Panasonic TX-28XDP1F User manual
Safety
Block Diagram(Video)
PCB view(A)
Block Diagram(Control)
PCB view(B)
Parts List
Specifications
Service Information
Wiring Diagram
Block Diagram(Audio/Dolby)
Adjustments
Service Hints
Mechanical View
A Schematic
B Schematic
E Schematic
Self Check
Disassembly
Waveforms
Location of Controls
Service Manual
Colour Television EURO 2 Chassis
TX-28XDP1F
Notes
Service Support
About....
EXITGO BACK
PCB view(E)
F Schematic
PCB view(F)
K Schematic
PCB view(K)
M Schematic
PCB view(M)
Y Schematic
PCB view(Y)
25'(5 12 60 ;;
&RORXU 7HOHYLVLRQ
7; ;'3)
(852 &KDVVLV
6SHFLILFDWLRQV
3RZHU 6RXUFH
9 $& +]
3RZHU &RQVXPSWLRQ
:
$HULDO ,PSHGDQFH
XQEDODQFHG &RD[LDO 7\SH
5HFHLYLQJ 6\VWHP
3$/ %* '. 3$/
6(&$0 %* //
5HFHLYLQJ &KDQQHOV
9+) ( (
9+) + + ,7$/< 9+) $ + ,7$/<
9+) 5 5 9+) 5 5
9+) 5 5 8+) ( (
&$79 6 6 &$79 6 6 0 0
&$79 6 6 8 8 &$79 6 6 +<3(5%$1'
,QWHUPHGLDWH )UHTXHQF\
9LGHR 0+]0+]
6RXQG 0+]0+]0+]
0+]0+]
1,&$0 0+]0+]
&RORXU 0+]0+]0+]
9LGHR $XGLR7HUPLQDOV
$9 ,1 9LGHR SLQ 9 S S
$XGLR SLQ P9 UPV N
5*% SLQ
$9 287 9LGHR SLQ 9 S S
$XGLR SLQ P9 UPV N
$9 ,1 9LGHR SLQ 9 S S
$XGLR SLQ P9 UPV N
69LGHR,1 <9S S
SLQ & 9 S S
$9 287 9LGHR SLQ 9 S S
$XGLR SLQ P9 UPV N
6HOHFWDEOH RXWSXW SLQ
$9 ,1 $XGLR 5&$ [ P9 UPV N
9LGHR 5&$ [ 9 S S
+LJK 9ROWDJH
N9
á
N9 DW ]HUR EHDP FXUUHQW
3LFWXUH 7XEH
$($.; FP
9LVLEOH VFUHHQ VL]H
GHIOHFWLRQ
$XGLR 2XWSXW
,QWHUQDO 6SHDNHU [ : 0XVLF 3RZHU
,PSHGDQFH
([WHUQDO 6SHDNHU [ : )URQW 0XVLF 3RZHU
[ : 5HDU 0XVLF 3RZHU
[ : &HQWUH 0XVLF 3RZHU
,PSHGDQFH
+HDGSKRQHV
,PSHGDQFH
$FFHVVRULHV VXSSOLHG
5HPRWH &RQWURO
5 80 %DWWHU\
([WHUQDO VSHDNHUV 76 '3
'LPHQVLRQV
+HLJKW PP
:LGWK PP
'HSWK PP
1HW :HLJKW
NJ
6SHFLILFDWLRQV DUH VXEMHFW WR FKDQJH ZLWKRXW QRWLFH
:HLJKW DQG GLPHQVLRQV VKRZQ DUH DSSUR[LPDWH
7HFKQLVFKH 'DWHQ
1HW]SDQQXQJ
9 $& +]
/HLVWXQJVDXIQDKPH
:
$QWHQQHQLPSHGDQ]
DV\PPHWULVFK .RD[LDO 7\S
(PSIDQJVV\VWHP
3$/ %* '. 3$/
6(&$0 %* //
(PSIDQJVEHUHLFKH
9+) ( (
9+) + + ,7$/< 9+) $ + ,7$/<
9+) 5 5 9+) 5 5
9+) 5 5 8+) ( (
&$79 6 6 &$79 6 6 0 0
&$79 6 6 8 8 &$79 6 6 +<3(5%$1'
=ZLVFKHQIUHTXHQ]
9LGHR 0+]0+]
6RXQG 0+]0+]0+]
0+]0+]
1,&$0 0+]0+]
&RORXU 0+]0+]0+]
9LGHR $XGLR $QVFKOÚVVH
$9 (,1*$1* 9LGHR SLQ 9 S S
$XGLR SLQ P9 UPVN
5*% SLQ
$9 $86*$1* 9LGHR SLQ 9 S S
$XGLR SLQ P9 UPVN
$9 (,1*$1* 9LGHR SLQ 9 S S
$XGLR SLQ P9 UPV N
69LGHR,1 <9S S
SLQ & 9 S S
$9 $86*$1* 9LGHR SLQ 9 S S
$XGLR SLQ P9 UPVN
6HOHFWDEOH RXWSXW SLQ
$9 (,1*$1* $XGLR 5&$ [ P9 UPVN
9LGHR 5&$ [ 9 S S
+RFKVSDQQXQJ
N9
á
N9 EHL 1XOOVWUDKOVWRP
%LOGURKUH
$($.; FP
9LVXHOOH 'LDJRQDOH
$EOHQNXQJ
7RQ $XVJDQJVOHLVWXQJ
(LQEDXODXWVSUHFKHU [ : 0XVLNOHLVWXQJ
,PSHGDQ]
=XVDW] /DXWVSUHFKHUE]HQ [ : 9RUQ 0XVLNOHLVWXQJ
[ : +LQWHQ 0XVLNOHLVWXQJ
[ : 0LWWH 0XVLNOHLVWXQJ
,PSHGDQFH
.RSIKÐUHU
,PSHGDQ]
0LWJHO =XEHKÐU
)HUQEHGLHQXQJ
5 80 %DWWHULHQ
=XVDW] /DXWVSUHFKHUE]HQ 76 '3
$EPHVVXQJHQ
+ÐKH PP
%UHLWH PP
7LHIH PP
*HZLFKW
NJ
QGHUXQJHQ GHU WHFKQLVFKHQ 'DWHQ YRUEHKDOWHQ
*HZLFKWH XQG $EPHVVXQJHQ VLQG 1 KHUXQJVDQJDEHQ
7; ;'3)
&217(176
6$)(7< 35(&$87,216
/2&$7,21 2) &21752/6
6(59,&( +,176
6(59,&( 326,7,21
6(59,&( 02'(
$/,*10(176
6(/) &+(&.
:$9()250 3$77(51 7$%/(
&21'8&725 9,(:6
%/2&. ',$*5$0
6&+(0$7,& ',$*5$06
3$576 /2&$7,21
5(3/$&(0(17 3$576 /,67
6$)(7< 35(&$87,216
*HQHUDO *XLGH /LQHV
,W LV DGYLVDEOH WR LQVHUW DQ LVRODWLRQ WUDQVIRUPHU LQ WKH $&
VXSSO\ EHIRUH VHUYLFLQJ D KRW FKDVVLV
:KHQ VHUYLFLQJ REVHUYH WKH RULJLQDO OHDG GUHVV LQ WKH KLJK
YROWDJH FLUFXLWV ,I D VKRUW FLUFXLW LV IRXQG UHSODFH DOO SDUWV
ZKLFK KDYH EHHQ RYHUKHDWHG RU GDPDJHG E\ WKH VKRUW
FLUFXLW
$IWHU VHUYLFLQJ VHH WKDW DOO WKH SURWHFWLYH GHYLFHV VXFK DV
LQVXODWLRQ EDUULHUV LQVXODWLRQ SDSHUV VKLHOGV DQG LVRODWLRQ
5& FRPELQDWLRQV DUH FRUUHFWO\ LQVWDOOHG
:KHQ WKH UHFHLYHU LV QRW EHLQJ XVHG IRU D ORQJ SHULRG RI
WLPH XQSOXJ WKH SRZHU FRUG IURP WKH $& RXWOHW
3RWHQWLDOV DV KLJK DV N9 DUH SUHVHQW ZKHQ WKLV UHFHLYHU
LV LQ RSHUDWLRQ 2SHUDWLRQ RI WKH UHFHLYHU ZLWKRXW WKH UHDU
FRYHU LQYROYHV WKH GDQJHU RI D VKRFN KD]DUG IURP WKH
UHFHLYHU SRZHU VXSSO\ 6HUYLFLQJ VKRXOG QRW EH DWWHPSWHG
E\ DQ\RQH ZKR LV QRW IDPLOLDU ZLWK WKH SUHFDXWLRQV
QHFHVVDU\ ZKHQ ZRUNLQJ RQ KLJK YROWDJH HTXLSPHQW
$OZD\V GLVFKDUJH WKH DQRGH RI WKH SLFWXUH WR WKH FKDVVLV
EHIRUH KDQGOLQJ WKH WXEH
$IWHU VHUYLFLQJ PDNH WKH IROORZLQJ OHDNDJH FXUUHQW FKHFNV
WR SUHYHQW WKH FXVWRPHU IURP EHLQJ H[SRVHG WR VKRFN
KD]DUGV
/($.$*( &855(17 &2/' &+(&.
