You are on page 1of 157

63(&,),&$7,216 /,.

( 


7$%/( 2) &217(176

63(&,),&$7,216 
63(&,),&$7,216
,1)250$7,21 
*(1(5$/ ,1)250$7,21
,163(&7,21$'-8670(17 
,163(&7,21$'-8670(17
/8%5,&$7,21 6<67(0
6<67(0 
(1*,1( 5(029$/,167$//$7,21
5(029$/,167$//$7,21 
+($'&</,1'(53,6721 
&</,1'(5 +($'&</,1'(53,6721
*(1(5$725 
$& *(1(5$725
38//(< 
.,&. 67$57(5'5,9( 38//(<&/87&+'5,9(1 38//(<
5('8&7,21 
),1$/ 5('8&7,21
&5$1.&$6(&5$1.6+$)7 
&5$1.&$6(&5$1.6+$)7
6<67(0 
)8(/ 6<67(0
&29(56 
)5$0( &29(56
67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.(
)25. 
)5217 6+2&. $%625%(5)5217 )25.
$%625%(5 
5($5 :+((/5($5 %5$.(5($5 6+2&. $%625%(5
(48,30(17 
(/(&75,&$/ (48,30(17
,167580(176:,7&+(6/,*+76 
,167580(176:,7&+(6/,*+76
6<67(0 
(;+$867 (0,66,21 &21752/ 6<67(0


63(&,),&$7,216 /,.(
63(&,),&$7,216
1DPH 0RGHO /,.( 
2YHUDOO OHQJWK PP  /XEULFDWLRQ RLO FDSDFLW\ OLWHU 
2YHUDOO ZLGWK PP  $LU FOHDQHU W\SH 1R :HW VLQJOH
2YHUDOO KHLJKW PP  )XHO FDSDFLW\ OLWHU 
:KHHO EDVH PP  7\SH 3OXQJHU W\SH
(QJLQH W\SH $LU FRROHG VWURNH &DUEXUHWRU 3LVWRQ GLD PP 
)XHO 8VHG  RU  QRQOHDGHG 9HQWXUL GLD PP 
JDVROLQH ,JQLWLRQ V\VWHP W\SH &', HOHFWURPDJQHWLF
,JQLWLRQ
'LVSODFHPHQW FF  FF FF
,JQLWLRQ WLPLQJ ) PDUN qrq%7'&
)URQW ZKHHO 
USP
1HW ZHLJKW NJ 5HDU ZKHHO 
6SDUN
7RWDO  1*. &5+6$
SOXJ
 3HUVRQ .* )URQW ZKHHO 
6SDUN SOXJ JDS PP Д
*URVV ZHLJKW NJ 5HDU ZKHHO 
%DWWHU\ FDSDFLW\ 9$+
7RWDO 
3RZHU WR WUDQVPLVVLRQ JHDU 3RZHUWUDQVPLVVLRQ
)URQW ZKHHO  JHDUFOXWFK
7LUHV
5HDU ZKHHO 
5HGXFWLRQ UDWLR RI SRZHU WR 
*URXQG FOHDUDQFH PP  WUDQVPLVVLRQ
%UDNLQJ GLVWDQFH P &OXWFK W\SH 'U\ PXOWLGLVF FOXWFK
,QLWLDO VSHHG .PK P NPK
7UDQVPLVVLRQ JHDU RSHUDWLRQ $XWRPDWLF FHQWULIXJDO
0LQ WXUQLQJ UDGLXV PP 5/  W\SH W\SH
6WDUWLQJ V\VWHP 6WDUWLQJ PRWRU
NLFN VWDUWHU 7UDQVPLVVLRQ UDWLR  VSHHG 
*DVROLQH VWURNH 5HGXFWLRQ 7\SH 7ZRVWDJH UHGXFWLRQ
)XHO W\SH
PRWRU RLO JHDU VW UHGXFWLRQ UDWLR a
&\OLQGHU DUUDQJHPHQW 6LQJOH F\OLQGHU IODW QG UHGXFWLRQ UDWLR 
&RPEXVWLRQ FKDPEHU W\SH 6HPLVSKHUH 7UDQVPLVVLRQ JHDU W\SH 1RQVWDJH
9DOYH DUUDQJHPHQW 5HHG YDOYH SLVWRQ )URQW ZKHHO WUDQVPLVVLRQ
 NJFPð
7LUH SUHVVXUH
%RUH [ VWURNH PP  [  [ NJFPð 5HDU ZKHHO  NJFPð
&RPSUHVVLRQ UDWLR    7XUQLQJ DQJOH 5LJKW OHIW q
&RPSUHVVLRQ SUHVVXUH NJFPð r %UDNH V\VWHP )URQW ZKHHO K\GUDXOLF
NJFPð USP
W\SH 5HDU ZKHHO ([SDQGLQJ
0D[ RXWSXW  NZUSP
6XVSHQVLRQ )URQW ZKHHO 7HOHVFRSH
 NZUSP
W\SH 5HDU ZKHHO 8QLW VZLQJ
0D[ WRUTXH NJ PUSP  1PUSP
6KRFN DEVRUEHU )URQW ZKHHO 7HOHVFRSH
 1PUSP
W\SH 5HDU ZKHHO 8QLW VZLQJ
2SHQ $XWRPDWLF FRQWUROOHG
,QWDNH )UDPH W\SH 3LSH XQGHU ERQH
&ORVH $XWRPDWLF FRQWUROOHG
3RUW 2SHQ 
([KDXVW
WLPLQJ &ORVH 
6FDYHQJ 2SHQ 
H &ORVH 
,GOH VSHHG USP  r211
/XEULFDWLRQ W\SH 6HSDUDWH W\SH


 ,163(&7,21$'-8670(17 /,.( 


BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

,163(&7,21$'-8670(17
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

,163(&7,21 $1' 0$,17(1$1&( 6&+('8/(  


%5$.( 6<67(0  
029,1* '(9,&(  
'$03,1* '(9,&( 
32:(5 '5,9( 6<67(0 
(/(&75,&$/ (48,30(17  
(1*,1(  
27+(56 


 ,163(&7,21$'-8670(17
,163(&7,21$'-8670(17 /,.( 

,163(&7,21 $1' 0$,17(1$1&( 6&+('8/(


1RWH  ϤPHDQV WLPH IRU LQVSHFWLRQ
 ϩPHDQV UHJXODU UHSODFHPHQW IRU WKH VSHFLILHG SDUWV
7KLV LQVSHFWLRQ DQG PDLQWHQDQFH VFKHGXOH LV EDVHG XSRQ DYHUDJH ULGLQJ
FRQGLWLRQV 0DFKLQHV VXEMHFWHG WR VHUYH XVH RU ULGGHQ LQ XQXVXDOO\ GXVW\ DUHDV
UHTXLUH PRUH IUHTXHQW VHUYLFLQJ

)UHTXHQF\
,QVSHFWLRQ 0DLQWHQDQFH ,WHP VW (YHU\  (YHU\  -XGJPHQW 6WDQGDUGV 5HPDUNV
3ULRU PRQWK PRQWKV PRQWKV

&KHFN IRU ORRVHQHVV


Ϥ
6WHHULQJ DQG YHUWLFDO SOD\
KDQGOHEDU
2SHUDWLQJ SHUIRUPDQFH Ϥ Ϥ

5LJKWOHIW WXUQLQJ DQJOH Ϥ

6XVSHQVLRQ 'DPDJH Ϥ Ϥ

&KHFN IRU IURQW IRUN &KHFN


)URQW Ϥ Ϥ VWHHULQJ
SLYRW LQVWDOODWLRQ
IRUN VWHP
&KHFN IURQW IRUN SLYRW &KHFN
IRU ORRVHQHVV DQG Ϥ VWHHULQJ
DEQRUPDO QRLVH VWHP
)URQWUHDU EUDNH OHYHU )UHH SOD\
IUHH SOD\ Ϥ Ϥ ДPP
%UDNH /HYHU %UDNH OHYHU RSHUDWLRQ Ϥ

%UDNH SHUIRUPDQFH Ϥ Ϥ Ϥ
/HYHU /RRVHQHVV DEQRUPDO
Ϥ Ϥ
&DEOH QRLVH DQG GDPDJH
%UDNH 'UXPWROLQLQJ
Ϥ Ϥ
6\VWHP FOHDUDQFH
%UDNH VKRH DQG OLQLQJ ,QGLFDWRU
ϩ
%UDNH ZHDU W\SH
GUXP VKRH 6WDQGDUG
%UDNH GUXP ZHDU DQG 5HDU   PP
Ϥ
GDPDJH 6HUYLFH /LPLWV
5HDU   PP

)URQW 5HDU
0RYLQJ   
7LUH 7LUH SUHVVXUH Ϥ Ϥ Ϥ ULGHU NJFPð NJFPð
'HYLFH
7LUH  
6L]H  


 ,163(&7,21$'-8670(17 /,.( 

)UHTXHQF\
,QVSHFWLRQ 0DLQWHQDQFH ,WHP VW (YHU\  (YHU\  -XGJPHQW 6WDQGDUGV 5HPDUNV
3ULRU PRQWK PRQWKV PRQWKV

7LUH FUDFN DQG GDPDJH Ϥ Ϥ Ϥ

*URRYH 'HSWK
7LUH JURRYH DQG
Ϥ Ϥ Ϥ )URQW PP
DEQRUPDO ZHDU
5HDU  PP
,PEHGGHG REMHFWV
JUDYHO HWF Ϥ Ϥ Ϥ

7RUTXH 9DOXHV
)URQW D[OH QXW
0RWRU $[OH QXW ORRVHQHVV $[OH QXW
0RYLQJ Ϥ Ϥ ДNJP
F\FOH 5HDU D[OH QXW WRUTXH
'HYLFH
ДNJP
5LP UXQRXW DW ULP HQG
&KHFN ZKHHO ULP ULP )URQW $[LDO PP
HGJH DQG VSRNH SODWH Ϥ Ϥ 5DGLDO PP
IRU GDPDJH 5HDU $[LDO PP
5DGLDO PP
&KHFN IURQW ZKHHO EHDU
LQJ IRU H[FHVVLYH SOD\ Ϥ
DQG DEQRUPDO QRLVH

&KHFN IURQW ZKHHO EHDU


LQJ IRU H[FHVVLYH SOD\ Ϥ
DQG DEQRUPDO QRLVH
6KRFN
)UDPH VSULQJ
'DPDJH
6SULQJ IUHH
OHQJWK
6XVSHQ &RQQHFWLQJ SDUWV ORRVH Ϥ
'DPSLQJ VLRQ DUP QHVV DQG DUP GDPDJH
'HYLFH
6KRFN 2LO OHDNDJH DQG Ϥ
GDPDJH
DEVRUEHU $VVHPEO\ SDUWV ORRVH
Ϥ
QHVV DEQRUPDO QRLVH

3RZHU &OXWFK 2SHUDWLRQ Ϥ Ϥ Ϥ


'ULYH 2LO OHYHO 5HDU
7UDQVPLV
6\VWHP VLRQ FDVH 2LO OHDNDJH DQG RLO OHYHO Ϥ Ϥ 2LO FKHFN EROW KROH ZKHHO
DW ORZHU KROH HGJH WUDQVPLV
VLRQ FDVH
,JQLWLRQ
GHYLFH 6SDUN SOXJ FRQGLWLRQ Ϥ Ϥ 3OXJ JDS ДPP
(OHFWULFDO
%DWWHU\ 7HUPLQDO FRQQHFWLRQ Ϥ
(TXLSPHQW
/RRVH FRQQHFWLRQ DQG
:LUHV GDPDJH Ϥ


 ,163(&7,21$'-8670(17
,163(&7,21$'-8670(17 /,.( 
)UHTXHQF\
,QVSHFWLRQ 0DLQWHQDQFH ,WHP VW (YHU\  (YHU\  -XGJPHQW 6WDQGDUGV 5HPDUNV
3ULRU PRQWK PRQWKV PRQWKV

3HUIRUPDQFH DQG DEQRUPDO


Ϥ Ϥ
QRLVH
&RQGLWLRQV DW ORZ DQG KLJK
%RG\ Ϥ Ϥ Ϥ
VSHHGV
([KDXVW VPRNH Ϥ Ϥ
$LU FOHDQHU Ϥ Ϥ
ˆ 2LO OHYHO LQGLFDWRU
2LO TXDOLW\ DQG TXDQWLW\ Ϥ Ϥ ,QGLFDWRU OLJKW FRPHV RQ
/XEULFD ZKHQ RLO LV LQVXIILFLHQW
(QJLQH WLRQ 2LO OHDNDJH Ϥ Ϥ
V\VWHP
2LO OHYHO Ϥ
&KHFN RLO ILOWHU IRU FORJJLQJ Ϥ
)XHO OHDNDJH
&DUEXUHWRU WKURWWOH YDOYH DQG
Ϥ
DXWR E\VWDUWHU
)XHO
6\VWHP &KHFN IXHO ILOWHU IRU FORJJLQJ Ϥ
)XHO OHYHO Ϥ
)XHO WXEH UHSODFHPHQW ϩ(YHU\  \HDUV
2SHUDWLRQ
/LJKWV :LQNHU :LQNLQJ DFWLRQ GLUW DQG
Ϥ
GDPDJH
%X]]HU
2SHUDWLRQ Ϥ
6WHHULQJ /RFN
5HDUYLHZ 0LUURU 5HDUYLHZ
5HDUYLHZ PLUURU SRVLWLRQ Ϥ
5HIOHFWRU 0LUURU
5HIOHFWRU
'LUW DQG GDPDJH Ϥ
/LFHQVH 3ODWH
&RXQWHU 2SHUDWLRQ Ϥ
([KDXVW -RLQW ORRVHQHVV DQG GDPDJH Ϥ
0XIIOHU ([KDXVW PXIIOHU SHUIRUPDQFH Ϥ
%RG\ )UDPH /RRVHQHVV DQG GDPDJH Ϥ
$EQRUPDO
&RQGLWLRQV &KHFN LI WKH DEQRUPDO
+DSSHQHG /DVW FRQGLWLRQV RFFXU DJDLQ Ϥ
7LPH
/XEULFDWLRQ SRLQWV Ϥ Ϥ
5HPRYH FDUERQ GHSRVLWV RQ
2WKHUV FRPEXVWLRQ FKDPEHU Ϥ
EUHDWKHU KROH DQG H[KDXVW
PXIIOHU


 ,163(&7,21 $'-8670(17
,163(&7,21$'-8670(17 /,.( 
0DVWHU &\OLQGHU

%5$.( 6<67(0
,QVSHFW WKH EUDNH IOXLG OHYHO
5HFRPPHQG EUDNH IOXLG '27

1RUPDO OLPLW

%5$.( /(9(5
0HDVXUH WKH IURQW DQG UHDU EUDNH OHYHU IUHH
SOD\V
)UHH 3OD\ 5HDU ДPP 5HDU ДPP

5HDU! ³Ϧ´ 0DUNV

,I WKH IUHH SOD\V GR QRW IDOO ZLWKLQ WKH OLPLWV


WXUQ WKH ULJKW DQG OHIW DGMXVWLQJ QXWV IRU
DGMXVWPHQW

$GMXVWLQJ 1XWV


 ,163(&7,21 $'-8670(17
,163(&7,21$'-8670(17 /,.( 

5HDU! ³Ϧ´ 0DUNV


%5$.( '5806+2(
π%UDNH
%UDNH 6KRH :HDU
:HDUρ
5HSODFH WKH EUDNH VKRHV LI WKH DUURZ RQ
WKH EUDNH DUP DOLJQV ZLWK UHIHUHQFH
PDUN³ Ϧ ´ RQ WKH EUDNH SDQHO ZKHQ WKH
EUDNH LV IXOO\ DSSOLHG

π%UDNH
%UDNH 'UXP :HDU'DPDJH
:HDU'DPDJHρ
&KHFN WKH EUDNH GUXP DSSHDUDQFH IRU
GDPDJH &KHFN LI WKH EUDNH OLQLQJ ZHDU LV
ZLWKLQ WKH VSHFLILHG VHUYLFH OLPLW &KHFN
WKH EUDNH RSHUDWLRQ IRU DEQRUPDO QRLVH DQG
EUDNH GUXP LQVLGH IRU ZHDU RU GDPDJH
$GMXVWLQJ 1XWV

%5$.( ',6./,1,1*
π%UDNH
%UDNH 'LVN 6XUIDFH DQG %UDNH 3DG
:HDU
:HDUρ
&KHFN WKH EUDNH GLVN VXUIDFH IRU VFUDWFK
&KHFN LI WKH EUDNH SDG ZHDU LV ZLWKLQ WKH
VSHFLILHG VHUYLFH OLPLW

π%UDNH
%UDNH 'LVN 5XQ
5XQRXW ,QVSHFWLRQ
,QVSHFWLRQρ
6WDQG WKH PRWRUF\FOH ZKHHOV RII WKH JURXQG
DQG FKHFN LI WKH EUDNH GLVN UXQRXW LV ZLWKLQ
WKH VSHFLILHG VHUYLFH OLPLW

%UDNH 'LVN

%5$.( )/8,' /(9(/ ,163(&7,21


π%UDNH
%UDNH 0DVWHU &\OLQGHU )OXLG /HYHO
,QVSHFWLRQρ
,QVSHFWLRQ
7XUQ WKH VWHHULQJ KDQGOHEDU XSULJKW DQG
FKHFN LI WKH IURQW EUDNH IOXLG OHYHO LV ZLWKLQ
WKH VSHFLILHG OLPLWV WKURXJK WKH IURQW EUDNH
PDVWHU F\OLQGHU FKHFN KROH

%UDNH 0DVWHU &\OLQGHU


 ,163(&7,21 $'-8670(17
,163(&7,21$'-8670(17 /,.( 

029,1* '(9,&(
7,5(6
π7LUH
7LUH 3UHVVXUH
3UHVVXUHρ
&KHFN WKH WLUH SUHVVXUH
Ϡ 7LUH SUHVVXUH VKRXOG EH FKHFNHG ZKHQ
WLUHV DUH FROG

7LUH 3UHVVXUH RQH ULGHU


)URQW  NJFPð
)URQW
5HDU
5HDU  NJFPð

7LUH 6L]H
)URQW   
5HDU   
)URQW :KHHO

π$[OH
$[OH 1XW$[OH 6KDIW /RRVHQHVV
/RRVHQHVVρ
&KHFN WKH IURQW DQG UHDU D[OH QXWV IRU
ORRVHQHVV
,I WKH D[OH QXWV DUH ORRVH WLJKWHQ WKHP WR
WKH VSHFLILHG WRUTXHV
7RUTXHV
)URQW
)URQW ДNJP
5HDU ДNJP
5HDU

π:KHHO
:KHHO 5LP6SRNH 3ODWH 'DPDJH
'DPDJHρ
&KHFN WKH ZKHHO ULP DQG VSRNH SODWH IRU
ZHDU RU GDPDJH DQG PHDVXUH WKH ULP $[OH 1XW
UXQRXW

5HDU :KHHO

$[OH 1XW


 ,163(&7,21 $'-8670(17
,163(&7,21$'-8670(17 /,.( 

'$03,1* '(9,&(
6+2&. $%625%(56
π2LO
2LO /HDN'DPDJH
/HDN'DPDJHρ
)XOO\ DSSO\ WKH IURQW EUDNH DQG FKHFN WKH
DFWLRQ RI WKH IURQW VKRFN DEVRUEHU E\
FRPSUHVVLQJ LW VHYHUDO WLPHV
&KHFN WKH HQWLUH VKRFN DEVRUEHU DVVHPEO\
IRU ORRVHQHVV RU GDPDJH
&KHFN WKH DFWLRQ RI WKH UHDU VKRFN
DEVRUEHU E\ FRPSUHVVLQJ LW VHYHUDO WLPHV
&KHFN WKH HQWLUH VKRFN DEVRUEHU DVVHPEO\
IRU ORRVHQHVV RU GDPDJH

32:(5 '5,9( 6<67(0


75$160,66,21 &$6(
&KHFN WKH UHDU ZKHHO WUDQVPLVVLRQ FDVH
VXUURXQGLQJ DUHD IRU RLO OHDNV
6WRS WKH HQJLQH DQG UHPRYH WKH RLO FKHFN
EROW
Ϡ 3ODFH WKH PRWRUF\FOH RQ LWV PDLQ VWDQG
RQ OHYHO JURXQG

7KH JHDU RLO OHYHO VKDOO EH DW WKH RLO FKHFN


EROW KROH ,I WKH RLO OHYHO LV ORZ DGG WKH
VSHFLILHG RLO WR WKH SURSHU OHYHO
6SHFLILHG *HDU 2LO 2LO 6$( 
,QVWDOO DQG WLJKWHQ WKH RLO FKHFN EROW
7RUTXH ДNJP
7RUTXH
6WDUW WKH HQJLQH DQG FKHFN IRU RLO OHDNV

2LO &KHFN %ROW


 ,163(&7,21 $'-8670(17
,163(&7,21$'-8670(17 /,.( 

(/(&75,&$/ (48,30(17
,*1,7,21 $33$5$786 *DS :HDU DQG
)RXOLQJ 'HSRVLWV PP
π6SDUN
6SDUN 3OXJ
3OXJρ
5HPRYH WKH IUDPH FHQWHU FRYHU
5HPRYH WKH VSDUN SOXJ FDS DQG VSDUN SOXJ
&KHFN WKH VSDUN SOXJ IRU ZHDU IRXOLQJ DQG
FDUERQ GHSRVLWV
5HPRYH WKH IRXOLQJ DQG FDUERQ GHSRVLWV :DVKHU 'DPDJH
ZLWK D VSDUN SOXJ FOHDQHU RU ZLUH EUXVK &UDFNV
6SHFLILHG 6SDUN 3OXJ &UDFNV

1*.
6)-$
&5+6$

6SDUN 3OXJ *DS


*DS ДPP )DQ
π,JQLWLRQ
,JQLWLRQ $SSDUDWXV
$SSDUDWXVρ
Ϡ 7KH &', LJQLWLRQ WLPLQJ LV QRW DGMXVW
DEOH ,I WKH WLPLQJ LV LQFRUUHFW FKHFN
WKH &', XQLW LJQLWLRQ FRLO DQG $&
JHQHUDWRU DQG UHSODFH DQ\ IDXOW\ SDUWV

5HPRYH WKH ULJKW VLGH UDLO Ö


5HPRYH WKH $& JHQHUDWRU IDQ FRYHU
Ö
5HPRYH WKH WKUHH EROWV DWWDFKLQJ WKH IDQ
FRYHU DQG WKHQ UHPRYH WKH IDQ FRYHU
:DUP XS WKH HQJLQH DQG FKHFN WKH LJQLWLRQ
WLPLQJ ZLWK D WLPLQJ OLJKW

,QGH[ 0DUN
:KHQ WKH HQJLQH LV UXQQLQJ DW WKH VSHFLILHG
USP WKH LJQLWLRQ WLPLQJ LV FRUUHFW LI WKH ³)´
PDUN RQ WKH IO\ZKHHO DOLJQV ZLWK WKH LQGH[
PDUN RQ WKH FUDQNFDVH ZLWKLQ rq
,JQLWLRQ 7LPLQJ
7LPLQJ
qrq%7'&USP

) 0DUN


 ,163(&7,21 $'-8670(17
,163(&7,21$'-8670(17 /,.( 

(1*,1(
%2'< $LU 6FUHZ
π$W
$W +LJK DQG /RZ 6SHHGV
6SHHGVρ
Ϡ
7KH HQJLQH PXVW EH ZDUP IRU DFFXUDWH
LGOH VSHHG DGMXVWPHQW
$GMXVW WKH LGOH VSHHG WR WKH VSHFLILHG UDQJH
E\ WXUQLQJ WKH WKURWWOH VWRS VFUHZ DQG DLU
VFUHZ
,GOH 6SHHG
6SHHG
FF rUSP
FF rUSP

7KURWWOH 6WRS 6FUHZ

π$LU
$LU &OHDQHU
&OHDQHUρ
5HPRYH WKH DLU FOHDQHU FRYHU E\ UHPRYLQJ
WKH VHYHQ EROWV FOHDQHU FRYHU VFUHZV

6FUHZV

5HPRYH WKH DLU FOHDQHU HOHPHQW $LU &OHDQHU


 ,163(&7,21 $'-8670(17
,163(&7,21$'-8670(17 /,.( 

:DVK WKH DLU FOHDQHU HOHPHQW LQ GHWHUJHQW


RLO VTXHH]H RXW DQG DOORZ WR GU\ 6TXHH]H RXW
H[FHVV RLO GU\
Ϡ
1HYHU XVH JDVROLQH RU RUJDQLF YDSRUDEOH
RLO ZLWK DFLG RU DONDOL IRU ZDVKLQJ

