,QVWDOODWLRQ,QVWUXFWLRQV
35(3$5(72,167$//7+(5$1*(
722/6<28:,//1(('
$GMXVWDEOH:UHQFK
/HYHO
µ1XW'ULYHU
3KLOOLSV6FUHZGULYHU
'ULOOZLWKµ%LW
3HQFLO
6DIHW\*ODVVHV
7DSH0HDVXUH
3OLHUV
)ODWEODGH6FUHZGULYHU
3$576,1&/8'('
$QWL7LS%UDFNHW.LW
5(029(6+,33,1*0$7(5,$/6
5HPRYHSDFNDJLQJPDWHULDOV)DLOXUHWR
UHPRYHSDFNDJLQJPDWHULDOVFRXOGUHVXOWLQ
GDPDJHWRWKHDSSOLDQFH
35(3$5(7+(23(1,1*
$OORZ
s
VSDFLQJIURPWKHUDQJHWRDGMDFHQWYHUWLFDO
ZDOOVDERYHWKHFRRNWRSVXUIDFH$OORZ
s
PLQLPXP
FOHDUDQFHEHWZHHQWKHVXUIDFHXQLWVDQGWKHERWWRP
RIXQSURWHFWHGZRRGRUPHWDOWRSFDELQHWDQG
s
PLQLPXPEHWZHHQWKHFRXQWHUWRSDQGDGMDFHQW
FDELQHWERWWRP
7RHOLPLQDWHWKHULVNRIEXUQVRUILUHZKHQUHDFKLQJ
RYHUKRWVXUIDFHHOHPHQWVFDELQHWVWRUDJHVSDFH
DERYHWKHFRRNWRSVKRXOGEHDYRLGHG,IFDELQHW
VWRUDJHVSDFHLVWREHSURYLGHGDERYHWKHFRRNWRS
WKHULVNFDQEHUHGXFHGE\LQVWDOOLQJDUDQJHKRRG
WKDWSURWUXGHVDWOHDVW
s
EH\RQGWKHIURQWRIWKH
FDELQHWV&DELQHWVLQVWDOOHGDERYHDFRRNWRSPD\EH
QRGHHSHUWKDQ
s
)ORRULQJXQGHUWKHUDQJH
<RXUUDQJHOLNHPDQ\RWKHUKRXVHKROGLWHPVLV
KHDY\DQGFDQVHWWOHLQWRVRIWIORRUFRYHULQJVVXFK
DVFXVKLRQHGYLQ\ORUFDUSHWLQJ
:KHQPRYLQJWKHUDQJHRQWKLVW\SHRIIORRULQJ
LWVKRXOGEHLQVWDOOHGRQD
s
WKLFNVKHHWRI
SO\ZRRGRUVLPLODUPDWHULDODVIROORZV
:KHQWKHIORRUFRYHULQJHQGVDWWKHIURQWRIWKH
UDQJHWKHDUHDWKDWWKHUDQJHZLOOUHVWRQVKRXOG
EHEXLOWXSZLWKSO\ZRRGWRWKHVDPHOHYHORU
KLJKHUWKDQWKHIORRUFRYHULQJ7KLVZLOODOORZWKH
UDQJHWREHPRYHGIRUFOHDQLQJRUVHUYLFLQJ
%
$
&
)URP
FRPEXVWLEOH
ZDOOVDERYH
FRRNLQJ
VXUIDFHHLWKHU
VLGH
s
'
GHSWK
ZLWKGRRU
RSHQ
s
s
PLQ
s
PLQ
s
PD[
s
PD[
0RGHOV
$
%
&
'
-$6
s
s
µFP
s
FP
-$3
s
s
µFP
s
s
s
:DOO0RXQWHG
ø
s
)ORRU
&RUG
2XWOHWER[
:DOO
s
5HFRPPHQGHGDFFHSWDEOHHOHFWULFDORXWOHW
DUHD2ULHQWWKHHOHFWULFDOUHFHSWDFOHVRWKH
OHQJWKLVSDUDOOHOWRWKHIORRU
6XUIDFH
PRXQW
RXWOHW
Summary of Contents for JAS02
Page 42: ...1RWHV...
