Download Woodstock W1703/W1714 User's Manual

Transcript
BD9:AL&,%($L&,&) &%I67A:H6L
>CHIGJ8I>DCB6CJ6A
E]dcZ/&"(+%",()"()-'™Dc"A^cZIZX]c^XVaHjeedgi/iZX]"hjeedgi5h]de[dm#W^o
8DENG><=ID8ID7:G!'%%(7NLDD9HID8@>CI:GC6I>DC6A!>C8#G:K>H:9?JC:!'%%)#
L6GC>C</CDEDGI>DCD;I=>HB6CJ6AB6N7:G:EGD9J8:9>C6CNH=6E:DG;DGBL>I=DJI
I=:LG>II:C6EEGDK6AD;LDD9HID8@>CI:GC6I>DC6A!>C8#
Eg^ciZY^cIV^lVc
N8IE@E>
Jfd\[ljkZi\Xk\[Ypgfn\ijXe[`e^#jXn`e^#^i`e[$
`e^#[i`cc`e^#Xe[fk_\iZfejkilZk`feXZk`m`k`\jZfe$
kX`ejZ_\d`ZXcjbefnekfk_\JkXk\f]:Xc`]fie`Xkf
ZXlj\ ZXeZ\i# Y`ik_ [\]\Zkj fi fk_\i i\gif[lZk`m\
_Xid%Jfd\\oXdgc\jf]k_\j\Z_\d`ZXcjXi\1
›
›
›
C\X[]ifdc\X[$YXj\[gX`ekj%
:ipjkXcc`e\j`c`ZX]ifdYi`Zbj#Z\d\ek#Xe[
fk_\idXjfeipgif[lZkj%
8ij\e`ZXe[Z_ifd`ld]ifdZ_\d`ZXccp
ki\Xk\[cldY\i%
Pflii`jb]ifdk_\j\\ogfjli\jmXi`\j#[\g\e[`e^fe
_fnf]k\epfl[fk_`jkpg\f]nfib%Kfi\[lZ\pfli
\ogfjli\kfk_\j\Z_\d`ZXcj1nfib`eXn\ccm\ek`$
cXk\[ Xi\X# Xe[ nfib n`k_ Xggifm\[ jX]\kp \hl`g$
d\ek# jlZ_ Xj k_fj\ [ljk dXjbj k_Xk Xi\ jg\Z`Xccp
[\j`^e\[kf]`ck\iflkd`ZifjZfg`ZgXik`Zc\j%
8JJ<D9CP
8;ALJKD<EKJ
FG<I8K@FEJ
D8@EK<E8E:<
G8IKJ
$*$
J8=<KP
LJ<K?<HL@:B>L@;<G8><C89<CJKFJ<8I:?FLK@E=FID8K@FE=8JK
@EKIF;L:K@FE
7DEOHRI&RQWHQWV
@ekif[lZk`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%,
8YflkPfliE\n(':fekiXZkfiJXn%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% ,
NXiiXekpXe[I\kliej%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% Jg\Z`]`ZXk`fej%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% J8=<KP%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%.
JkXe[Xi[JX]\kp@ejkilZk`fej%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% .
Befn`e^PfliDXZ_`e\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% 0
8[[`k`feXcJX]\kp@ejkilZk`fej]fiKXYc\JXnj%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%('
8mf`[`e^Gfk\ek`Xc@eali`\j%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%((
B`ZbYXZb%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%()
:fddfeK\idj%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(*
<c\Zki`ZXc%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(+
@ekif[lZk`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(+
N(.'*%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(+
N(.(+%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(+
:`iZl`k9i\Xb\ij%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(,
<ok\ej`fe:fi[j%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(,
>ifle[`e^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(,
8JJ<D9CP%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% (LegXZb`e^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(@em\ekfip%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(GXikj@em\ekfip%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(.
?Xi[nXi\9X^j%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(0
:c\Xe`e^DXZ_`e\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)'
J_fgGi\gXiXk`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)'
JkXe[%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)(
;ljk?ff[%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)*
?Xe[n_\\cj%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)*
9cX[\:_\Zb%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)*
Dfkfi%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)+
M$9\ck%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%),
Glcc\p:fm\i%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%),
<ok\ej`feN`e^j%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)=\eZ\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)/
9cX[\>lXi[&Jgc`kk\i%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*'
Gfn\iJn`kZ_\j%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*(
KXYc\@ej\ikj%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*)
8;ALJKD<EKJ%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% **
9cX[\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%**
9cX[\GXiXcc\c`jd%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*+
=\eZ\GXiXcc\c`jd%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*Jgc`kk\i%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*.
+,ñGfj`k`m\Jkfg%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*/
0'ñGfj`k`m\Jkfg%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*0
8e^c\Gf`ek\i%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+'
D`k\i>Xl^\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+'
Nfid>\Xi%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+(
K\jkIle%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+)
@EKIF;L:K@FE
J8=<KP
8JJ<D9CP
G8IKJ
D8@EK<E8E:<
FG<I8K@FEJ
8;ALJKD<EKJ
FG<I8K@FEJ%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% +*
9cX[\J\c\Zk`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+*
Kffk_:fe]`^liXk`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+,
9cX[\?\`^_k%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+,
=\\[IXk\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+,
:ifjjZlkk`e^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+I`gg`e^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+.
:lkk`e^D`k\ij%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+/
9cX[\K`ck&9\m\c:lkj%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+/
;X[f:lkj%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+0
IXYY\k:lkj%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+0
8]k\idXib\kJX]\kp8ZZ\jjfi`\j%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%,'
J_fg$DX[\JX]\kp8ZZ\jjfi`\j%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%,(
D8@EK<E8E:<%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% ,)
>\e\iXc%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%,)
:c\Xe`e^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%,)
KXYc\9Xj\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%,)
ClYi`ZXk`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%,)
J\im`Z\Cf^%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%,*
N`i`e^;`X^iXd%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%,+
GXikj%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%,-
$+$
8YflkPfliE\n(':fekiXZkfiJXn
K_`je\nE:AB8AJ™('KXYc\JXn_XjY\\ejg\Z`Xccp[\j`^e\[kfgifm`[\dXepp\Xijf]kiflYc\]i\\
j\im`Z\%:cfj\Xkk\ek`fekf[\kX`c#il^^\[cpYl`ckgXikjXe[Xi`^`[hlXc`kpZfekifcgif^iXdXjjli\jX]\
Xe[i\c`XYc\fg\iXk`fe%
K_\[`]]\i\eZ\jY\kn\\ek_\knfdf[\cjXi\k_\dfkfi#dX^e\k`Zjn`kZ_\j#Xe[k_\\ok\ej`fen`e^
fgk`fej%K_\ E:AB8AJžDf[\cN(.'*]\Xkli\jX((Ð)?Gdfkfi#gi\$n`i\[]fi(('mfckj#Xe[_\Xmp$
[lkpd\kXc\ok\ej`fen`e^j%K_\Df[\cN(.(+]\Xkli\jX)?Gdfkfi#gi\$n`i\[]fi))'mfckj#Xe[
gi\Z`j`fe$^ifle[ZXjk`ife\ok\ej`fen`e^j%
Nff[jkfZb@ek\ieXk`feXc#@eZ%`jZfdd`kk\[kfZljkfd\ijXk`j]XZk`fe`egifm`[`e^k_`jdXelXc%@k`jfli
`ek\ekkfdXb\jli\Xcck_\`e]fidXk`fee\Z\jjXip]fijX]\kp#\Xj\f]Xjj\dYcp#giXZk`ZXclj\Xe[[liX$
Y`c`kpf]k_`jgif[lZkY\`eZcl[\[%
@]pfle\\[k_\cXk\jk\[`k`fef]k_`jdXelXc#pflZXe[fnecfX[`k]ifd_kkg1&&nnn%j_fg]fo%Y`q%
@]pfljk`cc_Xm\hl\jk`fejX]k\ii\X[`e^k_\cXk\jkdXelXc#fi`]pfl_Xm\Zfdd\ekjgc\Xj\ZfekXZkljXk1
Nff[jkfZb@ek\ieXk`feXc#@eZ%
8kke1K\Z_e`ZXcJlggfik;\gXikd\ek
G%F%9fo)*'0
9\cc`e^_Xd#N80/)).
Nff[jkfZbJ\im`Z\Xe[Jlggfik
N\jkXe[Y\_`e[flidXZ_`e\j@ek_\\m\ekk_XkX[\]\Zk`j]fle[#gXikjXi\d`jj`e^fihl\jk`fejXi`j\
XYflkpflidXZ_`e\#gc\Xj\ZfekXZkNff[jkfZb@ek\ieXk`feXcJ\im`Z\Xe[JlggfikXk($*-'$.*+$*+/)fi
j\e[\$dX`ckf1k\Z_$jlggfik7j_fg]fo%Y`q%Flibefnc\[^\XYc\jkX]]n`cc_\cgpflkiflYc\j_ffkgifY$
c\dj#fi[\igXikjfiXiiXe^\nXiiXekpi\kliej%
$,$
@EKIF;L:K@FE
,QWURGXFWLRQ
@EKIF;L:K@FE
NXiiXekpXe[I\kliej
Nff[jkfZb@ek\ieXk`feXc#@eZ%nXiiXekjXcc E:AB8AJždXZ_`e\ipkfY\]i\\f][\]\Zkj]ifdnfib$
dXej_`gXe[dXk\i`Xcj]fiXg\i`f[f])p\Xij]ifdk_\[Xk\f]fi`^`eXcgliZ_Xj\Ypk_\fi`^`eXcfne\i%
K_`jnXiiXekp[f\jefkXggcpkf[\]\Zkj[l\[`i\Zkcpfi`e[`i\Zkcpkfd`jlj\#XYlj\#e\^c`^\eZ\fi
XZZ`[\ekj#cXZbf]dX`ek\eXeZ\#fikfi\gX`ijfiXck\iXk`fejdX[\fijg\Z`]`ZXccpXlk_fi`q\[YpXepfe\
fk_\ik_XeNff[jkfZb@ek\ieXk`feXc#@eZ%
Nff[jkfZb@ek\ieXk`feXc#@eZ%n`cci\gX`ifii\gcXZ\#Xk`kj\og\ej\Xe[Xk`kjfgk`fe#k_\ E:AB8AJž
dXZ_`e\fidXZ_`e\gXikn_`Z_`eefidXclj\_Xjgifm\ekfY\[\]\Zk`m\#gifm`[\[k_Xkk_\fi`^`eXc
fne\ii\kliejk_\gif[lZkgi\gX`[kfk_\ E:AB8AJž]XZkfipj\im`Z\Z\ek\ifiXlk_fi`q\[i\gX`i
]XZ`c`kp[\j`^eXk\[Ypfli9\cc`e^_Xd#N8f]]`Z\#n`k_giff]f]k_\`igliZ_Xj\f]k_\gif[lZkn`k_`e)
p\Xij#Xe[gifm`[\jNff[jkfZb@ek\ieXk`feXc#@eZ%i\XjfeXYc\fggfikle`kpkfm\i`]pk_\Xcc\^\[[\]\Zk
k_ifl^_`ejg\Zk`fe%@]`k`j[\k\id`e\[k_\i\`jef[\]\Zk#fik_Xkk_\[\]\Zki\jlck\[]ifdZXlj\jefk
n`k_`ek_\jZfg\f]Nff[jkfZb@ek\ieXk`feXc@eZ%jnXiiXekp#k_\ek_\fi`^`eXcfne\idljkY\Xik_\
Zfjkf]jkfi`e^Xe[i\klie`e^k_\gif[lZk%
K_`j`jNff[jkfZb@ek\ieXk`feXc#@eZ%jjfc\ni`kk\enXiiXekpXe[XepXe[XccnXiiXek`\jk_XkdXpY\
`dgc`\[YpcXn#`eZcl[`e^Xepd\iZ_XekXY`c`kpfi]`ke\jj#]fiXepgXik`ZlcXigligfj\#Xi\_\i\Ypc`d`k\[
kfk_\[liXk`fef]k_`jni`kk\enXiiXekp%N\[fefknXiiXekk_Xk E:AB8AJždXZ_`e\ipZfdgc`\j
n`k_k_\gifm`j`fejf]XepcXnfiXZkj%@eef\m\ekj_XccNff[jkfZb@ek\ieXk`feXc#@eZ%jc`XY`c`kple[\i
k_`jnXiiXekp\oZ\\[k_\gliZ_Xj\gi`Z\gX`[]fik_\gif[lZk#Xe[Xepc\^XcXZk`fejYifl^_kX^X`ejk
Nff[jkfZb@ek\ieXk`feXc#@eZ%j_XccY\ki`\[`ek_\JkXk\f]NXj_`e^kfe#:flekpf]N_XkZfd%N\j_Xcc
`eef\m\ekY\c`XYc\]fi[\Xk_#`eali`\jkfg\ijfejfigifg\ikpfi]fi`eZ`[\ekXc#Zfek`e^\ek#jg\Z`Xcfi
Zfej\hl\ek`Xc[XdX^\jXi`j`e^]ifdk_\lj\f]fligif[lZkj%
<m\ip\]]fik_XjY\\edX[\kf\ejli\k_XkXcc E:AB8AJždXZ_`e\ipd\\kj_`^_hlXc`kpXe[[liXY`c$
`kpjkXe[Xi[j%N\i\j\im\k_\i`^_kkfZ_Xe^\jg\Z`]`ZXk`fejXkXepk`d\Y\ZXlj\f]fliZfdd`kd\ekkf
Zfek`elfljcp`dgifm\k_\hlXc`kpf]fligif[lZkj%
Jg\Z`]`ZXk`fej
N(.'*Dfkfi%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%((Ð)?G#(/&08#(('&))'M#J`e^c\$g_Xj\
N(.(+Dfkfi%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% )?G#)+&()8#(('&))'M#J`e^c\$g_Xj\
N(.'*DX^e\kJn`kZ_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% ((Ð)?G#(/8#(('M
N(.(+DX^e\kJn`kZ_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)?G#()8#))'M
Glj_$9lkkfeJkXikJn`kZ_&n<d\i^\eZpJkfg%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% (('&))'M
DXo%N`[k_f]:lki`^_kf]YcX[\ %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)/(Ð)
DXo%N`[k_f];X[f:lk%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% (*Ð(-
DXo`dld;\gk_f]:lk7'ñ%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% *(Ð/
DXo%;\gk_f]:lk7+,ñ%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% )(Ð/
KXYc\J`q\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% ).;o)'(Ð+N
KXYc\?\`^_k%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% *,
8iYfiJ`q\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% ,Ð/j_X]k)(Ð)]cXe^\
8iYfiJg\\[%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% +#),'IGD
9cX[\J`q\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% ('
9Xj\;`d\ej`fe%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% )(No)+(Ð);
N\`^_kN(.'*jXn"]\eZ\ %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% )--cYj%
N\`^_kN(.(+jXn"]\eZ\ %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% )0)cYj%
$-$
J8=<KP
@e[`ZXk\jXe`dd`e\ekcp_XqXi[fljj`klXk`fen_`Z_#`]efkXmf`[\[#N@CC
i\jlck`e[\Xk_fij\i`flj`ealip%
@e[`ZXk\jXgfk\ek`Xccp_XqXi[fljj`klXk`fen_`Z_#`]efkXmf`[\[#:FLC;
i\jlck`e[\Xk_fij\i`flj`ealip%
@e[`ZXk\jXgfk\ek`Xccp_XqXi[fljj`klXk`fen_`Z_#`]efkXmf`[\[#D8P
i\jlck`ed`efifidf[\iXk\`ealip%
EFK@:<
K_`jjpdYfc`jlj\[kfXc\ikk_\lj\ikflj\]lc`e]fidXk`feXYflkgifg\i
fg\iXk`fef]k_\\hl`gd\ek#Xe[&fiXj`klXk`fek_XkdXpZXlj\[XdX^\
kfk_\dXZ_`e\ip%
JkXe[Xi[JX]\kp@ejkilZk`fej
(% K_fifl^_cp i\X[ k_\ @ejkilZk`fe DXelXc Y\]fi\ fg\iXk`e^ pfli dXZ_`e\% C\Xie k_\ Xggc`ZXk`fej#
c`d`kXk`fejXe[gfk\ek`Xc_XqXi[jf]k_`jdXZ_`e\%B\\gk_\dXelXc`eXjX]\Xe[Zfem\e`\ekgcXZ\]fi
]lkli\i\]\i\eZ\%
)% B\\gnfibXi\XZc\XeXe[n\ccc`^_k\[%:clkk\iXe[`eX[\hlXk\c`^_k`e^`em`k\gfk\ek`Xc_XqXi[j%
*% >ifle[Xcckffcj%@]XdXZ_`e\`j\hl`gg\[n`k_Xk_i\\$gife^gcl^#`kdljkY\gcl^^\[`ekfXk_i\\$
_fc\^ifle[\[\c\Zki`ZXci\Z\gkXZc\fi^ifle[\[\ok\ej`feZfi[%@]lj`e^XeX[Xgk\ikfX`[`eXZZfd$
df[Xk`e^Xknf$_fc\i\Z\gkXZc\#^ifle[lj`e^XjZi\nkfXbefne^ifle[%
+% N\Xi\p\gifk\Zk`feXkXcck`d\j%Lj\jX]\kp^cXjj\jn`k_j`[\j_`\c[jfijX]\kp^f^^c\jk_Xkd\\kk_\
Xggifgi`Xk\jkXe[Xi[jf]k_\8d\i`ZXeEXk`feXcJkXe[Xi[j@ejk`klk\8EJ@ %
,% 8mf`[ [Xe^\iflj \em`ifed\ekj% ;f efk fg\iXk\ k_`j dXZ_`e\ `e n\k fi fg\e ]cXd\ \em`ifed\ekj%
8`iYfie\[ljkgXik`Zc\jZflc[ZXlj\Xe\ogcfj`feXe[j\m\i\]`i\_XqXi[%
-% <ejli\Xcc^lXi[jXi\j\Zli\cp`egcXZ\Xe[`enfib`e^Zfe[`k`fe%
.% DXb\jli\jn`kZ_`j`ek_\F==gfj`k`feY\]fi\Zfee\Zk`e^gfn\ikfdXZ_`e\%
/% B\\gnfibXi\XZc\Xe#]i\\f]Zclkk\i#^i\Xj\#\kZ%
0% B\\gZ_`c[i\eXe[m`j`kfijXnXp%M`j`kfijdljkY\b\gkXkXjX]\[`jkXeZ\n_`c\fg\iXk`e^le`k%
('%:_`c[giff]pflinfibj_fgn`k_gX[cfZbj#dXjk\ijn`kZ_\jfiYpi\dfm`e^jkXik\ib\pj%
((%JkfgXe[[`jZfee\Zkk_\dXZ_`e\n_\eZc\Xe`e^#X[aljk`e^fij\im`Z`e^%
$.$
J8=<KP
I<8;D8EL8C9<=FI<FG<I8K@E>D8:?@E<%
=8@CLI<KF=FCCFN@EJKIL:K@FEJ9<CFNN@CC
I<JLCK@EG<IJFE8C@EALIP%
()%;fefk]fiZ\kffc%K_\dXZ_`e\n`cc[fXjX]\iXe[Y\kk\iafYXkk_\iXk\]fin_`Z_`knXj[\j`^e\[%
(*%Lj\Zfii\Zkkffc%;fefk]fiZ\dXZ_`e\fiXkkXZ_d\ekkf[fXafY]fin_`Z_`knXjefk[\j`^e\[%
J8=<KP
(+%N\Xigifg\iXggXi\c%;fefkn\Xicffj\Zcfk_`e^#e\Zbk`\j#^cfm\j#a\n\cip#b\\gcfe^_X`ik`\[lg#
\kZ%
(,%I\dfm\X[aljk`e^b\pjXe[ni\eZ_\j%9\]fi\klie`e^k_\dXZ_`e\fe#dXb\`kX_XY`kkfZ_\Zbk_Xk
XccX[aljk`e^b\pjXe[ni\eZ_\j_Xm\Y\\ei\dfm\[%
(-%Lj\ gifg\i \ok\ej`fe Zfi[% <oXd`e\ k_\ \ok\ej`fe Zfi[ kf \ejli\ `k `j `e ^ff[ Zfe[`k`fe% Lj\ k_\
Z_XikY\cfnkf[\k\id`e\k_\Zfii\Zkc\e^k_Xe[^Xl^\f]\ok\ej`feZfi[e\\[\[]fipfligXik`ZlcXi
e\\[j%K_\XdgiXk`e^f]k_\dfkfiZXeY\]fle[fe`kjeXd\gcXk\%@]k_\dfkfi`j[lXcmfckX^\#Y\
jli\ kf lj\ k_\ Xdg iXk`e^ ]fi k_\ mfckX^\ pfl n`cc Y\ lj`e^% @] pfl lj\ Xe \ok\ej`fe Zfi[ n`k_ Xe
le[\ij`q\[^Xl^\fife\k_Xk`jkffcfe^#\oZ\jj`m\_\Xkn`ccY\^\e\iXk\[n`k_`ek_\Z`iZl`k`eZi\Xj$
`e^k_\Z_XeZ\f]X]`i\fi[XdX^\kfk_\Z`iZl`k%E\m\ilj\Xe\ok\ej`feZfi[k_Xk[f\jefk_Xm\X
^ifle[g`eXe[Zfee\Zk\[^ifle[n`i\%@dd\[`Xk\cpi\gcXZ\Xe\ok\ej`feZfi[`]`kj_fnjXepj`^ejf]
[XdX^\%
(.%B\\ggifg\i]ffk`e^Xe[YXcXeZ\XkXcck`d\j%
(/%;fefkc\Xm\dXZ_`e\leXkk\e[\[%NX`klek`c`kZfd\jkfXZfdgc\k\jkfgY\]fi\c\Xm`e^k_\Xi\X%
(0%G\i]fiddXZ_`e\dX`ek\eXeZ\Xe[ZXi\%=fccfnclYi`ZXk`feXe[XZZ\jjfipXkkXZ_d\ek`ejkilZk`fej
`ek_\dXelXc%
)'%B\\gdXZ_`e\XnXp]ifdfg\e]cXd\%Fg\iXk`e^dXZ_`e\je\Xig`cfkc`^_kjXe[&fifg\e]cXd\jZi\$
Xk\jX_`^_i`jb`][ljk`j[`jg\ij\[`ek_\Xi\X%;ljkgXik`Zc\jXe[Xe`^e`k`fejfliZ\dXpZXlj\Xe
\ogcfj`fe%;fefkfg\iXk\k_\dXZ_`e\`e_`^_$i`jbXi\Xj#`eZcl[`e^Ylkefkc`d`k\[kf#k_fj\d\ek`fe\[
XYfm\%
)(%@]XkXepk`d\pflXi\\og\i`\eZ`e^[`]]`Zlck`\jg\i]fid`e^k_\`ek\e[\[fg\iXk`fe#jkfglj`e^k_\
dXZ_`e\K_\eZfekXZkflij\im`Z\[\gXikd\ekfiXjbXhlXc`]`\[\og\ik_fnk_\fg\iXk`fej_flc[Y\
g\i]fid\[%
))%?XY`kjÇ^ff[ Xe[ YX[ÇXi\ _Xi[ kf Yi\Xb%
;\m\cfg^ff[_XY`kj`epflij_fgXe[jX]\kpn`cc
Y\Zfd\j\Zfe[$eXkli\kfpfl%
K89C<(%
<ok\ej`fe:fi[I\hl`i\d\ekj
C\e^k_8e[>Xl^\
8dgIXk`e^),]k ,']k ('']k
'$-
(-
(- (.$('
(-
(- (+
(($()
(-
(- (+
(*$(-
(+
() ()
(.$)'
()
() ('
)($*'
('
(' Ef
$/$
8cnXpj n\Xi jX]\kp ^cXjj\j fi ^f^^c\j n_\e
fg\iXk`e^ \hl`gd\ek% Fg\iXk`e^ k_`j \hl`g$
d\ek Zi\Xk\j k_\ gfk\ek`Xc ]fi ]cp`e^ [\Yi`j
k_Xk ZXe ZXlj\ \p\ `ealip% <m\ip[Xp ^cXjj\j
fi i\X[`e^ ^cXjj\j fecp _Xm\ `dgXZk i\j`j$
kXek c\ej\j# k_\p Xi\ efk jX]\kp ^cXjj\j% 9\
Z\ikX`e k_\ jX]\kp ^cXjj\j pfl n\Xi d\\k
k_\ Xggifgi`Xk\ jkXe[Xi[j f] k_\ 8d\i`ZXe
EXk`feXcJkXe[Xi[j@ejk`klk\8EJ@ %
Befn`e^PfliDXZ_`e\
(
*
)
+
,
-
.
