1. Home
  2. Honda
  3. Honda 2018 CB500F User Manual

Honda 2018 CB500F Street Standard

Product's Documents

Below are documents related to this product, you can read online or download:
Main documentSpecificationQuestions and answersRelateds Products

User Manual

This is the main product document for model 2018 CB500F.

The file format is pdf, 140 pages, you can download this manual here .

background
&RQWHQWV
0RWRUF\FOH6DIHW\ 3
2SHUDWLRQ*XLGH 3
0DLQWHQDQFH 3
7URXEOHVKRRWLQJ 3
,QIRUPDWLRQ 3
6SHFLILFDWLRQV 3
,QGH[ 3
CB500F/FA
31MJWB20 MOM 16413 (1708)
background
:HOFRPH
&RQJUDWXODWLRQVRQ\RXUSXUFKDVHRIDQHZ
+RQGDPRWRUF\FOH<RXUVHOHFWLRQRID
+RQGDPDNHV\RXSDUWRIDZRUOGZLGHIDPLO\
RIVDWLVILHGFXVWRPHUVZKRDSSUHFLDWH
+RQGDVUHSXWDWLRQIRUEXLOGLQJTXDOLW\LQWR
HYHU\SURGXFW
7RHQVXUH\RXUVDIHW\DQGULGLQJSOHDVXUH
5HDGWKLVRZQHUVPDQXDOFDUHIXOO\
)ROORZDOOUHFRPPHQGDWLRQVDQG
SURFHGXUHVFRQWDLQHGLQWKLVPDQXDO
3D\FORVHDWWHQWLRQWRVDIHW\PHVVDJHV
FRQWDLQHGLQWKLVPDQXDODQGRQWKH
PRWRUF\FOH
7RSURWHFW\RXULQYHVWPHQWZHXUJH\RXWR
WDNHUHVSRQVLELOLW\IRUNHHSLQJ\RXU
PRWRUF\FOHZHOOVHUYLFHGDQGPDLQWDLQHG
$OVRREVHUYHWKHEUHDNLQJXLGHOLQHVDQG
DOZD\VSHUIRUPWKHSUHULGHLQVSHFWLRQDQG
RWKHUSHULRGLFFKHFNVLQWKLVPDQXDO
:KHQVHUYLFHLVUHTXLUHGUHPHPEHUWKDW
\RXU+RQGDGHDOHUNQRZV\RXUPRWRUF\FOH
EHVW,I\RXKDYHWKHUHTXLUHGPHFKDQLFDO
´NQRZKRZµDQGWRROV\RXFDQSXUFKDVHDQ
RIILFLDO+RQGD6HUYLFH0DQXDOWRKHOS\RX
SHUIRUPPDQ\PDLQWHQDQFHDQGUHSDLUWDVNV
2 3
5HDGWKHZDUUDQW\LQIRUPDWLRQWKRURXJKO\VR
WKDW\RXXQGHUVWDQGWKHZDUUDQW\FRYHUDJH
DQGWKDW\RXDUHDZDUHRI\RXUULJKWVDQG
UHVSRQVLELOLWLHV
2 3
<RXPD\DOVRZDQWWRYLVLWRXUZHEVLWHDW
ZZZSRZHUVSRUWVKRQGDFRP
&DQDGD
ZZZKRQGDFD
+DSS\ULGLQJ
background
$)HZ:RUGV$ERXW6DIHW\
<RXUVDIHW\DQGWKHVDIHW\RIRWKHUVLVYHU\
LPSRUWDQW2SHUDWLQJWKLVPRWRUF\FOHVDIHO\LV
DQLPSRUWDQWUHVSRQVLELOLW\
7RKHOS\RXPDNHLQIRUPHGGHFLVLRQVDERXW
VDIHW\ZHKDYHSURYLGHGRSHUDWLQJ
SURFHGXUHVDQGRWKHULQIRUPDWLRQRQVDIHW\
ODEHOVDQGLQWKLVPDQXDO7KLVLQIRUPDWLRQ
DOHUWV\RXWRSRWHQWLDOKD]DUGVWKDWFRXOG
KXUW\RXRURWKHUV
2IFRXUVHLWLVQRWSUDFWLFDORUSRVVLEOHWR
ZDUQ\RXDERXWDOOKD]DUGVDVVRFLDWHGZLWK
RSHUDWLQJRUPDLQWDLQLQJDPRWRUF\FOH<RX
PXVWXVH\RXURZQJRRGMXGJPHQW
<RXZLOOILQGLPSRUWDQWVDIHW\LQIRUPDWLRQLQD
YDULHW\RIIRUPVLQFOXGLQJ
6DIHW\ODEHOVRQWKHPRWRUF\FOH
6DIHW\0HVVDJHVSUHFHGHGE\DVDIHW\DOHUW
V\PERO
DQGRQHRIWKUHHVLJQDOZRUGV
'$1*(5:$51,1*RU&$87,21
7KHVHVLJQDOZRUGVPHDQ
3
'$1*(5
<RX:,//EH.,//('RU6(5,286/<
+857LI\RXGRQ·WIROORZLQVWUXFWLRQV
3
:$51,1*
<RX&$1EH.,//('RU6(5,286/<
+857LI\RXGRQ·WIROORZLQVWUXFWLRQV
3
&$87,21
<RX&$1EH+857LI\RXGRQ·WIROORZ
LQVWUXFWLRQV
2WKHULPSRUWDQWLQIRUPDWLRQLV
SURYLGHGXQGHUWKHIROORZLQJWLWOHV
127,&(
,QIRUPDWLRQWRKHOS\RXDYRLG
GDPDJHWR\RXUPRWRUF\FOH
RWKHUSURSHUW\RUWKH
HQYLURQPHQW
background
6DIHW\*XLGHOLQHV3
6DIHW\/DEHOV 3
6DIHW\3UHFDXWLRQV 3
5LGLQJ3UHFDXWLRQV  3
$FFHVVRULHV0RGLILFDWLRQV 3
/RDGLQJ  3
7KLVVHFWLRQFRQWDLQVLPSRUWDQWLQIRUPDWLRQIRUVDIHULGLQJRI\RXUPRWRUF\FOH
3OHDVHUHDGWKLVVHFWLRQFDUHIXOO\
0RWRUF\FOH6DIHW\
background
6DIHW\*XLGHOLQHV
)ROORZWKHVHJXLGHOLQHVWRHQKDQFH\RXUVDIHW\
3HUIRUPDOOURXWLQHDQGUHJXODULQVSHFWLRQV
VSHFLILHGLQWKLVPDQXDO
6WRSWKHHQJLQHDQGNHHSVSDUNVDQGIODPH
DZD\EHIRUHILOOLQJWKHIXHOWDQN
'RQRWUXQWKHHQJLQHLQHQFORVHGRUSDUWO\
HQFORVHGDUHDV&DUERQPRQR[LGHLQ
H[KDXVWJDVHVLVWR[LFDQGFDQNLOO\RX
$OZD\V:HDUD+HOPHW
,WVDSURYHQIDFWKHOPHWVDQGSURWHFWLYH
DSSDUHOVLJQLILFDQWO\UHGXFHWKHQXPEHUDQG
VHYHULW\RIKHDGDQGRWKHULQMXULHV6RDOZD\V
ZHDUDQDSSURYHGPRWRUF\FOHKHOPHWDQG
SURWHFWLYHDSSDUHO
2 3
%HIRUH5LGLQJ
0DNHVXUHWKDW\RXDUHSK\VLFDOO\ILWPHQWDOO\
IRFXVHGDQGIUHHRIDOFRKRODQGGUXJV&KHFN
WKDW\RXDQG\RXUSDVVHQJHUDUHERWKZHDULQJ
DQDSSURYHGPRWRUF\FOHKHOPHWDQGSURWHFWLYH
DSSDUHO,QVWUXFW\RXUSDVVHQJHURQKROGLQJ
RQWRWKHVHDWVWUDSRU\RXUZDLVWOHDQLQJZLWK
\RXLQWXUQVDQGNHHSLQJWKHLUIHHWRQWKH
IRRWSHJVHYHQZKHQWKHPRWRUF\FOHLVVWRSSHG
7DNH7LPHWR/HDUQ3UDFWLFH
(YHQLI\RXKDYHULGGHQRWKHUPRWRUF\FOHV
SUDFWLFHULGLQJLQDVDIHDUHDWREHFRPHIDPLOLDU
ZLWKKRZWKLVPRWRUF\FOHZRUNVDQGKDQGOHV
DQGWREHFRPHDFFXVWRPHGWRWKHPRWRUF\FOHV
VL]HDQGZHLJKW
6DIHW\*XLGHOLQHV
0RWRUF\FOH6DIHW\
&RQWLQXHG
background
:HUHFRPPHQGWKDWDOOULGHUVWDNHDFHUWLILHG
FRXUVHDSSURYHGE\WKH0RWRUF\FOH6DIHW\
)RXQGDWLRQ06)1HZULGHUVVKRXOGVWDUWZLWK
WKHEDVLFFRXUVHDQGHYHQH[SHULHQFHGULGHUV
ZLOOILQGWKHDGYDQFHGFRXUVHEHQHILFLDO
)RULQIRUPDWLRQDERXWWKH06)WUDLQLQJFRXUVH
QHDUHVW\RXFDOOWKHQDWLRQDOWROOIUHHQXPEHU

86$
2WKHUULGLQJWLSVFDQEHIRXQGLQWKH<RX
DQG<RXU0RWRUF\FOH5LGLQJ7LSVERRNOHWWKDW
FDPHZLWK\RXUPRWRUF\FOH
5LGH'HIHQVLYHO\
$OZD\VSD\DWWHQWLRQWRRWKHUYHKLFOHVDURXQG
\RXDQGGRQRWDVVXPHWKDWRWKHUGULYHUVVHH
\RX%HSUHSDUHGWRVWRSTXLFNO\RUSHUIRUPDQ
HYDVLYHPDQHXYHU
0DNH<RXUVHOI(DV\WR6HH
0DNH\RXUVHOIPRUHYLVLEOHHVSHFLDOO\DWQLJKW
E\ZHDULQJEULJKWUHIOHFWLYHFORWKLQJSRVLWLRQLQJ
\RXUVHOIVRRWKHUGULYHUVFDQVHH\RXVLJQDOLQJ
EHIRUHWXUQLQJRUFKDQJLQJODQHVDQGXVLQJ
\RXUKRUQZKHQQHFHVVDU\
5LGHZLWKLQ<RXU/LPLWV
1HYHUULGHEH\RQG\RXUSHUVRQDODELOLWLHVRU
IDVWHUWKDQFRQGLWLRQVZDUUDQW)DWLJXHDQG
LQDWWHQWLRQFDQLPSDLU\RXUDELOLW\WRXVHJRRG
MXGJPHQWDQGULGHVDIHO\
'RQW'ULQNDQG5LGH
$OFRKRODQGULGLQJGRQWPL[(YHQRQHDOFRKROLF
GULQNFDQUHGXFH\RXUDELOLW\WRUHVSRQGWR
FKDQJLQJFRQGLWLRQVDQG\RXUUHDFWLRQWLPH
JHWVZRUVHZLWKHYHU\DGGLWLRQDOGULQN'RQW
GULQNDQGULGHDQGGRQWOHW\RXUIULHQGVGULQN
DQGULGHHLWKHU
6DIHW\*XLGHOLQHV
0RWRUF\FOH6DIHW\
background
.HHS<RXU+RQGDLQ6DIH&RQGLWLRQ
,WVLPSRUWDQWWRNHHS\RXUPRWRUF\FOHSURSHUO\
PDLQWDLQHGDQGLQVDIHULGLQJFRQGLWLRQ
,QVSHFW\RXUPRWRUF\FOHEHIRUHHYHU\ULGHDQG
SHUIRUPDOOUHFRPPHQGHGPDLQWHQDQFH1HYHU
H[FHHGORDGOLPLWV
2 3DQGGRQRWPRGLI\
\RXUPRWRUF\FOHRULQVWDOODFFHVVRULHVWKDW
ZRXOGPDNH\RXUPRWRUF\FOHXQVDIH
2 3
,I<RXDUH,QYROYHGLQD&UDVK
3HUVRQDOVDIHW\LV\RXUILUVWSULRULW\,I\RXRU
DQ\RQHHOVHKDVEHHQLQMXUHGWDNHWLPHWR
DVVHVVWKHVHYHULW\RIWKHLQMXULHVDQGZKHWKHULW
LVVDIHWRFRQWLQXHULGLQJ&DOOIRUHPHUJHQF\
DVVLVWDQFHLIQHHGHG$OVRIROORZDSSOLFDEOHODZV
DQGUHJXODWLRQVLIDQRWKHUSHUVRQRUYHKLFOHLV
LQYROYHGLQWKHFUDVK
,I\RXGHFLGHWRFRQWLQXHULGLQJILUVWWXUQWKH
LJQLWLRQVZLWFKWRWKH2))SRVLWLRQDQGHYDOXDWH
WKHFRQGLWLRQRI\RXUPRWRUF\FOH,QVSHFWIRU
IOXLGOHDNVFKHFNWKHWLJKWQHVVRIFULWLFDOQXWV
DQGEROWVDQGFKHFNWKHKDQGOHEDUFRQWURO
OHYHUVEUDNHVDQGZKHHOV5LGHVORZO\DQG
FDXWLRXVO\
<RXUPRWRUF\FOHPD\KDYHVXIIHUHGGDPDJH
WKDWLVQRWLPPHGLDWHO\DSSDUHQW+DYH\RXU
PRWRUF\FOHWKRURXJKO\FKHFNHGDWDTXDOLILHG
VHUYLFHIDFLOLW\DVVRRQDVSRVVLEOH
6DIHW\*XLGHOLQHV
0RWRUF\FOH6DIHW\
&RQWLQXHG
background
&DUERQ0RQR[LGH+D]DUG
([KDXVWFRQWDLQVSRLVRQRXVFDUERQPRQR[LGHD
FRORUOHVVRGRUOHVVJDV%UHDWKLQJFDUERQ
PRQR[LGHFDQFDXVHORVVRIFRQVFLRXVQHVVDQG
PD\OHDGWRGHDWK
,I\RXUXQWKHHQJLQHLQFRQILQHGRUHYHQSDUWO\
HQFORVHGDUHDWKHDLU\RXEUHDWKHFRXOG
FRQWDLQDGDQJHURXVDPRXQWRIFDUERQ
PRQR[LGH
1HYHUUXQ\RXUPRWRUF\FOHLQVLGHDJDUDJHRU
RWKHUHQFORVXUH
3
:$51,1*
5XQQLQJWKHHQJLQHRI\RXUPRWRUF\FOH
ZKLOHLQDQHQFORVHGRUHYHQSDUWLDOO\
HQFORVHGDUHDFDQFDXVHDUDSLGEXLOG
XSRIWR[LFFDUERQPRQR[LGHJDV
%UHDWKLQJWKLVFRORUOHVVRGRUOHVVJDV
FDQTXLFNO\FDXVHXQFRQVFLRXVQHVVDQG
OHDGWRGHDWK
2QO\UXQ\RXUPRWRUF\FOHVHQJLQH
ZKHQLWLVORFDWHGLQDZHOOYHQWLODWHG
DUHDRXWGRRUV
6DIHW\*XLGHOLQHV
0RWRUF\FOH6DIHW\
background
6DIHW\/DEHOV
6DIHW\DQGLQIRUPDWLRQODEHOVRQ\RXU
PRWRUF\FOHSURYLGHLPSRUWDQWVDIHW\
LQIRUPDWLRQDQGPD\ZDUQ\RXRISRWHQWLDO
KD]DUGVWKDWFRXOGFDXVHVHULRXVLQMXU\5HDG
WKHVHODEHOVFDUHIXOO\DQGGRQWUHPRYHWKHP
,IDODEHOFRPHVRIIRUEHFRPHVKDUGWRUHDG
FRQWDFW\RXUGHDOHUIRUDUHSODFHPHQW
6DIHW\/DEHOV
0RWRUF\FOH6DIHW\
&RQWLQXHG
background
6DIHW\/DEHOV
0RWRUF\FOH6DIHW\
background
6DIHW\3UHFDXWLRQV
5LGHFDXWLRXVO\DQGNHHS\RXUKDQGVRQWKH
KDQGOHEDUDQGIHHWRQWKHIRRWSHJV
.HHSSDVVHQJHUVKDQGVRQWRWKHVHDWVWUDS
RU\RXUZDLVWSDVVHQJHUVIHHWRQWKH
IRRWSHJVZKLOHULGLQJ
$OZD\VFRQVLGHUWKHVDIHW\RI\RXU
SDVVHQJHUDVZHOODVRWKHUGULYHUVDQG
ULGHUV
3URWHFWLYH$SSDUHO
0DNHVXUHWKDW\RXDQGDQ\SDVVHQJHUDUH
ZHDULQJDQDSSURYHGPRWRUF\FOHKHOPHWH\H
SURWHFWLRQDQGKLJKYLVLELOLW\SURWHFWLYH
FORWKLQJ5LGHGHIHQVLYHO\LQUHVSRQVHWR
ZHDWKHUDQGURDGFRQGLWLRQV
+HOPHW
6KRXOGEHVDIHW\VWDQGDUGFHUWLILHGKLJKYLVLELOLW\DQG
FRUUHFWVL]HIRU\RXUKHDG
0XVWILWFRPIRUWDEO\EXWVHFXUHO\ZLWKWKHFKLQVWUDS
IDVWHQHG
)DFHVKLHOGZLWKXQREVWUXFWHGILHOGRIYLVLRQRURWKHU
DSSURYHGH\HSURWHFWLRQ
86$
/RRNIRUD'27'HSDUWPHQWRI
7UDQVSRUWDWLRQFHUWLILFDWLRQODEHORQDQ\KHOPHW
\RXEX\
3
:$51,1*
1RWZHDULQJDKHOPHWLQFUHDVHVWKH
FKDQFHRIVHULRXVLQMXU\RUGHDWKLQD
FUDVK
0DNHVXUHWKDW\RXDQGDQ\SDVVHQJHU
DOZD\VZHDUDQDSSURYHGKHOPHWDQG
SURWHFWLYHDSSDUHO
*ORYHV
)XOOILQJHUOHDWKHUJORYHVZLWKKLJKDEUDVLRQUHVLVWDQFH
%RRWVRU5LGLQJ6KRHV
6WXUG\ERRWVZLWKQRQVOLSVROHVDQGDQNOHSURWHFWLRQ
-DFNHWDQG3DQWV
3URWHFWLYHKLJKO\YLVLEOHORQJVOHHYHGMDFNHWDQGGXUDEOH
ORQJSDQWVIRUULGLQJRUDSURWHFWLYHVXLW
6DIHW\3UHFDXWLRQV
0RWRUF\FOH6DIHW\
background
5LGLQJ3UHFDXWLRQV
%UHDNLQ3HULRG
'XULQJWKHILUVWPLOHVNPRIUXQQLQJ
IROORZWKHVHJXLGHOLQHVWRHQVXUH\RXU
PRWRUF\FOHVIXWXUHUHOLDELOLW\DQGSHUIRUPDQFH
$YRLGIXOOWKURWWOHVWDUWVDQGUDSLG
DFFHOHUDWLRQ
$YRLGKDUGEUDNLQJDQGUDSLGGRZQVKLIWV
5LGHFRQVHUYDWLYHO\
%UDNHV
2EVHUYHWKHIROORZLQJJXLGHOLQHV
$YRLGH[FHVVLYHO\KDUGEUDNLQJDQG
GRZQVKLIWLQJ
u 6XGGHQEUDNLQJFDQUHGXFHWKH
PRWRUF\FOHVVWDELOLW\
u :KHUHSRVVLEOHUHGXFHVSHHGEHIRUH
WXUQLQJRWKHUZLVH\RXULVNVOLGLQJRXW
([HUFLVHFDXWLRQRQORZWUDFWLRQVXUIDFHV
u 7KHWLUHVVOLSPRUHHDVLO\RQVXFK
VXUIDFHVDQGEUDNLQJGLVWDQFHVDUH
ORQJHU
$YRLGFRQWLQXRXVEUDNLQJ
u 5HSHDWHGEUDNLQJVXFKDVZKHQ
GHVFHQGLQJORQJVWHHSVORSHVFDQ
VHULRXVO\RYHUKHDWWKHEUDNHVUHGXFLQJ
WKHLUHIIHFWLYHQHVV8VHHQJLQHEUDNLQJ
ZLWKLQWHUPLWWHQWXVHRIWKHEUDNHVWR
UHGXFHVSHHG
)RUIXOOEUDNLQJHIIHFWLYHQHVVRSHUDWHERWK
WKHIURQWDQGUHDUEUDNHVWRJHWKHU
5LGLQJ3UHFDXWLRQV
0RWRUF\FOH6DIHW\

background
$QWLORFN%UDNH6\VWHP$%6
&%)$RQO\
7KLVPRGHOLVHTXLSSHGZLWKDQ$QWLORFN%UDNH
6\VWHP$%6GHVLJQHGWRKHOSSUHYHQWWKH
EUDNHVIURPORFNLQJXSGXULQJKDUGEUDNLQJ
$%6GRHVQRWUHGXFHEUDNLQJGLVWDQFH,Q
FHUWDLQFLUFXPVWDQFHV$%6PD\UHVXOWLQD
ORQJHUVWRSSLQJGLVWDQFH
$%6GRHVQRWIXQFWLRQDWVSHHGVEHORZ
PSKNPK
7KHEUDNHOHYHUDQGSHGDOPD\UHFRLOVOLJKWO\
ZKHQDSSO\LQJWKHEUDNHV7KLVLVQRUPDO
$OZD\VXVHWKHUHFRPPHQGHGIURQWUHDU
WLUHVDQGVSURFNHWVWRHQVXUHFRUUHFW$%6
RSHUDWLRQ
(QJLQH%UDNLQJ
(QJLQHEUDNLQJKHOSVVORZ\RXUPRWRUF\FOH
GRZQZKHQ\RXUHOHDVHWKHWKURWWOH)RUIXUWKHU
VORZLQJDFWLRQGRZQVKLIWWRDORZHUJHDU8VH
HQJLQHEUDNLQJZLWKLQWHUPLWWHQWXVHRIWKH
EUDNHVWRUHGXFHVSHHGZKHQGHVFHQGLQJORQJ
VWHHSVORSHV
:HWRU5DLQ\&RQGLWLRQV
5RDGVXUIDFHVDUHVOLSSHU\ZKHQZHWDQGZHW
EUDNHVIXUWKHUUHGXFHEUDNLQJHIILFLHQF\
([HUFLVHH[WUDFDXWLRQZKHQEUDNLQJLQZHW
FRQGLWLRQV
,IWKHEUDNHVJHWZHWDSSO\WKHEUDNHVZKLOH
ULGLQJDWORZVSHHGWRKHOSWKHPGU\
5LGLQJ3UHFDXWLRQV
0RWRUF\FOH6DIHW\

&RQWLQXHG
background
3DUNLQJ
3DUNRQDILUPOHYHOVXUIDFH
,I\RXPXVWSDUNRQDVOLJKWLQFOLQHRUORRVH
VXUIDFHSDUNVRWKDWWKHPRWRUF\FOHFDQQRW
PRYHRUIDOORYHU
0DNHVXUHWKDWKLJKWHPSHUDWXUHSDUWV
FDQQRWFRPHLQWRFRQWDFWZLWKIODPPDEOH
PDWHULDOV
'RQRWWRXFKWKHHQJLQHPXIIOHUEUDNHV
DQGRWKHUKLJKWHPSHUDWXUHSDUWVXQWLOWKH\
FRROGRZQ
7RUHGXFHWKHOLNHOLKRRGRIWKHIWDOZD\VORFN
WKHKDQGOHEDUDQGUHPRYHWKHNH\ZKHQ
OHDYLQJWKHPRWRUF\FOHXQDWWHQGHG
8VHRIDQDQWLWKHIWGHYLFHLVDOVR
UHFRPPHQGHG
3DUNLQJZLWKWKH6LGH6WDQG