$IWHU ZDVKLQJ VRDN WKH HOHPHQW LQ FOHDQ


HQJLQH RLO 6$( : DQG VTXHH]H RXW
H[FHVV RLO 5HLQVWDOO WKH HOHPHQW
:DVK
6TXHH]H 6RDN LQ RLO
RXW DQG GU\

π&\OLQGHU
&\OLQGHU &RPSUHVVLRQ
&RPSUHVVLRQρ
Ϡ :DUP XS WKH HQJLQH EHIRUH
FRPSUHVVLRQ WHVW

5HPRYH WKH VSDUN SOXJ DQG LQVHUW D


FRPSUHVVLRQ JDXJH
2SHQ WKH WKURWWOH YDOYH IXOO\ DQG SXVK WKH
VWDUWHU EXWWRQ IRU Д VHFRQGV WR WHVW WKH
FRPSUHVVLRQ
&RPSUHVVLRQ
NJFPð
,I WKH FRPSUHVVLRQ LV ORZ FKHFN IRU WKH
IROORZLQJ
x /HDNLQJ F\OLQGHU KHDG JDVNHW
x :RUQ SLVWRQF\OLQGHU
,I WKH FRPSUHVVLRQ LV KLJK LW LQGLFDWHV WKDW
FDUERQ GHSRVLWV KDYH DFFXPXODWHG RQ WKH
FRPEXVWLRQ FKDPEHU DQG WKH SLVWRQ KHDG


 ,163(&7,21 $'-8670(17
,163(&7,21$'-8670(17 /,.( 

)8(/ 6<67(0
π7KURWWOH
7KURWWOH *ULS )UHH 3OD\
3OD\ρ
0HDVXUH WKH WKURWWOH JULS IUHH SOD\
)UHH 3OD\
3OD\ ДPP

,I WKH WKURWWOH JULS IUHH SOD\ GRHV QRW IDOO


ZLWKLQ WKH VSHFLILHG UDQJH DGMXVW E\
ORRVHQLQJ WKH ORFN QXW DQG WXUQLQJ WKH /RFN 1XW
DGMXVWLQJ QXW

27+(56 $GMXVWLQJ 1XW


/,*+76
π+HDGOLJKW
+HDGOLJKW
+HDGOLJKWρ
)URQW XSSHU FRYHU UHPRYH
UHPRYH˄
˅
$GMXVW WKH KHDGOLJKW EHDP E\ ORRVHQLQJ WKH
KHDGOLJKW DGMXVWLQJ EROW DQG PRYLQJ WKH
DGMXVWLQJ EROW IRUZDUG DQG EDFNZDUG WR D
SURSHU SRVLWLRQ 7LJKWHQ WKH DGMXVWLQJ EROW

+HDGOLJKW


 /8%5,&$7,21 6<67(0 /,.( 


BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

/8%5,&$7,21 6<67(0
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6(59,&( ,1)250$7,21 


7528%/(6+227,1*  
(1*,1( 2,/2,/ ),/7(5  
2,/ 3803  


 /8%5,&$7,21 6<67(0 /,.( 

/8%5,&$7,21 6<67(0


 /8%5,&$7,21 6<67(0 /,.( 

6(59,&( ,1)250$7,21

*(1(5$/ ,16758&7,216
x 7KH PDLQWHQDQFH RI OXEULFDWLRQ V\VWHP FDQ EH SHUIRUPHG ZLWK WKH HQJLQH LQVWDOOHG LQ WKH IUDPH
x 8VH FDUH ZKHQ UHPRYLQJ DQG LQVWDOOLQJ WKH RLO SXPS QRW WR DOORZ GXVW DQG IRUHLJQ PDWWHUV WR
HQWHU WKH HQJLQH DQG RLO OLQH
x 'R QRW DWWHPSW WR GLVDVVHPEOH WKH RLO SXPS 7KH RLO SXPS PXVW EH UHSODFHG DV D VHW ZKHQ LW
UHDFKHV LWV VHUYLFH OLPLW
x $IWHU WKH RLO SXPS LV LQVWDOOHG FKHFN HDFK SDUW IRU RLO OHDNV

63(&,),&$7,216

7528%/(6+227,1*
2LO OHYHO WRR ORZ 3RRU OXEULFDWLRQ SUHVVXUH
x 1DWXUDO RLO FRQVXPSWLRQ x 2LO OHYHO WRR ORZ
x 2LO OHDNV x &ORJJHG RLO ILOWHU RU RLO SDVVDJHV
x :RUQ RU SRRUO\ LQVWDOOHG SLVWRQ ULQJV x 1RW XVH WKH VSHFLILHG RLO
x :RUQ YDOYH JXLGH RU VHDO


 /8%5,&$7,21 6<67(0 /,.( 

(1*,1( 2,/
2,/ /(9(/
Ϡ
x 3ODFH WKH PRWRUF\FOH XSULJKW RQ OHYHO
JURXQG IRU HQJLQH RLO OHYHO FKHFN
x 5XQ WKH HQJLQH IRU Д PLQXWHV DQG
FKHFN WKH RLO OHYHO DIWHU WKH HQJLQH LV
VWRSSHG IRU Д PLQXWHV

2LO 'LSVWLFN
5HPRYH WKH RLO GLSVWLFN DQG FKHFN WKH RLO
OHYHO ZLWK WKH RLO GLSVWLFN
,I WKH OHYHO LV QHDU WKH ORZHU OHYHO ILOO WR
WKH XSSHU OHYHO ZLWK WKH VSHFLILHG HQJLQH
RLO

2,/ &+$1*(
Ϡ 7KH HQJLQH RLO ZLOO GUDLQ PRUH HDVLO\
ZKLOH WKH HQJLQH LV ZDUP

5HPRYH WKH RLO ILOWHU VFUHHQ FDS ORFDWHG 2LO )LOWHU 6FUHHQ &DS
RQ WKH ERWWRP RI WKH HQJLQH WR GUDLQ WKH
HQJLQH RLO WKRURXJKO\

$IWHU WKH RLO KDV EHHQ FRPSOHWHO\


GUDLQHGFKHFN WKH ILOWHU VFUHHQ 2ULQJ IRU
GDPDJH DQG UHSODFH LI QHFHVVDU\
,QVWDOO WKH RLO ILOWHU VFUHHQ VSULQJ DQG ILOWHU
VFUHHQ FDS
7RUTXH NJP
)LOO ZLWK WKH VSHFLILHG 6$(: $3,
6*&' HQJLQH RLO WR WKH SURSHU OHYHO
2LO &DSDFLW\ $W GLVDVVHPEO\   OLWHU
$W FKDQJH   OLWHU %ROWV 3XOVHU &RLO
FF  OLWHU
&KHFN IRU RLO OHDNV DQG WKHQ VWDUW WKH
HQJLQH DQG OHW LW LGOH IRU IHZ PLQXWHV
5HFKHFN WKH RLO OHYHO

2,/ 3803
5(029$/
5HPRYH WKH $& JHQHUDWRU IO\ZKHHO
Ö
5HPRYH WKH QLQH ULJKW FUDQNFDVH FRYHU
EROWV DQG WKH ULJKW FUDQNFDVH FRYHU
6WDWRU 5LJKW &UDQNFDVH &RYHU


 /8%5,&$7,21 6<67(0 /,.( 
6WDUWHU ,GOH *HDU 6WDUWHU &OXWFK
5HPRYH WKH JDVNHW DQG GRZHO SLQV
5HPRYH WKH VWDUWHU LGOH JHDU DQG VWDUWHU
FOXWFK

*DVNHW %ROWV
5HPRYH WKH WZR EROWV DQG RLO VHSDUDWRU
FRYHU

2LO 6HSDUDWRU &RYHU 1XW


5HPRYH WKH RLO SXPS GULYHQ JHDU QXW WR
UHPRYH WKH RLO SXPS GULYHQ JHDU DQG
GULYH FKDLQ

2LO 3XPS 'ULYHQ *HDU


5HPRYH WKH RLO SXPS PRXQWLQJ WZR EROWV %ROWV
DQG WKH RLO SXPS

2LO 3XPS

 /8%5,&$7,21 6<67(0 /,.( 
3XPS %RG\
',6$66(0%/<
5HPRYH WKH VFUHZ DQG GLVDVVHPEOH WKH
RLO SXPS

6FUHZ
2XWHU 5RWRU
,163(&7,21
0HDVXUH WKH SXPS ERG\WRRXWHU URWRU
FOHDUDQFH
6HUYLFH /LPLW PP

3XPS %RG\
2XWHU 5RWRU

0HDVXUH WKH LQQHU URWRUWRRXWHU URWRU


FOHDUDQFH
6HUYLFH /LPLW PP

,QQHU 5RWRU

0HDVXUH WKH URWRU HQGWRSXPS ERG\


FOHDUDQFH
6HUYLFH /LPLW PP


 /8%5,&$7,21 6<67(0 /,.( 
,QQHU 5RWRU 6FUHZ

$66(0%/<
,QVWDOO WKH RXWHU URWRU LQQHU URWRU DQG
SXPS VKDIW LQWR WKH SXPS ERG\
Ϡ
,QVHUW WKH SXPS VKDIW E\ DOLJQLQJ WKH
IODW RQ WKH VKDIW ZLWK WKH IODW LQ WKH LQQHU
URWRU

2XWHU 5RWRU 'RZHO 3LQ 3XPS &RYHU


,QVWDOO WKH GRZHO SLQ
,QVWDOO WKH SXPS FRYHU E\ DOLJQLQJ WKH
KROH LQ WKH FRYHU ZLWK WKH GRZHO SLQ

7LJKWHQ WKH VFUHZ WR VHFXUH WKH SXPS


FRYHU
0DNH VXUH WKDW WKH SXPS VKDIW URWDWHV
IUHHO\ ZLWKRXW ELQGLQJ

2LO 3XPS 6FUHZ


$UURZ

,167$//$7,21
,QVWDOO WKH RLO SXPS LQWR WKH FUDQNFDVH

Ϡ ,QVWDOO WKH RLO SXPS ZLWK WKH DUURZ RQ


WKH SXPS ERG\ IDFLQJ XS DQG ILOO WKH RLO
SXPS ZLWK HQJLQH RLO EHIRUH %ROWV
LQVWDOODWLRQ

$IWHU WKH RLO SXPS LV LQVWDOOHG WLJKWHQ WKH


WZR PRXQWLQJ EROWV


 /8%5,&$7,21 6<67(0 /,.( 
1XW

,QVWDOO WKH SXPS GULYHQ JHDU DQG GULYH


FKDLQ E\ DOLJQLQJ WKH SXPS GULYHQ JHDU
ZLWK WKH FXWRXW LQ WKH SXPS VKDIW
,QVWDOO DQG WLJKWHQ WKH SXPS GULYHQ JHDU
QXW
7RUTXH NJP
7RUTXH

3XPS 'ULYHQ *HDU %ROWV

,QVWDOO WKH RLO VHSDUDWRU FRYHU DQG WLJKWHQ


WKH EROWV

2LO 6HSDUDWRU &RYHU


6WDUWHU ,GOH *HDU 6WDUWHU &OXWFK

,QVWDOO WKH VWDUWHU LGOH JHDU DQG VWDUWHU


FOXWFK
,QVWDOO WKH JDVNHW DQG GRZHO SLQV

*DVNHW %ROWV

,QVWDOO WKH ULJKW FUDQNFDVH FRYHU DQG


WLJKWHQ WKH QLQH EROWV
7RUTXH NJP
7RUTXH
Ϡ
'LDJRQDOO\ WLJKWHQ WKH EROWV LQ Д
WLPHV

5LJKW &UDQNFDVH &RYHU



 (1*,1( 5(029$/,167$//$7,21 /,.( 


BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

(1*,1( 5(029$/,167$//$7,21
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6(59,&( ,1)250$7,21
(1*,1( 5(029$/ 
(1*,1( ,167$//$7,21 


 (1*,1( 5(029$/,167$//$7,21 /,.( 


 (1*,1( 5(029$/,167$//$7,21 /,.( 

6(59,&( ,1)250$7,21

*(1(5$/ ,16758&7,216
x $ IORRU MDFN RU RWKHU DGMXVWDEOH VXSSRUW LV UHTXLUHG WR VXSSRUW DQG PDQHXYHU WKH HQJLQH %H
FDUHIXO QRW WR GDPDJH WKH PRWRUF\FOH ERG\ FDEOHV DQG ZLUHV GXULQJ HQJLQH UHPRYDO
x 8VH VKRS WRZHOV WR SURWHFW WKH PRWRUF\FOH ERG\ GXULQJ HQJLQH UHPRYDO
x 3DUWV UHTXLULQJ HQJLQH UHPRYDO IRU VHUYLFLQJ
&UDQNFDVH
&UDQNVKDIW

72548( 9$/8(6
(QJLQH PRXQWLQJ EROW ДNJP
5HDU VKRFN DEVRUEHU ORZHU PRXQW EROW ДNJP
(QJLQH KDQJHU EUDFNHW EROW ДNJP


 (1*,1( 5(029$/,167$//$7,21 /,.( 
$XWR %\VWDUWHU :LUH

(1*,1( 5(029$/
'LVFRQQHFW WKH EDWWHU\ QHJDWLYH FDEOH
5HPRYH WKH IUDPH ERG\ FRYHU Ö
'LVFRQQHFW WKH HQJLQH QHJDWLYH FDEOH
'LVFRQQHFW WKH VSDUN SOXJ KLJK WHQVLRQ
ZLUH
'LVFRQQHFW WKH DXWR E\VWDUWHU ZLUH
FRQQHFWRU
'LVFRQQHFW WKH $&* ZLUH FRQQHFWRU

$&* :LUH &RQQHFWRU

'LVFRQQHFW WKH VWDUWHU PRWRU FDEOH IURP


WKH VWDUWHU UHOD\
5HPRYH WKH VSDUN SOXJ FDS

'LVFRQQHFW WKH IXHO WXEH DW WKH FDUEXUHWRU 7KURWWOH &DEOH 6WDUWHU 5HOD\
VLGH
'LVFRQQHFW WKH DXWR IXHO YDOYH YDFXXP
WXEH IURP WKH WHH WXEH
'LVFRQQHFW WKH WKURWWOH FDEOH IURP WKH
FDUEXUHWRU

&RQQHFWLQJ 7XEH
/RRVHQ WKH VHFRQGDU\ DLU FOHDQHU 
$,&9 FRQQHFWLQJ WXEH EDQG FOLS DQG
UHPRYH WKH FRQQHFWLQJ WXEH

&OLS

 (1*,1( 5(029$/,167$//$7,21 /,.( 

5HPRYH WKH DLU FOHDQHU EROWV


5HPRYH WKH UHDU EUDNH DGMXVWLQJ QXW
FRQQHFWLQJ SLQ DQG UHDU EUDNH FDEOH

5HDU EUDNH DGMXVWLQJ QXW


5HPRYH WKH EDWWHU\ FRQQHFWLRQ ZLUH

:LUHU
5HPRYH WKH UHDU VKRFN DEVRUEHUV
PRXQWLQJ EROWV

5HDU 6KRFN $EVRUEHU %ROWV


%ROWV
5HPRYH WKH HQJLQH PRXQWLQJ EROW DQG
SXOO RXW WKH HQJLQH ZLWK WKH HQJLQH
KDQJHU EUDFNHW EDFNZDUG


 (1*,1( 5(029$/,167$//$7,21 /,.( 

(1*,1( +$1*(5 %5$&.(7


5(029$/
5HPRYH WKH LJQLWLRQ FRLO IURP WKH HQJLQH
KDQJHU
5HPRYH WKH HQJLQH KDQJHU EUDFNHW EROW
DQG QXW
5HPRYH WKH HQJLQH

(QJLQH

5HPRYH WKH HQJLQH KDQJHU EUDFNHW


,QVSHFW WKH HQJLQH KDQJHU EXVKLQJV DQG
VWRSSHU UXEEHUV IRU ZHDU RU GDPDJH

(1*,1( +$1*(5 %5$&.(7


,167$//$7,21 %ROW
(QJLQH +DQJHU %UDFNHW %XVKLQJV
,QVWDOO WKH HQJLQH KDQJHU EUDFNHW WR WKH
HQJLQH
,QVWDOO DQG WLJKWHQ WKH HQJLQH KDQJHU
EUDFNHW EROWV

(1*,1( ,167$//$7,21
,QVWDOO WKH HQJLQH DQG WLJKWHQ WKH HQJLQH
PRXQWLQJ EROWV
7RUTXH NJP
7RUTXH
7LJKWHQ WKH UHDU VKRFN DEVRUEHUV
PRXQWLQJ EROWV
7RUTXH 8S VLGH NJP
7RUTXH
'RZQ VLGH NJP 6WRSSHU 5XEEHUV
,QVWDOO WKH UHPRYHG SDUWV LQ WKH UHYHUVH
RUGHU RI UHPRYDO
Ϡ
7LUH SUHVVXUH VKRXOG EH FKHFNHG
ZKHQ WLUHV DUH FROG

$IWHU LQVWDOODWLRQ LQVSHFW DQG DGMXVW WKH


IROORZLQJ
x 7KURWWOH JULS IUHH SOD\ Ö
x 5HDU EUDNH DGMXVWPHQW Ö


 &</,1'(5 +($'&</,1'(53,6721 /,.( 


BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

&</,1'(5 +($'&</,1'(53,6721

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6(59,&( ,1)250$7,21 


7528%/(6+227,1*  
&$06+$)7 5(029$/ 
&</,1'(5 +($' 5(029$/  
&</,1'(5 +($' ',6$66(0%/<  
&</,1'(5 +($' $66(0%/<  
&</,1'(5 +($' ,167$//$7,21 
&</,1'(53,6721   


 &</,1'(5 +($'&</,1'(53,6721 /,.( 


 &</,1'(5 +($'&</,1'(53,6721 /,.( 

6(59,&( ,1)250$7,21
*(1(5$/ ,16758&7,216
x 7KH F\OLQGHU KHDG F\OLQGHU DQG SLVWRQ FDQ EH VHUYLFHG ZLWK WKH HQJLQH LQVWDOOHG LQ WKH IUDPH
x %HIRUH GLVDVVHPEO\ FOHDQ WKH HQJLQH WR SUHYHQW GXVW IURP HQWHULQJ WKH HQJLQH
x 5HPRYH DOO JDVNHW PDWHULDO IURP WKH PDWLQJ VXUIDFHV
x 'R QRW XVH D GULYHU WR SU\ EHWZHHQ WKH F\OLQGHU DQG F\OLQGHU KHDG F\OLQGHU DQG FUDQNFDVH
x 'R QRW GDPDJH WKH F\OLQGHU LQVLGH DQG WKH SLVWRQ VXUIDFH
x $IWHU GLVDVVHPEO\ FOHDQ WKH UHPRYHG SDUWV EHIRUH LQVSHFWLRQ :KHQ DVVHPEOLQJ DSSO\ WKH
VSHFLILHG HQJLQH RLO WR PRYDEOH SDUWV

63(&,),&$7,216 6WDQGDUG PP 6HUYLFH /LPLW PP


,WHP /,.(  /,.( 
&\OLQGHU KHDG ZDUSDJH  
3LVWRQ 2' PP IURP ERWWRP RI SLVWRQ VNLUW Д 
&\OLQGHUWR SLVWRQ FOHDUDQFH 
3LVWRQ SLQ KROH ,' Д 
3LVWRQ SLQ 2' Д 
3LVWRQWRSLVWRQ SLQ FOHDUDQFH m m
3LVWRQ ULQJ HQG JDS WRSVHFRQG Д 
&RQQHFWLQJ URG VPDOO HQG ,' Д 
&\OLQGHU ERUH Д 

72548( 9$/8(6
&\OLQGHU KHDG EROW ДNJP
([KDXVW PXIIOHU MRLQW ORFN QXW ДNJP
([KDXVW PXIIOHU ORFN EROW ДNJP
6SDUN SOXJ ДNJP

ϥ7528%/(6+227,1*
7528%/(6+227,1*
&RPSUHVVLRQ WRR ORZ KDUG VWDUWLQJ
RU SRRU SHUIRUPDQFH DW ORZ VSHHG $EQRUPDO QRLV\ SLVWRQ
x /HDNLQJ F\OLQGHU KHDG JDVNHW x :RUQ F\OLQGHU DQG SLVWRQ
x /RRVH VSDUN SOXJ x :RUQ SLVWRQ SLQ RU SLVWRQ SLQ KROH
x :RUQ VWXFN RU EURNHQ SLVWRQ DQG SLVWRQ ULQJV x :RUQ FRQQHFWLQJ URG VPDOO HQG EHDULQJ
x :RUQ RU GDPDJHG F\OLQGHU DQG SLVWRQ
&RPSUHVVLRQ WRR KLJK RYHUKHDWLQJ
RU NQRFNLQJ $EQRUPDO QRLV\ SLVWRQ ULQJV
x ([FHVVLYH FDUERQ EXLOGXS LQ F\OLQGHU KHDG x :RUQ VWXFN RU EURNHQ SLVWRQ ULQJV
RU RQ SLVWRQ KHDG x :RUQ RU GDPDJHG F\OLQGHU


 &</,1'(5 +($'&</,1'(53,6721 /,.( 
&\OLQGHU +HDG &RYHU
&$06+$)7 5(029$/
5HPRYH WKH FHQWHU FRYHU
5HPRYH WKH IRXU F\OLQGHU KHDG FRYHU
EROWV DQG VHFRQGDU\ DLU LQOHW WXEH EROWV WR
UHPRYH WKH F\OLQGHU KHDG FRYHU

%ROWV %ROWV
5HPRYH WKH FDP FKDLQ WHQVLRQHU FDS
2ULQJ
VFUHZ DQG WKH 2ULQJ

7XUQ WKH FDP FKDLQ WHQVLRQHU VFUHZ


FORFNZLVH WR WLJKWHQ LW 7HQVLRQHU 6FUHZ

7XUQ WKH IO\ZKHHO FRXQWHUFORFNZLVH VR &DPVKDIW *HDU


WKDW WKH ³7´ PDUN RQ WKH IO\ZKHHO DOLJQV
ZLWK WKH LQGH[ PDUN RQ WKH FUDQNFDVH WR
EULQJ WKH URXQG KROH RQ WKH FDPVKDIW JHDU
IDFLQJ XS WR WKH WRS GHDG FHQWHU RQ WKH
FRPSUHVVLRQ VWURNH

5RXQG +ROH
3XQFK 0DUNV


 &</,1'(5 +($'&</,1'(53,6721 /,.( 
&DPVKDIW %HDULQJV
5HPRYH WKH IRXU F\OLQGHU KHDG QXWV DQG
ZDVKHUV

Ϡ 'LDJRQDOO\ ORRVHQ WKH F\OLQGHU KHDG


QXWV LQ  RU  WLPHV

PP %ROW 5RFNHU $UP

5HPRYH WKH FDPVKDIW KROGHU DQG GRZHO


SLQV

&DPVKDIW +ROGHU 5RFNHU $UP 6KDIW


5HPRYH WKH FDPVKDIW JHDU IURP WKH FDP
FKDLQ DQG UHPRYH WKH FDPVKDIW

&$06+$)7 ,163(&7,21
&KHFN HDFK FDP OREH IRU ZHDU RU
GDPDJH
0HDVXUH WKH FDP OREH KHLJKW
6HUYLFH /LPLWV
 FF
,1  PP UHSODFH LI EHORZ
(; PP UHSODFH LI EHORZ
 FF
,1  PP UHSODFH LI EHORZ
(;  PP UHSODFH LI EHORZ

5RFNHU $UP 6KDIWV


 &</,1'(5 +($'&</,1'(53,6721 /,.( 

,QWDNH 0DQLIROG
&</,1'(5 +($' 5(029$/
5HPRYH WKH FDPVKDIW Ö
5HPRYH WKH FDUEXUHWRU Ö
5HPRYH WKH H[KDXVW PXIIOHU
5HPRYH WKH FDUEXUHWRU LQWDNH PDQLIROG

5HPRYH WKH FRROLQJ IDQ FRYHU


5HPRYH WKH HQJLQH FRYHU EROWV DQG
VFUHZV
6HSDUDWH WKH HQJLQH FRYHU MRLQW FODZV


 &</,1'(5 +($'&</,1'(53,6721 /,.( 
&\OLQGHU +HDG
5HPRYH WKH WZR F\OLQGHU KHDG EROWV
5HPRYH WKH F\OLQGHU KHDG

%ROWV
'RZHO 3LQV &\OLQGHU +HDG *DVNHW
5HPRYH WKH GRZHO SLQV DQG F\OLQGHU
KHDG JDVNHW
5HPRYH WKH FDP FKDLQ JXLGH

5HPRYH DOO JDVNHW UHPQDQWV IURP WKH &DP &KDLQ *XLGH


F\OLQGHU VXUIDFH
Ϡ
x $YRLG GDPDJLQJ WKH F\OLQGHU FRQWDFW
VXUIDFH
x %H FDUHIXO QRW WR GURS DQ\ JDVNHW
UHPQDQWV LQWR WKH HQJLQH¡

