHTXLUHGIRU\RXU
LQVWDOODWLRQDQGSURFHHGWRWKDWVHFWLRQ
127()RU-10DQG310PRGHOV7KLVRYHQLV
VKLSSHGDVVHPEOHGIRU5HFLUFXODWLQJ6HOHFWWKHW\SHRI
YHQWLODWLRQUHTXLUHGIRU\RXULQVWDOODWLRQDQGSURFHHGWRWKDW
VHFWLRQ
2876,'(723(;+$867
9(57,&$/'8&7 2876,'(%$&.(;+$867
+25,=217$/'8&7
5(&,5&8/$7,1*
1219(17(''8&7/(66
6HHSDJH 6HHSDJH
6HHSDJH
$&KDUFRDO)LOWHU$FFHVVRU\.LW
LVUHTXLUHGIRUWKHQRQYHQWHG
H[KDXVW6HH\RXU2ZQHU·V
0DQXDOIRUWKHNLWQXPEHU
$GDSWRULQ3ODFHIRU
2XWVLGH7RS([KDXVW
,QVWDOODWLRQ,QVWUXFWLRQV

%
&

 ,167$//$7,217<3(6  &KRRVH$%RU&

 3ODFHWKHPRXQWLQJSODWHDJDLQVWWKHZDOODQGLQVHUW
WKHWRJJOHZLQJVLQWRWKHKROHVLQWKHZDOOWRPRXQW
WKHSODWH
127(%HIRUHWLJKWHQLQJWRJJOHEROWVDQGZRRGVFUHZ
PDNHVXUHWKHWDEVRQWKHPRXQWLQJSODWHWRXFK
WKHERWWRPRIWKHFDELQHWZKHQSXVKHGIOXVKDJDLQVW
WKHZDOODQGWKDWWKHSODWHLVSURSHUO\FHQWHUHGXQGHU
WKHFDELQHW
&$87,21%HFDUHIXOWRDYRLGSLQFKLQJ
ILQJHUVEHWZHHQWKHEDFNRIWKHPRXQWLQJSODWHDQG
WKHZDOO
 7LJKWHQDOOEROWV3XOOWKHSODWHDZD\IURPWKHZDOO
WRKHOSWLJKWHQWKHEROWV

$

$77$&+7+(02817,1*3/$7(
727+(:$//
$

 2876,'(723(;+$867  9HUWLFDO'XFW
$WWDFKWKHSODWHWRWKHZDOOXVLQJWRJJOHEROWV$WOHDVW
RQHZRRGVFUHZPXVWEHXVHGWRDWWDFKWKHSODWHWR
DZDOOVWXG5HFRPPHQGHGORFDWLRQVRQWKHPRXQWLQJ
SODWHDUHLQGLFDWHGE\$%&DQG'
 5HPRYHWKHWRJJOHZLQJVIURPWKHEROWV
 ,QVHUWWKHEROWVLQWRWKHPRXQWLQJSODWHWKURXJK
WKHKROHVGHVLJQDWHGWRJRLQWRGU\ZDOODQGUHDWWDFK
WKHWRJJOHZLQJVWRøsRQWRHDFKEROW

,167$//$7,2129(59,(:
$$WWDFK0RXQWLQJ3ODWHWR:DOO
$3UHSDUH7RS&DELQHW
$,QVWDOO$GDSWRU
$0RXQW2YHQ
$$GMXVW([KDXVW$GDSWRU
$&RQQHFW'XFWZRUN
:DOO
0RXQWLQJ
3ODWH
6SDFLQJIRU
7RJJOHV0RUH7KDQ
:DOO7KLFNQHVV
%ROW(QG
7RJJOH
%ROW
7RJJOH:LQJV
7RXVHWRJJOHEROWV
,QVWDOODWLRQ,QVWUXFWLRQV

$%
&'