6WRSWKHHQJLQH

3XVKWKHVLGHVWDQGGRZQ

6ORZO\OHDQWKHPRWRUF\FOHWRWKHOHIWXQWLOLWV
ZHLJKWUHVWVRQWKHVLGHVWDQG

7XUQWKHKDQGOHEDUIXOO\WRWKHOHIW
u 7XUQLQJWKHKDQGOHEDUWRWKHULJKW
UHGXFHVVWDELOLW\DQGPD\FDXVHWKH
PRWRUF\FOHWRIDOO

7XUQWKHLJQLWLRQVZLWFKWRWKH/2&.
SRVLWLRQDQGUHPRYHWKHNH\
2 3
5LGLQJ3UHFDXWLRQV
0RWRUF\FOH6DIHW\

background
5HIXHOLQJDQG)XHO*XLGHOLQHV
)ROORZWKHVHJXLGHOLQHVWRSURWHFWWKHHQJLQH
IXHOV\VWHPDQGFDWDO\WLFFRQYHUWHU
8VHRQO\XQOHDGHGJDVROLQH
8VHUHFRPPHQGHGRFWDQHQXPEHU8VLQJ
ORZHURFWDQHJDVROLQHZLOOUHVXOWLQ
GHFUHDVHGHQJLQHSHUIRUPDQFH
'RQRWXVHIXHOVFRQWDLQLQJDKLJK
FRQFHQWUDWLRQRIDOFRKRO
2 3
'RQRWXVHVWDOHRUFRQWDPLQDWHGJDVROLQH
RUDQRLOJDVROLQHPL[WXUH
$YRLGJHWWLQJGLUWRUZDWHULQWKHIXHOWDQN
5LGLQJ3UHFDXWLRQV
0RWRUF\FOH6DIHW\

background
$FFHVVRULHV
0RGLILFDWLRQV
:HVWURQJO\DGYLVHWKDW\RXGRQRWDGGDQ\
DFFHVVRULHVWKDWZHUHQRWVSHFLILFDOO\GHVLJQHG
RUDSSURYHGIRU\RXUPRWRUF\FOHE\+RQGDRU
PDNHPRGLILFDWLRQVWR\RXUPRWRUF\FOHIURPLWV
RULJLQDOGHVLJQ'RLQJVRFDQPDNHLWXQVDIH
0RGLI\LQJ\RXUPRWRUF\FOHPD\DOVRYRLG\RXU
ZDUUDQW\DQGPDNH\RXUPRWRUF\FOHLOOHJDOWR
RSHUDWHRQSXEOLFURDGVDQGKLJKZD\V%HIRUH
GHFLGLQJWRLQVWDOODFFHVVRULHVRQ\RXU
PRWRUF\FOHEHFHUWDLQWKHPRGLILFDWLRQLVVDIH
DQGOHJDO
3
:$51,1*
,PSURSHUDFFHVVRULHVRUPRGLILFDWLRQV
FDQFDXVHDFUDVKLQZKLFK\RXFDQEH
VHULRXVO\KXUWRUNLOOHG
)ROORZDOOLQVWUXFWLRQVLQWKLVRZQHUV
PDQXDOUHJDUGLQJDFFHVVRULHVDQG
PRGLILFDWLRQV
'RQRWSXOODWUDLOHUZLWKRUDWWDFKDVLGHFDUWR
\RXUPRWRUF\FOH<RXUPRWRUF\FOHZDVQRW
GHVLJQHGIRUWKHVHDWWDFKPHQWVDQGWKHLUXVH
FDQVHULRXVO\LPSDLU\RXUPRWRUF\FOHVKDQGOLQJ
$FFHVVRULHV0RGLILFDWLRQV
0RWRUF\FOH6DIHW\

background
/RDGLQJ
&DUU\LQJH[WUDZHLJKWDIIHFWV\RXU
PRWRUF\FOHVKDQGOLQJEUDNLQJDQGVWDELOLW\
$OZD\VULGHDWDVDIHVSHHGIRUWKHORDG\RX
DUHFDUU\LQJ
$YRLGFDUU\LQJDQH[FHVVLYHORDGDQGNHHS
ZLWKLQVSHFLILHGORDGOLPLWV
0D[LPXPZHLJKWFDSDFLW\
2 3
7LHDOOOXJJDJHVHFXUHO\HYHQO\EDODQFHG
DQGFORVHWRWKHFHQWHURIWKHPRWRUF\FOH
'RQRWSODFHREMHFWVQHDUWKHOLJKWVRUWKH
PXIIOHU
3
:$51,1*
2YHUORDGLQJRULPSURSHUORDGLQJFDQ
FDXVHDFUDVKDQG\RXFDQEHVHULRXVO\
KXUWRUNLOOHG
)ROORZDOOORDGOLPLWVDQGRWKHUORDGLQJ
JXLGHOLQHVLQWKLVPDQXDO
/RDGLQJ
0RWRUF\FOH6DIHW\

background
3DUWV/RFDWLRQ
2SHUDWLRQ*XLGH

0DLQIXVH
3
)URQWEUDNHOHYHU3
7KURWWOHJULS3
5HDUEUDNHIOXLGUHVHUYRLU3
5HDUEUDNHSHGDO
(QJLQHRLOILOWHU
3
(QJLQHRLOILOOFDS3
(QJLQHRLOOHYHOLQVSHFWLRQZLQGRZ
3
7RRONLW3
'RFXPHQWEDJ
3
5LJKWVLGHFRYHU3
)XHOILOOFDS3
)URQWEUDNHIOXLGUHVHUYRLU3
)URQWVXVSHQVLRQVSULQJSUHORDG
DGMXVWHU
3
(QJLQHRLOGUDLQEROW3
background
2SHUDWLRQ*XLGH

&OXWFKOHYHU3
)XVHER[
3
5HDUVXVSHQVLRQVSULQJ
SUHORDGDGMXVWHU
3
'ULYHFKDLQ3
6LGHVWDQG3
6KLIWOHYHU
3
)URQWVXVSHQVLRQVSULQJSUHORDG
DGMXVWHU
3
)URQWVHDW3
%DWWHU\3
5HDUVHDW3
&RRODQWUHVHUYHWDQN3
&UDQNFDVHEUHDWKHU3
$LUFOHDQHU
3
background
,QVWUXPHQWV
2SHUDWLRQ*XLGH

6(7
EXWWRQ
'LVSOD\&KHFN
:KHQWKHLJQLWLRQVZLWFKLVWXUQHGWRWKH21SRVLWLRQDOOWKHPRGHDQGGLJLWDO
VHJPHQWVZLOOVKRZ,IDQ\SDUWRIWKHVHGLVSOD\VGRHVQRWFRPHRQZKHQLWVKRXOG
KDYH\RXUGHDOHUFKHFNIRUSUREOHPV
6(/
EXWWRQ
background
2SHUDWLRQ*XLGH

&RQWLQXHG
5HPDLQLQJIXHOZKHQRQO\VW(VHJPHQWVWDUWVIODVKLQJ
DSSUR[LPDWHO\86JDO/
)XHOJDXJH
,IWKHIXHOJDXJHLQGLFDWRUIODVKHVLQDUHSHDWSDWWHUQRUWXUQVRII
3
&ORFNKRXUGLVSOD\
7RVHWWKHFORFN
3
6SHHGRPHWHU
7DFKRPHWHUUHG]RQH
H[FHVVLYHHQJLQHUSPUDQJH
7DFKRPHWHU
127,&(
'RQRWRSHUDWHWKHHQJLQHLQWKH
WDFKRPHWHUUHG]RQH([FHVVLYHHQJLQH
VSHHGFDQDGYHUVHO\DIIHFWHQJLQHOLIH
background
2SHUDWLRQ*XLGH

,QVWUXPHQWV&RQWLQXHG
2GRPHWHU>727$/@7ULSPHWHU>75,3$%@&XUUHQWIXHOPLOHDJHPHWHU
$YHUDJHIXHOPLOHDJHPHWHU>$9*@)XHOFRQVXPSWLRQPHWHU
6(/
EXWWRQVHOHFWVWKHRGRPHWHUWULSPHWHU$WULSPHWHU%FXUUHQWIXHOPLOHDJHDYHUDJHIXHO
PLOHDJHDQGIXHOFRQVXPSWLRQ
u 7RUHVHWWKHWULSPHWHU
3
3UHVV
6(/
EXWWRQ
:KHQWKHVW(VHJPHQWRI
IXHOJDXJHVWDUWVIODVKLQJ
5HVHUYHIXHOFRQVXPSWLRQ
3
2GRPHWHU 7ULSPHWHU$ 7ULSPHWHU% &XUUHQWIXHO
PLOHDJH
$YHUDJHIXHO
PLOHDJH
)XHO
FRQVXPSWLRQ
background
7KHDYHUDJHIXHOPLOHDJHDQGIXHOFRQVXPSWLRQZLOOEHEDVHGRQWULSPHWHU$
ܬ &XUUHQWIXHOPLOHDJH
&XUUHQWLQVWDQWIXHOPLOHDJH,I\RXUVSHHGLVOHVVWKDQPSKNPK´
µLV
GLVSOD\HG
:KHQ´
µLVGLVSOD\HGDWVSHHGVDERYHPSKNPKJRWR\RXUGHDOHUIRUVHUYLFH
ܬ $YHUDJHIXHOPLOHDJH
$YHUDJHIXHOPLOHDJHVLQFHWULSPHWHU$ZDVUHVHW:KHQ´
µLVGLVSOD\HGJRWR\RXU
GHDOHUIRUVHUYLFH
ܬ )XHOFRQVXPSWLRQ
7RWDOIXHOFRQVXPSWLRQVLQFHWULSPHWHU$ZDVUHVHW:KHQ´
µLVGLVSOD\HGJRWR
\RXUGHDOHUIRUVHUYLFH
u 7RUHVHWWKHDYHUDJHIXHOPLOHDJHDQGIXHOFRQVXPSWLRQ3
2SHUDWLRQ*XLGH

&RQWLQXHG
background
7RUHVHWWKHWULSPHWHUDYHUDJHIXHO
PLOHDJHDQGIXHOFRQVXPSWLRQ
7RUHVHWWULSPHWHU$DYHUDJHIXHOPLOHDJH
DQGIXHOFRQVXPSWLRQWRJHWKHUSUHVVDQG
KROG
6(7
EXWWRQZLWKWULSPHWHU$DYHUDJH
IXHOPLOHDJHRUIXHOFRQVXPSWLRQGLVSOD\HG
:KHQWKH\DUHUHVHW´µLVGLVSOD\HGDW
HDFKLQGLFDWLRQ
7KHQWKHGLVSOD\UHWXUQVWRWKHODVWVHOHFWHG
LQGLFDWLRQ
7RUHVHWWULSPHWHU%SUHVVDQGKROG
6(7
EXWWRQZLWKWULSPHWHU%GLVSOD\HG
$OVRWKHWULSPHWHU$DYHUDJHIXHOPLOHDJH
DQGIXHOFRQVXPSWLRQZLOODXWRPDWLFDOO\UHVHW
E\UHIXHOLQJPRUHWKDQWKHUHVHUYHDPRXQW
DQGULGLQJ\RXUPRWRUF\FOHIRUPLOH
NP
<RXFDQDFWLYDWHRUGHDFWLYDWHWKHDXWRPDWLF
UHVHWPRGHE\UHIXHOLQJ
3
2SHUDWLRQ*XLGH

,QVWUXPHQWV&RQWLQXHG
RU RU
7ULSPHWHU$ $YHUDJH
IXHOPLOHDJH
)XHO
FRQVXPSWLRQ
RU RU
7ULSPHWHU%
background
5HVHUYHIXHOFRQVXPSWLRQPHWHU
:KHQWKHVW(VHJPHQWRIWKHIXHOJDXJH
VWDUWVIODVKLQJWKHRGRPHWHUWULSPHWHU
IXHOPLOHDJHPHWHUIXHOFRQVXPSWLRQ
PHWHUVZLWFKHVWRWKHUHVHUYHIXHO
FRQVXPSWLRQ<RXVKRXOGUHILOOWKHWDQNDV
VRRQDVSRVVLEOH
:KHQ´
µLVGLVSOD\HGJRWR\RXU
GHDOHUIRUVHUYLFH
ܬ )ODVKHVIURP´µJDORU/
u :KHQWKHDPRXQWRIFRQVXPHGIXHOLV
PRUHWKDQ86JDO/WKHGLVSOD\
EOLQNVIDVWHU
u ,I\RXFKDQJHWKHGLVSOD\WRRGRPHWHU
WULSPHWHUIXHOPLOHDJHPHWHUDQGIXHO
FRQVXPSWLRQPHWHUDQGVRRQ
3
LWZLOODXWRPDWLFDOO\UHWXUQWRWKHUHVHUYH
IXHOFRQVXPSWLRQGLVSOD\LIWKHEXWWRQV
DUHQRWSUHVVHGIRUDERXWVHFRQGV
$IWHUUHIXHOLQJPRUHWKDQWKHUHVHUYH
DPRXQWWKHGLVSOD\UHWXUQVWRQRUPDO
2SHUDWLRQ*XLGH

&RQWLQXHG
5HVHUYHIXHOFRQVXPSWLRQPHWHU
background
'LVSOD\6HWWLQJ
)ROORZLQJLWHPVFDQEHFKDQJHGVHTXHQWLDOO\
ܬ &ORFNVHWWLQJ
ܬ %DFNOLJKWEULJKWQHVVDGMXVWPHQW
ܬ $FWLYDWLQJGHDFWLYDWLQJRIWULSPHWHU$
DYHUDJHIXHOPLOHDJHDQGIXHO
FRQVXPSWLRQDXWRPDWLFUHVHWPRGH
ܬ &KDQJLQJRIVSHHGDQGPLOHDJHXQLW
ܬ &KDQJLQJRIIXHOPLOHDJHPHWHUXQLWRQO\
ZKHQNPXQLWV\VWHPLVVHOHFWHG
2SHUDWLRQ*XLGH

,QVWUXPHQWV&RQWLQXHG
3UHVVDQGKROG
6(/
EXWWRQDQG
6(7
EXWWRQ
3UHVV
6(7
EXWWRQ
2UGLQDU\GLVSOD\
&ORFNVHWWLQJ
%DFNOLJKWEULJKWQHVVDGMXVWPHQW
&KDQJLQJRIVSHHGDQGPLOHDJHXQLW
&KDQJLQJRIIXHOPLOHDJHPHWHU
XQLWRQO\ZKHQNPXQLWV\VWHP
LVVHOHFWHG
$FWLYDWLQJGHDFWLYDWLQJRI
WULSPHWHU$DYHUDJHIXHO
PLOHDJHDQGIXHOFRQVXPSWLRQ
DXWRPDWLFUHVHWPRGH
6HWWLQJ0RGH
background
7KHIROORZLQJPRYHVWKHRUGLQDU\GLVSOD\DW
GLVSOD\VHWWLQJ
ܬ 7KHEXWWRQVLVQRWSUHVVHGIRUDERXW
VHFRQGV
ܬ 7XUQWKHLJQLWLRQVZLWFKWRWKH2))
SRVLWLRQDQGWKHQWRWKH21SRVLWLRQ
&ORFNVHWWLQJ
7XUQWKHLJQLWLRQVZLWFKWRWKH21SRVLWLRQ
3UHVVDQGKROG
6(/
EXWWRQDQG
6(7
EXWWRQ
XQWLOWKHKRXUGLJLWVVWDUWIODVKLQJ
3UHVV
6(/
EXWWRQXQWLOWKHGHVLUHGKRXULV
GLVSOD\HG
u 3UHVVDQGKROGWRDGYDQFHWKHKRXUIDVW
3UHVV
6(7
EXWWRQ7KHPLQXWHGLJLWVVWDUW
IODVKLQJ
3UHVV
6(/
EXWWRQXQWLOWKHGHVLUHGPLQXWHLV
GLVSOD\HG
u 3UHVVDQGKROGWRDGYDQFHWKHPLQXWH
IDVW
3UHVV
6(7
EXWWRQ7KHFORFNLVVHWDQGWKHQ
WKHGLVSOD\PRYHVWRWKHEDFNOLJKW
EULJKWQHVVDGMXVWPHQW
2SHUDWLRQ*XLGH

&RQWLQXHG
background
%DFNOLJKWEULJKWQHVVDGMXVWPHQW
<RXFDQDGMXVWWKHEULJKWQHVVWRRQHRIILYH
OHYHOV
3UHVV
6(/
EXWWRQ7KHEULJKWQHVVLV
VZLWFKHG
3UHVV
6(7
EXWWRQ7KHEDFNOLJKWLVVHWDQG
WKHQWKHGLVSOD\PRYHVWRWKHDFWLYDWLQJ
GHDFWLYDWLQJRIWULSPHWHU$DYHUDJHIXHO
PLOHDJHDQGIXHOFRQVXPSWLRQDXWRPDWLF
UHVHWPRGH
2SHUDWLRQ*XLGH

,QVWUXPHQWV&RQWLQXHG
background
$FWLYDWLQJGHDFWLYDWLQJRIWULSPHWHU
$DYHUDJHIXHOPLOHDJHDQGIXHO
FRQVXPSWLRQDXWRPDWLFUHVHWPRGH
<RXFDQDOVRDFWLYDWHRUGHDFWLYDWHWKH
DXWRPDWLFUHVHWPRGHE\UHIXHOLQJDIWHUVW
(VHJPHQWRIWKHIXHOJDXJHVWDUWVIODVKLQJ
'HDFWLYDWLRQLVLQLWLDOO\VHW
3UHVV
6(/
EXWWRQWRVHOHFW´
µDFWLYDWHRU
´
µGHDFWLYDWHLQWKHDXWRPDWLFUHVHW
PRGH
7RHQGWKHVHOHFWLRQSUHVV
6(7
EXWWRQ7KH
DFWLYDWLRQGHDFWLYDWLRQRIDXWRPDWLFUHVHW
PRGHLVVHWDQGWKHQWKHGLVSOD\PRYHVWR
WKHFKDQJLQJRIWKHVSHHGDQGPLOHDJHXQLW
2SHUDWLRQ*XLGH

&RQWLQXHG
background
&KDQJLQJRIVSHHGDQGPLOHDJHXQLW
3UHVV
6(/
EXWWRQWRVHOHFWHLWKHU´PSKµDQG
´PLOHµRU´NPKµDQG´NPµ
:KHQVHOHFWLQJWKH´PSKµDQG´PLOHµ
ܬ )XHOPLOHDJHXQLWVKRZV´PLOHJDOµ
ܬ )XHOFRQVXPSWLRQXQLWVKRZV´JDOµ
:KHQVHOHFWLQJWKH´NPKµDQG´NPµ
ܬ )XHOPLOHDJHXQLWVKRZV´NP/µRU´/
NPµ
ܬ )XHOFRQVXPSWLRQXQLWVKRZV´/µ
:KHQVHOHFWLQJWKH´PSKµDQG´PLOHµ
7RHQGWKHVHOHFWLRQSUHVV
6(7
EXWWRQ
7KHHVWDEOLVKHGVHWWLQJFDQDOVREHVHWE\
WXUQLQJWKHLJQLWLRQVZLWFKWRWKH2))
SRVLWLRQ
7KHFRQWUROLVDXWRPDWLFDOO\VZLWFKHGIURP
WKHVHWWLQJPRGHWRWKHRUGLQDU\GLVSOD\LI
WKHEXWWRQLVQRWSUHVVHGIRUDERXW
VHFRQGV(YHQLQWKLVFDVHHVWDEOLVKHG
VHWWLQJLVPDLQWDLQHG
:KHQVHOHFWLQJWKH´NPKµDQG´NPµ
3UHVV
6(7
EXWWRQ7KHVSHHGDQGPLOHDJH
XQLWLVVHWDQGWKHQWKHGLVSOD\PRYHVWR
WKHFKDQJLQJRIWKHIXHOPLOHDJHPHWHU
XQLW
2SHUDWLRQ*XLGH

,QVWUXPHQWV&RQWLQXHG
background
&KDQJLQJRIIXHOPLOHDJHPHWHUXQLW
3UHVV
6(/
EXWWRQWRVHOHFW´NP/µRU
´/NPµ
7RHQGWKHVHOHFWLRQSUHVV
6(7
EXWWRQ
7KHHVWDEOLVKHGVHWWLQJFDQDOVREHVHWE\
WXUQLQJWKHLJQLWLRQVZLWFKWRWKH2))
SRVLWLRQ
7KHFRQWUROLVDXWRPDWLFDOO\VZLWFKHGIURP
WKHVHWWLQJPRGHWRWKHRUGLQDU\GLVSOD\LI
WKHEXWWRQLVQRWSUHVVHGIRUDERXW
VHFRQGV(YHQLQWKLVFDVHHVWDEOLVKHGVHWWLQJ
LVPDLQWDLQHG
2SHUDWLRQ*XLGH

background
,QGLFDWRUV
2SHUDWLRQ*XLGH

&RPHVRQZKHQWKHLJQLWLRQVZLWFK
LVWXUQHGWRWKH21SRVLWLRQ
*RHVRIIZKHQWKHHQJLQHVWDUWV
,ILWFRPHVRQZKLOHHQJLQHLV
UXQQLQJ
3
/RZRLOSUHVVXUHLQGLFDWRU
,IRQHRIWKHVHLQGLFDWRUVGRHVQRWFRPHRQZKHQLWVKRXOGKDYH\RXUGHDOHUFKHFNIRU
SUREOHPV
$%6$QWLORFN%UDNH6\VWHPLQGLFDWRU
&RPHVRQZKHQWKHLJQLWLRQVZLWFKLVWXUQHGWR
WKH21SRVLWLRQ*RHVRIIZKHQ\RXUVSHHG
UHDFKHVDSSUR[LPDWHO\PSKNPK
,ILWFRPHVRQZKLOHULGLQJ
3
+LJKFRRODQWWHPSHUDWXUHLQGLFDWRU
&RPHVRQEULHIO\ZKHQWKHLJQLWLRQVZLWFKLV
WXUQHGWRWKH21SRVLWLRQ
,ILWFRPHVRQZKLOHULGLQJ
3
&%)$RQO\
background
2SHUDWLRQ*XLGH

5LJKWWXUQVLJQDOLQGLFDWRU
+LJKEHDPLQGLFDWRU
1HXWUDOLQGLFDWRU
&RPHVRQZKHQWKHWUDQVPLVVLRQ
LVLQ1HXWUDO
/HIWWXUQVLJQDOLQGLFDWRU
3*0),3URJUDPPHG)XHO,QMHFWLRQPDOIXQFWLRQLQGLFDWRUODPS0,/
&RPHVRQEULHIO\ZKHQWKHLJQLWLRQVZLWFKLVWXUQHGWRWKH21SRVLWLRQZLWKWKHHQJLQHVWRS
VZLWFKLQWKH
5XQSRVLWLRQ&RPHVRQZKHQWKHLJQLWLRQVZLWFKLVWXUQHGWRWKH21
SRVLWLRQZLWKWKHHQJLQHVWRSVZLWFKLQWKH
6WRSSRVLWLRQ
,ILWFRPHVRQZKLOHHQJLQHLVUXQQLQJ
3
background
6ZLWFKHV
2SHUDWLRQ*XLGH

+HDGOLJKWGLPPHUVZLWFK
ܬ
+LJKEHDP
ܬ
/RZEHDP
7XUQVLJQDOVZLWFK
+RUQEXWWRQ
u 3UHVVLQJWKHVZLWFKWXUQV
WKHWXUQVLJQDORII
(QJLQHVWRSVZLWFK
6KRXOGQRUPDOO\UHPDLQLQWKH
5XQ
SRVLWLRQ
u ,QDQHPHUJHQF\VZLWFKWRWKH
6WRSSRVLWLRQWKHVWDUWHUPRWRUZLOO
QRWRSHUDWHWRVWRSWKHHQJLQH
6WDUWEXWWRQ
+D]DUGVZLWFK
6ZLWFKDEOHZKHQWKHLJQLWLRQVZLWFKLV
LQWKH21SRVLWLRQ&DQEHWXUQHGWR
RIIUHJDUGOHVVRIWKHLJQLWLRQVZLWFK
SRVLWLRQ
u 7KHVLJQDOVFRQWLQXHIODVKLQJZKHQ
WKHLJQLWLRQVZLWFKLVLQWKH2))RU
/2&.SRVLWLRQDIWHUWKHKD]DUGVZLWFK
LVRQ
background
2SHUDWLRQ*XLGH

&RQWLQXHG
,JQLWLRQ6ZLWFK
6ZLWFKHVWKHHOHFWULFDOV\VWHPRQRIIORFNV
WKHVWHHULQJ
u .H\FDQEHUHPRYHGZKHQLQWKH2))RU
/2&.SRVLWLRQ
21
2))
7XUQVHOHFWULFDOV\VWHP
RQIRUVWDUWLQJULGLQJ
7XUQVHQJLQHRII
/2&.
/RFNVVWHHULQJ
background
6WHHULQJ/RFN
/RFNWKHVWHHULQJZKHQSDUNLQJWRKHOS
SUHYHQWWKHIW
$8VKDSHGZKHHOORFNRUVLPLODUGHYLFHLV
DOVRUHFRPPHQGHG
/RFNLQJ
7XUQWKHKDQGOHEDUDOOWKHZD\WRWKHOHIW
3XVKWKHNH\GRZQDQGWXUQWKHLJQLWLRQ
VZLWFKWRWKH/2&.SRVLWLRQ
u -LJJOHWKHKDQGOHEDULIWKHORFNLVGLIILFXOW
WRHQJDJH
5HPRYHWKHNH\
8QORFNLQJ
,QVHUWWKHNH\SXVKLWLQDQGWXUQWKHLJQLWLRQ
VZLWFKWRWKH2))SRVLWLRQ
2SHUDWLRQ*XLGH

6ZLWFKHV&RQWLQXHG
,JQLWLRQNH\
3XVK
7XUQ
background
6WDUWLQJWKH(QJLQH
6WDUW\RXUHQJLQHXVLQJWKHIROORZLQJ
SURFHGXUHUHJDUGOHVVRIZKHWKHUWKHHQJLQH
LVFROGRUZDUP
127,&(
ܬ
,IWKHHQJLQHGRHVQRWVWDUWZLWKLQVHFRQGVWXUQ
WKHLJQLWLRQVZLWFKWRWKH2))SRVLWLRQDQGZDLW
VHFRQGVEHIRUHWU\LQJWRVWDUWWKHHQJLQHDJDLQWR
UHFRYHUEDWWHU\YROWDJH
ܬ
([WHQGHGIDVWLGOLQJDQGUHYYLQJWKHHQJLQHFDQ
GDPDJHWKHHQJLQHDQGWKHH[KDXVWV\VWHP
ܬ
6QDSSLQJWKHWKURWWOHRUIDVWLGOLQJIRUPRUHWKDQ
DERXWPLQXWHVPD\FDXVHH[KDXVWSLSH
GLVFRORUDWLRQ
ܬ
7KHHQJLQHZLOOQRWVWDUWLIWKHWKURWWOHLVIXOO\RSHQ
0DNHVXUHWKHHQJLQHVWRSVZLWFKLVLQWKH
5XQSRVLWLRQ
7XUQWKHLJQLWLRQVZLWFKWRWKH21SRVLWLRQ
6KLIWWKHWUDQVPLVVLRQWR1HXWUDO
1
LQGLFDWRUFRPHVRQ$OWHUQDWLYHO\SXOOLQWKH
FOXWFKOHYHUWRVWDUW\RXUPRWRUF\FOHZLWKWKH
WUDQVPLVVLRQLQJHDUVRORQJDVWKHVLGH
VWDQGLVUDLVHG
3UHVVWKHVWDUWEXWWRQZLWKWKHWKURWWOH
FRPSOHWHO\FORVHG
,IWKHHQJLQHGRHVQRWVWDUW
a
2SHQWKHWKURWWOHIXOO\DQGSUHVVWKHVWDUW
EXWWRQIRUVHFRQGV
b
5HSHDWWKHQRUPDOVWDUWLQJSURFHGXUH
c
,IWKHHQJLQHVWDUWVRSHQWKHWKURWWOHVOLJKWO\
LILGOLQJLVXQVWDEOH
d
,IWKHHQJLQHGRHVQRWVWDUWZDLWVHFRQGV
EHIRUHWU\LQJVWHSVabDJDLQ
,I(QJLQH:LOO1RW6WDUW3
2SHUDWLRQ*XLGH

background
6KLIWLQJ*HDUV
<RXUPRWRUF\FOHWUDQVPLVVLRQKDVIRUZDUG
JHDUVLQDRQHGRZQILYHXSVKLIWSDWWHUQ
,I\RXSXWWKHPRWRUF\FOHLQJHDUZLWKWKH
VLGHVWDQGGRZQWKHHQJLQHZLOOVKXWRII
5HFRPPHQGHG6KLIW3RLQWV
6KLIWLQJ8S
)URPVWWRQG PSKNPK
)URPQGWRUG PSKNPK
)URPUGWRWK PSKNPK
)URPWKWRWK PSKNPK
)URPWKWRWK PSKNPK
6KLIWLQJ'RZQ
)URPWKWRWK PSKNPK
)URPWKWRWK PSKNPK
)URPWKWRUG PSKNPK
127,&(
,PSURSHUVKLIWLQJFDQGDPDJHWKHHQJLQH
WUDQVPLVVLRQDQGGULYHWUDLQ$OVRFRDVWLQJRU
WRZLQJWKHPRWRUF\FOHIRUORQJGLVWDQFHVZLWK
WKHHQJLQHRIIFDQGDPDJHWKHWUDQVPLVVLRQ
2SHUDWLRQ*XLGH

