6WUXWWXUD SRUWDQWH UHDOL]]DWD LQ QR ELOLWDWR PHODPLQLFR VSHVVRUH PP D EDVVD HPLVVLRQH GL IRUPDOGHLGH &/$66( ( 6XSSRUWLQJ VWUXFWXUH LQ PHODPLQH WKLFNQHVV PP ORZ IRUPDOGHK\GH HPLVVLRQ &/$66 ( 6WUXFWXUH SRUWDQWH HQ PpODPLQH pSDLVVHXU PP j EDVVH pPLVVLRQ GH IRUPDOGpK\GH &ODVVH ( (VWUXFWXUD SRUWDQWH UHDOL]DGD HQ PHODPtQLFR HQQREOHFLGR GH PP GH JURVRU GH EDMD HPLVLyQ GH IRUPDOGH KtGR &/$6( ( %DVH SRUWDQWH UHDOL]]DWD LQ 0') VS PP ULYHVWLWD LQ $%6 VS PP GR WDWD QHOOD SDUWH LQIHULRUH GL Q EXV VROH ÀOHWWDWH PD SHU LO ÀVVDJJLR GL Q UXRWH GLDP PP DQWL WUDFFLD PRQWDWH FRQ FXVFLQHWWL SRUWDWD UXRWD .J 6XSSRUWLQJ EDVH PDGH RI 0') WKLFNQHVV PP FRYHUHG ZLWK $%6 WKLFNQHVV PP ,Q WKH ORZHU SDUW WKHUH DUH QR WKUHDGHG EXVKHV PD IRU À[LQJ Q QRQPDUNLQJ ZKHHOV GLDP PP ÀWWHG ZLWK EHDULQJV ZKHHOV FDSDFLW\ .J %DVH SRUWDQWH UpDOLVpH HQ 0') pSDLVVHXU PP 5HYrWHPHQW HQ $%6 pS PP /D SDUWLH LQIpULHXUH HVW GRWpH GH GRXLOOHV ÀOHWpHV PD SRXU OH À[DJH GH Q URXHV GLDP PP DQWLWUDFH PRQWpHV DYHF URXOHPHQWV SRUWpH GH OD URXH .J %DVH SRUWDQWH UHDOL]DGD HQ 0') GH PP GH JURVRU UHFXELHUWD GH $%6 GH GH PP GH JURVRU GRWDGD HQ OD SDUWH LQIHULRU GH FDVTXLOORV URVFD GRV PR SDUD OD ÀMDFLyQ GH UXHGDV GH PP GH GLDPHWUR DQWLKXHOODV PRQWDGDV FRQ FRMLQHWHV FDSDFLGDG GH OD UXHGD .J 6HUUDQGLQD GL FKLXVXUD UHDOL]]DWD LQ $%6 ÀQLWXUD DOOXPLQLR VFRUUHYROH PHGLDQWH FDQDOL LQVHULWL WUDPLWH IUHVDWD VXL ÀDQFKL 5ROOLQJ VKXWWHU LQ $%6 ZLWK DOXPL QLXP ÀQLVK VOLGLQJ WKURXJK FKDQQHOV PLOOHG LQVHUWHG RQ WKH VLGHV 5LGHDX GH VHUUDJH HQ $%6 ÀQLWLRQ HQ DOXPLQLXP FRXOLVVDQW SDU GHV FD QDX[ LQVpUpV SDU IUDLVDJH VXU OHV F{WpV &LHUUH PHWiOLFR UHDOL]DGR HQ $%6 DFDEDGR DOXPLQLR GHVOL]DEOHV PH GLDQWH FDQDOHV LQWURGXFLGRV PHGLDQWH IUHVDGR HQ ORV ODWHUDOHV 6XSSRUWL SHU YDVFKHWWH UHDOL]]DWH LQ $%6 WHUPRIRUPDWR FRQ LQWHUDVVH FP ÀVVDWH VXL ÀDQFKL PHGLDQWH YLWL GRWDWH GL ÀQHFRUVD 6XSSRUWV IRU WUD\V PDGH RI WKHUPR IRUPHG $%6 KDYLQJ GLVWDQFH EHWZHHQ FHQWUHV FP À[HG E\ VFUHZV HTXLS SHG ZLWK OLPLW VZLWFKHV 6XSSRUWV SRXU EDFV UpDOLVpV HQ $%6 WKHUPRIRUPp DYHF HQWUD[H FP À[pV SDU GHV YLV GRWpHV GH ÀQ GH FRXUVH 6RSRUWHV SDUD EDQGHMDV UHDOL]DGRV HQ $%6 WHUPRIRUPDGR FRQ GLVWDQFLD HQWUH HMHV GH FP ÀMDGRV D ORV ODWH UDOHV PHGLDQWH WRUQLOORV GRWDGRV GH ÀQDO GH FDUUHUD 9DVFKHWWH K FP K FP K FP 1% /H YDVFKHWWH QRQ VRQR LQFOXVH SUH]]R D ULFKLHVWD 7UD\V K FP K FP K FP 1% 7KH WUD\V DUH QRW LQFOXGHG ² SUL FH RQ GHPDQG %DFV LQWpULHXUV K FP K FP K FP 1% /HV EDFV QH VRQW SDV LQFOXV ² SUL[ VXU GHPDQGH %DQGHMDV K FP K FP K FP 1% /DV EDQGHMDV QR HVWiQ LQFOXLGDV ² SUHFLR EDMR SHGLGR