('
0
/
=`^li\(X%KXYc\jXn]\Xkli\j%
K_\]fccfn`e^`jXc`jkf]k_\kXYc\jXn]\Xkli\j
Xe[]\eZ\Zfdgfe\ekjj_fne`e=`^li\(XXe[
=`^li\(Y%
((
(% D`k\i>Xl^\
)% 9cX[\>lXi[
*% Jgc`kk\i
+% I`g=\eZ\
,% 9XZbIX`c
-% =ifekIX`cN`k_JZXc\
.% 9cX[\K`ck?Xe[n_\\c
/% KXYc\JXnJkXe[
0% 9cX[\?\`^_k?Xe[n_\\c
('% JK8IK&JKFGGlj_9lkkfeJn`kZ_
((% JZXc\@e[`ZXkfi
()% CfZb`e^?Xe[c\
(*% JZXc\
(+% =\eZ\
(+
()
(*
=`^li\(Y%=\eZ\Zfekifcj%
$0$
J8=<KP
8e`dgfikXekgXikf]jX]\kp`jbefn`e^pflidXZ_`e\Xe[`kjZfdgfe\ekj%KXb\k_\k`d\kf]Xd`c`Xi`q\
pflij\c]n`k_k_\Zfekifcjf]pflie\n E:AB8AJžDf[\cN(.'*&N(.(+KXYc\JXnXe[k_\ E:AB
8AJžDf[\cN(.(-8cldX$:cXjj`Z =\eZ\%K_\pn`ccY\]i\hl\ekcpd\ek`fe\[k_ifl^_flkk_\`ejkilZ$
k`fej`ek_`jdXelXc%
J8=<KP
8[[`k`feXcJX]\kp@ejkilZk`fej]fiKXYc\JXnj
I<8;Xe[le[\ijkXe[k_`j
\ek`i\ `ejkilZk`fe dXelXc
Y\]fi\lj`e^k_`jdXZ_`e\%
J\i`flj g\ijfeXc `ealip
dXp fZZli `] jX]\kp Xe[
fg\iXk`feXc`e]fidXk`fe`j
efk le[\ijkff[ Xe[ ]fc$
cfn\[% ;F EFK i`jb pfli
jX]\kpYpefki\X[`e^
LJ<k_`jXe[fk_\idXZ_`e\ipn`k_ZXlk`fe
Xe[ i\jg\Zk% 8cnXpj Zfej`[\i jX]\kp ]`ijk#
Xj `k Xggc`\j kf pfli `e[`m`[lXc nfib`e^
Zfe[`k`fej%Efc`jkf]jX]\kp^l`[\c`e\jZXe
Y\ Zfdgc\k\Ç\m\ip j_fg \em`ifed\ek `j
[`]]\i\ek%=X`cli\kf]fccfn^l`[\c`e\jZflc[
i\jlck `e j\i`flj g\ijfeXc `ealip# [XdX^\
kf\hl`gd\ekfigffinfibi\jlckj%
(% 8CN8PJ lj\ ^lXi[# jgc`kk\i Xe[ Xek`$b`ZbYXZb gXncj fe Xcc k_ifl^_$jXn`e^ fg\iXk`fej% K_ifl^_$
jXn`e^fg\iXk`fejXi\k_fj\n_\ek_\YcX[\ZlkjZfdgc\k\cpk_ifl^_k_\nfibg`\Z\Xj`ei`gg`e^fi
ZifjjZlkk`e^%
)% 8CN8PJ_fc[k_\nfib]`idcpX^X`ejkk_\d`k\i^Xl^\fik_\]\eZ\n_\eZlkk`e^%
*% 8CN8PJlj\Xglj_$jk`Zb]fii`gg`e^eXiifnjkfZb%
+% E<M<Ig\i]fidXepfg\iXk`fe]i\\$_Xe[n_`Z_d\Xejlj`e^fecppfli_Xe[jkfjlggfikfi^l`[\k_\
nfibg`\Z\%8cnXpjlj\\`k_\ik_\]\eZ\fik_\d`k\i^Xl^\kfgfj`k`feXe[^l`[\k_\nfib%
,% E<M<IjkXe[fi_Xm\XepgXikf]pfliYf[p`ec`e\n`k_k_\gXk_f]k_\jXnYcX[\%
-% E<M<Ii\XZ_Y\_`e[fifm\ik_\YcX[\n`k_\`k_\i_Xe[]fiXepi\Xjfe%
.% 8CN8PJdfm\k_\i`g]\eZ\flkf]k_\nXpn_\eZifjjZlkk`e^n`k_k_\d`k\i^Xl^\%
/% E<M<Ilj\k_\]\eZ\XjXZlk$f]]^Xl^\n_\eZifjjZlkk`e^n`k_k_\d`k\i^Xl^\%
0% E<M<IXkk\dgkkf]i\\XjkXcc\[jXnYcX[\n`k_flk]`ijkklie`e^k_\jXnF==%
('% 8CN8PJjlggfikk_\i\XiXe[j`[\jf]k_\jXnkXYc\]fin`[\ficfe^nfibg`\Z\j%
((% 8MF@;B@:B98:BJ%8Zfe[`k`fe`en_`Z_Xg`\Z\f]nff[`jk_ifneYXZbkfnXi[jXefg\iXkfiXkX
_`^_iXk\f]jg\\[%LjlXccp`jZXlj\[Ypk_\jkfZbY\Zfd`e^kiXgg\[Y\kn\\ek_\jkXk`feXip]XZ\
f]k_\i`g]\eZ\Xe[k_\ifkXk`e^j`[\f]k_\jXnYcX[\%;fefkfg\iXk\k_\dXZ_`e\lek`cpflbefn
n_XkXb`ZbYXZb`jXe[_fnkfXmf`[`k%
()% 8MF@;XnbnXi[fg\iXk`fejXe[_Xe[gfj`k`fejn_\i\Xjl[[\ejc`gZflc[ZXlj\pfli_Xe[kfdfm\
`ekfk_\YcX[\Xe[XcnXpjcfZbk_\dfY`c\YXj\`egfj`k`feY\]fi\lj`e^k_\jXn%
(*% E<M<IZlknXig\[jkfZbfijkfZbk_XkdXpZfekX`ecffj\befkj#eX`cjfiXepfk_\i[\]\Zkj%K_\j\
Zfe[`k`fejdXpZXlj\b`ZbYXZb%
$('$
8mf`[`e^Gfk\ek`Xc@eali`\j
J8=<KP
=`^li\)%8CN8PJjlggfikpflinfibg`\Z\
[li`e^XZlk%
=`^li\*%E<M<Iefk]i\\_Xe[ZlkfeXkXYc\
jXn%
=`^li\+%8CN8PJZifjjZlklj`e^k_\d`k\i^Xl^\
fecp%
=`^li\,%E<M<IZifjjZlklj`e^k_\d`k\i^Xl^\
n`k_k_\]\eZ\%
=`^li\-%LJ<]\Xk_\iYfXi[jn_\egfjj`Yc\kf
gifk\ZkX^X`ejkb`ZbYXZb%
=`^li\.%E<M<IjkXe[[`i\ZkcpY\_`e[YcX[\
n_\edXb`e^XZlk%
$(($
J8=<KP
B`ZbYXZb
B`ZbYXZbfZZlijn_\ek_\YcX[\cXleZ_\jk_\nfibg`\Z\kfnXi[k_\]ifekf]k_\jXn%K_`j_Xgg\ejjf
hl`Zbcpk_\fg\iXkfiiXi\cp_Xjk`d\kfi\jgfe[%?\fij_\ZXeY\b`cc\[#j\m\i\cp_likfi_Xm\_`j&_\i
_Xe[]fiZ\[`ekfk_\dfm`e^YcX[\%B`ZbYXZb`jfe\f]k_\dfjkj\i`flj[Xe^\ijk_XkZXefZZlin`k_X
kXYc\jXn%@efi[\ikfgifk\Zkpflij\c]]ifdb`ZbYXZb#`k`j\jj\ek`Xckf\[lZXk\pflij\c]XYflkn_pXe[
_fn`k_Xgg\ej%9\cfn`jXc`jkf]nXpjkfgifk\Zkpflij\c]]ifdb`ZbYXZb%
›
›
›
›
›
;fefkjkXe[[`i\ZkcpY\_`e[k_\
nfibg`\Z\%J_flc[Xb`ZbYXZbfZZli#k_\
nfibg`\Z\dXpY\cXleZ_\[XkX_`^_iXk\f]
jg\\[`ek_\[`i\Zk`fe]ifdn_`Z_`kZXd\%
@]pflXi\jkXe[`e^Y\_`e[k_\nfibg`\Z\#`k
n`cc_`kpfl%@ejk\X[#jkXe[f]]kfk_\j`[\`e
XcfZXk`fen_\i\pflXi\jk`ccXYc\kfdX`e$
kX`ekfkXcZfekifc%
;fefklj\k_\i`g]\eZ\XjX^l`[\n_\e
ZifjjZlkk`e^n`k_k_\d`k\i^Xl^\%K_\
nfibg`\Z\dXpg`eZ_k_\YcX[\#ZXlj`e^
b`ZbYXZb%Lj\k_\d`k\i^Xl^\Xe[k_\i`g
]\eZ\Ypk_\dj\cm\jÇe\m\ikf^\k_\i%
Fecplj\j_Xig#Zc\XeYcX[\j%J_XigYcX[\j
n`ccZlkk_\dXk\i`Xc\Xj`\i#i\[lZ`e^k_\
Z_XeZ\k_Xkk_\YcX[\n`cc^\kaXdd\[lg
n_`c\Zlkk`e^k_\nfibg`\Z\%8cnXpji\gcXZ\
fij_Xig\epfli[lccYcX[\j%9cX[\jZfm\i\[
`ei\j`eXi\aljkXjc`b\cpkfZXlj\b`ZbYXZb
XjX[lccYcX[\%
E\m\i]i\\_Xe[XZlkn`k_k_\kXYc\jXn%
K_\jdXcckn`jkjfikliejk_XkXi\`e_\i\ek
n`k_]i\\_Xe[Zlkjn`ccZXlj\b`ZbYXZb%
›
;fefki\XZ_Y\_`e[k_\YcX[\kfglcck_\
nfibg`\Z\k_ifl^_k_\Zlk%@ek_\\m\ek
f]Xb`ZbYXZb#pfli_Xe[dXpY\glcc\[
`ekfk_\dfm`e^YcX[\%
›
Lj\glj_jk`Zbjfiglj_gX[[c\jn_\e$
\m\igfjj`Yc\%Lj`e^fe\fiknfglj_jk`Zbj
n_\ei`gg`e^ZXe[\Zi\Xj\fg\iXkfi`ealip
`ek_\\m\ekf]b`ZbYXZb%Glj_jk`ZbjXe[
glj_gX[[c\jZi\Xk\XYXii`\iY\kn\\epfli
_Xe[jXe[k_\nfibg`\Z\%
›
9\XnXi\k_XkjdXccZlkf]]g`\Z\jXi\
\Xj`cpb`ZbYXZb\[`]cffj\e\Xik_\YcX[\%
Lj\Xq\if$Zc\XiXeZ\kXYc\`ej\ikn_\e\m\i
gfjj`Yc\%
›
8cnXpjlj\k_\YcX[\^lXi[&jgc`kk\i
n_\edXb`e^k_ifl^_$Zlkj%K_\YcX[\
jgc`kk\i_XjXek`$b`ZbYXZbgXncjk_Xk[`^
`ekfk_\nfibg`\Z\`ek_\\m\ekf]Xb`Zb$
YXZb%I\dfm`e^k_\^lXi[&jgc`kk\i^i\Xkcp
`eZi\Xj\jk_\i`jbf][Xe^\i]ifdb`ZbYXZb%
›
8cnXpj]\\[dXk\i`Xc`ekfk_\YcX[\Xk
k_\gifg\i]\\[iXk\%=\\[`e^dXk\i`Xc
`ekfk_\YcX[\kff]XjkdXpZXlj\Xb`Zb$
YXZb%C`jk\ekfk_\YcX[\Xe[k_\dfkfi
[li`e^XZlk%@]\`k_\ife\`jjkil^^c`e^#
[\Zi\Xj\k_\]\\[iXk\%
›
:fej`[\iX]k\idXib\kfij_fg$dX[\
XZZ\jjfi`\jkf`eZi\Xj\pflic\m\cf]jX]\$
kp%DXepf]k_\j\`k\djXi\[\j`^e\[kf
jkfgk_\YfXi[[li`e^Xb`ZbYXZbfii\[lZ\
k_\Z_XeZ\f]b`ZbYXZbYpjkXY`c`q`e^k_\
YfXi[[li`e^XZlk%
B\\gpflikXYc\jXnZc\Xe%9l`c[lgf]nff[
Z_`gjfi[ljk#fiXepfk_\ifYa\Zkjk_XkdXp
fYjkilZkXefk_\in`j\jdffk_Zlk#_Xjk_\
gfk\ek`XckfZXlj\b`ZbYXZb%
›
:lkk`e^nXig\[jkfZbfijkfZbn`k_cffj\
befkj#eX`cj#fifk_\i[\]\Zkjn`ccZXlj\
b`ZbYXZb%
›
8cnXpjcfZbk_\dfY`c\YXj\`egfj`$
k`fen_\eZlkk`e^jkfZb%K_\jXnZflc[
dfm\Xe[pflZflc[cffj\Zfekifcf]pfli
nfibg`\Z\n_`Z_dXpZXlj\b`ZbYXZb%
$()$
:fddfeK\idj
@efi[\ikf`eZi\Xj\lj\ijX]\kpXnXi\e\jjXe[le[\ijkXe[`e^#n\_Xm\gifm`[\[Xc`jkf]Zfddfe
k\idjXjjfZ`Xk\[n`k_kXYc\jXnj%N\n`cci\]\ikfdXepf]k_\j\k\idjk_ifl^_flkk_`jdXelXc#jfk_\
k`d\pfljg\e[c\Xie`e^k_\j\k\idjn`cci\jlck`eXe`eZi\Xj\[befnc\[^\f]kXYc\jXnXggc`ZXk`fej%
D`k\i:lk
8eXe^c\[ZlkXZifjjk_\]XZ\fi\e[f]X
YfXi[%LjlXccpZlkkfdXkZ_Xefk_\iYfXi[f]
XZfii\jgfe[`e^Xe^c\jfk_Xk\XZ_Zlkg`\Z\
]`kjg\i]\Zkcp`ekfk_\fk_\i#k_ljZ_Xe^`e^k_\
[`i\Zk`fef]k_\nfibg`\Z\%
9\m\c
8eXe^c\[Zlkfek_\\[^\f]XYfXi[k_Xk
i\XZ_\jYfk_]XZ\jf]k_\YfXi[%
Gfj`k`m\Jkfg
8Yfckfig`ek_XkZXeY\X[aljk\[kfjkfgX
dfm`e^gXikXkXgi\[\k\id`e\[cfZXk`fe%K_`j
kXYc\jXn_Xjgfj`k`m\jkfgj]fik`ck`e^k_\
YcX[\%
:ifjjZlk
KfZlkXZifjjk_\^iX`ef]Xg`\Z\f]jkfZb%
;X[f
8jcfkZlkgXik`Xccpk_ifl^_k_\k_`Zbe\jjf]k_\
jkfZb\`k_\in`k_fiX^X`ejkk_\^iX`e%
IXYY\k
8eC$j_Xg\[ZlkXcfe^k_\\[^\f]Xnfibg`\Z\%
=\\[IXk\
K_\jg\\[Xkn_`Z_k_\jkfZb`jglj_\[`ekfk_\
dfm`e^YcX[\%
I`g:lk
KfZlkXcfe^k_\^iX`ef]jkfZb%
=clj_
8Zfe[`k`fen_\eknffidfi\jli]XZ\jXi\g\i$
]\Zkcp]cXkXe[gXiXcc\ckf\XZ_fk_\i#jfk_Xk
k_\`ikflZ_`e^\[^\j_Xm\Xe\m\ejli]XZ\%
JkiX`^_k\[^\
8efYa\Zkn`k_Xg\i]\ZkcpjkiX`^_k\[^\k_Xk
`jlj\[kfZfdgXi\X^X`ejkXefk_\ifYa\Zkkf
[\k\id`e\n_\k_\i`k`jjkiX`^_k%
B\i]
K_\n`[k_f]k_\dXk\i`Xck_XkXYcX[\i\dfm\j
]ifdk_\nfibg`\Z\%
K_ifl^_$:lk
8Zlkk_XkgXjj\jZfdgc\k\cpk_ifl^_k_\kfgf]
k_\nfibg`\Z\Ç`%\%Xi`gZlkfiZifjjZlk%
B`ZbYXZb
K_\\m\ek`en_`Z_k_\jkfZb`j\a\Zk\[]ifd
k_\YcX[\XkX_`^_iXk\f]jg\\[kfnXi[k_\
fg\iXkfi%LjlXccpZXlj\[YpY`e[`e^k_\YcX[\
fiYpXYcX[\Zfe[`k`fek_Xk]fiZ\jk_\dfd\e$
kldf]k_\YcX[\kfglj_k_\jkfZbXnXp%
Nfibg`\Z\
K_\g`\Z\f]nff[fijkfZbk_Xk`jY\`e^Zlkfi
dXe`glcXk\[Ypk_\fg\iXkfi%
Flk$]\\[J`[\
K_\fggfj`k\j`[\f]k_\kXYc\k_Xkk_\
nfibg`\Z\`j]\[`ekfk_\YcX[\%LjlXccpjlggc\$
d\ek\[n`k_XeX]k\idXib\kfij_fg$dX[\
kXYc\kfZXkZ_X]i\j_cpZlknfibg`\Z\%
EfeK_ifl^_$:lk
8Zlkk_Xk[f\jefkgXjjk_ifl^_k_\kfgf]k_\
nfibg`\Z\Ç`%\%X[X[ffiiXYY\kZlk%K_`jkpg\
f]Zlk`jdfi\[Xe^\ifljk_XeXk_ifl^_Zlk
Y\ZXlj\`ki\hl`i\jk_\fg\iXkfikfi\dfm\k_\
YcX[\^lXi[&jgc`kk\iXjj\dYcp%
$(*$
J8=<KP
8iYfi
K_\j_X]kle[\ie\Xk_k_\kXYc\fen_`Z_k_\
YcX[\dflekj%
<c\Zki`ZXc
J8=<KP
@ekif[lZk`fe
K_\ E:AB8AJžDf[\cN(.'*&N(.(+KXYc\
JXnjZXeY\n`i\[]fi(('Mfi))'Mfg\iXk`fe
lj`e^Xefgk`feXcdX^e\k`Zjn`kZ_Xjj\dYcp%K_\
]fccfn`e^jX]\kp^l`[\c`e\jflkc`e\k_\gifg\i
mfckX^\Xe[_Xi[nXi\i\hl`i\d\ekj]fi\XZ_jXn%
K_\j\ dX^e\k`Z jn`kZ_\j Xi\ efk `ek\i$
Z_Xe^\XYc\Y\kn\\e(('MXe[))'M%Lj`e^
k_\ `eZfii\Zk jn`kZ_ dXp ZXlj\ \c\Zki`ZXc
j_fZb# ]`i\# fi il`e k_\ \c\Zki`ZXc \hl`g$
d\ek% 9\]fi\ i\n`i`e^ pfli dfkfi ]fi Xe
Xck\ieXk\ mfckX^\# pfl dljk i\gcXZ\ k_\
dX^e\k`Zjn`kZ_Xjj\dYcpkfXZZfddf[Xk\
]fik_\e\nmfckX^\%
N(.'*
(
K_\N(.'*( Ð)?Gdfkfin`cc[iXnk_\]fccfn`e^
Xdgj#[\g\e[`e^fen_`Z_mfckX^\`k`jn`i\[]fi1
(('MGi\$n`i\[ %%%%%%%%%%%%% (/8dg
))'M%%%%%%%%%%%%%%%%%%%%% 08dg
K_\N(.'*`jgi\$n`i\[]fi(('MXe[Zfd\jn`k_
X,$(,gcl^Xjj_fne`e=`^li\/%KfZfem\ikkf
))'Mfg\iXk`fe#legcl^k_\jXnXe[`ejkXcck_\
]fccfn`e^`k\dj1
(%@ejkXcck_\fgk`feXc))'MdX^e\k`Zjn`kZ_
GXikO(.'*((.8 %
)%@ejkXccXE<D8-$(,gcl^Xe[i\Z\gkXZc\j\\
=`^li\0X %
=`^li\/%E<D8,$(,gcl^Xe[i\Z\gkXZc\%
*%I\n`i\k_\dfkfiXjflkc`e\[feGX^\,*%
N(.(+
K_\N(.(+)?Gdfkfin`cc[iXnk_\]fccfn`e^
Xdgj#[\g\e[`e^fen_`Z_mfckX^\`k`jn`i\[]fi1
-$(,G
(('M %%%%%%%%%%%%%%%%%%%%%)+8dg
))'MGi\$n`i\[ %%%%%%%%%%%%%()8dg
-$(,I
=`^li\0X%E<D8-$(,gcl^Xe[i\Z\gkXZc\%
K_\N(.(+`jgi\$n`i\[]fi))'Mfg\iXk`fe%@]
pfl`ek\e[kffg\iXk\k_\jXnXk))'M#pfln`cc
e\\[kf`ejkXccXE<D8-$(,gcl^Xe[i\Z\gkXZc\
j_fne`e=`^li\0X%KfZfem\ikkf(('Mfg\iX$
k`fe#legcl^k_\jXnXe[`ejkXcck_\]fccfn`e^
`k\dj1
(%@ejkXcck_\fgk`feXc(('MdX^e\k`Zjn`kZ_
GXikO(.(+(.*8 %
)%@ejkXccXE<D8,$*'gcl^Xe[i\Z\gkXZc\j\\