028177+(29(1
$
$66(0%/($1',167$//$'$3725
$
86(723&$%,1(77(03/$7()25
35(3$5$7,212)723&$%,1(7
<RXQHHGWRGULOOKROHVIRUWKHWRSVXSSRUWVFUHZV
DKROHODUJHHQRXJKIRUWKHSRZHUFRUGWRILWWKURXJK
DQGDFXWRXWODUJHHQRXJKIRUWKHH[KDXVWDGDSWRU
$
'DPSHU
)URQWRI
2YHQ
%DFNRI2YHQ
5HPRYH6FUHZIURP
%DFNRI%ORZHU3ODWH
5HPRYH6FUHZIURP
7RSRI%ORZHU3ODWH
 5HDGWKHLQVWUXFWLRQVRQWKH723&$%,1(77(03/$7(
 7DSHLWXQGHUQHDWKWKHWRSFDELQHW
 'ULOOWKHKROHVIROORZLQJWKHLQVWUXFWLRQVRQWKH723
&$%,1(77(03/$7(
&$87,21:HDUVDIHW\JRJJOHVZKHQ
GULOOLQJKROHVLQWKHFDELQHWERWWRP
,QVWDOODWLRQ,QVWUXFWLRQV
 3ODFHWKHRYHQLQLWVXSULJKWSRVLWLRQZLWKWKHWRS
RIWKHXQLWIDFLQJXSDQGWKHIURQWRIWKHXQLWIDFLQJ
WRZDUG\RX
 5HPRYHWKHVFUHZRQWKHEDFNVLGHRIWKHEORZHU
SODWHDQGUDLVHWKHEORZHUSODWHRIIRIWKHPLFURZDYH
 6OLGHWKHGDPSHUIURPOHIWWRULJKWLQWRWKHWDEVRQWKH
EORZHUSODWH7KH\HOORZWDSHRQWKHGDPSHUVKRXOG
EHIDFLQJ\RX,IWKHEORZHUSODWHLVQRWUDLVHGRIIRI
WKHWRSRIWKHPLFURZDYHWKHGDPSHUFDQQRWVOLGH
LQWRSRVLWLRQ
 5HPRYHWKH\HOORZWDSHIURPWKHGDPSHU0DNHVXUH
WKDWWKHGDPSHUSLYRWVHDVLO\EHIRUHPRXQWLQJRYHQ
 <RXZLOOQHHGWRPDNHDGMXVWPHQWVWRDVVXUHSURSHU
DOLJQPHQWZLWK\RXUKRXVHH[KDXVWGXFWDIWHUWKH
RYHQLVLQVWDOOHG
([KDXVW
$GDSWRU


%ORZHU3ODWH
7DEV


&$87,217RDYRLGWKHULVNRISHUVRQDO
LQMXU\EDFNLQMXU\RURWKHULQMXULHVGXHWRH[FHVVLYH
ZHLJKWRIWKHPLFURZDYHRUSURSHUW\GDPDJH\RX
ZLOOQHHGWZRSHRSOHWRLQVWDOOWKLVPLFURZDYH
,03257$17'RQRWJULSRUXVHKDQGOHGXULQJ
LQVWDOODWLRQ
:$51,1*5LVNRI(OHFWULF6KRFN
&DQFDXVHLQMXU\RUGHDWK,ILQVWDOOLQJXQLW
ZLWKPHWDOFRXQWHUWRSVFRYHUWKHHGJHRIWKH
SRZHUVXSSO\FRUGKROHZLWKWKHSRZHUVXSSO\FRUG
EXVKLQJ
,03257$17,IILOOHUEORFNVDUHQRWXVHGFDVHGDPDJH
PD\RFFXUIURPRYHUWLJKWHQLQJVFUHZV
 ,QVHUWDVHOIDOLJQLQJVFUHZWKURXJKWRSFHQWHU
FDELQHWKROH7HPSRUDULO\VHFXUHWKHRYHQE\
WXUQLQJWKHVFUHZDWOHDVWWZRIXOOWXUQVDIWHU
WKHWKUHDGVKDYHHQJDJHG,WZLOOEHFRPSOHWHO\
WLJKWHQHGODWHU

