Zdgs git`rintgmina stnijnrj wns j`v`amp`j gi nccmrjnic` wgtd git`rintgminaay r`cmkigz`j prgicgpa`s mi stnijnrjgzntgmi `stnhagsd`j gi td` J`cgsgmi mi _rgicgpa`s emr td`
J`v`ampf`it me Git`rintgmina Stnijnrjs, Kugj`s nij X`cmff`ijntgmis gssu`j hy td` [mraj Zrnj` Mrknigzntgmi Z`cdigcna Hnrrg`rs tm Zrnj` (ZHZ) Cmffgtt``.

 
º>
J`sgkintgmi< E>>:?/E>
E>>:?/E>>:?F
>:?F ∘  >3 (X`npprmv`j 8?8?)

Stnijnrj Z`st F`tdmjs emr

Git`rina _r`ssurgzntgmi Engaur` X`sgstnic` me Pir`strngi`j
_ncbnk`s>
Zdgs stnijnrj gs gssu`j uij`r td` ﬎x`j j`sgkintgmi E>>:?/E>>:?F2 td` iufh`r gff`jgnt`ay emaamwgik td` j`sgkintgmi gijgcnt`s td` y`nr
me mrgkgina njmptgmi mr, gi td` cns` me r`vgsgmi, td` y`nr me anst r`vgs
r`vgsgmi.
gmi. N iufh`r gi pnr`itd`s`s
pnr`itd`s`s gijgcnt`s td` y`nr me anst r`npprmvna.
r`npprmvna.
N sup`rscrgpt `psgami (º) gijgcnt`s ni `jgtmrgna cdnik` sgic` td` anst r`vgsgmi mr r`npprmvna.
>
ΰ IMZ@‚Z
IMZ@‚Znha` 8 wns cmrr`c
cmrr`ct`j
t`j `jgtmr
`jgtmrgnaay
gnaay gi Luay 8?8?.

>. Scm
Scmp`
p` E44  Z`s
E44  `stt F`
F`td
tdmj
mj em
emrr S`
S`na
na St
Str`
r`ik
iktd
td me Ea
Ea`x
`xgh
gha`
a` Hn
Hnrr
rrg`
g`rr
>.> Zd`s` t`st f`tdmjs `xpangi
`xpangi td` prmc`
prmc`jur`
jur` emr j`t`rfgi-
j`t`rfgi- Fnt`rgnas
gik td` nhgagty me pncbnk`s tm wgtdstnij git`rina pr`ssurgzntgmi.
3. Z`rfgimamky
>.8 Zd` hurst t`st gicr`nsgikay
gicr`nsgikay pr`ssurgz`s
pr`ssurgz`s td` pncbnk` uitga
td` pncbnk` engas. 3.>   J`﬎igtgmis‚ Emr
Emr j`﬎igtgmis nij t`rfs us`j gi tdgs t`st
f`tdmj, r`e`r tm Z`rfgimamky   E>;
E>; emr
 emr stnijnrjgz`j t`rfgima-
>.3 Zd
>.3 Zd`` cr
cr``p
``p t`s
t`stt fng
fngit
itngi
ngiss n sp
sp`c
`cg﬎`
g﬎`j
j pr
pr`s
`ssu
sur`
r` em
emrr n mky emr ﬈`xgha` hnrrg`r pncbnkgik.
sp`cg﬎`j tgf` mr uitga td` pncbnk` engas.
3.8  J`﬎igtgmis me Z`rfs Sp`cg﬎c tm Zdgs Stnijnrj<
>.: Zd` vnau`s stnt`j gi `gtd`r SG uigts mr gicd-pmuij
gicd-pmuij uigts
3.8.>   pncbnk` engaur`‚ r`e`rs
r`e`rs tm ruptur` me s`na mr fnt`rgna.
nr` tm h` r`knrj`j s`pnrnt`ay ns stnijnrj. Zd` vnau`s stnt`j gi
`ncd syst`f nr` imt i`c`ssnrgay `xnct `qugvna`its2 td`r`emr`, tm 3.8.8   r`strngit‚ n f`cdnigsf tdnt pr`v`its pncbnk` fmv`-
`isur` cmiemrfnic` wgtd td` stnijnrj, `ncd syst`f sdnaa h` f`it jurgik gi﬈ntgmi.
us`j
us`j gij
gij`p`
`p`ij`
ij`ita
itay
y me td` mtd
mtd`r
`r,, nij vnau`s
vnau`s erm
ermf
f td` twm
syst`fs sdnaa imt h` cmfhgi`j. :. Suff
Suffnry
nry me Z`st
Z`st F`tdmj
>.0   Zdgs stnijnr
stnijnrj j jm`
jm`ss imt purpmrt
purpmrt tm njj
njjr`
r`ss
ss naa me td` :.>  Z`st F`tdmj N (Hurst Z`st)‚ _ncbnk`s
_ncbnk`s nr` t`st`j gi ni
sne`t
sne`tyy cm
cmic
ic`r
`ris
is,, ge ni
niyy, ns
nssm
smcgn
cgnt`
t`j
j wg
wgtd
td gts us
us`.
`. Gt gs tdtd`` nppnrn
nppnrntus
tus tdn
tdntt git
git`ri
`rinaay
naay pr`
pr`ssu
ssurgz
rgz`s
`s td` pnc
pncbnk
bnk`` uit
uitga
ga td`
r`spmisghgagty me td` us`r me tdgs stnijnrj tm `stnhagsd npprm- pncbnk` engas. Zd` pi`ufntgc suppay nij pr`ssurgzntgmi `qugp-
 prgnt` sne`ty, d`natd, nij `ivgrmif`itna prnctgc`s nij j`t`r- f`itt i``
f`i i``j
j td` cnp
cnpnhg
nhgagty
agty tm fng
fngitng
itngi
i ni gic
gicr`n
r`nsgi
sgik
k pr`
pr`ssu
ssur`
r`
fgi` td` nppagcnhgagty me r`kuantmry agfgtntgmis prgmr tm us`. uitga td` pncbnk` hursts. Zd` t`st f`nsur` gs td` fnxgfuf
>.5   Zdgs git
git`ri
`rintg
ntgmin
minaa stn
stnijn
ijnrj
rj wns j`v
j`v`am
`amp`j
p`j gi ncc
nccmr
mr-- pr`ssur` j`t`ct`j h`emr` td` pncbnk` engas.
jnic` wgtd git`rintgminaay r`cmkigz`j prgicgpa`s mi stnijnrj- :.8   Z`st
Z`st F`tdmj H>   (Cr``p Z`st)‚ _ncbnk`
F`tdmj _ncbnk`ss nr` t`s
t`st`j
t`j gi
gzntgm
gzntgmii `s
`stn
tnha
hags
gsd`
d`jj gi tdtd`` J`
J`cgs
cgsgm
gmi
i mi _r_rgi
gicgp
cgpa`
a`ss em
emrr td
td`` nppnrntus
nppnrntus tdnt git`ri
git`rinaay
naay pr`ssurgz`s
pr`ssurgz`s td` pncbnk
pncbnk`` tm n sp`cg﬎
sp`cg﬎`j
`j
 J`v`ampf`it me Git`rintgmina Stnijnrjs, Kugj`s nij X`cmf- pr`ssu
pr`ssur`
r` nij fng
fngitng
itngis
is tdn
tdntt git
git`ri
`rina
na pnc
pncbnk
bnk`` pr`
pr`ssu
ssur`
r` emr n
f`ijntgmis gssu`j hy td` [mraj Zrnj` Mrknigzntgmi Z`cdigcna sp`cg﬎c tgf`. Zd` t`st f`nsur` gs pnss/enga.
 Hnrrg`rs tm Zrnj` (ZHZ) Cmffgtt``.
:.3  Z`st F`tdmj H8 (Cr``p tm Engaur`)‚ _ncbnk`s
_ncbnk`s nr` cr``p-
8. X`e`r`ic
X`e`r`ic`j
`j Jmcuf`its
Jmcuf`its t`st`j nij d`aj uitga td` pncbnk` engas. Z`st s`tup gs sgfganr tm
8.>   NSZF Stnijnrjs<8 tdnt me td` Cr``p Z`st `xc`pt td` pr`ssur` s`ttgik wgaa i``j tm
@>;> _rnctgc`
@>;>  _rnctgc` emr Cmijgtgmigik nij Z`stgik Ea`xgha` Hnrrg`r h` dgkd`r tm `isur` td` pncbnk
pncbnk`` engas gi n r`nsmi
r`nsminha`
nha` nfmuit me 
_ncbnkgik tgf` (tdnt gs, nhmut >0 s). Zd` t`st f`nsur` gs td` tgf` uitga
E>; Z`rfgimamky
E>;  Z`rfgimamky X`antgik tm _rgfnry Hnrrg`r _ncbnkgik engaur`.