=`^li\0Y %
=`^li\0Y%E<D8,$*'gcl^Xe[i\Z\gkXZc\%
*%I\n`i\k_\dfkfiXjflkc`e\[feGX^\,*%
$(+$
:`iZl`k9i\Xb\ij
:`iZl`k9i\Xb\ij]fiN(.'*1
(('M%%%%%%%%%%%%%)'8dg#J`e^c\Gfc\
))'M %%%%%%%%%%%%%%(,8dg#)Gfc\
:`iZl`k9i\Xb\ij]fiN(.(+1
(('M%%%%%%%%%%%%%*'8dg#J`e^c\Gfc\
))'M %%%%%%%%%%%%%%(,8dg#)Gfc\
B\\g`ed`e[k_XkXZ`iZl`kY\`e^lj\[Ypfk_\i
dXZ_`e\jfikffcjXkk_\jXd\k`d\n`ccX[[kf
k_\kfkXccfX[Y\`e^Xggc`\[kfk_\Z`iZl`k%8[[
lgk_\cfX[iXk`e^jf]XccdXZ_`e\jfek_\Z`i$
Zl`k%@]k_`jeldY\i\oZ\\[jk_\iXk`e^f]k_\
Z`iZl`kYi\Xb\i#]lj\#fin`i\jÇlj\X[`]]\i\ek
Z`iZl`k%
;F EFK i\gcXZ\ k_\ Z`iZl`k Yi\Xb\i n`k_
fe\ iXk\[ Xk X _`^_\i Xdg\iX^\ fi [Xd$
X^\kfk_\Z`iZl`kdXpfZZliXe[X]`i\dXp
i\jlck%
<ok\ej`fe:fi[j
N_\elj`e^Xe\ok\ej`feZfi[#]fccfnk_\
^l`[\c`e\j[li`e^(('Mfg\iXk`fefecp%N\[f
efki\Zfdd\e[lj`e^Xe\ok\ej`feZfi[n`k_
))'M\hl`gd\ek%
›Lj\Zfi[jiXk\[]fiJkXe[Xi[J\im`Z\
›E\m\ilj\Zfi[jcfe^\ik_Xe('']\\k
›Lj\Zfi[jn`k_(+^Xl^\n`i\
›8cnXpjlj\Zfi[jn`k_X^ifle[`e^g`e
›E\m\ilj\[XdX^\[Zfi[j
>ifle[`e^
K_`jdXZ_`e\dljkY\^ifle[\[@]pfliflk$
c\k[f\jefkXZZfddf[Xk\X^ifle[g`e#_Xm\
k_\flkc\ki\gcXZ\[YpXhlXc`]`\[\c\Zki`Z`Xe
fi_Xm\XeXggifgi`Xk\X[Xgk\i`ejkXcc\[Xe[
^ifle[\[gifg\icp%8eX[Xgk\in`k_X^ifle[$
`e^n`i\[f\jefk^lXiXek\\k_Xkk_\dXZ_`e\
n`ccY\^ifle[\[%8^ifle[jfliZ\dljkY\
m\i`]`\[
$(,$
J8=<KP
;FEFKi\dfm\k_\^ifle[$
`e^ g`e ]ifd Xep gcl^ Xe[
XcnXpjdXb\jli\Xccn`i`e^
kfk_\dXZ_`e\`j^ifle[\[
Y\]fi\fg\iXk`e^%8ep\c\Z$
ki`ZXcflkc\kXe[Z`iZl`kk_Xk
pflgcl^pflidXZ_`e\`ekf
dljk Y\ ^ifle[\[% J\i`flj
`ealip dXp fZZli `] k_`j
nXie`e^`j`^efi\[
N_\eZ_ffj`e^Xeflkc\k#dXb\jli\k_\Z`iZl`k
Yi\Xb\ijd\\kk_\]fccfn`e^Zi`k\i`X1
8JJ<D9CP
LegXZb`e^
I<8;Xe[le[\ijkXe[k_`j
\ek`i\ `ejkilZk`fe dXelXc
Y\]fi\lj`e^k_`jdXZ_`e\%
J\i`flj g\ijfeXc `ealip
dXp fZZli `] jX]\kp Xe[
fg\iXk`feXc`e]fidXk`fe`j
efk le[\ijkff[ Xe[ ]fc$
cfn\[% ;F EFK i`jb pfli
jX]\kpYpefki\X[`e^
8JJ<D9CP
K_\ E:AB8AJ™N(.'*&N(.(+_XjY\\e
ZXi\]lccpgXZbX^\[]fijX]\kiXejgfik`e^%@]pfl
efk`Z\k_\dXZ_`e\_XjY\\e[XdX^\[#gc\Xj\
ZfekXZkNff[jkfZb@ek\ieXk`feXcJ\im`Z\Xe[
JlggfikXk($*-'$.*+$*+/)fij\e[\$dX`ckf1
k\Z_$jlggfik7j_fg]fo%Y`q
@em\ekfip
K_\]fccfn`e^`jX[\jZi`gk`fef]k_\dX`eZfd$
gfe\ekjj_`gg\[n`k_k_\ E:AB8AJžDf[\c
N(.'*&N(.(+KXYc\JXn%Pflj_flc[cXpk_\
Zfdgfe\ekjflkkf\Xj`cp`[\ek`]pk_\d%
J<<BXjj`jkXeZ\n_\ec`]k$
`e^k_\dXZ_`e\]ifdk_\
Yfo `k nXj j_`gg\[ `e%
K_\ E:AB 8AJ™ Df[\c
N(.(+&N(.'*`jX_\Xmp
dXZ_`e\%
J_flc[XepgXikY\d`jj`e^#\oXd`e\k_\
gXZbX^`e^ZXi\]lccpkfY\jli\k_fj\gXikj
Xi\efkXdfe^k_\gXZb`e^dXk\i`Xcj%@]Xep
gXikjXi\d`jj`e^#]`e[k_\gXikeldY\i`ek_\
YXZbf]k_`jdXelXcXe[ZfekXZkNff[jkfZb
@ek\ieXk`feXc#@eZ%Xk*-'$.*+$*+/)fiXk
k\Z_$jlggfik7j_fg]fo%Y`q
LEGCL>$gfn\i
Zfi[
Y\]fi\pfl[fXepXjj\d$
Ycp fi X[aljkd\ek kXjbj
Fk_\in`j\# j\i`flj g\i$
jfeXc`ealipkfpflfifk_$
\ijdXpfZZli
$(-$
GXikj@em\ekfip
E
B
A
N_\efi[\i`e^i\gcXZ\d\ekgXikj
i\]\ikfk_\gXikjc`jkXe[[`X^iXd
`ek_\YXZbf]k_\dXelXc%
C
9
:
?
>
=
<
;
=`^li\('%@em\ekfip%
@EM<EKFIP;<J:I@GK@FE
HKP
8% KXYc\JXnLe`kEfkJ_fne (
9% M$9\ck>lXi[
(
:% Dfkfi
(
;% Gfn\iXe[N(.'*DX^e\k`ZJn`kZ_ (
(('M#(/8dg%
;% Gfn\iXe[N(.(+DX^e\k`ZJn`kZ_ (
))'M#)+8dg%
<% DfkfiGcXk\
(
=% Dfkfi9iXZb\k
(
>% DfkfiG`mfkJ_X]k
(
?% 9cX[\>lXi[9iXZb\k8jj\dYcp
(
@% 9cX[\>lXi[J_X]k8jj\dYcp
(
A% M$9\ck
(
B% ;ljk?ff[
(
C% 9cX[\>lXi[&Jgc`kk\i8jj\dYcp
(
D% D`k\i>Xl^\8jj\dYcp
(
E% M$9\ckGcXk\
(
$(.$
8JJ<D9CP
D
@
GXikj@em\ekfip
N_\efi[\i`e^i\gcXZ\d\ekgXikj
i\]\ikfk_\gXikjc`jkXe[[`X^iXd
`ek_\YXZbf]k_\dXelXc%
M
L
K
GN(.(+
I
8JJ<D9CP
J
H
N
F
O
=`^li\((%@em\ekfip
@EM<EKFIP;<J:I@GK@FE
HKP
F%
G%
H%
I%
J%
K%
KXYc\@ej\ikj
:Xjk@ife<ok\ej`feN`e^jN(.(+ ?Xe[n_\\cj
K_i\X[\[?Xe[c\j
JkXiBefYj
JkXe[C\^j
(
)
)
)
)
+
L%
M%
N%
O%
KfgJ_fik9iXZb\k
KfgCfe^9iXZb\k
9fkkfdJ_fik9iXZb\k
9fkkfdCfe^9iXZb\k
)
)
)
)
$(/$
?Xi[nXi\9X^j
K_\]fccfn`e^`jXc`jkf]k_\_Xi[nXi\YX^j`eZcl[\[n`k_k_\Df[\cN(.(+&N(.'*('KXYc\JXnj%
KXb\k_\k`d\kfdXb\jli\Xcck_\_Xi[nXi\c`jk\[Y\cfn`j`eZcl[\[n`k_pflijXn%@]pflXi\d`jj`e^
Xep_Xi[nXi\YX^j#gc\Xj\ZfekXZkNff[jkfZb@ek\ieXk`feXc#@eZ%Xk*-'$.*+$*+/)fiXk
k\Z_$jlggfik7j_fg]fo%Y`q%
JkXe[?Xi[nXi\9X^1
› ?\o9fck ,Ð(-$(/o(
› ?\oElk,Ð(-$(/
› =cXkNXj_\i,Ð(-
› :Xii`X^\9fck,Ð(-$(/o 0Ð(-
› CfZbNXj_\i,Ð(-
?Xe[Kffc?Xi[nXi\9X^1
› ()dd:fdYfNi\eZ_
› 8iYfiNi\eZ_
› )dd?\oB\p
› *dd?\oB\p
› +dd?\oB\p
(
(
(
(
(
<ok\ej`feN`e^?Xi[nXi\9X^1
› ?\o9fck.Ð(-$(+o((Ð+
› CfZbNXj_\i.Ð(-
-
Gfn\iJn`kZ_?Xi[nXi\9X^1
› G_`cc`gj?\X[JZi\n('$)+o((Ð) )
› =cXkNXj_\i('
+
› ?\oElk('$)+
*
› ?\o9fck(Ð+$)'o (Ð+
(
› =cXkNXj_\i(Ð+
)
› G_`cc`gj?\X[JZi\n('$)+o ,Ð/ (
› G_`cc`gj?\X[KXgJZi\n('o (Ð) (
› :XYc\:cXdgL:$,
)
+
++
+/
+'
++
$(0$
DfkfiDflek`e^?Xi[nXi\9X^1
› ?\o9fck ,Ð(-$(/o(
› ?\oElk,Ð(-$(/
› =cXkNXj_\i,Ð(-
› CfZbNXj_\i,Ð(-
› :Xii`X^\9fck,Ð(-$(/o(*Ð+
› 9iXjjN`e^Elk ,Ð(-$(/
› Jg\Z`XcNXj_\i,Ð(-
› JgXZ\i
› <$:c`g
+
+
0
+
(
(
(
(
(
9cX[\>lXi[?Xi[nXi\9X^1
› 9cX[\>lXi[8jj\dYcp
› Dflek`e^J_X]k
› 9iXZb\k8jj\dYcp
› ?\oElk(Ð)
› =cXkNXj_\i(Ð)
(
(
(
(
(
;ljk?ff[?Xi[nXi\9X^1
› G_`cc`gj?\X[JZi\n('$)+o ,Ð/
› ?\oElk('$)+
› JkXiNXj_\i('
› KXY
)
)
)
)
IlYY\i=\\k?Xi[nXi\9X^1
› IlYY\i=\\k
› G_`cc`gj?\X[JZi\n (Ð+$)'o(
› ?\oElk(Ð+$)'
› =cXkNXj_\i(Ð+
+
+
+
+
8JJ<D9CP
:c\Xe`e^DXZ_`e\
J_fgGi\gXiXk`fe
8JJ<D9CP
K_\kXYc\Xe[fk_\igXikjXi\ZfXk\[n`k_X
nXop^i\Xj\k_Xkgifk\Zkjk_\d]ifdZfiifj`fe
[li`e^j_`gd\ek%:c\Xek_`j^i\Xj\f]]n`k_X
jfcm\ekZc\Xe\ifiZ`kilj$YXj\[[\^i\Xj\i%;f
efklj\Z_cfi`e\$YXj\[jfcm\ekjÇ`]pfl_Xgg\e
kfjgcXj_jfd\fekfXgX`ek\[jli]XZ\#pflËcc
il`ek_\]`e`j_%
E<M<I lj\ ]cXddXYc\j
jlZ_ Xj ^Xj fi fk_\i
g\kifc\ld$YXj\[ jfcm\ekj
kf Zc\Xe pfli dXZ_`e\%
K_\j\ gif[lZkj _Xm\ cfn
]cXj_ gf`ekj Xe[ gi\j\ek
k_\ i`jb f] \ogcfj`fe Xe[
j\m\i\g\ijfeXc`ealip
E<M<I jdfb\ n_`c\ lj`e^
Xep Zc\Xe`e^ jfcm\ekj%
Jdfb`e^ dXp ZXlj\ \ogcf$
j`fe fi i`jb f] ]`i\ n_\e
\ogfj\[kfk_\j\gif[lZkj
›
=cffiCfX[1K_\Df[\cN(.'*n\`^_j)--
cYjXe[k_\Df[\cN(.(+n\`^_j)0)cYj%
9fk_df[\cj_Xm\k_\jXd\]ffkgi`ekf]
)(O),(Ð)%DfjkZfdd\iZ`Xc]cffijXi\
jl`kXYc\]fiYfk_df[\cj%Jfd\i\j`[\ek`Xc
]cffijdXpi\hl`i\X[[`k`feXcYiXZ`e^kf
jlggfikYfk_dXZ_`e\Xe[fg\iXkfi%
›
Nfib`e^:c\XiXeZ\j1:fej`[\i\o`jk`e^
Xe[Xek`Z`gXk\[e\\[j#j`q\f]dXk\i`Xckf
Y\gifZ\jj\[k_ifl^_\XZ_dXZ_`e\#Xe[
jgXZ\]fiXlo`c`XipjkXe[j#nfibkXYc\jfi
fk_\idXZ_`e\ipn_\e\jkXYc`j_`e^XcfZX$
k`fe]fipflikXYc\jXn%
›
C`^_k`e^Xe[Flkc\kj1C`^_k`e^j_flc[Y\
Yi`^_k\efl^_kf\c`d`eXk\j_X[fnXe[
gi\m\ek\p\jkiX`e%<c\Zki`ZXcZ`iZl`kj
j_flc[Y\[\[`ZXk\[ficXi^\\efl^_kf
_Xe[c\Xdg\iX^\i\hl`i\d\ekj%Flkc\kj
j_flc[Y\cfZXk\[e\Xi\XZ_dXZ_`e\jf
gfn\ifi\ok\ej`feZfi[jXi\Zc\Xif]
_`^_$kiX]]`ZXi\Xj%FYj\im\cfZXc\c\Zki`ZXc
Zf[\j]figifg\i`ejkXccXk`fef]e\nc`^_k$
`e^#flkc\kj#fiZ`iZl`kj%
8cnXpj dXb\ jli\ k_Xk Xcc
\ekiXeZ\jkfpflij_fgXi\
cfZb\[ fi k_Xk dXZ_`e\j
Xi\ \hl`gg\[ n`k_ jX]\kp
cfZb$flk[\m`Z\jkfgifk\Zk
Zli`fljZ_`c[i\efim`j`kfij
]ifdj\i`flj`ealip%E\m\i
Xccfnlejlg\im`j\[g\fgc\
`epflij_fgn_f_Xm\efk
Y\\e]lccpkiX`e\[
Dfjk jfcm\ekj lj\[ kf
Zc\Xe dXZ_`e\ip Xi\
kfo`Z n_\e `e_Xc\[ fi
`e^\jk\[% N_\e lj`e^
k_\j\ gif[lZkj# nfib `e
X n\cc m\ek`cXk\[ Xi\X
Xe[b\\gXnXp]ifdXep
gfk\ek`Xc `^e`k`fe jfliZ$
\j g`cfk c`^_kj % 8cnXpj
[`jgfj\f]XepnXjk\iX^j
`e X j\Xc\[ ZfekX`e\i kf
dXb\ jli\ k_\p [f efk
ZXlj\ ]`i\ fi \em`ife$
d\ekXc_XqXi[j%
$)'$
JkXe[
K_\E:AB8AJ™ Df[\cN(.'*&N(.(+('
KXYc\JXndflekjfeX_\Xmp$[lkpd\kXc
jkXe[%
KfXjj\dYc\k_\jkXe[#[fk_\j\jk\gj1
:Xi[YfXi[
=`^li\()%9Xj\le`kjXn%
)% J\Zli\k_\j_fikdflek`e^YiXZb\kjkf
k_\le[\ij`[\f]k_\kXYc\jXnn`k_k_\
]fli ,Ð(-$(/o(_\ojZi\nj# ,Ð(-nXj_$
\ijXe[ ,Ð(-_\oelkjXjj_fne`e=`^li\
(*%Efk\ÇDXb\jli\k_\YiXZb\kn`k_k_\
E:AB8AJ™cf^f`j]XZ`e^k_\]ifekf]k_\
kXYc\jXn%
*% 8kkXZ_k_\c\^jkfk_\cfe^dflek`e^
YiXZb\kjn`k_ ,Ð(-$(/o(_\ojZi\nj# ,Ð(-
nXj_\ijXe[ ,Ð(-_\oelkj%=`e^\ik`^_k\e
k_\Yfckj%
=`^li\(*%8kkXZ_`e^k_\kfgYiXZb\kj%
$)($
8JJ<D9CP
(% CXpflkXZc\Xe#jkXgc\$]i\\g`\Z\f]ZXi[$
YfXi[fijfd\kpg\f]gX[kfgi\m\ek
k_\kXYc\jli]XZ\]ifd^\kk`e^[XdX^\[%
Gfj`k`fek_\YXj\le`kf]k_\kXYc\jXn
kXYc\[fne fek_\ZXi[YfXi[#Xjj_fne`e
=`^li\()%
+% GcXZ\k_\c\^jn`k_k_\cfe^dflek`e^
YiXZb\kXifle[k_\flkj`[\f]k_\j_fik
YiXZb\kjXjj_fne`e=`^li\(+%J\Zli\
k_\d`egcXZ\n`k_k_\i\dX`e`e^ ,Ð(-ZXi$
i`X^\Yfckj# ,Ð(-nXj_\ijXe[ ,Ð(-_\oelkj
Xe[]`e^\ik`^_k\ek_\Yfckj%K_`jXccfnj
k_\_fc\j`ek_\YiXZb\kjkf\Xj`cpc`e\lg
n`k_k_\_fc\j`ek_\c\^j%
8JJ<D9CP
,% @ejkXcck_\YfkkfdcXi^\Xe[jdXccYiXZb\kj
kfk_\c\^jn`k_k_\jXd\ZfdY`eXk`fef]
_Xi[nXi\#Xe[]`e^\ik`^_k\ek_\YiXZb\kj
`egcXZ\%
-% @ejkXcck_\ilYY\i]\\kfekfk_\\e[jf]k_\
]flic\^jn`k_k_\ (Ð+$)'o(G_`cc`gj_\X[
jZi\nj#(Ð+nXj_\ij#Xe[(Ð+_\oelkj]ifd
k_\ilYY\i]\\k_Xi[nXi\YX^#Xjj_fne`e
=`^li\(,%
=`^li\(+%8kkXZ_`e^k_\c\^j%
.% N`k_k_\_\cgfeXeXjj`jkXek#]c`gk_\
kXYc\jXnfm\ife`kj]\\kXe[j_`]kk_\
kXYc\Xifle[%>\ekcpglcc\XZ_c\^flkkf
n`[\ek_\jkXe[YXj\%
/% N_\ek_\kXYc\jXn_Xjj\kkc\[fek_\
jkXe[#k`^_k\eXcck_\_\oelkjn`k_k_\
()ddfg\e$\e[ni\eZ_%
=`^li\(,%@ejkXcc`e^ilYY\i]\\k%
J<<B Xjj`jkXeZ\ ]ifd Xefk_\i g\ijfe kf
]c`gfm\ik_\kXYc\jXn%K_\ZXjk`ifekXYc\
`j m\ip _\Xmp Xe[ dXp ZXlj\ `ealip n_`c\
c`]k`e^%
$))$
;ljk?ff[
K_\kXYc\jXnjZfd\n`k_k_\Df[\cN('',
;ljk?ff[k_Xk]\Xkli\jX+gfikXe[X[liXYc\
[\j`^ek_Xk]`kje`Z\cp`ej`[\k_\kXYc\jXn]fi
\]]`Z`\ek[ljkZfcc\Zk`fe%
Kf`ejkXcck_\[ljk_ff[#[fk_\j\jk\gj1
(% @ejkXcck_\knf_fc[$[fnekXYj=`^li\(- `ekfk_\gi\$[i`cc\[_fc\j`ej`[\k_\kXYc\
jXnZXY`e\k%
=`^li\(-%;ljk_ff[_fc[$[fnekXY%
*% Dfm\k_\_fc[$[fnegcXk\jfm\ik_\\[^\j
f]k_\[ljk_ff[Xe[k`^_k\ek_\jZi\nkf
j\Zli\k_\[ljk_ff[`egcXZ\Xjj_fne`e
=`^li\(.%
?Xe[n_\\cj
Knfjkli[pZXjk`ife_Xe[n_\\cjZfekifck_\
YcX[\_\`^_kXe[k`ckXe^c\f]pflikXYc\jXn%
Kf`ejkXcck_\_Xe[n_\\cj#[fk_\j\jk\gj1
=`^li\(.%?fc[$[fnekXYj\Zli`e^[ljk_ff[%