127(:KHQPRXQWLQJ
WKHPLFURZDYHWKUHDG
SRZHUFRUGWKURXJKKROH
LQERWWRPRIWRSFDELQHW
.HHSLWWLJKWWKURXJKRXW
6WHSV²'RQRWSLQFK
FRUGRUOLIWRYHQE\SXOOLQJ
FRUG
/LIWPLFURZDYHWLOWLW
IRUZDUGDQGKRRNVORWV
DWEDFNERWWRPHGJH
RQWRIRXUORZHUWDEVRI
PRXQWLQJSODWH

5RWDWHIURQWRIRYHQXS
DJDLQVWFDELQHWERWWRP

&211(&7,1*'8&7:25.


 $WWDFKWKHRYHQWRWKHWRSFDELQHW
&DELQHW)URQW
&DELQHW%RWWRP6KHOI
)LOOHU%ORFN
2YHQ7RS
(TXLYDOHQW
WR'HSWK
RI&DELQHW
5HFHVV
,QVHUWVHOIDOLJQLQJVFUHZV
øs[ȓsWKURXJKRXWHU
WRSFDELQHWKROHV7XUQWZRIXOO
WXUQVRQHDFKVFUHZ
 7LJKWHQWKHRXWHUWZRVFUHZVWRWKHWRSRIWKHRYHQ
:KLOHWLJKWHQLQJVFUHZVKROGWKHRYHQLQSODFH
DJDLQVWWKHZDOODQGWKHWRSFDELQHW


 ,QVWDOOJUHDVHILOWHUV6HHWKH2ZQHU·V0DQXDO
SDFNHGZLWKWKHRYHQ
,QVWDOODWLRQ,QVWUXFWLRQV
$'-8677+((;+$867$'$3725
$
2SHQWKHWRSFDELQHWDQGDGMXVWWKHH[KDXVWDGDSWRU
WRFRQQHFWWRWKHKRXVHGXFW
%DFNRI2YHQ
'DPSHU


 ([WHQGWKHKRXVHGXFWGRZQWRFRQQHFWWR
WKHH[KDXVWDGDSWRU
 6HDOH[KDXVWGXFWMRLQWVXVLQJGXFWWDSH
+RXVH'XFW
6HOI$OLJQLQJ6FUHZ

028177+(29(1FRQWLQXHG
$
$
7KLVGLVWDQFH
FDQ127
H[FHHGµ
WRHQVXUH
SURSHU
LQVWDOODWLRQ

 2876,'(%$&.(;+$867  +RUL]RQWDO'XFW
35(3$5,1*7+(5($5:$// 
)252876,'(%$&.(;+$867
%
,167$//$7,2129(59,(:
%3UHSDUH5HDU:DOO
%$WWDFK0RXQWLQJ3ODWHWR:DOO
%3UHSDUH7RS&DELQHW
%$GMXVW%ORZHU
%0RXQWWKH2YHQ
,QVWDOODWLRQ,QVWUXFWLRQV
%

$77$&+7+(02817,1*3/$7(
727+(:$//
%
$WWDFKWKHSODWHWRWKHZDOOXVLQJWRJJOHEROWV$WOHDVW
RQHZRRGVFUHZPXVWEHXVHGWRDWWDFKWKHSODWHWR
DZDOOVWXG
 5HPRYHWKHWRJJOHZLQJVIURPWKHEROWV
 ,QVHUWWKHEROWVLQWRWKHPRXQWLQJSODWHWKURXJK
WKHKROHVGHVLJQDWHGWRJRLQWRGU\ZDOODQGUHDWWDFK
WKHWRJJOHZLQJVWRøsRQWRHDFKEROW


<RXQHHGWRFXWDQRSHQLQJLQWKHUHDUZDOOIRURXWVLGH
H[KDXVW
 5HDGWKHLQVWUXFWLRQVRQWKH5($5:$//7(03/$7(
 7DSHLWWRWKHUHDUZDOOOLQLQJXSZLWKWKHKROHV
SUHYLRXVO\GULOOHGIRUKROHV$DQG%LQWKHZDOOSODWH
 &XWWKHRSHQLQJIROORZLQJWKHLQVWUXFWLRQVRIWKH
5($5:$//7(03/$7(


