HU VWDULQJ EDFN EXW D IDPLOLDU IDFH ZHOFRPLQJ =2/ 8998;=>73=B =8 4837 =2/ 6+7B 8=2/; 0+-/< ZKR PDNH $UL]RQD JUHDW %2+= 3< @2B @/ 2+?/ -;/+=/. =2/ 8;;3<87 7<=3=>=/ +=378 !>,53- !853-B /7=/; @23-2 ZLOO RÌ&#x2021;FLDOO\ ODXQFK ODWHU WKLV IDOO :H ZDQW WR <2+;/ .+=+ +7+5B</< .3+581>/ +7. 9;84/-=387< IRU D WUXH UHÃ&#x20AC;HFWLRQ RI KRZ $UL]RQD /DWLQRV ¿W 37=8 ;3C87+N< 0>=>;/ =2;8>12 9>,53- 9853-B 7KH FHQWHU¶V ¿UVW SXEOLFDWLRQ B9J?>1WC =5B79>7 "1D9>? ,?D5 08; /A+695/ 78=/. =2+= ,B
+7. 9/;2+9< <887/; =2/ + =378 ?8=/ @355 -2+71/ =2/ 9853=3-+5 5+7.<-+9/ 37 ;3C87+ .>/ =8 =2/ 5+;1/ 7>6,/; 80 B8>71 +=378< -86371 80 ?8=/; +1/ 7/ -+7 <9/->5+=/ +,8>= @2+= =2/ 7/@ @+?/ 80 +=378 ?8=/;< 6312= 6/+7 8;/ 'HPRFUDWV JHWWLQJ HOHFWHG" 0RUH /DWLQR IULHQGO\ SROLWLFV DQG SROLFLHV" 0RUH PRGHUDWH 5HSXEOLFDQV" 0RUH LQGHSHQGHQW HOHFWHG RÌ&#x2021;FLDOV" %2/ 37.3<9>=+,5/ 0+-= ;/6+37< =2+= + 1+6/ -2+71371 -;/<= 80 +=378 ?8=/;< 3< -86 371 /681;+923-< 78= 8937387 8; /68=387 =/55 >< =2+= /7-8>;+1/ B8> =8 ;/+. =2/ 7/@ ;/98;= ,B 355 +;= +7. /.,/;1 +?+35+,5/ 08; .8@758+. += =2/ +=378 !>,53- !853-B /7=/; @/,9+1/ += #?BB9C?> >CD9DED5 1CE 54E "1D9>?C $OWKRXJK WKH &HQWHU ZRQ¶W RÌ&#x2021;FLDOO\ 5+>7-2 >7=35 -=8,/; =2/ 7/@ @/,9+1/ +5 ;/+.B 2+< 6+7B +=378 ;/5+=/. ,581< <=>.3/< ?3./8< +7. ;/98;=< ,B =2/ 8;;3<87 7<=3=>=/ 37-5>.371 =2/ +08;/6/7=387/. B?@@54 ;/98;= 568<= +55 @/;/ .87/ 9;38; =8 =2/ /7 =/;N< /<=+,53<26/7= +--/7=>+=371 =2/ 3698; =+7-/ 80 =2/ /7=/;N< -;/+=387 +7. ;85/ %2/ +=378 !>,53- !853-B /7=/;N< 63< <387 3< <3695/ >7./;<=+7.371 28@ +=378 9>,53- 9853-B 95+B< 37=8 =2/ 5+;1/; -87=/A= 80 ;3C87+N< 9>,53- 9853-B 37 =/;6< 80 /.>-+=387 ZRUNIRUFH GHYHORSPHQW WKH HFRQRP\ KHDOWK FDUH JRYHUQDQFH DQG RWKHU NH\ DUHDV
%2/ 8;;3<87 7<=3=>=/ -/5/,;+=371 3=< =2 B/+; 80 7879+;=3<+7 +7. 37./9/7./7= 9>,53- 9853-B ;/</+;-2 @355 -87=37>/ @3=2 3=< 5+;1/; 63<<387 =< +=378 !>,53- !853-B /7 =/; @355 -+;;B =2/ 8;;3<87 ,;+7. +7. ;/9> =+=387 +7. 78= ,/ +7 +.?8-+=/ 08; +7B -+></ RWKHU WKDQ IXUWKHULQJ WKH VWDWH¶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Ì&#x2020;RUW DV LV HYLGHQW LQ WKH URVWHU RI DGYLVRU\ ,8+;. 6/6,/;< = + ;/-/7= ,8+;. 6//=371 87/ 6/6,/; 6+B 2+?/ <+3. 3= ,/<= ,B 78=371 =2+= =2/ 7/@ +=378 !>,53- !853-B /7=/; 3< 78= </9+;+=/ 0;86 =2/ 8;;3<87 7<=3=>=/ ,>= + 7/-/<<+;B -8695/6/7= =2+= -87=;3,>=/< + <2+;9/; 08->< +7. .3<-39537/. +==/7=387 87 +=378 9>,53SROLF\ WKDW ZLOO EHQH¿W $UL]RQD DV D ZKROH 78=2/; 6/6,/; <+3. =2+= <2/ 289/. @/ @8>5.7N= 7//. + +=378 !>,53- !853-B /7=/; LQ RU \HDUV 6KH KRSHG WKDW E\ WKHQ ;3C87+ @8>5. 2+?/ + ,/==/; >7./;<=+7.371 80 +55 3=< -3=3C/7;BN< 7//.< 87 +--8>7= 80 -2+71 371 ./681;+923-< +7. + 2/312=/7/. +@+;/ QHVV RI /DWLQR SXEOLF SROLF\ LVVXHV ± WKDQNV LQ SDUW WR ZRUN E\ WKH QHZ &HQWHU
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