
$OLPHQWDWLRQ
VXLWH
/DSODTXHVLJQDOpWLTXHHVWVLWXpHVXUODJDUQLWXUH
ODWpUDOHGXIRXUVXUOHGHYDQWGXFDGUHODWpUDORXVXUOH
GHYDQWGXFDGUHLQIpULHXU
1RXVYRXVUHFRPPDQGRQVGHIDLUHUpDOLVHU
OHFkEODJHpOHFWULTXHHWOHEUDQFKHPHQWGH
YRWUHIRXUSDUXQpOHFWULFLHQTXDOL¿p$SUqVOH
PRQWDJHGHPDQGH]jO·pOHFWULFLHQGHYRXVPRQWUHU
O·HPSODFHPHQWGHO·LQWHUUXSWHXUG·LVROHPHQWGH
YRWUHIRXU
9pUL¿H]DXSUqVGHYRWUHFRPSDJQLHG·pOHFWULFLWp
OHFRGHGHO·pOHFWULFLWpUpJLVVDQWOHVLQVWDOODWLRQV
pOHFWULTXHVGDQVYRWUHUpJLRQ6LYRXVQHEUDQFKH]SDV
YRWUHIRXUFRQIRUPpPHQWDXFRGHHQYLJXHXUYRXV
YRXVH[SRVH]jXQHVLWXDWLRQGDQJHUHXVH(QO·DEVHQFH
G·XQFRGHGHO·pOHFWULFLWpORFDOYRWUHIRXUGRLWrWUH
PXQLG·XQEUDQFKHPHQWHWGHIXVLEOHVTXLUpSRQGHQW
jODQRUPH&$1&6$&1R20RXODGHUQLqUH
pGLWLRQ
9RXVGHYH]XWLOLVHUXQFLUFXLWpOHFWULTXHSUpVHQWDQWOHV
FDUDFWpULVWLTXHVVXLYDQWHVFRXUDQWPRQRSKDVpFD
WUL¿ODLUH<YROWVRXYROWV
KHUW]6LYRXVYRXVEUDQFKH]jGXFkEODJHHQ
DOXPLQLXPYRXVGHYH]XWLOLVHUGHVFRQQHFWHXUV
FRUUHFWHPHQWPRQWpVHWDSSURXYpVSRXUFHW\SH
GHFkEODJH
&216,*1(6'(6e&85,7e,03257$17(6
'LUHFWLYHVG·LQVWDOODWLRQ
3RXUYRWUHVpFXULWp
$VVXUH]YRXVTXHYRWUHIRXUHVWELHQPRQWp
SDUXQLQVWDOODWHXUTXDOL¿pRXXQWHFKQLFLHQ
GHVHUYLFH
$VVXUH]YRXVTXHOHVDUPRLUHVGHFXLVLQH
HWOHVUHYrWHPHQWVGHPXUDXWRXUGXIRXUSHXYHQW
VXSSRUWHUODWHPSpUDWXUHSRXYDQWDWWHLQGUH&
>)@SURGXLWHSDUOHIRXU
$VVXUH]YRXVTXHYRWUHIRXUHVWPRQWpHQ
WRXWHVpFXULWpGDQVXQHHQFHLQWHTXLHVWELHQ¿[pH
jODVWUXFWXUHGHYRWUHPDLVRQ7RXWHSUHVVLRQ
DSSOLTXpHVXUODSRUWHGXIRXUSHXWIDLUHWRPEHUOH
IRXUHWRFFDVLRQQHUGHVEOHVVXUHV1HSHUPHWWH]j
SHUVRQQHGHJULPSHUGHV·DVVHRLUGHVHWHQLUVXUOD
SRUWHGXIRXURXGHV·\VXVSHQGUH
$9(57,66(0(17
9RXV
GHYH]FRXSHUO·DOLPHQWDWLRQ
pOHFWULTXHGXIRXUDYDQWGHOHEUDQFKHU/H
GpIDXWGHVHFRQIRUPHUjFHWWHSURFpGXUH
SHXWHQWUDvQHUGHVEOHVVXUHVVpYqUHVHW
PrPHODPRUW
$OLPHQWDWLRQ
&HWDSSDUHLOGRLWrWUHDOLPHQWpDYHFXQFRXUDQW
GHWHQVLRQHWGHIUpTXHQFHDSSURSULpHVHWFRQQHFWpj
XQFLUFXLWLQGLYLGXHODGpTXDWHPHQW
PLVjODWHUUHHWSURWpJpSDUXQGLVMRQFWHXURXXQ
IXVLEOH9HXLOOH]FRQVXOWHUODSODTXHVLJQDOpWLTXHVLWXpH
VXUOHFDGUHGXIRXUD¿QGHGpWHUPLQHUODSXLVVDQFH
QRPLQDOHGXSURGXLW6HUYH]YRXVGXWDEOHDXFL
GHVVRXVSRXUGpWHUPLQHUODSURWHFWLRQPLQLPDOH
UHFRPPDQGpHGXFLUFXLWGpGLp
3XLVVDQFH
3XLVVDQFH
&DOLEUH
QRPLQDOHHQN:
QRPLQDOH
UHFRPPDQGpSRXU
9
HQN:9
OHFLUFXLWGpGLp
N:
N:
DPSqUHV
N:jN:
N:jN:
DPSqUHV
N:jN:
N:jN:
DPSqUHV
N:jN: N:jN:
DPSqUHV
(PSODFHPHQW
GHODSODTXH
VLJQDOpWLTXH