GE GEH50DEEDXX 35(&$8&,1, $'9(57(1&,$

*8$5'((67$6,16758&&,21(6 

*($SSOLDQFHVFRP

£35(&$8&,Ï1

5LHVJRGHLQFHQGLR6HSXHGHSURGXFLUJDVKLGUyJHQRHQXQVLVWHPDGH DJXDFDOLHQWHDEDVWHFLGRSRUHVWHFDOHQWDGRUGH

DJXDHOFXDOIXHXVDGRSRUXQSHUtRGRGHWLHPSRSURORQJDGR JHQHUDOPHQWHGRVVHPDQDVRPiV£(/*$6+,'5Ï*(12(6

(;75(0$'$0(17(,1)/$0$%/(3DUDGLVLSDUGLFKRJDV\UHGXFLUHOULHVJRGHOHVLRQHV VHUHFRPLHQGDTXHHOJULIRGHDJXD

FDOLHQWHTXHGHDELHUWRGXUDQWHYDULRVPLQXWRVHQHOODYDERGHODFRFLQD DQWHVGHXVDUFXDOTXLHUDUWHIDFWRHOpFWULFRFRQHFWDGR

DOVLVWHPDGHDJXDFDOLHQWH6LKD\KLGUyJHQRSUHVHQWHKDEUiXQ VRQLGRDWtSLFRWDOFRPRDLUHTXHHVFDSDDWUDYpVGHODWXEHUtD

FXDQGRHODJXDFRPLHQFHDFLUFXODU1RIXPHQLHQFLHQGDXQD OODPDFHUFDGHOJULIRHQHOPRPHQWRHQTXHpVWHVHDEUD

£$'9(57(1&,$

5LHVJRGH,QFHQGLR1RJXDUGHQLXVHJDVROLQDXRWURVYDSRUHVLQIODPDEOHV\ OtTXLGRVFHUFDGHpVWHQLGHRWURV

HOHFWURGRPpVWLFRV0DQWHQJDORVWDSHWHV\RWURVPDWHULDOHVFRPEXVWLEOHVDOHMDGRV

/D/H\GH&DOLIRUQLDUHTXLHUHTXHORVFDOHQWDGRUHVGHDJXDUHVLGHQFLDOHVVHDQ VXMHWDGRVDSXQWDODGRVRDPDUUDGRVDILQ

GHUHVLVWLUFDtGDVRGHVSOD]DPLHQWRVKRUL]RQWDOHVGHELGRDPRYLPLHQWRVSRUWHUUHPRWRV3DUD ORVFDOHQWDGRUHVGHDJXD

UHVLGHQFLDOHVGHKDVWDJDORQHV/GHFDSDFLGDGVHSRGUiDFFHGHU DXQFDWiORJRFRQLQVWUXFFLRQHVJHQpULFDV

SDUDVXMHFLyQHQFDVRGHWHUUHPRWRHQ2IILFHRIWKH6WDWH $UFKLWHFW2ILFLQDGHO$UTXLWHFWR(VWDWDO36WUHHW

6DFUDPHQWR&$RVHSXHGHFRPXQLFDUDORVROLFLWDUOD DVLVWHQFLDGHXQYHQGHGRUGHFDOHQWDGRUHV

GHDJXD

/RVFyGLJRVORFDOHVDSOLFDEOHVVLHPSUHGHWHUPLQDUiQODLQVWDODFLyQ3DUDFDOHQWDGRUHVGHDJXD UHVLGHQFLDOHVGHXQD

FDSDFLGDGVXSHULRUDJDORQHV/FRQVXOWHVREUHSURFHGLPLHQWRVGHVXMHFLyQ DFHSWDEOHVHQODMXULVGLFFLyQGH

FRQVWUXFFLyQORFDO

$GYHUWHQFLDGHOD3URSRVLFLyQGH&DOLIRUQLD(VWHSURGXFWRFRQWLHQHTXtPLFRVTXH HO(VWDGRGH&DOLIRUQLDHQWLHQGH

TXHSURGXFHQFiQFHUGHIHFWRVHQHOQDFLPLHQWRXRWURVGDxRVUHSURGXFWLYRV