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1SFESJWJOH DIFDLT BOE BEKVTUNFOUT
41"
*/5&3*03 536/, -*% 3&-&"4&
8"3/*/(
$MPTFMZ TVQFSWJTF DIJMESFO XIFO UIFZ BSF
BSPVOE DBST UP QSFWFOU UIFN GSPN QMBZJOH
BOE CFDPNJOH MPDLFE JO UIF USVOL XIFSF
UIFZ DPVME CF TFSJPVTMZ JOKVSFE ,FFQ UIF DBS
MPDLFE XJUI UIF USVOL MJE TFDVSFMZ MBUDIFE
XIFO OPU JO VTF BOE QSFWFOU DIJMESFOT
BDDFTT UP *OUFMMJHFOU ,FZT
5IF JOUFSJPS USVOL MJE SFMFBTF NFDIBOJTN
BMMPXT PQFOJOH PG UIF USVOL MJE JO UIF FWFOU
UIBU QFPQMF CFDPNF MPDLFE JOTJEF UIF USVOL
PS JO UIF FWFOU PG UIF MPTT PG FMFDUSJDBM
QPXFS TVDI BT B EJTDIBSHFE CBUUFSZ
3FMFBTJOH JOTJEF UIF USVOL
5P PQFO UIF USVOL MJE GSPN UIF JOTJEF QVMM
UIF SFMFBTF IBOEMF
*
VOUJM UIF MPDL
SFMFBTFT BOE QVTI VQ PO UIF USVOL MJE
5IF SFMFBTF MFWFS JT NBEF PG B NBUFSJBM UIBU
HMPXT JO UIF EBSL BGUFS B CSJFG FYQPTVSF UP
BNCJFOU MJHIU
5IF IBOEMF JT MPDBUFE PO UIF CBDL PG UIF
USVOL MJE BT JMMVTUSBUFE
3FMFBTJOH GSPN UIF SFBS TFBU
:PV DBO BDDFTT UIF SFMFBTF IBOEMF UISPVHI
UIF USVOL QBTTUISPVHI SFBS TFBU BSNSFTU
4FF g"SNSFTUu 1
5P PQFO UIF USVOL MJE GSPN UIF SFBS TFBU
QVMM UIF SFMFBTF IBOEMF UPXBSET GSPOU PG
WFIJDMF VOUJM UIF MPDL SFMFBTFT
*G ZPV DBOOPU SFBDI UIF SFMFBTF IBOEMF
DPOUBDU BO */'*/*5* SFUBJMFS
41"
01&/*/( 5)& '6&-'*--&3 %003
5P PQFO UIF GVFMGJMMFS EPPS VOMPDL UIF GVFM
GJMMFS EPPS CZ VTJOH POF PG UIF GPMMPXJOH
PQFSBUJPOT UIFO QVTI UIF VQQFS MFGU TJEF PG
UIF EPPS
. 5PVDI UIF POF UPVDI VOMPDL TFOTPS PO
POF PG UIF GSPOU EPPS IBOEMFT BOE UIFO
QVTI UIF EPPS IBOEMF SFRVFTU TXJUDI
XIJMF DBSSZJOH UIF *OUFMMJHFOU ,FZ
. 1VTI UIF 6/-0$, CVUUPO PO UIF *OUFMMJ
HFOU ,FZ UXJDF
. *OTFSU UIF NFDIBOJDBM LFZ JOUP UIF EPPS
MPDL DZMJOEFS BOE UVSO JU UP UIF SFBS PG
UIF WFIJDMF UXJDF
'6&-'*--&3 %003
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