
5HPRYHDQ\DGMXVWLQJNH\RUZUHQFKEHIRUH
WXUQLQJWKHSRZHUWRRORQ$ZUHQFKRUDNH\OHIW
DWWDFKHGWRDURWDWLQJSDUWRIWKHSRZHUWRROPD\
UHVXOWLQSHUVRQDOLQMXU\
'RQRWRYHUUHDFK.HHSSURSHUIRRWLQJDQG
EDODQFHDWDOOWLPHV7KLVHQDEOHVEHWWHUFRQWURORI
WKHSRZHUWRROLQXQH[SHFWHGVLWXDWLRQV
'UHVVSURSHUO\'RQRWZHDUORRVHFORWKLQJRU
MHZHOOHU\.HHS\RXUKDLUFORWKLQJDQGJORYHV
DZD\IURPPRYLQJSDUWV/RRVHFORWKHVMHZHOOHU\
RUORQJKDLUFDQEHFDXJKWLQPRYLQJSDUWV
,IGHYLFHVDUHSURYLGHGIRUWKHFRQQHFWLRQRI
GXVWH[WUDFWLRQDQGFROOHFWLRQIDFLOLWLHVHQVXUH
WKHVHDUHFRQQHFWHGDQGSURSHUO\XVHG8VHRI
GXVWFROOHFWLRQFDQUHGXFHGXVWUHODWHGKD]DUGV
32:(5722/86($1'&$5(
'RQRWIRUFHWKHSRZHUWRRO8VHWKHFRUUHFW
SRZHUWRROIRU\RXUDSSOLFDWLRQ7KHFRUUHFWSRZHU
WRROZLOOGRWKHMREEHWWHUDQGVDIHUDWWKHUDWHIRU
ZKLFKLWZDVGHVLJQHG
'RQRWXVHWKHSRZHUWRROLIWKHVZLWFKGRHVQRW
WXUQLWRQDQGRII$Q\SRZHUWRROWKDWFDQQRWEH
FRQWUROOHGZLWKWKHVZLWFKLVGDQJHURXVDQGPXVWEH
UHSDLUHG
'LVFRQQHFWWKHSOXJIURPWKHSRZHUVRXUFH
DQGRUWKHEDWWHU\SDFNIURPWKHSRZHUWRRO
EHIRUHPDNLQJDQ\DGMXVWPHQWVFKDQJLQJ
DFFHVVRULHVRUVWRULQJSRZHUWRROV6XFK
SUHYHQWLYHVDIHW\PHDVXUHVUHGXFHWKHULVNRI
VWDUWLQJWKHSRZHUWRRODFFLGHQWDOO\
6WRUHLGOHSRZHUWRROVRXWRIWKHUHDFKRI
FKLOGUHQDQGGRQRWDOORZSHUVRQVXQIDPLOLDU
ZLWKWKHSRZHUWRRORUWKHVHLQVWUXFWLRQVWR
RSHUDWHWKHSRZHUWRRO3RZHUWRROVDUHGDQJHURXV
LQWKHKDQGVRIXQWUDLQHGXVHUV
0DLQWDLQSRZHUWRROVDQGDFFHVVRULHV&KHFN
IRUPLVDOLJQPHQWRUELQGLQJRIPRYLQJSDUWV
EUHDNDJHRISDUWVDQGDQ\RWKHUFRQGLWLRQ
WKDWPD\DIIHFWWKHSRZHUWRRO¶VRSHUDWLRQ
,IGDPDJHGKDYHWKHSRZHUWRROUHSDLUHG
EHIRUHXVH0DQ\DFFLGHQWVDUHFDXVHGE\SRRUO\
PDLQWDLQHGSRZHUWRROV
.HHSFXWWLQJWRROVVKDUSDQGFOHDQ3URSHUO\
PDLQWDLQHGFXWWLQJWRROVZLWKVKDUSFXWWLQJHGJHV
DUHOHVVOLNHO\WRELQGDQGDUHHDVLHUWRFRQWURO
8VHWKHSRZHUWRRODFFHVVRULHVDQGWRROELWV
HWFLQDFFRUGDQFHZLWKWKHVHLQVWUXFWLRQV
WDNLQJLQWRDFFRXQWWKHZRUNLQJFRQGLWLRQVDQG
WKHZRUNWREHSHUIRUPHG8VHRIWKHSRZHUWRRO
IRURSHUDWLRQVGLIIHUHQWIURPWKRVHLQWHQGHGFRXOG
UHVXOWLQDKD]DUGRXVVLWXDWLRQ
.HHSKDQGOHVDQGJUDVSLQJVXUIDFHVGU\FOHDQ
DQGIUHHIURPRLODQGJUHDVH6OLSSHU\KDQGOHV
DQGJUDVSLQJVXUIDFHVGRQRWDOORZIRUVDIHKDQGOLQJ