0. Sgkig
Sgkig﬎cnic
﬎cnic`` nij Ps`
>
Zd`s` t`st f`tdmjs nr` uij`r td` lurgsjgctgmi me NSZF Cmffgtt``   E?8   mi
_rgfnry Hnrrg`r _ncbnkgik nij nr` td` jgr`ct r`spmisghgagty me Suhcmffgtt``  E?8.8? 0.> Zd`s` t`st f`tdmjs prmvgj`
prmvgj` n rnpgj f`nis me `vnauntgik
mi _dysgcna _rmp`rtg`s. t`ij`icg`s emr pncbnk` engaur` wd`i td` pncbnk` gs `xpms`j tm
Curr`it `jgtgmi npprmv`j Fny >, 8?8?. _uhagsd`j Luay 8?8?. Mrgkginaay npprmv`j n pr`ssur` jgee`r`itgna. _r`ssur` jgee`r`itgnas fny mccur jurgik
gi >744. Anst pr`vgmus `jgtgmi npprmv`j
npprmv`j gi 8?>3 ns E>>:?/E>>:?
E>>:?/E>>:?F F – >3. JMG<
>?.>08?/E>>:?]E>>:?F->3X8?@?>. prmc`ss`s sucd ns st`rgagzntgmi nij trnispmrtntgmi.
8
Emr r`e`r`ic`j NSZF stnijnrjs, vgsgt td` NSZF w`hsgt`, www.nstf.mrk, mr
0.8 Zd`s`
0.8 Zd`s` t`
t`st
st f`
f`td
tdmj
mjss nr
nr`` er
er`q
`qu`
u`it
itay
ay us
us`j
`j tm ququgc
gcba
bay
y
cmitnct NSZF Custmf`r S`rvgc` nt s`rvgc`Onstf.mrk. Emr  Niiuna Hmmb me NSZF 
Stnijnrjs vmauf` giemrfntgmi, r`e`r tm td` stnijnrj‗s Jmcuf`it Suffnry pnk` mi `vnaun
`vnaunt`
t` pnc
pncbnk
bnk`s
`s jur
jurgik
gik td` fni
fniuen
uenctu
cturgi
rgik
k prm
prmc`ss
c`ss nij nt
td` NSZF w`hsgt`. vnrgmus stnk`s me td` pncbnk`‗s age` cyca`.

Cmpyrgkdt © NSZF Git`rintgmina, >?? Hnrr Dnrhmr Jrgv`, _M Hmx C;??, [`st Cmisdmdmcb`i, _N >7:84-8707. Pigt`j Stnt`s
Cmpyrgkdt hy NSZF Git'a (naa rgkdts r`s`rv`j)2 Sui Mct >4 >?<>3<?0 @JZ 8?8?
>
Jmwiamnj`j/prgit`j hy
Pigv`rsgty me Zmrmitm (Pigv`rsgty me Zmrmitm) pursunit tm Agc`is` Nkr``f`it. Im eurtd`r r`prmjuctgmis nutdmrgz`j.
 

