You are on page 1of 228

Ghid de utilizare aparat

‡ $VLJXUDĠLYăFăDĠLFLWLWDFHVWJKLGLQFOXVLYFDSLWROXO³0ăVXUL
GHVLJXUDQĠă´ =  vQDLQWHGHDIRORVLDSDUDWXO
‡ $FHVWJKLGYăYDDMXWDVăSXWHĠLXWLOL]DDSDUDWXOIRWRvQPRG
FRUHVSXQ]ăWRU
‡ 3ăVWUDĠLDFHVWJKLGvQWUXQORFVLJXUSHQWUXXWLOL]DUHXOWHULRDUă

520Æ1Ă
Înainte de utilizare

,QIRUPDĠLLLQLĠLDOH
&RQ‫܊‬LQXWSDFKHW
ÌQDLQWHGHXWLOL]DUHDVLJXUDĠLYăFăSDFKHWXOFRQĠLQHXUPăWRDUHOHDUWLFROH
'DFDOLSVHúWHFHYDFRQWDFWDĠLFRPHUFLDQWXOGHODFDUHDĠLDFKL]LĠLRQDW
DSDUDWXO

Baterie ÌQFăUFăWRUEDWHULH
$SDUDW
1%/+ &%/)&%/)(

&DSDFRELHFWLY
&XUHDGHPkQă
FXFDEOX
 1XGHFRMLĠLHWLFKHWDEDWHULHL
Ɣ 6XQWLQFOXVHúLPDWHULDOHLPSULPDWH
Ɣ 1XHVWHLQFOXVQLFLXQFDUGGHPHPRULH =  

2
&DUGXULGHPHPRULHFRPSDWLELOH
3XWHĠLXWLOL]DXUPăWRDUHOHFDUGXULGHPHPRULH FRPHUFLDOL]DWHVHSDUDW 
LQGLIHUHQWGHFDSDFLWDWHDDFHVWRUD
Ɣ FDUGXULGHPHPRULH6'
Ɣ FDUGXULGHPHPRULH6'+&
Ɣ FDUGXULGHPHPRULH6';&

Ɣ &DUGXUL(\H)L
 &DUGXULFRQIRUPHFXVWDQGDUGHOH6'7RWXúLQXWRDWHFDUGXULOHDXIRVWYHUL¿FDWH
GDFăIXQFĠLRQHD]ăvPSUHXQăFXDSDUDWXO

'HVSUHFDUGXULOH(\H)L

$FHVWSURGXVQXHVWHJDUDQWDWSHQWUXDVXSRUWDIXQFĠLLOHXQXLFDUG(\H)L
LQFOXVLYWUDQVIHUZLUHOHVV ÌQFD]XOvQFDUHDYHĠLSUREOHPHFXXQFDUG
(\H)LDGUHVDĠLYăSURGXFăWRUXOXLDFHVWXLD
'HDVHPHQHDOXDĠLODFXQRúWLQĠăFăDYHĠLQHYRLHGHRDSUREDUHSHQWUXD
IRORVLFDUGXULOH(\H)LvQDQXPLWHĠăULVDXUHJLXQL8WLOL]DUHDFDUGXOXLIăUă
DSUREDUHHVWHLQWHU]LVă'DFăQXYăHVWHFODUGDFDDFHVWFDUGDSULPLW
DSUREDUHGHXWLOL]DUHvQ]RQDUHVSHFWLYăDGUHVDĠLYăSURGXFăWRUXOXLGH
FDUGXUL

3
'HQXPLULúLFRQYHQĠLLvQDFHVWJKLG
(1) (2) (3) (4) (5)

(3)

(6) (8) (9)

( 7)

  %XWRQ]RRRP   %XWRQ212)) SRUQLWRSULW


)RWRJUD¿HUH>  WHOHIRWR @   %OLĠ
>  XQJKLZLGH @
  /XPLQă
5HGDUH>  PăULUH @
>  LQGH[ @   2ELHFWLY
  %XWRQGHFODQúDWRU   6XSRUWSHQWUXWUHSLHG
  6XSRUWFXUHD   &DSDFFDUGGHPHPRULHEDWHULH

Ɣ 0RGXULOHGHvQUHJLVWUDUH‫ڍ‬LVLPEROXULOHSHHFUDQ‫ڍ‬LWH[WXOVXQWLQGLFDWH
vQSDUDQWH]HSăWUDWH
Ɣ ,QIRUPDĠLLLPSRUWDQWHSHFDUHWUHEXLHVăOHúWLĠL
Ɣ 6IDWXULúLVXJHVWLLSHQWUXRXWLOL]DUHPDLEXQăDDSDUDWXOXL
Ɣ =[[3DJLQLFXLQIRUPDĠLLFRQH[H vQDFHVWH[HPSOX³[[´UHSUH]LQWăXQ
QXPăUGHSDJLQă
Ɣ ,QVWUXFĠLXQLOHGLQDFHVWJKLGVXQWYDODELOHSHQWUXDSDUDWXOFXVHWăULOHLPSOLFLWH
Ɣ ÌQPRGFRQYHQĠLRQDOWRDWHFDUGXULOHGHPHPRULHDFFHSWDWHVXQW
GHQXPLWHFDUGGHPHPRULH
Ɣ 6LPEROXULOH³ )RWRJUD¿L´úL³ )LOPH´GHVXEWLWOXULLQGLFăSHQWUXFH
HVWHIRORVLWăIXQFĠLD²GDFăHVWHSHQWUXIRWRJUD¿LVDX¿OPH
4
'HQXPLULúLFRQYHQĠLLvQDFHVWJKLG

(1) (2) (3) (6) (7)

(8)

(9)
(10)
(11)
(12)

(13)

(4) (5) (14) (15) (16)

  'LIX]RU   %XWRQ>  &RPSHQVDUHD


  0LFURIRQ H[SXQHULL @6XV

  $9287 LH‫ڍ‬LUH$XGLRYLGHR    %XWRQ)81&6(7


WHUPLQDO',*,7$/   %XWRQ>  %OLĠ @'UHDSWD
  (FUDQ PRQLWRU/&'   %XWRQ>  $XWRGHFODQúDWRU @
  3RUWSWFDEOXSWGLVSR]LWLYGHFXSODUH >  ùWHUJHUHRVLQJXUăLPDJLQH @
-RV
  ,QGLFDWRU
  %XWRQ>  ,QWHUYDOIRFDOL]DUH @
  %XWRQ>  5HGDUH @
6WkQJD
  %XWRQILOP
  %XWRQ>  $ILúDUH @
  %XWRQ>  $XWR @
  %XWRQ> @

Ɣ ÌQDFHVWJKLGVLPEROXULOHVXQWIRORVLWHSHQWUXUHSUH]HQWDUHDEXWRDQHORU
SHFDUHDSDUVDXFXFDUHVHDVHDPDQă
Ɣ ÌQFRQWLQXDUHEXWRDQHOHúLFRPHQ]LOHDSDUDWXOXLVXQWUHSUH]HQWDWHGH
VLPEROXUL
> @%XWRQVXV  vQVSDWH
> @%XWRQVWkQJD  vQVSDWH
> @%XWRQGUHDSWD  vQVSDWH
> @%XWRQMRV  vQVSDWH
5
1RWL¿FăULSUHOLPLQDUHúLLQIRUPDĠLL
MXULGLFH
Ɣ /DvQFHSXWIDFHĠLFkWHYDIRWRJUD¿LúLYHUL¿FDĠLOHSHQWUXDYăDVLJXUD
FăLPDJLQLOHDXIRVWvQUHJLVWUDWHFRUHFW9ăUXJăPVăOXDĠLODFXQRúWLQĠă
Fă¿UPD&DQRQ,QFVXEVLGLDUHOHúL¿OLDOHOHDFHVWHLDúLGLVWULEXLWRULLVăL
QXVXQWUăVSXQ]ăWRULSHQWUXQLFLXQIHOGHGDXQHGHFRQVHFLQĠăFDUHSRW
DSăUHDGLQFDX]DYUHXQXLGHIHFWDODSDUDWXOXLVDXDOXQXLDFFHVRULX
LQFOXVLYDOFDUGXULORUGHPHPRULHFDUHDXFDUH]XOWDWSLHUGHUHDXQHL
LPDJLQLFHXUPHD]ăVă¿HvQUHJLVWUDWăVDXGLJLWDOL]DWă
Ɣ ,PDJLQLOHvQUHJLVWUDWHGHDSDUDWYRU¿IRORVLWHvQVFRSSHUVRQDO(YLWDĠL
VăUHDOL]DĠLvQUHJLVWUăULQHDXWRUL]DWHFDUHvQFDOFăOHJHDGUHSWXULORUGH
DXWRUúLĠLQHĠLFRQWGHIDSWXOFăúLvQFD]XOXQRUIRWRJUD¿LSHUVRQDOH
DFHVWHDSRWvQFăOFDGUHSWXULOHGHDXWRUVDXDOWHGUHSWXULOHJDOHvQ
FDGUXOUHDOL]ăULLXQRUDFĠLXQLVDXDXQRUH[SR]LĠLLVDXvQDQXPLWH
vQĠHOHJHULFRPHUFLDOH
Ɣ 3HQWUXLQIRUPDĠLLUHIHULWRDUHODJDUDQĠLDDSDUDWXOXLVDX'HSDUWDPHQWXO
GHVXSRUW&DQRQFRQVXOWDĠLLQIRUPDĠLLOHGHVSUH*DUDQĠLHRIHULWH
vPSUHXQăFXPDQXDOXO
Ɣ 'HúLPRQLWRUXO/&'HVWHIDEULFDWvQFRQGLĠLLGHSUHFL]LHH[WUHPăúL
SHVWHGLQSL[HOLVXQWFRQIRUPLFXVSHFL¿FDĠLLOHGHGHVLJQ
vQFD]XULUDUHDQXPLĠLSL[HOLSRW¿GHIHFĠLVDXSRWDSăUHDVXEIRUPD
XQRUSXQFWHURúLLVDXQHJUH$FHVWHSXQFWHQXLQGLFăRGHIHFĠLXQHD
DSDUDWXOXLVDXDLPDJLQLORUvQUHJLVWUDWH
Ɣ 0RQLWRUXO/&'SRDWH¿DFRSHULWFXRIROLHVXEĠLUHGHSODVWLFSHQWUX
SURWHFĠLHvPSRWULYDGHWHULRUăULORUvQWLPSXOWUDQVSRUWXOXLÌQFD]GH
DFRSHULUHvQGHSăUWDĠLIROLDvQDLQWHDGHXWLOL]DUHDDSDUDWXOXL
Ɣ &kQGIRORVLĠLDSDUDWXOSHQWUXRSHULRDGăPDLPDUHDFHVWDVHSRDWH
vQFăO]L$FHVWOXFUXQXLQGLFăXQGHIHFW

6
&XSULQV

Înainte de utilizare........... 2 3HUVRQDOL]DUHDRSHUDĠLXQLORU


DSDUDWXOXL66
,QIRUPDĠLLLQLĠLDOH2
&RQ‫ڏ‬LQXWSDFKHW2  $OWHPRGXULGHIRWRJUD¿HUH71
&DUGXULGHPHPRULHFRPSDWLELOH3 3HUVRQDOL]DUHDOXPLQR]LWăĠLLFXORULL
/LYH9LHZ&RQWURO 72
'HQXPLULúLFRQYHQĠLLvQDFHVW
*KLG4 6FHQHVSHFL¿FH73
1RWL¿FăULSUHDODELOHúLLQIRUPDĠLL $SOLFDUHDGHHIHFWHVSHFLDOH75
MXULGLFH6 0RGXULVSHFLDOHIRORVLWHvQ
2SHUD‫ڏ‬LXQLREL‫ڍ‬QXLWHDOH DOWHVFRSXUL
DSDUDWXOXL9  0RGXO385
0ăVXULGHVLJXUDQ‫ڏ‬ă )RWRJUD¿HUHvQ3URJUDP$(
0RG>3@ 86
*KLGGHED]Ć .................. 17 /XPLQR]LWDWHDLPDJLQLL
8WLOL]DUHGHED]ă17 ([SXQHUH 87
3UHJăWLULLQL‫ڏ‬LDOH &XORULLPDJLQH92
7HVWDUHDDSDUDWXOXL26 ,QWHUYDOGHIRWRJUD¿HUH
úLIRFDOL]DUH96
Ghid avansat .................. 31 %OLĠ
 ,QIRUPD‫܊‬LLGHED]ăGHVSUH $OWHVHWăUL
DSDUDW31  0RGUHGDUH109
3RUQLW2SULW32 9L]XDOL]DUH 
%XWRQGHFODQ‫ڍ‬DWRU34 5ăVIRLUH‫ڍ‬L¿OWUDUHGHLPDJLQL 
2S‫ڏ‬LXQLD¿‫ڍ‬DUHIRWRJUD¿H35 2SĠLXQLGHYL]XDOL]DUHLPDJLQL 
8WLOL]DUHDPHQLXOXL)81&36 3URWHMDUHLPDJLQL
8WLOL]DUHDHFUDQXOXLSHQWUX ‫ڌ‬WHUJHUHLPDJLQL
PHQLX38
5RWLUHDLPDJLQLORU
$¿‫ڍ‬DUHLQGLFDWRU
0DUFDUHDLPDJLQLORUFDIDYRULWH
Ceas
(GLWDUHIRWRJUD¿L
 0RG$XWR43 (GLWDUH¿OPH
)RWRJUD¿HUHFXVHWăULVWDELOLWHGH
 0HQLXVHWăUL141
DSDUDW44
5HJODUHDIXQFĠLLORUGHED]ăDOH
&DUDFWHULVWLFLFRPXQHX]XDOH53
DSDUDWXOXL
)XQFĠLLGHSHUVRQDOL]DUH
DLPDJLQLL  $FFHVRULL155
)XQFĠLLGHIRWRJUD¿HUH +DUWăVLVWHP
DMXWăWRDUH63 $FFHVRULLRSĠLRQDOH

7
&XSULQV

8WLOL]DUHDGHDFFHVRULL
RSĠLRQDOH
8WLOL]DUHVRIWZDUH
,PSULPDUHDLPDJLQLORU
)RORVLUHDXQXL&DUG(\H)L
 $QH[ă185
'HSDQDUH
0HVDMHSHHFUDQ
,QIRUPDĠLLSHHFUDQ
7DEHOHFXIXQF‫ڏ‬LL‫ڍ‬LPHQLXUL
0ăVXULGHSUHFDX‫ڏ‬LH
6SHFL¿FD‫ڏ‬LL
,QGH[

8
2SHUD‫܊‬LXQLREL‫܈‬QXLWHDOHDSDUDWXOXL

)RWRJUDILDĠL

Ɣ )RORVLĠLVHWăULOHVWDELOLWHGHDSDUDW 0RGXO$XWR
 = 44

)RWRJUD¿HUHDFRUHFWăDRDPHQLORU

3RUWUHWH 3H]ăSDGă
(=  (= 

3RWULYLUHDXQRUVFHQHVSHFL¿FH

/XPLQR]LWDWHVFă]XWă AUWL¿FLL
(=  (= 

$SOLFDUHDGHHIHFWHVSHFLDOH

&XORULLQWHQVH (IHFWSRVWHU (IHFWRFKLGHSHúWH


(=  (=  (= 

(IHFWDSDUDWGH
(IHFWGHPLQLDWXUă 0RQRFURP
MXFăULH
(=  (= 
(= 

9
2SHUD‫ڏ‬LXQLREL‫ڍ‬QXLWHDOHDSDUDWXOXL

Ɣ ÌQWLPSFHUHJODĠLVHWăULOHGHLPDJLQH &RPDQGă/LYH9LHZ
 = 72
Ɣ 6ăIRFDOL]DĠLSHIHĠH
 = 44, = 73, = 99
Ɣ )ăUăDIRORVLEOLĠXO %OLĠRSULW
 = 44
Ɣ &XPLQHvQIRWRJUD¿H $XWRGHFODQúDWRU
 = 54, = 
Ɣ $GăXJDUHDXQHL‫ڍ‬WDPSLOHFXGDWă
 = 57

6ăYL]XDOL]DĠL

Ɣ 9L]XDOL]DUHLPDJLQL 0RGUHGDUH
 = 
Ɣ 5HGDUHDXWRPDWă 3UH]HQWDUH
 = 
Ɣ 3HWHOHYL]RU
 = 
Ɣ 3HFDOFXODWRU
 = 
Ɣ 5ăVIRLĠLUDSLGLPDJLQLOH
 = 
Ɣ ùWHUJHĠLLPDJLQLOH
 = 

6ăILOPDĠL6ăYL]XDOL]DĠLILOPHOH

Ɣ 6ă¿OPDĠL
 = 44
Ɣ 9L]XDOL]DUH¿OPH 0RGGHUHGDUH
 = 


2SHUD‫ڏ‬LXQLREL‫ڍ‬QXLWHDOHDSDUDWXOXL

,PSULPD‫܊‬L

Ɣ ,PSULPD‫ڏ‬LIRWRJUD¿LOH
 = 

6DOYD‫܊‬L

Ɣ 6DOYDĠLLPDJLQLOHvQFDOFXODWRU
 = 


0ăVXULGHVLJXUDQĠă
Ɣ ÌQDLQWHGHDIRORVLSURGXVXOYăUXJăPVăYăDVLJXUDĠLFăDĠLFLWLW
PăVXULOHGHVLJXUDQĠăGHVFULVHPDLMRV$VLJXUDĠLYăvQWRWGHDXQDFă
SURGXVXOHVWHXWLOL]DWFRUHFW
Ɣ 0ăVXULOHGHSUHFDXĠLLLQGLFDWHDLFLDXVFRSXOGHDSUHYHQLUăQLUHD
RULFăUHLSHUVRDQHVDXGHWHULRUDUHDEXQXULORU
Ɣ $VLJXUDĠLYăFăDĠLYHUL¿FDWPDQXDOHOHGHXWLOL]DUHLQFOXVHFDUHFRQĠLQ
DFFHVRULLOHYkQGXWHVHSDUDWSHFDUHOHYHĠLIRORVL

,QGLFăULVFXOGHYăWăPăULVHULRDVHVDXFKLDU
PRDUWH
$YHUWLVPHQW
Ɣ 1XGHFODQúDĠLEOLĠXOvQDSURSLHUHDRFKLORU
([SXQHUHDODOXPLQDLQWHQVăSURGXVăGHEOLĠSRDWHGăXQDYHGHULL$WXQFL
FkQGIRORVLĠLEOLĠXOSăVWUDĠLFHOSXĠLQXQPHWUXGLVWDQĠăIDĠăGHFRSLL

Ɣ 1XOăVDĠLDSDUDWXOODvQGHPkQDFRSLLORU
'DFăSHWUHFHĠLúQXUXODFFLGHQWDOvQMXUXOJkWXOXLFRSLLORUSRDWHSURYRFD
DV¿[LHUHDDFHVWRUD
'DFăDSDUDWXOIRORVHúWHXQFDEOXGHDOLPHQWDUHGDFăDFHVWDHVWHSHWUHFXW
DFFLGHQWDOvQMXUXOJkWXOXLFRSLLORUSRDWHSURYRFDDV¿[LHUHDDFHVWRUD

Ɣ )RORVLĠLQXPDLVXUVHOHGHDOLPHQWDUHUHFRPDQGDWH
Ɣ 1XvQFHUFDĠLVăGH]DVDPEODĠLVăWUDQVIRUPDĠLVDXVăĠLQHĠLSURGXVXO
OkQJăRVXUVăGHFăOGXUă
Ɣ 1XGHFRMLĠLHWLFKHWDEDWHULHLGDFăEDWHULDDUHXQD
Ɣ 1XWUkQWLĠLVDXQXVXSXQHĠLDSDUDWXOODLPSDFWHVHYHUH
Ɣ 1XDWLQJHĠLLQWHULRUXOSURGXVXOXLGDFăDIRVWWUkQWLWVDXGHWHULRUDWvQWUXQ
DOWPRG
Ɣ 2SULĠLLPHGLDWXWLOL]DUHDSURGXVXOXLGDFăDFHVWDGHJDMăIXPXQPLURV
VWUDQLXVDXQXIXQF‫ڏ‬LRQHD]ăQRUPDO
Ɣ 1XIRORVLĠLVROYHQĠLRUJDQLFLFXPDU¿DOFRROEHQ]LQăVDXGLOXDQWSHQWUX
DFXUăĠDDSDUDWXO


0ăVXULGHVLJXUDQĠă

Ɣ 1XSHUPLWHĠLSăWUXQGHUHDOLFKLGHORUVDXDRELHFWHORUVWUăLQHvQLQWHULRU
$FHVWHDSRWFDX]DúRFXULHOHFWULFHVDXLQFHQGLL
'DFăSURGXVXOVHXGăVDXGDFăSăWUXQGvQLQWHULRUOLFKLGHVDXRELHFWH
VWUăLQHVFRDWHĠLEDWHULDVDXVFRDWHĠLGLQSUL]ă

Ɣ 1XSULYLĠLSULQYL]RU GDFăPRGHOXOGXPQHDYRDVWUăDUHXQXO ODVXUVH


SXWHUQLFHGHOXPLQă SUHFXPVRDUHOHvQWUR]LVHQLQă 
ÌQFD]FRQWUDUYHGHUHDYăSRDWH¿DIHFWDWă

Ɣ 1XDWLQJHĠLSURGXVXOvQWLPSXOIXUWXQLORUGDFăHVWHFRQHFWDWODSUL]ă
$FHVWHDSRWFDX]DúRFXULHOHFWULFHVDXLQFHQGLL2SUL‫ڏ‬LLPHGLDWXWLOL]DUHD
HFKLSDPHQWXOXL‫ڍ‬LGHSăUWD‫ڏ‬LYă

Ɣ )RORVLĠLGRDUEDWHULLUHFRPDQGDWH
Ɣ 1XOăVDĠLEDWHULDvQDSURSLHUHDVDXVXEDFĠLXQHDIRFXOXL
%DWHULDSRDWHH[SORGDVDXVHSRDWHVFXUJHSURYRFkQGúRFXULHOHFWULFHVDX
LQFHQGLLÌQFD]XOvQFDUHVFXUJHULOHVDXHOHFWUROLĠLLEDWHULHLLQWUăvQFRQWDFWFX
RFKLLJXUDSLHOHDVDXvPEUăFăPLQWHDFOăWLĠLFXMHWSXWHUQLFGHDSă

Ɣ 'DFăDSDUDWXOIRORVH‫ڍ‬WHXQvQFăUFăWRUDYH‫ڏ‬LJULMăODXUPăWRDUHOH
 'HFXSODĠLFDEOXOGHDOLPHQWDUHvQPRGSHULRGLFúLFXDMXWRUXOXQHLFkUSH
XVFDWHúWHUJHĠLRULFHXUPăGHSUDIúLPXUGăULHFDUHVDGHSXVSHPXIă
SHH[WHULRUXOERUQHLGHDOLPHQWDUHúLvQ]RQDvQFRQMXUăWRDUH
 1XLQWURGXFHĠLVDXVFRDWHĠLúWHFăUXOGHDOLPHQWDUHFXPkLQLOHXPHGH
 1XIRORVLĠLHFKLSDPHQWXOSHQWUXDFWLYLWăĠLFDUHGHSăúHVFFDSDFLWDWHD
PXIHLGHDOLPHQWDUHVDXDDFFHVRULLORUSHQWUXFRQHFWDUH$QX
VHXWLOL]DvQFD]XOvQFDUHFDEOXOGHDOLPHQWDUHVDXúWHFăUXOVXQW
GHWHULRUDWHVDXQXVXQWELQHLQWURGXVHvQSUL]ă
 1XSHUPLWHĠLPXUGăULHLVDXRELHFWHORUPHWDOLFH SUHFXPDFHVDX
FKHL VăLQWUHvQFRQWDFWFXERUQHOHVDXPXID
 1XWăLD‫ڏ‬LPRGL¿FD‫ڏ‬LVDXSXQH‫ڏ‬LRELHFWHJUHOHSHFDEOXOGHDOLPHQWDUH
$FHVWHDSRWFDX]DúRFXULHOHFWULFHVDXLQFHQGLL

Ɣ 2SULĠLDSDUDWXOvQORFXULOHvQFDUHXWLOL]DUHDDFHVWXLDHVWHLQWHU]LVă
8QGHOHHOHFWURPDJQHWLFHHPLVHGHDSDUDWSRWDIHFWDPRGXOGHIXQFĠLRQDUH
DOLQVWUXPHQWHORUHOHFWURQLFHVDXDDOWRUGLVSR]LWLYH$YHĠLRJULMăGHRVHELWă
DWXQFLFkQGIRORVLĠLDSDUDWXOvQORFXULXQGHXWLOL]DUHDGLVSR]LWLYHORU
HOHFWURQLFHHVWHLQWHU]LVăGHH[HPSOXvQLQWHULRUXODYLRDQHORUVDXvQ
LQFLQWDLQVWLWXĠLLORUPHGLFDOH

0ăVXULGHVLJXUDQĠă

Ɣ 1XSHUPLWHĠLDSDUDWXOXLVă¿HvQFRQWDFWFXSLHOHDSHQWUXSHULRDGHPDUL
GHWLPS
&KLDUGDFăDSDUDWXOQXHVWHSHUFHSXWFD¿LQG¿HUELQWHDFHVWOXFUXSRDWH
GXFHODDUVXULODWHPSHUDWXULVFă]XWHPDQLIHVWDWHSULQvQURúLUHDSLHOLL
)RORVLĠLXQWUHSLHGvQORFXULFDOGHVDXGDFăDYHĠLSUREOHPHFXFLUFXODĠLD
VkQJHOXLVDXSLHOHVHQVLELOă

$WHQĠLH ,QGLFăULVFXOGHYăWăPDUH
Ɣ $WXQFLFkQGĠLQHĠLDSDUDWXOGHúQXUDYHĠLJULMăVăQXvOORYLĠLVăQXvO
VXSXQHĠLXQRUúRFXULSXWHUQLFHVDXVăQXVHEORFKH]HvQDOWHRELHFWH
Ɣ $YHĠLJULMăVăQXORYLĠLVDXVăQXDSăVDĠLSXWHUQLFSHOHQWLOH
$FHVWOXFUXSRDWHGXFHODGHWHULRUDUHDDSDUDWXOXL

Ɣ (YLWDĠLVăVXSXQHĠLHFUDQXOXQRUúRFXULSXWHUQLFH
ÌQFD]XOvQFDUHHFUDQXOVHVSDUJHIUDJPHQWHOHUH]XOWDWHYăSRWUăQL

Ɣ $WXQFLFkQGIRORVLĠLEOLĠXODYHĠLJULMăVăQXvODFRSHULĠLFXGHJHWHOHVDX
FXKDLQHOH
$FHDVWDSRDWHGXFHODDUVXULVDXODGHWHULRUDUHDEOLĠXOXL

Ɣ (YLWDĠLXWLOL]DUHDSODVDUHDVDXGHSR]LWDUHDSURGXVXOXLvQXUPăWRDUHOH
ORFXUL
 /RFXULH[SXVHOXPLQLLSXWHUQLFHDVRDUHOXL
 /RFXULH[SXVHODWHPSHUDWXULGHSHVWHƒ& ƒ)
 =RQHXPHGHVDXSUăIXLWH
$FHVWHDSRWFDX]DVFXUJHULVXSUDvQFăO]LUHVDXH[SOR]LDEDWHULHLDYkQGFD
UH]XOWDWXQVFXUWFLUFXLWXQLQFHQGLXDUGHULVDXDOWHGDXQH
6XSUDvQFăO]LUHDVDXGHWHULRDUHDEDWHULHLSRWGXFHODVFXUWFLUFXLWLQFHQGLX
DUGHULVDXDOWHGDXQH

Ɣ (IHFWXOGHSUH]HQWDUHSRDWHFDX]DGLVFRQIRUWGDFăXUPăULĠLR
SUH]HQWDUHSHQWUXXQWLPSvQGHOXQJDW
Ɣ &kQGIRORVL‫ڏ‬LOHQWLOHRS‫ڏ‬LRQDOH¿OWUHVDXDGDSWRDUHSHQWUX¿OWUH GDFă
HVWHFD]XO DVLJXUD‫ڏ‬LYăFăDWD‫ڍ‬D‫ڏ‬LDFFHVRULLOHIHUP
ÌQFD]XOvQFDUHRELHFWLYXOVHGHúXUXEHD]ăúLFDGHDFHVWDVHSRDWH
VSDUJHúLYăSXWHĠLWăLDvQFLREXUL


0ăVXULGHVLJXUDQĠă

Ɣ /DDSDUDWHOHFDUHULGLFă‫ڍ‬LODVăMRVEOL‫ڏ‬XODXWRPDWDVLJXUD‫ڏ‬LYăFă
GHJHWHOHQXVXQWvQDSURSLHUHFkQGVHODVăvQMRVSHQWUXDHYLWD
FLXSLWXULOH
([LVWăSHULFROGHUăQLUH

$WHQĠLH ,QGLFăULVFXOGHGLVWUXJHULPDWHULDOH
Ɣ 1XvQGUHSWDĠLDSDUDWXOFăWUHVXUVHGHOXPLQăSXWHUQLFH GHH[HPSOX
OXPLQDVRDUHOXLVDXROXPLQăDUWL¿FLDOăSXWHUQLFă 
ÌQFD]FRQWUDUSXWHĠLGHWHULRUDVHQ]RUXOGHLPDJLQHVDXDOWHFRPSRQHQWH
LQWHUQH

Ɣ $WXQFLFkQGXWLOL]DĠLDSDUDWXOSHRSODMăFXQLVLSVDXvQWUXQORFFXYkQW
DYHĠLJULMăVăQXSăWUXQGăSUDIúLQLVLSvQDSDUDW
Ɣ /DDSDUDWHOHFDUHULGLFă‫ڍ‬LODVăMRVEOL‫ڏ‬XODXWRPDWQXvPSLQJHĠLEOLĠXOvQ
MRVúLQXvOULGLFD‫ڏ‬LIRU‫ڏ‬DW
$FHVWOXFUXSRDWHFDX]DGHIHFĠLXQLDOHDSDUDWXOXL

Ɣ ùWHUJHĠLSUDIXOVDXDOWHPDWHULLVWUăLQHGHSHEOLĠFXREXFDWăGH
PDWHULDOPRDOH
&ăOGXUDHPLVăGHEOLĠSRDWHSURGXFHDUVXULVDXSRDWHGXFHODGHIHFWDUHD
DSDUDWXOXL

Ɣ 6FRDWHĠLúLGHSR]LWDĠLEDWHULDFkQGQXIRORVLĠLDSDUDWXO
2ULFHVFXUJHUHDEDWHULHLSRDWHGXFHODGHWHULRUDUHDSURGXVXOXL

Ɣ ÌQDLQWHGHDDUXQFDEDWHULDDFRSHULĠLERUQHOHFXREDQGăVDXDOĠL
L]RODWRUL
&RQWDFWXOFXDOWHPDWHULDOHGLQPHWDOSRDWHFDX]DLQFHQGLLVDXH[SOR]LL

Ɣ 'HFXSODĠLvQFăUFăWRUXOGHEDWHULHIRORVLWFXSURGXVXODWXQFLFkQGQX
HVWHIRORVLW1XDFRSHULĠLFXREXFDWăGHPDWHULDOVDXDOWHRELHFWHFkQG
HVWHSRUQLW
'DFăOăVDĠLvQFăUFăWRUXOvQSUL]ăSHQWUXRSHULRDGăPDLOXQJăGHWLPSHVWH
SRVLELOFDDFHVWDVăVHVXSUDvQFăO]HDVFăVDXVăVHGHIRUPH]HFDX]kQG
XQLQFHQGLX

Ɣ 1XOăVDĠLEDWHULDvQDSURSLHUHDDQLPDOHORUGHFRPSDQLH
ÌQFD]XOvQFDUHDQLPDOHOHGHFRPSDQLHPXúFăEDWHULDSRWFDX]DVFXUJHUL
VXSUDvQFăO]LUHDVDXH[SOR]LDDFHVWRUDSURYRFkQGLQFHQGLLúLGDXQH

0ăVXULGHVLJXUDQĠă

Ɣ 'DFăDSDUDWXOIRORVH‫ڍ‬WHPDLPXOWHEDWHULLQXIRORVL‫ڏ‬LEDWHULLFDUHVXQW
vQFăUFDWHGLIHULWQXIRORVL‫ڏ‬LEDWHULLQRL‫ڍ‬LYHFKLvPSUHXQă1XLQWURGXFHĠL
EDWHULLOHFXERUQHOHúLLQYHUVDWH
$FHVWOXFUXSRDWHFDX]DGHIHFĠLXQLDOHDSDUDWXOXL

Ɣ 1XYăDúH]DĠLGDFăDYHĠLDSDUDWXOvQEX]XQDU
ÌQFD]FRQWUDUSXWHĠLSURYRFDGHIHFĠLXQLVDXSXWHĠLGHWHULRUDHFUDQXO

Ɣ $WXQFLFkQGSXQHĠLDSDUDWXOvQJHDQWăDVLJXUDĠLYăFăHFUDQXOQXLQWUă
vQFRQWDFWFXRELHFWHGXUH'HDVHPHQHDvQFKLGH‫ڏ‬LHFUDQXO DVWIHO
vQFkWVă¿HFXID‫ڏ‬DVSUHDSDUDW GDFăDSDUDWXODUHXQHFUDQFDUHVH
vQFKLGH
Ɣ 1XDWDúDĠLRELHFWHGXUHODDSDUDW
ÌQFD]FRQWUDUSXWHĠLSURYRFDGHIHFĠLXQLVDXSXWHĠLGHWHULRUDHFUDQXO


*KLGGHED]Ć

2SHUDĠLXQLGHED]ă
,QIRUPD‫ڏ‬LL‫ڍ‬LLQVWUXF‫ڏ‬LXQLGHED]ăGHODSUHJăWLULLQL‫ڏ‬LDOHODIRWRJUD¿HUH‫ڍ‬L
redare


3UHJăWLULLQLĠLDOH
3UHJăWLĠLYăSHQWUXIRWRJUD¿DWDVWIHO

$WD‫܈‬DUHDFFHVRULL

1 $WDúDĠLFXUHDXD
(2)
Ɣ 3HWUHFHĠLFDSăWXOFXUHOHLSULQRUL¿FLXO
DIHUHQW  úLDSRLWUDJHĠLGHFHOăODOWFDSăW
(1) DOFXUHOHLSULQEXFODIRUPDWăODFDSăWXO
SHWUHFXW  

2 $WDúDĠLFDSDFXORELHFWLYXOXL
Ɣ 6FRDWHĠLFDSDFXORELHFWLYXOXLWHPSRUDU
SHWUHFHĠLFDSăWXOFXUHOHLSULQRUL¿FLXO
DIHUHQW  úLDSRLWUDJHĠLFDSDFXO
RELHFWLYXOXLSULQEXFODIRUPDWă  
Ɣ ÌQWRWGHDXQDvQGHSăUWDĠLFDSDFXO
RELHFWLYXOXLvQDLQWHGHDSRUQLDSDUDWXO
Ɣ ‫ڎ‬LQHĠLFDSDFXOSHRELHFWLYDWXQFLFkQGQX
IRORVLĠLDSDUDWXO

(1) (2)

&XPVăĠLQHĠLDSDUDWXO

Ɣ 3XQHĠLFXUHDXDvQMXUXOvQFKHLHWXULLPkLQLL
Ɣ &kQGIDFHĠLIRWRJUD¿LĠLQHĠLPkLQLOH
DSURSLDWHGHFRUSúLĠLQHĠLDSDUDWXOELQH
SHQWUXDHYLWDLQVWDELOLWDWHD'DFăDĠL
ULGLFDWEOLĠXOQXĠLQHĠLGHJHWXOSHDFHVWD

3UHJăWLULLQLĠLDOH

ÌQFăUFDUHDEDWHULLORU

ÌQDLQWHGHXWLOL]DUHvQFăUFDĠLEDWHULDFXDMXWRUXOvQFăUFăWRUXOXLGLQGRWDUH
$YHĠLJULMăVăvQFăUFDĠLEDWHULDvQSUHDODELOGHRDUHFHDSDUDWXOQXHVWH
FRPHUFLDOL]DWFXEDWHULDvQFăUFDWă

1 ,QWURGXFHĠLEDWHULD
(1)
Ɣ 'XSăFHDĠLDOLQLDWVHPQHOH GHSH
EDWHULHúLvQFăUFăWRULQWURGXFHĠLEDWHULD
(2) vPSLQJkQGRvQăXQWUX  ‫ڍ‬LDSRLvQMRV  

(1) 2 ÌQFăUFD‫܊‬LEDWHULD
Ɣ &%/)6FRDWH‫ڏ‬LPXID  ‫ڍ‬LEDJD‫ڏ‬L
(2) vQFăUFăWRUXOvQSUL]ă  
Ɣ &%/)(,QWURGXFHĠLFDEOXOGHDOLPHQWDUHvQ
CB-2LF vQFăUFăWRUDSRLLQWURGXFHĠLFHOăODOWFDSăWvQ
VXUVDGHDOLPHQWDUH
Ɣ /XPLQDGHvQFăUFDUHYDGHYHQLSRUWRFDOLHLDU
vQFăUFDUHDYDvQFHSH
Ɣ 'XSăFHDĠLWHUPLQDWGHvQFăUFDWOXPLQD
GHYLQHYHUGH
CB-2LFE

(1) 3 6FRDWHUHDEDWHULHL
Ɣ 'XSăFHDĠLVFRVGLQSUL]ăvQFăUFăWRUXO
VFRDWHĠLEDWHULDvPSLQJkQGRvQăXQWUX  
(2)
‫ڍ‬LDSRLvQVXV  

Ɣ 3HQWUXDSURWHMDEDWHULDúLSHQWUXDRSăVWUDvQFRQGLĠLLRSWLPHQX
WUHEXLHVăRvQFăUFDĠLvQPRGFRQWLQXXPDLPXOWGHGHRUH
Ɣ ÌQFD]XOvQFăUFăWRDUHORUSHQWUXFDUHVHIRORVHúWHXQFDEOXGH
DOLPHQWDUHQXDWDúDĠLvQFăUFăWRUXOVDXFDEOXOODDOWHRELHFWH
3URFHGkQGDVWIHOSXWHĠLGHIHFWDVDXGHWHULRUDSURGXVXO


3UHJăWLULLQLĠLDOH

Ɣ 3HQWUXGHWDOLLUHIHULWRDUHODWLPSXOGHvQFăUFDUHúLODQXPăUXOGHIRWRJUD¿L
úLWLPSXOGHvQUHJLVWUDUHFXEDWHULDvQFăUFDWăODPD[LPFRQVXOWDĠL
³1XPăUXOGHIRWRJUD¿L7LPSGHvQUHJLVWUDUH7LPSGHUHGDUH´ = 
Ɣ %DWHULLOHvQFăUFDWHVHGHVFDUFăvQWLPSFKLDUGDFăQXVXQW
IRORVLWHÌQFăUFDĠLEDWHULDvQ VDXLPHGLDWGXSă ]LXDXWLOL]ăULL
Ɣ ÌQFăUFăWRUXOSRDWH¿IRORVLWvQ]RQHFXYROWDMGH±9
$& +] 3HQWUXSUL]HFXIRUPDWGLIHULWIRORVLĠLXQDGDSWRU
GLVSRQLELOvQFRPHUĠ1XIRORVLĠLWUDQVIRUPDWRDUHHOHFWULFHSHQWUX
FăOăWRULLGHRDUHFHDFHVWHDDUSXWHDDIHFWDEDWHULD

,QWURGXFHĠLEDWHULDúLFDUGXOGHPHPRULH

,QWURGXFHĠLEDWHULDGLQGRWDUHVLXQFDUGGHPHPRULH YkQGXWVHSDUDW 
ğLQHĠLFRQWGHIDSWXOFăvQDLQWHGHDIRORVLXQFDUGGHPHPRULHQRX VDX
XQFDUGGHPHPRULHIRUPDWDWFXDOWGLVSR]LWLY WUHEXLHVăIRUPDWDĠLFDUGXO
GHPHPRULHFXDFHVWDSDUDW =  

(2 ) 1 'HVFKLGHĠLFDSDFXO
Ɣ *OLVDĠLFDSDFXO  úLGHVFKLGHĠLO  

(1)

2 ,QWURGXFHĠLEDWHULD
Ɣ ÌQWLPSFHĠLQHĠLEDWHULDFXWHUPLQDOHOH  
vQGUHSWDWHDúDFXPHVWHLQGLFDWDSăVDĠL
EXWRQXOGHEORFDUHDEDWHULHL  vQ
GLUHFĠLDVăJHĠLLúLLQWURGXFHĠLEDWHULDSkQă
FHVHvQFKLGHEXWRQXOSHQWUXEORFDUH
Ɣ 'DFăLQWURGXFHĠLEDWHULDvQGLUHFĠLD
(1) (2) JUHúLWăDFHDVWDQXPDLSRDWH¿EORFDWă
vQSR]LĠLDFRUHFWă$YHĠLvQWRWGHDXQDJULMă
FDEDWHULDVă¿HvQGUHSWDWăFRUHFWúLVăVH
¿[H]HvQSR]LĠLDFRUHFWă


3UHJăWLULLQLĠLDOH

3 9HUL¿FDĠLEXWRQXOGHSURWHFĠLHD
GDWHORUFDUGXOXLúLLQWURGXFHĠLFDUGXO
GHPHPRULH
Ɣ 1XSXWHĠLHIHFWXDvQUHJLVWUăULSHFDUGXUL
GHPHPRULHSUHYă]XWHFXWDEGHSURWHFĠLH
DGDWHORUDWXQFLFkQGWDEXOHVWHEORFDW
6FKLPEDĠLEXWRQXOSHQWUXSURWHFĠLDGDWHORU
SHSR]LĠLDGHGHEORFDUH
(1) Ɣ ,QWURGXFHĠLFDUGXOGHPHPRULHFXHWLFKHWD
 vQSR]LĠLDLQGLFDWăSkQăFkQGVH
¿[HD]ăFXXQFOLF
Ɣ $VLJXUDĠLYăFăLQWURGXFHĠLFDUGXOvQ
VHQVXOFRUHFW,QWURGXFHUHDFDUGXOXL
GHPHPRULHvQGLUHFĠLDJUHúLWăSRDWH
GHWHULRUDDSDUDWXO

(1) 4 ÌQFKLGHĠLFDSDFXO
Ɣ /ăVD‫ڏ‬LvQMRVFDSDFXO  úLĠLQHĠLODSăVDW
vQWLPSFHvOJOLVDĠLSkQăFkQGVHvQFKLGH
(2) FXXQFOLF  

Ɣ 3HQWUXPDLPXOWHGHWDOLLUHIHULWRDUHODQXPăUXOGHIRWRJUD¿LVDX
ODGXUDWDGHvQUHJLVWUDUHSHFDUGXOGHPHPRULHYH]L³1XPăUGH
IRWRJUD¿LSHFDUGGHPHPRULH´ =  

6FRDWHUHDEDWHULHLúLDFDUGXOXLGHPHPRULH

6FRDWHUHDEDWHULHL
Ɣ 'HVFKLGHĠLFDSDFXOúLDSăVDĠLSHSLHGLFD
SWEDWHULHvQGLUHFĠLDVăJHĠLL
Ɣ %DWHULDYDLHúL


3UHJăWLULLQLĠLDOH

6FRDWHĠLFDUGXOGHPHPRULH
Ɣ ÌPSLQJHĠLFDUGXOGHPHPRULHSkQăFkQG
DX]LĠLXQFOLFúLDSRLULGLFDĠLXúRUPkQD
Ɣ &DUGXOGHPHPRULHYD¿VFRVFXXQ
GHFOLF

6HWDUHDGDWHLúLDRUHL

6HWD‫ڏ‬LFRUHFWGDWD‫ڍ‬LRUDGXSăFXPXUPHD]ăGDFăHFUDQXO>'DWD2UD@
HVWHD¿úDWGHFkWHRULSRUQL‫ڏ‬LDSDUDWXO,QIRUPD‫ڏ‬LLOHDVWIHOLQGLFDWHYRU¿
vQUHJLVWUDWHvQSURSULHWă‫ڏ‬LOHLPDJLQLLDWXQFLFkQGIRWRJUD¿D‫ڏ‬L‫ڍ‬LYRU¿IRORVLWH
DWXQFLFkQGYH‫ڏ‬LJHVWLRQDLPDJLQLOHGXSăGDWDIRWRJUD¿HULLVDXDWXQFLFkQG
YH‫ڏ‬LLPSULPDLPDJLQLOHFXGDWDODYHGHUH
'HDVHPHQHDGDFăGRUL‫ڏ‬LSXWH‫ڏ‬LDGăXJDR‫ڍ‬WDPSLOăFXGDWă =  

1 3RUQLĠLDSDUDWXO
Ɣ $SăVDĠLEXWRQXO3251,7235,7
Ɣ (FUDQXO>'DWă2Uă@YD¿D¿úDW

2 6HWDĠLGDWDúLRUD
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
RRSĠLXQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXD
PHQĠLRQDGDWDúLRUD
Ɣ &kQGWHUPLQDĠLDSăVDĠLEXWRQXO> @

22
3UHJăWLULLQLĠLDOH

3 6SHFL¿FDĠLORFDĠLDGHDFDVă
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
IXVXORUDUORFDO

4 )LQDOL]DĠLSURFHVXOGHVHWDUH
Ɣ &kQGWHUPLQDĠLDSăVDĠLEXWRQXO> @
'XSăPHVDMXOGHFRQ¿UPDUHHFUDQXO
SHQWUXVHWăULQXYDPDL¿D¿úDW
Ɣ 3HQWUXDRSULDSDUDWXODSăVDĠLEXWRQXO
3251,7235,7

Ɣ 'DFăQXVHWDĠLGDWDRUDúLIXVXORUDUHFUDQXO>'DWă2Uă@YD
¿D¿úDWGH¿HFDUHGDWăFkQGYHĠLSRUQLDSDUDWXO,QWURGXFH‫ڏ‬L
LQIRUPDĠLLFRUHFWH

Ɣ 3HQWUXDVHWDIXVXOGHYDUă RUăvQDYDQV DOHJHĠL> @ODSDVXO


úLDSRLDOHJHĠL> @SULQDSăVDUHDEXWRDQHORU> @> @

6FKLPEDUHDGDWHL‫܈‬LDRUHL
5HJODĠLGDWDúLRUDGXSăFXPXUPHD]ă

1 $FFHVDĠLHFUDQXOPHQLXOXL
Ɣ $SăVDĠLEXWRQXO> @

23
3UHJăWLULLQLĠLDOH

2 $OHJHĠL>'DWD2UD@
Ɣ 'HSODVDĠLEXWRQXOGH]RRPSHQWUXDDOHJH
WDEXO> @
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>'DWă2Uă@úLDSRLDSăVDĠLEXWRQXO> @

3 6FKLPEDĠLGDWDúLRUD
Ɣ 8UPDĠL3DVXOGHOD³6HWDUHDGDWHL‫ڍ‬LD
RUHL´ =  SHQWUXDUHJODVHWăULOH
Ɣ $SăVDĠLEXWRQXO> @SHQWUXDvQFKLGH
HFUDQXOPHQLXOXL

Ɣ 6HWăULOHGHGDWăRUăSRW¿UHĠLQXWHSHQWUXDSUR[LPDWLYVăSWăPkQL
GHFăWUHEDWHULDvQFRUSRUDWăSHQWUXGDWăRUă EDWHULHGHUH]HUYă 
GXSăFHEDWHULLOHVXQWVFRDVH
Ɣ %DWHULDGHGDWăRUăYD¿vQFăUFDWăvQDSUR[LPDWLYRUHGXSăFH
LQWURGXFHĠLREDWHULHvQFăUFDWăVDXGXSăFHFRQHFWDĠLDSDUDWXOOD
XQNLWFXDGDSWRU$& FRPHUFLDOL]DWVHSDUDW=  FKLDUGDFă
DSDUDWXOHVWHOăVDWRSULW
Ɣ &kQGEDWHULDGHGDWăRUăVDGHVFăUFDWHFUDQXO>'DWă2Uă@YD
¿D¿úDWDWXQFLFkQGSRUQLĠLDSDUDWXO6HWDĠLGDWDúLRUDFRUHFWH
XUPkQGSDúLLGHOD³6HWDUHDGDWHLúLDRUHL´ =  

24
3UHJăWLULLQLĠLDOH

/LPEăGHD¿úDUH

6FKLPEDĠLOLPEDGHD¿úDUHGXSăQHFHVLWăĠL

1 ,QWUDĠLvQPRGXO5HGDUH
Ɣ $SăVDĠLEXWRQXO> @

2 $FFHVDĠLHFUDQXOSHQWUXVHWăUL
Ɣ $SăVDĠLúLĠLQHĠLDSăVDWEXWRQXO> @DSRL
DSăVDĠLLPHGLDWEXWRQXO> @

3 6HWDĠLOLPEDD¿úDMXOXL
Ɣ $SăVDĠLEXWRDQHOH> @> @> @> @SHQWUX
DDOHJHROLPEăDSRLDSăVDĠL
EXWRQXO> @
Ɣ 2GDWăFHOLPEDD¿úDMXOXLDIRVWVHWDWă
HFUDQXOFXVHWăULQXYDPDL¿D¿úDW