(% GcXZ\fe\f]k_\_Xe[n_\\cjfm\ik_\
kilee`fej_X]kXe[\e^X^\k_\jcfk`ek_\
_Xe[n_\\cn`k_k_\ifccg`e`ek_\j_X]k%
)% K_i\X[fek_\YcXZbjkXibefY=`^li\(/ kfj\Zli\k_\_Xe[n_\\c`egcXZ\%
JkXiBefY
*% @ejkXcck_\_Xe[n_\\cZiXeb`ekfk_\
kXgg\[_fc\`ek_\_Xe[n_\\cXjj_fne`e
=`^li\(/%
9cX[\:_\Zb
Kf\ejli\k_XkpfliYcX[\`jgXiXcc\ckfk_\
d`k\ijcfk#^fkfgX^\*,Xe[g\i]fidjk\gj
($-Y\]fi\Zfek`el`e^n`k_k_\Xjj\dYcp%@k`j
`dgfikXekkf[fk_`jefnkfXmf`[[`jdXekc`e^
k_\\ek`i\jXncXk\i%
=`^li\(/%@ejkXcc`e^_Xe[n_\\c%
$)*$
8JJ<D9CP
)% Dfm\k_\_fc[$[fnegcXk\jkfk_\j`[\kf
Xccfnk_\[ljk_ff[kfj\k`ekfk_\fg\e$
`e^%
Dfkfi
Kf`ejkXcck_\dfkfi#[fk_\j\jk\gj1
8JJ<D9CP
(% Kliek_\dfkfilgj`[\[fneXe[`ejkXcc
k_\dfkfigcXk\n`k_k_\ ,Ð(-_\oYfckj#
nXj_\i#cfZbnXj_\ijXe[_\oelkj]ifd
k_\dfkfidflek`e^_Xi[nXi\YX^=`^li\
(0 %Efk\ÇC\Xm\k_\Yfckjcffj\]fiefn%
)% @ej\ikk_\((Ð)ZXii`X^\Yfckk_ifl^_k_\
_fc\`ek_\glcc\p^lXi[YiXZb\k=`^li\
)' Xe[gcXZ\k_\jgXZ\iXe[<$Zc`gfm\i
k_\ZXii`X^\Yfck%
=`^li\(0%DfkfigcXk\`ejkXcc\[%
*% J\kk_\dfkfife\e[n`k_k_\dfkfiglc$
c\plg Xe[jc`[\k_\glcc\p^lXi[YiXZb\k
Y\kn\\ek_\dfkfigcXk\Xe[dfkfi#Xe[
]`e^\ik`^_k\ek_\_\oYfckj=`^li\)' %
:Xii`X^\9fck
JgXZ\i
+% K`^_k\efe\f]k_\dfkfigcXk\Yfckjkf
j\Zli\k_\Xjj\dYcpkf^\k_\ilek`c]lik_\i
X[aljkd\ekje\\[kfY\dX[\%
Glcc\p>lXi[
9iXZb\k
,% Gfj`k`fek_\ZXjk`ifedfkfidflek`e^
YiXZb\k_fc\jn`k_k_\_fc\j`ek_\dfkfi
gcXk\%
-% @ej\ikk_\g`mfkif[Xe[j\Zli\`k`egcXZ\
n`k_k_\_\oYfck`ek_\dflek`e^YiXZb\k
=`^li\)( %DXb\jli\k_\_\oYfck\e^X^$
\jk_\jcfk`ek_\g`mfkif[%
=`^li\)'%Glcc\p^lXi[YiXZb\kXe[
ZXii`X^\Yfck%
.% Kliek_\XiYfi_Xe[n_\\clek`ck_\gf`ek\i
i\X[j'ñ%
G`mfkIf[
/% GcXZ\k_\dfkfiXjj\dYcpfekfk_\dflek$
`e^YXijXjj_fne`e=`^li\))%
?\o9fck
=`^li\)(%G`mfkif[Xe[_\oYfck`e
dflek`e^YiXZb\k%
$)+$
0% K`^_k\ek_\j\kjZi\njfekfgf]k_\dfkfi
YiXZb\kkfcfZbk_\dfkfiXjj\dYcp%Efk\Ç
DXb\jli\k_Xkk_\YXijgifkil[\Xe\hlXc
[`jkXeZ\]ifdk_\dfkfidflek%
M$9\ck
K_\M$Y\ckkiXej]\ijgfn\i]ifdk_\dfkfikf
k_\XiYfi%
Kf`ejkXcck_\M$Y\ck#[fk_\j\jk\gj1
=`^li\))%Dfkfi`ejkXcc\[fedflek`e^YXij%
)% G`mfkk_\dfkfilgXe[jc`gk_\fk_\i\e[
f]k_\M$Y\ckXifle[k_\dfkfiglcc\p%
Efk\ÇJcfncpcfn\ik_\dfkfikfk\ej`fe
k_\M$Y\ck%K_\n\`^_kf]k_\dfkfigif$
m`[\jgifg\iY\ckk\ej`fe]fifg\iXk`fe%
*% GcXZ\XjkiX`^_k\[^\XZifjjk_\XiYfiglc$
c\pXe[dfkfiglcc\pkfZ_\ZbM$Y\ckXc`^e$
d\ek=`^li\)* %
+% 8[aljkk_\dfkfigfj`k`fefek_\dfkfi
gcXk\lek`ck_\glcc\pjXi\Xc`^e\[#k_\e
k`^_k\eXcck_\Yfckj%
Glcc\p:fm\i
=`^li\)*% :_\Zb`e^glcc\pXc`^ed\ekn`k_X
jkiX`^_k\[^\%
K_\glcc\pZfm\igi\m\ekjfYa\Zkj]ifdZfd`e^
`ekfZfekXZkn`k_k_\dfkfiglcc\p%
Glcc\p:fm\i
Kf`ejkXcck_\glcc\pZfm\i#[fk_\j\jk\gj1
(% GcXZ\k_\glcc\pZfm\ifm\ik_\dfkfiglc$
c\p%
)% J\Zli\k_\glcc\pZfm\i`ekfgcXZ\Ypk`^_k$
\e`e^k_\ ,Ð(-n`e^elkXe[nXj_\i=`^li\
)+ %
*% DXb\jli\k_\M$Y\ck`jefk`eZfekXZkn`k_
k_\glcc\pZfm\i%@]k_\i\`jZfekXZk#k_\
glcc\pYiXZb\kdljkY\X[aljk\[]figifg\i
Zc\XiXeZ\%
N`e^ElkXe[NXj_\i
=`^li\)+% Glcc\pZfm\i`ejkXcc\[%
$),$
8JJ<D9CP
(% GcXZ\k_\M$Y\ckXifle[k_\XiYfiglcc\p%
<ok\ej`feN`e^j
Kfdflekk_\\ok\ej`fen`e^j#j\\bXjj`jkXeZ\%
K_\Df[\cN(.(+Zfd\jn`k_ZXjk`ife\ok\e$
j`fen`e^jXe[k_\Df[\cN(.'*Zfd\jn`k_
_\Xmp$[lkpd\kXc\ok\ej`fen`e^j%K_\`ejkXccX$
k`fegifZ\jj]fiYfk_n`e^jXi\k_\jXd\%
Dflek`e^CfZXk`fej
8JJ<D9CP
KfXkkXZ_k_\\ok\ej`fen`e^jkfk_\jXn
kXYc\#[fk_\j\jk\gj1
(% Gfj`k`fek_\\ok\ej`fen`e^fm\ik_\
dflek`e^cfZXk`fej`e=`^li\),%
=`^li\),%<ok\ej`fen`e^dflek`e^cfZXk`fej%
)% C`e\lgk_\_fc\jfek_\legX`ek\[\[^\f]
k_\n`e^n`k_dflek`e^_fc\jfek_\jXn
kXYc\%
*% @ejkXcck_\\ok\ej`fen`e^kfk_\kXYc\n`k_
k_\ .Ð(-_\oYfckjXe[cfZbnXj_\ij%;F
EFKk`^_k\ek_\YfckjZfdgc\k\cpXkk_`j
gf`ek%Efk\ÇK_\d\kXc\ok\ej`fen`e^j]fi
k_\N(.'*n`cc_Xm\ .Ð(-]cXknXj_\ij`e
X[[`k`fekfk_\cfZbnXj_\ij%
+% GcXZ\XjkiX`^_k\[^\XZifjjk_\kXYc\Xe[
k_\\ok\ej`fen`e^Xjj_fne`e=`^li\)-%
8[aljkk_\n`e^lek`c`k`j]clj_n`k_k_\
kXYc\#k_\ek`^_k\ek_\Yfckjle[\ie\Xk_kf
j\Zli\k_\\ok\ej`fen`e^`egcXZ\%
=`^li\)-%:_\Zb`e^n`e^n`k_jkiX`^_k\[^\%
,% Kf`ejkXcck_\fk_\i\ok\ej`fen`e^#i\g\Xk
jk\gj)$+%
-% N_\eYfk_n`e^jXi\`ejkXcc\[Zfii\Zkcp#
lj\k_\jkiX`^_k\[^\#Xjj_fne`e=`^li\
).#kfm\i`]pk_Xkk_\\ek`i\jli]XZ\f]k_\
kXYc\Xe[Yfk_n`e^jXi\]clj_n`k_\XZ_
fk_\i%
@]k_\\ok\ej`fen`e^jk`cklgfi[fneXkk_\
flkj`[\\[^\j#k_\ek_\pe\\[kfY\j_`dd\[
n`k_dXjb`e^kXg\j\\e\okgX^\ %
=`^li\).% :_\Zb`e^Yfk_n`e^jX]k\iXjj\dYcp%
$)-$
Kfj_`dXe\ok\ej`fen`e^#[fk_\j\jk\gj1
(% I\dfm\k_\\ok\ej`fen`e^]ifdk_\kXYc\
kfj_`dk_\dXk`e^jli]XZ\j_fne`e=`^li\
)/n`k_kXg\%
›@]k_\\ok\ej`fen`e^k`ckjlg#gcXZ\X
]\ncXp\ijf]kXg\89FM<k_\Yfck_fc\j
Xjj_fne`e=`^li\)/ %
›@]k_\\ok\ej`fen`e^k`ckj[fne#gcXZ\
k_\kXg\9<CFNk_\Yfck_fc\j%
›@]`k[`[#ki`dk_\kfgf]k_\kXg\n`k_X
iXqfibe`]\#k_\eZfek`el\kfk_\e\okj\Z$
k`fe%
›@]`k[`[efk#i\g\Xkjk\gj()%
K_ifl^_ki`Xc$Xe[$\iifi#pflZXe[\k\id`e\
k_\Zfii\ZkXdflekf]kXg\k_Xke\\[jkf
Y\Xggc`\[kfk_\kXYc\kfgifg\icpj_`d`k%
=`^li\)/%J_`dd`e^cfZXk`fe%
$).$
8JJ<D9CP
)% GcXZ\k_\\ok\ej`fen`e^YXZbfek_\kXYc\
Xe[Z_\Zbkfj\\`]k_\kXg\]`o\[k_\
gifYc\d%
=\eZ\
8JJ<D9CP
K_\ E:AB8AJžN(.(-8cldX$:cXjj`Z =\eZ\
Zfd\j`eXYfon`k_`kjfne_Xi[nXi\YX^%
N(.(-?Xi[nXi\9X^:fek\ekj1
Hkp
› :XgJZi\nj,Ð(-$(/o(
+
› =cXkNXj_\i,Ð(-
+
(
› =cXkNXj_\i Ð+
› ?\oElkj,Ð(-$(/
+
› ?\o9fckj (Ð+$)'o *Ð+
› =cXk?\X[G_cgJZi\nj ,Ð(-$(/o(+
› ?\oB\p-dd
(
› ?\oB\p+dd
(
=`^li\)0% I\XiiX`cYiXZb\k%
Kf`ejkXcck_\]\eZ\iX`ckfk_\kXYc\jXn#[f
k_\j\jk\gj1
(% @ejkXcck_\i\XiiX`cYiXZb\kcfe^Xe^c\
`ife kfk_\YXZbj`[\f]k_\kXYc\=`^li\
)0 #n`k_k_\]fli ,Ð(-ZXgjZi\nj%K_\
_fc\j`ek_\\ok\ej`fekXYc\jXi\efk
k_i\X[\[Xe[i\hl`i\ ,Ð(-elkjXe[nXj_\ij
kfj\Zli\k_\d%
)% @ejkXcck_\]ifekiX`cYiXZb\k=`^li\*' n`k_k_\ ,Ð(-$(/o(]cXk_\X[G_`cc`gj
jZi\nj%
*% Lj\,Ð(-nXj_\ijXe[elkjkfj\Zli\k_\
iX`ckfk_\\ok\ej`fekXYc\_fc\j%
=`^li\*'% =ifekiX`cYiXZb\k%
+% 8c`^ek_\]\eZ\iX`ci\ZkXe^lcXiklY`e^ k_i\X[\[_fc\jfm\ik_\]ifekiX`cYiXZb\k
_fc\jXe[j\Zli\`k`egcXZ\n`k_k_\gif$
m`[\[j`o (Ð+$)'o *Ð+_\oYfckjXjj_fne`e
=`^li\*(%
=`^li\*(% =ifekiX`c%
$)/$
Kf`ejkXcck_\i`g]\eZ\kfk_\kXYc\jXn#[f
k_\j\jk\gj1
(% K_i\X[k_\_Xe[c\befYfekfk_\]\eZ\
cfZb`e^_Xe[c\%
)% DXb\jli\k_\_Xe[c\`j`ek_\lecfZb\[
ÈLGÉgfj`k`feY\]fi\gcXZ`e^k_\]\eZ\fe
k_\iX`cj%
=`^li\*)% ?\`^_kX[aljkd\ekYfck%
+% @ejkXcck_\Zc\XijZXc\`e[`ZXkfikfk_\i`^_k
f]k_\]\eZ\n`k_k_\('$)+o *Ð/G_`cc`gj
_\X[jZi\njXe[('nXj_\ij=`^li\** %
JZXc\@e[`ZXkfi
=`^li\**%JZXc\`e[`ZXkfi%
$)0$
8JJ<D9CP
*% :_\Zbkfj\\k_Xkk_\]\eZ\Zc\Xijk_\
kXYc\jli]XZ\k_ifl^_flk`kjiXe^\f]
kiXm\c#Xe[`eZi\Xj\fi[\Zi\Xj\k_\_\`^_k
Y\kn\\ek_\]\eZ\Xe[kXYc\YpX[aljk`e^
k_\Yfckj_fne`e=`^li\*)%
9cX[\>lXi[&Jgc`kk\i
8JJ<D9CP
K_\YcX[\^lXi[&jgc`kk\iXjj\dYcpg\i]fidj
k_i\\`dgfikXekjX]\kp]leZk`fej%( K_\YcX[\
^lXi[`jdX[\f]_`^_`dgXZkZc\XigcXjk`ZXe[
gifm`[\jXZfej`jk\ekj_`\c[fm\ik_\jg`ee`e^
YcX[\%) K_\jgc`kk\ij\gXiXk\jk_\e\ncpZlk
j`[\jf]k_\jkfZbkf_\cggi\m\ekXb`ZbYXZb%
* 8ek`$b`ZbYXZbgXncjfeYfk_j`[\jf]k_\
jgc`kk\iXi\[\j`^e\[kf[`^`ekfk_\nfibg`\Z\
`ek_\\m\ekk_XkXb`ZbYXZbfZZlij%
B\\gk_\YcX[\^lXi[&jgc`kk\ifek_\kXYc\jXn
kf`eZi\Xj\pflijX]\kp[li`e^fg\iXk`fe%
=`^li\*+%Jgc`kk\ij_X]k`ejkXcc\[%
Kf`ejkXcck_\YcX[\^lXi[&jgc`kk\i#[fk_\j\
jk\gj1
(% J\Zli\k_\j_X]k`ekfk_\k_i\X[\[_fc\
XYfm\k_\dfkfidflekn`k_k_\ (Ð)nXj_$
\iXe[_\oelk=`^li\*+ %
)% K`^_k\ek_\j_X]kXcfe^k_\]cXkjn`k_X
(+ddfg\e$\e[ni\eZ_%
*% J\kk_\XiYfiXe^c\kf'ñkfjhlXi\k_\
YcX[\^lXi[%
?\o9fckj
+% Jc`[\k_\YcX[\^lXi[YiXZb\kXjj\dYcp
fekfk_\\e[f]k_\j_X]kXjj_fne`e
=`^li\*,Xe[k`^_k\ek_\_\oYfckj%
=`^li\*,% Jgc`kk\iYiXZb\k`ejkXcc\[fej_X]k%
,% @ejkXcck_\YcX[\^lXi[`ek_\XkkXZ_d\ek
cfZXk`fejXjj_fne`e=`^li\*-%
-% J\Zli\k_\]XZkfipj\k`ek\ieXcXkkXZ_d\ek
]`ijkk_\egfj`k`fek_\YcX[\^lXi[YiXZb\k
kf\e^X^\k_\knfi\XiXkkXZ_d\ekgf`ekj%
8kkXZ_d\ekcfZXk`fej
›8[aljkd\ekjkfXc`^ek_\YcX[\^lXi[n`k_
k_\YcX[\Xe[jhlXi\n`k_k_\kXYc\Xi\
[\jZi`Y\[`ek_\8[aljkd\ekjj\Zk`fef]
k_`jdXelXc%
=`^li\*-% 9cX[\^lXi[&jgc`kk\i
XkkXZ_d\ekcfZXk`fej%
$*'$
Gfn\iJn`kZ_\j
K_\FE&F==jn`kZ_Xe[k_\dX^e\k`Zjn`kZ_
Zfekifcjk_\\c\Zki`Z`kpkfk_\dfkfi%
Kfdflekk_\jn`kZ_\j#[fk_\j\jk\gj1
(% C`e\k_\_fc\f]k_\FE&F==jn`kZ_YiXZb$
\kn`k_k_\_fc\le[\ik_\c\]k$j`[\f]k_\
]\eZ\iX`c%
=`^li\*.% @ejkXcc`e^FE&F==jn`kZ_%
*% Dflekk_\dX^e\k`Zjn`kZ_kfk_\j`[\f]
k_\kXYc\jXnn`k_('$)+o((Ð)G_`cc`gj
_\X[jZi\nj#('nXj_\ij#Xe[('$)+_\o
elkj=`^li\*/ %K_\i\Xi\dflek`e^_fc\j
gi\$[i`cc\[]figifg\igcXZ\d\ekf]k_\
dX^e\k`Zjn`kZ_%
+% @ejkXcck_\n`i\_flj`e^Xifle[k_\n`i\
ilee`e^]ifdk_\gfn\ijn`kZ_kfk_\dX^$
e\k`Zjn`kZ_%
,% @ejkXcck_\n`i\Zc`gj`ek_\gi\$[i`cc\[
_fc\jfek_\j`[\f]k_\ZXY`e\kXe[fek_\
YXZbf]k_\gfn\ijn`kZ_%
-% J\Zli\k_\n`i\`ek_\n`i\Zc`gj%
=`^li\*/% @ejkXcc`e^dX^e\k`Zjn`kZ_%
$*($
8JJ<D9CP
)% Lj\X (Ð+$)'o *Ð+_\oYfckXe[ (Ð+nXj_\i
kfj\Zli\k_\jn`kZ_kfk_\]\eZ\iX`c
=`^li\*. %
KXYc\@ej\ikj
JkXe[Xi[
;X[f
K_\knfkXYc\`ej\ikjj_fne`e=`^li\*0_Xm\
Y\\egifm`[\[n`k_k_\Df[\cN(.'*&N(.(+
KXYc\JXn%K_\`ej\ikn`k_k_\eXiifnfg\e$
`e^`j]fijkXe[Xi[Zlkk`e^Xggc`ZXk`fejXe[k_\
`ej\ikn`k_k_\n`[\fg\e`e^`j]fi[X[fZlkk`e^
Xggc`ZXk`fej%
8JJ<D9CP
8cnXpjlj\k_\kXYc\`ej\ikk_Xkn`ccgifm`[\
k_\jdXcc\jkfg\e`e^%K_`jn`cc\ejli\jX]\#
hlXc`kpZlkj%
Kf`ejkXccXe[Zfii\ZkcpX[aljkpflikXYc\
`ej\ikj#[fk_\j\jk\gj1
=`^li\*0% =XZkfipkXYc\`ej\ikj%
(% GcXZ\k_\`ej\ik`ekfk_\fg\e`e^f]k_\
kXYc\%
)% GcXZ\XjkiX`^_k\[^\XZifjjk_\kXYc\jli$
]XZ\Xe[X[aljkk_\j\kjZi\nj#Xjj_fne`e
=`^li\+'#kfdXb\k_\`ej\ik]clj_n`k_
k_\kfgf]k_\kXYc\%
*% 8]k\ik_\`e`k`XcX[aljkd\ekj_Xm\Y\\e
dX[\#[flYc\Z_\Zbk_\`ej\ikn`k_k_\
jkiX`^_k\[^\kf\ejli\k_Xkk_\\ek`i\
`ej\ik`j]clj_n`k_k_\kXYc\%
=`^li\+'% 8[aljk`e^kXYc\`ej\ik_\`^_k%
$*)$
8;ALJKD<EKJ
9cX[\
K_\]fccfn`e^X[aljkd\ekjk_ifl^_flkk_`jj\Z$
k`fei\hl`i\pflkf_Xm\k_\YcX[\`ejkXcc\[`e
k_\kXYc\jXn%
LEGCL>$ k_\ gfn\i Zfi[
n_\e dXb`e^ Xep X[aljk$
