A SERVICE OF

logo

Open as PDF
next previous

(DV\JDLQWXQLQJ
(DV\JDLQWXQLQJ(DV\JDLQWXQLQJ
(DV\JDLQWXQLQJ
&
&&
&2
22
21
11
17
77
75
55
52
22
2/
//
/


 (DV\JDLQWXQLQJ
(DV\JDLQWXQLQJ(DV\JDLQWXQLQJ
(DV\JDLQWXQLQJ


 3DUDPHWHU
3DUDPHWHU3DUDPHWHU
3DUDPHWHU


 (DV\JDLQWXQLQJH[HFXWLRQSURFHGXUH
(DV\JDLQWXQLQJH[HFXWLRQSURFHGXUH(DV\JDLQWXQLQJH[HFXWLRQSURFHGXUH
(DV\JDLQWXQLQJH[HFXWLRQSURFHGXUH


 6HWWLQJHDV\JDLQWXQLQJHQDEOHLQ3UHDV\JDLQWXQLQJVHOHFWLRQ
6HWWLQJHDV\JDLQWXQLQJHQDEOHLQ3UHDV\JDLQWXQLQJVHOHFWLRQ6HWWLQJHDV\JDLQWXQLQJHQDEOHLQ3UHDV\JDLQWXQLQJVHOHFWLRQ
6HWWLQJHDV\JDLQWXQLQJHQDEOHLQ3UHDV\JDLQWXQLQJVHOHFWLRQ


 6WDUWVLJQDO
6WDUWVLJQDO6WDUWVLJQDO
6WDUWVLJQDO
3UHVV RU WRHVWLPDWHWKHORDGLQHUWLDUDWLRRUFDOFXODWHJDLQDQ\WLPH
7KHRSHUDWLRQFRPPDQGIRUH[WHUQDORSHUDWLRQLVWKH67)RU675VLJQDO
7KHUDWLRRIWKHORDGLQHUWLDWRWKHPRWRULQHUWLDORDGLQHUWLDPRPHQWUDWLRLVHVWLPDWHGLQUHDOWLPHIURPWKH
WRUTXHFRPPDQGDQGVSHHGGXULQJPRWRURSHUDWLRQWRDXWRPDWLFDOO\VHWWKHRSWLPXPJDLQVIRUVSHHGFRQWURO
SRVLWLRQFRQWUROIURPWKDWUDWLRDQGUHVSRQVHOHYHOVHWWLQJ
3DUDPHWHU
3DUDPHWHU3DUDPHWHU
3DUDPHWHU 1DPH
1DPH1DPH
1DPH
)DFWRU\
)DFWRU\)DFWRU\
)DFWRU\
6HWWLQJ
6HWWLQJ6HWWLQJ
6HWWLQJ
6HWWLQJ5DQJH
6HWWLQJ5DQJH6HWWLQJ5DQJH
6HWWLQJ5DQJH 5HPDUNV
5HPDUNV5HPDUNV
5HPDUNV

(DV\JDLQWXQLQJ
UHVSRQVHOHYHOVHWWLQJ
WR
6HWWKHUHVSRQVHOHYHO
6ORZUHVSRQVHWR)DVWUHVSRQVH

(DV\JDLQWXQLQJ
VHOHFWLRQ

1RWXQLQJ
:LWKORDGHVWLPDWLRQZLWKJDLQFDOFXODWLRQ
0DQXDOORDGLQSXW3UZLWKJDLQ
FDOFXODWLRQ
3U6HWWLQJ
3U6HWWLQJ3U6HWWLQJ
3U6HWWLQJ 'HVFULSWLRQ
'HVFULSWLRQ'HVFULSWLRQ
'HVFULSWLRQ
IDFWRU\VHWWLQJ
• (DV\JDLQWXQLQJLVLQYDOLG
• 1RQHRIWKHORDGLQHUWLDUDWLRSRVLWLRQFRQWUROJDLQDQGVSHHGFRQWUROJDLQYDOXHVDUHXSGDWHG
• (DV\JDLQWXQLQJLVYDOLG
•(DFKFRQWUROJDLQLVDXWRPDWLFDOO\VHWIURPWKHORDGLQHUWLDUDWLRHVWLPDWHGGXULQJDFFHOHUDWLRQ
GHFHOHUDWLRQRSHUDWLRQDQGWKH3UHDV\JDLQWXQLQJUHVSRQVHOHYHOVHWWLQJYDOXH
• 3UORDGLQHUWLDUDWLRLVXVHGDVWKHLQLWLDOYDOXHRIWKHORDGLQHUWLDUDWLRIRUWXQLQJ(VWLPDWHG
YDOXHLVVHWLQ3UGXULQJWXQLQJ
• 8VHGZKHQWKHORDGLQHUWLDUDWLRFDQQRWEHHVWLPDWHGZHOOGXHWRORDGGLVWXUEDQFHDQGVXFKRUZKHQ
WKHORDGLQHUWLDUDWLRLVNQRZQLQDGYDQFHIRUH[DPSOH$WWKLVWLPHWKHORDGLQHUWLDUDWLRLVQRW
HVWLPDWHGDQGHDFKFRQWUROJDLQLVDXWRPDWLFDOO\VHWIURPWKH3UORDGLQHUWLDUDWLRVHWWLQJ
IDFWRU\VHWWLQJDQG3UHDV\JDLQWXQLQJUHVSRQVHOHYHOVHWWLQJYDOXH
5(0$5.6
5(0$5.65(0$5.6
5(0$5.6
:KHQRULVVHWLQ3UHDV\JDLQWXQLQJVHOHFWLRQDQGWKHQUHWXUQHGWRWXQLQJUHVXOWVZKLFKDUHDXWRPDWLFDOO\VHW
LQHDFKSDUDPHWHUUHPDLQXQFKDQJHG


 6HWWLQJ WKH UHVSRQVH OHYHO LQ
6HWWLQJ WKH UHVSRQVH OHYHO LQ6HWWLQJ WKH UHVSRQVH OHYHO LQ
6HWWLQJ WKH UHVSRQVH OHYHO LQ
3U  HDV\ JDLQ WXQLQJ
3U  HDV\ JDLQ WXQLQJ3U  HDV\ JDLQ WXQLQJ
3U  HDV\ JDLQ WXQLQJ
UHVSRQVHOHYHOVHWWLQJ
UHVSRQVHOHYHOVHWWLQJUHVSRQVHOHYHOVHWWLQJ
UHVSRQVHOHYHOVHWWLQJ
5HIHU WR WKH GLDJUDP RQ WKH ULJKW DQG
VHWWKHUHVSRQVHOHYHO
,QFUHDVLQJ WKH YDOXH ZLOO LPSURYH
WUDFNDELOLW\ WR WKH FRPPDQG EXW WRR
KLJK YDOXH ZLOOJHQHUDWH YLEUDWLRQ 7KH
UHODWLRQVKLS EHWZHHQ WKH VHWWLQJ DQG
UHVSRQVHOHYHODUHVKRZQRQWKHULJKW
/DUJHFRQYH\RU
$UPURERW
3UHFLVLRQ
PDFKLQHWRRO
*HQHUDOPDFKLQH
WRROFRQYH\RU
3UVHWWLQJ
5HVSRQVHOHYHO
*XLGHOLQHRIPDFKLQH
UHVRQDQFHIUHTXHQF\
+]
6ORZ
UHVSRQVH
)DVW
UHVSRQVH
0LGGOH
UHVSRQVH
             
 
):' 5(9