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5IFSF JT B TNBMM SFTFSWF PG GVFM SFNBJOJOH
JO UIF UBOL XIFO UIF GVFM HBVHF SFBDIFT
UIF FNQUZ QPTJUJPO
-PX XBTIFS GMVJE XBSOJOH
5IJT XBSOJOH BQQFBST XIFO UIF XBTIFS
UBOL GMVJE JT BU B MPX MFWFM "EE XBTIFS GMVJE
BT OFDFTTBSZ 4FF g8JOEPX XBTIFS GMVJEu
1
%PPSUSVOL PQFO XBSOJOH
5IJT XBSOJOH BQQFBST JG BOZ PG UIF EPPST
BOEPS UIF USVOL MJE BSF PQFO PS OPU DMPTFE
TFDVSFMZ 5IF WFIJDMF JDPO JOEJDBUFT XIJDI
EPPS PS UIF USVOL MJE JT PQFO PO UIF EJTQMBZ
*OUFMMJHFOU ,FZ TZTUFN XBSOJOH
5IJT XBSOJOH BQQFBST JG UIFSF JT B NBMGVOD
UJPO JO UIF *OUFMMJHFOU ,FZ TZTUFN
*G UIJT XBSOJOH BQQFBST XIJMF UIF FOHJOF JT
TUPQQFE UIF FOHJOF DBOOPU CF TUBSUFE *G
UIJT XBSOJOH BQQFBST XIJMF UIF FOHJOF JT
SVOOJOH UIF WFIJDMF DBO CF ESJWFO )PX
FWFS DPOUBDU BO */'*/*5* SFUBJMFS GPS SFQBJS
BT TPPO BT QPTTJCMF
-PPTF 'VFM $BQ XBSOJOH
5IJT XBSOJOH BQQFBST XIFO UIF GVFMGJMMFS
DBQ JT OPU UJHIUFOFE DPSSFDUMZ BGUFS UIF
WFIJDMF IBT CFFO SFGVFMFE 4FF g'VFMGJMMFS
DBQu 1
5JSF 1SFTTVSF -PX "EE "JS
XBSOJOH
5IJT XBSOJOH BQQFBST XIFO UIF MPX UJSF
QSFTTVSF XBSOJOH MJHIU JO UIF NFUFS JMMVNJ
OBUFT BOE MPX UJSF QSFTTVSF JT EFUFDUFE 5IF
XBSOJOH BQQFBST FBDI UJNF UIF JHOJUJPO
TXJUDI JT QMBDFE JO UIF 0/ QPTJUJPO BT MPOH
BT UIF MPX UJSF QSFTTVSF XBSOJOH MJHIU
SFNBJOT JMMVNJOBUFE *G UIJT XBSOJOH BQ
QFBST TUPQ UIF WFIJDMF BOE BEKVTU UIF
QSFTTVSF UP UIF SFDPNNFOEFE $0-% UJSF
QSFTTVSF TIPXO PO UIF 5JSF BOE -PBEJOH
*OGPSNBUJPO MBCFM 4FF g-PX UJSF QSFTTVSF
XBSOJOH MJHIUu 1 BOE g5JSF 1SFTTVSF
.POJUPSJOH 4ZTUFN 51.4u 1
'MBU 5JSF 7JTJU EFBMFS XBSOJOH JG
TP FRVJQQFE
5IJT XBSOJOH BQQFBST XIFO UIF MPX UJSF
QSFTTVSF XBSOJOH MJHIU JO UIF NFUFS JMMVNJ
OBUFT BOE POF PS NPSF GMBU UJSFT BSF
EFUFDUFE XIJMF ESJWJOH " DIJNF BMTP
TPVOET GPS BQQSPYJNBUFMZ TFDPOET
4FF g-PX UJSF QSFTTVSF XBSOJOH MJHIUu
1 BOE g5JSF 1SFTTVSF .POJUPSJOH
4ZTUFN 51.4u 1
-PX PJM QSFTTVSF XBSOJOH
5IJT XBSOJOH BQQFBST JG MPX FOHJOF PJM
QSFTTVSF JT EFUFDUFE *G UIF XBSOJOH
BQQFBST EVSJOH OPSNBM ESJWJOH QVMM PGG
UIF SPBE JO B TBGF BSFB TUPQ UIF FOHJOF
JNNFEJBUFMZ BOE DBMM BO */'*/*5* SFUBJMFS PS
PUIFS BVUIPSJ[FE SFQBJS TIPQ
5IF MPX PJM QSFTTVSF XBSOJOH JT OPU
EFTJHOFE UP JOEJDBUF B MPX PJM MFWFM 6TF
UIF EJQTUJDL UP DIFDL UIF PJM MFWFM 4FF
g&OHJOF PJMu 1
"MM8IFFM %SJWF "8% XBSOJOH
JG TP FRVJQQFE
5IJT XBSOJOH BQQFBST XIFO UIF *OUFMMJHFOU
"MM8IFFM %SJWF "8% TZTUFN JT OPU
GVODUJPOJOH QSPQFSMZ XIJMF UIF FOHJOF JT
SVOOJOH 4FF g*OUFMMJHFOU "MM8IFFM %SJWF
"8%u 1
&YUFOEFE TUPSBHF GVTF XBSOJOH
5IJT XBSOJOH NBZ BQQFBS JG UIF FYUFOEFE
TUPSBHF GVTF TXJUDI JT OPU QVTIFE JO
TXJUDIFE PO 8IFO UIJT XBSOJOH BQQFBST
QVTI JO TXJUDI PO UIF FYUFOEFE TUPSBHF
GVTF TXJUDI UP UVSO PGG UIF XBSOJOH 'PS
NPSF JOGPSNBUJPO TFF g&YUFOEFE TUPSBHF
GVTF TXJUDIu 1
*OTUSVNFOUT BOE DPOUSPMT
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