1
background
5HIXHOLQJ
'RQRWILOOZLWKIXHODERYHWKHOHYHOSODWH
)XHOW\SH8QOHDGHGJDVROLQHRQO\
5HFRPPHQGHGIXHORFWDQHQXPEHU
3XPS2FWDQH1XPEHU321RUKLJKHU
7DQNFDSDFLW\
86JDO/
5HIXHOLQJDQG)XHO*XLGHOLQHV3
2SHQLQJWKH)XHO)LOO&DS
2SHQWKHORFNFRYHULQVHUWWKHLJQLWLRQNH\
DQGWXUQLWFORFNZLVHWRRSHQWKHFDS
&ORVLQJWKH)XHO)LOO&DS
$IWHUUHIXHOLQJSXVKWKHIXHOILOOFDSFORVHG
XQWLOLWORFNV
5HPRYHWKHNH\DQGFORVHWKHORFNFRYHU
u 7KHNH\FDQQRWEHUHPRYHGLIWKHFDSLV
QRWORFNHG
3
:$51,1*
*DVROLQHLVKLJKO\IODPPDEOHDQG
H[SORVLYH<RXFDQEHEXUQHGRU
VHULRXVO\LQMXUHGZKHQKDQGOLQJIXHO
ܬ 6WRSWKHHQJLQHDQGNHHSKHDW
VSDUNVDQGIODPHDZD\
ܬ +DQGOHIXHORQO\RXWGRRUV
ܬ :LSHXSVSLOOVLPPHGLDWHO\
2SHUDWLRQ*XLGH

,JQLWLRQNH\ /HYHOSODWH
)XHOILOOFDS
/RFNFRYHU
background
6WRUDJH(TXLSPHQW
+HOPHW+ROGHU
7KHKHOPHWKROGHULVORFDWHGXQGHUVLGHRIWKH
UHDUVHDW
u 8VHWKHKHOPHWKROGHURQO\ZKHQSDUNHG
5HPRYLQJWKH5HDU6HDW
3
3
:$51,1*
5LGLQJZLWKDKHOPHWDWWDFKHGWRWKH
KROGHUFDQLQWHUIHUHZLWK\RXUDELOLW\WR
VDIHO\RSHUDWHWKHPRWRUF\FOHDQG
FRXOGOHDGWRDFUDVKLQZKLFK\RXFDQ
EHVHULRXVO\KXUWRUNLOOHG
8VHWKHKHOPHWKROGHURQO\ZKLOH
SDUNHG'RQRWULGHZLWKDKHOPHW
VHFXUHGE\WKHKROGHU
2SHUDWLRQ*XLGH

+HOPHWKROGHU
+HOPHW'ULQJ
background
7RRO.LW
7KHWRRONLWLVORFDWHGXQGHUWKHUHDUVHDW
5HPRYLQJWKH5HDU6HDW3
'RFXPHQW%DJ
7KHGRFXPHQWEDJLVORFDWHGXQGHUVLGHRI
WKHIURQWVHDW
5HPRYLQJWKH)URQW6HDW3
2SHUDWLRQ*XLGH

5XEEHUVWUDS7RRONLW
5XEEHUVWUDS
'RFXPHQWEDJ
background
,PSRUWDQFHRI0DLQWHQDQFH  3
0DLQWHQDQFH6FKHGXOH 3
0DLQWHQDQFH)XQGDPHQWDOV  3
5HPRYLQJ,QVWDOOLQJ%RG\&RPSRQHQWV 3
%DWWHU\3
&OLS3
)URQW6HDW3
5HDU6HDW 3
5LJKW6LGH&RYHU3
(QJLQH2LO  3
$LU&OHDQHU 3
&RRODQW 3
%UDNHV 3
6LGH6WDQG  3
'ULYH&KDLQ 3
&OXWFK  3
7KURWWOH  3
&UDQNFDVH%UHDWKHU  3
2WKHU$GMXVWPHQWV 3
$GMXVWLQJWKH+HDGOLJKW$LP  3
$GMXVWLQJWKH%UDNH/HYHU  3
$GMXVWLQJWKH)URQW6XVSHQVLRQ 3
$GMXVWLQJWKH5HDU6XVSHQVLRQ  3
3OHDVHUHDG´,PSRUWDQFHRI0DLQWHQDQFHµDQG´0DLQWHQDQFH)XQGDPHQWDOVµFDUHIXOO\
EHIRUHDWWHPSWLQJDQ\PDLQWHQDQFH5HIHUWR´6SHFLILFDWLRQVµIRUVHUYLFHGDWD
$QRSWLRQDOODUJHUWRRONLWPD\EHDYDLODEOH
&KHFNZLWK\RXU+RQGDGHDOHUVSDUWVGHSDUWPHQW
0DLQWHQDQFH
background
,PSRUWDQFHRI0DLQWHQDQFH
,PSRUWDQFHRI0DLQWHQDQFH
.HHSLQJ\RXUPRWRUF\FOHZHOOPDLQWDLQHGLV
DEVROXWHO\HVVHQWLDOWR\RXUVDIHW\DQGWR
SURWHFW\RXULQYHVWPHQWREWDLQPD[LPXP
SHUIRUPDQFHDYRLGEUHDNGRZQVDQGUHGXFHDLU
SROOXWLRQ0DLQWHQDQFHLVWKHRZQHUV
UHVSRQVLELOLW\%HVXUHWRLQVSHFW\RXU
PRWRUF\FOHEHIRUHHDFKULGHDQGSHUIRUPWKH
SHULRGLFFKHFNVVSHFLILHGLQWKH0DLQWHQDQFH
6FKHGXOH
2 3
3
:$51,1*
,PSURSHUO\PDLQWDLQLQJ\RXU
PRWRUF\FOHRUIDLOLQJWRFRUUHFWD
SUREOHPEHIRUH\RXULGHFDQFDXVHD
FUDVKLQZKLFK\RXFDQEHVHULRXVO\KXUW
RUNLOOHG
$OZD\VIROORZWKHLQVSHFWLRQDQG
PDLQWHQDQFHUHFRPPHQGDWLRQVDQG
VFKHGXOHVLQWKLVRZQHUVPDQXDO
)RULQIRUPDWLRQDERXWWKHH[KDXVWHPLVVLRQDQG
QRLVHHPLVVLRQUHTXLUHPHQWVRIWKH86
(QYLURQPHQWDO3URWHFWLRQ$JHQF\(3$WKH
&DOLIRUQLD$LU5HVRXUFHV%RDUG&$5%DQGWKH
(QYLURQPHQWDQG&OLPDWH&KDQJH&DQDGD
(&&&
2 3
86$
0DLQWHQDQFHUHSODFHPHQWRUUHSDLURIWKH
HPLVVLRQFRQWUROGHYLFHVDQGV\VWHPVPD\
EHSHUIRUPHGE\DQ\PRWRUF\FOHUHSDLU
HVWDEOLVKPHQWRULQGLYLGXDOXVLQJSDUWV
WKDWDUH´FHUWLILHGµWR(3$VWDQGDUGV
0DLQWHQDQFH

background
0DLQWHQDQFH6DIHW\
$OZD\VUHDGWKHPDLQWHQDQFHLQVWUXFWLRQV
EHIRUH\RXEHJLQHDFKWDVNDQGPDNHVXUHWKDW
\RXKDYHWKHWRROVSDUWVDQGVNLOOVUHTXLUHG
:HFDQQRWZDUQ\RXRIHYHU\FRQFHLYDEOH
KD]DUGWKDWFDQDULVHLQSHUIRUPLQJ
PDLQWHQDQFH2QO\\RXFDQGHFLGHZKHWKHURU
QRW\RXVKRXOGSHUIRUPDJLYHQWDVN
)ROORZWKHVHJXLGHOLQHVZKHQSHUIRUPLQJ
PDLQWHQDQFH
6WRSWKHHQJLQHDQGUHPRYHWKHNH\
3ODFH\RXUPRWRUF\FOHRQDILUPOHYHO
VXUIDFHXVLQJWKHVLGHVWDQGRUD
PDLQWHQDQFHVWDQGWRSURYLGHVXSSRUW
$OORZWKHHQJLQHPXIIOHUEUDNHVDQGRWKHU
KLJKWHPSHUDWXUHSDUWVWRFRROEHIRUH
VHUYLFLQJDV\RXFDQJHWEXUQHG
5XQWKHHQJLQHRQO\ZKHQLQVWUXFWHGDQG
GRVRLQDZHOOYHQWLODWHGDUHD
,PSRUWDQFHRI0DLQWHQDQFH
0DLQWHQDQFH

background
0DLQWHQDQFH6FKHGXOH
7KHPDLQWHQDQFHVFKHGXOHVSHFLILHVWKH
PDLQWHQDQFHUHTXLUHPHQWVQHFHVVDU\WR
HQVXUHVDIHGHSHQGDEOHSHUIRUPDQFHDQG
SURSHUHPLVVLRQFRQWURO
0DLQWHQDQFHZRUNVKRXOGEHSHUIRUPHGLQ
DFFRUGDQFHZLWK+RQGDVVWDQGDUGVDQG
VSHFLILFDWLRQVE\SURSHUO\WUDLQHGDQG
HTXLSSHGWHFKQLFLDQV<RXUGHDOHUPHHWVDOO
RIWKHVHUHTXLUHPHQWV.HHSDQDFFXUDWH
UHFRUGRIPDLQWHQDQFHWRKHOSHQVXUHWKDW
\RXUPRWRUF\FOHLVSURSHUO\PDLQWDLQHG
0DNHVXUHWKDWZKRPHYHUSHUIRUPVWKH
PDLQWHQDQFHFRPSOHWHVWKLVUHFRUG
$OOVFKHGXOHGPDLQWHQDQFHLVFRQVLGHUHGD
QRUPDORZQHURSHUDWLQJFRVWDQGZLOOEH
FKDUJHGWR\RXE\\RXUGHDOHU5HWDLQDOO
UHFHLSWV,I\RXVHOOWKHPRWRUF\FOHWKHVH
UHFHLSWVVKRXOGEHWUDQVIHUUHGZLWKWKH
PRWRUF\FOHWRWKHQHZRZQHU
0DLQWHQDQFH

&RQWLQXHG
background
,WHPV
)UHTXHQF\

ïPL     
5HJXODU
5HSODFH
5HIHUWR
SDJH
ïNP       
(PLVVLRQ5HODWHG,WHPV
)XHO/LQH ²
7KURWWOH2SHUDWLRQ

$LU&OHDQHU


&UDQNFDVH%UHDWKHU


6SDUN3OXJ
²
9DOYH&OHDUDQFH
²
(QJLQH2LO
<HDU 
(QJLQH2LO)LOWHU

(QJLQH,GOH6SHHG
²
5DGLDWRU&RRODQW

<HDUV 
&RROLQJ6\VWHP
²
6HFRQGDU\$LU6XSSO\6\VWHP
²
(YDSRUDWLYH(PLVVLRQ&RQWURO6\VWHP

²
0DLQWHQDQFH/HYHO 0DLQWHQDQFH/HJHQG
,QWHUPHGLDWH:HUHFRPPHQGVHUYLFHE\\RXUGHDOHUXQOHVV
\RXKDYHWKHQHFHVVDU\WRROVDQGDUHPHFKDQLFDOO\VNLOOHG
3URFHGXUHVDUHSURYLGHGLQDQRIILFLDO+RQGD6HUYLFH0DQXDO
2 3
,QVSHFWFOHDQDGMXVWOXEULFDWHRUUHSODFHLIQHFHVVDU\
5HSODFH
/XEULFDWH
&OHDQ
7HFKQLFDO,QWKHLQWHUHVWRIVDIHW\KDYH\RXUPRWRUF\FOH
VHUYLFHGE\\RXUGHDOHU
0DLQWHQDQFH6FKHGXOH
0DLQWHQDQFH

background
,WHPV
)UHTXHQF\

ïPL     
5HJXODU
5HSODFH
5HIHUWR
SDJH
ïNP       
1RQ(PLVVLRQ5HODWHG,WHPV
'ULYH&KDLQ
(YHU\PLNP

%UDNH)OXLG

<HDUV 
%UDNH3DGV:HDU

%UDNH6\VWHP

%UDNH/LJKW6ZLWFK

+HDGOLJKW$LP

&OXWFK6\VWHP

6LGH6WDQG

6XVSHQVLRQ
²
1XWV%ROWV)DVWHQHUV
²
:KHHOV7LUHV

6WHHULQJ+HDG%HDULQJV
²
1RWHV
$WKLJKHURGRPHWHUUHDGLQJVUHSHDWDWWKHIUHTXHQF\LQWHUYDOHVWDEOLVKHGKHUH
6HUYLFHPRUHIUHTXHQWO\ZKHQULGLQJLQXQXVXDOO\ZHWRUGXVW\DUHDV
6HUYLFHPRUHIUHTXHQWO\ZKHQULGLQJLQUDLQRUDWIXOOWKURWWOH
67$7(PHHWV&DOLIRUQLD
5HSODFHPHQWUHTXLUHVPHFKDQLFDOVNLOO
0DLQWHQDQFH6FKHGXOH
0DLQWHQDQFH

background
0DLQWHQDQFH)XQGDPHQWDOV
3UHULGH,QVSHFWLRQ
7RHQVXUHVDIHW\LWLV\RXUUHVSRQVLELOLW\WR
SHUIRUPDSUHULGHLQVSHFWLRQDQGPDNHVXUH
WKDWDQ\SUREOHP\RXILQGLVFRUUHFWHG$SUH
ULGHLQVSHFWLRQLVDPXVWQRWRQO\IRUVDIHW\EXW
EHFDXVHKDYLQJDEUHDNGRZQRUHYHQDIODWWLUH
FDQEHDPDMRULQFRQYHQLHQFH
&KHFNWKHIROORZLQJLWHPVEHIRUH\RXJHWRQ
\RXUPRWRUF\FOH
7LUHWUHDGZHDUDQGDLUSUHVVXUHVDUHZLWKLQ
OLPLWV
2 3
/LJKWVKRUQDQGWXUQVLJQDOVRSHUDWH
QRUPDOO\
&KHFNWKHFRQGLWLRQRIWKHGULYHFKDLQ
$GMXVWVODFNDQGOXEULFDWHDVQHHGHG
2 3
&KHFNWKHIROORZLQJLWHPVLI\RXDUHFDUU\LQJD
SDVVHQJHURUFDUJR
&RPELQHGZHLJKWLVZLWKLQORDGOLPLWV
2 3
&DUJRLVVHFXUHGSURSHUO\
6XVSHQVLRQLVDGMXVWHGWRVXLWORDG2 3
2 3
&KHFNWKHIROORZLQJLWHPVDIWHU\RXJHWRQ\RXU
PRWRUF\FOH
7KURWWOHDFWLRQPRYHVVPRRWKO\ZLWKRXW
ELQGLQJ
2 3
%UDNHOHYHUDQGSHGDORSHUDWHQRUPDOO\
&KHFNWKHIXHOOHYHODQGUHIXHOZKHQ
QHHGHG
2 32 3
(QJLQHVWRSVZLWFKIXQFWLRQVSURSHUO\
2 3
&KHFNWKHIROORZLQJLWHPVDWUHJXODULQWHUYDOV
2LOOHYHOLVEHWZHHQWKHXSSHUDQGORZHU
OHYHOPDUNV
2 3
%UDNHIOXLGOHYHOLV
)URQWDERYHWKH/:5OHYHOPDUN
2 3
5HDUEHWZHHQWKH833(5DQG/2:(5OHYHO
PDUNV
2 3
(QJLQHFRRODQWOHYHOLVEHWZHHQWKH833(5
DQG/2:(5OHYHOPDUNV
2 3
6LGHVWDQGIXQFWLRQVSURSHUO\2 3
0DLQWHQDQFH

background
7LUHVDQGZKHHOV
&KHFNWKHDLUSUHVVXUH
2 3H[DPLQHWUHDGIRUZHDUDQGGDPDJH
2 3DQGFKHFNWKHZKHHOVIRUGDPDJH
)OXLGOHYHOV
&KHFNWKHHQJLQHRLOOHYHO
2 3HQJLQHFRRODQWOHYHO2 3
DQGEUDNHIOXLGOHYHO
2 3
/LJKWV
&KHFNWKDWWKHKHDGOLJKWSRVLWLRQOLJKWEUDNHOLJKWWDLOOLJKWWXUQ
VLJQDOVDQGOLFHQVHSODWHOLJKWDUHZRUNLQJSURSHUO\
&RQWUROV
&KHFNWKHIUHHSOD\RIWKHFOXWFKOHYHU
2 3DQGWKURWWOHJULS
2 3
'ULYHFKDLQ
&KHFNWKHVODFN
2 3DGMXVWWKHVODFN2 3DQGOXEULFDWH
2 3DVQHHGHG
)XVHV &KHFNWKDW\RXKDYHDIXOOVXSSO\RIVSDUHIXVHV
1XWVEROWV &KHFNWKHPDMRUQXWVDQGEROWVDQGWLJKWHQDVQHHGHG
3HULRGLF&KHFNV
<RXVKRXOGDOVRSHUIRUPRWKHUSHULRGLF
PDLQWHQDQFHFKHFNVDWOHDVWRQFHDPRQWK
UHJDUGOHVVRIKRZRIWHQ\RXULGHRUPRUHRIWHQ
LI\RXULGHIUHTXHQWO\
$OVRFKHFNWKHRGRPHWHUUHDGLQJDJDLQVWWKH
0DLQWHQDQFH6FKHGXOHDQGSHUIRUPDOO
PDLQWHQDQFHWKDWLVGXH
2 3
0DLQWHQDQFH)XQGDPHQWDOV
0DLQWHQDQFH

background
5HSODFLQJ3DUWV
$OZD\VXVH+RQGD*HQXLQH3DUWVRUWKHLU
HTXLYDOHQWVWRHQVXUHUHOLDELOLW\DQGVDIHW\
:KHQRUGHULQJFRORUHGFRPSRQHQWVVSHFLI\
WKHPRGHOQDPHFRORUDQGFRGHPHQWLRQHGRQ
WKHFRORUODEHO
7KHFRORUODEHOLVDWWDFKHGWRWKHUHDUIHQGHU
XQGHUWKHUHDUVHDW
2 3
3
:$51,1*
,QVWDOOLQJQRQ+RQGDSDUWVPD\PDNH
\RXUPRWRUF\FOHXQVDIHDQGFDXVHD
FUDVKLQZKLFK\RXFDQEHVHULRXVO\KXUW
RUNLOOHG
$OZD\VXVH+RQGD*HQXLQH3DUWVRU
HTXLYDOHQWVWKDWKDYHEHHQGHVLJQHG
DQGDSSURYHGIRU\RXUPRWRUF\FOH
0DLQWHQDQFH)XQGDPHQWDOV
0DLQWHQDQFH

&RORUODEHO
background
%DWWHU\
<RXUPRWRUF\FOHKDVDPDLQWHQDQFHIUHHW\SH
EDWWHU\<RXGRQRWKDYHWRFKHFNWKHEDWWHU\
HOHFWURO\WHOHYHORUDGGGLVWLOOHGZDWHU&OHDQWKH
EDWWHU\WHUPLQDOVLIWKH\EHFRPHGLUW\RU
FRUURGHG
'RQRWUHPRYHWKHEDWWHU\FDSVHDOV7KHUHLV
QRQHHGWRUHPRYHWKHFDSZKHQFKDUJLQJ
127,&(
$QLPSURSHUO\GLVSRVHGRIEDWWHU\FDQEH
KDUPIXOWRWKHHQYLURQPHQWDQGKXPDQKHDOWK
$OZD\VFRQILUPORFDOUHJXODWLRQVIRUSURSHU
EDWWHU\GLVSRVDOLQVWUXFWLRQ
:KDWWRGRLQDQHPHUJHQF\
,IDQ\RIWKHIROORZLQJRFFXULPPHGLDWHO\VHH\RXU
GRFWRU
(OHFWURO\WHVSODVKHVLQWR\RXUH\HV
u :DVK\RXUH\HVUHSHDWHGO\ZLWKFRROZDWHUIRU
DWOHDVWPLQXWHV8VLQJZDWHUXQGHU
SUHVVXUHFDQGDPDJH\RXUH\HV
(OHFWURO\WHVSODVKHVRQWR\RXUVNLQ
u 5HPRYHDIIHFWHGFORWKLQJDQGZDVK\RXUVNLQ
WKRURXJKO\XVLQJZDWHU
(OHFWURO\WHVSODVKHVLQWR\RXUPRXWK
u 5LQVHPRXWKWKRURXJKO\ZLWKZDWHUDQGGR
QRWVZDOORZ
3
:$51,1*
7KHEDWWHU\JLYHVRIIH[SORVLYHK\GURJHQJDV
GXULQJQRUPDORSHUDWLRQ
$VSDUNRUIODPHFDQFDXVHWKHEDWWHU\WR
H[SORGHZLWKHQRXJKIRUFHWRNLOORUVHULRXVO\
KXUW\RX
:HDUSURWHFWLYHFORWKLQJDQGDIDFHVKLHOGRU
KDYHDVNLOOHGPHFKDQLFGRWKHEDWWHU\
VHUYLFLQJ
:$51,1*%DWWHU\SRVWVWHUPLQDOVDQG
UHODWHGDFFHVVRULHVFRQWDLQOHDGDQGOHDG
FRPSRXQGV
:DVK\RXUKDQGVDIWHUKDQGOLQJ
0DLQWHQDQFH)XQGDPHQWDOV
0DLQWHQDQFH

&RQWLQXHG
background
&OHDQLQJWKH%DWWHU\7HUPLQDOV

5HPRYHWKHEDWWHU\2 3

,IWKHWHUPLQDOVDUHVWDUWLQJWRFRUURGHDQG
DUHFRDWHGZLWKDZKLWHVXEVWDQFHZDVK
ZLWKZDUPZDWHUDQGZLSHFOHDQ

,IWKHWHUPLQDOVDUHKHDYLO\FRUURGHGFOHDQ
DQGSROLVKWKHWHUPLQDOVZLWKDZLUHEUXVKRU
VDQGSDSHU:HDUVDIHW\JODVVHV

$IWHUFOHDQLQJUHLQVWDOOWKHEDWWHU\
7KHEDWWHU\KDVDOLPLWHGOLIHVSDQ&RQVXOW\RXU
GHDOHUDERXWZKHQ\RXVKRXOGUHSODFHWKH
EDWWHU\$OZD\VUHSODFHWKHEDWWHU\ZLWKDQRWKHU
PDLQWHQDQFHIUHHEDWWHU\RIWKHVDPHW\SH
&KDUJLQJ
,I\RXXVHHOHFWULFDODFFHVVRULHVWKDWGUDLQWKH
EDWWHU\RU\RXGRQRWULGHIUHTXHQWO\ZH
UHFRPPHQGWKDW\RXFKDUJHWKHEDWWHU\HYHU\
GD\VXVLQJDFKDUJHUGHVLJQHGVSHFLILFDOO\IRU
\RXU+RQGDZKLFKFDQEHSXUFKDVHGIURP\RXU
GHDOHU5HDGWKHLQIRUPDWLRQWKDWFDPHZLWK
\RXUEDWWHU\FKDUJHUDQGIROORZWKHLQVWUXFWLRQV
RQWKHEDWWHU\$YRLGXVLQJDQDXWRPRELOHW\SH
EDWWHU\FKDUJHUDVWKHVHFDQRYHUKHDWD
PRWRUF\FOHEDWWHU\DQGFDXVHSHUPDQHQW
GDPDJH
0DNHVXUHWKHLJQLWLRQVZLWFKLVLQWKH2))
SRVLWLRQEHIRUHFKDUJLQJWKHEDWWHU\
127,&(
,PSURSHUFKDUJLQJFDQGDPDJHWKHEDWWHU\,I
\RXFDQ·WFKDUJHWKHEDWWHU\RULWDSSHDUVXQDEOH
WRKROGDFKDUJHFRQWDFW\RXUGHDOHU
0DLQWHQDQFH)XQGDPHQWDOV
0DLQWHQDQFH

background
127,&(
-XPSVWDUWLQJXVLQJDQDXWRPRELOHEDWWHU\FDQ
GDPDJH\RXUPRWRUF\FOHVHOHFWULFDOV\VWHPDQG
LVQRWUHFRPPHQGHG%XPSVWDUWLQJLVDOVRQRW
UHFRPPHQGHG
127,&(
,QVWDOOLQJQRQ+RQGDHOHFWULFDODFFHVVRULHVFDQ
RYHUORDGWKHHOHFWULFDOV\VWHPGLVFKDUJLQJWKH
EDWWHU\DQGSRVVLEO\GDPDJLQJWKHV\VWHP
)XVHV
)XVHVSURWHFWWKHHOHFWULFDOFLUFXLWVRQ\RXU
PRWRUF\FOH,IVRPHWKLQJHOHFWULFDORQ\RXU
PRWRUF\FOHVWRSVZRUNLQJFKHFNIRUDQG
UHSODFHDQ\EORZQIXVHV
2 3
,QVSHFWLQJDQG5HSODFLQJ)XVHV
7XUQWKHLJQLWLRQVZLWFKWRWKH2))SRVLWLRQWR
UHPRYHDQGLQVSHFWIXVHV,IDIXVHLVEORZQ
UHSODFHZLWKDIXVHRIWKHVDPHUDWLQJ)RUIXVH
UDWLQJVVHH´6SHFLILFDWLRQVµ
2 3
127,&(
5HSODFLQJDIXVHZLWKRQHWKDWKDVDKLJKHU
UDWLQJJUHDWO\LQFUHDVHVWKHFKDQFHRIGDPDJHWR
WKHHOHFWULFDOV\VWHP
,IDIXVHIDLOVUHSHDWHGO\\RXOLNHO\KDYHDQ
HOHFWULFDOIDXOW+DYH\RXUPRWRUF\FOHLQVSHFWHG
E\\RXUGHDOHU
0DLQWHQDQFH)XQGDPHQWDOV
0DLQWHQDQFH

%ORZQIXVH
background
(QJLQH2LO
(QJLQHRLOFRQVXPSWLRQYDULHVDQGRLOTXDOLW\
GHWHULRUDWHVDFFRUGLQJWRULGLQJFRQGLWLRQVDQG
WLPHHODSVHG
&KHFNWKHHQJLQHRLOOHYHOUHJXODUO\DQGDGGWKH
UHFRPPHQGHGHQJLQHRLOLIQHFHVVDU\'LUW\RLO
RUROGRLOVKRXOGEHFKDQJHGDVVRRQDV
SRVVLEOH
6HOHFWLQJWKH(QJLQH2LO
)RUUHFRPPHQGHGHQJLQHRLOVHH
´6SHFLILFDWLRQVµ
2 3
,I\RXXVHQRQ+RQGDHQJLQHRLOFKHFNWKH
ODEHOWRPDNHVXUHWKDWWKHRLOVDWLVILHVDOORIWKH
IROORZLQJVWDQGDUGV
-$627VWDQGDUG