DQGFRQWURORIWKHWRROLQXQH[SHFWHGVLWXDWLRQV
%$77(5<722/86($1'&$5(
5HFKDUJHRQO\ZLWKWKHFKDUJHUVSHFLILHGE\WKH
PDQXIDFWXUHU$FKDUJHUWKDWLVVXLWDEOHIRURQH
W\SHRIEDWWHU\SDFNPD\FUHDWHDULVNRIILUHZKHQ
XVHGZLWKDQRWKHUEDWWHU\SDFN
8VHSRZHUWRROVRQO\ZLWKVSHFLILFDOO\
GHVLJQDWHGEDWWHU\SDFNV8VHRIDQ\RWKHUEDWWHU\
SDFNVPD\FUHDWHDULVNRILQMXU\DQGILUH
:KHQEDWWHU\SDFNLVQRWLQXVHNHHSLWDZD\
IURPRWKHUPHWDOREMHFWVOLNHSDSHUFOLSVFRLQV
NH\VQDLOVVFUHZVRURWKHUVPDOOPHWDOREMHFWV
WKDWFDQPDNHDFRQQHFWLRQIURPRQHWHUPLQDO
WRDQRWKHU6KRUWLQJWKHEDWWHU\WHUPLQDOVWRJHWKHU
PD\FDXVHEXUQVRUILUH
8QGHUDEXVLYHFRQGLWLRQVOLTXLGPD\EHHMHFWHG
IURPWKHEDWWHU\DYRLGFRQWDFW,IFRQWDFW
DFFLGHQWDOO\RFFXUVIOXVKZLWKSOHQW\RIVRDS
DQGZDWHU,IOLTXLGFRQWDFWVH\HVLPPHGLDWHO\
VHHNPHGLFDOKHOS/LTXLGHMHFWHGIURPWKHEDWWHU\
PD\FDXVHLUULWDWLRQRUEXUQV
'RQRWXVHDEDWWHU\SDFNRUWRROWKDWLV
GDPDJHGRUPRGLILHG'DPDJHGRUPRGLILHG
EDWWHULHVPD\H[KLELWXQSUHGLFWDEOHEHKDYLRXU
UHVXOWLQJLQILUHH[SORVLRQRUULVNRILQMXU\
'RQRWH[SRVHDEDWWHU\SDFNRUWRROWRILUH
RUH[FHVVLYHWHPSHUDWXUH([SRVXUHWRILUHRU
WHPSHUDWXUHDERYH&PD\FDXVHH[SORVLRQ
)ROORZDOOFKDUJLQJLQVWUXFWLRQVDQGGRQRW
FKDUJHWKHEDWWHU\SDFNRUWRRORXWVLGHWKH
WHPSHUDWXUHUDQJHVSHFLILHGLQWKHLQVWUXFWLRQV
&KDUJLQJLPSURSHUO\RUDWWHPSHUDWXUHVRXWVLGH
WKHVSHFLILHGUDQJHPD\GDPDJHWKHEDWWHU\DQG
LQFUHDVHWKHULVNRIILUH
6(59,&(
+DYH\RXUSRZHUWRROVHUYLFHGE\DTXDOLILHG
UHSDLUSHUVRQXVLQJRQO\LGHQWLFDOUHSODFHPHQW
SDUWV7KLVZLOOHQVXUHWKDWWKHVDIHW\RIWKHSRZHU
WRROLVPDLQWDLQHG
1HYHUVHUYLFHGDPDJHGEDWWHU\SDFNV6HUYLFH
RIEDWWHU\SDFNVVKRXOGRQO\EHSHUIRUPHGE\WKH
PDQXIDFWXUHURUDXWKRUL]HGVHUYLFHSURYLGHUV
'5,//6$)(7<:$51,1*6
+ROGWKHSRZHUWRROE\LQVXODWHGJULSSLQJ
VXUIDFHVZKHQSHUIRUPLQJDQRSHUDWLRQZKHUH
WKHFXWWLQJDFFHVVRU\PD\FRQWDFWKLGGHQ
ZLULQJ&XWWLQJDFFHVVRU\RUIDVWHQHUVFRQWDFWLQJD
OLYHZLUHPD\PDNHH[SRVHGPHWDOSDUWVRIWKH
SRZHUWRROOLYHDQGFRXOGJLYHWKHRSHUDWRUDQ
HOHFWULFVKRFN
1HYHURSHUDWHDWKLJKHUVSHHGWKDQWKH
PD[LPXPVSHHGUDWLQJRIWKHGULOOELW$WKLJKHU
VSHHGVWKHELWLVOLNHO\WREHQGLIDOORZHGWRURWDWH
IUHHO\ZLWKRXWFRQWDFWLQJWKHZRUNSLHFHUHVXOWLQJLQ
SHUVRQDOLQMXU\
(QJOLVK (1