  E>>:?/E>>:?F ∘ >3 (8?8?) º>

0.3 Ge cmrr`antgmis
cmrr`antgmis h`tw``i
h`tw``i pg`c`s me t`st `qugpf`it nr` tm 0.: Zd`s` t`st f`tdmjs jm imt i`c`ssnrgay
i`c`ssnrgay prmvgj` cmrr`an-
cmrr`an-
h` fnj`, gt gs gfpmrtnit tdnt naa pnrnf`t`rs me td` t`st f`tdmj tgmi wgtd nctuna pncbnk` s`na str`iktd ns typgcnaay f`nsur`j
h` `xnctay td` snf`. Zypgcna pnrnf`t`rs fny gicauj`, hut nr` usgik Z`st F`tdmj 
F`tdmj   E44
E44   (mr `qugvna`it).
imt agfgt`j tm, pncbnk` sgz`, fnt`rgna, s`na cmi﬎kurntgmi, t`st
`qug
`qugpf
pf`i
`it,
t, rn
rnt`
t` me ngr ﬈m
﬈mw
w gigitm
tm td
td`` pn
pncb
cbnk
nk`,
`, s`i
s`isgt
sgtgv
gvgty
gty 5. Nppnr
Nppnrntus
ntus
(fncdgi` r`spmis` tm pr`ssur` jrmp), nij pmsgtgmi me t`st nrtgca` 5.> _nc
_ncbnk
bnk`s
`s nr` t`st
t`st`j
`j uij
uij`r `r uir
uir`st
`strngi
rngi`j
`j cmi
cmijgt
jgtgmi
gmiss ns
(s`` Egk.
(s``  Egk. >).
>). emaamws<
5.>.>   Mp`i _ncbnk` Z`st`r
`st`r,,   us`j tm t`st ﬈`xgha` pncbnk`s
wgtd mi` mp`i`j sgj`.

5.>.8 s`na`j
pa`t`ay   Cams`jpncbnk` Z`st`r,  git`rinaay
_ncbnk`tdrmukd n puictur`.pr`ssurgz`s td` cmf-

5.8 Zd` t`st npp nppnrn

nrntus
tus emr hmthmtd
d mp`
mp`i
i nij cams`j
cams`j pnc
pncbnk
bnk``
t`stgik sdnaa gicauj` td` emaamwgik<
5.8.>  F`nis me F`nsurgik td` _r`ssur` Gisgj` td` _ncbnk`,
5.8.8   Zgf`r,   nij
5.8.3   _r`ssur` X`kuantmr
X`kuantmr,,   git`ij
git`ij`j
`j tm fngi
fngitngi
tngi st`n
st`njy
jy mr
gicr`nsgik pr`ssur` gi td` pncbnk`.
IMZ@ >‚Ge td` pr`ssur` r`kuantmr cniimt prmvgj` td` i`c`ssnry vmauf`,
td` pmrmsgty me td` snfpa` fny i``j tm h` agfgt`j. (S``   Npp`ijgx T>.
T>.)

;. Snfpa
Snfpagik
gik
;.> Cd
;.> Cdmmmms`
s` td
td`` iu
iufh
fh`r`r me t`s
t`stt sp
sp`c
`cgf`
gf`is
is tm p`
p`rf
rfgt
gt ni
nj`qunt` j`t`rfgintgmi me r`pr`s`itntgv` p`remrfnic`. Z`stgik
me sp`
sp`cgf`
cgf`isis wgtd vgs
vgsuna
una j`e
j`e`cts
`cts mr mtd
mtd`r
`r j`v
j`vgntg
gntgmis
mis erm
ermf
f
imrfnagty fny mr fny imt h` npprmprgnt`, j`p`ijgik mi td`
purpms` me giv`stgkntgmi. Gijgscrgfgint` `agfgintgmi me j`e`cts
cni hgns r`suats.

4. Cmijg
Cmijgtgmi
tgmigik
gik
4.>  Stnijnrj Z`st Cmijgtgmis‚ Cmijgtgmi
Cmijgtgmi pncbnk`s nij cmi-
juct t`stgik gi nccmrjnic` wgtd _rnctgc` @>;>
_rnctgc`  @>;>..
4.8 Ge td` t`st f`tdmjs nr` cmijuct`j
cmijuct`j gi mtd`r tdni stnijnrj
stnijnrj
t`st cmijgtgmis, r`cmrj td` t`fp`rntur` nij r`antgv` dufgjgty nt
td` tgf` me td` t`st f`tdmj.