Ɣ 2UDFXUHQWăHVWHD¿‫ڍ‬DWăGDFăDúWHSWDĠLSUHDPXOWODSDVXOGXSă
FHDSăVDĠLEXWRQXO> @vQDLQWHVăDSăVDĠLEXWRQXO> @ÌQ
DFHVWFD]DSăVDĠLEXWRQXO> @SHQWUXDUHQXQ‫ڏ‬DODRUDFXUHQWăúL
UHSHWDĠLSDVXO
Ɣ 'HDVHPHQHDSXWHĠLVFKLPEDOLPEDGHD¿úDUHDSăVkQGEXWRQXO
> @úLDOHJkQG>/LPED @GHODWDEXO> @

25
ÌQFHUFDĠLDSDUDWXO
)RWRJUDILL )LOPH
8UPDĠLDFHVWHLQFWUXFĠLXQLSHQWUXDSRUQLDSDUDWXOUHDOL]DĠLIRWRJUD¿LVDX
¿OPHúLDSRLYL]XDOL]DĠLOH

)RWRJUD¿HUH 6PDUW$XWR

3HQWUXVHOHFWDUHDWRWDOăúLDXWRPDWăDVHWăULORURSWLPHSHQWUXDQXPLWH
VFHQHQXWUHEXLHGHFkWVăOăVDĠLDSDUDWXOVăVWDELOHDVFăVXELHFWXOúL
FRQGLĠLLOHGHIRWRJUD¿HUH

1 3RUQLĠLDSDUDWXO
Ɣ $SăVDĠLEXWRQXO3251,7235,7
Ɣ (FUDQXOGHSRUQLUHHVWHD¿úDW

2 ,QWUD‫܊‬LvQPRGXO> @
Ɣ $SăVD‫ڏ‬LEXWRQXO> @GHPDLPXOWHRUL
SkQăHVWHD¿‫ڍ‬DW> @
Ɣ ÌQGUHSWDĠLDSDUDWXOFăWUHXQVXELHFW
$SDUDWXOYDVFRDWHXQVXQHWGLVFUHWvQ
WLPSFHVWDELOHúWHVFHQD
Ɣ 6LPEROXULOHFDUHUHSUH]LQWăPRGXO
VFHQHúLPRGXOGHVWDELOL]DUHLPDJLQH
VXQWD¿úDWHvQSDUWHDGHVXVGUHDSWDD
HFUDQXOXL
Ɣ &DGUHOHD¿úDWHvQMXUXOIHĠHOHORUFDUHVXQW
GHWHFWDWHLQGLFăIDSWXOFăDFHVWHDVHDÀă
vQUD]DGHIRFDOL]DUH

3 &RPSXQHĠLIRWRJUD¿D
Ɣ 3HQWUXDIDFH]RRPVDXDPăULVXELHFWXO
GHSODVDĠLEXWRQXOGH]RRPFăWUH
> @ WHOHIRWR úLvQGHSăUWDĠLVXELHFWXOFX
DMXWRUXO]RRPXOXLGHSODVkQGXOFăWUH> @
XQJKLZLGH 

26
ÌQFHUFDĠLDSDUDWXO

4 )RWRJUD¿DĠL
5HDOL]DUHDGHIRWRJUD¿L
  )RFDOL]D‫܊‬L
Ɣ $SăVDĠLXúRUEXWRQXOGHFODQúDWRUSkQăOD
MXPăWDWH$SDUDWXOYDIDFHELSGHGRXă
RULGXSăIRFDOL]DUHLDUFDGUHOH$)VXQW
D¿úDWHSHQWUXDLQGLFD]RQHOHGLQLPDJLQH
FDUHVXQWIRFDOL]DWH
Ɣ 'DFăPHVDMXO>5LGLFD‫ڏ‬LEOL‫ڏ‬XO@HVWHD¿‫ڍ‬DW
ULGLFD‫ڏ‬LEOL‫ڏ‬XOFXGHJHWXOSHQWUXDOSUHJăWL
GHXWLOL]DUH'DFăSUHIHUDĠLVăQXIRORVLĠL
EOLĠXOvPSLQJHĠLOvQMRVFXGHJHWXOvQVSUH
DSDUDW

  )RWRJUD¿D‫܊‬L
Ɣ $SăVDĠLEXWRQXOGHFODQúDWRUSkQăOD
FDSăW
Ɣ ÌQWLPSFHIRWRJUD¿DĠLVHYDDX]LVXQHWXO
EXWRQXOXLGHFODQúDWRULDUvQFRQGLĠLL
GHOXPLQR]LWDWHVFă]XWăEOLĠXOVHYD
GHFODQúDvQPRGDXWRPDW
Ɣ ğLQHĠLDSDUDWXOQHPLúFDWSkQăFkQG
VXQHWXOGHFODQúDWRUXOXLQXVHPDLDXGH
Ɣ 'XSăFHD¿‫ڍ‬D‫ڏ‬LIRWRJUD¿DDSDUDWXOYD
UHYHQLODHFUDQXOGHIRWRJUD¿HUH

27
ÌQFHUFDĠLDSDUDWXO

5HDOL]DUHDGH¿OPH
  ÌQFHSH‫܊‬L¿OPDUHD
Ɣ $SăVDĠLEXWRQXOSHQWUX¿OPDUH$SDUDWXO
YDHPLWHXQELSFkQGvQFHSHvQUHJLVWUDUHD
LDUPHVDMXO> 5HF@YDLQGLFDWLPSXOVFXUV
(1)  
Ɣ 6XQWD¿‫ڍ‬DWHEDUHQHJUHvQSDUWHDGHVXV
úLGHMRVDHFUDQXOXL‫ڍ‬LVXELHFWXOHVWH
X‫ڍ‬RUPăULW%DUHOHQHJUHLQGLFăIDSWXOFă
]RQHOHUHVSHFWLYHQXVXQWvQUHJLVWUDWH
Ɣ &DGUHOHD¿úDWHvQMXUXOIHĠHOHORUFDUHVXQW
GHWHFWDWHLQGLFăIDSWXOFăDFHVWHDVHDÀă
vQUD]DGHIRFDOL]DUH
Ɣ 'XSăFHvQFHSHvQUHJLVWUDUHDSXWHĠLVă
OXDĠLGHJHWXOGHSHEXWRQXOGH¿OPDUH

  'H¿QLWLYDUH¿OPDUH
Ɣ $SăVDĠLGLQQRXEXWRQXOGH¿OPDUHúLRSULĠL
vQUHJLVWUDUHD$SDUDWXOYDVFRDWHGRXă
ELSXULvQWLPSFH¿OPDUHDVHRSUHúWH

9L]XDOL]DUH

'XSăvQUHJLVWUDUHDGHLPDJLQLVDX¿OPHOHSXWHĠLYL]XDOL]DSHHFUDQGXSă
FXPXUPHD]ă

1 ,QWUDĠLvQPRGXO5HGDUH
Ɣ $SăVDĠLEXWRQXO> @
Ɣ 8OWLPDIRWRJUD¿HHVWHD¿úDWă

28
ÌQFHUFDĠLDSDUDWXO

2 5ăVIRLĠLLPDJLQLOH
Ɣ 3HQWUXDYHGHDLPDJLQHDDQWHULRDUă
DSăVDĠLEXWRQXO> @3HQWUXDYHGHD
XUPăWRDUHDLPDJLQHDSăVDĠLEXWRQXO> @

Ɣ 3HQWUXDDFFHVDPRGXO$¿úDUH'HUXODUH
DSăVDĠLúLĠLQHĠLDSăVDWHEXWRDQHOH> @> @
WLPSGHFHOSXĠLQRVHFXQGăÌQDFHVW
PRGDSăVDĠLEXWRDQHOH> @> @SHQWUXD
UăVIRLSULQWUHLPDJLQL
Ɣ 3HQWUXDYăvQWRDUFHODD¿úDUHDXQHL
VLQJXUHLPDJLQLDSăVDĠLEXWRQXO> @
Ɣ )LOPHOHVXQWLGHQWL¿FDWHFXDMXWRUXO
VLPEROXOXL> @3HQWUXDUHGD¿OPH
PHUJHĠLODSDVXO

3 5HGDĠL¿OPH
Ɣ $SăVDĠLEXWRQXO> @DSăVDĠLEXWRDQHOH
> @> @SHQWUXDDOHJH> @úLDSRLDSăVDĠL
EXWRQXO> @GLQQRX
Ɣ ÌQFHSHUHGDUHDLDUGXSăWHUPLQDUHD
¿OPXOXL> @HVWHD¿‫ڍ‬DW
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDUHJOD
YROXPXO

29
ÌQFHUFDĠLDSDUDWXO

Ɣ 3HQWUXDWUHFHODPRGXO)RWRJUD¿HUHGLQPRGXO5HGDUHDSăVDĠL
EXWRQXOGHFODQúDWRUSkQăODMXPăWDWH

ùWHUJHUHDLPDJLQLORU
3XWHĠLDOHJHúLúWHUJHSHUkQGLPDJLQLOHQHGRULWH$YHĠLJULMăFkQGúWHUJHĠL
LPDJLQLOHGHRDUHFHDFHVWHDQXSRW¿UHFXSHUDWH

1 $OHJHĠLRLPDJLQHSHFDUHGRULĠLVăR
úWHUJHĠL
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
RLPDJLQH

2 ùWHUJHĠLLPDJLQHD
Ɣ $SăVDĠLEXWRQXO> @
Ɣ 'XSăD¿úDUHDPHVDMXOXL>ùWHUJHUH"@
DSăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>ùWHUJHUH@LDUDSRLDSăVDĠLEXWRQXO> @
Ɣ ,PDJLQHDFXUHQWăHVWHDFXPúWHDUVă
Ɣ 3HQWUXDDQXODúWHUJHUHDDSăVDĠL
EXWRDQHOH> @> @SHQWUXDDOHJH>$QXODUH@
úLDSRLDSăVDĠLEXWRQXO> @

Ɣ 3XWHĠLVHOHFWDPDLPXOWHLPDJLQLSHQWUXúWHUJHUHGHRGDWă
(=  


Ghid avansat
1 

,QIRUPD‫܊‬LLGHED]ăGHVSUHDSDUDW
$OWHRSHUDĠLXQLGHED]ăúLPDLPXOWHPRGDOLWăĠLGHDYăEXFXUDGHDSDUDWXO
GXPQHDYRDVWUăLQFOXVLYRSĠLXQLSHQWUXIRWRJUD¿HUHúLUHGDUH


3RUQLWRSULW
0RGIRWRJUD¿HUH
Ɣ $SăVDĠLEXWRQXO3251,235,7SHQWUXD
SRUQLDSDUDWXOúLSHQWUXDYăSUHJăWLVă
IRWRJUD¿DĠL
Ɣ 3HQWUXDRSULDSDUDWXODSăVDĠLGLQQRX
EXWRQXO3251,7235,7

0RGUHGDUH
Ɣ $SăVDĠLEXWRQXO> @SHQWUXDSRUQL
DSDUDWXOúLSHQWUXDSXWHDYHGHD
IRWRJUD¿LOH
Ɣ 3HQWUXDRSULDSDUDWXODSăVDĠLGLQQRX
EXWRQXO> @

Ɣ 3HQWUXDWUHFHvQPRGXO5HGDUHGLQPRGXO)RWRJUD¿HUHDSăVDĠL
EXWRQXO> @
Ɣ 3HQWUXDWUHFHODPRGXO)RWRJUD¿HUHGLQPRGXO5HGDUHDSăVDĠL
EXWRQXOGHFODQúDWRUSkQăODMXPăWDWH =  
Ɣ 2ELHFWLYXOYD¿UHWUDVGXSăDSUR[LPDWLYXQPLQXWLPHGLDWFH
DSDUDWXOVHDÀăvQPRGXO5HGDUH3XWHĠLRSULDSDUDWXODWXQFLFkQG
RELHFWLYXOHVWHUHWUDVDSăVkQGEXWRQXO> @

32
3RUQLWRSULW

)XQFĠLLGHHFRQRPLVLUHDHQHUJLHL 2SULUHDXWRPDWă

3HQWUXDHFRQRPLVLEDWHULDDSDUDWXOYDGH]DFWLYDvQPRGDXWRPDW
HFUDQXO $¿‫ڍ‬DMRSULW úLDSRLVHYDRSULVLQJXUGXSăRDQXPLWăSHULRDGăGH
LQDFWLYLWDWH

(FRQRPLVLUHDHQHUJLHLvQPRGXO)RWRJUD¿HUH
(FUDQXOHVWHGH]DFWLYDWvQPRGDXWRPDWGXSăDSUR[LPDWLYXQPLQXWGH
LQDFWLYLWDWH3HVWHDSUR[LPDWLYGRXăPLQXWHRELHFWLYXOHVWHUHWUDVLDU
DSDUDWXOVHRSUHúWH3HQWUXDDFWLYDHFUDQXOúLSHQWUXDYăSUHJăWLGH
IRWRJUD¿HUHFkQGHFUDQXOHVWHRSULWGDURELHFWLYXOHVWHvQFăDIDUăDSăVDĠL
EXWRQXOGHFODQúDWRUSkQăODMXPăWDWH =  

(FRQRPLVLUHDHQHUJLHLvQPRGXO5HGDUH
$SDUDWXOVHYDRSULDXWRPDWGXSăDSUR[LPDWLYFLQFLPLQXWHGHLQDFWLYLWDWH

Ɣ 3XWH‫ڏ‬LGH]DFWLYDRSULUHDDXWRPDWăDDSDUDWXOXLúLPRGL¿FDWLPSXO
SkQăVHRSUH‫ڍ‬WHHFUDQXOGXSăFXPGRULĠL =  
Ɣ 2SULUHDDXWRPDWăQXHVWHDFWLYăFkQGDSDUDWXOHVWHFRQHFWDWOD
XQFDOFXODWRU =  

33
%XWRQGHFODQúDWRU
3HQWUXDYăDVLJXUDFăIRWRJUD¿LOHVXQWFODUHvQFHSH‫ڏ‬LvQWRWGHDXQDSULQ
DSăVDUHDEXWRQXOGHFODQúDWRUSkQăODMXPăWDWH‫ڍ‬LLPHGLDWFHVXELHFWXO
VHDÀăvQUD]DGHIRFDOL]DUHDSăVDĠLEXWRQXOSkQăODFDSăWSHQWUXD
IRWRJUD¿D
ÌQDFHVWPDQXDORSHUDĠLLOHDIHUHQWHEXWRQXOXLGHFODQúDWRUVXQWGHVFULVH
DSăVkQGEXWRQXOSkQăODMXPăWDWH sau SkQăODFDSăW

1 $SăVDĠLSkQăODMXPăWDWH $SăVDĠL
XúRUSHQWUXDIRFDOL]D
Ɣ $SăVDĠLEXWRQXOGHFODQúDWRUSkQăOD
MXPăWDWH$SDUDWXOYDVFRDWHGRXăELSXUL
LDUFDGUHOH$)VXQWD¿úDWHvQMXUXO]RQHORU
DÀDWHvQUD]DGHIRFDOL]DUH

2 $SăVDĠLSkQăODFDSăW 'LQSR]LĠLD
GHDSăVDUHSkQăODMXPăWDWHDSăVDĠL
SkQăODFDSăWSHQWUXDIRWRJUD¿D
Ɣ $SDUDWXOYDvQFHSHVăIDFăIRWRJUD¿LFkQG
DX]LĠLVXQHWXOGHFODQúDWRUXOXL
Ɣ ğLQHĠLDSDUDWXOQHPLúFDWSkQăFkQG
VXQHWXOGHFODQúDWRUXOXLQXVHPDLDXGH

Ɣ ,PDJLQLOHSRW¿QHIRFDOL]DWHGDFăIRWRJUD¿DĠLIăUăDDSăVDPDL
vQWkLSHEXWRQXOGHFODQúDWRUSkQăODMXPăWDWH
Ɣ 'XUDWDUHGăULLVXQHWXOXLREWXUDWRUXOXLYDULD]ăvQIXQFĠLHGHWLPSXO
QHFHVDUSHQWUXIRWRJUD¿HUH(VWHSRVLELOVăGXUH]HPDLPXOWvQ
FD]XOXQRUVFHQHGHIRWRJUD¿HUHLDULPDJLQLOHYRU¿QHFODUHGDFă
PLúFDĠLDSDUDWXO VDXGDFăVXELHFWXOVHPLúFă vQDLQWHGHRSULUHD
VXQHWXOXLGHFODQúDWRUXOXL

34
2SĠLXQLD¿úDUHIRWRJUD¿H
$SăVDĠLEXWRQXO> @SHQWUXDYHGHDDOWHLQIRUPDĠLLSHHFUDQVDXSHQWUX
DDVFXQGHLQIRUPDĠLLOH3HQWUXPDLPXOWHGHWDOLLGHVSUHLQIRUPDĠLLOHD¿úDWH
FRQVXOWDĠL³,QIRUPDĠLLSHHFUDQ´ =  

,QIRUPDĠLLOHVXQWD¿úDWH

1LFLRLQIRUPDĠLHQXHVWHD¿úDWă

Ɣ /XPLQR]LWDWHDHFUDQXOXLFUHúWHDXWRPDWFXDMXWRUXOIXQFĠLHLGH
D¿úDMQRFWXUQDWXQFLFkQGIRWRJUD¿DĠLvQFRQGLĠLLGHOXPLQR]LWDWH
VFă]XWăLDUGXPQHDYRDVWUăYHĠLSXWHDUHDOL]DPDLXúRU
FRPSXQHUHDIRWRJUD¿LORU7RWXúLHVWHSRVLELOFDOXPLQR]LWDWHD
LPDJLQLORUGHSHHFUDQVăQX¿HDFHHDúLFXOXPLQR]LWDWHDGLQ
IRWRJUD¿LOHGXPQHDYRDVWUă‫ڎ‬LQHĠLFRQWFăQLFLRGLVWRUVLRQDUH
GHLPDJLQHVDXPLúFDUHQHFODUăDXQXLVXELHFWQXYRUDIHFWD
LPDJLQLOHvQUHJLVWUDWH
Ɣ 3HQWUXRSĠLXQLGHD¿úDUHUHGDUHFRQVXOWD‫ڏ‬L³&RPXWDĠLPRGXULOHGH
D¿úDUH´ =  

35
8WLOL]DUHDPHQLXOXL)81&
&RQ¿JXUDĠLIXQFĠLLOHGHIRWRJUD¿HUHIRORVLWHvQPRGRELúQXLWFXDMXWRUXO
PHQLXOXL)81&GXSăFXPXUPHD]ă
1XXLWDĠLFăDUWLFROHOHGHPHQLXúLRSĠLXQLOHYDULD]ăvQIXQFĠLHGHPRGXOGH
IRWRJUD¿HUH =  VDXPRGXOGHUHGDUH =  

1 $FFHVDĠLPHQLXO)81&
Ɣ $SăVDĠLEXWRQXO> @

2 $OHJHĠLXQDUWLFROGLQPHQLX
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
XQDUWLFROGLQPHQLX  úLDSRLDSăVDĠL
EXWRQXO> @VDX> @
Ɣ 2SĠLXQLGLVSRQLELOH  VXQWOLVWDWHOkQJă
DUWLFROHOHGLQPHQLXvQSDUWHDGUHDSWă
(2) Ɣ ÌQIXQF‫ڏ‬LHGHDUWLFROHGLQPHQLXIXQFĠLLOH
(1) SRW¿VSHFL¿FDWHSULQVLPSODDSăVDUHD
EXWRDQHORU> @VDX> @VDXXQDOWHFUDQ
YD¿D¿úDWSHQWUXFRQ¿JXUDUHDIXQFĠLHL

3 6HOHFWDĠLRRSĠLXQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
RRSĠLXQH
Ɣ 2SĠLXQLOHHWLFKHWDWHFXVLPEROXO> @
SRW¿FRQ¿JXUDWHSULQDSăVDUHDEXWRQXOXL
> @
Ɣ 3HQWUXDUHYHQLODDUWLFROHOHGLQPHQLX
DSăVDĠLEXWRQXO> @

36
8WLOL]DUHDPHQLXOXL)81&

4 )LQDOL]DĠLSURFHVXOGHVHWDUH
Ɣ $SăVDĠLEXWRQXO> @
Ɣ (FUDQXODSăUXWvQDLQWHVăDSăVDĠL
EXWRQXO> @GHODSDVXOHVWHD¿úDW
GLQQRXLQGLFkQGRSĠLXQHDSHFDUHDĠL
FRQ¿JXUDWR

Ɣ 3HQWUXDDQXODRVHWDUHDFFLGHQWDOăSXWHĠLUHYHQLODVHWăULOH
LPSOLFLWHDOHDSDUDWXOXL =  

37
8WLOL]DUHDHFUDQXOXLSHQWUXPHQLX
&RQ¿JXUDĠLRPXOWLWXGLQHGHIXQFĠLLFXDMXWRUXOHFUDQXOXLSHQWUXPHQLX
GXSăFXPXUPHD]ă$UWLFROHOHGHPHQLXVXQWJUXSDWHvQIXQFĠLHGH
XWLOLWDWHDDFHVWRUDvQWDEXULSUHFXPIRWRJUD¿HUH> @UHGDUH> @‫ڍ‬LD‫ڍ‬D
PDLGHSDUWH$WHQĠLHVHWăULOHGLVSRQLELOHYDULD]ăvQIXQFĠLHGHPRGXOGH
IRWRJUD¿HUHVHOHFWDWVDXGHPRGXOGHUHGDUH = ±=  

1 $FFHVDĠLHFUDQXOPHQLXOXL
Ɣ $SăVDĠLEXWRQXO> @

2 $OHJHĠLXQWDE
Ɣ 'HSODVDĠLEXWRQXOGH]RRPSHQWUXDDOHJH
WDEXO
Ɣ 'XSăFHD‫ڏ‬LDSăVDWEXWRDQHOH> @> @
SHQWUXDDOHJHXQWDELQL‫ڏ‬LDOSXWH‫ڏ‬LWUHFH
GHODXQWDEODDOWXODSăVkQGEXWRDQHOH
> @> @

3 $OHJHĠLXQDUWLFROGLQPHQLX
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
XQDUWLFROGLQPHQLX
Ɣ 3HQWUXDUWLFROHOHGHPHQLXFXRS‫ڏ‬LXQL
QHD¿‫ڍ‬DWHPDLvQWkLDSăVD‫ڏ‬LEXWRQXO> @
VDX> @SHQWUXDWUHFHGHODXQHFUDQOD
DOWXO‫ڍ‬LDSRLDSăVD‫ڏ‬LEXWRDQHOH> @> @
SHQWUXDVHOHFWDDUWLFROXOGLQPHQLX
Ɣ 3HQWUXDUHYHQLODHFUDQXODQWHULRU
DSăVDĠLEXWRQXO> @

38
8WLOL]DUHDHFUDQXOXLSHQWUXPHQLX

4 6HOHFWDĠLRRSĠLXQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
RRSĠLXQH

5 )LQDOL]DĠLSURFHVXOGHVHWDUH
Ɣ $SăVDĠLEXWRQXO> @SHQWUXDUHYHQL
ODHFUDQXOD¿úDWvQDLQWHGHDDSăVD
EXWRQXO> @GHODSDVXO

Ɣ 3HQWUXDDQXODRVHWDUHDFFLGHQWDOăSXWHĠLUHYHQLODVHWăULOH
LPSOLFLWHDOHDSDUDWXOXL =  

39
$¿úDUHLQGLFDWRU
,QGLFDWRUXOGLQVSDWHOHDSDUDWXOXL =  VHYDDSULQGHVDXYDFOLSLvQ
IXQFĠLHGHVWDWXVXODSDUDWXOXL
Status
&XORDUH 6WDWXVDSDUDW
LQGLFDWRU
/DFRQHFWDUHDODXQFDOFXODWRU =  VDX
3RUQLW
D¿‫ڍ‬DMRSULW = 33, = 
9HUGH 3RUQLUHvQUHJLVWUDUHFLWLUHWUDQVPLWHUHGH
&OLSLUH LPDJLQLVDXIRWRJUD¿HUHFXH[SXQHULOXQJL
(= 

Ɣ &kQGLQGLFDWRUXOYHUGHFOLSHúWHQXSRUQLĠLDSDUDWXOQXGHVFKLGHĠL
FDSDFXOGHODFDUGXOGHPHPRULHEDWHULHúLQXVFXWXUDĠLDSDUDWXO
GHRDUHFHSXWHĠLFRPSURPLWHLPDJLQLOHVDXSXWHĠLGHWHULRUD
DSDUDWXOVDXFDUGXOGHPHPRULH


&HDV
3XWHĠLYHUL¿FDRUDFXUHQWă
Ɣ $SăVDĠLúLĠLQHĠLDSăVDWEXWRQXO> @
Ɣ 2UDFXUHQWăYD¿D¿úDWă
Ɣ 'DFăĠLQHĠLDSDUDWXOvQSR]LĠLHYHUWLFDOă
vQWLPSFHIRORVLĠLIXQFĠLDSHQWUXFHDV
DFHVWDYDD¿úDLPDJLQLOHvQSR]LĠLH
YHUWLFDOă$SăVDĠLEXWRDQHOH> @> @SHQWUX
DVFKLPEDFXORDUHDD¿úDMXOXL
Ɣ $SăVDĠLEXWRQXO> @GLQQRXSHQWUXD
DQXODD¿úDUHDFHDVXOXL

Ɣ &kQGDSDUDWXOHVWHRSULWDSăVDĠLúLĠLQHĠLDSăVDWEXWRQXO> @DSRL
DSăVDĠLEXWRQXOGHSRUQLUHSHQWUXD¿úDUHDFHDVXOXL


42
2 

0RG$XWR
8QPRGFRQYHQDELOSHQWUXUHDOL]DUHDGHIRWRJUD¿LIDFLODYkQGXQFRQWURO
PDLEXQDVXSUDPRGXOXLGHIRWRJUD¿HUH

43
)RWRJUD¿HUHFXVHWăULVWDELOLWHGH
DSDUDW
3HQWUXVHOHFWDUHDWRWDOăúLDXWRPDWăDVHWăULORURSWLPHSHQWUXDQXPLWH
VFHQHQXWUHEXLHGHFkWVăOăVDĠLDSDUDWXOVăVWDELOHDVFăVXELHFWXOúL
FRQGLĠLLOHGHIRWRJUD¿HUH

)RWRJUD¿HUH 6PDUW$XWR

)RWRJUDILL )LOPH

1 3RUQLĠLDSDUDWXO
Ɣ $SăVDĠLEXWRQXO3251,7235,7
Ɣ (FUDQXOGHSRUQLUHHVWHD¿úDW

2 ,QWUD‫܊‬LvQPRGXO> @
Ɣ $SăVD‫ڏ‬LEXWRQXO> @GHPDLPXOWHRUL
SkQăHVWHD¿‫ڍ‬DW> @
Ɣ ÌQGUHSWDĠLDSDUDWXOFăWUHXQVXELHFW
$SDUDWXOYDVFRDWHXQVXQHWGLVFUHWvQ
WLPSFHVWDELOHúWHVFHQD
Ɣ 6LPEROXULOHFDUHUHSUH]LQWăPRGXO
VFHQHúLPRGXOGHVWDELOL]DUHLPDJLQH
VXQWD¿úDWHvQSDUWHDGHVXVGUHDSWDD
HFUDQXOXL = 49, =  
Ɣ &DGUHOHD¿úDWHvQMXUXOIHĠHOHORUFDUHVXQW
GHWHFWDWHLQGLFăIDSWXOFăDFHVWHDVHDÀă
vQUD]DGHIRFDOL]DUH

44
)RWRJUD¿HUHFXVHWăULVWDELOLWHGHDSDUDW

3 &RPSXQHĠLIRWRJUD¿D
Ɣ 3HQWUXDIDFH]RRPVDXDPăULVXELHFWXO
GHSODVDĠLEXWRQXOGH]RRPFăWUH
> @ WHOHIRWR úLvQGHSăUWDĠLVXELHFWXOFX
DMXWRUXO]RRPXOXLGHSODVkQGXOFăWUH> @
(1) XQJKLZLGH  %DUD]RRP  FDUHLQGLFă
SR]LĠLD]RRPXOXLHVWHD¿úDWă
Ɣ 3HQWUXDIDFH]RRPLQVDXRXWUDSLG
PLúFDĠLEXWRQXO]RRPSkQăODFDSăWFăWUH
> @ WHOH VDX> @ ZLGH úLSHQWUXD
IDFH]RRPLQVDXRXWvQFHWPXWDĠLEXWRQXO
SXĠLQvQGLUHFĠLDGRULWă

4 )RWRJUD¿DĠL
5HDOL]DUHDGHIRWRJUD¿L
  )RFDOL]D‫܊‬L
Ɣ $SăVDĠLEXWRQXOGHFODQúDWRUSkQăOD
MXPăWDWH$SDUDWXOYDIDFHELSGHGRXă
RULGXSăIRFDOL]DUHLDUFDGUHOH$)VXQW
D¿úDWHSHQWUXDLQGLFD]RQHOHGLQLPDJLQH
FDUHVXQWIRFDOL]DWH
Ɣ 'LYHUVHFDGUH$)VXQWD¿úDWHDWXQFL
FkQGPDLPXOWH]RQHVHDÀăvQUD]DGH
IRFDOL]DUH

Ɣ 'DFăPHVDMXO>5LGLFD‫ڏ‬LEOL‫ڏ‬XO@HVWHD¿‫ڍ‬DW
ULGLFD‫ڏ‬LEOL‫ڏ‬XOFXGHJHWXOSHQWUXDOSUHJăWL
GHXWLOL]DUH'DFăSUHIHUDĠLVăQXIRORVLĠL
EOLĠXOvPSLQJHĠLOvQMRVFXGHJHWXOvQVSUH
DSDUDW

45
)RWRJUD¿HUHFXVHWăULVWDELOLWHGHDSDUDW

  )RWRJUD¿D‫܊‬L
Ɣ $SăVDĠLEXWRQXOGHFODQúDWRUSkQăODFDSăW
Ɣ ÌQWLPSFHIRWRJUD¿DĠLVHYDDX]LVXQHWXO
EXWRQXOXLGHFODQúDWRULDUvQFRQGLĠLL
GHOXPLQR]LWDWHVFă]XWăEOLĠXOVHYD
GHFODQúDvQPRGDXWRPDW
Ɣ ğLQHĠLDSDUDWXOQHPLúFDWSkQăFkQG
VXQHWXOGHFODQúDWRUXOXLQXVHPDLDXGH
Ɣ 'XSăFHD¿‫ڍ‬D‫ڏ‬LIRWRJUD¿DDSDUDWXOYD
UHYHQLODHFUDQXOGHIRWRJUD¿HUH

5HDOL]DUHDGH¿OPH
  ÌQFHSH‫܊‬L¿OPDUHD
Ɣ $SăVDĠLEXWRQXOSHQWUX¿OPDUH$SDUDWXOYD
HPLWHXQELSFkQGvQFHSHvQUHJLVWUDUHDLDU
PHVDMXO> 5HF@YDLQGLFDWLPSXOVFXUV  
(1)
Ɣ 6XQWD¿‫ڍ‬DWHEDUHQHJUHvQSDUWHDGHVXV
úLGHMRVDHFUDQXOXL‫ڍ‬LVXELHFWXOHVWH
X‫ڍ‬RUPăULW%DUHOHQHJUHLQGLFăIDSWXOFă
]RQHOHUHVSHFWLYHQXVXQWvQUHJLVWUDWH
Ɣ &DGUHOHD¿úDWHvQMXUXOIHĠHOHORUFDUHVXQW
GHWHFWDWHLQGLFăIDSWXOFăDFHVWHDVHDÀă
vQUD]DGHIRFDOL]DUH
Ɣ 'XSăFHvQFHSHvQUHJLVWUDUHDSXWHĠLVă
OXDĠLGHJHWXOGHSHEXWRQXOGH¿OPDUH
  5HGLPHQVLRQDĠLVXELHFWXOúL
UHFRPSXQHĠLFDGUXOGXSăFXPGRULĠL
Ɣ 3HQWUXDUHGLPHQVLRQDVXELHFWXOSURFHGDĠL
ODIHOFDODSDVXO
7RWXúLVXQHWXOUHDOL]DWGHIXQFĠLRQDUHD
DSDUDWXOXLYD¿vQUHJLVWUDW7RWXúLQRWDĠLFă
¿OPHOHUHDOL]DWHFXYDORULOHGH]RRPD¿úDWH
FXDOEDVWUXYRUDYHDDVSHFWJUDQXODW
Ɣ $WXQFLFkQGUHFRPSXQHĠLIRWRJUD¿LOH
IRFDOL]DUHDOXPLQR]LWDWHDúLFXORULOHYRU¿
UHJODWHvQPRGDXWRPDW
46
)RWRJUD¿HUHFXVHWăULVWDELOLWHGHDSDUDW

  'H¿QLWLYDUH¿OPDUH
Ɣ $SăVDĠLGLQQRXEXWRQXOGH¿OPDUHúLRSULĠL
vQUHJLVWUDUHD$SDUDWXOYDVFRDWHGRXă
ELSXULvQWLPSFH¿OPDUHDVHRSUHúWH
Ɣ ÌQUHJLVWUDUHDVHYDRSULvQPRGDXWRPDW
DWXQFLFkQGFDUGXOGHPHPRULHHVWHSOLQ

)RWRJUD¿L)LOPH

Ɣ 'DFăDSDUDWXOHVWHSRUQLWvQWLPSFH‫ڏ‬LQH‫ڏ‬LDSăVDWEXWRQXO
> @VXQHWHOHYRU¿GH]DFWLYDWH3HQWUXDDFWLYDVXQHWHOHGLQ
QRXDSăVD‫ڏ‬LEXWRQXO> @‫ڍ‬LDOHJH‫ڏ‬L>0XWH@GLQWDEXO> @‫ڍ‬L
DSRLDSăVD‫ڏ‬LEXWRDQHOH> @> @SHQWUXDDOHJH>2SULW@

)RWRJUD¿L

Ɣ 8QVLPEROLQWHUPLWHQW> @YăYDDYHUWL]DFăHVWHIRDUWHSUREDELO
FDLPDJLQLOHVă¿HGLVWRUVLRQDWHGLQFDX]DWUHPXUXOXLDSDUDWXOXL
ÌQDFHVWFD]DúH]DĠLDSDUDWXOSHXQWUHSLHGVDXOXDĠLDOWHPăVXUL
SHQWUXDOPHQĠLQHQHPLúFDW
Ɣ 'DFăIRWRJUD¿LOHVXQWvQWXQHFDWHGHúLEOLĠXOVHGHFODQúHD]ă
DSURSLDĠLYăPDLPXOWGHVXELHFW3HQWUXGHWDOLLUHIHULWRDUHODUD]D
EOLĠXOXLFRQVXOWDĠL³,QWHUYDOEOLĠ´ =  
Ɣ (VWHSRVLELOFDVXELHFWXOVă¿HSUHDDSURDSHGDFăDSDUDWXOHPLWH
XQVLQJXUELSDWXQFLFkQGEXWRQXOGHFODQúDWRUHVWHDSăVDWSkQăOD
MXPăWDWH3HQWUXPDLPXOWHGHWDOLLGHVSUHLQWHUYDOXOGHIRFDOL]DUH
LQWHUYDOIRWRJUD¿HUH YH]L³,QWHUYDOGHIRWRJUD¿HUH´ =  
Ɣ 3HQWUXDUHGXFHHIHFWXOGHRFKLURúLLúLSHQWUXDDMXWDIRFDOL]DUHD
OXPLQDSRDWH¿DFWLYDWăFkQGIRWRJUD¿DĠLvQFRQGLĠLLGHOXPLQR]LWDWH
VFă]XWă
Ɣ 6LPEROXO> @FDUHFOLSH‫ڍ‬WHD¿‫ڍ‬DWFkQGvQFHUFDĠLVăIRWRJUD¿DĠLLQGLFă
IDSWXOFăQXSXWHĠLIDFHIRWRJUD¿LSkQăFkQGEOLĠXOQXHVWHvQFăUFDW
FRPSOHW3XWHĠLIRWRJUD¿DGLQQRXLPHGLDWFHEOLĠXOHVWHSUHJăWLW
GHFLDSăVDĠLEXWRQXOGHFODQúDWRUSkQăODFDSăWVDXGDĠLLGUXPXOúL
DSăVDĠLOGLQQRX
Ɣ 'H‫ڍ‬LSXWH‫ڏ‬LIRWRJUD¿DGLQQRXvQDLQWHGHD¿D¿‫ڍ‬DWHFUDQXOGH
IRWRJUD¿HUHHVWHSRVLELOFDIRFDOL]DUHDOXPLQR]LWDWHD‫ڍ‬LFXORULOHVă
¿HGHWHUPLQDWHGHIRWRJUD¿DDQWHULRDUă

47
)RWRJUD¿HUHFXVHWăULVWDELOLWHGHDSDUDW

Ɣ 3XWH‫ڏ‬LPRGL¿FDGXUDWDGHD¿‫ڍ‬DUHDLPDJLQLORUGXSăFHIRWRJUD¿D‫ڏ‬L
(=  

)LOPH

Ɣ ÌQDLQWHGHDUHDOL]DXQ¿OPFRERUkĠLEOLĠXOFXGHJHWXO$YHĠLJULMă
VăQXDWLQJHĠLPLFURIRQXO  FkQG¿OPDĠL'DFăOăVDĠLEOLĠXOULGLFDW
VDXGDFăEORFDĠLPLFURIRQXOHVWHSRVLELOFDVXQHWXOVăQXVH
vQUHJLVWUH]HVDXHVWHSRVLELOFDDFHVWDVă¿HvQUHJLVWUDWQHFODU

(1)

Ɣ (YLWDĠLDWLQJHUHDDOWRUFRPHQ]LDOHDSDUDWXOXLvQDIDUăGHEXWRQXO
GH¿OPDUHDWXQFLFkQG¿OPDĠLGHRDUHFHVXQHWHOHHPLVHGHDSDUDW
YRU¿vQUHJLVWUDWH
Ɣ 'XSăvQFHSHUHD¿OPăULL]RQDD¿úDWăDLPDJLQLLVHVFKLPEăúL
VXELHFWHOHVXQWPăULWHSHQWUXDSHUPLWHFRUHFWDUHDPLúFăULORU
DSDUDWXOXL3HQWUXDFDSWXUDVXELHF‫ڏ‬LLODDFHHD‫ڍ‬LGLPHQVLXQHFD
FHDGHGLQDLQWHPRGL¿FD‫ڏ‬LVHWDUHDGHVWDELOL]DUH =  

Ɣ ÌQUHJLVWUDUHDDXGLRHVWHPRQRDXUDOă

48
)RWRJUD¿HUHFXVHWăULVWDELOLWHGHDSDUDW

6LPEROXULVFHQH

)RWRJUDILL )LOPH
ÌQPRGXO> @VFHQHOHVWDELOLWHGHDSDUDWVXQWLQGLFDWHGHVLPEROXO
D¿úDWúLVHWăULOHFRUHVSXQ]ăWRDUHVXQWVHOHFWDWHDXWRPDWSHQWUXIRFDOL]DUH
DXWRPDWăOXPLQR]LWDWHDVXELHFWXOXLúLFXORDUH
&kQGIRWRJUD¿DĠLRDPHQL
&XORDUHD
)XQGDO În 8PEUHSH de fundal a
2DPHQL VLPEROXOXL
PLúFDUH  IDĠă 

/XPLQRV
/XPLQDWGLQVSDWH *UL
±
VDXFXUHÀH[LL
&XFHUDOEDVWUX
$OEDVWUX
&HUDOEDVWUXúL ± GHVFKLV
OXPLQDWGLQVSDWH
5HÀHFWRDUH
ÌQWXQHFDW $OEDVWUX
ÌQWXQHFDW vQFKLV
2 ± ±
IRORVLQGWUHSLHG

&kQGIRWRJUD¿DĠLDOĠLVXELHFĠL
&XORDUHD
)XQGDO Alte În În de fundal a
VXELHFWH PLúFDUH  DSURSLHUH VLPEROXOXL

/XPLQRV
/XPLQDWGLQVSDWH *UL
VDXFXUHÀH[LL
&XFHUDOEDVWUX
$OEDVWUX
&HUDOEDVWUXúL GHVFKLV
OXPLQDWGLQVSDWH
$SXV ± 3RUWRFDOLX

49
)RWRJUD¿HUHFXVHWăULVWDELOLWHGHDSDUDW

&kQGIRWRJUD¿DĠLDOĠLVXELHFĠL
&XORDUHD
)XQGDO Alte În În de fundal a
VXELHFWH PLúFDUH  DSURSLHUH VLPEROXOXL

5HÀHFWRDUH
ÌQWXQHFDW $OEDVWUX
ÌQWXQHFDW vQFKLV
2 ± ±
IRORVLQGWUHSLHG

 1XVHD¿úHD]ăSHQWUX¿OPH
 $¿úDWvQVFHQHvQWXQHFDWHFkQGDSDUDWXOHVWHĠLQXWQHPLúFDWFDúLFXPDU¿
DúH]DWSHXQWUHSLHG

Ɣ ÌQFHUFDĠLVăIRWRJUD¿DĠLvQPRGXO> @ =  GDFăVLPEROXO
VFHQHLQXVHSRWULYHúWHFXFRQGLĠLLOHGHIRWRJUD¿HUHHIHFWLYHVDX
GDFăQXSXWHĠLIRWRJUD¿DFXHIHFWHOHFXORULOHVDXOXPLQR]LWDWHDSH
FDUHOHGRULĠL


)RWRJUD¿HUHFXVHWăULVWDELOLWHGHDSDUDW

6LPEROXULSHQWUXVWDELOL]DUHDLPDJLQLL

)RWRJUDILL )LOPH
6WDELOL]DUHDRSWLPăDLPDJLQLORUSHQWUXFRQGLĠLOHGHIRWRJUD¿HUHHVWH
DFWLYDWăvQPRGDXWRPDW ,6LQWHOLJHQW ÌQSOXVXUPăWRDUHOHVLPEROXULVXQW
D¿úDWHvQPRGXO> @
6WDELOL]DUHDLPDJLQLLSHQWUXIRWRJUD¿L 1RUPDO
6WDELOL]DUHDLPDJLQLLSHQWUXIRWRJUD¿LFkQGIDFHĠLSDQQLQJ
3DQQLQJ
6WDELOL]DUHDLPDJLQLLSHQWUXIRWRJUD¿LPDFURÌQWLPSXO¿OPăULL> @
HVWHD¿úDWúLHVWHIRORVLWăVWDELOL]DUHDLPDJLQLLSHQWUX¿OPDUHD
PDFUR ,6KLEULG 
6WDELOL]DUHDLPDJLQLLSHQWUX¿OPHFXHIHFWGHUHGXFHUHD
WUHPXUXOXLDSDUDWXOXLVSUHH[HPSOXDWXQFLFkQG¿OPDĠLvQWLPSFH
YăGHSODVDĠL GLQDPLF
6WDELOL]DUHDLPDJLQLLSHQWUXWUHPXUVXEWLODODSDUDWXOXLGH
H[HPSOXDWXQFLFkQG¿OPDĠLFXWHOHIRWR 3RZHUHG
)ăUăVWDELOL]DUHDLPDJLQLLGHRDUHFHDSDUDWXOHVWHPRQWDWSHXQ
WUHSLHGVDXĠLQXWQHPLúFDWSULQDOWHPLMORDFH2ULFXPvQWLPSXO
¿OPăULL> @HVWHD¿úDWúLHVWHIRORVLWăVWDELOL]DUHDLPDJLQLLSHQWUX
DFRQWUDFDUHYLEUDĠLLOHSURGXVHGHYkQWVDXDOWHVXUVHGHYLEUDĠLL
,6WUHSLHG 

 $¿úDWFkQGIDFHĠLSDQQLQJXUPăULQGVXELHFWHOHvQPLúFDUHFXDSDUDWXO&kQG
XUPăULĠLVXELHFWHFDUHVHGHSODVHD]ăSHRUL]RQWDOăVWDELOL]DUHDLPDJLQLLUHGXFH
GRDUWUHPXUXOYHUWLFDODODSDUDWXOXLLDUVWDELOL]DUHDRUL]RQWDOăVHRSUHúWHÌQPRG
VLPLODUFkQGXUPăULĠLVXELHFWHOHFDUHVHGHSODVHD]ăSHYHUWLFDOăVWDELOL]DUHD
LPDJLQLLUHGXFHGRDUWUHPXUXORUL]RQWDODODSDUDWXOXL

Ɣ 3HQWUXDDQXODVWDELOL]DUHDLPDJLQLLVHWDĠL>0RG,6@OD>2SULW@
(=  ÌQDFHVWFD]VLPEROXO,6QXYD¿D¿úDW


)RWRJUD¿HUHFXVHWăULVWDELOLWHGHDSDUDW

&DGUHSHHFUDQ

)RWRJUDILL )LOPH
0DLPXOWHFDGUHYRU¿D¿úDWHGHvQGDWăFHDSDUDWXOGHWHFWHD]ăVXELHFWHOH
FăWUHFDUHDĠLvQGUHSWDWDSDUDWXO
Ɣ 8QFDGUXDOEDSDUHvQMXUXOVXELHFWXOXL VDXDOIHĠHLXQHLSHUVRDQH 
SHFDUHDSDUDWXOvOVWDELOHúWHFD¿LQGVXELHFWXOSULQFLSDOLDUFDGUHOHGH
FXORDUHJULVXQWD¿úDWHvQMXUXODOWRUIHĠHGHWHFWDWH&DGUHOHXUPHD]ă
VXELHFWHOHvQPLúFDUHDÀDWHODRDQXPLWăGLVWDQĠăSHQWUXDOHSăVWUDvQ
UD]DGHIRFDOL]DUH7RWXúLGDFăDSDUDWXOGHWHFWHD]ăGHSODVDUHDXQXL
VXELHFWGRDUFDGUXODOEYDUăPkQHSHHFUDQ
Ɣ $WXQFLFkQGDSăVDĠLEXWRQXOGHFODQúDWRUSkQăODFDSăWLDUDSDUDWXO
GHWHFWHD]ăGHSODVDUHDXQXLVXELHFWXQFDGUXDOEDVWUXYD¿D¿úDWLDU
IRFDOL]DUHDúLOXPLQR]LWDWHDLPDJLQLLVXQWUHJODWHFRQVWDQW 6HUYR$) 

Ɣ ÌQFHUFDĠLVăIRWRJUD¿DĠLvQPRGXO> @ =  GDFăQXHVWH
D¿úDWQLFLXQFDGUXvQFD]XOvQFDUHFDGUHOHQXVXQWD¿úDWHvQMXUXO
VXELHFWHORUGRULWHVDXvQFD]XOvQFDUHFDGUHOHVXQWD¿úDWHSH
IXQGDOVDXvQ]RQHOHVLPLODUH

52
&DUDFWHULVWLFLFRPXQHX]XDOH
)RWRJUDILL )LOPH

)RFDOL]DUHFkWPDLDSURDSHSHVXELHFWH =RRPGLJLWDO

$WXQFLFkQGVXELHFWHOHVXQWSUHDGHSDUWHSHQWUXDPăULIRORVLQG]RRPXO
RSWLFIRORVLĠL]RRPXOGLJLWDOSHQWUXDPăULSkQăODDSUR[LPDWLY[

1 'HSODVDĠLEXWRQXOGH]RRPFăWUH> @
Ɣ ğLQHĠLDSăVDWEXWRQXOSkQăODRSULUHD
]RRPXOXL
Ɣ =RRPXOVHRSUHúWHDWXQFLFkQGHVWH
DWLQVăFHDPDLPDUHYDORDUHSRVLELOă
vQDLQWHFDLPDJLQHDVăGHYLQă
JUDQXODWă FDUHHVWHDWXQFLLQGLFDWăSH
HFUDQ

(1) 2 'HSODVDĠLGLQQRXEXWRQXOGH]RRP
FăWUH> @
Ɣ =RRPXOYDDSURSLDúLPDLPXOWVXELHFWXO
Ɣ  HVWHIDFWRUXOGH]RRPDFWXDO

Ɣ 'DFăGHSODVDĠLEXWRQXOGH]RRPEDUDGH]RRPYD¿D¿úDWă FDUH
LQGLFăSR]LĠLD]RRPXOXL &XORDUHDEDUHLGH]RRPVHYDVFKLPED
vQIXQFĠLHGHLQWHUYDOXOGH]RRP
 ,QWHUYDODOEGLVWDQĠă]RRPRSWLFFkQGLPDJLQHDQXDSDUHJUDQXODWă
 ,QWHUYDOJDOEHQGLVWDQĠă]RRPGLJLWDOFkQGLPDJLQHDQXHVWH
JUDQXODWăvQPRGHYLGHQW =RRP3OXV 
 ,QWHUYDODOEDVWUXGLVWDQĠă]RRPGLJLWDOFkQGLPDJLQHDDSDUH
JUDQXODWă
Ɣ 'HRDUHFHLQWHUYDOXODOEDVWUXQXHVWHGLVSRQLELOODDQXPLWHVHWăUL
GHUH]ROXĠLH =  SXWHĠLREĠLQH]RRPPD[LPXUPkQGSDVXO