8QSOXJWKH$&FRUG DQG FRQQHFWD MXPSHUEHWZHHQ WKHWZR
SURQJV RI WKH SOXJ
7XUQ RQ WKH UHFHLYHUV SRZHU VZLWFK
0HDVXUH WKH UHVLVWDQFH YDOXH ZLWK DQ RKPPHWHU EHWZHHQ
WKH MXPSHUHG $& SOXJ DQG HDFK H[SRVHG PHWDOOLF FDELQHW
SDUW RQ WKH UHFHLYHU VXFK DV VFUHZ KHDGV DHULDOV
FRQQHFWRUV FRQWURO VKDIWV HWF :KHQ WKH H[SRVHG PHWDOOLF
SDUW KDV D UHWXUQ SDWK WR WKH FKDVVLV WKH UHDGLQJ VKRXOG EH
EHWZHHQ 0 RKP DQG 0 RKP :KHQ WKH H[SRVHG PHWDO
GRHV QRW KDYH D UHWXUQ SDWK WRWKH FKDVVLV WKH UHDGLQJ PXVW
EH LQILQLWH
,1+$/7
6,&+(5+(,76925.(+581*(1
/$*( '(5 (,167(//5(*/(5
:$5781*6+,1:(,6(
5(3$5$78567(//81*
6(59,&( 02'86
$%*/(,&+7$%(//(
6(/%67',$*126(
6,*1$/ 7$%(//(
$16,&+7 '(5 /(,7(5%$+1(1
6&+$/7%,/' %/2&.
6&+$/7%,/' 6&+(0$
(;3/26,216=(,&+181*
(56$7=7(,//,67(
6,&+(5+(,76925.(+581*(1
$OOJHPHLQH 5LFKWOLQLHQ
(V LVW HPSIHKOHQVZHUW HLQHQ 7UHQQWUDQVIRUPDWRU LQ GLH
6WURPYHUVRUJXQJ ]X VFKDOWHQ EHYRU 5HSDUDWXUHQ DQ
HLQHP *HU W YRUJHQRPPHQ ZHUGHQ GHVVHQ &KDVVLV XQWHU
6SDQQXQJ VWHKW
%HL GHU 'XUFKIÚKUXQJ YRQ 6HUYLFHDUEHLWHQ GÚUIHQ GLH
XUVSUÚQJOLFKHQ .DEHODQVFKOÚVVH QLFKW YHUWDXVFKW ZHUGHQ
'LHV JLOW LQVEHVRQGHUH IÚU GLH $QVFKOÚVVH LP
+RFKVSDQQXQJVWHLO +DW VLFK HLQ .XU]VFKOX| HUHLJQHW
GDQQ VLQG DOOH 7HLOH DQ GHQHQ 6SXUHQ YRQ ÛEHUKLW]XQJ
VLFKWEDU VLQG DXV]XZHFKVHOQ
1DFK %HHQGHQ GHU 6HUYLFHDUEHLWHQ LVW VLFKHU]XVWHOOHQ GD|
DOOH 6LFKHUKHLWVYRUULFKWXQJHQ ZLH ,VRODWLRQVVWHJH
,VRODWLRQVSDSLHUH $EVFKLUPXQJHQ XQG ,VRODWLRQV 5&
*OLHGHU ZLHGHU ULFKWLJ HLQJHVHW]W VLQG
:HQQ GHU )HUQVHKHU Z KUHQG O QJHUHU =HLW QLFKW LQ %HWULHE
JHVHW]W ZLUG VROOWH GHU 1HW]VWHFNHU DXV GHU 1HW]VWHFNGRVH
JH]RJHQ ZHUGHQ
,P %HWULHE VLQG 6SDQQXQJHQ ELV ]X N9 LQ GLHVHP *HU W
YRUKDQGHQ 'LH ,QEHWULHEQDKPH GHV )HUQVHKHUV RKQH
DXIJHVHW]WH 5ÚFNZDQGEULQJWGLH *HIDKUHLQHVHOHNWULVFKHQ
6FKODJHV YRQ GHU )HUQVHKHU 6WURPYHUVRUJXQJ PLW VLFK
6HUYLFHDUEHLWHQ VROWHQ GDKHU DXFK QLH GXUFK 3HUVRQHQ
YHUVXFKW ZHUGHQ GLH QLFKW LQ YROOHP 8PIDQJ PLW GHQ
6LFKHUKHLWVYRUNHKUXQJHQ EHLP 8PJDQJ PLW
+RFKVSDQQXQJVJHU WHQ YHUWUDXW VLQG 9RU GHU
+DQGKDEXQJ PLW GHU %LOGUÐKUH LVW GLH $QRGH GHU %LOGUÐKUH
LPPHU DQ GHP (PSI QJHUFKDVVLV ]X HQWODGHQ
1DFK %HHQGHQ GHU 6HUYLFHDUEHLWHQ VLQG GLH IROJHQGHQ
.ULHFKVWURP 3UÚIXQJHQ GXUFK]XIÚKUHQ XP GHQ .XQGHQ
YRU GHU *HIDKU HLQHV HOHNWULVFKHQ 6FKODJHV ]X VFKÚW]HQ
0(6681* '(6 ,62/$7,216:,'(567$1'(6
,0 $%*(6&+$/7(7(1 =867$1'
'HQ 1HWV]WHFNHU DXV GHU 1HW]VWHFNGRVH ]LHKHQ XQG GLH
EHLGHQ 6WHFNHUVWLIWH NXU]VFKOLH|HQ
'HQ *HU WHVFKDOWHU GHV )HUQVHKJHU WHV HLQVFKDOWHQ
0LW HLQHP 2KPPHWHU GHQ :LGHUVWDQGVZHUW ]ZLVFKHQ GHP
ÚEHUEUÚFNWHQ 1HW]VWHFNHU XQG MHGHP ]XJ QJOLFKHQ
0HWDOOWHLO DP *HK XVH GHV )HUQVHKJHU WHV ZLH
6FKUDXEHQNÐSIH $QWHQQHQ $FKVHQ GHU 5HJOHU
*ULIIDVVXQJHQ XVZ PHVVHQ :HQQ HLQ ]XJ QJOLFKHV
0HWDOOWHLO NHLQH 5ÚFNOHLWXQJ ]XP &KDVVLV KDW PX| GLH
$Q]HLJH XQHQGOLFK EHWUDJHQ
7; ;'3)
/($.$*( &855(17 +27 &+(&.
3OXJ WKH $& FRUG GLUHFWO\ LQWR WKH $& RXWOHW 'R QRW XVH DQ
LVRODWLRQ WUDQVIRUPHU IRU WKLV FKHFN
&RQQHFW D N
: UHVLVWRU LQ VHULHV ZLWK DQ H[SRVHG
PHWDOOLF SDUW RQ WKH UHFHLYHU DQG DQ HDUWK VXFK DV D ZDWHU
SLSH
8VH DQ $& YROWPHWHU ZLWK KLJK LPSHGDQFH WR PHDVXUH WKH
SRWHQWLDO DFURVV WKH UHVLVWRU
&KHFN HDFK H[SRVHG 0HWDOOLF SDUW DQG FKHFN WKH YROWDJHDW
HDFK SRLQW
5HYHUVH WKH $& SOXJ DW WKH RXWOHW DQG UHSHDW HDFK RI WKH
DERYH PHDVXUHPHQWV
7KH SRWHQWLDO DW DQ\ SRLQW VKRXOG QRW H[FHHG 9UPV ,Q
FDVH D PHDVXUHPHQW LV RXWVLGH WKH OLPLWVVSHFLILHG WKHUH LV
D SRVVLELOLW\ RI D VKRFN KD]DUG DQG WKH UHFHLYHU VKRXOG EH
UHSDLUHG DQG UHFKHFNHG EHIRUH LW LV UHWXUQHG WR WKH
FXVWRPHU
+27 &+(&. &,5&8,7
. RKP :
$& 92/70(7(5
:DWHU 3LSH
(DUWK
72 ,167580(176
(;326('
0(7$//,& 3$576
6&+$/781*6$8)%$8 )Û5 358)81*
,0 (,1*(6&+$/7(7(1 =867$1'
:(&+6(/67520 92/70(7(5
$1 =8*$1*/,&+(
0(7$//7(,/( '$6
79 *(5$7(6
:DVVHUOHLWXQJ
(UGXQJ
)LJ
$EE
;5$',$7,21 :$51,1*
7KH SRWHQWLDO VRXUFHV RI ; 5DGLDWLRQ LQ 79 VHWV DUH WKH
KLJK YROWDJH VHFWLRQ DQG WKH SLFWXUH WXEH
:KHQ XVLQJ D SLFWXUH WXEH WHVW MLJ IRU VHUYLFH HQVXUH WKDW WKH
MLJ LV FDSDEOH RI KDQGOLQJ N9 ZLWKRXW FDXVLQJ
;5DGLDWLRQ
127(
,W LV LPSRUWDQW WR XVH DQ DFFXUDWH SHULRGLFDOO\ FDOLEUDWHG
KLJK YROWDJH PHWHU
6HW WKH EULJKWQHVV WR PLQLPXP
0HDVXUH WKH KLJK YROWDJH 7KH PHWHU VKRXOG LQGLFDWH
N9
á
N9 LI WKH PHWHU LQGLFDWLRQ LV RXW RI WROHUDQFH
LPPHGLDWH VHUYLFH DQG FRUUHFWLRQ LV UHTXLUHG WR SUHYHQW WKH
SRVVLELOLW\ RI SUHPDWXUH FRPSRQHQW IDLOXUH
7R SUHYHQWDQ\ ; 5DGLDWLRQSRVVLELOLW\ LW LV HVVHQWLDO WR XVH
WKH VSHFLILHG WXEH
0(6681* '(6 .5,(&+675206 ,0
(,1*(6&+$/7(7(1 =867$1'
'HQ 1HW]VWHFNHU GLUHNW LQ HLQH 1HWVWHFNGRVH VWHFNHQ )ÚU
GLHVH 0HVVXQJ NHLQHQ 7UHQQWUDQVIRUPDWRU YHUZHQGHQ
(LQHQ N
: :LGHUVWDQG LQ 6HULH PLW HLQHP YRQ
