You are on page 1of 4

6,0$7,&,3&ZLWK6,723

SRZHUVXSSO\DQG'&836
2SWLPDOIRUWKH3&EDVHGDXWRPDWLRQ

$VGLJLWDOL]DWLRQJURZVWKHGHPDQGV ULJKWSRZHUVXSSO\IRUDOO6,0$7,&,3&V FDWHZLWKWKH3&YLD86%RU,QGXVWULDO


RQFRPSXWLQJSRZHUIXQFWLRQDOLW\ ZLWK9'&LQSXWHYHQZKHQ1(& (WKHUQHW352),1(7DQGFDQEHHDVLO\
DQGDYDLODELOLW\RILQGXVWULDO3&VDUH &ODVVVXSSO\LVUHTXLUHG)RUEXIIHU FRQILJXUHGDQGGLDJQRVHGXVLQJWKH
LQFUHDVLQJ6,0$7,&,3&RIIHUVDZLGH LQJLQWKHHYHQWRIDSRZHUIDLOXUHDQG 6,7230DQDJHULQ:LQGRZV
UDQJHRILQQRYDWLYHSURGXFWVHULHVWKDW IRUVDIHVKXWGRZQRIWKH3&WKH6,723 7KLVEURFKXUHRIIHUVUHFRPPHQGDWLRQV
ZLOOPHHW\RXUQHHGVIRU\HDUVWRFRPH SRZHUVXSSO\XQLWVFDQEHXSJUDGHGWR IRUWKHPDWFKLQJSRZHUVXSSO\DQG
$UHOLDEOHSRZHUVXSSO\LVDSUHUHTXLVLWH DQXQLQWHUUXSWLEOH'&SRZHUVXSSO\ '& '&836IRUWKH6,0$7,&,3&SURGXFW
IRUVWDEOHRSHUDWLRQ6,723RIIHUVWKH 836 7KH836PRGXOHVFDQFRPPXQL VHULHVZLWKRXWDGGLWLRQDOORDGV

6,0$7,&,3&VZLWK'&LQSXW
6,0$7,&+LJKHQG,3& (PEHGGHGLQGXVWULDO3&VIDQOHVV 6,0$7,&%DVLF,3& )ODW3DQHO

,)3%DVLF

%R[ ,3&( (
3&
,3&( ,3&( ,3&( ,3&(

3DQHO ,3&( ,3&( ,3&( ,3&(


+LJKSHUIRUPDQFH 8OWUDFRPSDFW &RPSDFW 3RZHUIXO $YDLODEOHH[VWRFN 5REXVWPRQLWRUV

7KHULJKWSRZHUVXSSO\IRUHYHU\DSSOLFDWLRQ
$GYDQFHG 6WDQGDUG %DVLF '&'&FRQYHUWHU
6,723 6,723 6,723 6,723VPDUW 6,723OLWH /2*23RZHU 6,723 6,723
368 368 368 368 3680

1(&&ODVV 1(&&ODVV 1(&&ODVV 1(&&ODVV

«LQGLYLGXDOO\H[WHQGDEOHZLWKDGGRQPRGXOHVWRDOOURXQGSURWHFWLRQ
5HGXQGDQF\PRGXOHV 6HOHFWLYLW\PRGXOHV %XIIHUPRGXOH '&836ZLWK
FDSDFLWRUV EDWWHULHV

1(&&ODVV 1(&&ODVV
3RZHUIDLOXUHRQWKHLQSXWVLGH
IDLOXUH RQ WKH LQSX
)DLOXUHRIDSRZHUVXSSO\ 2YHUORDGLQ9ORDGFLUFXLW
6HFRQGV 0LQXWHV +RXUV
9'&3RZHUVXSSO\
0LQ 0D[ 5DWHG 5HFRPPHQGHGSRZHUVXSSO\ 5HFRPPHQGHGSRZHUVXSSO\
6,0$7,&,3& ,QSXW ,QUXVK FXUUHQW ZR'&836 ZLWK'&836
9'& YROWDJH FXUUHQW
>9@ >$@ >$@ 3RZHUVXSSO\9'& $UWLFOHQR 3RZHUVXSSO\9'& $UWLFOHQR

,3&(     /2*23RZHU$ (36%$<


,3&(    6,723368$ (3/%$; 6,723368$ (36%$;
,3&(     /2*23RZHU$ (36%$<
,3&(     
,3&(    6,723368$ (36%$;
6,723368$ (3/%$;
,3&(    
,3&(     6,723368$ (36%$;
,3&(     6,723368$ (36%$; 6,723368$ (36%$;
,3&(   
,3&( VORW    6,723368$ (36%$; 6,723368$ (36%$;
,3&(   
,27     /2*23RZHU$ (36%$< /2*23RZHU$ (36%$<
,)3EDVLF     /2*23RZHU$ (36%$< 6,723368$ (36%$;

