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-D UHFLPR NDU VH WLßH VWLNRY ßH JRYRULPR R GUX ÊLQVNLK VWLNLK LPDP ERGLVL VRURGQLNH QD HQL NRW GUXJL VWUDQL PHMH WLVWL VR QRUPDOQL VWLNL .DU SD VH WLßH SUL MDWHOMVWHY LQ WDNR LPDP SULMDWHOMVWYD Y JODYQHP Y 7UVWX UD]HQSULMDWHOMVWHYNLVRVH]JUDGLODQDXQLYHU]LDPSDN Y JODYQHP VSDGDMR YHGQR Y VORYHQVNR RNROMH SULSDG QLFDVORYHQVNHPDQMÊLQHOHW
9Há NRW SRORYLFD SULSDGQLNRY VORYHQVNH PDQMÊLQH MH Y RNYLUX NYDQWLWDWLYQH UD]LVNDYH GHMDOD GD VRYRNROMXYNDWHUHPÌLYLMRQMLKRYLSULMDWHOMLYHáLQRPD 6ORYHQFL WRUHM SULSDGQLNL PDQMÊLQVNH VNXSQRVWL PHG WHPNRMHPHGSULSDGQLNLLWDOLMDQVNHPDQMÊLQH]JROM RGVWRWND WDNLK NL VR GHMDOL GD VR QMLKRYL SULMDWHOML YH áLQRPD ,WDOLMDQL 5D]OLND Y VWLNLK ] YHáLQVNLP SUHEL YDOVWYRP MH ]JROM HGHQ RG YLGLNRY YHáMH ]DSUWRVWL VOR
YHQVNHPDQMÊLQHYSULPHUMDYL]LWDOLMDQVNRYHá6HGPDN NLVHVLFHUNDÌHÊHYYHáMLVWRSQMLHWQLáQRPHÊDQLK ]YH] PDQMÊL HWQLáQL UD]QROLNRVWL VRURGVWYHQLK YH]L LQ SRGREQR,]QDYHGHQHJDLQYSRYH]DYLVKLSRWH]RVWLND ODKNR SUHGYLGHYDPR GD MH WRYUVWQD ]DSUWRVW VORYHQVNH PDQMÊLQVNH VNXSQRVWL UH]XOWDW GOMH WUDMDMRáHJD REáXWND RJURÌHQRVWL NDWHUHJD GHO VR WXGL SRJRVWHMÊL L]ND]L QH VWUSQRVWL LQ GLVNULPLQDWRUQR YHGHQMH Y YVDNGDQMHP ÌLY OMHQMX
=DSUWRVWQDY]YHQVLFHU]D]QDYDMRLQSUREOHPDWL]LUDMR WXGL QHNDWHUL SULSDGQLNL VORYHQVNH PDQMÊLQH VDPL .RW QDYDMDHGHQYLGQHMÊLKYMDYQRVWLDNWLYQLKSUHGVWDYQLNRY VORYHQVNHPDQMÊLQH
7HEL VORYHQVND GUXÊED QH VPH ELWL GRYROM PRUDÈ VSR]QDWLGUXÊERYNDWHULÊLYLÈQHVPHÈVH]DSUHWPRUDÈ VRGHORYDW]YHßLQVNLPLLQPRUDÈELWLSUDYWDNRQDYH]DQ QDPDWLßQRGRPRYLQREUH]WHJDQHJUHSRPRMH0RUDÈ ÊLYHWYVYRMHPRNROMXPDWXGLYGYHKVRVHGQMLKNLVHWH GRWLNDWD NHU VL GHO QMLK 1D GUXJDßHQ QDßLQ SD VL GHO QMLK 7R MH WLVWR NDU QDP PDUVLNGR NDNÈHQ NUDW XSUDYL ßHQRGRVWLNUDWSDQHXSUDYLßHQRUHßHMRGDVHSDß]DSL UDPRYVYRMNURJGDVHJHWL]LUDPRSULSDGQLNVORYHQVNH PDQMÊLQHOHW
'HORPD ODKNR UD]OLNH NL VH NDÌHMR Y VWLNLK ] YH áLQVNLPSUHELYDOVWYRPSRMDVQLPRWXGL]]HORUD]OLáQLP GRÌLYOMDQMHP RNROMD Y NDWHUHP SULSDGQLNL PDQMÊLQH ÌLYLMRJUDI
]HORVWUSQR VWUSQR QLWLVWUSQRQLWL