DX|HQ ]XJ QJOLFKHQ 0HWDOOWHLO DP )HUQVHKJHU W XQG HLQHU
JXWHQ (UGXQJ ]% :DVVHUOHLWXQJ DQVFKOLH|HQ
(LQ :HFKVHOVWURP 9ROWPHWHU PLW HLQHP 0H|EHUHLFK YRQ
2KP9ROW RGHU JUÐ|HU YHUZHQGHQ XP GLH 6SDQQXQJ
ÚEHU GHQ :LGHUVWDQG ]X PHVVHQ
-HGHV ]XJ QJOLFKH 0HWDOOWHLO SUÚIHQ XQG DQ MHGHP 3XQNW
GLH 6SDQQXQJ PHVVHQ
'HQ 1HW]WHFNHU XPJHNHKUW LQ GLH 6WHFNGRVH VWHFNHQ XQG
MHGH GHU RELJHQ 0HVVXQJHQ ZLHGHUKROHQ
'LH 6SDQQXQJ GDUI DQ NHLQHP GHU 3XQNWH 9 HII
ÚEHUVFKUHLWHQ :LUG GLHVHU :HUW QLFKW HLQJHKDOWHQ EHVWHKW
GLH *HIDKU HLQHV HOHNWULVFKHQ 6FKODJHV XQG GDV
)HUQVHKJHU W VROOWH GDKHU UHSDULHUW XQG QDFKJHSUÚIW
ZHUGHQ EHYRU HV DQ GHQ .XQGHQ ]XUÚFNJHJHEHQ ZLUG
5Ñ17*(1675$+/81*
$&+781*
3RWHQWLHOOH 4XHOOHQ YRQ 5ÐQWJHQVWUDKOXQJ LQ
)HUQVHKJHU WHQ VLQG GDV +RFKVSDQQXQJVWHLO XQG GLH
%LOGUÐKUH
%HL 9HUZHQGXQJ HLQHV %LOGUÐKUHQ 3UÚIJHU WHV IÚU GHQ
6HUYLFH LVW VLFKHU]XVWHOOHQ GD| HV IÚU GLH %HODVWXQJ YRQ
N9 JHHLJQHW LVW RKQH GD| HLQH 5ÐQWJHQVWUDKOXQJ
YHUXUVDFKW ZLUG
$10(5.81*
(V LVW ZLFKWLJ GD| HLQ SU ]LVHV UHJHOP |LJ
JHSUÚIWHV 9ROWPHWHU YHUZHQGHW ZLUG
+HOOLJNHLW DXI 0LQLPXP VWHOOHQ
'LH +RFKVSDQQXQJ PHVVHQ 'LH $Q]HLJH GHV
,QVWUXPHQWHV VROOWH N9
á
N9EHWUDJHQ)DOOV GLH $Q]HLJH
GLHVH 7ROHUDQ]JUHQ]HQ ÚEHUVFKUHLWHW LVW GLH VRIRUWLJH
%HKHEXQJ QÐWLJ XP GLH 0ÐJOLFKNHLW YRU]HLWLJHQ
.RPSRQHQWHQDXVIDOOV ]X YHUKÚWHQ
8P GLH 0ÐJOLFKNHLW YRQ 5ÐQWJHQVWUDKOXQJ ]X EHJUHQ]HQ
LVW HV ZLFKWLJ GD| QXU GLH YRUJHVFKULHEHQH %LOGUÐKUH
YHUZHQGHW ZLUG
7; ;'3)
/2&$7,21 2) &21752/6 /$*( '(5 (,167(//5(*/(5
)LJ
$EE
)2&86
)2.865(*/(5
&872))
6&5((1
3
3
6(59,&( +,176
+RZ WR UHPRYH WKH UHDU FRYHU
5HPRYH WKH VFUHZV $ DV VKRZQ LQ )LJ)LJ
6(59,&( +,1:(,6(
(QWIHUQHQ 'HU *HU WHUÚFNZDQG
'LH 6FKUDXEHQ $ HQWIHUQHQ VLHKH $EE$EE
)LJ 6&5(:6 $
6&5(:
)LJ
$EE
$EE
7; ;'3)
+2: 72 5(029( 7+( &21752/ 3$1(/
0 %2$5'
+ROG DQG OLIW WKH UHDU RI WKH ( 3&% FKDVVLV DQG JHQWO\ SXOO
WRZDUG \RX ZLWK WKH 0 ERDUG DWWDFKHG
8QFOLS E\ OLIWLQJ WKH IURQW RI WKH 0 ERDUG YHUWLFDOO\
$IWHU VHUYLFLQJ HQVXUH DOO ZLULQJ LV UHWXUQHG WR LWV RULJLQDO
SRVLWLRQ EHIRUH UHWXUQLQJ WKH UHFHLYHU WR WKH FXVWRPHU
$86 81' (,1%$8 '(6 %(',(1)(/'(6 81'
'(5 /(,7(53/$77( 0
=LHKHQ 6LH GLH /HLWHUSODWWH( ]XVDPPHQPLW GHU/HLWHUSODWWH
0 QDFK KLQWHQ DXV GHP *HK XVH
'LH /HLWHUSODWWH 0 NDQQ YRP +DXSWFKDVVLVUDKPHQ GXUFK
OHLFKWHV $QKHEHQ JHOÐVW ZHUGHQ
1DFK HUIROJWHU 5HSDUDWXU(LQVWHOOXQJ PÚVVHQ V PWOLFKH
.DEHO ZLHGHU LQ LKUH XUVSUÚQJOLFKH /DJH JHEUDFKW ZHUGHQ
EHYRU GDV )6 *HU W DQ GHQ .XQGHQ ÚEHUJHEHQ ZLUG
)LJ
$EE
$%2$5'
&/,3 &/,3
(%2$5'
0 %2$5'
6,&+(581*6+$/7(5
6(&85,1*%5$&.(76
+2: 72 5(029( 7+( $ %2$5'
'LVFRQQHFW WKH OHDGV IURP WKH $ ERDUG
5HPRYH WKH $ ERDUG E\ JHQWO\ OLIWLQJ YHUWLFDOO\
$IWHU VHUYLFLQJ HQVXUH DOO ZLULQJ LV UHWXUQHG WR LWV RULJLQDO
SRVLWLRQ EHIRUH UHWXUQLQJ WKH UHFHLYHU WR WKH FXVWRPHU
$86%$8 '(5 /(,7(53/$77( $
/ÐVHQ 6LH GLH .DEHO YRP $ %RUG
'DQDFK OÐVHQ 6LH MHW]W GLH $ %RUG 6LFKHUXQJVKDOWHU
LQGHP 6LH GLH &OLSV ]X VLFK GUÚFNHQ XQG GLH +DOWHU QDFK
REHQ DE]LHKHQ'DV $ ERUG YRUVLFKWLJ DXV GHQ
6WHFNHUOHLVWHQ YHUWLNDO KHUDXV]LHKHQ
1DFK %HHQGLJXQJ GHU 5HSDUDWXU YHUVLFKHUQ 6LH VLFK ELWWH
RE DOOH .DEHO ZLHGHU LQ GHU ULFKWLJHQ 3RVLWLRQ VLQG
(%2$5'
$%2$5'
)LJ )LJ
)LJ
)LJ
6&5(:6 $
$EE $EE
$EE $EE
7; ;'3)
6(59,&( 326,7,21 )25 7+( $ %2$5'
5HPRYH WKH $ ERDUG IURP WKH PDLQ FKDVVLV ( ERDUG
&DUHIXOO\ XQFOLS WKH WKUHH PHWDO FOLSV PDUNHG % LQ )LJ
8QFOLS WKH IURQW PHWDO FRYHU ILJ DQG UHPRYH IURP WKH
$ERDUG
)LW WKH H[WHQVLRQ OHDGV WR WKH $ ERDUG PDNLQJ VXUH WKDW
WKH $ ERDUG GRHV QRW WRXFK WKH ( ERDUG ILJ
$IWHU VHUYLFLQJ HQVXUH DOO ZLULQJ LV UHWXUQHG WR LWV RULJLQDO
SRVLWLRQ EHIRUH UHWXUQLQJ WKH UHFHLYHU WR WKH FXVWRPHU
1RWH
7KH H[WHQVLRQ OHDG ZLUH NLW LV VXSSOLHG DV D VHUYLFH
NLW 3DUW QXPEHU 7=6(3
6(59,&( 326,7,21 )25 7+( . %2$5'
5HPRYH WKH WZR VFUHZV $ LQGLFDWHG LQ ILJ WR UHOHDVH
.%RDUG
6OLGH WKH . %RDUG RXW RI WKH FKDVVLV KROGLQJ SRVLWLRQ DQG
JHQWO\ UHOHDVH PDNLQJ VXUH WKDW WKH . ERDUG GRHV QRW
WRXFK WKH ( ERDUG
5(3$5$78567(//81* )Û5 /(,7(53/$77( $
'LH /HLWHUSODWWH $ YRP +DXSWFKDVVLV /HLWHUSODWWH (
DEQHKPHQ YRUKHU PÚVVHQ DOOH $QVFKOXVVNDEHO
DEJH]RJHQ ZHUGHQ
'LH NOHLQHQ 0HWDOOZLQFNHO % $EE 3RV% DQKHEHQ XQG
GLH YRUGHUH 0HWDOODEGHFNXQJ HQWIHUQHQ $EE
8P GLH 5HSDUDWXU ]X HUOHLFKWHUQ GLH KLQWHUH
0HWDOODEGHFNXQJ HQWIHUQHQ
'LH 9HUO QJHUXQJVNDEHO DQ GLH /HLWHUSODWWH $
DQVFKOLHVVHQ GDUDXI DFKWHQ GD| GLH /HLWHUSODWWH $ GLH
3ODWLQH ( QLFKW EHUÚKUW $EE
1DFK HUIROJWHU 5HSDUDWXU PÚVVHQ V PWOLFKH /HLWXQJHQ
ZLHGHU LQ LKUH XUVSUÚQJOLFKH /DJH JHEUDFKW ZHUGHQ
EHYRU GDV )6 *HU W DQ GHQ .XQGHQ ÚEHUJHEHQ ZLUG
+LQZHLV
'LH 9HUO QJHUXQJVNDEHO ZHUGHQ DOV
5HSDUDWXU 7HLOHVDW] XQWHU GHU %HVWHOO 1U 7=6(3
JHOLHIHUW
5(3$5$78567(//81* )Û5 ',(
/(,7(53/$77( .
