1$-%2/-( ,= '20$ü( .8+,1-(
0/-(9(12 0(62
5LMHND
,HG@O N HGE@Q@IDH H@NJH GDJ SRULOXND GO XOMD GDJ POMHYHQRJ PHVD MXQHWLQH L VYLQMHWLQH
GDJ VLUD *DXGH MDMD GDJ EUDรฅQD GO POLMHND รงOLรฟLFD SUDรฅND ]D SHFLYR VRO SDSDU 3RVWXSDN L]UDGH 3RULOXN RรฟLVWLWH RSHULWH L QDVMHFNDMWH 3RSUรงLWH JD QD ]DJULMDQRP XOMX SD GRGDMWH POMHYHQR PHVR =DรฟLQLWH L SLUMDMWH GRN PHVR QH SURPLMHQL ERMX 6PMHVX UDVSRUHGLWH X SUHWKRGQR QDXOMHQ RNUXJOL OLP ]D SHรฟHQMH 3RVSLWH ULEDQLP VLURP (OHNWULรฟQLP PLNVHURP ]DPXWLWH MDMD EUDรฅQR POLMHNR SUDรฅDN ]D SHFLYR L VRO 3UHOLMWH SR PHVX 3HFLWH QD ย & GRN SRYUรฅLQD QH SR]ODWL
3<MDQJ N H@NIDH JFMPBGD><H< GDJ VODQLQH NULåNH NUXKD UHçDQM ÿHåQMDND O WHPHOMFD GO XOMD VRO SDSDU
GDJ OXND GDJ PUNYH GDJ SRULOXND GDJ WLNYLFD GDJ NUXPSLUD GDJ POMHYHQRJ PHVD MDMH
3RVWXSDN L]UDGH 0UNYX SRULOXN L WLNYLFH RÿLVWLWH RSHULWH L QDUHçLWH QD YHýH NRPDGH .UXPSLU RJXOLWH RSHULWH L QDUHçLWH QD ÿHWYUWLQH -HGDQ OXN L]UHçLWH L SRSUçLWH QD ]DJULMDQRP XOMX .DG SRVWDQH VWDNODVW GRGDMWH SRYUýH L NUDWNR SLUMDMWH =DOLMWH WHPHOMFHP L NXKDMWH QD ODJDQRM YDWUL ² PLQXWD RGQRVQR GRN SRYUýH QH RPHNåD 3R SRWUHEL GRGDMWH MRå WHPHOMFD LOL YRGH .UXK VPHNåDMWH X YRGL SD RFLMHGLWH 3RPLMHåDMWH JD VD VLWQR VMHFNDQLP OXNRP ÿHåQMDNRP MDMHWRP L POMHYHQLP PHVRP 6ODQLQX QDUHçLWH QD VLWQH NRFNLFH SD GRGDMWH VPMHVL RG PHVD 3RVROLWH SRSDSULWH L VYH GREUR L]PLMHåDMWH 9ODçQLP UXNDPD REOLNXMWH RNUXJOLFH L VWDYOMDMWH LK X NLSXýX VODQX YRGX LOL WHPHOMDF .XKDMWH RNR PLQXWD SD RFLMHGLWH 2NUXJOLFH XPLMHåDMWH X YDULYR L VYH ]DMHGQR NUDWNR SURNXKDMWH
$M<C N HGE@Q@IDH H@NJH GDJ JUDKD GDJ PLMHÃ¥DQRJ POMHYHQRJ PHVD GDJ FUYHQH SDSULNH GDJ UDMÿLFD GDJ OXND GO XOMD VRO SDSDU 3RVWXSDN L]UDGH *UDK RVWDYLWH GD VH PRÿL SUHNR QRýL 'UXJL GDQ JD NXKDMWH RNR VDWD RGQRVQR GRN QH RPHNÃ¥D 5DMÿLFX ]DOLMWH YUHORP YRGRP RJXOLWH L QDUHçLWH QD NRFNLFH /XN QDUHçLWH L SRSUçLWH QD XOMX .DG SRYHQH GRGDMWH SDSULNX QDUH]DQX QD NRFNLFH 3LUMDMWH PLQXWD SD XPLMHÃ¥DMWH PHVR 3LUMDMWH MRÃ¥ PLQXWD SD GRGDMWH RFLMHÄ&#x20AC;HQL JUDK VMHFNDQX UDMÿLFX L ]DÿLQH 'ROLMWH YRGH WROLNR GD VYH EXGH SUHNULYHQR L NXKDMWH QD ODJDQRM YDWUL RNR PLQXWD
$PMH<INF< KGE@NF<QD>< GDJ POMHYHQRJ PHVD GDJ WLNYLFD GDJ PUNYH
GDJ FUYHQH SDSULNH GDJ OXND GO XOMD
VRO SDSDU