QHVWUSQR QLVWUSQR ]HORQHVWUSQR 6ORYHQFL ,WDOLMDQL
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àHSULSDGQLNLLWDOLMDQVNHPDQMÊLQHYHáLQRPDREáXWLMR VYRMH RNROMH NRW VWUSQR SD MH PHG SULSDGQLNL VORYHQVNH PDQMÊLQH OH RGVWRWND DQNHWLUDQLK NL JD REáXWLMRNRWWDNHJD,]RGJRYRURYLQIRUPDQWRYLQLQIRU PDQWN MH UD]YLGQR GD VH RNROMH SULVRWQRVWL VORYHQVNH PDQMÊLQH SUHFHM PDQM ]DYHGD LQ MR WXGL PDQM VSUHMHPD W VLJ 'DLWDOLMDQVNDYHáLQDVODERSR]QD VORYHQVNR PDQMÊLQR NDÌH WXGL L]MDYD SULSDGQLFH VOR YHQVNHPDQMÊLQHVL]DQHNDWHUHQH]DYVHWHPRMH VNXSLQH ,WDOLMDQRY VL HNVRWLND VNRUDM QH 1HNDWHUL NOMXEWHPXGDVRÊLYHOLYHGQRY7UVWXVSORKQLVR]QDOL
>YHGHOL RS@ GD REVWDMD VORYHQVND PDQMÈLQD QHSUL SDGQLFDVORYHQVNHPDQMÊLQHOHW3DÊHHQRPQHQMH NL SULáD R WHP GD VORYHQVND PDQMÊLQD QL YVHOHM GRYROM YLGQD
9ßDVLK MD YßDVLK QH>DOL MH PDQMÊLQD GRYROM YNOMX áHQDYMDYQRÌLYOMHQMHRNROMDYNDWHUHPÌLYLRS@NHU MD] SRQDYOMDP PLVOLP NRW ÈROD NRW XVWDQRYD Y NDWHUL SDß SRXßXMHP LQ VHP GHMDQVNR LPDPR WH VWLNH ]LWD OLMDQVNLPL ÈRODPL LQ WDNUDW SRVHEQR WLVWL NL VR Y WLVWHP GRORßHQHPDPELHQWXQDVSDßSR]QDMRLQYHGRGDVPR 9ßDVLKYGUXJHPRNROMXSDVHNDNÈQLYHUMHWQRWHJDVSORK QH ]DYHGDMR QH YHP NDNR 9 SRVDPH]QLK RGVHNLK UH FLPR GUXÊEH VH QHNDWHUL ]DYHGDMR GD REVWDMDPR WXGL
6ORYHQFLY7UVWXYGUXJLKPRPHQWLK]JOHGDNRWGDQDV QLSULSDGQLFDVORYHQVNHPDQMÊLQHOHW
9WHPRNYLUXLQYOXáLSUHMRPHQMHQHWHRULMHVRFLDOQH LGHQWLWHWH 7DMIHO 7XUQHU MH ]DQLPLY RGJRYRU LQ IRUPDQWNHNLVHEHGHILQLUDNRWSULSDGQLFRVNXSQRVWLNL QLYHßLQVNDLQVHNRWWDNDQHSRáXWLVSUHMHWRYRNROMXQD PHGVNXSLQVNL UDYQL NRW SULSDGQLFD GRORáHQH VNXSLQH áHSUDY VH QD LQGLYLGXDOQL UDYQL NRW SRVDPH]QLFD Y RNROMXSRáXWLVSUHMHWR
9 7UVWX PD QH SRYVHP PLVOLP .RW SRVDPH]QLN PRJRßH ÈH $PSDN NRW SULSDGQLN VNXSQRVWL NL QL YH ßLQVNDPRJRßHQHWDNR QRUPDOQRVSUHMHWR6LFHU VH VR VH VWYDUL PDOR SUHPDNQLOH QD EROMÈH DPSDN NOMXE YVHPXPLVOLPGDELQLVSUHMHWRWRNRWQHNDMQRUPDOQHJD LQSR]LWLYQHJDWXNDMY7UVWXSULSDGQLFDVORYHQVNHPDQM ÊLQHOHW
6SORÊQRREáXWMHVSUHMHWRVWLREáDVQR]DVHQáLMRLQGLYL GXDOQLL]ND]LQHVSUHMHWRVWL