%()25()DQ%ODGH
2SHQLQJV)DFLQJ8S




 5HPRYHWKHEORZHUPRWRUVFUHZWKDWKROGVWKH
EORZHUSODWHWRWKHRYHQ/LIWWKHIURQWRIWKHEORZHU
SODWHWRLQVWDOOWKHEORZHU
$'$37,1*%/2:(5)25
2876,'(%$&.(;+$867
%
(QG%
(QG$
 &DUHIXOO\SXOORXWWKHEORZHUXQLW7KHZLUHV
ZLOOH[WHQGIDUHQRXJKWRDOORZ\RXWRDGMXVW
WKHEORZHUXQLW
5RWDWHEORZHUXQLWFRXQWHUFORFNZLVH
%HIRUH5RWDWLRQ $IWHU5RWDWLRQ
*HQWO\UHPRYHWKHZLUHVIURPWKHJURRYHV
5HURXWHWKHZLUHVWKURXJKJURRYHVRQRWKHUVLGH
RIWKHEORZHUXQLW
%HIRUH5HURXWLQJ $IWHU5HURXWLQJ
:LUHV5RXWHG7KURXJK5LJKW
6LGH
:LUHV5RXWHG7KURXJK/HIW
6LGH
%ORZHU3ODWH
%DFNRI
2YHQ %DFNRI
2YHQ
%ORZHU
0RWRU6FUHZ
%ORZHU
0RWRU6FUHZ

86(723&$%,1(77(03/$7(
)2535(3$5$7,212)723
&$%,1(7
%
 5HDGWKHLQVWUXFWLRQVRQWKH723&$%,1(7
7(03/$7(
 7DSHLWXQGHUQHDWKWKHWRSFDELQHW
 'ULOOWKHKROHVIROORZLQJWKHLQVWUXFWLRQVRQWKH
723&$%,1(77(03/$7(
&$87,21:HDUVDIHW\JRJJOHVZKHQ
GULOOLQJKROHVLQWKHFDELQHWERWWRP
:DOO
0RXQWLQJ
3ODWH
6SDFLQJIRU7RJJOHV0RUH
7KDQ:DOO7KLFNQHVV
7RJJOH
%ROW
7RJJOH:LQJV
7RXVHWRJJOHEROWV
%ROW(QG
,QVWDOODWLRQ,QVWUXFWLRQV
<RXQHHGWRGULOOKROHVIRUWKHWRSVXSSRUWVFUHZVDQG
DKROHODUJHHQRXJKIRUWKHSRZHUFRUGWRILWWKURXJK
 3ODFHWKHPRXQWLQJSODWHDJDLQVWWKHZDOODQGLQVHUW
WKHWRJJOHZLQJVLQWRWKHKROHVLQWKHZDOOWRPRXQW
WKHSODWH
127(%HIRUHWLJKWHQLQJWRJJOHEROWVDQGZRRGVFUHZ
PDNHVXUHWKHWDEVRQWKHPRXQWLQJSODWHWRXFK
WKHERWWRPRIWKHFDELQHWZKHQSXVKHGIOXVKDJDLQVW
WKHZDOODQGWKDWWKHSODWHLVSURSHUO\FHQWHUHGXQGHU
WKHFDELQHW
&$87,21%HFDUHIXOWRDYRLGSLQFKLQJ
ILQJHUVEHWZHHQWKHEDFNRIWKHPRXQWLQJ
SODWHDQGWKHZDOO
 7LJKWHQDOOEROWV3XOOWKHSODWHDZD\IURPWKHZDOO
WRKHOSWLJKWHQWKHEROWV