53
&DUDFWHULVWLFLFRPXQHX]XDOH

Ɣ 3HQWUXDGH]DFWLYD]RRPXOGLJLWDODOHJHĠL0(18 =  ŹWDE
> @Ź>=RRP'LJLWDO@Ź>2SULW@

8WLOL]DUHDDXWRGHFODQ‫܈‬DWRUXOXL

)RWRJUDILL )LOPH
&XDMXWRUXODXWRGHFODQúDWRUXOXLSXWHĠLVăDSăUHĠLúLGXPQHDYRDVWUă
vQIRWRJUD¿LOHGHJUXSVDXvQDOWHIRWRJUD¿LIăFXWHFXDXWRGHFODQúDUH
$SDUDWXOYDIDFHRIRWRJUD¿HODDSUR[LPDWLYVHFXQGHGXSăFHDĠLDSăVDW
EXWRQXOGHFODQúDWRU

1 &RQ¿JXUDĠLVHWDUHD
Ɣ $SăVDĠLEXWRQXO> @DSăVDĠLEXWRDQHOH
> @> @SHQWUXDDOHJH> @úLDSRLDSăVDĠL
EXWRQXO> @
Ɣ 'XSăFHDĠLHIHFWXDWVHWDUHD> @YD¿
D¿úDW

2 )RWRJUD¿DĠL
Ɣ 3HQWUXIRWRJUD¿L$SăVDĠLEXWRQXO
GHFODQúDWRUSkQăODMXPăWDWHSHQWUXD
IRFDOL]DSHVXELHFWLDUDSRLDSăVDĠLOSkQă
ODFDSăW
Ɣ 3HQWUX¿OPH$SăVDĠLEXWRQXOSHQWUX
¿OPDUH

54
&DUDFWHULVWLFLFRPXQHX]XDOH

Ɣ 'XSăFHDĠLSRUQLWFURQRPHWUXOOXPLQD
YDFOLSLLDUDSDUDWXOYDHPLWHXQVXQHW
VSHFL¿FDXWRGHFODQúDWRUXOXL
Ɣ &XGRXăVHFXQGHvQDLQWHGHUHDOL]DUHD
IRWRJUD¿HLFOLSLWXOúLVXQHWXOVHYRU
LQWHQVL¿FD /XPLQDYDUăPkQHDSULQVăvQ
FD]XOvQFDUHVHGHFODQúHD]ăEOLĠXO
Ɣ 3HQWUXDDQXODIRWRJUD¿HUHDGXSăFHDĠL
DFWLYDWDXWRGHFODQúDWRUXODSăVDĠLEXWRQXO
> @
Ɣ 3HQWUXDUHYHQLODVHWDUHDRULJLQDOă
DOHJHĠL> @ODSDVXO

8WLOL]DUHDDXWRGHFODQúDWRUXOXLSWDSUHYHQLPLúFDUHDDSDUDWXOXL
)RWRJUDILL )LOPH
$FHDVWăRSĠLXQHvQWkU]LHDFĠLXQHDGHFODQúDWRUXOXLFXDSUR[LPDWLYGRXă
VHFXQGHGXSăFHDĠLDSăVDWEXWRQXOGHFODQúDWRU'DFăDSDUDWXOQXVWă¿[
vQWLPSFHDSăVDĠLEXWRQXOGHFODQúDWRUDFHVWOXFUXQXYDDIHFWDIRWRJUD¿D
UHDOL]DWă
Ɣ 8UPDĠLSDVXOGHOD³8WLOL]DUH
DXWRGHFODQúDWRU´ =  ‫ڍ‬LDOHJH‫ڏ‬L> @
Ɣ 'XSăFHDĠLHIHFWXDWVHWDUHD> @YD¿
D¿úDW
Ɣ 8UPDĠLSDVXOGHOD³8WLOL]DUH
DXWRGHFODQúDWRU´ =  SHQWUXD
IRWRJUD¿D

55
&DUDFWHULVWLFLFRPXQHX]XDOH

3HUVRQDOL]DUHDDXWRGHFODQ‫܈‬DWRUXOXL
)RWRJUDILL )LOPH
3XWHĠLVHWDvQWkU]LHUHD ±VHFXQGH úLQXPăUXOGHIRWRJUD¿L ± 

1 $OHJH‫܊‬L> @
Ɣ 8UPD‫ڏ‬LSDVXOGHOD³8WLOL]DUH
DXWRGHFODQúDWRU´ =  DOHJH‫ڏ‬L> @‫ڍ‬L
DSăVD‫ڏ‬LLPHGLDWEXWRQXO> @

2 &RQ¿JXUDĠLVHWDUHD
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>$PkQDUH@VDX>)RWRJUD¿L@
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJHR
YDORDUHúLDSRLDSăVDĠLEXWRQXO> @
Ɣ 'XSăFHDĠLHIHFWXDWVHWDUHD> @YD¿D¿úDW
Ɣ 8UPDĠLSDVXOGHOD³8WLOL]DUH
DXWRGHFODQúDWRU´ =  SHQWUXD
IRWRJUD¿D

Ɣ 3HQWUX¿OPHUHDOL]DWHFXDMXWRUXOGHFODQúDWRUXOXL>$PkQDUH@
UHSUH]LQWăWLPSXOGLQDLQWHVăvQFHDSăvQUHJLVWUDUHDGDUVHWDUHD
>)RWRJUD¿L@QXDUHQLFLXQHIHFW

Ɣ 'DFăVSHFL¿FD‫ڏ‬LPDLPXOWHIRWRJUD¿LOXPLQR]LWDWHDLPDJLQLLúLQLYHOXO
GHDOEYRU¿GHWHUPLQDWHGHSULPDIRWRJUD¿H(VWHQHYRLHGHPDL
PXOWWLPSvQWUHUHDOL]DUHDDGRXăIRWRJUD¿LDWXQFLFkQGEOLĠXOVH
GHFODQúHD]ăVDXFkQGDĠLVSHFL¿FDWFăUHDOL]DĠLPDLPXOWHIRWRJUD¿L
)RWRJUD¿HUHDVHYDRSULDXWRPDWFkQGFDUGXOGHPHPRULHHVWHSOLQ
Ɣ $WXQFLFkQGHVWHVSHFL¿FDWăRvQWkU]LHUHPDLPDUHGHGRXăVHFXQGH
FXGRXăVHFXQGHvQDLQWHGHUHDOL]DUHDIRWRJUD¿HLOXPLQDFDUH
FOLSHúWHúLVXQHWXODXWRGHFODQúDWRUXOXLVHYRULQWHQVL¿FD /XPLQDYD
UăPkQHDSULQVăvQFD]XOvQFDUHVHGHFODQúHD]ăEOLĠXO

56
&DUDFWHULVWLFLFRPXQHX]XDOH

$GăXJDUHDXQHL‫܈‬WDPSLOHFXGDWă

)RWRJUDILL )LOPH
$SDUDWXOSRDWHDGăXJDGDWDúLRUDGHIRWRJUD¿HUHSHLPDJLQLvQFROĠXOGLQ
GUHDSWDMRV
7RWX‫ڍ‬LHVWHELQHGH‫ڍ‬WLXWFă‫ڍ‬WDPSLOHOHFXGDWHQXSRW¿HGLWDWHVDX‫ڍ‬WHUVH
D‫ڍ‬DGDUFRQ¿UPDĠLvQDLQWHFăGDWDúLRUDVXQWFRUHFWH =  

1 &RQ¿JXUDĠLVHWDUHD
Ɣ $SăVDĠLEXWRQXO> @DOHJH‫ڏ‬L
>ùWDPSLOăGDWă @GHODWDEXO> @‫ڍ‬LDSRL
DOHJH‫ڏ‬LRS‫ڏ‬LXQHDGRULWă =  
Ɣ 'XSăFHDĠLHIHFWXDWVHWDUHD> @YD¿
D¿úDW

2 )RWRJUD¿DĠL
Ɣ 3HPăVXUăFHIRWRJUD¿DĠLDSDUDWXO
DGDXJăGDWDGHIRWRJUD¿HUHVDXRUDvQ
FROĠXOGHMRVGUHDSWDDOLPDJLQLORU
Ɣ 3HQWUXDUHYHQLODVHWDUHDRULJLQDOă
DOHJHĠL>2SULW@ODSDVXO

Ɣ ‫ڌ‬WDPSLOHOHFXGDWHQXSRW¿HGLWDWHVDX‫ڍ‬WHUVH

57
&DUDFWHULVWLFLFRPXQHX]XDOH

Ɣ )RWRJUD¿LOHUHDOL]DWHIăUăDGăXJDUHDXQHL‫ڍ‬WDPSLOHFXGDWăSRW¿
LPSULPDQWHFX‫ڍ‬WDPSLOăGXSăFXPXUPHD]ă
7RWXúLDGăXJDUHDGDWHLúLDRUHLODLPDJLQLOHFDUHFRQĠLQGHMD
DFHVWHLQIRUPDĠLLYDDYHDFDUH]XOWDWLPSULPDUHDDFHVWRULQIRUPDĠLL
GHGRXăRUL
 ,PSULPD‫ڏ‬LIRORVLQGIXQFĠLLOHLPSULPDQWHL = 
 )RORVLĠLVHWăULOH'32)GHLPSULPDUH =  SHQWUXDLPSULPD

)RWRJUD¿HUHFRQWLQXă

)RWRJUDILL )LOPH
$SăVDĠLEXWRQXOGHFODQúDWRUSkQăODFDSăWSHQWUXDIRWRJUD¿D
3HQWUXPDLPXOWHGHWDOLLUHIHULWRDUHODYLWH]DGHIRWRJUD¿HUHYH]L³9LWH]ă
IRWRJUD¿HUHFRQWLQXă´ =  

1 &RQ¿JXUDĠLVHWDUHD
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L> @vQPHQLX
‫ڍ‬LDSRLDOHJH‫ڏ‬L> @ =  
Ɣ 'XSăFHDĠLHIHFWXDWVHWDUHD> @YD¿
D¿úDW

2 )RWRJUD¿DĠL
Ɣ $SăVDĠLEXWRQXOGHFODQúDWRUSkQăOD
FDSăWSHQWUXDIRWRJUD¿D

58
&DUDFWHULVWLFLFRPXQHX]XDOH

Ɣ ÌQWLPSXOIRWRJUD¿HULLFRQWLQXHIRFDOL]DUHDúLH[SXQHUHDVXQW
EORFDWHvQSR]LĠLDODQLYHOXOVWDELOLWDWXQFLFkQGDSăVDĠLEXWRQXO
GHFODQúDWRUSkQăODMXPăWDWH
Ɣ 1XSRDWH¿IRORVLWFXDXWRGHFODQúDWRU =  
Ɣ )RWRJUD¿HUHDSRDWH¿RSULWăWHPSRUDUúLIRWRJUD¿HUHDvQUDIDOă
SRDWH¿vQFHWLQLWăvQIXQFĠLHGHFRQGLĠLLOHGHIRWRJUD¿HUHGH
VHWăULOHDSDUDWXOXLúLGHSR]LĠLD]RRPXOXL
Ɣ 3HPăVXUăFHIDFHĠLPDLPXOWHIRWRJUD¿LSURFHVXOGHIRWRJUD¿HUH
SRDWH¿vQFHWLQLW
Ɣ )RWRJUD¿HUHDSRDWH¿vQFHWLQLWăGDFăEOLĠXOVHGHFODQúHD]ă

59
)XQFĠLLGHSHUVRQDOL]DUHDLPDJLQLL

0RGL¿FDUHD5DSRUWXOXLGH$VSHFW

)RWRJUDILL )LOPH
6FKLPEDĠLUDSRUWXOGHDVSHFWDOLPDJLQLL UDSRUWXOOăĠLPHvPăOĠLPH GXSă
FXPXUPHD]ă
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L
> @GLQPHQLX‫ڍ‬LDOHJH‫ڏ‬LRS‫ڏ‬LXQHDGRULWă
(=  
Ɣ ,PHGLDWFHDĠLHIHFWXDWVHWăULOHUDSRUWXO
GHDVSHFWDOHFUDQXOXLYD¿DFWXDOL]DW
Ɣ 3HQWUXDUHYHQLODVHWDUHDRULJLQDOă
UHSHWDĠLDFHDVWăSURFHGXUăGDUDOHJHĠL
> @

$FHODúLUDSRUWGHDVSHFWFDODWHOHYL]RDUHOH+'
$FHODúLUDSRUWGHDVSHFWFDFHODOXQXL¿OPGHPPIRORVLWOD
LPSULPDUHDLPDJLQLORUGH[LQFLVDXODLPSULPDUHDvQIRUPDWGH
FDUWHSRúWDOă
5DSRUWXOGHDVSHFWRULJLQDODOHFUDQXOXLDSDUDWXOXLIRORVLWOD
WHOHYL]RDUHVWDQGDUGGH¿QLWLRQVDXSHQWUXDOWHGLVSR]LWLYHGH
D¿‫ڍ‬DUHVLPLODUHVDXSHQWUXLPSULPDUHDGHLPDJLQLGH[LQFL
VDXODLPSULPDUHDvQIRUPDWWLS$
5DSRUWGHDVSHFWSăWUDW


)XQFĠLLGHSHUVRQDOL]DUHDLPDJLQLL

0RGL¿FDUHDUH]ROXĠLHLLPDJLQLORU 'LPHQVLXQH

)RWRJUDILL )LOPH
3XWHĠLDOHJHGLQQLYHOXULGHUH]ROXĠLHGHLPDJLQHGXSăFXPXUPHD]ă
3HQWUXPDLPXOWHGHWDOLLUHIHULWRDUHODQXPăUXOGHIRWRJUD¿LIăFXWHOD
¿HFDUHUH]ROXĠLHFDUHSRWvQFăSHDSHFDUGXOGHPHPRULHYH]L³1XPăUGH
IRWRJUD¿LSHFDUGGHPHPRULH´ =  
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L> @GLQPHQLX
‫ڍ‬LDOHJH‫ڏ‬LRS‫ڏ‬LXQHDGRULWă =  
Ɣ 2SĠLXQHDSHFDUHDĠLFRQ¿JXUDWRHVWH
D¿úDWăDFXP
Ɣ 3HQWUXDUHYHQLODVHWDUHDRULJLQDOă
UHSHWDĠLDFHDVWăSURFHGXUăGDUDOHJHĠL
> @

0DLPXOWHGHWDOLLUHIHULWRDUHODDOHJHUHDUH]ROXĠLHLvQ
IXQFĠLHGHGLPHQVLXQHDKkUWLHL SHQWUXLPDJLQLGH

$ [LQ
$±$ [±[LQ
[LQ[LQ&DUWHSRúWDOă
3HQWUXWULPLWHUHSULQHPDLOúLDOWHXWLOL]ăULDVHPăQăWRDUH


)XQFĠLLGHSHUVRQDOL]DUHDLPDJLQLL

0RGL¿FDUHDFDOLWăĠLLLPDJLQLL¿OPXOXL

)RWRJUDILL )LOPH
VHWăULGHFDOLWDWHDLPDJLQLLVXQWGLVSRQLELOH3HQWUXLQIRUPDĠLLUHIHULWRDUH
ODOXQJLPHD¿OPXOXLOD¿HFDUHQLYHOGHFDOLWDWHDLPDJLQLLFDUHYDvQFăSHD
SHFDUGXOGHPHPRULHFRQVXOWDĠL
³7LPSGHvQUHJLVWUDUHSHUFDUGGH
PHPRULH´ =  
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L
> @GLQPHQLX‫ڍ‬LDOHJH‫ڏ‬LRS‫ڏ‬LXQHDGRULWă
(=  
Ɣ 2SĠLXQHDSHFDUHDĠLFRQ¿JXUDWRHVWH
D¿úDWăDFXP
Ɣ 3HQWUXDUHYHQLODVHWDUHDRULJLQDOă
UHSHWDĠLDFHDVWăSURFHGXUăGDUDOHJHĠL
> @

Calitatea
5H]ROXĠLH 5DWăFDGUH Detalii
LPDJLQLL
[ FSV 3HQWUX¿OPDUH+'
3HQWUX¿OPDUH
[ FSV
VWDQGDUGGH¿QLWLRQ

Ɣ ÌQPRGXO> @EDUHOHQHJUHD¿úDWHvQSDUWHDGHVXVúLGHMRVD
HFUDQXOXLLQGLFăIDSWXOFă]RQHOHUHVSHFWLYHQXVXQWvQUHJLVWUDWH

62
)XQFĠLLGHIRWRJUD¿HUHDMXWăWRDUH

$¿úDUHDJULOHL

)RWRJUDILL )LOPH
*ULOHOHSRW¿D¿úDWHSHHFUDQvQSODQRUL]RQWDOúLYHUWLFDOvQWLPSFH
vQUHJLVWUDĠL
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L>*ULOH@
GHODWDEXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L>3RUQLW@
(=  
Ɣ 'XSăFHDĠLIăFXWVHWDUHDJULODYD¿
D¿úDWăSHHFUDQ
Ɣ 3HQWUXDUHYHQLODVHWDUHDRULJLQDOă
UHSHWDĠLDFHDVWăSURFHGXUăGDUDOHJHĠL
>2SULW@

Ɣ *ULOHOHQXYRU¿vQUHJLVWUDWHvQIRWRJUD¿LOHGXPQHDYRDVWUă

63
)XQFĠLLGHIRWRJUD¿HUHDMXWăWRDUH

0ăULUHD]RQHLIRFDOL]DWH

)RWRJUDILL )LOPH
3XWHĠLYHUL¿FDIRFDOL]DUHDDSăVkQGEXWRQXOGHFODQúDWRUSkQăODMXPăWDWH
SHQWUXDPăUL]RQDGHIRFDOL]DUHGLQFDGUXO$)

1 &RQ¿JXUDĠLVHWDUHD
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L>=RRP
SXQFW$)@GHODWDEXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L
>3RUQLW@ =  

2 9HUL¿FDĠLIRFDOL]DUHD
Ɣ $SăVDĠLEXWRQXOGHFODQúDWRUSkQăOD
MXPăWDWH)DĠDGHWHFWDWăFDVXELHFW
SULQFLSDOYD¿PăULWă
Ɣ 3HQWUXDUHYHQLODVHWDUHDRULJLQDOă
DOHJHĠL>2SULW@ODSDVXO

Ɣ =RQDIRFDOL]DWăQXHVWHPăULWăvQXUPăWRDUHOHFD]XULFkQGEXWRQXO
GHFODQúDWRUHVWHDSăVDWSkQăODMXPăWDWH
 'DFăID‫ڏ‬DQXDIRVWGHWHFWDWăGDFăSHUVRDQDDIRVWSUHD
DSURDSHGHDSDUDWVDXID‫ڏ‬DDFHVWHLDHVWHSUHDPDUHSHQWUX
HFUDQVDXGDFăDSDUDWXOGHWHFWHD]ăGHSODVDUHDVXELHFWXOXL
 &kQGHVWHIRORVLW]RRPXOGLJLWDO = 
 &kQGHVWHIRORVLWă8UPăULUH$) = 
 &kQGHVWHIRORVLWXQ79FDD¿úDM = 

64
)XQFĠLLGHIRWRJUD¿HUHDMXWăWRDUH

9HUL¿FDUHRFKLvQFKLúL

)RWRJUDILL )LOPH
> @HVWHD¿úDWDWXQFLFkQGDSDUDWXOGHWHFWHD]ăSHUVRDQHFXRFKLLvQFKLúL

1 &RQ¿JXUDĠLVHWDUHD
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L
>'HWHFWDUHFOLSLUH@GHODWDEXO> @‫ڍ‬LDSRL
DOHJH‫ڏ‬L>3RUQLW@ =  

2 )RWRJUD¿DĠL
Ɣ > @FOLSH‫ڍ‬WHFkQGDSDUDWXOGHWHFWHD]ăR
SHUVRDQăDFăUHLRFKLVXQWvQFKLúL
Ɣ 3HQWUXDUHYHQLODVHWDUHDRULJLQDOă
DOHJHĠL>2SULW@ODSDVXO

Ɣ 'DFăDĠLDOHVHIHFWXDUHDGHIRWRJUD¿LPXOWLSOHvQPRGXO> @
DFHDVWăIXQFĠLHHVWHGLVSRQLELOăGRDUSHQWUXIRWRJUD¿D¿QDOă
Ɣ 8QFDGUXHVWHD¿‫ڍ‬DWvQMXUXORDPHQLORUFXRFKLLvQFKLúLFkQGD‫ڏ‬L
VHOHFWDW>VHF@>VHF@>VHF@VDX>0HQ‫ڏ‬LQHUH@vQ>7LPSGH
D¿úDUH@ =  
Ɣ $FHDVWăIXQF‫ڏ‬LHQXHVWHGLVSRQLELOăvQPRGXOIRWRJUD¿HUHFRQWLQXă
(=  

65
3HUVRQDOL]DUHDXWLOL]ăULLDSDUDWXOXL
3HUVRQDOL]DĠLIXQFĠLLOHDSDUDWXOXLFXDMXWRUXOWDEXOXL> @GLQHFUDQXO
PHQLXOXLGXSăFXPXUPHD]ă
3HQWUXLQVWUXFĠLXQLUHIHULWRDUHODIXQFĠLLOHPHQLXOXLYH]L³8WLOL]DUHD
HFUDQXOXLSHQWUXPHQLX´ =  

'H]DFWLYDUHDOXPLQLL$)

)RWRJUDILL )LOPH
3XWHĠLGH]DFWLYDOXPLQDFDUHVHDSULQGHvQPRGQRUPDOSHQWUXDYăDMXWD
VăIRFDOL]DĠLDWXQFLFkQGDSăVDĠLEXWRQXOGHFODQúDWRUSkQăODMXPăWDWHvQ
FRQGLĠLLGHOXPLQR]LWDWHVFă]XWă
Ɣ $SăVDĠLEXWRQXO> @DOHJH‫ڏ‬L>/XPLQă
$)@GHODWDEXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L>2SULW@
(=  
Ɣ 3HQWUXDUHYHQLODVHWDUHDRULJLQDOă
UHSHWDĠLDFHDVWăSURFHGXUăGDUDOHJHĠL
>3RUQLW@

66
3HUVRQDOL]DUHDXWLOL]ăULLDSDUDWXOXL

'H]DFWLYDUHDOXPLQLLSWUHGXFHUHDHIHFWXOXLGHRFKLURúLL

)RWRJUDILL )LOPH
3XWHĠLGH]DFWLYDOXPLQDSHQWUXUHGXFHUHDHIHFWXOXLGHRFKLURúLLFDUHVH
DSULQGHSHQWUXDUHGXFHDFHVWHIHFWDWXQFLFkQGEOLĠXOVHGHFODQúHD]ăvQ
FRQGLĠLLGHOXPLQR]LWDWHVFă]XWă

1 $FFHVDĠLHFUDQXO>6HWăULEOLĠ@
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L>6HWăUL
EOLĠ@GHODWDEXO> @‫ڍ‬LDSRLDSăVD‫ڏ‬L
EXWRQXO> @ =  

2 &RQ¿JXUDĠLVHWDUHD
Ɣ $OHJH‫ڏ‬L>2SULW@SHQWUX>/XPLQăRFKLUR‫ڍ‬LL@
(=  
Ɣ 3HQWUXDUHYHQLODVHWDUHDRULJLQDOă
UHSHWDĠLDFHDVWăSURFHGXUăGDUDOHJHĠL
>3RUQLW@

67
3HUVRQDOL]DUHDXWLOL]ăULLDSDUDWXOXL

0RGLILFDUHDVWLOXOXLGHDILúDUHDLPDJLQLLGXSăIRWRJUDILHUH

)RWRJUDILL )LOPH
3XWH‫ڏ‬LPRGL¿FDGXUDWDGHD¿‫ڍ‬DUHDLPDJLQLORU‫ڍ‬LFHLQIRUPDĠLLVă¿HD¿‫ڍ‬DWH
GXSăFHIRWRJUD¿D‫ڏ‬L

0RGL¿FDUHDSHULRDGHLGHD¿úDUHDLPDJLQLLGXSăIRWRJUD¿HUH

1 $FFHVD‫܊‬LHFUDQXO>9L]XDOL]DUH
LPDJLQHGXSăIRWRJUD¿HUH@
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L
>9L]XDOL]DUHLPDJLQHGXSăIRWRJUD¿HUH@GH
ODWDEXO> @‫ڍ‬LDSRLDSăVD‫ڏ‬LEXWRQXO> @
(=  

2 &RQ¿JXUDĠLVHWDUHD
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>7LPSGHD¿úDUH@$SăVDĠLEXWRDQHOH
> @> @SHQWUXDDOHJHRSĠLXQHDGRULWă
Ɣ 3HQWUXDUHYHQLODVHWDUHDRULJLQDOă
UHSHWDĠLDFHDVWăSURFHGXUăGDUDOHJHĠL
>5DSLG@
$¿‫ڍ‬D]ăLPDJLQLOHQXPDLSkQăFkQGSXWH‫ڏ‬LIRWRJUD¿D
5DSLG
GLQQRX
$¿úHD]ăLPDJLQLSHQWUXRDQXPLWăSHULRDGă&KLDUúL
VHF
vQWLPSFHIRWRJUD¿DHVWHD¿úDWăSXWHĠLUHDOL]DDOWă
VHFVHF
IRWRJUD¿HDSăVkQGGLQQRXEXWRQXOGHFODQúDWRU
$¿úHD]ăLPDJLQLSkQăFkQGDSăVDĠLEXWRQXO
0HQĠLQHUH
GHFODQúDWRUSkQăODMXPăWDWH
1LFLRLPDJLQHQXYDPDL¿D¿úDWăGXSăFHIDFHĠL
2SULW
IRWRJUD¿LOH

68
3HUVRQDOL]DUHDXWLOL]ăULLDSDUDWXOXL

0RGL¿FDUHDHFUDQXOXLD¿‫܈‬DWGXSăIRWRJUD¿HUH
0RGL¿FDĠLPRGXOvQFDUHLPDJLQLOHVXQWD¿úDWHGXSăIRWRJUD¿HUHGXSă
FXPXUPHD]ă

1 6HWD‫܊‬L>7LPSGHD¿úDUH@OD>VHF@
>VHF@>VHF@VDX>0HQ‫܊‬LQHUH@
= 

2 &RQ¿JXUDĠLVHWDUHD
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>$¿úDUHLQIRUPDĠLL@$SăVDĠLEXWRDQHOH
> @> @SHQWUXDDOHJHRSĠLXQHDGRULWă
Ɣ 3HQWUXDUHYHQLODVHWDUHDRULJLQDOă
UHSHWDĠLDFHDVWăSURFHGXUăGDUDOHJHĠL
>2SULW@
2SULW $¿úHD]ăGRDULPDJLQHD
Detaliat $¿úHD]ăGHWDOLLGHVSUHIRWRJUD¿HUH =  

Ɣ &kQG>7LPSGHD¿‫ڍ‬DUH@ =  HVWHVHWDWOD>2SULW@VDX>5DSLG@
>,QIRD¿‫ڍ‬DWH@HVWHVHWDWOD>2SULW@‫ڍ‬LQXSRDWH¿PRGL¿FDW
Ɣ 'DFăDSăVD‫ڏ‬LEXWRQXO> @vQWLPSFHRLPDJLQHHVWHD¿‫ڍ‬DWă
GXSăIRWRJUD¿HUHSXWH‫ڏ‬LVFKLPEDLQIRUPD‫ڏ‬LLOHD¿‫ڍ‬DWH1RWD‫ڏ‬LFă
VHWăULOH>,QIRD¿‫ڍ‬DUH@QXVHPRGL¿Fă3XWH‫ڏ‬L‫ڍ‬WHUJHLPDJLQLOH
GDFăDSăVD‫ڏ‬LEXWRQXO> @VDXVăOHSURWHMD‫ڏ‬L =  VDXVăOH
FODVL¿FD‫ڏ‬LFDSUHIHUDWH =  GDFăDSăVD‫ڏ‬LEXWRQXO> @

69

3 

$OWHPRGXULGHIRWRJUD¿HUH
)DFHĠLIRWRJUD¿LPDLIUXPRDVHvQGLYHUVHVFHQHúLIDFHĠLIRWRJUD¿LFXHIHFWH
GHLPDJLQHXQLFHVDXUHDOL]DWHFXDMXWRUXOXQRUIXQFĠLLVSHFLDOH


3HUVRQDOL]DUHDOXPLQR]LWăĠLLFXORULL
/LYH9LHZ&RQWURO
)RWRJUDILL )LOPH
/XPLQR]LWDWHDVDXFXORULOHXQHLLPDJLQLDWXQFLFkQGIRWRJUD¿DĠLSRW¿
SHUVRQDOL]DWHIRDUWHXúRUGXSăFXPXUPHD]ă

1 ,QWUD‫܊‬LvQPRGXO> @
Ɣ $SăVD‫ڏ‬LEXWRQXO> @GHPDLPXOWHRUL
SkQăHVWHD¿‫ڍ‬DW> @

2 &RQ¿JXUDĠLVHWDUHD
Ɣ $SăVDĠLEXWRQXO> @SHQWUXDDFFHVD
HFUDQXOGHVHWDUH$SăVDĠLEXWRDQHOH
> @> @SHQWUXDDOHJHXQDUWLFROGH
VHWDUHúLDSRLDSăVDĠLEXWRDQHOH> @> @
SHQWUXDUHJODYDORDUHDvQWLPSFHSULYLĠL
HFUDQXO
Ɣ $SăVDĠLEXWRQXO> @

3 )RWRJUD¿DĠL
3HQWUXLPDJLQLPDLOXPLQRDVHUHJODĠLQLYHOXOOD
/XPLQR]LWDWH GUHDSWDLDUSHQWUXLPDJLQLPDLvQWXQHFDWHUHJODĠL
QLYHOXOODVWkQJD
3HQWUXLPDJLQLPDLLQWHQVHUHJODĠLQLYHOXOODGUHDSWD
&XORDUH
LDUSHQWUXLPDJLQLPDLVXEH[SXVHUHJODĠLODVWkQJD
3HQWUXXQWRQPDLFDOGFXQXDQĠăURúFDWăUHJODĠL
7RQ QLYHOXOODGUHDSWDLDUSHQWUXXQWRQPDLUHFHFX
QXDQĠăDOEăVWUXLHUHJODĠLOODVWkQJD

72
6FHQHVSHFL¿FH
$OHJHĠLXQPRGFDUHVHSRWULYHúWHFXVFHQDGHIRWRJUD¿HUHLDUDSDUDWXOYD
FRQ¿JXUDVHWăULOHvQPRGDXWRPDWSHQWUXDIDFHIRWRJUD¿LRSWLPH

1 $OHJHĠLXQPRGGHIRWRJUD¿HUH
Ɣ $SăVD‫ڏ‬LEXWRQXO> @GHPDLPXOWHRUL
SkQăHVWHD¿‫ڍ‬DW> @
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L
> @GLQPHQLX‫ڍ‬LDOHJH‫ڏ‬LRS‫ڏ‬LXQHD
GRULWă =  

2 )RWRJUD¿DĠL

 )RWRJUD¿HUHDSRUWUHWHORU 3RUWUHW
)RWRJUDILL )LOPH

Ɣ )RWRJUD¿DĠLGLYHUVHSHUVRDQHFXHIHFWGH
DWHQXDUH

 )RWRJUD¿DĠLvQFRQGLĠLLGH
OXPLQR]LWDWHVFă]XWă /XPLQR]LWDWH
VFă]XWă
)RWRJUDILL )LOPH

Ɣ )RWRJUD¿DĠLvQFRQGLĠLLPLQLPHGH
WUHPXUDODSDUDWXOXLúLGHQHFODULWDWHD
VXELHFWHORUFKLDUúLvQFRQGLĠLLGHLOXPLQDUH
VFă]XWă

73
6FHQHVSHFL¿FH

௘ )RWRJUD¿HUHSHIXQGDOFX]ăSDGă
=ăSDGă
)RWRJUDILL )LOPH

Ɣ )RWRJUD¿LOXPLQRDVHFRORUDWHvQPRG
QDWXUDODOHRDPHQLORUSHIXQGDOHFX
]ăSDGă

௘ )RWRJUD¿HUHDUWL¿FLL $UWL¿FLL
)RWRJUDILL )LOPH

Ɣ )RWRJUD¿LLQWHQVHDOHDUWL¿FLLORU

Ɣ ÌQPRGXO> @PRQWDĠLDSDUDWXOSHXQWUHSLHGVDXOXDĠLDOWHPăVXUL
SHQWUXDOVWDELOL]DúLSHQWUXDSUHYHQLPLúFDUHDDSDUDWXOXL
6XSOLPHQWDUVHWDĠL>0RG,6@OD>2SULW@DWXQFLFkQGIRORVLĠLXQ
WUHSLHGVDXDOWHPLMORDFHSHQWUXDĠLQHDSDUDWXOQHPLúFDW
(=  

Ɣ 5H]ROX‫ڏ‬LDPRGXOXL> @HVWHGH> @ [ ‫ڍ‬LQXSRDWH¿


VFKLPEDWă
Ɣ ÌQPRGXO> @GH‫ڍ‬LQXVXQWD¿‫ڍ‬DWHFDGUHFkQGDSăVD‫ڏ‬LEXWRQXO
SkQăODMXPăWDWHIRFDOL]DUHDRSWLPăHVWHWRWX‫ڍ‬LUHDOL]DWă

74
$SOLFDUHDGHHIHFWHVSHFLDOH
$GăXJDĠLPXOWHHIHFWHLPDJLQLORUDWXQFLFkQGIDFHĠLIRWRJUD¿L

1 $OHJHĠLXQPRGGHIRWRJUD¿HUH
Ɣ 8UPD‫ڏ‬LSDVXOGHOD³6FHQHVSHFL¿FH´
(=  SHQWUXDDOHJHXQPRGGH
IRWRJUD¿HUH

2 )RWRJUD¿DĠL

 )RWRJUD¿DĠLvQFXORULYLL 6XSHU9LYLG
)RWRJUDILL )LOPH

Ɣ )DFHĠLIRWRJUD¿LvQFXORULERJDWHLQWHQVH

 )DFHĠLIRWRJUD¿LWLSSRVWHU (IHFW
SRVWHU
)RWRJUDILL )LOPH

Ɣ )RWRJUD¿LFXDVSHFWGHD¿úVDXLOXVWUDĠLL
YHFKL

Ɣ ÌQPRGXULOH> @‫ڍ‬L> @vQFHUFDĠLVăIDFHĠLFkWHYDIRWRJUD¿LWHVW


SHQWUXDYăDVLJXUDFăREĠLQHĠLUH]XOWDWHOHGRULWH

75
$SOLFDUHDGHHIHFWHVSHFLDOH

)RWRJUDILHUHDFXHIHFWRELHFWLYRFKLGHSHúWH (IHFWRFKLGHSHúWH

)RWRJUDILL )LOPH
)RWRJUD¿D‫ڏ‬LFXHIHFWGHLPDJLQHGLVWRUVLRQDWăUHDOL]DWăFXXQRELHFWLYRFKL
GHSHúWH

1 $OHJH‫܊‬L> @
Ɣ 8UPD‫ڏ‬LSDVXOGHOD³6FHQHVSHFL¿FH´
(=  SHQWUXDDOHJH> @

2 $OHJHĠLXQQLYHOGHHIHFW
Ɣ $SăVDĠLEXWRQXO> @DSăVDĠL
EXWRDQHOH> @> @SHQWUXDDOHJHXQQLYHO
GHHIHFWúLDSRLDSăVDĠLEXWRQXO> @
GLQQRX
Ɣ 9HĠLYHGHDRSUHYL]XDOL]DUHDIRWRJUD¿HL
FDUHYD¿IăFXWăFXHIHFWXOUHVSHFWLY

3 )RWRJUD¿DĠL

Ɣ )DFHĠLFkWHYDIRWRJUD¿LGHWHVWSHQWUXDYăDVLJXUDFăREĠLQHĠL
UH]XOWDWHOHGRULWH

76
$SOLFDUHDGHHIHFWHVSHFLDOH

)RWRJUDILHUHDGHPRGHOHDVHPăQăWRDUHPLQLDWXULORU (IHFWGHPLQLDWXUă

)RWRJUDILL )LOPH
&UHD]ăHIHFWXOXQXLPRGHOvQPLQLDWXUăSULQHVWRPSDUHD]RQHORUGH
GHDVXSUDúLGHVXE]RQDVHOHFWDWă
'HDVHPHQHDSXWHĠLIDFH¿OPHFXDVSHFWPLQLDWXUDOSULQDOHJHUHDYLWH]HL
GHUHGDUHvQDLQWHGHvQUHJLVWUDUHD¿OPXOXL2DPHQLLúLRELHFWHOHGLQVFHQă
VHYRUGHSODVDPDLUHSHGHvQWLPSXOUHGăULL5H‫ڏ‬LQH‫ڏ‬LIDSWXOFăVXQHWXOQX
YD¿vQUHJLVWUDW

1 $OHJH‫܊‬L> @
Ɣ 8UPD‫ڏ‬LSDVXOGHOD³6FHQHVSHFL¿FH´
(=  SHQWUXDDOHJH> @
Ɣ 9D¿D¿úDWXQFDGUXDOEFDUHLQGLFă]RQD
GLQLPDJLQHFDUHQXYD¿HVWRPSDWă

2 $OHJHĠLSRUĠLXQHDSHFDUHVHYDD[D
IRFDOL]DUHD
Ɣ $SăVDĠLEXWRQXO> @
Ɣ 'HSODVDĠLEXWRQXOGH]RRPSHQWUXD
UHGLPHQVLRQDFDGUXOúLDSRLDSăVDĠL
EXWRDQHOH> @> @SHQWUXDOGHSODVD

3 3HQWUX¿OPHDOHJHĠLYLWH]DGHUHGDUH
D¿OPXOXL
Ɣ $SăVDĠLEXWRQXO> @úLDSRLDSăVDĠL
EXWRDQHOH> @> @SHQWUXDDOHJHYLWH]D

4 5HYHQLĠLODHFUDQXOSHQWUX
IRWRJUD¿HUHúLIDFHĠLIRWRJUD¿L
Ɣ $SăVDĠLEXWRQXO> @úLUHYHQLĠLOD
HFUDQXOGHIRWRJUD¿HUHúLDSRLIRWRJUD¿DĠL

77
$SOLFDUHDGHHIHFWHVSHFLDOH

9LWH]ăGHUHGDUHúLWLPSGHUHGDUHHVWLPDW
SHQWUXFOLSXULGHXQPLQXW

9LWH]ă 7LPSGHUHGDUH
$SUR[LPDWLYVHFXQGH
$SUR[LPDWLYVHFXQGH
$SUR[LPDWLYVHFXQGH

Ɣ =RRPXOQXHVWHGLVSRQLELOFkQG¿OPDĠL$YHĠLJULMăVăVHWDĠL]RRPXO
vQDLQWHGHD¿OPD
Ɣ )DFHĠLFkWHYDIRWRJUD¿LGHWHVWSHQWUXDYăDVLJXUDFăREĠLQHĠL
UH]XOWDWHOHGRULWH

Ɣ 3HQWUXDVFKLPEDRULHQWDUHDFDGUXOXL GHODRUL]RQWDOăSHYHUWLFOă
úLLQYHUV DSăVDĠLEXWRQXO> @ODSDVXO3XWHĠLGHSODVDFDGUXOvQ
SR]LĠLHYHUWLFDOăDSăVkQGEXWRDQHOH> @> @
Ɣ ğLQHUHDDSDUDWXOXLvQSR]LĠLHYHUWLFDOăYDVFKLPEDRULHQWDUHD
FDGUXOXL
Ɣ &DOLWDWHDLPDJLQLL¿OPXOXLHVWHGH> @ODXQUDSRUWGHDVSHFWGH
> @‫ڍ‬L> @ODXQUDSRUWGHDVSHFWGH> @ =  $FHVWH
VHWăULGHFDOLWDWHQXSRW¿PRGL¿FDWH

78
$SOLFDUHDGHHIHFWHVSHFLDOH

)RWRJUDILHUHFXHIHFWGHDSDUDWGHMXFăULH (IHFWGHDSDUDWGHMXFăULH

)RWRJUDILL )LOPH
$FHVWHIHFWIDFHFDIRWRJUD¿LOHVăSDUăD¿IRVWIăFXWHFXXQDSDUDWGH
MXFăULHSULQSURFHVXOGHYLJQHWDUH FROĠXULDOHLPDJLQLLPDLvQFKLVHOD
FXORDUHúLQHFODUH úLSULQPRGL¿FDUHDvQWUHJXOXLFRORULWDOIRWRJUD¿HL

1 $OHJH‫܊‬L> @
Ɣ 8UPD‫ڏ‬LSDVXOGHOD³6FHQHVSHFL¿FH´
(=  SHQWUXDDOHJH> @

2 $OHJHĠLXQWRQGHFXORDUH
Ɣ $SăVDĠLEXWRQXO> @DSăVDĠL
EXWRDQHOH> @> @SHQWUXDDOHJHXQWRQGH
FXORDUHúLDSRLDSăVDĠLEXWRQXO> @
GLQQRX
Ɣ 9HĠLYHGHDRSUHYL]XDOL]DUHDIRWRJUD¿HL
FDUHYD¿IăFXWăFXHIHFWXOUHVSHFWLY

3 )RWRJUD¿DĠL
)RWRJUD¿LOHDXDVSHFWXOXQRULPDJLQLUHDOL]DWHFXXQ
Standard
DSDUDWGHMXFăULH
,PDJLQLOHDXXQWRQPDLFDOGGHFkWFXRSĠLXQHD
Cald
>6WDQGDUG@
,PDJLQLOHDXXQWRQPDLUHFHGHFkWFXRSĠLXQHD
5HFH
>6WDQGDUG@

Ɣ )DFHĠLFkWHYDIRWRJUD¿LGHWHVWSHQWUXDYăDVLJXUDFăREĠLQHĠL
UH]XOWDWHOHGRULWH

79
$SOLFDUHDGHHIHFWHVSHFLDOH

)RWRJUD¿HUHvQ0RQRFURP

)RWRJUDILL )LOPH
5HDOL]DĠLLPDJLQLDOEQHJUXVHSLDVDXDOEDVWUXúLDOE

1 $OHJH‫܊‬L> @
Ɣ 8UPD‫ڏ‬LSDVXOGHOD³6FHQHVSHFL¿FH´
(=  SHQWUXDDOHJH> @

2 $OHJHĠLXQWRQGHFXORDUH
Ɣ $SăVDĠLEXWRQXO> @DSăVDĠL
EXWRDQHOH> @> @SHQWUXDDOHJHXQWRQGH
FXORDUHúLDSRLDSăVDĠLEXWRQXO> @
GLQQRX
Ɣ 9HĠLYHGHDRSUHYL]XDOL]DUHDIRWRJUD¿HL
FDUHYD¿IăFXWăFXHIHFWXOUHVSHFWLY

3 )RWRJUD¿DĠL
%: )RWRJUD¿LDOEQHJUX
6HSLD ,PDJLQLvQWRQXULVHSLD
$OEDVWUX ,PDJLQLDOEDOEDVWUH


0RGXULVSHFLDOHIRORVLWHvQDOWH
VFRSXUL

8WLOL]DUHDDXWRGHFODQúDWRUXOXLODGHWHFWDUHDIHĠHL

)RWRJUDILL )LOPH
$SDUDWXOYDIRWRJUD¿DODDSUR[LPDWLYGRXăVHFXQGHGXSăFHDGHWHFWDW
IDĠDXQHLDOWHSHUVRDQH GHH[HPSOXDIRWRJUDIXOXL DSăWUXQVvQ]RQD
GHIRWRJUD¿HUH =  $FHDVWăIXQFĠLHHVWHXWLOăDWXQFLFkQGGRULĠL
VăDSăUHĠLúLGXPQHDYRDVWUăvQWURIRWRJUD¿HGHJUXSVDXvQIRWRJUD¿L
VLPLODUH

1 $OHJH‫܊‬L> @
Ɣ 8UPD‫ڏ‬LSDVXOGHOD³6FHQHVSHFL¿FH´
(=  SHQWUXDDOHJH> @

2 &RPSXQHĠLIRWRJUD¿DúLDSăVDĠL
EXWRQXOGHFODQúDWRUSkQăOD
MXPăWDWH
Ɣ $VLJXUDĠLYăFăIDĠDSHFDUHIRFDOL]DĠLHVWH
vQFDGUDWăGHXQFDGUXYHUGHLDUFHOHODOWH
IHĠHVXQWvQFDGUDWHGHFDGUHGHFXORDUH
DOEă

3 $SăVDĠLEXWRQXOGHFODQúDWRUSkQă
ODFDSăW
Ɣ $FXPDSDUDWXOYDLQWUDvQPRGXOVWDQGE\
LDUPHVDMXO>3ULYLĠLVSUHDSDUDWSHQWUXD
vQFHSHQXPăUăWRDUHDLQYHUVă@YD¿D¿úDW
Ɣ /XPLQDFOLSHúWHúLVHDXGHVXQHWXO
DXWRGHFODQúDWRUXOXL


0RGXULVSHFLDOHIRORVLWHvQDOWHVFRSXUL

4 $OăWXUDĠLYăFHORUODOWHVXELHFWHvQ
]RQDGHIRWRJUD¿HUHúLSULYLĠLFăWUH
DSDUDW
Ɣ 'XSăFHDSDUDWXOGHWHFWHD]ăRIDĠă
QRXăOXPLQDYDFOLSLPDLGHVúLVXQHWXO
DXWRGHFODQúDWRUXOXLVHYDLQWHQVL¿FD
&kQGEOLĠXOVHGHFODQúHD]ăOXPLQD
UăPkQHDSULQVă 'XSăDSUR[LPDWLYGRXă
VHFXQGHDSDUDWXOYDIDFHRIRWRJUD¿H
Ɣ 3HQWUXDDQXODIRWRJUD¿HUHDGXSăFHDĠL
DFWLYDWDXWRGHFODQúDWRUXODSăVDĠLEXWRQXO
> @

Ɣ &KLDUGDFăIDĠDGXPQHDYRDVWUăQXHVWHGHWHFWDWăGXSăFHYă
DOăWXUDĠLJUXSXOXLDSDUDWXOYDIDFHRIRWRJUD¿HGXSăVHFXQGH
Ɣ 3HQWUXDVFKLPEDQXPăUXOGHIRWRJUD¿LGXSăFHDOHJHĠL> @
ODSDVXODSăVD‫ڏ‬LEXWRQXO> @DSăVD‫ڏ‬LEXWRDQHOH> @> @
SHQWUXDDOHJHQXPăUXOGHIRWRJUD¿L‫ڍ‬LDSRLDSăVD‫ڏ‬LEXWRQXO
> @>'HWHFWDUHFOLSLUH@ =  HVWHGLVSRQLELOăGRDUSHQWUX
IRWRJUD¿D¿QDOă

)RWRJUD¿HUHFXH[SXQHUHOXQJă WLPSPDUHGHH[SXQHUH

)RWRJUDILL )LOPH
$OHJHĠLXQWLPSGHH[SXQHUHGH±VHFXQGHSHQWUXDIRWRJUD¿HFX
H[SXQHUHSUHOXQJLWăÌQDFHVWFD]PRQWDĠLDSDUDWXOSHXQWUHSLHGVDXOXDĠL
DOWHPăVXULSHQWUXDSUHYHQLWUHPXUXODSDUDWXOXL

1 $OHJH‫܊‬L> @
Ɣ 8UPD‫ڏ‬LSDVXOGHOD³6FHQHVSHFL¿FH´
(=  SHQWUXDDOHJH> @

82
0RGXULVSHFLDOHIRORVLWHvQDOWHVFRSXUL

2 $OHJHĠLWLPSXOGHH[SXQHUH
Ɣ $SăVDĠLEXWRQXO> @DSăVDĠLEXWRDQHOH
> @> @SHQWUXDDOHJHWLPSXOGHH[SXQHUH
úLDSRLDSăVDĠLEXWRQXO> @GLQQRX

3 9HUL¿FDĠLH[SXQHUHD
Ɣ $SăVDĠLEXWRQXOGHFODQúDWRUSkQăOD
MXPăWDWHSHQWUXDYHUL¿FDH[SXQHUHD
SHQWUXWLPSXOGHH[SXQHUHDOHV

4 )RWRJUD¿DĠL

Ɣ (VWHSRVLELOFDOXPLQR]LWDWHDLPDJLQLLGHSHHFUDQODSDVXOFkQG
DSăVDĠLEXWRQXOGHFODQúDWRUSkQăODMXPăWDWHVăQX¿HODIHOFX
OXPLQR]LWDWHDIRWRJUD¿LORUSHFDUHOHUHDOL]DĠL
Ɣ /DXQWLPSGHH[SXQHUHGHVHFXQGHVDXPDLVFXUWYDH[LVWDR
vQWkU]LHUHvQDLQWHGHDSXWHDIRWRJUD¿DGLQQRXGHRDUHFHDSDUDWXO
SURFHVHD]ăLPDJLQLOHSHQWUXDUHGXFH]JRPRWXO
Ɣ 6HWDĠL>0RG,6@OD>2SULW@DWXQFLFkQGIRORVLĠLXQWUHSLHGVDXDOWH
PLMORDFHSHQWUXDĠLQHDSDUDWXOQHPLúFDW =  