d\ekj fe k_`j dXZ_`e\
Fk_\in`j\# j\i`flj g\i$
jfeXc`ealipkfpflfifk_$
\ijdXpfZZli
N<8I K?@:B C<8K?<I
>CFM<J KXYc\ jXn YcX[\j
Xi\ \oki\d\cp j_Xig 9\
m\ip ZXi\]lc n_\e nfib$
`e^Xifle[k_\d%Fe\jdXcc
d`jkXb\Zflc[i\jlck`eXki`g
kfk_\\d\i^\eZpiffd
(% LEGCL>K?<K89C<J8N
)% IX`j\k_\XiYfikfk_\dXo`dld_\`^_k%
*% I\dfm\k_\kXYc\`ej\ik%
=`^li\+(%K`^_k\e`e^YcX[\
]ifdY\_`e[k_\dXZ_`e\ %
,
+% I\dfm\k_\ Ð/XiYfielk]ifdk_\XiYfi#
k_\egcXZ\k_\YcX[\`ej`[\k_\kXYc\fg\e$
`e^Xe[]`k`kfek_\XiYfijfk_Xkk_\k\\k_
]XZ\kfnXi[k_\]ifekf]k_\jXn%
@]pfl\m\iefk`Z\k_\YcX[\nfYYc`e^[li`e^
fg\iXk`fe#kliek_\gfn\if]]`dd\[`Xk\cp%
Legcl^ k_\ jXn# k_\e Z_\Zb k_\ XiYfi elk
Xe[ k`^_k\e `k `] e\Z\jjXip% Fg\iXk`e^ k_\
jXnn`k_Xcffj\YcX[\dXpZXlj\`ealipfi
[XdX^\kf\hl`gd\ek%
,% ?fc[k_\YcX[\]cXkX^X`ejkk_\]cXe^\Xe[
]`e^\ik`^_k\ek_\XiYfielkfek_\XiYfi%
-% Lj\XjZiXgYcfZbf]nff[kfYiXZ\k_\
YcX[\Xjj_fne`e=`^li\+(%N`k_k_\
`eZcl[\[XiYfini\eZ_#k`^_k\ek_\XiYfi
elk%;FEFKfm\i$k`^_k\ek_\elk%
$**$
8;ALJKD<EKJ
Kf`ejkXcck_\YcX[\fek_\kXYc\jXn#[f
k_\j\jk\gj1
9cX[\GXiXcc\c`jd
K_\XiYfigfj`k`fe_XjY\\ej\kXkk_\]XZkfip
kf_fc[k_\YcX[\gXiXcc\cn`k_k_\d`k\ijcfkj
`ek_\kXYc\%@]pfl]`e[k_Xkk_\kXYc\jXn`j
efkgXiXcc\c#X[aljkd\ekjj_flc[Y\dX[\kf
XZ_`\m\k_\Y\jki\jlckj]ifdpflijXn%
J<<B Xjj`jkXeZ\ ]ifd Xefk_\i g\ijfe kf
i\dfm\&i\gcXZ\ k_\ kXYc\ Xe[ n`e^j% K_\
kXYc\ Xe[ n`e^j Xi\ m\ip _\Xmp Xe[ dXp
ZXlj\`ealipn_`c\c`]k`e^%
KfX[aljkk_\YcX[\gXiXcc\ckfk_\d`k\ijcfk#
[fk_\j\jk\gj1
(% @ejkXccXYcX[\fek_\XiYfi%
)% Gfj`k`fek_\YcX[\Xk0'ñ%
8;ALJKD<EKJ
*% Lj\Xki`$jhlXi\kfd\Xjli\k_\[`jkXeZ\
Y\kn\\ek_\]ifekf]k_\YcX[\Xe[k_\
d`k\ijcfkXjj_fne`e=`^li\+)%
+% IfkXk\k_\YcX[\(/'ñXe[d\Xjli\k_\
[`jkXeZ\Y\kn\\ek_\YXZbf]k_\YcX[\
Xe[k_\d`k\ijcfk%
,% :fdgXi\Yfk_d\Xjli\d\ekj%@]k_\i\`j
'%'',[`]]\i\eZ\fic\jj`eYfk_d\Xjli\$
d\ekj#efX[aljkd\ekje\\[kfY\dX[\%@]
k_\[`]]\i\eZ\`j^i\Xk\ik_Xe'%'',#efk\
k_\[`]]\i\eZ\#Xjpfln`cce\\[kfdXb\
X[aljkd\ekjkfk_\kXYc\%
=`^li\+)%:_\Zb`e^YcX[\&d`k\ijcfkgXiXcc\c%
-% Gfj`k`fek_\YcX[\Xk+,ñXe[i\g\Xkjk\gj
*$,%
EFK@:<
@]pfldfm\k_\YcX[\gfj`k`fe#dXb\jli\
kfXc`^eYcX[\jgc`kk\iXe[Z_\Zbk_\d`k\i
jcfk$kf$YcX[\Xc`^ed\ek%
.% I\dfm\k_\YcX[\^lXi[Xe[]\eZ\%
/% GcXZ\k_\jXnYXj\le`kkXYc\[fneXj
j_fne`e=`^li\+*%
0% :cXdgk_\]ifekXe[i\Xikilee`fejXe[
kilee`feYiXZb\kjkf^\k_\ikfb\\gk_\
YcX[\k`ck`e^Xjj\dYcpXjfe\le`k%
$*+$
›@]k_\YcX[\nXjefkgXiXcc\ckfk_\d`k\i
jcfkn_\ek_\YcX[\nXjXk0'ñ#Zfek`el\
kfk_\ÈJ_`]k`e^Kilee`fe@ejkilZk`fejÉ%
›@]k_\YcX[\nXjefkgXiXcc\ckfk_\d`k\i
jcfkn_\ek_\YcX[\nXjXk+,ñ#Zfek`el\
kfk_\ÈJ_`dd`e^Kilee`fe@ejkilZk`fejÉ%
J_`]k`e^Kilee`fe@ejkilZk`fej
(% Cffj\ek_\+kilee`feYfckj=`^li\+* %
)% J_`]kk_\`ek\ieXcZfdgfe\ekjf]k_\jXn#
XZZfi[`e^kfk_\d\Xjli\d\ekjkXb\e`e
jk\gj*Xe[+]ifdk_\g\im`fljj\Zk`fe%
=`^li\+*%Kilee`feYfckjfecpknfj_fne %
*% I\Xjj\dYc\k_\jXnXe[Z_\Zbk_\d\X$
jli\d\ekjX^X`e%
(J_`d
=ifek
J_`dd`e^Kilee`fe@ejkilZk`fej
(% Lj\=`^li\++kfj_`dk_\kilee`feXZZfi[$
`e^kfk_\d\Xjli\d\ekjkXb\e`ejk\g-
n`k_k_\YcX[\Xk+,ñ%DXb\jli\pflgcXZ\
k_\j_`dj Y\kn\\ek_\kXYc\Xe[kile$
e`fe%
›J_`d`eZfie\ij(Xe[)`]k_\[`jkXeZ\
f]8`jj_fik\ik_Xe9%
›J_`d`eZfie\ij*Xe[+`]k_\[`jkXeZ\
f]9`jj_fik\ik_Xe8%
+J_`d
*J_`d
)J_`d
+,ñ9cX[\
=`^li\++%J_`dd`e^gfj`k`fej%
)% IfkXk\k_ifl^_k_\kilee`feYfckjXe[
k`^_k\e\XZ_fe\Xc`kkc\XkXk`d\lek`cXcc
k_\YfckjXi\j\Zli\%
*% I\Xjj\dYc\k_\jXnXe[Z_\Zbk_\d\X$
jli\d\ekjX^X`e%
+% @]k_\YcX[\`jjk`ccefkgXiXcc\ckfk_\d`k\i
jcfk#[`jXjj\dYc\k_\kXYc\jXnXe[i\g\Xk
k_`jj\Zk`fe%
$*,$
8;ALJKD<EKJ
+% @]k_\YcX[\`jjk`ccefkgXiXcc\ckfk_\d`k\i
jcfk#[`jXjj\dYc\k_\kXYc\jXnXe[i\g\Xk
k_`jj\Zk`fe%
=\eZ\GXiXcc\c`jd
K_\jXnYcX[\j_flc[Y\gXiXcc\ckfk_\d`k\i
jcfk#Xj[\jZi`Y\[`ek_\gi\m`fljjlY$j\Zk`fe#
Y\]fi\g\i]fid`e^k_`jX[aljkd\ek%
;@J:FEE<:K gfn\i kf
k_\ jXn Xk k_`j k`d\
Fk_\in`j\#j\i`flj`ealip
dXpfZZli%
KfX[aljkk_\E:AB8AJž8cldX$:cXjj`Z =\eZ\gXiXcc\cn`k_k_\d`k\ijcfk#[fk_\j\
jk\gj1
(% LEGCL>K?<K89C<J8N
)% 8c`^ek_\\[^\f]k_\]\eZ\n`k_k_\\[^\
f]k_\d`k\ijcfk%
8;ALJKD<EKJ
*% 8[aljkk_\j\kjZi\njj_fne`e=`^li\+0kf
X[aljkk_\Xe^c\f]k_\]\eZ\%Efk\ÇK_\
c\]kj\kjZi\nn`ccdfm\k_\]\eZ\c\]kXe[
k_\i`^_kj\kjZi\nn`ccdfm\k_\]\eZ\
i`^_k%
+% 8[aljkk_\]\eZ\lek`ck_\YXZb\e[f]k_\
]\eZ\]Xccj (Ð-+XnXp]ifdk_\d`k\ijcfk
=`^li\,' jfk_\nfibg`\Z\ZXeZc\Xi
k_\fggfj`k\\e[f]k_\jXnYcX[\n`k_flk
Y`e[`e^%K_`j`jZXcc\[Èc\X[ÉgifefleZ\[
c\\[ %
=`^li\+,%=\eZ\X[aljkd\ekj\kjZi\nj%
(
Ð-+
J_fne \oX^^\iXk\[ ]fi
`ccljkiXk`fegligfj\j%
=`^li\+-%=\eZ\X[aljkd\ekj\kjZi\nj%
$*-$
Jgc`kk\i
8[aljkd\ek9fckj
8c`^e k_\ nff[ jgc`kk\i n`k_ k_\ YcX[\# fk_$
\in`j\ b`ZbYXZb dXp fZZli% @^efi`e^ k_`j
nXie`e^ ZXe ZXlj\ j\m\i\ `ealip fi [\Xk_% @]
pfl ZXeefk ^\k k_\ YcX[\ jgc`kk\i Xe[ YcX[\
Xc`^e\[#ZXccflij\im`Z\[\gXikd\ek]fi_\cg%
?\o9fckj
KfX[aljkk_\YcX[\jgc`kk\ijhlXi\kfk_\
kXYc\#[fk_\j\jk\gj1
=`^li\+.% 8c`^e`e^jgc`kk\ikfYcX[\%
(% Cffj\ek_\_\oYfckjj_fne`e=`^li\+.
kfXccfnk_\YcX[\jgc`kk\ikfifkXk\fek_\
jlggfikj_X]k%
8;ALJKD<EKJ
)% Lj\XdXZ_`e`jkjhlXi\kfX[aljkk_\YcX[\
jgc`kk\i0'ñkfk_\kXYc\Xjj_fne`e=`^li\
+/%
*% K`^_k\ek_\_\oYfckjkfcfZbk_\jgc`kk\i`e
gcXZ\%
KfZ_\ZbXe[Xc`^ek_\jgc`kk\ikfk_\YcX[\#
[fk_\j\jk\gj1
(% IX`j\k_\YcX[\kf`kjdXo`dld_\`^_k%
)% ?fc[XjkiX`^_k\[^\X^X`ejkk_\YcX[\Xe[
Z_\ZbkfdXb\jli\k_Xkk_\jgc`kk\iXe[
k_\YcX[\Xi\`e$c`e\%
›@]`k`j#k`^_k\ek_\X[aljkd\ekYfckj
j_fne`e=`^li\+.fek_\jgc`kk\iYiXZb\k%
›@]`k`jefk#Zfek`el\kfjk\gj*+kfi\$
Xc`^ek_\jgc`kk\ikfk_\YcX[\%
=`^li\+/% JhlXi`e^jgc`kk\ikfk_\kXYc\%
*% KfXc`^ek_\jgc`kk\ikfk_\YcX[\#cffj\e
k_\knfX[aljkd\ekYfckjXe[k_\knf
`ek\ieXcX[aljkd\ekYfckjfek_\YiXZb\k
k_Xk_fc[jk_\]ifekf]k_\jgc`kk\ij_fne
`e=`^li\+0%
8[aljkd\ek9fckj
+% 8c`^ek_\YcX[\Xe[jgc`kk\ijfk_\pYfk_
\m\ecpkflZ_k_\jkiX`^_k\[^\%K`^_k\eXcc
k_\X[aljk`e^Yfckjkfj\Zli\k_\jgc`kk\i`e
gcXZ\%
=`^li\+0%Jgc`kk\iXkkXZ_d\ekcfZXk`fej%
$*.$
+,ñGfj`k`m\Jkfg
;@J:FEE<:K gfn\i kf
k_\ jXn Xk k_`j k`d\
Fk_\in`j\#j\i`flj`ealip
dXpfZZli%
K_\+,ñgfj`k`m\jkfgXjjli\jpflk_Xk
k_\YcX[\`jZfii\Zkcpj\kXk+,ñn_\ek_\
_Xe[n_\\cjkfgj%
KfZ_\Zbk_\+,ñgfj`k`m\jkfg#[fk_\j\
jk\gj1
(% LEGCL>K?<K89C<J8N
)% IX`j\k_\YcX[\kf]lcc_\`^_k%
*% GcXZ\X+,ñXe^c\^Xl^\]cXkfek_\kXYc\
Xe[lgX^X`ejkk_\YcX[\%
8;ALJKD<EKJ
+% K`ckk_\n_\\cjfk_\YcX[\\m\ecpkflZ_\j
k_\+,ñXe^c\^Xl^\#n_`c\k_\^Xl^\
\m\ecpkflZ_\jk_\jli]XZ\f]k_\kXYc\#Xj
j_fne`e=`^li\,'%
Kfj\kk_\+,ñgfj`k`m\jkfg#[fk_\j\jk\gj1
=`^li\,'%J\kk`e^YcX[\kf+,ñ%
(% I\XZ_k_ifl^_k_\YXZbf]k_\jXnXe[
cfZXk\k_\gfj`k`m\jkfgYfckj_fne`e
=`^li\,(%
)% Dfm\k_\gfj`k`m\jkfgYfck`efiflkkf
ZfekXZkk_\le[\ij`[\f]k_\jXnkXYc\%
K_`jjk\gdXpkXb\jfd\ki`XcXe[\iifi%
+,ñGfj`k`m\Jkfg
*% N_\ek_\gfj`k`m\jkfgYfck`jX[aljk\[jf
`kjkfgjk_\k`ck`e^Xjj\dYcpXk+,ñ#k`^_k\e
k_\elkXkk_\Yfkkfdf]k_\Yfckjfk_\
Yfckn`ccefkklie`e\`k_\i[`i\Zk`fen`k_
pfli]`e^\ij%
+% K`ckk_\YcX[\XnXp]ifd+,ñXe[k_\e
YXZbkf+,ñ%
=`^li\,(%+,ñGfj`k`m\jkfg%
,% :_\Zbk_\YcX[\n`k_k_\+,ñXe^c\X^X`e%
›@]k_\Xe^c\kflZ_\jYfk_k_\YcX[\Xe[
k_\kXYc\\m\ecp#`k`jZfii\Zk%
›@]`k[f\jefkkflZ_Yfk_\m\ecp#X[aljk
k_\YcX[\kfk_\Xe^c\X^X`eXe[i\g\Xk
jk\gj($,%
$*/$
0'ñGfj`k`m\Jkfg
;@J:FEE<:K gfn\i kf
k_\ jXn Xk k_`j k`d\
Fk_\in`j\#j\i`flj`ealip
dXpfZZli%
K_\0'ñgfj`k`m\jkfgXjjli\jpflk_Xk
k_\YcX[\`jZfii\Zkcpj\kXk0'ñn_\ek_\
_Xe[n_\\cjkfgj%
KfZ_\Zbk_\0'ñgfj`k`m\jkfg#[fk_\j\
jk\gj1
(% LEGCL>K?<K89C<J8N
)% IX`j\k_\YcX[\kf]lcc_\`^_k%
*% GcXZ\XdXZ_`e`jkjhlXi\]cXkfek_\kXYc\
Xe[lgX^X`ejkk_\YcX[\%
+% IfkXk\k_\n_\\cjfk_\YcX[\\m\ecp
kflZ_\jk_\0'ñXe^c\^Xl^\#n_`c\k_\
^Xl^\\m\ecpkflZ_\jk_\jli]XZ\f]k_\
kXYc\#Xjj_fne`e=`^li\,)%
=`^li\,)%J\kk`e^YcX[\kf0'ñ%
(% I\XZ_k_ifl^_k_\YXZbf]k_\jXnXe[
cfZXk\k_\0'ñgfj`k`m\jkfgYfckj_fne`e
=`^li\,*%
)% Dfm\k_\gfj`k`m\jkfgYfck`efiflkkf
ZfekXZkk_\]ifekkilee`fe%K_`jjk\gdXp
kXb\jfd\ki`Xc$Xe[$\iifi%
*% N_\ek_\gfj`k`m\jkfgYfck`jX[aljk\[jf
`kjkfgjk_\k`ck`e^Xjj\dYcpXk0'ñ#k`^_k\e
k_\elkXkk_\Yfkkfdf]k_\Yfckjfk_\
Yfckn`ccefkklie`e\`k_\i[`i\Zk`fen`k_
pfli]`e^\ij%
0'ñGfj`k`m\Jkfg
+% K`ckk_\YcX[\XnXp]ifd0'ñXe[k_\e
YXZbkf0'ñ%
,% :_\Zbk_\YcX[\n`k_k_\kipjhlXi\X^X`e%
›@]k_\Xe^c\kflZ_\jYfk_k_\YcX[\Xe[
k_\kXYc\\m\ecp#`k`jZfii\Zk%
›@]`k[f\jefkkflZ_Yfk_\m\ecp#X[aljk
k_\YcX[\kfk_\Xe^c\X^X`eXe[i\g\Xk
jk\gj($,%
=`^li\,*%0'ñgfj`k`m\jkfgYfck%
$*0$
8;ALJKD<EKJ
Kfj\kk_\0'ñgfj`k`m\jkfg#[fk_\j\jk\gj1
8e^c\Gf`ek\i
K_\ Xe^c\ gf`ek\i Xccfnj pfl kf j\k k_\ Xe^c\
kfk_\Zfii\Zkgfj`k`fefek_\Xe^c\^Xl^\X]k\i
j\kk`e^k_\0'ñXe[+,ñgfj`k`m\jkfgj%
Kfj\kk_\Xe^c\gf`ek\i#[fk_\j\jk\gj1
(% DXb\jli\k_Xkpfl_Xm\g\i]fid\[k_\0'ñ
Xe[ +,ñ gfj`k`m\ jkfg `ejkilZk`fej Y\]fi\
Y\^`ee`e^%
)% Kliek_\YcX[\kf0'ñ%
=`^li\,+%K_\Xe^c\gf`ek\i%
8;ALJKD<EKJ
*% :_\Zb k_\ Xe^c\ gf`ek\i% @] `k i\X[j È'#É
k_\e`k`jXci\X[pX[aljk\[Zfii\Zkcp%
+% @]`k`jefkgf`ek`e^kfÈ'#Édfm\k_\gf`ek\i
kf'ñ=`^li\,+ %Efk\ÇK_\Xe^c\gf`ek\i
ZXe Y\ X[aljk\[ Yp cffj\e`e^ k_\ j\kjZi\n
Y\_`e[k_\gf`ek\i%
D`k\i>Xl^\
J\kjZi\n
K_\d`k\i^Xl^\j_fne`e=`^li\+* Xccfnjpfl
kfjlggfikk_\nfibg`\Z\XkX^`m\eXe^c\#n_`c\
ZifjjZlkk`e^%@efi[\ikfY\XZZliXk\#k_\d`k\i
^Xl^\gf`ek\ie\\[jkfY\X[aljk\[Y\]fi\lj\%
=`^li\,,%K_\d`k\i^Xl^\%
Kf j\k k_\ d`k\i ^Xl^\ gf`ek\i# [f k_\j\
jk\gj1
EFK@:<
(% Cffj\e k_\ d`k\i _Xe[c\ j_fne `e =`^li\
,,# jf k_\ d`k\i ^Xl^\ ifkXk\j YXZb Xe[
]fik_%
@] k_\ d`k\i YXi ]`kj kff cffj\ `e k_\ d`k\i
jcfk# `k ZXe Y\ X[aljk\[ Yp k`^_k\e`e^ k_\
j\kjZi\nj fe k_\ j`[\ f] k_\ d`k\i jc`[\%
K_\j\j\kjZi\njglj_k_\k_`enXccjf]k_\
jc`[\flkjc`^_kcpkfZi\Xk\i\j`jkXeZ\n_`c\
`ek_\d`k\ijcfk%;fefkfm\i$k`^_k\e%
)% Lj`e^XjhlXi\#X[aljkk_\d`k\iYf[pjf`k
`jjhlXi\kfk_\d`k\iYXi%
*% K`^_k\e k_\ befY jf k_\ d`k\i Yf[p `j
j\Zli\%
+% Cffj\ek_\j\kjZi\nfek_\d`k\ijc`[\e\ok
kf k_\ Xe^c\ gf`ek\i# Xe[ X[aljk k_\ Xe^c\
