PLC, IPC, DCS

Transkript

PLC, IPC, DCS
LQRYDþQtP F\NOX D MVRX WHG\ OpSH SĜL]SĤVREHQ\ ]U\FKOXMtFtPX VH WHPSX YêYRMH
PLNURHOHNWURQLN\7\WRUHJXOiWRU\O]HFKDUDNWHUL]RYDWQiVOHGXMtFtPLYODVWQRVWPLDSDUDPHWU\
x ]iNODGSUĤP\VORYpDXWRPDWL]DFH
x YKRGQpSURPČĜHQtDĜt]HQtWHSORW\WODNXSUĤWRNXKODGLQ\S+SRPČUĤGYRXD
YtFHYHOLþLQDGDOãtFK
x Y\EDYHQ\QČNROLNDDQDORJRYêPLYVWXS\QČNROLNDGLJLWiOQtPLYVWXS\DYêVWXS\D
DQDORJRYêPLYêVWXS\
x ]REUD]XMt SUĤEČK\ UHJXORYDQêFK YHOLþLQ QHMHQ GLJLWiOQČ DOH L Qi]RUQêPL
VORXSFRYêPLJUDI\MHGHQSURåiGDQRXKRGQRWXMHGHQSURUHJXORYDQRXYHOLþLQX
x PQRKDIXQNþQtSĜHKOHGQêþHOQtRYOiGDFtSDQHO
x H[WHUQtYVWXS\SURPRGLILNDFLSDUDPHWUĤUHJXOiWRUX
x IXQNþQtEORN\Y6:SĜtVWURMH
x GRVWDWHþQRXSDPČĢQDSURFHVQtGDWD
x XPRåĖXMt UHDOL]RYDW MHGQX QHER GYČ UHJXODþQt VP\þN\ YþHWQČ UR]YČWYHQêFK
UHJXODFt
x XPRåĖXMt]PČQ\SDUDPHWUĤEH]SĜHUXãHQtIXQNFH
x SRVN\WXMtUXþQtLDXWRPDWLFNpĜt]HQt
x REVDKXMt]SUDYLGODVHOIWXQQLQJUHåLP
x MVRX Y\EDYHQ\ VWDQGDUGL]RYDQêP UR]KUDQtP 56 SUR SURSRMHQt Då SĜtVWURMĤGRVtWČ
x SURJUDPRYDWHOQp]þHOQtKRSDQHOXUXþQtKRSURJUDPRYDFtKRSĜtVWURMHQHERSRVtWL
x PDMtSĜtPêDLQYHUWRYDQêYêVWXS
x PQRåLQXSĜHGGHILQRYDQêFK3,'DOJRULWPĤ
x VLJQDOL]DFLSĜHNURþHQtSRYROHQêFKOLPLWĤDODUP\
x MVRXY\EDYHQ\XåLYDWHOVNêP,'NyGHP
x SR]DSQXWtQDEtKiYODVWQtGLDJQRVWLNDSĜtVWURMH
x PRåQRVW]DþOHQČQtGR6&$'$
x DQČNWHUpGDOãtLPSOHPHQWRYDQpIX]]\DOJRULWP\DS
7ĜHEDåHE\VHGDO]WDNWRYHOPLGREĜHY\EDYHQêFKYêNRQQêFKSUĤP\VORYêFKUHJXOiWRUĤ
UHDOL]RYDWLYHONêDXWRPDWL]DþQtFHOHNMHMLFKY\XåLWtMHVStãHYPHQãtFKUHDOL]DFtFKSĜLĜt]HQtD
UHJXODFLVWURMĤDPDOêFKWHFKQRORJLFNêFKSURFHVĤDWRSĜHGHYãtPVRKOHGHPQDYHONêREMHP
SUiFH SĜL NRQILJXURYiQt WRKRWR KHWHURJHQQtKR V\VWpPX YH VURYQiQt V 3/& QHER '&6 9
FKHPLFNêFK SURFHVHFK D Y HOHNWUiUQiFK VH YãDN MDNR GRSOQČN GLVWULEXRYDQêFK ĜtGLFtFK
V\VWpPĤQHERMDNR]iORKD]D~þHOHP]YêãHQtEH]SHþQRVWLSURYR]XSRXåtYDMtYHYHONpPSRþWX
ýtWDþHþDVRYDþH
ýDVRYDþL D þtWDþL MVRX VDPR]ĜHMPRX VRXþiVWt SURJUDPRYpKR Y\EDYHQt SUĤP\VORYêFK
3& 2YãHP YPQRKD REODVWHFK D þLQQRVWHFK VH L QDGiOH EXGH Y\åDGRYDW QH]iYLVOp PČĜHQt
þDVRYêFK LQWHUYDOĤ D GHILQRYiQt UHiOQpKR þDVX =D WtP ~þHOHP VH RSČW VHWNiPH V
HOHNWURQLFNêPLþDVRYDþLYNRPSDNWQtPSURYHGHQtVWDQGDORQHVHãLURNRXãNiORXIXQNFtMDNR
þDVRYpVStQDþHLQWHUYDORYpVStQDþHDY\StQDþHF\NOLFNpVStQDþHDGDOãt
5RYQČå HOHNWURQLFNp þtWDþH QHMVRX DOWHUQDWLYQtPL DXWRPDWL]DþQtPL SURVWĜHGN\ 3/&
]GDOHND Y\WODþHQ\ )XQNþQRVW HOHNWURQLFNêFK VWDQGDORQHþtWDþĤ SRGREQČ MDNR þDVRYDþĤ D
QLåãtFHQDMHUR]KRGXMtFtSURMHMLFKSRXåLWt
3URJUDPRYDWHOQpDXWRPDW\
3URJUDPRYDWHOQp DXWRPDW\ 3URJUDPPDEOH /RJLF &RQWUROHUV 3/& VH VWDO\
QHMYê]QDPQČMãtPĜtGLFtPSURVWĜHGNHPSURĜt]HQtWHFKQRORJLFNêFKSURFHVĤYêUREQtFKOLQHND
VWURMĤ MLå EČKHP SUYQt SRORYLQ\ OHW %\O\ RGH]YRX QD YêYRM PLNURHOHNWURQLFNp
WHFKQRORJLHNWHUêXPRåQLOY\WODþLWFHQWUDOL]RYDQpKRĜt]HQtUHSUH]HQWRYDQpĜtGLFtPLSRþtWDþLD
PLQLSRþtWDþL GLVWULEXRYDQRX ĜtGLFt WHFKQLNRX 7DWR WHFKQLND 3/& VLFH ]ĤVWDOD QD GORXKRX
GREXSR]DGXYSURJUDPiWRUVNpPNRPIRUWX]DĜtGLFtPLSRþtWDþLDPLQLSRþtWDþLQDGUXKpVWUDQČ
Y\ND]RYDODQHVSRUQpYêKRG\0H]LW\SDWĜtVSROHKOLYRVWVQD]ãt UR]GČOHQtĜtGLFtVWUXNWXU\QD
VDPRVWDWQp FHON\ V MDVQČ GHILQRYDWHOQêPL UR]KUDQtPL Y\VRNi VSROHKOLYRVW QLåãt QiNODG\ QD
NDEHOiå=WRKRSO\QHU\FKOHMãtXYHGHQtGRFKRGXVQD]ãt~GUåEDMHGQRGXããtODGČQtSURJUDPĤ
PRGXOiUQtYêVWDYEDDWtPRSWLPDOL]DFHFHQ\+:Y\VRNiVWDELOLWDMHGQRGXFKpKRRSHUDþQtKR
V\VWpPX QLåãt QiURN\ QD NYDOLILNDFL SURMHNþQtFK D LQåHQêUVNêFK SUDFRYQtNĤ FHONRYČ QLåãt
QiNODG\QDUHDOL]DFLSURMHNWXXYHGHQtGRFKRGXD]iYČUHþQpIi]HSURMHNWX
9]KOHGHP N WRPX åH 3/& QHQDKUDGLO\ MHQ ĜtGLFt SRþtWDþHD PLQLSRþtWDþH DOHL PDORX
DXWRPDWL]DFL UHSUH]HQWRYDQRX SUĤP\VORYêPL UHJXOiWRU\ EH]NRQWDNWQt ORJLNRX D UHOpRYRX
ORJLNRX E\OR SRFKRSLWHOQp åH MHGQtP ] NDWHJRULFNêFK SRåDGDYNĤ SUĤP\VOX SURMHNWDQWĤ
HOHNWURLQåHQêUĤDVWĜHGQtFKRGERUQêFKSUDFRYQtNĤE\OSĜHGHYãtPMHGQRGXFKêSURJUDPRYDFt
MD]\N NWHUê E\ E\O YHOPL SRGREQê MD]\NX ORJLFNêFK VFKpPDW ERROHRYVNêP URYQLFtP
UHOpRYêPVFKpPDWĤPDVVHPEOHUX'tN\WČPWRMHGQRGXFKêPSURJUDPRYDFtPMD]\NĤPE\OR
SRPČUQČMHGQRGXFKpQDKUDGLWNODVLFNRXWHFKQLNXORJLFNpKRĜt]HQtSURJUDPRYČRULHQWRYDQêPL
D WHG\ QHVURYQDWHOQČ IOH[LELOQČMãtPL ĜtGLFtPL V\VWpP\ SURJUDPRYDWHOQêPL DXWRPDW\
3URJUDPRYDWHOQê DXWRPDW XPRåĖXMH ORJLFNp URYQLFH QDSURJUDPRYDW ]DWtPFR SĜHGFKi]HMtFt
EH]NRQWDNWQt QHER UHOpRYi ORJLND QHER Y GQHãQt GREČ SURJUDPRYDWHOQi ORJLFNi SROH ĜHãt
ORJLFNpURYQLFHI\]LFNêPSURSRMHQtPORJLFNêFKþOHQĤ-DNiNROL ]PČQDORJLFNpVWUXNWXU\VH
VQDGQRSURYHGH]PČQRXSURJUDPXSURJUDPRYDWHOQpKRDXWRPDWXFRåMHSRGVWDWQČMHGQRGXããt
QHåSĜHSRMHQtUHOpRYpKRQHERORJLFNpKRVFKpPD2GKOpGQHPHOLRGSRþiWHþQtQHVSROHKOLYRVWL
SUYQtFK SURJUDPRYDWHOQêFK DXWRPDWĤ ]SĤVREHQp SĜHGHYãtP QHVSROHKOLYRVWt HOHNWURQLFNêFK
VRXþiVWHNQiKUDGDUHOpDEH]NRQWDNWQtORJLN\SURJUDPRYDWHOQêPLDXWRPDW\E\ODMHGQRGXFKi
D~VSČãQi
9 SĜtSDGČ QiKUDG\ ĜtGLFtKR SRþtWDþH SURJUDPRYDWHOQêP DXWRPDWHP QHE\OD VLWXDFH SUR
QRYRX WHFKQRORJLL ]GDOHND WDN SĜt]QLYi 3RNURþLOHMãt SURJUDPRYDWHOQp DXWRPDW\ VLFH
Y\ND]RYDO\ MLå GRVWDWHþQRX VSROHKOLYRVW D URYQČå RUJDQL]DFH SURMHNþQtFK SUDFt D MHMLFK
UHDOL]DFH E\O\ YêUD]QêP ]MHGQRGXãHQt RSURWL FHQWUDOL]RYDQpPX QiYUKX VpULRYpP ODGČQt
MHGQRWOLYêFK ~ORK D XYiGČQt VORåLWpKR V\VWpPX GR FKRGX QD GUXKp VWUDQČ SURJUDPiWRUVNê
NRPIRUW PLQLSRþtWDþĤ VH SURJUDPRYêP SURVWĜHGtP 3/& SRGDĜLOR QDKUDGLW Y SOQp PtĜH Då V
SĜtFKRGHP6&$'$V\VWpPĤ
9êKRG\DQHYêKRG\SURJUDPRYDWHOQêFKDXWRPDWĤ
$9êKRG\
x U\FKOpSĜHSURJUDPRYiQt~ORK\
x PDOiYDULHWDQiKUDGQtFKGtOĤ
x PRåQRVWY\VWDYČQtYHONpKLHUDUFKLFNpVWUXNWXU\GOHSRWĜHE\
x IOH[LELOLWDSURMHNWRYiQtQDPtUX
x PRGXODULWDPRåQRVWUR]ãtĜHQt
x KRVSRGiUQRVWOHYQpYHOPLPDOpDPDOpNRPSDNWQtDXWRPDW\
x YHVWDYČQiGLDJQRVWLNDYODVWQtKR3/&
x
x
x
x
x
PRåQRVWWYRUE\GLDJQRVWLN\YQČMãt
MHGQRGXFKpSURJUDPRYiQt
PRåQRVWSRXåLWtY\ããtFKSURJUDPRYDFtFKMD]\NĤXQRYêFKDXWRPDWĤ
MHGQRGXFKêDWtPVSROHKOLYê26UHiOQpKRþDVX
YHONiQDEtGNDNYDOLWQtFKSĜtVWURMĤUĤ]QêFKYêUREFĤ
%1HYêKRG\
x QLåãtSURJUDPiWRUVNêNRPIRUWQHåXPLQLSRþtWDþĤ
x Y\ããt FHQD QHå ,3& HNYLYDOHQWQtKR YêNRQX SĜL QLåãtP SURJUDPiWRUVNpP
NRPIRUWX3/&
x PHQãtIOH[LELOLWDYHVURYQiQtV,3&
x XåLWt QHGRVWDWHþQČ VWDQGDUGL]RYDQêFK VpULRYêFK NRPXQLNDþQtFK VEČUQLF SUR
SURSRMHQtDXWRPDWĤGRVtWt
x QH]E\WQRVWKLHUDUFKLFNpDUFKLWHNWXU\SĜLSURSRMRYiQtGRYČWãtFKFHONĤ
&KDUDNWHULVWLN\3/&
+:3/&
9 GREČ VYpKR Y]QLNX NRQHF OHW VL SURJUDPRYDWHOQp DXWRPDW\ NODGO\ ]D ~NRO
QDKUDGLW HIHNWLYQČMãtP ]SĤVREHP UHOpRYRX D SR]GČML L EH]NRQWDNWQt ORJLNX 3URWR MHMLFK
DUFKLWHNWXUD Y\FKi]HOD ] WRKR åH EXGRX ]SUDFRYiYDW ELQiUQt LQIRUPDFL -DNR +: MiGUR
SRXåtYDO\ ELWRYp SURFHVRU\ 7R PČOR ]D QiVOHGHN åH Y GREČ YHOPL SRPDOêFK SURFHVRUĤ V QHER ELWRYêP VORYHP Y SUĤEČKX OHW VH MHYLO\ ELWRYp SURFHVRU\ MDNR YHOPL U\FKOp
NYD]LSDUDOHOQt ĜHãHQt YH VURYQiQt V D ELWRYêPL SURFHVRU\ 3URWR VH QD DUFKLWHNWXUX 3/&
NODGO\QiVOHGXMtFtQiURN\
x ELWRYČRULHQWRYDQi&38
x ELWRYČRULHQWRYDQiSDPČĢGDW
x VORYQČRULHQWRYDQiSDPČĢSURJUDPX
x UR]KUDQtQDSURJUDPRYDFtSĜtVWURM
x MHGQRGXFKêLQVWUXNþQtVRXERUQD]SUDFRYiQtORJLFNêFKURYQLF
x V\VWpPVSHFLiOQtFKIXQNFtþDVRYDþHþtWDþHDGDOãt
7DNWR ]NRQVWUXRYDQê 3/& VH GR GQHãQt GRE\ QH]DFKRYDO 5\FKORVW D SĜt]QLYi FHQD
YêNRQQêFKPLNURSURFHVRUĤXPRåĖXMHSRXåLWtVORYQČRULHQWRYDQêFKPLNURSURFHVRUĤLXYHOPL
PDOêFK3/&3ĜHVWRVHEORNRYpVFKpPDYHOPLPDOêFKNRPSDNWQtFK3/&OLãtRGDUFKLWHNWXU\
VWĜHGQtFKDYHONêFKDXWRPDWĤMDNMHSDWUQp]2EUD2EU
ět]HQt ORJLFNp ~URYQČ MH QHP\VOLWHOQp EH] WRKR DE\ QHE\O\ NGLVSR]LFL Y]iNODGQtP
Y\EDYHQt NDåGpKR 3/& þDVRYp IXQNFH þDVRYDþH D IXQNFH þtWiQt LPSXOVĤ þtWDþH 3URWR
NDåGê3/&PiW\WRGYČIXQNFHY]iNODGQtPSURJUDPRYpPY\EDYHQt
-H SDWUQp åH EORNRYp VFKpPD VWDQGDUGQtKR PRGXOiUQtKR 3/& MH YHOPL SRGREQp QD
DUFKLWHNWXUX PLNURSRþtWDþH =iNODG WYRĜt YQLWĜQt QHER ELWRYi VEČUQLFH NROHP NWHUp MH
PRGXOiUQČY\WYRĜHQFHOê3/&>@
=DWtPFRXSUYQtFK3/&VELWRYČRULHQWRYDQRX&38E\ODSDPČĢSURJUDPXRGGČOHQDRG
SDPČWLGDWQHERQDRSDNDSURGDWDVHSRXåtYDODLMLQiELWRYiRUJDQL]DFHSDPČWLGQHãQt3/&
PDMtMHGQXRSHUDþQtSDPČĢYHNWHUpMVRXY\KUD]HQ\SURVWRU\SURYVWXSQtGDWDYêVWXSQtGDWD
YQLWĜQtSURPČQQpDSDPČĢRYêSURVWRUQDYODVWQtSURJUDP.URPČWRKRMVRXYSDPČWLXORåHQ\L
IXQNþQt EORN\ D IXQNFH MDN V\VWpPRYp WDN Y\WYRĜHQp XåLYDWHOHP 2SHUDþQt V\VWpP 3/& MH
QDGiOH YHOPL MHGQRGXFKê XPRåĖXMH UHåLP UHiOQpKR þDVX D KUDMH Yê]QDPQRX UROL Y
NRQNXUHQFHVFKRSQRVWL3/&RSURWL,3&DGDOãtPSURVWĜHGNĤPSUĤP\VORYpDXWRPDWL]DFH
2EU%ORNRYpVFKpPDYHOPLPDOpKR3/&
=SĤVRE SUiFH NWHUê RG SRþiWNX FKDUDNWHUL]XMH 3/& D RGOLãXMH MH RG ĜtGLFtFK
PLNURSRþtWDþĤWMF\NOLFNê]SĤVREY\NRQiYiQtSURJUDPX]ĤVWDO]iNODGQtPUHåLPHPSUDNWLFN\
YãHFK3/&7HQWR]iNODGQtUHåLPSUiFH3/&MHXNi]iQQD2EU
2EU%ORNRYpVFKpPDVWDQGDUGQtKRPRGXOiUQtKR3/&
9HGOHF\NOLFNpKRUHåLPXPDMtVRXþDVQpDWRMLåPDOpDåVWĜHGQt3/&LUHåLPSĜHUXãHQt
NWHUêPĤåHEêWSDUDPHWURYiQWDNåHþDVRYČNULWLFNpDNFHPRKRXEêWREVORXåHQ\PLPRF\NOXV
3/&
3URWRåHVHMHGQiRMLVWRXMHGQRGXFKRXIRUPXPXOWLWDVNLQJXO]HUR]OLãRYDWL]GHSĜHUXãHQt
RGþDVRYDþHWLPHGULYLQJPXOWLWDVNLQJDSĜHUXãHQtRGSURFHVXHYHQWGULYLQJPXOWLWDVNLQJ
1D2EUMH]Qi]RUQČQDIXQNFH3/&SĜLWLPHGULYLQJPXOWLWDVNLQJ>@
-HGQRWOLYêP ~ORKiP WDVN MVRX SĜLĜD]HQ\ SULRULW\ Då ýtP Y\ããt þtVOR WtP Y\ããt
SULRULWDÒORK\DVHY\NRQiYDMtYNDåGpPF\NOXSURWRåHMGHRþDVRYČNULWLFNp~ORK\NWHUp
QHVWDþtRãHWĜRYDWVGHOãtSHULRGRX1DRSDN~ORK\DVWDþtRãHWĜRYDWMHQNDåGêGUXKêF\NOXV
1D 2EU MH GiOH YLGČW åH GOH SULRULW\ MVRX ~ORK\ WDVNV Y\NRQiYiQ\ Y SRĜDGt D
GiOHWRåHGREDF\NOXQHQtGRVWDWHþQČGORXKiWDNåHWDVNVHQHVWDþtY\NRQDWYMHGQRPF\NOX
=E\WHN ~ORK\ WDVN VH SURWR PXVt Y\NRQDW Y QiVOHGXMtFtP F\NOX DOH V SULRULWRX QLåãt QHå
PDMt~ORK\D9WRPWRUHåLPXPĤåHNDåGêXåLYDWHOSViWVYRML~ORKXQH]iYLVOHQDRVWDWQtFK
~ORKiFK .DåGê WDVN Y\XåtYi VDPRVWDWQČ VYRMH YVWXSQt YHOLþLQ\ )XQNFH SĜHUXãHQt MH
SRGREQi L Y SĜtSDGČ SĜHUXãHQt RG SURFHVX .XSĜ ]PČQD YVWXSQt YHOLþLQ\ ]SĤVREt VWDUW
SĜtVOXãQpKR WDVNX 1ČNWHUp PXOWLWDVNRYp V\VWpP\ XPRåĖXMt OLERYROQpPX WDVNX Y\XåtYDW
OLERYROQpSURPČQQpYVWXSQtYQLWĜQtSURPČQQp
2EUýDVRYêGLDJUDP]iNODGQtIXQNFH3/&
,SĜLH[LVWHQFLSĜHUXãHQt]ĤVWiYiYHYČWãLQČSĜtSDGĤF\NOLFNêUHåLPIXQNFH]Qi]RUQČQê
QD 2EU ]iNODGQtP SUDFRYQtP UHåLPHP 'RED F\NOX 3/& MH ]SUDYLGOD GHILQRYiQD MDNR
GRED NWHURX 3/& SRWĜHEXMH N QDþWHQt GDW Y\VOiQt GDW QD YêVWXS\ D ]SUDFRYiQt N LQVWUXNFt