Ɣ 'DFăEOLĠXOVHGHFODQúHD]ăIRWRJUD¿DSRDWH¿VXSUDH[SXVăÌQ
DFHVWFD]VHWDĠLEOLĠXOOD> @‫ڍ‬LIRWRJUD¿D‫ڏ‬LGLQQRX =  

83
84
4 

0RGXO3
0DLPXOWHIRWRJUD¿LvQVWLOXOGXPQHDYRDVWUăGHIRWRJUD¿HUHSUHIHUDW
Ɣ ,QVWUXFĠLXQLOHGLQDFHVWFDSLWROVXQWYDODELOHSHQWUXDSDUDWDWXQFLFkQG
HVWHVHWDWvQPRGXO> @
Ɣ > @3URJUDP$($(([SXQHUHDXWRPDWă
Ɣ ÌQDLQWHGHDIRORVLRIXQFĠLHSUH]HQWDWăvQDFHVWFDSLWROvQDOWHPRGXUL
GHFkW> @DVLJXUDĠLYăFăIXQFĠLDHVWHGLVSRQLELOăvQPRGXOUHVSHFWLY
(=  

85
)RWRJUD¿HUHvQ3URJUDP$( 0RG>3@
)RWRJUDILL )LOPH
3XWHĠLSHUVRQDOL]DPXOWHVHWăULGHIXQFĠLHSHQWUXDVHSRWULYLFXVWLOXO
GXPQHDYRDVWUăGHIRWRJUD¿HUH

1 ,QWUD‫܊‬LvQPRGXO> @
Ɣ 8UPD‫ڏ‬LSDVXOGHOD³6FHQHVSHFL¿FH´
(=  SHQWUXDDOHJH> @

2 3HUVRQDOL]DĠLVHWăULOHGXSăFXP
GRULĠL =±= úLDSRL
IRWRJUD¿DĠL

Ɣ 'DFăQXSXWHĠLREĠLQHRH[SXQHUHDGHFYDWăDWXQFLFkQGDSăVDĠL
EXWRQXOGHFODQúDWRUSkQăODMXPăWDWHWLPSXOGHH[SXQHUHúL
YDORULOHGLDIUDJPHLYRU¿D¿úDWHFXSRUWRFDOLXÌQDFHVWFD]
vQFHUFD‫ڏ‬LVăPRGL¿FD‫ڏ‬LYDORDUHD,62 =  VDXVăDFWLYD‫ڏ‬L
EOL‫ڏ‬XO GDFăVXELHFWHOHVXQWvQWXQHFDWH=  FHHDFHSRDWH
SHUPLWHH[SXQHUHDGHFYDWă
Ɣ )LOPHOHSRW¿vQUHJLVWUDWHúLvQPRGXO> @DSăVkQGEXWRQXO
¿OPDUH2ULFXPDQXPLWHVHWăUL)81& =  ‫ڍ‬L0(18
(=  DUSXWHD¿UHJODWHDXWRPDWSHQWUXDvQUHJLVWUD¿OPH

86
/XPLQR]LWDWHDLPDJLQLL ([SXQHUH

5HJODUHDOXPLQR]LWăĠLLLPDJLQLL &RPSHQVDUHDH[SXQHULL

)RWRJUDILL )LOPH
([SXQHUHDVWDQGDUGVHWDWăGHDSDUDWSRDWH¿UHJODWăvQWUHSWHGH
VWRSvQWURJDPăGHOD±WR
Ɣ $SăVDĠLEXWRQXO> @ÌQWLPSFHYăXLWDĠLOD
HFUDQDSăVDĠLEXWRDQHOH> @> @SHQWUXD
UHJODOXPLQR]LWDWHD
Ɣ $WXQFLFkQGIDFHĠL¿OPH¿OPDĠLDYkQG
EDUDGHFRPSHQVDUHDH[SXQHULLD¿úDWă
Ɣ $WXQFLFkQGUHDOL]DĠLIRWRJUD¿LDSăVDĠL
EXWRQXO> @SHQWUXDD¿úDFRPSHQVDUHD
H[SXQHULLVHWDWăúLDSRLIRWRJUD¿DĠL

Ɣ 'HDVHPHQHDSXWHĠLUHDOL]DIRWRJUD¿LFXEDUDGHFRPSHQVDUHD
H[SXQHULLD¿úDWă
Ɣ ÌQWLPSGHvQUHJLVWUDĠLXQ¿OP> @HVWHD¿úDWLDUH[SXQHUHDHVWH
EORFDWă

87
/XPLQR]LWDWHDLPDJLQLL ([SXQHUH

%ORFDUHOXPLQR]LWDWHLPDJLQH([SXQHUH %ORFDUH$(

)RWRJUDILL )LOPH
ÌQDLQWHGHDIRWRJUD¿DSXWHĠLEORFDH[SXQHUHDVDXSXWHĠLVSHFL¿FD
IRFDOL]DUHDúLH[SXQHUHDVHSDUDW

1 %ORFDĠLH[SXQHUHD
Ɣ ÌQGUHSWDĠLDSDUDWXOFăWUHVXELHFWXOSH
FDUHGRULĠLVăvOIRWRJUD¿DĠLFXH[SXQHUHD
EORFDWă&XEXWRQXOGHFODQúDWRUDSăVDW
SkQăODMXPăWDWHDSăVDĠLEXWRQXO> @
Ɣ > @HVWHD¿úDWLDUH[SXQHUHDHVWH
EORFDWă
Ɣ 3HQWUXDGHEORFD$(HOLEHUDĠLEXWRQXO
GHFODQúDWRUúLDSăVDĠLGLQQRXEXWRQXO
> @ÌQDFHVWFD]> @QXYDPDL¿
D¿‫ڍ‬DW

2 &RPSXQHĠLIRWRJUD¿DúLIRWRJUD¿DĠL

Ɣ $(([SXQHUHDXWRPDWă

88
/XPLQR]LWDWHDLPDJLQLL ([SXQHUH

0RGL¿FDUHDPHWRGHLGHPăVXUDUH

)RWRJUDILL )LOPH
5HJODĠLPHWRGDGHPăVXUDUH PRGXOGHPăVXUDUHDOXPLQR]LWăĠLL SHQWUXD
VHSRWULYLFRQGLĠLLORUGHIRWRJUD¿HUHGXSăFXPXUPHD]ă
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L
> @GLQPHQLX‫ڍ‬LDOHJH‫ڏ‬LRS‫ڏ‬LXQHDGRULWă
(=  
Ɣ 2SĠLXQHDSHFDUHDĠLFRQ¿JXUDWRHVWH
D¿úDWăDFXP

3HQWUXFRQGLĠLLGHIRWRJUD¿HUHWLSLFHLQFOXVLY
IRWRJUD¿LFXOXPLQăGLQVSDWH5HJOHD]ăDXWRPDW
(YDOXDWLY
H[SXQHUHDSHQWUXDVHSRWULYLFRQGLĠLLORUGH
IRWRJUD¿HUH
6WDELOHúWHOXPLQR]LWDWHDPHGLHSHvQWUHDJD
Medie
VXSUDIDĠăDLPDJLQLLFDOFXODWăFRQVLGHUkQG
SRQGHUDWă
OXPLQR]LWDWHDGLQ]RQDFHQWUDOăFD¿LQGFHDPDL
FHQWUDOă
LPSRUWDQWă
0ăVXUăWRDUHDHVWHUHVWULFĠLRQDWăODDVHvQFDGUDvQ
6SRW LQWHUYDOXO> @ FDGUX3XQFW$( D¿úDWvQFHQWUXO
HFUDQXOXL

89
/XPLQR]LWDWHDLPDJLQLL ([SXQHUH

6FKLPEDUHDYDORULL,62

)RWRJUDILL )LOPH

Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L
> @GLQPHQLX‫ڍ‬LDOHJH‫ڏ‬LRS‫ڏ‬LXQHDGRULWă
(=  
Ɣ 2SĠLXQHDSHFDUHDĠLFRQ¿JXUDWRHVWH
D¿úDWăDFXP

5HJOHD]ăDXWRPDWYDORDUHD,62SHQWUXDVH
$872
SRWULYLPRGXOXLúLFRQGLĠLLORUGHIRWRJUD¿HUH
3HQWUXIRWRJUD¿HUHvQH[WHULRU
 6Fă]XW
SHYUHPHIUXPRDVă
3HQWUXIRWRJUD¿HUHvQFRQGLĠLL
 8úRUVFă]XW
GHFHUQRURVVDXODDSXV
3HQWUXIRWRJUD¿HUHGHVFHQH
 8úRUFUHVFXW GHQRDSWHVDXvQFDPHUH
vQWXQHFDWH

Ɣ 3HQWUXDYHGHDYDORDUHD,62VHWDWăDXWRPDWFkQGYDORDUHD
,62HVWHVHWDWăOD>$872@DSăVDĠLEXWRQXOGHFODQúDWRUSkQăOD
MXPăWDWH
Ɣ 'HúLDOHJHUHDXQHLYDORUL,62PDLPLFLSRDWHUHGXFHDVSHFWXO
JUDQXODWDOLPDJLQLLH[LVWăXQULVFPDLPDUHFDLPDJLQLOHVă¿H
QHFODUHvQDQXPLWHFRQGLĠLLGHIRWRJUD¿HUH
Ɣ $OHJHUHDXQHLYDORUL,62PDLPDUHYDFUHúWHWLPSXOGHH[SXQHUH
FDUHSRDWHUHGXFHPLúFDUHDDSDUDWXOXLúLSRDWHvPEXQăWăĠLUD]D
GHDFĠLXQHDEOLĠXOXL7RWXúLHVWHSR]LELOFDIRWRJUD¿LOHVăDLEă
DVSHFWJUDQXODW


/XPLQR]LWDWHDLPDJLQLL ([SXQHUH

&RUHFWDUHDOXPLQR]LWăĠLLLPDJLQLL L&RQWUDVW

)RWRJUDILL )LOPH
ÌQDLQWHGHDIRWRJUD¿D]RQHOHH[FHVLYGHOXPLQRDVHVDXIRDUWHvQWXQHFDWH
SUHFXPIHĠHVDXIXQGDOXUL SRW¿GHWHFWDWHúLUHJODWHDXWRPDWOD
OXPLQR]LWDWHRSWLPă'HDVHPHQHDFRQWUDVWXOJHQHUDODOLPDJLQLLSRDWH
¿FRUHFWDWDXWRPDWvQDLQWHGHIRWRJUD¿HUHSHQWUXDSXQHPDLELQHvQ
HYLGHQĠăVXELHFWXO
Ɣ $SăVDĠLEXWRQXO> @DOHJH‫ڏ‬L
>L&RQWUDVW@GHODWDEXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L
>$XWR@ =  
Ɣ 'XSăFHDĠLHIHFWXDWVHWDUHD> @YD¿
D¿úDW

Ɣ ÌQDQXPLWHFRQGLĠLLGHIRWRJUD¿HUHFRUHFWDUHDSRDWH¿LQH[DFWă
VDXSRDWHFDX]DXQDVSHFWJUDQXODWDOLPDJLQLL

Ɣ 'HDVHPHQHDSXWHĠLFRUHFWDLPDJLQLOHH[LVWHQWH =  


&XORULLPDJLQH

5HJODUHDQLYHOXOXLGHDOE

)RWRJUDILL )LOPH
3ULQUHJODUHDQLYHOXOXLGHDOE :% SXWHĠLFRQIHULXQDVSHFWPDLQDWXUDO
FXORULORUGLQVFHQDSHFDUHGRULĠLVăRVXUSULQGHĠL
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L
> @GLQPHQLX‫ڍ‬LDOHJH‫ڏ‬LRS‫ڏ‬LXQHDGRULWă
(=  
Ɣ 2SĠLXQHDSHFDUHDĠLFRQ¿JXUDWRHVWH
D¿úDWăDFXP

6HWHD]ăDXWRPDWQLYHOXOGHDOERSWLPSHQWUX
$XWR
FRQGLĠLLOHGHIRWRJUD¿HUH
3HQWUXIRWRJUD¿HUHvQH[WHULRUSHYUHPH
/XPLQD]LOHL
IUXPRDVă
3HQWUXIRWRJUD¿HUHvQFRQGLĠLLGHFHUQRURVVDX
ÌQQRUDW
ODDSXV
3HQWUXIRWRJUD¿HUHvQOXPLQăLQFDQGHVFHQWă
7XQJVWHQ
RELúQXLWă
)OXRUHVFHQW 3HQWUXIRWRJUD¿HUHvQOXPLQăÀXRUHVFHQWăDOEă
)OXRUHVFHQW+ 3HQWUXIRWRJUD¿HUHvQOXPLQăÀXRUHVFHQWăGH]L
3HQWUXVHWDUHDPDQXDODXQXLQLYHOGHDOE
3HUVRQDOL]DW
(=  

92
&XORULLPDJLQH

1LYHOGHDOESHUVRQDOL]DW
)RWRJUDILL )LOPH
3HQWUXDREĠLQHFXORULFXDVSHFWQDWXUDOvQOXPLQDvQFDUHIRWRJUD¿DĠL
UHJODĠLQLYHOXOGHDOESHQWUXDVHSRWULYLFXVXUVDGHOXPLQăSHFDUHRDYHĠL
ODGLVSR]LĠLH6HWDĠLQLYHOXOGHDOEvQDFHHDúLVXUVăGHOXPLQăFDUHYD¿
IRORVLWăSHQWUXDIDFHIRWRJUD¿D
Ɣ 8UPDĠLSDúLLGHOD³5HJODUHDQLYHOXOXLGH
DOE´ =  SHQWUXDDOHJH> @
Ɣ ÌQGUHSWDĠLDSDUDWXOFăWUHXQVXELHFW
FRPSOHWDOEDVWIHOvQFkWWRWHFUDQXOVă¿H
DOE$SăVDĠLEXWRQXO> @
Ɣ 1XDQĠDHFUDQXOXLVHPRGL¿FăGXSăFH
LQIRUPDĠLLOHGHVSUHQLYHOXOGHDOEDXIRVW
vQUHJLVWUDWH

Ɣ &XORULOHSRWDYHDXQDVSHFWQHQDWXUDOGDFăVFKLPEDĠLVHWăULOH
DSDUDWXOXLGXSăFHvQUHJLVWUDĠLGDWHOHGHVSUHQLYHOXOGHDOE

0RGL¿FDUHDWRQXULORUGHFXORDUHDOHLPDJLQLL 0\&RORUV

)RWRJUDILL )LOPH
0RGL¿FDĠLWRQXULOHGHFXORDUHDLPDJLQLLGXSăFXPGRULĠLGHH[HPSOX
WUDQVIRUPkQGLPDJLQLOHvQLPDJLQLVHSLDVDXDOEQHJUX
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L
> @GLQPHQLX‫ڍ‬LDOHJH‫ڏ‬LRS‫ڏ‬LXQHDGRULWă
(=  
Ɣ 2SĠLXQHDSHFDUHDĠLFRQ¿JXUDWRHVWH
D¿úDWăDFXP

93
&XORULLPDJLQH

0\&RORUVRSULW ±
(YLGHQĠLHUHDFRQWUDVWXOXLúLDVDWXUDĠLHLGH
9LYLG
FXORDUHIăFkQGLPDJLQLOHPDLFODUH
7RQXULOHUHGXFFRQWUDVWXOúLVDWXUDĠLDGH
Neutru
FXORDUHSHQWUXLPDJLQLQXD‫ڍ‬DGHLQWHQVH
6HSLD &UHD]ăLPDJLQLvQWRQXULVHSLD
$1 &UHD]ăLPDJLQLDOEQHJUX
&RPELQăHIHFWHOHGHDOEDVWUXLQWHQV
YHUGHLQWHQVúLURúXLQWHQVSHQWUXDREĠLQH
)LOPSR]LWLY
LPDJLQLLQWHQVHGDUFXDVSHFWQDWXUDO
DVHPăQăWRDUHFXLPDJLQLOHXQXL¿OPSR]LWLY
7RQGHSLHOHPDL
'HVFKLGHWRQXOSLHOLL
GHVFKLV
7RQGHSLHOHPDL
ÌQFKLGHWRQXOSLHOLL
vQFKLV
$FFHQWXHD]ăQXDQĠHOHGHDOEDVWUXvQ
LPDJLQL,QWHQVL¿FăFXORULOHFHUXOXL
$OEDVWUXDSULQV
RFHDQXOXLúLDOHDOWRUVXELHFWHGHFXORDUH
DOEDVWUă
$FFHQWXHD]ăQXDQĠHOHGHYHUGHvQLPDJLQL
9HUGHDSULQV ,QWHQVL¿FăFXORULOHPXQĠLORUIUXQ]LúXOXLúLDOH
DOWRUVXELHFWHGHFXORDUHYHUGH
$FFHQWXHD]ăQXDQĠHOHGHUR‫ڍ‬XvQLPDJLQL
5RúXLQWHQV ,QWHQVL¿FăFXORDUHDVXELHFWHORUGHFXORDUH
URúLH
5HJODĠLFRQWUDVWXOFODULWDWHDVDWXUDĠLD
&XORDUH
GHFXORDUHúLDOWHVHWăULGXSăFXPGRULĠL
SHUVRQDOL]DWă
(=  

Ɣ 1LYHOXOGHDOE =  QXSRDWH¿VHWDWvQPRGXULOH> @VDX> @


Ɣ &XPRGXULOH> @‫ڍ‬L> @FXORULOHDOWHOHGHFkWWRQXULOHGHFXORDUH
DOHSLHOLLSRW¿PRGL¿FDWH(VWHSRVLELOFDDFHVWHVHWăULVăQXDLEă
UH]XOWDWHOHDúWHSWDWHvQFHHDFHSULYHúWHWRQXULOHSLHOLL

94
&XORULLPDJLQH

&XORDUHSHUVRQDOL]DWă
)RWRJUDILL )LOPH
$OHJHĠLQLYHOXOGRULWGHFRQWUDVWDOLPDJLQLLFODULWDWHDVDWXUDĠLDGHFXORDUH
WRQXULOHGHURúXYHUGHDOEDVWUXúLWRQXULOHSLHOLLvQWURJDPăGHODOD

1 $FFHVDĠLHFUDQXOSHQWUXVHWăUL
Ɣ 8UPDĠLSDúLLGHOD³0RGL¿FDUHDWRQXULORU
GHFXORDUHDOHLPDJLQLL 0\&RORUV ´
(=  SHQWUXDDOHJH> @úLDSRL
DSăVDĠLEXWRQXO> @

2 &RQ¿JXUDĠLVHWDUHD
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
RRSĠLXQHúLDSRLVSHFL¿FDĠLYDORDUHD
DSăVkQGEXWRDQHOH> @> @
Ɣ 3HQWUXHIHFWHPDLSXWHUQLFHPDLLQWHQVH
VDXWRQXULDOHSLHOLLPDLvQFKLVH UHJODĠL
YDORDUHDODGUHDSWDLDUSHQWUXHIHFWH
PDLSXĠLQLQWHQVHHVWRPSDWH VDXSHQWUX
WRQXULGHSLHOHPDLGHVFKLVH UHJODĠL
YDORDUHDODVWkQJD
Ɣ $SăVDĠLEXWRQXO> @SHQWUXD
GH¿QLWLYDVHWDUHD

95
,QWHUYDOGHIRWRJUD¿HUHúLIRFDOL]DUH

)RWRJUD¿HUHFXIXQFĠLH&ORVHXS 0DFUR

)RWRJUDILL )LOPH
3HQWUXDUHVWUkQJHDULDGHIRFDOL]DUHODVXELHFWHDÀDWHDSURDSHVHWDĠL
DSDUDWXOOD> @3HQWUXPDLPXOWHGHWDOLLGHVSUHLQWHUYDOXOGHIRFDOL]DUH
YH]L³,QWHUYDOGHIRWRJUD¿HUH´ =  
Ɣ $SăVDĠLEXWRQXO> @DSăVDĠLEXWRDQHOH
> @> @SHQWUXDDOHJH> @úLDSRLDSăVDĠL
EXWRQXO> @
Ɣ 'XSăFHDĠLHIHFWXDWVHWDUHD> @YD¿
D¿úDW

Ɣ 'DFăEOLĠXOVHGHFODQúHD]ăSRDWHDSăUHDHIHFWXOGHYLJQHWDUH
Ɣ $YHĠLJULMăVăQXGHWHULRUDĠLRELHFWLYXO
Ɣ ÌQEDUDJDOEHQăGLQ]RQDGHVXEEDUDGH]RRP> @YDFăSăWD
FXORDUHDJULLDUDSDUDWXOQXYDIRFDOL]D

Ɣ 3HQWUXDSUHYHQLWUHPXUXODSDUDWXOXLvQFHUFDĠLVăPRQWDĠLDSDUDWXO
SHXQWUHSLHGúLVăIRWRJUD¿DĠLFXDSDUDWXOVHWDWOD> @ =  

96
,QWHUYDOGHIRWRJUD¿HUHúLIRFDOL]DUH

)RWRJUD¿HUHDRELHFWHORUDÀDWHODGLVWDQĠă ,Q¿QLW

)RWRJUDILL )LOPH
3HQWUXDUHGXFHIRFDOL]DUHDODVXELHFWHOHDÀDWHODGLVWDQĠăVHWDĠLDSDUDWXOOD> @3HQWUX
PDLPXOWHGHWDOLLGHVSUHLQWHUYDOXOGHIRFDOL]DUHYH]L³,QWHUYDOGHIRWRJUD¿HUH´ = 
Ɣ $SăVDĠLEXWRQXO> @DSăVDĠLEXWRDQHOH
> @> @SHQWUXDDOHJH> @úLDSRLDSăVDĠL
EXWRQXO> @
Ɣ 'XSăFHDĠLHIHFWXDWVHWDUHD> @YD¿
D¿úDW

7HOHFRQYHUWRUGLJLWDO

)RWRJUDILL )LOPH
'LVWDQĠDIRFDOăDRELHFWLYXOXLSRDWH¿PăULWDGH[VDXDSUR[LPDWLY[$FHVWOXFUXSRDWH
UHGXFHWUHPXUXODSDUDWXOXLGHRDUHFHYLWH]DGHFODQúDWRUXOXLHVWHPDLPDUHGHFkWDU¿GDFă
DĠLIDFH]RRP LQFOXVLYIRORVLQG]RRPXOGLJLWDO ODDFHHDúLYDORDUHD]RRPXOXL
Ɣ $SăVDĠLEXWRQXO> @DOHJH‫ڏ‬L>=RRP
'LJLWDO@GHODWDEXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L
RS‫ڏ‬LXQHDGRULWă =  
Ɣ 9L]XDOL]DUHDHVWHPăULWăLDU]RRPXOHVWH
D¿úDWSHHFUDQ

Ɣ 7HOHFRQYHUWRUXOGH]RRPGLJLWDOQXSRDWH¿IRORVLWFX]RRPXO
digital (=  VDX]RRPSXQFW$) =  

Ɣ 7LPSXOGHH[SXQHUHSRDWH¿HFKLYDOHQWDWXQFLFkQGGHSODVDĠLEXWRQXO
GH]RRPSkQăODFDSăWFăWUH> @SHQWUXWHOHIRWRPD[LPúLFkQGGDĠL
]RRPSHQWUXDPăULVXELHFWXOODDFHHDúLGLPHQVLXQHXUPkQGSDVXO
GHOD³=RRPFkWPDLDSURDSHSHVXELHFWH =RRPGLJLWDO ´ =  

97
,QWHUYDOGHIRWRJUD¿HUHúLIRFDOL]DUH

6FKLPEDĠLPRGXOGH&DGUX$)

)RWRJUDILL )LOPH
0RGL¿FDĠLPRGXOFDGUXOX$) DXWRIRFDOL]DUH SHQWUXDVHSRWULYLFRQGLĠLLORU
GHIRWRJUD¿HUHGXSăFXPXUPHD]ă
Ɣ $SăVDĠLEXWRQXO> @DOHJH‫ڏ‬L>&DGUX
$)@GHODWDEXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L
RS‫ڏ‬LXQHDGRULWă =  

&HQWUX
)RWRJUDILL )LOPH
8QFDGUXO$)YD¿D¿úDWvQFHQWUX)RDUWHH¿FLHQWSHQWUXIRFDOL]DUHVLJXUă

Ɣ 8QFDGUXJDOEHQ$)HVWHD¿úDWFX> @GDFăDSDUDWXOQXSRDWH
IRFDOL]DFkQGDSăVDĠLEXWRQXOGHFODQúDWRUSkQăODMXPăWDWH

Ɣ 3HQWUXDUHGXFHGLPHQVLXQHDFDGUXOXL$)DSăVDĠLEXWRQXO> @
‫ڍ‬LVHWD‫ڏ‬L>'LPHQVLXQHFDGUX$)@GHODWDEXO> @OD>0LF@ =  
Ɣ 'LPHQVLXQHDFDGUXOXL$)HVWHVHWDWăOD>1RUPDO@DWXQFLFkQGIRORVLĠL
]RRPXOGLJLWDO =  VDXWHOHFRQYHUWRUXOWHOHGLJLWDO =  
Ɣ 3HQWUXDFRPSXQHIRWRJUD¿LDVWIHOvQFkWVXELHF‫ڏ‬LLVă¿HSR]L‫ڏ‬LRQD‫ڏ‬L
vQWURPDUJLQHVDXvQFRO‫ڏ‬vQWkLvQGUHSWD‫ڏ‬LDSDUDWXOSHQWUXD
FXSULQGHVXELHFWXOvQFDGUXO$)‫ڍ‬LDSRL‫ڏ‬LQH‫ڏ‬LDSăVDWEXWRQXO
GHFODQ‫ڍ‬DWRUODMXPăWDWHÌQWLPSFH‫ڏ‬LQH‫ڏ‬LDSăVDWEXWRQXOOD
MXPăWDWHUHFRPSXQH‫ڏ‬LIRWRJUD¿DD‫ڍ‬DFXPGRUL‫ڏ‬L‫ڍ‬LDSRLDSăVD‫ڏ‬L
EXWRQXOSkQăODFDSăW %ORFDUHIRFDOL]DUH 
Ɣ 3R]L‫ڏ‬LDFDGUXOXL$)HVWHPăULWăFkQGDSăVD‫ڏ‬LEXWRQXOGHFODQ‫ڍ‬DWRU
SkQăODMXPăWDWH‫ڍ‬L>=RRPSXQFW$)@ =  HVWHVHWDWOD>3RUQLW@

98
,QWHUYDOGHIRWRJUD¿HUHúLIRFDOL]DUH

)DFH$L$)
)RWRJUDILL )LOPH

Ɣ 'HWHFWHD]ăIHĠHOHRDPHQLORUúLDSRLVHWHD]ăIRFDOL]DUHDH[SXQHUHD
GRDUPRGXOGHPăVXUDUHHYDOXDWLYă úLQLYHOXOGHDOE GRDU> @ 
Ɣ 'XSăFHvQGUHSWDĠLDSDUDWXOFăWUHVXELHFWXQFDGUXDOEYDDSăUHDvQ
MXUXOIHĠHLSHUVRDQHLVWDELOLWHGHFăWUHDSDUDWVă¿HVXELHFWXOSULQFLSDOúL
FHOPXOWGRXăFDGUHJULVXQWD¿úDWHvQMXUXODOWRUIHĠHGHWHFWDWH
Ɣ &kQGDSDUDWXOGHWHFWHD]ăPLúFDUHFDGUHOHYRUXUPăULVXELHFWHOHvQ
PLúFDUHvQWURDQXPLWăGLVWDQĠă
Ɣ 'XSăFHDSăVDĠLEXWRQXOGHFODQúDWRUSkQăODMXPăWDWHYRU¿D¿úDWH
PD[LPQRXăFDGUHGHFXORDUHYHUGHvQMXUXOIHĠHORUSHFDUHVHIDFH
IRFDOL]DUHD

Ɣ 'DFăIHĠHOHQXVXQWGHWHFWDWHVDXGDFăGRDUFDGUHOHJULYRU¿
D¿úDWH IăUăQLFLXQFDGUXGHFXORDUHDOEă FHOPXOWQRXăFDGUH
GHFXORDUHYHUGHVXQWD¿úDWHvQ]RQHOHGHIRFDOL]DUHDWXQFLFkQG
DSăVDĠLEXWRQXOGHFODQúDWRUSkQăODMXPăWDWH
Ɣ 'DFăIHĠHOHQXVXQWGHWHFWDWHDWXQFLFkQG6HUYR$) =  
HVWHVHWDWăOD>3RUQLW@FDGUXO$)YDDSăUHDvQFHQWUXOHFUDQXOXL
FkQGDSăVDĠLEXWRQXOGHFODQúDWRUSkQăODMXPăWDWH
Ɣ ([HPSOHGHIHĠHFDUHQXSRW¿GHWHFWDWH
 6XELHFĠLLFDUHVHDÀăODGLVWDQĠăVDXIRDUWHDSURDSH
 6XELHFĠLLFDUHVHDÀăvQvQWXQHULFVDXvQOXPLQă
 3UR¿OXULGHIHĠHIHĠHGLQXQJKLVDXSDUĠLDODVFXQVH
Ɣ $SDUDWXOSRDWHLQWHUSUHWDJUHúLWIHĠHOHFDUHQXDSDUĠLQRDPHQLORU
FDIHĠHXPDQH
Ɣ 1LFLXQFDGUX$)QXHVWHD¿úDWGDFăDSDUDWXOQXSRDWHIRFDOL]D
DWXQFLFkQGDSăVDĠLEXWRQXOGHFODQúDWRUSkQăODMXPăWDWH

99
,QWHUYDOGHIRWRJUD¿HUHúLIRFDOL]DUH

$OHJHUHDSHUVRDQHLSHFDUHGRULĠLVăIRFDOL]DĠL 8UPăULUH$)
)RWRJUDILL )LOPH
)RWRJUD¿DĠLGXSăFHDOHJHĠLXQVXELHFWSHFDUHVăIRFDOL]DĠLGXSăFXP
XUPHD]ă

1 $OHJHĠL>8UPăULUH$)@
Ɣ 8UPDĠLSDúLLGHOD³6FKLPEDĠLPRGXOGH
&DGUX$)´ =  SHQWUXDDOHJH
>8UPăULUH$)@
Ɣ> @YD¿D¿úDWvQFHQWUXOHFUDQXOXL

2 $OHJHĠLXQVXELHFWSHFDUHVă
IRFDOL]DĠL
Ɣ ÌQGUHSWDĠLDSDUDWXOvQDúDIHOvQFkW> @Vă
¿HvQGUHSWDWFăWUHVXELHFWXOGRULWúLDSRL
DSăVDĠLEXWRQXO> @

Ɣ $WXQFLFkQGVXELHFWXOHVWHGHWHFWDW
DSDUDWXOVFRDWHXQVHPQDOVRQRULDU
> @HVWHD¿‫ڍ‬DW&KLDUGDFăVXELHFWXO
VHGHSODVHD]ăDSDUDWXOYDFRQWLQXD
VăXUPăUHDVFăVXELHFWXOSHRDQXPLWă
GLVWDQĠă
Ɣ 'DFăQXHVWHGHWHFWDWQLFLXQVXELHFW> @
YD¿D¿‫ڍ‬DW
Ɣ 3HQWUXDDQXODXUPăULUHDDSăVDĠLEXWRQXO
> @GLQQRX

3 )RWRJUD¿DĠL
Ɣ $SăVDĠLEXWRQXOGHFODQúDWRUSkQăOD
MXPăWDWH> @VHVFKLPEăvQ> @DOEDVWUX
FDUHXUPăUHúWHVXELHFWXOSHPăVXUăFH
DSDUDWXOFRQWLQXăVăUHJOH]HIRFDOL]DUHD
úLH[SXQHUHD 6HUYR$)  =  


,QWHUYDOGHIRWRJUD¿HUHúLIRFDOL]DUH

Ɣ $SăVDĠLEXWRQXOGHFODQúDWRUSkQăOD
FDSăWSHQWUXDIRWRJUD¿D
Ɣ &KLDUúLGXSăFHDĠLIRWRJUD¿DW> @YD
FRQWLQXDVă¿HD¿úDWLDUDSDUDWXOYD
FRQWLQXDVăXUPăUHDVFăVXELHFWXO

Ɣ >6HUYR$)@ =  HVWHVHWDWOD>3RUQLW@úLQXSRDWH¿VFKLPEDW


Ɣ 6DUSXWHDFDXUPăULUHDVăQX¿HSRVLELOăDWXQFLFkQGVXELHFWHOH
VXQWSUHDPLFLVDXVHGHSODVHD]ăSUHDUDSLGVDXFkQGFXORDUHDVDX
OXPLQR]LWDWHDVXELHFWXOXLVHSRWULYHVFIRDUWHPXOWFXFHOHDOHIXQGDOXOXL
Ɣ >=RRPSXQFW$)@GHODWDEXO> @QXHVWHGLVSRQLELOă =  
Ɣ > @úL> @QXVXQWGLVSRQLELOH

Ɣ $SDUDWXOSRDWHGHWHFWDVXELHFWHFKLDUGDFăDSăVDĠLEXWRQXO
GHFODQúDWRUSkQăODMXPăWDWHIăUăDDSăVDEXWRQXO> @'XSăFH
IDFHĠLIRWRJUD¿D> @HVWHD¿úDWvQFHQWUXOHFUDQXOXL

)RWRJUD¿HUHDFX6HUYR$)
)RWRJUDILL )LOPH
$FHVWPRGYăYDDMXWDVăSXWHĠLIDFHIRWRJUD¿LDOHVXELHFWHORUDÀDWH
vQPLúFDUHGHRDUHFHDSDUDWXOFRQWLQXăVăIRFDOL]H]HSHVXELHFWúLVă
UHJOH]HH[SXQHUHDFkWWLPSDSăVDĠLEXWRQXOGHFODQúDWRUSkQăODMXPăWDWH

1 &RQ¿JXUDĠLVHWDUHD
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L>6HUYR
$)@GHODWDEXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L>3RUQLW@
(=  

2 )RFDOL]DUH
Ɣ )RFDOL]DUHDúLH[SXQHUHDYRU¿SăVWUDWH
DFRORXQGHFDGUXO$)GHFXORDUHDOEDVWUă
HVWHD¿úDWvQWLPSFHĠLQHĠLDSăVDWEXWRQXO
GHFODQúDWRUSkQăODMXPăWDWH


,QWHUYDOGHIRWRJUD¿HUHúLIRFDOL]DUH

Ɣ (VWHSRVLELOFDIRFDOL]DUHDVăQXSRDWă¿UHDOL]DWăvQDQXPLWH
FRQGLĠLLGHIRWRJUD¿HUH
Ɣ ÌQFRQGLĠLLGHOXPLQR]LWDWHVFă]XWăHVWHSRVLELOFD6HUYR$)VăQX
¿HDFWLYDW FDGUHOH$)DUSXWHDVăQXGHYLQăDOEDVWUH FkQGDSăVDĠL
EXWRQXOGHFODQúDWRUSkQăODMXPăWDWHÌQDFHVWFD]IRFDOL]DUHDúL
H[SXQHUHDVXQWVHWDWHFRQIRUPPRGXOXLGHFDGUX$)
Ɣ ÌQFD]XOvQFDUHQXSXWHĠLREĠLQHH[SXQHUHDGRULWăWLPSXOGH
H[SXQHUHúLYDORULOHGLDIUDJPHLVXQWD¿úDWHFXSRUWRFDOLX(OLEHUDĠL
EXWRQXOGHFODQúDWRUúLDSRLDSăVDĠLOSkQăODMXPăWDWH
Ɣ )RWRJUD¿HUHDFXEORFDUH$)QXHVWHGLVSRQLELOă
Ɣ >=RRPSXQFW$)@GHODWDEXO> @QXHVWHGLVSRQLELOă =  
Ɣ 1XHVWHGLVSRQLELOăDWXQFLFkQGIRORVLĠLDXWRGHFODQúDWRUXO =  

6FKLPEDUHDVHWăULLGHIRFDOL]DUH

)RWRJUDILL )LOPH
3XWHĠLVFKLPEDRSĠLXQHDLPSOLFLWăDDSDUDWXOXLGHDIRFDOL]DFRQVWDQW
SHVXELHFWHOHFăWUHFDUHHVWHvQGUHSWDWFKLDUúLDWXQFLFkQGEXWRQXO
GHFODQúDWRUQXHVWHDSăVDWÌQVFKLPESXWHĠLOLPLWDIRFDOL]DUHDDSDUDWXOXL
ODPRPHQWXOvQFDUHDSăVDĠLEXWRQXOGHFODQúDWRUSkQăODMXPăWDWH
Ɣ $SăVDĠLEXWRQXO> @DOHJH‫ڏ‬L>$)
FRQWLQXX@GHODWDEXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L
>2SULW@ =  

$FHDVWăVHWDUHYăDMXWăVăQXUDWDĠLGLYHUVHRSRUWXQLWăĠLGH
3RUQLW IRWRJUD¿HUHGHRDUHFHDSDUDWXOIRFDOL]HD]ăFRQVWDQWSHVXELHFWH
vQDLQWHGHDDSăVDEXWRQXOGHFODQúDWRUSkQăODMXPăWDWH
3ăVWUHD]ăEDWHULDGHRDUHFHDSDUDWXOQXIRFDOL]HD]ăvQPRG
2SULW
FRQVWDQW


,QWHUYDOGHIRWRJUD¿HUHúLIRFDOL]DUH

)RWRJUD¿HUHFXEORFDUH$)

)RWRJUDILL )LOPH
)RFDOL]DUHDSRDWH¿EORFDWă'XSăEORFDUHDIRFDOL]ăULLIRFDOL]DUHDQXVH
YDVFKLPEDFKLDUGDFăULGLFDĠLGHJHWXOGHSHEXWRQXOGHFODQúDWRU

1 %ORFDĠLIRFDOL]DUHD
Ɣ &XEXWRQXOGHFODQúDWRUDSăVDWSkQăOD
MXPăWDWHDSăVDĠLEXWRQXO> @
Ɣ )RFDOL]DUHDHVWHDFXPEORFDWăúL> @
HVWHD¿úDW
Ɣ 3HQWUXDGHEORFDIRFDOL]DUHDOXDĠL
GHJHWXOGHSHEXWRQXOGHFODQúDWRUúL
DSăVDĠLEXWRQXO> @GLQQRXÌQDFHVWFD]
> @QXYDPDL¿D¿‫ڍ‬DW

2 &RPSXQHĠLIRWRJUD¿DúLIRWRJUD¿DĠL


%OLĠ

0RGL¿FDUHDPRGXOXL%OLĠ

)RWRJUDILL )LOPH
3XWHĠLVFKLPEDPRGXOEOLĠSHQWUXDVHSRWULYLFXVFHQDGHIRWRJUD¿HUH
3HQWUXGHWDOLLUHIHULWRDUHODUD]DEOLĠXOXLFRQVXOWDĠL³,QWHUYDOEOLĠ´ =  

1 5LGLFD‫܊‬LEOL‫܊‬XO

2 &RQ¿JXUDĠLVHWDUHD
Ɣ $SăVDĠLEXWRQXO> @DSăVDĠLEXWRDQHOH
> @> @SHQWUXDDOHJHXQPRGGHEOLĠúL
DSRLDSăVDĠLEXWRQXO> @
Ɣ 2SĠLXQHDSHFDUHDĠLFRQ¿JXUDWRHVWH
D¿úDWăDFXP

Ɣ (FUDQXOGHVHWDUHQXSRDWH¿DFFHVDWGDFăDSăVD‫ڏ‬LEXWRQXO> @
FkQGEOL‫ڏ‬XOQXHVWHULGLFDWÌQDLQWHULGLFD‫ڏ‬LEOL‫ڏ‬XOFXGHJHWXO

$XWR
6HGHFODQúHD]ăDXWRPDWvQFRQGLĠLLGHOXPLQR]LWDWHVFă]XWă

3RUQLW
'HFODQ‫ڍ‬HD]ăSHQWUX¿HFDUHIRWRJUD¿H

6LQFURQL]DUHOHQWă
'HFODQ‫ڍ‬HD]ăSHQWUXDOXPLQDVXELHFWXOSULQFLSDO SUHFXPRDPHQL vQWLPS
FHIRWRJUD¿D‫ڏ‬LFXXQWLPSGHH[SXQHUHOXQJSHQWUXDDYHDIXQGDOXOOXPLQDW


%OLĠ

Ɣ ÌQPRGXO> @PRQWDĠLDSDUDWXOSHXQWUHSLHGVDXOXDĠLDOWHPăVXUL
SHQWUXDOVWDELOL]DúLSHQWUXDSUHYHQLPLúFDUHDDSDUDWXOXL
6XSOLPHQWDUVHWDĠL>0RG,6@OD>2SULW@DWXQFLFkQGIRORVLĠLXQWUHSLHG
VDXDOWHPLMORDFHSHQWUXDĠLQHDSDUDWXOQHPLúFDW =  
Ɣ ÌQPRGXO> @FKLDUGXSăFHEOLĠXOVHGHFODQúHD]ăDVLJXUDĠLYăFă
VXELHFWXOQXVHPLúFăSkQăFHVXQHWXOREWXUDWRUXOXLQXVHRSUHúWH

2SULW
3HQWUXIRWRJUD¿HUHIăUăEOLĠ

Ɣ ÌQFD]XOvQFDUHXQVLPEROLQWHUPLWHQW> @HVWHD¿úDWFkQGDSăVDĠL
EXWRQXOGHFODQúDWRUSkQăODMXPăWDWHvQFRQGLĠLLvQFDUHDSDUDWXO
VHSRDWHPLúFDODOXPLQR]LWDWHVFă]XWăDúH]DĠLDSDUDWXOSHXQ
WUHSLHGVDX¿[D‫ڏ‬LDSDUDWXOSULQDOWHPLMORDFH

)RWRJUD¿HUHFXEORFDUH)(

)RWRJUDILL )LOPH
&DúLvQFD]XOEORFăULL$( = SXWHĠLEORFDH[SXQHUHDSWIRWRJUD¿HUHFXEOLĠ

1 5LGLFD‫܊‬LEOL‫܊‬XO‫܈‬LVHWD‫܊‬LPRGXOGHEOL‫܊‬
OD> @ = 

2 %ORFDĠLH[SXQHUHDFXEOLĠ
Ɣ ÌQGUHSWDĠLDSDUDWXOFăWUHVXELHFWXOSHFDUH
GRULĠLVăvOIRWRJUD¿DĠLFXH[SXQHUHDEORFDWă
&XEXWRQXOGHFODQúDWRUDSăVDWSkQăOD
MXPăWDWHDSăVDĠLEXWRQXO> @
Ɣ %OLĠXOVHYDGHFODQúDúLFkQG> @HVWHD¿úDW
QLYHOXOGHLHúLUHDEOLĠXOXLHVWHUHĠLQXW
Ɣ 3HQWUXDGHEORFD)(HOLEHUDĠLEXWRQXO
GHFODQúDWRUúLDSăVDĠLEXWRQXO> @GLQQRX
ÌQDFHVWFD]> @QXYDPDL¿D¿‫ڍ‬DW

3 &RPSXQHĠLIRWRJUD¿DúLIRWRJUD¿DĠL

Ɣ )(([SXQHUHEOLĠ


$OWHVHWăUL

6FKLPEDUHDUDSRUWXOXLGHFRPSUHVLH &DOLWDWHDLPDJLQLL

)RWRJUDILL )LOPH
$OHJHĠLGLQWUHGRXăUDSRDUWHGHFRPSULPDUH> @ 6XSHU)LQH ‫ڍ‬L> @ )LQH GXSă
FXPXUPHD]ă3HQWUXPDLPXOWHGHWDOLLUHIHULWRDUHODQXPăUXOGHIRWRJUD¿LIăFXWHOD
¿HFDUHUDSRUWGHFRPSULPDUHFDUHSRWvQFăSHDSHFDUGXOGHPHPRULHFRQVXOWDĠL
³1XPăUGHIRWRJUD¿LSHFDUGGHPHPRULH´ =  
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L
> @GLQPHQLX‫ڍ‬LDOHJH‫ڏ‬LRS‫ڏ‬LXQHDGRULWă
(=  

6FKLPEăULOHVHWăULORUDIHUHQWHPRGXOXL,6

)RWRJUDILL )LOPH

1 $FFHVDĠLHFUDQXOSHQWUXVHWăUL
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L>6HWăUL
,6@GHODWDEXO> @‫ڍ‬LDSRLDSăVD‫ڏ‬LEXWRQXO
> @ =  

2 &RQ¿JXUDĠLVHWDUHD
Ɣ $OHJHĠL>0RGXO,6@úLDSRLDOHJHĠLRSĠLXQHD
GRULWă =  
6WDELOL]DUHDRSWLPăDLPDJLQLORUSHQWUXFRQGLĠLOHGHIRWRJUD¿HUH
&RQWLQXX
HVWHDFWLYDWăvQPRGDXWRPDW ,6LQWHOLJHQW  = 
'RDU 6WDELOL]DUHDLPDJLQLLHVWHDFWLYăGRDUvQPRPHQWXO
GHFODQ‫ڍ‬DUH IRWRJUD¿HULL
2SULW 'H]DFWLYHD]ăVWDELOL]DUHDLPDJLQLL

6HWDUHDHVWHPRGL¿FDWăOD>&RQWLQXX@SHQWUXvQUHJLVWUDUHD¿OPHORU

$OWHVHWăUL

Ɣ 'DFăVWDELOL]DUHDLPDJLQLLQXSRDWHSUHYHQLWUHPXUXODSDUDWXOXL
PRQWDĠLDSDUDWXOSHXQWUHSLHGVDXOXDĠLDOWHPăVXULSHQWUXDO
PHQĠLQHQHPLúFDWÌQDFHVWFD]VHWDĠL>0RGXO,6@OD>2SULW@

)LOPDUHFXVXELHF‫܊‬LODDFHHD‫܈‬LGLPHQVLXQHFDvQDLQWH
GHvQFHSHUHD¿OPăULL
)RWRJUDILL )LOPH
ÌQPRGQRUPDOGXSăvQFHSHUHD¿OPăULL]RQDD¿úDWăDLPDJLQLLVHVFKLPEă
úLVXELHFWHOHVXQWPăULWHSHQWUXDSHUPLWHFRUHFWDUHDPLúFăULORUDSDUDWXOXL
3HQWUXDFDSWXUDVXELHF‫ڏ‬LLODDFHHD‫ڍ‬LGLPHQVLXQHFDFHDGHGLQDLQWHSXWH‫ڏ‬L
DOHJHVăQXUHGXFHĠLPLúFDUHDDSDUDWXOXL
Ɣ 8UPDĠLSDúLLGHOD³6FKLPEăULOHVHWăULORU
DIHUHQWHPRGXOXL,6´ =  SHQWUXD
DFFHVDHFUDQXO>6HWăUL,6@
Ɣ $OHJHĠL>'\QDPLF,6@úLDSRLDOHJHĠL>@
(=  

Ɣ &kQGFDOLWDWHDLPDJLQLLOD¿OPDUHHVWHVHWDWăOD> @ =  
VHWDUHD>,6'LQDPLF@HVWH>@‫ڍ‬LQXSRDWH¿PRGL¿FDWă
Ɣ 3XWH‫ڏ‬LVHWD>0RG,6@OD>2SULW@DVWIHOvQFkWVXELHFWHOHVXQW
vQUHJLVWUDWHODDFHHD‫ڍ‬LGLPHQVLXQHFDFHHDFHHUDLQGLFDWvQDLQWH



5 

0RGUHGDUH
9ăSXWH‫ڏ‬LGLVWUDSULYLQGIRWRJUD¿LOHúLFăXWkQGSULQHOHVDXHGLWkQGXOHGXSă
FXPGRULĠL

Ɣ 3HQWUXDSUHJăWLDSDUDWXOSHQWUXDFHVWHRSHUDĠLXQLDSăVDĠLEXWRQXO
> @SHQWUXDLQWUDvQPRGXO5HGDUH

Ɣ (VWHSRVLELOVăQXSXWHĠLUHGDVDXHGLWDLPDJLQLOHFDUHDXIRVW
UHGHQXPLWHVDXGHMDHGLWDWHSHXQFDOFXODWRUVDXLPDJLQLOHGHSH
DOWHDSDUDWH