gf`ek\i jf `k i\X[j È'%É K`^_k\e k_\ j\k$
jZi\njfk_\Xe^c\gf`ek\i`jj\Zli\%
,% :_\ZbXe[X[aljk`]e\Z\jjXip%
$+'$
Nfid>\Xi
:_\ZbElk
:fccXi
K_\nfid^\Xijfek_\YcX[\k`ckXe[_\`^_k
_Xe[n_\\cj_X]kjZXeY\X[aljk\[feXe\ZZ\e$
ki`ZYlj_`e^kfi\[lZ\XepYXZbcXj_Y\kn\\e
k_\nfid^\XiXe[k_\kilee`fek\\k_%
KfX[aljkk_\YcX[\k`cknfid^\Xi#[fk_\j\
jk\gj1
Nfid>\Xij
K_i\X[\[<ZZ\eki`Z
9lj_`e^
(% LEGCL>K?<K89C<J8N
)% I\dfm\k_\[ljkgfik]ifdk_\Yfkkfdf]
k_\kXYc\jXn%
=`^li\,-%9cX[\k`cknfid^\Xi%
*% Cffj\ek_\ZfccXij\kjZi\nXe[jc`[\k_\
ZfccXiXnXp]ifdk_\Z_\Zbelk%
KfX[aljkk_\YcX[\_\`^_knfid^\Xi#[f
k_\j\jk\gj1
+% Lek_i\X[k_\Z_\ZbelkZfdgc\k\cpf]]f]
k_\k_i\X[\[\ZZ\eki`ZYlj_`e^=`^li\
,- %
(% LEGCL>K?<K89C<J8N
,% GcXZ\Xni\eZ_fek_\È]cXkjÉf]k_\
k_i\X[\[Ylj_`e^Xe[jcfncpkliek_\
ni\eZ_kfX[aljkk_\nfie^\Xilgfi
[fne%Efk\ÇK_\nfid^\XiXe[kilee`fe
k\\k_j_flc[d\j_n`k_XcdfjkefYXZb$
cXj_%
I\dfm\k_\ifccg`e`ek_\_Xe[n_\\c
j_X]k%
I\dfm\k_\nXj_\iXe[Xe^c\gf`ek\i]ifd
k_\k_i\X[\[\ZZ\eki`ZYlj_`e^kfi\m\Xc
k_\\ZZ\eki`ZÈ]cXkjÉ%
-% K_i\X[k_\Z_\ZbelkYXZbfekfk_\Ylj_$
`e^#Y\`e^ZXi\]lcefkkfdfm\k_\Ylj_$
`e^%
,% Cffj\ek_\Z_\ZbelkXe[k_i\X[`kYXZb
]ifdk_\kilee`feZXjk`e^%
.% GcXZ\Xni\eZ_fek_\È]cXkjÉf]k_\
k_i\X[\[Ylj_`e^kf_fc[k_\\ZZ\eki`Z`e
gcXZ\#Xe[k`^_k\ek_\Z_\ZbelkX^X`ejk
k_\ZXjk`e^%
-% GcXZ\Xni\eZ_fek_\È]cXkjÉf]k_\
k_i\X[\[Ylj_`e^Xe[X[aljkk_\nfie^\Xi
lgfi[fne%Efk\ÇK_\nfid^\XiXe[
kilee`fek\\k_j_flc[d\j_n`k_Xcdfjk
efYXZbcXj_%
.% K_i\X[k_\Z_\ZbelkYXZbfekfk_\Ylj_$
`e^#Y\`e^ZXi\]lcefkkfdfm\k_\Ylj_`e^%
/% K`^_k\ek_\Z_\ZbelkX^X`ejkk_\ZXjk`e^
n_`c\lj`e^Xni\eZ_kf_fc[k_\k_i\X[\[
Ylj_`e^jkXk`feXip%
$+($
8;ALJKD<EKJ
'# I\dfm\k_\YcX[\_\`^_k_Xe[n_\\c%
K\jkIle
N_\e Xjj\dYcp `j Zfdgc\k\ Xe[ Xcc jX]\kp Zfe$
j`[\iXk`fej_Xm\Y\\ed\k#`k`jk`d\kfk\jkile
pflikXYc\jXn%
@] pfl Xi\ fg\iXk`e^ pfli jXn fe ))'M# efn `j
k_\k`d\kf`ejkXccpfli-$(,gcl^%
DXb\ jli\ k_\ gcl^ `j Zfee\Zk\[ kf k_\ gfn\i
jfliZ\% Klie k_\ kXYc\ jXn FE% J`d`cXi kf
=`^li\ ,.# b\\g pfli _Xe[ fm\i k_\ Zfekifcj
`eZXj\k_\i\`jXj`klXk`fek_Xki\hl`i\jpflkf
hl`Zbcp klie k_\ gfn\i F==% Pfli jXn j_flc[
ilejdffk_cpn`k_efjkiXe^\ef`j\jfi\oZ\jj`m\
m`YiXk`fe%
8;ALJKD<EKJ
=`^li\,.%?Xe[gf`j\[fm\iFE&F==jn`kZ_%
$+)$
FG<I8K@FEJ
9cX[\J\c\Zk`fe
N`k_Xcck_\mXi`fljb`e[jf]YcX[\jXmX`cXYc\#
`knflc[Y\Y\pfe[k_\jZfg\f]k_`jdXelXc
kfeXd\\m\ipkpg\f]YcX[\Xe[kffk_[\j`^e%
?fn\m\i#k_\i\Xi\jfd\YXj`Zjk_XkXi\`dgfi$
kXekkfbefn%
8cnXpj n\Xi jX]\kp ^cXjj$
\j [li`e^ fg\iXk`fej%
J\i`flj `ealip dXp fZZli
`]k_`jnXie`e^`j`^efi\[
9cX[\DXk\i`Xc
K_\i\Xi\knfdXafidXk\i`Xcjlj\[`eZ`iZlcXi
jXnYcX[\jÇ:XiY`[\Xe[Jk\\c%
Dfjknff[nfib\ijgi\]\iZXiY`[\$k`gg\[
YcX[\jY\ZXlj\k_\pZXecXjkdlZ_cfe^\ik_Xe
jk\\cYcX[\jY\]fi\k_\pe\\[kfY\i\j_Xig$
\e\[%:XiY`[\$k`gg\[YcX[\jXi\XcjfXcfkdfi\
\og\ej`m\k_Xejk\\cYcX[\jXe[i\hl`i\\og\e$
j`m\_fe`e^\hl`gd\ekkfY\j_Xig\e\[%
Jk\\cYcX[\jZXeY\j_Xig\ik_XeZXiY`[\$
k`gg\[YcX[\jXe[Zi\Xk\c\jj]i`Zk`fe[li`e^X
Zlk%J`eZ\k_\pn\Xiflkjfhl`Zbcp#k_\pXi\
f]k\efecplj\[`]_\Xkn`ccY\X]fi\j\\XYc\
gifYc\dn_\eZlkk`e^k_`ZbjkfZb%Jk\\cYcX[\j
Xi\\Xjpkfi\j_Xig\eXe[Xi\efkXj\og\ej`m\
Xjk_\`iZXiY`[\$k`gg\[Zflek\igXikj%
=`^li\,/%I`gYcX[\%
FG<I8K@FEJ
9cX[\Kpg\j
›
=`^li\,/j_fnjXe\oXdgc\f]Xi`gYcX[\%
K_`jjkpc\f]YcX[\kpg`ZXccp_XjY\kn\\e
*'$+'k\\k_Xe[gifm`[\j]Xjk]\\[iXk\j
n_\edXb`e^cfe^ZlkjXcfe^k_\^iX`e%
K_\i`gYcX[\_XjcXi^\k\\k_k_Xkgifm`[\
\oZ\cc\ekZ_`gZc\XiXeZ\Xe[d`e`d`q\
k_\Z_XeZ\jf]Y`e[`e^%;iXnYXZbjkfk_`j
kpg\f]YcX[\Xi\k_\ifl^_\iZlkjk_Xkk_\
cXi^\k\\k_c\Xm\`ek_\jkfZb%
›
=`^li\,0j_fnjXe\oXdgc\f]XZifjjZlk$
k`e^YcX[\%K_`jkpg\f]YcX[\`j[\j`^e\[
]fihl`Zb#jdffk_XZk`fen_\edXb`e^Zlkj
XZifjjk_\^iX`e%;iXnYXZbjkfk_`jkpg\
f]YcX[\Xi\Yl`c[lgf]_\Xk#jcfn\i]\\[
iXk\jXe[gi\dXkli\n\Xif]k_\YcX[\
Y\ZXlj\k_\^i\Xk\ieldY\if]k\\k_Zi\$
Xk\jdfi\]i`Zk`fe%
=`^li\,0%:ifjjZlkk`e^YcX[\%
$+*$
›
=`^li\-'j_fnjXe\oXdgc\f]XZfd$
Y`eXk`feYcX[\%:fdY`eXk`feYcX[\jXi\
[\j`^e\[kfg\i]fidYfk_i`gg`e^Xe[
ZifjjZlkk`e^[lk`\j%K_\YcX[\jZXiip
\efl^_k\\k_kfg\i]fidk_\jdffk_Zlk$
k`e^f]XZifjjZlkk`e^YcX[\Xe[k_\cXi^\
^lcc\kjf]Xi`gYcX[\kfZc\XijXn[ljk
hl`Zbcp%;iXnYXZbjkfk_`jkpg\f]YcX[\
Xi\k_Xkk_\p[fefkg\i]fid\`k_\i]leZ$
k`feXjn\ccXjX[\[`ZXk\[i`gfiZifjjZlk
YcX[\%
›
=`^li\-(j_fnjXe\oXdgc\f]Xgcpnff[
YcX[\%Gcpnff[YcX[\j_Xm\XcXi^\eld$
Y\if]k\\k_#_Xm\Xk_`eb\i]Xe[Zi\Xk\
\oZ\gk`feXccpjdffk_Zlkj%8jk_\eXd\
`dgc`\j#k_\j\kpg\jf]YcX[\jXi\\oZ\c$
c\ek]fi]`e\gcpnff[Xe[Xcjf]fiZlkk`e^
Y\m\cj#iXYY\kjfiZfdgfle[d`k\ij%K_\
[iXnYXZbkfk_`jkpg\f]YcX[\`jk_\^i\Xk
Xdflekf]_\Xkgif[lZ\[]ifdk_\dXep
k\\k_%K_\j\YcX[\jj_flc[efkY\lj\[]fi
_\Xmpi`gg`e^fiZlkk`e^k_`ZbjkfZb%
FG<I8K@FEJ
›
=`^li\-'%:fdY`eXk`feYcX[\%
=`^li\-)j_fnjXjkXZb[X[fYcX[\%;X[f
YcX[\jZfd\`ek_i\\[`]]\i\ekkpg\j1jkXZb
[X[f\j#nfYYc\[f[f\j#Xe[M$[X[f\j%
;X[fYcX[\jXccfnk_\fg\iXkfikfZ_Xe^\
b\i]j`q\jXe[kfdXb\hl`ZbXe[\Xjpefe$
k_ifl^_Zlkj%;X[fYcX[\jXi\gi`dXi`cp
[\j`^e\[]fidXb`e^[X[fXe[iXYY\kZlkj%
K_\[iXnYXZbkfk_\j\kpg\jf]YcX[\jXi\
k_\`i_`^_Zfjk%
=`^li\-(Gcpnff[YcX[\%
;f efk lj\ [X[f YcX[\j ]fi k_ifl^_ Zlkj%
K_\p Xi\ efk [\j`^e\[ ]fi k_ifl^_ Zlkj
Xe[dXpZXlj\d`efikfdf[\iXk\g\ijfeXc
`ealipn_\ed`jlj\[%
8jX^l`[\c`e\#k_\dfi\k\\k_`eXZlk#k_\
^i\Xk\ik_\]i`Zk`fen`ccY\%JdXcc\ik\\k_
kXb\c\jjf]XY`k\flkf]k_\nff[k_XecXi^\i
k\\k_2k_lj#k_\p_Xm\Xjcfn\i]\\[iXk\
n_`Z_^\e\iXk\jdfi\_\Xk%KffdlZ__\XkZXe
ZXlj\pflijkfZbkfYlie#pfliYcX[\jkfn\Xi
flkgi\dXkli\cp#Xe[dXpi\jlck`eb`ZbYXZb%
8cnXpjb\\gk_`j`ed`e[n_\eXggcp`e^pfli
]\\[iXk\%
=`^li\-)%;X[fYcX[\%
$++$
Kffk_:fe]`^liXk`fe
=cXk$Kfg>i`e[
Ki`gc\$:_`g>i`e[
8ckKfg9\m\c
8ckKfg9\m\cIXb\i
Kffk_:fe]`^liXk`fe`jXefk_\i`dgfikXek
Xjg\Zkf]YcX[\[\j`^e%K_\i\Xi\]flidX`e
kpg\j1]cXk$kfg^i`e[]fi]Xjk_\Xmp$[lkpi`g$
g`e^2Xck\ieXk\$kfgY\m\c]fii\[lZ\[$_\Xk#
k\Xi$flk]i\\Zlkj#Xe[i`gg`e^&Zlkk`e^2Xck\i$
eXk\$kfgY\m\cXe[iXb\i]fijfc`[Xe[gcpnff[#
^ff[Xcc$Xifle[#Ylkefk]fi]`e\af`e\ip2Xe[
ki`gc\$Z_`g^i`e[]fiZlkk`e^_Xi[nff[jXj
n\ccXjgcXjk`Zj#gXik`Zc\YfXi[Xe[Xcld`eld%
=`^li\-*j_fnjk_\j\Zfe]`^liXk`fej#Xcfe^
n`k_k_\`ii\jg\Zk`m\b\i]gif]`c\j%
9cX[\?\`^_k
=fifgk`dldZlkk`e^fek_ifl^_$Zlkj#iX`j\k_\
YcX[\_\`^_kjf`kZfd\jflkf]k_\nfibg`\Z\
Xggifo`dXk\cp(Ð+Xjj_fne`e=`^li\-+%
@[\XccppflnXek,$.k\\k_`ek_\nfibg`\Z\Xk
fe\k`d\%
=`^li\-*%Kffk_Zfe]`^liXk`fej%
=\\[IXk\
Kf[\k\id`e\k_\Xggifgi`Xk\]\\[iXk\#kXb\
`ekfZfej`[\iXk`fek_\j`q\f]pflidfkfi?G #
k_\k_`Zbe\jjXe[jg\Z`\jf]pflinfibg`\Z\#
k_\kpg\Xe[k_\j_Xige\jjf]k_\YcX[\pfl
Xi\lj`e^%Dfjkf]Xcc#c`jk\ekfk_\dfkfiXe[
lj\Zfddfej\ej\%@]pflXi\Zlkk`e^Xk_`Zb
g`\Z\f]jkfZbXe[k_\dfkfijfle[jc`b\`k`j
jkil^^c`e^#`kgifYXYcp`j%I\[lZ\k_\]\\[iXk\
`dd\[`Xk\cpjfpfl[fefkZXlj\Xb`ZbYXZb%
=`^li\-+9cX[\gifkil[`e^(Ð+]ifdnfibg`\Z\%
$+,$
FG<I8K@FEJ
D8B< JLI< k_Xk pfli
dXZ_`e\ `j legcl^^\[
[li`e^ Xcc YcX[\ Z_Xe^$
`e^ gifZ\[li\j @] k_`j
nXie`e^`j`^efi\[#j\i`$
fljg\ijfeXc`ealipdXp
fZZli%
K_\iXk\Xkn_`Z_pflglj_k_\nfibg`\Z\`ekf
k_\dfm`e^YcX[\`j\oki\d\cp`dgfikXek]fi
dXb`e^jX]\Xe[hlXc`kpZlkj%Lj`e^`dgifg\i
]\\[iXk\j]ficfe^g\i`f[jf]k`d\n`ccXcjf
[\Zi\Xj\k_\c`]\jgXef]pflijXnXe[YcX[\j%
:ifjjZlkk`e^
:ifjjZlkk`e^d\XejZlkk`e^X^X`ejkk_\^iX`e%
K_`j`jf]k\e[fe\lj`e^k_\d`k\i^Xl^\Xj
jlggfik%=`^li\-,j_fnjXkpg`ZXcZifjjZlkk`e^
fg\iXk`fe%
8CN8PJ N<8I jX]\kp
^cXjj\j[li`e^fg\iXk`fej%
J\i`flj `ealip dXp fZZli
`]k_`jnXie`e^`j`^efi\[
KfdXb\XZifjjZlk#[fk_\j\jk\gj1
(% N`k_Xg\eZ`cfilk`c`kpbe`]\#dXibk_\
g`\Z\f]jkfZbn_\i\pflnXekkfZlk%
8CN8PJ N<8I X i\jg`iX$
kfi `e X[[`k`fe kf jX]\kp
^cXjj\j [li`e^ fg\iXk`fe%
K_`j dXZ_`e\ gif[lZ\j
jXn[ljk k_Xk dXp ZXlj\
Xcc\i^`Zi\XZk`fejfii\jg`$
iXkfipgifYc\dj%
)% DXb\jli\k_\jXn`jklie\[F==Xe[gcXZ\
k_\nfibg`\Z\e\okkfk_\YcX[\#jfk_Xk
pflZXe[\k\id`e\Xe[j\kk_\Zfii\Zk
YcX[\_\`^_k%
*% ?fc[k_\Yfkkfdf]k_\nfibg`\Z\]cXk
X^X`ejkk_\kXYc\Xe[_fc[k_\\[^\f]k_\
nfibg`\Z\]cXkX^X`ejkk_\d`k\i]XZ\%
FG<I8K@FEJ
+% Jc`[\k_\nfibg`\Z\]finXi[kfc`e\lgk_\
Zlkk`e^dXibn`k_pfliYcX[\%K_\YcX[\
j_flc[Y\fek_\nXjk\j`[\f]k_\dXib\[
c`e\%;FEFKlj\k_\i`g]\eZ\XjX
^l`[\%
,% 8]k\ipfl_Xm\c`e\[lgk_\dXibn`k_
k_\YcX[\#jc`[\k_\nfibg`\Z\Xe[d`k\i
^Xl^\YXZbnXi[#n_`c\jk`cc_fc[`e^k_\d
]`idcpXjjkXk\[`ejk\g*%
-% Kliek_\jXnFE%
.% 9\]fi\pflZlk#Zfej`[\ipfli`dd\[`Xk\
jX]\kp18i\pflijX]\kp^cXjj\jfe6@jk_\
nfibg`\Z\jkXYc\6@jk_\YcX[\^lXi[&jgc`k$
k\i`egcXZ\68i\k_\i\XepfYjkilZk`fej`e
]ifekf]k_\nfibg`\Z\68i\pfljkXe[`e^
kfk_\j`[\f]k_\c`e\f]Zlk6
=`^li\-,%Kpg`ZXcZifjjZlkk`e^fg\iXk`fe%
/% N_\epflXi\jli\k_Xk\m\ipk_`e^`j
jX]\#gifZ\\[kfnXi[k_\YcX[\Xe[Zlk
k_\nfibg`\Z\XkXjdffk_Xe[jk\X[p
iXk\#Xcck_\nXpk_ifl^_k_\n`[k_f]k_\
nfibg`\Z\%Kliek_\jXnF==%;FEFK
^iXYk_\Zlkf]]g`\Z\lek`ck_\YcX[\_Xj
Zfd\kfXZfdgc\k\jkfg%
$+-$
I`gg`e^
I`gg`e^d\XejZlkk`e^Xcfe^k_\^iX`ef]k_\
nff[%K_`j`j[fe\Yplj`e^k_\]\eZ\XjXjlg$
gfik[li`e^k_\Zlk%
8cnXpj i`g X YfXi[ k_Xk _Xj X g\i]\Zkcp
jkiX`^_k \[^\% @] X jkiX`^_k \[^\ ZXeefk
Y\ ]fle[# ile k_\ YfXi[ k_ifl^_ X af`ek\i
Y\]fi\Zlkk`e^n`k_k_\kXYc\jXn%8cnXpj
ile k_\ jkiX`^_k \[^\ f] k_\ YfXi[ X^X`ejk
k_\i`g]\eZ\%=X`cli\kf[fk_`jZflc[i\jlck
`eb`ZbYXZbXe[j\i`fljg\ijfeXc`ealip%
N_\ei`gg`e^XeXiifng`\Z\#dXb\jli\k_Xk
pfllj\Xglj_jk`Zbk_Xkgifm`[\jX[\hlXk\
Zc\XiXeZ\fm\ik_\dfm`e^YcX[\Xe[`jk_`e
\efl^_kfgXjjY\kn\\ek_\]\eZ\Xe[YcX[\%
=`^li\--j_fnjXeXiifni`gg`e^fg\iX$
k`fe%Efk`Z\k_\lj\f]k_\kXccglj_jk`ZbXe[
k_\fk_\i_Xe[n`k_[iXneXjk_\\e[f]k_\
nfibg`\Z\e\Xijk_\YcX[\%
EFK@:<
=fiZfdgc\k\`ejkilZk`fejfeX[aljk`e^k_\
E:AB 8AJž 8cldX$:cXjj`Z # i\]\i kf k_\
dXelXc`eZcl[\[n`k_k_\]\eZ\%
Kfi`gXYfXi[#[fk_\j\jk\gj1
(% J\kk_\]\eZ\kfk_\d\Xjli\d\ekk_Xk
pflnXekkfZlkpflinfibg`\Z\Xe[cfZb
`k`egcXZ\%
)% DXb\jli\k_Xkk_\YcX[\^lXi[`j`egcXZ\
Xe[kliek_\jXnFE%
*% GcXZ\k_\nfibg`\Z\]cXkfek_\kXYc\Xe[
]cXkX^X`ejkk_\]\eZ\%GcXZ\gi\jjli\