&</,1'(5 +($' ',6$66(0%/< 9DOYH 6SULQJ &RPSUHVVRU


5HPRYH WKH YDOYH VSULQJ FRWWHUV
UHWDLQHUV
VSULQJV VSULQJ VHDWV DQG YDOYH VWHP
VHDOV
XVLQJ D YDOYH VSULQJ FRPSUHVVRU
Ϡ
x %H VXUH WR FRPSUHVV WKH YDOYH VSULQJV
ZLWK D YDOYH VSULQJ FRPSUHVVRU
x 0DUN DOO GLVDVVHPEOHG SDUWV WR HQVXUH
FRUUHFW UHDVVHPEOH¡ ¡
9DOYH 6SULQJ &RPSUHVVRU $WWDFKPHQW
9DOYH 6SULQJ &RPSUHVVRU
9DOYH 6SULQJ &RPSUHVVRU $WWDFKPHQW


 &</,1'(5 +($'&</,1'(53,6721 /,.( 

5HPRYH FDUERQ GHSRVLWV IURP WKH


FRPEXVWLRQ FKDPEHU
&OHDQ RII DQ\ JDVNHW UHPQDQWV IURP WKH
F\OLQGHU KHDG FRQWDFW VXUIDFH

Ϡ %H FDUHIXO QRW WR GDPDJH WKH F\OLQGHU


KHDG PDWLQJ VXUIDFH

,163(&7,21
&</,1'(5 +($'
&KHFN WKH VSDUN SOXJ KROH DQG YDOYH KROH
DUHDV IRU FUDFNV
&KHFN WKH F\OLQGHU KHDG IRU ZDUSDJH ZLWK
D VWUDLJKW HGJH DQG IHHOHU JDXJH
6HUYLFH /LPLW
/LPLW PP UHSDLU RU UHSODFH
LI RYHU

9$/9( 635,1* )5(( /(1*7+


0HDVXUH WKH IUHH OHQJWK RI WKH LQQHU DQG
RXWHU YDOYH VSULQJV
6HUYLFH /LPLWV
/LPLWV
,QQHU  PP UHSODFH LI EHORZ
2XWHU  PP UHSODFH LI EHORZ

9$/9( 9$/9( *8,'(


,QVSHFW HDFK YDOYH IRU EHQGLQJ EXUQLQJ
RU DEQRUPDO VWHP ZHDU
&KHFN YDOYH PRYHPHQW LQ WKH JXLGH
0HDVXUH HDFK YDOYH VWHP 2'
6HUYLFH /LPLWV
/LPLWV ,1  PP UHSODFH LI
EHORZ
(; PP UHSODFH LI EHORZ


 &</,1'(5 +($'&</,1'(53,6721 /,.( 

&</,1'(5 +($' $66(0%/<


,QVWDOO WKH YDOYH VSULQJ VHDWV DQG YDOYH
VWHP VHDOV
/XEULFDWH HDFK YDOYH VWHP ZLWK HQJLQH RLO
DQG LQVHUW WKH YDOYHV LQWR WKH YDOYH
JXLGHV
%H VXUH WR LQVWDOO QHZ YDOYH VWHP VHDOV
7DS WKH YDOYH VWHPV JHQWO\ ZLWK D SODVWLF
KDPPHU IRU Д WLPHV WR ILUPO\ VHDW WKH
FRWWHUV
Ϡ 'RZHO 3LQV *DVNHW
%H FDUHIXO QRW WR GDPDJH WKH YDOYHV

&</,1'(5 +($' ,167$//$7,21


,QVWDOO WKH GRZHO SLQV DQG D QHZ F\OLQGHU
KHDG JDVNHW
,QVWDOO WKH FDP FKDLQ JXLGH

&DP &KDLQ *XLGH

,QVWDOO WKH F\OLQGHU KHDG

&\OLQGHU +HDG
&$06+$)7 +2/'(5 $66(0%/<
&DPVKDIW +ROGHU
,QVWDOO WKH H[KDXVW YDOYH URFNHU DUP WR
WKH ³(;´ PDUN VLGH RI WKH FDPVKDIW
KROGHU
,QVWDOO WKH LQWDNH YDOYH URFNHU DUP DQG
WKH URFNHU DUP VKDIWV
Ϡ
x $OLJQ WKH FXWRXW RQ WKH IURQW HQG RI
WKH
LQWDNH YDOYH URFNHU DUP VKDIW ZLWK WKH
EROW RI WKH FDPVKDIW KROGHU
x $OLJQ WKH FURVV FXWRXW RQ WKH H[KDXVW
YDOYH URFNHU DUP VKDIW ZLWK WKH EROW RI
WKH FDPVKDIW KROGHU¡ 9DOYH 5RFNHU $UP


 &</,1'(5 +($'&</,1'(53,6721 /,.( 

&DP &KDLQ &DPVKDIW *HDU


&$06+$)7 ,167$//$7,21
7XUQ WKH IO\ZKHHO VR WKDW WKH ³7´ PDUN RQ
WKH IO\ZKHHO DOLJQV ZLWK WKH LQGH[ PDUN
RQ WKH FUDQNFDVH
.HHS WKH URXQG KROH RQ WKH FDPVKDIW
JHDU IDFLQJ XS DQG DOLJQ WKH SXQFK PDUNV
RQ WKH FDPVKDIW JHDU ZLWK WKH F\OLQGHU
KHDG VXUIDFH 3RVLWLRQ WKH LQWDNH DQG
H[KDXVW FDP OREHV GRZQ DQG LQVWDOO WKH
FDPVKDIW RQWR WKH F\OLQGHU KHDG
,QVWDOO WKH FDP FKDLQ RYHU WKH FDPVKDIW 5RXQG +ROH 3XQFK 0DUNV
JHDU 'RZHO 3LQV

,QVWDOO WKH GRZHO SLQV

,QVWDOO WKH FDPVKDIW KROGHU ZDVKHUV DQG


QXWV RQ WKH F\OLQGHU KHDG
7LJKWHQ WKH IRXU F\OLQGHU KHDG QXWV DQG &DPVKDIW +ROGHU
WZR EROWV
7RUTXH &\OLQGHU KHDG QXW NJP
Ϡ
x $SSO\ HQJLQH RLO WR WKH WKUHDGV RI WKH
F\OLQGHU KHDG QXWV
x 'LDJRQDOO\ WLJKWHQ WKH F\OLQGHU KHDG
QXWV LQ Д WLPHV

1XW
:DVKHU
7HQVLRQHU 6FUHZ
$GMXVW WKH YDOYH FOHDUDQFH Ö
7XUQ WKH FDP FKDLQ WHQVLRQ VFUHZ
FRXQWHUFORFNZLVH WR UHOHDVH LW


 &</,1'(5 +($'&</,1'(53,6721 /,.( 

2ULQJ

$SSO\ HQJLQH RLO WR D QHZ 2ULQJ DQG


LQVWDOO LW
7LJKWHQ WKH FDP FKDLQ WHQVLRQ FDS VFUHZ

Ϡ
%H VXUH WR LQVWDOO WKH 2ULQJ LQWR WKH
JURRYH SURSHUO\

&\OLQGHU +HDG &RYHU

,QVWDOO D QHZ F\OLQGHU KHDG FRYHU JDVNHW


DQG LQVWDOO WKH F\OLQGHU KHDG FRYHU
,QVWDOO DQG WLJKWHQ WKH F\OLQGHU KHDG
FRYHU EROWV

Ϡ
%H VXUH WR LQVWDOO WKH JDVNHW LQWR WKH
JURRYH SURSHUO\


 &</,1'(5 +($'&</,1'(53,6721 /,.( 

%ROW
&</,1'(53,6721
&</,1'(5 5(029$/
7XUQ WKH FDP FKDLQ WHQVLRQ VFUHZ
FORFNZLVH WR WLJKWHQ LW
5HPRYH WKH WZR EROWV RQ WKH FDP FKDLQ
WHQVLRQ

&\OLQGHU

5HPRYH WKH F\OLQGHU KHDG


5HPRYH WKH FDP FKDLQ JXLGH
5HPRYH WKH F\OLQGHU EDVH EROWV
5HPRYH WKH F\OLQGHU

'RZHO 3LQV
5HPRYH WKH F\OLQGHU JDVNHW DQG GRZHO
SLQV
&OHDQ DQ\ JDVNHW UHPQDQW IURP WKH
F\OLQGHU VXUIDFH

3LVWRQ

3,6721 5(029$/
5HPRYH WKH SLVWRQ SLQ FOLS
Ϡ 3ODFH D FOHDQ VKRS WRZHO LQ WKH
FUDQNFDVH WR NHHS WKH SLVWRQ SLQ FOLS
IURP IDOOLQJ LQWR WKH FUDQNFDVH

3UHVV WKH SLVWRQ SLQ RXW RI WKH SLVWRQ DQG


UHPRYH WKH SLVWRQ

3LVWRQ 5LQJV


 &</,1'(5 +($'&</,1'(53,6721 /,.( 

,QVSHFW WKH SLVWRQ SLVWRQ SLQ DQG SLVWRQ


ULQJV
5HPRYH WKH SLVWRQ ULQJV
Ϡ 7DNH FDUH QRW WR GDPDJH RU EUHDN WKH
SLVWRQ ULQJV GXULQJ UHPRYDO
&OHDQ FDUERQ GHSRVLWV IURP WKH SLVWRQ
ULQJ JURRYHV

,QVWDOO WKH SLVWRQ ULQJV RQWR WKH SLVWRQ


DQG PHDVXUH WKH SLVWRQ ULQJWRJURRYH
FOHDUDQFH
6HUYLFH /LPLWV
/LPLWV 7RS
7RS PP UHSODFH LI
RYHU
QG PP UHSODFH LI
QG
RYHU

5HPRYH WKH SLVWRQ ULQJV DQG LQVHUW HDFK


SLVWRQ ULQJ LQWR WKH F\OLQGHU ERWWRP
Ϡ
8VH WKH SLVWRQ KHDG WR SXVK HDFK
SLVWRQ ULQJ LQWR WKH F\OLQGHU

0HDVXUH WKH SLVWRQ ULQJ HQG JDS


6HUYLFH /LPLW
/LPLW PP UHSODFH LI RYHU

0HDVXUH WKH SLVWRQ SLQ KROH ,'


6HUYLFH /LPLW
/LPLW PP UHSODFH LI RYHU
FF PP UHSODFH LI RYHU


 &</,1'(5 +($'&</,1'(53,6721 /,.( 
RYHU

0HDVXUH WKH SLVWRQ SLQ 2'


6HUYLFH /LPLW
/LPLW PP UHSODFH LI EHORZ
FF PP UHSODFH LI EHORZ

0HDVXUH WKH SLVWRQ 2'


Ϡ 7DNH PHDVXUHPHQW DW PP IURP WKH
ERWWRP DQG e WR WKH SLVWRQ SLQ KROH
FF 6HUYLFH /LPLW
/LPLW PP UHSODFH LI
EHORZ
FF 6HUYLFH /LPLW
/LPLW PP UHSODFH LI
EHORZ
0HDVXUH WKH SLVWRQWRSLVWRQ SLQ
FOHDUDQFH
6HUYLFH /LPLW
/LPLW PP UHSODFH LI RYHU

&</,1'(5 ,163(&7,21
,QVSHFW WKH F\OLQGHU ERUH IRU ZHDU RU
GDPDJH
0HDVXUH WKH F\OLQGHU ,' DW WKUHH OHYHOV
RI WRS PLGGOH DQG ERWWRP DW e WR WKH
SLVWRQ SLQ LQ ERWK ; DQG < GLUHFWLRQV 
FF 6HUYLFH /LPLW
/LPLW PP UHSDLU
RU UHSODFH LI RYHU
FF 6HUYLFH /LPLW
/LPLW PP UHSDLU
RU UHSODFH LI RYHU
0HDVXUH WKH F\OLQGHUWRSLVWRQ FOHDUDQFH

7KH WUXH URXQGQHVV LV WKH GLIIHUHQFH


EHWZHHQ WKH YDOXHV PHDVXUHG LQ ; DQG <
GLUHFWLRQV
7KH F\OLQGULFLW\ GLIIHUHQFH EHWZHHQ WKH
YDOXHV PHDVXUHG DW WKH WKUHH OHYHOV LV
VXEMHFW WR WKH PD[LPXP YDOXH FDOFXODWHG
6HUYLFH /LPLWV
/LPLWV
7UXH 5RXQGQHVV
5RXQGQHVV PP UHSDLU RU
UHSODFH LI RYHU
&\OLQGULFLW\ PP UHSDLU RU UHSODFH LI
&\OLQGULFLW\

 &</,1'(5 +($'&</,1'(53,6721 /,.( 

,QVSHFW WKH WRS RI WKH F\OLQGHU IRU


ZDUSDJH
6HUYLFH /LPLW
/LPLW PP UHSDLU RU UHSODFH
LI RYHU

0HDVXUH WKH FRQQHFWLQJ URG VPDOO HQG


,'
6HUYLFH /LPLW
/LPLW PP UHSODFH LI RYHU
FF PP UHSODFH LI RYHU

3,6721 5,1* ,167$//$7,21


,QVWDOO WKH SLVWRQ ULQJV RQWR WKH SLVWRQ
$SSO\ HQJLQH RLO WR HDFK SLVWRQ ULQJ

Ϡ
x %H FDUHIXO QRW WR GDPDJH RU EUHDN
WKH
SLVWRQ DQG SLVWRQ ULQJV
x $OO ULQJV VKRXOG EH LQVWDOOHG ZLWK WKH
PDUNLQJV IDFLQJ XS
x $IWHU LQVWDOOLQJ WKH ULQJV WKH\ VKRXOG
URWDWH IUHHO\ ZLWKRXW VWLFNLQJ


 &</,1'(5 +($'&</,1'(53,6721 /,.( 

3,6721 ,167$//$7,21
5HPRYH DQ\ JDVNHW UHPQDQW IURP WKH
FUDQNFDVH VXUIDFH

Ϡ %H FDUHIXO QRW WR GURS IRUHLJQ PDWWHUV


LQWR WKH FUDQNFDVH

3LVWRQ 3LQ
3LVWRQ

,QVWDOO WKH SLVWRQ SLVWRQ SLQ DQG D QHZ


SLVWRQ SLQ FOLS

Ϡ
x 3RVLWLRQ WKH SLVWRQ ³,1´ PDUN RQ WKH
LQWDNH YDOYH VLGH
x 3ODFH D FOHDQ VKRS WRZHO LQ WKH
FUDQNFDVH WR NHHS WKH SLVWRQ SLQ FOLS 3LVWRQ 3LQ &OLS
IURP IDOOLQJ LQWR WKH FUDQNFDVH¡
&\OLQGH
U

&</,1'(5 ,167$//$7,21
,QVWDOO WKH GRZHO SLQV DQG D QHZ F\OLQGHU
JDVNHW RQ WKH FUDQNFDVH
&RDW WKH F\OLQGHU ERUH SLVWRQ DQG SLVWRQ
ULQJV ZLWK FOHDQ HQJLQH RLO
&DUHIXOO\ ORZHU WKH F\OLQGHU RYHU WKH
SLVWRQ E\ FRPSUHVVLQJ WKH SLVWRQ ULQJV
%ROWV
Ϡ x %H FDUHIXO QRW WR GDPDJH RU EUHDN
WKH SLVWRQ ULQJV
x 6WDJJHU WKH ULQJ HQG JDSV DW e
WR WKH SLVWRQ SLQ

/RRVHO\ LQVWDOO WKH F\OLQGHU EDVH EROWV


,QVWDOO WKH FDP FKDLQ JXLGH
,QVWDOO WKH FDP FKDLQ WHQVLRQ
7LJKWHQ WKH FDP FKDLQ WHQVLRQ EROWV


 $& *(1(5$725 /,.( 

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

$& *(1(5$725
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6(59,&( ,1)250$7,21
$& *(1(5$725 5(029$/ 
$& *(1(5$725 ,167$//$7,21 


 $& *(1(5$725 /,.( 


 $& *(1(5$725 /,.( 

6(59,&( ,1)250$7,21

*(1(5$/ ,16758&7,216
x $OO $& JHQHUDWRU PDLQWHQDQFH DQG LQVSHFWLRQ FDQ EH PDGH ZLWK WKH HQJLQH LQVWDOOHG
x 5HIHU WR 6HFWLRQ  IRU $& JHQHUDWRU LQVSHFWLRQ

72548( 9$/8(
)O\ZKHHO QXW  ДNJP

63(&,$/ 722/6
)O\ZKHHO SXOOHU
8QLYHUVDO KROGHU


 $& *(1(5$725 /,.( 

&RROLQJ )DQ
$& *(1(5$725
5(029$/
5HPRYH WKH UHDU ULJKW VLGH FRYHU Ö
5HPRYH WKH IRXU EROWV DWWDFKLQJ WKH FRROLQJ
IDQ FRYHU WR UHPRYH WKH IDQ FRYHU

5HPRYH WKH FRROLQJ IDQ E\ UHPRYLQJ WKH


FRROLQJ IDQ DWWDFKLQJ IRXU EROWV
%ROWV
8QLYHUVDO +ROGHU

+ROG WKH IO\ZKHHO ZLWK DQ XQLYHUVDO KROGHU


5HPRYH WKH IO\ZKHHO QXW

5HPRYH WKH $& JHQHUDWRU IO\ZKHHO XVLQJ


WKH IO\ZKHHO SXOOHU
5HPRYH WKH ZRRGUXII NH\

)O\ZKHHO 3XOOHU


 $& *(1(5$725 /,.( 

5HPRYH WKH $& JHQHUDWRU ZLUH FRQQHFWRU

5HPRYH WKH $& JHQHUDWRU ZLUH VHW SODWH :LUH 6HW 3ODWH
5HPRYH WKH SXOVHU FRLO EROWV
5HPRYH WKH $& JHQHUDWRU ZLUH UXEEHU
VOHHYH DQG SXOVHU FRLO IURP WKH ULJKW
FUDQNFDVH
5HPRYH WKH WZR EROWV DQG $& JHQHUDWRU
VWDWRU

,167$//$7,21 %ROWV
,QVWDOO WKH $& JHQHUDWRU VWDWRU DQG SXOVHU 6WDWRU
FRLO RQWR WKH ULJKW FUDQNFDVH
7LJKWHQ WKH VWDWRU DQG SXOVHU FRLO EROWV
7RUTXHV 3XOVHU &RLO  NJP
6WDWRU  NJP
,QVWDOO WKH $& JHQHUDWRU ZLUH UXEEHU VOHHYH
DQG $& JHQHUDWRU ZLUH VHW SODWH

3XOVHU &RLO 6HW 3ODWH


:RRGUXII .H\
&RQQHFW WKH $& JHQHUDWRU ZLUH FRQQHFWRU
&OHDQ WKH WDSHU KROH LQ WKH IO\ZKHHO RII DQ\
EXUUV DQG GLUW
,QVWDOO WKH ZRRGUXII NH\ LQ WKH FUDQNVKDIW
NH\ZD\


 $& *(1(5$725 /,.( 
8QLYHUVDO +ROGHU
,QVWDOO WKH IO\ZKHHO RQWR WKH FUDQNVKDIW ZLWK
WKH IO\ZKHHO KROH DOLJQHG ZLWK WKH FUDQNVKDIW
ZRRGUXII NH\

,QVWDOO WKH FRROLQJ IDQ &RROLQJ )DQ

%ROWV

)DQ &RYHU
,QVWDOO WKH IDQ FRYHU
,QVWDOO WKH UHDU ULJKW VLGH FRYHU Ö


 $& *(1(5$725 /,.( 


 .,&. 67$57(5'5,9( 38//(<
/,.( 
&/87&+'5,9(1 38//(<


BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

.,&. 67$57(5'5,9( 38//(<


&/87&+'5,9(1 38//(<
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6(59,&( ,1)250$7,21  


7528%/(6+227,1* 
/()7 &5$1.&$6( &29(5 
'5,9( 38//(<  
&/87&+'5,9(1 38//(< 
.,&. 67$57(5 


 .,&. 67$57(5'5,9( 38//(<
&/87&+'5,9(1 38//(< /,.( 


 .,&. 67$57(5'5,9( 38//(<
/,.( 
&/87&+'5,9(1 38//(<

6(59,&( ,1)250$7,21

*(1(5$/ ,16758&7,216
x $YRLG JHWWLQJ JUHDVH DQG RLO RQ WKH GULYH EHOW DQG SXOOH\ IDFHV

63(&,),&$7,216 /,.( 


,WHP 6WDQGDUG PP 6HUYLFH /LPLW PP
'ULYH SXOOH\ FROODU 2' Д 
0RYDEOH GULYH IDFH ,' Д 
:HLJKW UROOHU 2'  
&OXWFK RXWHU ,' Д 
'ULYHQ IDFH VSULQJ IUHH OHQJWK  
'ULYHQ IDFH 2' Д 
0RYDEOH GULYHQ IDFH ,' Д 
'ULYH EHOW ZLGWK  

72548( 9$/8(6
'ULYH IDFH QXW ДNJP
&OXWFK RXWHU QXW ДNJP
&OXWFK GULYH SODWH QXW ДNJP

63(&,$/ 722/6
/RFN QXW ZUHQFK PP 8QLYHUVDO KROGHU
&OXWFK VSULQJ FRPSUHVVRU /RFN QXW VRFNHW ZUHQFK PP
%HDULQJ RXWHU GULYHU [PP %HDULQJ GULYHU SLORW PP
2QHZD\ FOXWFK SXOOHU 2XWHU GULYHU [PP

7528%/(6+227,1*
3RRU SHUIRUPDQFH DW KLJK VSHHG RU
ZRQµµW PRYH
(QJLQH VWDUWV EXW PRWRUF\FOH ZRQ ODFN RI SRZHU
x :RUQ GULYH EHOW x :RUQ GULYH EHOW
x %URNHQ UDPS SODWH x :HDN GULYHQ IDFH VSULQJ
x :RUQ RU GDPDJHG FOXWFK OLQLQJ x :RUQ ZHLJKW UROOHU
x )DXOW\ GULYHQ IDFH

(QJLQH VWDOOV RU PRWRUF\FOH FUHHSV


x %URNHQ FOXWFK ZHLJKW VSULQJ


 .,&. 67$57(5'5,9( 38//(<
&/87&+'5,9(1 38//(< /,.( 

6WHS
/()7 &5$1.&$6( &29(5
5(029$/
5HPRYH WKH EDU DVVHPEO\ ULJKW UHDU VWHS

/HIW &UDQNFDVH &RYHU


5HPRYH WKH OHIW FUDQNFDVH FRYHU EROWV
DQG OHIW FUDQNFDVH FRYHU
5HPRYH WKH VHDO UXEEHU DQG GRZHO SLQV

'5,9( 38//(< %ORWV 'ULYH 3XOOH\ )DFH


5(029$/ 6WDUWLQJ 5DWFKHW
+ROG WKH GULYH SXOOH\ XVLQJ DQ XQLYHUVDO
KROGHU DQG UHPRYH WKH GULYH IDFH QXW DQG
VWDUWLQJ UDWFKHW
5HPRYH WKH GULYH SXOOH\ IDFH
6SHFLDO
8QLYHUVDO +ROGHU

&/87&+'5,9(1 38//(<
5HPRYH WKH GULYH SXOOH\ DQG GULYH EHOW
+ROG WKH FOXWFK RXWHU ZLWK WKH IO\ZKHHO 8QLYHUVDO +ROGHU
KROGHU DQG UHPRYH WKH FOXWFK RXWHU QXW &OXWFK 2XWHU
5HPRYH WKH FOXWFK RXWHU
5HPRYH WKH FOXWFKGULYHQ SXOOH\ DQG
GULYH EHOW
6SHFLDO
)O\ZKHHO +ROGHU

)O\ZKHHO +ROGHU


 .,&. 67$57(5'5,9( 38//(<
/,.( 
&/87&+'5,9(1 38//(<

,163(&7,21
&KHFN WKH GULYH EHOW IRU FUDFNV
VHSDUDWLRQ RU
DEQRUPDO RU H[FHVVLYH ZHDU
0HDVXUH WKH GULYH EHOW ZLGWK
6HUYLFH /LPLW
/LPLW PP UHSODFH LI EHORZ
FF PP UHSODFH LI EHORZ
Ϡ 8VH VSHFLILHG JHQXLQH SDUWV IRU
UHSODFHPHQW 'ULYH 3XOOH\ &ROODU

5HPRYH WKH PRYDEOH GULYH IDFH DVVHPEO\


5HPRYH WKH GULYH SXOOH\ FROODU

0RYDEOH 'ULYH )DFH $VVHPEO\


5DPS 3ODWH

',6$66(0%/<
5HPRYH WKH UDPS SODWH

:HLJKW 5ROOHUV

5HPRYH WKH ZHLJKW UROOHUV


 .,&. 67$57(5'5,9( 38//(<
&/87&+'5,9(1 38//(< /,.( 

,163(&7,21
&KHFN HDFK ZHLJKW UROOHU IRU ZHDU RU
GDPDJH
0HDVXUH HDFK ZHLJKW UROOHU 2'
6HUYLFH /LPLW
/LPLW PP UHSODFH LI EHORZ
FF PP UHSODFH LI EHORZ

