,QVWUXFFLRQHVGHLQVWDODFLyQ
,167$/$&,Ï1'(/$/$9$'25$
'HMHFRUUHUXQSRFRGHDJXDGHORVJULIRVGHDJXD FDOLHQWH\IUtDSDUDSXUJDUODVWXEHUtDVGHDJXD\ HOLPLQDUODVSDUWtFXODVTXHSXHGDQREVWUXLUODVWXEHUtDV GHHQWUDGD\ORVILOWURVGHODYiOYXODGHDJXD
2EWHQHUODVWXEHUtDVGHHQWUDGDDQLYHOORFDO
9HULILTXHTXHKD\DXQD DUDQGHODGHJRPDHQHOODV WXEHUtDV9XHOYDDLQVWDODU ODDUDQGHODGHJRPDHQHO DFFHVRULRGHODWXEHUtDVLVH KDFDtGRGXUDQWHHOHQYtR &RQHFWHFRQFXLGDGRXQ WXEHUtDGHHQWUDGDDODVDOLGD ´+µH[WHULRUGHODYiOYXODGH DJXD$SULHWHFRQODPDQR
\DFRQWLQXDFLyQDSULHWHGHYXHOWDFRQORVDOLFDWHV &RQHFWHFRQFXLGDGRODRWUDWXEHUtDGHHQWUDGDDOD VDOLGD´&µLQWHULRUGHODYiOYXODGHDJXD$SULHWHFRQOD PDQR\DFRQWLQXDFLyQDSULHWHGHYXHOWDFRQORV DOLFDWHV1RSDVHODVURVFDVQLDSULHWHH[FHVLYDPHQWH
HVWDVFRQH[LRQHV
,QVWDODUODVDUDQGHODVGHOILOWURLQWURGXFLpQGRODVHQORV H[WUHPRVOLEUHVGHODVWXEHUtDVGHHQWUDGDFRQHOODGR
TXHVREUHVDOHHQIUHQWDQGRHOJULIR
)5Ë$
&
&$/,(17(
+
$UDQGH
ODVGHO
ILOWURGHOD
WXEHUtDGH
HQWUDGD
)5Ë$ &$/,(17(
&RQHFWHORVH[WUHPRVGHODWXEHUtDGHHQWUDGD DODVWRPDVGHDJXD&$/,(17(\)5Ë$DMXVWiQGRORV FRQODPDQR\DFRQWLQXDFLyQDSULHWHGHQXHYRGH YXHOWDFRQORVDOLFDWHV$EUDODOODYHGHSDVR\FRPSUXHEH TXHQRKD\QLQJXQDIXJD
'HVSODFHODODYDGRUDFRQFXLGDGRKDVWDVXXELFDFLyQ ILQDO0XHYDVXDYHPHQWHODODYDGRUDSDUDVLWXDUODHQVX OXJDUDVHJXUDUODVWXEHUtDVGHHQWUDGDQRVHWXHU]D(V LPSRUWDQWHQRGDxDUODVSDWDVQLYHODGRUDVGHFDXFKRDO WUDVODGDUVXODYDGRUDDVXXELFDFLyQILQDO6LODVSDWDVVH GDxDQSRGUtDDXPHQWDUODYLEUDFLyQGHODODYDGRUD3RGUtD VHU~WLOURFLDUHOSLVRFRQOLPSLDGRUSDUDYHQWDQDVDILQGH WUDVODGDUPiVIiFLOPHQWHVXODYDGRUDDVXXELFDFLyQILQDO 127$3DUDUHGXFLUODYLEUDFLyQDVHJ~UHVHGHTXHFDGD XQDGHODVFXDWURSDWDVQLYHODGRUDVHVWpQHQFRQWDFWRFRQ HOSLVR(PSXMH\WLUHGHODSDUWHSRVWHULRUGHUHFKD\OXHJR GHODSDUWHSRVWHULRUL]TXLHUGDGHVXODYDGRUD
127$1RXWLOLFHHOGHSyVLWRGHGHWHUJHQWHQLODSXHUWD
SDUDOHYDQWDUODODYDGRUD
127$6LVHLQVWDODHQXQGHSyVLWRGHGHVDJHSXHGH XWLOL]DUXQDWDEOD[GHSXOJDGDVGHORQJLWXGSDUD
FRORFDUODODYDGRUDHQVXOXJDUKDFLHQGRSDODQFD
8QDYH]VLWXDGD ODODYDGRUDHQVX SRVLFLyQILQDOFRORTXH
XQQLYHOHQODSDUWH
VXSHULRUGHODPLVPD
VLHVWiLQVWDODGDGHEDMR GHXQFRQWDGRUOD ODYDGRUDQRGHEHUtD YLEUDU$MXVWHORV VRSRUWHVGHQLYHODFLyQ
GHODQWHURVKDFLDDUULEDRKDFLDDEDMRSDUDDVHJXUDUVH TXHODODYDGRUDVHDSR\DHQXQDVXSHUILFLHVyOLGD*LUH
ODVFRQWUDWXHUFDVGHFDGDVRSRUWHKDFLDODEDVH GHODODYDGRUD\DSULpWHODVFRQXQDOODYH
127$0DQWHQJDODH[WHQVLyQGHORVVRSRUWHVDOPtQLPR SDUDHYLWDUXQDYLEUDFLyQH[FHVLYD&XDQWRPiVVH H[WLHQGDQORVVRSRUWHVPiVYLEUDUiODODYDGRUD
6LHOVXHORQRHVWiQLYHODGRRHVWiGDxDGRSXHGHTXHVHD QHFHVDULRH[WHQGHUORVVRSRUWHVGHQLYHODFLyQWUDVHURV