(QWIHUQHQ 6LH GLH 6FKUDXEHQ $ VLHKH $EE XP GLH
/HLWHUSODWWH . ]X OÐVHQ
+HEHQ 6LH GLH /HLWHUSODWWH . DXV GHP &KDVVLV KHUDXV %LWWH
EHDFKWHQ 6LH LP 6HUYLFHIDOO GD| GLH /HLWHUSODWWH . QLFKW PLW
7HLOHQ GHU /HLWHUSODWWH ( LQ %HUÚKUXQJ NRPPW
. %2$5'
. %2$5'
&KDVVLV
$%2$5'
)LJ
&KDVVLV )LJ
$
$
6HLWHQDQVLFKW
6LGH 9LHZ
$EE $EE
&KDVVLV )UDPH
(%2$5'
,QVHUW %HDG &ODPSHU
)LJ
$EE
+LHU GHQ &KDVVLVKDOWHU HLQK QJHQ
&KDVVLVUDKPHQ
)LJ
$EE
)LJ
$EE
7; ;'3)
+2: 72 029( 7+( &+$66,6 ,172 7+(
6(59,&( 326,7,21
5HOHDVH WKH 0 3&% DV H[SODLQHG RQ SDJH
7XUQ WKH FKDVVLV WKURXJK
E
DQWL FORFNZLVH DV VKRZQ LQ
ILJ DQG )LJ
&OLS WKH FKDVVLV RQWR WKH %HDG FODPSHU DV VKRZQ LQ ILJ
DQG ILJ
$IWHU VHUYLFLQJ HQVXUH DOO ZLULQJ LV UHWXUQHG WR LWV RULJLQDO
SRVLWLRQ EHIRUH UHWXUQLQJ WKH UHFHLYHU WR WKH FXVWRPHU
*(5 7(&+$66,6 ,1 5(3$5$78567(//81*
%5,1*(1
/ÐVHQ 6LH GLH /HLWHUSODWWH 0 ZLH DXI 6HLWH EHVFKULHEHQ
'UHKHQ 6LH MHW]W GDV &KDVVLV XP
E
HQWJHJHQ GHP
8KU]HLJHUVLQQ LQ GLH 3RVLWLRQ ZLH LQ $EE XQG JH]HLJW
,Q GLH ÑIIQXQJ GHV &KDVVLVUDKPHQV GHQ &KDVVLFKDOWHU
ZHOFKHUVLFK REHQ UHFKWV DP *HK XVHUDKPDQ EHILQGHW
HLQK QJHQ 6LHFKH $EE XQG
1DFK HUIROJWHU 5HSDUDWXU(LQVWHOOXQJ PÚVVHQ GLH
/HLWXQJHQ ZLHGHU LQ LKUH XUVSUÚQJOLFKH /DJH JHUEUDFKW
ZHUGHQ EHYRU GDV )6 *HU W DQ GHQ .XQGHQ ÚEHUJHEHQ
ZLUG
7; ;'3)
6(59,&( 02'(
7KH UHPRWH FRQWURO LV XVHG IRU HQWHULQJ DQG VWRULQJ DGMXVWPHQWV ZLWK WKH H[FHSWLRQ RI FXW RII DGMXVWPHQWV ZKLFK PXVW DOZD\V EH GRQH
SULRU WR VHUYLFH DGMXVWPHQW 3HUIRUP DGMXVWPHQWV LQ DFFRUGDQFH ZLWK VFUHHQ GLVSOD\ 7KH GLVSOD\ RQ WKH VFUHHQ DOVR VSHFLILHV WKH &&8
YDULDQWV DV ZHOO DV WKH DSSUR[ VHWWLQJ YDOXHV 7KH DGMXVWPHQW VHTXHQFH IRU WKH VHUYLFH PRGH LV LQGLFDWHG EHORZ
6HW WKH %DVV WR PD[LPXP SRVLWLRQ VHW WKH 7UHEOH WR
PLQLPXP SRVLWLRQ SUHVV WKH ) EXWWRQ IROORZHG E\ WKH
YROXPH GRZQ EXWWRQ RQ WKH FXVWRPHU FRQWUROV DW WKH IURQW
RI WKH 79 DQG DW WKH VDPH WLPH SUHVV WKH 5HYHDO EXWWRQ RQ
WKH UHPRWH FRQWURO WKLV ZLOO SODFH WKH 79 LQWR WKH 6HUYLFH
0RGH
3UHVV WKH 5(' *5((1 EXWWRQV WR VWHS XS GRZQ WKURXJK
WKH IXQFWLRQV
3UHVV WKH <(//2: %/8( EXWWRQV WR DOWHU WKH IXQFWLRQ
YDOXHV
3UHVV WKH 6725( EXWWRQ DIWHU HDFK DGMXVWPHQW KDV EHHQ
PDGH WR VWRUH WKH UHTXLUHG YDOXHV
7R H[LW WKH 6HUYLFH 0RGH SUHVV WKH 1RUPDOLVDWLRQ EXWWRQ
127(
7KLV 79 DOVR KDV WKH RSWLRQ RI XVLQJ D 0HPRU\ 3DFN ZKLFK HQDEOHV \RX WR FRS\ WKH SUHVHW 79 FKDQQHOV LQWR WKH 0HPRU\ 3DFN DQG
WKHQ GRZQORDG WKHP RQWR WKLV RU DQ\ RWKHU (852 6 79 VHW
79 WR 0HPRU\ 3DFN SURFHVV
3OXJ WKH PHPRU\ SDFN LQWR WKH ORZHU RI WKH WZR SLQ
WHUPLQDOV DW WKH EDFN RI WKH 79 DQG VZLWFK WKH 79 RQ ,I WKH
79 KDV RQO\ RQH SLQ FRQQHFWRU WKHQ WKLV ZLOO EH DEOH WR
DFFHSW WKH PHPRU\ SDFN
*R LQWR WKH 6HUYLFH 0RGH DV H[SODLQHG DERYH 7KH VFUHHQ
ZLOO VKRZ
([WHUQDO!!79
3URJUDP
3UHVV WKH EOXH EXWWRQ RQ WKH UHPRWH FRQWURO 7KH VFUHHQ ZLOO
VKRZ
3URJUDP
79!!([WHUQDO
3UHVV WKH 6725( EXWWRQ RQ WKH 79 7KH VFUHHQ ZLOO
VKRZ
6WRULQJ
$OO WKH WXQLQJ LQIRUPDWLRQ VWRUHG LQVLGH WKH 79 ZLOO QRZ EH
WUDQVIHUUHG WR WKH 0HPRU\ 3DFN 7KLV SURFHVV ZLOO WDNH
PLQXWHV WR FRPSOHWH DQG ZKHQ ILQLVKHG WKH VFUHHQ ZLOO
VKRZ
2.
0HPRU\ 3DFN WR 79 3URFHVV
3OXJ WKH PHPRU\ SDFN LQWR WKH ORZHU RI WKH WZR SLQ
WHUPLQDOV DW WKH EDFN RI WKH 79 DQG VZLWFK WKH 79 RQ ,I WKH
79 KDV RQO\ RQH SLQ FRQQHFWRU WKHQ WKLV ZLOO EH DEOH WR
DFFHSW WKH PHPRU\ SDFN
*R LQWR WKH 6HUYLFH 0RGH DV H[SODLQHG DERYH 7KH VFUHHQ
ZLOO VKRZ
([WHUQDO!!79
3URJUDP
3UHVV WKH 6725( EXWWRQ RQ WKH 79 7KH VFUHHQ ZLOO
VKRZ
/RDGLQJ
$OO WKH WXQLQJ LQIRUPDWLRQ VWRUHG LQVLGH WKH 0HPRU\ 3DFN
ZLOO QRZ EH WUDQVIHUUHG WRWKH 79 7KLV SURFHVV ZLOO WDNH
PLQXWHV WR FRPSOHWH DQG ZKHQ ILQLVKHG WKH VFUHHQ ZLOO
VKRZ
2.