fek_\nfibg`\Z\kfnXi[k_\]\eZ\n`k_
\`k_\ipfli_Xe[fiXglj_jk`Zb%
=`^li\--%Lj\Xglj_jk`Zbn_\ei`gg`e^
eXiifng`\Z\j%
,% 8]k\ikXb`e^XccjX]\kpgi\ZXlk`fej#lj\X
glj_jk`Zbkfjcfncp]\\[k_\nfibg`\Z\
`ekfk_\dfm`e^YcX[\%N_\ek_\_Xe[
Xggcp`e^k_\gi\jjli\kfk_\]\eZ\^\kj
Xggifo`dXk\cp/]ifdk_\YcX[\#dfm\`k
flkf]k_\nXpXe[Zfek`el\kfglj_k_\
nfibg`\Z\k_ifl^_k_\YcX[\#lek`ck_\
\ek`i\c\e^k_`jZlkXe[gXjkk_\dfm`e^
YcX[\%
-% Kliek_\jXnF==Xe[nX`k]fik_\YcX[\
kfjkfgY\]fi\i\ki`\m`e^k_\knfg`\Z\j
]ifdk_\fk_\ij`[\%
$+.$
FG<I8K@FEJ
+% 9\]fi\pflZlk#Zfej`[\ipfli`dd\[`Xk\
jX]\kp18i\pflijX]\kp^cXjj\jfe6@jk_\
nfibg`\Z\jkXYc\6@jk_\YcX[\^lXi[&jgc`k$
k\i`egcXZ\Xe[gifg\icpXc`^e\[n`k_k_\
YcX[\68i\k_\i\XepfYjkilZk`fej`e]ifek
f]k_\nfibg`\Z\68i\pfljkXe[`e^kfk_\
j`[\f]k_\c`e\f]Zlk6@]X[aljkd\ekjXi\
e\Z\jjXip#Zfii\Zkk_\d`dd\[`Xk\cp%
:lkk`e^D`k\ij
8d`k\i`jXeXe^c\[ZifjjZlk%D`k\ijXi\ljlXccp
Zlk`ek_\jXd\dXee\iXjZifjjZlkj#lj`e^k_\
d`k\i^Xl^\Xe[Xgi\[\k\id`e\[dXibfek_\
nfibg`\Z\%
Kfg\i]fidXd`k\iZlk#[fk_\j\jk\gj1
(% ;\k\id`e\k_\Xe^c\f]pfliZlk%@]k_\
Xe^c\e\\[jkfY\jlg\iXZZliXk\#lj\X
gifkiXZkfikfj\kk_\d`k\i^Xl^\kfk_\
YcX[\%
=`^li\-.%DXib`e^d`k\ic`e\%
*% Efn#glcck_\d`k\i^Xl^\flkf]k_\jcfk#
gcXZ\k_\]XZ\f]k_\d`k\i^Xl^\X^X`ejk
k_\\[^\f]k_\nfibg`\Z\%Gfj`k`fek_\
d`k\i^Xl^\jfk_\YXi^f\jXZifjjk_\]XZ\
f]k_\nfibg`\Z\%Lj\k_\YXiXjX^l`[\kf
g\eZ`c`epfliZlkXjj_fne`e=`^li\-.%
FG<I8K@FEJ
+% GcXZ\k_\d`k\i^Xl^\YXZb`ekfk_\jcfk
Xe[_fc[k_\nfibg`\Z\]`idX^X`ejkk_\
d`k\i^Xl^\Yf[p%N`k_k_\jXnF==#jc`[\
k_\nfibg`\Z\Xe[d`k\i^Xl^\lgkfk_\
YcX[\%8[aljkk_\nfibg`\Z\jfk_\YcX[\
n`cckiXm\cXcfe^pflic`e\#Ylkk_ifl^_k_\
nXjk\gfik`fef]k_\jkfZb%
,% GifZ\\[kfdXb\k_\Zlk`ek_\jXd\dXe$
e\iXj[\jZi`Y\[`ek_\È:ifjjZlkk`e^É
`ejkilZk`fej%
=`^li\-/%9cX[\k`ck\[kf+,ñ^lXi[i\dfm\[
]fiZcXi`kp %
9cX[\K`ck&9\m\c:lkj
N_\ek_\gfj`k`m\jkfgjXi\gifg\icpX[aljk\[#
k_\YcX[\k`ck_Xe[n_\\cXccfnjk_\fg\iXkfikf
k`ckk_\YcX[\kfk_\i`^_k#Xepn_\i\Y\kn\\e
'ñXe[+,ñ%K_`j`jlj\[dfjkf]k\en_\eZlk$
k`e^Y\m\cj#Zfdgfle[d`k\ijfiZ_Xd]\ij%
=`^li\-/j_fnjXe\oXdgc\f]k_\YcX[\n_\e
k`ck\[kf+,ñ%
$+/$
N_\elj`e^k_\k`ck`e^]\Xkli\b\\gk_\j\k`gj
`ed`e[1
›
E\m\ik`ckk_\YcX[\n_`c\ilee`e^k_\jXn%
›
Jcfnpfli]\\[iXk\[fne%8e^c\[Zlkj
i\hl`i\dfi\YcX[\\ogfjli\#k_ljgif[lZ$
`e^^i\Xk\i]i`Zk`feXe[_\Xk%
›
DXb\jli\k_\YcX[\`jefkkflZ_`e^k_\
\[^\jf]k_\d\kXckXYc\`ej\ik%
›
;FEFKi\dfm\k_\YcX[\^lXi[&jgc`kk\i%
@k`j[\j`^e\[kfk`ckn`k_k_\YcX[\%
›
=fccfnk_\È:ifjjZlkk`e^ÉXe[ÈI`gg`e^É
`ejkilZk`fejn_\eg\i]fid`e^\`k_\if]
k_fj\knfkpg\jf]Zlkjn`k_k_\YcX[\
k`ck\[%
=`^li\-0%;X[fZifjjZlk%
I\dfmXcf]k_\YcX[\^lXi[&jgc`kk\i^i\Xkcp
`eZi\Xj\j k_\ i`jb f] b`ZbYXZb% Kf gi\m\ek
`ealip#lj\\okiXgi\ZXlk`fejn_`c\dXb`e^
Xepkpg\f]Zlkjn`k_k_\YcX[\^lXi[&jgc`k$
k\ii\dfm\[#Xe[`dd\[`Xk\cpi\`ejkXcck_\
YcX[\ ^lXi[&jgc`kk\i X]k\i k_fj\ Zlkj _Xm\
Y\\e dX[\% =X`cli\ kf ]fccfn k_`j nXie`e^
dXpi\jlck`ej\i`fljg\ijfeXc`ealip%
;X[f:lkj
;X[fZlkjZXeY\g\i]fid\[fek_\kXYc\jXn
n`k_X[X[fYcX[\fiXj`e^c\ZifjjZlkk`e^YcX[\
n`k_dlck`gc\gXjj\j%K_\pZXeXcjfY\Zlk
Yfk_n`k_fiX^X`ejkk_\^iX`e#Xe[k_\pXi\
g\i]fid\[n`k_k_\jXd\YXj`ZZfeZ\gkjXj`e
ZifjjZlkk`e^Xe[i`gg`e^%=`^li\-0j_fnjX
[X[fZifjjZlk
Nff[JkfZb
;X[f9cX[\
IXYY\k:lkj
IXYY\kZlkjXi\j`d`cXikf[X[fZlkjYlkXi\
ZlkXcfe^k_\\[^\jkfdXb\XeCj_Xg\#iXk_\i
k_XeXÈLÉj_Xg\%=`^li\.'j_fnjX[`X^iXd
f]Xkpg`ZXciXYY\kZlk%
=`^li\.'%IXYY\kZlk%
N\[fefki\Zfdd\e[lj`e^dfc[`e^_\X[j
n`k_k_`jkXYc\jXnlec\jjpflXi\gifg\icp
kiX`e\[ Yp X hlXc`]`\[ `ejkilZkfi% Dfc[`e^
_\X[j ZXiip Xe `e_\i\ek [Xe^\i k_Xk ZXe
i\jlck `e X b`ZbYXZb fi fk_\i [Xe^\iflj
j`klXk`fek_XkdXpZXlj\g\ijfeXc`ealip
8^X`e#n`k_Xccefe$k_ifl^_Zlkj#pflDLJK
i\dfm\k_\YcX[\^lXi[&jgc`kk\i`efi[\ikf
Zfdgc\k\k_\Zlk%DXb\jli\kfi\$`ejkXcck_\
YcX[\^lXi[&jgc`kk\iX]k\i]`e`j_`e^pfliZlkj%
$+0$
FG<I8K@FEJ
=\eZ\
8jn`k_Xccefe$k_ifl^_Zlkj#pflDLJKi\dfm\
k_\YcX[\^lXi[&jgc`kk\i`efi[\ikfZfdgc\k\
k_\Zlk%I\dfmXcf]k_\YcX[\^lXi[&jgc`kk\i
^i\Xkcp`eZi\Xj\jk_\i`jbf]b`ZbYXZb#jfkXb\
\okiXgi\ZXlk`fe]fipflig\ijfeXcjX]\kp%Lj\
]\Xk_\iYfXi[jfifk_\iXek`$b`ZbYXZb[\m`Z\j#
Xe[`dd\[`Xk\cpi\$`ejkXcck_\YcX[\^lXi[&
jgc`kk\iX]k\i]`e`j_`e^pfliZlkj%
8]k\idXib\kJX]\kp
8ZZ\jjfi`\j
9\j`[\jdXb`e^pflikXYc\jXn\og\i`\eZ\dfi\
\eafpXYc\#X]k\idXib\kfij_fg$dX[\jX]\kp
XZZ\jjfi`\jZXe^i\Xkcp`eZi\Xj\pflig\ijfeXc
jX]\kp#Xe[XccfnpflkfdXb\[`]]`ZlckZlkj
n`k_pflikXYc\jXnk_Xkpflnflc[efkfk_\i$
n`j\Y\XYc\kfdXb\%
FG<I8K@FEJ
?\i\Xi\jfd\YXj`ZX]k\idXib\k`k\djpfl
d`^_knXekkfZfej`[\i1
›
8Ifcc\iKXYc\j_fne`e=`^li\.( fi
Ifcc\iJkXe[`j[\j`^e\[kfZXkZ_cfe^
YfXi[j[li`e^Xe[X]k\iXZlk%K_\j\XZZ\j$
jfi`\jc\kk_\YfXi[\Xj`cp^c`[\f]]k_\jXn
kXYc\n`k_flkZXlj`e^X_\`^_k[`]]\i\eZ\%
8kk_\m\ipc\Xjk#XnfibkXYc\j_flc[Y\
lj\[]fik_`jjXd\gligfj\%@]Xcfe^g`\Z\
f]jkfZbk\\k\ijfm\ik_\\[^\f]k_\kXYc\
[li`e^XZlk#Xb`ZbYXZbdXpfZZli%
›
8ek`$B`ZbYXZb;\m`Z\jc`b\k_\
9fXi[Yl[[`\jžj_fne`e=`^li\.)fecp
Xccfnk_\nfibg`\Z\kfdfm\`efe\[`i\Z$
k`fe%@]Xb`ZbYXZb[f\jfZZli#k_\n_\\cj
cfZb`egcXZ\kfjkfgfijcfnk_\dfm\d\ek
f]k_\nfibg`\Z\%
›
?fc[$;fneA`^jj`d`cXikfk_\I`^_k8e^c\
A`^žj_fne`e=`^li\.*Xccfnk_\lj\ikf
jkXY`c`q\XZlkY\pfe[fi[`eXipd\Xej%K_`j
`jZilZ`Xc]fi[`]]`ZlckZlkj%Fk_\iZlkj#c`b\
m\ik`ZXc[X[f\j#nflc[XcjfY\\oki\d\cp
[`]]`ZlckXe[[Xe^\ifljn`k_flkk_\lj\f]
j`d`cXi[\m`Z\j%
›
Glj_Jk`ZbjXe[Glj_GX[[c\j_\cgb\\g
pfli_Xe[XnXp]ifdk_\dfm`e^YcX[\%
K_\pXcjfXZkXjXYXii`\iY\kn\\epfli
_Xe[Xe[k_\nfibg`\Z\`ek_\\m\ekf]X
b`ZbYXZb%K_\j\[\m`Z\jZfd\`edXep[`]$
]\i\ekj`q\jXe[j_Xg\j%G`Zbk_fj\k_Xk
f]]\ijX]\kpXe[jkXY`c`kpn`k_flkjXZi`]`Z$
`e^Zfd]fikXe[^i`g%
=`^li\.(%Flk$]\\[ifcc\ikXYc\%
=`^li\.)%8ek`$b`ZbYXZb[\m`Z\j%
=`^li\.*%?fc[$[fnea`^%
$,'$
J_fg$DX[\JX]\kp
8ZZ\jjfi`\j
J_fg$dX[\jX]\kpXZZ\jjfi`\jXi\Xefk_\i
jfliZ\f][\m`Z\jkflj\kf`eZi\Xj\pflijX]\kp
n_`c\fg\iXk`e^k_\kXYc\jXn%N_\eZXi\`j
kXb\en`k_k_\j\klgXe[[\j`^e#j_fg$dX[\
kffcjZXeY\Xe`emXclXYc\i\jfliZ\]fidXb`e^
k_\jX]\jkZlkjgfjj`Yc\%
?\i\Xi\jfd\f]k_\YXj`Z`k\djpfldXp
nXekkfZfej`[\i1
Glj_Jk`ZbjdX[\]ifdk_\j_fgXi\m\ip
gfglcXiXdfe^kXYc\jXnfne\ijY\ZXlj\
k_\pXi\`e\og\ej`m\Xe[\XjpkfdXb\%
GXik`ZlcXicp^ff[Xi\k_fj\k_Xkb\\gpfli
_Xe[XjX]\[`jkXeZ\XnXp]ifdk_\YcX[\#
f]]\ijkXYc\jlggfikXe[^i`g#Xe[Xi\Zfd$
]fikXYc\`ek_\_Xe[%=`^li\.+j_fnjXe
`ccljkiXk`fef]Xj`dgc\glj_jk`Zb%
›
=\Xk_\iYfXi[jj`d`cXikfk_\fe\`e=`^li\
.,dXb\^ff[Xek`$b`ZbYXZb[\m`Z\j%Kf
lj\k_\j\#k_\pdljkY\ZcXdg\[kfk_\
kXYc\fi]\eZ\%K_\Xe^c\[\e[jXe[]c\o$
`Y`c`kpf]k_\]`e^\ijXccfnk_\nfibg`\Z\
kfdfm\`efe\[`i\Zk`feXe[cfZblg`]k_\
nfibg`\Z\dfm\jYXZbnXi[j%
›
Q\if$:c\XiXeZ\KXYc\@ej\ikjZXeY\gli$
Z_Xj\[fidX[\]ifdnff[Xe[jlYjk`klk\[
]fik_\]XZkfip`ej\ikj%K_\X[mXekX^\`e
k_\j\[\m`Z\j`jk_Xkk_\i\n`ccfecpY\Xj
dlZ_jgXZ\Y\kn\\ek_\YcX[\Xe[k_\
`ej\ikXjk_\YcX[\i\hl`i\j%DXepnff[$
nfib\ij_Xm\X[`]]\i\ek`ej\ik]fi[`]]\i$
\ek_\`^_kjXe[YcX[\j%Q\if$Zc\XiXeZ\
kXYc\`ej\ikji\jlck`eZc\XeZlkjn`k_c\jj
k\Xi$flkXe[Xi\[lZ\[Z_XeZ\k_XkXjdXcc
g`\Z\f]jkfZbn`ccY\glcc\[[fne`ej`[\
k_\jXnfin`ccY\b`Zb\[YXZb%=`^li\.-
j_fnjXe\oXdgc\f]XÈYcXebÉq\if$Zc\Xi$
XeZ\`ej\ik%N_\edXb`e^Xq\if$Zc\XiXeZ\
kXYc\`ej\ik#e\m\i_fc[k_\`ej\ik`egcXZ\
n`k_pfli_Xe[jfikipkfcfn\ik_\`ej\ik
fekfXdfm`e^YcX[\%?fc[fiZcXdgk_\
`ej\ikkfk_\kXYc\n`k_XjXZi`]`Z`XcYfXi[#
Xe[lj\XjdXcc\i[`Xd\k\iYcX[\kfgcle^\
k_\`e`k`XcZlkk_ifl^_k_\`ej\ik%
=`^li\.+%@ccljkiXk`fef]Xj`dgc\glj_jk`Zb%
=`^li\.,%8ek`$b`ZbYXZb]\Xk_\iYfXi[%
=`^li\.-%Q\if$Zc\XiXeZ\kXYc\`ej\ik%
$,($
FG<I8K@FEJ
›
D8@EK<E8E:<
KXYc\9Xj\
D8B< JLI< k_Xk pfli
dXZ_`e\ `j legcl^^\[
[li`e^ Xcc dX`ek\eXeZ\
gifZ\[li\j @] k_`j
nXie`e^`j`^efi\[#j\i`$
fljg\ijfeXc`ealipdXp
fZZli%
KXYc\jZXeY\b\gkiljk$]i\\n`k_i\^lcXiXggc`$
ZXk`fejf]gif[lZkjc`b\JC@G@Kž%=ficfe^k\id
jkfiX^\pfldXpnXekkfZfej`[\igif[lZkjc`b\
9f\j_`\c[K$0 %
ClYi`ZXk`fe
>\e\iXc
J`eZ\XccY\Xi`e^jXi\j\Xc\[Xe[g\idXe\ekcp
clYi`ZXk\[#j`dgcpc\Xm\k_\dXcfe\lek`ck_\p
e\\[kfY\i\gcXZ\[%;fefkclYi`ZXk\k_\d%
I\^lcXig\i`f[`ZdX`ek\eXeZ\fepfli E:AB
8AJžDf[\cN(.'*&N(.(+KXYc\JXnn`cc
K_\Df[\cN(.'*&N(.(+[f\je\\[clYi`ZXk`fe
`efk_\igcXZ\j%ClYi`ZXk\k_\]fccfn`e^Xi\Xj
\m\ipj`okfkn\cm\dfek_jXZZfi[`e^kf]i\$
hl\eZpf]lj\1
\ejli\`kjfgk`dldg\i]fidXeZ\%DXb\X_XY`k
f]`ejg\Zk`e^pflikXYc\jXn\XZ_k`d\pfllj\
`k%
:_\Zb]fik_\]fccfn`e^Zfe[`k`fejXe[i\gX`i
fii\gcXZ\n_\ee\Z\jjXip1
›
›
›
›
›
Cffj\dflek`e^Yfckj%
Nfiejn`kZ_%
Nfiefi[XdX^\[Zfi[jXe[gcl^j%
;XdX^\[M$Y\ck%
8epfk_\iZfe[`k`fek_XkZflc[_Xdg\ik_\
jX]\fg\iXk`fef]k_`jdXZ_`e\%
D8@EK<E8E:<
:c\Xe`e^
=i\hl\ekcpYcfn$f]]jXn[ljkn`k_Zfdgi\jj\[
X`i%K_`j`j\jg\Z`Xccp`dgfikXek]fik_\`ek\ieXc
nfib`e^gXikjXe[dfkfi%;ljkYl`c[$lgXifle[
k_\dfkfi`jXjli\nXpkf[\Zi\Xj\`kjc`]\
jgXe%
FZZXj`feXccp`kn`ccY\Zfd\e\Z\jjXipkfZc\Xe
k_\`ek\ieXcgXikjn`k_dfi\k_XeZfdgi\jj\[
X`i%Kf[fk_`j#i\dfm\k_\kXYc\kfgXe[Zc\Xe
k_\`ek\ieXcgXikjn`k_XZ`kiljZc\Xe\ifid`e$
\iXcjg`i`kjXe[Xjk`]]n`i\Yilj_fijk\\cnffc%
;FEFKLJ<N8K<IÇN8K<IN@CCILJK:8JK
@IFE%DXb\jli\k_\`ek\ieXcnfib`e^jXi\[ip
Y\]fi\lj`e^k_\jXnX^X`e#jfk_Xknff[[ljk
n`ccefkXZZldlcXk\%@]Xep\jj\ek`XcclYi`ZXk`fe
`ji\dfm\[[li`e^Zc\Xe`e^#i\clYi`ZXk\k_fj\
Xi\Xj%
$,)$
›
9cX[\Xe^c`e^kilee`fej%K_\j\j_flc[
Y\clYi`ZXk\[n`k_-fi.[ifgjf]c`^_k
dXZ_`e\f`c%
›
9cX[\_\`^_kkilee`fe%K_`jj_flc[Xcjf
Y\clYi`ZXk\[n`k_-fi.[ifgjf]c`^_k
dXZ_`e\f`c%
›
K_\knfnfid^\Xijj_flc[Y\clYi`ZXk\[
n`k_\`k_\i^iXg_`k\fin_`k\c`k_`ld
^i\Xj\%
J\im`Z\Cf^
'DWH
0DLQWHQDQFH3HUIRUPHG
$SSUR[LPDWH+RXUV2I8VH
D8@EK<E8E:<
$,*$
GFN<IJFLI:<
A&$&
A'$(
A($*
,
FE
>I<<E
>IFLE;
F==
L&)
I'$)
M&+
I($+
N&-
8DG
(/
)-
))
I<J<K
I&$'
D8@EK<E8E:<
DFKFI
$,+$
N(.(+N@I@E>;@8>I8D
GFN<IJFLI:<
A&$&
A'$(
A($*
,
FE
>I<<E
>IFLE;
F==
L&)
I'$)
M&+
I($+
N&-
8DG
(,
()
I<J<K
I&$'
(/
DFKFI
$,,$
D8@EK<E8E:<
((/
$,-$
(,(
(,)
+
((0
()
((-
*
('
(-)
.
