PS423
DE
FR
IT
'(876&+
(1(5*,(()),=,(1=
3URGXNWLQIRUPDWLRQHQJHP¦¡(8
0RGHOOLGHQWLILNDWLRQ
36
.RFKIHOGW\S
(LQEDX.RFKIHOG
$Q]DKOGHU.RFK]RQHQ
+HL]WHFKQRORJLH
(OHNWURNRFKSODWWH
'XUFKPHVVHUGHUNUHLVಣ
I¸UPLJHQ.RFK]RQHQ
9RUQHOLQNV
+LQWHQOLQNV
9RUQHUHFKWV
+LQWHQUHFKWV
FP
FP
FP
FP
(QHUJLHYHUEUDXFKSUR
.RFK]RQH (&HOHFWULF
FRRNLQJ
9RUQHOLQNV
+LQWHQOLQNV
9RUQHUHFKWV
+LQWHQUHFKWV
:KNJ
:KNJ
:KNJ
:KNJ
(QHUJLHYHUEUDXFKGHV
.RFKIHOGV (&HOHFWULF
KRE
:KNJ
(1(OHNWULVFKH.RFKJHU¦WHI¾U
GHQ+DXVJHEUDXFK7HLO.RFKIHOGHU
9HUIDKUHQ]XU0HVVXQJGHU
*HEUDXFKVHLJHQVFKDIWHQ
ವ
(QHUJLHVSDUHQ
ವ
%HDFKWHQ6LHIROJHQGH7LSSVXPEHLP
W¦JOLFKHQ.RFKHQ(QHUJLH]XVSDUHQ
ವ
ವ
ವ
ವ
:HQQ6LH:DVVHUHUZ¦UPHQ
YHUZHQGHQ6LHQXUGLHEHQ¸WLJWH
0HQJH
'HFNHQ6LH.RFKJHVFKLUUZHQQ
P¸JOLFKPLWHLQHP'HFNHODE
ವ
6WHOOHQ6LH.RFKJHVFKLUUDXIGLH
.RFK]RQHEHYRU6LHVLHHLQVFKDOWHQ
'HU%RGHQGHV.RFKJHVFKLUUVVROOWH
GHQVHOEHQ'XUFKPHVVHUZLHGLH
.RFK]RQHKDEHQ
6WHOOHQ6LHNOHLQHUHV.RFKJHVFKLUUDXI
GLHNOHLQHUHQ.RFK]RQHQ
6WHOOHQ6LHGDV.RFKJHVFKLUUPLWWLJ
DXIGLH.RFK]RQH
1XW]HQ6LHGLH5HVWZ¦UPHXPGLH
6SHLVHQZDUP]XKDOWHQRGHU]X
VFKPHO]HQ
5(1'(0(171(5*7,48(
,QIRUPDWLRQVGHSURGXLWVHORQODQRUPH(8
,GHQWLILFDWLRQGXPRGªOH
36
7\SHGHWDEOHGHFXLVVRQ
7DEOHGHFXLVVRQ
LQW«JU«H
1RPEUHGH]RQHVGH
FXLVVRQ
7HFKQRORJLHGHFKDXIIDJH 3ODTXHGHFXLVಣ
VRQ
'LDPªWUHGHV]RQHVGH
FXLVVRQFLUFXODLUHV
$YDQWJDXFKH
$UULªUHJDXFKH
$YDQWGURLWH
$UULªUHGURLWH
FP
FP
FP
FP
&RQVRPPDWLRQG «QHUJLH
VHORQOD]RQHGHFXLVVRQ
(&HOHFWULFFRRNLQJ
$YDQWJDXFKH
$UULªUHJDXFKH
$YDQWGURLWH
$UULªUHGURLWH
:KNJ
:KNJ
:KNJ
:KNJ
&RQVRPPDWLRQG «QHUJLH
GHODWDEOHGHFXLVVRQ
(&HOHFWULFKRE
:KNJ
1RUPH(1$SSDUHLOVGH
FXLVVRQ«OHFWURGRPHVWLTXHV3DUWLH
7DEOHVGHFXLVVRQ0«WKRGHVGH
PHVXUHGHO DSWLWXGH¢ODIRQFWLRQ
ವ
FRQRPLHG «QHUJLH
ವ
9RXVSRXYH]«FRQRPLVHUGHO «QHUJLHDX
TXRWLGLHQHQVXLYDQWOHVFRQVHLOV