6QLSDOOZHEV
RQHDFKNQRFNRXW
SDQHODQG
UHPRYHWKHPHWDO
NQRFNRXWVIRUUHDU
DLUIORZ
  /RFDWHWKHWZR´NQRFNRXWµSODWHVRQWKHUHDURYHQ
SDQHOQHDUWKHWRSRIWKHRYHQ
  8VLQJWLQVQLSVFDUHIXOO\FXWWKHZHEDUHDIURPWKH
WZRKROHVVLGHE\VLGHWKDWVHFXUHWKHNQRFNRXWVWR
WKHRYHQ&XWDOOIRXUZHEVRQERWKUHDUNQRFNRXWV
WKLVZLOODOORZWKHYHQWLODWLRQIDQDLUIORZWRH[KDXVW
RXWWKHUHDURIWKHRYHQ
 &$87,21%HVXUHWRWULPWKHVKDUS
HGJHVIURPWKHRSHQLQJVDIWHUUHPRYLQJWKH
NQRFNRXWSODWHV
$)7(5)DQ%ODGH
2SHQLQJV)DFLQJ
%DFN

  3ODFHWKHEORZHUXQLWEDFNLQWRWKHRSHQLQJ


 5ROOWKHEORZHUXQLWVRWKDWIDQEODGHRSHQLQJV
DUHIDFLQJRXWWKHEDFNRIWKHRYHQ

 
%ORZHU3ODWH
%HIRUH5ROOLQJ $IWHU5ROOLQJ
%DFNRI
2YHQ
(QG$
(QG%
%DFNRI
2YHQ
%DFNRI
2YHQ
 :$51,1*5LVNRIHOHFWULFVKRFN
FDQFDXVHLQMXU\RUGHDWK'RQRWSXOORUVWUHWFK
WKHEORZHUXQLWZLULQJPDNHVXUHWKHZLUHVDUH
QRWSLQFKHG
  127(7KHEORZHUXQLWH[KDXVWRSHQLQJVVKRXOG
PDWFKH[KDXVWRSHQLQJVRQUHDURIPLFURZDYH
,QVWDOODWLRQ,QVWUXFWLRQV
2YHQ5HDU3DQHO

  $WWDFKWKHH[KDXVWDGDSWRUWRWKHUHDURIWKHRYHQ
E\VOLGLQJLWLQWRWKHJXLGHVDWWKHWRSFHQWHURIWKH
EDFNRIWKHRYHQ
  &ORVHWKHEORZHUSODWHVRLWLVFORVHGRYHUWKHWRS
WDERIWKHH[KDXVWDGDSWHU6HFXUHZLWKWKHVFUHZ
UHPRYHGHDUOLHU
  3XVKGRZQVHFXUHO\XQWLOLWLVLQWKHORZHUORFNLQJ
WDEV7DNHFDUHWRDVVXUHWKHGDPSHUKLQJH
LVLQVWDOOHGVRWKDWLWLVDWWKHWRSDQGWKDWWKH
GDPSHUVZLQJVIUHHO\
6OLGH
H[KDXVW
DGDSWRULQWR
JXLGHVRQ
RYHQUHDU
([KDXVW$GDSWRU
([KDXVW$GDSWRU
'DPSHU
KLQJHVLGHXS
/RFNLQJ
7DEV *XLGHV
%DFNRI
2YHQ
6FUHZ
6FUHZ

 $WWDFKWKHRYHQWRWKHWRSFDELQHW

,QVWDOODWLRQ,QVWUXFWLRQV
028177+(29(1
%


&DELQHW)URQW

 7LJKWHQWKHRXWHUWZRVFUHZVWRWKHWRSRIWKH
RYHQ:KLOHWLJKWHQLQJVFUHZVKROGWKHRYHQ
LQSODFHDJDLQVWWKHZDOODQGWKHWRSFDELQHW
,QVHUWVHOIDOLJQLQJVFUHZV
øs[ȓsWKURXJKRXWHU
WRSFDELQHWKROHV7XUQWZRIXOO
WXUQVRQHDFKVFUHZ
 ,QVWDOOJUHDVHILOWHUV6HHWKH2ZQHU·V0DQXDO
SDFNHGZLWKWKHRYHQ