QLNROL LQVWUXNFH QHERĢ SURJUDP R LQVWUXNFL QHGiYi VP\VO 7\SLFNi GRED F\NOX
PRGHUQtFK 3/& N URNX MH PV SĜLþHPå 3/& V U\FKOêPL &38 VGRERX F\NOX
KOXERNRSRGPVMVRXNGLVSRVLFL0LWVKXELVKLDGDOãt
9VWXSQtYêVWXSQtSRGV\VWpP3/&
3URJUDPRYDWHOQê DXWRPDW Pi SHUIHNWQČ SURSUDFRYDQê SRGV\VWpP YVWXSĤ D YêVWXSĤ
7DWRYODVWQRVWSODWtLSURYHOPLPDOp3/&NWHUiFKDUDNWHUL]XMHW\WRĜtGLFtV\VWpP\MHMHGQRX
] SĜtþLQ MHMLFK WUYDOp SRSXODULW\ =DWtPFR V QiNXSHP SURJUDPRYDWHOQpKR DXWRPDWX XåLYDWHO
SĜLUR]HQČ QDNXSXMH SHUIHNWQČ Y\ĜHãHQê SRGV\VWpP YVWXSĤ D YêVWXSĤ Y SHYQp NRQILJXUDFL
NRPSDNWQt3/&QHERYMHGQRWOLYêFK99PRGXOHFK9SĜtSDGČåHVHUR]KRGQHSURQČNWHURX
MLQRX DOWHUQDWLYX ĜtGLFtKR V\VWpPX MDNR PLNURSRþtWDþ SURJUDPRYDWHOQp KUDGORYp SROH DS
PXVt SRGV\VWpP YVWXSĤ D YêVWXSĤ ĜHãLW 1D 2EU 2EU 2EU D 2EU MH
SULQFLSLiOQČ]Qi]RUQČQRĜHãHQtNDUHWGLJLWiOQtFKYVWXSĤDYêVWXSĤ3/&
2EU7LPHGULYLQJPXOWLWDVNLQJX3/&
'LJLWiOQtYVWXS\EêYDMtLYXQLYHUViOQtPSURYHGHQtVWĜtGDYpL VWHMQRVPČUQpQDSČWtYL]
2EU.URPČJDOYDQLFNpKRRGGČOHQtMVRXY\EDYHQ\ILOWUHPSURRGILOWURYiQtSRUXFKRYêFK
VLJQiOĤ PV 5& ILOWU QD YVWXSX D GLRGDPL SUR RFKUDQX SURWL SĜHSyORYiQt D SURWL
QDSČĢRYêPãSLþNiPYL]2EU'LJLWiOQtYêVWXS\MVRXEXćYQHYêNRQRYpPSURYHGHQtGR
PD[ VWRYHN P$ V WUDQ]LVWRUHP QHER YêNRQRYp V W\ULVWRUHP QHER UHOpRYp SUR VStQiQt
YČWãtFKYêNRQĤVWHMQRVPČUQêFKLVWĜtGDYêFK>@
2EU'LJLWiOQtYVWXS
2EU8QLYHUViOQtGLJLWiOQtYVWXS
.URPČ GLJLWiOQtFK Wpå ELQiUQtFK YVWXSĤ D YêVWXSĤ ','2 SRVN\WXMt XåLYDWHOL MDN
PQRKp NRPSDNWQt WDN SĜHGHYãtP PRGXOiUQt 3/& L DQDORJRYp YVWXS\ D YêVWXS\ $QDORJRYp
YVWXS\ MVRX QDSČĢRYp SUR VWHMQRVPČUQp QDSČWt V UĤ]QRX SĜHVQRVWt $' SĜHYRGQtNĤ W\SLFN\
ELWRYp QHER SURXGRYp P$ QHER SURXGRYp SUR SĜLSRMHQt 37 $QDORJRYp
YêVWXS\ MVRX Y UĤ]QpP SURYHGHQt GOH SRåDGRYDQpKR YêNRQX ýDVWR VH DQDORJRYê YêVWXS
UHDOL]XMHIRUPRXãtĜNRYČPRGXORYDQêFKYêVWXSQtFKLPSXOVĤNRQVWDQWQtDPSOLWXG\>@>@
6SHFLiOQtPRGXO\
8 PRGXOiUQtFK 3/& QDMGHPH YHONRX QDEtGNX VSHFLiOQtFK PRGXOĤ NWHUp UR]ãLĜXMt
SĤVREQRVW SURJUDPRYDWHOQpKR DXWRPDWX GDOHNR ]D SĤYRGQt KUDQLFH MHKR XUþHQt -GH QDSĜ R
PRGXO\UHDOL]XMtFtDåUHJXODþQtFKVP\þHNVYROLWHOQêPLSDUDPHWU\3,'UHJXOiWRUĤ'iOHR
PRGXO\ SUR Ĝt]HQt K\GUDXOLFNêFK VHUYRYHQWLOĤ D SURSRUFLRQiOQtFK YHQWLOĤ PRGXO\
GLDJQRVWLN\ YL]XDOL]DþQt PRGXO\ SUR VOHGRYiQt SURFHVX QD SĜLSRMHQêFK SURYR]QtFK
REUD]RYNiFK W\WR YHOPL GUDKp PRGXO\ MLå ]WUDWLO\ QD Yê]QDPX V SĜtFKRGHP SURVWĜHGt
:LQGRZV PRGXO\ SUR PČĜHQt WHSORW\ SUR UHJXODFL WHSORW\ D GDOãt =YOiãWQt PtVWR PH]L
VSHFLiOQtPL PRGXO\ ]DXMtPDMt PRGXO\ NRPXQLNDþQt 3RPRFt WČFKWR PRGXOĤ MVRX DXWRPDW\
SURSRMRYiQ\ QDY]iMHP PH]L VHERX D V Y\ããtPL L QLåãtPL ~URYQČPL Ĝt]HQt SR SUĤP\VORYêFK
VpULRYêFKVEČUQLFtFK2SUĤP\VORYêFKNRPXQLNDþQtFKVEČUQLFtFKSRMHGQiYDMtYHOPLGĤNODGQČ
GDOãtNDSLWRO\WpWRSXEOLNDFH
2EU=DSRMHQtGLJLWiOQtKRYêVWXSX
2EU=DSRMHQtVNXSLQ\YêVWXSĤ
6LORYiþiVW3/&
'R WpWR þiVWL ]DKUQHPH MDN UiP SURJUDPRYDWHOQpKR DXWRPDWX WDN QDSiMHFt ]GURM
.RPSDNWQt D YHOPL PDOp 3/& MVRX Y MLQpP PHFKDQLFNpP SURYHGHQt QHå PRGXOiUQt 3/&
1DSiMHFt ]GURM &38 SRGV\VWpP ,2 VSHFLiOQt PRGXO\ NRPXQLNDþQt UR]KUDQt MVRX
SURYHGHQ\ Y MHGQRP NRPSDNWQtP FHONX EH] PRåQRVWL UR]ãtĜHQt MHGLQČSĜLSRMHQtP GDOãtKR UR]ãLĜXMtFtKRNRPSDNWQtKRPRGXOXYL]NXSĜ7HOHPHFDQLTXH76;1DSURWLWRPXPHFKDQLFNp
SURYHGHQtPRGXOiUQtFK3/&XPRåĖXMHPRGXOiUQtYêVWDYEXV\VWpPXYROEXMHMtPLQLPiOQtDå
PD[LPiOQt YDULDQW\ SĜLSRMRYiQt UR]ãLĜXMtFtFK UiPĤ SURSRMRYiQt DXWRPDWĤ QDY]iMHP PH]L
VHERXDVHVRXVHGQtPL~URYQČPLĜt]HQtSRPRFtVpULRYêFKVEČUQLF5iPVHMLå]FHODYêMLPHþQČ
NRQVWUXXMH UREXVWQČ V YêYRMHP PLNURHOHNWURQLN\ VH V\VWpP\ ]PHQãLO\ ] YHOLNRVWL
RGSRYtGDMtFtGYRMLWpPXHYURSVNpPXIRUPiWXQDMHGQRGXFKê-HQQHMYêNRQQČMãtDXWRPDW\MVRX
SDN VWiOH MHãWČ Y SURYHGHQt ( 0RGXO\ NDUW\ ]DXMtPDMt Y UiPX MHGQX QHER SR]LFH
3URYHGHQtUiPX]SUDYLGODGHILQXMHLSR]LFLNDUHW9êNRQRYê]GURMEXćQD9$&QHERQD
9 '& Pi GDQRX SR]LFL SRGREQČ MDNR &38 5RYQČå SĜtGDYQi SDPČĢ D NRPXQLNDþQt
SURFHVRU\PDMtSĜHVQpPtVWRYUiPX2VWDWQtNDUW\QČNG\VYêMLPNRXVSHFLiOQtFKNDUHWPDMt
SRORKX OLERYROQRX 5iP MH Y\EDYHQ YQLWĜQt SDUDOHOQt V\VWpPRYRX VEČUQLFt SUR VLJQiORYp D
HOHNWULFNpSURSRMHQtPRGXOĤV&38DSDPČWt8PtVWČQtNDUW\YUiPXYãDN]SUDYLGODXUþXMHL
MHMtDGUHVXDGOHWRKRWRI\]LFNpKRXVSRĜiGiQtNDUHWMHWĜHEDV\VWpP]NRQILJXURYDW0HFKDQLFNp
XSHYQČQt PRGXOĤ NDUHW MH Y SURYHGHQt SOXJDQGSOD\ D NODGH QD REVOXKX PLQLPiOQt
QiURN\ 8 SĜHGFKi]HMtFt JHQHUDFH VWĜHGQtFK D YHONêFK 3/& E\O Y UiPX XPtVWČQ L YHQWLOiWRU
5iPVH]SUDYLGODPRQWXMHQDPRQWiåQtOLãWXGRUR]YDGČþHQHERĢVRXþDVQiJHQHUDFH3/&MLå
QHQt Y WDNRYpP ,3 NU\Wt DE\ VH XPLVĢRYDOD SĜtPR GR SURFHVX 5iP ]SUDYLGOD REVDKXMH L
PRGXO V NRQHNWRU\ SUR SURSRMHQt UR]ãLĜXMtFtFK UiPĤ 7DN MH PRåQp UR]ãtĜLW SRþHW ,2
SĜtVOXãHMtFtFKNGDQp&38XPtVWČQpY]iNODGQtPUiPX9]GiOHQRVWEêYiEXćNUiWNiGRP
NG\åVHMHGQiRUR]ãtĜHQtYMHGQRPUR]YDGČþLQHERGRP>@
0RGXO&38
7HQWRPRGXOWYRĜtMiGUR3/&DMH]SUDYLGODNGLVSRVLFLYUĤ]QpPSURYHGHQtGOHYêNRQX
SURFHVRUX0RGXO&38MHWDNpMHGLQêPPRGXOHPYHNWHUpPVHEČKHPåLYRWQRVWLGDQpKR3/&
Gi SUXåQČ UHDJRYDW QD YêYRM PLNURHOHNWURQLFNp WHFKQRORJLH 0RGXO\ &38 PDMt Wpå
]DEXGRYiQR QČNWHUp SURJUDPRYDFt QHER NRPXQLNDþQt UR]KUDQt SUR SĜHQRV SURJUDPX GR
SDPČWLSURJUDPX0RGXO\&38PRGXOiUQtFK3/&PXVtWRWRSURJUDPRYDFtUR]KUDQtREVDKRYDW
]SULQFLSXXPRGXOiUQtFK]iOHåt QDYêUREFL]GDUR]KUDQtSURYHGHMDNRVDPRVWDWQêPPRGXO
QHER]GDMtPY\EDYtPRGXO&38 5R]GtOYFHQČPRGXOX &38VUR]KUDQtPNXSĜ3URILEXVD
EH]QČMMH]QDþQê>@
0RGXO&38MH]SUDYLGODY\EDYHQ
x SURFHVRUHPVQHERYêMLPHþQČVELWRYêPVORYHP
x PĤåHEêWGRSOQČQELWRYêPSURFHVRUHPSURU\FKOpĜHãHQtORJLFNêFKURYQLFMHQX
YHONêFKDQČNWHUêFKVWĜHGQtFK3/&DXVWDUãtJHQHUDFH3/&
x ELWRYêPLUHJLVWU\IODJV
x SDPČWt(3520SURRSHUDþQtV\VWpP
x SDPČWt5$0]iORKRYDQRXSURSURJUDP
x SDPČWt5$0]SUDYLGOD]iORKRYDQRXSUR99GDWD
x SURJUDPRYDFtPUR]KUDQtP
x VWDQGDUGL]RYDQêP UR]KUDQtP V SURWRNROHP SUR VpULRYRX NRPXQLNDFL V QLåãt L
Y\ããtĜtGLFt~URYQt
6:Y\EDYHQt3/&
1D W\SLFNpP SĜtNODGX SURJUDPRYpKR Y\EDYHQt DXWRPDWĤ 6LPDWLF 6 XNDåPH 6:
Y\EDYHQt3/&>@
8åLYDWHOVNêSURJUDP3/&MHPRGXOiUQtVWUXNWXURYDQê=iVDGQČSRXåtYi
x XåLYDWHOVNpEORN\8%
x V\VWpPRYpEORN\6%
-HGQRWOLYp ĜtGLFt SURJUDP\ VH VNOiGDMt ] QiVOHGXMtFtFK EORNĤ PRGXOĤ ] NDWHJRULH
XåLYDWHOVNêFKEORNĤ
x RUJDQL]DþQtEORN\2%
x IXQNþQtEORN\)%
x IXQNFH)&
x GDWRYpEORN\'%
2UJDQL]DþQtEORN\2%
2UJDQL]DþQtEORN\WYRĜtLQWHUIDFHPH]LXåLYDWHOVNêPSURJUDPHPDRSHUDþQtPV\VWpPHP
&38 7\WR EORN\ MVRX YROiQ\ SĜtPR RSHUDþQtP V\VWpPHP 26 9 QRUPiOQt F\NOLFNpP
UHåLPX RSHUDþQt V\VWpP YROi 2% Y NDåGpP F\NOX 7HQWR EORN VWDUWXMH SDN SURYHGHQt
XåLYDWHOVNpKR SURJUDPX NWHUê WHQWR 2% PXVt REVDKRYDW 3Ui]GQê 2% VH Y\WYiĜt
DXWRPDWLFN\ SĜL WYRUEČ XåLYDWHOVNpKR SURJUDPX .URPČ 23 PĤåH RSHUDþQt V\VWpP 3/& Y
UHDNFLQDUĤ]QpXGiORVWLYRODWMHãWČ
x 7LPHRI'D\,QWHUUXSW2%
x 7LPH'HOD\,QWHUUXSW2%
x &\FOLF,QWHUUXSW2%
x +DUGZDUH,QWHUUXSW2%
x 0XOWLFRPSXWLQJ,QWHUUXSW2%
x %DFNJURXQG2%
'DOãtPVSHFLiOQtP2%YHGOH2%MH2%-HYROiQNG\å&38SURYiGtNRPSOHWQt
UHVWDUW
)XQNþQtEORN\)%
)XQNþQtEORNMHIXQNFHQHERVHNYHQFHORJLFNêFKIXQNFtYORJLFNpPRSHUDþQtPEORNX
NHNWHUpPXMHSĜLĜD]HQDSDPČĢGRNWHUpVHGDMtXORåLWSURPČQQp)%SRåDGXMHSĜLĜD]HQtWpWR
SDPČWLYHIRUPČWYRUE\LQVWDQFHGDWRYpKREORNXSDUDPHWURYDQpNRSLHGDWRYpKREORNX
)XQNFH)&
)XQNFHMHORJLFNêRSHUDþQtEORNSRGREQê)%NHNWHUpPXYãDNQHQtSĜLĜD]HQDSDPČĢ
)& WXGtå QHSRWĜHEXMH LQVWDQFL GDWRYpKR EORNX ýDVRYČ RPH]HQp SURPČQQp MVRX XFKRYiQ\ Y
]iVREQtNRYpSDPČWLGRNXGVHIXQNFHSURYiGtDSRXNRQþHQtIXQNFHVHY\PDåRX
'DWRYêEORN'%
'DWRYp EORN\ MVRX REODVW SDPČWL NWHURX ]DXMtPi XåLYDWHOVNê SURJUDP YH NWHUp VH
XNOiGDMtXåLYDWHOVNiGDWD7DPMVRXWDNpVGtOHQ\GDWRYpEORN\ NWHUpMVRXSĜtVWXSQp]HYãHFK
ORJLFNêFK EORNĤ D MVRX WDP XORåHQ\ LQVWDQFH GDWRYêFK EORNĤ NWHUp MVRX SĜLĜD]HQ\
MHGQRWOLYêP YRODQêP IXQNþQtP EORNĤP 7\WR EORN\ QHREVDKXMt åiGQp ORJLFNp LQVWUXNFH QD
UR]GtORGRVWDWQtFKERNĤ
6\VWpPRYpEORN\6%
x V\VWpPRYpIXQNFH6)&
x V\VWpPRYpIXQNþQtEORN\6)%
x V\VWpPRYpGDWRYpEORN\6'%
6\VWpPRYpIXQNFH6)&
6\VWpPRYiIXQNFHMHSĜHGSURJUDPRYDQiIXQNFHNWHUiMHLQWHJURYDQiGR&381ČNWHUp
] ~ORK SURYiGČQêFK V\VWpPRYêPL IXQNFHPL MH NXSĜ QDVWDYRYiQt SDUDPHWUĤ SUR
PRGXO\SRGSRUDGDWRYpNRPXQLNDFHNRStURYiQtIXQNFtDWG6)&PRKRXEêWYROiQ\]
SURJUDPXEH]XNOiGiQtMDNRVRXþiVWSURJUDPX6)&QHPRKRXEêWSĜLĜD]HQ\GDWRYpPX
EORNX
6\VWpPRYpIXQNþQtEORN\6)%
6\VWpPRYê IXQNþQt EORN MH IXQNþQt EORN LQWHJURYDQê Y RSHUDþQtP V\VWpPX &38
NWHUê PĤåH EêW YROiQ MDNR IXQNþQt EORN Y XåLYDWHOVNpP SURJUDPX 6)& PXVt EêW
SĜLĜD]HQN'%NWHUêPXVtEêWXORåHQGRZQORDGGR&38MDNRVRXþiVWXåLYDWHOVNpKR
SURJUDPX
6\VWpPRYpGDWRYpEORN\6'%
-GH R GDWRYp REODVWL NWHUp REVDKXMt QDVWDYHQt V\VWpPX D SDUDPHWU\ PRGXOĤ 6'% VH
Y\WYiĜHMtDPČQtSĜLNRQILJXURYiQt+:
3ĜtNODGSURYiGČQtSURJUDPX3/&
8NDåPH RSČW QD SĜtNODGX DXWRPDWX ĜDG\ 6LPDWLF 6 3URJUDP PXVt EêW SĜHORåHQ D
XORåHQGRSDPČWLSURJUDPX3/&3URFHVRUSRWRPF\NOLFN\SURYiGtQiVOHGXMtFtSURJUDPRYRX
VP\þNX ,QWHUIDFH PH]L RSHUDþQtP V\VWpPHP D XåLYDWHOVNêP SURJUDPHP WYRĜt RUJDQL]DþQt
EORN2%DMHF\NOLFN\YROiQ
2EU&\NOLFNêUHåLP3/&
7HQWRKUXEêSRKOHGMHQXWQpYLGČWYWČFKWRGHWDLOHFK
6WDUWXS
3R]DSQXWtQHERSRSĜHFKRGX]UHåLPX6WRSGRUHåLPX581&38SURYHGHNRPSOHWQt
UHVWDUWSRPRFt2%.G\åVHREMHYt67$5783PyG&38SURYHGHQiVOHGXMtFt~ORK\
x Y\QXOXMH QHGHVWUXNWLYQt þiVW SDPČWL þDVRYDþH þtWDþH Y\QXOXMH ]iVREQtNRYp
SDPČWL SĜHUXãHQt D EORNĤ Y\QXOXMH YãHFKQD SĜHUXãHQt RG SURFHVX D RG
GLDJQRVWLFNpKRV\VWpPXY\QXOXMHSDPČWL,2
x SURYHGH]iSLVGRZQORDGSDUDPHWUĤPRGXOĤGRWČFKWRPRGXOĤ
x þWH,2NRQILJXUDFLDSRURYQiYiDNWXiOQtVWDY,2VRþHNiYDQêPVWDYHP
x SURYiGtNRPSOHWQtUHVWDUWRSHUDþQtKREORNX2%
x XYROĖXMHYêVWXS\
6FDQ&\FOH
&\NOLFNê SURJUDP QČNG\ MH Wpå QD]êYiQ VWDWLFNêP SURJUDPHP VH VNOiGi ]H WĜt
KODYQtFKNRPSRQHQWĤ
x &38 Y]RUNXMH VWDY YVWXSQtFK VLJQiOĤ D DNWXDOL]XMH SĜHSLVXMH WČPLWR QRYêPL
GDW\SDPČĢYVWXSQtFKGDWYVWXSQtEXIIHU\33,3URFHVV,PDJH,QSXW7DEOH
x &38SURYiGtXåLYDWHOVNêSURJUDPVSĜtVOXãQêPLRSHUDFHPL
x &38 ]DSLVXMH KRGQRW\ ] 3,4 3URFHVV ,PDJH 2XWSXW 7DEOH GR YêVWXSQtFK
PRGXOĤ
2EU3ĜtNODGSRXåLWtEORNĤYXåLYDWHOVNpPSURJUDPX
&38 Y]RUNXMH VWDWXW YVWXSĤ Y NDåGpP F\NOX 9VWXSQt D YêVWXSQt GDWD ]DXMtPDMt Y
RSHUDþQtSDPČWLVYpPtVWR]GH]QDþHQpREODVWL3,D343URJUDPSURFKi]tWČPLWRUHJLVWU\SĜL
]SUDFRYiQt~ORK\
