3OHDVHNHHSWKLVXVHUPDQXDOIRUIXWXUHUHIHUHQFH
8650$18$ 3 7$
3OD\HU67%6HOHFWLRQ
217176
03257$176$7,16758&7,216
$ERXW7KLV0DQXDO
17528&7,21
7UDGH DUN&UHGLWV
$ERXW6RIWZDUH
$ERXWWKH6\ Erov
$735&$87,216
RQRWSODFHDQ\REMHFWVRQWRSRIWKHXQLW
$735&$87,216 FRQWLQXHG
$87,21
OHDQLQJDQG0DLQWHQDQFH
35&$87,216
DJH5HWHQWLRQRI3ODV DLVSOD\
$%2873/$60$,63/$3$1
RQ&KDUDFWHULVWLFVRI3ODV DLVSOD\3DQHOV
KDUDFWHULVWLFVRI, DJH5HWHQWLRQ
237,21
$7856
6833/,$&&6625,6
5HDU3DQHO
20321171$06
URQW3DQHO
RWH&RQWURO
DXWLRQ KHQ0RYLQJWKH0DLQ8QLW
353$5$7,21
HQWFRYHU
Sduw
6DIHW\3UHFDXWLRQRQ0DLQ8QLW,QVWDOODWLRQ
353$5$7,21 FRQWLQXHG
$QWL7X EOH0HDVXUHV
6HFXULQJWRDZDOORUSLOODU
7HU
211&7,21
5HDU
Urqw
RQQHFWLQJ3URFHGXUH FRQWLQXHG
211&7,21 FRQWLQXHG
&RQQHFWLQJWRWHUQDOTXLS HQW 7HU LQDOVRQ5HDU
DPSOH@
+0,WHUPLQDOXVLQJWKH+0,9,FDEOH
,QIRUPDWLRQ
+0,WHUPLQDOXVLQJWKH+0,9,FDEOH
287 !!
7HU LQDOVRQURQW
EDVLVDIWHUFRPSOHWLQJWKHFRQQHFWLRQVRQWKHUHDUSDQHO
,QIRUPDWLRQ +RZWRVHFXUHWKHFDEOHV
&RQQHFWLQJWKHSOXJLQWRWKHZDOOVRFNHW
+RZWRFOD S
7RXQIDVWHQ
3RZHU2Q2II
$6,&235$7,21
7RWXUQ2QWKHSRZHURIWKHXQLW
7RWXUQ2IIWKHSRZHURIWKHXQLW
LUVW7L H6HWXS
$6,&235$7,21 FRQWLQXHG
9ROX H832
0XWH
2IIWLPHU
QSXW6LJQDO6FUHHQLVSOD\
%DVLF2SHUDWLRQ
796783235$7,21
+RZWRXVHWKH2Q6FUHHQLVSOD\ 26V\VWH
6HWXSKLQW
796783235$7,21 FRQWLQXHG 6HWXS0HQX 79 RGH
$XWR7XQLQJ
0DQXDO7XQLQJ
6HWXS0HQX 79 RGH FRQWLQXHG
796783235$7,21 FRQWLQXHG
\VWHP
796783235$7,21 FRQWLQXHG 6HWXS0HQX $9 RGH
RORU
\VWHP
796783235$7,21 FRQWLQXHG 6HWXS0HQX 5*% RGH
XQFWLRQ0HQX
3LFWXUH6LH
XQFWLRQ0HQX FRQWLQXHG
6HOHFWHG,WH 6HWXSKLQW
796783235$7,21 FRQWLQXHG 3LFWXUH0HQX 79$9 RGH
&RORU0DQDJHPHQW
3LFWXUH0HQX 79$9 RGH FRQWLQXHG
ODFNQKDQFHPHQW
LOP0RGH
RORU7HPS $GMXVW
FRORU RRO
3LFWXUH0HQX 5*% RGH
EXWWRQ
RORU7HPS $GMXVW
3LFWXUH HQX 5*% RGH FRQWLQXHG
EULJKWHUSDUWV a
SDUWV a
7UHEOH
$XGLR0RGH
DVV
Dodqfh
2II7LPHU
7L HU0HQX
2Q7LPHU
EOLQNLQJ