&$87,217RDYRLGWKHULVNRISHUVRQDO
LQMXU\EDFNLQMXU\RURWKHULQMXULHVGXHWRH[FHVVLYH
ZHLJKWRIWKHPLFURZDYHRUSURSHUW\GDPDJH\RX
ZLOOQHHGWZRSHRSOHWRLQVWDOOWKLVPLFURZDYH
,03257$17'RQRWJULSRUXVHKDQGOHGXULQJ
LQVWDOODWLRQ
:$51,1*5LVNRI(OHFWULF6KRFN
&DQFDXVHLQMXU\RUGHDWK,ILQVWDOOLQJXQLW
ZLWKPHWDOFRXQWHUWRSVFRYHUWKHHGJHRIWKH
SRZHUVXSSO\FRUGKROHZLWKWKHSRZHUVXSSO\FRUG
EXVKLQJ
,03257$17,IILOOHUEORFNVDUHQRWXVHGFDVHGDPDJH
PD\RFFXUIURPRYHUWLJKWHQLQJVFUHZV
 ,QVHUWDVHOIDOLJQLQJVFUHZWKURXJKWRSFHQWHU
FDELQHWKROH7HPSRUDULO\VHFXUHWKHRYHQE\
WXUQLQJWKHVFUHZDWOHDVWWZRIXOOWXUQVDIWHU
WKHWKUHDGVKDYHHQJDJHG,WZLOOEHFRPSOHWHO\
WLJKWHQHGODWHU
127(:KHQPRXQWLQJ
WKHPLFURZDYHWKUHDG
SRZHUFRUGWKURXJKKROH
LQERWWRPRIWRSFDELQHW
.HHSLWWLJKWWKURXJKRXW
6WHSV²'RQRWSLQFK
FRUGRUOLIWRYHQE\SXOOLQJ
FRUG
/LIWPLFURZDYHWLOWLW
IRUZDUGDQGKRRNVORWV
DWEDFNERWWRPHGJH
RQWRIRXUORZHUWDEVRI
PRXQWLQJSODWH

5RWDWHIURQWRIRYHQXS
DJDLQVWFDELQHWERWWRP


&DELQHW%RWWRP6KHOI
)LOOHU%ORFN
2YHQ7RS
(TXLYDOHQW
WR'HSWK
RI&DELQHW
5HFHVV
6HOI$OLJQLQJ6FUHZ
7KLVGLVWDQFH
FDQ127
H[FHHGµ
WRHQVXUH
SURSHU
LQVWDOODWLRQ

86(723&$%,1(77(03/$7(
)2535(3$5$7,212)723&$%,1(7
&
 
 5(&,5&8/$7,1*1RQ9HQWHG'XFWOHVV
,167$//$7,2129(59,(:
&$WWDFK0RXQWLQJ3ODWHWR:DOO
&3UHSDUH7RS&DELQHW
&$GMXVW%ORZHU
&0RXQWWKH2YHQ
&,QVWDOO&KDUFRDO)LOWHU6XSSOLHGZLWK
-10'90DQG310PRGHOV
 5HDGWKHLQVWUXFWLRQVRQWKH723&$%,1(7
7(03/$7(
 7DSHLWXQGHUQHDWKWKHWRSFDELQHW
 'ULOOWKHKROHVIROORZLQJWKHLQVWUXFWLRQVRQWKH723
&$%,1(77(03/$7(
&$87,21:HDUVDIHW\JRJJOHVZKHQ
GULOOLQJKROHVLQWKHFDELQHWERWWRP
,QVWDOODWLRQ,QVWUXFWLRQV
<RXQHHGWRGULOOKROHVIRUWKHWRSVXSSRUWVFUHZVDQG
DKROHODUJHHQRXJKIRUWKHSRZHUFRUGWRILWWKURXJK
&
 3ODFHWKHPRXQWLQJSODWHDJDLQVWWKHZDOODQGLQVHUW
WKHWRJJOHZLQJVLQWRWKHKROHVLQWKHZDOOWRPRXQW
WKHSODWH
127(%HIRUHWLJKWHQLQJWRJJOHEROWVDQGZRRGVFUHZ
PDNHVXUHWKHWDEVRQWKHPRXQWLQJSODWHWRXFKWKH
ERWWRPRIWKHFDELQHWZKHQSXVKHGIOXVKDJDLQVWWKH
ZDOODQGWKDWWKHSODWHLVSURSHUO\FHQWHUHGXQGHUWKH
FDELQHW
&$87,21%HFDUHIXOWRDYRLGSLQFKLQJ
ILQJHUVEHWZHHQWKHEDFNRIWKHPRXQWLQJSODWHDQG
WKHZDOO
 7LJKWHQDOOEROWV3XOOWKHSODWHDZD\IURPWKHZDOO
WRKHOSWLJKWHQWKHEROWV