0LVOLP GD VH SRßXWLP VSUHMHWHJD 5D]HQ Y NDNÈQLK RNROLÈßLQDK NMHU VH QH SRßXWLP VSUHMHWHJD NHU WL GDMR ßXWLWGDQLVLWDSUDYLEROMNRWGDQLVLGRPDSULSDGQLN VORYHQVNHPDQMÊLQHOHW
3ULSDGQLNL LWDOLMDQVNH PDQMÊLQH SRJRVWHMH L]UDÌDMR REáXWHQMHVSUHMHWRVWLYRNROMX
6H SRßXWLP VSUHMHWR SR GUXJL VWUDQL SD VH SRßXWLP NRW6DMVHQHREUHPHQMXMHMRNDMGRVWLßHVLSULSDGQLN
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DOLSD
6SUHMHPD DEVROXWQR 1LPDP QREHQLK SUREOHPRY 1H RG VRVHGRY QH Y VOXÊEL WDP NMHU VHP GHODOD ] OMXGPL3RQDYOMDPßHVLßORYHNVLßORYHNÞHQLVLQLVL SULSDGQLFDLWDOLMDQVNHPDQMÊLQHOHW
2NROMHY NDWHUHPÌLYLMR SULSDGQLNL PDQMÊLQ VH UD]
OLNXMH WXGL JOHGH RG]LYRY QD MDYQR XSRUDER PDQMÊLQ VNHJD MH]LND NRW HQHJD NOMXáQLK HOHPHQWRY VNXSLQVNH PDQMÊLQVNH LGHQWLWHWH -H]LN MH QDPUHá HGHQ QDMYLG QHMÊLKHOHPHQWRYHWQLáQHJD]DWRVHQDSULPHURSXÊáDQMH Y]RUFHY MH]LNRYQH UDEH RELáDMQR SRYH]XMH ] PDQMÊR LVWRYHWQRVWMR]GRORáHQRHWQLáQRVNXSQRVWMR1HßDN/N 3RORYLFD SULSDGQLNRY LWDOLMDQVNH PDQMÊLQH ÊH QL GRÌLYHOD QHJDWLYQHJD RG]LYD RNROLFH RE XSRUDEL PDQM ÊLQVNHJDMH]LNDPHGWHPNRMHGHOHÌPHGSULSDGQLNLVOR YHQVNHPDQMÊLQHSUHFHMQLÌML6HMHSDSUHFHMÊHQ GHOHÌ SULSDGQLNRY WDNR HQH NRW GUXJH PDQMÊLQH YVDM HQNUDWVRRáLO]QHJDWLYQLPRG]LYRPQDUDERPDWHUQHJD MH]LND Y RNROLFL 1HJDWLYHQ RG]LY MH GRÌLYHOR RG VWRWND SULSDGQLNRY VORYHQVNH LQ RGVWRWND SULSDG
3ULSDGQLNL VORYHQVNH PDQMÊLQH VR Y JUDILáQLK LQ WDEHODUQLK SULND]LK RSUHGHOMHQL NRW 6ORYHQFL SULSDGQLNL LWDOLMDQVNH SD NRW ,WDOLMDQL áHSUDYVHVDPLQDMSRJRVWHMHRSUHGHOMXMRNRWSULSDGQLNLPDQMÊLQHR]QHNDMYPHVQSU6HGPDN
,QWKHGLDJUDPVDQGWDEOHVWKHPHPEHUVRIWKH6ORYHQHPLQRULW\DUHGHILQHGDV6ORYHQHVDQGWKHPHPEHUVRIWKH,WDOLDQPLQRULW\DV ,WDOLDQVHYHQLIWKH\XVXDOO\GHILQHWKHPVHOYHVDVWKHPHPEHUVRIWKHPLQRULW\RUDVSHRSOHLQEHWZHHQFI6HGPDN
QLNRY LWDOLMDQVNH PDQMÊLQH $b VLJ 7XGL UD]LVNDYH R VWDOLÊáLK GR MH]LNRYQH UD]QROLNRVWL Y QDURG QRVWQRPHÊDQLKREPRáMLKY6ORYHQLML1HßDN/N 1RYDN/XNDQRYLáVRSRND]DOHGDMHYVORYHQVNL ,VWULGYRMH]LáQRVWGREURVSUHMHWD5D]OLáQHRG]LYHRNROL FHREXSRUDELPDQMÊLQVNHJDMH]LNDODKNRSRMDVQLPRWXGL ]GUXJDáQLPVWDWXVRPNLJDLPDWDVORYHQVNLLQLWDOLMDQVNL MH]LN 9 6ORYHQLML LQ SUHG WHP ÊH Y -XJRVODYLML MH ÌH Y