9L]XDOL]DUH
)RWRJUDILL )LOPH
'XSăvQUHJLVWUDUHDGHLPDJLQLVDX¿OPHOHSXWHĠLYL]XDOL]DSHHFUDQGXSă
FXPXUPHD]ă

1 ,QWUDĠLvQPRGXO5HGDUH
Ɣ $SăVDĠLEXWRQXO> @
Ɣ 8OWLPDIRWRJUD¿HHVWHD¿úDWă

2 5ăVIRLĠLLPDJLQLOH
Ɣ 3HQWUXDYHGHDLPDJLQHDDQWHULRDUă
DSăVDĠLEXWRQXO> @3HQWUXDYHGHD
XUPăWRDUHDLPDJLQHDSăVDĠLEXWRQXO> @

Ɣ 3HQWUXDDFFHVDPRGXO$¿úDUH'HUXODUH
DSăVDĠLúLĠLQHĠLDSăVDWHEXWRDQHOH> @> @WLPS
GHFHOSXĠLQRVHFXQGăÌQDFHVWPRGDSăVDĠL
EXWRDQHOH> @> @SHQWUXDUăVIRLSULQWUHLPDJLQL
Ɣ 3HQWUXDYăvQWRDUFHODD¿úDUHDXQHLVLQJXUH
LPDJLQLDSăVDĠLEXWRQXO> @
Ɣ 3HQWUXDUăVIRLLPDJLQLOHJUXSDWHGXSăGDWD
GHIRWRJUD¿HUHDSăVDĠLEXWRDQHOH> @> @vQ
PRGXO$¿úDUH'HUXODUH
Ɣ )LOPHOHVXQWLGHQWL¿FDWHFXDMXWRUXO
VLPEROXOXL> @3HQWUXDUHGD¿OPH
PHUJHĠLODSDVXO


9L]XDOL]DUH

3 5HGDĠL¿OPH
Ɣ 3HQWUXDvQFHSHUHGDUHDDSăVDĠLEXWRQXO
> @DSăVDĠLEXWRDQHOH> @> @SHQWUX
DDOHJH> @úLDSRLDSăVDĠLEXWRQXO> @
GLQQRX

4 5HJODĠLYROXPXO
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDUHJOD
YROXPXO
Ɣ 3HQWUXDUHJODYROXPXOFkQGEDUD  
QXPDLHVWHD¿úDWăDSăVD‫ڏ‬LEXWRDQHOH
> @> @

(1) 5 2SULĠLWHPSRUDUUHGDUHD
Ɣ 3HQWUXDRSULWHPSRUDUVDXSHQWUXDUHOXD
UHGDUHDDSăVD‫ڏ‬LEXWRQXO> @
Ɣ 'XSăFHDĠLWHUPLQDWGH¿OPDW> @YD
¿D¿‫ڍ‬DW

Ɣ 3HQWUXDWUHFHODPRGXO)RWRJUD¿HUHGLQPRGXO5HGDUHDSăVDĠL
EXWRQXOGHFODQúDWRUSkQăODMXPăWDWH
Ɣ 3HQWUXDGH]DFWLYD$¿úDUHGHUXODUHDOHJHĠL0(18 =  Ź
WDE> @Ź>$¿úDUHGHUXODUH@Ź>2SULW@
Ɣ 'DFăSUHIHUD‫ڏ‬LVăVHD¿‫ڍ‬H]HFHDPDLUHFHQWăIRWRJUD¿HUHDOL]DWă
FkQGLQWUD‫ڏ‬LvQPRGXO5HGDUHDOHJHĠL0(1,8 =  ŹWDE
> @Ź>5HOXDUH@Ź>8OWLPDIRWRJUD¿H@
Ɣ 3HQWUXDVFKLPEDWUDQ]LĠLDD¿úDWăvQWUHLPDJLQLDFFHVDĠL0(1,8
(=  úLDOHJHĠLHIHFWXOGRULWvQWDEXO> @Ź>7UDQ]LĠLH@


9L]XDOL]DUH

&RPXWDĠLPRGXULOHGHD¿úDUH

)RWRJUDILL )LOPH
$SăVDĠLEXWRQXO> @SHQWUXDYHGHDDOWHLQIRUPDĠLLSHHFUDQVDXSHQWUX
DDVFXQGHLQIRUPDĠLLOH3HQWUXPDLPXOWHGHWDOLLGHVSUHLQIRUPDĠLLOHD¿úDWH
FRQVXOWDĠL³5HGDUH $¿úDUHLQIRUPDĠLLGHWDOLDWH ´ =  

1LFLRLQIRUPDĠLHD¿úDWă

$¿úDUHVLPSOăGHLQIRUPDĠLL

$¿úDUHGHLQIRUPDĠLLGHWDOLDWH

$YHUWL]DUHVXSUDH[SXQHUH SHQWUX(YLGHQĠLHUHLPDJLQH
)RWRJUDILL )LOPH
3XQFWHOHGHHYLGHQĠLHUHHVWRPSDWHGLQLPDJLQHFOLSHVFSHHFUDQvQD¿úDMXO
FXLQIRUPDĠLLGHWDOLDWH =  


9L]XDOL]DUH

+LVWRJUDPă
)RWRJUDILL )LOPH

Ɣ *UD¿FXOGLQD¿úDMXOFXLQIRUPDĠLLGHWDOLDWH
(=  HVWHRKLVWRJUDPăFDUHLQGLFă
GLVWULEXLUHDOXPLQR]LWăĠLLvQLPDJLQH
$[DRUL]RQWDOăUHSUH]LQWăJUDGXOGH
OXPLQR]LWDWHLDUD[DYHUWLFDOăDUDWă
QLYHOXOGHOXPLQR]LWDWHGHOD¿HFDUHQLYHO
9L]XDOL]DUHDKLVWRJUDPHLHVWHXQPRGGH
DYHUL¿FDH[SXQHUHD


%URZVLQJúL¿OWUDUHDLPDJLQLORU

1DYLJDUHSULQLPDJLQLGXSăLQGH[

)RWRJUDILL )LOPH
3ULQD¿úDUHDPDLPXOWRULPDJLQLvQWUXQLQGH[SXWHĠLJăVLUDSLGLPDJLQLOH
SHFDUHOHFăXWDĠL

1 $¿úDUHDLPDJLQLORUvQWUXQLQGH[
Ɣ 'HSODVDĠLEXWRQXOGH]RRPFăWUH> @
SHQWUXDD¿úDXQLQGH['DFăGHSODVDĠL
EXWRQXOGLQQRXQXPăUXOGHIRWRJUD¿L
D¿úDWHYD¿PăULW
Ɣ 3HQWUXDD¿úDPDLSXĠLQHLPDJLQL
GHSODVDĠLEXWRQXOGH]RRPFăWUH> @'H
¿HFDUHGDWăFkQGGHSODVDĠLEXWRQXOYRU¿
D¿úDWHPDLSXĠLQHLPDJLQL

2 $OHJHĠLRLPDJLQH
Ɣ $SăVDĠLEXWRDQHOH> @> @> @> @SHQWUXD
DOHJHRLPDJLQH
Ɣ 8QFDGUXSRUWRFDOLXYD¿D¿úDWvQMXUXO
LPDJLQLLVHOHFWDWH
Ɣ $SăVDĠLEXWRQXO> @SHQWUXDYL]XDOL]D
LPDJLQHDVHOHFWDWăvQWUXQD¿úDMFXR
VLQJXUăLPDJLQH


%URZVLQJúL¿OWUDUHDLPDJLQLORU

*ăVLUHDLPDJLQLORUFDUHVăVHSRWULYHDVFăXQRUFRQGL‫ڏ‬LLVSHFLILFH

)RWRJUDILL )LOPH
3XWH‫ڏ‬LJăVLUDSLGLPDJLQLOHGRULWHSHXQFDUGGHPHPRULHSOLQFX
IRWRJUD¿LSULQ¿OWUDUHDD¿‫ڍ‬DMXOXLFXLPDJLQLFRQIRUPFRQGL‫ڏ‬LLORULPSXVH
GHGXPQHDYRDVWUă'HDVHPHQHDSXWHĠLSURWHMD =  VDX‫ڍ‬WHUJH
(=  DFHVWHLPDJLQLGHRGDWă
2DPHQL $¿‫ڍ‬HD]ăLPDJLQLOHFXIHĠHGHWHFWDWH
'DWăIRWRJUD¿HUH $¿úHD]ăLPDJLQLUHDOL]DWHODRDQXPLWăGDWă
)DYRULWH $¿úHD]ăLPDJLQLHWLFKHWDWHFDIDYRULWH =  
)RWRJUD¿L)LOPH $¿úDĠLGRDUIRWRJUD¿LOHVDX¿OPHOH

1 $OHJHĠLRFRQGLĠLHGHFăXWDUH
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L> @GLQ
PHQLX‫ڍ‬LDOHJH‫ڏ‬LRFRQGL‫ڏ‬LH =  
Ɣ &kQGD‫ڏ‬LVHOHFWDW> @VDX> @DOHJH‫ڏ‬L
FRQGL‫ڏ‬LDDSăVkQGEXWRDQHOH> @> @> @> @
SHHFUDQXOD¿‫ڍ‬DW‫ڍ‬LDSRLDSăVD‫ڏ‬LEXWRQXO
> @

2 9L]XDOL]DĠLLPDJLQLOH¿OWUDWH
Ɣ ,PDJLQLOHFDUHFRUHVSXQGFRQGL‫ڏ‬LLORU
LPSXVHGHGXPQHDYRDVWUăVXQWD¿‫ڍ‬DWH
vQFDGUHJDOEHQH3HQWUXDYL]XDOL]DGRDU
DFHVWHLPDJLQLDSăVD‫ڏ‬LEXWRDQHOH> @> @
Ɣ 3HQWUXDDQXODD¿‫ڍ‬DUHD¿OWUDWăDOHJH‫ڏ‬L
> @ODSDVXO

Ɣ 'DFăDSDUDWXOQXJăVHúWHQLFLRLPDJLQHFDUHVăFRUHVSXQGă
FRQGL‫ڏ‬LLORUFRQGL‫ڏ‬LLOHUHVSHFWLYHQXVXQWGLVSRQLELOH


%URZVLQJúL¿OWUDUHDLPDJLQLORU

Ɣ 3HQWUXDD¿‫ڍ‬DVDXSHQWUXDDVFXQGHLQIRUPD‫ڏ‬LLDSăVD‫ڏ‬LEXWRQXO
> @ODSDVXO
Ɣ 2SĠLXQLOHSHQWUXYL]XDOL]DUHDLPDJLQLORUJăVLWH SDVXO LQFOXG
³1DYLJDUHSULQLPDJLQLGXSăLQGH[´ =  ³0ăULUHDLPDJLQLORU´
(=  ‫ڍ‬L³9L]XDOL]DUHDSUH]HQWăULORU´ =  3XWHĠLDSOLFD
RSHUDĠLXQLSHQWUXLPDJLQHWXWXURULPDJLQLORUJăVLWHDOHJkQG
>3URWHMDĠLWRDWHLPDJLQLOHGHODFăXWDUH@GLQ³3URWHMDUHDLPDJLQLORU´
(=  VDX>6HOHFWDUHDWXWXURULPDJLQLORUGHODFăXWDUH@vQ
³‫ڌ‬WHUJH‫ڏ‬LPDLPXOWHLPDJLQLLQVWDQWDQHX´ =  ³$GăXJDUHD
GHLPDJLQLODOLVWDGHLPSULPDUH '32) ´ =  VDX
³$GăXJDUHDGHLPDJLQLvQWUXQDEXPIRWR´ =  
Ɣ ÌQFD]XOvQFDUHHGLWD‫ڏ‬LLPDJLQLOH‫ڍ‬LOHVDOYD‫ڏ‬LFD¿‫ڍ‬LHUQRX = 
±=  XQPHVDMHVWHD¿‫ڍ‬DW‫ڍ‬LLPDJLQLOHJăVLWHQXYRUPDL¿
D¿‫ڍ‬DWH


2SĠLXQLGHYL]XDOL]DUHLPDJLQL

0ăULUHDLPDJLQLORU

)RWRJUDILL )LOPH

1 0ăULUHDXQHLLPDJLQL
Ɣ 'DFăGHSODVDĠLEXWRQXOGH]RRPFăWUH
> @YHĠLIDFH]RRPLQúLYHĠLPăUL
LPDJLQHDúL> @HVWHD¿úDW3XWHĠL
PăULLPDJLQLOHGHSkQăOD[SULQ
DSăVDUHDFRQWLQXăDEXWRQXOXLGH]RRP
Ɣ 3R]LĠLDDSUR[LPDWLYăD]RQHLD¿úDWH  
HVWHLQGLFDWăSHQWUXUHIHULQĠă
Ɣ 3HQWUXDIDFH]RRPRXWGHSODVDĠLEXWRQXO
GH]RRPFăWUH> @3XWHĠLVăUHYHQLĠLOD
D¿úDMXOFXRVLQJXUăLPDJLQHFRQWLQXkQG
VăĠLQHĠLDSăVDWSHHO
(1)
2 0XWDĠLSR]LĠLDGHD¿úDUHúLVFKLPEDĠL
LPDJLQLOHGXSăFXPGRULĠL
Ɣ 3HQWUXDPXWDSR]LĠLDGHD¿úDUHDSăVDĠL
EXWRDQHOH> @> @> @> @
Ɣ ÌQWLPSFH> @HVWHD¿úDWSXWHĠLWUHFH
OD> @SULQDSăVDUHDEXWRQXOXL> @
3HQWUXDWUHFHODDOWHLPDJLQLvQWLPSFH
IDFHĠL]RRPSHHOHDSăVDĠLEXWRDQHOH
> @> @$SăVDĠLEXWRQXO> @GLQQRXSHQWUX
DUHYHQLODVHWDUHDRULJLQDOă

Ɣ 3XWHĠLUHYHQLODD¿úDMXOXQHLVLQJXUHLPDJLQLDSăVkQGEXWRQXO
> @


2SĠLXQLGHYL]XDOL]DUHLPDJLQL

9L]XDOL]DUHDSUH]HQWăULORU

)RWRJUDILL )LOPH
5HGDĠLvQPRGDXWRPDWLPDJLQLOHGHSHXQFDUGGHPHPRULHGXSăFXP
XUPHD]ă)LHFDUHLPDJLQHHVWHD¿úDWăWLPSGHDSUR[LPDWLYWUHLVHFXQGH
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L> @GLQPHQLX
‫ڍ‬LDOHJH‫ڏ‬LRS‫ڏ‬LXQHDGRULWă =  
Ɣ 3UH]HQWDUHDYDvQFHSHODFkWHYDVHFXQGH
GXSăFHPHVDMXO>ÌQFăUFDUHLPDJLQH@HVWH
D¿úDW
Ɣ $SăVDĠLEXWRQXO> @SHQWUXDRSUL
SUH]HQWDUHD

Ɣ )XQFĠLLOHGHHFRQRPLVLUHDHQHUJLHL =  VXQWGH]DFWLYDWHvQ
WLPSXOSUH]HQWăULORU

Ɣ 3HQWUXDRSULWHPSRUDUVDXDUHOXDSUH]HQWăULOHDSăVDĠLEXWRQXO
> @
Ɣ 3XWHĠLWUHFHODDOWHLPDJLQLvQWLPSXOUHGăULLDSăVkQGEXWRDQHOH
> @> @3HQWUXGHUXODUHvQDLQWHVDXvQDSRLĠLQHĠLDSăVDWH
EXWRDQHOH> @> @
Ɣ ÌQD¿úDUHD¿OWUDWă =  GRDULPDJLQLOHFDUHvQWUXQHVF
FRQGLĠLLOHGHFăXWDUHVXQWD¿úDWH


2SĠLXQLGHYL]XDOL]DUHLPDJLQL

0RGL¿FDUHDVHWăULORUGHSUH]HQWDUH
3XWHĠLVHWDSUH]HQWăULOHVăVHUHSHWHúLSXWHĠLPRGL¿FDWUHFHUHDGHODR
LPDJLQHODDOWDúLSXWHĠLD¿úDGXUDWD¿HFăUHLLPDJLQL

1 $FFHVDĠLHFUDQXOSHQWUXVHWăUL
Ɣ $SăVDĠLEXWRQXO> @DSRLDOHJH‫ڏ‬L
>3UH]HQWDUH@GHODWDEXO> @ =  

2 &RQ¿JXUDĠLVHWăULOH
Ɣ $OHJHĠLXQDUWLFROGLQPHQLXSHQWUXDO
FRQ¿JXUDúLDSRLDOHJHĠLRSĠLXQHDGRULWă
(=  
Ɣ 3HQWUXDSRUQLSUH]HQWDUHDFXVHWăULOH
GXPQHDYRDVWUăDOHJHĠL>6WDUW@úLDSăVDĠL
EXWRQXO> @
Ɣ 3HQWUXDUHYHQLODHFUDQXOGHPHQLX
DSăVDĠLEXWRQXO> @

Ɣ >7LPSUHGDUH@QXSRDWH¿PRGL¿FDWDWXQFLFkQG>%XOH@HVWHDOHV
FD>(IHFW@


2SĠLXQLGHYL]XDOL]DUHLPDJLQL

5HGDUHDDXWRGHLPDJLQLVLPLODUH 0L[DUHLQWHOLJHQWă

)RWRJUDILL )LOPH
3RUQLQGGHODLPDJLQHDFXUHQWăDSDUDWXOYăRIHUăSDWUXLPDJLQLDVHPăQăWRDUHFX
DFHDVWDSHFDUHOHDĠLSXWHDYHGHD'XSăFHDOHJHĠLVăYHGHĠLXQDGLQWUHDFHVWH
LPDJLQLDSDUDWXOYăYDSXQHODGLVSR]LĠLHDOWHSDWUXLPDJLQL$FHDVWDHVWHXQ
PRGIRDUWHSOăFXWGHDUHGDLPDJLQLOHvQWURRUGLQHQHDúWHSWDWăÌQFHUFDĠLDFHDVWă
IXQFĠLHGXSăFHDĠLIăFXWPDLPXOWHIRWRJUD¿LvQPDLPXOWHVFHQH

1 $OHJHĠL0L[DUHLQWHOLJHQWă
Ɣ $SăVD‫ڏ‬LEXWRQXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L> @vQ
PHQLX =  
Ɣ 3DWUXLPDJLQLGLQFDUHSXWHĠLDOHJHYRU¿
D¿úDWH

2 $OHJHĠLRLPDJLQH
Ɣ $SăVDĠLEXWRDQHOH> @> @> @> @SHQWUXD
DOHJHLPDJLQHDSHFDUHGRULĠLVăRYHGHĠL
vQFRQWLQXDUH
Ɣ ,PDJLQHDSHFDUHDĠLDOHVRHVWHD¿úDWă
vQFHQWUXvQFRQMXUDWăGHXUPăWRDUHOH
SDWUXLPDJLQLGLQFDUHDĠLSXWHDDOHJH
Ɣ 3HQWUXD¿úDUHDSHWRWHFUDQXODLPDJLQLL
GLQFHQWUXDSăVDĠLEXWRQXO> @3HQWUXD
UHYHQLODD¿úDMXORULJLQDODSăVDĠLGLQQRX
EXWRQXO> @
Ɣ $SăVDĠLEXWRQXO> @SHQWUXDUHYHQL
ODD¿úDMXOXQHLVLQJXUHLPDJLQL

Ɣ 0L[DUHDLQWHOLJHQWăQXHVWHGLVSRQLELOăvQXUPăWRDUHOHFD]XUL
 ([LVWăPDLSXĠLQGHGHIRWRJUD¿LUHDOL]DWHFXDFHVWDSDUDW
 ÌQDFHVWPRPHQWHVWHD¿‫ڍ‬DWăRLPDJLQHQHDFFHSWDWă
 ,PDJLQLOHVXQWSUH]HQWDWHvQD¿‫ڍ‬DMXOSHQWUX¿OWUDUH = 


3URWHMDUHDLPDJLQLORU
)RWRJUDILL )LOPH
3URWHMDĠLLPDJLQLOHLPSRUWDQWHSHQWUXDSUHYHQLúWHUJHUHDDFFLGHQWDOăGH
FăWUHDSDUDW =  
Ɣ $SăVD‫ڏ‬LEXWRQXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L> @
vQPHQLX =  >3URWHMDW@HVWH
D¿úDW
Ɣ 3HQWUXDDQXODSURWHFĠLDUHSHWDĠLDFHVW
SURFHVúLDOHJHĠL> @GLQQRXDSRL
DSăVDĠLEXWRQXO> @

Ɣ ,PDJLQLOHSURWHMDWHSHXQFDUGGHPHPRULHYRU¿úWHUVHGDFă
IRUPDWDĠLFDUGXO = =  

Ɣ ,PDJLQLOHSURWHMDWHQXSRW¿úWHUVHFXIXQF‫ڏ‬LDGH‫ڍ‬WHUJHUHD
DSDUDWXOXL3HQWUXDOHúWHUJHPDLvQWkLDQXODĠLVHWăULOHGH
SURWHFĠLH


3URWHMDUHDLPDJLQLORU

8WLOL]DUHDPHQLXOXL

1 $FFHVDĠLHFUDQXOSHQWUXVHWăUL
Ɣ $SăVDĠLEXWRQXO> @‫ڍ‬LDOHJH‫ڏ‬L
>3URWHMDUH@GHODWDEXO> @ =  

2 $OHJHĠLRPHWRGăGHVHOHFĠLH
Ɣ $OHJHĠLXQDUWLFROGLQPHQLXúLRRS‫ڏ‬LXQH
GXSăFXPGRULĠL =  
Ɣ 3HQWUXDUHYHQLODHFUDQXOGHPHQLX
DSăVDĠLEXWRQXO> @

$OHJHUHDXQHLLPDJLQLLQGLYLGXDOH

1 $OHJHĠL>6HOHFWDUH@
Ɣ 8UPkQGSDVXOGHOD³8WLOL]DUHD
PHQLXOXL´ =  DOHJH‫ڏ‬L>6HOHFWDUH@‫ڍ‬L
DSăVD‫ڏ‬LEXWRQXO> @

2 $OHJHĠLRLPDJLQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJHR
LPDJLQHúLDSRLDSăVDĠLEXWRQXO> @> @
HVWHD¿úDW
Ɣ 3HQWUXDDQXODVHOHFWDUHDDSăVD‫ڏ‬L
EXWRQXO> @GLQQRX> @QXYDPDL¿
D¿‫ڍ‬DW
Ɣ 5HSHWDĠLDFHVWSURFHVSHQWUXDDOHJHDOWH
LPDJLQL


3URWHMDUHDLPDJLQLORU

3 3URWHMDĠLLPDJLQHD
Ɣ $SăVDĠLEXWRQXO> @8QPHVDMGH
FRQ¿UPDUHHVWHD¿úDW
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>2.@úLDSRLDSăVDĠLEXWRQXO> @

Ɣ ,PDJLQLOHQXYRU¿SURWHMDWHGDFăWUHFHĠLODPRGXOGH)RWRJUD¿HUH
VDXGDFăRSULĠLDSDUDWXOvQDLQWHGHDWHUPLQDSURFHVXOGHVHWDUH
ODSDVXO

6HOHFWDUHDXQXLLQWHUYDO

1 $OHJH‫܊‬L>6HOHFWDUHLQWHUYDO@
Ɣ 8UPkQGSDVXOGHOD³8WLOL]DUHD
PHQLXOXL´ =  DOHJH‫ڏ‬L>6HOHFWDUH
LQWHUYDO@‫ڍ‬LDSăVD‫ڏ‬LEXWRQXO> @

2 $OHJHĠLRLPDJLQHGHvQFHSXW
Ɣ $SăVDĠLEXWRQXO> @

Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJHR


LPDJLQHúLDSRLDSăVDĠLEXWRQXO> @


3URWHMDUHDLPDJLQLORU

3 $OHJHĠLRLPDJLQHSHQWUXHGLWDUH
Ɣ $SăVDĠLEXWRQXO> @SHQWUXDDOHJH>8OWLPD
LPDJLQH@DSRLDSăVDĠLEXWRQXO> @

Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJHR


LPDJLQHúLDSRLDSăVDĠLEXWRQXO> @
Ɣ ,PDJLQLOHGLQDLQWHDSULPHLLPDJLQLQXSRW
¿VHOHFWDWHFDXOWLPDLPDJLQH

4 3URWHMDĠLLPDJLQLOH
Ɣ $SăVDĠLEXWRQXO> @SHQWUXDDOHJH
>3URWHMDUH@DSRLDSăVDĠLEXWRQXO> @

Ɣ 3HQWUXDDQXODSURWHMDUHDSHQWUXLPDJLQLJUXSDWHDOHJHĠL
>'HEORFDUH@ODSDVXO


3URWHMDUHDLPDJLQLORU

3URWHMDĠLWRDWHLPDJLQLOHLQVWDQWDQHX

1 $OHJHĠL>3URWHMDUHWRDWHLPDJLQLOH@
Ɣ 8UPkQGSDVXOGHOD³8WLOL]DUHD
PHQLXOXL´ =  DOHJH‫ڏ‬L>3URWHMDUH
WRDWHLPDJLQLOH@‫ڍ‬LDSăVD‫ڏ‬LEXWRQXO> @

2 3URWHMDĠLLPDJLQLOH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>2.@úLDSRLDSăVDĠLEXWRQXO> @

ùWHUJHUHDWXWXURUSURWHFĠLLORULQVWDQWDQHX
3XWHĠLúWHUJHWRDWHSURWHFĠLLOHGHODWRDWHLPDJLQLOHRGDWă
3HQWUXDúWHUJHWRDWHSURWHFĠLLOHGHRGDWăDOHJHĠL>1HSURWHMDUHWRDWH
LPDJLQLOH@ODSDVXOGHOD³3URWHMDUHWRDWHLPDJLQLOHLQVWDQWDQHX´úLDSRL
WUHFHĠLODSDVXO


ùWHUJHUHDLPDJLQLORU
)RWRJUDILL )LOPH
3XWHĠLDOHJHúLúWHUJHSHUkQGLPDJLQLOHQHGRULWH$YHĠLJULMăFkQGúWHUJHĠL
LPDJLQLOHGHRDUHFHDFHVWHDQXSRW¿UHFXSHUDWH7RWXúLLPDJLQLOH
SURWHMDWH =  QXSRW¿úWHUVH

1 $OHJHĠLRLPDJLQHSHFDUHGRULĠLVăR
úWHUJHĠL
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
RLPDJLQH

2 ùWHUJHĠLLPDJLQHD
Ɣ $SăVDĠLEXWRQXO> @
Ɣ 'XSăD¿úDUHDPHVDMXOXL>ùWHUJHUH"@
DSăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>ùWHUJHUH@LDUDSRLDSăVDĠLEXWRQXO> @
Ɣ ,PDJLQHDFXUHQWăHVWHDFXPúWHDUVă
Ɣ 3HQWUXDDQXODúWHUJHUHDDSăVDĠL
EXWRDQHOH> @> @SHQWUXDDOHJH>$QXODUH@
úLDSRLDSăVDĠLEXWRQXO> @

‫܇‬WHUJH‫܊‬LPDLPXOWHLPDJLQLLQVWDQWDQHX

3XWHĠLVHOHFWDPDLPXOWHLPDJLQLSHQWUXúWHUJHUHGHRGDWă$YHĠLJULMăFkQG
úWHUJHĠLLPDJLQLOHGHRDUHFHDFHVWHDQXSRW¿UHFXSHUDWH7RWXúLLPDJLQLOH
SURWHMDWH =  QXSRW¿úWHUVH

$OHJHUHDXQHLPHWRGHGHVHOHFWDUH

1 $FFHVDĠLHFUDQXOSHQWUXVHWăUL
Ɣ $SăVDĠLEXWRQXO> @DSRLDOHJH‫ڏ‬L
>ùWHUJHUH@GHODWDEXO> @ =  


ùWHUJHUHDLPDJLQLORU

2 $OHJHĠLRPHWRGăGHVHOHFĠLH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
RPHWRGăGHVHOHFWDUHDSRLDSăVDĠL
EXWRQXO> @
Ɣ 3HQWUXDUHYHQLODHFUDQXOGHPHQLX
DSăVDĠLEXWRQXO> @

$OHJHUHDXQHLLPDJLQLLQGLYLGXDOH

1 $OHJHĠL>6HOHFWDUH@
Ɣ 8UPD‫ڏ‬LSDVXOGHOD³$OHJHUHDXQHL
PHWRGHGHVHOHF‫ڏ‬LH´ =  DOHJH‫ڏ‬L
>6HOHFWDUH@‫ڍ‬LDSăVD‫ڏ‬LEXWRQXO> @

2 $OHJHĠLRLPDJLQH
Ɣ 'XSăFHD‫ڏ‬LDOHVRLPDJLQHXUPkQGSDVXO
GHOD³$OHJHUHDLPDJLQLORULQGLYLGXDO´
(=  > @HVWHD¿úDW
Ɣ 3HQWUXDDQXODVHOHFWDUHDDSăVD‫ڏ‬L
EXWRQXO> @GLQQRX> @QXYDPDL¿
D¿‫ڍ‬DW
Ɣ 5HSHWDĠLDFHVWSURFHVSHQWUXDDOHJHDOWH
LPDJLQL

3 ùWHUJHĠLLPDJLQHD
Ɣ $SăVDĠLEXWRQXO> @8QPHVDMGH
FRQ¿UPDUHHVWHD¿úDW
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>2.@úLDSRLDSăVDĠLEXWRQXO> @


ùWHUJHUHDLPDJLQLORU

6HOHFWDUHDXQXLLQWHUYDO

1 $OHJH‫܊‬L>6HOHFWDUHLQWHUYDO@
Ɣ 8UPD‫ڏ‬LSDVXOGHOD³$OHJHUHDXQHL
PHWRGHGHVHOHF‫ڏ‬LH´ =  DOHJH‫ڏ‬L
>6HOHFWDUHLQWHUYDO@‫ڍ‬LDSăVD‫ڏ‬LEXWRQXO> @

2 $OHJH‫܊‬LLPDJLQLOH
Ɣ 8UPDĠLSDúLLGHOD³6HOHFWDUH
LQWHUYDO´ =  SHQWUXDDOHJH
LPDJLQLOH

3 ùWHUJHĠLLPDJLQLOH
Ɣ $SăVDĠLEXWRQXO> @SHQWUXDDOHJH
>ùWHUJHUH@DSRLDSăVDĠLEXWRQXO> @

$OHJHĠLWRDWHLPDJLQLOHLQVWDQWDQHX

1 $OHJHĠL>6HOHFWDUHWRDWHLPDJLQLOH@
Ɣ 8UPD‫ڏ‬LSDVXOGHOD³$OHJHUHDXQHL
PHWRGHGHVHOHF‫ڏ‬LH´ =  DOHJH‫ڏ‬L
>6HOHFWDUHWRDWHLPDJLQLOH@‫ڍ‬LDSăVD‫ڏ‬L
EXWRQXO> @

2 ùWHUJHĠLLPDJLQLOH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>2.@úLDSRLDSăVDĠLEXWRQXO> @


5RWLUHDLPDJLQLORU
)RWRJUDILL )LOPH
6FKLPEDĠLRULHQWDUHDLPDJLQLORUúLVDOYDĠLOHGXSăFXPXUPHD]ă

1 $OHJH‫܊‬L> @
Ɣ $SăVD‫ڏ‬LEXWRQXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L> @vQ
PHQLX =  

2 5RWLĠLLPDJLQHD
Ɣ $SăVDĠLEXWRDQHOH> @VDX> @vQIXQFĠLH
GHGLUHFĠLDGRULWă'H¿HFDUHGDWăFkQG
DSăVDĠLEXWRQXOLPDJLQHDVHURWHúWH
ODƒ$SăVDĠLEXWRQXO> @SHQWUXD
GH¿QLWLYDVHWDUHD

8WLOL]DUHDPHQLXOXL

1 $OHJHĠL>5RWLUH@
Ɣ $SăVDĠLEXWRQXO> @‫ڍ‬LDOHJH‫ڏ‬L
>5RWLUH@GHODWDEXO> @ =  


5RWLUHDLPDJLQLORU

2 5RWLĠLLPDJLQHD
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
RLPDJLQH
Ɣ 'H¿HFDUHGDWăFkQGDSăVDĠLEXWRQXO> @
LPDJLQHDVHURWHúWHFXƒ
Ɣ 3HQWUXDUHYHQLODHFUDQXOGHPHQLX
DSăVDĠLEXWRQXO> @

Ɣ 5RWLUHDQXHVWHSRVLELOăDWXQFLFkQG>$XWRURWLUH@HVWHVHWDWăOD
>2SULW@ =  

'H]DFWLYDUHDDXWRURWLULL

8UPD‫ڏ‬LDFH‫ڍ‬WLSD‫ڍ‬LSHQWUXDGH]DFWLYDDXWRPDWURWLUHDLPDJLQLLFDUHURWH‫ڍ‬WH
LPDJLQLOHvQIXQF‫ڏ‬LHGHRULHQWDUHDDSDUDWXOXL
Ɣ $SăVDĠLEXWRQXO> @DOHJH‫ڏ‬L
>$XWRURWLUH@GHODWDEXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L
>2SULW@ =  

Ɣ ,PDJLQLOHQXSRW¿URWLWH =  GDFăVHWDĠL>$XWRURWLUH@OD


>2SULW@ÌQSOXVLPDJLQLOHFDUHDXIRVWGHMDURWLWHYRU¿D¿úDWHFX
RULHQWDUHDRULJLQDOă
Ɣ ÌQPRGXO0L[DUHLQWHOLJHQWă =  FKLDUGDFă>$XWRURWLUH@HVWH
VHWDWăOD>2SULW@LPDJLQLOHUHDOL]DWHSHYHUWLFDOăYRU¿D¿úDWHFD
DWDUHLDULPDJLQLOHURWLWHYRU¿D¿úDWHFXRULHQWDUHDURWLWă


0DUFDUHDLPDJLQLORUFDIDYRULWH
)RWRJUDILL )LOPH
3XWHĠLRUJDQL]DLPDJLQLOHHWLFKHWkQGXOHFDIDYRULWH$OHJkQGRFDWHJRULHvQ
UHGDUH¿OWUDWăSXWHĠLUHVWULFĠLRQDXUPăWRDUHOHRSHUDĠLLSHQWUXWRDWHDFHVWH
LPDJLQL
Ɣ ³9L]XDOL]DUH´ =  ³9L]XDOL]DUHDSUH]HQWăULORU´ =  
³3URWHMDUHDLPDJLQLORU´ =  ³ùWHUJHUHDLPDJLQLORU´ =  
³$GăXJDUHDGHLPDJLQLODOLVWDGHLPSULPDUH '32) ´ =  
³$GăXJDUHDGHLPDJLQLvQWUXQDEXPIRWR´ = 
Ɣ $SăVD‫ڏ‬LEXWRQXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L> @vQ
PHQLX =  
Ɣ 0HVDMXO>(WLFKHWDWHFDIDYRULWH@HVWH
D¿úDW
Ɣ 3HQWUXDDQXODRHWLFKHWDUHUHSHWDĠL
SURFHVXOúLDOHJHĠL> @GLQQRXúLDSRL
DSăVDĠLEXWRQXO> @

8WLOL]DUHDPHQLXOXL

1 $OHJH‫܊‬L>)DYRULWH@
Ɣ $SăVDĠLEXWRQXO> @‫ڍ‬LDOHJH‫ڏ‬L
>)DYRULWH@GHODWDEXO> @ =  


0DUFDUHDLPDJLQLORUFDIDYRULWH

2 $OHJHĠLRLPDJLQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJHR
LPDJLQHúLDSRLDSăVDĠLEXWRQXO> @> @
HVWHD¿úDW
Ɣ 3HQWUXD‫ڍ‬WHUJHHWLFKHWDDSăVD‫ڏ‬LEXWRQXO
> @GLQQRX> @QXYDPDL¿D¿‫ڍ‬DW
Ɣ 5HSHWDĠLDFHVWSURFHVSHQWUXDDOHJH
LPDJLQLVXSOLPHQWDUH

3 )LQDOL]DĠLSURFHVXOGHVHWDUH
Ɣ $SăVDĠLEXWRQXO> @8QPHVDMGH
FRQ¿UPDUHHVWHD¿úDW
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>2.@úLDSRLDSăVDĠLEXWRQXO> @

Ɣ ,PDJLQLOHQXYRU¿HWLFKHWDWHFDIDYRULWHGDFăWUHFHĠLODPRGXOGH
)RWRJUD¿HUHVDXGDFăRSULĠLDSDUDWXOvQDLQWHGHDWHUPLQDSURFHVXO
GHVHWDUHGHODSDVXO

Ɣ ,PDJLQLOHIDYRULWHYRU¿DSUHFLDWHFXWUHLVWHOH 
DWXQFLFkQGVXQWWUDQVIHUDWHSHXQFDOFXODWRUFDUHIRORVHúWH:LQGRZV
VDX:LQGRZV 1XHVWHYDODELOSHQWUX¿OPH


(GLWDUHDIRWRJUD¿LORU

Ɣ (GLWDUHDGHLPDJLQL = ±=  HVWHGLVSRQLELOăGRDU


FkQGFDUGXOGHPHPRULHDUHVX¿FLHQWVSDĠLXOLEHU

5HGLPHQVLRQDUHDLPDJLQLORU

)RWRJUDILL )LOPH
6DOYDĠLRFRSLHDLPDJLQLLODRUH]ROXĠLHPDLPLFă

1 $OHJHĠL>5HGLPHQVLRQDUH@
Ɣ $SăVDĠLEXWRQXO> @‫ڍ‬LDOHJH‫ڏ‬L
>5HGLPHQVLRQDUH@GHODWDEXO> @
(=  

2 $OHJHĠLRLPDJLQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJHR
LPDJLQHúLDSRLDSăVDĠLEXWRQXO> @

3 $OHJHĠLRGLPHQVLXQHGHLPDJLQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
GLPHQVLXQHDúLDSRLDSăVDĠLEXWRQXO> @
Ɣ 0HVDMXO>6DOYDUHLPDJLQHQRXă"@YD¿
D¿úDW

4 6DOYDĠLQRXDLPDJLQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>2.@úLDSRLDSăVDĠLEXWRQXO> @
Ɣ ,PDJLQHDHVWHVDOYDWăDFXPFD¿úLHUQRX


(GLWDUHDIRWRJUD¿LORU

5 9HUL¿FDĠLQRXDLPDJLQH
Ɣ 0HVDMXO>6DOYDUHLPDJLQHQRXă"@YD¿
D¿úDW
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>'D@úLDSRLDSăVDĠLEXWRQXO> @
Ɣ ,PDJLQHDVDOYDWăHVWHDFXPD¿úDWă

Ɣ (GLWDUHDQXHVWHSRVLELOăSHQWUXLPDJLQLOHUHDOL]DWHODRUH]ROXĠLH
> @ =  

Ɣ ,PDJLQLOHQXSRW¿UHGLPHQVLRQDWHODRUH]ROXĠLHPDLPDUH

7ăLHUH

)RWRJUDILL )LOPH
3XWHĠLDOHJHRSRUĠLXQHGLQWURLPDJLQHSHFDUHVăRVDOYDĠLvQWUXQ¿úLHU
VHSDUDW

1 $OHJH‫܊‬L>7ăLHUH@
Ɣ $SăVDĠLEXWRQXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L
>7ăLHUH@GHODWDEXO> @ =  

2 $OHJHĠLRLPDJLQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJHR
LPDJLQHúLDSRLDSăVDĠLEXWRQXO> @


(GLWDUHDIRWRJUD¿LORU

( 1) ( 2) (3) 3 5HJODĠL]RQDGHGHFXSDUH
Ɣ 8QFDGUXYD¿D¿úDWvQMXUXO]RQHLFDUH
XUPHD]ăVă¿HGHFXSDWă  
Ɣ ,PDJLQHDRULJLQDOăHVWHLQGLFDWăvQSDUWHD
GHVXVVWkQJDLDURSUH]HQWDUHDLPDJLQLL
GHFXSDWH  YDDSăUHDvQSDUWHDGHMRV
GUHDSWD3XWHĠLYHGHDúLUH]ROXĠLDGXSă
GHFXSDUH  
Ɣ 3HQWUXDUHGLPHQVLRQDFDGUXOGHSODVDĠL
EXWRQXOGH]RRP
Ɣ 3HQWUXDPXWDFDGUXODSăVDĠLEXWRDQHOH
> @> @> @> @
Ɣ 3HQWUXDPRGL¿FDRULHQWDUHDFDGUXOXL
DSăVDĠLEXWRQXO> @
Ɣ )HĠHOHGHWHFWDWHvQLPDJLQHVXQWD¿úDWH
vQFDGUHGHFXORDUHJULvQLPDJLQHDGLQ
VWkQJDVXV3HQWUXDGHFXSDLPDJLQHDSH
ED]DDFHVWXLFDGUXDSăVDĠLEXWRQXO> @
SHQWUXDWUHFHODFHOăODOWFDGUX
Ɣ $SăVDĠLEXWRQXO> @

4 6DOYDĠLFDLPDJLQHQRXăúLYHUL¿FDĠL
Ɣ 8UPDĠLSDúLLGHOD³5HGLPHQVLRQDUH
LPDJLQL´ =  

Ɣ (GLWDUHDQXHVWHSRVLELOăSHQWUXLPDJLQLOHUHDOL]DWHODRUH]ROXĠLH
> @ =  VDXUHGLPHQVLRQDWHOD> @ =  

Ɣ ,PDJLQLOHSHQWUXGHFXSDUHYRUDYHDDFHODĠLUDSRUWGHDVSHFWGXSă
FHDXIRVWGHFXSDWH
Ɣ ,PDJLQLOHGHFXSDWHYRUDYHDRUH]ROXĠLHPDLPLFăGHFkWLPDJLQLOH
QHGHFXSDWH


(GLWDUHDIRWRJUD¿LORU

0RGL¿FDUHDWRQXULORUGHFXORDUHDOHLPDJLQLL 0\&RORUV

)RWRJUDILL )LOPH
3XWHĠLUHJODFXORULOHLPDJLQLLúLDSRLSXWHĠLVDOYDLPDJLQHDHGLWDWăFD
¿úLHUVHSDUDW3HQWUXPDLPXOWHGHWDOLLGHVSUH¿HFDUHRSĠLXQHFRQVXOWDĠL
³0RGL¿FDUHDWRQXULORUGHFXORDUHDOHLPDJLQLL 0\&RORUV ´ =  

1 $OHJH‫܊‬L>0\&RORUV@
Ɣ $SăVDĠLEXWRQXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L
>0\&RORUV@GHODWDEXO> @ =  

2 $OHJHĠLRLPDJLQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJHR
LPDJLQHúLDSRLDSăVDĠLEXWRQXO> @

3 6HOHFWDĠLRRSĠLXQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJHR
RSĠLXQHúLDSRLDSăVDĠLEXWRQXO> @

4 6DOYDĠLFDLPDJLQHQRXăúLYHUL¿FDĠL
Ɣ 8UPDĠLSDúLLGHOD³5HGLPHQVLRQDUH
LPDJLQL´ =  

Ɣ &DOLWDWHDLPDJLQLLIRWRJUD¿LORUSHFDUHOHHGLWDĠLGHPDLPXOWHRUL
vQIHOXODFHVWDYD¿GLQFHvQFHPDLVFă]XWăúLHVWHSRVLELOVăQX
SXWHĠLREĠLQHFXORDUHDGRULWă

Ɣ &XORDUHDLPDJLQLORUHGLWDWHFXDMXWRUXODFHVWHLIXQFĠLLSRDWH¿XúRU
GLIHULWăGHFXORDUHDLPDJLQLORUUHDOL]DWHFXDMXWRUXOIXQFĠLHL0\
&RORUV =  


(GLWDUHDIRWRJUD¿LORU

&RUHFWDUHDOXPLQR]LWăĠLLLPDJLQLL L&RQWUDVW

)RWRJUDILL )LOPH
=RQHOHH[FHVLYGHOXPLQRDVHVDXIRDUWHvQWXQHFDWH SUHFXPIHĠHVDX
IXQGDOXUL SRW¿GHWHFWDWHúLUHJODWHDXWRPDWODOXPLQR]LWDWHRSWLPă'H
DVHPHQHDFRQWUDVWXOJHQHUDOLQVX¿FLHQWDOLPDJLQLLHVWHFRUHFWDWDXWRPDW
SHQWUXDVFRDWHPDLPXOWSHUVRQDMXOvQHYLGHQĠă$OHJHĠLGLQWUHSDWUX
QLYHOXULGHFRUHFWDUHúLDSRLVDOYDĠLLPDJLQHDFD¿úLHUVHSDUDW

1 $OHJH‫܊‬L>L&RQWUDVW@
Ɣ $SăVDĠLEXWRQXO> @‫ڍ‬LDSRLDOHJH‫ڏ‬L
>L&RQWUDVW@GHODWDEXO> @ =  

2 $OHJHĠLRLPDJLQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJHR
LPDJLQHúLDSRLDSăVDĠLEXWRQXO> @

3 6HOHFWDĠLRRSĠLXQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJHR
RSĠLXQHúLDSRLDSăVDĠLEXWRQXO> @

4 6DOYDĠLFDLPDJLQHQRXăúLYHUL¿FDĠL
Ɣ 8UPDĠLSDúLLGHOD³5HGLPHQVLRQDUH
LPDJLQL´ =  

Ɣ 3HQWUXDQXPLWHLPDJLQLFRUHFWDUHDDUSXWHD¿QHSRWULYLWăVDXDU
SXWHDFDX]DXQDVSHFWJUDQXODWDOLPDJLQLLUHVSHFWLYH
Ɣ ,PDJLQLOHSRWDYHDXQDVSHFWJUDQXODWGXSăHGLWDUHDUHSHWDWăFX
DMXWRUXODFHVWHLIXQFĠLL

Ɣ 'DFă>$XWR@QXDUHUH]XOWDWHOHDúWHSWDWHvQFHUFDĠLVăFRUHFWDĠL
LPDJLQLOHIRORVLQGVHWăULOH>/RZ@>0HGLXP@VDX>+LJK@


(GLWDUHDIRWRJUD¿LORU

&RUHFWDUHDHIHFWXOXLGHRFKLURúLL

)RWRJUDILL )LOPH
&RUHFWHD]ăDXWRPDWLPDJLQLOHDIHFWDWHGHHIHFWXORFKLURúLL3XWHĠLVDOYD
LPDJLQLOHFRUHFWDWHvQWUXQ¿úLHUVHSDUDW

1 $OHJHĠL>&RUHFWDUHRFKLURúLL@
Ɣ $SăVDĠL> @‫ڍ‬LDSRLDOHJH‫ڏ‬L>&RUHFWDUH
RFKLURúLL@GHODWDEXO> @ =  

2 $OHJHĠLRLPDJLQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
RLPDJLQH

3 &RUHFWDĠLLPDJLQHD
Ɣ $SăVDĠLEXWRQXO> @
Ɣ 2FKLLURúLLGHWHFWDĠLGHDSDUDWYRU¿
FRUHFWDĠLLDUFDGUHOHYRU¿D¿úDWHvQMXUXO
]RQHORULPDJLQLORUFRUHFWDWH
Ɣ 0ăULĠLVDXUHGXFHĠLLPDJLQLOHGXSăFXP
DYHĠLQHYRLH8UPDĠLSDúLLGHOD³0ăULUHD
LPDJLQLORU´ =  

4 6DOYDĠLFDLPDJLQHQRXăúLYHUL¿FDĠL
Ɣ $SăVDĠLEXWRDQHOH> @> @> @> @SHQWUXD
DOHJH>)LúLHUQRX@úLDSRLDSăVDĠLEXWRQXO> @
Ɣ ,PDJLQHDHVWHVDOYDWăDFXPFD¿úLHUQRX
Ɣ 8UPDĠLSDVXOGHOD³5HGLPHQVLRQDUH
LPDJLQL´ =  

Ɣ (VWHSRVLELOFDXQHOHLPDJLQLVăQX¿HFRUHFWDWHvQPRG
FRUHVSXQ]ăWRU
Ɣ 3HQWUXDUHVFULHLPDJLQHDFRUHFWDWăSHVWHLPDJLQHDRULJLQDOăDOHJHĠL
>5HVFULHUH@ODSDVXOÌQDFHVWFD]LPDJLQHDRULJLQDOăYD¿úWHDUVă
Ɣ ,PDJLQLOHSURWHMDWHQXSRW¿VXSUDVFULVH


(GLWDUHD¿OPHORU
)RWRJUDILL )LOPH
3XWHĠLWăLD¿OPHOHSHQWUXDvQGHSăUWDSRUĠLXQLOHQHGRULWHGHODvQFHSXWVDX
GHODVIkUúLW

1 $OHJH‫܊‬L> @
Ɣ 8UPD‫ڏ‬LSD‫ڍ‬LL±GHOD³9L]XDOL]DUH´
(=  DOHJH‫ڏ‬L> @‫ڍ‬LDSăVD‫ڏ‬LEXWRQXO
> @
Ɣ 3DQRXOSHQWUXHGLWDUHD¿OPHORUúLEDUDGH
HGLWDUHYRU¿D¿úDWH