0$
6$(VWDQGDUG

:
$3,FODVVLILFDWLRQ

6*RUKLJKHU

7KH-$627VWDQGDUGLVDQLQGH[IRUHQJLQH
RLOVIRUVWURNHPRWRUF\FOHHQJLQHV7KHUHDUH
WZRFODVVHV0$DQG0%)RUH[DPSOHWKH
IROORZLQJODEHOVKRZVWKH0$FODVVLILFDWLRQ

7KH6$(VWDQGDUGJUDGHVRLOVE\WKHLUYLVFRVLW\

7KH$3,FODVVLILFDWLRQVSHFLILHVWKHTXDOLW\DQG
SHUIRUPDQFHUDWLQJRIHQJLQHRLOV8VH6*RU
KLJKHURLOVH[FOXGLQJRLOVPDUNHGDV´(QHUJ\
&RQVHUYLQJµRU´5HVRXUFH&RQVHUYLQJµRQWKH
FLUFXODU$3,VHUYLFHV\PERO
0DLQWHQDQFH)XQGDPHQWDOV
0DLQWHQDQFH

2LOFRGH
2LOFODVVLILFDWLRQ
1RWUHFRPPHQGHG 5HFRPPHQGHG
background
%UDNH)OXLG
'RQRWDGGRUUHSODFHEUDNHIOXLGH[FHSWLQDQ
HPHUJHQF\8VHRQO\IUHVKEUDNHIOXLGIURPD
VHDOHGFRQWDLQHU,I\RXGRDGGIOXLGKDYHWKH
EUDNHV\VWHPVHUYLFHGE\\RXUGHDOHUDVVRRQDV
SRVVLEOH
127,&(
%UDNHIOXLGFDQGDPDJHSODVWLFDQGSDLQWHGVXUIDFHV
:LSHXSVSLOOVLPPHGLDWHO\DQGZDVKWKRURXJKO\
5HFRPPHQGHGEUDNHIOXLG
+RQGD'27%UDNH)OXLGRUHTXLYDOHQW
3
:$51,1*
&OHDQILOOHUFDSEHIRUHUHPRYLQJ8VH
RQO\'27IOXLGIURPDVHDOHG
FRQWDLQHU
'ULYH&KDLQ
7KHGULYHFKDLQPXVWEHLQVSHFWHGDQG
OXEULFDWHGUHJXODUO\,QVSHFWWKHFKDLQPRUH
IUHTXHQWO\LI\RXRIWHQULGHRQEDGURDGVULGHDW
KLJKVSHHGRUULGHZLWKUHSHDWHGIDVW
DFFHOHUDWLRQ
2 3
,IWKHFKDLQGRHVQRWPRYHVPRRWKO\PDNHV
VWUDQJHQRLVHVKDVGDPDJHGUROOHUVKDVORRVH
SLQVKDVPLVVLQJ2ULQJVRUNLQNVKDYHWKH
FKDLQLQVSHFWHGE\\RXUGHDOHU
0DLQWHQDQFH)XQGDPHQWDOV
0DLQWHQDQFH

&RQWLQXHG
background
$OVRLQVSHFWWKHGULYHVSURFNHWDQGGULYHQ
VSURFNHW,IHLWKHUKDVZRUQRUGDPDJHGWHHWK
KDYHWKHVSURFNHWUHSODFHGE\\RXUGHDOHU
127,&(
8VHRIDQHZFKDLQZLWKZRUQVSURFNHWVZLOOFDXVH
UDSLGFKDLQZHDU
&OHDQLQJDQG/XEULFDWLQJ
$IWHULQVSHFWLQJWKHVODFNFOHDQWKHFKDLQDQG
VSURFNHWVZKLOHURWDWLQJWKHUHDUZKHHO8VHD
GU\FORWKZLWKFKDLQFOHDQHUGHVLJQHG
VSHFLILFDOO\IRU2ULQJFKDLQVRUQHXWUDO
GHWHUJHQW8VHDVRIWEUXVKLIWKHFKDLQLVGLUW\
$IWHUFOHDQLQJZLSHGU\DQGOXEULFDWHZLWKWKH
UHFRPPHQGHGOXEULFDQW
5HFRPPHQGHGOXEULFDQW
3UR+RQGD+3&KDLQ/XEHRUHTXLYDOHQW
0DLQWHQDQFH)XQGDPHQWDOV
0DLQWHQDQFH

1RUPDO
*22'
:RUQ
5(3/$&(
'DPDJHG
5(3/$&(
background
'RQRWXVHDVWHDPFOHDQHUDKLJKSUHVVXUH
FOHDQHUDZLUHEUXVKYRODWLOHVROYHQWVXFKDV
JDVROLQHDQGEHQ]HQHDEUDVLYHFOHDQHUFKDLQ
FOHDQHURUOXEULFDQW127GHVLJQHGVSHFLILFDOO\
IRU2ULQJFKDLQVDVWKHVHFDQGDPDJHWKH
UXEEHU2ULQJVHDOV
$YRLGJHWWLQJOXEULFDQWRQWKHEUDNHVRUWLUHV
$YRLGDSSO\LQJH[FHVVFKDLQOXEULFDQWWRSUHYHQW
VSUD\RQWR\RXUFORWKHVDQGWKHPRWRUF\FOH
5HFRPPHQGHG&RRODQW
3UR+RQGD+3&RRODQWLVDSUHPL[HGVROXWLRQ
RIDQWLIUHH]HDQGGLVWLOOHGZDWHU
&RQFHQWUDWLRQ
DQWLIUHH]HDQGGLVWLOOHGZDWHU
$FRQFHQWUDWLRQRIDQWLIUHH]HEHORZZLOO
QRWSURYLGHSURSHUFRUURVLRQDQGFROG
WHPSHUDWXUHSURWHFWLRQ
$FRQFHQWUDWLRQRIXSWRZLOOSURYLGHEHWWHU
SURWHFWLRQLQFROGHUFOLPDWHV
127,&(
8VLQJFRRODQWQRWVSHFLILHGIRUDOXPLQXPHQJLQHV
RUWDSPLQHUDOZDWHUFDQFDXVHFRUURVLRQ
&UDQNFDVH%UHDWKHU
6HUYLFHPRUHIUHTXHQWO\ZKHQULGLQJLQUDLQDW
IXOOWKURWWOHRUDIWHUWKHPRWRUF\FOHLVZDVKHGRU
RYHUWXUQHG6HUYLFHLIWKHGHSRVLWOHYHOFDQEH
VHHQLQWKHWUDQVSDUHQWVHFWLRQRIWKHGUDLQ
WXEH
,IWKHGUDLQWXEHRYHUIORZVWKHDLUILOWHUPD\
EHFRPHFRQWDPLQDWHGZLWKHQJLQHRLOFDXVLQJ
SRRUHQJLQHSHUIRUPDQFH
2 3
0DLQWHQDQFH)XQGDPHQWDOV
0DLQWHQDQFH

background
7LUHV,QVSHFWLQJ5HSODFLQJ
&KHFNLQJWKH$LU3UHVVXUH
9LVXDOO\LQVSHFW\RXUWLUHVDQGXVHDQDLU
SUHVVXUHJDXJHWRPHDVXUHWKHDLUSUHVVXUHDW
OHDVWRQFHDPRQWKRUDQ\WLPH\RXWKLQNWKH
WLUHVORRNORZ$OZD\VFKHFNDLUSUHVVXUHZKHQ
\RXUWLUHVDUHFROG
,QVSHFWLQJIRU'DPDJH
,QVSHFWWKHWLUHVIRU
FXWVVOLWVRUFUDFNVWKDW
H[SRVHVIDEULFRU
FRUGVRUQDLOVRURWKHU
IRUHLJQREMHFWV
HPEHGGHGLQWKHVLGH
RIWKHWLUHRUWKHWUHDG
$OVRLQVSHFWIRUDQ\XQXVXDOEXPSVRUEXOJHVLQ
WKHVLGHZDOOVRIWKHWLUHV
,QVSHFWLQJIRU$EQRUPDO:HDU
,QVSHFWWKHWLUHVIRU
VLJQVRIDEQRUPDOZHDU
RQWKHFRQWDFWVXUIDFH
0DLQWHQDQFH)XQGDPHQWDOV
0DLQWHQDQFH

background
,QVSHFWLQJ7UHDG'HSWK
,QVSHFWWKHWUHDGZHDULQGLFDWRUV,IWKH\
EHFRPHYLVLEOHUHSODFHWKHWLUHVLPPHGLDWHO\
)RUVDIHULGLQJ\RXVKRXOGUHSODFHWKHWLUHV
ZKHQWKHPLQLPXPWUHDGGHSWKLVUHDFKHG
3
:$51,1*
5LGLQJRQWLUHVWKDWDUHH[FHVVLYHO\ZRUQ
RULPSURSHUO\LQIODWHGFDQFDXVHDFUDVK
LQZKLFK\RXFDQEHVHULRXVO\KXUWRU
NLOOHG
)ROORZDOOLQVWUXFWLRQVLQWKLVRZQHUV
PDQXDOUHJDUGLQJWLUHLQIODWLRQDQG
PDLQWHQDQFH
+DYH\RXUWLUHVUHSODFHGE\\RXUGHDOHU
)RUUHFRPPHQGHGWLUHVDLUSUHVVXUHDQG
PLQLPXPWUHDGGHSWKVHH´6SHFLILFDWLRQVµ
2 3
)ROORZWKHVHJXLGHOLQHVZKHQHYHU\RXUHSODFH
WLUHV
8VHWKHUHFRPPHQGHGWLUHVRUHTXLYDOHQWV
RIWKHVDPHVL]HFRQVWUXFWLRQVSHHGUDWLQJ
DQGORDGUDQJH
0DLQWHQDQFH)XQGDPHQWDOV
0DLQWHQDQFH

&RQWLQXHG
:HDULQGLFDWRU
ORFDWLRQPDUN
RU7:,
background
+DYHWKHZKHHOEDODQFHGZLWK+RQGD
*HQXLQHEDODQFHZHLJKWVRUHTXLYDOHQWDIWHU
WKHWLUHLVLQVWDOOHG
'RQRWLQVWDOODWXEHLQVLGHDWXEHOHVVWLUHRQ
WKLVPRWRUF\FOH([FHVVLYHKHDWEXLOGXSFDQ
FDXVHWKHWXEHWREXUVW
8VHRQO\WXEHOHVVWLUHVRQWKLVPRWRUF\FOH
7KHULPVDUHGHVLJQHGIRUWXEHOHVVWLUHVDQG
GXULQJKDUGDFFHOHUDWLRQRUEUDNLQJDWXEH
W\SHWLUHFRXOGVOLSRQWKHULPDQGFDXVHWKH
WLUHWRUDSLGO\GHIODWH
3
:$51,1*
,QVWDOOLQJLPSURSHUWLUHVRQ\RXU
PRWRUF\FOHFDQDGYHUVHO\DIIHFW
KDQGOLQJDQGVWDELOLW\DQGFDQFDXVHD
FUDVKLQZKLFK\RXFDQEHVHULRXVO\KXUW
RUNLOOHG
$OZD\VXVHWKHVL]HDQGW\SHRIWLUHV
UHFRPPHQGHGLQWKLVRZQHUVPDQXDO
7LUH6HUYLFH/LIH
7KHVHUYLFHOLIHRI\RXUWLUHVLVGHSHQGHQWRQ
PDQ\IDFWRUVLQFOXGLQJEXWQRWOLPLWHGWR
ULGLQJKDELWVURDGFRQGLWLRQVYHKLFOHORDGLQJ
WLUHDLUSUHVVXUHPDLQWHQDQFHKLVWRU\VSHHG
DQGHQYLURQPHQWDOFRQGLWLRQVHYHQZKHQWKH
WLUHVDUHQRWLQXVH
,QDGGLWLRQWR\RXUUHJXODULQVSHFWLRQVDQG
PDLQWHQDQFHLWLVUHFRPPHQGHGWKDW\RXKDYH
DQQXDOLQVSHFWLRQVSHUIRUPHGRQFHWKHWLUHV
UHDFK\HDUVROG,WLVDOVRUHFRPPHQGHGWKDW
DOOWLUHVEHUHPRYHGIURPVHUYLFHDIWHU\HDUV
IURPWKHGDWHRIPDQXIDFWXUHUHJDUGOHVVRI
WKHLUFRQGLWLRQRUVWDWHRIZHDU
7KHODVWIRXUGLJLWVRIWKH7,1WLUHLGHQWLILFDWLRQ
QXPEHULQGLFDWHWKHGDWHRIPDQXIDFWXUH
0DLQWHQDQFH)XQGDPHQWDOV
0DLQWHQDQFH

background
7LUH,GHQWLILFDWLRQ1XPEHU7,1
7KHWLUHLGHQWLILFDWLRQQXPEHU7,1LVDJURXS
RIQXPEHUVDQGOHWWHUVORFDWHGRQWKHVLGHZDOO
RIWKHWLUH
abc
'27;;;;;;;;
'27 7KLVLQGLFDWHVWKDWWKHWLUHPHHWVDOO
UHTXLUHPHQWVRIWKH86
'HSDUWPHQWRI7UDQVSRUWDWLRQ
a;;;;
)DFWRU\FRGH
b;;;;
7LUHW\SHFRGH
c 'DWHRIPDQXIDFWXUHZHHN\HDU
([DPSOHZHHNLQ\HDU
$LU&OHDQHU
7KLVPRWRUF\FOHLVHTXLSSHGZLWKDYLVFRXVW\SH
DLUFOHDQHUHOHPHQWZKLFKFDQQRWEHFOHDQHG
ZLWKFRPSUHVVHGDLURURWKHUZLVHZLWKRXW
GHJUDGLQJLWVSHUIRUPDQFH
,IWKHILOWHUEHFRPHVGLUW\UHSODFHLWZLWKDQHZ
RQH
0DLQWHQDQFH)XQGDPHQWDOV
0DLQWHQDQFH

7LUH/DEHOLQJ([DPSOH
7LUHLGHQWLILFDWLRQ
QXPEHU7,1
background
5HPRYLQJ,QVWDOOLQJ%RG\&RPSRQHQWV
%DWWHU\
5HPRYDO
0DNHVXUHWKHLJQLWLRQVZLWFKLVLQWKH2))
SRVLWLRQ

5HPRYHWKHIURQWVHDW2 3

8QKRRNWKHUXEEHUVWUDSIURPUHDUVLGH

'LVFRQQHFWWKHQHJDWLYH-WHUPLQDOIURP
WKHEDWWHU\

'LVFRQQHFWWKHSRVLWLYH+WHUPLQDOIURP
WKHEDWWHU\

5HPRYHWKHEDWWHU\WDNLQJFDUHQRWWR
GURSWKHWHUPLQDOQXWV
,QVWDOODWLRQ
,QVWDOOWKHSDUWVLQWKHUHYHUVHRUGHURI
UHPRYDO$OZD\VFRQQHFWWKHSRVLWLYH+
WHUPLQDOILUVW0DNHVXUHWKDWEROWVDQGQXWV
DUHWLJKW
0DNHVXUHWKHFORFNLQIRUPDWLRQLVFRUUHFW
DIWHUWKHEDWWHU\LVUHFRQQHFWHG
2 3
)RUSURSHUKDQGOLQJRIWKHEDWWHU\VHH
´0DLQWHQDQFH)XQGDPHQWDOVµ
2 3
´%DWWHU\*RHV'HDGµ
2 3
0DLQWHQDQFH

5XEEHUVWUDS
3RVLWLYHWHUPLQDO
1HJDWLYH
WHUPLQDO
%DWWHU\
background
&OLS
5HPRYDO

3UHVVGRZQRQWKHFHQWHUSLQWRUHOHDVH
WKHORFN

3XOOWKHFOLSRXWRIWKHKROH
,QVWDOODWLRQ

3XVKWKHERWWRPRIWKHFHQWHUSLQ

,QVHUWWKHFOLSLQWRWKHKROH

3UHVVGRZQRQWKHFHQWHUSLQWRORFNWKH
FOLS
5HPRYLQJ,QVWDOOLQJ%RG\&RPSRQHQWVu&OLS
0DLQWHQDQFH

&HQWHUSLQ
background
)URQW6HDW
5HPRYDO

3XOOWKHUHDUFRUQHUVRIWKHIURQWVHDWXS
WKHQUHPRYHWKHPRXQWLQJEROWV

3XOOWKHIURQWVHDWEDFNDQGXS
,QVWDOODWLRQ

,QVHUWWKHWDELQWRWKHUHFHVV

,QVWDOODQGWLJKWHQWKHPRXQWLQJEROWV
VHFXUHO\
0DNHVXUHWKDWWKHVHDWLVORFNHGVHFXUHO\
LQSRVLWLRQE\SXOOLQJLWXSOLJKWO\
5HPRYLQJ,QVWDOOLQJ%RG\&RPSRQHQWVu)URQW6HDW
0DLQWHQDQFH

7DE
)URQW
VHDW
5HFHVV
0RXQWLQJ
EROWV
background
5HDU6HDW
5HPRYDO

0RYHWKHVHDWVWUDSIRUZDUG

,QVHUWWKHLJQLWLRQNH\LQWRWKHVHDWORFN

7XUQLWFORFNZLVHWKHQSXOOWKHUHDUVHDW
IRUZDUGDQGXS
,QVWDOODWLRQ

,QVHUWWKHWDELQWRWKHUHFHVV

3XVKGRZQRQWKHIURQWRIWKHUHDUVHDW
ZKLOHLQVHUWLQJWKHLJQLWLRQNH\LQWRWKH
VHDWORFN
0DNHVXUHWKDWWKHVHDWLVORFNHGVHFXUHO\
LQSRVLWLRQE\SXOOLQJLWXSOLJKWO\

0RYHWKHVHDWVWUDSWRLWVRULJLQDO
SRVLWLRQ
7KHVHDWORFNVDXWRPDWLFDOO\ZKHQFORVHG
5HPRYLQJ,QVWDOOLQJ%RG\&RPSRQHQWVu5HDU6HDW
0DLQWHQDQFH

6HDWVWUDS
2ULJLQDOSRVLWLRQ
5HDUVHDW
6HDWORFN
,JQLWLRQNH\
7DE
5HFHVV
background
5LJKW6LGH&RYHU
5HPRYDO

5HPRYHWKHIURQWVHDW2 3

5HPRYHWKHEROWDQGFOLS2 3

5HPRYHWKHSURQJVIURPWKHJURPPHWV
WKHQUHPRYHWKHULJKWVLGHFRYHUE\
UHOHDVLQJWKHKRRNV
,QVWDOODWLRQ
,QVWDOOWKHSDUWVLQWKHUHYHUVHRUGHURI
UHPRYDO
5HPRYLQJ,QVWDOOLQJ%RG\&RPSRQHQWVu5LJKW6LGH&RYHU
0DLQWHQDQFH

&OLS
5LJKWVLGHFRYHU
%ROW
*URPPHWV
3URQJV
3URQJ
+RRNV
background
(QJLQH2LO
&KHFNLQJWKH(QJLQH2LO

,IWKHHQJLQHLVFROGLGOHWKHHQJLQHIRU
WRPLQXWHV

7XUQWKHLJQLWLRQVZLWFKWRWKH2))
SRVLWLRQDQGZDLWIRUWRPLQXWHV

3ODFH\RXUPRWRUF\FOHLQDQXSULJKW
SRVLWLRQRQDILUPOHYHOVXUIDFH

&KHFNWKDWWKHRLOOHYHOLVEHWZHHQWKH
XSSHUOHYHODQGORZHUOHYHOPDUNVRQWKH
RLOOHYHOLQVSHFWLRQZLQGRZ
0DLQWHQDQFH

2LOILOOFDS
2LOOHYHOLQVSHFWLRQ
ZLQGRZ
8SSHUOHYHO
/RZHUOHYHO
background
$GGLQJ(QJLQH2LO
,IWKHHQJLQHRLOLVEHORZRUQHDUWKHORZHU
OHYHOPDUNDGGWKHUHFRPPHQGHGHQJLQHRLO
2 32 3

5HPRYHWKHRLOILOOFDS$GGWKH
UHFRPPHQGHGRLOXQWLOLWUHDFKHVWKH
XSSHUOHYHOPDUN
u 3ODFH\RXUPRWRUF\FOHLQDQXSULJKW
SRVLWLRQRQDILUPOHYHOVXUIDFHZKHQ
FKHFNLQJWKHRLOOHYHO
u 'RQRWRYHUILOODERYHWKHXSSHUOHYHO
PDUN
u 0DNHVXUHQRIRUHLJQREMHFWVHQWHUWKH
RLOILOOHURSHQLQJ
u :LSHXSDQ\VSLOOVLPPHGLDWHO\

6HFXUHO\UHLQVWDOOWKHRLOILOOFDS
127,&(
2YHUILOOLQJZLWKRLORURSHUDWLQJZLWKLQVXIILFLHQW
RLOFDQFDXVHGDPDJHWR\RXUHQJLQH'RQRWPL[
GLIIHUHQWEUDQGVDQGJUDGHVRIRLO7KH\PD\
DIIHFWOXEULFDWLRQDQGFOXWFKRSHUDWLRQ
)RUWKHUHFRPPHQGHGRLODQGRLOVHOHFWLRQ
JXLGHOLQHVVHH´0DLQWHQDQFH)XQGDPHQWDOVµ
2 3
(QJLQH2LOu$GGLQJ(QJLQH2LO
0DLQWHQDQFH

background
&KDQJLQJ(QJLQH2LO)LOWHU
&KDQJLQJWKHRLODQGILOWHUUHTXLUHVVSHFLDO
WRROV:HUHFRPPHQGWKDW\RXKDYH\RXU
PRWRUF\FOHVHUYLFHGE\\RXUGHDOHU
8VHDQHZ+RQGD*HQXLQHRLOILOWHURU
HTXLYDOHQWVSHFLILHGIRU\RXUPRGHO
127,&(
8VLQJWKHZURQJRLOILOWHUFDQUHVXOWLQVHULRXV
GDPDJHWRWKHHQJLQH

,IWKHHQJLQHLVFROGLGOHWKHHQJLQHIRU
WRPLQXWHV

7XUQWKHLJQLWLRQVZLWFKWRWKH2))
SRVLWLRQDQGZDLWIRUWRPLQXWHV

3ODFH\RXUPRWRUF\FOHRQDILUPOHYHO
VXUIDFH

3ODFHDGUDLQSDQXQGHUWKHGUDLQEROW

5HPRYHWKHRLOILOOFDSGUDLQEROWDQG
VHDOLQJZDVKHUWRGUDLQWKHRLO

5HPRYHWKHRLOILOWHUZLWKDILOWHUZUHQFK
DQGOHWWKHUHPDLQLQJRLOGUDLQRXW0DNH
VXUHWKHSULRUVHDOLVQRWVWXFNWRWKH
HQJLQH
u 'LVFDUGWKHRLODQGRLOILOWHUDWDQ
DSSURYHGUHF\FOLQJFHQWHU
(QJLQH2LOu&KDQJLQJ(QJLQH2LO)LOWHU
0DLQWHQDQFH

&RQWLQXHG
6HDOLQJZDVKHU
'UDLQEROW
background

$SSO\DWKLQFRDWRIHQJLQHRLOWRWKH
UXEEHUVHDORIDQHZRLOILOWHU

,QVWDOOWKHQHZRLOILOWHUDQGWLJKWHQ
7RUTXHOEIÃIW1ÃPNJIÃP

,QVWDOODQHZVHDOLQJZDVKHURQWRWKH
GUDLQEROW7LJKWHQWKHGUDLQEROW
7RUTXHOEIÃIW1ÃPNJIÃP

)LOOWKHFUDQNFDVHZLWKWKHUHFRPPHQGHG
RLO
2 32 3DQGLQVWDOOWKHRLOILOO
FDS
5HTXLUHGRLO
:KHQFKDQJLQJRLOHQJLQHRLO
ILOWHU
86TW/
:KHQFKDQJLQJRLORQO\
86TW/

&KHFNWKHRLOOHYHO2 3

&KHFNWKDWWKHUHDUHQRRLOOHDNV
(QJLQH2LOu&KDQJLQJ(QJLQH2LO)LOWHU
0DLQWHQDQFH

5XEEHUVHDO
2LOILOWHU
background
$LU&OHDQHU
&KDQJLQJ$LU&OHDQHU(OHPHQW
8VHDQHZ+RQGD*HQXLQHDLUFOHDQHU
HOHPHQWRUDQHTXLYDOHQWVSHFLILHGIRU\RXU
PRWRUF\FOH
127,&(
8VLQJWKHZURQJDLUFOHDQHUHOHPHQWPD\FDXVH
SUHPDWXUHHQJLQHZHDURUSHUIRUPDQFHSUREOHPV

5HPRYHWKHIURQWVHDW2 3

5HPRYHWKHEDWWHU\2 3

5HPRYHWKHMXQFWLRQFRQQHFWRUE\
UHPRYLQJVFUHZ$

5HPRYHWKHDLUFOHDQHUFDVHFRYHU
HOHPHQWE\UHPRYLQJVFUHZV$

5HPRYHWKHDLUFOHDQHUHOHPHQWE\
UHPRYLQJVFUHZV%

,QVWDOOWKHQHZDLUFOHDQHUHOHPHQW
u 0DNHVXUHWKHDLUFOHDQHUHOHPHQWLV
LQVWDOOHGVHFXUHO\

,QVWDOOWKHSDUWVLQWKHUHYHUVHRUGHURI
UHPRYDO
0DLQWHQDQFH

$LUFOHDQHU
HOHPHQW
6FUHZV%
6FUHZV$
6FUHZV$
-XQFWLRQ
FRQQHFWRU
$LUFOHDQHUFDVH
FRYHUHOHPHQW
background
&RRODQW
&KHFNLQJWKH&RRODQW
&KHFNWKHFRRODQWOHYHOLQWKHUHVHUYHWDQN
ZKLOHWKHHQJLQHLVFROG