0HDVXUH WKH PRYDEOH GULYH IDFH EXVKLQJ


,'
6HUYLFH /LPLW
/LPLW PP UHSODFH LI RYHU

&KHFN WKH GULYH SXOOH\ EXVKLQJ IRU ZHDU


RU GDPDJH
0HDVXUH WKH 2' RI WKH GULYH SXOOH\
EXVKLQJ VOLGLQJ VXUIDFH
6HUYLFH /LPLW
/LPLW PP UHSODFH LI EHORZ


 .,&. 67$57(5'5,9( 38//(<
/,.( 
&/87&+'5,9(1 38//(<

$66(0%/<

,QVWDOO WKH ZHLJKW UROOHUV LQWR WKH PRYDEOH


GULYH IDFH

:HLJKW 5ROOHU
5DPS 3ODWH
,QVWDOO WKH UDPS SODWH


 .,&. 67$57(5'5,9( 38//(<
&/87&+'5,9(1 38//(< /,.( 
'ULYH 3XOOH\ &ROODU

,QVHUW WKH GULYH SXOOH\ FROODU LQWR WKH


PRYDEOH GULYH IDFH

,167$//$7,21
,QVWDOO WKH PRYDEOH GULYH IDFH RQWR WKH
FUDQNVKDIW

0RYDEOH 'ULYH )DFH $VVHPEO\

,163(&7,21
,QVSHFW WKH FOXWFK RXWHU IRU ZHDU RU
GDPDJH
0HDVXUH WKH FOXWFK RXWHU ,'
6HUYLFH /LPLW
/LPLW PP UHSODFH LI RYHU
FF PP UHSODFH LI RYHU

&OXWFK

&/87&+'5,9(1 38//(<
',6$66(0%/<

'ULYHQ 3XOOH\


 .,&. 67$57(5'5,9( 38//(<
/,.( 
&/87&+'5,9(1 38//(<
&OXWFK 6SULQJ &RPSUHVVRU
+ROG WKH FOXWFKGULYHQ SXOOH\ DVVHPEO\
ZLWK WKH FOXWFK VSULQJ FRPSUHVVRU
Ϡ
%H VXUH WR XVH D FOXWFK VSULQJ
FRPSUHVVRU WR DYRLG VSULQJ GDPDJH

6SHFLDO
&OXWFK 6SULQJ &RPSUHVVRU
6HW WKH FOXWFK VSULQJ FRPSUHVVRU LQ D
YLVH DQG UHPRYH WKH FOXWFK GULYH SODWH
QXW /RFN 1XW :UHQFK

6SHFLDO
/RFN 1XW :UHQFK PP
/RRVHQ WKH FOXWFK VSULQJ FRPSUHVVRU DQG
GLVDVVHPEOH WKH FOXWFKGULYHQ SXOOH\
DVVHPEO\
5HPRYH WKH VHDO FROODU

&KHFN WKH GULYHQ IDFH IRU ZHDU RU


GDPDJH
0HDVXUH WKH FOXWFK OLQLQJ WKLFNQHVV
6HUYLFH /LPLW
/LPLW PP UHSODFH LI EHORZ

2ULQJ *XLGH 5ROOHU 3LQ

3XOO RXW WKH JXLGH UROOHU SLQV DQG JXLGH


UROOHUV
5HPRYH WKH PRYDEOH GULYHQ IDFH IURP
WKH GULYHQ IDFH

0RYDEOH 'ULYHQ )DFH


 .,&. 67$57(5'5,9( 38//(<
&/87&+'5,9(1 38//(< /,.( 

2LO 6HDO
5HPRYH WKH RLO VHDO IURP WKH PRYDEOH
GULYHQ IDFH

,163(&7,21
0HDVXUH WKH GULYHQ IDFH VSULQJ IUHH
OHQJWK
6HUYLFH /LPLW
/LPLW PP UHSODFH LI EHORZ
FF PP UHSODFH LI EHORZ

&KHFN WKH GULYHQ IDFH IRU ZHDU RU


GDPDJH
0HDVXUH WKH GULYHQ IDFH 2'
6HUYLFH /LPLW
/LPLW PP UHSODFH LI EHORZ

&KHFN WKH PRYDEOH GULYHQ IDFH IRU ZHDU


RU GDPDJH
0HDVXUH WKH PRYDEOH GULYHQ IDFH ,'
6HUYLFH /LPLW
/LPLW PP UHSODFH LI RYHU


 .,&. 67$57(5'5,9( 38//(<
/,.( 
&/87&+'5,9(1 38//(<
¡ ,QQHU
'5,9(1 38//(< )$&( %($5,1*
%HDULQJ
5(3/$&(0(17
'ULYH WKH LQQHU QHHGOH EHDULQJ RXW RI WKH
GULYHQ SXOOH\ IDFH
Ϡ 'LVFDUG WKH UHPRYHG EHDULQJ DQG
UHSODFH ZLWK D QHZ RQH

5HPRYH WKH VQDS ULQJ DQG GULYH WKH RXWHU


EHDULQJ RXW RI WKH GULYHQ IDFH
Ϡ 'LVFDUG WKH UHPRYHG EHDULQJ DQG 2XWHU %HDULQJ
UHSODFH ZLWK D QHZ RQH
$SSO\ JUHDVH WR WKH RXWHU EHDULQJ
'ULYH D QHZ RXWHU EHDULQJ LQWR WKH GULYHQ
IDFH ZLWK WKH VHDOHG HQG IDFLQJ XS

6SHFLDO
%HDULQJ 'ULYHU

6HDW WKH VQDS ULQJ LQ LWV JURRYH


$SSO\ JUHDVH WR WKH GULYHQ IDFH ERUH
DUHDV
Ϡ
3DFN DOO EHDULQJ FDYLWLHV ZLWK ДJ
JUHDVH
6SHFLILHG JUHDVH +HDW UHVLVWDQFH
e&

3UHVV D QHZ QHHGOH EHDULQJ LQWR WKH


GULYHQ IDFH
6SHFLDO
%HDULQJ 'ULYHU 5HWDLQHU 3ODWH
3LORW PP

&/87&+ ',6$66(0%/<
5HPRYH WKH FLUFOLSV DQG UHWDLQHU SODWH WR
GLVDVVHPEOH WKH FOXWFK

Ϡ
.HHS JUHDVH RII WKH FOXWFK OLQLQJV
&OXWFK /LQLQJ &LUFOLS


 .,&. 67$57(5'5,9( 38//(<
&/87&+'5,9(1 38//(< /,.( 

&/87&+  '5,9(1 38//(< $66(0%/<


 .,&. 67$57(5'5,9( 38//(<
/,.( 
&/87&+'5,9(1 38//(<
5HWDLQHU 3ODWH &OXWFK :HLJKWV6KRHV
,QVWDOO WKH GDPSHU UXEEHUV RQ WKH GULYH
SODWH SLQV
,QVWDOO WKH FOXWFK ZHLJKWVVKRHV DQG
FOXWFK VSULQJV RQWR WKH GULYH SODWH
,QVWDOO WKH UHWDLQHU SODWH DQG VHFXUH ZLWK
WKH FLUFOLSV

&LUFOLS 'ULYH 3ODWH


0RYDEOH 'ULYHQ )DFH

&/87&+'5,9(1 38//(< $66(0%/<


&OHDQ WKH GULYHQ SXOOH\ IDFHV DQG UHPRYH
DQ\ JUHDVH IURP WKHP
,QVWDOO WKH RLO VHDO RQWR WKH PRYHDEOH
GULYHQ IDFH
$SSO\ JUHDVH WR WKH 2ULQJV DQG LQVWDOO
WKHP RQWR WKH PRYHDEOH GULYHQ IDFH

,QVWDOO WKH PRYDEOH GULYHQ IDFH RQWR WKH


GULYHQ IDFH
$SSO\ JUHDVH WR WKH JXLGH UROOHUV DQG
JXLGH UROOHU SLQV DQG WKHQ LQVWDOO WKHP
LQWR WKH KROHV RI WKH GULYHQ IDFH

,QVWDOO WKH VHDO FROODU


5HPRYH DQ\ H[FHVVLYH JUHDVH
Ϡ *XLGH 5ROOHU 3LQ *XLGH 5ROOHU
%H VXUH WR FOHDQ WKH GULYHQ IDFH RII DQ\
JUHDVH 'ULYHQ )DFH

6HW WKH GULYHQ SXOOH\ DVVHPEO\ GULYHQ


IDFH VSULQJ DQG FOXWFK DVVHPEO\ RQWR WKH
FOXWFK VSULQJ FRPSUHVVRU

Ϡ $OLJQ WKH IODW VXUIDFH RI WKH GULYHQ IDFH


ZLWK WKH IODW RQ WKH FOXWFK GULYH SODWH

0RYDEOH 'ULYHQ )DFH


 .,&. 67$57(5'5,9( 38//(<
&/87&+'5,9(1 38//(< /,.( 
&OXWFK 6SULQJ &RPSUHVVRU
&RPSUHVV WKH FOXWFK VSULQJ FRPSUHVVRU
DQG LQVWDOO WKH GULYH SODWH QXW
6HW WKH FOXWFK VSULQJ FRPSUHVVRU LQ D
YLVH DQG WLJKWHQ WKH GULYH SODWH QXW WR WKH
VSHFLILHG WRUTXH
7RUTXH NJP
7RUTXH
Ϡ
%H VXUH WR XVH D FOXWFK VSULQJ
FRPSUHVVRU WR DYRLG VSULQJ GDPDJH
/RFN 1XW :UHQFK

6SHFLDO
&OXWFK 6SULQJ &RPSUHVVRU

,167$//$7,21
,QVWDOO WKH FOXWFKGULYHQ SXOOH\ RQWR WKH
GULYH VKDIW
Ϡ
.HHS JUHDVH RII WKH GULYH VKDIW
&OXWFK'ULYHQ 3XOOH\

&OXWFK 2XWHU
,QVWDOO WKH FOXWFK RXWHU
+ROG WKH FOXWFK RXWHU ZLWK WKH IO\ZKHHO
KROGHU
,QVWDOO DQG WLJKWHQ WKH FOXWFK RXWHU QXW
7RUTXH NJP
7RUTXH
6SHFLDO
)O\ZKHHO +ROGHU
,QVWDOO WKH GULYH EHOW

,QVWDOO WKH GULYH SXOOH\ IDFH VWDUWLQJ )O\ZKHHO +ROGHU


UDWFKHW DQG GULYH IDFH QXW
Ϡ 'ULYH 3XOOH\
:KHQ LQVWDOOLQJ WKH GULYH SXOOH\ IDFH
FRPSUHVV LW WR OHW WKH GULYH EHOW PRYH
GRZQZDUG WR WKH ORZHVW SRVLWLRQ VR WKDW
WKH GULYH SXOOH\ FDQ EH WLJKWHQHG
,QVWDOO WKH VWDUWLQJ UDWFKHW E\ DOLJQLQJ
WKH VWDUWLQJ UDWFKHW WHHWK ZLWK WKH
FUDQNVKDIW WHHWK
'R QRW JHW RLO RU JUHDVH RQ WKH GULYH
EHOW RU SXOOH\ IDFHV

7RUTXH NJP
6WDUWLQJ 5DWFKHW 8QLYHUVDO +ROGHU


 .,&. 67$57(5'5,9( 38//(<
/,.( 
&/87&+'5,9(1 38//(<
&LUFOLS
.,&. 67$57(5
5(029$/
5HPRYH WKH OHIW FUDQNFDVH FRYHU
5HPRYH WKH VHDO UXEEHU DQG GRZHO SLQV
5HPRYH WKH NLFN OHYHU
5HPRYH WKH FLUFOLS DQG ZDVKHU IURP WKH
NLFN VWDUWHU VSLQGOH

.LFN 6WDUWHU 6SLQGOH


6WDUWHU 'ULYHQ *HDU
*HQWO\ WXUQ WKH NLFN VWDUWHU VSLQGOH WR
UHPRYH WKH VWDUWHU GULYHQ JHDU WRJHWKHU
ZLWK WKH IULFWLRQ VSULQJ

)ULFWLRQ 6SULQJ
5HPRYH WKH NLFN VWDUWHU VSLQGOH DQG 5HWXUQ 6SULQJ
UHWXUQ VSULQJ IURP WKH OHIW FUDQNFDVH
FRYHU
5HPRYH WKH NLFN VWDUWHU VSLQGOH EXVKLQJ

.LFN 6WDUWHU 6SLQGOH


,163(&7,21
3ODVWLF %XVKLQJ 6SLQGOH
,QVSHFW WKH NLFN VWDUWHU VSLQGOH DQG JHDU
IRU ZHDU RU GDPDJH
,QVSHFW WKH UHWXUQ VSULQJ IRU ZHDNQHVV RU
GDPDJH
,QVSHFW WKH NLFN VWDUWHU VSLQGOH EXVKLQJV
IRU ZHDU RU GDPDJH

6SLQGOH %XVKLQJ 5HWXUQ 6SULQJ


 .,&. 67$57(5'5,9( 38//(<
&/87&+'5,9(1 38//(< /,.( 
6WDUWHU 'ULYHQ *HDU

,QVSHFW WKH VWDUWHU GULYHQ JHDU IRU ZHDU RU


GDPDJH
,QVSHFW WKH IULFWLRQ VSULQJ IRU ZHDU RU
GDPDJH

)ULFWLRQ 6SULQJ
.LFN 6WDUWHU 6SLQGOH )RUFLQJ 3DUW

,QVSHFW WKH NLFN VWDUWHU VSLQGOH DQG


VWDUWHU GULYHQ JHDU IRUFLQJ SDUWV IRU ZHDU
RU GDPDJH

6WDUWHU 'ULYHQ *HDU 6KDIW )RUFLQJ 3DUW


6WDUWLQJ 5DWFKHW

,167$//$7,21
,QVWDOO WKH NLFN VWDUWHU VSLQGOH EXVKLQJV
DQG UHWXUQ VSULQJ RQWR WKH OHIW FUDQNFDVH
FRYHU
Ϡ
:KHQ LQVWDOOLQJ WKH UHWXUQ VSULQJ XVH D
VFUHZ GULYHU WR SUHVV WKH LQZDUG DQG
RXWZDUG UHWXUQ VSULQJ KRRNV LQWR WKHLU
RULJLQDO SRVLWLRQV UHVSHFWLYHO\
.LFN 6WDUWHU 6SLQGOH )ULFWLRQ 6SULQJ
,QVWDOO WKH VWDUWHU GULYHQ JHDU DQG IULFWLRQ
VSULQJ DV WKH ILJXUH VKRZQ

,QVWDOO WKH NLFN OHYHU


,QVWDOO WKH OHIW FUDQNFDVH FRYHU DQG
WLJKWHQ WKH FRYHU EROWV GLDJRQDOO\

/HIW &UDQNFDVH &RYHU


 ),1$/ 5('8&7,21 /,.( 


BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

),1$/ 5('8&7,21
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6(59,&( ,1)250$7,21
7528%/(6+227,1*
),1$/ 5('8&7,21 ',6$66(0%/<
),1$/ 5('8&7,21 ,163(&7,21 
),1$/ 5('8&7,21 $66(0%/<


 ),1$/ 5('8&7,21 /,.( 


 ),1$/ 5('8&7,21 /,.( 

6(59,&( ,1)250$7,21
*(1(5$/ ,16758&7,216
x :KHQ UHSODFLQJ WKH GULYH VKDIW XVH D VSHFLDO WRRO WR KROG WKH EHDULQJ LQQHU UDFH IRU WKLV
RSHUDWLRQ

63(&,),&$7,216
6SHFLILHG 2LO *($5 2,/ 6$( 
2LO &DSDFLW\ $W FKDQJH   OLWHU
$W GLVDVVHPEO\   OLWHU

72548( 9$/8(6

7UDQVPLVVLRQ FDVH FRYHU EROW NJP

63(&,$/ 722/6
'ULYHU KDQGOH $
2XWHU GULYHU [PP
2XWHU GULYHU [PP
2XWHU GULYHU [PP
3LORW PP
3LORW PP
3LORW PP
&UDQNFDVH DVVHPEO\ WRRO
− $VVHPEO\ VKDIW
− $VVHPEO\ FROODU

7528%/(6+227,1*

ZRQ¶¶W PRYH
(QJLQH VWDUWV EXW PRWRUF\FOH ZRQ
x 'DPDJHG WUDQVPLVVLRQ
x 6HL]HG RU EXUQW WUDQVPLVVLRQ

2LO OHDNV
x 2LO OHYHO WRR KLJK
x :RUQ RU GDPDJHG RLO VHDO


 ),1$/ 5('8&7,21 /,.( 

),1$/ 5('8&7,21 ',6$66(0%/<


5HPRYH WKH H[KDXVW PXIIOHU
5HPRYH WKH UHDU ZKHHO Ö
5HPRYH WKH UHDU EUDNH FDEOH Ö
5HPRYH WKH OHIW FUDQNFDVH FRYHU Ö
5HPRYH WKH FOXWFKGULYHQ SXOOH\ Ö
'UDLQ WKH WUDQVPLVVLRQ JHDU RLO LQWR D
FOHDQ FRQWDLQHU
5HPRYH WKH WUDQVPLVVLRQ FDVH FRYHU
DWWDFKLQJ EROWV
5HPRYH WKH WUDQVPLVVLRQ FDVH FRYHU
5HPRYH WKH JDVNHW DQG GRZHO SLQV %ROWV
)LQDO *HDU
5HPRYH WKH ILQDO JHDU DQG FRXQWHUVKDIW

'ULYH 6KDIW &RXQWHUVKDIW


),1$/ 5('8&7,21 ,163(&7,21
,QVSHFW WKH FRXQWHUVKDIW DQG JHDU IRU
ZHDU RU GDPDJH

&RXQWHUVKDIW

,QVSHFW WKH ILQDO JHDU DQG ILQDO VKDIW IRU


ZHDU GDPDJH RU VHL]XUH


 ),1$/ 5('8&7,21 /,.( 

'ULYH 6KDIW %HDULQJ )LQDO 6KDIW %HDULQJ


&KHFN WKH OHIW FUDQNFDVH EHDULQJV IRU
H[FHVVLYH SOD\ DQG LQVSHFW WKH RLO VHDO IRU
ZHDU RU GDPDJH

&RXQWHUVKDIW %HDULQJ
'ULYH 6KDIW %HDULQJ 2LO 6HDO
&KHFN WKH WUDQVPLVVLRQ FDVH FRYHU
EHDULQJV IRU H[FHVVLYH SOD\ DQG LQVSHFW
WKH ILQDO VKDIW EHDULQJ RLO VHDO IRU ZHDU RU
GDPDJH
Ϡ
'R QRW UHPRYH WKH WUDQVPLVVLRQ FDVH
FRYHU H[FHSW IRU QHFHVVDU\ SDUW
UHSODFHPHQW :KHQ UHSODFLQJ WKH
GULYH VKDIW DOVR UHSODFH WKH EHDULQJ
DQG RLO VHDO
&RXQWHUVKDIW %HDULQJ
&RXQWHUVKDIW %HDULQJ
%($5,1* 5(3/$&(0(17
75$160,66,21 &$6( &29(5
5HPRYH WKH WUDQVPLVVLRQ FDVH FRYHU
EHDULQJV XVLQJ D EHDULQJ UHPRYHU
5HPRYH WKH ILQDO VKDIW RLO VHDO

2LO 6HDO
'ULYH QHZ EHDULQJV LQWR WKH WUDQVPLVVLRQ
FDVH FRYHU

2XWHU 'ULYHU


 ),1$/ 5('8&7,21 /,.( 

%HDULQJ 5HPRYHU PP


%($5,1* 5(3/$&(0(17 /()7
&5$1.&$6(
5HPRYH WKH GULYH VKDIW
5HPRYH WKH GULYH VKDIW RLO VHDO
5HPRYH WKH OHIW FUDQNFDVH EHDULQJV
XVLQJ D EHDULQJ UHPRYHU

3LORW
'ULYH QHZ EHDULQJV LQWR WKH OHIW
FUDQNFDVH
,QVWDOO D QHZ GULYH VKDIW RLO VHDO

'ULYH 6KDIW
),1$/ 5('8&7,21 $66(0%/<
,QVWDOO WKH GULYH VKDIW LQWR WKH OHIW
FUDQNFDVH
,QVSHFW WKH GULYH VKDIW DQG JHDU IRU ZHDU
RU GDPDJH

)LQDO *HDU

,QVWDOO WKH ILQDO JHDU DQG ILQDO VKDIW LQWR


WKH OHIW FUDQNFDVH
,QVWDOO WKH FRXQWHUVKDIW DQG JHDU LQWR WKH
OHIW FUDQNFDVH
,QVWDOO WKH ZDVKHU RQWR WKH FRXQWHUVKDIW
,QVWDOO WKH GRZHO SLQV DQG D QHZ JDVNHW

'ULYH 6KDIW &RXQWHUVKDIW


 ),1$/ 5('8&7,21 /,.( 
7UDQVPLVVLRQ &DVH &RYHU
,QVWDOO WKH WUDQVPLVVLRQ FDVH FRYHU

,QVWDOO DQG WLJKWHQ WKH WUDQVPLVVLRQ FDVH


FRYHU EROWV
,QVWDOO WKH FOXWFKGULYHQ SXOOH\ Ö
,QVWDOO WKH UHDU ZKHHO Ö
,QVWDOO WKH UHDU EUDNH FDEOH Ö

%ROWV
$IWHU LQVWDOODWLRQ ILOO WKH WUDQVPLVVLRQ
2LO &KHFN %ROW +ROH2LO )LOOHU
FDVH ZLWK WKH VSHFLILHG RLO Ö

Ϡ
x 3ODFH WKH PRWRUF\FOH RQ LWV PDLQ
VWDQG RQ OHYHO JURXQG
x &KHFN WKH RLO VHDOLQJ ZDVKHU IRU
ZHDU RU GDPDJH

'UDLQ %ROW
6SHFLILHG *HDU 2LO 2LO
.<0&2 6,*0$ *($5 2,/ 6$( 
2LO &DSDFLW\
$W GLVDVVHPEO\   OLWHU
$W FKDQJH   OLWHU
,QVWDOO DQG WLJKWHQ WKH RLO FKHFN EROW
7RUTXH
7RUTXH ДNJP
6WDUW WKH HQJLQH DQG FKHFN IRU RLO OHDNV
&KHFN WKH RLO OHYHO IURP WKH RLO FKHFN EROW
KROH DQG DGG WKH VSHFLILHG RLO WR WKH
SURSHU OHYHO LI WKH RLO OHYHO LV ORZ


 &5$1.&$6(&5$1.6+$)7 /,.( 


``````````````````````````````````````````````````````````````````````````````````````````

``````````````````````````````````````````````````````````````````````````````````````````

``````````````````````````````````````````````````````````````````````````````````````````

``````````````````````````````````````````````````````````````````````````````````````````

``````````````````````````````````````````````````````````````````````````````````````````

&5$1.&$6(&5$1.6+$)7
``````````````````````````````````````````````````````````````````````````````````````````

6(59,&( ,1)250$7,21
7528%/(6+227,1*
&5$1.&$6( 6(3$5$7,21 
&5$1.6+$)7 ,163(&7,21 
&5$1.&$6( $66(0%/< 


 &5$1.&$6(&5$1.6+$)7 /,.( 

7RUTXH ДNJP


 &5$1.&$6(&5$1.6+$)7 /,.( 

6(59,&( ,1)250$7,21

*(1(5$/ ,16758&7,216
x 7KLV VHFWLRQ FRYHUV FUDQNFDVH VHSDUDWLRQ WR VHUYLFH WKH FUDQNVKDIW
x 7KH IROORZLQJ SDUWV PXVW EH UHPRYHG EHIRUH VHSDUDWLQJ WKH FUDQNFDVH
(QJLQH Ö6HFWLRQ  'ULYHQ SXOOH\ Ö6HFWLRQ 
&DUEXUHWRU Ö6HFWLRQ  $& JHQHUDWRU Ö6HFWLRQ 
2LO SXPS Ö6HFWLRQ  &\OLQGHU KHDGF\OLQGHU Ö6HFWLRQ 
5HHG YDOYH Ö6HFWLRQ 
x :KHQ WKH OHIW FUDQNFDVH PXVW EH UHSODFHG UHPRYH WKH IROORZLQJ SDUW LQ DGGLWLRQ WR WKH DERYH
)LQDO UHGXFWLRQ UHPRYDO
x 6SHFLDO WRROV PXVW EH XVHG IRU FUDQNVKDIW DQG FUDQNFDVH DVVHPEO\ :KHQ VHSDUDWLQJ WKH
FUDQNFDVH WKH EHDULQJ ZLOO UHPDLQ LQ WKH FUDQNFDVH DQG LW VKRXOG EH UHPRYHG :KHQ
DVVHPEOLQJ GULYH D QHZ EHDULQJ LQWR WKH FUDQNFDVH DQG LQVWDOO D QHZ RLO VHDO