9'&VXSSO\DFFRUGLQJWR1(&&ODVV
PD[: $GGRQPRGXOHZLWK1(&&ODVVQHFHVVDU\
9'&SRZHUVXSSO\ VHHFRQILJXUDWLRQH[DPSOHVRQWKHQH[WSDJH
1(&&ODVVQRWQHFHVVDU\

)RUEULHIYROWDJHGURSV
)RUEULGJLQJORQJHUSRZHUIDLOXUHV
'&836 EULGJLQJPLQVHFRQGV 
6,723836 '&836PRGXOH 6,723836 EDWWHU\PRGXOH
6,7238366
6,7238366 6,723836 6,723836OHDG 6,723836OLWKLXP
$SSU\HDUVVHUYLFHOLIHñֳ LQFRPELQDWLRQZLWK EDWWHU\ EDWWHU\ /L)H32 
DWƒ&DPELHQW EDWWHU\PRGXOH836 $SSU\HDUVVHUYLFH $SSU\HDUVVHUYLFH
WHPSHUDWXUH OHDGRUOLWKLXP OLIHñֳDWƒ&DPELHQW OLIHñֳDWƒ&DPELHQW
WHPSHUDWXUH WHPSHUDWXUH
5HFRPPHQGHG836 5HFRPPHQGHG836PRGXOHV 5HFRPPHQGHGOHDG 5HFRPPHQGHG/L)H32
5DWHG 0DLQWHQDQFHIUHH'&836 EDWWHU\%ULGJLQJWLPH EDWWHU\ /LWKLXP)HUULWH
6,0$7,&,3& FXUUHQW LQFDSDFLWRUWHFKQRORJ\ ²$<6LJQDOLQJFRQWDFWV
²$<86%LQWHUIDFH PLQPLQ 3KRVSKDWH %ULGJLQJ
>$@ ZLWK86%LQWHUIDFH WLPHPLQPLQ
²$<(WKHUQHW352),1(7
,3&(  (3(& (3$%B$< (3*%$< (3-%$<

,3&(  N:V $ $K $K

,3&(   


,3&(   (3*%$<

,3&(  $K


 
,3&(  

,3&(  2
 5
,3&( 

,3&(  (3(& (3$%B$<
B

,3&( VORW  N: $

,3&(   

,27  (3(& (3$%B$< (3*%$<

,)3%DVLF  N:V $ (3*%$<

ñֳ'URSWRRIWKHRULJLQDOFDSDFLW\GHSHQGLQJRQEDWWHU\WHPSHUDWXUH
6SHFLILFDWLRQVDWUDWHGLQSXWYROWDJHDQGDPELHQWWHPSHUDWXUHƒ& XQOHVVRWKHUZLVHVSHFLILHG
8QLQWHUUXSWLEOH9'&VXSSO\LQ1(&&ODVVIRU6,0$7,&,3&
,I6,0$7,&,3&VZLWKWKHUHTXLUHG HQVXUHWKDWWKHSRZHUOLPLWDWLRQWR DUHVXSSOLHGZKLOHDOVREHLQJSURWHFWHG
1(&&ODVVVXSSO\ PD[9$ DUH 9$LVPDLQWDLQHGLQERWKPDLQV DJDLQVWRYHUORDG
VXSSOLHGYLDD'&836LWLVQRWHQRXJK DQGEXIIHURSHUDWLRQ7KLVDOORZVIRU
WRXVHDSRZHUVXSSO\ZLWK1(& WKHXVHRIDPRUHSRZHUIXOSRZHU :LWKWKH&1;[$PRGXOH
&ODVV7KLVLVEHFDXVHLQEXIIHUPRGH VXSSO\XQLW2QO\WKH,3&DFFRUGLQJWR WKH6,723368SRZHUVXSSO\
WKH,3&LVVXSSOLHGYLDWKHHQHUJ\VWRU 1(&&ODVVLVVXSSOLHGE\WKHUHGXQ V\VWHPDOVRRIIHUVVHOHFWLYHSURWHFWLRQ
DJHGHYLFH EDWWHU\RUFDSDFLWRUV  GDQF\PRGXOH36(8$7KH IRU1(&&ODVVRXWSXWVZKLFKDUH
ZKLFKGRHVQRWOLPLWWKHSRZHURXWSXW 36(8[$VHOHFWLYLW\PRGXOHLV SURWHFWHGDJDLQVWSRZHUIDLOXUHE\
6,723DGGRQPRGXOHVLQ1(&&ODVV \RXUEHVWFKRLFHZKHQVHYHUDOORDGV WKHV\VWHP
VRZQ836PRGXOHV

6,0$7,&,3&VXSSO\ZLWKDSRZHUIXOSRZHUVXSSO\XQLWDQGFDSDFLWRUEDVHG'&8366,7238366DQG
UHGXQGDQF\PRGXOH6,72336(8$1(&&ODVV

6,723 6,72336(8
8366 1(&&ODVV

3RZHU
VXSSO\ 6,0$7,&,3&
6,723

9'& 9'&1(&&ODVV

6,0$7,&,3&VXSSO\ZLWKDSRZHUIXOSRZHUVXSSO\XQLWDQG'&836PRGXOH6,723836ZLWKEDWWHU\PRGXOH836
DQGVHOHFWLYLW\PRGXOH6,72336(8[$1(&&ODVV