-H]ĜHMPpåHLPRGHUQt3/&Y\NRQiYDMtVWDWLFNêSURJUDPVKRGQČVSĤYRGQtLGHRX3/&
YL] 2EU 3ĜtNODG MHGQRKR XåLYDWHOVNpKR SURJUDPX SĜL EORNRYČ RULHQWRYDQpP
SURJUDPRYiQtMHXNi]iQQD2EU
0RGHUQt3/&YãDNPRKRXY\XåtYDWLSĜHUXãRYDFtKRUHåLPX&38SRVWDYHQp]SUDYLGOD
QD VWDQGDUGQtFK YêNRQQêFK PLNURSURFHVRUHFK 7R ]Y\ãXMH MHMLFK SRXåLWHOQRVW Y þDVRYČ
NULWLFNêFKDSOLNDFtFKNGHMHRãHWĜHQtþDVRYČNULWLFNpDNFHYF\NOLFNpPUHåLPXQHSĜLMDWHOQp-H
QČNROLN PRåQRVWt MDN REVORXåLW þDVRYČ NULWLFNp YVWXS\ D YêVWXS\ 3UYQt ]SĤVRE MH SĜtPê
SĜtVWXSNSHULIHULL=DWtP~þHOHPMHDXWRPDWY\EDYHQSĜtVOXãQêPLLQVWUXNFHPLXPRåĖXMtFtPL
þtVW DNWXiOQt GDWD SĜtPR ]H YVWXSĤ D Y\VtODW MH QD YêVWXSQt MHGQRWN\ QLNROL SĜHV
YVWXSQtYêVWXSQt REODVW RSHUDþQt SDPČWL MDN MH WRPX Y SĜtSDGČ F\NOLFNpKR SURJUDPX 7\WR
LQVWUXNFH PRKRX EêW Y F\NOX QČNROLNUiW SRXåLW\ D ]Y\ãXMt WDN IUHNYHQFL Y]RUNRYiQt þDVRYČ
NULWLFNêFKYHOLþLQ
.URPČWRKRWR]SĤVREXVHY\XåtYDMtMHãWČGYDSĜHUXãRYDFtUHåLP\
x SĜHUXãHQtRGDODUPX
x SĜHUXãHQtRGþDVRYDþH
-DNR MLQp PLNURSRþtWDþH WDNp 3/& Y\XåtYDMt SĜHUXãRYDFt UHåLP PLNURSRþtWDþH
RGYR]HQêRGYQČMãtXGiORVWL=GHMHNWRPXSĜtVOXãQêDODUPRYêEORNSĜHUXãHQt$ODUP2%
3ĜHUXãHQt RG KRGLQ UHiOQpKR þDVX XPRåĖXMH Y GHILQRYDQêFK þDVRYêFK RNDPåLFtFK
SĜHUXãRYDWEČKSURJUDPX8PRåĖXMHWRSRXåLWt7LPH2%
1D 2EU MH QD]QDþHQ GLDJUDP þDVRYpKR SUĤEČKX 3/& SĜL Y\XåLWt SĜHUXãRYDFtKR
UHåLPXRGXGiORVWLDKRGLQYHGOHEČåQpKRF\NOLFNpKRSURYiGČQtXåLYDWHOVNpKRSURJUDPX
2EU)XQNFH263/&SĜLUĤ]QêFKUHåLPHFKSUiFHF\NOXVDSĜHUXãHQt
%ORN2%[SĜHGVWDYXMHIXQNþQtEORNQiEČKXV\VWpPX7HQWREORNVHDNWLYXMHMHQMHGQRX
Y SUĤEČKX IXQNFH 3/& -VRX Y QČP NXSĜ QDWDåHQ\ YãHFKQ\ SRWĜHEQp IXQNFH SUR GDOãt
Y\NRQiYiQt SURJUDPĤ DS -DNPLOH 26 RSXVWt RUJDQL]DþQt EORN 2%[ SĜHMGH GR WUYDOpKR
UHåLPX NWHUê Y\SDGi WDNWR 3ĜHG NDåGêP Y\YROiQtP 2% MDNR SUYQtKR EORNX F\NOLFNpKR
SURJUDPX SĜH]NRXãt ]GD QHSĜLãHO SĜHUXãRYDFt VLJQiO 9 SR]LWLYQtP SĜtSDGČ UHDJXMH QD
SĜHUXãHQt YROiQtP SĜtVOXãQpKR EORNX 2%] QHER 2%\ 7HSUYH SRWRP XYROQt EČK F\NOLFNpPX
SURJUDPX 3ĜL YêVN\WX FK\E\ UXãHQt DS ]DMLVWt 26 VWRS SURJUDPX D XYHGHQt 3/& GR
EH]SHþQpKRVWDYX
3URJUDPRYiQt3/&
6WiYDMtFt SURJUDPRYDFt MD]\N\ 3/& MVRX YHOPL MHGQRGXFKp 2GSRYtGDMt VWiOH MHãWČ YH
YHONpPtĜHVYpPXSĤYRGQtPXSRVOiQtWRWLåXPRåQLWSURMHNWDQWĤPORJLFNp~URYQČĜt]HQtSĜHMtW
] +: ĜHãHQt ERRORYVNêFK URYQLF SRPRFt UHOpRYp QHER EH]NRQWDNWQt ORJLN\ QD ĜHãHQt
%RROHRYVNêFK URYQLF SURJUDPHP SUR SURJUDPRYDWHOQê DXWRPDW 3URWR SĜHYDåXMt W\WR
SURJUDPRYDFtMD]\N\
$*UDILFNp
x MD]\NUHOpRYêFKVFKpPDW/DGGHU'LDJUDP/'
x MD]\NORJLFNêFKVFKpPDW)XQFWLRQ%ORFN'LDJUDP)%'
%$OJHEUDLFNp
x PHPRNyG6/6WDWHPHQW/LVW
6 YêYRMHP +: SURJUDPRYDWHOQêFK DXWRPDWĤ GRFKi]HOR L N YêYRML SURJUDPRYDFtFK
MD]\NĤ3ĜHVWRY1ČPHFNXDVWĜHGQt(YURSČVHSRXåtYiYQHMYČWãtPtĜHPQHPRNyGQČPHFN\
$:/ $QZHLVXQJVOLVWH NRPELQRYDQê V SURJUDPRYiQtP SRPRFt IXQNþQtFK EORNĤ D MD]\N
UHOpRYêFK VFKpPDW /' 9H )UDQFLL VH SURVDGLO PRGHUQt D YHOPL HIHNWLYQt MD]\N SUR SRSLV
VHNYHQþQtKR V\VWpPX *5$)&(7 NRPELQRYDQê V /' 1D VHYHUDPHULFNpP NRQWLQHQWX VH
SRXåtYi WDNĜND YêKUDGQČ /DGGHU 'LDJUDP /' 3ĜHG QČNROLND OHW\ PH]LQiURGQt
HOHNWURWHFKQLFNiNRPLVH,(&Y\GDODQRUPXWêNDMtFtVHSURJUDPRYDWHOQêFKV\VWpPĤDV\VWpPĤ
ORJLFNpKR Ĝt]HQt MDNR WDNRYêFK 7DWR QRUPD EXGH SRSViQD Y GDOãtP .ODGH VL ]D ~NRO
PD[LPiOQtQRUPDOL]DFL+:D]HMPpQD]SĤVREXSURJUDPRYiQt3/&-HFHORXĜDGRXYêUREFĤ
3/&DNFHSWRYiQDDYãDNPiLFHORXĜDGXNULWLNĤDMHMtRVXGQHQt]QiPVRKOHGHPQDU\FKOê
YêYRM PLNURHOHNWURQLFNp WHFKQRORJLH 3ĜHVWR ]ĤVWiYi QHMYê]QDPQČMãt LQLFLDWLYRX Y REODVWL
SURJUDPRYiQt3/&RGY]QLNXWpWRWHFKQLN\
83/&E\OYåG\NODGHQYHONêGĤUD]QDVSROHKOLYRVWDEH]SHþQRVW9GQHãQtGREČVHW\WR
SRåDGDYN\NODGRXQDYãHFKQ\ĜtGLFtV\VWpP\YH]YêãHQpPtĜH3URJUDPRYDWHOQpDXWRPDW\VH
Y\]QDþXMt Y\VRNRX RGROQRVWt SURWL UXãHQt SRWHQFLiORYp RGGČOHQt YVWXSĤ D YêVWXSĤ
GHILQRYDQêP FKRYiQtP Y SĜtSDGČ YêSDGNX QDSiMHQt XYHGHQt GR EH]SHþQpKR VWDYX
DXWRPDWLFNê UHVWDUW XORåHQt SURJUDPX Y QHGHVWUXNWLYQt SDPČWL GLDJQRVWLND YQLWĜQt L YQČMãt
3RGUREQČMãt UR]ERU ĜHãHQt Y\VRFH EH]SHþQêFK D Y\VRFH VSROHKOLYêFK 3/& EXGH SURYHGHQ Y
]iYČUXWpWRSXEOLNDFH
6WDQGDUG,(&
=DþiWNHP OHW ]DKiMLOD ,(& ,QWHUQDWLRQDO (OHFWURWHFKQLFDO &RPPLVVLRQ YêYRM
VWDQGDUGX SUR V\VWpPRYČ QHXWUiOQt SURJUDPRYiQt 3/& V Qi]YHP VWDQGDUG ,(& 5HIOHNWRYDODWDNSRWĜHE\SUD[HQDNWHUpMVPHMLåXSR]RUQLOLY~YRGX-HWĜHEDREHFQČĜtFLåH
VWDQGDUG\ ,QWHUQDWLRQDO (OHFWURWHFKQLFDO &RPPLVVLRQ ]H VYp SRGVWDW\ QHMVRX ]iYD]QRX
QRUPRX PDMt YãDN FKDUDNWHU GRSRUXþHQt NH NWHUêP VH GĜtYH þL SR]GČML SĜLNOiQt YČWãLQD
YêUREFĤ 3RGREQČ MH WRPX NXSĜ Y 1ČPHFNX NGH RUJDQL]DFH QČPHFNêFK LQåHQêUĤ D
HOHNWURWHFKQLNĤ 9'29', QHER RUJDQL]DFH 1$085 Y\GiYDMt GRSRUXþHQt 5LFKWOLQLH
NWHUp SĜHYiåQi YČWãLQD YêUREFĤ QD QČPHFNpP WUKX GRGUåXMH 6WDQGDUG ,(& Y\ãHO Y
þHVNpPMD]\FHMDNRQRUPDý61(1
&RVHWêþHVWDQGDUGX,(&GEiRMHKRUR]ãtĜHQtRUJDQL]DFHVQi]YHP3/&RSHQ7D
MHGQDN Y\GDOD 6WDQGDUG ,(& MHGQDN SURYiGt SRVRX]HQt NRQIRUPLW\ GDQpKR V\VWpPX D
Y\GiYi FHUWLILNiW &RQIRUPLW\ DFFRUGLQJ WR ,(& 7DWR FHUWLILNDFH XPRåĖXMH SĜtPp
SRURYQiQtMHGQRWOLYêFK3/&&HUWLILNDFHPiWĜLKLHUDUFKLFNp~URYQČ>@
]iNODGQt~URYHĖ3URJUDP\PXVHMtEêWNRPSDWLELOQtYHVYp]iNODGQtVWUXNWXĜH
1HMGĤOHåLWČMãtSUYN\SURJUDPRYDFtFKMD]\NĤPXVHMtEêWGHILQRYiQ\
~URYHĖSĜHQRVLWHOQRVWL0XVtEêWPRåQpSĜHQpVWSURJUDPRYRXMHGQRWNX]MHGQRKR
SURJUDPRYpKRV\VWpPXGRGUXKpKR
~URYHĖSOQpNRQIRUPLW\GDOãtUR]SUDFRYiQtGUXKp~URYQČDåSR~SOQRXNRQIRUPLWX
6WDQGDUG,(&VHVWiYi]WČFKWRþiVWt
x ýiVW2EHFQiþiVW
x GHILQLFHSRMPĤ
x IXQNþQtYODVWQRVWL3/&
x ýiVW3RåDGDYN\QDWHFKQLFNpY\EDYHQtDWHVW\
x SRåDGDYN\QDHOHNWULFNRXþiVW
x SRåDGDYN\QDPHFKDQLFNRXþiVW
x SRåDGDYN\QDIXQNFL
x W\SRYp]NRXãN\
x SRGPtQN\QDRNROt
x EH]SHþQRVWQtWĜtG\WHFKQLFNpKRĜHãHQt+:
x ýiVW3URJUDPRYDFtMD]\N\
x 6:PRGHO
x SURJUDPRYDFtMD]\N\
x ýiVWQiYRG\SURXåLYDWHOH
x V\VWpPRYiDQDOê]D
x YêEČU+:
x RSUDY\
x ýiVW.RPXQLNDFH
x NRPXQLNDFHPH]LV\VWpP\UĤ]QêFKYêUREFĤDPH]LUĤ]QêPL]DĜt]HQtPL
x NRPXQLNDFHSRVtWL
x YêPČQDGDW
x RãHWĜHQtDODUPĤ
x VSUiYDVtWČ
1\Qt]DPČĜtPHSR]RUQRVWQDþiVWVWDQGDUGX,(&NWHUêSRMHGQiYiRV\VWpPRYČ
QHXWUiOQtPSURJUDPRYiQt
1D]iNODGČGRVDYDGQtFK]NXãHQRVWtVWYRUERXDSOLNDFtORJLFNpKRĜt]HQtE\OVWDQGDUG,(&
Y\WYRĜHQWDNDE\SURJUDPRYpY\EDYHQtPČORQiVOHGXMtFtFKYODVWQRVWL
x QH]iYLVORVWQDWHFKQLFNpPY\EDYHQt
x PRåQRVWODGČQt6:MLåYHIi]LQiYUKX
x MHGQRWQêSURJUDPiWRUVNêSĜtVWXS
x VWUXNWXURYDQRVWDPRGXODULWD
1H]iYLVORVWQDWHFKQLFNpPY\EDYHQt]DEUiQt]E\WHþQpPXYêYRMLMLåMHGQRXRGODGČQpKR
SURJUDPX3ĜtPêPGĤVOHGNHPMHVQtåHQtQiNODGĤQDYêYRMDMHKRSRGVWDWQp]U\FKOHQt7RKRWR
HIHNWXO]HGRViKQRXWSRXåLWtPSULQFLSĤPRGXOiUQtKRSURJUDPRYiQt
0RåQRVW ODGČQt YH Ii]L QiYUKX PĤåH ]U\FKOLW L ]OHYQLW SURJUDPRYiQt 3/& SURWRåH
SRGVWDWQRX þiVW FK\E O]H RGVWUDQLW MHãWČ SĜHG XYHGHQtP V\VWpPX GR SURYR]X 2GVWUDĖRYiQt
FK\E\ NWHUi VH SURMHYt Då SĜL VSXãWČQt ĜtGLFtKR SURJUDPX MH VORåLWČMãt D QDYtF FK\ED Y
SURJUDPX PĤåH EêW L SĜtþLQRX WHFKQLFNp SRUXFK\ ]DĜt]HQt +ODYQtP SURVWĜHGNHP SUR ODGČQt
RIIOLQHMH]DYHGHQtGDWRYêFKW\SĤDMHMLFKNRQWURO\1HYêKRGRXWRKRWRSĜtVWXSXMHFLWHOQp
]SRPDOHQtSĜtSDGQêFK]PČQYMLåEČåtFtPSURJUDPXQHERĢSĜLMDNpNROLRSUDYČPXVt]GURMRYê
WH[WSURJUDPX]QRYXSURMtWYãHPLW\SRYêPLNRQWURODPLDVHVWDYRYiQtP
-HGQRWQêSURJUDPiWRUVNêSĜtVWXS~]FHVRXYLVtVSRåDGDYNHPQDYtFHQiVREQpSRXåLWtMLå
RGODGČQêFK SURJUDPĤ D Pi SRGREQp GĤVOHGN\ 3ĜLQHVH ]HMPpQD ]NUiFHQt GRE\ SRWĜHEQp QD
]DSUDFRYiQt D SĜHãNROHQt SUDFRYQtNĤ D ]PHQãHQt SRþWX FK\E Y SURJUDPHFK GtN\ ]DYHGHQt
VWDQGDUGQtFK SURJUDPRYêFK PRGXOĤ V MDVQČ GHILQRYDQêPL UR]KUDQtPL 8åLYDWHOL XPRåQt
RSURVWLW VH RG RULHQWDFH QD MHGQRKR YêUREFH D XVQDGQt SUiFL V KHWHURJHQQtPL V\VWpP\
ORJLFNpKRĜt]HQt
6WUXNWXURYDQRVWDPRGXODULWDOpSHRGUiåtVNXWHþQRVWåHORJLFNpĜt]HQtMHþDVWR]DþOHQČQR
GR VORåLWČMãtKR FHONX NWHUê PĤåH REVDKRYDW L SRGV\VWpP\ VSRMLWpKR Ĝt]HQt RSWLPDOL]DFH
DGDSWLYLW\DSRG5RYQČåSĜtSDGNG\VHYODVWQtDXWRPDWVNOiGi]QČNROLNDSRGV\VWpPĤQDSĜ
SURFHVRUĤDSDUDOHOQČ]SUDFRYiYiYtFH~ORKMHOpSHĜHãLWHOQêYVWUXNWXURYDQpPDPRGXOiUQtP
SURVWĜHGt
$UFKLWHNWXUDDSOLNDFH
6WUXNWXUD SURJUDPX PXVt VSOĖRYDW SRåDGDYN\ Y\MPHQRYDQp Y SĜHGHãOpP RGVWDYFL
6WDQGDUG,(&SRþtWiVLPSOHPHQWDFtQČNROLND~URYQtVWUXNWXU\YL]2EU
2EU,PSOHPHQWDFH~URYQt
1HMY\ããt ~URYQt NWHUi SUDNWLFN\ ]DKUQXMH FHORX DSOLNDFL MH W]Y NRQILJXUDFH
&RQILJXUDWLRQ9UiPFLNRQILJXUDFHMHSRSViQDNRPSOHWQt~ORKDORJLFNpKRĜt]HQt$SOLNDFH
MH UR]þOHQČQD QD WHFKQLFNp SURVWĜHGN\ 5HVRXUFHV 3URJUDP SRSVDQê Y UiPFL MHGQRKR
UHVRXUFHXUþXMH þLQQRVW IXQNþQČ VRXYLVHMtFtFK þiVWt V\VWpPX QDSĜ SRSLVXMH QČNROLN
DOJRULWPĤ Y\NRQiYDQêFK MHGQtP SURFHVRUHP 3UR ~þHO\ GDOãtKR þOHQČQt NRQILJXUDFH ]DYiGt
VWDQGDUG GYČ NDWHJRULH QD VWHMQp KLHUDUFKLFNp ~URYQL ~ORK\ D SURJUDP\ 7DVNV 3URJUDPV
3RPRFt~ORK\MHPRåQpGHILQRYDWSRGPtQN\DSDUDPHWU\SURIXQJRYiQtþiVWtSURJUDPX/]H
QDSĜtNODGXUþLWþDVRYRXSHULRGXVQtåMHGDQêSURJUDPVSRXãWČQO]HXUþLWXGiORVWYHGRXFtN
DNWLYDFLSURJUDPXMHPRåQpVWDQRYLWSULRULWXNDåGp~ORK\DSRG3RGPtQN\NWHUpMVRXY~OR]H
GHILQRYiQ\SODWtYåG\SURW\SURJUDP\NWHUpMVRXGDQp~OR]HH[SOLFLWQČSĜLĜD]HQ\3URJUDP\
EH] H[SOLFLWQtKR SĜLĜD]HQt N QČNWHUp ~OR]H 7DVN MVRX Y\NRQiYiQ\ F\NOLFN\ D QH]iYLVOH QD
YãHFK ~ORKiFK SRGREQČ MDNR VWDWLFNp SURJUDP\ X VWiYDMtFtFK SURJUDPRYDWHOQêFK DXWRPDWĤ
.DåGi ] ~URYQt ]DþtQi VSHFLILFNêP NOtþRYêP VORYHP D MH X]DYĜHQD SĜtND]HP (1'BNOtþRYp
VORYRNGHNOtþRYpVORYRMHWRWRåQpVXYR]XMtFtPNOtþRYêPVORYHP
9QiVOHGXMtFtPSĜtNODGX2EUMHSURJDNWLYRYiQSHULRGLFN\VSHULRGRXPVD
SULRULWRX SURJUDP SURJ SUDFXMH WDNp F\NOLFN\ V SHULRGRX PV D SULRULWRX 2ED
SURJUDP\ MVRX LPSOHPHQWRYiQ\ QD MHGQRP WHFKQLFNpP SURVWĜHGNX 1D MLQpP WHFKQLFNpP
SURVWĜHGNX QDSĜ SURFHVRUX EČåt SURJUDP SURJ EH] SĜLĜD]HQp ~ORK\ SUDFXMH WHG\
QHSĜHWUåLWČF\NOLFN\,GHQWLILNiWRU\SRHSRHR]QDþXMtVDPRVWDWQČGHILQRYDQpSURJUDP\
QHERIXQNFH9êSLVSURJUDPXMHXYHGHQYGDOãtþiVWL
&21),*85$7,21H[DPSOH
5(6285&(ILUVWUHV21SURFHVVRU
7$6.RQH,17(59$/ WPV35,25,7< 7$6.WZR,17(59$/ WPV35,25,7< 352*5$0SURJ:,7+WZRSRH
352*5$0SURJ:,7+RQHSRH
(1'B5(6285&(
5(6285&(
7$6.WKUHH6,1*/( [35,25,7< 352*5$0SURJSRH
(1'B5(6285&(
(1'B&21),*85$7,21
2EU3ĜtNODGSURJUDPX
-HGQRWOLYp SURJUDP\ MLå RGSRYtGDMt EČåQêP ]Y\NORVWHP -VRX VHVWDYHQ\ ] LQVWUXNFt D
IXQNþQtFK YROiQt 7D MVRX UR]GČOHQD QD YROiQt IXQNFt D YROiQt IXQNþQtFK EORNĤ )XQFWLRQV
