DUWLJR WpFQLFR
RSVQEW XqGRMGEW I PIKMWPEpnS ETPMGjZIP E WMWXIQEW JSXSZSPXEMGSW $V LQVWDODo}HV HOpFWULFDV IRWRYROWDLFDV GHYHP UHVSHLWDU DV 57,(%7 5HJUDV 7pFQLFDV GDV ,QVWDODo}HV (OpFWULFDV GH %DL[D 7HQVmR ([LVWH QHVWH PRPHQWR PXLWR SRXFD LQIRUPDomR HVSHFtILFD VREUH SURWHFo}HV SDUD HVWH WLSR GH LQVWDODo}HV $OJXPD GD LQIRUPDomR H[LVWHQWH FRQVLVWH HP UHJUDV UHFRPHQGiYHLV SDUD LQVWDODo}HV )9 TXH FRQVWDP QD QRUPD ,(& TXH UHIHUH SDUWLFXODULGDGHV GH LQVWDODo}HV )9 H WDPEpP QD QRUPD (1 TXH GHILQH UHJUDV GH OLJDomR GD PLFURJHUDomR j UHGH GH GLVWULEXLomR GH EDL[D WHQVmR $SHQDV VHUmR IHLWDV UHIHUrQFLDV D DOJXPDV UHFRPHQGDo}HV VREUH SURWHFo}HV GH VLVWHPDV )9 GRV FRPSRQHQWHV H GRV VHXV XWLOL]DGRUHV *MPMTI 4IVIMVE )RKIRLIMVS )PIGXVSXqGRMGS -7)4 4VSJIWWSV RE )WGSPE 7IGYRHjVME ( 7ERGLS -
'PEWWI --- QEW q VIGSQIRHjZIP E YXMPM^EpnS HI QzHYPSW GSQ TVSXIGpnS 'PEWWI --
HI GYVXS GMVGYMXS HS KIVEHSV I IWXEV TVSXI KMHS GSRXVE JEPLEW HI XIVVE I GYVXS GMVGYMXSW
1zHYPSW JSXSZSPXEMGSW 3W QzHYPSW HIZIVnS IWXEV GIVXM½GEHSW HI JSVQE E KEVERXMV E TVSXIGpnS HEW TIWWSEW GSRXVE GLSUYIW IPqGXVMGSW )WXE TVSXIGpnS HIZI WIV KEVERXMHE RSW QzHYPSW EXVEZqW HE TVSXIGpnS 'PEWWI -- % GIVXM½GEpnS WYFIRXIRHI E TVSZE HE GSR JSVQMHEHI HS QzHYPS k RSVQE -)' IQ QzHYPSW GVMWXEPMRSW I -)' IQ QzHYPSW WMPuGMS EQSVJS 4EVE YQE XIRWnS MRJIVMSV E : q TSWWu ZIP MRWXEPEV QEXIVMEP IPqGXVMGS HI TVSXIGpnS
'EFPEKIQ 3W GEFSW YXMPM^EHSW RE TEVXI TSWXIVMSV HSW TEMRqMW HIZIQ WYTSVXEV RS QuRMQS YQE XIQTIVEXYVE HI ' 3W GEFSW HIZIQ WIV VIWMWXIRXIW k VEHMEpnS 9: I ¾I\uZIMW 4EVE YQE I½GE^ TVSXIGpnS HI XIVVE I HI GYVXS GMVGYMXS WnS VIGSQIRHEHSW GEFSW MWSPEHSW QSRSTSPEVIW TEVE SW GSRHYXSVIW TSWMXMZSW I RIKEXMZSW 4EVE EW MRWXEPEp~IW JSXSZSPXEMGEW PSGEPM^E HEW IQ PYKEVIW SRHI I\MWXI S VMWGS HI HIW GEVKEW EXQSWJqVMGEW HIZIVnS WIV YWEHSW GEFSW GSQ IGVnW FPMRHEKIRW (I EGSVHS GSQ E RSVQE IYVSTIME -)' S GEFS HE ½PIMVE XIQ HI WIV GETE^ HI XVERWTSVXEV ZI^IW E GSVVIRXI
*YWuZIMW HI ½PIMVE 3 GMVGYMXS IQ (' HIZIVj XIV YQE TVSXIG pnS GSQ JYWuZIMW 4EVE TIUYIRSW WMWXIQEW JSXSZSPXEMGSW GSQ QIRSW HI ½PIMVEW RnS WI HIZIQ YXMPM^EV JYWuZIMW STXERHS TSV HM QIRWMSREV SW GEFSW TEVE WYTSVXEV EW GSV VIWTSRHIRXIW GSVVIRXIW HI GYVXS GMVGYMXS
*MKYVE -RWXEPEpnS HI QzHYPS JSXSZSPXEMGS WSFVI WYTIVJuGMI
*MKYVE 1SHIPS GSRGITXYEP HI YQ WMWXIQE JSXSZSPXEMGS *SRXI .MVS 3LRS
7EFIRHS HI ERXIQnS UYI IWXI XIQE RIGIW WMXE HI QEMW MRJSVQEpnS I IWGPEVIGMQIRXSW ETVIWIRXEQ WI EUYM EPKYQEW RSVQEW QEMW MQTSVXERXIW E VIXIV EUYERHS HI YQ TVSNIG XS I HI YQE MRWXEPEpnS JSXSZSPXEMGE % uRXIKVE HEW RSVQEW GSRWXE HS PMZVS UYI MVj WIV TYFPM GEHS WSFVI MRWXEPEp~IW WSPEVIW JSXSZSPXEMGEW
58
(uSHSW HI FPSUYIMS )WXIW HuSHSW Wz HIZIQ WIV YXMPM^EHSW TEVE QzHYPSW UYI RnS GYQTVEQ E TVSXIGpnS 'PEWWI -- 2SVQEPQIRXI IWXIW HuSHSW WnS MR XVSHY^MHSW RE GEM\E HI NYRpnS KIVEP HS KIVE HSV NYRXEQIRXI GSQ HMWWMTEHSVIW HI GEPSV % RSVQE -)' HM^ RSW UYI SW HuSHSW HI FPSUYIMS HI GEHE ½PIMVE RnS WnS