3ODFH\RXUPRWRUF\FOHRQDILUPOHYHO
VXUIDFH

+ROG\RXUPRWRUF\FOHLQDQXSULJKW
SRVLWLRQ

&KHFNWKDWWKHFRRODQWOHYHOLVEHWZHHQ
WKH833(5OHYHODQG/2:(5OHYHOPDUNV
RQWKHUHVHUYHWDQN
,IWKHFRRODQWOHYHOLVGURSSLQJQRWLFHDEO\RU
WKHUHVHUYHWDQNLVHPSW\\RXOLNHO\KDYHD
VHULRXVOHDN+DYH\RXUPRWRUF\FOHLQVSHFWHG
E\\RXUGHDOHU
$GGLQJ&RRODQW
,IWKHFRRODQWOHYHOLVEHORZWKH/2:(5OHYHO
PDUNDGGWKHUHFRPPHQGHGFRRODQW
2 3XQWLOWKHOHYHOUHDFKHVWKH833(5
OHYHOPDUN
$GGIOXLGRQO\IURPWKHUHVHUYHWDQNFDSDQG
GRQRWUHPRYHWKHUDGLDWRUFDS
0DLQWHQDQFH

833(5OHYHO
/2:(5OHYHO
5HVHUYHWDQN
background

5HPRYHWKHUHVHUYHWDQNFDSDQGDGG
IOXLGZKLOHPRQLWRULQJWKHFRRODQWOHYHO
u 'RQRWRYHUILOODERYHWKH833(5OHYHO
PDUN
u 0DNHVXUHQRIRUHLJQREMHFWVHQWHUWKH
UHVHUYHWDQNRSHQLQJ

6HFXUHO\UHLQVWDOOWKHUHVHUYHWDQNFDS
3
:$51,1*
5HPRYLQJWKHUDGLDWRUFDSZKLOHWKH
HQJLQHLVKRWFDQFDXVHWKHFRRODQWWR
VSUD\RXWSRWHQWLDOO\VFDOGLQJ\RX
$OZD\VOHWWKHHQJLQHDQGUDGLDWRUFRRO
GRZQEHIRUHUHPRYLQJWKHUDGLDWRUFDS
&KDQJLQJ&RRODQW
+DYH\RXUGHDOHUFKDQJHWKHFRRODQWXQOHVV
\RXKDYHWKHSURSHUWRROVDQGDUH
PHFKDQLFDOO\TXDOLILHG
&RRODQWu&KDQJLQJ&RRODQW
0DLQWHQDQFH

5HVHUYHWDQNFDS
background
%UDNHV
&KHFNLQJ%UDNH)OXLG

3ODFH\RXUPRWRUF\FOHLQDQXSULJKW
SRVLWLRQRQDILUPOHYHOVXUIDFH

)URQW
&KHFNWKDWWKHEUDNHIOXLGUHVHUYRLU
LVKRUL]RQWDODQGWKDWWKHIOXLGOHYHOLV
DERYHWKH/:5PDUN
5HDU
&KHFNWKDWWKHEUDNHIOXLGUHVHUYRLU
LVKRUL]RQWDODQGWKDWWKHIOXLGOHYHOLV
EHWZHHQWKH/2:(5OHYHODQG833(5
OHYHOPDUNV
,IWKHEUDNHIOXLGOHYHOLQHLWKHUUHVHUYRLULV
EHORZWKH/:5PDUNRU/2:(5OHYHOPDUNRU
WKHEUDNHOHYHUDQGSHGDOIUHHSOD\EHFRPHV
H[FHVVLYHLQVSHFWWKHEUDNHSDGVIRUZHDU
,IWKHEUDNHSDGVDUHQRWZRUQ\RXPRVW
OLNHO\KDYHDOHDN+DYH\RXUPRWRUF\FOH
LQVSHFWHGE\\RXUGHDOHU
0DLQWHQDQFH

)URQWEUDNHIOXLGUHVHUYRLU
/:5PDUN
833(5OHYHO
PDUN
/2:(5OHYHO
PDUN
5HDUEUDNHIOXLGUHVHUYRLU
)URQW 5HDU
background
,QVSHFWLQJWKH%UDNH3DGV
&KHFNWKHFRQGLWLRQRIWKHEUDNHSDGZHDU
LQGLFDWRUV
7KHSDGVQHHGWREHUHSODFHGLIDEUDNHSDG
LVZRUQWRWKHLQGLFDWRU

)URQW
,QVSHFWWKHEUDNHSDGVIURPEHORZ
WKHEUDNHFDOLSHU

5HDU
,QVSHFWWKHEUDNHSDGVIURPWKHUHDU
ULJKWRIWKHPRWRUF\FOH
,IQHFHVVDU\KDYHWKHSDGVUHSODFHGE\\RXU
GHDOHU
$OZD\VUHSODFHERWKOHIWDQGULJKWEUDNHSDGV
DWWKHVDPHWLPH
%UDNHVu,QVSHFWLQJWKH%UDNH3DGV
0DLQWHQDQFH

)URQW 5HDU
3DGV
'LVF
:HDULQGLFDWRU
3DGV
:HDULQGLFDWRU
'LVF
:HDULQGLFDWRU
:HDULQGLFDWRU
background
$GMXVWLQJWKH%UDNH/LJKW
6ZLWFK
&KHFNWKHRSHUDWLRQRIWKHEUDNHOLJKWVZLWFK
+ROGWKHEUDNHOLJKWVZLWFKDQGWXUQWKH
DGMXVWLQJQXWLQWKHGLUHFWLRQ$LIWKHVZLWFK
RSHUDWHVWRRODWHRUWXUQWKHQXWLQWKH
GLUHFWLRQ%LIWKHVZLWFKRSHUDWHVWRRVRRQ
%UDNHVu$GMXVWLQJWKH%UDNH/LJKW6ZLWFK
0DLQWHQDQFH

%UDNHOLJKWVZLWFK
$GMXVWLQJQXW
%
$
background
6LGH6WDQG
&KHFNLQJWKH6LGH6WDQG

&KHFNWKDWWKHVLGHVWDQGRSHUDWHV
VPRRWKO\,IWKHVLGHVWDQGLVVWLIIRU
VTXHDN\FOHDQWKHSLYRWDUHDDQG
OXEULFDWHWKHSLYRWEROWZLWKFOHDQJUHDVH

&KHFNWKHVSULQJIRUGDPDJHRUORVVRI
WHQVLRQ

6LWRQWKHPRWRUF\FOHVKLIWWKH
WUDQVPLVVLRQWR1HXWUDODQGUDLVHWKHVLGH
VWDQG

6WDUWWKHHQJLQHSXOOWKHFOXWFKOHYHULQ
DQGVKLIWWKHWUDQVPLVVLRQLQWRJHDU

/RZHUWKHVLGHVWDQGDOOWKHZD\7KH
HQJLQHVKRXOGVWRSDV\RXORZHUWKHVLGH
VWDQG,IWKHHQJLQHGRHVQWVWRSKDYH
\RXUPRWRUF\FOHLQVSHFWHGE\\RXUGHDOHU
0DLQWHQDQFH

6LGHVWDQGVSULQJ
background
'ULYH&KDLQ
,QVSHFWLQJWKH'ULYH&KDLQ
6ODFN
&KHFNWKHGULYHFKDLQVODFNDWVHYHUDOSRLQWV
DORQJWKHFKDLQ,IWKHVODFNLVQRWFRQVWDQWDW
DOOSRLQWVVRPHOLQNVPD\EHNLQNHGDQG
ELQGLQJ
+DYHWKHFKDLQLQVSHFWHGE\\RXUGHDOHU

6KLIWWKHWUDQVPLVVLRQWR1HXWUDO6WRSWKH
HQJLQH

3ODFH\RXUPRWRUF\FOHRQLWVVLGHVWDQGRQ
DILUPOHYHOVXUIDFH

&KHFNWKHVODFNLQWKHORZHUKDOIRIWKH
GULYHFKDLQPLGZD\EHWZHHQWKH
VSURFNHWV
'ULYHFKDLQVODFN
LQPP
u 'RQRWULGH\RXUPRWRUF\FOHLIWKH
VODFNH[FHHGVLQPP

5ROOWKHPRWRUF\FOHIRUZDUGDQGFKHFN
WKDWWKHFKDLQPRYHVVPRRWKO\

,QVSHFWWKHVSURFNHWV2 3

&OHDQDQGOXEULFDWHWKHGULYHFKDLQ
2 3
0DLQWHQDQFH

background
$GMXVWLQJWKH'ULYH&KDLQ6ODFN
$GMXVWLQJWKHFKDLQUHTXLUHVVSHFLDOWRROV
+DYHWKHGULYHFKDLQVODFNDGMXVWHGE\\RXU
GHDOHU
&%)$RQO\
:KHQDGMXVWLQJWKHGULYHFKDLQVODFNEH
FDUHIXOQRWWRGDPDJHWKHZKHHOVSHHG
VHQVRUDQGSXOVHUULQJ

6KLIWWKHWUDQVPLVVLRQWR1HXWUDO6WRSWKH
HQJLQH

3ODFH\RXUPRWRUF\FOHRQLWVVLGHVWDQGRQ
DILUPOHYHOVXUIDFH

/RRVHQWKHUHDUD[OHQXW

/RRVHQWKHORFNQXWVRQERWKVLGHVRIWKH
VZLQJDUP
'ULYH&KDLQu$GMXVWLQJWKH'ULYH&KDLQ6ODFN
0DLQWHQDQFH

&RQWLQXHG
/RFNQXW
$GMXVWLQJ
QXW
3XOVHUULQJ
5HDUD[OH
QXW
:KHHOVSHHG
VHQVRU
&%)$RQO\
&%)$RQO\
5HDUHGJHRI
DGMXVWLQJVORW
&KDLQDGMXVWHU
LQGH[PDUN
/RFNQXW
$GMXVWLQJQXW
background

7XUQERWKDGMXVWLQJQXWVDQHTXDO
QXPEHURIWXUQVXQWLOWKHFRUUHFWGULYH
FKDLQVODFNLVREWDLQHG7XUQWKHDGMXVWLQJ
QXWVFORFNZLVHWRWLJKWHQWKHFKDLQ7XUQ
WKHDGMXVWLQJQXWVFRXQWHUFORFNZLVHWR
SURYLGHPRUHVODFN
$GMXVWWKHVODFNDWDSRLQWPLGZD\
EHWZHHQWKHGULYHVSURFNHWDQGWKH
GULYHQVSURFNHW
&KHFNWKHGULYHFKDLQVODFN
2 3

&KHFNUHDUD[OHDOLJQPHQWE\PDNLQJVXUH
WKHFKDLQDGMXVWHULQGH[PDUNVDOLJQZLWK
WKHUHDUHGJHRIWKHDGMXVWLQJVORWV
%RWKPDUNVVKRXOGFRUUHVSRQG,IWKHD[OH
LVPLVDOLJQHGWXUQWKHULJKWRUOHIW
DGMXVWLQJQXWVXQWLOWKHPDUNVDUHDOLJQHG
DQGUHFKHFNFKDLQVODFN

7LJKWHQWKHUHDUD[OHQXW
7RUTXHOEIÃIW1ÃPNJIÃP

7LJKWHQWKHGULYHFKDLQDGMXVWLQJQXWV
OLJKWO\WKHQKROGWKHDGMXVWLQJQXWVDQG
WLJKWHQWKHORFNQXWV
7RUTXHOEIÃIW1ÃPNJIÃP

5HFKHFNGULYHFKDLQVODFN
,IDWRUTXHZUHQFKZDVQRWXVHGIRU
LQVWDOODWLRQVHH\RXUGHDOHUDVVRRQDV
SRVVLEOHWRYHULI\SURSHUDVVHPEO\
,PSURSHUDVVHPEO\PD\OHDGWRORVVRI
EUDNLQJFDSDFLW\
'ULYH&KDLQu$GMXVWLQJWKH'ULYH&KDLQ6ODFN
0DLQWHQDQFH

background
&KHFNLQJWKH'ULYH&KDLQ:HDU
&KHFNWKHFKDLQZHDUODEHOZKHQDGMXVWLQJ
WKHGULYHFKDLQ,IWKHLQGH[PDUNRQWKH
ZDVKHUHQWHUVWKHUHG]RQHRQWKHODEHODIWHU
WKHFKDLQKDVEHHQDGMXVWHGWRWKHSURSHU
VODFNWKHFKDLQLVH[FHVVLYHO\ZRUQDQGPXVW
EHUHSODFHG
&KDLQ','9
,IQHFHVVDU\KDYHWKHGULYHFKDLQUHSODFHGE\
\RXUGHDOHU
'ULYH&KDLQu$GMXVWLQJWKH'ULYH&KDLQ6ODFN
0DLQWHQDQFH

,QGH[PDUN
5HG]RQH
background
&OXWFK
&KHFNLQJWKH&OXWFK
&KHFNLQJWKH&OXWFK/HYHU)UHHSOD\
&KHFNWKHFOXWFKOHYHUIUHHSOD\
)UHHSOD\DWWKHFOXWFKOHYHU
LQPP
&KHFNWKHFOXWFKFDEOHIRUNLQNVRUVLJQVRI
ZHDU,IQHFHVVDU\KDYHLWUHSODFHGE\\RXU
GHDOHU
/XEULFDWHWKHFOXWFKFDEOHZLWKD
FRPPHUFLDOO\DYDLODEOHFDEOHOXEULFDQWWR
SUHYHQWSUHPDWXUHZHDUDQGFRUURVLRQ
127,&(
,PSURSHUIUHHSOD\DGMXVWPHQWFDQFDXVH
SUHPDWXUHFOXWFKZHDU
0DLQWHQDQFH

&OXWFKOHYHU
)UHHSOD\
background
$GMXVWLQJWKH&OXWFK/HYHU
)UHHSOD\
8SSHU$GMXVWPHQW
$WWHPSWDGMXVWPHQWZLWKWKHXSSHUFOXWFK
FDEOHDGMXVWHUILUVW

/RRVHQWKHXSSHUORFNQXW

7XUQWKHXSSHUFOXWFKFDEOHDGMXVWHUXQWLO
WKHIUHHSOD\LVLQPP

7LJKWHQWKHXSSHUORFNQXWDQGFKHFNWKH
IUHHSOD\DJDLQ
/RZHU$GMXVWPHQW
,IWKHXSSHUFOXWFKFDEOHDGMXVWHULVWKUHDGHG
RXWQHDULWVOLPLWRUWKHFRUUHFWIUHHSOD\
FDQQRWEHREWDLQHGDWWHPSWDGMXVWPHQWZLWK
WKHORZHUFOXWFKFDEOHDGMXVWLQJQXW
&OXWFKu$GMXVWLQJWKH&OXWFK/HYHU)UHHSOD\
0DLQWHQDQFH

&RQWLQXHG
8SSHUORFNQXW
8SSHUFOXWFKFDEOHDGMXVWHU
ằ
ẳ
background

/RRVHQWKHXSSHUORFNQXWDQGWXUQWKH
XSSHUFOXWFKFDEOHDGMXVWHUDOOWKHZD\LQ
WRSURYLGHPD[LPXPIUHHSOD\
7LJKWHQWKHXSSHUORFNQXW

/RRVHQWKHORZHUORFNQXW

7XUQWKHDGMXVWLQJQXWXQWLOWKHFOXWFK
OHYHUIUHHSOD\LVLQ
PP

7LJKWHQWKHORZHUORFNQXWDQGFKHFNWKH
FOXWFKOHYHUIUHHSOD\

6WDUWWKHHQJLQHSXOOWKHFOXWFKOHYHULQ
DQGVKLIWLQWRJHDU0DNHVXUHWKHHQJLQH
GRHVQRWVWDOODQGWKHPRWRUF\FOHGRHV
QRWFUHHS*UDGXDOO\UHOHDVHWKHFOXWFK
OHYHUDQGRSHQWKHWKURWWOH<RXU
PRWRUF\FOHVKRXOGPRYHVPRRWKO\DQG
DFFHOHUDWHJUDGXDOO\
,ISURSHUDGMXVWPHQWFDQQRWEHREWDLQHGRU
WKHFOXWFKGRHVQRWZRUNFRUUHFWO\VHH\RXU
GHDOHU
&OXWFKu$GMXVWLQJWKH&OXWFK/HYHU)UHHSOD\
0DLQWHQDQFH

/RZHUORFNQXW
$GMXVWLQJQXW
²
background
7KURWWOH
&KHFNLQJWKH7KURWWOH
:LWKWKHHQJLQHRIIFKHFNWKDWWKHWKURWWOH
URWDWHVVPRRWKO\IURPIXOO\FORVHGWRIXOO\
RSHQLQDOOVWHHULQJSRVLWLRQVDQGWKURWWOH
IUHHSOD\LVFRUUHFW,IWKHWKURWWOHGRHVQRW
PRYHVPRRWKO\FORVHDXWRPDWLFDOO\RULIWKH
FDEOHLVGDPDJHGKDYHWKHPRWRUF\FOH
LQVSHFWHGE\\RXUGHDOHU
)UHHSOD\DWWKHWKURWWOHJULSIODQJH
LQPP
$GMXVWLQJWKH7KURWWOH)UHHSOD\

6OLGHWKHFDEOHERRW

/RRVHQWKHORFNQXW

7XUQWKHDGMXVWHUXQWLOWKHIUHHSOD\LV
LQPP

7LJKWHQWKHORFNQXWDQGUHWXUQWKHFDEOH
ERRWWKHQLQVSHFWWKHWKURWWOHDFWLRQ
DJDLQ
0DLQWHQDQFH

)UHHSOD\
)ODQJH
/RFNQXW
&DEOHERRW
7KURWWOHJULS $GMXVWHU
background
&UDQNFDVH%UHDWKHU
&OHDQLQJWKH&UDQNFDVH
%UHDWKHU

3ODFHDVXLWDEOHFRQWDLQHUXQGHUWKH
FUDQNFDVHEUHDWKHUWXEH

5HPRYHWKHFUDQNFDVHEUHDWKHUWXEHSOXJ
IURPWKHWXEH

'UDLQGHSRVLWVLQWRDVXLWDEOHFRQWDLQHU

,QVWDOOWKHFUDQNFDVHEUHDWKHUWXEHSOXJ
0DLQWHQDQFH

&UDQNFDVHEUHDWKHUWXEH
&UDQNFDVHEUHDWKHUWXEHSOXJ
background
2WKHU$GMXVWPHQWV
$GMXVWLQJWKH+HDGOLJKW$LP
<RXFDQDGMXVWYHUWLFDODLPRIWKHKHDGOLJKW
IRUSURSHUDOLJQPHQW7XUQWKHSLQLRQLQRU
RXWDVQHFHVVDU\XVLQJD3KLOOLSVVFUHZGULYHU
2EH\ORFDOODZVDQGUHJXODWLRQV
0DLQWHQDQFH

3LQLRQ
5DLVH
/RZHU
background
5
1
2
3
4
$GMXVWLQJWKH%UDNH/HYHU
<RXFDQDGMXVWWKHGLVWDQFHEHWZHHQWKHWLS
RIWKHEUDNHOHYHUDQGKDQGOHJULS
$GMXVWPHQWPHWKRG
7XUQWKHDGMXVWHUXQWLOWKHQXPEHUVDOLJQZLWK
WKHLQGH[PDUNZKLOHSXVKLQJWKHOHYHU
IRUZDUGLQWKHGHVLUHGSRVLWLRQ
$IWHUDGMXVWPHQWFKHFNWKDWWKHOHYHU
RSHUDWHVFRUUHFWO\EHIRUHULGLQJ
127,&(
'RQRWWXUQWKHDGMXVWHUEH\RQGLWVQDWXUDOOLPLW
2WKHU$GMXVWPHQWVu$GMXVWLQJWKH%UDNH/HYHU
0DLQWHQDQFH

,QGH[PDUN $GMXVWHU
)RUZDUG
%UDNHOHYHU
+DQGOHJULS
background
$GMXVWLQJWKH)URQW6XVSHQVLRQ
6SULQJ3UHORDG
<RXFDQDGMXVWWKHVSULQJSUHORDGE\WKH
DGMXVWHUWRVXLWWKHORDGRUWKHURDGVXUIDFH
7XUQFORFNZLVHWRLQFUHDVHVSULQJSUHORDG
KDUGRUWXUQFRXQWHUFORFNZLVHWRGHFUHDVH
VSULQJSUHORDGVRIW7KHVWDQGDUGSRVLWLRQLV
UGJURRYHIURPWKHWRSDOLJQLQJZLWKWKH
WRSVXUIDFHRIWKHIRUNEROW
127,&(
'RQRWWXUQWKHDGMXVWHUEH\RQGLWVOLPLWV
$GMXVWERWKOHIWDQGULJKWIRUNVWRWKHVDPH
VSULQJSUHORDG
2WKHU$GMXVWPHQWVu$GMXVWLQJWKH)URQW6XVSHQVLRQ
0DLQWHQDQFH

$GMXVWHUV
)RUNEROW
UGJURRYH
background
$GMXVWLQJWKH5HDU6XVSHQVLRQ
$GMXVWLQJWKHVXVSHQVLRQUHTXLUHVDSLQ
VSDQQHU:HUHFRPPHQGWKDW\RXKDYH\RXU
PRWRUF\FOHVHUYLFHGE\\RXUGHDOHU
6SULQJ3UHORDG
<RXFDQDGMXVWWKHVSULQJSUHORDGE\WKH
DGMXVWHUWRVXLWWKHORDGRUWKHURDGVXUIDFH
7XUQWKHDGMXVWHUXVLQJDVXLWDEOHSLQ
VSDQQHUDQGH[WHQVLRQEDU
7KHSUHORDGDGMXVWHUKDVSRVLWLRQV7KH
VWDQGDUGSRVLWLRQLVZKHQWKHLQGH[PDUN
RQWKHDGMXVWHULVDOLJQHGZLWKWKHOHIWHQGRI
WKHUHDUVKRFNDEVRUEHUORZHUPRXQWLQJEROW
7XUQWKHDGMXVWHULQWKHGLUHFWLRQ$WR
GHFUHDVHVSULQJSUHORDGVRIWSRVLWLRQWR
RUWXUQWKHDGMXVWHULQWKHGLUHFWLRQ%WR
LQFUHDVHVSULQJSUHORDGKDUGSRVLWLRQWR

127,&(
$WWHPSWLQJWRDGMXVWGLUHFWO\IURPWRRUWR
PD\GDPDJHWKHVKRFNDEVRUEHU
127,&(
'RQRWWXUQWKHDGMXVWHUEH\RQGLWVOLPLWV
2WKHU$GMXVWPHQWVu$GMXVWLQJWKH5HDU6XVSHQVLRQ
0DLQWHQDQFH

$GMXVWHU
,QGH[PDUN
/RZHUPRXQWLQJ
EROW
$OLJQ6WDQGDUGSRVLWLRQ
([WHQVLRQEDU
3LQVSDQQHU
$%
background
(QJLQH:LOO1RW6WDUW 3
2YHUKHDWLQJ+LJKFRRODQWWHPSHUDWXUH
LQGLFDWRULVRQ  3
:DUQLQJ,QGLFDWRUV2QRU)ODVKLQJ 3
/RZ2LO3UHVVXUH,QGLFDWRU  3
3*0),3URJUDPPHG)XHO,QMHFWLRQ
0DOIXQFWLRQ,QGLFDWRU/DPS0,/ 3
$%6$QWLORFN%UDNH6\VWHP,QGLFDWRU  3
2WKHU:DUQLQJ,QGLFDWLRQV 3
)XHO*DXJH)DLOXUH,QGLFDWLRQ 3
7LUH3XQFWXUH  3
(OHFWULFDO7URXEOH 3
%DWWHU\*RHV'HDG3
%XUQHGRXW/LJKW%XOE  3
%ORZQ)XVH3
7URXEOHVKRRWLQJ
background
(QJLQH:LOO1RW6WDUW
6WDUWHU0RWRU2SHUDWHV%XW
(QJLQH'RHV1RW6WDUW
&KHFNWKHIROORZLQJLWHPV
&KHFNWKHFRUUHFWHQJLQHVWDUWLQJ
VHTXHQFH
2 3
&KHFNWKDWWKHUHLVJDVROLQHLQWKHIXHO
WDQN
&KHFNLIWKH3*0),PDOIXQFWLRQLQGLFDWRU
ODPS0,/LVRQ
u ,IWKHLQGLFDWRUODPSLVRQFRQWDFW
\RXUGHDOHUDVVRRQDVSRVVLEOH
6WDUWHU0RWRU'RHV1RW
2SHUDWH
&KHFNWKHIROORZLQJLWHPV
&KHFNWKHFRUUHFWHQJLQHVWDUWLQJ
VHTXHQFH
2 3
0DNHVXUHHQJLQHVWRSVZLWFKLVLQWKH
5XQSRVLWLRQ2 3
&KHFNIRUDEORZQIXVH2 3
&KHFNIRUDORRVHEDWWHU\FRQQHFWLRQ
2 3RUEDWWHU\WHUPLQDOFRUURVLRQ
2 3
&KHFNWKHFRQGLWLRQRIWKHEDWWHU\
2 3
,IWKHSUREOHPFRQWLQXHVKDYH\RXU
PRWRUF\FOHLQVSHFWHGE\\RXUGHDOHU
7URXEOHVKRRWLQJ

background
2YHUKHDWLQJ+LJKFRRODQWWHPSHUDWXUHLQGLFDWRULVRQ
7KHHQJLQHLVRYHUKHDWLQJZKHQWKHIROORZLQJ
RFFXUV
+LJKFRRODQWWHPSHUDWXUHLQGLFDWRU
FRPHVRQ
$FFHOHUDWLRQEHFRPHVVOXJJLVK
,IWKLVRFFXUVSXOOVDIHO\WRWKHVLGHRIWKH
URDGDQGSHUIRUPWKHIROORZLQJSURFHGXUH
([WHQGHGIDVWLGOLQJPD\FDXVHWKHKLJK
FRRODQWWHPSHUDWXUHLQGLFDWRUWRFRPHRQ
127,&(
&RQWLQXLQJWRULGHZLWKDQRYHUKHDWHGHQJLQH
FDQFDXVHVHULRXVGDPDJHWRWKHHQJLQH

6WRSWKHHQJLQHXVLQJWKHLJQLWLRQVZLWFK
DQGWKHQWXUQWKHLJQLWLRQVZLWFKWRWKH
21SRVLWLRQ

&KHFNWKDWWKHUDGLDWRUIDQLVRSHUDWLQJ
DQGWKHQWXUQWKHLJQLWLRQVZLWFKWRWKH
2))SRVLWLRQ
,IWKHIDQLVQRWRSHUDWLQJ
6XVSHFWDIDXOW'RQRWVWDUWWKHHQJLQH
7UDQVSRUW\RXUPRWRUF\FOHWR\RXUGHDOHU
,IWKHIDQLVRSHUDWLQJ
$OORZWKHHQJLQHWRFRROZLWKWKHLJQLWLRQ
VZLWFKLQWKH2))SRVLWLRQ

$IWHUWKHHQJLQHKDVFRROHGLQVSHFWWKH
UDGLDWRUKRVHDQGFKHFNLIWKHUHLVDOHDN
2 3
,IWKHUHLVDOHDN
'RQRWVWDUWWKHHQJLQH7UDQVSRUW\RXU
PRWRUF\FOHWR\RXUGHDOHU

