6HUYLFHjODFOLHQWqOH
/DYHYDLVVHOOH
$YHFO·DFKDWGHYRWUHQRXYHODSSDUHLO0RQRJUDPVR\H]
DVVXUpGHUHFHYRLUWRXWHO·LQIRUPDWLRQRXO·DVVLVWDQFHGRQW
YRXVSRXUULH]DYRLUEHVRLQGHODSDUWGH*(7RXWFHTXHYRXV
DYH]jIDLUHF·HVWGHQRXVDSSHOHU³JUDWXLWHPHQW
&HQWUHGH
UpSRQVHV*(
$X[eWDWV8QLV
4XHOOHTXHVRLWYRWUHTXHVWLRQVXUOHVDSSDUHLOV0RQRJUDPOHVHUYLFHG·LQIRUPDWLRQ*($QVZHU&HQWHU
HVWjYRWUHGLVSRVLWLRQSRXUYRXVDVVLVWHU1RXVUpSRQGURQVUDSLGHPHQWHWFRXUWRLVHPHQWjYRWUH
DSSHO³HWjYRWUHTXHVWLRQ$SSHOH]OHVHUYLFHG·LQIRUPDWLRQ*($QVZHU&HQWHUGXOXQGLDXYHQGUHGLGH
KjKKHXUHQRUPDOHGHO·(VWHWOHVDPHGLGHKjKKHXUHQRUPDOHGHO·(VW
28
9LVLWH]QRWUHVLWH:HEjO·DGUHVVH
PRQRJUDPFRP
$X&DQDGDDSSHOH]OH
6HUYLFHGH
UpSDUDWLRQV
0RQRJUDP
$X[eWDWV8QLV
$X&DQDGD
8QSURIHVVLRQQHOGXVHUYLFHFOLHQWqOHGH*(YRXVRȺULUDXQVHUYLFHH[SHUWGHUpSDUDWLRQSUpYX
jXQHKHXUHTXLYRXVFRQYLHQW3RXUSURJUDPPHUXQHUpSDUDWLRQDSSHOH]GXOXQGLDXYHQGUHGL
GHKjKKHXUHQRUPDOHGHO·(VWHWOHVDPHGLHWOHGLPDQFKHGHKjKKHXUH
QRUPDOHGHO·(VW/H6HUYLFHjOD&OLHQWqOHGH*(H[SORLWpSDUODFRPSDJQLHGDQVGHQRPEUHXVHV
ORFDOLVDWLRQVYRXVRȺUHXQVHUYLFHDXMRXUG·KXLGHPDLQRXTXDQGFHODYRXVFRQYLHQW1RV
WHFKQLFLHQVIRUPpVHQXVLQHFRQQDLVVHQWSDUIDLWHPHQWYRWUHDSSDUHLO³ODSOXSDUWGHVUpSDUDWLRQV
SHXYHQWrWUHHȺHFWXpHVHQXQHVHXOHYLVLWH
$X&DQDGDOXQGLDXYHQGUHGLGHKjKHWVDPHGLGHKjK('67
&RQWUDWV
GHVHUYLFH
$X[eWDWV8QLV
$X&DQDGD
9RXVSRXYH]rWUHUDVVXUpGHVDYRLUTXHOHVHUYLFH*(VHUDWRXMRXUVOjDSUqVO·H[SLUDWLRQGHYRWUH
JDUDQWLH6RXVFULYH]jXQFRQWUDW*(SHQGDQWTXHYRWUHJDUDQWLHHVWWRXMRXUVHQYLJXHXUHWYRXV
EpQp¿FLHUH]G·XQHULVWRXUQHVXEVWDQWLHOOH$YHFXQFRQWUDWVXUSOXVLHXUVDQQpHVYRXVrWHVDVVXUp
G·XQIXWXUVHUYLFHDXSUL[G·DXMRXUG·KXL
3LqFHVHW
DFFHVVRLUHV
$X[eWDWV8QLV
$X&DQDGD
/HVSHUVRQQHVTXDOL¿pHVSRXUUpSDUHUOHXUVSURSUHVDSSDUHLOV
SHXYHQWFRPPDQGHUGHVSLqFHV
GpWDFKpHVHWGHVDFFHVVRLUHVHWVHOHVIDLUHHQYR\HUGLUHFWHPHQWjGRPLFLOH/HV\VWqPHGHSLqFHV
GpWDFKpHV*(SURSRVHXQDFFqVjSOXVGHSLqFHVHWWRXWHVOHVSLqFHVGHUHFKDQJHG·RULJLQH
*(EpQp¿FLHQWG·XQHJDUDQWLHFRPSOqWH/HVFDUWHVEDQFDLUHV9,6$0DVWHU&DUGHW'LVFRYHUVRQW
DFFHSWpHV
/HVLQVWUXFWLRQVGHPDLQWHQDQFHFRQWHQXHVGDQVFHPDQXHOGpWDLOOHQWOHVSURFpGXUHVj
XWLOLVHUSDUQ·LPSRUWHTXHOXWLOLVDWHXU7RXWHDXWUHUpSDUDWLRQRXLQWHUYHQWLRQGRLWrWUH
HIIHFWXpHSDUXQWHFKQLFLHQTXDOL¿p/DSUXGHQFHHVWQpFHVVDLUHFDUXQHUpSDUDWLRQ
LQFRUUHFWHSHXWSURYRTXHUXQIRQFWLRQQHPHQWGDQJHUHX[GHO·DSSDUHLO
3RXUQRV
FOLHQWVTXLRQW
GHVEHVRLQV
VSpFLDX[«
$X[eWDWV8QLV
*(RȺUHJUDWXLWHPHQWXQHEURFKXUHSRXUDLGHUjODSODQL¿FDWLRQG·XQH
FXLVLQHVDQVHQWUDYHSRXUOHVSHUVRQQHVjPRELOLWpUpGXLWH
/HVFRQVRPPDWHXUVPDOHQWHQGDQWVRXPXHWVTXLRQWDFFqVjXQ7''
RXjXQWpOpVFULSWHXUFRQYHQWLRQQHOSHXYHQWDSSHOHUOH7''*($&
SRXUVROOLFLWHULQIRUPDWLRQRXVHUYLFH
,PSULPpDX[eWDWV8QLV
