7; :')
&217(176
6$)(7< 35(&$87,216
/2&$7,21 2) &21752/6
6(59,&( +,176
$'-8670(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
:KHQVHUYLFLQJ REVHUYH WKHRULJLQDOOHDG GUHVVLQ 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
LQVXODWLRQEDUULHUVLQVXODWLRQ 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/' &+(&.
8QSOXJ WKH $& FRUG DQG FRQQHFW D MXPSHU EHWZHHQ WKH
WZR 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 KDVD UHWXUQ SDWK WR WKH FKDVVLV WKH UHDGLQJ VKRXOGEH
EHWZHHQ 0RKPDQG 0RKP :KHQ WKH H[SRVHGPHWDO
GRHV QRW KDYH D UHWXUQ SDWK WR WKH FKDVVLV WKH UHDGLQJ
PXVW EH LQILQLWH
&217(176
35(&$87,216 '( 6(&85,7(
(03/$&(0(17 '(6 &200$1'(6
68**(67,216 '( 6(59,&(
5(*/$*þ6
$872 7(67
7$%/($8 '( 0,5(6 '( )250(6 '21'(6
98( '8 &,5&8,7 ,035,0þ
6&+(0$ 6<1237,48(
',$*5$00( 6&+(0$7,48(
(03/$&(0(17 '(6 3,(&(6
/,67( '(6 3,(&(6 '( 5(&+$1*(
35(&$87,216 '( 6(&85,7(
&RQVHLOV *HQHUDX[
$YDQW GHIIHFWXHU WRXWH U YLVLRQ GXQ FK VVLV VRXV WHQVLRQ
LO HVW UHFRPPDQG GLQVWDOOHU XQ WUDQVIRUPDWHXU
GLVRODWLRQ
,O HVW LPSRUWDQW ORUV GHV U SDUDWLRQV GH FRQVHUYHU
ODSRVLWLRQ LQLWLDO GH WRXUV OHV ILOV HW IDLVFHDX[ VXUWRXW GDQV
OH FLUFXLW GH OD KDXWH WHQVLRQ 5HPSODFHU WRXWHV OHV SLýFHV
DIIHFW HV SDU OD FKDOHXU G JDJ H ORUV GXQ FRUW FLUFXLW
$SU VOHVU SDUDWLRQV VDVVXUHU TXH WRXWHV OHV SLýFHV
SURWHFWULFHV WHOOHV TXH EDUULýUHV RX SDSLHUV
LVRODQWVEOLQGDJHV HW U VHDX[ GLVRODWLRQ 5 & VRLHQW
FRQYHQDEOHPHQW SODF HV
,OHVW SU IUDEOHGHG EUDQFKHUOH ILO GDOLPHQWDWLRQ VL OD W O
FRXOHXU QH GRLW SDV ûWUH XWLOLV H SHQGDQW XQ FHUWDLQ
WHPSV
8QH WHQVLRQ OHY H GH ORGUH GH N9 HVW SU VHQWH HQ
SOXVLHXUV HQGURLWV ORUVTXH ODSSDUHLO HVW HQ FLUFXLW ,O \ D
GDQJHU GH FKRFV OHFWULTXHV ORUVTXH OH FRQWDFW HVW WDEOL
HQ DEVHQFH GX SDQQHDX DUUL UH 7RXWH SHUVRQQH TXL WHQWH
GH U SDUHU FHW DSSDUHLO GRLW GDERUG ûWUH FRQVFLHQWH GHV
SU FDXWLRQV REVHUYHU DYDQW GH WUDYDLOOHU VXU XQ FLUFXLW
KDXWH WHQVLRQ 7RXMRXUV G FKDUJHU ODQRGH GX WXEH
FDWKRGLTXH DX FK VVLV DYDQW GH PDQLSXOHU
$SUýV WRXWU SDUDWLRQRQGRLWHIIHFWXHUOHVWHVWVGH FRXUDQW
GH IXLWH GDQV OH EXW G YLWHU WRXW FKRF
9(5,),&$7,21 '(6 &285$176 '( )8,7( 6$16
$/,0(17$7,21
' EUDQFKHU OH ILO GDOLPHQWDWLRQ HW LQVWDOOHU XQ ILO 675$3
HQWUH OHV GHX[ EURFKHV GH OD ILFKH
3ODFHU OLQWHUUXSWHXU FRPPH SRXU WDEOLU OH FRQWDFW VXU
ODSSDUHLO
0HVXUHU OD U VLVWDQFH HQWUH OHV EUDQFKHV GH OD ILFKH
GDOLPHQWDWLRQ HW OHV SLýFHV P WDOOLTXHV YLVLEOHV WHOOHV TXH
WûWHV GH YLV DQWHQQHV DUEUH GHV FRPPDQGHV VXSSRUW
GHV SRLJQ HV HWF &HUWDLQHV GH FHV SLýFHV VRQW HQ
FRQWDFW DYHF OH FK VVLV HW OD UýVLVWDQFH PHDVXU H GHYUDLW
VH VLWXUH HQWUH 0
HW 0
/DU VLVWDQFHGHV SLýFHV TXL
QH VRQW SDV HQ FRQWDFW DYHF OH FK VVLV GRLW ûWUH LQILQLH
*