)XQFWLRQ%ORFNV )XQNFH PXVt QD VWHMQp YVWXSQt SDUDPHWU\ UHDJRYDW VWHMQêP YêVWXSHP
QHVPtWHG\Y\XåtYDWORNiOQtSDPČĢ1DSURWLWRPXIXQNþQtEORN\Y\XåtYDMtYODVWQtSDPČĢD
WDNPRKRXUHDOL]RYDWG\QDPLNXQDSĜSĜHQRVRYRXIXQNFL1DUR]GtORGIXQNFtPDMtIXQNþQt
EORN\ SĜtVWXS L NH JOREiOQtP SURPČQQêP )XQNFH D IXQNþQt EORN\ VH PRKRX Y]iMHPQČ
Y\YROiYDW 1HQt PRåQp YROiQt IXQNþQtKR EORNX ] IXQNFH QHERĢ E\ VH SRUXãLO VWDWLFNê
FKDUDNWHU IXQNFH $E\ E\OD ]DMLãWČQD QH]iYLVORVW IXQNFt D IXQNþQtFK EORNĤ QD NRQNUpWQt
DSOLNDFL ]DND]XMH VWDQGDUG SĜtPp Y\XåtYiQt +: DGUHV D RPH]XMH SĜtVWXS N SDPČWL QD
LGHQWLILNiWRU\SURPČQQêFK
3RXåtYiQtKLHUDUFKLFNêFK~URYQtDVWUXNWXUDOL]DFHYHGHNYČWãtþDVRYpQiURþQRVWLSUiFH
VH]GURMRYêPWH[WHP7HQPXVtSURMtWSRPČUQČ]GORXKDYêPSURFHVHPSĜHNODGXDVHVWDYRYiQt
QHåPĤåHEêWVSXãWČQ
'DWRYpW\S\DSURPČQQp
6WDQGDUG,(&SĜHGHSLVXMHSRXåtYiQtGHNODUDFtSURPČQQêFKFRåGRVXGQHE\ORX
SURJUDPRYDWHOQêFK DXWRPDWĤ REY\NOp 'HNODUDFH VH XPtVĢXMt QD ]DþiWHN NRQILJXUDFH
SURJUDPXIXQNFHQHERIXQNþQtKREORNX1DSĜtVOXãQp~URYQLMVRXSDNGHNODURYDQpSURPČQQp
ORNiOQt 9 UiPFL NRQILJXUDFt D SURJUDPĤ PĤåH XåLYDWHO SĜtPR XUþLW +: SR]LFL SURPČQQp
SRPRFtNOtþRYpKRVORYD$7]DQtPåQiVOHGXMHDGUHVDSDPČWL'RGHNODUDFHO]H]DKUQRXWWDNp
LQLFLDOL]DþQtKRGQRW\SURMHGQRWOLYpSURPČQQpNWHUpEXGRXGRSURPČQQêFKYORåHQ\SĜLVWDUWX
SURJUDPX
'HILQLFHGDWRYêFKW\SĤMVRXREGREQpMDNRXY\ããtFKSURJUDPRYDFtFKMD]\NĤ6WDQGDUG
SUDFXMH V SĜHGGHILQRYDQêPL W\S\ %22/ ,17 :25' ':25' D XPRåĖXMH RGYR]RYiQt
GDOãtFKXåLYDWHOVNêFKW\SĤYþHWQČSROtDYtFHUR]PČUQêFKSROt
=iNODGQtYODVWQRVWLGHNODUDFtDGHILQLFtSRGOH,(&MVRXWHG\YSRGVWDWČWRWRåQpV
YODVWQRVWPL GHNODUDFt D GHILQLFt YH Y\ããtFK SURJUDPRYDFtFK MD]\FtFK 6WDQGDUG MH YãDN GiOH
UR]ãLĜXMHSURVSHFLiOQtSRWĜHE\SURJUDPRYDWHOQêFKDXWRPDWĤRQiVOHGXMtFtYODVWQRVWL
x 3RPRFt NOtþRYpKR VORYD 9$5B*/2%$/ O]H QD NWHUpNROL ~URYQL GHNODURYDW
JOREiOQt SURPČQQRX 6WDQGDUG QD UR]GtO RG GRVDYDGQtFK SURJUDPRYDWHOQêFK
DXWRPDWĤUR]OLãXMHPH]LORNiOQtPLDJOREiOQtPLGDWRYêPLVWUXNWXUDPL6WiYDMtFt
SURJUDPRYDFt MD]\N\ SUR DXWRPDW\ QČNG\ XPRåĖXMt KLHUDUFKLFNp þOHQČQt
SURJUDPX åiGQê ] QLFK DOH QHGRYROXMH VNXWHþQRX ORNDOL]DFL SURPČQQêFK 7R
þDVWRYHGHNHNROL]tPDFK\EiPĜtGLFtKRSURJUDPX
x ,QLFLDOL]DþQtKRGQRW\PRKRXEêWSĜLĜD]HQ\LMHGQRWOLYêPGDWRYêPW\SĤP.DåGp
SURPČQQp MH SR VSXãWČQt SURJUDPX SĜLĜD]HQD LQLFLDOL]DþQt KRGQRWD SRGOH MHMtKR
W\SXSRNXGQHPiYODVWQtLQLFLDOL]DþQtKRGQRWX
x 3RNXGPiEêWKRGQRWDQČNWHUpSURPČQQpXFKRYiQDLSĜLYêSDGNXQDSiMHQtPXVt
]D MHMt GHNODUDFt QiVOHGRYDW NOtþRYp VORYR 5(7$,1 3ĜL RSČWRYQpP VWDUWX
V\VWpPXO]HWXWRSURPČQQRXGiOHSRXåtYDWEH]]WUiW\LQIRUPDFH
x 3DUDPHWU\ IXQNFt D IXQNþQtFK EORNĤ MVRX UR]GČOHQ\ QD YVWXS\ D YêVWXS\ PDMt
WHG\ IRUPiOQČ SRGREX UR]KUDQt 3ĜL MHMLFK GHNODUDFL VH SRXåtYi NOtþRYêFK VORY
9$5B,1387 D 9$5B287387 1iVOHGXMtFt SĜtNODG XND]XMH GHNODUDFL
IRUPiOQtFKSDUDPHWUĤIXQNþQtKREORNX
)81&7,21B%/2&.EORN
9$5B,1387
[%22/
\%22/
(1'B9$5
9$5B287387
]%22/
(1'B9$5
^]iSLVUR]KUDQtIXQNþEORNX`
(1'B)81&7,21B%/2&.
3UREOpPRYČRULHQWRYDQpSURJUDPRYiQt
3URWRåH DXWRPDW\ YH YHONp PtĜH QDKUD]XMt UHOpRYRX D EH]NRQWDNWQt ORJLNX Y\FKi]HMt
SURJUDPRYDFt MD]\N\ SUR 3/& YČWãLQRX ] SRåDGDYNX QD SĜtPê SĜHSLV ORJLFNp IXQNFH GR
SURJUDPX SUR ĜtGLFt DSOLNDFH 7DN Y]QLNOD FHOi ĜDGD SURJUDPRYDFtFK MD]\NĤ MHMLFKå
LPSOHPHQWDFH ]iYLVt MHGQDN QD NRQNUpWQtP SRXåLWt MHGQDN QD YêUREFL NWHUê PQRKG\
SRGSRUXMHMHQQČNWHUp]QLFK6WDQGDUG,(&UHVSHNWXMHYãHREHFQRXUR]ãtĜHQRVWWČFKWR
]SĤVREĤ ]iSLVX D YãHFKQ\ MH SRGSRUXMH 1DYtF SRGSRUXMH L Y\ããt IRUPX SURJUDPRYDQt VWUXNWXURYDQêWH[W3ĜHKOHGSURJUDPRYDFtFKMD]\NĤMHXYHGHQYGDOãtP
=SČWQiGRNXPHQWDFH
3RG SRMPHP ]SČWQi GRNXPHQWDFH UR]XPtPH HYLGHQFL RSUDY D ]PČQ Y ĜtGtFtP
SURJUDPXSURYHGHQêFKSĜLXYiGČQtV\VWpPXGRSURYR]XSĜL]PČQiFKQDWHFKQLFNpP]DĜt]HQt
DS
'RVXG QHQt PRåQp ]KRWRYLW ]SČWQRX GRNXPHQWDFL SURMHNWRYDQpKR ĜtGLFtKR 3/&
V\VWpPXSĜtPR]HV\VWpPXEH]SĜtGDYQêFKSURJUDPRYêFKSURVWĜHGNĤ$QLVWDQGDUG,(&
Y WRPWR VP\VOX QHþLQt Y\MtPNX 'RVDYDGQt SUD[H VSRþtYi Y SĜLĜD]RYiQt NRPHQWiĜĤ N
GRNXPHQWDFL ]tVNDQp YH Ii]L SURMHNWRYiQt V\VWpPX ORJLFNpKR Ĝt]HQt W]YGRSĜHGQp
GRNXPHQWDFL
'OHVWDQGDUGXH[LVWXMtGYČFHVW\SURWYRUEX]SČWQpSURMHNþQtGRNXPHQWDFHHIHNWLYQČMãtP
]SĤVREHP
.URPČSĜHORåHQpKRĜtGLFtKRSURJUDPXVHPXVtGR3/&XORåLWLMHKR]GURMRYêWH[W
.DåGi]PČQDSURYHGHQiQDYODVWQtPĜtGLFtPV\VWpPXVHSURMHYt]PČQRXYH
]GURMRYpPWH[WX7DNMH]DMLãWČQRåH]GURMRYêWH[WLEČåtFtSURJUDPVSROXSĜHVQČ
NRUHVSRQGXMt=SČWQRXGRNXPHQWDFLO]HSDNNG\NROL]tVNDWSĜHþWHQtP]GURMRYpKR
SURJUDPX]DXWRPDWX7HQWR]SĤVREYãDNNODGHY\VRNpQiURN\QDSDPČĢ
SURJUDPRYDWHOQpKRDXWRPDWX
-HURYQČåPRåQpXNOiGDW]GURMRYpSURJUDP\MHGQRWOLYêFKDXWRPDWĤQDH[WHUQtQRVLþH
GDWDY\KQRXWVHWDN]YêãHQêPQiURNĤPQDSDPČĢDXWRPDWĤ$NWXiOQt]SČWQi
GRNXPHQWDFHVHSDNWYRĜtQDRSHUiWRUVNpNRQ]ROHQDMHMtå~URYQLMHQXWQp]DMLVWLW
NRUHVSRQGHQFLPH]L]GURMRYêPDSĜHORåHQêPSURJUDPHPþHKRåO]HGRViKQRXWQDSĜ
NRQWURORXþtVHOYHU]tSURJUDPĤ
3ULQFLSSRXåLWtNQLKRYHQDVWDQGDUGQtFKIXQNFt
3URJUDPRYpY\EDYHQtVWiYDMtFtFKDXWRPDWĤMLåEČåQČY\XåtYiIXQNFtDIXQNþQtFKEORNĤ
NWHUpSDWĜtPH]LSUYN\VWUXNWXURYDQpKRSURJUDPRYiQt,(&YãDNVWDQRYXMHåHIXQNFH
DIXQNþQtEORN\QHVPtSRXåtYDWSĜtPpDGUHVRYiQt7tPVHGRViKQHWRKRåHIXQNFHDIXQNþQt
EORN\PDMtVWHMQpFKRYiQtSURUĤ]QpWHFKQLFNpY\EDYHQt1DVD]HQtIXQNþQtKREORNXþLIXQNFH
GRMLQpKRSURVWĜHGtY\åDGXMHQDQHMYêãH]PČQXSDUDPHWUĤ
6WDQGDUG ,(& GHILQXMH NURPČ Qi]YĤ IXQNFt V\QWD[H L MHMLFK FKRYiQt
VpPDQWLNX 7tP VH GRViKQH WRKR åH VH SURJUDP\ Y\XåtYDMtFt YêKUDGQČ WČFKWR IXQNFt D
IXQNþQtFK EORNĤ PRKRX SRXåtYDW QDSURVWR SUXåQČ 8åLYDWHO VL WYRĜt YODVWQt LQVWDQFH
NQLKRYQtFK IXQNFt D EORNĤ WDN åH GHNODUXMH YODVWQt LGHQWLILNiWRU IXQNFH D WRPXWR
LGHQWLILNiWRUXSĜLĜDGtW\SSĜtVOXãQpNQLKRYQtIXQNFH.DåGiLQVWDQFHNQLKRYQtIXQNFHSUDFXMHV
YODVWQtPL ORNiOQtPL GDW\ 2SHUDþQt V\VWpP DXWRPDWX PXVt ]DMLVWLW VSUiYX SDPČWL WDN DE\
MHGQRWOLYpLQVWDQFHNQLKRYQtFKIXQNFtSUDFRYDO\VQH]iYLVOêPLGDW\7DWRNRQFHSFHE\PČOD
YpVW N WYRUEČ KDUGZDURYČ QH]iYLVOêFK NQLKRYHQ IXQNþQtFK EORNĤ NWHUp E\ PRKO\ RERKDWLW
QDEtGNXSURJUDPRYpKRY\EDYHQtSUR3/&=iURYHĖVQLåXMH]iYLVORVWSURJUDPRYpKRY\EDYHQt
QDNRQNUpWQtPYêUREFLDNODGHYČWãtGĤUD]QDVSHFLILNDĜt]HQpDSOLNDFH
3UĤP\VORYi3&YĜt]HQt
-HGQRX ] PRGHUQtFK YDULDQW ĜtGLFtFK V\VWpPĤ MH RVREQt SRþtWDþ 3& Y SUĤP\VORYpP
SURYHGHQt3URW\WRV\VWpP\VHYåLOQi]HY,3&,QGXVWU\3&7DWRWHFKQLNDVH]DþDODQDWUKX
REMHYRYDWY]DþiWNXOHW9WpGREČMHQQČNROLNHYURSVNêFKILUHPQDEt]HORW\WRYêUREN\V
QHSĜtOLã YHONêP ~VSČFKHP 0\ãOHQND E\OD SĜLUR]HQi D OiNDYi GRGDW SUĤP\VORYpPX Ĝt]HQt
SRGREQêSURJUDPiWRUVNêNRPIRUWMDNêSRVN\WRYDO\ĜtGLFtSRþtWDþHDPLQLSRþtWDþHDMDNpYH
YHONpPtĜHSRVN\WXMtGLVWULEXRYDQpV\VWpP\SURĜt]HQtSURFHVĤ'&67RYãDNVSOĖXMHNDåGp
3& $YãDN SUR Ĝt]HQt MH QH]E\WQČ QXWQp DE\ ĜtGLFt V\VWpP VSOĖRYDO MHãWČ FHORX ĜDGX
HOHNWURWHFKQLFNêFKQRUHPDGRSRUXþHQt.XSĜSURYêUREFH,3&Y1ČPHFNXWR]QDPHQiVSOQLW
QiVOHGXMtFtQRUP\>@
x ',1 9'( D ',1 9'( WêNDMtFt VH HOHNWURWHFKQLFNêFK YêURENĤ SUR
SUĤP\VORYpVWURMH
x 9',%ODWWELV3URJUDPRYDWHOQpDXWRPDW\
x ',13URJUDPRYiQt3/&
x ',1,(&%þiVWDå6WDQGDUGSURJUDPRYDWHOQêFKDXWRPDWĤ
9WČFKWRQRUPiFKMVRXXYHGHQ\SRåDGDYN\QDQDSiMHQtQDYHOLNRVWLYVWXSQtFKVLJQiOĤ
SRWHQFLiORYpRGGČOHQtYVWXSĤYHOLNRVWYVWXSQtKRSURXGXþDVSĜHSQXWtDGDOãt3RGREQČMVRX
XGiQ\SDUDPHWU\YêVWXSQtFKVLJQiOĤ
x ',1,(&NODVLILNDFHSRåDGDYNĤVRKOHGHPQDåLYRWQtSURVWĜHGt
x ',1,(&SRåDGDYN\QD]NRXãN\YLEUDFHUi]\WUDQVSRUWWHSORWDVtOD
x ',1 9'( GtO Då HOHNWURPDJQHWLFNi NRPSDWLELOLWD SUR PČĜtFt ĜtGLFt D
UHJXODþQt]DĜt]HQt
x ',19'(GtOEH]SHþQRVWSURWLSRUXãH]HOHNWULFNpKRYHGHQtDYêERMHP
]GHNXSĜMHMHGQR]QDþQêSRåDGDYHNQDXYHGHQtYãHFKYêVWXSĤGRGHILQRYDQpKR
EH]SHþQpKRVWDYXYSĜtSDGČYêVN\WXSRUXFK\
'DOãtSRåDGDYN\MVRXQDSURYHGHQtVLORYpþiVWLĜtGLFtKRV\VWpPXMDNRQDSĜtYRGQtNDEHO
NRQHNWRUD]iVXYNXDGDOãtQDVLJQDOL]DFLYVWXSĤDYêVWXSĤQDþHOQtPSDQHOXNDUHW,2
9\EDYLW VWDQGDUGQt 3& L WČPLWR YODVWQRVWPL ]QDPHQDOR YêUD]Qp ]YêãHQt FHQ\ RSURWL
VWDQGDUGQtPX NDQFHOiĜVNpPX SURYHGHQt 3& Y SUĤPČUX [ 7R E\OR YiåQp RPH]HQt
1HMWYUGãtSRGPtQNXNWHURX,3&]DþiWNXOHWDGHIDFWRDåGRUR]ãtĜHQtRSHUDþQtKRV\VWpPX
:LQGRZV 17 QHE\O\ VFKRSQ\ XVSRNRMLYČ VSOQLW E\O SRåDGDYHN QD VWDELOQt PXOWLWDVNRYê D
PXOWLXåLYDWHOVNê RSHUDþQt V\VWpP 6\VWpP 06 '26 E\O SUR W\WR ~þHO\ QHYKRGQê DYãDN
REMHYRYDO\ VH MHKR YDULDQW\ VSOĖXMtFt W\WR SRåDGDYN\ 0'26 D GDOãt 3RGREQČ VH
REMHYRYDO\]MHGQRGXãHQpYDULDQW\2681,;)OH[RVDGDOãt NWHUpVHVNXWHþQČYĜt]HQt
QDQČNWHUêFK3&SRXåtYDO\
2GSRORYLQ\OHWQDEêYiSRGtO,3&QDWUKXDXWRPDWL]DFHQDYê]QDPXDMHMDVQpåHY
MLVWp GREČ EXGRX YiåQêP NRQNXUHQWHP 3/& D GDOãt ĜtGLFt WHFKQLFH 1D Y\ããt ~URYQL Ĝt]HQt
Y\WODþXMt YêNRQQi 3& SRVWXSQČ GUDKp SUDFRYQt VWDQLFH :RUNVWDWLRQ DYãDN L QD ~URYQL
EH]SURVWĜHGQtKRĜt]HQtMHMLFKYê]QDPURVWH-LåGQHVMHYDULDQWDĜtGLFtKRV\VWpPXQDEi]L,3&
OHYQČMãtQHåHNYLYDOHQWY3/&SURYHGHQt6WiOHYãDN3/&Y\ND]XMtY\ããtVSROHKOLYRVWDWtPL
EH]SHþQRVW FRå MVRX GYD GQHV QHMVOHGRYDQČMãt SDUDPHWU\ Ĝt]HQt 'ĤYRGHP MH VWiOH Y\ããt
VSROHKOLYRVW MHGQRGXFKpKR PXOWLWDVNRYpKR RSHUDþQtKR V\VWpPX UHiOQpKR þDVX NWHUê PDMt
3/& $QL :LQGRZV 17 NWHUp MVRX QD ,3& SRXåtYiQ\ QHPRKRX EêW WČPWR V\VWpPĤP
URYQRFHQQêPNRQNXUHQWHPYHVWDELOLWČ9êYRMRYãHPKRYRĜtSUR,3&DGDOãtSRGRE\Y\ããtFK
ĜtGLFtFK V\VWpPĤ D SRGtO 3/& QD Ĝt]HQt ]HMPpQD YH YČWãtFK DSOLNDFtFK NGH QHGRVWDWHþQê
SURJUDPiWRUVNêNRPIRUWSURGOXåXMHIi]LSURMHNWXĜtGLFtKRV\VWpPXEXGHNOHVDW
9VRXþDVQpGREČĜHãt,3&~ORK\Ĝt]HQtORJLFNp~URYQČSĜHVQČML ~NRO\EH]SURVWĜHGQtKR
Ĝt]HQtDUHJXODFHVSĜHYDåXMtFtPORJLFNêPĜt]HQtPQiVOHGXMtFtP]SĤVREHP
6ORW3/&D6RIW3/&
%ČKHPGRE\VHXVWiOLO\GYČ]iNODGQtNDWHJRULH6:SURJUDPRYDWHOQêFKDXWRPDWĤ-HGQi
VHRW]Y6/273/&D62)73/&=DWtPFRILORVRILH6/273/&Y\FKi]t]WRKRåH3&QHQt]
SRGVWDW\XUþHQRSURĜt]HQtYQHMREWtåQČMãtFKSRGPtQNiFKSĜLVWiOHVH]Y\ãXMtFtFKQiURFtFKQD
VSROHKOLYRVW ĜtGLFtKR V\VWpPX GUXKi NDWHJRULH 3& RULHQWRYDQêFK 3/& Y\FKi]t ] WRKR åH
YêYRM HOHNWURQLN\ D RSHUDþQtFK V\VWpPĤ SRYHGH N GRVDåHQt GRVWDWHþQp VSROHKOLYRVW 3& MDNR
V\VWpPX EH]SURVWĜHGQtKR Ĝt]HQt 6RIW 3/& UHDOL]XMH 6: HPXODFL 3/& þLVWČ SURJUDPRYêPL
SURVWĜHGN\SĜL+:SRGSRĜHWRKRWR]iPČUX9\XåtYi&38RVREQtKRSRþtWDþHDSURSRMHQtQD
SURFHVUHDOL]XMHYVWXSQtPLYêVWXSQtPLPRGXO\XPtVWČQêPLQDYQLWĜQtVEČUQLFL3&=GĤYRGĤ
]YêãHQt VSROHKOLYRVWL MH QXWQp SRXåtYDW :LQGRZV 173UYQt NDWHJRULH 6/27 3/& QDRSDN