63(&,),&$7,216
/,.( 

,WHP 6WDQGDUG PP 6HUYLFH /LPLW PP


&RQQHFWLQJ URG ELJ HQG VLGH
FOHDUDQFH  
&RQQHFWLQJ URG ELJ HQG UDGLDO
FOHDUDQFH  

&UDQNVKDIW UXQRXW $%  

63(&,$/ 722/6
&UDQNFDVH SXOOHU %HDULQJ RXWHU GULYHU KDQGOH $
8QLYHUVDO EHDULQJ SXOOHU %HDULQJ RXWHU GULYHU [PP
&UDQNFDVH DVVHPEO\ FROODU %HDULQJ GULYHU SLORW PP
&UDQNFDVH DVVHPEO\ WRRO %HDULQJ RXWHU GULYHU [PP
%HDULQJ GULYHU SLORW PP

7528%/(6+227,1*
$EQRUPDO HQJLQH QRLVH
x ([FHVVLYH FUDQN MRXUQDO EHDULQJ SOD\
x ([FHVVLYH FUDQNSLQ EHDULQJ SOD\
x ([FHVVLYH WUDQVPLVVLRQ EHDULQJ SOD\


 &5$1.&$6(&5$1.6+$)7 /,.( 

&5$1.&$6( 6(3$5$7,21
5HPRYH WKH FUDQNFDVH DWWDFKLQJ WZR EROWV
6HSDUDWH WKH OHIW DQG ULJKW FUDQNFDVH KDOYHV

Ϡ 'R QRW GDPDJH WKH FUDQNFDVH JDVNHW


VXUIDFH

&UDQNFDVH %ROWV
'RZHO 3LQV

5HPRYH WKH JDVNHW DQG GRZHO SLQV

*DVNHW
5HPRYH WKH FUDQNVKDIW IURP WKH OHIW
FUDQNFDVH

&OHDQ RII DOO JDVNHW PDWHULDO IURP WKH


FUDQNFDVH PDWLQJ VXUIDFHV

Ϡ $YRLG GDPDJLQJ WKH FUDQNFDVH PDWLQJ


VXUIDFHV


 &5$1.&$6(&5$1.6+$)7 /,.( 

5HPRYH WKH RLO VHDO IURP WKH ULJKW FUDQNFDVH


&KHFN WKH RLO VHDO OLS IRU ZHDU RU
GHWHULRUDWLRQ
7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI
UHPRYDO

&5$1.6+$)7 ,163(&7,21
0HDVXUH WKH FRQQHFWLQJ URG ELJ HQG VLGH
FOHDUDQFH
6HUYLFH /LPLW
/LPLW PP UHSODFH LI RYHU

7XUQ WKH FUDQNVKDIW EHDULQJV DQG FKHFN IRU &RQQHFWLQJ 5RG %LJ (QG
H[FHVVLYH SOD\
,I WKH\ GR QRW WXUQ VPRRWKO\ TXLHWO\ RU LI WKH\
ILW ORRVHO\ LQ WKH FUDQNVKDIW UHSODFH WKH
FUDQNVKDIW DV D VHW

&UDQNVKDIW %HDULQJV

&5$1.&$6( $66(0%/<
,QVWDOO WKH FUDQNVKDIW LQWR WKH OHIW FUDQNFDVH


 &5$1.&$6(&5$1.6+$)7 /,.( 

'RZHO 3LQV
,QVWDOO WKH GRZHO SLQV DQG D QHZ JDVNHW RQWR
WKH OHIW FUDQNFDVH
Ϡ 3ODFH WKH ULJKW FUDQNFDVH RYHU WKH
FUDQNVKDIW DQG RQWR WKH OHIW FUDQNFDVH

*DVNHW

7LJKWHQ WKH FUDQNFDVH DWWDFKLQJ WZR EROWV


7RUTXH NJP
7RUTXH

&UDQNFDVH %ROWV


 )8(/ 6<67(0 /,.( 


``````````````````````````````````````````````````````````````````````````````````````````

``````````````````````````````````````````````````````````````````````````````````````````

``````````````````````````````````````````````````````````````````````````````````````````

``````````````````````````````````````````````````````````````````````````````````````````

``````````````````````````````````````````````````````````````````````````````````````````

)8(/ 6<67(0
``````````````````````````````````````````````````````````````````````````````````````````

6(59,&( ,1)250$7,21 


7528%/(6+227,1*  
&$5%85(725 5(029$/  
$872 %<67$57(5 
$,5 &872)) 9$/9( 
9$&880 &+$0%(5 
)/2$7 &+$0%(5  
&$5%85(725 ,167$//$7,21  
)8(/ 7$1.  
)8(/ 81,7 
$872 )8(/ 9$/9(  
$,5 &/($1(5  


 )8(/ 6<67(0 /,.( 

)8(/ 6<67(0


 )8(/ 6<67(0 /,.( 
6(59,&( ,1)250$7,21
*(1(5$/ ,16758&7,216

Ϡ *DVROLQH LV YHU\ GDQJHURXV :KHQ ZRUNLQJ ZLWK JDVROLQH NHHS VSDUNV DQG IODPHV DZD\
IURP WKH ZRUNLQJ DUHD
*DVROLQH LV H[WUHPHO\ IODPPDEOH DQG LV H[SORVLYH XQGHU FHUWDLQ FRQGLWLRQV %H VXUH WR
ZRUN LQ D ZHOOYHQWLODWHG DUHD¡
x 'R QRW EHQG RU WZLVW FRQWURO FDEOHV 'DPDJHG FRQWURO FDEOHV ZLOO QRW RSHUDWH VPRRWKO\
x :KHQ GLVDVVHPEOLQJ IXHO V\VWHP SDUWV QRWH WKH ORFDWLRQV RI 2ULQJV 5HSODFH WKHP ZLWK QHZ
RQHV GXULQJ DVVHPEO\
x %HIRUH IORDW FKDPEHU GLVDVVHPEO\ ORRVHQ WKH GUDLQ VFUHZ WR GUDLQ WKH UHVLGXDO JDVROLQH LQWR D
FOHDQ FRQWDLQHU
x $IWHU WKH FDUEXUHWRU LV UHPRYHG SOXJ WKH LQWDNH PDQLIROG VLGH ZLWK D FOHDQ WRZHO WR SUHYHQW
IRUHLJQ PDWWHUV IURP HQWHULQJ
x 5HPRYH WKH YDFXXP GLDSKUDJP EHIRUH FOHDQLQJ WKH FDUEXUHWRU DLU DQG IXHO SDVVDJHV ZLWK
FRPSUHVVHG DLU WR DYRLG GDPDJLQJ WKH YDFXXP GLDSKUDJP
x :KHQ WKH PRWRUF\FOH LV QRW XVHG IRU RYHU RQH PRQWK GUDLQ WKH UHVLGXDO JDVROLQH IURP WKH IORDW
FKDPEHU WR DYRLG HUUDWLF LGOLQJ DQG FORJJHG VORZ MHW GXH WR GHWHULRUDWHG IXHO
x 7KH SLORW VFUHZ LV IDFWRU\ SUHVHW DQG QR DGMXVWPHQW LV QHFHVVDU\ 'XULQJ FDUEXUHWRU
GLVDVVHPEO\ QRWH WKH QXPEHU RI WXUQV RI WKH SLORW VFUHZ DQG XVH DV D UHIHUHQFH ZKHQ
UHLQVWDOOLQJ LW
x $ WDFKRPHWHU PXVW EH XVHG ZKHQ DGMXVWLQJ WKH HQJLQH VSHHG
x 7XUQ WKH SLORW VFUHZ LQ RU RXW VORZO\ WR REWDLQ WKH KLJKHVW HQJLQH VSHHG
63(&,),&$7,216


 )8(/ 6<67(0 /,.( 

63(&,$/ 722/
)ORDW OHYHO JDXJH

7528%/(6+227,1*
(QJLQH GRHV QRW VWDUW /HDQ PL[WXUH
x 1R IXHO LQ WDQN x &ORJJHG IXHO MHWV x )DXOW\ IORDW YDOYH
x 7RR PXFK IXHO JHWWLQJ WR F\OLQGHU x &ORJJHG IXHO FDS YHQW x )ORDW OHYHO WRR ORZ
x &ORJJHG IXHO ILOWHU x &ORJJHG IXHO ILOWHU x &ORJJHG DLU FOHDQHU
x &ORJJHG DLU FOHDQHU x %HQW NLQNHG RU UHVWULFWHG IXHO OLQH

(QJLQH LGOHV URXJKO\ VWDOOV RU UXQV SRRUO\ 5LFK PL[WXUH


x ,QFRUUHFW LGOH VSHHG x &ORJJHG DLU FOHDQHU x )DXOW\ IORDW YDOYH
x ,JQLWLRQ PDOIXQFWLRQ x ,QWDNH DLU OHDNV x )ORDW OHYHO WRR KLJK
x &RPSUHVVLRQ WRR ORZ x )XHO FRQWDPLQDWHG x &ORJJHG DLU MHWV
x ,QFRUUHFWO\ DGMXVWHG DLU VFUHZ x )DXOW\ UHHG YDOYH
x ,QFRUUHFW IORDW OHYHO x &ORJJHG IXHO MHWV


 )8(/ 6<67(0 /,.( 
$XWR %\VWDUWHU :LUH

&$5%85(725 5(029$/
5HPRYH WKH IUDPH ERG\ FRYHU Ö
'LVFRQQHFW WKH DXWR E\VWDUWHU ZLUH
FRQQHFWRU

)XHO 7XEH

/RRVHQ WKH GUDLQ VFUHZ DQG GUDLQ WKH IXHO


IURP WKH IORDW FKDPEHU
'LVFRQQHFW WKH IXHO WXEH DQG YDFXXP
WXEH DW WKH FDUEXUHWRU

9DFXXP 7XEH
$GMXVWLQJ 1XW /RFN 1XW

/RRVHQ WKH WKURWWOH FDEOH DGMXVWLQJ QXW


DQG ORFN QXW DQG GLVFRQQHFW WKH WKURWWOH
FDEOH IURP WKH FDUEXUHWRU
/RRVHQ WKH FDUEXUHWRU LQWDNH PDQLIROG
EDQG DQG DLU FOHDQHU FRQQHFWLQJ WXEH
EDQG VFUHZV DQG WKHQ UHPRYH WKH
FDUEXUHWRU

$LU &OHDQHU ,QWDNH 0DQLIROG %DQG


&RQQHFWLQJ7XEH %DQG

$872 %<67$57(5
23(5$7,21 ,163(&7,21
0HDVXUH WKH UHVLVWDQFH EHWZHHQ WKH DXWR
E\VWDUWHU ZLUH WHUPLQDOV
5HVLVWDQFH ¡ PD[  PLQXWHV
5HVLVWDQFH
PLQLPXPDIWHU VWRSSLQJ WKH HQJLQH FF

,I WKH UHDGLQJ LV QRW ZLWKLQ WKH OLPLW
UHSODFH WKH DXWR E\VWDUWHU ZLWK D QHZ RQH


 )8(/ 6<67(0 /,.( 

&RQQHFW D KRVH WR WKH IXHO HQULFKLQJ


FLUFXLW RI WKH FDUEXUHWRU &RQQHFW WKH DXWR
E\ VWDUWHU \HOORZ ZLUH WR WKH SRVLWLYH 
WHUPLQDO RI D EDWWHU\ DQG JUHHQ ZLUH WR
WKH QHJDWLYH  WHUPLQDO :DLW  PLQXWHV
DQG EORZ WKH KRVH ZLWK PRXWK RU YDFXXP
SXPS ,I WKH SDVVDJH LV EORFNHG WKH DXWR
E\VWDUWHU LV QRUPDO
'LVFRQQHFW WKH DXWR E\VWDUWHU IURP WKH
EDWWHU\ :DLW  PLQXWHV DQG EORZ WKH
KRVH ZLWK PRXWK RU YDFXXP SXPS ,I DLU
FDQ EH EORZQ LQWR WKH KRVH WKH DXWR
E\VWDUWHU LV QRUPDO
$XWR %\VWDUWHU

5(029$/
5HPRYH WKH VHW SODWH VFUHZV DQG VHW
SODWH
5HPRYH WKH DXWR E\VWDUWHU IURP WKH
FDUEXUHWRU

6FUHZV 6HW 3ODWH


%\VWDUWHU 9DOYH
$872 %<67$57(5 ,163(&7,21
&KHFN WKH DXWR E\VWDUWHU YDOYH DQG
QHHGOH IRU QLFNV ZHDU RU GDPDJH
,I DQ\ IDXOW\ SDUW LV IRXQG UHSODFH WKH
DXWR E\VWDUWHU DV D VHW

%\VWDUWHU 1HHGOH
$XWR %\VWDUWHU 6FUHZV

,167$//$7,21
,QVHUW WKH DXWR E\VWDUWHU LQWR WKH
FDUEXUHWRU ERG\ XQWLO LW ERWWRPV
3RVLWLRQ WKH VHW SODWH LQWR WKH JURRYH LQ
WKH DXWR E\VWDUWHU DQG WLJKWHQ WKH VFUHZV

Ϡ
x %H VXUH WR LQVWDOO WKH DXWR E\VWDUWHU
DQG VHW SODWH SURSHUO\
x ,QVWDOO WKH VHW SODWH ZLWK LWV ERWWRP 6HW 3ODWH
IDFH IDFLQJ GRZQ


 )8(/ 6<67(0 /,.( 

$LU &XWRII YDOYH &RYHU

$,5 &872)) 9$/9(


',6$66(0%/<
'LVFRQQHFW WKH YDFXXP WXEH IURP WKH DLU
FXWRII YDOYH
5HPRYH WKH WZR VFUHZV WR UHPRYH WKH DLU
FXWRII YDOYH FRYHU VSULQJ DQG YDFXXP
GLDSKUDJP

9DFXXP 'LDSKUDJP 6SULQJ


6FUHZV

$66(0%/<
,QVWDOO WKH YDFXXP GLDSKUDJP RQWR WKH
FDUEXUHWRU
,QVWDOO WKH VSULQJ DQG DLU FXWRII YDOYH
FRYHU DQG WKHQ WLJKWHQ WKH WZR VFUHZV

Ϡ
x %H VXUH WR VHW WKH YDFXXP
GLDSKUDJP
OLS LQWR WKH JURRYH RQ WKH FDUEXUHWRU $LU &XWRII YDOYH &RYHU
x :KHQ LQVWDOOLQJ WKH DLU FXWRII YDOYH
FRYHU PDNH VXUH WKDW WKH YDFXXP
GLDSKUDJP LV SURSHUO\ LQVWDOOHG

9$&880 &+$0%(5
',6$66(0%/<
5HPRYH WKH WZR YDFXXP FKDPEHU FRYHU
VFUHZV DQG WKH FRYHU

9DFXXP &KDPEHU &RYHU


6SULQ
h

5HPRYH WKH VSULQJ DQG YDFXXP


GLDSKUDJPSLVWRQ

9DFXXP 'LDSKUDJP3LVWRQ


 )8(/ 6<67(0 /,.( 

,QVWDOO
3XVK WKH QHHGOH KROGHU LQ DQG WXUQ LW OHIW
WR UHPRYH WKH QHHGOH KROGHU
5HPRYH WKH VSULQJ DQG MHW QHHGOH IURP
WKH SLVWRQ
Ϡ %H FDUHIXO QRW WR GDPDJH WKH YDFXXP
GLDSKUDJP

-HW 5HPRYH
,163(&7,21
,QVSHFW WKH QHHGOH IRU VWHSSHG ZHDU
,QVSHFW WKH YDFXXP SLVWRQ IRU ZHDU RU
GDPDJH
,QVSHFW WKH GLDSKUDJP IRU GHWHULRUDWLRQ
DQG WHDUV

$66(0%/<
9DFXXP 'LDSKUDJP 9DFXXP &KDPEHU &RYHU
,QVWDOO WKH YDFXXP SLVWRQGLDSKUDJP LQ
WKH FDUEXUHWRU ERG\ DQG DOLJQ WKH WDE RQ
WKH GLDSKUDJP ZLWK WKH JURRYH LQ WKH
FDUEXUHWRU ERG\
,QVWDOO WKH VSULQJ
,QVWDOO WKH YDFXXP FKDPEHU FRYHU DQG
WLJKWHQ LW ZLWK WKH WZR VFUHZV

Ϡ %H FDUHIXO QRW WR GDPDJH WKH


GLDSKUDJP
9DFXXP 'LDSKUDJP
)ORDW &KDPEHU

)/2$7 &+$0%(5
',6$66(0%/<
5HPRYH WKH IRXU IORDW FKDPEHU VFUHZV
DQG WKH IORDW FKDPEHU

6FUHZ


 )8(/ 6<67(0 /,.( 
)ORDW
5HPRYH WKH IORDW SLQ IORDW DQG IORDW YDOYH

)ORDW 9DOYH )ORDW 3LQ

,163(&7,21
,QVSHFW WKH IORDW YDOYH DQG YDOYH VHDW IRU
GDPDJH RU FORJJLQJ
,QVSHFW WKH IORDW YDOYH DQG YDOYH VHDW
FRQWDFW DUHD IRU VWHSSHG ZHDU RU
FRQWDPLQDWLRQ

Ϡ :RUQ RU FRQWDPLQDWHG IORDW YDOYH DQG


YDOYH VHDW PXVW EH UHSODFHG EHFDXVH LW
ZLOO UHVXOW LQ IORDW OHYHO WRR KLJK GXH WR
LQFRPSOHWH DLUWLJKWQHVV 9DOYH 6HDW
6ORZ -HW

5HPRYH WKH PDLQ MHW QHHGOH MHW KROGHU


QHHGOH MHW VORZ MHW DQG SLORW VFUHZ

Ϡ
x %H FDUHIXO QRW WR GDPDJH WKH IXHO MHWV
DQG SLORW VFUHZ
x %HIRUH UHPRYLQJ WXUQ WKH SLORW VFUHZ
LQ DQG FDUHIXOO\ FRXQW WKH QXPEHU RI 0DLQ -HW 1HHGOH -HW 3LORW 6FUHZ
WXUQV XQWLO LW VHDWV OLJKWO\ DQG WKHQ
PDNH D QRWH RI WKLV
x 'R QRW IRUFH WKH SLORW VFUHZ DJDLQVW
LWV VHDW WR DYRLG VHDW GDPDJH¡

&OHDQ WKH UHPRYHG IXHO MHWV ZLWK


GHWHUJHQW RLO DQG EORZ WKHP RSHQ ZLWK
FRPSUHVVHG DLU
%ORZ FRPSUHVVHG DLU WKURXJK DOO
SDVVDJHV RI WKH FDUEXUHWRU ERG\
Ϡ $OVR UHPRYH DQG FOHDQ WKH YDFXXP
FKDPEHU DQG DLU FXWRII YDOYH

 )8(/ 6<67(0 /,.( 

6ORZ -HW 3LORW 6FUHZ


$66(0%/<
,QVWDOO WKH VORZ MHW QHHGOH MHW QHHGOH MHW
KROGHU PDLQ MHW DQG SLORW VFUHZ

Ϡ 5HWXUQ WKH SLORW VFUHZ WR WKH RULJLQDO


SRVLWLRQ DV QRWHG GXULQJ UHPRYDO

6WDQGDUG 2SHQLQJ
2SHQLQJ   WXUQV

0DLQ -HW 1HHGOH -HW

,QVWDOO WKH IORDW YDOYH IORDW DQG IORDW SLQ

)ORDW 9DOYH )ORDW 3LQ


 )8(/ 6<67(0 /,.( 

)ORDW /HYHO *DXJH


)/2$7 /(9(/ ,163(&7,21

Ϡ
x &KHFN WKH RSHUDWLRQ RI WKH IORDW YDOYH
DQG IORDW EHIRUH IORDW OHYHO LQVSHFWLRQ
x 0HDVXUH WKH IORDW OHYHO E\ SODFLQJ WKH
IORDW OHYHO JDXJH RQ WKH IORDW FKDPEHU
IDFH SDUDOOHO ZLWK WKH PDLQ MHW¡

0HDVXUH WKH IORDW OHYHO


)ORDW /HYHO
/HYHO PP &RQQHFWLQJ 7XEH %DQG

&$5%85(725 ,167$//$7,21
7LJKWHQ WKH GUDLQ VFUHZ
,QVWDOO WKH FDUEXUHWRU RQWR WKH LQWDNH
PDQLIROGDOLJQLQJ WKH WDE RQ WKH
FDUEXUHWRU ZLWK WKHFXWRXW LQ WKH LQWDNH
PDQLIROG 7LJKWHQ WKH EDQG VFUHZ
,QVWDOO WKH DLU FOHDQHU FRQQHFWLQJ WXEH
DQG WLJKWHQ WKH EDQG VFUHZ
&RQQHFW WKH WKURWWOH FDEOH WR WKH WKURWWOH
ZKHHO RQ WKH FDUEXUHWRU
7KURWWOH &DEOH
9DFXXP

&RQQHFW WKH IXHO WXEH DQG YDFXXP WXEH


WR WKH FDUEXUHWRU

&RQQHFW WKH DXWR E\VWDUWHU ZLUH $XWR %\VWDUWHU :LUH &RQQHFWRU


FRQQHFWRU
3HUIRUP WKH IROORZLQJ LQVSHFWLRQV DQG
DGMXVWPHQWV
7KURWWOH JULS IUHH SOD\ Ö
&DUEXUHWRU LGOH VSHHG Ö


 )8(/ 6<67(0 /,.( 

)XHO 8QLW :LUH &RQQHFWRU

)8(/ 7$1.
5(029$/
5HPRYH WKH IUDPH ERG\ FRYHU
'LVFRQQHFW WKH IXHO XQLW ZLUH FRQQHFWRU

$XWR )XHO 9DOYH

'LVFRQQHFW WKH IXHO WXEH DQG YDFXXP


WXEH DW WKH DXWR IXHO YDOYH

5HPRYH WKH IXHO WDQN IUDPH PRXQWLQJ 9DFXXP 7XEH


EROWV DQG IXHO WDQN IUDPH )XHO 7DQN
5HPRYH WKH IXHO WDQN PRXQWLQJ EROWV DQG
IXHO WDQN
,167$//$7,21
,QVWDOO WKH IXHO WDQN LQ WKH UHYHUVH RUGHU RI
UHPRYDO

)8(/ 81,7
Ϡ
7LUH SUHVVXUH VKRXOG EH FKHFNHG ZKHQ
WLUHV DUH FROG
5(029$/
'LVFRQQHFW WKH IXHO XQLW ZLUH FRQQHFWRU

Ϡ
'R QRW EHQG WKH IXHO XQLW IORDW DUP
RWKHUZLVH WKH IXHO XQLW PHWHULQJ YDOXHV
ZLOO EH LQFRUUHFW


 )8(/ 6<67(0 /,.( 

,QVWDOO WKH IXHO XQLW

Ϡ 0DNH VXUH WKH IXHO XQLW ZLUH RQ WKH


FRQQHFW SRVLWLRQ

&RQQHFW WKH IXHO XQLW ZLUH FRQQHFWRU


,167$//$7,21
,QVSHFW WKH IXHO XQLW JDVNHW IRU GDPDJH

)XHO 8QLW :LUH

$872 )8(/ 9$/9( $XWR )XHO 9DOYH


Ϡ
1R 6PRNLQJ

Ϡ
)LUVW FOHDQ WKH IXHO WXEH

'LVFRQQHFW WKH IXHO WXEH DQG YDFXXP


WXEH IURP WKH FDUEXUHWRU
&RQQHFW D YDFXXP SXPS WR WKH YDFXXP
WXEH DQG DSSO\ YDFXXP &KHFN LI IXHO
IORZV RXW
‡ 7KH YDOYH LV RSHUDWLQJ QRUPDOO\ LI IXHO
IORZV RXW RI WKH IXHO WXEH ZKHQ WKH
YDFXXP LV DSSOLHG
‡ 7KH IXHO VKDOO VWRS IORZLQJ RXW ZKHQ WKH
YDFXXP SXPS LV GLVFRQQHFWHG
,I WKH IXHO YDOYH GRHV QRW RSHUDWH
QRUPDOO\ &KHFN WKH YDFXXP GLDSKUDJP
IRU SRRU LQVWDOODWLRQ RU GDPDJH DQG
LQVSHFW WKH IXHO WXEH IRU FORJJLQJ