6,72336(8
1(&&ODVV
6,723 6,723 9'&1(&&ODVV
836 836 SHURXWSXW [

3RZHU
VXSSO\
6,723

6,0$7,&,3&

9'&

6,0$7,&,3&VXSSO\YLDSRZHUVXSSO\V\VWHP6,723368ZLWKH[SDQVLRQPRGXOH&1;1(&&ODVVDQGEXIIHULQJ
RIRXWSXWVYLD'&836PRGXOH6,723836ZLWKEDWWHU\PRGXOH6,723%$7

6,723
6,723 &1; 6,723 6,723
368 1(&&ODVV 836 %$7

6,0$7,&,3&

«9'&1(&&ODVV
SHURXWSXW [
«9'&
)LQGRXWPRUH 6XEMHFWWRFKDQJHVDQGHUURUV7KHLQIRUPDWLRQSURYLGHGLQWKLV
EURFKXUHFRQWDLQVGHVFULSWLRQVRUSHUIRUPDQFHFKDUDFWHULVWLFVZKLFK
LQFDVHRIDFWXDOXVHGRQRWDOZD\VDSSO\DVGHVFULEHGRUZKLFKPD\
VLHPHQVFRPLSF FKDQJHDVDUHVXOWRIIXUWKHUGHYHORSPHQWRIWKHSURGXFWV7KHGHVLUHG
VLHPHQVFRPVLWRS SHUIRUPDQFHFKDUDFWHULVWLFVDUHRQO\ELQGLQJLIH[SUHVVO\DJUHHGLQWKH
FRQWUDFW$YDLODELOLW\DQGWHFKQLFDOVSHFLILFDWLRQVDUHVXEMHFWWRFKDQJH
7,$6HOHFWLRQ7RRO ZLWKRXWQRWLFH

VLHPHQVFRPWVW $OOSURGXFWGHVLJQDWLRQVPD\EHWUDGHPDUNVRUSURGXFWQDPHVRI
6LHPHQV$*RUVXSSOLHUFRPSDQLHVWKHXVHRIZKLFKE\WKLUGSDUWLHV
IRUWKHLURZQSXUSRVHVPD\YLRODWHWKHULJKWVRIWKHRZQHUV
,QGXVWULDO6HFXULW\
6LHPHQVSURYLGHVDXWRPDWLRQDQGGULYHSURGXFWVZLWKLQGXVWULDO
VHFXULW\IXQFWLRQVWKDWVXSSRUWWKHVHFXUHRSHUDWLRQRISODQWVRU
PDFKLQHV7KH\DUHDQLPSRUWDQWFRPSRQHQWLQDKROLVWLFLQGXVWULDO
VHFXULW\FRQFHSW:LWKWKLVLQPLQGRXUSURGXFWVXQGHUJRFRQWLQXRXV
GHYHORSPHQW:HWKHUHIRUHUHFRPPHQGWKDW\RXNHHS\RXUVHOILQ
IRUPHGZLWKUHVSHFWWRRXUSURGXFWXSGDWHVDQGWKDW\RXXVHRQO\WKH
ODWHVWYHUVLRQV3OHDVHILQGIXUWKHULQIRUPDWLRQRQWKLVVXEMHFWDW
DXWRPDWLRQVLHPHQVFRPVXSSRUW
<RXPD\DOVRUHJLVWHUIRUDSURGXFWVSHFLILFQHZVOHWWHUDWWKLVDGGUHVV
7RHQVXUHWKHVHFXUHRSHUDWLRQRIDSODQWRUPDFKLQHLWLVDOVRQHFHVVDU\
WRWDNHVXLWDEOHSUHYHQWLYHDFWLRQ HJFHOOSURWHFWLRQFRQFHSW DQGWR
LQWHJUDWHWKHDXWRPDWLRQDQGGULYHFRPSRQHQWVLQWRDVWDWHRIWKHDUW
KROLVWLFLQGXVWULDOVHFXULW\FRQFHSWIRUWKHHQWLUHSODQWRUPDFKLQH
$Q\WKLUGSDUW\SURGXFWVWKDWPD\EHLQXVHPXVWDOVREHWDNHQLQWR
DFFRXQW3OHDVHILQGIXUWKHULQIRUPDWLRQDW
VLHPHQVFRPLQGXVWULDOVHFXULW\

3XEOLVKHGE\
6LHPHQV$*
'LJLWDO,QGXVWULHV
3URFHVV$XWRPDWLRQ
gVWOLFKH5KHLQEUFNHQVWU
.DUOVUXKH*HUPDQ\
)RUWKH86SXEOLVKHGE\
6LHPHQV,QGXVWU\,QF
7HFKQRORJ\'ULYH
$OSKDUHWWD*$
8QLWHG6WDWHV
$UWLFOH1R',3$%
'LVSR
:6
3ULQWHGLQ*HUPDQ\
‹6LHPHQV

You might also like