&KHFNWKHFRRODQWOHYHOLQWKHUHVHUYH
WDQN
2 3
u $GGFRRODQWDVQHFHVVDU\

,IFKHFNQRUPDO\RXPD\FRQWLQXH
ULGLQJEXWFORVHO\PRQLWRUWKHKLJK
FRRODQWWHPSHUDWXUHLQGLFDWRU
7URXEOHVKRRWLQJ

background
:DUQLQJ,QGLFDWRUV2QRU)ODVKLQJ
/RZ2LO3UHVVXUH,QGLFDWRU
,IWKHORZRLOSUHVVXUHLQGLFDWRUFRPHVRQ
SXOOVDIHO\WRWKHVLGHRIWKHURDGDQGVWRS
WKHHQJLQH
127,&(
&RQWLQXLQJWRULGHZLWKORZRLOSUHVVXUHFDQ
FDXVHVHULRXVGDPDJHWRWKHHQJLQH

&KHFNWKHHQJLQHRLOOHYHODQGDGGRLODV
QHFHVVDU\
2 32 3

6WDUWWKHHQJLQH
u 2QO\FRQWLQXHULGLQJLIWKHORZRLO
SUHVVXUHLQGLFDWRUJRHVRII
5DSLGDFFHOHUDWLRQPD\PRPHQWDULO\FDXVH
WKHORZRLOSUHVVXUHLQGLFDWRUWRFRPHRQ
HVSHFLDOO\LIWKHRLOLVDWRUQHDUWKHORZOHYHO
,IWKHORZRLOSUHVVXUHLQGLFDWRUVWD\VRQZKHQ
WKHRLOOHYHOLVDWWKHSURSHUOHYHOVWRSWKH
HQJLQHDQGFRQWDFW\RXUGHDOHU
,IWKHHQJLQHRLOOHYHOJRHVGRZQUDSLGO\\RXU
PRWRUF\FOHPD\KDYHDOHDNRUDQRWKHU
VHULRXVSUREOHP+DYH\RXUPRWRUF\FOH
LQVSHFWHGE\\RXUGHDOHU
3*0),3URJUDPPHG)XHO
,QMHFWLRQ0DOIXQFWLRQ
,QGLFDWRU/DPS0,/
,IWKHLQGLFDWRUFRPHVRQZKLOHULGLQJ\RX
PD\KDYHDVHULRXVSUREOHPZLWKWKH3*0),
V\VWHP5HGXFHVSHHGDQGKDYH\RXU
PRWRUF\FOHLQVSHFWHGE\\RXUGHDOHUDVVRRQ
DVSRVVLEOH
7URXEOHVKRRWLQJ

background
$%6$QWLORFN%UDNH6\VWHP
,QGLFDWRU
&%)$RQO\
,IWKHLQGLFDWRURSHUDWHVLQRQHRIWKH
IROORZLQJZD\V\RXPD\KDYHDVHULRXV
SUREOHPZLWKWKH$%65HGXFH\RXUVSHHG
DQGKDYH\RXUPRWRUF\FOHLQVSHFWHGE\\RXU
GHDOHUDVVRRQDVSRVVLEOH
,QGLFDWRUFRPHVRQRUVWDUWVIODVKLQJZKLOH
ULGLQJ
,QGLFDWRUGRHVQRWFRPHRQZKHQWKH
LJQLWLRQVZLWFKLVLQWKH21SRVLWLRQ
,QGLFDWRUGRHVQRWJRRIIDWVSHHGVDERYH
PSKNPK
,IWKH$%6LQGLFDWRUVWD\VRQ\RXUEUDNHVZLOO
FRQWLQXHWRZRUNDVDFRQYHQWLRQDOV\VWHP
EXWZLWKRXWWKHDQWLORFNLQJIXQFWLRQ
7KH$%6LQGLFDWRUPD\IODVKLI\RXWXUQWKH
UHDUZKHHOZKLOH\RXUPRWRUF\FOHLVOLIWHGRII
WKHJURXQG,QWKLVFDVHWXUQWKHLJQLWLRQ
VZLWFKWRWKH2))SRVLWLRQDQGWKHQWRWKH
21SRVLWLRQDJDLQ7KH$%6LQGLFDWRUZLOOJR
RIIDIWHU\RXUVSHHGUHDFKHVPSK
NPK
:DUQLQJ,QGLFDWRUV2QRU)ODVKLQJu$%6$QWLORFN%UDNH6\VWHP,QGLFDWRU
7URXEOHVKRRWLQJ

background
2WKHU:DUQLQJ,QGLFDWLRQV
)XHO*DXJH)DLOXUH,QGLFDWLRQ
,IWKHIXHOV\VWHPKDVDQHUURUWKHIXHOJDXJH
LQGLFDWRUVZLOOEHGLVSOD\HGDVVKRZQLQWKH
LOOXVWUDWLRQV
,IWKHVHRFFXUVHH\RXUGHDOHUDVVRRQDV
SRVVLEOH
7URXEOHVKRRWLQJ

background
7LUH3XQFWXUH
5HSDLULQJDSXQFWXUHRUUHPRYLQJDZKHHO
UHTXLUHVVSHFLDOWRROVDQGWHFKQLFDOH[SHUWLVH
:HUHFRPPHQG\RXKDYHWKLVW\SHRIVHUYLFH
SHUIRUPHGE\\RXUGHDOHU
$IWHUDQHPHUJHQF\UHSDLUDOZD\VKDYHWKH
WLUHLQVSHFWHGUHSODFHGE\\RXUGHDOHU
(PHUJHQF\5HSDLU8VLQJD7LUH
5HSDLU.LW
,I\RXUWLUHKDVDPLQRUSXQFWXUH\RXFDQ
PDNHDQHPHUJHQF\UHSDLUXVLQJDWXEHOHVV
WLUHUHSDLUNLW
)ROORZWKHLQVWUXFWLRQVSURYLGHGZLWKWKH
HPHUJHQF\WLUHUHSDLUNLW
5LGLQJ\RXUPRWRUF\FOHZLWKDWHPSRUDU\WLUH
UHSDLULVYHU\ULVN\'RQRWH[FHHGPSK
NPK+DYHWKHWLUHUHSODFHGE\\RXU
GHDOHUDVVRRQDVSRVVLEOH
3
:$51,1*
5LGLQJ\RXUPRWRUF\FOHZLWKD
WHPSRUDU\WLUHUHSDLUFDQEHULVN\,IWKH
WHPSRUDU\UHSDLUIDLOV\RXFDQFUDVK
DQGEHVHULRXVO\LQMXUHGRUNLOOHG
,I\RXPXVWULGHZLWKDWHPSRUDU\WLUH
UHSDLUULGHVORZO\DQGFDUHIXOO\DQGGR
QRWH[FHHGPSKNPKXQWLOWKH
WLUHLVUHSODFHG
5HPRYLQJ:KHHOV
)ROORZWKHVHSURFHGXUHVLI\RXQHHGWR
UHPRYHDZKHHOLQRUGHUWRUHSDLUD
SXQFWXUH
7URXEOHVKRRWLQJ

&RQWLQXHG
background
&%)$RQO\
:KHQUHPRYLQJDQGLQVWDOOLQJWKHZKHHOEH
FDUHIXOQRWWRGDPDJHWKHZKHHOVSHHG
VHQVRUDQGSXOVHUULQJ
)URQW:KHHO
5HPRYDO

3ODFH\RXUPRWRUF\FOHRQDILUPOHYHO
VXUIDFH

&RYHUWKHULJKWVLGHRIWKHIURQWZKHHO
DQGEUDNHFDOLSHUZLWKSURWHFWLYHWDSHRU
FORWK

2QWKHULJKWVLGHUHPRYHWKHPRXQWLQJ
EROWVDQGEUDNHFDOLSHU
u 6XSSRUWWKHEUDNHFDOLSHUDVVHPEO\VR
WKDWLWGRHVQWKDQJIURPWKHEUDNH
KRVH'RQRWWZLVWWKHEUDNHKRVH
u $YRLGJHWWLQJJUHDVHRLORUGLUWRQWKH
GLVFRUSDGVXUIDFHV
u 'RQRWSXOOWKHEUDNHOHYHUZKLOHWKH
EUDNHFDOLSHULVUHPRYHG
u 7DNHFDUHWRSUHYHQWWKHEUDNHFDOLSHU
IURPVFUDWFKLQJWKHZKHHOGXULQJ
UHPRYDO
7LUH3XQFWXUHu5HPRYLQJ:KHHOV
7URXEOHVKRRWLQJ

5LJKWVLGHFROODU
0RXQWLQJEROWV
7DSHRUFORWK
:KHHOVSHHGVHQVRU
%UDNHFDOLSHU
3XOVHUULQJ
&%)$RQO\
&%)$RQO\
background

/RRVHQWKHD[OHSLQFKEROWDQGIURQWD[OH
VKDIW

6XSSRUW\RXUPRWRUF\FOHVHFXUHO\DQG
UDLVHWKHIURQWZKHHORIIWKHJURXQGXVLQJ
DPDLQWHQDQFHVWDQGRUDKRLVW

5HPRYHWKHIURQWD[OHVKDIWIURQWZKHHO
DQGVLGHFROODUV
,QVWDOODWLRQ

$WWDFKWKHULJKWDQGOHIWVLGHFROODUVLQ
WKHLURULJLQDOORFDWLRQVRQWKHZKHHO

2QWKHOHIWVLGHSODFHWKHZKHHOEHWZHHQ
WKHIRUNOHJVDQGLQVHUWWKHIURQWD[OHVKDIW
WRWKHHQGWKURXJKWKHOHIWIRUNOHJDQG
ZKHHOKXE

7LJKWHQWKHD[OHVKDIW
7RUTXHOEIÃIW1ÃPNJIÃP
7LUH3XQFWXUHu5HPRYLQJ:KHHOV
7URXEOHVKRRWLQJ

&RQWLQXHG
$[OHSLQFKEROW
)URQWD[OHVKDIW
/HIWVLGHFROODU
background

,QVWDOOWKHEUDNHFDOLSHUDQGWLJKWHQWKH
PRXQWLQJEROWV
7RUTXHOEIÃIW1ÃPNJIÃP
u 7DNHFDUHWRSUHYHQWWKHEUDNHFDOLSHU
IURPVFUDWFKLQJWKHZKHHOGXULQJ
LQVWDOODWLRQ
u 8VHQHZPRXQWLQJEROWVZKHQ
LQVWDOOLQJWKHEUDNHFDOLSHU
127,&(
:KHQLQVWDOOLQJDZKHHORUFDOLSHULQWRRULJLQDO
SRVLWLRQFDUHIXOO\ILWWKHEUDNHGLVFEHWZHHQWKH
SDGVWRDYRLGVFUDWFKLQJWKHP

/RZHUWKHIURQWZKHHORQWKHJURXQG

$SSO\WKHEUDNHOHYHUVHYHUDOWLPHV7KHQ
SXPSWKHIRUNVHYHUDOWLPHV

7LJKWHQWKHD[OHSLQFKEROW
7RUTXHOEIÃIW1ÃPNJIÃP

5DLVHWKHIURQWZKHHORIIWKHJURXQG
DJDLQDQGFKHFNWKDWWKHZKHHOURWDWHV
IUHHO\DIWHU\RXUHOHDVHWKHEUDNH

8QFRYHUWKHSURWHFWLYHWDSHRUFORWK
,IDWRUTXHZUHQFKZDVQRWXVHGIRU
LQVWDOODWLRQVHH\RXUGHDOHUDVVRRQDV
SRVVLEOHWRYHULI\SURSHUDVVHPEO\
,PSURSHUDVVHPEO\PD\OHDGWRORVVRI
EUDNLQJFDSDFLW\
7LUH3XQFWXUHu5HPRYLQJ:KHHOV
7URXEOHVKRRWLQJ

background
5HDU:KHHO
5HPRYDO

3ODFH\RXUPRWRUF\FOHRQDILUPOHYHO
VXUIDFH

6XSSRUW\RXUPRWRUF\FOHVHFXUHO\DQG
UDLVHWKHUHDUZKHHORIIWKHJURXQGXVLQJ
DPDLQWHQDQFHVWDQGRUDKRLVW

/RRVHQWKHUHDUD[OHQXWORFNQXWVDQG
WXUQWKHDGMXVWLQJQXWVVRWKHUHDUZKHHO
FDQEHPRYHGDOOWKHZD\IRUZDUGIRU
PD[LPXPGULYHFKDLQVODFN

5HPRYHWKHGULYHFKDLQIURPWKHGULYHQ
VSURFNHWE\SXVKLQJWKHUHDUZKHHO
IRUZDUG

5HPRYHWKHUHDUD[OHQXWDQGZDVKHU
7LUH3XQFWXUHu5HPRYLQJ:KHHOV
7URXEOHVKRRWLQJ

&RQWLQXHG
/RFNQXW
&ROODU$
:DVKHU
:KHHOVSHHG
VHQVRU
5HDUD[OH
QXW
$GMXVWLQJ
QXW
3XOVHUULQJ
&%)$RQO\
&%)$RQO\
5HDUD[OHVKDIW
/RFNQXW
'ULYHFKDLQ
$GMXVWLQJQXW
&ROODU%
:DVKHU
background

5HPRYHWKHUHDUD[OHVKDIWZDVKHUEUDNH
FDOLSHUEUDFNHWUHDUZKHHODQGVLGH
FROODUV
u 6XSSRUWWKHEUDNHFDOLSHUDVVHPEO\VR
WKDWLWGRHVQ·WKDQJIURPWKHEUDNH
KRVH'RQRWWZLVWWKHEUDNHKRVH
u $YRLGJHWWLQJJUHDVHRLORUGLUWRQWKH
GLVFWRSDGVXUIDFHV
u 'RQRWSXVKWKHEUDNHSHGDOZKLOHWKH
ZKHHOLVUHPRYHG
,QVWDOODWLRQ

7RLQVWDOOWKHUHDUZKHHOUHYHUVHWKH
UHPRYDOSURFHGXUH
u 7DNHFDUHWRSUHYHQWWKHEUDNHFDOLSHU
IURPVFUDWFKLQJWKHZKHHOGXULQJ
LQVWDOODWLRQ
127,&(
:KHQLQVWDOOLQJDZKHHORUFDOLSHULQWRRULJLQDO
SRVLWLRQFDUHIXOO\ILWWKHEUDNHGLVFEHWZHHQWKH
SDGVWRDYRLGVFUDWFKLQJWKHP
7LUH3XQFWXUHu5HPRYLQJ:KHHOV
7URXEOHVKRRWLQJ

background

0DNHVXUHWKDWWKHVORWRQWKHEUDNH
FDOLSHUEUDFNHWLVSRVLWLRQHGLQWKHOXJRQ
WKHVZLQJDUP

$GMXVWWKHGULYHFKDLQ2 3

7LJKWHQWKHUHDUD[OHQXW
7RUTXHOEIÃIW1ÃPNJIÃP

7LJKWHQWKHGULYHFKDLQDGMXVWLQJQXWV
OLJKWO\WKHQKROGWKHDGMXVWLQJQXWVDQG
WLJKWHQWKHORFNQXWV
7RUTXHOEIÃIW1ÃPNJIÃP

$IWHULQVWDOOLQJWKHZKHHODSSO\WKHEUDNH
SHGDOVHYHUDOWLPHVWKHQFKHFNLIWKH
ZKHHOURWDWHVIUHHO\5HFKHFNWKHZKHHOLI
WKHEUDNHGUDJVRULIWKHZKHHOGRHVQRW
URWDWHIUHHO\
,IDWRUTXHZUHQFKZDVQRWXVHGIRU
LQVWDOODWLRQVHH\RXUGHDOHUDVVRRQDV
SRVVLEOHWRYHULI\SURSHUDVVHPEO\
,PSURSHUDVVHPEO\PD\OHDGWRORVVRI
EUDNLQJFDSDFLW\
7LUH3XQFWXUHu5HPRYLQJ:KHHOV
7URXEOHVKRRWLQJ

%UDNHFDOLSHUEUDFNHW
6ZLQJDUP
/XJ
6ORW
background
(OHFWULFDO7URXEOH
%DWWHU\*RHV'HDG
&KDUJHWKHEDWWHU\XVLQJDPRWRUF\FOH
EDWWHU\FKDUJHU
5HPRYHWKHEDWWHU\IURPWKHPRWRUF\FOH
EHIRUHFKDUJLQJ
'RQRWXVHDQDXWRPRELOHW\SHEDWWHU\
FKDUJHUDVWKHVHFDQRYHUKHDWDPRWRUF\FOH
EDWWHU\DQGFDXVHSHUPDQHQWGDPDJH,IWKH
EDWWHU\GRHVQRWUHFRYHUDIWHUUHFKDUJLQJ
FRQWDFW\RXUGHDOHU
127,&(
-XPSVWDUWLQJXVLQJDQDXWRPRELOHEDWWHU\FDQ
GDPDJH\RXUPRWRUF\FOHVHOHFWULFDOV\VWHPDQG
LVQRWUHFRPPHQGHG
%XPSVWDUWLQJLVDOVRQRWUHFRPPHQGHG
%XUQHGRXW/LJKW%XOE
)ROORZWKHSURFHGXUHEHORZWRUHSODFHD
EXUQHGRXWOLJKWEXOE
7XUQWKHLJQLWLRQVZLWFKWRWKH2))RU/2&.
SRVLWLRQ
$OORZWKHEXOEWRFRROEHIRUHUHSODFLQJLW
'RQRWXVHEXOEVRWKHUWKDQWKRVHVSHFLILHG
&KHFNWKHUHSODFHPHQWEXOEIRUFRUUHFW
RSHUDWLRQEHIRUHULGLQJ
)RUWKHOLJKWEXOEZDWWDJHVHH
´6SHFLILFDWLRQVµ
2 3
7URXEOHVKRRWLQJ

background
+HDGOLJKW3RVLWLRQ/LJKWV
7KHKHDGOLJKWSRVLWLRQOLJKWVXVHVHYHUDO
/('V
,IWKHUHLVD/('ZKLFKLVQRWWXUQHGRQVHH
\RXUGHDOHUIRUVHUYLFLQJ
%UDNH/LJKW7DLOOLJKW
7KHEUDNHDQGWDLOOLJKWXVHVVHYHUDO/('V
,IWKHUHLVD/('ZKLFKLVQRWWXUQHGRQVHH
\RXUGHDOHUIRUVHUYLFLQJ
(OHFWULFDO7URXEOHu%XUQHGRXW/LJKW%XOE
7URXEOHVKRRWLQJ

&RQWLQXHG
+HDGOLJKW
3RVLWLRQOLJKWV
%UDNH/LJKW7DLOOLJKW
background
)URQW5HDU7XUQ6LJQDO%XOE

5HPRYHWKHVFUHZDQGFROODU

5HPRYHWKHWXUQVLJQDOOHQV

6OLJKWO\SUHVVWKHEXOEDQGWXUQLW
FRXQWHUFORFNZLVH

,QVWDOODQHZEXOEDQGUHLQVWDOOWKHSDUWVLQ
WKHUHYHUVHRUGHURIUHPRYDO
/LFHQVH3ODWH/LJKW%XOE

5HPRYHWKHVFUHZVOLFHQVHOLJKWFRYHU
DQGOLFHQVHOLJKWFRYHUSDFNLQJ

3XOORXWWKHEXOEZLWKRXWWXUQLQJ

,QVWDOODQHZEXOEDQGUHLQVWDOOWKHSDUWVLQ
WKHUHYHUVHRUGHURIUHPRYDO
(OHFWULFDO7URXEOHu%XUQHGRXW/LJKW%XOE
7URXEOHVKRRWLQJ

7XUQ
VLJQDOOHQV
6FUHZ
&ROODU
%XOE
&RYHUSDFNLQJ
6FUHZV
/LFHQVHOLJKWFRYHU%XOE
background
%ORZQ)XVH
%HIRUHKDQGOLQJIXVHVVHH´,QVSHFWLQJDQG
5HSODFLQJ)XVHVµ
2 3
)XVH%R[)XVHV

5HPRYHWKHIURQWVHDW2 3

5HPRYHWKHIXVHER[FRYHUV

3XOOWKHIXVHVRXWRQHE\RQHZLWKWKH
IXVHSXOOHULQWKHWRRONLWDQGFKHFNIRUD
EORZQIXVH$OZD\VUHSODFHDEORZQIXVH
ZLWKDVSDUHIXVHRIWKHVDPHUDWLQJ

5HLQVWDOOWKHIXVHER[FRYHUV

5HLQVWDOOWKHIURQWVHDW
&%)
&%)$
(OHFWULFDO7URXEOHu%ORZQ)XVH
7URXEOHVKRRWLQJ

&RQWLQXHG
)XVHER[FRYHUV
6SDUHIXVHV
)XVHER[FRYHUV
6SDUHIXVHV
background
0DLQ)XVH

5HPRYHWKHULJKWVLGHFRYHU2 3

'LVFRQQHFWWKHZLUHFRQQHFWRURIWKH
VWDUWHUPDJQHWLFVZLWFK

3XOOWKHPDLQIXVHRXWDQGFKHFNIRUD
EORZQIXVH$OZD\VUHSODFHDEORZQIXVH
ZLWKDVSDUHIXVHRIWKHVDPHUDWLQJ
u 6SDUHPDLQIXVHLVSURYLGHGLQWKH
VWDUWHUPDJQHWLFVZLWFK

5HLQVWDOOSDUWVLQWKHUHYHUVHRUGHURI
UHPRYDO
127,&(
,IDIXVHIDLOVUHSHDWHGO\\RXOLNHO\KDYHDQ
HOHFWULFDOSUREOHP+DYH\RXUPRWRUF\FOH
LQVSHFWHGE\\RXUGHDOHU
(OHFWULFDO7URXEOHu%ORZQ)XVH
7URXEOHVKRRWLQJ

6WDUWHUPDJQHWLF
VZLWFK
6SDUHPDLQIXVH
0DLQIXVH
:LUHFRQQHFWRU
background
.H\V 3
,QVWUXPHQWV&RQWUROV2WKHU)HDWXUHV 3
&DULQJIRU<RXU0RWRUF\FOH  3
6WRULQJ<RXU0RWRUF\FOH  3
7UDQVSRUWLQJ<RXU0RWRUF\FOH 3
<RXWKH(QYLURQPHQW  3
9HKLFOH,GHQWLILFDWLRQ1XPEHU 3
(PLVVLRQ&RQWURO6\VWHPV  3
&DWDO\WLF&RQYHUWHU  3
2[\JHQDWHG)XHOV 3
$XWKRUL]HG0DQXDOV  3
:DUUDQW\&RYHUDJHDQG6HUYLFH  3
+RQGD&RQWDFWV  3
86$
5HSRUWLQJ6DIHW\'HIHFWV  3
,QIRUPDWLRQ
background
.H\V
,JQLWLRQ.H\
7KLVPRWRUF\FOHKDVWZRLJQLWLRQNH\VDQGDNH\
WDJZLWKDNH\QXPEHUDQGDEDUFRGH6WRUH
WKHVSDUHNH\DQGWKHNH\WDJLQDVDIHORFDWLRQ
7RPDNHDGXSOLFDWHNH\WDNHWKHVSDUHNH\DQG
WKHNH\WDJWR\RXUGHDOHURUDORFNVPLWK
,I\RXORVHDOOLJQLWLRQNH\VDQGWKHNH\WDJWKH
LJQLWLRQVZLWFKDVVHPEO\ZLOOSUREDEO\KDYHWR
EHUHPRYHGE\\RXUGHDOHUWRGHWHUPLQHWKH
NH\QXPEHU
$PHWDONH\KROGHUPD\FDXVHGDPDJHWRWKH
DUHDVXUURXQGLQJWKHLJQLWLRQVZLWFK
.H\V
,QIRUPDWLRQ

,JQLWLRQNH\ .H\WDJ
.H\QXPEHUDQGEDUFRGH
background
,QVWUXPHQWV&RQWUROV
2WKHU)HDWXUHV
,JQLWLRQ6ZLWFK
/HDYLQJWKHLJQLWLRQVZLWFKLQWKH21SRVLWLRQ
ZLWKWKHHQJLQHVWRSSHGZLOOGUDLQWKHEDWWHU\
'RQRWWXUQWKHNH\ZKLOHULGLQJ
(QJLQH6WRS6ZLWFK
'RQRWXVHWKHHQJLQHVWRSVZLWFKH[FHSWLQDQ
HPHUJHQF\'RLQJVRZKHQULGLQJZLOOFDXVHWKH
HQJLQHWRVXGGHQO\WXUQRIIPDNLQJULGLQJ
XQVDIH
,I\RXVWRSWKHHQJLQHXVLQJWKHHQJLQHVWRS
VZLWFKWXUQWKHLJQLWLRQVZLWFKWRWKH2))
SRVLWLRQ)DLOLQJWRGRVRZLOOGUDLQWKHEDWWHU\
2GRPHWHU
7KHGLVSOD\ORFNVDWZKHQWKHUHDGRXW
H[FHHGV
7ULSPHWHU
7KHWULSPHWHUVUHWXUQWRZKHQHDFKUHDG
RXWH[FHHGV
$OVRDYHUDJHIXHOPLOHDJHDQGIXHOFRQVXPSWLRQ
DUHUHVHWDWWKHVDPHWLPHZKHQWKHWULSPHWHU$
LVUHVHW
'RFXPHQW%DJ
7KHRZQHU·VPDQXDOUHJLVWUDWLRQDQGLQVXUDQFH
LQIRUPDWLRQFDQEHVWRUHGLQWKHSODVWLF
GRFXPHQWEDJORFDWHGXQGHUVLGHRIWKHIURQW
VHDW
2 3
,JQLWLRQ&XWRII6\VWHP
$EDQNLQJOHDQDQJOHVHQVRUDXWRPDWLFDOO\
VWRSVWKHHQJLQHDQGIXHOSXPSLIWKH
PRWRUF\FOHIDOOVRYHU7RUHVHWWKHVHQVRU\RX
PXVWWXUQWKHLJQLWLRQVZLWFKWRWKH2))SRVLWLRQ
DQGEDFNWRWKH21SRVLWLRQEHIRUHWKHHQJLQH
FDQEHUHVWDUWHG
,QVWUXPHQWV&RQWUROV2WKHU)HDWXUHV
,QIRUPDWLRQ

background
&DULQJIRU<RXU0RWRUF\FOH
)UHTXHQWFOHDQLQJDQGSROLVKLQJLVLPSRUWDQWWR
HQVXUHWKHOLIHRI\RXU+RQGD$FOHDQ
PRWRUF\FOHPDNHVLWHDVLHUWRVSRWSRWHQWLDO
SUREOHPV
,QSDUWLFXODUVHDZDWHUDQGVDOWVXVHGWRSUHYHQW
LFHRQURDGVSURPRWHWKHIRUPDWLRQRI
FRUURVLRQ$OZD\VZDVK\RXUPRWRUF\FOH
WKRURXJKO\DIWHUULGLQJRQFRDVWDORUWUHDWHG
URDGV
:DVKLQJ
$OORZWKHHQJLQHPXIIOHUEUDNHVDQGRWKHU
KLJKWHPSHUDWXUHSDUWVWRFRROEHIRUHZDVKLQJ

