
- 11 -
6SHFLILFDWLRQV
'LVSOD\
/('GLVSOD\ 39GLVSOD\VHJPHQW/('
JUHHQGLJLWVFKDQQHOVWREHGLVSOD\HG
LQGLYLGXDOO\
69GLVSOD\VHJPHQW/('
RUDQJHGLJLWV
&+GLVSOD\VHJPHQW/('
RUDQJHGLJLW
$FWLRQGLVSOD\/(' &RQWURORXWSXWGLVSOD\287287
287
$XWRWXQLQJ±$7
)ROORZW\SH69GLVSOD\±)/:
3URJUDP581±581
(YHQWRXWSXWGLVSOD\(9(9(9
5HPRWHLQSXWGLVSOD\±5(0
&RPPXQLFDWLRQGLVSOD\±&20
'LVSOD\DFFXUDF\ s)6GLJLW6WDQGDUGDFFXUDF\
7HPSHUDWXUHUDQJHLQ
ZKLFKDFFXUDF\LV
PDLQWDLQHG & s&
'LVSOD\UHVROXWLRQ 'HSHQGVRQPHDVXULQJUDQJH
6DPSOLQJF\FOH VHFRQGV
0HDVXUHGYDOXHGLVSOD\UDQJH
±WRRIPHDVXULQJUDQJH
6HWWLQJ
6HWWLQJ %\IURQWNH\RSHUDWLRQ
6HWWLQJUDQJH 6DPHDVPHDVXULQJUDQJH
+LJKHUORZHUOLPLW
VHWWLQJOLPLWHU +LJKHUDQGORZHUOLPLWVWREHVHW
VHSDUDWHO\IUHHZLWKLQPHDVXULQJUDQJH
/RZHUOLPLWKLJKHUOLPLW
)ROORZW\SH69VHWWLQJ
69RI&+RU&+FDQEHVHWWR IROORZ
&+GHYLDWLRQVHWWLQJRQFRQGLWLRQ
WKDWPHDVXULQJUDQJHRI&+RU&+LV
WKHVDPHDVWKDWRI&+
,QSXW
,QSXWW\SHKDVWREHWKHVDPHIRUFKDQQHOVPHDVXULQJUDQJHFDQ
EHVHOHFWHGLQGLYLGXDOO\WKRXJK
7KHUPRFRXSOH %56.(-713/,,&:5H
^/8',1`
0XOWLSOHLQSXWPXOWLSOHUDQJH5HIHUWR
PHDVXULQJUDQJHFRGHWDEOH
([WHUQDOUHVLVWDQFH PD[LPXP
,QSXWLPSHGDQFH NPLQLPXP
%XUQRXW 6WDQGDUGIHDWXUHXSVFDOH
&ROGMXQFWLRQWHPSHUDWXUHFRPSHQVDWLRQ
$FFXUDF\ s&&
57' -,63W-3WZLUHW\SH
0XOWLSOHUDQJH5HIHUWRPHDVXULQJUDQJH
FRGHWDEOH
$PSHUDJH $ERXWP$
/HDGZLUHWROHUDEOH
5HVLVWDQFH PD[LPXPZLU
9ROWDJH s
P9'&RU s
9'&
0XOWLSOHLQSXWSURJUDPPDEOHUDQJHDODUP
5HIHUWRPHDVXULQJUDQJHFRGHWDEOH
&XUUHQW P$'&
0XOWLSOHLQSXWSURJUDPPDEOHUDQJH5HIHU
WRPHDVXULQJUDQJHFRGHWDEOH
5HFHLYLQJLPSHGDQFH
6DPSOLQJF\FOH VHFRQGV
39ELDV sGLJLW
39ILOWHU 2))VHFRQGV
)ROORZW\SH39LQSXW
39LQSXWRI&+RU&+FDQEHVHWWR
IROORZ&+GHYLDWLRQVHWWLQJRQFRQGLWLRQ
WKDWPHDVXULQJUDQJHRI&+RU&+LVWKH
VDPHDVWKDWRI&+
,VRODWLRQ ,QVXODWHGEHWZHHQLQSXWDQGYDULRXVRXWSXWV
QRWLQVXODWHGEHWZHHQLQSXWDQGV\VWHP
UHPRWHLQSXWDQG',LQSXW
&RQWURO
