

HV
$KRUDODPiTXLQDHVWiOLVWDSDUDSUHSDUDU
VXEHELGD
¡ $7(1&,Ï1
3DUDHYLWDUHOULHVJRGHTXHPDGXUD
±$QWHVGHDEULUODXQLGDGGHHODERUD
FLyQHVSHUHVLHPSUHKDVWDTXH/('
GHHVWDGRFFGHMHGHSDUS DGHDU
±1RLQWHQWHQXQFDDEULUODXQLGDGGH
HODERUDFLyQGHEHELGDVPLHQWUDVHVWi
HQIXQFLRQDPLHQWR
±(QHOFDVRGHEHELGDVFRQXQD
SUHVLyQGHHODERUDFLyQPD\RUVH
EORTXHDODXQLGDGGHHODERUDFLyQ
DXWRPiWLFDPHQWH
±1RWRTXHODXQLGDGGHSHUIRUDFLyQ
LQPHGLDWDPHQWHGHVSXpVGHSUHSDUDU
XQDEHELGD
±7HQJDHQFXHQWDTXHODVEHELGDVUH
FLpQSUHSDUDGDVHVWiQPX\FDOLHQWHV
± (O7',6&SXHGHHVWDUFDOLHQWH
GHVSXpVGHSUHSDUDUODEHELGD6H
DFRQVHMDPDQLSXODUFRQFXLGDGR
3URFHGDFRPRVHGHVFULEHD
FRQWLQXDFLyQSDUDSUHSDUDUVXEHELGD
VHJ~QHODMXVWHEiVLFRFRQWHQLGRHQHO
FyGLJRGHEDUUDVGHO7',6&
Ź $GHPiVHVSRVLEOHDGDSWDU
LQGLYLGXDOPHQWHODFDQWLGDGGHEHELGD
FRQODVWHFODVGHFDQWLGDGGHEHELGD
7HFOD GHFDQWLGDGGHEHELGDáD
0D\RUFDQWLGDGGHEHELGD
SDUDXQVDERUPiVVXDYH
7HFOD GHFDQWLGDGGHEHELGD±àE
0HQRUFDQWLGDGGHEHELGD
SDUDXQVDERUPiVLQWHQVR
6LKDDMXVWDGRODFDQWLGDGGHEHELGD
HO/('RHO/('íSHUPDQHFHQ
HQFHQGLGRVKDVWDTXHVHLQLFLDHO
SURFHVRGHHODERUDFLyQ
,QLFLHHOSURFHVRGHHODERUDFLyQ
SXOVDQGRHOERWyQ6WDUW6WRS
Ź 'XUDQWHODHODERUDFLyQSDUSDGHDQORV
/('VGHHVWDGR/('FF\ORV/('V
RíHQFDVRGHKDEHUODVVHOHFFLRQD
GRSUHYLDPHQWH
Ź 3DUDREWHQHUXQDPD\RUFDQWLGDGGH
EHELGDMXVWRGHVSXpVGHVXHODERUD
FLyQSXOVH\PDQWHQJDSUHVLRQDGDOD
WHFOD6WDUW6WRSRODVWHFODGHFDQWL
GDGGHEHELGDáD
7UDV¿QDOL]DUODHODERUDFLyQHO/('
GHHVWDGRFFGHMDGHSDUSDGHDU
$KRUDVHSXHGHYROYHUDDEULUODXQLGDG
GHHODERUDFLyQ6XEHELGDHVWiOLVWD
3XHGHUHWLUDUOD\SUHSDUDURWUDVLOR
GHVHD
i 1RWD
3XHGHQSURGXFLUVHSDXVDVFRUWDVGXUDQWH
HOSURFHVRGHHODERUDFLyQ(OREMHWLYRHV
RSWLPL]DUHOVDERUGHODEHELGD
6LQRSUHSDUDPiVEHELGDVODPiTXLQD
SDVDDXWRPiWLFDPHQWHDOPRGRGHDKRUUR
GHHQHUJtD
3DUDUHGXFLUD~QPiVHOFRQVXPRGH
HOHFWULFLGDGOHUHFRPHQGDPRVDSDJDUOD
PiTXLQD7$66,02WUDVFDGDXVRFRQHO
LQWHUUXSWRURQRII
3URYHHGRUHVGH7',6&
/DPiTXLQD7$66,02IXQFLRQDH[FOXVLYD
PHQWHFRQFiSVXODVHVSHFLDOHVORVOODPD
GRV7',6&VGH7$66,02TXHVHSXHGHQ
DGTXLULUHQGHWHUPLQDGRVHVWDEOHFLPLHQWRV
GHYHQWD\SRU,QWHUQHWHQODSiJLQDZHE
ZZZWDVVLPRFRP
$OPDFHQDPLHQWRGH7',6&V
/RV7',6&VVHSXHGHQJXDUGDUHQVX
SURSLRHQYROWRULRRHQRWURVHQYDVHVGHVX
HOHFFLyQ'HEHQDOPDFHQDUVHHQXQOXJDU
IUHVFR\VHFR1RJXDUGHORV7',6&VHQOD
QHYHUDRHQHOFRQJHODGRU6LHPSUHTXHHO
HQYROWRULRH[WHULRUHVWpLQWDFWRORV7',6&V
VHSXHGHQXWLOL]DUKDVWDODIHFKDGHFDGXFL
GDGLPSUHVDHQHOHQYROWRULR
8QDYH]DELHUWRHOHQYROWRULRH[WHULRUORV
7',6&VGHEHQFRQVXPLUVHHQHOHVSDFLR
GHVHPDQDV