7. _rm
_rmc`ju
c`jur`
r`
7.>   Z`st F`tdmj N (Hurst Z`st)‚ _anc`
_anc` td` pncbnk` gi td`
nppnrntus
nppnrn tus nij gic
gicr`n
r`ns`
s` td` git
git`ri
`rina
na pr`
pr`ssu
ssur`
r` uit
uitga
ga n eng
engaur
aur``
mccurs.
7.>.>   Mp`i _ncbnk` Z`st<
7.>.>.>   _ncbnk` _r`pnrntgmi‚ Zd`Zd` pncbnk` fny h` t`st`j
wgtd mr wgtdmut td` prmjuct `icams`j. X`cmrj td` pncbnk` t`st
pr`pnrntgmi.
7.>.>.8
7.>.>.8 _anc` td` pncbnk` gi td` t`st nppnrntus, nij s`t td`
sp`cg﬎`j pnrnf`t`rs. Zd` mp`i pncbnk` t`st`r fust h` njlust`j
sucd tdnt td` t`st`r jm`s imt r`strngi td` pncbnk` ermf emrfgik
gts imrfna uir`strgct`j d`gkdt nt td` tgf` me td` hurst.
IMZ@   8‚Zd` pncbnk` gs typgcnaay pmsgtgmi`j gi mi` me td` pmsgtgmis
sdmwi gi Egk.
gi Egk. >.
>.  Jgee`r`it pmsgtgmis fny r`suat gi jgee`r`it t`st vnau`s nij,
td`r`emr`, td` ﬎ina r`pmrt sdmuaj sp`cgey wdgcd pmsgtgmi wns cdms`i.
7.>.>.
7.>.>.3
3 H`kgi
H`kgi tdtd`` t`s
t`stt f`
f`td
tdmj
mj hy stn
stnrt
rtgi
gik
k td
td`` gi
gi﬈n
﬈ntgm
tgmi
i
prmc`ss. Zd` rnt` me pr`ssurgzntgmi fny nee`ct td` t`st r`suats
nij fust imt `xc``j td` r`spmis` rnt` me td` pr`ssur` gijgcntmr.
Cmitgiu` pr`ssurgzntgmi uitga n engaur` mccurs.
7.>.>.:
7.>.>.: Ugsunaay `xnfgi`
`xnfgi` td` pncbnk`, nij imt` td` pmsgtgm
pmsgtgmi
i
nij typ` me engaur` (fnt`rgna mr s`na) nij td` pr`ssur` nt wdgcd
EGK. > Mp`i _ncbnk` Z`st
Z`st _msgtgmis
_msgtgmis gt mccurr
mccurr`j.
`j.

Cmpyrgkdt hy NSZF Git'a (naa rgkdts r`s`rv`j)2 Sui Mct >4 >?<>3<?0 @JZ 8?8?
8
Jmwiamnj`j/prgit`j hy
Pigv`rsgty me Zmrmitm (Pigv`rsgty me Zmrmitm) pursunit tm Agc`is` Nkr``f`it. Im eurtd`r r`prmjuctgmis nutdmrgz`j.
 