3RVWXSDN L]UDGH 7LNYLFH RSHULWH RGUHçLWH LP NUDMHYH SD LK QDULEDMWH 0UNYX RÿLVWLWH RSHULWH L QDULEDMWH 3DSULFL RGVWUDQLWH VMHPHQNH L VLWQR MH QDUHçLWH /XN RÿLVWLWH L VLWQR QDVMHFNDMWH 'REUR L]PLMHåDMWH PHVR WLNYLFH OXN SDSULNX PUNYX L ]DÿLQH 2VWDYLWH VPMHVX GD RGVWRML RNR ² VDWD QD KODGQRP 5XNDPD REOLNXMWH SOMHVNDYLFH SUHPDçLWH LK XOMHP L SHFLWH QD URåWLOMX
-GE@NF<QD>< N< NDMJH VRO SDSDU XOMH
GDJ PLMHåDQRJ POMHYHQRJ PHVD çOLÿLFD POMHYHQH VODWNH SDSULNH GDJ ULEDQRJ VLUD åNULSDYFD
3RVWXSDN L]UDGH 8 POMHYHQR PHVR GRGDMWH VRO SDSDU L POMHYHQX SDSULNX L GREUR L]PLMHVLWH PHVR GRN VH VPMHVD QH VMHGLQL =DWLP MH SRGLMHOLWH QD GMHOD VYDNL GLR UD]YXFLWH X WDQNX SOMHVNDYLFX QD SRORYLFX VWDYLWH VLU L SUHNORSLWH D NUDMHYH GREUR VWLVQLWH NDNR VLU SUL SHÿHQMX QH EL LVFXULR 8 YHýRM WDYL ]DJULMWH XOMH L SHFLWH SOMHVNDYLFH QD XPMHUHQRM WHPSHUDWXUL SRYUHPHQR LK RNUHýXýL 3OMHVNDYLFH SRVOXçLWH V SHÿHQLP NUXPSLURP
-GE@NF<QD>< P G@KDIED J? FMPHKDM< GDJ PLMHåDQRJ POMHYHQRJ PHVD RG GLYOMDÿL MHOHQ VUQD YHSDU
OXN ÿHÃ¥DQM ÿHÃ¥QMDND NJ NUXPSLUD MDMD çOLFH PUYLFD çOLFH PDVWL VRO SDSDU 3RVWXSDN L]UDGH 8 POMHYHQR PHVR GRGDMWH VRO SDSDU VLWQR QDVMHFNDQL ÿHÃ¥QMDN L VLWQR QDVMHFNDQL OXN 6YH GREUR L]PLMHVLWH GD VH VPMHVD VMHGLQL WH RVWDYLWH X KODGQMDNX RNR PLQXWD =DWLP RG PHVD QDSUDYLWH SOMHVNDYLFH L SHFLWH LK QD XPMHUHQR ]DJULMDQRM PDVQRýL SRYUHPHQR LK RNUHýXýL 8 PHÄ&#x20AC;XYUHPHQX RJXOLWH L QDULEDMWH NUXPSLU SRVROLWH SRSDSULWH GRGDMWH MDMD PUYLFH L VYH ]DMHGQR GREUR L]PLMHÃ¥DMWH 2G GRELYHQH VPMHVH QDSUDYLWH RVDP WDQNLK OHSLQMD L SHFLWH LK X WDYL QD ]DJULMDQRM PDVQRýL 3OMHVNDYLFH RG PHVD L OHSLQMH RG NUXPSLUD SRVOXçLWH V SLUMDQLP JOMLYDPD
1DVORY GMHOD 1DMEROMH L] GRPDýH NXKLQMH 0/-(9(12 0(62 &RS\ULJKW 1DNODGD 8OLNV G R R 5LMHND 6YD VX SUDYD SULGUçDQD 1LMHGDQ GLR RYH NQMLJH QLMH GRSXåWHQR XPQDçDWL SUHQRVLWL QD ELOR NRML QDÿLQ HOHNWURQVNL PHKDQLÿNL IRWRNRSLUDQMHP SUHVQLPDYDQMHP LOL GUXNÿLMH EH] SUHWKRGQRJ SLVPHQRJ RGREUHQMD QRVLWHOMD SUDYD 1DNODGQLN 1$./$'$ 8/,.6 G R R 5LMHND þDYDOVNR 7HO =D QDNODGQLND 6LOYDQR )UDQÿLåNRYLý 8UHGQLN 0LUR %RçLý 'L]DMQ QDVORYQH VWUDQH L SULSUHPD ]D WLVDN 1DNODGD 8OLNV G R R 5LMHND 7LVNDQR X +UYDWVNRM RçXMDN )RWRJUDILMH ,WDQD 3RSLý 0LUR %RçLý 3ULSUHPD L XNUDåDYDQMH MHOD ,WDQD 3RSLý %RULV .DX]ODULý (OLDQD 3OHåH ,6%1 &,3 ]DSLV GRVWXSDQ X UDÿXQDOQRP NDWDORJX 6YHXÿLOLåQH NQMLçQLFH 5LMHND SRG EURMHP