5LQVH\RXUPRWRUF\FOHWKRURXJKO\XVLQJD
ORZSUHVVXUHJDUGHQKRVHWRUHPRYHORRVH
GLUW

,IQHFHVVDU\XVHDVSRQJHRUDVRIWWRZHO
ZLWKPLOGFOHDQHUWRUHPRYHURDGJULPH
u &OHDQWKHKHDGOLJKWOHQVSDQHOVDQG
RWKHUSODVWLFFRPSRQHQWVZLWKH[WUDFDUH
WRDYRLGVFUDWFKLQJWKHP
$YRLGGLUHFWLQJZDWHULQWRWKHDLUFOHDQHU
PXIIOHUDQGHOHFWULFDOSDUWV

7KRURXJKO\ULQVH\RXUPRWRUF\FOHZLWK
SOHQW\RIFOHDQZDWHUDQGGU\ZLWKDVRIW
FOHDQFORWK

$IWHUWKHPRWRUF\FOHGULHVOXEULFDWHDQ\
PRYLQJSDUWV
u 0DNHVXUHWKDWQROXEULFDQWVSLOOVRQWR
WKHEUDNHVRUWLUHV%UDNHGLVFVSDGV
GUXPRUVKRHVFRQWDPLQDWHGZLWKRLOZLOO
VXIIHUJUHDWO\UHGXFHGEUDNLQJ
HIIHFWLYHQHVVDQGFDQOHDGWRDFUDVK

/XEULFDWHWKHGULYHFKDLQLPPHGLDWHO\DIWHU
ZDVKLQJDQGGU\LQJWKHPRWRUF\FOH

$SSO\DFRDWRIZD[WRSUHYHQWFRUURVLRQ
u $YRLGSURGXFWVWKDWFRQWDLQKDUVK
GHWHUJHQWVRUFKHPLFDOVROYHQWV7KHVH
FDQGDPDJHWKHPHWDOSDLQWDQGSODVWLF
RQ\RXUPRWRUF\FOH
.HHSWKHZD[FOHDURIWKHWLUHVDQG
EUDNHV
u ,I\RXUPRWRUF\FOHKDVDQ\PDWWHSDLQWHG
SDUWVGRQRWDSSO\DFRDWRIZD[WRWKH
PDWWHSDLQWHGVXUIDFH
&DULQJIRU<RXU0RWRUF\FOH
,QIRUPDWLRQ

background
:DVKLQJ3UHFDXWLRQV
)ROORZWKHVHJXLGHOLQHVZKHQZDVKLQJ
'RQRWXVHKLJKSUHVVXUHZDVKHUV
u +LJKSUHVVXUHZDWHUFOHDQHUVFDQ
GDPDJHPRYLQJSDUWVDQGHOHFWULFDO
SDUWVUHQGHULQJWKHPLQRSHUDEOH
u :DWHULQWKHDLULQWDNHFDQEHGUDZQLQWR
WKHWKURWWOHERG\DQGRUHQWHUWKHDLU
FOHDQHU
'RQRWGLUHFWZDWHUDWWKHPXIIOHU
u :DWHULQWKHPXIIOHUFDQSUHYHQWVWDUWLQJ
DQGFDXVHVUXVWLQWKHPXIIOHU
'U\WKHEUDNHV
u :DWHUDGYHUVHO\DIIHFWVEUDNLQJ
HIIHFWLYHQHVV$IWHUZDVKLQJDSSO\WKH
EUDNHVLQWHUPLWWHQWO\DWORZVSHHGWR
KHOSGU\WKHP
'RQRWGLUHFWZDWHUXQGHUWKHVHDW
u :DWHULQWKHXQGHUVHDWFRPSDUWPHQW
FDQGDPDJH\RXUGRFXPHQWVDQGRWKHU
EHORQJLQJV
'RQRWGLUHFWZDWHUDWWKHDLUFOHDQHU
u :DWHULQWKHDLUFOHDQHUFDQSUHYHQWWKH
HQJLQHIURPVWDUWLQJ
'RQRWGLUHFWZDWHUQHDUWKHKHDGOLJKW
u 7KHKHDGOLJKWVLQVLGHOHQVPD\IRJ
WHPSRUDULO\DIWHUZDVKLQJRUZKLOHULGLQJ
LQWKHUDLQ7KLVGRHVQRWLPSDFWWKH
KHDGOLJKWIXQFWLRQ
+RZHYHULI\RXVHHDODUJHDPRXQWRI
ZDWHURULFHDFFXPXODWHGLQVLGHWKH
OHQVHVKDYH\RXUYHKLFOHLQVSHFWHGE\
\RXUGHDOHU
'RQRWXVHZD[RUSROLVKLQJFRPSRXQGVRQ
PDWWHSDLQWHGVXUIDFH
u 8VHDVRIWFORWKRUVSRQJHSOHQW\RI
ZDWHUDQGDPLOGGHWHUJHQWWRFOHDQ
PDWWHSDLQWHGVXUIDFHV'U\ZLWKDVRIW
FOHDQFORWK
&DULQJIRU<RXU0RWRUF\FOH
,QIRUPDWLRQ

&RQWLQXHG
background
$OXPLQXP&RPSRQHQWV
$OXPLQXPZLOOFRUURGHIURPFRQWDFWZLWKGLUW
PXGRUURDGVDOW&OHDQDOXPLQXPSDUWV
UHJXODUO\DQGIROORZWKHVHJXLGHOLQHVWRDYRLG
VFUDWFKHV
'RQRWXVHVWLIIEUXVKHVVWHHOZRRORU
FOHDQHUVFRQWDLQLQJDEUDVLYHV
$YRLGULGLQJRYHURUVFUDSLQJDJDLQVWFXUEV
3DQHOV
)ROORZWKHVHJXLGHOLQHVWRSUHYHQWVFUDWFKHV
DQGEOHPLVKHV
:DVKJHQWO\XVLQJDVRIWVSRQJHDQGSOHQW\
RIZDWHU
7RUHPRYHVWXEERUQVWDLQVXVHGLOXWHG
GHWHUJHQWDQGULQVHWKRURXJKO\ZLWKSOHQW\
RIZDWHU
$YRLGJHWWLQJJDVROLQHEUDNHIOXLGRU
GHWHUJHQWVRQWKHLQVWUXPHQWVSDQHOVRU
KHDGOLJKW
([KDXVW3LSHDQG0XIIOHU
7KHH[KDXVWSLSHDQGPXIIOHUDUHVWDLQOHVVVWHHO
EXWPD\EHFRPHVWDLQHGE\PXGRUGXVW
7RUHPRYHPXGRUGXVWXVHDZHWVSRQJHDQG
DOLTXLGNLWFKHQDEUDVLYHWKHQULQVHZHOOZLWK
FOHDQZDWHU'U\ZLWKFKDPRLVRUDVRIWWRZHO
,IQHFHVVDU\UHPRYHKHDWVWDLQVE\XVLQJD
FRPPHUFLDOO\DYDLODEOHILQHWH[WXUHFRPSRXQG
7KHQULQVHE\WKHVDPHPDQQHUDVUHPRYLQJ
PXGRUGXVW
:KHQWKHH[KDXVWSLSHDQGPXIIOHUDUHSDLQWHG
GRQRWXVHDFRPPHUFLDOO\DYDLODEOHDEUDVLYH
NLWFKHQFOHDQLQJFRPSRXQG8VHDQHXWUDO
GHWHUJHQWWRFOHDQWKHSDLQWHGVXUIDFHRQWKH
H[KDXVWSLSHDQGPXIIOHU,I\RXDUHQRWVXUHLI
\RXUH[KDXVWSLSHDQGPXIIOHUDUHSDLQWHG
FRQWDFW\RXUGHDOHU
127,&(
(YHQWKRXJKWKHH[KDXVWLVPDGHRIVWDLQOHVV
VWHHOLWFDQEHFRPHVWDLQHG5HPRYHDOOPDUNV
DQGEOHPLVKHVDVVRRQDVWKH\DUHQRWLFHG
&DULQJIRU<RXU0RWRUF\FOH
,QIRUPDWLRQ

background
6WRULQJ<RXU0RWRUF\FOH
,I\RXVWRUH\RXUPRWRUF\FOHRXWGRRUV\RX
VKRXOGFRQVLGHUXVLQJDIXOOERG\PRWRUF\FOH
FRYHU
,I\RXZRQWEHULGLQJIRUDQH[WHQGHGSHULRG
IROORZWKHVHJXLGHOLQHV
:DVK\RXUPRWRUF\FOHDQGZD[DOOSDLQWHG
VXUIDFHVH[FHSWPDWWHSDLQWHGVXUIDFHV
&RDWFKURPHSLHFHVZLWKUXVWLQKLELWLQJRLO
/XEULFDWHWKHGULYHFKDLQ2 3
3ODFH\RXUPRWRUF\FOHRQDPDLQWHQDQFH
VWDQGDQGSRVLWLRQDEORFNVRWKDWERWKWLUHV
DUHRIIWKHJURXQG
$IWHUUDLQUHPRYHWKHERG\FRYHUDQGDOORZ
WKHPRWRUF\FOHWRGU\
5HPRYHWKHEDWWHU\2 3WRSUHYHQW
GLVFKDUJH)XOO\FKDUJHWKHEDWWHU\DQGWKHQ
SODFHLWLQDVKDGHGZHOOYHQWLODWHGDUHD
u ,I\RXOHDYHWKHEDWWHU\LQSODFH
GLVFRQQHFWWKHQHJDWLYH-WHUPLQDOWR
SUHYHQWGLVFKDUJH
$IWHUUHPRYLQJ\RXUPRWRUF\FOHIURPVWRUDJH
LQVSHFWDOOPDLQWHQDQFHLWHPVUHTXLUHGE\WKH
0DLQWHQDQFH6FKHGXOH
86$
)RUPRUHLQIRUPDWLRQDERXWVWRUDJHUHIHU
WRWKH+RQGD:LQWHU6WRUDJH*XLGHDYDLODEOH
IURP\RXUGHDOHU
&DQDGD
)RUPRUHLQIRUPDWLRQDERXWVWRUDJH
YLVLWRXUZHEVLWHDWZZZKRQGDFDDQGORRNXS
´6WRUDJH7LSVµXQGHUWKH´+RQGD:DUUDQW\µLQ
WKH:DUUDQW\WDEIRU\RXU0RGHO
6WRULQJ<RXU0RWRUF\FOH
,QIRUPDWLRQ

background
7UDQVSRUWLQJ<RXU
0RWRUF\FOH
,I\RXUPRWRUF\FOHQHHGVWREHWUDQVSRUWHGLW
VKRXOGEHFDUULHGRQDPRWRUF\FOHWUDLOHURUD
IODWEHGWUXFNRUWUDLOHUWKDWKDVDORDGLQJUDPS
RUOLIWLQJSODWIRUPDQGPRWRUF\FOHWLHGRZQ
VWUDSV1HYHUWU\WRWRZ\RXUPRWRUF\FOHZLWKD
ZKHHORUZKHHOVRQWKHJURXQG
127,&(
7RZLQJ\RXUPRWRUF\FOHFDQFDXVHVHULRXV
GDPDJHWRWKHWUDQVPLVVLRQ
<RXWKH(QYLURQPHQW
2ZQLQJDQGULGLQJDPRWRUF\FOHFDQEH
HQMR\DEOHEXW\RXPXVWGR\RXUSDUWWRSURWHFW
WKHHQYLURQPHQW
&KRRVH6HQVLEOH&OHDQHUV
8VHDELRGHJUDGDEOHGHWHUJHQWZKHQ\RXZDVK
\RXUPRWRUF\FOH$YRLGDHURVROVSUD\FOHDQHUV
WKDWFRQWDLQFKORURIOXRURFDUERQV&)&VZKLFK
GDPDJHWKHDWPRVSKHUHVSURWHFWLYHR]RQH
OD\HU
7UDQVSRUWLQJ<RXU0RWRUF\FOH
,QIRUPDWLRQ

background
5HF\FOH:DVWHV
3XWRLODQGRWKHUWR[LFZDVWHVLQDSSURYHG
FRQWDLQHUVDQGWDNHWKHPWRDUHF\FOLQJFHQWHU
&DOO\RXUORFDORUVWDWHRIILFHRISXEOLFZRUNVRU
HQYLURQPHQWDOVHUYLFHVWRILQGDUHF\FOLQJFHQWHU
LQ\RXUDUHDDQGWRJHWLQVWUXFWLRQVRQKRZWR
GLVSRVHRIQRQUHF\FODEOHZDVWHV'RQRWSODFH
XVHGHQJLQHRLOLQWKHWUDVKRUSRXULWGRZQD
GUDLQRURQWKHJURXQG8VHGRLOJDVROLQH
FRRODQWDQGFOHDQLQJVROYHQWVFRQWDLQSRLVRQV
WKDWFDQKXUWUHIXVHZRUNHUVDQGFRQWDPLQDWH
GULQNLQJZDWHUODNHVULYHUVDQGRFHDQV
9HKLFOH,GHQWLILFDWLRQ
1XPEHU
7KH9,1DQGHQJLQHVHULDOQXPEHUXQLTXHO\
LGHQWLI\\RXUPRWRUF\FOHDQGDUHUHTXLUHGLQ
RUGHUWRUHJLVWHU\RXUPRWRUF\FOH7KH\PD\
DOVREHUHTXLUHGZKHQRUGHULQJUHSODFHPHQW
SDUWV
<RXVKRXOGUHFRUGWKHVHQXPEHUVDQGNHHS
WKHPLQDVDIHSODFH
9HKLFOH,GHQWLILFDWLRQ1XPEHU
,QIRUPDWLRQ

&RQWLQXHG
9,1
background
(PLVVLRQ&RQWURO6\VWHPV
<RXUPRWRUF\FOHHQJLQHHPLWVFRPEXVWLRQ
E\SURGXFWVLQFOXGLQJFDUERQPRQR[LGH&2
R[LGHVRIQLWURJHQ12[DQGK\GURFDUERQV
+&*DVROLQHHYDSRUDWLRQDOVRHPLWV
K\GURFDUERQV&RQWUROOLQJWKHSURGXFWLRQRI
12[&2DQG+&LVLPSRUWDQWIRUWKH
HQYLURQPHQW
(PLVVLRQ&RQWURO6\VWHPV
,QIRUPDWLRQ

9,1
(QJLQHQXPEHU
background
([KDXVW(PLVVLRQ5HTXLUHPHQWV
7KH86(QYLURQPHQWDO3URWHFWLRQ$JHQF\
(3$WKH&DOLIRUQLD$LU5HVRXUFHV%RDUG
&$5%DQG(QYLURQPHQWDQG&OLPDWH&KDQJH
&DQDGD(&&&UHTXLUHWKDW\RXUPRWRUF\FOH
FRPSO\ZLWKDSSOLFDEOHH[KDXVWFUDQNFDVHDQG
IXHOSHUPHDWLRQHPLVVLRQVWDQGDUGVGXULQJLWV
XVHIXOOLIHZKHQRSHUDWHGDQGPDLQWDLQHG
DFFRUGLQJWRWKHLQVWUXFWLRQVSURYLGHG
&$5%DOVRUHTXLUHVWKDW\RXUPRWRUF\FOH
FRPSO\ZLWKDSSOLFDEOHHYDSRUDWLYHHPLVVLRQ
UHTXLUHPHQWVGXULQJLWVXVHIXOOLIHZKHQ
RSHUDWHGDQGPDLQWDLQHGDFFRUGLQJWRWKH
LQVWUXFWLRQVSURYLGHG
86$
&RPSOLDQFHZLWKWKHWHUPVRIWKH
'LVWULEXWRUV:DUUDQWLHVIRU+RQGD0RWRUF\FOH
(PLVVLRQ&RQWURO6\VWHPVLVQHFHVVDU\LQRUGHU
WRPDLQWDLQDYDOLGHPLVVLRQVV\VWHPZDUUDQW\
7KH9HKLFOH(PLVVLRQ&RQWURO,QIRUPDWLRQODEHO
LVORFDWHGRQWKHOHIWVLGHRIWKHVZLQJDUP
1RLVH(PLVVLRQ5HTXLUHPHQWV
7KH(3$UHTXLUHVWKDWPRWRUF\FOHVEXLOWDIWHU
-DQXDU\FRPSO\ZLWKDSSOLFDEOHQRLVH
HPLVVLRQVWDQGDUGVIRURQH\HDURUPLOHV
NPDIWHUWKHWLPHRISXUFKDVHZKHQ
RSHUDWHGDQGPDLQWDLQHGDFFRUGLQJWRWKH
LQVWUXFWLRQVSURYLGHG
(PLVVLRQ&RQWURO6\VWHPV
,QIRUPDWLRQ

&RQWLQXHG
9HKLFOHHPLVVLRQFRQWUROLQIRUPDWLRQODEHO
9HKLFOHHPLVVLRQFRQWUROLQIRUPDWLRQODEHO
&DQDGDRQO\
background
([KDXVW(PLVVLRQ&RQWURO6\VWHP
7KHH[KDXVWHPLVVLRQFRQWUROV\VWHPLQFOXGHV
WKHIROORZLQJFRPSRQHQWVWKDWVKRXOGQRWQHHG
DGMXVWPHQWDOWKRXJKSHULRGLFLQVSHFWLRQE\
\RXUGHDOHULVUHFRPPHQGHG
3*0),6\VWHP
7KH3*0),SURJUDPPHGIXHOLQMHFWLRQV\VWHP
XVHVVHTXHQWLDOPXOWLSRUWIXHOLQMHFWLRQDQGLV
FRPSULVHGRIDLULQWDNHHQJLQHFRQWUROIXHO
FRQWURODQGH[KDXVWFRQWUROVXEV\VWHPV7KH
HQJLQHFRQWUROPRGXOH(&0XVHVVHQVRUVWR
GHWHUPLQHKRZPXFKDLUHQWHUVWKHHQJLQHDQG
WKHQFRQWUROVKRZPXFKIXHOWRLQMHFW
,JQLWLRQ7LPLQJ&RQWURO6\VWHP
7KHLJQLWLRQWLPLQJFRQWUROV\VWHPDGMXVWVWKH
LJQLWLRQWLPLQJWRUHGXFHWKHDPRXQWRI+&
&2DQG12[SURGXFHG
6HFRQGDU\$LU,QMHFWLRQ6\VWHP
7KHVHFRQGDU\DLULQMHFWLRQV\VWHPDGGVILOWHUHG
DLULQWRWKHH[KDXVWJDVWRKHOSLPSURYH
HPLVVLRQFRQWUROSHUIRUPDQFH
&DWDO\WLF&RQYHUWHUV
7KHH[KDXVWV\VWHPFRQWDLQVRQHRUPRUH
FDWDO\WLFFRQYHUWHUV&DWDO\WLFFRQYHUWHUVXVHD
FDWDO\VWWRFRQYHUWPRVWRIWKHKDUPIXOH[KDXVW
JDVFRPSRXQGVLQWRKDUPOHVVFRPSRXQGV
(YDSRUDWLYH(PLVVLRQ&RQWURO6\VWHP
67$7(PHHWV&DOLIRUQLD
$QHYDSRUDWLYHHPLVVLRQVFRQWUROV\VWHPXVHVD
FDQLVWHUILOOHGZLWKFKDUFRDOWRDGVRUEIXHOYDSRU
IURPWKHIXHOWDQNZKLOHWKHHQJLQHLVRII7KH
YDSRULVGUDZQLQWRWKHHQJLQHDQGEXUQHG
ZKLOHULGLQJ
(PLVVLRQ&RQWURO6\VWHPV
,QIRUPDWLRQ

background
&UDQNFDVH(PLVVLRQV&RQWURO6\VWHP
7KHHQJLQHLVHTXLSSHGZLWKDFORVHGFUDQNFDVH
V\VWHPWRSUHYHQWGLVFKDUJLQJFUDQNFDVH
HPLVVLRQVLQWRWKHDWPRVSKHUH%ORZE\JDVLV
UHWXUQHGWRWKHFRPEXVWLRQFKDPEHUWKURXJK
WKHFUDQNFDVHEUHDWKHUKRVHDLUFOHDQHU
KRXVLQJDQGWKURWWOHERG\
)XHO3HUPHDWLRQ(PLVVLRQ&RQWURO
7KHIXHOWDQNIXHOKRVHVDQGIXHOYDSRUFKDUJH
KRVHVXVHIXHOSHUPHDWLRQFRQWUROWHFKQRORJLHV
WRSUHYHQWIXHOYDSRUHPLVVLRQV7DPSHULQJZLWK
WKHVHFRPSRQHQWVWRUHGXFHRUGHIHDWWKH
HIIHFWLYHQHVVRIWKHIXHOSHUPHDWLRQ
WHFKQRORJLHVLVSURKLELWHG
1RLVH(PLVVLRQ&RQWURO6\VWHP
7$03(5,1*:,7+7+(12,6(&21752/
6<67(0,6352+,%,7('
86IHGHUDOODZSURKLELWVDQG&DQDGLDQ
SURYLQFLDOODZVPD\SURKLELWWKHIROORZLQJDFWV
RUWKHFDXVLQJWKHUHRI7KHUHPRYDORU
UHQGHULQJLQRSHUDWLYHE\DQ\SHUVRQRWKHUWKDQ
IRUSXUSRVHVRIPDLQWHQDQFHUHSDLURU
UHSODFHPHQWRIDQ\GHYLFHRUHOHPHQWRI
GHVLJQLQFRUSRUDWHGLQWRDQ\QHZYHKLFOHIRU
WKHSXUSRVHRIQRLVHFRQWUROSULRUWRLWVVDOHRU
GHOLYHU\WRWKHXOWLPDWHSXUFKDVHURUZKLOHLWLV
LQXVHRUWKHXVHRIWKHYHKLFOHDIWHUVXFK
GHYLFHRUHOHPHQWRIGHVLJQKDVEHHQUHPRYHG
RUUHQGHUHGLQRSHUDWLYHE\DQ\SHUVRQ
(PLVVLRQ&RQWURO6\VWHPV
,QIRUPDWLRQ

&RQWLQXHG
background
$021*7+26($&7635(680('72
&2167,787(7$03(5,1*$5(7+(
)2//2:,1*$&76
5HPRYDORIRUSXQFWXULQJWKHPXIIOHU
EDIIOHVKHDGHUSLSHVRUDQ\RWKHU
FRPSRQHQWZKLFKFRQGXFWVH[KDXVWJDVHV
5HPRYDORIRUSXQFWXULQJRIDQ\SDUWRIWKH
LQWDNHV\VWHP
/DFNRISURSHUPDLQWHQDQFH
5HPRYLQJRUGLVDEOLQJDQ\HPLVVLRQV
FRPSOLDQFHFRPSRQHQWRUUHSODFLQJDQ\
FRPSOLDQFHFRPSRQHQWZLWKDQRQFRPSOLDQW
FRPSRQHQW
3UREOHPV$IIHFWLQJ0RWRUF\FOH([KDXVW
(PLVVLRQV
+DYH\RXUPRWRUF\FOHLQVSHFWHGDQGUHSDLUHG
E\\RXUGHDOHULI\RXH[SHULHQFHDQ\RIWKH
IROORZLQJV\PSWRPV
+DUGVWDUWLQJRUVWDOOLQJDIWHUVWDUWLQJ
5RXJKLGOLQJ
0LVILULQJRUEDFNILULQJGXULQJDFFHOHUDWLRQ
3RRUHQJLQHSHUIRUPDQFHDQGSRRUIXHO
HFRQRP\
(PLVVLRQ&RQWURO6\VWHPV
,QIRUPDWLRQ

background
&DWDO\WLF&RQYHUWHU
7KLVPRWRUF\FOHLVHTXLSSHGZLWKDWKUHHZD\
FDWDO\WLFFRQYHUWHU7KHFDWDO\WLFFRQYHUWHU
FRQWDLQVSUHFLRXVPHWDOVWKDWVHUYHDVFDWDO\VWV
LQKLJKWHPSHUDWXUHFKHPLFDOUHDFWLRQVWKDW
FRQYHUWK\GURFDUERQV+&FDUERQPRQR[LGH
&2DQGR[LGHVRIQLWURJHQ12[LQWKH
H[KDXVWJDVVHVLQWRVDIHFRPSRXQGV
$GHIHFWLYHFDWDO\WLFFRQYHUWHUFRQWULEXWHVWRDLU
SROOXWLRQDQGFDQLPSDLU\RXUHQJLQHV
SHUIRUPDQFH$UHSODFHPHQWXQLWPXVWEHDQ
RULJLQDO+RQGDSDUWRUHTXLYDOHQW
)ROORZWKHVHJXLGHOLQHVWRSURWHFW\RXU
PRWRUF\FOHVFDWDO\WLFFRQYHUWHU
$OZD\VXVHXQOHDGHGJDVROLQH/HDGHG
JDVROLQHZLOOGDPDJHWKHFDWDO\WLFFRQYHUWHU
.HHSWKHHQJLQHLQJRRGUXQQLQJFRQGLWLRQ
$SRRUO\UXQQLQJHQJLQHFDQFDXVHWKH
FDWDO\WLFFRQYHUWHUWRRYHUKHDWFDXVLQJ
GDPDJHWRWKHFRQYHUWHURUWKHPRWRUF\FOH
,I\RXUHQJLQHLVPLVILULQJEDFNILULQJVWDOOLQJ
RURWKHUZLVHQRWUXQQLQJSURSHUO\VWRS
ULGLQJDQGWXUQRIIWKHHQJLQH+DYH\RXU
PRWRUF\FOHVHUYLFHGDVVRRQDVSRVVLEOH
&DWDO\WLF&RQYHUWHU
,QIRUPDWLRQ