$77$&+7+(02817,1*3/$7(
727+(:$//
&
$WWDFKWKHSODWHWRWKHZDOOXVLQJWRJJOHEROWV$WOHDVW
RQHZRRGVFUHZPXVWEHXVHGWRDWWDFKWKHSODWHWR
DZDOOVWXG
 5HPRYHWKHWRJJOHZLQJVIURPWKHEROWV
 ,QVHUWWKHEROWVLQWRWKHPRXQWLQJSODWHWKURXJK
WKHKROHVGHVLJQDWHGWRJRLQWRGU\ZDOODQGUHDWWDFK
WKHWRJJOHZLQJVWRøsRQWRHDFKEROW


:DOO
0RXQWLQJ
3ODWH
6SDFLQJIRU
7RJJOHV0RUH7KDQ
:DOO7KLFNQHVV
%ROW(QG
7RJJOH
%ROW
7RJJOH:LQJV
7RXVHWRJJOHEROWV


 3ODFHWKHEORZHUXQLWEDFNLQWRWKHRSHQLQJ
 :$51,1*5LVNRIHOHFWULFVKRFN
FDQFDXVHLQMXU\RUGHDWK'RQRWSXOORUVWUHWFK
WKHEORZHUXQLWZLULQJ0DNHVXUHWKHZLUHGDUH
QRWSLQFKHG


$)7(5)DQ%ODGH
2SHQLQJV)DFLQJ
)RUZDUG
$'$37,1*%/2:(5
)255(&,5&8/$7,21
&

127(7KHH[KDXVWDGDSWRUZLWKGDPSHULVQRW
QHHGHGIRUUHFLUFXODWLQJPRGHOV<RXPD\ZDQW
WRVDYHWKHPIRUSRVVLEOHIXWXUHXVH
 &DUHIXOO\SXOORXWWKHEORZHUXQLW7KHZLUHV
ZLOOH[WHQGIDUHQRXJKWRDOORZ\RXWRDGMXVW
WKHEORZHUXQLW
127(0DNHVXUHZLUHVUHPDLQURXWHGLQWKHJURRYHV
RIWKHPRWRUIUDPH
,QVWDOODWLRQ,QVWUXFWLRQV

%ORZHU3ODWH
%ORZHU
0RWRU6FUHZ
%()25()DQ%ODGH
2SHQLQJV)DFLQJ8S

(QG%
(QG$
 &DUHIXOO\SXOORXWWKHEORZHUXQLW7KHZLUHV
ZLOOH[WHQGIDUHQRXJKWRDOORZ\RXWRDGMXVW
WKHEORZHUXQLW
 5ROOWKHEORZHUXQLWVRWKDWIDQEODGHRSHQLQJV
DUHIDFLQJRXWWKHEDFNRIWKHRYHQ

%DFNRI
2YHQ
%DFNRI
2YHQ
%ORZHU3ODWH
%DFNRI
2YHQ
6FUHZ
  &ORVHWKHEORZHUSODWH6HFXUHZLWKWKHVFUHZ
UHPRYHGHDUOLHU