2 6SHFL¿FDĠLFHSRUĠLXQLGRULĠLVă
(1)
WăLDĠL
Ɣ  HVWHSDQRXOSHQWUXHGLWDUHD¿OPHORUúL
 HVWHEDUDGHHGLWDUH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
> @VDX> @
Ɣ 3HQWUXDYHGHDSRUĠLXQLOHSHFDUHOH
SXWHĠLWăLD LGHQWL¿FDWHFX> @SHHFUDQ 
DSăVDĠLEXWRDQHOH> @> @SHQWUXDGHSODVD
(2) > @7ăLDĠLvQFHSXWXO¿OPXOXL GHOD> @ 
DOHJkQG> @‫ڍ‬LWăLDĠLVIkUúLWXO¿OPXOXL
DOHJkQG> @
Ɣ &KLDUGDFăPXWD‫ڏ‬L> @vQDOWăSR]L‫ڏ‬LHGHFkW
VHPQXO> @vQ> @SRU‫ڏ‬LXQHDvQDLQWHGH
FHOPDLDSURSLDWVHPQ> @GHODVWkQJD
YD¿GHFXSDWăvQWLPSFHvQ> @SRU‫ڏ‬LXQHD
GXSăFHOPDLDSURSLDWVHPQ> @GHOD
GUHDSWDYD¿GHFXSDWă

3 9HUL¿FDĠL¿OPXOHGLWDW
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
> @úLDSRLDSăVDĠLEXWRQXO> @)LOPXO
HGLWDWYD¿DFXPUHGDW
Ɣ 3HQWUXDHGLWDGLQQRX¿OPXOUHSHWDĠL
SDVXO

(GLWDUHD¿OPHORU

Ɣ 3HQWUXDDQXODHGLWDUHDDSăVDĠL
EXWRDQHOH> @> @SHQWUXDDOHJH> @
$SăVDĠLEXWRQXO> @DSăVDĠLEXWRDQHOH
> @> @SHQWUXDDOHJH>2.@LDUDSRL
DSăVDĠLEXWRQXO> @GLQQRX

4 6DOYDĠL¿OPXOHGLWDW
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
> @úLDSRLDSăVDĠLEXWRQXO> @
Ɣ $SăVDĠLEXWRDQHOH> @> @> @> @SHQWUXD
DOHJH>)LúLHUQRX@úLDSRLDSăVDĠLEXWRQXO
> @
Ɣ )LOPXOHVWHVDOYDWDFXPFD¿úLHUQRX

Ɣ 3HQWUXDUHVFULH¿OPXOWăLDWSHVWH¿OPXORULJLQDODOHJHĠL
>5HVFULHUH@GHODSDVXOÌQDFHVWFD]¿OPXORULJLQDOYD¿úWHUV
Ɣ 'DFăQXHVWHVX¿FLHQWVSD‫ڏ‬LXSHFDUGXOGHPHPRULHYD¿
GLVSRQLELOăGRDURS‫ڏ‬LXQHD>6XSUDVFULHUH@
Ɣ (VWHSRVLELOVăQXSXWHĠLVDOYD¿OPHOHGDFăVHWHUPLQăEDWHULDvQ
WLPSFHVDOYDĠLVHWăULOH
Ɣ $WXQFLFkQGHGLWDĠL¿OPHHVWHELQHVăIRORVLĠLREDWHULHFRPSOHW
vQFăUFDWăVDXXQNLWFXDGDSWRU$& FRPHUFLDOL]DWVHSDUDW=  


6 

6HWăULPHQLX
3HUVRQDOL]DĠLVDXUHJODĠLIXQFĠLLOHDSDUDWXOXLSHQWUXPDLPXOWFRQIRUW


5HJODUHDIXQFĠLLORUGHED]ăDOHDSDUDWXOXL
)XQFĠLLOH0(1,8/8, =  GHODWDEXO> @SRW¿FRQ¿JXUDWH
3HUVRQDOL]DĠLIXQFĠLLOHIRORVLWHvQPRGRELúQXLWGXSăFXPGRULĠLSHQWUXPDL
PXOWFRQIRUW

2SULUHDVXQHWHORUGHIXQF‫܊‬LRQDUHDDSDUDWXOXL

2SULĠLVXQHWHOHDSDUDWXOXLúLDOH¿OPHORUvQIHOXOXUPăWRU
Ɣ $OHJHĠL>6LOHQĠLRV@úLDSRLDOHJHĠL
>3RUQLUH@

Ɣ 6XQHWXOGHIXQFĠLRQDUHDODSDUDWXOXLSRDWH¿RSULWSULQDSăVDUHD
EXWRQXOXL> @vQWLPSFHSRUQLĠLDSDUDWXO
Ɣ 6XQHWXOQXVHYDDX]LvQWLPSXO¿OPHORU =  GDFăRSULĠL
VXQHWHOHDSDUDWXOXL3HQWUXDUHGDVXQHWXOvQWLPSXO¿OPHORU
DSăVDĠLEXWRQXO> @5HJODĠLYROXPXOFXDMXWRUXOEXWRDQHORU
> @> @GXSăFXPGRULĠL

5HJODUHDYROXPXOXL

5HJODĠLYROXPXOVXQHWHORULQGLYLGXDOHDOHDSDUDWXOXLvQIHOXOXUPăWRU
Ɣ $OHJHĠL>9ROXP@úLDSRLDSăVDĠLEXWRQXO
> @
Ɣ $OHJHĠLXQDUWLFROúLDSRLDSăVDĠL
EXWRDQHOH> @> @SHQWUXDUHJODYROXPXO


5HJODUHDIXQFĠLLORUGHED]ăDOHDSDUDWXOXL

$VFXQGHUH6IDWXULúLVXJHVWLL

6IDWXULOHúLVXJHVWLLOHVXQWLQGLFDWHvQPRGQRUPDOFkQGDOHJHĠLDUWLFROH
)81& =  VDX0(18 =  'DFăGRULĠLSXWHĠLGH]DFWLYD
DFHDVWăLQIRUPDĠLH
Ɣ $OHJHĠL>6IDWXUL 6XJHVWLL@úLDSRLDOHJHĠL
>2SULW@

'DWă‫܈‬LRUă

5HJODĠLGDWDúLRUDGXSăFXPXUPHD]ă
Ɣ $OHJHĠL>'DWă2Uă@úLDSRLDSăVDĠLEXWRQXO
> @
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
RRSĠLXQHDSRLDSăVDĠLEXWRDQHOH> @> @
SHQWUXDUHJODVHWăULOH


5HJODUHDIXQFĠLLORUGHED]ăDOHDSDUDWXOXL

)XVRUDU

3HQWUXDYăDVLJXUDFăIRWRJUD¿LOHGXPQHDYRDVWUăDXRUDúLGDWDORFDOă
FRUHFWăDWXQFLFkQGFăOăWRULĠLvQVWUăLQăWDWHvQUHJLVWUDĠLGHVWLQDĠLDvQ
SUHDODELOúLWUHFHĠLODIXVXORUDUGLQ]RQDUHVSHFWLYă$FHDVWăIXQFĠLH
DYDQWDMRDVăHOLPLQăQHYRLDGHPRGL¿FDUHDVHWăULLGH'DWă2UăvQPRG
PDQXDO
ÌQDLQWHGHDIRORVLIXVXORUDUDYH‫ڏ‬LJULMăVăVHWD‫ڏ‬LGDWD‫ڍ‬LRUD‫ڍ‬LIXVXORUDU
ORFDOD‫ڍ‬DFXPHVWHGHVFULVOD³6HWDUHDGDWHLúLDRUHL´ =  

1 6SHFL¿FDĠLGHVWLQDĠLD
Ɣ $OHJHĠL>)XVRUDU@úLDSRLDSăVDĠLEXWRQXO
> @
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
> /XPH@úLDSRLDSăVDĠLEXWRQXO> @
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
GHVWLQDĠLD
Ɣ 3HQWUXDVHWDIXVXOGHYDUă RUăvQ
DYDQV DOHJHĠL> @DSăVkQGEXWRDQHOH
> @> @úLDSRLDOHJH‫ڏ‬L> @DSăVkQG
EXWRDQHOH> @> @
Ɣ $SăVDĠLEXWRQXO> @

2 7UHFHĠLODIXVXORUDUDO]RQHL
UHVSHFWLYH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXD
DOHJH> /XPH@úLDSRLDSăVDĠLEXWRQXO
> @
Ɣ > @HVWHD¿úDWDFXPSHHFUDQXOGH
IRWRJUD¿HUH =  

Ɣ 5HJODUHDGDWHLVDXDRUHLvQWLPSFHYăDÀDĠLvQPRGXO> @
(=  YDDFWXDOL]DDXWRPDWRUD‫ڍ‬LGDWDGLQ> $FDVă@


5HJODUHDIXQFĠLLORUGHED]ăDOHDSDUDWXOXL

&URQRPHWUDUHDUHWUDJHULLRELHFWLYXOXL

2ELHFWLYXOHVWHUHWUDVGHRELFHLGLQPRWLYHGHVLJXUDQĠăODDSUR[LPDWLY
XQPLQXWGXSăFHDĠLDSăVDWEXWRQXO> @vQPRGXO)RWRJUD¿HUH =  
3HQWUXFDRELHFWLYXOVăVHUHWUDJăLPHGLDWGXSăFHDSăVDĠLEXWRQXO> @
VHWD‫ڏ‬LWLPSXOGHUHWUDJHUHOD>VHF@
Ɣ $OHJHĠL>5HWUDJHUHRELHFWLY@úLDSRLDOHJHĠL
>VHF@

8WLOL]DUHPRG(FR

$FHDVWăIXQF‫ڏ‬LHYăSHUPLWHVăFRQVHUYD‫ڏ‬LHQHUJLDvQPRGXOGHIRWRJUD¿HUH
&kQGDSDUDWXOQXHVWHIRORVLWHFUDQXOVHvQWXQHFăSX‫ڏ‬LQSHQWUXDUHGXFH
FRQVXPDUHDEDWHULHL

1 &RQ¿JXUDĠLVHWDUHD
Ɣ $OHJHĠL>0RG(FR@úLDSRLDOHJHĠL>$FWLYDW@
Ɣ> @HVWHD¿úDWDFXPSHHFUDQXOGH
IRWRJUD¿HUH =  
Ɣ (FUDQXOVHvQWXQHFăDWXQFLFkQGDSDUDWXOQX
HVWHIRORVLWSHQWUXDSUR[LPDWLYGRXăVHFXQGH
GXSăDSUR[LPDWLY]HFHVHFXQGHHFUDQXOVH
RSUH‫ڍ‬WH$SDUDWXOVHRSUH‫ڍ‬WHVLQJXUGXSă
DSUR[LPDWLYWUHLPLQXWHGHLQDFWLYLWDWH

2 )RWRJUD¿DĠL
Ɣ 3HQWUXDDFWLYDHFUDQXOúLSHQWUXDYă
SUHJăWLGHIRWRJUD¿HUHFkQGHFUDQXOHVWH
RSULWGDURELHFWLYXOHVWHvQFăDIDUăDSăVDĠL
EXWRQXOGHFODQúDWRUSkQăODMXPăWDWH


5HJODUHDIXQFĠLLORUGHED]ăDOHDSDUDWXOXL

5HJODMHSHQWUXHFRQRPLVLUHDHQHUJLHL

5HJODĠLWLPSXOGHGH]DFWLYDUHDXWRPDWăDDSDUDWXOXLúLDHFUDQXOXL
UHVSHFWLY$XWRDOLPHQWDUHRSULWăúL$¿úDMRSULW GXSăFXPGRULĠL =  
Ɣ $OHJHĠL>(FRQRPLVLUHHQHUJLH@úLDSRL
DSăVDĠLEXWRQXO> @
Ɣ 'XSăFHDĠLDOHVXQDUWLFRODSăVDĠL
EXWRDQHOH> @> @SHQWUXDOHUHJODGXSă
QHFHVLWăĠL

Ɣ 3HQWUXDHFRQRPLVLEDWHULDvQPRGQRUPDOWUHEXLHVăDOHJHĠL
>3RUQLW@SHQWUX>2SULUHDXWRPDWă@úL>PLQ@VDXPDLSXĠLQSHQWUX
>$¿úDMRSULW@

Ɣ 6HWDUHD>$¿úDMRSULW@HVWHDSOLFDWăFKLDUGDFăVHWDĠL>2SULUH
DXWRPDWă@OD>2SULW@
Ɣ $FHVWHIXQF‫ڏ‬LLGHHFRQRPLVLUHDHQHUJLHLQXVXQWGLVSRQLELOHFkQG
D‫ڏ‬LVHWDWPRGXO(FR =  OD>3RUQLW@


5HJODUHDIXQFĠLLORUGHED]ăDOHDSDUDWXOXL

/XPLQR]LWDWHDHFUDQXOXL

5HJODĠLOXPLQR]LWDWHDHFUDQXOXLGXSăFXPXUPHD]ă
Ɣ $OHJHĠL>/XPLQR]LWDWHDHFUDQXOXL@úLDSRL
DSăVDĠLEXWRDQHOH> @> @SHQWUXDUHJOD
OXPLQR]LWDWHD

Ɣ 3HQWUXOXPLQR]LWDWHPD[LPăDSăVDĠLúLĠLQHĠLDSăVDWEXWRQXO
> @WLPSGHFHOSXĠLQRVHFXQGăDWXQFLFkQGHFUDQXOGH
IRWRJUD¿HUHHVWHDSăVDWVDXFkQGDSDUHD¿úDMXOSHQWUXRVLQJXUă
LPDJLQH $FHDVWDYDVFKLPEDVHWDUHD>/XPLQR]LWDWH/&'@GHOD
WDEXO> @ 3HQWUXDUHYHQLODOXPLQR]LWDWHDRULJLQDOăDSăVDĠLúL
‫ڏ‬LQHĠLDSăVDWEXWRQXO> @GLQQRXWLPSGHFHOSXĠLQRVHFXQGă
VDXUHVWDUWDĠLDSDUDWXO

$VFXQGHUHDHFUDQXOXLGHSRUQLUH

'DFăSUHIHUDĠLSXWHĠLGH]DFWLYDD¿úDUHDHFUDQXOXLGHSRUQLUHD¿úDWvQPRG
QRUPDODWXQFLFkQGSRUQLĠLDSDUDWXO
Ɣ $OHJHĠL>,PDJLQHGHSRUQLUH@úLDSRL
DOHJHĠL>2SULW@


5HJODUHDIXQFĠLLORUGHED]ăDOHDSDUDWXOXL

)RUPDWDUHDFDUGXULORUGHPHPRULH

ÌQDLQWHGHDIRORVLXQQRXFDUGGHPHPRULHVDXXQFDUGIRUPDWDWFXDOW
GLVSR]LWLYWUHEXLHVăIRUPDWDĠLFDUGXOFXDFHVWDSDUDW
)RUPDWDUHDúWHUJHWRDWHGDWHOHGHSHFDUGXOGHPHPRULHÌQDLQWHGH
IRUPDWDUHFRSLDĠLLPDJLQLOHGHSHFDUGXOGHPHPRULHSHXQFDOFXODWRUVDX
OXDĠLDOWHPăVXULSHQWUXDOHSURWHMD
8QFDUG(\H)L =  DUHVRIWZDUHXOLQFOXVSHHOÌQDLQWHGH
IRUPDWDUHDXQXLFDUG(\H)LLQVWDODĠLVRIWZDUHXOSHXQFDOFXODWRU

1 $FFHVDĠLHFUDQXO>)RUPDWDUH@
Ɣ $OHJHĠL>)RUPDWDUH@úLDSRLDSăVDĠL
EXWRQXO> @

2 $OHJHĠL>2.@
Ɣ $SăVD‫ڏ‬LEXWRDQHOH> @> @SHQWUXDDOHJH
>$QXODUH@DSăVD‫ڏ‬LEXWRDQHOH> @> @SHQWUX
DDOHJH>2.@‫ڍ‬LDSRLDSăVD‫ڏ‬LEXWRQXO> @

3 )RUPDWDĠLFDUGXOGHPHPRULH
Ɣ 3HQWUXDvQFHSHSURFHVXOGHIRUPDWDUH
DSăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>2.@úLDSRLDSăVDĠLEXWRQXO> @
Ɣ &kQGDĠLWHUPLQDWIRUPDWDUHDPHVDMXO
>)RUPDWDUHFRPSOHWăFDUGGHPHPRULH@
YD¿D¿úDW$SăVDĠLEXWRQXO> @

Ɣ 3ULQIRUPDWDUHDVDXúWHUJHUHDGDWHORUGHSHXQFDUGGHPHPRULH
VFKLPEDĠLGRDULQIRUPDĠLLOHGHJHVWLRQDUHD¿úLHUXOXLGHSHFDUG
LDUDFHVWOXFUXQXUHSUH]LQWăRJDUDQĠLHDúWHUJHULLFRPSOHWH
DFRQĠLQXWXOXL$WXQFLFkQGWUDQVIHUDĠLVDXYăGHEDUDVDĠLGH
FDUGXULOHGHPHPRULHOXDĠLPăVXULGHSURWHMDUHDLQIRUPDĠLLORU
SHUVRQDOHGDFăHVWHQHFHVDUGHH[HPSOXSULQGLVWUXJHUHD¿]LFă
DFDUGXULORU


5HJODUHDIXQFĠLLORUGHED]ăDOHDSDUDWXOXL

Ɣ &DSDFLWDWHDWRWDOăDFDUGXOXLLQGLFDWăSHHFUDQXOGHIRUPDWDUH
SRDWH¿PDLPLFăGHFkWFDSDFLWDWHDGHFODUDWă

)RUPDWDUHVLPSOă
(IHFWXDĠLIRUPDWDUHVLPSOăvQDFHVWHFD]XUL>(URDUHFDUGGHPHPRULH@
HVWHD¿úDWDSDUDWXOQXIXQFĠLRQHD]ăFRUHFWFLWLUHDVFULHUHDFDUGXOXL
GHPHPRULHPHUJHOHQWIRWRJUD¿HUHDvQUDIDOăIXQFĠLRQHD]ăOHQWVDX
vQUHJLVWUDUHD¿OPHORUVHRSUHúWHEUXVF)RUPDWDUHDVLPSOăúWHUJHWRDWH
GDWHOHGHSHFDUGXOGHPHPRULHÌQDLQWHGHIRUPDWDUHDVLPSOăFRSLDĠL
LPDJLQLOHGHSHFDUGXOGHPHPRULHSHXQFDOFXODWRUVDXOXDĠLDOWHPăVXUL
SHQWUXDOHSURWHMD
Ɣ 3HHFUDQXOGHODSDVXOGHOD³)RUPDWDUH
FDUGXULGHPHPRULH´ =  DSăVD‫ڏ‬L
EXWRDQHOH> @> @SHQWUXDDOHJH
>)RUPDWDUHVLPSOă@‫ڍ‬LDSRLDSăVD‫ڏ‬L
EXWRDQHOH> @> @SHQWUXDVHOHFWDDFHDVWă
RS‫ڏ‬LXQH6LPEROXO> @HVWHD¿úDW
Ɣ 8UPD‫ڏ‬LSD‫ڍ‬LLGHOD³)RUPDWDUH
FDUGXULGHPHPRULH´ =  SHQWUXD
FRQWLQXDSURFHVXOGHIRUPDWDUH

Ɣ )RUPDWDUHDVLPSOăGXUHD]ăPDLPXOWGHFkW³)RUPDWDUHDFDUGXULORU
GHPHPRULH´ =  GHRDUHFHGDWHOHVXQWúWHUVHGLQWRDWH
]RQHOHGHVWRFDUHGHSHFDUGXOGHPHPRULH
Ɣ 3XWHĠLDQXODIRUPDWDUHDVLPSOăvQFXUVDOHJkQG>6WRS@ÌQDFHVW
FD]WRDWHGDWHOHYRU¿úWHUVHGDUFDUGXOGHPHPRULHSRDWH¿
IRORVLWQRUPDO


5HJODUHDIXQFĠLLORUGHED]ăDOHDSDUDWXOXL

1XPHURWDUH¿úLHU

)RWRJUD¿LOHVXQWQXPHURWDWHvQPRGDXWRPDWvQRUGLQHDVHFYHQĠHORU 
± úLVDOYDWHvQGLUHFWRDUHDFkWHGHIRWRJUD¿L3XWHĠLPRGL¿FD
PRGXOvQFDUHDSDUDWXODOHJHQXPHUHOHGH¿úLHU
Ɣ $OHJHĠL>1XPHURWDUH¿úLHU@úLDSRLDOHJHĠL
RRSĠLXQH

,PDJLQLOHVXQWQXPHURWDWHFRQVHFXWLY SkQăOD
&RQWLQXX IRWRJUD¿DFXQXPăUXOHIHFWXDWăVDOYDWă FKLDU
GDFăVFKLPEDĠLFDUGXULOHGHPHPRULH
1XPHURWDUHDLPDJLQLORUVHUHVHWHD]ăGHODGDFă
Resetare
VFKLPEDĠLFDUGXULOHGHPHPRULHVDXDWXQFLFkQGFUHDĠL
DXWR
XQQRXGLUHFWRU

Ɣ ,QGLIHUHQWGHRSĠLXQHDVHOHFWDWăODDFHDVWăVHWDUHIRWRJUD¿LOHSRW
¿QXPHURWDWHvQPRGFRQVHFXWLYGXSăXOWLPXOQXPăUDOLPDJLQLORU
GHSHFDUGXULOHGHPHPRULHLQWURGXVH3HQWUXDvQFHSHVDOYDUHD
IRWRJUD¿LORUGHODIRORVLĠLXQFDUGGHPHPRULHQHVFULV VDX
IRUPDWDW =  


5HJODUHDIXQFĠLLORUGHED]ăDOHDSDUDWXOXL

6WRFDUHGHLPDJLQLSHED]ăGHGDWH

ÌQORFVăVDOYDĠLLPDJLQLvQGLUHFWRDUHOHFUHDWHvQ¿HFDUHOXQăSXWHĠLSXQH
DSDUDWXOVăFUHH]HGLUHFWRDUHvQ¿HFDUH]LFkQGIRWRJUD¿DĠLSHQWUXDVWRFD
IRWRJUD¿LOHUHDOL]DWHvQ]LXDUHVSHFWLYă
Ɣ $OHJHĠL>&UHDUHGLUHFWRU@úLDSRLDOHJHĠL
>=LOQLF@
Ɣ ,PDJLQLOHYRU¿VDOYDWHvQGLUHFWRDUH
FUHDWHODGDWD¿HFăUHLIRWRJUD¿HUL

9HUL¿FDUHVLPEROXULFHUWL¿FăUL

$QXPLWHVLPEROXULSHQWUXFHUWL¿FăULOHFHUXWHGHDSDUDWSRW¿YL]XDOL]DWHSH
HFUDQ$OWHVLPEROXULGHFHULWL¿FDUHVXQWLPSULPDWHvQDFHVWJKLGSHFXWLD
DSDUDWXOXLVDXSHFRUSXODSDUDWXO
Ɣ $OHJH‫ڏ‬L>$¿‫ڍ‬DUHORJRFHUWL¿FDUH@‫ڍ‬LDSRL
DSăVD‫ڏ‬LEXWRQXO> @


5HJODUHDIXQFĠLLORUGHED]ăDOHDSDUDWXOXL

/LPEăGHD¿úDUH

6FKLPEDĠLOLPEDGHD¿úDUHGXSăQHFHVLWăĠL
Ɣ $OHJHĠL>/LPEă @úLDSRLDSăVDĠLEXWRQXO
> @
Ɣ $SăVDĠLEXWRDQHOH> @> @> @> @SHQWUXD
DOHJHROLPEăDSRLDSăVDĠLEXWRQXO> @

Ɣ 'HDVHPHQHDSXWHĠLDFFHVDHFUDQXO>/LPEă@vQPRGXOGH5HGDUH
DSăVkQGúLĠLQkQGDSăVDWEXWRQXO> @úLDSăVkQGLPHGLDWEXWRQXO
> @

5HJODUHDDOWRUVHWăUL

'HDVHPHQHDXUPăWRDUHOHVHWăULSRW¿UHJODWHFXDMXWRUXOWDEXOXL> @
Ɣ >6LVWHPYLGHR@ = 
Ɣ >6HWăUL(\H)L@ = 


5HJODUHDIXQFĠLLORUGHED]ăDOHDSDUDWXOXL

5HYHQLUHDODVHWăULOHLPSOLFLWH

'DFăVFKLPEDĠLvQPRGDFFLGHQWDORVHWDUHSXWHĠLUHYHQLODVHWăULOH
LPSOLFLWHDOHDSDUDWXOXL

1 $FFHVDĠLHFUDQXO>5HVHWDUHWRWDOă@
Ɣ $OHJHĠL>5HVHWDUHWRWDOă@úLDSRLDSăVDĠL
EXWRQXO> @

2 5HYHQLĠLODVHWăULOHLPSOLFLWH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>2.@úLDSRLDSăVDĠLEXWRQXO> @
Ɣ 6HWăULOHLPSOLFLWHVXQWUHDFWLYDWHDFXP

Ɣ 8UPăWRDUHOHIXQFĠLLQXUHYLQODVHWăULOHLPSOLFLWH
 6HWăULOHWDEXOXL> @>'DWD2UD@ =  >)XVXORUDU@ =  
>/LPED @ =  ‫ڍ‬L>6LVWHPYLGHR@ = 
 'DWHOHGHQLYHOGHDOESHUVRQDOL]DWSHFDUHOHDĠLvQUHJLVWUDW
(= 
 0RGIRWRJUD¿HUH = 



7
$FFHVRULL
)RORVLĠLFXSOăFHUHDSDUDWXOFXDMXWRUXODFFHVRULLORU&DQRQRSĠLRQDOHúLDO
DOWRUDFFHVRULLFRPSDWLELOHFRPHUFLDOL]DWHVHSDUDW


+DUWăVLVWHP
$FFHVRULLLQFOXVH

Baterie ÌQFăUFăWRUEDWHULH &DSDF


&XUHDGHPkQă
1%/+  &%/)&%/)(  RELHFWLY
FX‫ڍ‬QXU

&DEOX86% FDSăWDSDUDW0LQL% 2

&DUGGHPHPRULH &LWLWRUFDUGXUL &DOFXODWRU

$OLPHQWDUH &DEOXUL

&DEOX$9$9&'& 6LVWHP79
9LGHR
$GDSWRU$&
8QLWDWHEOLĠ ,PSULPDQWHFRPSDWLELOH
$&.'&
3LFW%ULGJH

%OLĠFXSXWHUHPDUH
+)'&
 'LVSRQLELOGHDVHPHQHDSHQWUXDFKL]LĠLRQDUHVHSDUDWă
 (VWHGLVSRQLELO‫ڍ‬LXQDFFHVRULX&DQRQRULJLQDO &DEOXLQWHUID‫ڏ‬ă,)&3&8 


+DUWăVLVWHP

6HUHFRPDQGăXWLOL]DUHDDFFHVRULLORU&DQRQRULJLQDOH

$FHVWSURGXVDIRVWFUHDWSHQWUXDREĠLQHSHUIRUPDQĠHH[FHOHQWHGDFăHVWH
IRORVLWvPSUHXQăFXDFFHVRULL&DQRQRULJLQDOH
&DQRQQXYD¿UăVSXQ]ăWRUSHQWUXQLFLXQIHOGHGHWHULRUăULDOHDFHVWXL
SURGXVúLVDXDFFLGHQWHFXPDU¿LQFHQGLLHWFFDX]DWHGHGHIHFWDUHD
DFFHVRULLORUQHRULJLQDOH&DQRQ GHH[HPSOXVFXUJHUHDúLVDXH[SOR]LD
VHWXOXLGHEDWHULL /XDĠLODFXQRúWLQĠăFăDFHDVWăJDUDQĠLHQXVHDSOLFă
UHSDUDĠLLORUDSăUXWHvQXUPDGHIHFWăULLDFFHVRULLORUQHRULJLQDOH&DQRQGHúL
SXWHĠLVROLFLWDDVWIHOGHUHSDUDĠLLFRQWUDFRVW


$FFHVRULLRSĠLRQDOH
8UPăWRDUHOHDFFHVRULLDOHDSDUDWXOXLVHFRPHUFLDOL]HD]ăVHSDUDW7UHEXLH
VăĠLQHĠLFRQWFăGLVSRQLELOLWDWHDHVWHvQIXQFĠLHGH]RQăúLFăDQXPLWH
DFFHVRULLDUSXWHDVăQXPDL¿HGLVSRQLELOH

$OLPHQWDUH

%DWHULH1%/+
Ɣ %DWHULHUHvQFăUFDELOăOLWLXLRQ

ÌQFăUFăWRUEDWHULH&%/)&%/)(
Ɣ ÌQFăUFăWRUSHQWUXEDWHULL1%/+

Ɣ %DWHULDLQFOXGHXQFDSDFSHFDUHvOSXWH‫ڏ‬LSR]L‫ڏ‬LRQDDVWIHOvQFkWVă
‫ڍ‬WL‫ڏ‬LGDFăEDWHULDHVWHvQFăUFDWăLPHGLDW$SOLFkQGFDSDFXODVWIHO
vQFkW Vă¿HYL]LELOSHEDWHULDvQFăUFDWăúLDSOLFkQGXODVWIHO
vQFkW VăQX¿HYL]LELOSHREDWHULHQHvQFăUFDWă
Ɣ (VWHFRPSDWLELOăúLEDWHULD1%/
Ɣ 6XQWFRPSDWLELOHvQFăUFăWRDUHOH&%/'úL&%/'(

$GDSWRU$&$&.'&
Ɣ 3HQWUXDOLPHQWDUHIRORVLQGHQHUJLHFDVQLFă
(VWHUHFRPDQGDWDWXQFLFkQGIRORVLĠL
DSDUDWXOSHQWUXSHULRDGHPDLPDULGHWLPS
VDXDWXQFLFvQGFRQHFWDĠLDSDUDWXOODR
LPSULPDQWăVDXODXQFDOFXODWRU1XSRDWH¿
IRORVLWODvQFăUFDUHDEDWHULHLvQDSDUDW

Ɣ ÌQFăUFăWRUXOGHEDWHULHúLDGDSWRUXO$&SRW¿IRORVLWHvQ]RQHFX
YROWDMGH±9$& +] 
Ɣ 3HQWUXSUL]HFXIRUPDWGLIHULWIRORVLĠLXQDGDSWRUGLVSRQLELOvQ
FRPHUĠ1XIRORVLĠLWUDQVIRUPDWRDUHHOHFWULFHSHQWUXFăOăWRULL
GHRDUHFHDFHVWHDDUSXWHDDIHFWDEDWHULD


$FFHVRULLRSĠLRQDOH

8QLWDWHEOLĠ

%OLĠFXSXWHUHPDUH+)'&
Ɣ %OLĠH[WHUQSHQWUXOXPLQDUHDVXELHFĠLORU
FDUHQXVHDÀăvQUD]DEOLĠXOXLvQFRUSRUDW

$OWHDFFHVRULL

&DEOXLQWHUIDĠă,)&3&8
Ɣ 3HQWUXDFRQHFWDDSDUDWXOODXQFDOFXODWRU
VDXRLPSULPDQWă

&DEOX$9$9&'&
Ɣ &RQHFWDĠLDSDUDWXOODXQWHOHYL]RUSHQWUX
DYăSXWHDEXFXUDGHLPDJLQLSHXQHFUDQ
PDLPDUH

,PSULPDQWă

,PSULPDQWH&DQRQFRPSDWLELOH
3LFW%ULGJH
Ɣ &KLDUúLIăUăDIRORVLXQFDOFXODWRUSXWHĠL
LPSULPDLPDJLQLFRQHFWkQGDSDUDWXOGLUHFW
ODRLPSULPDQWă
3HQWUXGHWDOLLDGUHVD‫ڏ‬LYăFHOXLPDL
DSURSLDWGHDOHU&DQRQ


8WLOL]DUHDGHDFFHVRULLRSĠLRQDOH
)RWRJUDILL )LOPH

5HGDUHSHXQWHOHYL]RU

)RWRJUDILL )LOPH
&RQHFWDUHDDSDUDWXOXLODXQWHOHYL]RUFXDMXWRUXOXQXLFDEOX$9$9&'&
FRPHUFLDOL]DWVHSDUDW YăSHUPLWHVăYHGHĠLIRWRJUD¿LOHSHXQHFUDQPDLPDUH
DOWHOHYL]RUXOXLIRORVLQGFRPHQ]LOHDSDUDWXOXL3HQWUXGHWDOLLUHIHULWRDUHOD
FRQHFWDUHVDXODWUHFHUHDGHODRLQWUDUHODDOWDFLWLĠLPDQXDOXOWHOHYL]RUXOXL

Ɣ (VWHSRVLELOFDDQXPLWHLPDJLQLVăQXVHD¿úH]HDWXQFLFkQGVXQW
YL]XDOL]DWHSHXQWHOHYL]RU =  

1 $VLJXUDĠLYăFăDSDUDWXOúL
WHOHYL]RUXOVXQWRSULWH

2 &RQHFWDĠLDSDUDWXOOD79
Ɣ /DWHOHYL]RULQWURGXFHĠLPXIDFDEOXOXLvQ
LQWUăULOHYLGHRFRQIRUPLQGLFDĠLLORU
Ɣ $VLJXUDĠLYăFăWRĠLFRQHFWRULLSHQWUXFDEOXUL
VXQWLQWURGXĠLvQPXIHGHDFHHDúLFXORDUH

Ɣ 3HDSDUDWGHVFKLGHĠLFDSDFXOWHUPLQDOXOXL
úLLQWURGXFHĠLPXIDFDEOXOXLvQWHUPLQDO

3 3RUQLĠLWHOHYL]RUXOúLWUHFHĠLSH
LQWUDUHYLGHR
Ɣ 7UHFHĠLGHODLQWUDUH79ODLQWUDUHDYLGHR
ODFDUHDĠLFRQHFWDWFDEOXOODSDVXO

8WLOL]DUHDGHDFFHVRULLRSĠLRQDOH

4 3RUQLĠLDSDUDWXO
Ɣ $SăVDĠLEXWRQXO> @SHQWUXDSRUQLDSDUDWXO
Ɣ ,PDJLQLOHGLQDSDUDWVXQWDFXPD¿úDWH
SHWHOHYL]RU 1XDSDUHQLPLFSHHFUDQXO
DSDUDWXOXL
Ɣ &kQGWHUPLQDĠLRSULĠLDSDUDWXOúL
WHOHYL]RUXOvQDLQWHGHDGHFRQHFWDFDEOXO

Ɣ $¿úDUHDFRUHFWăQXYD¿SRVLELOăGHFkWvQFD]XOvQFDUHIRUPDWXO
GHLHúLUHDOFDPHUHLYLGHR 176&VDX3$/ VHSRWULYHúWHFX
IRUPDWXO793HQWUXDVFKLPEDIRUPDWXOGHLHúLUHYLGHRDSăVDĠL
EXWRQXO> @úLDOHJHĠL>6LVWHPYLGHR@GHODWDEXO> @

$OLPHQWDUHDDSDUDWXOXLGHODRVXUVăGHX]FDVQLF

)RWRJUDILL )LOPH
$OLPHQWDUHDDSDUDWXOXLFXXQDGDSWRU$&.LW$&.'& FRPHUFLDOL]DW
VHSDUDW HOLPLQăQHYRLDGHDPRQLWRUL]DQLYHOXOGHEDWHULHUăPDV

1 $VLJXUDĠLYăFăDSDUDWXOHVWHRSULW

2 'HVFKLGHĠLFDSDFXO
(2) Ɣ 8UPDĠLSDVXOGHOD³,QWURGXFHUHDEDWHULHL
‫ڍ‬LDFDUGXOXLGHPHPRULH´ =  SHQWUX
(1) DGHVFKLGHFDSDFXOFDUGXOXLGHPHPRULHDO
EDWHULHLúLDSRLGHVFKLGHĠLFDSDFXOSRUWXOXL
FDEOXOXLGHFXSODUHFRQIRUPLQGLFDĠLLORU

3 ,QWURGXFHĠLGLVSR]LWLYXOGHFXSODUH
Ɣ ÌQWLPSFHĠLQHĠLGLVSR]LWLYXOGHFXSODUH
FXWHUPLQDOHOH  DúDFXPHVWHLQGLFDW
LQWURGXFHĠLGLVSR]LWLYXOGHFXSODUHODIHO
FXPDĠLSURFHGDFXREDWHULH XUPkQG
SDVXOGHOD³,QWURGXFHUHDEDWHULHL‫ڍ‬LD
FDUGXOXLGHPHPRULH´ =  
(1)


8WLOL]DUHDGHDFFHVRULLRSĠLRQDOH

Ɣ $VLJXUDĠLYăFăDFHVWFDEOXWUHFHSULQ
SRUW  

(1 )

(1) 4 ÌQFKLGHĠLFDSDFXO
Ɣ /ăVD‫ڏ‬LvQMRVFDSDFXO  úLĠLQHĠLODSăVDW
vQWLPSFHvOJOLVDĠLSkQăFkQGVHvQFKLGH
(2) FXXQFOLF  

5 &RQHFWD‫܊‬LFDEOXOGHDOLPHQWDUH
Ɣ ,QWURGXFHĠLúWHFăUXODGDSWRUXOXLvQFDSăWXO
FDEOXOXLGHOHJăWXUă

Ɣ ,QWURGXFHĠLFDSăWXOFDEOXOXLGHDOLPHQWDUH
vQDGDSWRUXOFRPSDFWúLDSRLLQWURGXFHĠL
FHOăODOWFDSăWvQSUL]ă
Ɣ 3RUQLĠLDSDUDWXOúLIRORVLĠLOGXSăFXP
GRULĠL
Ɣ 'XSăFHWHUPLQDĠLRSULĠLDSDUDWXOúL
VFRDWHĠLFDEOXOGHDOLPHQWDUHGLQSUL]ă

Ɣ 1XGHFRQHFWDĠLDGDSWRUXOúLQXVFRDWHĠLFDEOXOGHDOLPHQWDUH
vQWLPSFHDSDUDWXOHVWHvQFăSRUQLWÌQFD]FRQWUDUIRWRJUD¿LOH
GXPQHDYRDVWUăDUSXWHD¿úWHUVHVDXDĠLSXWHDGHWHULRUDDSDUDWXO
Ɣ 1XFRQHFWDĠLDGDSWRUXOVDXFDEOXODGDSWRUXOXLODDOWHRELHFWH
3URFHGkQGDVWIHOSXWHĠLGHIHFWDVDXGHWHULRUDSURGXVXO


8WLOL]DUHVRIWZDUH
'XSăFHD‫ڏ‬LGHVFăUFDWVRIWZDUHXOGHSHVLWHXO&DQRQ‫ڍ‬LOD‫ڏ‬LLQVWDODW
SXWHĠLIDFHXUPăWRDUHOHDFWLYLWăĠLSHFDOFXODWRUXOGXPQHDYRDVWUă
Ɣ &DPHUD:LQGRZ
 ,PSRUWDĠLLPDJLQLúLVFKLPEDĠLVHWăULOHDSDUDWXOXL

Ɣ &kQGUHYHGH‫ڏ‬LVDXHGLWD‫ڏ‬LLPDJLQLOHLPSRUWDWHSHXQFDOFXODWRU
IRORVL‫ڏ‬LvQWRWGHDXQDVRIWZDUHFRPSDWLELOFXLPDJLQLOHvQUHJLVWUDWH
FXDFHVWDSDUDW VRIWZDUHLQVWDODWSHFDOFXODWRUVDXXQVRIWZDUH
JHQHUDO 

9HUL¿FD‫܊‬LFDOFXODWRUXO

6RIWZDUHXOSRDWH¿IRORVLWSHXUPăWRDUHOHFDOFXODWRDUH3HQWUXFHULQ‫ڏ‬HDOH
VLVWHPXOXLGHWDOLDWH‫ڍ‬LLQIRUPD‫ڏ‬LLGHVSUHFRPSDWLELOLWDWHLQFOXVLYVXSRUWXOvQ
VLVWHPHGHRSHUDUHQRLFRQVXOWD‫ڏ‬LVLWHXOZHE&DQRQ
:LQGRZV 0DF26
6LVWHPGH
RSHUDUH :LQGRZV 0DF26;
:LQGRZV63 0DF26;

Ɣ 9HUL¿FDĠLVLWHXO&DQRQSHQWUXXOWLPHOHQRXWăĠLGHVSUHVLVWHPH
LQFOXVLYSHQWUXYHUVLXQLGHVLVWHPHGHRSHUDUHDFFHSWDWH


8WLOL]DUHVRIWZDUH

,QVWDODUH6RIWZDUH

:LQGRZVúL0DF26;VXQWIRORVLWHvQDFHVWFD]FDH[HPSOX

1 'HVFăUFD‫܊‬LVRIWZDUHXO
Ɣ &XXQFDOFXODWRUFRQHFWDWOD,QWHUQHW
DFFHVD‫ڏ‬LKWWSZZZFDQRQFRPLFSG
Ɣ $FFHVD‫ڏ‬LVLWHXOSHQWUXUHJLXQHDVDX‫ڏ‬DUD
GXPQHDYRDVWUă
Ɣ 'HVFăUFD‫ڏ‬LVRIWZDUHXO

2 ,QVWDODĠL¿úLHUHOH
Ɣ )DFH‫ڏ‬LFOLFSH>,QVWDODUHXúRDUă@úLXUPDĠL
LQVWUXFĠLXQLOHGHSHHFUDQSHQWUXD¿QDOL]D
SURFHVXOGHLQVWDODUH
Ɣ ,QVWDODUHDSRDWHGXUDvQIXQFĠLHGHFkW
GHSHUIRUPDQWHVWHFDOFXODWRUXOúLGH
FRQH[LXQHDOD,QWHUQHW
Ɣ )DFHĠLFOLFSH>)LQDOL]DUH@VDX>5HVWDUW@SH
HFUDQGXSăLQVWDODUH

Ɣ (VWHQHFHVDUDFFHVXOOD,QWHUQHWLDUFRVWXULOHDIHUHQWHFRQWXOXL,63
úLWD[HOHGHDFFHVWUHEXLHSOăWLWHVHSDUDW

Ɣ 8UPD‫ڏ‬LSD‫ڍ‬LLGHPDLMRVSHQWUXDGH]LQVWDOD ‫ڍ‬WHUJH VRIWZDUHXO


 ÌQ:LQGRZVIDFH‫ڏ‬LFOLFvQXUPăWRDUHDRUGLQHPHQLX>6WDUW@!>$OO
3URJUDPV@!>&DQRQ8WLOLWLHV@‫ڍ‬LDSRLDOHJH‫ڏ‬LVRIWZDUHXOSHFDUH
GRUL‫ڏ‬LVăvOGH]LQVWDOD‫ڏ‬L
 ÌQ0DF26FOLFSHGLUHFWRUXO>$SSOLFDWLRQ@DOHJH‫ڏ‬LGLUHFWRUXO
>&DQRQ8WLOLWLHV@WUDJH‫ڏ‬LGLUHFWRUXOVRIWZDUHXOXLSHFDUHGRUL‫ڏ‬LVă
vOGH]LQVWDOD‫ڏ‬LOD7UDVK‫ڍ‬LDSRLJROL‫ڏ‬L7UDVK


8WLOL]DUHVRIWZDUH

6DOYDUHDLPDJLQLORUvQFDOFXODWRU

&RQHFWDUHDDSDUDWXOXLODXQFDOFXODWRUFXXQFDEOX86%GLVSRQLELOvQ
FRPHU‫ ڏ‬WHUPLQDOXOGLQVSUHDSDUDWHVWH0LQL% YăSHUPLWHVăLPSRUWD‫ڏ‬L
vQUHJLVWUăULOH

1 &RQHFWDĠLDSDUDWXOODFDOFXODWRU
Ɣ &XDSDUDWXOvQFKLVGHVFKLGHĠLFDSDFXO
(2)  &XDMXWRUXOPXIHLPDLPLFLDFDEOXOXL
GHLQWHUIDĠăLQFOXVRULHQWDWvQGLUHFĠLD
LQGLFDWăLQWURGXFHĠLERUQDSkQăODFDSăW
(1) vQWHUPLQDOXODSDUDWXOXL  

Ɣ ,QWURGXFHĠLPXIDPDLPDUHDFDEOXOXL
86%vQSRUWXO86%DOFDOFXODWRUXOXL
3HQWUXGHWDOLLGHVSUHFRQH[LXQLOH86%SH
FDOFXODWRUFRQVXOWD‫ڏ‬LPDQXDOXOGHXWLOL]DUH
DOFDOFXODWRUXOXL

2 3RUQLĠLDSDUDWXOSHQWUXDDFFHVD
&DPHUD:LQGRZ
Ɣ $SăVDĠLEXWRQXO> @SHQWUXDSRUQL
DSDUDWXO
Ɣ 0DF26&DPHUD:LQGRZHVWHD¿úDWă
DWXQFLFkQGDSDUDWXOHVWHFRQHFWDWOD
FDOFXODWRU
Ɣ :LQGRZV8UPDúLSDúLLHQXPHUDĠLPDL
MRV
Ɣ 3HHFUDQXOFDUHDSDUHIDFHĠLFOLFSHOLQN
XO> @SHQWUXDPRGL¿FDSURJUDPXO


8WLOL]DUHVRIWZDUH

Ɣ $OHJHĠL>'RZQORDGV,PDJHV)URP&DQRQ
&DPHUD@‫ڍ‬LIDFH‫ڏ‬LFOLFSH>2.@

Ɣ 'XEOXFOLF> @

3 6DOYDĠLLPDJLQLOHvQFDOFXODWRU
Ɣ )DFHĠLFOLFSH>,PSRUWDĠLLPDJLQLGLQ
DSDUDW@úLDSRLGDĠLFOLFSH>,PSRUWDĠL
LPDJLQLOHQHWUDQVIHUDWH@
Ɣ ,PDJLQLOHVXQWDFXPVDOYDWHvQGLUHFWRUXO
)RWRJUD¿LGLQFDOFXODWRUvQGLUHFWRDUH
VHSDUDWHGHQXPLWHGXSăGDWă
Ɣ 'XSăFHLPDJLQLOHVXQWVDOYDWHvQFKLGHĠL
&DPHUD:LQGRZDSăVDĠLEXWRQXO> @
SHQWUXDRSULDSDUDWXOúLVFRDWHĠLFDEOXO
Ɣ &kQGUHYHGH‫ڏ‬LLPDJLQLOHLPSRUWDWHSHXQ
FDOFXODWRUIRORVL‫ڏ‬LvQWRWGHDXQDVRIWZDUH
FRPSDWLELOFXLPDJLQLOHvQUHJLVWUDWH
FXDFHVWDSDUDW VRIWZDUHLQVWDODWSH
FDOFXODWRUVDXXQVRIWZDUHJHQHUDO 


8WLOL]DUHVRIWZDUH

Ɣ :LQGRZV'DFăHFUDQXOGHODSDVXOQXHVWHD¿úDWIDFHĠLFOLF
SHVLPEROXO> @GLQEDUDGHDFWLYLWăĠL
Ɣ 0DF26'DFăQXHVWHD¿úDW&DPHUD:LQGRZGXSăSDVXOIDFHĠL
FOLFSHVLPEROXO>&DPHUD:LQGRZ@GLQ'RFN
Ɣ 'HúLSXWHĠLVDOYDLPDJLQLOHvQFDOFXODWRUFRQHFWkQGXYăDSDUDWXO
ODFDOFXODWRUIăUăDIRORVLVRIWZDUHXOSRWDSăUHDXUPăWRDUHOH
OLPLWăUL
 3RDWHGXUDFkWHYDPLQXWHGHFkQGFRQHFWDĠLDSDUDWXOOD
FDOFXODWRUSkQăFkQGLPDJLQLOHYRU¿DFFHVLELOH
 ,PDJLQLOHUHDOL]DWHSHRULHQWDUHYHUWLFDOăSRW¿WUDQVIHUDWHSH
RUL]RQWDOă
 6HWăULOHSHQWUXSURWHMDUHDLPDJLQLLSRW¿úWHUVHGLQLPDJLQLOH
VDOYDWHSHFDOFXODWRU
 3RWDSăUHDDQXPLWHSUREOHPHDWXQFLFkQGVDOYDĠLLPDJLQLVDX
LQIRUPDĠLLGHVSUHLPDJLQLvQIXQFĠLHGHYHUVLXQHDVLVWHPXOXLGH
RSHUDUHGHVRIWZDUHXOXWLOL]DWVDXGHGLPHQVLXQLOH¿úLHUHORU


,PSULPDUHDLPDJLQLORU
)RWRJUDILL )LOPH
)RWRJUD¿LOHGXPQHDYRDVWUăSRW¿LPSULPDWHIRDUWHXúRUSULQFRQHFWDUHD
DSDUDWXOXLODRLPSULPDQWă3HDSDUDWSXWHĠLDOHJHLPDJLQLOHSHQWUXDVHWD
LPSULPDUHDvQFDOXSSHQWUXDSUHJăWLFRPHQ]LOHSHQWUXVHUYLFLLOHGHFUHDUH
IRWRJUD¿LúLSHQWUXDSUHJăWLFRPHQ]LVDXSHQWUXDLPSULPDLPDJLQLOH
SHQWUXDOEXPHIRWR
ÌQDFHVWH[HPSOXDIRVWIRORVLWRLPSULPDQWăIRWRFRPSDFWă&DQRQ
6(/3+<&3(FUDQHOHD¿úDWHúLIXQFĠLLOHGLVSRQLELOHVXQWGLIHULWHvQIXQFĠLH
GHLPSULPDQWă'HDVHPHQHDSHQWUXPDLPXOWHLQIRUPDĠLLFRQVXOWDĠL
PDQXDOXOLPSULPDQWHL