0
(+. (+/ (,' (+0
(,,
+0
(,0
(,*
((
(,.
(,/
(-'
(+*
(,+
(,
-.
(--
(--
(*(
(,- (*(*0
(+)
(--
(+(
(*.
(--
(+.
(**
(,(*+
(*,
(,(*)
G8IK
(.'
(+
/
,(
+/
()+
(-(
(*/
I<=
/2
N(.(+
(.*))'M
(.*8(('M
((,
()*
()(
()(),
(-+
().
(++
;<J:I@GK@FE
N(.'* ((.(('M
((.8))'M
)
(,*
()'
())
()/
(*'
(-,
()0
(
(++
(+,
(+-
G8IK
(,+
G8IKJ
I<=
;<J:I@GK@FE
(0
((.
(/
)0
))
(-0
(,
*(
)*
(-0
)(
(.(
*'
*)
),
)+
(-0
))
)/
).
(.)
)-
G8IKJ
$,.$
$,/$
G8IKJ
(()
('.
**
((+
(((
((*
*- *,
0,
0+
(('
(-*
(''
00
('(
('+
('*
('-
*.
0-
(')
+(
0.
0*
((*
((+
./
(()
0'
('/
('0
('*
(((
+(
*0
(-/
/(
/)
0(
(', ('0
+(
0/ 0)
*/
/*
/0
//
..
/.
.0
/,
.-
/-
+-
/+
+'
.,
/'
+,$(
-)
-(
,0
++
,)
.+ .*
+( -+
+(
-'
.)
..
.'
-*
+,
.(
+*
+)
,.
,/
,0
,)$(
,)$)
*+
--
-.
-/
-0
,-
(-.
,*
,,
+.
,)$,
,)$+
,)$*
,+
I<=
G8IK
(
)
*
+
-
.
/
0
('
((
()
(*
(,
(-
(.
(/
(0
)(
))
)*
)+
),
)-
).
)/
)0
*'
*(
*)
**
*+
*,
*-
*.
*/
*0
+'
+(
+)
+*
++
+,
+,$(
+-
+.
+.
O(.'*''(
O(.'*'')
OGE(+
O(.'*''+
O(.'*''-
O(.'*''.
O(.'*''/
O(.'*''0
OGE'-
OGN'(
OGN'-
OG9',
OGE'.
OGJ))
O(.'*'(.
O(.'*'(/
N('',
OG9'*
OGE')
OG:9'(
OGN'-
OGE',
OGJ(0
O(.'*').
O(.'*')/
O(.'*')0
O(.'*'*'
O(.'*'*(
O(.'*'*)
OG8N'*D
OG9',
OG8N'+D
OG8N')D
O(.'*'*.
O(.'*'*/
OGE'/
O(.'*'+'
OGE'0
O(.'*'+)
O(.'*'+*
O(.'*'++
OG<:'.D
O(.'*'+,$(
OG:9'0
O(.'*'+.
O(.(+'+.
;<J:I@GK@FE
I<=
9C8;<>L8I;C89<C
<C<:KI@:C89<C
?<OELK/$*)
K8GJ:I<N('O((Ð)
J?FG=FOCF>F
D8:?@E<C89<C
N8IE@E>C89<C$LEGCL>
I<8;D8EL8CC89<C
?<OELK(Ð)$()
=C8KN8J?<I(Ð)
=C8KN8J?<I(Ð+
?<O9FCK(Ð+$)'O *Ð+
?<OELK('$)+
G?CG?;J:I('$)+O,Ð/
><8IN8J?<I
K89
;LJK?FF;
?<O9FCK,Ð(-$(/O(
?<OELK,Ð(-$(/
:8II@8><9FCK,Ð(-$(/O ,Ð/
=C8KN8J?<I(Ð+
?<OELK(Ð+$)'
G?CG?;J:I(Ð+$)'O(
IL99<I=<<K
9FKKFDCFE>9I8:B<K
KFGCFE>9I8:B<K
9FKKFDJ?FIK9I8:B<K
KFGJ?FIK9I8:B<K
=FFKJK8E;
8CC<ENI<E:?*DD
?<O9FCK(Ð+$)'O *Ð+
8CC<ENI<E:?+DD
8CC<ENI<E:?)DD
FG<E<E;NI<E:?()DD
:FD9@E8K@FENI<E:?)*DD
?<OELK*Ð/$(K@<IF;
?<OELK,Ð/$(/
=@9<IN8J?<I,Ð(-
>L8I;:FM<I
>L8I;GC8K<
<$:[email protected]
JG8:<I
:8II@8><9FCK,Ð(-$(/O(*Ð+
+/
+0
+0
,'
,(
,)
,)
,)$(
,)$)
,)$*
,)$+
,)$,
,*
,+
,,
,-
,.
,/
,0
-'
-(
-)
-*
-+
--
-.
-/
-0
.'
.(
.)
.*
.+
.,
.-
..
./
.0
/'
/(
/)
/*
/+
/,
/-
/.
DFKFI:FI;&GCL>J<K(+8N>
()8N>DFKFI:FI;&GCL> J<K
G8IK
O(.'*'+/
OGNI:I;(('C
OGNI:I;))'C
O(.'*','
O(.'*',(
O(.(+',)
O(.'*',)
O(.'*',)$(
O(.'*',)$)
O(.'*',)$*
O(.'*',)$+
OG:+''8
OGB)*D
O(.'*',+
OGJJ((
O(.'*',-
OGE')
OGCN'(
OGN'.
OG9'*
O(.'*'-(
O(.'*'-)
OGJJ',
O(.'*'-+
OG9'*
OGCN'(
OGN'.
O(.'*'-0
O(.'*'.'
OGJJ',
O(.'*'.)
O(.'*'.*
OGI)*D
O(.'*'.,
OGB)*D
OG-)'*
O(.'*'./
OGIG+0D
O(.'*'/'
O(.'*'/(
O(.'*'/)
O(.'*'/*
O(.'*'/+
O(.'*'/,
O(.'*'/-
O(.'*'/.
;<J:I@GK@FE
EPCFE:C8DGG>$(GFN<I:FI;(('M#C&GCL>
GFN<I:FI;))'M#()8N>
JN@K:?:FI;
:89C<:C8DGL:$,
DFKFI)?GN(.(+
DFKFI(%,?GN(.'*
=8E:FM<I
:8G8:@KFI:FM<I
DFKFI=8E
N@I@E>9FO
:8G8:@KFI+''D=;#(),M8:
B<P,O,O),
M$9<CK*MO$+.'
J<KJ:I<N(Ð+$)'O (Ð+
DFKFIGLCC<P
?<OELK,Ð(-$(/
CF:BN8J?<I,Ð(-
=C8KN8J?<I,Ð(-
?<O9FCK,Ð(-$(/O(
DFKFIGC8K<
DFKFIGC8K<IF;
J<KJ:I<N,Ð(-$(/O (Ð+
DFKFI9I8:B<K
?<O9FCK,Ð(-$(/O(
CF:BN8J?<I,Ð(-
=C8KN8J?<I,Ð(-
I<8IKILEE@FE9I8:B<K
I<8IKILEE@FE
J<KJ:I<N,Ð(-$(/O (Ð+
8I9FIGLCC<P
A8DELK,Ð/$)+
@EKI<K8@E@E>I@E>+'DD
CF8;@E>JGI@E>
B<P,O,O),
98CC9<8I@E>-)'*QQ
8I9FI
IFCCG@E,O),
8I9FI9I8:B<K
9C8;<EFK@E:CL;<;
=C8E><
8I9FIELK
8I9FI9I8:B<KJ?8=K
JG8:<I
=@9<IN8J?<I
IFCCG@E*%,O)'
G8IKJ
$,0$
G8IK
//
/0
0'
0(
0)
0*
0+
0,
0-
0.
0/
00
(''
('(
(')
('*
('+
(',
('-
('.
('/
('0
(('
(((
(()
((*
((+
((,
((-
((.
((.8
((/
((0
()'
()(
())
()*
()+
(),
()-
().
()/
()0
(*'
(*(
O(.'*'//
O(.'*'/0
O(.'*'0'
OG9*)
OGIG+0D
O(.'*'0*
OGE',
OGJJ(-
OGN'-
OG9',
O(.'*'0/
OGCN'(
OGN'.
OG9()
O(.'*(')
O(.'*('*
O(.'*('+
O(.'*(',
O(.'*('-
O(.'*('.
OGJJ((
O(.'*('0
OGJJ((
OGN')
O(.'*(()
O(.'*((*
OGJN'*$(
OGE'.
O(.'*((-
O(.'*((.
O(.'*((.8
OGJ('
O(.'*((0
OGJJ((
OGIG-(D
O(.'*())
O(.'*()*
OGJJ*(
O(.'*(),
O(.'*()-
OGJ)(
OGE(+
O(.'*()0
OGN'.
O(.'*(*(
;<J:I@GK@FE
<C<M8K@E>J?8=K
<::<EKI@:
N8M<N8J?<I
?<O9FCK,Ð(-$(/O ,Ð/
IFCCG@E,O),
=IFEKKILEE@FE
?<OELK(Ð+$)'
J<KJ:I<N(Ð+$)'O((Ð)
=C8KN8J?<I(Ð+
?<O9FCK(Ð+$)'O *Ð+
JKFG9CF:B
CF:BN8J?<I,Ð(-
=C8KN8J?<I,Ð(-
?<O9FCK,Ð(-$(/O((Ð+
=IFEK9I8:B<K
=@9<IN8J?<I
IFCCG@E*%,O)'
?<OELK0Ð(-$)'
<::<EKI@:
K@CKJ?8=K
J<KJ:I<N(Ð+$)'O (Ð+
J<K:FCC8I
J<KJ:I<N(Ð+$)'O (Ð+
=C8KN8J?<I*Ð/
?8E;N?<<C?8E;C<
?8E;N?<<C
BEF9
?<OELK('$)+
JN@K:?=@O@E>GC8K<
D8>E<K@:JN@K:?8JJP(('M
D8>E<K@:JN@K:?8JJP))'M
G?CG?;J:I('$)+O((Ð)
JK8IK&JKFGJN@K:?8JJP
J<KJ:I<N(Ð+$)'O (Ð+
IFCCG@E*O()
GF@EK<I
JKFGC@EB
J<KJ:I<N('$)+O,Ð/
D@K<I98I
JC@;@E>9CF:B
G?CG?;J:I/$*)O*Ð+
?<OELK/$*)
?8E;BEF9
=C8KN8J?<I,Ð(-
>L8I;JLGGFIKJ?8=K
G8IKJ
I<=
$-'$
I<=
G8IK
(*)
(**
(*+8
(*+
(*,
(*-
(*.
(*/
(*0
(+(
(+)
(+*
(++
(+,
(+-
(+-8
(+.
(+/
(+0
(,'
(,(
(,)
(,*
(,+
(,,
(,-
(,.
(,/
(,0
(-'
(-(
(-)
(-*
(-+
(-,
(-,8
(--
(-.
(-/
(-0
(.'
(.(
(.)
(.*
(.*8
OGCN'(
OG9'*
O(.'*(*+8
O(.'*(*+
O(.'*(*,
O(.'*(*-
O(.'*(*.
O(.'*(*/
O(.'*(*0
O(.'*(+(
O(.'*(+)
O(.'*(+*
O(.'*(++
O(.'*(+,
O(.'*(+-
O(.'*(+-8
OGE')
OGN'.
OG=?(+
O(.'*(,'
OG90'
OGCN',
O(.'*(,*
O(.(+(,+
O(.'*(,,
OGN'.
O(.'*(,.
O(.'*(,/
OGJJ'+
O(.'*(-'
O(.'*(-(
O(.'*(-)
O(.'*(-*
OG=?'0
O(.'*(-,
O(.'*(-,8
OG9*)
OGNE'*
O(.'*(-/
OGN'.
O(.'*(.'
O(.'*(.(
O(.'*(.)
O(.(+(.*
O(.(+(.*8
;<J:I@GK@FE
CF:BN8J?<I,Ð(-
?<O9FCK,Ð(-$(/O(
9C;>L8I;9I8:B<K8JJP
9I8:B<K
9I8:B<K
IFCCG@E/O)'
8E@K$B@:B98:BJGI@E>
8EK@$B@:B98:B
DFLEK
JGC@KK<I
G@E-O*'
JLGGFIK@E>8ID
JG<<;ELK(Ð+
G@E-O+/
9C8;<>L8I;
9C8;<>L8I;8JJ<D9CP
?<OELK,Ð(-$(/
=C8KN8J?<I,Ð(-
=C8K?;J:I,Ð(-$(/O *Ð+
9<8I@E>9I8:B<K
?<O9FCK.Ð(-$(+O((Ð+
CF:BN8J?<I.Ð(-
<OKN@E>$J?<<KD<K8C
<OKN@E>$:8JK@IFE
J:8C<
=C8KN8J?<I,Ð(-
:89@E<K
K89C<
J<KJ:I<N(Ð+$)'O ,Ð(-
9LDG<I
;8;FK89C<@EJ<IK
K89C<@EJ<IK
GF@EK<I
=C8K?;J:I(Ð+$)'O ,Ð(-
D@K<I>8L><9F;P
D@K<I>8L><8JJ<D9CP
?<O9FCK,Ð(-$(/O ,Ð/
N@E>ELK,Ð(-$(/
K?I;J?8=K*Ð/$(-O).Ð/
=C8KN8J?<I,Ð(-
N8IEC89<C$J8=<KP>C8JJ<J
JK8E;JKI@G<JK@:B<IJ
JK8E;JKI@G<JK@:B<IJ
D8>E<K@:JN@K:?8JJP))'M
D8>E<K@:JN@K:?8JJP(('M
N8II8EKP:8I;
EXd\VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
Jki\\kVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
:`kpVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVJkXk\VVVVVVVVQ`gVVVVVVVVVVVVVV
G_fe\EldY\iVVVVVVVVVVVVVVVVVVVVVVV<$DX`cVVVVVVVVVVVVVVVVVVVVVVV=8OVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
DF;<CJ\i`Xc
:LK8CFE>;FKK<;C@E<
K_\]fccfn`e^`e]fidXk`fe`j^`m\efeXmfclekXipYXj`jXe[`jjki`ZkcpZfe]`[\ek`Xc%
(%
N_\i\[`[pflgliZ_Xj\pfliE:AB8AJ™dXZ_`e\6
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
0%
('%
?fndXepE:AB8AJ™dXZ_`e\j[fpflfne6VVVVVVVVVVVVVVVVVVV
N_XkjkXk`feXipnff[nfib`e^kffcj[fpflfne6:_\ZbXcck_XkXggcp%
)%
?fn[`[pfl]`ijkc\XieXYflklj6
VVV8[m\ik`j\d\ek
VVVDX`cfi[\i:XkXcf^
VVVNfic[N`[\N\YJ`k\
*%
N_`Z_f]k_\]fccfn`e^dX^Xq`e\j[fpfljlYjZi`Y\kf%
VVV8`i:fdgi\jjfi
VVVGXe\cJXn
VVV9Xe[JXn VVVGcXe\i
VVV;i`ccGi\jj VVVGfn\i=\\[\i
VVV;ildJXe[\i
VVVIX[`Xc8idJXn
VVV;ljk:fcc\Zkfi
VVVJ_Xg\i
VVV?fi`qfekXc9fi`e^DXZ_`e\
VVVJg`e[c\JXe[\i
VVVAf`ek\i
VVVKXYc\JXn
VVVCXk_\
VVVMXZlldM\e\\iGi\jj
VVVDfik`j\i
VVVN`[\9\ckJXe[\i
VVVFk_\iVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVV8d\i`ZXeNff[nfib\i VVVKf[XpËj?fd\fne\i
VVV:XY`e\kdXb\i
VVVNFF;
VVV=Xd`cp?Xe[pdXe
VVVNff[\e9fXk
VVV=`e\?fd\Yl`c[`e^
VVVNff[j_fgE\nj
VVV=`e\Nff[nfib`e^
VVVNff[jd`k_
VVV?fd\?Xe[pdXe
VVVNff[nfib
VVVAflieXcf]C`^_k:fejkilZk`fe
VVVNff[nfib\i
VVVFc[?flj\AflieXc
VVVNff[nfib\iËjAflieXc
VVVGfglcXiD\Z_Xe`Zj
VVVNfibY\eZ_
VVVGfglcXiJZ`\eZ\
VVV8d\i`ZXe?fn$Kf
VVVGfglcXiNff[nfib`e^ VVVFk_\iVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
((%
N_`Z_Y\eZ_kfgkffcj[fpflfne6:_\ZbXcck_XkXggcp%
VVV(o+)9\ckJXe[\i VVV-$/>i`e[\i
VVV,$/;i`ccGi\jj
VVVD`e`CXk_\
VVV/KXYc\JXn
VVV('$()K_`Zbe\jjGcXe\i
VVV/$('9Xe[jXn
VVVJZifccJXn
VVV;`jZ&9\ckJXe[\i
VVVJg`e[c\&9\ckJXe[\i
VVVD`e`Af`ek\i
VVVFk_\iVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
()%
N_`Z_ gfikXYc\&_Xe[ _\c[ gfn\i kffcj [f pfl fne6 :_\Zb Xcc k_Xk
Xggcp%
+%
N_`Z_f]k_\]fccfn`e^nff[nfib`e^&i\df[\c`e^j_fnj[fpflnXkZ_6
VVV9XZbpXi[8d\i`ZX
VVVK_\E\nPXeb\\Nfibj_fg
VVV?fd\K`d\
VVVK_`jFc[?flj\
VVVK_\8d\i`ZXeNff[nfib\i
VVVNff[ni`^_kËjJ_fg
VVVFk_\iVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVV9\ckJXe[\i
VVVFiY`kXcJXe[\i
VVV9`jZl`kAf`e\i
VVVGXcdJXe[\i
VVV:`iZlcXiJXn
VVVGfikXYc\GcXe\i
VVV;\kX`cJXe[\i
VVVJXY\iJXn
VVV;i`cc&;i`m\i
VVVI\Z`gifZXk`e^JXn
VVVD`k\iJXn VVVIflk\i
VVVFk_\iVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
,%
N_Xk`jpfliXeelXc_flj\_fc[`eZfd\6
VVV)'#'''$)0#000
VVV*'#'''$*0#000
VVV+'#'''$+0#000
VVV,'#'''$,0#000
(*%
N_XkdXZ_`e\j&jlggc`\jnflc[pflc`b\kfj\\6
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
-%
N_Xk`jpfliX^\^iflg6
(+%
N_Xke\nXZZ\jjfi`\jnflc[pflc`b\Nff[jkfZb@ek\ieXk`feXckfZXiip6
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVV)'$)0
VVV*'$*0
VVV+'$+0
(,%
;fpflk_`ebpfligliZ_Xj\i\gi\j\ekj^ff[mXcl\6
VVVP\j
.%
?fncfe^_Xm\pflY\\eXnff[nfib\i6
(-%
Nflc[pfli\Zfdd\e[E:AB8AJ™gif[lZkjkfX]i`\e[6
VVV'$)P\Xij VVV)$/P\Xij VVVP\j
/%
?fnnflc[pfliXebpflinff[nfib`e^jb`ccj6
VVVJ`dgc\
VVV@ek\id\[`Xk\
(.%
:fdd\ekj1VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVV=i`\e[
VVVCfZXcJkfi\
VVVFk_\iVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
VVV-'#'''$-0#000
VVV.'#'''$.0#000
VVV/'#'''$/0#000
VVV0'#'''"
VVV,'$,0
VVV-'$-0
VVV.'"
VVV/$)'P\Xij
VVV)'"P\Xij
VVV8[mXeZ\[
VVVDXjk\i:iX]kjdXe
$-($
VVVEf
VVVEf
=FC;8CFE>;FKK<;C@E<
GcXZ\
JkXdg
?\i\
NFF;JKF:B@EK<IE8K@FE8C#@E:%
G%F%9FO)*'0
9<CC@E>?8D#N80/)).$)*'0
=FC;8CFE>;FKK<;C@E<
K8G<8CFE><;><J$$GC<8J<;FEFKJK8GC<