 )8(/ 6<67(0 /,.( 

$,5 &/($1(5 %ORWV


/RRVHQ WKH DLU FOHDQHU FRQQHFWLQJ WXEH EDQG
VFUHZ
'LVFRQQHFW WKH WUDQVPLVVLRQ FDVH EUHDWKHU
WXEH IURP WKH DLU FOHDQHU FDVH
5HPRYH WKH WZR EROWV DQG DLU FOHDQHU FDV

7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI


UHPRYDO $LU &OHDQHU &DVH


 )5$0( &29(56 /,.( 


BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

)5$0( &29(56
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6&+(0$7,& '5$:,1*  


6(59,&( ,1)250$7,21  
7528%/(6+227,1* 
)5$0( &29(56 5(029$/ 
(;+$867 08))/(5 5(029$/  


 )5$0( &29(56 683(5  7
$66(0%/< '5$:,1*


 )5$0( &29(56 /,.( 

6(59,&( ,1)250$7,21
x :KHQ UHPRYLQJ IUDPH FRYHUV XVH FDUH QRW WR SXOO WKHP E\ IRUFH EHFDXVH WKH FRYHU MRLQW FODZV
PD\ EH GDPDJHG

,WHPV 5HODWHG IRU 5HPRYDO


x +DQGOHEDU IURQW FRYHU +HDGOLJKW ZLUH
x )URQW FRYHU
x +DQGOHEDU UHDU FRYHU 6SHHGRPHWHU FDEOH DQG LQVWUXPHQW OLJKW
ZLUH FRQQHFWRUV HWF
x )UDPH ERG\ FRYHU 0HWLQ ER[ UHDU FDUULHUUHDU IHQGHU
x )ORRU ERDUG IUDPH ERG\ FRYHU
x )URQW WRRO ER[ )URQW FRYHU EDWWHU\ IORRU ERDUG 


 )5$0( &29(56 /,.( 

)5$0( &29(56 5(029$/ 1XWV

5($5 &$55,(5
5HPRYH WKH PHWLQ ER[
)LUVW UHPRYH WKH VHYHQ QXWV DWWDFKLQJ WKH PHW
LQ ER[
5HPRYH WKH PHWLQ ER[

%ROWV 1XWV

5HPRYH WKH WZR EROWV DQG WZR QXWV DWWDFKLQJ


WKH UHDU FDUULHU
5HPRYH WKH UHDU FDUULHU

3URWHFWLYH &RYHU

)5$0( %2'< &29(5 5(029$/


5HPRYH WKH WZR QXWV DWWDFKLQJ WKH UHDU
SURWHFWLYH FRYHU
5HPRYH WKH UHDU SURWHFWLYH FRYHU

1XWV


 )5$0( &29(56 /,.( 

5HPRYH WKH WZR VFUHZV RQ WKH ERWWRP RI WKH


FHQWHU FRYHU
5HPRYH WKH FHQWHU FRYHU
5HPRYH WKH ERG\ FRYHU

6FUHZV
6FUHZV
)/225)227 5(029$/
)/225)227
5HPRYH WKH VFUHZV DWWDFKLQJ WKH ULJKW DQG OHIW
VLGH FRYHUV
5HPRYH WKH ULJKW DQG OHIW VLGH FRYHUV E\
SXOOLQJ WKHP RXWZDUG

6LGH &RYHU
%DWWHU\ :LUH

'LVFRQQHFW WKH EDWWHU\ ZLUH


5HPRYH WKH EDWWHU\

%DWWHU\


 )5$0( &29(56 /,.( 
%ROWV
5HPRYH WKH IORRU PDW
5HPRYH WKH FHQWHU FRYHU Ö
5HPRYH WKH VFUHZV DQG EROWV DWWDFKLQJ WKH
IURQW ULJKW DQG OHIW VLGH FRYHUV
5HPRYH WKH ILYH EROWV DWWDFKLQJ WKH IORRUIRRW
5HPRYH WKH IORRUIRRW
7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI
UHPRYDO

)ORRU)RRW
6FUHZV
/(* 6+,(/' /2: 5(029$/
5HPRYH WKH PHWLQ ER[
5HPRYH WKH ERG\ FRYHU
5HPRYH WKH IORRUIRRW
5HPRYH WKH IURQW XSSHU FRYHU
5HPRYH WKH IRXU VFUHZV DWWDFKLQJ WKH OHJ
VKLHOG ORZ
'LVFRQQHFW WKH OHJ VKLHOG ORZ ZLWK WKH FRZO
XQGHU FRYHU
7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI
UHPRYDO

/HJ 6KLHOG /RZ


%ORWV

)5217 833(5 &29(5 5(029$/


5HPRYH WKH HLJKW VFUHZV RQ WKH EDFN RI WKH
IURQW XSSHU FRYHU
5HPRYH WKH EROW RQ WKH IURQW RI WKH IURQW XSSHU
FRYHU
'LVFRQQHFW WKH VLJQDO OLJKW ZLUH FRQQHFWRU
5HPRYH WKH IURQW XSSHU FRYHU
7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI
UHPRYDO

6FUHZV


 )5$0( &29(56 /,.( 
6FUHZV
 
+$1'/(%$5 &29(5 5(029$/
)LUVW UHPRYH WKH ZLQGVKLHOG
5HPRYH WKH WZR VFUHZV DQG WZR EROWV
DWWDFKLQJ WKH KDQGOHEDU UHDU FRYHU
5HPRYH WKH KDQGOHEDU UHDU FRYHU
7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI
UHPRYDO

%ORWV

5HPRYH WKH WZR VFUHZV DWWDFKLQJ WKH 6FUHZV


KDQGOHEDU FRYHU
5HPRYH WKH KDQGOHEDU FRYHU
7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI
UHPRYDO

%27720 &29(5 5(029$/


5HPRYH WKH IRXU EROWV DWWDFKLQJ WKH ERWWRP
FRYHU
5HPRYH WKH ERWWRP FRYHU

%ORWV

/RFN %ROWV /RFN 1XW

(;+$867 08))/(5 5(029$/


5HPRYH WZR ORFN QXWV IURP MRLQW LQ WKH
H[KDXVW PXIIOHU
5HPRYH WKH H[KDXVW PXIIOHU WZR ORFN EROWV WR
UHPRYH WKH H[KDXVW PXIIOHU
5HPRYH WKH H[KDXVW PXIIOHU MRLQW SDFNLQJ
FROODU
7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI
UHPRYDO
7RUTXH
([KDXVW PXIIOHU MRLQW ORFN QXW NJP
([KDXVW PXIIOHU ORFN EROW NJP


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 



)5217 :+((/)5217 %5$.()5217 6863(16,21

,1)250$7,21 
6(59,&( ,1)250$7,21

7528%/(6+227,1* 
7528%/(6+227,1*

:+((/ 
)5217 :+((/

'5$:,1* 
+<'5$8/,& %5$.( '5$:,1*

%5$.( 
+<'5$8/,& %5$.(

$%625%(5 
)5217 6+2&. $%625%(5

+$1'/(%$5 
67((5,1* +$1'/(%$5

67(0 
67((5,1* 67(0


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

NJP

NJP


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

6(59,&( ,1)250$7,21

*(1(5$/ ,16758&7,216
x 5HPRYH WKH PRWRUF\FOH IURQW ZKHHO RII WKH JURXQG DQG EH FDUHIXO WR SUHYHQW WKH PRWRUF\FOH IURP
IDOOLQJ GRZQ
x 'XULQJ VHUYLFLQJ NHHS RLO RU JUHDVH RII WKH EUDNH GUXP DQG EUDNH OLQLQJV
x &RQWDPLQDWHG EUDNH GLVN RU EUDNH SDGV UHGXFH VWRSSLQJ SRZHU &OHDQ WKH FRQWDPLQDWHG EUDNH
GLVN ZLWK KLJKSHUIRUPDQFH EUDNH GHJUHDVHU DQG UHSODFH WKH EUDNH SDGV
x 'R QRW XVH EUDNH IOXLG IRU FOHDQLQJ
x %OHHG DLU IURP WKH EUDNH V\VWHP LI WKH EUDNH V\VWHP LV UHPRYHG RU WKH EUDNH LV VRIW
x 'R QRW DOORZ DQ\ IRUHLJQ PDWWHUV WR HQWHU WKH EUDNH V\VWHP ZKHQ ILOOLQJ LW ZLWK EUDNH IOXLG
x %UDNH IOXLG ZLOO GDPDJH SDLQWHG VXUIDFHV DQG SODVWLF SDUWV :KHQ VHUYLFLQJ WKH EUDNH V\VWHP
XVH VKRS WRZHOV WR FRYHU DQG SURWHFW UXEEHU SODVWLF SDUWV DQG FRDWHG VXUIDFHV :LSH RII DQ\
VSLOOHG EUDNH IOXLG ZLWK D FOHDQ VKRS WRZHO
x ,QVSHFW WKH EUDNH V\VWHP EHIRUH ULGLQJ

63(&,),&$7,216
,WHP 6WDQGDUG PP 6HUYLFH /LPLW PP
$[OH VKDIW UXQRXW  
)URQW ZKHHO ULP UXQRXW 5DGLDO  
$[LDO  
)URQW EUDNH OLQLQJ WKLFNQHVV  
)URQW VKRFN DEVRUEHU VSULQJ IUHH OHQJWK  
%UDNH GLVN WKLFNQHVV Д 
%UDNH GLVN UXQRXW  
%UDNH PDVWHU F\OLQGHU ,' Д 
%UDNH PDVWHU F\OLQGHU SLVWRQ 2' Д 
%UDNH FDOLSHU SLVWRQ 2' Д 
%UDNH FDOLSHU F\OLQGHU ,' Д 

72548( 9$/8(6
6WHHULQJ VWHP EROW ДNJP %UDNH FDOLSHU EOHHG YDOYH NJP
6WHHULQJ VWHP ORFN QXW ДNJP %UDNH IOXLG WXEH EROW ДNJP
6WHHULQJ WRS FRQH UDFH ДNJP %UDNH SDG SLQ EROW ДNJP
)URQW VKRFN DEVRUEHU EROW ДNJP %UDNH FDOLSHU EROW ДNJP
)URQW D[OH QXW ДNJP %UDNH PDVWHU F\OLQGHU EROW ДNJP


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

63(&,$/ 722/6
/RFN QXW ZUHQFK 'ULYHU KDQGOH $
2XWHU GULYHU [PP 3LORW PP
%DOO UDFH UHPRYHU 2XWHU GULYHU [PP
3OLHUV FORVH %HDULQJ UHPRYHU
%HDULQJ UHPRYHU KHDG PP

7528%/(6+227,1*
+DUG VWHHULQJ KHDY\ )URQW ZKHHO ZREEOLQJ
x ([FHVVLYHO\ WLJKWHQHG VWHHULQJ VWHP WRS x %HQW ULP
FRQH UDFH x ([FHVVLYH ZKHHO EHDULQJ SOD\
x %URNHQ VWHHULQJ EDOOV x %HQW VSRNH SODWH
x ,QVXIILFLHQW WLUH SUHVVXUH x )DXOW\ WLUH
6WHHUV WR RQH VLGH RU GRHV QRW WUDFN VWUDLJKW x ,PSURSHUO\ WLJKWHQHG D[OH QXW
x 8QHYHQ IURQW VKRFN DEVRUEHUV 6RIW IURQW VKRFN DEVRUEHU
x %HQW IURQW IRUN x :HDN VKRFN VSULQJV
x %HQW IURQW D[OH RU XQHYHQ WLUH x ,QVXIILFLHQW GDPSHU RLO
3RRU EUDNH SHUIRUPDQFH )URQW VKRFN DEVRUEHU QRLVH
x ,QFRUUHFWO\ DGMXVWHG EUDNH x 6OLGHU EHQGLQJ
x :RUQ EUDNH OLQLQJV x /RRVH IRUN IDVWHQHUV
x &RQWDPLQDWHG EUDNH OLQLQJ VXUIDFH x /DFN RI OXEULFDWLRQ
x :RUQ EUDNH VKRHV DW FDP FRQWDFWLQJ DUHD
x :RUQ EUDNH GUXP
x 3RRUO\ FRQQHFWHG EUDNH DUP
3RRU EUDNH SHUIRUPDQFH 'LVN %UDNH
x $LU LQ EUDNH V\VWHP
x 'HWHULRUDWHG EUDNH IOXLG
x &RQWDPLQDWHG EUDNH SDGV DQG EUDNH GLVN
x :RUQ EUDNH SDGV
x :RUQ EUDNH PDVWHU F\OLQGHU SLVWRQ RLO VHDO
x &ORJJHG EUDNH IOXLG OLQH
x 'HIRUPHG EUDNH GLVN
x 8QHYHQO\ ZRUQ EUDNH FDOLSHU


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

)5217 :+((/
5(029$/
5HPRYH WKH PRWRUF\FOH IURQW ZKHHO RII WKH
JURXQG
'LVFRQQHFW WKH VSHHGRPHWHU FDEOH

6SHHGRPHWHU &DEOH

5HPRYH WKH IURQW D[OH QXW DQG SXOO RXW WKH


D[OH
5HPRYH WKH IURQW ZKHHO
5HPRYH WKH IURQW EUDNH SDQHO

$[OH 6KDIW

,163(&7,21
$;/( 581287
6HW WKH D[OH LQ 9 EORFNV DQG PHDVXUH WKH
UXQRXW XVLQJ D GLDO JDXJH
7KH DFWXDO UXQRXW LV  RI WKH WRWDO LQGLFDWRU
UHDGLQJ
6HUYLFH /LPLW
/LPLW PP UHSODFH LI RYHU

:+((/ 5,0
&KHFN WKH ZKHHO ULP UXQRXW
6HUYLFH /LPLWV
/LPLWV
5DGLDO PP UHSODFH LI RYHU
5DGLDO
$[LDO PP UHSODFH LI RYHU
$[LDO


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

)5217 :+((/ %($5,1* 6LGH &ROODU


5HPRYH WKH VLGH FROODU DQG GXVW VHDO

'XVW 6HDO

7XUQ WKH LQQHU UDFH RI HDFK EHDULQJ ZLWK \RXU


ILQJHU WR VHH LI WKH\ WXUQ VPRRWKO\ DQG TXLHWO\
$OVR FKHFN LI WKH RXWHU UDFH ILWV WLJKWO\ LQ WKH
KXE
5HSODFH WKH EHDULQJV LI WKH UDFHV GR QRW WXUQ
VPRRWKO\ TXLHWO\ RU LI WKH\ ILW ORRVHO\ LQ WKH
KXE

:KHHO %HDULQJ
%($5,1* 5(3/$&(0(17
5HPRYH WKH IURQW ZKHHO EHDULQJV DQG
GLVWDQFH FROODU
6SHFLDO
%HDULQJ 5HPRYHU
%HDULQJ 5HPRYHU +HDG PP

3DFN DOO EHDULQJ FDYLWLHV ZLWK JUHDVH


'ULYH LQ WKH OHIW EHDULQJ
,QVWDOO WKH GLVWDQFH FROODU
'ULYH LQ WKH ULJKW EHDULQJ
Ϡ x 'R QRW DOORZ WKH EHDULQJV WR WLOW ZKLOH %HDULQJ 5HPRYHU
GULYLQJ WKHP LQ
x 'ULYH LQ WKH EHDULQJ VTXDUHO\ ZLWK WKH
VHDOHG HQG IDFLQJ RXW

6SHFLDO

'ULYHU KDQGOH $

'ULYHU +DQGOH $


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

'XVW 6HDO
$SSO\ JUHDVH WR D QHZ GXVW VHDO OLS DQG
LQVWDOO WKH GXVW VHDO
,QVWDOO WKH VLGH FROODU

3DZOV
,167$//$7,21
$SSO\ JUHDVH WR WKH EUDNH SDQHO GXVW VHDO OLS
$SSO\ JUHDVH WR WKH VSHHGRPHWHU JHDU
HQJDJLQJ DQG VOLGLQJ SDUWV
,QVWDOO WKH EUDNH SDQHO E\ DOLJQLQJ WKH
VSHHGRPHWHU UHWDLQLQJ SDZOV ZLWK WKH KXE
FXWRXWV
Ϡ ,I QRW DOLJQHG WKH UHWDLQLQJ SDZO ZLOO EH
GHIRUPHG ZKHQ WKH D[OH QXW LV WLJKWHQHG
$IWHU LQVWDOOLQJ WKH D[OH WXUQ WKH ZKHHO WR
PDNH VXUH WKDW WKH VSHHGRPHWHU GULYH
VKDIW URWDWHV IUHHO\ &XWRXWV

$SSO\ D WKLQ FRDW RI JUHDVH WR WKH D[OH VKDIW


,QVWDOO WKH IURQW ZKHHO E\ DOLJQLQJ WKH EUDNH
SDQHO JURRYH ZLWK WKH IURQW IRUN WDE
,QVHUW WKH D[OH VKDIW
,QVWDOO DQG WLJKWHQ WKH D[OH QXW
7RUTXH aNJP
7RUTXH
,QVWDOO WKH IURQW EUDNH FDEOH DQG URWDWH WKH
IURQW WLUH WR FKHFN WKH VSHHGRPHWHU LI EH
SHUIRUPHG

$[OH 1XW

&RQQHFW WKH VSHHGRPHWHU FDEOH

6SHHGRPHWHU &DEOH


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

+<'5$8/,& %5$.( '5$:,1*


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

+<'5$8/,& %5$.( )5217 %5$.(


%5$.( )/8,' 5(3/$&(0(17$,5
%/((',1*
&KHFN WKH EUDNH IOXLG OHYHO RQ OHYHO JURXQG
Ϡ x :KHQ RSHUDWLQJ WKH EUDNH OHYHU WKH /RZHU /LPLW
EUDNH UHVHUYRLU FDS PXVW EH WLJKWHQHG
VHFXUHO\ WR DYRLG VSODVK RI EUDNH IOXLG
x :KHQ VHUYLFLQJ WKH EUDNH V\VWHP XVH
VKRS WRZHOV WR FRYHU SODVWLF SDUWV DQG
FRDWHG VXUIDFHV WR DYRLG GDPDJH
FDXVHG E\ VSODVK RI EUDNH IOXLG
+RVH

%5$.( )/8,' %/((',1*


,Q RUGHU WR DYRLG VSLOOLQJ EUDNH IOXLG FRQQHFW
D WUDQVSDUHQW KRVH WR WKH EOHHG YDOYH
:DUQLQJ
6SLOOHG EUDNH IOXLG RQ EUDNH SDGV RU
EUDNH GLVN UHGXFHV VWRSSLQJ SRZHU
&OHDQ WKH EUDNH SDGV DQG EUDNH GLVN
ZLWK D KLJKSHUIRUPDQFH EUDNH
GHJUHDVHU
)XOO\ DSSO\ WKH EUDNH OHYHU DQG WKHQ ORRVHQ
WKH EUDNH FDOLSHU EOHHG YDOYH WR GUDLQ WKH )URQW %UDNH &DOLSHU
EUDNH IOXLG XQWLO WKHUH LV QR DLU EXEEOHV LQ WKH 5HVHUYRLU
EUDNH IOXLG 7KHQ WLJKWHQ WKH EOHHG YDOYH
5HSHDW WKHVH VWHSV XQWLO WKH EUDNH V\VWHP LV
IUHH RI DLU
%5$.( )/8,' 5(),//,1*
$GG '27 EUDNH IOXLG WR WKH EUDNH UHVHUYRLU
Ϡ x :KHQ EOHHGLQJ EH FDUHIXO QRW WR DOORZ
DLU LQ WKH EUDNH UHVHUYRLU IORZLQJ LQWR
WKH EUDNH V\VWHP
x 1HYHU XVH GLUW\ RU XQVSHFLILHG EUDNH
IOXLG RU PL[ GLIIHUHQW EUDNH IOXLGV EH
FDXVH LW ZLOO GDPDJH WKH EUDNH V\VWHP

)L[HG5HHG
0DNH VXUH WR EOHHG DLU IURP WKH EUDNH V\VWHP
%5$.( 3$'',6. 5(3/$&(0(17
Ϡ
7KH EUDNH SDGV PXVW EH UHSODFHG DV D
VHW WR HQVXUH WKH EDODQFH RI WKH EUDNH
GLVN
5HPRYH WKH WZR EROWV DWWDFKLQJ WKH EUDNH
FDOLSHU
5HPRYH WKH EUDNH FDOLSHU
&RPSUHVV WKH EUDNH FDOLSHU VHDW DQG SUHVV
GRZQ WKH IL[HGUHHG WR WDNH RXW WKH EUDNH
SDGV


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

)L[HG5HHG

,QVWDOO WKH EUDNH SDGV LQ WKH UHYHUVH RUGHU RI


UHPRYDO
7LJKWHQ WKH EUDNH SDG SLQ EROW
7RUTXH ДNJP
7RUTXH
Ϡ
.HHS JUHDVH RU RLO RII WKH EUDNH SDGV WR
DYRLG EUDNH IDLOXUH
%UDNH 3DGV

%5$.( ',6.
0HDVXUH WKH EUDNH GLVN WKLFNQHVV
6HUYLFH /LPLW
/LPLW PP
0HDVXUH WKH EUDNH GLVN UXQRXW
6HUYLFH /LPLW
/LPLW PP

%5$.( 0$67(5 &</,1'(5


5(029$/
)LUVW GUDLQ WKH EUDNH IOXLG IURP WKH K\GUDXOLF
EUDNH V\VWHP
Ϡ x :KHQ VHUYLFLQJ WKH EUDNH V\VWHP XVH
VKRS WRZHOV WR FRYHU UXEEHU DQG
SODVWLF SDUWV DQG FRDWHG VXUIDFHV WR 0DVWHU &\OLQGHU
DYRLG EHLQJ FRQWDPLQDWHG E\ EUDNH
IOXLG
x :KHQ UHPRYLQJ WKH EUDNH IOXLG WXEH
EROW EH VXUH WR SOXJ WKH WXEH HQG WR
DYRLG EUDNH IOXLG OHDNDJH
',6$66(0%/<
5HPRYH WKH SLVWRQ UXEEHU FRYHU DQG VQDS
ULQJ IURP WKH EUDNH PDVWHU F\OLQGHU

6QDS 5LQJ


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

5HPRYH WKH PDLQ SLVWRQ DQG VSULQJ IURP WKH 'LDSKUDJP 0DLQ 0DVWHU &\OLQGHU
EUDNH PDVWHU F\OLQGHU 3LVWRQ
&OHDQ WKH LQVLGH RI WKH PDVWHU F\OLQGHU DQG
EUDNH UHVHUYRLU ZLWK EUDNH IOXLG

6QDS 5LQJ 6SULQJ

,163(&7,21
0HDVXUH WKH EUDNH PDVWHU F\OLQGHU ,'
,QVSHFW WKH PDVWHU F\OLQGHU IRU VFUDWFKHV RU
FUDFNV
6HUYLFH /LPLW
/LPLW PP

0HDVXUH WKH EUDNH PDVWHU F\OLQGHU SLVWRQ


2'
6HUYLFH /LPLW
/LPLW PP
%HIRUH DVVHPEO\ LQVSHFW WKH OVW DQG QG
UXEEHU FXSV IRU ZHDU RU GDPDJH

$66(0%/<
%HIRUH DVVHPEO\ DSSO\ EUDNH IOXLG WR DOO
UHPRYHG SDUWV
,QVWDOO WKH VSULQJ WRJHWKHU ZLWK WKH VW UXEEHU 'LDSKUDJP 0DLQ 0DVWHU &\OLQGHU
FXS 3LVWRQ
Ϡ x 'XULQJ DVVHPEO\ WKH PDLQ SLVWRQ DQG
VSULQJ PXVW EH LQVWDOOHG DV D XQLW
ZLWKRXW H[FKDQJH
x :KHQ DVVHPEOLQJ WKH SLVWRQ VRDN WKH
FXSV LQ EUDNH IOXLG IRU D ZKLOH
x ,QVWDOO WKH FXSV ZLWK WKH FXS OLSV IDFLQJ
WKH FRUUHFW GLUHFWLRQ
,QVWDOO WKH PDLQ SLVWRQ VSULQJ DQG VQDS ULQJ
,QVWDOO WKH GLDSKUDJP
,QVWDOO WKH EUDNH OHYHU 6QDS 5LQJ 6SULQJ


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

%ROWV
3ODFH WKH EUDNH PDVWHU F\OLQGHU RQ WKH
KDQGOHEDU DQG LQVWDOO WKH KROGHU ZLWK WKH ³XS´
PDUN IDFLQJ XS $OVR DOLJQ WKH SXQFK PDUN
ZLWK WKH KROGHU MRLQW VHDP
)LUVW WLJKWHQ WKH XSSHU EROW DQG WKHQ WLJKWHQ
WKH ORZHU EROW
7RUTXH ДNJP
7RUTXH