,PSULPDUHIDFLOă

)RWRJUDILL )LOPH
3XWHĠLLPSULPDIRDUWHXúRUDFHVWHIRWRJUD¿LSULQFRQHFWDUHDDSDUDWXOXLOD
RLPSULPDQWăFRPSDWLELOă3LFW%ULGJH FRPHUFLDOL]DWăVHSDUDW FXDMXWRUXO
FDEOXOXL86%

1 $VLJXUDĠLYăFăDSDUDWXOúL
LPSULPDQWDVXQWRSULWH

2 &RQHFWDĠLDSDUDWXOODLPSULPDQWă
Ɣ 'HVFKLGHĠLFDSDFXOWHUPLQDOXOXLÌQWLPS
FHĠLQHĠLFRQHFWRUXOPDLPLFvQGLUHFĠLD
LQGLFDWăLQWURGXFHĠLOvQWHUPLQDOXO
DSDUDWXOXL
Ɣ &RQHFWDĠLFRQHFWRUXOPDLPDUHOD
LPSULPDQWă3HQWUXDOWHGHWDOLLUHIHULWRDUH
ODFRQHFWDUHFLWLĠLPDQXDOXOLPSULPDQWHL

3 3RUQLĠLLPSULPDQWD


,PSULPDUHDLPDJLQLORU

4 3RUQLĠLDSDUDWXO
Ɣ $SăVDĠLEXWRQXO> @SHQWUXDSRUQL
DSDUDWXO

5 $OHJHĠLRLPDJLQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
RLPDJLQH

6 $FFHVDĠLHFUDQXOGHLPSULPDUH
Ɣ $SăVDĠLEXWRQXO> @DOHJHĠL> @úLDSRL
DSăVDĠLEXWRQXO> @GLQQRX

7 ,PSULPDĠLLPDJLQHD
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>,PSULPDUH@úLDSRLDSăVDĠLEXWRQXO> @
Ɣ ,PSULPDUHDYDvQFHSHDFXP
Ɣ 3HQWUXDLPSULPDDOWHLPDJLQLUHSHWD‫ڏ‬L
SURFHGXUDGHPDLVXVSRUQLQGGHODSDVXO
GXSăFHVDWHUPLQDWLPSULPDUHD
Ɣ 'XSăFHDĠLWHUPLQDWGHLPSULPDWRSULĠL
DSDUDWXOúLLPSULPDQWDúLGHFRQHFWDĠL
FDEOXO

Ɣ 3HQWUXLPSULPDQWH&DQRQFRPSDWLELOH3LFW%ULGJH FRPHUFLDOL]DWH
VHSDUDW FRQVXOWDĠL³,PSULPDQWă´ =  


,PSULPDUHDLPDJLQLORU

&RQ¿JXUDUHDVHWăULORUGHLPSULPDUH

)RWRJUDILL )LOPH

1 $FFHVDĠLHFUDQXOGHLPSULPDUH
Ɣ 8UPDĠLSDúLL±GHOD³,PSULPDUHIDFLOă´
(=  SHQWUXDDFFHVDDFHVWHFUDQ

2 &RQ¿JXUDĠLVHWăULOH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
XQDUWLFROúLDSRLDSăVDĠLEXWRDQHOH> @> @
SHQWUXDDOHJHRRSĠLXQH
6HSRWULYHúWHFXVHWăULOHFXUHQWHDOH
,PSOLFLW
LPSULPDQWHL
Data ,PSULPăLPDJLQLOHFXGDWDDGăXJDWă
1XPăUXO ,PSULPăLPDJLQLOHFXQXPăUXOGH¿úLHU
¿úLHUXOXL DGăXJDW
,PSULPăLPDJLQLOHFXGDWDúLFXQXPăUXOGH
$PEHOH
¿úLHUDGăXJDW
2SULW ±
6HSRWULYHúWHFXVHWăULOHFXUHQWHDOH
,PSOLFLW
LPSULPDQWHL
2SULW ±
)RORVHúWHLQIRUPDĠLLGHODPRPHQWXO
3RUQLW IRWRJUD¿HULLSHQWUXDLPSULPDFXVHWăUL
RSWLPH
2FKLURúLL &RUHFWHD]ăRFKLLURúLL
1UGHFRSLL $OHJHĠLQXPăUXOGHFRSLLSHQWUXLPSULPDUH
$OHJHĠLR]RQăSUHIHUDWăGLQLPDJLQHSHFDUH
7ăLHUH ±
VăRLPSULPD‫ڏ‬L =  
6HWăUL 6SHFL¿FDĠLGLPHQVLXQHDKkUWLHLDúH]DUHDvQ
±
KkUWLH SDJLQăúLDOWHGHWDOLL =  


,PSULPDUHDLPDJLQLORU

'HFXSDUHDLPDJLQLORUvQDLQWHGHLPSULPDUH
)RWRJUDILL )LOPH
3ULQGHFXSDUHDLPDJLQLORUvQDLQWHGHLPSULPDUHSXWHĠLLPSULPDRDQXPLWă
]RQăGLQLPDJLQHvQORFGHLPDJLQHDvQWUHDJă

1 $OHJH‫܊‬L>7ăLHUH@
Ɣ 'XSăFHXUPD‫ڏ‬LSDVXOGHOD³&RQ¿JXUDUH
VHWăULLPSULPDUH´ =  SHQWUXD
DFFHVDHFUDQXOGHLPSULPDUHDOHJH‫ڏ‬L
>7ăLHUH@‫ڍ‬LDSăVD‫ڏ‬LEXWRQXO> @
Ɣ 8QFDGUXGHGHFXSDUHYD¿D¿úDW
LQGLFkQG]RQDGLQLPDJLQHSHFDUHVăR
LPSULPDĠL

2 5HJODĠLFDGUXOGHGHFXSDUHGXSă
FXPGRULĠL
Ɣ 3HQWUXDUHGLPHQVLRQDFDGUXOGHSODVDĠL
EXWRQXOGH]RRP
Ɣ 3HQWUXDPXWDFDGUXODSăVDĠLEXWRDQHOH
> @> @> @> @
Ɣ 3HQWUXDURWLFDGUXODSăVDĠLEXWRQXO
> @
Ɣ &kQGWHUPLQDĠLDSăVDĠLEXWRQXO> @

3 ,PSULPDĠLLPDJLQHD
Ɣ 8UPDĠLSDVXOGHOD³,PSULPDUHIDFLOă´
(=  SHQWUXDLPSULPD

Ɣ (VWHSRVLELOVăQXSXWHĠLIDFHLPSULPDUHDSHQWUXLPDJLQLOHGH
GLPHQVLXQLPLFLVDXFXXQDQXPLWUDSRUWGHDVSHFW
Ɣ (VWHSRVLELOFDGDWHOHVăQX¿HLPSULPDWHFRUHFWGDFăGHFXSDĠL
LPDJLQLOHUHDOL]DWHFXVHWDUHD>‫ڌ‬WDPSLOăGDWă @VHOHFWDWă


,PSULPDUHDLPDJLQLORU

$OHJHUHDGLPHQVLXQLLKkUWLHLúLSDJLQăULLvQDLQWHGHLPSULPDUH
)RWRJUDILL )LOPH

1 $OHJHĠL>6HWăULKkUWLH@
Ɣ 'XSăFHXUPD‫ڏ‬LSDVXOGHOD³&RQ¿JXUDUH
VHWăULLPSULPDUH´ =  SHQWUXD
DFFHVDHFUDQXOGHLPSULPDUHDOHJH‫ڏ‬L
>6HWăULKkUWLH@‫ڍ‬LDSăVD‫ڏ‬LEXWRQXO> @

2 $OHJHĠLGLPHQVLXQHDSHQWUXKkUWLH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
RRSĠLXQHúLDSRLDSăVDĠLEXWRQXO> @

3 $OHJHĠLXQWLSGHKkUWLH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
RRSĠLXQHúLDSRLDSăVDĠLEXWRQXO> @

4 $OHJHĠLIRUPDWXO
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
RRSĠLXQH
Ɣ 'DFăDOHJHĠL>1XS@DSăVDĠLEXWRDQHOH
> @> @SHQWUXDPHQĠLRQDQXPăUXOGH
LPDJLQLSHRIRDLH
Ɣ $SăVDĠLEXWRQXO> @

5 ,PSULPDĠLLPDJLQHD


,PSULPDUHDLPDJLQLORU

2SĠLXQLGHIRUPDWGLVSRQLELOH
,PSOLFLW 6HSRWULYHúWHFXVHWăULOHFXUHQWHDOHLPSULPDQWHL
&XPDUJLQL ,PSULPăULFXVSDĠLXQHFRORUDWvQMXUXOLPDJLQLL
)ăUăPDUJLQL ,PSULPDUHIăUăFKHQDUH
1XS $OHJHĠLFkWHLPDJLQLVăLPSULPDĠLSHRIRDLH
,PSULPDUHGHLPDJLQLvQVFRSXULGHLGHQWL¿FDUH
)RWRJUD¿H
)XQFĠLHGLVSRQLELOăGRDUSHQWUXLPDJLQLOHFXUH]ROXĠLHGH/úLXQ
WLS&,
UDSRUWGHDVSHFWGH
$OHJHĠLGLPHQVLXQHDSHQWUXLPSULPDUH
'LPHQVLXQH
$OHJHĠLGLQWUHGLPHQVLXQLGH[LQFDUWHSRúWDOăVDXLPSULPăUL
¿[ă
vQIRUPDWZLGH

,PSULPDUHDGHIRWRJUD¿LWLSEXOHWLQ
)RWRJUDILL )LOPH

1 $OHJHĠL>)RWR&,@
Ɣ 8UPD‫ڏ‬LSD‫ڍ‬LL±GHOD³$OHJHUHD
GLPHQVLXQLLKkUWLHLúLDDúH]ăULLvQSDJLQă
vQDLQWHGHLPSULPDUH´ =  DOHJH‫ڏ‬L
>)RWR&,@‫ڍ‬LDSăVD‫ڏ‬LEXWRQXO> @

2 $OHJHĠLPDUJLQHDPDLOXQJăVDX
PDUJLQHDPDLVFXUWă
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
XQDUWLFRO$OHJHĠLOXQJLPHDDSăVkQG
EXWRDQHOH> @> @úLDSRLDSăVDĠLEXWRQXO
> @

3 $OHJHĠL]RQDSHQWUXLPSULPDUH
Ɣ 8UPDĠLSDVXOGHOD³'HFXSDUHD
LPDJLQLORUvQDLQWHGHLPSULPDUH´ =  
SHQWUXDDOHJH]RQDGHLPSULPDUH

4 ,PSULPDĠLLPDJLQHD

,PSULPDUHDLPDJLQLORU

,PSULPDUHGHVFHQHGH¿OP

)RWRJUDILL )LOPH

1 $FFHVDĠLHFUDQXOGHLPSULPDUH
Ɣ 8UPD‫ڏ‬LSD‫ڍ‬LL±GHOD³,PSULPDUHIDFLOă´
(=  SHQWUXDDOHJHXQ¿OP$FHVW
HFUDQHVWHD¿úDW

2 $OHJHĠLRPHWRGăGHLPSULPDUH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
> @DSRLDSăVDĠLEXWRDQHOH> @> @SHQWUX
DDOHJHPHWRGDGHLPSULPDUH

3 ,PSULPDĠLLPDJLQHD

2SĠLXQHLPSULPDUH¿OPH
8QD
,PSULPăVFHQDFDUHHVWHD¿úDWăFDIRWRJUD¿H
VLQJXUă
,PSULPăRVHULHGHVFHQHXQDQXPLWLQWHUYDOVHSDUDWSH
RVLQJXUăIRDLHGHKkUWLH'HDVHPHQHDSXWHĠLLPSULPD
6HFYHQĠă
QXPăUXOGLUHFWRUXOXLQXPăUXO¿úLHUXOXLúLWLPSXOUăPDV
SHQWUXFDGUXVHWkQG>7LWOX@OD>3RUQLW@

Ɣ 3HQWUXDDQXODLPSULPDUHDDSăVDĠLEXWRQXO> @DOHJHĠL>2.@LDU
DSRLDSăVDĠLEXWRQXO> @GLQQRX
Ɣ >)RWR&,@úL>6HFYHQĠă@QXSRW¿DOHVHSHLPSULPDQWHOH&DQRQ
FRPSDWLELOH3LFW%ULGJHPRGHOHOH&3&3úLPRGHOHPDL
YHFKL


,PSULPDUHDLPDJLQLORU

$GăXJDUHDGHLPDJLQLODOLVWDGHLPSULPDUH '32)

)RWRJUDILL )LOPH
,PSULPDUHDvQFDOXS =  úLFRPDQGDGHLPSULPDUHFXDMXWRUXOXQRU
VHUYLFLLIRWRSRW¿VHWDWHSHDSDUDW$OHJHĠLSkQăODGHLPDJLQLSHXQ
FDUGGHPHPRULHSHQWUXDFRQ¿JXUDVHWăULOHUHOHYDQWHSUHFXPQXPăUXO
GHFRSLLGXSăFXPXUPHD]ă,QIRUPDĠLLOHGHLPSULPDUHSHFDUHOHSUHJăWLĠL
vQDFHVWIHOYRUUHVSHFWDVWDQGDUGHORU'32) 'LJLWDO3ULQW2UGHU)RUPDW 

&RQ¿JXUDUHDVHWăULORUGHLPSULPDUH
)RWRJUDILL )LOPH
6SHFL¿FDĠLIRUPDWXOGHLPSULPDUHGDFăGRULĠLVăDGăXJDĠLGDWDVDX
QXPăUXO¿úLHUXOXLúLDOWHVHWăULGXSăFXPXUPHD]ă$FHVWHVHWăULVHDSOLFă
WXWXURULPDJLQLORUGLQOLVWDGHLPSULPDUH
Ɣ $SăVDĠLEXWRQXO> @úLDSRLDOHJHĠL
>6HWăULGHLPSULPDUH@GHODWDEXO> @
$OHJHĠLúLFRQ¿JXUDĠLVHWăULOHGXSăFXP
GRULĠL =  

Standard 6HYDLPSULPDRVLQJXUăLPDJLQHSHRFRDOă
6HYRULPSULPDPDLPXOWHLPDJLQLPDLPLFLSH
7LS ,QGH[
RFRDOă
LPSULPDUH
6XQWLPSULPDWHDWkWIRUPDWHVWDQGDUGFkWúL
$PEHOH
IRUPDWHLQGH[
3RUQLW ,PDJLQLOHVXQWLPSULPDWHFXGDWDGHIRWRJUD¿HUH
Data
2SULW ±
1XPăUXO 3RUQLW ,PDJLQLOHVXQWLPSULPDWHFXQXPăUXOGH¿úLHU
¿úLHUXOXL 2SULW ±
/LVWDGHLPSULPDUHSHQWUXWRDWHLPDJLQLOHHVWH
$QXOHD]ă 3RUQLW
DQXODWăGXSăLPSULPDUH
GDWHOH'32)
2SULW ±


,PSULPDUHDLPDJLQLORU

Ɣ ÌQDQXPLWHFD]XULQXWRDWHVHWăULOH'32)SRW¿DSOLFDWHOD
LPSULPDUHGHFăWUHLPSULPDQWăVDXGHFăWUHVHUYLFLXOSHQWUX
GH]YROWDUHIRWR
Ɣ > @SRDWHDSăUHDSHDSDUDWSHQWUXDYăDYHUWL]DFăH[LVWăVHWăUL
GHLPSULPDUHSHFDUGXOGHPHPRULHFDUHDXIRVWFRQ¿JXUDWHSH
DOWDSDUDW0RGL¿FDUHDVHWăULORUGHLPSULPDUHFXDMXWRUXODFHVWXL
DSDUDWSRDWHvQVHPQDUHVFULHUHDVHWăULORUDQWHULRDUH
Ɣ 6HWDUHD>'DWă@OD>3RUQLW@SRDWHIDFHFDGDWDVă¿HLPSULPDGH
GRXăRULSHDQXPLWHLPSULPDQWH

Ɣ 'DFăVSHFL¿FDĠL>,QGH[@HVWHSRVLELOVăQXPDLSXWHĠLDOHJH>3RUQLW@
SHQWUX>'DWă@úL>1U¿úLHU@vQDFHODúLWLPS
Ɣ ,PSULPDUHDFXLQGH[QXHVWHGLVSRQLELOăSHDQXPLWHLPSULPDQWH
&DQRQFRPSDWLELOH3LFW%ULGJH FRPHUFLDOL]DWHVHSDUDW 
Ɣ 'DWDHVWHLPSULPDWăvQWUXQIRUPDWFDUHVHSRWULYHúWHFXGHWDOLLOH
VHWăULLGLQ>'DWD2UD@GHODWDEXO> @ =  


,PSULPDUHDLPDJLQLORU

6HWDUHDLPSULPăULLSHQWUXLPDJLQLLQGLYLGXDOH
)RWRJUDILL )LOPH

1 $OHJHĠL>6HOHFWDUH,PDJLQL 
&DQWLWDWH@
Ɣ $SăVDĠLEXWRQXO> @DOHJHĠL
>6HOHFWDUHLPDJLQL FDQWLWDWH@ODWDEXO
> @úLDSRLDSăVDĠLEXWRQXO> @

2 $OHJHĠLRLPDJLQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJHR
LPDJLQHúLDSRLDSăVDĠLEXWRQXO> @
Ɣ $FXPSXWHĠLVSHFL¿FDQXPăUXOGHFRSLL
Ɣ 'DFăVSHFL¿FDĠLLPSULPDUHFXLQGH[
SHQWUXLPDJLQHDFHDVWDYD¿HWLFKHWDWă
FXVLPEROXO> @3HQWUXDDQXOD
LPSULPDUHDFXLQGH[DSăVD‫ڏ‬LEXWRQXO> @
GLQQRX> @QXYDPDL¿D¿‫ڍ‬DW

3 6SHFL¿FDĠLQXPăUXOGHLPSULPăUL
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXD
VSHFL¿FDQXPăUXOGHLPSULPăUL SkQăOD
 
Ɣ 3HQWUXDVHWDLPSULPDUHDDOWRULPDJLQLúL
SHQWUXDVSHFL¿FDQXPăUXOGHLPSULPăUL
UHSHWDĠLSDúLL
Ɣ &DQWLWDWHDGHLPSULPDUHQXSRDWH¿
VSHFL¿FDWăSHQWUXLPSULPăULOHFXLQGH[
3XWHĠLDOHJHFHLPDJLQLGRUL‫ڏ‬LVăLPSULPD
‫ڏ‬LXUPkQGSDVXO
Ɣ 'XSăFHDĠLWHUPLQDWDSăVDĠLEXWRQXO
> @SHQWUXDUHYHQLODHFUDQXOGH
PHQLX


,PSULPDUHDLPDJLQLORU

6HWDUHDLPSULPăULLSHQWUXRJDPăGHLPDJLQL
)RWRJUDILL )LOPH

Ɣ 8UPkQGSDVXOGHOD³6HWDUHDLPSULPăULL
SHQWUXRVLQJXUăLPDJLQH´ =  
DOHJH‫ڏ‬L>6HOHWDUHLQWHUYDO@‫ڍ‬LDSăVD‫ڏ‬L
EXWRQXO> @
Ɣ 8UPDĠLSDúLLGHOD³6HOHFWDUH
LQWHUYDO´ =  SHQWUXDDOHJH
LPDJLQLOH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>&RPDQGă@úLDSRLDSăVDĠLEXWRQXO> @

6HWDUHDLPSULPăULLSHQWUXWRDWHLPDJLQLOH
)RWRJUDILL )LOPH

Ɣ 8UPkQGSDVXOGHOD³6HWDUHDLPSULPăULL
SHQWUXRVLQJXUăLPDJLQH´ =  
DOHJH‫ڏ‬L>6HOHWDUHWRDWHLPDJLQLOH@‫ڍ‬L
DSăVD‫ڏ‬LEXWRQXO> @
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>2.@úLDSRLDSăVDĠLEXWRQXO> @

‫܇‬WHUJHUHDWXWRURULPDJLQLORUGLQ/LVWDGHLPSULPDUH
Ɣ 8UPkQGSDVXOGHOD³6HWDUHDLPSULPăULL
SHQWUXRVLQJXUăLPDJLQH´ =  
DOHJH‫ڏ‬L>$QXOD‫ڏ‬LWRDWHVHOHF‫ڏ‬LLOH@‫ڍ‬LDSăVD‫ڏ‬L
EXWRQXO> @
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>2.@úLDSRLDSăVDĠLEXWRQXO> @


,PSULPDUHDLPDJLQLORU

,PSULPDUHDLPDJLQLORUDGăXJDWHSH/LVWDGHLPSULPDUH '32)
)RWRJUDILL )LOPH

Ɣ 'XSăFHDĠLDGăXJDWLPDJLQLOHSHOLVWDGH
LPSULPDUH = ±=  DFHVWHFUDQ
HVWHD¿úDWGXSăFHFRQHFWDĠLDSDUDWXOODR
LPSULPDQWăFRPSDWLELOă3LFW%ULGJH$SăVDĠL
EXWRDQHOH> @> @SHQWUXDDOHJH>,PSULPDUH
DFXP@úLDSRLDSăVDĠLVLPSOXEXWRQXO
> @SHQWUXDLPSULPDLPDJLQLOHGLQOLVWDGH
LPSULPDUH
Ɣ 2ULFHMREGHLPSULPDUH'32)SHFDUHODĠL
RSULWWHPSRUDUYD¿UHOXDWGHODXUPăWRDUHD
LPDJLQH

$GăXJDUHDGHLPDJLQLvQWUXQDEXPIRWR

)RWRJUDILL )LOPH
3XWHĠLVHWDDOEXPHIRWRFXDMXWRUXODSDUDWXOXLVHOHFWkQGSkQăODGH
LPDJLQLSHXQFDUGGHPHPRULHSHFDUHOHSXWHĠLLPSRUWDFXDMXWRUXOVRIWZDUH
XOXLGLQFDOFXODWRUXQGHOHSXWHĠLVWRFDvQWUXQGLUHFWRUGHGLFDW$FHDVWăIXQFĠLH
HVWHIRDUWHH¿FLHQWăDWXQFLFkQGIDFHĠLDOEXPHIRWRLPSULPDWHRQOLQHVDX
FkQGLPSULPDĠLDOEXPHOHIRWRFXDMXWRUXOLPSULPDQWHLSHUVRQDOH

$OHJHUHDXQHLPHWRGHGHVHOHFWDUH
Ɣ $SăVDĠLEXWRQXO> @DOHJHĠL>6HWDUH
DOEXPIRWR@GHODWDEXO> @úLDSRL
DOHJHĠLFXPYHĠLVHOHFWDLPDJLQLOH

Ɣ > @SRDWHDSăUHDSHDSDUDWSHQWUXDYăDYHUWL]DFăH[LVWăVHWăUL
GHLPSULPDUHSHFDUGXOGHPHPRULHFDUHDXIRVWFRQ¿JXUDWHSH
DOWDSDUDW0RGL¿FDUHDVHWăULORUGHLPSULPDUHFXDMXWRUXODFHVWXL
DSDUDWSRDWHvQVHPQDUHVFULHUHDVHWăULORUDQWHULRDUH


,PSULPDUHDLPDJLQLORU

$GăXJDUHDLQGLYLGXDOăDLPDJLQLORU
)RWRJUDILL )LOPH

1 $OHJHĠL>6HOHFWDUH@
Ɣ 8UPkQGSURFHGXUDGHOD³$OHJHUHDXQHL
PHWRGHGHVHOHFWDUH´ =  DOHJH‫ڏ‬L
>6HOHFWDUH@‫ڍ‬LDSăVD‫ڏ‬LEXWRQXO> @

2 $OHJHĠLRLPDJLQH
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJHR
LPDJLQHúLDSRLDSăVDĠLEXWRQXO> @
Ɣ> @HVWHD¿úDW
Ɣ 3HQWUXD‫ڍ‬WHUJHLPDJLQHDGLQDOEXPXO
IRWRDSăVD‫ڏ‬LEXWRQXO> @GLQQRX> @QX
YDPDL¿D¿‫ڍ‬DW
Ɣ 5HSHWDĠLDFHVWSURFHVSHQWUXDDOHJHDOWH
LPDJLQL
Ɣ 'XSăFHDĠLWHUPLQDWDSăVDĠLEXWRQXO
> @SHQWUXDUHYHQLODHFUDQXOGH
PHQLX


,PSULPDUHDLPDJLQLORU

$GăXJDUHDWXWXURULPDJLQLORUvQWUXQDOEXPIRWR
)RWRJUDILL )LOPH

Ɣ 8UPkQGSURFHGXUDGHOD³$OHJHUHDXQHL
PHWRGHGHVHOHFWDUH´ =  DOHJH‫ڏ‬L
>6HOHFWDUHWRDWHLPDJLQLOH@‫ڍ‬LDSăVD‫ڏ‬L
EXWRQXO> @
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>2.@úLDSRLDSăVDĠLEXWRQXO> @

6FRDWHUHDWXWXURULPDJLQLORUGLQWUXQ$OEXPIRWR
)RWRJUDILL )LOPH

Ɣ 8UPkQGSURFHGXUDGHOD³$OHJHUHDXQHL
PHWRGHGHVHOHFWDUH´ =  DOHJH‫ڏ‬L
>$QXODUHWRDWHVHOHF‫ڏ‬LLOH@‫ڍ‬LDSăVD‫ڏ‬L
EXWRQXO> @
Ɣ $SăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH
>2.@úLDSRLDSăVDĠLEXWRQXO> @


)RORVLUHDXQXL&DUG(\H)L
)RWRJUDILL )LOPH
ÌQDLQWHVăIRORVLĠLXQFDUG(\H)LYHUL¿FD‫ڏ‬LFăXWLOL]DUHDORFDOăHVWH
SHUPLVă =  

,QWURGXFHUHDXQXLFDUG(\H)LSUHJăWLWSHUPLWHWUDQVIHUXOZLUHOHVVDXWRPDW
GHLPDJLQLSHXQFDOFXODWRUVDXvQFăUFDUHDIRWRJUD¿LORUSHXQVLWHSHQWUX
SDUWDMDUHDGHIRWRJUD¿L
,PDJLQLOHVXQWWUDQVIHUDWHFXDMXWRUXOFDUGXOXL(\H)L&RQVXOWDĠLPDQXDOXO
GHXWLOL]DUHDOFDUGXOXLVDXOXDĠLOHJăWXUDFXSURGXFăWRUXOSHQWUXLQVWUXFĠLXQL
UHIHULWRDUHODSUHJăWLUHDVDXXWLOL]DUHDFDUGXULORUVDXSHQWUXDUH]ROYD
SUREOHPHOHGHWUDQVIHU

Ɣ $WXQFLFkQGIRORVLĠLXQFDUG(\H)LWUHEXLHVăĠLQHĠLFRQWGH
XUPăWRDUHOH
 &DUGXULOHSRWFRQWLQXDVăHPLWăXQGHUDGLRFKLDUúLDWXQFL
FkQG>(\H)LWUDQV@HVWHVHWDWOD>'H]DFWLYDW@ =  
6FRDWHĠLFDUGXO(\H)LvQDLQWHVăLQWUDĠLvQVSLWDOHDYLRDQHVDX
vQDLQWHVăSăWUXQGHĠLvQ]RQHXQGHVXQWLQWHU]LVHDSDUDWHOHGH
WHOHFRPXQLFDĠLL
 'DFăvQFHUFDĠLVăUH]ROYDĠLSUREOHPHOHOHJDWHGHWUDQVIHUXOGH
LPDJLQLYHUL¿FDĠLFDUGXOúLVHWăULOHFDOFXODWRUXOXL3HQWUXGHWDOLL
FRQVXOWDĠLPDQXDOXOGHXWLOL]DUHDOFDUGXOXL
 &RQH[LXQHD(\H)LVODEăSRDWHIDFHFDWUDQVIHUXOGHLPDJLQL
VăGXUH]HPDLPXOWLDUWUDQVIHUXOSRDWH¿vQWUHUXSWvQDQXPLWH
FD]XUL
 &DUGXULOH(\H)LVHSRWvQFLQJHGLQFDX]DIXQFĠLLORUGHWUDQVIHU
SHFDUHOHDX
 %DWHULDVHYDFRQVXPDPDLUHSHGHGHFkWvQFD]XOXQHLXWLOL]ăUL
QRUPDOH
 $SDUDWXOSRDWHIXQFĠLRQDPDLOHQW3HQWUXDUH]ROYDDFHVWOXFUX
vQFHUFDĠLVăVHWDĠL>7UDQVIHU(\H)L@OD>'H]DFWLYDW@


)RORVLUHDXQXL&DUG(\H)L

6WDWXVXOGHFRQHFWDUHDOFDUGXULORU(\H)LGLQDSDUDWSRDWH¿YHUL¿FDWSH
HFUDQXOGHIRWRJUD¿HUH vQPRGXOQRUPDOGHD¿úDUHDLQIRUPDĠLLORU VDXSH
HFUDQXOGHUHGDUH vQPRGXOGHD¿úDUHVLPSOăDLQIRUPDĠLLORU 
 *UL 1HFRQHFWDW
 &OLSHúWHDOE &RQHFWDUH
 $OE &RQHFWDW
 $FWLYă 7UDQVIHUvQGHVIăúXUDUH 
ÌQWUHUXSW
1XFRPXQLFă
(URDUHvQWLPSXOREĠLQHULLGHLQIRUPDĠLLGHVSUH
FDUGXO(\H)L 2
 )XQF‫ڏ‬LDGHHFRQRPLVLUHDFRQVXPXOXLGHHQHUJLH =  DDSDUDWXOXLHVWH
GH]DFWLYDWăWHPSRUDUvQWLPSXOWUDQVIHUXOXLGHLPDJLQL
 5HSRUQL‫ڏ‬LDSDUDWXO$¿úDUHDUHSHWDWăDDFHVWXLVLPEROSRDWHLQGLFDRSUREOHPăFX
FDUGXO
,PDJLQLOHHWLFKHWDWHFXVLPERO> @DXIRVWWUDQVIHUDWH

9HUL¿FDUHDLQIRUPDĠLLORUGHFRQHFWDUH

9HUL¿FDĠLSXQFWXOGHDFFHV66,'IRORVLWGHFDUGXO(\H)LVDXVWDWXVXOGH
FRQHFWDUHGXSăFXPFRQVLGHUDĠLQHFHVDU
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L>6HWăUL
(\H)L@GHODWDEXO> @‫ڍ‬LDSRLDSăVD‫ڏ‬L
EXWRQXO> @
Ɣ $OHJHĠL>,QIRUPDĠLLFRQH[LXQH@úLDSRL
DSăVDĠLEXWRQXO> @
Ɣ (FUDQXOFXLQIRUPDĠLLGHVSUHFRQHFWDUH
YD¿D¿úDW


)RORVLUHDXQXL&DUG(\H)L

$QXODUHDWUDQVIHUXOXL(\H)L

&RQ¿JXUDĠLVHWDUHDGXSăFXPXUPHD]ăSHQWUXDGH]DFWLYDWUDQVIHUXO(\H
)LGDFăHVWHQHFHVDU
Ɣ $SăVD‫ڏ‬LEXWRQXO> @DOHJH‫ڏ‬L>6HWăUL
(\H)L@GHODWDEXO> @‫ڍ‬LDSRLDSăVD‫ڏ‬L
EXWRQXO> @
Ɣ $OHJHĠL>7UDQVIHU(\H)L@úLDSRLDOHJHĠL
>'H]DFWLYDW@

Ɣ >6HWăUL(\H)L@QXHVWHD¿úDWGHFkWGDFăXQFDUG(\H)LVH
DÀăvQDSDUDWDYkQGEXWRQXOGHSURWHFĠLHDGDWHORUvQSR]LĠLDGH
GHEORFDUH'LQDFHVWPRWLYQXSXWHĠLPRGL¿FDVHWăULOHSHQWUXXQ
FDUG(\H)LLQWURGXVGDFăEXWRQXOGHSURWHFĠLHDGDWHORUVHDÀăvQ
SR]LĠLDGHEORFDUH


8
$QH[ă
,QIRUPDĠLLXWLOHDWXQFLFkQGIRORVLĠLDSDUDWXO


'HSDQDUH
ÌQFD]XOvQFDUHFUHGHĠLFăH[LVWăRSUREOHPăFXDSDUDWXOYHUL¿FDĠLPDL
vQWkLXUPăWRDUHOH'DFăVROXĠLLOHGHPDLMRVQXYăUH]ROYăSUREOHPHOHOXDĠL
OHJăWXUDFXGHSDUWDPHQWXOGHVXSRUW&DQRQ

$OLPHQWDUH

1XVHvQWkPSOăQLPLFDWXQFLFkQGDSăVDĠLEXWRQXO3251,7235,7
Ɣ 9HUL¿FD‫ڏ‬LGDFăEDWHULDHVWHvQFăUFDWă =  
Ɣ 9HUL¿FDĠLGDFăEDWHULDHVWHLQWURGXVăvQGLUHFĠLDFRUHFWă =  
Ɣ 9HUL¿FDĠLGDFăDĠLvQFKLVELQHFDSDFXOFDUGXOXLGHPHPRULHDOEDWHULHL =  
Ɣ 7HUPLQDOHOHPXUGDUHDOHEDWHULHLUHGXFGLQUDQGDPHQWXODFHVWHLDÌQFHUFDĠLVă
FXUăĠDĠLWHUPLQDOHOHFXXQEHĠLúRUGHEXPEDFúLVăUHLQWURGXFHĠLEDWHULDGHFkWHYD
RUL

%DWHULDVHGHVFDUFăUHSHGH
Ɣ 5DQGDPHQWXOEDWHULHLVFDGHODWHPSHUDWXULPLFLÌQFHUFDĠLVăvQFăO]LĠLEDWHULLOH
SXQkQGXOHvQEX]XQDUGHH[HPSOXúLDVLJXUkQGXYăFăWHUPLQDOHOHQXDWLQJ
RELHFWHPHWDOLFH
Ɣ 7HUPLQDOHOHPXUGDUHDOHEDWHULHLUHGXFGLQUDQGDPHQWXODFHVWHLDÌQFHUFDĠLVă
FXUăĠDĠLWHUPLQDOHOHFXXQEHĠLúRUGHEXPEDFúLVăUHLQWURGXFHĠLEDWHULDGHFkWHYD
RUL
Ɣ 'DFăDFHVWHPăVXULQXDMXWăLDUEDWHULDVHWHUPLQăODIHOGHUHSHGHGXSăFHDĠL
vQFăUFDWRvQVHDPQăFăDDMXQVOD¿QDOXOGXUDWHLGHYLDĠă&XPSăUDĠLRQRXă
EDWHULH

2ELHFWLYXOQXVHUHWUDJH
Ɣ 1XGHVFKLGHĠLFDSDFXOFDUGXOXLGHPHPRULHEDWHULHLvQWLPSFHDSDUDWXOHVWH
SRUQLWÌQFKLGHĠLFDSDFXOSRUQLĠLDSDUDWXOúLDSRLRSULĠLOGLQQRX =  

%DWHULDVHXPÀă
Ɣ 8PÀDUHDEDWHULHLHVWHQRUPDOăúLQXUHSUH]LQWăPRWLYGHvQJULMRUDUH7RWXúLGDFă
DFHVWOXFUXDIHFWHD]ăSR]LĠLDEDWHULHLvQDSDUDWDGUHVDĠLYăXQXLFHQWUXGHVXSRUW
&DQRQ

$ILúDUHSHXQWHOHYL]RU

,PDJLQLOHVXQWGLVWRUVLRQDWHVDXQXSRW¿D¿úDWHSHXQWHOHYL]RU =  


'HSDQDUH

)RWRJUDILHUH

1XSXWHĠLIRWRJUD¿D
Ɣ ÌQPRGXO5HGDUH =  DSăVDĠLEXWRQXOGHFODQúDWRUSkQăODMXPăWDWH
(=  

$¿úDMFLXGDWSHHFUDQvQFRQGLĠLLGHOXPLQR]LWDWHVFă]XWă =  
$¿úDMFLXGDWSHHFUDQODIRWRJUD¿HUH
Ɣ 5H‫ڏ‬LQH‫ڏ‬LIDSWXOFăXUPăWRDUHOHSUREOHPHGHD¿úDUHQXYRUDIHFWDIRWRJUD¿LOHFL
GRDU¿OPHOH
 (FUDQXOVHSRDWHvQQHJULvQOXPLQăSXWHUQLFă
 (FUDQXOSRDWHSkOSkLvQFRQGLĠLLGHOXPLQăÀXRUHVFHQWăVDXGHLOXPLQDUHFX
/('
 3RWDSăUHDEHQ]LSXUSXULLSHHFUDQGDFăYUHĠLVăFRPSXQHĠLRIRWRJUD¿HFDUH
FRQĠLQHRVXUVăSXWHUQLFăGHOXPLQă

1LFLR‫ڍ‬WDPSLOăFXGDWDQXDSDUHSHLPDJLQL
Ɣ &RQ¿JXUD‫ڏ‬LVHWDUHD>‫ڌ‬WDPSLOăGDWă @ =  5H‫ڏ‬LQH‫ڏ‬LIDSWXOFă‫ڍ‬WDPSLOHOH
QXVXQWDGăXJDWHLPDJLQLORUvQPRGDXWRPDWvQVSHFLDOGHRDUHFHD‫ڏ‬LFRQ¿JXUDW
VHWDUHD>'DWă7LPS@ =  
Ɣ ‫ڌ‬WDPSLOHOHFXGDWăQXVXQWDGăXJDWHvQPRGXULOHGHIRWRJUD¿HUH =  vQFDUH
VHWDUHDQXSRDWH¿FRQ¿JXUDWă =  

> @FOLSHúWHSHHFUDQDWXQFLFkQGEXWRQXOGHFODQúDWRUHVWHDSăVDWLDU
IRWRJUD¿HUHDQXHVWHSRVLELOă =  
> @HVWHD¿úDWFkQGEXWRQXOGHFODQúDWRUHVWHDSăVDWSkQăODMXPăWDWH
(=  
Ɣ 6HWDĠL>0RG,6@OD>&RQWLQXX@ =  
Ɣ 5LGLFDĠLEOLĠXOúLVHWDĠLPRGXOGHEOLĠOD> @ =  
Ɣ 0ăUL‫ڏ‬LYDORDUHD,62 =  
Ɣ $VH]DĠLDSDUDWXOSHXQWUHSLHGVDXOXDĠLDOWHPăVXULSHQWUXDOPHQĠLQHQHPLúFDW
6XSOLPHQWDUVHWDĠL>0RG,6@OD>2SULW@DWXQFLFkQGIRORVLĠLXQWUHSLHGVDXDOWH
PLMORDFHSHQWUXDĠLQHDSDUDWXOQHPLúFDW =  

)RWRJUD¿LOHVXQWGHIRFDOL]DWH
Ɣ $SăVDĠLEXWRQXOGHFODQúDWRUSkQăODMXPăWDWHSHQWUXDIRFDOL]DSHVXELHFWH
vQDLQWHVăvODSăVDĠLSkQăODFDSăWSHQWUXDIRWRJUD¿D =  
Ɣ $VLJXUDĠLYăFăVXELHFWHOHVHDÀăvQUD]DGHIRFDOL]DUH =  
Ɣ 6HWDĠL>/XPLQă$)@OD>3RUQLW@ =  
Ɣ $VLJXUDĠLYăFăIXQFĠLLOHGHFDUHQXDYHĠLQHYRLHSUHFXPIXQFĠLDPDFURVXQWGH]DFWLYDWH
Ɣ ÌQFHUFDĠLVăIRWRJUD¿DĠLFXIRFDOL]DUHDEORFDWăVDXFXEORFDUH$) = 98,
=  


'HSDQDUH

1LFLXQFDGUX$)QXHVWHD¿úDWLDUDSDUDWXOQXIRFDOL]HD]ăFkQGEXWRQXO
GHFODQúDWRUHVWHDSăVDWSkQăODMXPăWDWH
Ɣ 3HQWUXDDYHDFDGUHOH$)D¿úDWHúLRIRFDOL]DUHFRUHFWăvQFHUFDĠLVăFRPSXQHĠLIRWRJUD¿DFX
]RQHOHFXVXELHFWHFXFRQWUDVWPDUHFHQWUDWHvQDLQWHGHDDSăVDEXWRQXOGHFODQúDWRUSkQăOD
MXPăWDWH$OWIHOvQFHUFDĠLVăDSăVDĠLEXWRQXOGHFODQúDWRUSkQăODMXPăWDWHvQPRGUHSHWDW

6XELHFĠLLGLQIRWRJUD¿LVXQWSUHDvQWXQHFDĠL
Ɣ 5LGLFDĠLEOLĠXOúLVHWDĠLPRGXOGHEOLĠOD> @ =  
Ɣ 5HJODĠLOXPLQR]LWDWHDIRORVLQGFRPSHQVDUHDH[SXQHULL =  
Ɣ 5HJODĠLFRQWUDVWXOIRORVLQGL&RQWUDVW = =  
Ɣ )RORVLĠLEORFDUH$(VDXPăVXUDUHVSRW = 88, =  

6XELHFWHOHDSDUSUHDOXPLQRDVHSXQFWHOHOXPLQRDVHDSDUúWHUVH
Ɣ &RERUkĠLEOLĠXOúLVHWDĠLPRGXOGHEOLĠOD> @ =  
Ɣ 5HJODĠLOXPLQR]LWDWHDIRORVLQGFRPSHQVDUHDH[SXQHULL =  
Ɣ )RORVLĠLEORFDUH$(VDXPăVXUDUHVSRW = 88, =  
Ɣ 5HGXFHĠLLOXPLQDUHDSHVXELHFWH

)RWRJUD¿LOHVXQWSUHDvQWXQHFDWHGHúLEOLĠXOVDGHFODQúDW =  
Ɣ )RWRJUD¿D‫ڏ‬LvQLQWHUYDOXOGHDFRSHULUHDEOLĠXOXL =  
Ɣ 0ăUL‫ڏ‬LYDORDUHD,62 =  

6XELHFWHOHIRWRJUD¿DWHFXEOLĠVXQWSUHDOXPLQRDVHSXQFWHOHOXPLQRDVHDSDUúWHUVH
Ɣ )RWRJUD¿D‫ڏ‬LvQLQWHUYDOXOGHDFRSHULUHDEOLĠXOXL =  
Ɣ &RERUkĠLEOLĠXOúLVHWDĠLPRGXOGHEOLĠOD> @ =  

3XQFWHDOEHVDXDOWHDUWHIDFWHGHLPDJLQHDVHPăQăWRDUHDSDUvQ
IRWRJUD¿LOHIăFXWHFXEOLĠ
Ɣ $FHVWOXFUXHVWHFDX]DWGHOXPLQDEOLĠXOXLFDUHUHÀHFWăSUDIXOúLSDUWLFXOHOHGHDHU

)RWRJUD¿LFXDVSHFWJUDQXODWSURQXQĠDW
Ɣ 0LF‫ڍ‬RUD‫ڏ‬LYDORDUHD,62 =  

6XELHFWHOHVXQWDIHFWDWHGHHIHFWXORFKLURúLL
Ɣ 6HWDĠL>/XPLQăRFKLURúLL@OD>3RUQLW@ =  SHQWUXDDFWLYDOXPLQDSHQWUXUHGXFHUHD
HIHFWXOXLGHRFKLURúLL =  vQIRWRJUD¿LOHUHDOL]DWHFXEOLĠ1RWDĠLIDSWXOFăDWXQFL
FkQGOXPLQDSHQWUXUHGXFHUHDHIHFWXOXLGHRFKLURúLLHVWHSRUQLWă WLPSGHDSUR[LPDWLY
RVHFXQGă QXSXWHĠLIDFHIRWRJUD¿LGHRDUHFHOXPLQDQHXWUDOL]HD]ăHIHFWXOGH
RFKLURúLL3HQWUXUH]XOWDWHRSWLPHUXJDĠLVXELHFĠLLVăSULYHDVFăVSUHOXPLQăSHQWUX
UHGXFHUHDHIHFWXOXLGHRFKLURúLL'HDVHPHQHDvQFHUFDĠLVăDYHĠLPDLPXOWăOXPLQă
SHQWUXVFHQHOHGHLQWHULRUúLVăIRWRJUD¿DĠLODGLVWDQĠHFkWPDLPLFL
Ɣ (GLWDĠLLPDJLQLOHIRORVLQGIXQFĠLDGHFRUHFWDUHRFKLURúLL =  

ÌQUHJLVWUDUHDSHFDUGXOGHPHPRULHGXUHD]ăSUHDPXOWVDXIRWRJUD¿HUHDvQ
UDIDOăVHGHVIăúRDUăOHQW
Ɣ )RORVLĠLDSDUDWXOSHQWUXDHIHFWXDIRUPDWDUHDVLPSOăDFDUGXOXLGHPHPRULH =  

'HSDQDUH

6HWăULOHGHIRWRJUD¿HUHVDXVHWăULOHPHQLXOXL)81&QXVXQWGLVSRQLELOH
Ɣ 6HWăULOHGLVSRQLELOHSRWYDULDvQIXQFĠLHGHPRGXOGHIRWRJUD¿HUH&RQVXOWD‫ڏ‬L
VHF‫ڏ‬LXQLOH³)XQF‫ڏ‬LLGLVSRQLELOHvQ¿HFDUHPRGGHIRWRJUD¿HUH´³0HQLX)81&´‫ڍ‬L
³7DEIRWRJUD¿HUH´ = ±=  

5HDOL]DUHDGHILOPH

7LPSXOUăPDVD¿úDWHVWHLQFRUHFWVDXvQUHJLVWUDUHDHVWHvQWUHUXSWă
Ɣ )RORVLĠLDSDUDWXOSHQWUXDIRUPDWDFDUGXOGHPHPRULHVDXWUHFHĠLSHXQFDUGFDUHVXSRUWă
vQUHJLVWUDUHDODYLWH]ăPDUH&KLDUGDFăWLPSXOUăPDVD¿úDWHVWHLQFRUHFWOXQJLPHD¿OPHORUGH
SHFDUGXOGHPHPRULHYD¿DFHHDúLFXWLPSXOGHvQUHJLVWUDUHUăPDV == 

> @HVWHD¿úDWúLIRWRJUD¿HUHDVHRSUHúWHvQPRGDXWRPDW
Ɣ =RQDWDPSRQDPHPRULHLLQWHUQHDDSDUDWXOXLHVWHRFXSDWăGHRDUHFHDSDUDWXOQXSRDWH
vQUHJLVWUDSHFDUGXOGHPHPRULHVX¿FLHQWGHUDSLGÌQFHUFDĠLXQDGLQXUPăWRDUHOHPăVXUL
 )RORVLĠLDSDUDWXOSHQWUXDHIHFWXDIRUPDWDUHDVLPSOăDFDUGXOXLGHPHPRULH
(=  
 6FăGHĠLFDOLWDWHDLPDJLQLL =  
 7UHFHĠLODXQFDUGGHPHPRULHFDUHVXSRUWăvQUHJLVWUDUHDODYLWH]ăPDUH
(=  

8WLOL]DUHD]RRPXOXLQXHVWHSRVLELOă
Ɣ 8WLOL]DUHD]RRPXOXLQXHVWHSRVLELOăFkQG¿OPDĠLvQPRGXO> @ =  

5HGDUH

5HGDUHDQXHVWHSRVLELOă
Ɣ 5HGDUHDLPDJLQLORUVDXD¿OPHORUQXHVWHSRVLELOăGDFăIRORVLĠLXQFDOFXODWRU
SHQWUXDUHGHQXPL¿úLHUHOHVDXGDFăPRGL¿FDĠLVWUXFWXUDGLUHFWRUXOXL

5HGDUHDVHRSUHúWHVDXvQUHJLVWUDUHDVXQHWXOXLQXDUHORF
Ɣ 7UHFHĠLODXQFDUGSHFDUHDĠLHIHFWXDWRIRUPDWDUHVLPSOăFXDMXWRUXODSDUDWXOXL
(=  
Ɣ 3RWH[LVWDPLFLvQWUHUXSHULDWXQFLFkQGUHGDĠL¿OPHFRSLDWHSHFDUGXULGHPHPRULH
FDUHDXYLWH]HGHFLWLUHPLFL
Ɣ $WXQFLFkQG¿OPHOHVXQWUHGDWHSHFDOFXODWRUSRWGLVSăUHDFDGUHúLHVWHSRVLELOFD
VXQHWXOVăQX¿HUHGDWvQFD]XOvQFDUHFDOFXODWRUXOQXHVWHIRDUWHSHUIRUPDQW