Y\FKi]t ]H VSRMHQt VSROHKOLYRVWL 3/& D NRPIRUWX 3& 'R YQLWĜQt VEČUQLFH ,6$ QHER 3&,
XPtVĢXMHVDPRVWDWQpNDUW\QDNWHUêFKMHREYRGRYČY\WYRĜHQR3/&VYODVWQt&38DYODVWQtP
SUR3/&QHMYKRGQČMãtPRSHUDþQtPV\VWpPHPUHiOQpKRþDVX6DPRWQp3&SDNPĤåHEČåHWSRG
L PpQČ VWDELOQtP RSHUDþQtP V\VWpPHP V NDUWRX 3/& NRPXQLNXMH VWDQGDUGQtPL 6:
UR]KUDQtPL Y SURVWĜHGt :LQGRZV 9 QiVOHGXMtFtP SĜHKOHGX >@ >@ XYHćPH YH VURYQiQt
QČNWHUêFKSDUDPHWUĤYODVWQRVWLRERXNDWHJRULtMHMLFKSĜHGQRVWLDQHYêKRG\
6OHGRYDQi
YODVWQRVW
9êKRG\
1HYêKRG\
)LHOGEXV
6ORW3/&
6RIW3/&
VSROHKOLYRVW
UHDOWLPH26
ĜtGSURJUDPEČåtQD
VDPRVWDWQpP3/&
YL]XDOL]DFHSURJUSURVWĜQD3&
QHSĜHWUåLWêEČK
2NDPåLWêQiEČK
DXWRPUHVWDUW
SURJUDPMD]\N\3/&
KHWHURJHQQtV\VWpP
Y\ããtFHQD+:
UĤ]QpSURJUDPRYiQtORJLFNp
DVSRMLWp~URYQČĜt]HQt
3URILEXV
&$1
'HYLFH1HW
,QWHUEXV
'DOãt
NRPSDNWQtFHOHN
Y\XåLWtMHGQRWQpKR6:SURVWĜHGt
MHGQRGXFKRVW
Y\XåLWt6&$'$
Y\XåLWt/$1Ĥ
SRGSRUDVWDQGDUGĤ
QLåãtFHQD
QLåãtVSROHKO+:
QLåãtVSROHKO6:
Y\ããtFHQD6:
FHQDUREXVWQtKRSURYHGHQt
(WKHUQHW
&$1
3URILEXV
,QWHUEXV
GDOãt
6OHGRYDQi
YODVWQRVW
2SHUV\VWpP3&
SURSURJUDP
2SHUV\VWpP
QDNDUWČ
6ORW3/&
6RIW3/&
'26
:LQGRZV
:LQGRZV
:LQGRZV
:LQGRZV17
'26
26
6SHF57
3HQWLXP
:LQGRZV&(
:LQGRZV17
:LQGRZV&(
:LQGRZV17
5726
3URFHVRU\QD
NDUWČ
3URFHVRU\Y3&
3HQWLXP
3URJUDPRYDFt6: 6WHS6WHS
,(&
9ODVWQt
3URJUDPRYDFt
,/)%'6)&
-D]\N\
/DGGHU
,(&
6FKRSQRVWEČKX $12
3ĜLSRUXãH3&D
+'
1ČMDNpIRUP\
$12
GLDJQRVWLN\
:(%VWUiQN\
2PH]HQČ
3HQWLXP
6WHS6WHS
,(&
9LVXDO%DVLF
9LVXDO&&
9LVXDO&&
6WHS
,(&
1(
$12
DQR
3UĤP\VORYi3&VHY\UiEČMtYQČNROLNDSURYHGHQtFK
x QD',1OLãWXYSURYHGHQtGRUR]YDGČþH
x NRPSDNWQtSURYHGHQt,3&VWDQGDORQH
x VWDYHEQLFH3&
x VWDYHEQLFH',003&
'tN\VYpXQLYHUVDOLWČDIOH[LELOLWČDSURJUDPRYiQtYHY\ããtFKSURJUDPRYDFtFKMD]\FtFK
XPRåĖXMH ĜHãHQt V ,3& VQDGQp Y\XåLWt QHXWUiOQtFK 6&$'$ 6XSHUYL]RU\ &RQWURO DQG 'DWD
$TXLVLWLRQ 6\VWHP SUR SĜtPp L QDGĜD]HQp Ĝt]HQt 'iOH XPRåĖXMH VQDGQp SURSRMRYiQt
MHGQRWOLYêFK ,3& QDY]iMHP PH]L VHERX D V Y\ããtPL L QLåãtPL KLHUDUFKLFNêPL ~URYQČPL D MH
QHMOpSHSĜLSUDYHQRQDYêYRMYREODVWLNRPXQLNDFHSRPRFtSUĤP\VORYpKR(WKHUQHWX
3ĜtNODGSRXåLWt,3&
9]KOHGHPNIOH[LELOLWČ,3&QDEt]tVHLPRåQRVWNRPELQRYiQt3/&IXQNFtD&1&IXQNFt
Y MHGQRP QHER QČNROLND ,3& 7DNRYêP ]SĤVREHP MH SDN PRåQp SURMHNWRYDW NXSĜ SUXåQp
YêUREQt EXĖN\ 2EU 2EU 3UiYČ ]GH MH PRåQp KOHGDW VRXþDVQp XSODWQČQt ,3& Y
QHMYČWãtDQHMHIHNWLYQČMãtPtĜH>@
)ORSS\
0RQLWRU
.OiYHVQLFH
6EČUQLFH%86
9êVWXS\
9VWXS\
9êNRQ
2GGČOHQt
3/&IXQNFH
,QNUHPHQW
VQtPDþH
&1&IXQNFH
0RGXO\
SRORK\
'&
PRWRU\
.URNRYp
PRWRU\
)UHNYHQþQt
PČQLþH 2EU3ĜtNODG,3&SURĜt]HQtYêUREQtEXĖN\
2EU.RQILJXUDFH,3&SUR3/&D&1&Ĝt]HQtYêUREQtEXĖN\
1D GDOãt 2EU MH ]Qi]RUQČQR 6: Y\EDYHQt ,3& SUR ~þHO\ Ĝt]HQt YêUREQt EXĖN\
9]KOHGHP N YHONpPX UXãHQt MVRX MHGQRWOLYp SHULIHUQt PRGXO\ XPtVWČQp SĜtPR QD VWURMtFK
YêUREQt EXĖN\ SURSRMHQ\ VYČWORYRGLþHP =GH SRXåLWê >@ /LJKW%XV SUDFXMH V U\FKORVWt 0ELWĤV 3ĜL SRXåLWt VNOHQČQpKR YOiNQD MH SRYROHQi Y]GiOHQRVW PH]L PRGXO\ P SUR
SODVWLNRYêVYČWORYRGLþWRþLQtMHQP3URWDNRYRXDSOLNDFLMHQH]E\WQČQXWQpSRXåtWQČMDNê
V\VWpPLQWHJUXMtFtMDN&1&Ĝt]HQtYêUREQtFKVWURMĤWDNQH]iYLVOêĜtGLFtV\VWpPNXSĜURERWD
WDN 3/& Ĝt]HQt QČNWHUêFK VSROXSUDFXMtFtFK VWURMĤ GRSUDYQtN\ VLJQDOL]DFH Ĝt]HQt YUWiQt
VWDYČQtGRSUDYQtFKFHVWOLQN\DS3UĤP\VORYp3&WRWRPĤåHLQWHJURYDWYMHGHQV\VWpPVQi]H
D V QLåãtPL QiNODG\ QHå E\ WR E\OR PRåQp UHDOL]RYDW ] +: QH]iYLVOêFK 3/& D &1&
3ĜHGSRNODGHPSURWRMH6:Y\EDYHQt,3&NWHUpREVDKXMHMHGQDN
x UHDOWLPHNHUQHOSUR3/&D&1&SURJUDP\
x PXOWLWDVNRYêDPQRKRXåLYDWHOVNêRSHUDþQtV\VWpP
x Y\ããtSURJUDPRYDFtMD]\N\SURQDGĜD]HQpĜt]HQt
x SURJUDPRYpSURVWĜHGtSUR3/&D&1&SURJUDPRYiQt
x DSOLNDþQt6:SUR3/&D&1&Ĝt]HQt
2EU6:Y\EDYHQt,3&SUR~þHO\Ĝt]HQtYêUREQtEXĖN\
ětGLFt SUDFRYLãWČ GiOH PXVt XPRåQLW SĜLSRMHQt SHULIHULt SUR U\FKOê YVWXS ~GDMĤ SUR
YêUREX VFDQQHU D YêVWXS SUR WLVN SURWRNROĤ DS 5RYQČå PĤåH EêW Y\EDYHQR WHOHIRQQtP
PRGHPHP SUR SĜtSDG KOiãHQt SRUXFK DS 3URSRMHQt V QDGĜD]HQRX GDWDEi]t VWDQGDUGQtP
(WKHUQHWHPMHSĜLUR]HQêPY\EDYHQtPNDåGpKR3&
6\VWpP\6RIWFRQWURO
.URPČ NRPSDNWQtFK YHONêFK '&6 D 3/& RULHQWRYDQêFK GLVWULEXRYDQêFK ĜtGLFtFK
V\VWpPĤVWiOHSĜLEêYi3&RULHQWRYDQêFK'&6V\VWpPĤSĜHGVWDYXMtFtFKYHYČWãtþLPHQãtPtĜH
W]YVRIWFRQWUROWHG\Ĝt]HQtSURFHVĤOLQHNDVWURMĤV\VWpP\MHMLFKå]iNODGWYRĜtYêNRQQi3&
EH] GDOãtFK VWDQLF QD SURFHVQt WHFKQRORJLFNp ~URYQL Ĝt]HQt 3RGREQČ MDNR Y SĜtSDGČ VRIW
3/& L Yê]QDP VRIW '&6 VH EXGH V SRVWXSHP þDVX ]YČWãRYDW 3UR MHMLFK PDVLYQt UR]ãtĜHQt
KRYRĜtQLåãtFHQDYêYRMHYČWãtIOH[LELOLWDDRWHYĜHQRVWYČWãtY\XåtYiQtVWDQGDUGĤDRWHYĜHQêFK
6:SURGXNWĤY\FKi]HMtFt]RWHYĜHQRVWL6:UR]KUDQt9PpQČH[SRQRYDQêFKWHFKQRORJLtFK
QHåMVRXHOHNWUiUQ\FKHPLFNpDIDUPDFHXWLFNpSURYR]\YiOFRYQ\RFHOiUQ\åHOH]iUQ\DGDOãt
WČåNpSURYR]\VWHMQČMDNRQHEH]SHþQpSURYR]\MLåGQHVNRPSDNWQtWUDGLþQt'&6QDUiåHMtQD
YHONRX NRQNXUHQFL ]H VWUDQ\ VRIW FRQWURO 5RYQČå SRþHW SĜHGYHGHQêFK SURGXNWĤ '&6 QD
QHMYČWãt HYURSVNp DXWRPDWL]DþQt YêVWDYČ ,QWHUNDPD NWHUi YåG\ XND]RYDOD VRXþDVQê VWDY D
YêYRM DXWRPDWL]DþQt WHFKQLN\ QD GDOãt GYD URN\ D RG URNX VH VWDOD GRSURYRGQêP
SURJUDPHPQHMYČWãtKRWHFKQLFNpKRYHOHWUKXVYČWD,QGXVWULH0HVVH+DQQRYHUKRYRĜtMDVQČYH
SURVSČFKVRIW'&6%ORNRYpVFKpPDV\VWpPXVRIWFRQWUROMHXYHGHQRQD2EU
2EU6FKpPDVRIWFRQWURO
3UREOpP Ĝt]HQt VH WUDQVIRUPXMH QD SUREOpP NRPXQLNDFH Y MHGQRWQpP WUDQVSDUHQWQtP
6: SURVWĜHGt 6WDQLFH MVRX UHDOL]RYiQ\ SUĤP\VORYêPL 3& W]Y ,3& V NDUWDPL ,2
XPtVWČQêPL QD YQLWĜQt SDUDOHOQt VEČUQLFL 3& ,6$ 3&, 3URVWĜHGt 0LFURVRIW :LQGRZV
XPRåĖXMHSRXåLWt2/(23&''(OLERYROQRXVWDQLFt]D~þHOHPYêPČQ\GDW6:SURVWĜHGN\
SURRSHUiWRUVNpĜt]HQtDVEČUGDW6&$'$V\VWpP\Y\XåtYDMtWRKRWRMHGQRWQpKRSURVWĜHGtD
XPRåĖXMtYL]XDOL]DFLQDGĜD]HQpĜt]HQtDOHLUHDOL]DFLĜtGLFtFKDOJRULWPĤMHMLFKLPSOHPHQWDFL
WHVWRYiQt VLPXODFL L SĜtPp ''& )DFWRU\ 6XLWH ,Q&RQWURO 3ĜHQRVRYi U\FKORVW D
GORXKRGREp D YHOPL ãLURNp SRXåLWt SURWRNROX D VtWČ (WKHUQHW 7&3,3 EXGH Yê]QDP VRIW
FRQWUROV\VWpPĤVWiOH]YČWãRYDW6RIWFRQWUROVHWDNYEOt]NpEXGRXFQRVWLVWDQRXNRQNXUHQWHP
YãHPĜtGLFtPSURVWĜHGNĤPYSUĤP\VORYpDXWRPDWL]DFL
'LVWULEXRYDQpV\VWpP\SURĜt]HQt'&63&6
'DOãt Yê]QDPQRX NDWHJRULt ĜtGLFtFK V\VWpPĤ MVRX YHONp QHER Wpå NRPSDNWQt V\VWpP\
SURĜt]HQtSURFHVĤ3URFHVV&RQWURO6\VWHPV3&6-HMLFKSĤYRGMHWĜHEDKOHGDWYOHWHFKV
SĜtFKRGHP SUYQtFK ĜtGLFtFK SRþtWDþĤ ětGLFt SRþtWDþH SĜHGVWDYRYDO\ FHQWUDOL]RYDQp ĜHãHQt
þtVOLFRYpKRĜt]HQtYHONêFKFHONĤMDNRHOHNWUiUHQFKHPLFNêFKSURFHVĤåHOH]iUHQDYiOFRYHQ
FHPHQWiUHQ IDUPDFHXWLFNêFK D GDOãtFK SURYR]Ĥ %\O\ YHONêP WHFKQLFNêP SRNURNHP Y
SURFHVX Ĝt]HQt D E\O\ FKDUDNWHULVWLFNp YHONêP YêSRþHWQtP YêNRQHP D SURJUDPiWRUVNêP
NRPIRUWHPXPRåĖXMtFtPVQDGQRXLPSOHPHQWDFLVORåLWêFKĜtGLFtFKDOJRULWPĤ1DGUXKpVWUDQČ
WDNp QHYêKRGDPL PH]L NWHUp O]H SRþtWDW Y\VRNRX FHQX QHGRVWDWHþQRX VSROHKOLYRVW VORåLWê
]SĤVRE ODGČQt SURJUDPĤ GORXKRX GRERX XYiGČQt SURMHNWX GR SURYR]X VQDGQêP SĜHWtåHQtP
FHQWUiOQt MHGQRWN\ FHQWUDOL]RYDQêP V\VWpPHP VEČUX GDW D UHDOL]DFH DNþQtFK ]iVDKĤ = WRKR
Y\SOêYDODVORåLWiDGUDKiNDEHOiå]NOLPDWL]RYDQêFKPtVWQRVWtĜtGLFtKRSRþtWDþHDåNþLGOĤPD
DNWRUĤP XPtVWČQêP YH YHONêFK Y]GiOHQRVWHFK RG ĜtGLFtKR FHQWUD 2G SURMHNWDQWĤ ĜtGLFtKR
V\VWpPXDRGERUQtNĤQDDXWRPDWL]DFLY\åDGRYDO\]QDþQpVFKRSQRVWLSURJUDPRYiQtYHY\ããtFK
SURJUDPRYDFtFKMD]\FtFK9SUĤEČKXOHWVHREMHYLO\SUYQtĜtGLFtPLQLSRþtWDþHNWHUpVLFH
XPRåQLO\ þiVWHþQRX GHFHQWUDOL]DFL ĜtGLFtKR V\VWpPX DOH VWiOH MHãWČ SĜHGVWDYRYDO\ YtFH PpQČ
FHQWUDOL]RYDQRXNRQFHSFLþtVOLFRYpKR3&6ětGLFtSRþtWDþHDPLQLSRþtWDþHVHSRXåtYDO\FHOi
DY]DþiWNXOHW%\ODUHDOL]RYiQDYHOPL~VSČãQiĜHãHQt Ĝt]HQtVORåLWêFKFHONĤSRPRFt
WpWRWHFKQLN\HOHNWUiUQ\RFHOiUQ\DYiOFRYQ\YêUREDNDXþXNXDFHOiFKHPLHIDUPDFHXWLFNp
SURYR]\MDGHUQpHOHNWUiUQ\DWG
'LVWULEXRYDQpĜtGLFtV\VWpP\O]HGČOLWQDQiVOHGXMtFtNDWHJRULHGOHSRXåLWtDUFKLWHNWXU\
DGDOãtFKYODVWQRVWt
x SURHOHNWUiUQ\
x SURMDGHUQêSURJUDP
x SURRVWDWQtWHFKQRORJLFNpSURFHV\
x ĜtGLFtV\VWpP\EXGRY
1ČNWHUp '&6 V\VWpP\ MVRX ~]FH VSHFLDOL]RYDQp QD XUþLWRX YêãH XYHGHQRX NDWHJRULL
QČNWHUpMVRXQDRSDNSRXåLWHOQpYHYtFHREODVWHFK9êMLPNXWYRĜtĜtGLFtV\VWpP\SURMDGHUQêD
YRMHQVNê SURJUDP D ĜtGLFt V\VWpP\ Y H[SRQRYDQêFK GRSUDYQtFK SURVWĜHGFtFK SLORWRYDQp
NRVPLFNpV\VWpP\OHWHFNiFLYLOQtGRSUDYDU\FKORYODN\DGDOãtNGHMVRXPLPRĜiGQČY\VRNp
SRåDGDYN\ QD EH]SHþQRVW D VSROHKOLYRVW ĜtGLFtKR V\VWpPX 9\VRFH EH]SHþQp D VSROHKOLYp
V\VWpP\ MVRX YHOPL GUDKp D QHMVRX SURWR QDVD]RYiQ\ WDP NGH WRKR QHQt QH]E\WQČ WĜHED
3UREOHPDWLNDVSROHKOLYRVWLDEH]SHþQRVWLĜt]HQtQHMHQXYHONêFK'&6V\VWpPĤDOHXĜtGLFtFK
V\VWpPĤREHFQČVHYSRVOHGQtGREČVWiYiRWi]NRXþtVORMHGQD
8YHćPH Q\Qt EOLåãt VSHFLILNDFL V\VWpPĤ '&6 1D 2EU MH EORNRYp VFKpPD
W\SLFNpKRGLVWULEXRYDQpKRV\VWpPXJHQHUDFH(FNDUGW3/6(]H]DþiWNXOHW
7HQWRV\VWpPMHFKDUDNWHUL]RYiQGĤVOHGQRXKLHUDUFKLFNRXYêVWDYERXVHWĜHPL~URYQČPL
Ĝt]HQtNWHUpMVRX]GRODQDKRUX
x ~URYHĖVHQ]RUĤVQtPDþĤDNWRUĤ
x ~URYHĖ EH]SURVWĜHGQtKR Ĝt]HQt QD]êYDQi Wpå ~URYHĖ Ĝt]HQt WHFKQRORJLFNp
Ĝt]HQtDUHJXODFH
x RSHUiWRUVNi~URYHĖ~URYHĖĜt]HQtQHER~URYHĖĜt]HQtSURFHVX
x QDGĜD]HQi~URYHĖ~URYHĖĜt]HQtQHER~URYHĖĜt]HQtYêURE\
/]H XYDåRYDW L R SĜLSRMHQt QD GDOãt Y\ããt SRGQLNRYp D PH]LSRGQLNRYp ĜtGLFt ~URYQČ
3ĜtVWURMH Y MHGQp ~URYQL D ~URYQČ PH]L VHERX MVRX SURSRMHQ\ NRPXQLNDþQtPL SRGV\VWpP\
VpULRYêPL VEČUQLFHPL 8 WpWR JHQHUDFH '&6 MVRX NRPXQLNDþQt V\VWpP\ Y GUWLYp YČWãLQČ
YODVWQtP V\VWpPHP YêUREFH QHER MVRX SUĤP\VORYêP VWDQGDUGHP NWHUê VH SURVDGLO QLNROL
PH]LQiURGQtPVWDQGDUGL]DþQtPSURFHVHP,62DOHVYêPLYODVWQRVWPLDWtPåHILUPDNWHUi
V\VWpP Y\URELOD KR XYROQLOD SUR GDOãt SRXåLWt RSHQ FRPPXQLFDWLRQ V\VWHP 2WHYĜHQRVW
V\VWpPXYãDNWDNpPĤåH]QDPHQDWåHV\VWpPMHY\YLQXWWDNDE\E\OMHGQRGXãHSURSRMLWHOQêV
GDOãtPL NRPXQLNDþQtPL V\VWpP\ åH WHG\ VSOĖXMH REHFQČ SĜLMDWi SUDYLGOD SUR NRPXQLNDFL
6\VWpP\ JHQHUDFH '&6 ]D JHQHUDFL '&6 PĤåHPH SRYDåRYDW YtFH PpQČ
VWDQGDUGL]RYDQRX SRGREX 3&6 SRVWDYHQRX QD ĜtGLFtFK PLQLSRþtWDþtFK QHMVRX MHãWČ
GRVWDWHþQČ RWHYĜHQp D O]H VH VSROHKQRXW SRX]H QD WR åH EXGRX XPČW NRPXQLNRYDW SR
(WKHUQHWX RG ~URYQČ QDKRUX 1ČNWHUp ] QLFK PRKRX EêW Y\EDYHQ\ QČNWHUêP ]
SURSULHWiUQtFKVWDQGDUGĤILHOGEXVĤVpULRYêFKVEČUQLFSURSURSRMHQtSURFHVQtLQVWUXPHQWDFHN
~URYQLĜt]HQtMDNRNXSĜ0RGEXV3URILEXVDS
,QVWUXPHQWiOQtY\EDYHQtMHGQRWOLYêFK~URYQtSRSLVXMtQiVOHGXMtFtNDSLWRO\
2EU6FKpPD'&6JHQHUDFH(FNDUGW3/6(