7KH WXQLQJ LQIRUPDWLRQ IURP WKH 0HPRU\ 3DFN KDV QRZ
EHHQ FRSLHG LQWR WKH 79
7R H[LW IURP WKH 6HUYLFH 0RGH SUHVV WKH 1RUPDOLVDWLRQ
EXWWRQ
7KH SURFHVV KDV QRZ EHHQ FRPSOHWHG DQG WKH 0HPRU\
3DFN FDQ QRZ EH UHPRYHG
(UURUV
,I DQ HUURU RFFXUV ZKLOH XVLQJ WKH 0HPRU\ 3DFN WKH 79 ZLOO GHWHFW WKLV DQG WKH VFUHHQ ZLOO VKRZ
3URJUDP
(UURU
,I WKLV KDSSHQV WKHQ SUHVV WKH 1RUPDOLVDWLRQ EXWWRQ DQG UHSHDW WKH SURFHVV WKDW ZDV EHLQJ XVHG ,I WKH HUURUV FRQWLQXH WR RFFXU WKHQ FKHFN
WKH FRQQHFWRUV EHWZHHQ WKH 79 DQG WKH PHPRU\ SDFN DQG FKHFN WKH 9 EDWWHU\ LQVLGH WKH PHPRU\ SDFN
7; ;'3)
6(59,&( 02'86
'LH )HUQEHGLHQXQJ GLHQW ]XP (LQJHEHQ XQG $EVSHLFKHUQ GHU (LQVWHOOZHUWH PLW $XVQDKPH GHU 6SHUUSXQNWHLQVWHOOXQJ GLH JUXQGV W]OLFK
YRU GHQ KLHU EHVFKULHEHQHQ (LQVWHOOXQJHQ YRUJHQRPPHQ ZHUGHQ PXVV 'LH (LQVWHOOXQJ HUIROJW HQWVSUHFKHQG GHP %LOGVFKLUP 'LVSOD\
$XI GHP %LOGVFKLUP 'LVSOD\ HUVFKHLQHQ DXFK GLH &&8 9DULDQWHQ VRZLH GLH XQJHI KUHQ (LQVWHOOZHUWH 'LH (LQVWHOOIROJH IÚU GHQ
6HUYLFH 0RGXV LVW QDFKVWHKHQG EHVFKULHEHQ
'HQ 7LHIHQUHJOHU DXI +ÐFKVWHOOXQJ XQG GHQ +ÐKHQUHJOHU
DXI 0LQGHVWVWHOOXQJ VWHOOHQ1DFKGHP GLH ) 7DVWH DP
%HGLHQIHOG GHV )6 *HU WHV JHGUÚFNW ZXUGH GLH 7DVWH
l/DXWVW UNH0LQXVlDP)6 *HU W GUÚFNHQ XQG JOHLFK]HLWLJ
GLH 7DVWH l5HYHDOl DXI GHU )HUQEHGLHQXQJ EHW WLJHQ
+LHUGXUFK ZLUG GDV )6 *HU W DXI 6HUYLFH 0RGXV
JHVFKDOWHW
'LH HLQ]HOQHQ )XQNWLRQHQ PLW +LOIH GHU 527(1 XQG
*5Û1(1 7DVWH DQZ KOHQ
0LW GHU *(/%(1 XQG %/$8(1 7DVWH GLH :HUWH GHU
HLQ]HOQHQ )XQNWLRQHQ QGHUQ
1DFK MHGHU (LQVWHOOXQJ GLH 7DVWH 675 DXI GHU
)HUQEGLHQXQJ RGHU DP %HGLHQIHOG GUÚFNHQ XP GLH
JH QGHUWHQ :HUWH DE]XVSHLFKHUQ
=XP 9HUODVVHQ GHV 6HUYLFH 0RGXVGLH l1l 7DVWH DXIGHU
)HUQEGLHQXQJ GUÚFNHQ
+,1:(,6
'LHVHV )6 *HU W ELHWHW DXFK GLH 0ÐJOLFKNHLW HLQHV 0HPRU\ 3DFN PLW GHP 6LH GLH JHZ KOWHQ )HUQVHKNDQ OH DEVSHLFKHUQ XQG
DXI MHGHV EHOLHELJH (8526 )6 *HU W XPNRSLHUHQ NÐQQHQ
.RSLHUHQ GHU (LQVWHOOGDWHQ YRP )6 *HU W LQ GDV 0HPRU\
3DFN
'DV 0HPRU\ 3DFN LQ GLH XQWHUH GHU EHLGHQ SROLJHQ
6WHFNHUOHLVWHQ DQ GHU 5ÚFNVHLWH GHV )6 *HU WV VWHFNHQ
XQG GDV *HU W HLQVFKDOWHQ :HQQ GDV )6 *HU W QXU HLQH
SROLJH $QVFKOXVVOHLVWH KDW NDQQ GDV 0HPRU\ 3DFN
DXFK DQ GLHVH DQJHVFKORVVHQ ZHUGHQ
:LH VFKRQ REHQ EHVFKULHEHQ DXI 6HUYLFH 0RGXV
XPVFKDOWHQ $XI GHP %LOGVFKLUP HUVFKHLQW
([WHUQDO!!79
3URJUDP
1XQ GLH EODXH 7DVWH DQ GHU )HUQEHGLHQXQJ EHW WLJHQ $XI
GHP %LOGVFKLUP HUVFKHLQW
3URJUDP
79!!([WHUQDO
'LH 7DVWH 6725( DP )HUQVHKHU GUÚFNHQ 'HU %LOGVFKLUP
PHOGHW QXQ
6WRULQJ
'LH LP )6 *HU W DEJHVSHLFKHUWHQ .DQDO (LQVWHOOGDWHQ
ZHUGHQ QXQ LQ GDV 0HPRU\ 3DFN ÚEHUVSLHOW EHL
DEJHVFKORVVHQHU 'DWHQÚEHUWUDJXQJ PHOGHW GHU
%LOGVFKLUP
2.
.RSLHUHQ GHU (LQVWHOOGDWHQ YRP 0HPRU\ 3DFN LQ GDV
)6 *HU W
'DV 0HPRU\ 3DFN LQ GLH XQWHUH GHU EHLGHQ SROLJHQ
6WHFNHUOHLVWHQ DQ GHU 5ÚFNVHLWH GHV )6 *HU WV VWHFNHQ
XQG GDV *HU W HLQVFKDOWHQ :HQQ GDV )6 *HU W QXU HLQH
SROLJH $QVFKOXVVOHLVWH KDW NDQQ GDV 0HPRU\ 3DFN
DXFK DQ GLHVH DQJHVFKORVVHQ ZHUGHQ
:LH VFKRQ REHQ EHVFKULHEHQ DXI 6HUYLFH 0RGXV
XPVFKDOWHQ $XI GHP %LOGVFKLUP HUVFKHLQW
([WHUQDO!!79
3URJUDP
'LH 7DVWH 6725( DP )HUQVHKHU GUÚFNHQ 'HU %LOGVFKLUP
PHOGHW QXQ
/RDGLQJ
'LH LP 0HPRU\ 3DFN DEJHVSHLFKHUWHQ (LQVWHOOGDWHQ
ZHUGHQ QXQ LQ GDV )6 *HU W ÚEHUVSLHOW EHL
DJJHVFKORVVHQHU 'DWHQÚEHUWUDJXQJ PHOGHW GHU
%LOGVFKLUP
2.
'LH .DQDO (LQVWHOOGDWHQ VLQG GDPLW YRP 0HPRU\ 3DFN LQ
GDV )6 *HU W ÚEHUVSLHOW
=XP 9HUODVVHQ GHV 6HUYLFH 0RGXVGLH l1l 7DVWH DXIGHU
)HUQEGLHQXQJ GUÚFNHQ
'HU .RSLHUYRUJDQJ LVW VRPLW DEJHVFKORVVHQ XQG GDV
0HPRU\ 3DFN NDQQ YRQ GHU 6WHFNHUOHLVWH DEJH]RJHQ
ZHUGHQ
)(+/(5
)DOOV EHLP *HEUDXFK GHV 0HPRU\ 3DFNV )HKOHU DXIUHWHQ ]HLJW GDV )6 *HU W GLHV DXI GHP %LOGVFKLUP PLW GHU IROJHQGHQ 0HOGXQJ DQ
3URJUDP
(UURU
,Q GLHVHP )DOO PXVV GHU 6HUYLFH 0RGXV GXUFK 'UÚFNHQ GHU l1l 7DVWH DXIGHU )HUQEHGLHQXQJ YHUODVVHQ XQG DQVFKOLHVVHQG GHU9RUJDQJ
ZLHGHUKROW ZHUGHQ )DOOV ZHLWHUKLQ )HKOHUPHOGXQJHQ HUVFKHLQHQ PÚVVHQ GLH $QVFKOXVVNRQWDNWH ]ZLVFKHQ )6 *HU W XQG 0HPRU\ 3DFN
VRZLH GLH 9 %DWWHULH LP 0HPRU\ 3DFN NRQWUROOLHUW ZHUGHQ
7; ;'3)
$/,*10(17 6(77,1*6
7KH ILJXUHV XVHG EHORZ DUH QRPLQDO DQG XVHG IRU UHSUHVHQWDWLYH SXUSRVHV RQO\
$OLJQPHQW )XQFWLRQ
6HWWLQJV 6SHFLDO IHDWXUHV
9HUWLFDO DPSOLWXGH 9 $03
9HUWLFDO V\PPHWU\ 96<0
2SWLPXP VHWWLQJ
9HUWLFDO OLQHDULW\ 9/,1
9HUW '& 9HUW '&
1RW WR EH DGMXVWHG
9 3RV 9 3RV
2SWLPXP VHWWLQJ
+RUL]RQWDO DPSOLWXGH +$03
2
W
L
W
W
L
+RUL]RQWDO SRVLWLRQ + 326
2SWLPXP VHWWLQJ
7H[W 3RVLWLRQ 7(;7 326,7,21
2SWLPXP VHWWLQJ
(: DPSOLWXGH ( : $03
2SWLPXP VHWWLQJ
(: DPSOLWXGH ( : $03
2SWLPXP VHWWLQJ
7UDSH]LXP FRPS 75$3(=
2SWLPXP VHWWLQJ
7UDSH]LXP FRPS 75$3(=
2SWLPXP VHWWLQJ
&RORXU 9&2 &RORXU 9&2