+RZWRRSHUDWHWKH7HOHWHW
$QDORJ7HOHWHW
0HQX Xqfwlrq 3DJH
$/755675,$/7/9,6,21 77235$7,21
770DLQ0HQX/LVW
QVWDOOLQJ&KDQQHOV
$/755675,$/7/9,6,21 77235$7,21 FRQWLQXHG
5HVWRULQJ&KDQQHOV
FRQWLQXH´
6WHSSLQJWKURXJKWKH&KDQQHO
KDQQHO6HOHFWLRQV
6HOHFWLQJIUR WKH3URJUD DYRULWH/LVW 3URJUD /LVW
DYRULWH/LVW
FDQFHOWKHVHWWLQJ
0DNLQJDYRULWH/LVW
8VH
& !! % ! ˳
Qiru DWLRQ%DQQHU
8WLOLLQJWKH,QIRU DWLRQ7RRO
6HWXSWKHGLVSOD\WL H
LJLWDO7HOHWHW
6XEWLWOH
OHFWURQLF3URJUD *XLGH 3*
3UHVV EXWWRQWRGLVSOD\3*VFUHHQ
2QFHWXULQJ79RII³$XWRVXEWLWOH´UHWXUQVWR³LVDEOH´
GLJLWVSLQFRGH
RQÀJXULQJ6HWWLQJ
7KHDYDLODEOH$XGLRODQJXDJHFDQEHVHOHFWHG
3UHVV EXWWRQRQWKHUHPRWHFRQWURO
796HWXS0HQX
KHFNLQJ776\VWH ,QIRU Dwlrq
7KLVFDQGLVSOD\FXUUHQW77V\VWHPLQIRUPDWLRQ
³796HWXS´PHQXFDQEHDFFHVVHGIURPWKH77PDLQPHQX
6LH6ZLWFKLQJ
81&7,21
79$9VLJQDOLQSXW
6FUHHQ
6LH6ZLWFKLQJ FRQWLQXHG
81&7,21 FRQWLQXHG
79$9VLJQDOLQSXW FRQWLQXHG 3RVLWLRQ$GMXVW HQW
8VLQJDZLGHVFUHHQWHOHYLVLRQ
RXFDQVHOHFWVXLWDEOHVLHGHSHQGLQJRQWKHUHVROXWLRQ
%VLJQDOLQSXW
5HVROXWLRQ QSXWVLJQDO
LVSOD\
6SOLW
3LFWXUHUHHLQJ
6LQJOH
LOLQJXDOXDO6RXQGEURDGFDVW
$XGLR6ZLWFKLQJ
6WHUHREURDGFDVW
3UHVV EXWWRQWRVZLWFKEHWZHHQVWHUHRDQGPRQRVRXQG
KHQ$9LQSXWLVVHOHFWHG
3RZHU6DYH0RGH
KHQWKH5*%LQSXWLVVHOHFWHG
5HWXUQLQJWRRSHUDWLQJVWDWXV
6HWXS
81&7,21 FRQWLQXHG 3OD\HU67%6HOHFWLRQ
SWR
7528%/6+227,1
7528%/6+227,1* FRQWLQXHG
\ SWR DQG&KHFN/LVW FRQWLQXHG
5HG@
DQG&KHFN/LVW FRQWLQXHG
63&,,&$7,21
3528&763&,,&$7,216
6LJQDO,QSXW
3528&763&,,&$7,216 FRQWLQXHG
LQSXWFRQQHFWRUSLQVSHFLÀFDWLRQV
+0,FRQQHFWRUSLQVSHFLÀFDWLRQV
LWK+0,LQSXW
5HFR
LWK5*%LQSXW
LQWHUSRODWLRQRIVWULSHV
7HU LQDOVRQ)URQW
,I\RXUH[WHUQDOGHYLFHKDV6YLGHRWHUPLQDO69,'(2FRQQHFWLRQLVUHFRPPHQGHGIRUKLJKHUTXDOLW\SLFWXUH
,IERWK6YLGHRDQGYLGHRLQSXWWHUPLQDOVRI$9DUHFRQQHFWHGDWWKHVDPHWLPH6YLGHRZLOOKDYHLWVSULRULW\
7KHDXGLRIURPWKHVSHDNHUZLOOEHPXWHGZKHQFRQQHFWLQJWKHKHDGSKRQHWRWKLVWHUPLQDO