  E>>:?/E>>:?F ∘ >3 (8?8?) º>

7.>.8   Cams`j _ncbnk` Z`st< pncbnk`. N cmffmi stnrtgik pmgit gs 7? % me td` hurst vnau`.
7.>.8.>   _ncbnk` _r`pnrntgmi‚ Zd` Zd` pncbnk` fny h` t`st`j Imt` dmw`v`r tdnt td` sp`cg﬎`j cr``p pr`ssur` fny h` j`p`i-
wgtd mr wgtdmut td` prmjuct `icams`j. X`cmrj td` pncbnk` t`st j`it mi td` fnt`rgnas mr s`nagik f`cdnigsf nij fny h` rngs`j
pr`pnrntgmi. mr amw`r`j tm naamw t`stgik tm mccur gi ni npprmprgnt` tgf`
7.>.8.
7.> .8.8
8 _ms
_msgtgm
gtgmi
i td` cmf
cmfpa`
pa`t`ay
t`ay s`na`j pncbnk`
pncbnk` gi td` t`st rnik`. Zd` tgf` tm engaur` gs td` t`st stntgstgc.
nppnrntus nij cnr`euaay gis`rt td` pr`ssurgzntgmi `itry j`vgc` 7.8.>   Mp`i _ncbnk` Z`st<
(s`` Egk.
(s``  Egk. 8)
8). Zd` c`it`r me td` pncbnk` gs td` pr`e`rr`j pmgit me  7.8.>.>   _ncbnk` _r`pnrntgmi‚ Zd` Zd` pncbnk` fny h` t`st`j
`itry
`itry. Amc
Amcntgm
ntgmi
i vnr
vnrgntg
gntgmis
mis me td` `it
`itry
ry pmg
pmgit
it fny ne
nee`c
e`ctt td` wgtd mr wgtdmut td` prmjuct `icams`j. X`cmrj td` pncbnk` t`st
r`suats me td` t`st. X`cmrj td` amcntgmi me `itry nij p`remrf naa pr`pnrntgmi.
snfpa` t`stgik nt tdgs snf` amcntgmi. 7.8.>.
7.8 .>.8
8 _an
_anc`
c` td` pnc
pncbnk
bnk`` gi td` t`s
t`stt npp
nppnrn
nrntus
tus nij s`t td`
sp`cg﬎`j pnrnf`t`rs. Zd` mp`i pncbnk` t`st`r fust h` njlust`j
IMZ@   3‚Gt gs gfpmrtnit imt tm jnfnk` mtd`r pncbnk` surenc`s wd`i
gis`rtgik td` i``ja`
gis`rtgik i``ja`.. Ge td` pncbnk
pncbnk`` fnt`r
fnt`rgna
gna t`nrs `nsgay,
`nsgay, r`giem
r`giemrc`
rc` td` sucd tdnt td` t`st`r jm`s imt r`strngi td` pncbnk` ermf emrfgik
pmgit me `itry wgtd tnp` mr `qugvna`it. gts imrfna uir`strngi`j d`gkdt jurgik td` t`st. _ncbnk` pmsgtgmi
7.>.
7.>.8.
8.3
3 H`kgi
H`kgi td td`` t`
t`st
st f`
f`td
tdmj
mj hy ststnr
nrtgi
tgik
k td
td`` gi
gi﬈n
﬈ntgm
tgmii gs gfpmrtnit, s`` Imt`
s``  Imt` 8.
8.
prmc`ss. Zd` rnt` me pr`ssurgzntgmi fny nee`ct td` t`st r`suats 7.8.
7.8.>.
>.3
3 H`kgi
H`kgi tdtd`` t`s
t`stt f`
f`td
tdmj
mj hy stn stnrt
rtgi
gik
k tdtd`` gi
gi﬈n
﬈ntgm
tgmi
i
nij fust imt `xc``j td` r`spmis` rnt` me td` pr`ssur` gijgcntmr. prmc`ss. Zd` rnt` me pr`ssurgzntgmi fny nee`ct td` t`st r`suats
Cmitgiu` pr`ssurgzntgmi uitga n engaur` mccurs. nij fust imt `xc``j td` r`spmis` rnt` me td` pr`ssur` gijgcntmr.
7.>.8.:
7.>.8.: Ugsunaay `xnfgi`
`xnfgi` td` pncbnk
pncbnk`` nij imt` td` pmsgtg
pmsgtgmi
mi Gi﬈n
Gi ﬈nt`
t` td
td`` pn
pncb
cbnk
nk`` tm n sp sp`cg
`cg﬎`
﬎`jj pr
pr`s
`ssusur`
r` ni
nijj dm
dmaj
aj em
emrr n
nij typ` me engaur` (fnt`rgna mr s`na) nij td` pr`ssur` nt wdgcd sp`cg﬎`j tgf`, typgcnaay n vnau` h`tw``i >0 nij 3? s.
gt mccurr`j. 7.8.>.:
7.8.> .: Jurgi
Jurgikk td` pr`ssu
pr`ssurgzntgm
rgzntgmi
i nij dmaj cyca` (7.8.>.3
( 7.8.>.3),
),
7.>.3
7.>.3 Ge im enga
engaur`
ur` gs vgs
vgsgha`
gha` hut `qugpf`i
`qugpf`itt gs gijgcntgi
gijgcntgikk n mhs`rv` td` pncbnk` tm j`t`rfgi` yg`ajgik me td` s`na mr mtd`r
hurst, s`isgtgvgty s`ttgiks fny i``j tm h` njlust`j, pmrmsgty me  j`emrfntgmi tdnt gijgcnt`s n t`ij`icy tm enga.
pncbnk`` fny i``j tm h` agfgt`j (s`` Npp`ijgx
pncbnk (s`` Npp`ijgx T>),
T>), mr tdgs t`st 7.8.>.0
7.8.> .0 Zdgs t`st f`tdmj gs cmfpa`t`
cmfpa`t` wd`i n sp`cg﬎`j tgf`
f`tdmj fny imt h` npprmprgnt`. `anps`s mr n engaur` mccurs. Imt` td` tgf` `anps`j nij pr`ssur`
r`njgik. Ugsunaay `xnfgi` td` pncbnk` nij imt` td` pmsgtgmi
7.8   Z`st F`tdmj H>  (Cr``p Z`st)‚ _anc`_anc` td` pncbnk` gi td` nij typ` me niy engaur` (fnt`rgna mr s`na) nij td` pr`ssur` nt
t`st nppnrntus, git`rinaay pr`ssurgz` tm td` sp`cg﬎`j pr`ssur`, wdgcd gt mccurr`j.
nij fngitngi tdnt pr`ssur` emr n sp`cg﬎`j tgf`. Zd` sukk`st`j
stnrtgik pr`ssur` emr td` cr``p t`st f`tdmj fny h` `xpr`ss`j ns IMZ@ :‚Engaur` me n pncbnk` tm r`ncd gts git`ij`j t`st pr`ssur` fny h`
n r`suat me gisueegcg`it vmauf` j`agv`ry me ngr. S``   Npp`ijgx T>.
T>.
n p`rc`i
p`rc`itnk`
tnk` me td` hurst pr`ss
pr`ssur`
ur` emr tdnt pncbnk`. N cmffmi
cmffmi
stnrtgik pmgit gs 4? % me td` hurst vnau`. Imt` dmw`v`r tdnt td` 7.8.8   Cams`j _ncbnk` Z`st<
sp`cg﬎`j cr``p pr`ssur` fny h` j`p`ij`it mi td` fnt`rgnas mr 7.8.8.>   _ncbnk` _r`pnrntgmi‚ Zd` Zd` pncbnk` fny h` t`st`j
s`nagik
s`na gik f`cdnigsf
f`cdnigsf nij fny h` rngs rngs`j
`j mr amw
amw`r`j
`r`j tm naam
naamw
w wgtd mr wgtdmut td` prmjuct `icams`j. X`cmrj td` pncbnk` t`st
t`stgik tm mccur gi ni npprmprgnt` tgf` rnik`. pr`pnrntgmi.
Z`st F`tdmj H8 (Cr``p tm Engaur`)‚Gj`itgcna tm Z`st F`tdmj 7.8.8.
7.8 .8.8
8 _ms
_msgtgm
gtgmi
i td` cmf
cmfpa`
pa`t`ay
t`ay s`na`j pncbnk`
pncbnk` gi td` t`st`stt
H>   `xc`pt
`xc`pt td` pr`pr`ssu
ssur`
r` gs d`a
d`aj
j uit
uitga
ga td` pncbnk`
pncbnk` eng
engas.
as. Zd` nppnrntus nij cnr`euaay gis`rt td` pr`ssurgzntgmi `itry j`vgc`
sukk`st`j stnrtgik pr`ssur` emr td` cr``p tm engaur` t`st fny h` (s`` Egk.
(s``  Egk. 8).
8). Zd` c`it`r me td` pncbnk` gs td` pr`e`rr`j pmgit me 
`xpr
`x pr`ss
`ss`j
`j ns n p` p`rc
rc`i
`itnk
tnk`` me td
td`` hu
hurs
rstt pr
pr`s
`ssu
sur`
r` em
emrr td
tdnt
nt `itry
`itry.. Amc
Amcntgm
ntgmi
i vnr
vnrgntg
gntgmis
mis me td` `it
`itry
ry pmg
pmgit
it fny ne
nee`c
e`ctt td`
r`suats me td` t`st. X`cmrj td` amcntgmi me `itry nij p`remrf naa
snfpa` t`stgik nt tdgs snf` amcntgmi. S``  Imt` 3. 3.
7.8.
7.8.8.
8.3 3 H`kgi
H`kgi tdtd`` t`s
t`stt f`
f`td
tdmj
mj hy stn
stnrt
rtgi
gik
k td
td`` gi
gi﬈n
﬈ntgm
tgmi
i
prmc`ss. Zd` rnt` me pr`ssurgzntgmi fny nee`ct td` t`st r`suats
nij fust imt `xc``j td` r`spmis` rnt` me td` pr`ssur` gijgcntmr.
Gi﬈nt` td` pncbnk` tm n sp`cg﬎`j pr`ssur`.
(>)   Emr td` cr`
cr``p
`p t`st f`tdmj
f`tdmj (H>), dmaj emr n sp`sp`cg﬎
cg﬎`j
`j
tgf`, typgcnaay n vnau` h`tw``i >0 nij 3? s.
(8)  Emr td` cr``p tm engaur` t`st f`tdmj (H 8), dmaj uitga td`
pncbnk`` engas.
pncbnk
7.8.8.:
7.8.8 .: Jurgi
Jurgikk td` pr`ssu
pr`ssurgzntgm
rgzntgmi
i nij dmaj cyca` (7.8.>.3
( 7.8.>.3),
),
mhs`rv` td` pncbnk` tm j`t`rfgi` yg`ajgik me td` s`na mr mtd`r
j`emrfntgmi tdnt gijgcnt`s n t`ij`icy tm enga.
7.8.8.0
7.8.8 .0 Zdgs t`st f`tdmj gs cmfpa`t`
cmfpa`t` wd`i n sp`cg﬎`j tgf`
`anps`s mr n engaur` mccurs. Imt` td` tgf` `anps`j nij pr`ssur`
r`njgik. Ugsunaay `xnfgi` td` pncbnk` nij imt` td` pmsgtgmi
nij typ` me niy engaur` (fnt`rgna mr s`na) nij td` pr`ssur` nt