RNYLUXáOHQDXVWDYHGRORáHQRGDMHQDREPRáMLKY NDWHULK ÌLYL LWDOLMDQVND VNXSQRVW LWDOLMDQVNL MH]LN WXGL XUDGQL MH]LN GYRMH]LáQRVW PHGWHP NR YDUVWYR VORYHQ VNHJDMH]LNDVORQLQDÊHVWHPáOHQXLWDOLMDQVNHXVWDYHNL GRORáD GD LWDOLMDQVND GUÌDYD V SRVHEQLPL XNUHSL ÊáLWL MH]LNRYQH PDQMÊLQH SUHGYVHP SD QD QRYHMÊHP ]DÊáLW QHP]DNRQXL]OHWDNLGRORáDSUHGSLVH]DYDUVWYR VORYHQVNH MH]LNRYQH PDQMÊLQH GHÌHOH )XUODQLMH-XOLMVNH NUDMLQHVHSDÊHQHL]YDMDGRVOHGQR
GD]HOR
SRJRVWR GDREþDVQR GDUHGNR ]JROMHQNUDW QH VHQH VSRPQLP 6ORYHQFL ,WDOLMDQL
*UDI$OLVWH]DUDGLMDYQHXSRUDEHVYRMHJDPDWHUQHJD PDQMÉLQVNHJD MH]LND NGDM GRËLYHOL QHJDWLYHQ RG]LY RNROLFH]DVPHKRYDQMHËDOLWHY"
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= QHJDWLYQLPL L]NXÊQMDPL VR VH RE UDEL PDWHUQHJD MH]LND VUHáHYDOL LQIRUPDQWNH LQ LQIRUPDQWL SULSDGQLNL REHKPDQMÊLQáHSUDYMLKSULSDGQLNLLWDOLMDQVNHPDQMÊLQH L]UDÌDMRQHNROLNRPDQMSRJRVWR
3D UHFLPR ELO MH HQNUDW HQ SULPHU Y DYWREXVX NR VYD]EUDWRPELODGHOHÊQDHQHJDQDSDGDQHYHPßHMH ELO VDPR HGHQ DOL GYD PRUGD NDNÈQD VWDUHMÈD SUHQD SHWHÊD >@ -H SD REVWDMDORYHUMHWQR ÈH REVWDMD YVDM HQ
QHQDSLVDQ NRW QHNH YUVWH QHQDSLVDQR SUDYLOR GD MH Y GRORßHQLK NUDMLK Y 7UVWX EROMÈH QH JRYRULW VORYHQVNR SULSDGQLNVORYHQVNHPDQMÊLQHY,WDOLMLOHW
3RGREQDL]NXÊQMDSULSDGQLFHLWDOLMDQVNHPDQMÊLQH 9,]ROLVHMHGRJDMDORWDNUDWYWLVWHPßDVXVHGDMQH YHPßH VH ÈH GRJDMD XSDP GD QH WROLNR 6R QDV VWLJ PDWL]LUDOL>@-DRGÊDOMLYNGRJUGHJDYHGHQMDWDNRQD XOLFL ßH VL VH SRJRYDUMDO LWDOLMDQVNR QH VDPR RG POD GLQHNLSDßKRßHELWLSURWLßHPHUNROL7XGLSRFHVWLßH VPR VH NDM SRJRYDUMDOL SD QLVPR KRWHOL YVLOMHYDWL GUX JLPDPSDNWDNRGRVWLNUDWVRELOLNDNÈQLNRPHQWDUML6HM VL Y 6ORYHQLML JRYRUL VORYHQVNR SULSDGQLFD LWDOLMDQVNH PDQMÊLQHOHW
3ULSDGQLNL REHK PDQMÊLQ VR VH SRJRVWR VUHáHYDOL ] QHSULMHWQLPL PHGYUVWQLÊNLPL L]NXÊQMDPL Y RWURÊNLK LQ PODGRVWQLÊNLKOHWLK
1RQHNDMGRJRGNRYMHELORVLFHUYUDQLPODGRVWLNR MHREPODGLQVNLKDOLSDRWURÈNLKLQFLGHQWLKQHNGRNULßDO ,WDOLDQRPDQJLD SDQR PDQJLD UHSD GRSR FUHSD 7DNR GD WDNUDW VPR VH ]DYHGDOL LQ XWUMHYDOL QDÈR QDURGQR ]DYHVWSULSDGQLNLWDOLMDQVNHPDQMÊLQHOHW
DOLSD
