,QVWUXFWLRQVG·,QVWDOODWLRQ
%5$1&+(5/$6(&+(86($
/·$(5$7,21'(/$0$,621
78<$85,*,'('(75$16,7,21(10(7$/
3RXUOHVPHLOOHXUHVSHUIRUPDQFHVGHVpFKDJHSRVVLEOHVOH
WX\DXGHWUDQVLWLRQULJLGHHQPpWDOHVWUHFRPPDQGp
/HVWX\DX[GHWUDQVLWLRQULJLGHVHQPpWDOUpGXLVHQWOHULVTXH
G·pFUDVHPHQWHWGHQRHXGV
78<$8'(75$16,7,218/)/(;,%/((10(7$/6(0,5,*,'(
6LOHWX\DXULJLGHHQPpWDOQHSHXWSDVrWUHXWLOLVpDORUVOHWX\DX8/
ÀH[LEOHHQPpWDOVHPLULJLGHSHXWrWUHXWLOLVp.LW:;;
1HMDPDLVLQVWDOOHUGHWX\DXÀH[LEOHHQPpWDODXPXUVDXSODIRQG
DX[VROVRXDXWUHVHVSDFHVIHUPpV
/DORQJXHXUGXWX\DXÀH[LEOHHQPpWDOQHGHYUDLWSDVH[FpGpSLHGV
P
3RXUSOXVLHXUVDSSOLFDWLRQVLQVWDOOHUGHVFRXGHVjODIRLVjOD
VpFKHXVHHWDXPXUHVWIRUWHPHQWUHFRPPDQGpYRLULOOXVWUDWLRQ
FLGHVVRXV/HVFRXGHVSHUPHWWHQWjO·DSSDUHLOG·rWUHSODFpSUqV
GXPXUVDQVIDLUHGHQRHXGVHWRXpFUDVHUOHWX\DXGHWUDQVLWLRQ
PD[LPLVDQWOHVSHUIRUPDQFHVGHVpFKDJH
(YLWH]GHSDXVHUOHWX\DXGXUGHVREMHWVFRXSDQWV
/(78<$8'(75$16,7,218/)/(;,%/((10(7$/
$/80,1,80
3RXUGHVLQVWDOODWLRQVVSpFLDOHVLOSHXWrWUHQpFHVVDLUHGH
EUDQFKHUODVpFKHXVHjO·DpUDWLRQGHODPDLVRQXWLOLVDQWXQ
WX\DXÀH[LEOHHQPpWDODOXPLQLXP8QWX\DX8/ÀH[LEOH
HQPpWDOVHPLULJLGHQHSHXWSDVrWUHXWLOLVp(7FHFLRXQ
GLDPqWUHGHµSHXWrWUHPDLQWHQXWRXWDXORQJGXWX\DX
$X&DQDGDHWDX[86$VHXOHPHQWOHVWX\DX[ÀH[LEOHVHQ
PpWDODOXPLQLXPTXLVHSOLHQWj©'HVFULSWLRQ*pQpUDOHGX
7X\DXGH7UDQVLWLRQGHOD/DYHXVHGH9rWHPHQWVGX6XMHW
$ªGHYUDLWrWUHXWLOLVp
1HMDPDLVLQVWDOOHUGHWX\DXÀH[LEOHHQPpWDOVXUOHVPXUVOHV
SODIRQGVOHVVROVRXDXWUHVHVSDFHVIHUPpV
/DORQJXHXUGXWX\DXÀH[LEOHHQPpWDOQHGHYUDLWSDVH[FpGpH
SLHGVP
(YLWH]GHSDXVHUOHWX\DXGXUGHVREMHWVFRXSDQWV
3RXUOHVPHLOOHXUHVSHUIRUPDQFHVSRVVLEOHV
)DLWHVJOLVVHUXQHH[WUpPLWpGXWX\DXVXUOHFRQGXLW
H[WpULHXUGHODVpFKHXVHGHYrWHPHQWV
)L[H]OHWX\DXDYHFXQHSLQFH
$\DQWODVpFKHXVHGDQVVDSRVLWLRQSHUPDQHQWHSURORQJH]
OHWX\DXYHUVVDORQJXHXUPD[LPXP/DLVVH]µGHWX\DX
VHFKHYDXFKHUDYHFOHFRQGXLWG·pFKDSSHPHQW&RXSH]HW
HQOHYH]O·H[FqVGHWX\DX*DUGH]OHWX\DXDXVVLGURLWTXH
SRVVLEOHSRXUPD[LPLVHUOHÀX[G·DLU
)L[H]OHWX\DXDXFRQGXLWG·pFKDSSHPHQWDYHFO·DXWUH
SLQFH
C
H
C
H
C
H
C
H
)$,5(
&28'(6)257(0(17
5(&200$1'(6
C
H
1(3$6)$,5(
1(3$6
87,/,6(5
81
&21'8,7
7523/21*
1(3$6(&5$6(5/(
&21'8,7$9(&/$
0$&+,1(
1(3$6
(&5$6(5/(
&21'8,7
&2175(/(
085