ÒURYHĖSURFHVQtLQVWUXPHQWDFH
-GHREČåQpVQtPDþHDDNþQtþOHQ\SĜLSRMHQpNĜtGLFtPV\VWpPĤP~URYQČ]SUDYLGOD
VWDQGDUGL]RYDQêPGYRXERGRYêPSURXGRYêPVSRMHP77<P$QHERVWDQGDUGL]RYDQêP
QDSČĢRYêPVSRMHP9DS
9êMLPHþQČ MVRX SRXåLW\ LQWHOLJHQWQt VQtPDþH XPRåĖXMtFt SĜHG]SUDFRYiQt VLJQiOX D
SĜHQRVSRVpULRYpVEČUQLFLGRV\VWpPĤ~URYQČ9]KOHGHPNYPQRKDSĜtSDGHFKQH~PČUQČ
UR]ViKOp D GUDKp NDEHOiåL VH SUR SĜLSRMHQt DQDORJRYêFK L GLJLWiOQtFK YVWXSĤ D YêVWXSĤ
SRXåtYDMt PXOWL D GHPXOWLSOH[HU\ VLJQiOĤ NWHUp MVRX XPtVWČQ\ Y EOt]NRVWL WHFKQRORJLFNêFK
VNXSLQ Y UR]YDGČþRYêFK VNĜtQtFK QHER SURYR]QtFK VNĜtĖNiFK 7\WR GHPXOWLSOH[HU\
NRQFHQWUiWRU\ D UR]GČORYDþH VLJQiOĤ MVRX SĜHGFKĤGFL PQRKHP HIHNWLYQČMãtKR SURSRMHQt
SURFHVQtLQVWUXPHQWDFHSRPRFtVpULRYêFKVEČUQLF3RXåtYDMtVHYãDNLXY\ããtJHQHUDFH'&6
]HMPpQDSĜLSĜHFKRGX]EH]SHþQpGRYêEXãQp(;]yQ\DQDRSDN
ÒURYHĖEH]SURVWĜHGQtKRĜt]HQt
8 WČFKWR '&6 MH ~URYHĖ EH]SURVWĜHGQtKR Ĝt]HQt Y\EDYHQD SURFHVQtPL VWDQLFHPL
SRVWDYHQêPL QD WHFKQRORJLL ,QWHO QHER 0RWRUROD ELWRYp SURFHVRU\ ĜDG\ , D Y\ããt
QHER 0RWRUROD +& D Y\ããt V RSHUDþQtPL V\VWpP\ UHiOQpKR þDVX NXSĜ 26 26
&'265726DGDOãt9QLWĜQtVEČUQLFHSURFHVQtFKVWDQLFMVRX0XOWLEXV,,QHER90(906
EXV
2EU=SĤVRE]iORKRYiQtQD~URYQLĜt]HQt
6WDQLFHREVDKXMtNDUW\$,$2','2NRPXQLNDþQtSURFHVRU\D YêMLPHþQČVSHFLiOQt
NDUW\SURĜt]HQtSRKRQĤYHQWLOĤDSRG1DNDUW\MVRXNODGHQ\Y\VRNpQiURN\QDVSROHKOLYRVW
MHGQRGXFKp SURYHGHQt SRPČUQČ PDORX LQWHJUDFL SRþWX YVWXSĤ D YêVWXSĤ QD MHGQRWOLYêFK
NDUWiFK LQGLNDFL ', D '2 /(' GLRGDPL QD þHOQtP SDQHOX DS 'iOH VH SRåDGXMH DE\ QD
NDUWiFK QHE\O\ V Y\MtPNRX SURFHVRURYpKR PRGXOX D SDPČĢRYpKR PRGXOX åiGQp ]iORåQt
DNXPXOiWRU\åiGQpSĜHStQDþHDS0RGXO\,2PXVtSĜLYêSDGNXVWDQLFHXFKRYiYDWSRVOHGQt
åiGDQRXKRGQRWXPXVtEêWGOHSRWĜHE\NGLVSRVLFLY(;SURYHGHQt6\VWpPPXVtXPRåĖRYDW
YêPČQX NDUHW ]D FKRGX SURFHVX D MHMt DXWRPDWLFNp SDUDPHWURYiQt D QČNWHUp GDOãt IXQNFH 9
SĜtSDGČDQJDåRYDQêFKSURFHVĤMDNRFKHPLHHOHNWUiUQ\DGDOãtSURFHV\DSURW\MHNXSĜYêãH
XYHGHQê V\VWpP 3/6 ( XUþHQ MH QD ~URYQL SURFHVQtFK VWDQLF UHDOL]RYiQR ]iORKRYiQt
SURFHVRUĤ]SĤVREHP]HMHGHQ]iORåQtSURFHVRUQDSURFHVQtVWDQLFH]iORKXMtFtMHGQDN
YêSDGHNOLERYROQpKR]HSURFHVRUĤD]iURYHĖ]iORKXMtFt]SĤVREHP ]HL,2SRGV\VWpP
YL]2EU
9]iMHPQpSURSRMHQtSURFHVQtFKVWDQLFMHXVNXWHþQČQRUHGXQGDQWQtV\VWpPRYRXVEČUQLFt
7DWR VEČUQLFH MH YČWãLQRX ILUHPQtP V\VWpPRYêP UHDOWLPH EXVHP XPRåĖXMtFtP SUiFL Y
UHiOQpP þDVH 9]KOHGHP N YHONp GĤOHåLWRVWL NRPXQLNDFH PH]L D ~URYQt Ĝt]HQt QHPRKOL
YêUREFL '&6 SRQHFKDW YêYRM V\VWpPRYp VEČUQLFH QD PH]LQiURGQtFK VWDQGDUGL]DþQtFK
DNWLYLWiFK D SRXåtYDMt Y GUWLYp PtĜH YODVWQt V\VWpP\ 9 SĜtSDGČ 3/6 ( WR MH UHGXQGDQWQt
]GYRMHQi V\VWpPRYi VEČUQLFH W\SX (WKHUQHW V PRGLILNRYDQRX SĜtVWXSRYRX PHWRGRX
XPRåĖXMtFtGHILQRYDQRXGREXSĜtVWXSXNHVEČUQLFL3ĜHQRVRYêPPpGLHPMHYČWãLQRXNRD[LiOQt
NDEHO5HGXQGDQWQtVEČUQLFHXPRåĖXMHSHUPDQHQWQtSDUDOHOQtFKRGRERXVEČUQLFVLGHQWLFNêPL
DNWXiOQtPL GDW\ WDNåH Y SĜtSDGČ YêSDGNX NRPXQLNDFH QD MHGQRP EXVX MH PRåQp V
PLQLPiOQtP ]SRåGČQtP Y\XåtYDW DNWXiOQt LQIRUPDFL ] GUXKpKR SRGV\VWpPX 1D ~URYQL
SURFHVXMHPRåQpNURPČ]GYRMHQpKRV\VWpPRYpKREXVXMHãWČY\XåtYDWSRPRFQê)(EXV
2SHUiWRUVNi~URYHĖ
2SHUiWRUVNi ~URYHĖ ~URYHĖ Ĝt]HQt Pi SUR Ĝt]HQt WHFKQRORJLFNpKR SURFHVX URYQČå
]iVDGQtYê]QDP=WpWR~URYQČMHPRåQpV\VWpPSURMHNWRYDWVWUXNWXUDOL]DFHV\VWpPXPČĜHQtD
UHJXODFH NRQILJXUDFH V\VWpPX SDUDPHWUL]DFH D YODVWQt SURJUDPRYiQt GLDJQRVWLNRYDW
GRNXPHQWRYDW VOHGRYDW D ĜtGLW YþHWQČ RãHWĜHQt SRUXFKRYêFK KOiãHQt 9 SĜtSDGČ YêãH
XYHGHQpKR V\VWpPX 3/6 ( MH WDWR ~URYHĖ Y\EDYHQD Y PD[LPiOQt YêVWDYEČ Då RSHUiWRUVNêPLVWDQLFHPL/67\WRVWDQLFHWYRĜtVWDQGDUGQtYêNRQQpVWDQLFH,QWHOXUþHQp
SURQHSĜHWUåLWêSURYR]GiOHRSHUiWRUVNiNRQ]RODP\ãUHVSWUDFNEDOOYHONRSORãQiREUD]RYND
6\VWpPY~URYQLĜt]HQtSURFHVXMHSRVWDYHQQDVEČUQLFL0XOWLEXV,,MDNRPRGXOiUQtH[WUpPQČ
YêNRQQêV\VWpP6WDQLFH/6MVRXQDY]iMHPPH]LVHERXDGiOHVHYãHPLVWDQLFHPL&6IXQNþQt
~URYQČ SURSRMHQ\ VpULRYRX V\VWpPRYRX VEČUQLFt SRSVDQRX YêãH 2SHUiWRUVNi ~URYHĖ PXVt
XPRåQLW QDGĜD]HQp Ĝt]HQt SURFHVX 2SHUiWRĜL SURFHVX PXVHMt PtW RQOLQH SĜtVWXS N åiGDQêP
KRGQRWiPUHJXOiWRUĤUHDOL]RYDQêFKQD~URYQLĜt]HQtDPČQLW WDNVWDYV\VWpPX DQDMtåGČW
WOXPLWSURYR]DSĜHFKi]HWGROLERYROQpKRSUDFRYQtKRERGXYUHiOQpPþDVH
7\SLFNRX YODVWQRVWt FHOpKR V\VWpPX WpWR JHQHUDFH D REODVWL SRXåLWt FKHPLH WHSHOQp
SURFHV\IDUPDFLHSO\QiUQ\DGDOãtGiYNRYpDSRPDOHMãtSURFHV\MHSHYQČQDVWDYHQiGRED
F\NOX NWHUi þLQt FFD PV SURFHVRU &0 7R SĜHGXUþXMH V\VWpP 3/62( SUR Ĝt]HQt Y
UHiOQpP þDVH MHQ Y WČFK WHFKQRORJLFNêFK SURFHVHFK NGH REHFQČ QHMVRX Y\VRNp QiURN\ QD
U\FKORVW
3URJUDPRYp Y\EDYHQt '&6 WpWR JHQHUDFH O]H FKDUDNWHUL]RYDW RSČW WtP åH VH MHGQi R
6: Y\YLQXWê YêUREFHP '&6 SRX]H SUR WHQWR V\VWpP 1D 2EU MH ]Qi]RUQČQ
VWUXNWXURYDQê]SĤVREQDNWHUpPMHXåLYDWHOVNêVRIWZDUHY\WYRĜHQ
2EU6WUXNWXURYDQê6:
6RIWZDUH VH GČOt QD JUDILFNê D QD ĜtGLFt VRIWZDUH *UDILFNi þiVW VRIWZDUH XPRåĖXMH
WYRUEXWHFKQRORJLFNêFKVFKpPDWDWRGOHSRXåLWp&6VWDQLFHYRPH]HQpQHERSOQpJUDILFH=
WpWR JUDILFNp ~URYQČ SRSLVX SURFHVX O]H VOHGRYDW GDQê YêĜH] WHFKQRORJLFNpKR SURFHVX D
]REUD]LWLGHWDLOQČMãtSRSLVSURFHVQtFKGDW=WpWR~URYQČMHURYQČåPRåQpSURFHVREVOXKRYDWD
ĜtGLW 3URJUDP\ MVRX Y\WYRĜHQ\ Y JUDILFNpP SURVWĜHGt SUR WYRUEX ĜtGLFtFK UHFHSWXU SUR
WHFKQRORJLFNpSRVWXS\6WUXNWXUDOL]DFHMHSDWUQi]2EU
6FKULWW
6FKULWW
$NWLRQHQ
6(7$7,&: 6(7/3+(12/$ 7UDQVLWLRQHQ
75$166FKULWW
7,&;
3+(12/B5 ÒURYHĖ
WHFKQRORJ
SRVWXSĤ
6FKULWW
; :
7,&
7,&
3+(12/B5 3+(12/B$
ÒURYHĖ
YODVWQtFK
ĜtGLFtFK
IXQNFt
,2~URYHĖ
2EU3ĜtNODGWYRUE\SURJUDPX
6SRþtYiYSRVWXSQpPĜD]HQt5HFHSWXU\'tOþtUHFHSWXU\)i]HVH]DGiQtPSDUDPHWUĤD
7HFKQRORJLFNpKRNURNX7RWRVORXåtNSRSLVXPRPHQWiOQtKRVWDYXĜt]HQt5HFHSWXUDVSRþtYiY
JUDILFNpPY\MiGĜHQtVHNYHQþQtKRDSDUDOHOQtKRþDVRYpKRVOHGXMHGQRWOLYêFKGtOþtFKUHFHSWXU
3RGREQČ GtOþt UHFHSWXUD MH Y\WYRĜHQD MDNR VHULRSDUDOHOQt VFKpPD MHGQRWOLYêFK Ii]t
WHFKQRORJLFNpKR SRVWXSX )i]H WHFKQRORJLFNpKR SRVWXSX MH SDN Y\MiGĜHQD VHNYHQFt
MHGQRWOLYêFKNURNĤ7HSUYHSĜLWYRUEČMHGQRWOLYêFKNURNĤMHSRXåLWYHOPLMHGQRGXFKêYODVWQt
SURJUDPRYDFtMD]\NLQWHUSUHW(3/SRPRFtNWHUpKRMVRXSRSViQ\WHFKQRORJLFNpNURN\
.DåGêWHFKQRORJLFNêNURNVHVNOiGi]HGYRXþiVWt3UYQtMH$NWLRQDNFHSRSLVXMtFtFR
VHEXGHNRQDWXYQLWĜGDQpKRNURNXD7UDQVLWLRQVWDQRYXMtFtRNUDMRYpSRGPtQN\SURSĜHFKRG
] GDQpKR NURNX QD NURN QiVOHGXMtFt 3ĜtNODG WYRUE\ SURJUDPX SRG WtPWR V\VWpPHP XND]XMH
2EU 1D WRPWR REUi]NX MH ]iURYHĖ GREĜH YLGČW WDWR Y]iMHPQi VRXKUD RERX
SURJUDPRYDFtFK ~URYQt ĜtGtFtKR 6: ] 2EU ~URYQČ SRSLVX ĜtGLFtFK SURFHGXU D ~URYQČ
SRSLVX YODVWQtFK IXQNFt V I\]LFNRX ,2 ~URYQt = WUDQVSDUHQWQRVWL SURJUDPRYDFtKR MD]\ND
(3/MHVQDGQpUHNRQVWUXRYDWIXQNFLNURNXYH NWHUpPåiGDQiKRGQRWDUHJXOiWRUX7,&2
EXGHQDVWDYHQDQDƒ&DELQiUQtYêVWXS3KHQROB$Y%ORNX,2WMSĜtPê]iVDKGR~URYQČ
,2]~URYQČSRSLVXĜtGtFtFKSURFHGXUEXGHQDVWDYHQQDORJ3ĜHFKRGQDNURNVHXVNXWHþQt
WHKG\MHVWOLåHUHJXORYDQiYHOLþLQDYREYRGXUHJXOiWRUX7,&2MHYČWãtQHåƒ&DELQiUQt
YVWXSVLJQiOX3KHQROB5MHQDKRGQRWČORJ
*UDILFNp SURJUDPRYDFt SURVWĜHGt URYQČå XPRåĖXMH JUDILFNp ]REUD]HQt SURPČQQêFK
YêVWXSQtFKDĜtGLFtFKYHOLþLQåiGDQêFKKRGQRWVWDYXUHJLVWUĤVWDYXþtWDþĤDSDWRIRUPRXDå
VORXSFRYêFKJUDIĤYMHGQpREUD]RYFH3URJUDPRYiQtF\NOLFNêFKSURFHVĤUHJXODþQtREYRG\
~URYHĖ ELQiUQtKR Ĝt]HQt NWHUp QH]iYLVt QD SURJUDPRYpP Ĝt]HQt SRPRFt UHFHSWXU VH
SURJUDPXMH Y SURVWĜHGt (3/ (FNDUGW 3URFHVV /DQJXDJH V Y\XåLWtP NQLKRYQ\
DXWRPDWL]DþQtFK EORNĤ NWHUi REVDKXMH IXQNFt MDNR MVRX IXQNFH SUR ]SUDFRYiQt
ERROHRYVNêFK URYQLF DULWPHWLFNp RSHUDFH þtWDþH þDVRYDþH PDVN\ UHJLVWU\ IXQNFH SUR
WYRĜHQtSURSRMHQtIXQNFHMHGQRLRERXVPČUQpKRĜt]HQtRWiþHNPRWRUXVSRMLWêUHJXOiWRUVWDQ
GDUGQtUHJXOiWRUWĜtSRORKRYêUHJXOiWRU6FKPLGWĤYSUHGLNWRUDIXQNFHDGDSWLYQtKRUHJXOiWRUX
6RXþiVWtWRKRWRSURFHVXSURJUDPRYiQtORJLFNêFKDULWPHWLFNêFKDUHJXODþQtFKIXQNFtMHNRQ
ILJXURYiQtSRXåLWêFKEORNĤ6SRþtYiYSĜLĜD]HQt,2EORNXUHVSSURPČQQpNI\]LFNpPX,2
]DĜt]HQtUHVSVLJQiOX3RWRPWRNURNXMHPRåQpGDQêVLJQiOSĜLSRMLWNOLERYROQpPXIXQNþ
QtPX EORNX OLERYROQp IXQNþQt MHGQRWN\ 3ĜtNODG WRKRWR VRIWZDURYpKR UDQåtURYiQt D
SURSRMRYiQtMHGQRWOLYêFKEORNĤMGHRYLUWXiOQtVSRMHMHXNi]iQQD2EU
2EU3URJUDPRYpUDQåtURYiQt
9ODVWQt RSHUiWRUVNi þLQQRVW VOHGRYiQt SURFHVX NYLWRYiQt FK\ERYêFK KOiãHQt
SĜHVWDYRYiQt SDUDPHWUĤ HGLWDFH ĜtGLFtKR SURJUDPX D GDOãt RSHUiWRUVNi þLQQRVW MH
SRGSRURYiQDPHQXRULHQWRYDQêPSURVWĜHGtPVSRPRFtSĜHGSURJUDPRYDQêFKNOiYHVKRWNH\V
DRNHQ-GHSĜHGHYãtPR
x SURFHVQtDV\VWpPRYiKOiãHQt
x V\VWpPRYp~GDMH
x YROQČGHILQRYDQiQiYČVWt
x REVOXåQpIXQNFH
=DNi]DQp VWDY\ V\VWpPX KDYDULMQt D NULWLFNp VWDY\ MVRX KOiãHQ\ RGSRYtGDMtFtP
]SĤVREHPREVOX]HDY\åDGXMtMHMtRGSRYtGDMtFtUHDNFL1DW\WRIXQNFHEH]SURVWĜHGQČQDYD]XMH
GĤNODGQê V\VWpP SURWRNRORYiQt SUĤEČKX SURFHVX .XSĜ NDåGi þLQQRVW RSHUiWRUD MH SĜHVQČ
]DSURWRNRORYiQD6\VWpPFK\ERYêFKDSURFHVQtFKKOiãHQtSURWRNRO]iVDKĤDþLQQRVWLREVOXK\
MH XNOiGiQ D Y VHWĜtGČQp IRUPČ DUFKLYRYiQ QD GLVNX .H NDåGp SUREtKDMtFt UHFHSWXĜH MH
DXWRPDWLFN\ ]KRWRYHQ SURWRNRO FKDUJHSURWRNRO NWHUê REVDKXMH YãHFKQD GDWD SDUDPHWU\
]DGDQpKRGQRW\þDVRYp~GDMHRMHGQRWOLYêFKIi]tFK6\VWpPXPRåĖXMHQDMDNpNROL]HVWDQLF
~URYQČ RSHUiWRUD ]REUD]RYDW SUĤEČK SURFHVQtFK SURPČQQêFK 8 NDåGpKR SURMHNWX ĜtGLFtKR
V\VWpPX MH YHONê GĤUD] NODGHQ QD ]KRWRYHQt GRNXPHQWDFH NH NRQILJXUDFL SDUDPHWUL]DFL D
SURJUDPRYiQt ĜtGLFtKR V\VWpPX 7UHQG YHGH N V\VWpPĤP SUR DXWRPDWLFNp ]KRWRYHQt
GRNXPHQWDFH 6\VWpP 3/6( DXWRPDWLFN\ XPRåĖXMH ]KRWRYLW SRX]H GRSĜHGQRX
GRNXPHQWDFL D UHDJRYDW QD SĜtSDGQp ]PČQ\ MHQ ] MHGQp RSHUiWRUVNp NRQ]RO\ =PČQ\ NWHUp
E\O\ ]KRWRYHQ\ ] MLQp VWDQLFH /6 QHQt V\VWpP VFKRSHQ ]D]QDPHQDW W]Y GRSĜHGQi IRUPD
WYRUE\GRNXPHQWDFH
1HMY\ããt~URYHĖĜt]HQt
1D QHMY\ããt ~URYQL Ĝt]HQt NWHUi MH XUþHQD SUR Ĝt]HQt YêURE\ MVRX XåLYDWHOL QDEtGQXW\
NRPIRUWQtSRGPtQN\SUR]SUDFRYiQtDYL]XDOL]DFLYODVWQtSURGXNFH-HGQiVHRV\VWpP(0,6
(FNDUGW0DQDJHPHQW,QIRUPDWLRQ6\VWHPNWHUêXPRåĖXMHYROQČNRQILJXURYDWHOQRXWYRUEX
YêUREQtFK GLDJUDPĤ WDEXOHN D JUDIĤ SĜL ]DFKRYiQt SULQFLSX RQOLQH NRQILJXURYiQt WRKRWR
QDGĜD]HQpKRV\VWpPX(0,6XPRåĖXMHURYQČå
x YêSRþHWD]REUD]HQtYêUREQtFKSURPČQQêFKSURVWĜHGQLFWYtPGDW]SURFHVX
x WLVN YêUREQtFK GDW QD REUD]RYNX QHER WLVNiUQX YH IRUPČ WH[WX WDEXOHN
GLDJUDPĤ SĜHQRV WČFKWR GDW GR V\VWpPX GDWRYp SRGSRU\ SĜHQRV SRYHOĤ Då GR