.R VHP ELO PDMKHQ VHP LPHO QHNDMNUDW WDNÈQH SUREOHPHNRVRPLPDORQDJDMDOL.HUVHPJRYRULOPDOR VODEÈH'RVWLVODEÈHVODERVHPJRYRULO=HORVODER,QVR PH]DIUNDYDOL=DWRWXGLV6ORYHQFLVWLNRYQLVHPLPHO QLWLPRMLOHWQLNLVRELOLVWDUHMÈL,QVHQLVHPGUXÊLO]QMLPL ,Q VHP LPHO VDPR SULMDWHOMH LWDOLMDQVNH PDQMÈLQHSUL SDGQLNLWDOLMDQVNHPDQMÊLQHOHW
9 SUHWHNORVWL SD VR ELOL SRJRVWR GHOHÌQL WXGL WHÌMLK REOLNGLVNULPLQDFLMH
-DQHVDPR]DVPHKRYDQMDWXGLEROMNUXWHVWYDULVR VH GRJDMDOH 7R GD NR VHP LVNDOD VWDQRYDQMH VR PL UHNOLGDVROMXGMHNLLPDMRSUHGQRVWSUHGQDPLPHGWHP SDNRVRELOHKLÈHNLVRELOH]JUDMHQHY.RSUXVRELOH KLÈHPRMLKVRURGQLNRYLQWDPQRWULVHQLVPRVPHOLYVHOLWL ]DUDGL WHJD NHU VR SUDYLOL GD LPDMR SUHGQRVW GUXJL OMXGMH VH SUDYL WLVWL NL VR VH SUHVHOLOL Y .RSHUSULSDG QLFDLWDOLMDQVNHPDQMÊLQHOHW
2GJRYRUL R REáXWNLK VSUHMHWRVWL Y RNROMX VLFHU ND ÌHMRGDVHYQDVSURWMXVVORYHQVNRPDQMÊLQRSULSDGQLNL LWDOLMDQVNH PDQMÊLQH QD HQL VWUDQL Y RNROMX Y NDWHUHP ÌLYLMR SUDY]DSUDY SRáXWLMR VSUHMHWH LQ QH SUREOHPD WL]LUDMR RGQRVD YHáLQVNHJD SUHELYDOVWYD GR QMLK áHSUDY VRELOLREáDVQRLQ]ODVWLQHSDL]NOMXáQRYSUHWHNORVWL GHOHÌQL SUHFHMÊQMLK L]UD]RY QHVWUSQRVWL Y YVDNGDQMHP ÌLYOMHQMXRáHPHUSULáDMRRGJRYRULLQIRUPDQWNLQLQIRU PDQWRY'YRMQRVWYRGQRVXYHáLQVNHJD SUHELYDOVWYD GR SULSDGQLNRY LWDOLMDQVNH PDQMÊLQH R NDWHUL SLÊH 6HGPDN VHNDÌHYWHPGDMHQDHQLVWUDQLSULVRWQRVW LWDOLMDQVNH PDQMÊLQH Y RNROMX SUHFHM VDPRXPHYQD LQ YLGQD SUHNR GYRMH]LáQRVWL SRXáHYDQMD LWDOLMDQVNHJD
=EDGOMLYND,WDOLMDQMpNUXKMpUHSRQDWRXPUH
MH]LND RG RVQRYQHJD ÊRODQMD GDOMH LWG LQ ]DWR WXGL VSORÊQR VSUHMHWD QD GUXJL VWUDQL SD MH ELOR ]ODVWL Y RE GREMXSRGUXJLVYHWRYQLYRMQLLQYVDMÊHGRVHGHPGHVHWLK OHW SUHMÊQMHJD VWROHWMD PRá ]D]QDWL SUHFHMÊQMR QDVWURMH QRVW GR ,WDOLMDQRY LQ LWDOLMDQVNHJD MH]LND VDM VH JD MH SRYH]RYDOR V IDÊL]PRP 6SUHMHWRVW LWDOLMDQVNH PDQMÊLQH VHNDÌHWXGLYRGJRYRUXLQIRUPDQWNH
,PDPR SURVWR SUDYLFR ÞH VH GYH RVHEL SR JRYDUMDWD LWDOLMDQVNR VUHGL XOLFH QREHQ VH QH ER REUQLO QH OHYR QH GHVQR PLVOLP QH YHP ßH VL QHNMH VUHGL /MXEOMDQH LQ JRYRULÈ QSU LWDOLMDQVNR GYH RVHEL VH VUHßDWDPHOMHWDSRLWDOLMDQVNRWHERQHNGRSRJOHGDO7X SDQLWLWLNLVRVWDOQLQLWLVHQHREUQHMRQHSULSDGQLFD LWDOLMDQVNHPDQMÊLQHOHW