VXLYDQWV
ವ
ವ
ವ
6LYRXVIDLWHVFKDXIIHUGHO HDXQH
IDLWHVFKDXIIHUTXHODTXDQWLW«GRQW
YRXVDYH]U«HOOHPHQWEHVRLQ
6LSRVVLEOHFRXYUH]WRXMRXUVOHV
U«FLSLHQWVGHFXLVVRQDYHFXQ
FRXYHUFOHSHQGDQWODFXLVVRQ
ವ
ವ
$FWLYH]WRXMRXUVOD]RQHGHFXLVVRQ
DSUªVDYRLUSRV«OHU«FLSLHQWGHVVXV
/HIRQGGXU«FLSLHQWGRLWDYRLUOH
P¬PHGLDPªWUHTXHOD]RQHGH
FXLVVRQ
3ODFH]OHVSOXVSHWLWVU«FLSLHQWVVXU
OHVSOXVSHWLWHV]RQHVGHFXLVVRQ
3RVH]GLUHFWHPHQWOHU«FLSLHQWDX
FHQWUHGHOD]RQHGHFXLVVRQ
9RXVSRXYH]XWLOLVHUODFKDOHXU
U«VLGXHOOHSRXUFRQVHUYHUOHVDOLPHQWV
DXFKDXGRXSRXUIDLUHIRQGUH
,7$/,$12
()),&,(1=$(1(5*(7,&$
,QIRUPD]LRQLSURGRWWRFRQIRUPLDOODQRUPD8(
,GHQWLILFDWLYRPRGHOOR
36
7LSRGLSLDQRGLFRWWXUD
3LDQRGLFRWWXUD
GDLQFDVVR
1XPHURGL]RQHGLFRWWXUD 7HFQRORJLDGLFDORUH
3LDVWUDHOHWWULFD
'LDPHWURGHOOH]RQHGL
FRWWXUDFLUFRODUL
$QWHULRUHVLQLVWUD
3RVWHULRUHVLQLVWUD
$QWHULRUHGHVWUD
3RVWHULRUHGHVWUD
FP
FP
FP
FP
&RQVXPRGLHQHUJLDSHU
]RQDGLFRWWXUD (&HOHFಣ
WULFFRRNLQJ
$QWHULRUHVLQLVWUD
3RVWHULRUHVLQLVWUD
$QWHULRUHGHVWUD
3RVWHULRUHGHVWUD
:KNJ
:KNJ
:KNJ
:KNJ
&RQVXPRHQHUJHWLFRGHO SLDQRGLFRWWXUD (&HOHFಣ
WULFKRE
(1$SSDUHFFKLDWXUHHOHWWULFKH
SHUODFRWWXUDSHUXVRGRPHVWLFR3DUWH
3LDQLGLFRWWXUD0HWRGLSHUOD
PLVXUD]LRQHGHOOHSUHVWD]LRQL
5LVSDUPLRHQHUJHWLFR
:KNJ
ವ
6HSRVVLELOHFRSULUHVHPSUHOH
SHQWROHFRQLOFRSHUFKLR
ವ
3ULPDGLDWWLYDUHOD]RQDGLFRWWXUD
VLVWHPDUHODSHQWROD
,OIRQGRGHOODSHQWRODGHYHDYHUHOR
VWHVVRGLDPHWURGHOOD]RQDGLFRWWXUD
6LVWHPDUHOHSHQWROHSL»SLFFROHVXOOH
]RQHGLFRWWXUDSL»SLFFROH
3RVL]LRQDUHOHSHQWROHGLUHWWDPHQWHDO
FHQWURGHOOD]RQDGLFRWWXUD
8WLOL]]DUHLOFDORUHUHVLGXRSHU
PDQWHQHUHFDOGLLFLELRIRQGHUOL
ವ
SRVVLELOHULVSDUPLDUHHQHUJLD
TXRWLGLDQDPHQWHGXUDQWHODFRWWXUD
VHJXHQGRLVXJJHULPHQWLFKHVHJXRQR
ವ
ವ
ವ
4XDQGRVLULVFDOGDO DFTXDXWLOL]]DUH
VRORODTXDQWLW¢QHFHVVDULD
867320882-B-332015
ವ
">