~URYQČEH]SURVWĜHGQtKRĜt]HQtSURFHVXDGDOãt
'&6QRYpJHQHUDFH
6YêYRMHPPLNURHOHNWURQLN\SĜLãODQDWUKQRYiJHQHUDFH'&6GOHNODVLILNDFHXYHGHQp
YWpWR SXEOLNDFL MGH R JHQHUDFL '&6 SR]QDPHQDQi YêYRMHP ]NXãHQRVWPL D SRåDGDYN\
XåLYDWHOĤWČFKWRV\VWpPĤ-HFKDUDNWHUL]RYiQDSĜHFKRGHPQDVWDQGDUG\]HMPpQDYREODVWL6:
SURVWĜHGt 0LFURVRIW :LQGRZV D NRPXQLNDþQtKR SRG\VWpPX ILHOGEXV\ QD ~URYQL SURFHVQt
LQVWUXPHQWDFH
3RåDGDYN\NWHUpYHGO\NHY]QLNXQRYpJHQHUDFH'&6VHGDMtVKUQRXWGRQiVOHGXMtFtKR
VWUXþQpKRSĜHKOHGX>@
x VFKRSQRVWSUiFHYUHiOQpPþDVH
x Y\VRNiIXQNþQRVWYGĤVOHGNXPDVLYQtUHGXQGDQFH
x RWHYĜHQRVWDLQWHURSHUDELOLWD
x IOH[LELOLWD
6WUXNWXUX'&6QRYpJHQHUDFHMHPRåQp]REHFQLWVFKpPDWHPXYHGHQêPQD2EU
2EU%ORNRYpVFKpPDYHONpKR'&6QRYpJHQHUDFH
9PD[LPiOQtPSURYHGHQtVHVNOiGi]
x ~URYQČ SURFHVQt LQVWUXPHQWDFH SDVLYQt L LQWHOLJHQWQt LQVWUXPHQWDFH YþHWQČ
VWDQGDUGL]RYDQêFKILHOEXVĤ+$57))3URILEXV),3,QWHU%XVDGDOãtFK
x ~URYQČ Ĝt]HQt WHFKQRORJLH RVD]HQRX SURFHVQtPL VWDQLFHPL 36 Y\EDYHQêPL
YêNRQQêPL PLNURSRþtWDþL 3HQWLXP D Y\ããt V PXOWLWDVNLQJ UHDOWLPH RSHUDþQtP
V\VWpPHP
x V\VWpPRYpUHGXQGDQWQtVpULRYpVEČUQLFHUHDOWLPHV\VWHPEXV
x ~URYQČ Ĝt]HQt SURFHVX RVD]HQp RSHUiWRUVNêPL VWDQLFHPL 26 SUR Ĝt]HQt D
VOHGRYiQt SURFHVX GDOãtPL SURVWĜHGN\ 00, ]REUD]RYDFt SDQHO\ YHONRSORãQp
REUD]RYN\SURYR]QtNOiYHVQLFHWUDFNEDOODGDOãtDMHGQRXLQåHQêUVNRXVWDQLFt
(6XPRåĖXMtFtNRQILJXURYiQtSDUDPHWURYiQtSURJUDPRYiQtSURMHNWXĜtGLFtKR
V\VWpPX URYQČå JDWHZD\ XPRåĖXMtFt SĜLSRMHQt GDOãtFK SRþtWDþĤ PĤåH EêW
SĜLSRMHQNWpWRV\VWpPRYpVEČUQLFLNWHUiMH]SUDYLGODV\VWpPRYČVSHFLILFNi
x QDGĜD]HQp~URYQČĜt]HQtYêURE\SURSRMXMtFtGDQê'&6VMLQêPL'&6'&6SUR
ODERUDWRĜHDSĜHGYêUREQtHWDS\VHUYHUHPQHERYêNRQQRXVWDQLFLĜt]HQtYêURE\D
SRGQLNXDĜtGLFtPV\VWpPHPĜt]HQtSRGQLNX
-HGQtP ] SĜHGVWDYLWHOĤ WpWR JHQHUDFH PĤåH EêW V\VWpP $GYDQW 2&6 ILUP\ $%%
%ORNRYpVFKpPDV\VWpPXMHXYHGHQRQD2EU
6\VWpP Y\FKi]t ] ~VSČãQpKR V\VWpPX 0DVWHU WpWR ILUP\ URYQČå '&6 JHQHUDFH
6\VWpP $GYDQW 2&6 2SHQ &RQWURO 6\VWHP Y\FKi]t NRQWLQXiOQČ ] WRKRWR YêYRMH D
LPSOHPHQWXMHQDRERX~URYQtFKNURPČQRYêFKVWDQLF$GYDQWLVWDQLFHPDVWHU3LHFHD0DVWHU
9LHZ V\VWpPX 0DVWHU 1D UR]GtO RG QČNWHUêFK MLQêFK '&6 JHQHUDFH Y\XåtYi WpPČĜ
YêKUDGQČ ILUHPQtFK NRPXQLNDþQtFK VEČUQLF 1D QHMQLåãt NRPXQLNDþQt ~URYQL PH]L
MHGQRGXããtPL SURFHVQtPL VWDQLFHPL $GYDQW &RQWUROHU $GYDQW &RQWUROOHU D
LQWHOLJHQWQtPL SĜtVWURML D RGORXþHQêPL ,2 MHGQRWNDPL 6,2 SRXåtYi MDN ILUHPQt ILHOGEXV
$GYDQW )LHOGEXV WDN /RQ:RUNV QHER 3URILEXV ,QWHUEXV 6 VH SRXåtYi SUR SURSRMHQt
6,2VMHGQRWNDPLĜt]HQtSRKRQĤ1DY\ããtFK~URYQtFKMVRXSRXåLW\MLåMHQILUHPQtVpULRYp
VEČUQLFH D SURWRNRO\ 1D ~URYQL V\VWpPRYp VEČUQLFH ] 2EU WR MH 0DVWHU%XV (
XPRåĖXMtFt SURYR] Y UHiOQpP þDVH 2SHUiWRUVNi ~URYHĖ MH V ~URYQt Ĝt]HQt YêURE\ SURSRMHQD
(WKHUQHWHPV7&7,3SURWRNROHPQHER0DVWHU%XVHPQHERVEČUQLFt*&20
2EU$GYDQW2&6
3URSRMHQt MHGQRWOLYêFK NRPXQLNDþQtFK VEČUQLF MH XVNXWHþQČQR EXć ĜtGLFtP V\VWpPHP
$GYDQW &RQWUROOHU QHER PH]LVEČUQLFRYêP VSRMHP 0DVWHU*DWH (WKHUQHW D
V\VWpPRYi VEČUQLFH 1D VFKHPDWX MH ]REUD]HQD FHOi QDEtGND V\VWpPX $GYDQW MDN Y REODVWL
SURFHVQtFKVWDQLF
x $GYDQW&RQWUROOHU
x $GYDQW&RQWUROOHU
x $GYDQW&RQWUROOHU
x $GYDQW&RQWUROOHU
x $GYDQW&RQWUROOHU
WDN Y REODVWL RSHUiWRUVNêFK D LQåHQêUVNp VWDQLFH 0DVWHU9LHZ $GYDQW 2SHUDWRU
:RUNSODFH$GYDQW(QJLQQHULQJ:RUNSODFHLPH]LVEČUQLFRYêPVSRMHP0DVWHU*DWH
1D REUi]NX MVRX URYQČå YLGČW MHGQRWN\ RGORXþHQêFK ,2 6 NWHUp MVRX MHGQtP
V\VWpPHP]NROHNFH6,26,26,2=HV\VWpPX$GYDQWMHPRåQpUHDOL]RYDW
MHGQRGXããtDOHYQČMãtNRQILJXUDFHGOHSRWĜHE\SURMHNWXNXSĜMHQ]HVWDQLF$GYDQW&RQWUROOHU
D$GYDQW&RQWUROOHUDMHGQRWHNRGORXþHQêFK,2GOH2EU
6\VWpP$GYDQWPiQČNROLNSURYHGHQtNWHUiVHOLãtSĜHGHYãtPDSOLNDþQtP6:7DNNXSĜ
V\VWpP$GYDQW3RZHUMHPRGLILNDFt$'9$172&6SURHOHNWUiUQ\YHNWHUpPMVRXSRVtOHQ\
IXQNFHĜt]HQtDUHJXODFHSRWĜHEQpSURGDQpDSOLNDFH
9 REODVWL 6: SUDFXMt V\VWpP\ $GYDQW V RSHUDþQtP V\VWpPHP 81,; D ;:LQGRZ
6\VWHP DOH URYQČå V SURVWĜHGtP 0LFURVRIW :LQGRZV 0RWLI ''( D 64/ 8PRåĖXMt SURWR
SRKRGOQRX NRQILJXUDFL V\VWpPX Ĝt]HQt Y JUDILFNpP SURVWĜHGt V NQLKRYQRX SĜHGGHILQRYDQêFK
IXQNþQtFKEORNĤ$03/&RQWURO&RQILJXUDWLRQ
2EUětGLFtV\VWpP$'9$17SRVWDYHQê]HVWDQLF$&D$&
9]KOHGHPNYHONpNRQNXUHQFLV\VWpPĤ'&6QDY]iMHPPH]LVHERXL]HVWUDQ\3/&D3&
RULHQWRYDQêFK VRIW FRQWURO V\VWpPĤ D Y GĤVOHGNX FHORVYČWRYpKR WUHQGX NH NRQFHQWUDFL
YêUREQtFKDILQDQþQtFK]GURMĤGRãORYSRVOHGQtFKOHWHFKNHVOXþRYiQtYêUREFĤV\VWpPĤ'&6
9QČNWHUêFKSĜtSDGHFKVNRQþLODYêUREDMHGQRKR]HV\VWpPĤ'&6YMLQêFKSĜtSDGHFKNRQFHUQ
SRXåtYiQDGiOHYtFH'&6V\VWpPĤGRNRQFHVPDVLYQtLQRYDFt.XSĜNRQFHUQ$%%PiYHVYp
QDEtGFHMHGQDNYêãHXYHGHQêV\VWpP$GYDQW2&6ILUPD$%%GiOHV\VWpP)UHHODQFH
LQRYRYDQêV\VWpP]ILUP\+DUWPDQQ%UDXQDV\VWpP6\PIRQ\ILUPD(OVDF%DLOH\7DWR
SROLWLND XPRåĖXMH NRQFHUQX QDEtGQRXW FHORX ãtĜL '&6 SUR QHMUĤ]QČMãt REODVWL D YHOLNRVWL
DSOLNDFH
1HMYČWãtP NRQNXUHQWHP SUR NODVLFNp '&6 MVRX 3& RULHQWRYDQp '&6 Y\]QDþXMtFt VH
QLåãt FHQRX YČWãt IOH[LELOLWRX Y GQHãQt GREČ MLå VURYQDWHOQêP YêSRþHWQtP YêNRQHP L
NRPIRUWHP Y SURJUDPRYiQt NRQILJXURYiQt SDUDPHWURYiQt L YL]XDOL]DFL SURFHVX QHå YêãH
XYHGHQp NRPSDNWQt '&6 SRVWDYHQp ] YHONp þiVWL QD VLFH YêNRQQêFK DOH GUDKêFK 81,;
SUDFRYQtFK VWDQLFtFK 9 NDåGpP SĜtSDGČ YãDN YHONp '&6 SĜHGVWDYXMt VWiOH MHGLQê ĜtGLFt
SURVWĜHGHN]DUXþXMtFtSRWĜHEQRXY\VRNRXPtUXVSROHKOLYRVWLYREODVWHFKNGHMHSRWĜHEDRãHWĜLW
YHONê SRþHW YVWXSĤ D YêVWXSĤ QHMUĤ]QČMãtKR FKDUDNWHUX D NGH VSROHKOLYRVW D EH]SHþQRVW MH
QDSURVWRNDWHJRULFNêPSRåDGDYNHP-HMLFKSĜHGQRVWtMHURYQČåNRPSDNWQRVWFHOpKRV\VWpPX
9QiVOHGXMtFtPSĜHKOHGXMVRXXYHGHQ\NRPSDNWQt'&6JHQHUDFHNWHUpE\O\YU
QDWUKXDXWRPDWL]DFH>@
)LUPD
$%%
)LVKHU5RVHPRXQW
+RQH\ZHOO
)R[ERUR(FNDUGW
3URGXNW
$GYDQW2&60DVWHU6:
$GYDQW2&602'6:
)UHHODQFH'LJLPDWLF+DUWPDQQ%UDXQ
6\PSKRQ\&RQWURQLF6+DUWPDQQ%UDXQ
'HOWD9
35292;
56
7367RWDO3ODQW6ROXWLRQ
3/6(
7\SDSOLNDFH
6WĜHGQt
9HONê
0DOê
VWĜHGQtDåYHONê
0DOê
VWĜHGQtDåYHONê
VWĜHGQtDåYHONê
6WĜHGQt
9HONê
0RRUH3URGXFWV
07HF
3&&
6LHPHQV
9DOPHW
<RNRJDZD
DQČNWHUpGDOãt
,$6HULHV
$3$&6
$62SHQ
$SURO17L
6LPDWLF3&6
6LPDWLF3&6
'DPDWLF;'L
&HQWXP&6
&HQWXP
«
6WĜHGQt
6WĜHGQt
6WĜHGQt
PDOêDåVWĜHGQt
VWĜHGQtDåYHONê
PDOêDåVWĜHGQt
PDOêDåVWĜHGQt
6WĜHGQt
0DOê
«
'&6Y\EXGRYDQpQDEi]L3/&
7\WR '&6 MVRX SĜLUR]HQêP GĤVOHGNHP Y\URYQiYiQt SĤYRGQČ YHONpKR UR]GtOX PH]L
V\VWpP\ QD Ei]L ĜtGLFtKR SRþtWDþH QHER PLQLSRþtWDþH D þtVOLFRYRX SUĤP\VORYRX ĜtGLFt D
UHJXODþQt WHFKQLNRX SUĤP\VORYêPL þtVOLFRYêPL UHJXOiWRU\ D 3/& 6 YêYRMHP
PLNURHOHNWURQLN\ ]Y\ãRYDOD SUĤP\VORYi ĜtGLFt WHFKQLND YêNRQ U\FKORVW D VWXSHĖ
LPSOHPHQWDFHGRNRQDOHMãtFKSURJUDPRYDFtFKDYL]XDOL]DþQtFKSURVWĜHGt
2EU3/&RULHQWRYDQê'&6
6RXþDVQČ VH ĜtGLFt WHFKQLND QD Ei]L ĜtGLFtFK PLNURSRþtWDþĤ YtFH GHFHQWUDOL]RYDOD 9
VRXþDVQpGREČMHSURWRSURMHNWDQWSRVWDYHQSĜHGQHOHKNê~NROUR]KRGQRXWPH]LWČPLWRGYČPD
DOWHUQDWLYDPL NWHUp Y PQRKD SĜtSDGHFK PDMt VRXþDVQČ PQRKR SUR D PQRKR SURWL =
QiVOHGXMtFtKR VWUXþQpKR SĜHKOHGX SO\QH åH YČWãLQD YêUREFĤ 3/& QDEt]t Y MLVWp SRGREČ VYĤM
ĜtGLFtV\VWpPSRVWDYHQêQDYODVWQtFK3/&MDNRGLVWULEXRYDQê'&6V\VWpP3ĜHGSRNODGHPSUR
WRMHåHV\VWpPMHY\EXGRYiQGOHVFKpPDXYHGHQpKRQD2EU
6SROHKOLYRVW V\VWpPX MH Y\EXGRYiQD QD VSROHKOLYRVWL YODVWQtFK 3/& NWHUp WYRĜt ~URYHĖĜt]HQtWHFKQRORJLH2SHUiWRUVNi~URYHĖ~URYHĖĜt]HQtSURFHVXMHĜHãHQDYêNRQQêPL
3& SURSRMHQêPL PH]L VHERX L V ~URYQt Ĝt]HQt VpULRYRX VEČUQLFt =SUDYLGOD VH MHGQi R
V\VWpPRYČVSHFLILFNRXVEČUQLFLYKRGQRXGRSUĤP\VORYpKRSURVWĜHGt0RGEXV0RGEXV3OXV
),3&$13URILEXV$5&QHW3QHWDOHL(WKHUQHW1DYUVWYČVHþDVWRVHWNiPHVSRXåLWtP
VOXåHE D IXQNFt 0$3 SURWRNROX 1D ~URYQL SURMHNWRYiQt NRQILJXUDFH SDUDPHWUL]DFH
SURJUDPRYiQtVHQD26SRXåtYiEXćYêUREFHP3/&GRGiYDQêYL]XDOL]DþQtGLDJQRVWLFNêD
SURMHNWRYDFt6:QHERVHSRXåtYiRWHYĜHQêFKSURGXNWĤ6&$'$YêUREFĤ6:ýtPRWHYĜHQČMãt
MHYODVWQtV\VWpPWtPOpSHPĤåHW\WRQHXWUiOQt6:SURGXNW\LPSOHPHQWRYDW3UiYČ6&$'$
6XSHUYLVRU\ &RQWURO DQG 'DWD $TXLVLWLRQ V\VWpP\ XPRåĖXMt WpWR DUFKLWHNWXĜH NRQNXURYDW
NRPSDNWQtP'&6
6WUXþQêSĜHKOHG'&6Y\EXGRYDQêFKQDEi]L3/&>@
)LUPD
3URGXNW
6FKQHLGHU
0RGLFRQ4XDQWXP
0RGLFRQ$
0RGLFRQ76;
$OID/DYDO
6DWW/LQH
%DFKPDQQ
6<6
%:2
6\VWHP
(/,1
2SHQ(&6
$%%
)UHHODQFH
+,0$$XWRPDWLVLHUXQJVV\VWHP
,.&$XWRPDWLRQ11
.XKQNH
.8$;6\VWHP
0DWVXVKLWD
6HULH)373+
2PURQ
6\VPDF
2SWR
0,67,&
3(30RGXODU&RPS
3(3
5RFNZHOO
3/&569LHZ
6HOHFWURQ
6(/(&752/0$6
6LHPHQV
6LPDWLF3&6
6LPDWLF3&6
3ĜtNODG3/&RULHQWRYDQpKR'&6
-DNRSĜtNODGWČFKWRV\VWpPĤXYHćPHYHVWUXþQRVWLV\VWpP6LPDWLF3&6ILUP\6LHPHQV
>@ 7HQWR 3/& RULHQWRYDQê '&6 Y\FKi]t ]H V\VWpPX 6LPDWLF 3&6 DYãDN LPSOHPHQWXMH
SĜHGHYãtPQRYRXĜDGX6LHPHQVRYêFKSURJUDPRYDWHOQêFKDXWRPDWĤ6LPDWLF69REODVWL6:
SRGSRUXMHDY\XåtYiRWHYĜHQiVWDQGDUGQt6:UR]KUDQtSURSURMHNWRYiQtDWHFKQRORJLFNiGDWD
MDNR2'%&2SHQ'DWD%DVH&RQQHFWLYLW\64/6WUXFWXUHG4XHU\ /DQJXDJHGiOH23&
UR]KUDQt XPRåĖXMtFt ]SUDFRYiQt GDW Y 3& DSOLNDFtFK D UR]KUDQt ''( = NRPXQLNDþQtFK
VWDQGDUGĤ QD QHMQLåãtFK ~URYQtFK SRGSRUXMH 3URILEXV +DUW D QD ~URYQL PH]L VWDQLFHPL
SUĤP\VORYê(WKHUQHW
3UR SURMHNWRYiQt SDUDPHWURYiQt GLDJQRVWLNX D XYiGČQt GR SURYR]X MH GR V\VWpPX
LQWHJURYiQ PRGHUQt 6LHPHQVĤY NRQILJXUDþQt 6: V Qi]YHP 6LPDWLF 3'0 3URFHVV 'HYLFH
0DQDJHU XPRåĖXMtFt MHGQRWQêP 6: SURMHNWRYDW D SURJUDPRYDW KHWHURJHQQt SĜtVWURMRYRX
NROHNFLRGSUĤP\VORYêFKUHJXOiWRUĤSĜHVDXWRPDW\6DåSR6LPDWLF3&6DWRURXWLQJHP]
LQåHQêUVNpVWDQLFHDåSRSRVOHGQtSĜtVWURMSĜLSRMHQêNXSĜNVtWL+$577DWRYODVWQRVWMHYH
ILUPČ 6LHPHQV R]QDþRYiQD MDNR 7RWDOO\ ,QWHJUDWHG $XWRPDWLRQ -H UHDNFt QD YêãH XYiGČQê
UR]GtO PH]L SURMHNWDQWVNêP SURJUDPiWRUVNêP NRPIRUWHP LQWHJURYDQêP GR NRPSDNWQtFK
'&6DRVWDWQtĜtGLFtWHFKQLNRX3/&VRIW3/&SUĤP\VORYpUHJXOiWRU\WRWiOQČGLVWULEXRYDQi
DXWRPDWL]DFH DS SĜL ĜHãHQt DXWRPDWL]DFH YHONêFK FHONĤ 2WHYĜHQRVW V\VWpPX
FKDUDNWHUL]RYDQi SUYN\ D YODVWQRVWPL 7RWDOO\ ,QWHJUDWHG $XWRPDWLRQ XPRåĖXMH SRPČUQČ
VQDGQR ]DþOHQLW GR V\VWpPX ĜtGLFt þOHQ\ MLQêFK YêUREFĤ -Lå 6LPDWLF 3&6 E\O SRVWDYHQ Y
~URYQL EH]SURVWĜHGQtKR Ĝt]HQt QD GYRX ]FHOD KHWHURJHQQtFK 3/& W\SX 6LPDWLF 6 D 7,
3UR SDUDPHWURYiQt SĜtVWURMĤ SRXåtYi V\VWpP 6LPDWLF 3&6 VWDQGDUGL]RYDQê MD]\N ''/
'HYLFH 'HVFULSWLRQ /DQJXDJH %ORNRYp VFKpPD GLVWULEXRYDQpKR ĜtGLFtKR V\VWpPX 6LPDWLF
3&6MHQD2EU
2EU%ORNRYpVFKpPD6LPDWLF3&6