³8S´ 0DUN
,QVWDOO WKH EUDNH IOXLG WXEH ZLWK WKH DWWDFKLQJ :DVKHUV
EROW DQG WZR VHDOLQJ ZDVKHUV
,QVWDOO WKH KDQGOHEDU FRYHUV
&RQQHFW WKH IURQW DQG UHDU VWRS VZLWFK ZLUH
FRQQHFWRUV
)LOO WKH EUDNH UHVHUYRLU ZLWK UHFRPPHQGHG
EUDNH IOXLG WR WKH XSSHU OLPLW DQG EOHHG DLU
DFFRUGLQJ WR WKH PHWKRG VWDWHG LQ SDJH 

)OXLG 7XEH %ROW

%5$.( &$/,3(5 )5217


5(029$/
5HPRYH WKH EUDNH FDOLSHU DQG EUDNH SDG
VSULQJV
3ODFH D FOHDQ FRQWDLQHU XQGHU WKH EUDNH
FDOLSHU DQG GLVFRQQHFW WKH EUDNH IOXLG SLSH
IURP WKH FDOLSHU
Ϡ 'R QRW VSLOO EUDNH IOXLG RQ DQ\ FRDWHG
VXUIDFHV

%ROW
',6$66(0%/<
)L[HG5HHG
5HPRYH WKH EUDNH FDOLSHU VHDW IURP WKH
EUDNH FDOLSHU


%UDNH 3DGV

67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 
5HPRYH WKH SLVWRQV IURP WKH EUDNH FDOLSHU
,I QHFHVVDU\ XVH FRPSUHVVHG DLU WR VTXHH]H &RPSUHVVHG $LU
RXW WKH SLVWRQV WKURXJK WKH EUDNH IOXLG LQOHW
RSHQLQJ DQG SODFH D VKRS WRZHO XQGHU WKH
FDOLSHU WR DYRLG FRQWDPLQDWLRQ FDXVHG E\ WKH
UHPRYHG SLVWRQV
&KHFN HDFK SLVWRQ F\OLQGHU IRU VFUDWFKHV RU
ZHDU DQG UHSODFH LI QHFHVVDU\

3XVK WKH SLVWRQ RLO VHDOV RXWZDUG WR UHPRYH 3LVWRQ 2LO 6HDOV
WKHP
&OHDQ HDFK RLO VHDO JURRYH ZLWK EUDNH IOXLG
Ϡ %H FDUHIXO QRW WR GDPDJH WKH SLVWRQ
VXUIDFH

&KHFN HDFK SLVWRQ IRU VFUDWFKHV RU ZHDU


0HDVXUH HDFK SLVWRQ 2' ZLWK D PLFURPHWHU
JDXJH
6HUYLFH /LPLW
/LPLW PP

&KHFN HDFK FDOLSHU F\OLQGHU IRU VFUDWFKHV RU


ZHDU DQG PHDVXUH WKH F\OLQGHU ERUH
6HUYLFH /LPLW
/LPLW PP


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

$66(0%/<
&OHDQ DOO UHPRYHG SDUWV
$SSO\ VLOLFRQ JUHDVH WR WKH SLVWRQV DQG RLO
VHDOV /XEULFDWH WKH EUDNH FDOLSHU F\OLQGHU
LQVLGH ZDOO ZLWK EUDNH IOXLG
,QVWDOO WKH EUDNH FDOLSHU SLVWRQ ZLWK JURRYHG
VLGH IDFLQJ RXW
Ϡ ,QVWDOO WKH SLVWRQ ZLWK LWV RXWHU HQG
SURWUXGLQJ ДPP EH\RQG WKH EUDNH
FDOLSHU F\OLQGHU

)L[HG5HHG
:LSH RII H[FHVVLYH EUDNH IOXLG ZLWK D FOHDQ
VKRS WRZHO $SSO\ VLOLFRQ JUHDVH WR WKH
EUDNH FDOLSHU VHDW SLQ DQG FDOLSHU LQVLGH
,QVWDOO WKH EUDNH FDOLSHU VHDW

%UDNH 3DGV

,167$//$7,21
,QVWDOO WKH EUDNH FDOLSHU DQG WLJKWHQ WKH WZR
EROWV
7RUTXH ДNJP
7RUTXH
&RQQHFW WKH EUDNH IOXLG WXEH WR WKH EUDNH
FDOLSHU DQG WLJKWHQ WKH IOXLG WXEH EROW
7RUTXH ДNJP
7RUTXH
)LOO WKH EUDNH UHVHUYRLU ZLWK UHFRPPHQGHG
EUDNH IOXLG DQG EOHHG DLU IURP WKH EUDNH
V\VWHP &DOLSHU %ROWV

)5217 6+2&. $%625%(5


5(029$/
5HPRYH WKH IURQW FRYHU Ö
5HPRYH WKH IURQW ZKHHO
5HPRYH WKH IURQW VKRFN DEVRUEHU XSSHU
PRXQW EROWV
/RRVHQ WKH ORZHU PRXQW EROWV WR UHPRYH WKH
IURQW VKRFN DEVRUEHUV

0RXQW %ROW


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

,163(&7,21
,QVSHFW WKH IROORZLQJ LWHPV DQG UHSODFH LI
QHFHVVDU\
x)URQW VKRFN DEVRUEHU WXEH EHQGLQJ RU
GDPDJH
x:HDN IURQW VKRFN DEVRUEHU VSULQJ
x'DPSHU DQG GDPSHU URG EHQGLQJ
x2LO VHDO GDPDJH RU ZHDU

,167$//$7,21 0RXQW %RRW


,QVWDOO WKH IURQW VKRFN DEVRUEHUV RQWR WKH
VWHHULQJ VWHP
,QVWDOO DQG WLJKWHQ WKH IURQW VKRFN DEVRUEHU
XSSHU PRXQW EROWV
7LJKWHQ WKH ORZHU PRXQW EROWV
Ϡ $OLJQ WKH XSSHU PRXQW EROW KROH ZLWK WKH
JURRYH RQ WKH IURQW IRUN
)URQW VKRFN DEVRUEHUV DUH LQVWDOOHG DW
WKH VDPH DOWLWXGH

,QVWDOO WKH IURQW ZKHHO

67((5,1* +$1'/(%$5 %UDNH 0DVWHU &\OLQGHU

5(029$/
5HPRYH WKH KDQGOHEDU FRYHUV Ö
5HPRYH WKH UHDU EUDNH OHYHU KROGHU EROW WR
UHPRYH WKH KROGHU
5HPRYH WKH IURQW EUDNH PDVWHU F\OLQGHU
KROGHU EROWV WR UHPRYH WKH EUDNH PDVWHU
F\OLQGHU

%ORWV


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

5HPRYH WKH WKURWWOH VHDW VFUHZ


6FUHZ
6FUHZV

7KURWWOH 3LSH

5HPRYH WKH WKURWWOH VHDW IURP WKH KDQGOHEDU


DQG GLVFRQQHFW WKH WKURWWOH FDEOH IURP WKH
WKURWWOH SLSH
5HPRYH WKH WKURWWOH SLSH IURP WKH KDQGOHEDU

5HPRYH WKH VWHHULQJ VWHP ORFN EROW FROODU


QXW DQG WKH KDQGOHEDU

1XW

67((5,1* 67(0
5(029$/
5HPRYH WKH VWHHULQJ VWHP ORFN QXW
6SHFLDO

6WHHULQJ 6WHP /RFN 1XW :UHQFK


/RFN 1XW ZUHQFK

6WHHULQJ 6WHP /RFN 1XW :UHQFK


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

7RS &RQH 5DFH


5HPRYH WKH WRS FRQH UDFH
Ϡ
x %H FDUHIXO QRW WR ORVH WKH VWHHO EDOOV
 RQ WRS UDFH DQG  RQ ERWWRP
UDFH 
x &OHDQ WKH RSHQLQJV RI IUDPH FRYHUV
ZLWK FOHDQ VKRS WRZHOV

5HPRYH WKH IURQW IRUN

%27720 &21( 5$&( 5(3/$&(0(17


5HPRYH WKH ERWWRP FRQH UDFH XVLQJ D FKLVHO
Ϡ %H FDUHIXO QRW WR GDPDJH WKH VWHHULQJ
VWHP DQG IURQW IRUN

'ULYH D QHZ ERWWRP FRQH UDFH LQWR SODFH ZLWK


D SURSHU GULYHU

%RWWRP &RQH 5DFH


%DOO 5DFH 5HPRYHU

%$// 5$&( 5(3/$&(0(17


'ULYH RXW WKH WRS DQG ERWWRP EDOO UDFHV

2XWHU 'ULYHU
'ULYH QHZ WRS DQG ERWWRP EDOO UDFHV LQWR WKH
VWHHULQJ KHDG XVLQJ WKH RXWHU GULYHU
6SHFLDO
2XWHU 'ULYHU


67((5,1* +$1'/(%$5)5217 :+((/)5217 %5$.()5217 6+2&.
$%625%(5)5217 )25. /,.( 

7RS 6WHHO %DOO

,167$//$7,21
,QVWDOO WKH WRS DQG ERWWRP VWHHO EDOOV
$SSO\ JUHDVH WR WKH WRS DQG ERWWRP EDOO UDFHV
DQG LQVWDOO  VWHHO EDOOV RQ WKH WRS EDOO UDFH
DQG  VWHHO EDOOV RQ WKH ERWWRP EDOO UDFH

$SSO\ JUHDVH WR WKH EDOO UDFHV DQG LQVWDOO WKH


IURQW IRUN
$SSO\ JUHDVH WR WKH WRS FRQH UDFH DQG LQVWDOO
LW
7LJKWHQ WKH WRS FRQH UDFH DQG WKHQ WXUQ WKH
VWHHULQJ VWHP ULJKW DQG OHIW VHYHUDO WLPHV WR
PDNH VWHHO EDOOV FRQWDFW HDFK RWKHU FORVHO\

Ϡ &KHFN WKDW WKH VWHHULQJ VWHP URWDWHV 7RS &RQH 5DFH


IUHHO\ ZLWKRXW YHUWLFDO SOD\ 7RS &RQH 5DFH /RFN 1XW :UHQFK

,QVWDOO WKH VWHHULQJ VWHP ORFN QXW DQG WLJKWHQ


LW ZKLOH KROGLQJ WKH WRS FRQH UDFH
7RUTXH ДNJP
7RUTXH
,QVWDOO WKH IURQW ZKHHO Ö

6WHHULQJ 6WHP /RFN 1XW :UHQFK

+$1'/(%$5 ,167$//$7,21
,QVWDOO WKH KDQGOHEDU RQWR WKH VWHHULQJ VWHP
WXEH DQG WKHQ LQVWDOO DQG WLJKWHQ WKH EROW
7RUTXH NJP
7RUTXH
,QVWDOO WKH IURQW ZKHHO Ö
,QVWDOO WKH EUDNH OHYHUV Ö
,QVWDOO WKH KDQGOHEDU FRYHUV
1XW


 5($5 :+((/5($5 %5$.(5($5
6+2&. $%625%(5 /,.( 


BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

5($5 :+((/5($5 %5$.(5($5


6+2&. $%625%(5
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6(59,&( ,1)250$7,21
7528%/(6+227,1*
5($5 :+((/ 
5($5 %5$.(

5($5 6+2&. $%625%(5 


 5($5 :+((/5($5 %5$.(5($5
/,.( 
6+2&. $%625%(5

NJP

NJP

NJP
NJP

NJP

NJP


 5($5 :+((/5($5 %5$.(5($5
6+2&. $%625%(5 /,.( 

6(59,&( ,1)250$7,21

63(&,),&$7,216

,WHP 6WDQGDUG PP 6HUYLFH /LPLW PP


5HDU ZKHHO ULP UXQRXW 
5HDU EUDNH GUXP ,'  
5HDU EUDNH OLQLQJ WKLFNQHVV  
5HDU VKRFN DEVRUEHU VSULQJ IUHH OHQJWK  

72548( 9$/8(6
5HDU D[OH QXW ДNJP
5HDU VKRFN DEVRUEHU XSSHU PRXQW EROW ДNJP
5HDU VKRFN DEVRUEHU ORZHU PRXQW EROW ДNJP

63(&,$/ 722/
5HDU VKRFN DEVRUEHU UHPRYHU
5HDU VKRFN DEVRUEHU FRPSUHVVRU

7528%/(6+227,1*
5HDU ZKHHO ZREEOLQJ
x %HQW ULP
x )DXOW\ WLUH
x $[OH QRW WLJKWHQHG SURSHUO\

6RIW UHDU VKRFN DEVRUEHU


x :HDN VKRFN DEVRUEHU VSULQJ

3RRU EUDNH SHUIRUPDQFH


x %UDNH QRW DGMXVWHG SURSHUO\
x &RQWDPLQDWHG EUDNH OLQLQJV
x :RUQ EUDNH OLQLQJV
x :RUQ EUDNH VKRHV DW FDP FRQWDFWLQJ DUHD
x :RUQ EUDNH FDP
x ,PSURSHU HQJDJHPHQW EHWZHHQ EUDNH DUP
DQG ZHDU LQGLFDWRU SODWH


 5($5 :+((/5($5 %5$.(5($5
/,.( 
6+2&. $%625%(5
5HDU $[OH 1XW
5($5 :+((/
5(029$/
5HPRYH WKH WZR H[KDXVW PXIIOHU MRLQW ORFN
QXWV
5HPRYH WKH WZR H[KDXVW PXIIOHU ORFN EROWV
5HPRYH WKH H[KDXVW PXIIOHU
5HPRYH WKH UHDU D[OH QXW WR UHPRYH WKH
UHDU ZKHHO

,163(&7,21
0HDVXUH WKH UHDU ZKHHO ULP UXQRXW
6HUYLFH /LPLWV
/LPLWV
5DGLDO  PP UHSODFH LI RYHU
$[LDO  PP UHSODFH LI RYHU

5HDU $[OH 1XW


,167$//$7,21
,QVWDOO WKH UHDU ZKHHO DQG DSSO\ 6$(
HQJLQH RLO WR WKH D[OH WKUHDGV 7KHQ WLJKWHQ
WKH UHDU D[OH QXW
7RUTXH YDOXHV
YDOXHV
5HDU D[OH QXW ДNJP


 5($5 :+((/5($5 %5$.(5($5
6+2&. $%625%(5 /,.( 

5($5 %5$.(
5HPRYH WKH UHDU ZKHHO Ö
,QVSHFW WKH UHDU EUDNH GUXP
0HDVXUH WKH UHDU EUDNH GUXP ,'
6HUYLFH /LPLW
/LPLW PP UHSODFH LI RYHU

%5$.( /,1,1* ,163(&7,21


0HDVXUH WKH EUDNH OLQLQJ WKLFNQHVV
6HUYLFH /LPLW
/LPLW PP UHSODFH LI EHORZ

Ϡ
.HHS RLO RU JUHDVH RII WKH EUDNH OLQLQJV

5($5 %5$.( ',6$66(0%/< %UDNH $UP %UDNH 6KRHV


5HPRYH WKH UHDU EUDNH DGMXVWLQJ QXW DQG
GLVFRQQHFW WKH UHDU EUDNH FDEOH
5HPRYH WKH UHDU EUDNH VKRHV

$GMXVWLQJ 1XW


 5($5 :+((/5($5 %5$.(5($5
/,.( 
6+2&. $%625%(5

5HPRYH WKH EUDNH FDP EROW WR UHPRYH WKH


EUDNH DUP ZHDU LQGLFDWRU SODWH DQG IHOW
VHDO
5HPRYH WKH EUDNH DUP

%UDNH $UP %UDNH &DP

5($5 %5$.( $66(0%/<


$SSO\ JUHDVH WR WKH DQFKRU SLQ DQG EUDNH
VKRH PRYLQJ SDUWV
$SSO\ JUHDVH WR WKH EUDNH FDP DQG LQVWDOO LW

*UHDVH

$SSO\ HQJLQH RLO WR WKH IHOW VHDO DQG LQVWDOO LW


WR WKH EUDNH FDP :HDU ,QGLFDWRU 3ODWH 3XQFK 0DUN
,QVWDOO WKH ZHDU LQGLFDWRU SODWH
Ϡ $OLJQ WKH ZLGH WRRWK RI WKH ZHDU
LQGLFDWRU SODWH ZLWK WKH ZLGH JURRYH RQ
WKH EUDNH FDP

,QVWDOO WKH EUDNH DUP RQWR WKH EUDNH FDP


Ϡ
$OLJQ WKH SXQFK PDUN RQ WKH EUDNH DUP
ZLWK WKH VFULEHG OLQH RQ WKH EUDNH FDP

,QVWDOO DQG WLJKWHQ WKH EUDNH DUP EROW


,QVWDOO WKH EUDNH DUP UHWXUQ VSULQJ
%UDNH $UP
,QVWDOO WKH EUDNH VKRHV


 5($5 :+((/5($5 %5$.(5($5
6+2&. $%625%(5 /,.( 

,QVWDOO WKH EUDNH DUP SLQ %UDNH &DEOH %UDNH $UP


&RQQHFW WKH EUDNH FDEOH DQG LQVWDOO WKH 
DGMXVWLQJ QXW
,QVWDOO WKH UHDU ZKHHO Ö
$GMXVW WKH UHDU EUDNH OHYHU IUHH SOD\
Ö

%UDNH $UP 3LQ $GMXVWLQJ 1XW

5($5 6+2&. $%625%(5 8SSHU 0RXQW %ROW


5(029$/
5HPRYH WKH IURQW FRYHU Ö
5HPRYH WKH PHWLQ ER[ Ö
5HPRYH WKH DLU FOHDQHU FDVH
5HPRYH WKH UHDU VKRFN DEVRUEHU XSSHU
DQG ORZHU PRXQW EROWV WR UHPRYH WKH UHDU
VKRFN DEVRUEHU

/RZHU 0RXQW %ROW

,167$//$7,21 5HDU 6KRFN $EVRUEHU


,QVWDOO WKH UHDU VKRFN DEVRUEHU
,QVWDOO WKH UHDU VKRFN DEVRUEHU XSSHU
PRXQW EROW DQG WKHQ LQVWDOO WKH ORZHU PRXQW
EROW
7RUTXH
7RUTXH
8SSHU 0RXQW %ROW%ROW ДNJP
/RZHU 0RXQW %ROW %ROW ДNJP
,QVWDOO WKH IUDPH ERG\ FRYHU Ö


15. ELECTRICAL EQUIPMENT LIKE 50/125

15
________________________________________________________________________________________________

________________________________________________________________________________________________

________________________________________________________________________________________________

________________________________________________________________________________________________

________________________________________________________________________________________________

ELECTRICAL EQUIPMENT
________________________________________________________________________________________________

SERVICE INFORMATION.................................................................................... 15- 1

TROUBLESHOOTING.......................................................................................... 15- 1

CHARGING SYSTEM........................................................................................... 15- 3


BATTERY ............................................................................................................. 15- 4

IGNITION SYSTEM .............................................................................................. 15- 7

STARTING SYSTEM............................................................................................ 15- 11

0
15. ELECTRICAL EQUIPMENT LIKE 50/125

SERVICE INFORMATION

GENERAL INSTRUCTIONS
• It is not necessary to check the battery electrolyte or fill with distilled water.
• Remove the battery from the motorcycle for charging. Do not remove the electrolyte cap..
• Do not quick charge the battery. Quick charging should only be done in an emergency..
• Charge the battery according to the charging current and time specified on the battery.
• When charging, check the voltage (open voltage) with an electric tester.
• When replacing the battery, do not use a traditional battery.

SPECIFICATIONS LIEK 50/125


Capacity 12V7AH
Voltage 13.0~13.2V
Battery
Charging Standard 0.4A/5H
current Quick 4A/0.5H
Spark plug (NGK) CR7HSA
Spark plug gap 0.6~0.7mm
Primary coil 0.2~0.3Ω
Secondary coil
Ignition coil resistance (with plug cap) 7.0~8.4KΩ
Secondary coil
(without plug cap) 2.5~3.2KΩ
Pulser coil resistance (20℃) 80~160Ω
Ignition timing 13.5°±1°BTDC/2000rpm

TROUBLESHOOTING

CHARGING SYSTEM
No power Intermittent power
• Dead battery • Loose battery cable connection
• Disconnected battery cable • Loose charging system connection
• Fuse burned out • Loose connection or short circuit in ignition system
• Faulty ignition switch • Loose connection or short circuit in lighting system

Low power Charging system failure


• Weak battery • Loose, broken or shorted wire or connector
• Loose battery connection • Faulty regulator/rectifier
• Charging system failure • Faulty A.C. generator
• Faulty regulator/rectifier

1
15. ELECTRICAL EQUIPMENT LIKE 50/125

IGNITION SYSTEM
No spark at plug Engine starts but turns poorly
• Faulty spark plug • Ignition primary circuit
• Poorly connected, broken or shorted wire —Faulty ignition coil
—Between A.C. generator and CDI unit —Poorly connected wire or connector
—Between CDI unit and ignition coil • Ignition secondary circuit
—Between CDI unit and ignition switch —Faulty ignition coil
—Between ignition coil and spark plug —Faulty spark plug
• Faulty ignition switch —Poorly insulated plug cap
• Faulty ignition coil • Improper ignition timing
• Faulty CDI unit —Battery voltage too low (6V max.)
• Faulty A.C. generator —Faulty CDI unit

STARTING SYSTEM
Starter motor won‘t turn Lack of power
• Fuse burned out • Weak battery
• Weak battery • Loose wire or connection
• Faulty ignition switch • Foreign matter stuck in starter motor
• Faulty starter switch or pinion
• Faulty front or rear stop switch Starter motor rotates but engine does
• Faulty starter relay not start
• Poorly connected, broken or shorted wire • Faulty starter pinion
• Faulty starter motor • Starter motor rotates reversely
• Faulty starter clutch
• Weak battery

2
15. ELECTRICAL EQUIPMENT LIKE 50/125

CHARGING SYSTEM
Dimmer Switch

Ignition Switch

Resistor

A.C. Generator

3
15. ELECTRICAL EQUIPMENT LIKE 50/125

BATTERY REMOVAL
Remove the battery cover.
Disconnect the battery cables .

First disconnect the battery negative (-)
cable and then the positive (+) cable.

Remove the battery.


The installation sequence is the reverse of
removal.

BATTERY CHARGING (OPEN CIRCUIT


VOLTAGE) INSPECTION
Remove the battery cover and disconnect Battery Cover
the battery cables.
Measure the voltage between the battery
terminals.
Fully charged : 13.0V~13.2V
Undercharged : 12.3V max.

Battery charging inspection must be
performed with an electric tester.

CHARGING METHOD
Connect the charger positive (+) cable to
the battery positive (+) cable.
Connect the charger negative (-) cable to
the battery negative (-) cable.
* • Keep flames and sparks away from a
charging battery.
• Turn power ON/OFF at the charger, not
at the battery terminals to prevent sparks
near the battery.
• Charge the battery according to the
current specified on the battery surface.
Black Red
Charging current:Standard: 0.4A
Quick : 4A
Charging time : Standard: 5 hours
Quick : 0.5 HOUR
After charging: Open circuit voltage: 12.8V min.
* • Quick charging should only be done in
an emergency.
• During quick charging, the battery
temperature should not exceed 45℃.
• Measure the voltage 30 minutes after
the battery is charged.

4
15. ELECTRICAL EQUIPMENT LIKE 50/125
PERFORMANCE TEST
Warm up the engine.
Remove the floor mat and front tool box
cover.

Use a fully charged battery to check the
charging system output.

Stop the engine and open the fuse box.


Disconnect the wire lead from the fuse
terminal. Connect an ammeter between
the wire lead and fuse terminal as shown.
Connect the battery positive (+) terminal to
the voltmeter positive (+) probe and battery
negative (-) terminal to the voltmeter
negative (-) probe.
Start the engine, gradually increase engine
speed to test the output:
Position
Day Night
RPM
2500 1.3A min. 1.0A min.
6000 2.0A min. 2.0A min.

Charging Limit Voltage: 14.5±0.5V/8000rpm


If the limit voltage is not within the specified
range, check the regulator/ rectifier.

A.C. GENERATOR (CHARGING COIL)


INSPECTION
* A.C. Generator Connector
Inspect with the engine installed.

Remove the met-in box. (Ö12)


Disconnect the A.C. generator connector.
Measure the resistances between the
charging coil terminals (white–green) and
lighting coil terminals (yellow–green).
Resistances:
Charging coil white–green 0.4~2Ω
Lighting coil yellow–green 0.3~2Ω

Refer to 7-3 for A.C. generator removal.

5
15. ELECTRICAL EQUIPMENT LIKE 50/125

Resister
RESISTOR INSPECTION
Remove the frame front cover. (Ö12)
Measure the resistance between the
resistor with ground.

Resistances:
Resistor: 4.5~5.5Ω


Faulty resistor is the cause of faulty
operation of the auto bystarter.

REGULATOR/RECTIFIER INSPECTION
Remove the front cover. (Ö12)
Disconnect the regulator/rectifier wire
coupler and remove the bolt to remove the
regulator/rectifier.