background
2[\JHQDWHG)XHOV
6RPHFRQYHQWLRQDOIXHOVEOHQGHGZLWKDOFRKRO
RUDQHWKHUFRPSRXQGDUHDYDLODEOHLQVRPH
ORFDOHVWRKHOSUHGXFHHPLVVLRQVWRPHHWFOHDQ
DLUVWDQGDUGV7KHVHJDVROLQHVDUHFROOHFWLYHO\
UHIHUUHGWRDVR[\JHQDWHGIXHOV,I\RXSODQWR
XVHR[\JHQDWHGIXHOFKHFNWKDWLWLVXQOHDGHG
DQGPHHWVWKHPLQLPXPRFWDQHUDWLQJDQG
EOHQGUHTXLUHPHQW
7KHIROORZLQJIXHOEOHQGVDUH(3$DSSURYHG
DQGKDYHEHHQDSSURYHGIRUXVHLQ\RXU
PRWRUF\FOH
(WKDQROHWK\ODOFRKROXSWRE\YROXPH
u *DVROLQHFRQWDLQLQJHWKDQROPD\EH
PDUNHWHGXQGHUWKHQDPH*DVRKRO
0HWKDQROPHWK\ODOFRKROXSWRE\
YROXPHWKDWFRQWDLQFRVROYHQWVDQG
FRUURVLRQLQKLELWRUVWRSURWHFWWKHIXHO
V\VWHP1HYHUXVHDEOHQGFRQWDLQLQJPRUH
WKDQ
,I\RXDFFLGHQWDOO\ILOO\RXUIXHOWDQNZLWKDQ
R[\JHQDWHGIXHOFRQWDLQLQJKLJKHUSHUFHQWDJHV
\RXPD\H[SHULHQFHSHUIRUPDQFHSUREOHPV7R
UHVROYHWKHSUREOHPKDYH\RXUGHDOHUGUDLQWKH
IXHOWDQNDQGUHSODFHZLWKWKHFRUUHFWIXHO)XHO
V\VWHPRUSHUIRUPDQFHSUREOHPVUHVXOWLQJIURP
WKHXVHRIDQR[\JHQDWHGIXHOFRQWDLQLQJKLJKHU
SHUFHQWDJHVDUHQRWFRYHUHGE\\RXUZDUUDQW\
127,&(
,PSURSHUXVHRIR[\JHQDWHGIXHOVFDQGDPDJH
PHWDOUXEEHUDQGSODVWLFSDUWVRI\RXUIXHO
V\VWHP
2[\JHQDWHGIXHOFDQDOVRGDPDJHSDLQW
'DPDJHFDXVHGE\VSLOOHGIXHOLVQRWFRYHUHGE\
ZDUUDQW\
,I\RXQRWLFHDQ\XQGHVLUDEOHRSHUDWLQJ
V\PSWRPVRUSHUIRUPDQFHSUREOHPVWU\D
GLIIHUHQWEUDQGRIJDVROLQH
2[\JHQDWHG)XHOV
,QIRUPDWLRQ

background
3XEOLFDWLRQ,WHP1R 'HVFULSWLRQ
0*= &%555$&%))$;;$6HUYLFH0DQXDO
&60 &RPPRQ6HUYLFH0DQXDO
6
86$
:LQWHU6WRUDJH*XLGH
0-:% &%))$2ZQHU·V0DQXDO
$XWKRUL]HG0DQXDOV
86$
7KH6HUYLFH0DQXDOXVHGE\\RXU
DXWKRUL]HGGHDOHULVDYDLODEOHIURP\RXU+RQGD
GHDOHURU+HOP,QF
&DQDGD
6HH\RXUGHDOHUWRRUGHUDXWKRUL]HG
PDQXDOV
$OVRDYDLODEOHEXWQRWQHFHVVDU\WRVHUYLFH\RXU
PRGHOLVWKH+RQGD&RPPRQ6HUYLFH0DQXDO
ZKLFKH[SODLQVEDVLFVHUYLFHLQIRUPDWLRQIRU
YDULRXVV\VWHPVRQ+RQGDPRWRUF\FOHV
VFRRWHUVDQG$79
86$
7KH:LQWHU6WRUDJH*XLGHLQFRQMXQFWLRQ
ZLWKWKH2ZQHUV0DQXDODQG6HUYLFH0DQXDO
FDQKHOS\RXSUHSDUH\RXU+RQGDPRWRUF\FOH
VFRRWHU$79DQG6[6IRUZLQWHUVWRUDJH
7KHVH+RQGDPDQXDOVDUHZULWWHQIRUWKH
SURIHVVLRQDOWHFKQLFLDQ+RZHYHULI\RXSRVVHVV
WKHSURSHUWRROVREVHUYHWKHVDIHW\VWDQGDUGV
DQGDUHPHFKDQLFDOO\FDSDEOH\RXVKRXOGILQG
WKHPHDV\WRXVH
6SHFLDO+RQGDWRROVDUHQHFHVVDU\IRUVRPH
SURFHGXUHV
86$
2UGHU2Q/LQHZZZKHOPLQFFRP
2UGHU7ROO)UHH&<&/(

127()RU&UHGLW&DUG2UGHUV2QO\
0RQGD\)ULGD\$030(67
$XWKRUL]HG0DQXDOV
,QIRUPDWLRQ

background
:DUUDQW\&RYHUDJHDQG
6HUYLFH
&RYHUDJH
<RXUQHZ+RQGDLVFRYHUHGE\WKHIROORZLQJ
ZDUUDQWLHV
0RWRUF\FOH/LPLWHG:DUUDQW\
(PLVVLRQ&RQWURO6\VWHP:DUUDQW\
86$
1RLVH&RQWURO:DUUDQW\
7KHUHVSRQVLELOLWLHVUHVWULFWLRQVDQGH[FOXVLRQV
WKDWDSSO\WRWKHVHZDUUDQWLHVDUHH[SODLQHGLQ
WKH:DUUDQWLHV%RRNOHWJLYHQWR\RXE\\RXU
+RQGDGHDOHUDWWKHWLPHRISXUFKDVH$OZD\V
NHHS\RXU+RQGDRZQHUVFDUGZLWK\RXU
:DUUDQWLHV%RRNOHW
&DQDGD
3OHDVHUHIHUWRWKH:DUUDQW\%RRNOHW
SRVWHGRQRXUZHEVLWHDWZZZKRQGDFD
,WLVLPSRUWDQWWRUHDOL]HWKDW\RXUZDUUDQW\
DSSOLHVRQO\WRGHIHFWVLQPDWHULDORU
ZRUNPDQVKLSRI\RXU+RQGD<RXUZDUUDQW\
FRYHUDJHGRHVQRWDSSO\WRWKHQRUPDOZHDU
DQGGHWHULRUDWLRQDVVRFLDWHGZLWKXVHRIWKH
PRWRUF\FOH
<RXUZDUUDQW\FRYHUDJHLVQRWYRLGHGLI\RX
SHUIRUP\RXURZQPDLQWHQDQFH+RZHYHU
IDLOXUHVWKDWRFFXUGXHGLUHFWO\WRLPSURSHU
PDLQWHQDQFHDUHQRWFRYHUHGE\WKHVH
ZDUUDQWLHV
86$
<RXFDQH[WHQGDOPRVWDOORI\RXUZDUUDQW\
FRYHUDJHWKURXJKWKH+RQGD3URWHFWLRQ3ODQ
)RUPRUHLQIRUPDWLRQVHH\RXU+RQGDGHDOHU
:DUUDQW\&RYHUDJHDQG6HUYLFH
,QIRUPDWLRQ

background
6HUYLFH
3OHDVHUHPHPEHUWKDWPDLQWHQDQFH
UHFRPPHQGHGLQWKH0DLQWHQDQFH6FKHGXOHLV
QRWLQFOXGHGLQ\RXUZDUUDQW\FRYHUDJH
,I\RXEHOLHYH\RXKDYHDSUREOHPZLWK\RXU
PRWRUF\FOHFDOOWKHVHUYLFHGHSDUWPHQWRI\RXU
+RQGDGHDOHU0DNHDQDSSRLQWPHQWIRUDQ
LQVSHFWLRQDQGGLDJQRVLV<RXZLOOEHDVNHGWR
DXWKRUL]HWKDWLQVSHFWLRQDQG\RXUGHDOHUZLOO
UHWXUQWKHUHVXOWVRIWKHLQVSHFWLRQ,IDSUREOHP
H[LVWVDQGLVFRYHUHGXQGHUZDUUDQW\\RXU
GHDOHUZLOOSHUIRUPWKHZDUUDQW\UHSDLUV,I\RX
KDYHDQ\TXHVWLRQVDERXW\RXUZDUUDQW\
FRYHUDJHRUWKHQDWXUHRIWKHUHSDLUWDONWRWKH
6HUYLFH0DQDJHURI\RXU+RQGDGHDOHU
,IDPLVXQGHUVWDQGLQJRFFXUVDQG\RXDUHQW
VDWLVILHGZLWK\RXUGHDOHUVKDQGOLQJRIWKH
VLWXDWLRQZHVXJJHVW\RXGLVFXVV\RXUSUREOHP
ZLWKWKHDSSURSULDWHPHPEHURIWKH
GHDOHUVKLSVPDQDJHPHQWWHDP,I\RXDUHVWLOO
QRWVDWLVILHGFRQWDFWWKHRZQHURIWKH
GHDOHUVKLSRUWKHLUGHVLJQDWHGUHSUHVHQWDWLYH
:DUUDQW\&RYHUDJHDQG6HUYLFH
,QIRUPDWLRQ

background
+RQGD&RQWDFWV
$PHULFDQ+RQGD0RWRU&R,QF
,I\RXZLVKWRFRQWDFW+RQGDGLUHFWO\WR
FRPPHQWRQ\RXUH[SHULHQFHVZLWK\RXU
PRWRUF\FOHRUZLWK\RXUGHDOHUSOHDVHVHQG
\RXUFRPPHQWVWRWKHIROORZLQJDGGUHVV
0RWRUF\FOH'LYLVLRQ
$PHULFDQ+RQGD0RWRU&R,QF
32%R[7RUUDQFH
&$
0DLOVWRS&%
7HOHSKRQH
&DQDGD
+RQGD&DQDGD,QF
&XVWRPHU5HODWLRQV'HSDUWPHQW
+RQGD%RXOHYDUG
0DUNKDP2QWDULR
/&+
7HOHSKRQH
)D[
(PDLOKRQGDBFU#FKKRQGDFRP
3OHDVHLQFOXGHWKHIROORZLQJLQIRUPDWLRQLQ\RXU
OHWWHU
1DPHDGGUHVVDQGWHOHSKRQHQXPEHU
3URGXFWPRGHO\HDUDQG9,1
'DWHRISXUFKDVH
'HDOHUQDPHDQGDGGUHVV
:HZLOOOLNHO\DVN\RXU+RQGDGHDOHUWRUHVSRQG
RUSRVVLEO\DFNQRZOHGJH\RXUFRPPHQWV
GLUHFWO\
+RQGD&RQWDFWV
,QIRUPDWLRQ

background
<RXU+RQGD'HDOHU
7KHVHUYLFHGHSDUWPHQWRI\RXU+RQGDGHDOHU
RIIHUVWUDLQHGSHUVRQQHOWRSHUIRUPUHJXODU
PDLQWHQDQFHDQGPRVWUHSDLUV,WKDVWKHODWHVW
DYDLODEOHVHUYLFHLQIRUPDWLRQIURP+RQGDDQG
DOVRKDQGOHVZDUUDQW\LQVSHFWLRQVDQGUHSDLUV
7KHSDUWVGHSDUWPHQWRIIHUV+RQGD*HQXLQH
3DUWV3UR+RQGDSURGXFWV+RQGD*HQXLQH
$FFHVVRULHV86$RQO\DQG+RQGDDFFHVVRULHV
DQGSURGXFWV&DQDGDRQO\WKDWSURYLGHWKH
VDPHTXDOLW\WKDWZHQWLQWR\RXUPRWRUF\FOH
86$
7KHVDOHVGHSDUWPHQWRIIHUVWKH+RQGD
3URWHFWLRQ3ODQWRH[WHQGDOPRVWDOORI\RXU
ZDUUDQW\FRYHUDJH
<RXU+RQGDGHDOHUFDQDOVRVXSSO\LQIRUPDWLRQ
DERXWULGLQJHYHQWVDQGLQIRUPDWLRQDERXW
VDIHW\WUDLQLQJDYDLODEOHLQ\RXUORFDODUHDDQG
WKH+RQGD5LGHUV&OXERI$PHULFD86$RQO\
+RQGD5LGHUV&OXERI$PHULFD+5&$
7KH+RQGD5LGHUV&OXERI$PHULFD+5&$
VSRQVRUVORFDOULGLQJFKDSWHUVDW$XWKRUL]HG
+RQGD'HDOHUVKLSVDFURVVWKHFRXQWU\
+RQGD&RQWDFWV
,QIRUPDWLRQ

background
86$
5HSRUWLQJ6DIHW\
'HIHFWV
,I\RXEHOLHYHWKDW\RXUYHKLFOHKDVD
GHIHFWZKLFKFRXOGFDXVHDFUDVKRU
FRXOGFDXVHLQMXU\RUGHDWK\RXVKRXOG
LPPHGLDWHO\LQIRUPWKH1DWLRQDO
+LJKZD\7UDIILF6DIHW\$GPLQLVWUDWLRQ
1+76$LQDGGLWLRQWRQRWLI\LQJ
$PHULFDQ+RQGD0RWRU&R,QF
,I1+76$UHFHLYHVVLPLODUFRPSODLQWVLW
PD\RSHQDQLQYHVWLJDWLRQDQGLILWILQGV
WKDWDVDIHW\GHIHFWH[LVWVLQDJURXSRI
YHKLFOHVLWPD\RUGHUDUHFDOODQG
UHPHG\FDPSDLJQ+RZHYHU1+76$
FDQQRWEHFRPHLQYROYHGLQLQGLYLGXDO
SUREOHPVEHWZHHQ\RX\RXUGHDOHURU
$PHULFDQ+RQGD0RWRU&R,QF
7RFRQWDFW1+76$\RXPD\FDOOWKH
9HKLFOH6DIHW\+RWOLQHWROOIUHHDW

77<JRWR
KWWSZZZVDIHUFDUJRY
RUZULWHWR
$GPLQLVWUDWRU1+76$
1HZ-HUVH\$YHQXH6(
:DVKLQJWRQ'&
<RXFDQDOVRREWDLQRWKHULQIRUPDWLRQ
DERXWPRWRUYHKLFOHVDIHW\IURP
KWWSZZZVDIHUFDUJRY
5HSRUWLQJ6DIHW\'HIHFWV
,QIRUPDWLRQ

background
6SHFLILFDWLRQV
ଶ 0DLQ&RPSRQHQWV
2YHUDOOOHQJWK LQPP
2YHUDOOZLGWK LQPP
2YHUDOOKHLJKW LQPP
:KHHOEDVH LQPP
0LQLPXPJURXQG
FOHDUDQFH
LQPP
&DVWHUDQJOH 
7UDLO LQPP
&XUEZHLJKW
&%)
67$7(PHHWV
&DOLIRUQLD
OENJ
&%)$
67$7(PHHWV
&DOLIRUQLD
OENJ
&DQDGDPRGHO OENJ
0D[LPXPZHLJKW
FDSDFLW\

OENJ
3DVVHQJHUFDSDFLW\ 5LGHUDQGSDVVHQJHU
0LQLPXPWXUQLQJUDGLXV
IWP
 ,QFOXGLQJULGHUSDVVHQJHUDOOOXJJDJHDQGDFFHVVRULHV
'LVSODFHPHQW FXLQFP
%RUH[VWURNH
[LQ[PP
&RPSUHVVLRQUDWLR 
)XHO
8QOHDGHGJDVROLQH
5HFRPPHQGHG321RUKLJKHU
7DQNFDSDFLW\ 86JDO/
%DWWHU\
)7=6
9$K+5
<7=6
9$K+5
*HDUUDWLR
VW 
QG 
UG 
WK 
WK 
WK 
5HGXFWLRQUDWLR
SULPDU\ILQDO

6SHFLILFDWLRQV

background
ଶ 6HUYLFH'DWD
7LUHVL]H
)URQW =50&:
5HDU =50&:
7LUHW\SH 5DGLDOWXEHOHVV
5HFRPPHQGHG
7LUH
)URQW
'81/23')
0(7=(/(5
52$'7(&=,17(5$&7(
5HDU
'81/23'3
0(7=(/(5
52$'7(&=,17(5$&70
7LUHDLUSUHVVXUH
)URQW SVLN3DNJIFP
5HDU SVLN3DNJIFP
0LQLPXPWUHDG
GHSWK
)URQW LQPP
5HDU LQPP
6SDUNSOXJ VWDQGDUG &35($1*.
6SDUNSOXJJDS
LQPP
,GOHVSHHG
QRDGMXVWPHQW
USP
5HFRPPHQGHG
HQJLQHRLO
$3,6HUYLFH&ODVVLILFDWLRQ6*RUKLJKHU
H[FHSWRLOVODEHOHGDVHQHUJ\FRQVHUYLQJRU
UHVRXUFHFRQVHUYLQJRQWKHFLUFXODU$3,
VHUYLFHODEHO6$(:-$627
VWDQGDUG0$3UR+RQGD*1VWURNHRLO
86$&DQDGDRU+RQGDVWURNHRLORU
DQHTXLYDOHQWPRWRUF\FOHRLO
(QJLQHRLO
FDSDFLW\
$IWHUGUDLQLQJ
86TW/
$IWHUGUDLQLQJ
HQJLQHRLO
ILOWHUFKDQJH
86TW/
$IWHU
GLVDVVHPEO\
86TW/
5HFRPPHQGHG
EUDNHIOXLG
+RQGD'27%UDNH)OXLG
&RROLQJV\VWHP
FDSDFLW\
86TW/
5HFRPPHQGHG
FRRODQW
3UR+RQGD+3&RRODQW
5HFRPPHQGHG
GULYHFKDLQ
OXEULFDQW
3UR+RQGD+3&KDLQ/XEHRUHTXLYDOHQW
'ULYHFKDLQVODFN LQPP
6WDQGDUGGULYH
FKDLQ
','9
1RRIOLQNV 
6WDQGDUGVSURFNHW
VL]H
'ULYHVSURFNHW 7
'ULYHQVSURFNHW 7
6SHFLILFDWLRQV
6SHFLILFDWLRQV

background
ଶ %XOEV
+HDGOLJKW /('
%UDNHOLJKW7DLOOLJKW /('
)URQWWXUQVLJQDOOLJKW 9:ï
5HDUWXUQVLJQDOOLJKW 9:ï
3RVLWLRQOLJKW /('
/LFHQVHSODWHOLJKW 9:
ଶ )XVHV
0DLQIXVH $
2WKHUIXVH
&%) $$
&%)$ $$$
ଶ 7RUTXH6SHFLILFDWLRQV
2LOILOWHU OEIÃIW1ÃPNJIÃP
(QJLQHRLOGUDLQEROW OEIÃIW1ÃPNJIÃP
5HDUZKHHOD[OHQXW OEIÃIW1ÃPNJIÃP
'ULYHFKDLQDGMXVWLQJORFNQXW OEIÃIW1ÃPNJIÃP
)URQWZKHHOD[OHVKDIW OEIÃIW1ÃPNJIÃP
)URQWZKHHOEUDNHFDOLSHU
PRXQWLQJEROW
OEIÃIW1ÃPNJIÃP
)URQWZKHHOD[OHSLQFKEROW OEIÃIW1ÃPNJIÃP
6SHFLILFDWLRQV
6SHFLILFDWLRQV

background
,QIRUPDWLRQ5HFRUG
9,1
(QJLQH1R
&RORU/DEHO&RGH
2ZQHUV1DPH
$GGUHVV
&LW\6WDWH
3KRQH
'HDOHUV1DPH
$GGUHVV
&LW\6WDWH
3KRQH
6HUYLFH0DQDJHU

background
,QGH[
$
$%6$QWLORFN%UDNH6\VWHP 
$%6$QWLORFN%UDNH6\VWHP
,QGLFDWRU  
$FFHVVRULHV 
$LU&OHDQHU 
$XWKRUL]HG0DQXDOV 
%
%DWWHU\ 
%UDNH/LJKW6ZLWFK 
%UDNHV
)OXLG 
/HYHU$GMXVWPHQW 
3DG:HDU  
%UDNLQJ  
%XOE
%UDNH/LJKW7DLOOLJKW  
)URQW7XUQ6LJQDO  
+HDGOLJKW3RVLWLRQ/LJKWV 
/LFHQVH3ODWH/LJKW 
5HDU7XUQ6LJQDO 
&
&DULQJIRU<RXU0RWRUF\FOH  
&DWDO\WLF&RQYHUWHU 
&OXWFK6\VWHP 
&RORUODEHO  
&RRODQW 
&UDQNFDVH%UHDWKHU  
'
'LJLWDO&ORFN$GMXVWPHQW  
'LVSOD\6HWWLQJ  
'ULYH&KDLQ 
(
(OHFWULFDO7URXEOH  
(PLVVLRQ&RQWURO6\VWHPV  
,QGH[

background
(QJLQH
1XPEHU 
2LO 
2LO)LOWHU  
2YHUKHDWV 
6WDUWLQJ  
6WRS6ZLWFK 
6WRSSLQJ  
:LOO1RW6WDUW 
(QYLURQPHQW  
(TXLSPHQW
2ZQHU·V0DQXDO 
7RRO.LW 
)
)ORRGHG(QJLQH  
)URQW6HDW  
)URQW6XVSHQVLRQ  
)XHO
&RQVXPSWLRQ0HWHU  
*DXJH  
0LOHDJH0HWHU  
2[\JHQDWHG  
5HFRPPHQGHG
5HPDLQLQJ 
7DQN&DSDFLW\  
)XVHV 
*
*DVRKRO  
*DVROLQH  
+
+D]DUG6ZLWFK 
+HDGOLJKW$LP  
+HDGOLJKW'LPPHU6ZLWFK  
+HOPHW+ROGHU 
+LJK%HDP,QGLFDWRU 
+LJK&RRODQW7HPSHUDWXUH,QGLFDWRU  
+RQGD&RQWDFWV  
+RUQ%XWWRQ  
,
,JQLWLRQ&XWRII6\VWHP
%DQNLQJ6HQVRU 
6LGH6WDQG 
,JQLWLRQ.H\ 
,JQLWLRQ6ZLWFK 
,QGH[

background
,QGLFDWRUV 
,QIRUPDWLRQ5HFRUG 
,QVWUXPHQWV  
/
/DEHOV
/RDG/LPLWV  
/RDGLQJ*XLGHOLQHV 
/RZ2LO3UHVVXUH,QGLFDWRU  
0
0DLQWHQDQFH
)XQGDPHQWDOV  
,PSRUWDQFH  
6DIHW\  
6FKHGXOH 
0D[LPXP:HLJKW/LPLW  
0RGLILFDWLRQV 
1
1HXWUDO,QGLFDWRU  
2
2GRPHWHU 
2LO
(QJLQH  
2YHUKHDWLQJ  
2[\JHQDWHG)XHOV 
3
3DUNLQJ  
3DUWV/RFDWLRQ 
3*0),3URJUDPPHG)XHO,QMHFWLRQ
0DOIXQFWLRQ,QGLFDWRU/DPS0,/ 
3URWHFWLYH$SSDUHO
5
5HDU6HDW 
5HDU6XVSHQVLRQ 
5HFRPPHQGHG
&RRODQW 
)XHO 
2LO  
5HIXHOLQJ 
,QGH[

background
5HPRYDO
%DWWHU\ 
&OLS 
)URQW6HDW 
5HDU6HDW 
5LJKW6LGH&RYHU 
5HSDLU.LW  
5HSRUWLQJ6DIHW\'HIHFWV 
5LGLQJ3UHFDXWLRQV  
5LJKW6LGH&RYHU  
6
6DIHW\/DEHOV 
6DIHW\3UHFDXWLRQV
6KLIWLQJ*HDUV  
6LGH6WDQG 
6LGH6WDQG,JQLWLRQ&XWRII6\VWHP  
6SHFLILFDWLRQV 
6SHHGRPHWHU  
6WDUW%XWWRQ  
6WDUWLQJWKH(QJLQH  
6WHHULQJ/RFN  
6WRSSLQJ(QJLQH  
6WRUDJH
(TXLSPHQW  
2ZQHU·V0DQXDO 
7RRO.LW 
6WRULQJ<RXU0RWRUF\FOH  
6ZLWFKHV  
7
7DFKRPHWHU  
7KURWWOH 
7LUHV
$LU3UHVVXUH  
3XQFWXUH 
5HSODFLQJ
7UDQVSRUWLQJ<RXU0RWRUF\FOH 
7ULSPHWHU 
7URXEOHVKRRWLQJ  
7XUQ6LJQDO,QGLFDWRUV  
9
9HKLFOH,GHQWLILFDWLRQ1XPEHU  
:
:DUQLQJ,QGLFDWRUV2Q 
:DUUDQW\&RYHUDJHDQG6HUYLFH  
,QGH[

background
:DVKLQJ<RXU0RWRUF\FOH 
:HLJKW/LPLW 
:KHHOV
)URQW5HPRYDO  
5HDU5HPRYDO 
,QGH[

background
&DOLIRUQLD3URSRVLWLRQ:DUQLQJ
3
:$51,1*
2SHUDWLQJVHUYLFLQJDQGPDLQWDLQLQJDSDVVHQJHUYHKLFOHRURII
URDGYHKLFOHFDQH[SRVH\RXWRFKHPLFDOVLQFOXGLQJHQJLQH
H[KDXVWFDUERQPRQR[LGHSKWKDODWHVDQGOHDGZKLFKDUH
NQRZQWRWKH6WDWHRI&DOLIRUQLDWRFDXVHFDQFHUDQGELUWK
GHIHFWVRURWKHUUHSURGXFWLYHKDUP7RPLQLPL]HH[SRVXUHDYRLG
EUHDWKLQJH[KDXVWGRQRWLGOHWKHHQJLQHH[FHSWDVQHFHVVDU\
VHUYLFH\RXUYHKLFOHLQDZHOOYHQWLODWHGDUHDDQGZHDUJORYHVRU
ZDVK\RXUKDQGVIUHTXHQWO\ZKHQVHUYLFLQJ\RXUYHKLFOH)RU
PRUHLQIRUPDWLRQJRWR
ZZZ3:DUQLQJVFDJRYSDVVHQJHUYHKLFOH

Specifications

Honda 2018 CB500F Questions and Answers

Find answers or ask new question.
Questions and Answers

Related Products

Product Honda CB1000R 2011 image
Honda CB1000R Street Standard 2011
2020-12-04 1 docs
Product Honda CB650R image
Honda CB650R Street Standard 2020
2020-10-16 1 docs
Product Honda 2022 TRAIL125 image
Honda 2022 TRAIL125 Street Standard
2022-04-22 1 docs
Product Honda 2022 CB500F image
Honda 2022 CB500F Street Standard
2022-04-13 1 docs
Product Honda 2022 CB300R image
Honda 2022 CB300R Street Standard
2021-08-20 1 docs
Product Honda 2021 CB1000R image
Honda 2021 CB1000R Street Standard
2021-06-18 1 docs