6XQHWXOQXVHDXGHvQWLPSXO¿OPHORU
Ɣ 5HJODĠLYROXPXO =  GDFăD‫ڏ‬LDFWLYDWVHWDUHD>6LOHQ‫ڏ‬LRV@ =  VDXGDFă
VXQHWXO¿OPXOXLHVWHVODE
Ɣ 1LFLXQVXQHWQXHVWHUHGDWSHQWUX¿OPHOHUHDOL]DWHvQPRGXO> @ =  
GHRDUHFHQXVHIDFvQUHJLVWUăULDXGLRvQDFHVWPRG


'HSDQDUH

&DUGGHPHPRULH

&DUGXOGHPHPRULHQXHVWHUHFXQRVFXW
Ɣ 5HSRUQLĠLDSDUDWXOFXFDUGXOGHPHPRULHvQHO =  

&DOFXODWRU

1XVHSRWWUDQVIHUDLPDJLQLvQWUXQFDOFXODWRU
Ɣ $WXQFLFkQGvQFHUFDĠLVăWUDQVIHUDĠLLPDJLQLSHFDOFXODWRUFXDMXWRUXOXQXLFDEOX
vQFHUFDĠLVăUHGXFHĠLYLWH]DGHWUDQVIHUGXSăFXPXUPHD]ă
 $SăVDĠLEXWRQXO> @SHQWUXDDFFHVDPRGXO5HGDUHğLQHĠLDSăVDWEXWRQXO
> @vQWLPSFHDSăVDĠLEXWRDQHOH> @úL> @vQDFHODúLWLPS3HHFUDQ
DSăVDĠLEXWRDQHOH> @> @SHQWUXDDOHJH>%@úLDSRLDSăVDĠLEXWRQXO> @

&DUGXUL(\H)L

1XSXWHĠLWUDQVIHUDLPDJLQLOH =  


0HVDMHSHHFUDQ
'DFăDSDUHXQPHVDMGHHURDUHUHDFĠLRQDĠLvQIHOXOXUPăWRU
1LFLXQFDUGGHPHPRULH
Ɣ (VWHSRVLELOVă¿LQWURGXVFDUGXOGHPHPRULHvQGLUHFĠLDJUHúLWă5HLQWURGXFHĠL
FDUGXOGHPHPRULHvQGLUHFĠLDFRUHFWă =  

&DUGGHPHPRULHEORFDW
Ɣ %XWRQXOSHQWUXSURWHFĠLDGDWHORUDOFDUGXOXLGHPHPRULHHVWHVHWDWSHSR]LĠLDGH
EORFDUH6FKLPEDĠLEXWRQXOSHQWUXSURWHFĠLDGDWHORUSHSR]LĠLDGHGHEORFDUH =  

1XSXWHĠLvQUHJLVWUD
Ɣ $ĠLvQFHUFDWVăIRWRJUD¿DĠLIăUăVăDYHĠLXQFDUGGHPHPRULHvQDSDUDW3HQWUXD
IRWRJUD¿DLQWURGXFHĠLXQFDUGGHPHPRULHvQGLUHFĠLDFRUHFWă =  

(URDUHFDUGGHPHPRULH = 
Ɣ 'DFăDFHODúLPHVDMGHHURDUHDSDUHFKLDUúLGXSăFHDĠLLQWURGXVXQFDUGGHPHPRULH
IRUPDWDW = vQGLUHFĠLDFRUHFWăFRQWDFWDĠLGHSDUWDPHQWXOGHVXSRUW&DQRQ = 

6SDĠLXLQVX¿FLHQWSHFDUG
Ɣ 1XH[LVWăVSDĠLXVX¿FLHQWSHFDUGXOGHPHPRULHSHQWUXDIRWRJUD¿D =44, =
= VDXSHQWUXDHGLWDLPDJLQL =± ùWHUJHĠLLPDJLQLOHGHFDUHQXPDLDYHĠL
QHYRLH = VDXLQWURGXFHĠLXQFDUGGHPHPRULHFXVX¿FLHQWVSDĠLXOLEHU = 

ÌQFăUFDĠLEDWHULD = 
1LFLRLPDJLQH
Ɣ &DUGXOGHPHPRULHQXFRQĠLQHQLFLRLPDJLQHFDUHVăSRDWă¿D¿úDWă

3URWHMDWH = 
,PDJLQHQHLGHQWL¿FDWă-3(*,QFRPSDWLELO,PDJLQHSUHDPDUH1XHVWH
SRVLELOăUHGDUHD0291XHVWHSRVLELOăUHGDUHD03
Ɣ ,PDJLQLOHQHDFFHSWDWHVDXLPDJLQLOHGHWHULRUDWHQXSRW¿D¿úDWH
Ɣ (VWHSRVLELOVăQXSXWHĠLD¿úDLPDJLQLFDUHDXIRVWHGLWDWHVDXUHGHQXPLWHSHXQ
FDOFXODWRUVDXLPDJLQLUHDOL]DWHFXDOWDSDUDW

1XVHSRDWHPăUL1XSRDWHUHGDDFHVWPDWHULDOvQ0L[DUHLQWHOLJHQWă1X
VHSRDWHURWL1XSRDWHPRGL¿FDLPDJLQHD1XVHSRDWHPRGL¿FD1XVH
SRDWHDWULEXLRFDWHJRULH,PDJLQHQHVHOHFWDELOă
Ɣ 8UPăWRDUHOHIXQFĠLLSRW¿LQGLVSRQLELOHSHQWUXLPDJLQLOHFDUHDXIRVWUHQXPLWHVDX
GHMDHGLWDWHSHXQFDOFXODWRUVDXSHQWUXLPDJLQLOHUHDOL]DWHFXDOWDSDUDW)XQFĠLLOH
PDUFDUHFXDVWHUL[ QXVXQWGLVSRQLELOHSHQWUX¿OPH
0ăULUH  =  0L[DUHLQWHOLJHQWă  =  5RWLUH  =  )DYRULWH
(=  (GLWDUH  = ± /LVWăGHLPSULPDUH  =  úL6HWDUHDOEXP
IRWR  =  


0HVDMHSHHFUDQ

,QWHUYDOGHVHOHFWDUHQHYDOLGă
Ɣ &kQGD‫ڏ‬LVSHFL¿FDWRJDPăSHQWUXVHOHFWDUHDLPDJLQLL = = 
=  D‫ڏ‬LvQFHUFDĠLVăDOHJHĠLRLPDJLQHLQLĠLDOăFDUHDIRVWGXSăLPDJLQHDGH
¿QDOVDXLQYHUV

/LPLWDGHVHOHFWDUHGHSăúLWă
Ɣ $XIRVWVHOHFWDWHPDLPXOWGHLPDJLQLSHQWUX/LVWDGHLPSULPDUH =  VDX
SHQWUX6HWDUHDGHDOEXPIRWR =  $OHJHĠLGHLPDJLQLVDXPDLSXĠLQH
Ɣ 6HWăULOHSHQWUX/LVWDGHLPSULPDUH = VDXSHQWUX6HWDUHGH$OEXPIRWR = 
QXDXSXWXW¿VDOYDWHFRUHFW5HGXFHĠLQXPăUXOLPDJLQLORUVHOHFWDWHúLvQFHUFDĠLGLQQRX
Ɣ $ĠLvQFHUFDWVăDOHJHĠLPDLPXOWGHGHLPDJLQLvQ3URWHMDUH =  ‫ڌ‬WHUJHUH
(=  )DYRULWH =  /LVWăGHLPSULPDUH =  VDX6HWDUHDOEXP
IRWR =  

(URDUHGHGHQXPLUH
Ɣ 1XD‫ڏ‬LSXWXWFUHDGLUHFWRUXOVDXLPDJLQLOHQXDXSXWXW¿vQUHJLVWUDWHGHRDUHFHFHO
PDLPDUHQXPăUGHGLUHFWRUDFFHSWDW  SHQWUXVWRFDUHDGHLPDJLQLSHFDUGD
IRVWGHMDDWLQVLDUFHOPDLPDUHQXPăUGHLPDJLQHVXSRUWDW  SHQWUXLPDJLQLOH
GLQGLUHFWRDUHDIRVWGHDVHPHQHDDWLQV/DWDEXO> @PRGL¿FDĠL>1XPHURWDUH
¿úLHU@OD>5HVHWDUHDXWR@ =  VDXIRUPDWD‫ڏ‬LFDUGXOGHPHPRULH =  

(URDUHRELHFWLY
Ɣ $FHDVWăHURDUHSRDWHDYHDORFvQFD]XOvQFDUHRELHFWLYXOHVWHUHĠLQXWvQWLPSFH
VHGHSODVHD]ăVDXDWXQFLFkQGDSDUDWXOHVWHIRORVLWvQORFXULFXSUDIVDXQLVLS
Ɣ $¿úDUHDIUHFYHQWăDDFHVWXLPHVDMGHHURDUHSRDWHLQGLFDRGHIHFĠLXQHDDSDUDWXOXL
ÌQDFHVWFD]OXDĠLOHJăWXUDFXXQUHSH]HQWDQWDOGHSDUWDPHQWXOXLGHVXSRUW&DQRQ

$IRVWGHWHFWDWăRHURDUHDDSDUDWXOXL QXPăUHURDUH
Ɣ 'DFăDFHVWPHVDMFXHURDUHDSDUHLPHGLDWGXSăIRWRJUD¿HUHHVWHSRVLELOFD
LPDJLQHDVăQX¿IRVWVDOYDWă7UHFHĠLODPRGXO5HGDUHSHQWUXDYHUL¿FDLPDJLQHD
Ɣ $¿úDUHDIUHFYHQWăDDFHVWXLPHVDMGHHURDUHSRDWHLQGLFDRGHIHFĠLXQHD
DSDUDWXOXLÌQDFHVWFD]QRWDĠLQXPăUXOHURULL Exx úLFRQWDFWDĠLXQUHSUH]HQWDQWDO
GHSDUWDPHQWXOXLGHVXSRUW&DQRQ

(URDUH¿úLHU
Ɣ (VWHSRVLELOVăQXSXWH‫ڏ‬LIDFHLPSULPDUHDFRUHFWă =  DIRWRJUD¿LORUUHDOL]DWH
FXDOWHDSDUDWHVDXDLPDJLQLORUFDUHDXIRVWGHWHULRUDWHGLQFDX]DXQXLVRIWZDUH
GHFDOFXODWRUFKLDUGDFăDSDUDWXOHVWHFRQHFWDWODLPSULPDQWă

(URDUHGHLPSULPDUH
Ɣ 9HUL¿FDĠLVHWDUHDSHQWUXGLPHQVLXQHDKkUWLHL = 'DFăDFHVWPHVDMGHHURDUHHVWH
D¿úDWFkQGVHWDUHDHVWHFRUHFWăUHSRUQLĠLLPSULPDQWDúLUHIDFHĠLVHWDUHDvQDSDUDW

5HFLSLHQWXOSHQWUXWXúUH]LGXDOHVWHSOLQ
Ɣ &RQWDFWDĠLXQUHSUH]HQWDQWDOGHSDUWDPHQWXOXLGHVXSRUW&DQRQSHQWUXDVROLFLWD
DVLVWHQĠăSHQWUXvQORFXLUHDUHFLSLHQWXOXLSHQWUXWXúUH]LGXDO


,QIRUPDĠLLSHHFUDQ

)RWRJUD¿HUHD $¿úDUHLQIRUPDĠLL
(27)
(28)
(9)(10) (11) (12) (13) (14) (15)
(29)
( 1) (16)
( 2)
( 3) (17)
( 4)
( 5) (18)
( 6)
(30) (31)
( 7) (19)
( 8) (20)
(21)
(22) (23) (24) (25) (26)
(32)

  1LYHOEDWHULH =    0ăULUH]RRPGLJLWDO =  


  1LYHOGHDOE =  7HOHFRQYHUWRUGLJLWDO = 

  0\&RORUV =    ,QWHUYDOIRFDOL]DUH
(= 96=  %ORFDUH$)
  0RGIRWRJUDILHUH = 
(= 
  0RG(FR = 
  0RGIRWRJUDILHUH =  6LPERO
  $XWRGHFODQúDWRU =  VFHQă = 
  $YHUWLVPHQWWUHPXUDSDUDW =    0RGEOLĠ = 
  0HWRGăGHPăVXUDUH =    &DGUX$) =  &DGUXSXQFW
  6WDWXVFRQH[LXQH(\H)L =  $( = 

  &RPSULPDUHDIRWRJUDILLORU   ‫ڌ‬WDPSLOăFXGDWD = 
(=  5H]ROX‫ڏ‬LH =    9DORDUH,62 = 
  )RWRJUDILLFDUHSRWIL   L&RQWUDVW = 
vQUHJLVWUDWH = 
  *ULOH = 
  &DOLWDWHILOP = 
  %ORFDUH$( =  %ORFDUH)(
  7LPSUăPDV =  (= 


,QIRUPDĠLLSHHFUDQ

  7LPSGHH[SXQHUH   6LPEROPRG,6 = 
  9DORDUHGLDIUDJPă   'HWHFWDUHFOLSLUH = 
  1LYHOFRPSHQVDUHH[SXQHUH   )XVRUDU = 
(=    6WDELOL]DUHLPDJLQH = 
  %DUD]RRP =    %DUDSHQWUXFRPSHQVDUHH[SXQHUH
(= 

1LYHOEDWHULH
8QVLPEROVDXXQPHVDMSHHFUDQYDLQGLFDQLYHOXOGHvQFăUFDUHDOEDWHULHL
$¿úDM Detalii
ÌQFăUFDUHVX¿FLHQWă
8úRUGHVFăUFDWăGDUVX¿FLHQWă
$SURDSHGHVFăUFDWă²vQFăUFDĠL
%HFURúXFDUHFOLSHúWH
EDWHULDFkWPDLFXUkQG
'HVFăUFDWă²vQFăUFD‫ڏ‬LEDWHULD
>ÌQFăUFDĠLEDWHULD@
LPHGLDW


,QIRUPDĠLLSHHFUDQ

5HGDUH $¿úDUHLQIRUPDĠLLGHWDOLDWH
(8) (9)(10) (11)

(1)
(12)
( 2) (13)
( 3) (14)
( 4) (15)
(16)
( 5) (17)
( 6) (18)
(19)
( 7)

(20) (21)(22) (23) (24) (25)

  )LOPH = 44, =    7LPSXOGHH[SXQHUH )RWRJUDILL 


  0RGIRWRJUDILHUH =  &DOLWDWHDLPDJLQLL5DWăFDGUH
)LOPH  = 
  9DORDUH,62 =  9LWH]ă
redare (=    9DORDUHGLDIUDJPă

  1LYHOFRPSHQVDUHH[SXQHUH   %OLĠ = 


(=    L&RQWUDVW = = 
  1LYHOGHDOE =    ,QWHUYDOIRFDOL]DUH = 96,
= 
  +LVWRJUDPă = 
  &RPSUHVLH &DOLWDWHLPDJLQH    'LPHQVLXQHIL‫ڍ‬LHU
(=  5H]ROX‫ڏ‬LH =     )RWRJUDILL5H]ROXĠLH = 
029 ILOPH )LOPH7LPSGHUHGDUH = 
  7UDQVIHUDWHSULQ(\H)L =    (GLWDUHDIRWRJUDILLORU = 
  1LYHOEDWHULH =    3URWHMDUH = 
  0HWRGăGHPăVXUDUH =    )DYRULWH = 
  1XPăUGLUHFWRU1XPăUILúLHU   0\&RORUV = 93, = 
(=    &RUHFWDUHDHIHFWXOXLGHRFKLURúLL
  1ULPDJLQHFXUHQWăQUWRWDOGH (= 
LPDJLQL   'DWDRUDIRWRJUDILHULL = 


,QIRUPDĠLLSHHFUDQ

Ɣ (VWHSRVLELOFDDQXPLWHLPDJLQLVăQXVHD¿úH]HDWXQFLFkQGVXQW
YL]XDOL]DWHSHXQWHOHYL]RU =  

5H]XPDWXO3DQRXOXLGHFRQWUROSHQWUX¿OPH
8UPăWRDUHOHRSHUDĠLXQLVXQWGLVSRQLELOHGLQSDQRXOGHFRQWURODO¿OPXOXL
DFFHVDWDúDFXPHVWHGHVFULVvQ³9L]XDOL]DUH´ =  
,HúLUH
Redare
6ORZ0RWLRQ $SăVDĠLEXWRDQHOH> @> @SHQWUXDUHJODYLWH]DGH
UHGDUH1XVHDXGHQLFLXQVXQHW
'HUXODUHvQDSRL  3HQWUXDFRQWLQXDVăGHUXODĠLvQDSRLĠLQHĠL
DSăVDWEXWRQXO> @
&DGUXODQWHULRU 3HQWUXGHUXODUHUDSLGăvQDSRLĠLQHĠLDSăVDW
EXWRQXO> @
8UPăWRUXOFDGUX 3HQWUXGHUXODUHUDSLGăvQIDĠăĠLQHĠLDSăVDW
EXWRQXO> @
'HUXODUHvQDLQWH  3HQWUXDFRQWLQXDVăGHUXODĠLvQDLQWHĠLQHĠL
DSăVDWEXWRQXO> @
(GLWDUH = 
,QGLFăDWXQFLFkQGDSDUDWXOHVWHFRQHFWDWODRLPSULPDQWă
FRPSDWLELOă3LFW%ULGJH =  
 $¿úHD]ăFDGUXOFXDSUR[LPDWLYVHFXQGHvQDLQWHVDXGXSăFDGUXOSUH]HQW

Ɣ 3HQWUXDGHUXODvQDLQWHVDXvQDSRLvQWLPSXOUHGăULLXQXL¿OP
DSăVDĠLEXWRDQHOH> @> @


)XQFĠLLúL7DEHOHFXPHQLXUL
)XQFĠLLOHGLVSRQLELOHVDXVHWDWHDXWRPDWVXQWLQGLFDWHGHVLPEROXULQHJUH
SUHFXP 
)XQFĠLLOHLQGLVSRQLELOHVXQWLQGLFDWHGHVLPEROXULJULSUHFXP 

)XQFĠLLGLVSRQLELOHvQ¿HFDUHPRGGHvQUHJLVWUDUH

&RPSHQVDUHH[SXQHUH = 
            


$XWRGHFODQúDWRU = 

             

 
             

6HWăULDXWRGHFODQúDWRU = 
             

%OLĠ = 

             

             

2            




)XQFĠLLúL7DEHOHFXPHQLXUL

             

%ORFDUH$(%ORFDUH)( = 88, =  3


             

%ORFDUH$) = 
             

,QWHUYDOIRFDOL]DUH = 96, = 

             


             

8UPăULUH$) = 
             

6FKLPEăD¿úDMXO = 
             

 6HWăUL>ÌQWXQHFDW/XPLQDW@
 1XHVWHGLVSRQLELOGDUWUHFHOD> @vQDQXPLWHFD]XUL
 %ORFDUH)(QXHVWHGLVSRQLELOăvQPRGXOEOL‫@ >ڏ‬


)XQFĠLLúL7DEHOHFXPHQLXUL

0HQLX)81&

0HWRGăGHPăVXUDUH = 

             


             

0\&RORUV = 

             

          2
             

1LYHOGHDOE = 

             
    
             

9DORDUH,62 = 

             


)XQFĠLLúL7DEHOHFXPHQLXUL

   


             

0RGIRWRJUD¿HUH = 

             

             

5DSRUWDVSHFWIRWRJUD¿L = 

             


             

             
5H]ROXĠLH = 

             
 
             


)XQFĠLLúL7DEHOHFXPHQLXUL

             

&RPSUHVLH = 

             

             
&DOLWDWH¿OP = 

       3     


 1LYHOXOGHDOEQXHVWHGLVSRQLELO
 6HWDWODXQLQWHUYDOGH±FRQWUDVWFODULWDWHVDWXUDĠLDGHFXORDUHURúXYHUGH
DOEDVWUXúLWRQXOSLHOLL
 6HVLQFURQL]HD]ăFXVHWDUHDGHUDSRUWGHDVSHFWúLHVWHVHWDWăDXWRPDW
(=  

7DEIRWRJUD¿HUH

&DGUX$) = 
)DĠă$L$) 
             
8UPăULUH$)
             

Centru
             


)XQFĠLLúL7DEHOHFXPHQLXUL

'LPHQVLXQHFDGUX$) =  2
1RUPDO
             

0LF
             

=RRPGLJLWDO = 
Standard
             

2SULW
             

[[
             
=RRPSXQFW$) = 
3RUQLW
             
2SULW
             
6HUYR$) = 
3RUQLW
             

2SULW 3
             


)XQFĠLLúL7DEHOHFXPHQLXUL

$)FRQWLQXă = 
3RUQLW
             

2SULW
             

/XPLQă$) = 
3RUQLW
             
2SULW
             
6HWăULEOLĠ = 
/DPSăSHQWUXRFKLURúLL
3RUQLWRSULW
             

L&RQWUDVW = 
$XWR
             

2SULW
             


)XQFĠLLúL7DEHOHFXPHQLXUL

9L]XDOL]DUHLPDJLQHGXSăIRWRJUD¿HUH = 
$¿úDUHRUă
2SULW5DSLGVHFVHFVHF0HQ‫ڏ‬LQHUH
             

,QIRUPDĠLLD¿úDM
2SULW'HWDOLDW
             

'HWHFWDUHFOLSLUH = 
3RUQLW
             
2SULW
             

*ULOH = 
3RUQLWRSULW
             

6HWăUL,6 = 
0RG,6
&RQWLQXX2SULW
             

'RDUIRWRJUD¿HUH
             


)XQFĠLLúL7DEHOHFXPHQLXUL

0RG,6'LQDPLF

             

2
             

‫ڌ‬WDPSLOăFXGDWD = 
2SULW
             

'DWă'DWă RUă
             

 2SHUDUHDDWXQFLFkQGQLFLRIDĠăQXHVWHGHWHFWDWăGLIHUăvQIXQFĠLHGHPRGXOGH
IRWRJUD¿HUH
 'LVSRQLELODWXQFLFkQGFDGUXO$)HVWHVHWDWSH>&HQWUX@
 >3RUQLW@DWXQFLFkQGVHGHWHFWHD]ăGHSODVDUHDVXELHFWXOXLvQPRGXO> @


)XQFĠLLúL7DEHOHFXPHQLXUL

7DE6HWDUH

$UWLFRO 3DJLQăUHI
6LOHQ‫ڏ‬LRV = 
9ROXP = 
6IDWXUL VXJHVWLL = 
'DWă2Uă = 22
)XVRUDU = 
5HWUDJHUHRELHFWLY = 
0RG(FR = 
(FRQRPLVLUHHQHUJLH = 33, = 
/XPLQR]LWDWH/&' = 
,PDJLQHSRUQLUH = 
)RUPDWDUH = = 
1XPHURWDUH¿úLHU = 
&UHHD]ăGLUHFWRU = 
6LVWHPYLGHR = 
6HWăUL(\H)L = 
$¿úDUHVLPEROFHUWL¿FDUH = 
/LPEă = 25
5HVHWDUHWRWDOă = 


)XQFĠLLúL7DEHOHFXPHQLXUL

7DE5HGDUH

$UWLFRO 3DJLQăUHI
Prezentare = 
ùWHUJHUH = 
3URWHMDUH = 
5RWLUH = 
)DYRULWH = 
6HWăULDOEXPIRWR = 
L&RQWUDVW = 
&RUHFWDUHRFKLUR‫ڍ‬LL = 
7ăLHUH = 
5HGLPHQVLRQDUH = 
0\&RORUV = 
7UDQ]LĠLH = 
$¿úDUHGHUXODUH = 
$XWRURWLUH = 
Reluare = 


)XQFĠLLúL7DEHOHFXPHQLXUL

7DE,PSULPDUH

$UWLFRO 3DJLQăUHI
,PSULPDUH ±
6HOHFWDĠL,PDJLQL &DQWLWDWH = 
6HOHFWDĠLLQWHUYDO = 
6HOHFWDĠLWRDWHLPDJLQLOH = 
$QXODĠLWRDWHVHOHFĠLLOH = 
6HWăULGHLPSULPDUH = 

0HQLX)81&PRG5HGDUH

$UWLFRO 3DJLQăUHI
5RWLUH = 
3URWHMDUH = 
)DYRULWH = 
,PSULPDUH = 
5HGDUH¿OP = 
0L[DUHLQWHOLJHQWă = 
&ăXWDUHLPDJLQH = 
Prezentare = 


&RQGLĠLLGHPDQHYUDUH
Ɣ $SDUDWXOHVWHXQGLVSR]LWLYHOHFWURQLFGHPDUHSUHFL]LH(YLWDĠLVăvO
VFăSDĠLSHMRVVDXVăvOORYLĠLGHVXSUDIHĠHWDUL
Ɣ 1XSR]LĠLRQDĠLDSDUDWXOvQDSURSLHUHGHPDJQHĠLPRWRDUHVDXDOWH
GLVSR]LWLYHFDUHJHQHUHD]ăFkPSXULPDJQHWLFHSXWHUQLFHFDUHDU
SXWHDFDX]DIXQFĠLRQDUHDGHIHFWXRDVăVDXúWHUJHUHDLPDJLQLORU
Ɣ 'DFăSHDSDUDWVDXSHHFUDQDMXQJVWURSLGHDSăVDXGHPXUGăULH
úWHUJHĠLFXRFkUSăXVFDWăúLPRDOHSUHFXPFkUSHOHSHQWUXúWHUJHUHD
RFKHODULORU1XIUHFDĠLúLQXIRUĠDĠL
Ɣ 1XIRORVLĠLQLFLRGDWăPDWHULDOHGHFXUăĠDUHFDUHFRQĠLQVROYHQĠLRUJDQLFL
SHQWUXDFXUăĠDDSDUDWXOVDXHFUDQXO
Ɣ )RORVLĠLRSHULHPRDOHSHQWUXDvQGHSăUWDSUDIXOGHSHRELHFWLYÌQFD]XO
vQFDUHFXUăĠDUHDHVWHGL¿FLOăDGUHVDĠLYăGHSDUWDPHQWXOXLGHVXSRUW
&DQRQ
Ɣ 3HQWUXDSUHYHQLIRUPDUHDFRQGHQVXOXLSHDSDUDWvQXUPDVFKLPEăULORU
EUXúWHGHWHPSHUDWXUă DWXQFLFkQGDSDUDWXOHVWHWUDQVIHUDWGLQWUXQ
PHGLXUHFHvQWUXQPHGLXFDOG SXQHĠLDSDUDWXOvQWURSXQJăGHSODVWLF
FXYLGUHVLJLODELOăúLOăVDĠLOVăVHUHJOH]HWUHSWDWODWHPSHUDWXUD
UHVSHFWLYăvQDLQWHGHDOVFRDWHGLQSXQJă
Ɣ 'DFăDSDUHFRQGHQVSHDSDUDWRSULĠLLPHGLDWXWLOL]DUHDDFHVWXLDÌQ
FD]XOvQFDUHFRQWLQXDĠLVăIRORVLĠLDSDUDWXOvQVWDUHDDFHDVWDDFHVWDVH
SRDWHGHWHULRUD6FRDWHĠLEDWHULDúLFDUGXOGHPHPRULHúLDúWHSWDĠLSkQă
FHXPH]HDODVDHYDSRUDWFRPSOHWvQDLQWHGHDUHOXDIRORVLUHD
Ɣ ÌQDLQWHGHDGHSR]LWDEDWHULLOHSHQWUXRSHULRDGăPDLPDUHGHWLPS
GHVFăUFD‫ڏ‬LEDWHULLOHVFRDWH‫ڏ‬LOHGLQDSDUDW‫ڍ‬LVWRFD‫ڏ‬LOHvQWURSXQJăGH
SODVWLFVDXFHYDDVHPăQăWRU6WRFDUHDXQHLEDWHULLSDUĠLDOvQFăUFDWHSH
SHULRDGHvQGHOXQJDWH vQMXUGHXQDQ SRDWHVFXUWDGXUDWDGHYLDĠăD
DFHVWHLDVDXvLSRDWHDIHFWDH¿FLHQĠD


6SHFL¿FDĠLL

6SHFL¿FDĠLLDSDUDW

3L[HOLHIHFWLYL
$SUR[LPDWLYPLOLRDQHGHSL[HOL
0D[
'LVWDQĠăIRFDOă []RRP : ± 7 PP
RELHFWLY HFKLYDOHQW¿OPPP : ± 7 PP
/&'7)7FRORUGHFP LQ
0RQLWRU/&'
3L[HOLHIHFWLYL$SUR[SXQFWH
&RPSDWLELOFX5HJXODGHFUHDUHDVLVWHPXOXLGH
)RUPDW¿úLHU
¿úLHUHDODSDUDWXOXL'32) 9HUVLXQHD
)RWRJUD¿L([LI -3(*
7LSGDWH )LOPH029 9LGHR03(*$9&+$XGLR
/LQHDU3&0 PRQR
86%GHPDUHYLWH]ă
,QWHUIDĠă ,HúLUHDQDORJLFăDXGLR PRQR
,HúLUHDQDORJLFăYLGHR 176&3$/
6XUVăGH %DWHULH1%/+
DOLPHQWDUH $GDSWRU$&$&.'&
'LPHQVLXQL
FRQIRUP
[[PP [[LQ
LQVWUXFĠLXQLORU
&,3$
*UHXWDWH
FRQIRUP $SUR[J LQFOXVLYEDWHULDúLFDUGXOGHPHPRULH
LQVWUXFĠLXQLORU $SUR[J GRDUDSDUDWXO
&,3$


6SHFL¿FDĠLL

'LVWDQĠăIRFDOă]RRPGLJLWDO HFKLYDOHQW¿OPPP
±PP
=RRPGLJLWDO>6WDQGDUG@ 5HSUH]LQWăGLVWDQĠDIRFDOăFRPELQDWă
GLQWUH]RRPRSWLFúL]RRPGLJLWDO
7HOHFRQYHUWRUGLJLWDO[ PP
7HOHFRQYHUWRUGLJLWDO[ ±PP

1XPăUXOGHIRWRJUD¿L7LPSGHvQUHJLVWUDUH7LPSGHUHGDUH

1XPăUGHIRWRJUD¿L $SUR[
1XPăUGHIRWRJUD¿L 0RG(FRSRUQLW $SUR[
7LPSGHvQUHJLVWUDUH¿OPH  $SUR[GHPLQXWH
7LPSGHvQUHJLVWUDUH¿OPH
$SUR[RUăúLGHPLQXWH
)LOPDUHFRQWLQXă 2
7LPSGHUHGDUH $SUR[RUH
 7LPSLLVXQWvQXUPăWRDUHOHFRQGLĠLLGHvQUHJLVWUDUH
0RG$872
&DOLWDWHDLPDJLQLL> @
ÌQUHJLVWUDUHUHSHWDWăRSULUH]RRPSRUQLUHRSULUH
 7LPSLLVXQWvQXUPăWRDUHOHFRQGL‫ڏ‬LLGHvQUHJLVWUDUH
0RG$872
&DOLWDWHDLPDJLQLL> @
)ăUăRSHUD‫ڏ‬LLSUHFXP]RRP
ÌQUHJLVWUDUHLPHGLDWGXSăRSULUHFkQGGLPHQVLXQHD¿‫ڍ‬LHUXOXLDMXQJHOD*%VDX
WLPSXOGHvQUHJLVWUDUHDMXQJHODPLQVHF
 7LPSXOSHQWUXIRWRJUD¿LUHGDUHvQWURSUH]HQWDUH
Ɣ 1XPăUXOGHIRWRJUD¿LFDUHSRW¿IăFXWHVHED]HD]ăSHVWDQGDUGXOGH
PăVXUăWRULDOH&DPHUD ,PDJLQJ3URGXFWV$VVRFLDWLRQ &,3$ 
Ɣ ÌQDQXPLWHFRQGLĠLLGHIRWRJUD¿HUHQXPăUXOIRWRJUD¿LORUSRVLELOHúL
WLPSXOGH¿OPDUHSRW¿GHGXUDWăPDLPLFăGHFkWFHDPHQĠLRQDWăPDL
VXV
Ɣ 1XPăUGHIRWRJUD¿LWLPSGHvQUHJLVWUDUHFXEDWHULDvQFăUFDWăFRPSOHW


6SHFL¿FDĠLL

1XPăUGHIRWRJUD¿LSHFDUGGHPHPRULH
1XPăUXOGHFDGUHODXQUDSRUWDODVSHFWXOXL =  GHSHQWUX
¿HFDUHFDUGGHPHPRULHHVWHGXSăFXPXUPHD]ă1XPăUXOGHFDGUH
GLVSRQLELOHGHSLQGHGHUDWDDVSHFWXOXL
1XPăUGHIRWRJUD¿LSHFDUGGH
5DWăGH PHPRULH DSUR[LPDWLY
3L[HOLvQUHJLVWUDĠL
FRPSUHVLH
*%
 /DUJH 
0[ 
 0HGLXP 
0[ 
 0HGLXP 9344
0[ 
 6PDOO 53992
0[ 

Ɣ 9DORULOHGLQWDEHOVXQWPăVXUDWHvQFRQIRUPLWDWHFXVWDQGDUGHOH&DQRQ
úLVHSRWVFKLPEDvQIXQFĠLHGHVXELHFWFDUGXOGHPHPRULHúLVHWăULOH
DSDUDWXOXL


6SHFL¿FDĠLL

7LPSGHvQUHJLVWUDUHSHUFDUGGHPHPRULH
7LPSGHvQUHJLVWUDUHSHUFDUGGHPHPRULH
&DOLWDWHDLPDJLQLL
*%
KPLQVHF
KPLQVHF

Ɣ 9DORULOHGLQWDEHOVXQWPăVXUDWHvQFRQIRUPLWDWHFXVWDQGDUGHOH&DQRQ
úLVHSRWVFKLPEDvQIXQFĠLHGHVXELHFWFDUGXOGHPHPRULHúLVHWăULOH
DSDUDWXOXL
Ɣ ÌQUHJLVWUDUHDVHYDRSULDXWRPDWDWXQFLFkQGGLPHQVLXQHD¿úLHUXOXL
FOLSXOXLDMXQJHOD*%VDXFkQGWLPSXOGHvQUHJLVWUDUHDMXQJHOD
DSUR[LPDWLYPLQXWHúLGHVHFXQGHFkQG¿OPDĠLvQ> @VDX
DSUR[LPDWLYRRUăFkQG¿OPDĠLvQ> @
Ɣ ÌQUHJLVWUDUHDVHSRDWHRSULFKLDUGDFăGXUDWDPD[LPDDFOLSXOXLQX
DIRVWDWLQVăSHDQXPLWHFDUGXULGHPHPRULH6XQWUHFRPDQGDWH
FDUGXULOH6'6SHHG&ODVVVDXRYHUVLXQHPDLQRXă

,QWHUYDOEOLĠ
8QJKLZLGHPD[LP FP±P ±IW
7HOHIRWRPD[LP ±P ±IW

,QWHUYDOGHIRWRJUD¿HUH
0RG ,QWHUYDO 8QJKLZLGH
7HOHIRWRPD[LP
IRWRJUD¿HUH IRFDOL]DUH PD[LP
± FP LQ ±LQ¿QLW P IW ±LQ¿QLW
FP LQ ±LQ¿QLW P IW ±LQ¿QLW
±FP
$OWHPRGXUL ±
LQ±IW
P IW ±LQ¿QLW P IW ±LQ¿QLW
1XHVWHGLVSRQLELOvQDQXPLWHPRGXULGHIRWRJUD¿HUH


6SHFL¿FDĠLL

9LWH]ăIRWRJUD¿HUHFRQWLQXă
0RGIRWRJUD¿HUH 9LWH]ă
$SUR[IRWRJUD¿LVHF
$SUR[IRWRJUD¿LVHF

7LPSGHH[SXQHUH

0RGXO> @VHWDUHD
±VHF
DXWRPDWăDLQWHUYDOXOXL

'LDIUDJPă
IQXPăU I±I : I±I 7

%DWHULH1%/+
7LS %DWHULHUHvQFăUFDELOăOLWLXLRQ
9ROWDMQRPLQDO 9'&
&DSDFLWDWHQRPLQDOă P$K
&LFOXULGHvQFăUFDUH $SUR[LPDWLYGHGHRUL
7HPSHUDWXUăGHRSHUDUH±ƒ& ±ƒ)

ÌQFăUFăWRUEDWHULH&%/)&%/)(
$OLPHQWDUH 9$& +]
3XWHUHGHLHúLUH 9'&$
7LPSGHvQFăUFDUH $SUR[RUăPLQ FkQGIRORVL‫ڏ‬L1%/+
,QGLFDWRUvQFăUFDUH ÌQFăUFDUHSRUWRFDOLXÌQFăUFDWFRPSOHWYHUGH
VLVWHPFXGRXăLQGLFDWRDUH
7HPSHUDWXUăGHRSHUDUH±ƒ& ±ƒ)


,QGH[

$ C
$FFHVRULL &DEOX$9
$¿úDMPăULW &DGUH$)
$¿úDM79 &ăOăWRULLFXDSDUDWXO
$OLPHQWDUH &DPHUD:LQGRZ FDOFXODWRU 
$SDUDW &DUGXULGHPHPRULH
5HVHWDUHWRWDOă 7LPSGHvQUHJLVWUDUH
$UWL¿FLL 0RGIRWRJUD¿HUH  &DUGXUL(\H)L
$XWRGHFODQúDUHIDĠă &ăXWDUH
0RGIRWRJUD¿HUH  &HDV
$XWRGHFODQúDWRU &HQWUX 0RG&DGUX$) 
$XWRGHFODQúDUHIDĠă &RQ‫ڏ‬LQXWSDFKHW
PRGIRWRJUD¿HUH  &RUHFWDUHRFKLUR‫ڍ‬LL
$XWRGHFODQúDWRUODVHFXQGH &XORDUH QLYHOGHDOE 
3HUVRQDOL]DUHD &XUHD
DXWRGHFODQúDWRUXOXL
D
B 'DWă2Uă
Bateria $GăXJDUHDXQHL‫ڍ‬WDPSLOH
(FRQRPLVLUHHQHUJLH FXGDWă
ÌQFăUFDUH %DWHULDSHQWUXGDWăRUă
0RG(FR )XVRUDU
1LYHO 0RGL¿FDUH
Baterii 6HWăUL
(FRQRPLVLUHHQHUJLH Defaults ĺ Reset all
%OLĠ 'HSDQDUH
2SULW 'HWHFWDUHFOLSLUH
3RUQLW 'LVSR]LWLYGHFXSODUH'&
6LQFURQL]DUHOHQWă '32)
%ORFDUH$(
%ORFDUH$) (
%ORFDUH)( (FRQRPLVLUHHQHUJLH
%ORFDUH)RFDOL]DUH (FUDQ
/LPEăGHD¿úDUH
3LFWRJUDPH
(GLWDUH


,QGH[

&RUHFWDUHRFKLUR‫ڍ‬LL I
L&RQWUDVW L&RQWUDVW
0\&RORUV ,OXPLQDUHVFă]XWă 0RG)RWRJUD¿HUH 
5HGLPHQVLRQDUHDLPDJLQLORU 73
7ăLHUH ,PDJLQL
(IHFWDSDUDWGHMXFăULH 3HULRDGăGHD¿‫ڍ‬DUH
PRGIRWRJUD¿HUH  3URWHMDUH
(IHFWGHSRVWHU 0RG)RWRJUD¿HUH  ùWHUJHUH
(IHFWPLQLDWXUă 0RG)RWRJUD¿HUH  ,PDJLQLDOEúLQHJUX
(IHFWRFKLGHSHúWH 0RG ,PDJLQLLQWRQXULVHSLD
)RWRJUD¿HUH  ,PSULPDUH
(QHUJLHFDVQLFă ÌQFăUFăWRUEDWHULH
([SXQHUH ,QGLFDWRU
%ORFDUH$( ,Q¿QLW LQWHUYDOIRFDOL]DUH 
%ORFDUH)( ,QWHUYDOIRFDOL]DUH
&RPSHQVDUH ,Q¿QLW
0DFUR
)
)DĠă$L$) 0RG&DGUX$)  .
)DYRULWH .LWDGDSWRU$&
)LOPH
&DOLWDWHDLPDJLQLL L
UH]ROX‫ڏ‬LHUDWăFDGUH  /LPEăGHD¿úDUH
(GLWDUH /XPLQă
7LPSGHvQUHJLVWUDUH
)RFDOL]DUH 0
%ORFDUH$) 0DFUR LQWHUYDOIRFDOL]DUH 
&DGUH$) Meniu
6HUYR$) 2SHUDĠLXQLGHED]ă
=RRPSXQFW$) 7DEHO
)RWRJUD¿HUH 0HQLX)81&
,QIRUPDĠLLGHVSUHIRWRJUD¿HUH 2SHUDĠLXQLGHED]ă
)XVRUDU 7DEHO
0HVDMHGHHURDUH
G 0HWRGăGHPăVXUDUH
*ULOH 0L[DUHLQWHOLJHQWă
0RG$XWR 0RGIRWRJUD¿HUH 


,QGH[

0RG(FR 6WDELOL]DUHDLPDJLQLL
0RGXO/LYH9LHZ&RQWURO ùWHUJHUH
0RGIRWRJUD¿HUH  ùWHUJHUHWRDWH
0RQRFURP 0RG)RWRJUD¿HUH  6XQHWH
0\&RORUV 6XSHU9LYLG 0RG)RWRJUD¿HUH 

N 7
1LYHOGHDOE FXORDUH  7ăLHUH
1LYHOGHDOESHUVRQDOL]DW 7HOHFRQYHUWRUGLJLWDO
1XPHURWDUH¿úLHU 7HUPLQDO
7LPSPDUHGHH[SXQHUH 0RG
3 )RWRJUD¿HUH 
3 0RGIRWRJUD¿HUH 
3LFW%ULGJH U
3RUWUHW 0RG)RWRJUD¿HUH  8UPăULUH$)
3UH]HQWDUH
3URJUDP$( V
3URWHMDUH 9DORDUH,62
9L]XDOL]DUH
$¿úDMPăULW
5 $¿úDM79
5DSRUWDVSHFW $¿úDUHDXQHLVLQJXUHLPDJLQL
5DWăGHFRPSUHVLH $¿úDUHLQGH[
FDOLWDWHDLPDJLQLL  &ăXWDUHLPDJLQH
5HGLPHQVLRQDUHDLPDJLQLORU 0L[DUHLQWHOLJHQWă
5HVHWDUHWRWDOă 3UH]HQWDUH
5H]ROXĠLH 'LPHQVLXQHLPDJLQH 
5RWLUH =
=ăSDGă 0RG)RWRJUD¿HUH 
6 =RRP
6DOYDUHDLPDJLQLORUvQFDOFXODWRU =RRPGLJLWDO
6HUYR$)
6HWăULDOEXPIRWR
6RIWZDUH
,QVWDODUH
6DOYDUHDLPDJLQLORUvQ
FDOFXODWRU


'RDUSHQWUX8QLXQHD(XURSHDQăúL(($ (($1RUYHJLD,VODQGDúL/LHFKWHQVWHLQ

$FHVWHVLPEROXULLQGLFăIDSWXOFăSURGXVXOQXWUHEXLHVă¿H
GHEDUDVDWvPSUHXQăFXJXQRLXOPHQDMHUFRQIRUP'LUHFWLYHL:(((
(8 'LUHFWLYHL &( UHIHULWRDUHODEDWHULHúLVDX
OHJLVODĠLHLQDĠLRQDOHFDUHLPSOHPHQWHD]ăDFHVWH'LUHFWLYHÌQFD]XOvQ
FDUHXQVLPEROFKLPLFHVWHWLSăULWVXEVLPEROXOLQGLFDWPDLVXVvQ
FRQIRUPLWDWHFX'LUHFWLYDUHIHULWRDUHODEDWHULHDFHDVWDLQGLFăIDSWXO
FăXQPHWDOJUHX +J 0HUFXU&G &DGPLX3E 3OXPE HVWH
SUH]HQWvQDFHDVWăEDWHULHVDXDFXPXODWRUvQWURFRQFHQWUDĠLHPDLPDUHGHFkWOLPLWHOH
VSHFL¿FDWHvQ'LUHFWLYDUHIHULWRDUHODEDWHULH

$FHVWSURGXVWUHEXLHSUHGDWFXJULMăODXQSXQFWGHFROHFWDUHVWDELOLWGHH[HPSOXODVFKLPE
DWXQFLFkQGFXPSăUDĠLXQSURGXVQRXVLPLODUVDXODXQORFGHFROHFWDUHDXWRUL]DWSHQWUX
UHFLFODUHDHFKLSDPHQWHORUHOHFWULFHúLHOHFWURQLFH ((( úLDEDWHULLORUúLDFXPXODWRDUHORU
0DQHYUDUHDQHFRUHVSXQ]ăWRDUHDDFHVWXLWLSGHGHúHXULSRDWHDIHFWDPHGLXOúLVăQăWDWHD
RPXOXLGLQFDX]DVXEVWDQĠHORUSHULFXORDVHDVRFLDWHvQJHQHUDOFX((('HEDUDVDUHD
FRUHFWăDDFHVWXLSURGXVYDFRQWULEXLODXWLOL]DUHDH¿FLHQWăDUHVXUVHORUQDWXUDOH3HQWUXPDL
PXOWHLQIRUPDĠLLUHIHULWRDUHODUHFLFODUHDSURGXVXOXLDGUHVDĠLYăELURXOXLORFDODXWRULWă‫ڏ‬LORU
UHVSRQVDELOHFXUHFLFODUHDVDXYL]LWD‫ڏ‬LZZZFDQRQHXURSHFRPZHHHRUZZZFDQRQHXURSH
FRPEDWWHU\

$9(57,60(17
5,6&'((;3/2=,('$&Ă%$7(5,$(67(Ì1/2&8,7Ă&82%$7(5,('(7,3
1(&25(6381=Ă725
'(%$5$6$ğ,%$7(5,,/()2/26,7(&21)2505(*8/$0(17(/25/2&$/(


0(02


0(02


0(02


0(02

222
0(02

223
0(02

224
0(02

225
0(02

226
0ăUFLFRPHUFLDOH‫܈‬LOLFHQ‫܊‬H
Ɣ 0LFURVRIWúL:LQGRZVVXQWPăUFLFRPHUFLDOHVDXPăUFLFRPHUFLDOH
vQUHJLVWUDWHDOH0LFURVRIW&RUSRUDWLRQvQ6WDWHOH8QLWHúLVDXvQDOWHĠăUL
Ɣ 0DFLQWRVKúL0DF26UHSUH]LQWăPăUFLFRPHUFLDOHDOH$SSOH,QF
vQUHJLVWUDWăvQ68$‫ڍ‬LDOWH‫ڏ‬ăUL
Ɣ 6LJOD6';&HVWHRPDUFăFRPHUFLDOăD6'&//&
Ɣ 7RDWHFHOHODOWHPăUFLFRPHUFLDOHDSDUĠLQSURSULHWDULORUUHVSHFWLYL
Ɣ 'LVSR]LWLYXODUHvQFRUSRUDWDRWHKQRORJLHH[)$7OLFHQĠLDWăGH0LFURVRIW
Ɣ $FHVWSURGXVHVWHOLFHQĠLDWvQED]DSDWHQWHORU$7 7SHQWUXVWDQGDUGXO
03(*úLSRDWH¿IRORVLWSHQWUXFRGL¿FDUHDúLVDXGHFRGL¿FDUHD
YLGHRFOLSXULORUFRPSDWLELOHFXIRUPDWXO03(*úLVDXGHFRGL¿FDUHD
YLGHRFOLSXULORUFRPSDWLELOHFXIRUPDWXO03(*FDUHDXIRVWFRGL¿FDWH
GRDU  SHQWUXRSHUVRDQăúLvQVFRSXULQHFRPHUFLDOHVDX  GHXQ
IXUQL]RUGHPDWHULDOHYLGHROLFHQĠLDWvQED]DSDWHQWHORU$7 7SHQWUX
DVLJXUDUHDPDWHULDOHORUYLGHRFRPSDWLELOHFXIRUPDWXO03(*1X
VHJDUDQWHD]ăúLQXVHDVLJXUăQLFLROLFHQĠăSHQWUXDOWHXWLOL]ăULSHQWUX
VWDQGDUGH03(*

1RWă
Ɣ 5HSURGXFHUHDQHDXWRUL]DWăDDFHVWXLJKLGHVWHLQWHU]LVă
Ɣ 7RDWHPăVXUăWRULOHVHED]HD]ăSHVWDQGDUGHOHGHWHVWDUH&DQRQ
Ɣ 6SHFL¿FDĠLLOHSURGXVXOXLúLDVSHFWXOH[WHULRUSRW¿PRGL¿FDWHIăUă
QRWL¿FDUHSUHDODELOă
Ɣ ,OXVWUDĠLLOHúLLPDJLQLOHFXHFUDQXOGLQDFHVWJKLGSRW¿XúRUGLIHULWHIDĠă
GHDSDUDWXOSHFDUHvOGHĠLQHĠL
Ɣ )ăUăDOXDvQFRQVLGHUDUHHOHPHQWHOHGHPDLVXV&DQRQQXvúLDVXPă
QLFLRUăVSXQGHUHSHQWUXGHWHULRUăULOHGDWRUDWHRSHUăULLJUHúLWHDDFHVWRU
SURGXVH

227
© CANON INC. 2015

You might also like