Measure the resistances between the


terminals.
Replace the regulator/rectifier if the
readings are not within the specifications in
the table below.

• Due to the semiconductor in circuit, it
is necessary to use a specified tester
for accurate testing. Use of an
improper tester in an improper range
may give false readings.
Regulator/Rectifier
• Use a Sanwa Electric Tester (07208-
0020000) or Kowa Electric Tester
(TH-5H). The proper range for
testing is listed below.
Black Green
Pink
Model Brand Range
SP-10D Sanwa KΩ
TH-5H Kowa 100Ω

Red Yellow

6
15. ELECTRICAL EQUIPMENT LIKE 50/125

IGNITION SYSTEM

Ignition Switch
Ignition Coil

Spark Plug

A.C. Generator (Exciter Coil)

7
15. ELECTRICAL EQUIPMENT LIKE 50/125

IGNITION COIL INSPECTION


Continuity Test

This test is to inspect the continuity of
ignition coil.

Remove the met-in box. (Ö12)


Measure the resistance between the
ignition coil primary coil terminals.
Resistance (20℃): 0.153~0.187Ω

Measure the secondary coil resistance


between the spark plug cap and the primary
coil terminal as Figure A shown.
Resistance (20℃) (with plug cap):
10~14KΩ

Figure B
Figure A

Measure the secondary coil resistance


between the ignition coil terminal and the
primary coil terminal as Figure B shown.
Resistance (20℃) (without plug cap):
7~9KΩ

Ignition Coil
8
15. ELECTRICAL EQUIPMENT LIKE 50/125

Performance Test
Remove the ignition coil.

Inspect the ignition coil with an ignition coil


tester. Ignition Coil

Follow the ignition coil tester manufac-
turer‘s instructions.

1. Turn the changeover switch to 12V and


connect the ignition coil to the tester.
2. Turn the power switch ON and check the
spark from the watch window.
‧Good : Normal and continuous spark
‧Faulty : Weak or intermittent spark

The test is performed at both conditions
that the ignition coil is cold and hot.

A.C. GENERATOR
Exciter Coil/Pulser Coil Inspection

This test is performed with the stator
installed in the engine.
Remove the met-in box. (Ö12)
Disconnect the A.C. generator wire
connector.
Measure the pulser coil resistance between
the blue/yellow wire and ground.
Resistance (20℃): 100~150Ω

9
15. ELECTRICAL EQUIPMENT LIKE 50/125

CDI UNIT INSPECTION


Remove the front cover.
Disconnect the CDI coupler and remove the
CDI unit.

CDI Unit

CDI CIRCUIT INSPECTION


Measure the resistance between the Blue/ Yellow
terminals. Black/Blue
Replace the CDI unit if the readings are not
within the specifications in the table below.
*• Due to the semiconductor in circuit, it is
necessary to use a specified tester for
accurate testing. Use of an improper
tester in an improper range may give
false readings.
• Use a Sanwa Electric Tester or Kowa
Electric Tester (TH-5H).
• In this table, “Needle swings then
returns” indicates that there is a charging
current applied to a condenser. The needle Violet/Red
will then remain at “∞” unless the Violet/ Black Black / Blue
condenser is discharged. Green

Green/ Black
Use the x KΩ range for the Sanwa Tester.
Use the x 100Ω range for the Kowa Tester.

Unit: Ω
Probe⊕ Blue/ Black/
Black Green
(-)Probe Yellow Yellow

Black 4~7MΩ 4~7MΩ 2~3MΩ

Blue/
15~20KΩ 600~900Ω 1000~1500KΩ
Yellow

Green 15~20MΩ 600~900Ω 4~7MΩ

Black/
∞ ∞ ∞
Yellow

10
15. ELECTRICAL EQUIPMENT LIKE 50/125

STARTING SYSTEM

Starter Button
Starter Relay

Ignition Switch

Starter Motor

11
15. ELECTRICAL EQUIPMENT LIKE 50/125

Starter Relay

STARTER RELAY INSPECTION


Remove the foot-floor cover.
Disconnect the starter relay coupler and
then remove the starter relay.

Connect the starter relay (D) terminal to the


12V battery positive (+) terminal and the
relay (C) terminal to the battery negative (-)
terminal. Check for continuity between
the starter relay (A) and (B) terminals.
The relay is normal if there is continuity.

STARTER MOTOR REMOVAL


Disconnect the starter motor cable.
Remove the two bolts attaching the starter
motor and remove the starter motor.
The installation sequence is the reverse of
removal.

Starter Motor
12
15. ELECTRICAL EQUIPMENT LIKE 50/125

STARTER MOTOR INSPECTION Starter Motor


Connect a battery across the starter motor Battery (+) Terminal
and check for its operation.

* 1. Do not turn the starter motor for a


long time.
2. This inspection should be done with a
fully charged battery.

Battery

13
 ,167580(176:,7&+(6/,*+76 /,.( 


``````````````````````````````````````````````````````````````````````````````````````````

``````````````````````````````````````````````````````````````````````````````````````````

``````````````````````````````````````````````````````````````````````````````````````````

``````````````````````````````````````````````````````````````````````````````````````````

``````````````````````````````````````````````````````````````````````````````````````````

,167580(176:,7&+(6/,*+76
``````````````````````````````````````````````````````````````````````````````````````````

6(59,&( ,1)250$7,21
7528%/(6+227,1*
)8(/ 81,7 

6:,7&+(6
6723 6:,7&+ ,163(&7,21+251 
)5217 7851 6,*1$/ /,*+7 5(3/$&(0(17

,167580(17+($'/,*+7


 ,167580(176:,7&+(6/,*+76 /,.( 

6(59,&( ,1)250$7,21

*(1(5$/ ,16758&7,216
x :LUHV VKRXOG EH FRQQHFWHG WR RWKHU ZLUHV RI WKH VDPH FRORU &RXSOHUV PXVW EH FRQQHFWHG WR
RWKHU FRXSOHUV RI WKH VDPH FRORU
x $OO SODVWLF SOXJV KDYH ORFNLQJ WDEV WKDW PXVW EH UHOHDVHG EHIRUH GLVFRQQHFWLQJ DQG PXVW EH
DOLJQHG ZKHQ UHFRQQHFWLQJ
x $IWHU LQVWDOODWLRQ RI HDFK VZLWFK D FRQWLQXLW\ FKHFN PXVW EH SHUIRUPHG

7528%/(6+227,1*

/LJKWV GR QRW FRPH RQ ZKHQ LJQLWLRQ 0RWRU RLO LQGLFDWRU OLJKW GRHV QRW FRPH RQ
VZLWFK LV ³21
21´´ ZKHQ PRWRU RLO LV LQVXIILFLHQW
x %XUQHG EXOE x )XVH EXUQHG RXW
x )DXOW\ VZLWFK x 'HDG EDWWHU\
x %URNHQ RU VKRUWHG ZLUH x )DXOW\ LJQLWLRQ VZLWFK
x )XVH EXUQHG RXW x )DXOW\ LQVWUXPHQW
x :HDN EDWWHU\ x )DXOW\ RLO PHWHU
x 3RRUO\ FRQQHFWHG ZLUH
x )DXOW\ ZLQNHU 0RWRU RLO LQGLFDWRU OLJKW ZLQNV
x /RRVH ZLUH FRQQHFWLRQ
/LJKW GLPV x %URNHQ ZLUH
x )DXOW\ LJQLWLRQ FRLO x )DXOW\ RLO PHWHU
x :LUH RU VZLWFK UHVLVWDQFH WRR KLJK
x )DXOW\ UHJXODWRUUHFWLILHU )XHO JDXJH SRLQWHU GRHV QRW UHJLVWHU
FRUUHFWO\
+HDGOLJKW GRHV QRW FKDQJH ZKHQ GLPPHU x 'LVFRQQHFWHG ZLUH RU FRQQHFWRU
VZLWFK LV WXUQ WR +L RU /R x %URNHQ ZLUH
x )DXOW\ RU EXUQHG EXOE x )DXOW\ IORDW
x )DXOW\ GLPPHU VZLWFK x )DXOW\ IXHO XQLW
x )DXOW\ LQVWUXPHQW

)XHO JDXJH SRLQWHU IOXFWXDWHV RU VZLQJV


x /RRVH ZLUH FRQQHFWLRQ
x )DXOW\ IXHO XQLW
x )DXOW\ LQVWUXPHQW


 ,167580(176:,7&+(6/,*+76 /,.( 

)8(/ 81,7
Ϡ )XHO 8QLW
1R 6PRNLQJ

5(029$/
5HPRYH WKH VHDW
5HPRYH WKH ERG\ FRYHU
'LVFRQQHFW WKH IXHO XQLW ZLUH FRQQHFWRUV
Ϡ 'R QRW GDPDJH WKH IXHO XQLW ZLUH
5HPRYH WKH IXHO XQLW

Ϡ %H FDUHIXO QRW WR EHQG RU GDPDJH WKH


IXHO XQLW IORDW DUP
)XHO 8QLW :LUH

,163(&7,21
5HPRYH WKH IXHO XQLW
0HDVXUH WKH UHVLVWDQFH EHWZHHQ WKH IXHO
XQLW ZLUH WHUPLQDOV ZLWK WKH IORDW DW XSSHU
DQG ORZHU SRVLWLRQV
5(6,67$1&(6 8QLW :
:LUH 7HUPLQDOV 8SSHU /RZHU
*Д<: Д Д

)8(/ *$8*( ,163(&7,21


&RQQHFW WKH IXHO XQLW ZLUH FRQQHFWRUV DQG
WXUQ WKH LJQLWLRQ VZLWFK ³21´
Ϡ %HIRUH SHUIRUPLQJ WKH IROORZLQJ WHVW
RSHUDWH WKH WXUQ VLJQDOV WR GHWHUPLQH
WKDW WKH EDWWHU\ FLUFXLW LV QRUPDO

&KHFN WKH IXHO JDXJH QHHGOH IRU FRUUHFW


LQGLFDWLRQ E\ PRYLQJ WKH IXHO XQLW IORDW XS
DQG GRZQ
)ORDW 3RVLWLRQ 1HHGOH 3RVLWLRQ
8SSHU ³)´ )XOO
/RZHU ³(´ (PSW\


 ,167580(176:,7&+(6/,*+76 /,.( 

)XHO 8QLW
,167$//$7,21
7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI
UHPRYDO
Ϡ x ,QVWDOO WKH IXHO XQLW DW WKH FRQQHFW
SRVLWLRQ

:LUH &RQQHFWRU


 ,167580(176:,7&+(6/,*+76 /,.( 

6:,7&+(6
,*1,7,21 6:,7&+ ,163(&7,21
5HPRYH WKH IURQW FRYHU Ö
'LVFRQQHFW WKH LJQLWLRQ VZLWFK ZLUH FRXSOHUV
DQG FKHFN IRU FRQWLQXLW\ EHWZHHQ WKH ZLUH
WHUPLQDOV
&RORU 5HG %ODFN:KLWH *UHHQ %ODFN
6\PERO %$7 ,* ( %$7
/2&. Ϥ Ϥ
2)) Ϥ Ϥ
21 Ϥ Ϥ

%ROWV

,*1,7,21 6:,7&+ 5(3/$&(0(17


5HPRYH WKH IURQW FRYHU Ö
'LVFRQQHFW WKH LJQLWLRQ VZLWFK ZLUH FRXSOHUV
5HPRYH WKH WZR PRXQWLQJ EROWV DQG
UHPRYH WKH LJQLWLRQ VZLWFK
7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI
UHPRYDO


 ,167580(176:,7&+(6/,*+76 /,.( 

'LPPHU 6ZLWFK
',00(5 6:,7&+ ,163(&7,21
&KHFN IRU FRQWLQXLW\ EHWZHHQ ZLUH WHUPLQDOV
&RORU :/ / :H <
6\PERO +/ +, /2 %$7
+, Ϥ Ϥ
/2 Ϥ Ϥ
3$66,1* Ϥ Ϥ

3DVVLQJ 6ZLWFK
7851 6,*1$/ 6:,7&+ ,163(&7,21
&KHFN IRU FRQWLQXLW\ EHWZHHQ WKH ZLUH
WHUPLQDOV
&RORU 6% 2 *5
6\PERO 5 / :5
5 Ϥ Ϥ
/ Ϥ Ϥ

7XUQ 6LJQDO 6ZLWFK


 ,167580(176:,7&+(6/,*+76 /,.( 

67$57(5 6:,7&+ ,163(&7,21


&KHFN IRU FRQWLQXLW\ EHWZHHQ ZLUH WHUPLQDOV
3XVK WKH VWDUWHU EXWWRQ ZKHQ PHDVXULQJ
&RORU <5 *
6\PERO 67 (
)5((
386+ Ϥ Ϥ

6WDUWHU 6ZLWFK

+251 6:,7&+ ,163(&7,21


&KHFN IRU FRQWLQXLW\ EHWZHHQ ZLUH WHUPLQDOV
3XVK WKH KRUQ EXWWRQ ZKHQ PHDVXULQJ
&RORU /LJKW *UHHQ %URZQ  %OXH
6\PERO +2 %$7
)5((
386+ Ϥ Ϥ

+RUQ 6ZLWFK
6WRS 6ZLWFK :LUH

6723 6:,7&+ ,163(&7,21


5HPRYH WKH KDQGOHEDU IURQW FRYHU Ö
'LVFRQQHFW WKH IURQW DQG UHDU VWRS VZLWFK
ZLUH FRXSOHUV
&KHFN IRU FRQWLQXLW\ EHWZHHQ WKH ZLUH
WHUPLQDOV ZKHQ WKH IURQWUHDU EUDNH OHYHU LV
DSSOLHG


 ,167580(176:,7&+(6/,*+76 /,.( 

+RUQ 7HUPLQDO
+251 ,163(&7,21
5HPRYH WKH IUDPH IURQW FRYHU Ö
'LVFRQQHFW WKH KRUQ ZLUH FRXSOHUV 7KH
KRUQ LV QRUPDO LI LW VRXQGV ZKHQ D 9
EDWWHU\ LV FRQQHFWHG DFURVV WKH KRUQ ZLUH
WHUPLQDOV

)5217 7851 6,*1$/ /,*+7


5(3/$&(0(17
5HPRYH WKUHH VFUHZV DWWDFKLQJ WKH WXUQ
VLJQDO OLJKW VHW DQG UHPRYH WKH OLJKW VHW

Ϡ 5HSODFH ZLWK QHZ VHW RI WKH VDPH


VSHFLILFDWLRQV

7XUQ 6LJQDO /LJKW 6HW

7$,//,*+76723/,*+75($5 7851
6,*1$/ /,*+7 %8/% 5(3/$&(0(17
7DLOOLJKW %DVH 5HPRYDO
5HPRYH WKH UHDU SURWHFWLYH FRYHU
5HPRYH WKH VHDW
5HPRYH WKH ERG\ FRYHU
5HPRYH WKH WDLOOLJKW EDVH
7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI
UHPRYH

7DLOOLJKW %DVH


 ,167580(176:,7&+(6/,*+76 /,.( 
%XOE 6RFNHW
,167580(176
%8/% 5(3/$&(0(17
5HPRYH WKH KDQGOHEDU UHDU FRYHU Ö
5HPRYH WKH EXOE VRFNHW DQG UHSODFH WKH
EXOE
7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI
UHPRYDO

%ROWV
,167580(176 5(3/$&(0(17
5HPRYH WKH KDQGOHEDU UHDU FRYHU Ö
'LVFRQQHFW WKH ULJKW DQG OHIW KDQGOHEDU
VZLWFKHV ZLUH FRXSOHUV
'LVFRQQHFW WKH VSHHGRPHWHU FDEOH
5HPRYH WKH LQVWUXPHQW EXOE VRFNHWV
'LVFRQQHFW WKH WZR IXHO JDXJH ZLUHV
5HPRYH WKH LQVWUXPHQW ZLUH FODPS VFUHZ
5HPRYH WKH WKUHH VFUHZV DWWDFKLQJ WKH
LQVWUXPHQWV WR WKH KDQGOHEDU UHDU FRYHU
5HPRYH WKH LQVWUXPHQWV

)XHO *DXJH 6WRS /LJKW 6SHHGRPHW 7XUQ 6LJQDO


:LUHV :LUHV HU :LUHV
&DEOH
+($'/,*+7
5(029$/%8/% 5(3/$&(0(17
5HPRYH WKH KDQGOHEDU UHDU FRYHU Ö
5HPRYH WKH EXOE VRFNHWV DQG EXOEV
Ϡ x 7KH PRGHO DGRSWV NU\SWRQ JDV EXOE
:KHQ LQVWDOOLQJ GR QRW GLUHFWO\ WRXFK
WKH EXOE JODVV ZLWK ILQJHUV
x 8VH EXOEV RI WKH VDPH VSHFLILFDWLRQV
IRU UHSODFHPHQW

7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI


UHPRYDO

%XOE 6RFNHWV


 (;+$867 (0,66,21 &21752/
6<67(0 /,.( 


BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

(;+$867 (0,66,21 &21752/ 6<67(0


BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

6&+(0$7,& '5$:,1* 


(;+$867 (0,66,21 &21752/ 6<67(0  
7528%/(6+227,1* 
6(59,&( ,1)250$7,21 
6(&21'$5< $,5 &/($1(5 
$,5 ,1-(&7,21 &872)) 9$/9( $,&9  
5((' 9$/9( 


 (;+$867 (0,66,21 &21752/
/,.( 
6<67(0

6&+(0$7,& '5$:,1*

(;+$867 (0,66,21 &21752/ 6<67(0


7KH H[KDXVW HPLVVLRQ FRQWURO V\VWHP DGRSWHG LQ WKLV PRGHO XWLOL]HV WKH UHHG YDOYH WR GUDZ
VHFRQGDU\ DLU LQWR WKH H[KDXVW V\VWHP IRU UHFRPEXVWLRQ E\ PHDQV RI H[KDXVW SXOVDWLRQ VR DV WR
PLQLPL]H WKH H[KDXVW HPLVVLRQ

)81&7,21
,WHP 3XUSRVH )XQFWLRQ
,W ILOWHUV WKH IUHVK DLU GUDZQ IRU UHEXUQLQJ WR
6HFRQGDU\ $LU
)LOWHU VHFRQGDU\ DLU SUHYHQW GLUW RU GXVW IURP DIIHFWLQJ WKH RSHUDWLRQ RI
&OHDQHU
WKH DLU LQMHFWLRQ FXWRII YDOYH
7KH DLU LQMHFWLRQ FXWRII YDOYH XVXDOO\ RSHQV WR OHDG
DLU LQWR WKH H[KDXVW PXIIOHU LQ ZKLFK DLU LV UH
3UHYHQW H[KDXVW
$LU ,QMHFWLRQ &XW EXUQHG WR UHGXFH &2 :KHQ WKH WKURWWOH YDOYH
PXIIOHU QRLVH DQG
RII 9DOYH FORVHV VXGGHQO\ WKH DLU LQMHFWLRQ FXWRII YDOYH LV
EDFNILULQJ DW VXGGHQ
DFWXDWHG E\ YDFXXP WR FORVH DQG FXW RII
GHFHOHUDWLRQ
VHFRQGDU\ DLU LQ RUGHU WR SUHYHQW H[KDXVW PXIIOHU
EDFNILULQJ GXH WR DLU LQ WKH H[KDXVW V\VWHP
:KHQ WKH PRWRUF\FOH VSHHG LV OHVV WKDQ NP SHU
&RQWURO WKH VHFRQGDU\
5HHG 9DOYH KRXU WKH UHHG YDOYH RSHUDWHV WR GUDZ VHFRQGDU\
DLU LQOHW WR UHGXFH &2
DLU LQWR WKH H[KDXVW V\VWHP IRU UHFRPEXVWLRQ


 (;+$867 (0,66,21 &21752/
6<67(0 /,.( 

7528%/(6+227,1*
+LJK &2 DW LGOH VSHHG
 'DPDJHG RU FORJJHG UHHG YDOYH
 'DPDJHG RU FORJJHG DLU LQMHFWLRQ FXWRII YDOYH
 &ORJJHG DLU FOHDQHU

%DFNILULQJ DW VXGGHQ GHFHOHUDWLRQ


 'DPDJHG UHHG YDOYH PDOIXQFWLRQ
 )DXOW\ DLU LQMHFWLRQ FXWRII YDOYH XQDEOH WR FORVH
 &DUEXUHWRU LQFRUUHFWO\ DGMXVWHG
 )DXOW\ DLU FXWRII YDOYH
 /HDNLQJ YDFXXP WXEH

([KDXVW PXIIOHU QRLVH


 )DXOW\ DLU LQMHFWLRQ FXWRII YDOYH
 %URNHQ YDFXXP WXEH
 )DXOW\ UHHG YDOYH

6(59,&( ,1)250$7,21
*(1(5$/ ,16758&7,216
x 'XULQJ RSHUDWLRQ EH FDUHIXO WR DYRLG VFDOGLQJ FDXVHG E\ WKH H[KDXVW PXIIOHU
x 1RWH WKH ORFDWLRQV RI WXEHV IRU SURSHU LQVWDOODWLRQ
x 5HSODFH DQ\ GDPDJHG WXEH ZLWK D QHZ RQH
x 0DNH VXUH WR WLJKWHQ WKH FRQQHFWRU RI HDFK WXEH VHFXUHO\

722/6
x 9DFXXP SXPS

63(&,),&$7,216
$LU LQMHFWLRQ FXWRII YDOYH DFWXDWLQJ SUHVVXUHЁ
PP+JЁ OLWHUPLQ
5HHG YDOYH VWRSSHU FOHDUDQFHЁPP


 (;+$867 (0,66,21 &21752/
/,.( 
6<67(0
6(&21'$5< $,5 &/($1(5  $,5
6(&21'$5<
,1-(&7,21 &21752/ 9$/9( $,&9 6HFRQGDU\ $LU &OHDQHU  $,&9

5(029$/
5HPRYH WKH VHDW Ö
5HPRYH WKH ERG\ FRYHU
'LVFRQQHFW WKH VHFRQGDU\ DLU FOHDQHU
 $,&9 FRQQHFWLQJ WXEH

,163(&7,21
5HPRYH WZR VFUHZV RQ WKH DLU FOHDQHUDLU $LU ,QOHW 7XEH %ROW
LQMHFWLRQ FRQWURO YDOYH $LU 2XWOHW 7XEH
5HSODFH QHZ RQH ZKHQ WKH ILOWHU HOHPHQWV
REVWUXFW FRQVLGHUDEOH GLUW

,167$//$7,21
7KH LQVWDOODWLRQ VHTXHQFH LV WKH UHYHUVH RI
UHPRYDO

Ϡ x 7KH VHFRQGDU\ DLU FOHDQHU PXVW EH


DVVHPEOHG DQG LQVWDOOHG SURSHUO\ WR
DYRLG GXVW HQWHULQJ WKH DLU FOHDQHU $LU ,QOHW 7XEH 9DFXXP 7XEH
x :KHQ LQVWDOOLQJ EH FDUHIXO QRW WR
EHQG RU WZLVW WKH WXEHV DQG FKHFN
IRU SURSHU LQVWDOODWLRQ
x 7KH WXEH OHQJWK LV YHU\ LPSRUWDQW WR
LWV SHUIRUPDQFH XVH WKH WXEH RI
VDPH VSHFLILFDWLRQ IRU UHSODFHPHQW


 (;+$867 (0,66,21 &21752/
6<67(0 /,.( 

5HHG 9DOYH &RYHU &\OLQGHU +HDG &RYHU


5((' 9$/9(
5(029$/
'LVFRQQHFW WKH VHFRQGDU\ DLU LQOHW WXEH
FRQQHFWRU
5HPRYH WKH UHHG YDOYH FRYHU WKUHH EROWV

6HFRQGDU\ $LU ,QOHW 7XEH

5HPRYH WKH WKUHH EROWV DWWDFKLQJ WKH UHHG


YDOYH FRYHU DQG WKH UHHG YDOYH

5HHG 9DOYH

,163(&7,21
&KHFN WKH UHHG YDOYH IRU FUDFNV GDPDJH
ELJ FOHDUDQFH RU ZHDN UHHGV 5HSODFH LI
QHFHVVDU\
&KHFN WKH JDVNHW DQG 2ULQJ IRU GDPDJH RU
GHWHULRUDWLRQ DQG UHSODFH LI QHFHVVDU\
5HHG YDOYH VWRSSHU FOHDUDQFH PP

,167$//$7,21
,QVWDOO WKH UHHG YDOYH LQ WKH UHYHUVH RUGHU RI
UHPRYDO

Ϡ
x :KHQ LQVWDOOLQJ EH FDUHIXO QRW WR
EHQG RU WZLVW WKH WXEHV DQG FKHFN IRU
SURSHU LQVWDOODWLRQ 5HHG 6WRSSHU

You might also like