Podobné dokumenty

äLYRW QD VtGOLãWL NXOWXU\ V lineární

äLYRW QD VtGOLãWL NXOWXU\ V lineární 2.0.1. Studium broušené industrie (BI)................................................................................................37 2.0.2. Zpracování broušené industrie z Bylan ..................

Více

JUMO mTRON T Měřicí, regulační a automatizační systém

JUMO mTRON T Měřicí, regulační a automatizační systém QHERMHGQRWNRYpVLJQiO\ SURXGQHERQDSČWt • DQDORJRYpYVWXS\MVRXPH]LVHERXJDOYDQLFN\RGGČOHQ\ • WĜLYROLWHOQp]iVXYQpSR]LFHSURUR]ãtĜHQtDåQDþW\ĜL XQLYHU]iOQtDQDORJRYpYVWXS\RVP...

Více

ýDVRYDţ

ýDVRYDţ 1DþWHQtDNWXiOQtKRGQRW\þDVRYDþH7YGHFLPiOQtIRUP

Více

Přednášky k předmětu

Přednášky k předmětu  =QDNRYê W\S D MHKR NRQVWDQW\    ěHWČ]FRYp NRQVWDQW\ ...

Více

Základní návod

Základní návod QHERX]OĤYSĜtPpPþLQHSĜtPpPNRQWDNWXMHWĜHEDQDLQVWDORYDWFKUiQLþHRCD/ELCB typu B QD YVWXS SULPiUQt RNUXK  PČQLþH SRNXG MH ]GURM QDSiMHQt WĜtIi]RYê  9  3UR jednofázové ...

Více

Návod k obsluze systému Digiterm

Návod k obsluze systému Digiterm þDVRYê~VHNYQ PåE\ODGDWDSLMDWDD]DSViQDGRDUFKLYX 1i]Y\ VORXSF$ RGSRYtGDMt SURP QQêP Y DXWRPDWX 9 SURJUDPX Read95   WDNWR R]QDþHQp VORXSFH QD]êYiPH SURP QQêPL -HGQRWOLYp...

Více

H8GN Katalogov list

H8GN Katalogov   list 'REDF\NOXMH]REUD]HQDSRX]HNG\åÄYêVWXSQtPyGSUR IXQNFLþDVRYDþH³Y~URYQLSRþiWHþQtKRQDVWDYHQtE\O QDVWDYHQQDÄ=³ 1DVWDYXMHGREXF\NOXSRXåLWRXSURGYRXSRORKRYêSURYR] QDVWDYLWHOQpKREOL...

Více

Služby spojené se stanicemi pro nabíjení elektromobilů

Služby spojené se stanicemi pro nabíjení elektromobilů QČNWHUpXåLYDWHOHMHDXWRPRELOL]SĤVREHP åLYRWDDQHXPtVLåLYRWEH]DXWRPRELOX SĜHGVWDYLWQLFPpQČVLQIRUPDþQtPYČNHP VHPČQt]SĤVREP\ãOHQtDSURPODGãt JHQHUDFHMLåDXWRPRELOQHPXVtEêWWD...

Více