1DáLQ L]UDÌDQMD SUHGVRGNRY VH Y SR]QL PRGHUQL VSUHPLQMD REHQHP SD SULKDMD GR NYDOLWDWLYQLK VSUH PHPE Y L]UDÌDQMX SUHGVRGNRY NL VH WDNR NDÌHMR SUHG YVHP VNR]L L]RJLEDQMH VWLNRY V SULSDGQLNL GRORáHQLK GUXÌEHQLK VNXSLQ *UH ]D WDNR LPHQRYDQL SULNULWL UDVL ]HP NL VH QH NDÌH NRW RGNULWR VRYUDÊWYR GR GRORáHQLK GUXÌEHQLK VNXSLQ WHPYHá VNR]L SUH]UWMH LQ SDVLYQR RGNODQMDQMH RE KNUDWQHP IDYRUL]LUDQMX VYRMH GUXÌEHQH VNXSLQH 8OH D 0RUHELWL VH WRYUVWQR L]RJLEDQMH RGVOLNXMHYSUHMRPHQMHQHPGHMVWYXGDLPDMRSULSDGQLNL VORYHQVNHPDQMÊLQHPDQMVWLNRYVSULSDGQLNLYHáLQVNHJD SUHELYDOVWYD NDNRU SULSDGQLNL LWDOLMDQVNH PDQMÊLQH 1H JOHGH QD QDYHGHQR SRJRYRUL V SULSDGQLNL LQ SULSDGQL FDPLVORYHQVNHPDQMÊLQHY,WDOLMLNDÌHMRGDVRELOLL]ND]L QDFLRQDOL]PD LQ GLVNULPLQDWRUQR YHGHQMH SRGREQR ND NRU SUL SULSDGQLNLK LWDOLMDQVNH PDQMÊLQH VLFHU EROM SRX GDUMHQLYSUHWHNORVWLYHQGDUVRÊH]PHUDMSUHFHMSULVRWQL -DWXNDMY7UVWXVHMHPDUVLNGDMVOLÈDORWXGLNDVQHMH WDNR >QH ]JROM PHG RWURNL @ ,Q WXGL SUHG OHWL NR VHP SHOMDODRWURNDYEROQLFRNLÈHQL]QDOJRYRULWLLWDOLMDQVNR VRPLQDUHGLOLRSD]NR-HLPHOGYH OHWL ÈH VORYHQVNR MH ]QDO VODER 7DNR VH GRÊLYL YßDVLK MD PD SDß VSDGD ]UDYHQSULSDGQLFDVORYHQVNHPDQMÊLQHOHW
,QIRUPDQWND R RGQRVLK PHG VORYHQVNR PDQMÊLQR LQ LWDOLMDQVNRYHáLQRNLÊH]PHUDMQLVR]DGRYROMLYL
>@ YHOLNR VODEÈH MH ELOR GRVWL OHW QD]DM 0LVOLP SRßDVL VH MH VLWXDFLMD VSUHPHQLOD UHFLPR Y EROMÈH RGQRVH=GDMYVDNHWROLNRVH]JRGLGDJUHPRVSHWQD]DM GYDNRUDNDQDSUHMSDHQHJDQD]DMSULSDGQLFDVORYHQVNH PDQMÊLQHOHW
3DÊHL]NXÊQMDLQIRUPDQWD
1D IDNXOWHWL PRUGD GD MH ELOR YßDVLK PRUGD PDOR WUHQMD QD RGGHONX ]D ]JRGRYLQR NR VR ELOH YßDVLK NDNÈQHWHPHRQDÈLEOLÊQMLSROSUHWHNOL]JRGRYLQL-HELOR PRUGD YßDVLK PDOFH WUHQMD 9Hß VHP GRÊLYHO GUXJMH UHFLPRYÈSRUWXPHGWHNPDPLVHPLJUDOYHQLVORYHQVNL HNLSLLQSRWHPYLWDOLMDQVNLNMHUVHMHELOERMNRÈDUNDQH VDPR JOHGH ÊRJH YßDVLK WXGL YHUEDOQL 6H VSRPQLP QDVSURWQLNRY GD VR ELOH NDNÈQH WLSLßQH SVRYNH NRW VR SULQDVJOHGH6ORYHQFHY7RHGLQRSULSDGQLNVORYHQVNH PDQMÊLQHOHW
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