wdgcd gt mccurr`j. S`` Imt`

S``  Imt` :.
:.
>?. X`pm
X`pmrt
rt
EGK. 8 Cams`j _ncbnk`
_ncbnk` Z`st Egxtur`
Egxtur` wgtd _ncbnk` @iknk`j
@iknk`j >?.> X`pmr
X`pmrtt td` emaamw
emaamwgik
gik giemrfntgmi<
giemrfntgmi<

Cmpyrgkdt hy NSZF Git'a (naa rgkdts r`s`rv`j)2 Sui Mct >4 >?<>3<?0 @JZ 8?8?
3
Jmwiamnj`j/prgit`j hy
Pigv`rsgty me Zmrmitm (Pigv`rsgty me Zmrmitm) pursunit tm Agc`is` Nkr``f`it. Im eurtd`r r`prmjuctgmis nutdmrgz`j.
 

  E>>:?/E>>:?F ∘ >3 (8?8?) º>

ZNHA@ > _r`cgsgmi Suffnry

Z`st F`tdmj N, Np`rtur` Z`st, gi. D 8M
Stnijnrj J`vgntgmi, X`prmjucghgagty,
Nv`rnk` [gtdgi Anhmrntmrg`s Cm`eegcg`it me Unrgnic` H`tw``i Anhmrntmrg`s Cm`eegcg`it me Unrgnic`
S r  % S X  %
Mp`i pncbnk` :7.>> 3.5; ;.:; 5.37 >3.?>
Cams`j pncbnk` 0?.4> 3.87 5.:4 5.4> >3.:?

Z`st F`tdmj N, Np`rtur` Z`st, b_n

Mp`i pncbnk` >8.83 ?.7> ;.:; >.07 >3.?>
Cams`j pncbnk` >8.50 ?.48 5.:4 >.;? >3.:?

ZNHA@ 8 _r`cgsgmi Suffnry

Z`st F`tdmj H,† _r`ssurgzntgmi/Dmaj Z`st
Snfpa`s Snfpa`s _`rc`it
@vnaunt`j _nssgik _nssgik
Mp`i pmucd 38 3? 73
Cams`j pmucd 38 85 4>
†@jgtmrgnaay cmrr`ct`j.

>?.>.>
>?. >.> Z`st
Z`st f`t
f`tdmj
dmj p`r
p`remr
emrf`j
f`j (hu
(hurst
rst,, cr`
cr``p,
`p, mr cr`
cr``p
`p tm >?.>.;
>?.>.; N suffnry gicaujgik
gicaujgik cmff`its mr cmicau
cmicausgmis
sgmis,, mr
engaur`),
engaur`), npp
nppnrnt
nrntus
us us`
us`j,
j, fncd
fncdgi`
gi` s`tt
s`ttgik
gik cdm
cdms`i
s`i ge mp`
mp`rnt
rntmr
mr hmtd, sdmuaj nasm h` r`pmrt`j.
njlu
njlustn
stnha
ha`,
`, pm
pmsgt
sgtgm
gmi
i me pnpncb
cbnk
nk`,
`, ni
nij
j hahamc
mcbg
bgik
ik nk
nk`i
`itt ﬈m
﬈mww
agfgtgik f`tdmj
f`tdmj.. >>. _r`
_r`cgsg
cgsgmi
mi nij Hgns
>?.>.8
>?.>. 8 Fnt`rg
Fnt`rgna
na typ`(s) nij mtd`r cdnrnct`rgstgcs
cdnrnct`rgstgcs me pncbnk
pncbnk`` >>.>
>>.> Z`i anhmrntmrg`s
anhmrntmrg`s w`r` suppag`j wgtd t`st pmucd`s gi ni