&RQWUROPRGH ([SHUW3,'FRQWUROZLWKDXWRWXQLQJIXQFWLRQ
3URSRUWLRQDOEDQG32)))62)) 212))DFWLRQ
,QWHJUDOWLPH, 2))V2)) 33'DFWLRQZLWK
PDQXDOUHVHW
'HULYDWLYHWLPH' 2))V2)) 33,DFWLRQ
0DQXDOUHVHW s
212))K\VWHUHVLV GLJLW
3URSRUWLRQDOF\FOH VHFRQGV
VHFLVXQLWIRUVHWWLQJ
&RQWURORXWSXW
FKDUDFWHULVWLFV 5$'$VHOHFWDEOHVHWWR5$ZKHQVKLSSHG
2XWSXWOLPLWHU +LJKHUOLPLWORZHUOLPLW
ORZHUOLPLW+LJKHUOLPLW
6RIWVWDUW 2))21)L[HGWRVHF9DOLGZKHQ
SRZHULVWXUQHGRQ576ĺ581DQGZKHQ
UHWXUQHGIURPVFDOHRYHU
&RQWURORXWSXWUDWLQJ
2XWSXWVSHFLILFDWLRQKDVWREHWKHVDPHIRUFKDQQHOV
&RQWDFWRXWSXW< D9$&$UHVLVWLYHORDG
&XUUHQWRXWSXW, P$P$'&
ORDGUHVLVWDQFHPD[LPXP
665GULYHYROWDJH
RXWSXW3 9 s9'&
/RDGFXUUHQWP$PD[LPXP
9ROWDJHRXWSXW9 9'&
/RDGFXUUHQWP$PD[LPXP
2SHUDWLRQRXWSXW
XSGDWLQJF\FOH VHFRQG
,VRODWLQ ,QVXODWHGEHWZHHQFRQWURORXWSXWDQG
V\VWHPDQGLQSXW
QRWLQVXODWHGEHWZHHQFRQWURORXWSXW,3RU
9DQGDQDORJRXWSXW
(YHQWRXWSXWRSWLRQDO
1XPEHURIRXWSXWV (9(9(96HOHFWDEOHIURP&+
&+DQG&+LQGLYLGXDOVHWWLQJLQGLYLGXDO
RXWSXW
2XWSXWUDWLQJ &RQWDFWRXWSXWDFRPPRQ9$&$
UHVLVWLYHORDG
6HWWLQJ ,QGLYLGXDOVHWWLQJ
2))1RWDVVLJQHG
'(9+LJKHUOLPLWGHYLDWLRQYDOXH
'(9/RZHUOLPLWGHYLDWLRQYDOXHDODUP
'(9+LJKHUORZHUOLPLWYDOXHDODUPLQ
FDVH69LVRXWRIPHDVXULQJUDQJH
'(9+LJKHUORZHUOLPLWYDOXHDODUPLQ
FDVH69LVZLWKLQPHDVXULQJUDQJH
39+LJKHUOLPLWDEVROXWHYDOXHDODUP
39/RZHUOLPLWDEVROXWHYDOXHDODUP
6221XSRQVFDOHRYHU
58121GXULQJSURJUDP581
(1'21IRUVHFXSRQ
67(321IRUVHFXSRQWHUPLQDWLRQRI
SURJUDPVWHS
+\VWHUHVLV GLJLW
ZKHQ'(9RU39KDVEHHQVHOHFWHG
6WDQGE\DFWLRQ 6HOHFWDEOH
ZKHQ'(9RU39KDVEHHQVHOHFWHG
$FWLRQGHOD\WLPH 2))VHFRQGV
ZKHQ'(9RU39KDVEHHQVHOHFWHG
,VRODWLRQ ,QVXODWHGEHWZHHQDODUPRXWSXWDQGYDULRXV
LQSXWVRXWSXWVDQGV\VWHP
5HPRWHVHWWLQJRSWLRQDOVHOHFWDEOHEHWZHHQWKLVDQG',
6HWWLQJVLJQDO 99P$
6HWWLQJUDQJH 6DPHDVPHDVXULQJUDQJH
$FFXUDF\RIVHWWLQJ s6)GLJLW
&KDQQHOIRUVHWWLQJ 6HOHFWDEOHIURP&+&+DQG&+