3UHVV HLWKHU %OXH RU <HOORZ EXWWRQV WR HIIHFW DXWRPDWLF
DGMXVWPHQW
&XW RII '& &XW RII '&
1RW WR EH DGMXVWHG
8J 7HVW 8J 7HVW
7R DGMXVW WKH VFUHHQ VHWWLQJV 7XUQ 3 XQWLO D FRORXU
UHDFKHV
á
SODFH DQ RVFLOORVFRSH SUREH RQ WKH
FDWKRGH ZLWK WKH KLJKHVW RXWSXW DQG DGMXVW 3 VR
WKH RVFLOORVFRSH WUDFH UHDGV
9 SHDN WKHQ WXUQ 3 XS VR WKH KLJKHVW QXP
EHUHG ER[ RQ WKH 79 VFUHHQ UHDGV
á
&XWRII
&XWRII 3UHVV WKH *5((1 EXWWRQ WR VWHS WKURXJK WKH VHWWLQJV
$GMXVW IRU RSWLPXP
:KLWH :KLWH
3UHVV WKH *5((1 EXWWRQ WR VWHS WKURXJK WKH VHWWLQJV
$GMXVW IRU RSWLPXP
7; ;'3)
$%*/(,&+7$%(//(
'LH DQJHJHEHQHQ :HUWH VLQG 0LWWHOZHUWH XQG .ÐQQHQ LQGLYLGXHOO QDFK REHQ RGHU XQWHQ QDFK GHP NRUUHNWHQ $EJOHLFK DEZHLFKHQ
$EJOHLFKIXQNWLRQ (LQVWHOOXQJ%HVRQGHUH 0HUNPDOH
9HUWLNDOH $PSOLWXGH 9$03
9HUWLNDOH V\PPHWULH 96<0
2SWLPDOH (LQVWHOOXQJ
9HUWLFDO OLQHDULW W 9/,1
9HUW '& 9HUW '&
1LFKW HLQVWHOOHQ
9 3RV 9 3RV
2SWLPDOH (LQVWHOOXQJ
+RUL]RQWDOH $PSOLWXGH + $03
2
L
O
(
L
O
O
+RUL]RQWDOH SRVLWLRQ + 326
2SWLPDOH (LQVWHOOXQJ
7H[W 3RVLWLRQ 7(;7 326,7,21
2SWLPDOH (LQVWHOOXQJ
2: DPSOLWXGH ( : $03
2SWLPDOH (LQVWHOOXQJ
2: DPSOLWXGH ( : $03
2SWLPDOH (LQVWHOOXQJ
7UDSH] .RPSHQVDWLRQ 75$3(=
2SWLPDOH (LQVWHOOXQJ
7UDSH] .RPSHQVDWLRQ 75$3(=
2SWLPDOH (LQVWHOOXQJ
&RORXU 9&2 &RORXU 9&2
2SWLPDOH (LQVWHOOXQJ
&XW RII '& &XW RII '&
1LFKW HLQVWHOOHQ
%LOGVFKLUP 8J 7HVW
=XP (LQVWHOOHQ GHV %LOG VFKLUPV 3 DXI /LQN
VDQVFKODJ VWHOOHQ2V]LOORJUDSK DQ GLH 5RWNDWRGH DQVFK
OLHVVHQ XQG PLW 3 DXI 9 HLQVWHOOHQ GDQDFK
3 VR HLQVWHOOHQ GD| LP URWHQ )HOG DXI GHP )6
%LOGVFKLUP GHU :HUW
HUVFKHLQW
&XWRII
&XWRII 'LH (LQVWHOOXQJHQ PLW +LOIH GHU *5Û1(1 7DVWH
DQZ KOHQ
2SWLPDOH (LQVWHOOXQJ
:KLWH :KLWH
'LH (LQVWHOOXQJHQ PLW +LOIH GHU *5Û1(1 7DVWH
DQZ KOHQ
2SWLPDOH (LQVWHOOXQJ
7; ;'3)
6(/) &+(&.
6HOI FKHFN LV XVHG WR DXWRPDWLFDOO\ FKHFN WKH %XV /LQHV DQG +H[DGHFLPDO FRGH RI WKH 79 VHW
7R JHW LQWR WKH 6HOI &KHFN PRGH SUHVV WKH ) EXWWRQ IROORZHG E\ WKH YROXPH GRZQ EXWWRQ RQ WKH FXVWRPHU FRQWUROV DW WKH IURQW RI WKH 79
DW WKH VDPH WLPH SUHVVLQJ WKH 6WDWXV EXWWRQ RQ WKH 5HPRWH &RQWURO DQG WKH VFUHHQ ZLOO VKRZ
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
7XQHU
9,)
((3520
6RXQG $9
VZLWFK
9LGHR $9
VZLWFK
9'3
738
'ROE\ ,&
IRU &5
3602'(
37$
37$
37$
,I WKH &&8 SRUWV KDYH EHHQ FKHFNHG DQG IRXQG WR EH
LQFRUUHFW WKHQ l l ZLOO DSSHDU LQ SODFH RI l2.l
RN
RN
RN
RN
3 6%/('
32))
3 '()/
3 5$0
+H[ FRGHV
$
RN
063
'ROE\ 6XE
'ROE\ ,&
IRU /5
37$
3 6'$
3 6&/
3 6&/
3 6&/
RN
RN
RN
$'-8670(17 352&('85(
,WHP3UHSDUDWLRQ $GMXVWPHQWV
% 6(7 83
2SHUDWH WKH 79 VHW
6HW WKH FRQWUROV
%ULJKWQHVV PLQLPXP
&RQWUDVW PLQLPXP
6HW WKH % YROWDJH XS DV IROORZV
$GMXVW
3
VR WKDW
8
VKRZV 9 9
&RQILUP WKH IROORZLQJ YROWDJHV
8
9
8
9
8
9
8
9
8
9
8
9
8
9
86%
9
8
9
80
.8
.8
.8
9
.8
9
.8
9
5) $*&
5HFHLYH D WHVW SDWWHUQ
&RQQHFW DQ RVFLOORVFRSH EHWZHHQ WKH
WXQHU 5) $*& DQG JURXQG
6HW WKH RVFLOORVFRSH JDLQ UDQJH WR
9GLY
&KHFN WKDW WKH QRLVH EHFRPHV ODUJH ZKHQ WKH 5) $*& 95
3
LV WXUQHG FRXQWHUFORFNZLVH $IWHU WKH FKHFN WXUQ LW FORFNZLVH
*UDGXDOO\ WXUQ WKH 5) $*& 95 DQWL FORFNZLVH DQG VHW WR D SRLQW
ZKHUH WKH YROWDJH GURSV E\ 9 IURP WKH PD[LPXP YDOXH
&87 2))
5HFHLYH D EODFN DQG ZKLWH VLJQDO
'HJDXVV WKH WXEH H[WHUQDOO\
6HW WKH 79 LQWR 6HUYLFH 0RGH
6HOHFW 8J 7HVW
&RQILUP ZKLFK FRORXU KDV WKH ELJJHVW YDOXH
7XUQ WKH VFUHHQ 95
3
WR PLQLPXP
&RQQHFW DQ RVFLOORVFRSH WR WKH FDWKRGH ZLWK WKH ELJJHVW YDOXH
FRORXU
$GMXVW
3
WR JHW D ORZ OLJKW SXOVH YROWDJH RI 9 9
$GMXVW
3
WR ZKLFKHYHU FRORXU UHDFKHV ILUVW
)2&86
5HFHLYH D WHVW SDWWHUQ $GMXVW WKH IRFXV DW WKH IO\EDFN WUDQVIRUPHU IRU RSWLPXP VHWWLQJ
7; ;'3)
6(/%67',$*126(
'LH 6HOEVWGLDJQRVH GLHQW ]XP DXWRPDWLVFKHQ 3UÚIHQ GHU %XV /HLWXQJHQ VRZLH GHV +H[DGH]LPDOFRGHV GHV )6 *HU WV
=XP 8PVFKDOWHQ DXI 6HOEVWGLDJQRVH QDFK GHP 'UÚFNHQ GHU l)l 7DVWH GLH l/DXWVW UNH 0LQXVl7DVWH DP %HGLHQIHOG GHV )6 *HU WV XQG
JOHLFK]HLWLJ GLH 7DVWH l6WDWXVl DQ GHU )HUQEHGLHQXQJ GUÚFNHQ DXI GHP %LOGVFKLUP HUVFKHLQW KLHUDXI
RN
RN
RN
RN
7XQHU
=) 9HUVW UNHU
((3520
$XGLR
$9 6FKDOWHU
9LGHR
$9 6FKDOWHU
9LGHR
$9 6FKDOWHU
:HQQ GHU +DXSWSUR]HVVRU &&8 DQ GHQ $QVFKOÚVVHQ HLQHQ
)HKOHU ILQGHQ VROOWH RGHU GHU $QVFKOXVV QLFKW EHOHJW LVW ]HLJW
GLH HQWVSUHFKHQGH 3RVLWLRQ DQVWHOOH YRQ 2. DQ
+H[DGH]LPDOFRGH
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
RN
'ROE\ ,&
IRU &5
3602'(
37$
37$
37$
37$
3 6'$
3 6&/
3 6&/
3 6&/
063
'ROE\ 6XE
'ROE\ ,&
IRU /5
9LGHR $9
VZLWFK
3 6%/('
32))
3 '()/
3 5$0
$
RN
RN
RN
1DFK GHU 6HOEVWGLDJQRVH ZLUG GDV *HU W DXWRPDWLVFK DXI V PWOLFKH ZHUNVVHLWLJHQ 6WDQGDUGHLQVWHOOXQJHQ ]XUÚFNJHVHW]W
$%*/(,&+7$%(//(
$EJOHLFK9RUEHUHLWXQJ (LQVWHOOXQJ