t`st`j (wgtd mr wgtdmut prmjuct), pncbnk` amt iufh`r, nij inf`

me smurc`. mp`i
`j nij
sgj`j
sgj cams`j
s`na`j
s`na`j stnt`.
pmucd Zd`n mp`i-stnt`
wgtd rtd sgj`snfpa`s
emurtd
emu uis`na`
uis w`r`
`na`j. n tdr``-
j. Zd` snf``
snf
>?.>.3
>?.>.3 Jnt
Jnt`,
`, tgf`
tgf`,, amc
amcntgm
ntgmi,
i, nij gj`
gj`itg﬎
itg﬎cntg
cntgmi
mi me td` gij
gijg-
g- pmucd wns us`j emr td` cams`j stnt` snfpa`s, wgtd td` ﬎ina sgj`
vgjuna p`remrfgik td` t`st f`tdmj. s`na`j.
>?.>.:
>?.>. : Zd` iufh`r me pncbnk`s
pncbnk`s t`st`j, nij td` iufh`
iufh`rr me  >>.>.>
>> .>.> Z`st F`tdmj N, td` np`rtur` t`st, wns `vnaun
`vnaunt`j
t`j hy
pncbnk` engaur`s emr `ncd t`st f`tdmj. `gkdt
`gk dt me td` anh
anhmrn
mrntmr
tmrg`s
g`s giv
givmav
mav`j
`j nt emu
emurr f`ns
f`nsur`
ur`f`i
f`itsts p`r
>?.>.0
>?.>. 0 Cmijg
Cmijgtgmigi
tgmigik
k pnrnf`t`rs us`j emr td` t`st f`tdm
f`tdmj(s).
j(s). pmucd. S`` Znha`
S``  Znha` >.
>.
>?.>.5
>?.>. 5 X`suats
X`suats<< >>.>.8
>> .>.8 Z`st
Z`st F`t
F`tdmj
dmj H, td` pr` pr`ssu
ssurgz
rgzntgm
ntgmi/d
i/dmaj
maj t`st wns
>?.>.5.>   Hurst Z`st‚ Zd`
Zd` hurst pr`ssur` vnau` nij amcntgmi cmijuct`j nt n t`st pr`ssur` me 7.75 b_n (:? gi. D 8M) emr 3? s.
nt wdgcd engaur` mccurr`j. @gkdt me td` givmav`j anhmrntmrg`s r`pmrt`j nt emur f`nsur`-
>?.>.5.8   Cr``p
Cr``p Z`st‚ Zd`
Z d` gi
git`r
t`rin
inaa pr
pr`s
`ssu
sur`
r` nt wd
wdgc
gcd
d td
td`` f`its p`r pmucd. S``  Znha` 8. 8.
pncbnk` wns d`aj nij td` dmaj tgf`.
>?.>.5.3   Cr``p
Cr``p tm Eng aur`` Z`st‚ Zd` git`
Engaur git`rin
rinaa pr`
pr`ssu
ssur`
r` nt >8. B`yw
B`ywmrjs
mrjs
wdgcd td` pncbnk` wns d`aj nij td` tgf` uitga td` pncbnk` >8.> hurs
hurst2
t2 cams`j pncbnk`2 cr``p2 ﬈`xgha` pncbnkgik2
pncbnkgik2 gi﬈n-
enga`j. tgmi2 f`jgcna pncbnkgik2 mp`i pncbnk`

N__@IJGT

(Imifnijntmry Giemrfntgmi)

T>. Z@SZGIK _NCBNK@S

_NCBNK@S [GZD N ANXK@ _MXMPS NX@N
NX@N

T>.> Zd` t`s

T>.> t`stgi
tgik
k me td
td`` s`
s`nas
nas me pn
pncb
cbnk
nk`s
`s wgt
wgtdd pm
pmrm
rmus
us T>.8 Gijustry
T>.8 Gijustry dns typ typgcna
gcnaay
ay r`s
r`spmi
pmij`j
j`j tm tdgs `e `ee`ct
e`ct hy
hnrrg`r fnt`rgnas fny h` agfgt`j ju` tm td` ginhgagty tm prmvgj` agfgtgik td` pmrmus hnrrg`r nr`n. Zd`r` nr` twm fnlmr canssg﬎-
sueegcg`it ngr vmauf`. Ni `xnfpa` me tdgs ginhgagty tm prmvgj` cntgmis me hnrrg`r hamcbgik nk`its, td` ﬎rst h`gik anh`as mr tnp`,
sueegcg`it ngr vmauf` fny h` `icmuit`r`j wd`i td` pncbnk` gs nij td` s`cmij h`gik imi-smagj nk`its tdnt nr` spr`nj ncrmss
sm anrk` tdnt ngr a`nbs tdrmukd td` pmrmus hnrrg`r enst`r tdni gt td` pmrmus
pmrmus hnrhnrrg`r
rg`r fnt`rgna.
fnt`rgna. Cnutgmi
Cnutgmi fusfustt h` us`
us`j j wgt
wgtdd niy
cni h` nppag`j. H`cnus` me tdgs ngr a`nbnk`, ginj`qunt` emrc` f`tdmj me hamcbgik tm `isur` tdnt td` pmrmus hnrrg`r nr`n gs
ju` tm amw`r pr`ssur` wgaa imt naamw `gtd`r td` hurstgik me td` cmisgst
cmi sgst`it
`itay
ay nij uig
uigemr
emrfay
fay cmv
cmv`r`
`r`j
j mr cmn
cmnt`j
t`j.. [d`
[d`i i usg
usgik
ik
s`nas mr r`ncdgik td` j`sgr`j dmajgik pr`ssur` a`v`a. anh`as
anh`as mr tnp
tnp`` ns ha
hamc
mcbg
bgik
ik nk
nk`i
`its,
ts, gt gs gf
gfpm
pmrtn
rtnit
it td
tdnt
nt td
td``

Cmpyrgkdt hy NSZF Git'a (naa rgkdts r`s`rv`j)2 Sui Mct >4 >?<>3<?0 @JZ 8?8?
:
Jmwiamnj`j/prgit`j hy
Pigv`rsgty me Zmrmitm (Pigv`rsgty me Zmrmitm) pursunit tm Agc`is` Nkr``f`it. Im eurtd`r r`prmjuctgmis nutdmrgz`j.
 