%HWULHEVSDQQXQJ
7HVWELOG HPSIDJHQ
*HU WHHLQVWHOOXQJHQ
+HOOLJNHLW PLQLPXP
.RQWUDVW PLQLPXP
'LH % 6SDQQXQJ ZLH IROJW HLQVWHOOHQ
0LW
3
GLH
8
DXI 9 9 HLQVWHOOHQ
)ROJHQGH 6SDQQXQJHQ NRQWUROOLHUHQ
8
9
8
9
8
9
8
9
8
9
8
9
8
9
86%
9
8
9
80
.8
.8
.8
9
.8
9
.8
9
+) 5HJHOVSDQQXQJ
)DUEEDONHQWHVWELOG
(LQHQ 2V]LOORJUDSK '& 0RGXV DQ 3LQ
YRP 7XQHU DQ GLH $*& DQVFKOLHVVHQ
3 DXI /LQNVDQVFKODJ GUHKHQ XP ]X NRQWUROOLHUHQ RE GLH
5HJHOIXQNWLRQ DUEHLWHW'HU 5DXVFKDQWLHO LP %LOG PX| GHXWOLFK HUKÐKW
VHLQ 'DQQDFK 3 DXI 5HFKWVDQVFKODJ VWHOOHQ
3 JHJHQ GHQ 8KU]HLJHUVLQQ GUHKHQ ELV GLH 5HJHOVSDQQXQJ XP
9 YRP 0D[LPXP DEVLQNW
&87 2)) (LQVWHOOXQJ
(LQ VFKZDU] ZHL| 7HVWELOG HPIDQJHQ
'LH %LOGUÐKUH YRQ DXVVHQ
HQWPDJQHWLVLHUHQ
'HQ 6HUYLFH 0RGXV DXIUXIHQ
'HQ $EJOHLFK IÚU 8* 7HVW DXVZ KOHQ
95 3 DXI /LQNVDQVFKODJ VWHOOHQ
(LQ 2V]LOORVNRS DQ GLH .DWRGH PLW GHU KÐFKOLHVVHQ
0LW 3 HLQHQ :HUW YRQ 9VV 9 HLQVWHOOHQ
3
VRDEJOHLFKHQGD|LQHLQHP GHU)HOGHU DXIGHP%LOGVFKLUPGHU
:HUW HUUHLFKW ZLUG
+,1:(,6
%HL NRUUHNWHP $EJOHLFK YRQ
3
ZLUG GHU YRUKHU VWXPPJHVFKDOWHWH
7RQ DXWRPDWLVFK IUHLJHVFKDOWWHW
)2.86
)DUEEDONHQWHVWELOG 'HQ )RNXVUHUJOHU DP =HLOHQWUDQVIRUPDWRU EHL %HREDFKWXQJ GHV
*HVDPWELOGHV RSWLPDO HLQVWHOOHQ
7; ;'3)
3,1 ,
X VHFGLY
3,1 :
X VHFGLY
3,1 :
X VHFGLY
3,1 :
X VHFGLY
3,1 7
X VHFGLY
3,1 ,
X VHFGLY
3,1 :
X VHFGLY
3,1 :
P VHFGLY
3,1 :
P VHFGLY
%$6( 4
X VHFGLY
3,1 :
P VHFGLY
3,1 :
X VHFGLY
3,1 ,
P VHFGLY
3,1 ,
P VHFGLY
3,1 ,
P VHFGLY
%/8( '5,9(
Y
*5((1 '5,9(
Y
5(' '5,9(
Y
3,1 :
X VHFGLY
&2//(&725 4
P VHFGLY
&2//(&725 4
X VHFGLY
3,1 ,
X VHFGLY
:$9()250 3$77(51 7$%/(
6,*1$/ 7$%(//(
3,1 ,
X VHFGLY
7; ;'3)
6&+(0$7,& ',$*5$0 )25 02'(/
7; ;'3&
(XUR 6 &KDVVLV
,03257$17 6$)(7< 127,&(
&RPSRQHQWV LGHQWLILHG E\ PDUN KDYH VSHFLDO
FKDUDFWHULVWLFV LPSRUWDQW IRU VDIHW\ :KHQ UHSODFLQJ DQ\ RI
WKHVH FRPSRQHQWV XVH RQO\ PDQXIDFWXUHUV VSHFLILHG SDUWV
1RWHV
5(6,6725
$OO UHVLVWRUV DUH FDUERQ : UHVLVWRU XQOHVV PDUNHG DV IROORZV
8QLW RI UHVLVWDQFH LV 2+0
. 0
&$3$&,7256
$OO FDSDFLWRUV DUH FHUDPLF 9 XQOHVV PDUNHG DV IROORZV
8QLW RI FDSDFLWDQFH LV
³
) XQOHVV RWKHUZLVH VWDWHG
&2,/
8QLW RI LQGXFWDQFH LV
³
+ XQOHVV RWKHUZLVH VWDWHG
&RPSRQHQWV PDUNHG / RQ WKH VFKHPDWLF GLDJUDP VKRZV
OHDGOHVV SDUWV
7(67 32,17
7HVW 3RLQW SRVLWLRQ
($57+ 6<0%2/
&KDVVLV (DUWK &ROG
/LQH (DUWK +RW
92/7$*( 0($685(0(17
9ROWDJH LV PHDVXUHG E\ D '& YROWPHWHU
0HDVXUHPHQW FRQGLWLRQV DUH DV IROORZV
3RZHU VRXUFH $& 9 9 +]
5HFHLYLQJ 6LJQDO &RORXU %DU VLJQDO 5)
$OO FXVWRPHU FRQWUROV 0D[LPXP SRVLWLRQ
,QGLFDWHV WKH 9LGHR VLJQDO SDWK
,QGLFDWHV WKH $XGLR VLJQDO SDWK
,
QGLFDWHV WKH 9HUWLFDO+RUL]RQWDO VLJQDO SDWK
7KLV VFKHPDWLF GLDJUDP LV WKH ODWHVW DW WKH WLPH RI SULQWLQJ DQG LV
VXEMHFW WR FKDQJH ZLWKRXW QRWLFH
5HPDUNV
7KH 3RZHU &LUFXLW FRQWDLQV D FLUFXLW DUHD ZKLFK XVHV D VHSDUDWH
SRZHUVXSSO\ WR LVRODWH WKH HDUWK FRQQHFWLRQ 7KH FLUFXLW LV GHILQHG
E\ +27 DQG &2/' LQGLFDWLRQV LQ WKH VFKHPDWLF GLDJUDP $OO
FLUFXLWV H[FHSW WKH 3RZHU &LUFXLW DUH &2/' 7DNH WKH IROORZLQJ
SUHFDXWLRQV
3UHFDXWLRQV
D
'R QRW WRXFK WKH KRW SDUW RU WKH KRW DQG FROG SDUWV DW WKH VDPH
WLPH DV \RX DUH OLDEOH WR D VKRFN KD]DUG
E
'R QRW VKRUW FLUFXLW WKH KRW DQG FROG FLUFXLWV DV HOHFWULFDO
FRPSRQHQWV PD\ EH GDPDJHG
F
'R QRW FRQQHFW DQ LQVWUXPHQW VXFK DV DQ RVFLOORVFRSH WR WKH KRW
DQG FROG FLUFXLWV VLPXOWDQHRXVO\ DV WKLV PD\ FDXVH IXVH IDLOXUH
&RQQHFW WKH HDUWKRI WKH LQVWUXPHQWV WR WKH HDUWKFRQQHFWLRQ RI WKH
FLUFXLW EHLQJ PHDVXUHG
G
0DNH VXUH WR GLVFRQQHFW WKH SRZHU SOXJ EHIRUH UHPRYLQJ WKH
FKDVVLV
=(,&+(1(5./ 581* )Û5 02'(//
7; ;'3&
(XUR 6 &KDVVLV
:,&+7,*(5 6,&+(5+(,76+,1:(,6
7HLOH GLH PLW HLQHQ +LQZHLV JHNHQQ]HLFKQHW VLQG VLQG
ZLFKWLJ IÚU GLH 6LFKHUKHLW 6ROOWH HLQ $XVZHFKVHOQ HUIRUGHUOLFK
VHLQ VLQG XQEHGLQJW 2ULJLQDOWHLOH HLQ]XVHW]HQ
$QPHUNXQJ
:,'(567$1'(
$OOH :DWW :LGHUVW QGH VLQG .RKOHZLGHUVW QGH $EZHLFKXQJHQ
VLQG IROJW JHNHQQ]HLFKQHW
'LH 0D|HLQKHLW LVW 2+0
. 0
.21'(16$725(1
$OOH .RQGHQVDWRUHQ VLQG .HUDPLNDXVIÚUXQJHQ
6SDQQXQJVIHVWLJNHLW 9 $EZHLFKXQJHQ VLQG ZLH IROJW
JHNHQQ]HLFKQHW
'LH 0D|HLQKHLW LVW
³
) ZHQQH NHLQH DQGHUVHQ
%H]HLFKQXQJHQ JHQQDQW VLQG
638/(1
'LH 0D|HLQKHLW LVW
³
+$EZHLFKXQJHQ VLQG JHNHQQ]HLFKQHW
0LW / JHNHQQ]HLFKQHWH 7HLOH VLQG RKQH $QVFKOX|GU KWH
7(67381.(
.HQQ]HLFKQXQJ GHU 7HVWSXQNWSRVLWLR
0$66( 6<0%2/
(UGXQJ DP &KDVVLV
(UGXQJ DQ 0DVVH /HLWXQJ
63$1181*60(6681*
6SDQQXQJVPHVVXQJHQ VLQG PLW HLQHP '& 9ROWPHWHU
GXUFK]XIÚKUHQ 'LH 0H|EHGLQJXQJHQ VLQG IROJHQGH
1HW]VSDQQXQJ $& 9 9 +]
:LHGUHJDEH 6LJQDO )DUEEDONHQ 7HVWELOG
$OOH ÚEULJHQ (LQVWHOOXQJHQ IÚU %HQXW]HU 6ROODQJDEHQ
9LGHRVLJQDOZHJ
$XGLRVLJQDOZHJ
6LJQDOZHJ IÚU +RU9HUW 6\QFKURQVLJQDOH
$QGHUXQJHQ LP /DXIH GHU )HUWLJXQJ VLQG PÐJOLFK
%HPHUNXQJHQ
'DV 6FKDOWQHW]WHLO HQWK OW %HUHLFKH GLH GLUHNW PLW GHP 1HW]
YHUEXQGHQ VLQG 'LHVH %HUHLFKH VLQG LP 6FKDOSODQ PLW +27
JHNHQQ]HLFKQHW $OOH DQGHUHQ 6FKDOWXQJHQ VLQ PLW &2/'
JHNHQQ]HLFKQHW XQG +DEHQ NHLQH GLUHNWH 9HUELQGXQJ PLW GHP
QHW]
)ÚU GHQ QHW]YHUEXQGHQHQ %HUHLFK +27 VLQG
IROJHQGH 9RUVLFKWVPDVVUHJHLQ ]X EHDFKWHQ
D
:HGHU GLH /HLWXQJHQ LP KHL|HQ QRFK /HLWXQJHQ LP KHL|HQ XQG LP
NDOWHQ %HUHLFK JOHLFK]HLWLJ EHUÚKUHQ (V EHVWHKW GLH *HIDKU HLQHV
HOHNWULVFKHQ 6FKODJHV
E
.HLQHVIDOOV GLH /HLWXQJHQ LP KHL|HQ %HUHLFK PLW GHQHQ LP NDOWHQ
%HUHLFK YHUELQGHQ RGHU NXU]VFKOLHVVHQ 'LHV NDQQ ]XU =HUVWÐUXQJ
YRQ %DXWHLOHQ RGHU 6LFKHUXQJHQ IÚKUHQ $X|HUGHP LVW GLH
HOHNWULVFKH %HWULHEVVLFKHUKHLW GHV *HU WHV QLFKW PHKU JHJHEHQ
F
.HLQH 0HVVLQVWUXPHQWH JOHLFK]HLWLJ DQ /HLWXQJHQ LP KHLVVHQ XQG
NDOWHQ %HUHLFK DQVFKOLHVVHQ 6LFKHUXQJHQ NÐQQWHQ ]HUVWÐUW
ZHUGHQ 'LH (UGH GHV 0HVVLQVWUXPHQWHV LPPHU PLW GHU GHV ]X
SUÚIHQGHQ 6FKDOWNUHLVHV YHUELQGHQ
G
9RU $XVEDX GHV &KDVVLV 6WHFNHU DXV GHU 1HW]VWHFNGRVH ]LHKHQ
32:(5 6833/< $1' &21752/ %/2&. ',$*5$0 675209(5625*81*6 %/2&.6&+(0$
,
7
(
/
(
7
(
;
7
,
7
(
;
7
0
(
0
2
5
<
,
5
(
6
(
7
,
0
,
&
5
2
3
5
2
&
(
6
6
2
5
&
2
1
7
5
2
/
,
(
(
3
5
2
0
0
(
0
2
5
<
,
(
3
5
2
0
3
5
2
*
5
$
0
0
(
0
(
0
2
5
<
,
9
,
'
(
2
3
5
2
&
(
6
6
2
5
,
6
2
8
1
'
3
5
2
&
(
6
6
2
5
,
9
5
(
*
,
$
9
6
:
,
7
&
+
,
1
*
,
$
9
6
:
,
7
&
+
,
1
*
,
9
5
(
*
,
&
2
0
%
)
,
/
7
(
5
&
2
1
7
5
2
/
,
&
2
0
%
)
,
/
7
(
5
,
,
)
3
5
2
&
(
6
6
2
5
,
9
5
(
*
,
3
6
8
&
2
1
7
5
2
/
,
9
5
(
*
,
9
5
(
*
,
$
8
'
,
2
2
8
7
3
8
7
,
9
(
5
7
,
&
$
/
2
8
7
3
8
7
7
8
1
(
5
6
'
$
7
'
+
(
$
'
3
+
2
1
(
$
0
3
4
<
3
&
%
4
'
5
,
9
(
5
4
/
,
1
(
2
8
7
3
8
7
)
%
7
'
'
9
9
9
9
9
9
9
6
%
9
9
&
/
2
&
.
'
$
7
$
&
/
2
&
.
9
6
%
9
9
9
9
9
9
9,'(2 %/2&. ',$*5$0 %,/'6,*1$/ %/2&.6&+(0$
7
8
1
(
5
;
)
,
/
7
(
5
,
9
,
'
(
2
'
(
0
2
'
8
/
$
7
2
5
4
%
8
)
)
(
5
:
$
9
4
%
8
)
)
(
5
4
%
8
)
)
(
5
4
0
,
;
(
5
:
$
9
-
.
$
9
4
%
8
)
)
(
5
&
9
<
'
:
(
5
$
6
&
$
6
$
$
$
$
$
$
$
$
$
$
<
5
3
3
&
&
<
<
<
0
6
<
4
%
8
)
)
(
5
4
%
8
)
)
(
5
,
7
(
/
(
7
(
;
7
,
0
(
0
2
5
<
,
9
,
'
(
2
3
5
2
&
(
6
6
2
5
4
%
8
)
)
(
5
4
$
0
3
4
$
0
3
4
%
8
)
)
(
5
4
$
0
3
4
$
0
3
4
%
8
)
)
(
5
4
$
0
3
4
$
0
3
5
*%
4
4
4
4
4
4
'
5
,
9
(
4
4
2
8
7
3
8
7
$
0
3
4
4
4
4
4
4
'
5
,
9
(
4
4
2
8
7
3
8
7
$
0
3
4
4
4
4
4
4
'
5
,
9
(
4
4
2
8
7
3
8
7
$
0
3
5
(
6
,
6
7
2
5
0
$
7
5
,
;
4
4
4
4
4
4
'
5
,
9
(
5
4
6
3
2
7
6
8
3
5
(
6
6
4
&
8
7
2
)
)
4
4
2
8
7
3
8
7
$
0
3
,
$
9
6
:
,
7
&
+
5*%
&
9
<
&
9
<
9
<
&
7
2
9
0
&
2
,
/
6
$
*
&
7
8
1
(
5
9
,
'
(
2
,
1
+
2
8
7
99
9
4
6
3
2
7
6
8
3
5
(
6
6
4
$
0
3
$8',2 %/2&. ',$*5$0 7216,*1$/ %/2&.6&+(0$
781(5 ;
),/7(5
4
%8))(5
4
$03
,
6,) ),/7(5
4
$03
4
%8))(5
4
%8))(5
4
%8))(5
,
$8',2 287387
$03
,
$8',2
0,;(5
'(02'8/$725
92/80(
%$66
75(%/(
&21752/
6
,
)
:
$
9
:
$
9
:
/
:
5
4
087(
4
087(
4
087(
/5
/5
/5
/5
/55/
7
8
1
(
5
2
8
7
$
9
,
1
6
,
)
,
1
$
9
,
1
$
9
2
8
7
$
9
,
1
$
9
2
8
7
5/
5/
/
5
4
%8))(5
+
(
$
'
3
+
2
1
(
2
8
7
4
%8))(5
-
.
$
9
/5
$
9
,
1
4
4
$03
4
4
$03
4
087(
4
087(
/5
4
087(
4
087(
4
087(
4
%8))(5
4
087(
4
087(
6
:
,
7
&
+
2
)
)
0
8
7
(
)
5
2
0
,
3
,
1
6
:
,
7
&
+
2
1
0
8
7
(
,
$9 6:,7&+,1*
/
+
3
+
2
1
(
5
+
3
+
2
1
(
$
8
'
,
2
6
,
*
1
$
/
0
8
7
(
6
,
*
1
$
/
7
2
'
2
/
%
<
%
2
$
5
'
)
5
2
0
'
2
/
%
<
%
2
$
5
'
9253
9250
92&3
92&0
92/3
92/0
)5
)/
55
5/
/LQP
5LQP
/LQV
5LQV $963
,&
,&
,&
,&
,&
,&
,&
,&
/LQ
5LQ
,&
6
X
U
U
R
X
Q
G
,&
)
U
R
Q
W
5
)
U
R
Q
W
/
&
H
Q
W
U
H
4
4
,
,
,
,
7
%
5
,
'
*
(
5
(
&
7
,
:
9,
1
92
87
9
9
9
:
9 /,1(
9 /,1(
9 /,1(
'2/%< %/2&. ',$*5$0
6,*1$/ /,1(
'2/%< %/2&.6&+(0$
Other Panasonic TV manuals
Panasonic
Panasonic TC-21Z99M User manual
Panasonic
Panasonic TX-28XD1C User manual
Panasonic
Panasonic Viera TH-37PX80E User manual
Panasonic
Panasonic TX-48CW304 User manual
Panasonic
Panasonic TX-29PS1P User manual
Panasonic
Panasonic CT-D14R User manual
Panasonic
Panasonic TH-42PV600AZ User manual
Panasonic
Panasonic TX-29F255H User manual
Panasonic
Panasonic TH-32FS500Z Assembly instructions
Panasonic
Panasonic AG527DVDE - DVD/VCR/MONITOR User manual
Panasonic
Panasonic Viera TH-42PZ81B User manual
Panasonic
Panasonic CT-35XF53 User manual
Panasonic
Panasonic TC-21FX20RG User manual
Panasonic
Panasonic Viera TH-D42PS81EA User manual
Panasonic
Panasonic QuintrixF TX-21AP2 User manual
Panasonic
Panasonic TC-M29 User manual
Panasonic
Panasonic TX-32DK20F User manual
Panasonic
Panasonic CT27D11E - 27" COLOR TV User manual
Panasonic
Panasonic TX-68KP150Z User manual
Panasonic
Panasonic CT32G6E - 32" COLOR TV User manual