  E>>:?/E>>:?F ∘ >3 (8?8?) º>

hamcbgik fnt`rgna jm`s imt r`giemrc` td` s`na nr`n h`gik t`st`j T>.3 X`knrj
X`knrja`ss
a`ss me td` f`tdmj us`j, cmisgst`icy
cmisgst`icy me td` nr`n
mi td` pncpncbnk
bnk`.
`. [d`
[d`i
i usg
usgik
ik imi
imi-sm
-smagj
agj ham
hamcbgi
cbgik
k nk`
nk`its
its tdn
tdntt hamcb`j
hamcb`j gs i`c
i`c`ss
`ssnry
nry tm prm
prmvgj
vgj`` fgi
fgigfu
gfuff vnr
vnrgnh
gnhgagt
gagty
y gi td`
r`qugr
r`q ugr`` spr
spr`nj
`njgik
gik mv`
mv`rr td` pmr
pmrmus
mus hnr
hnrrg`
rg`rr fnt
fnt`rgn
`rgna,
a, cnu
cnutgmi
tgmi f`tdmj. Unagjntgmi me td`s` t`cdigqu`s gs i`c`ssnry wd`i us`j
fust h` us`j tm `isur` tdnt td` hamcbgik nk`it jm`s imt nee`ct emr r`kuant`j prmjucts.
td` s`na hmijgik nr`n hy p`i`trntgik td` pmrmus hnrrg`r fnt`-
rgna.

NSZF Git`rintgmina
Git`rintgmina tnb`s im pmsgtg
pmsgtgmi
mi r`sp`ctgik td` vnagjg
vnagjgty
ty me niy pnt`it rgkdts nss`rt
nss`rt`j
`j gi cmii`c
cmii`ctgmi
tgmi wgtd niy gt`f f`itgm
f`itgmi`j 
i`j 
gi tdgs stnijnrj. Ps`rs me tdgs stnijnrj nr` `xpr`ssay njvgs`j tdnt j`t`rfgintgmi me td` vnagjgty me niy sucd pnt`it rgkdts, nij td` rgsb 
me giergik`f`it me sucd rgkdts, nr` `itgr`ay td`gr mwi r`spmisghgagty.

Zdgs stnijnrj gs suhl`ct tm r`vgsgmi nt niy tgf` hy td` r`spmisgha` t`cdigcna cmffgtt`` nij fust h` r`vg`w`j `v`ry ﬎v` y`nrs nij 
ge imt r`vgs`j, `gtd`r r`npprmv`j mr wgtdjrnwi. Wmur cmff`its nr` givgt`j `gtd`r emr r`vgsgmi me tdgs stnijnrj mr emr njjgtgmina stnijnrjs 
nij sdmuaj h` njjr`ss`j tm NSZF Git`rintgmina D`njqunrt`rs. Wmur cmff`its wgaa r`c`gv` cnr`eua cmisgj`rntgmi nt n f``tgik me td` 
r`spmisgha`
r`spmi sgha` t`cdigcna
t`cdigcna cmffgtt``, wdgcd ymu fny ntt`ij. Ge ymu e``a tdnt ymur cmff`its dnv` imt r`c`gv
r`c`gv`j
`j n engr d`nrgik ymu sdmuaj 
fnb` ymur vg`ws bimwi tm td` NSZF Cmffgtt`` mi Stnijnrjs, nt td` njjr`ss sdmwi h`amw.

Zdgs stnijnrj gs cmpyrgkdt`j hy NSZF Git`rintgmina, >?? Hnrr Dnrhmr Jrgv`, _M Hmx C;??, [`st Cmisdmdmcb`i, _N >7:84-8707,
Pigt`j Stnt`s. Gijgvgjuna r`prgits (sgika` mr fuatgpa` cmpg`s) me tdgs stnijnrj fny h` mhtngi`j hy cmitnctgik NSZF nt td` nhmv` 
njjr`ss
njjr`ss mr nt 5>?-
5>?-438-
438-7040
7040 (pdm
(pdmi`),
i`), 5>?-
5>?-438-
438-7000
7000 (enx
(enx),
), mr s`rv
s`rvgc`O
gc`Onstf
nstf.mrk
.mrk (`-f
(`-fnga)
nga)22 mr tdrm
tdrmukd
ukd td` NSZF w`hs
w`hsgt` 
gt` 
(www.nstf.
(www .nstf.mrk).
mrk). _`rfgssgmi
_`rfgssgmi rgkdts tm pdmtmcmpy td` stnijn
stnijnrj
rj fny nasm h` s`cur`
s`cur`j
j ermf td` Cmpyrg
Cmpyrgkdt
kdt Ca`nrnic` C`it`r,
C`it`r, 888 
Xms`wmmj Jrgv`, Jniv`rs, FN ?>783, Z`a< (7;4) 5:5-85??2 dttp<//www.cmpyrgkdt.cmf/ 

Cmpyrgkdt hy NSZF Git'a (naa rgkdts r`s`rv`j)2 Sui Mct >4 >?<>3<?0 @JZ 8?8?
0
Jmwiamnj`j/prgit`j hy
Pigv`rsgty me Zmrmitm (Pigv`rsgty me Zmrmitm) pursunit tm Agc`is` Nkr``f`it. Im eurtd`r r`prmjuctgmis nutdmrgz`j.