8VLQ
J)DFWRU\1HWZRUNV
IRU,
QYHUWHU
2S
HUDWLR
Q
&RQQHFWLQJWRD0RG%XV5781HWZRUN
±
/'
.
63
7KHIROORZLQJUXQJKHOSVWRHQVXUHWKH3/&LVUHDGLQJYDOLGGDWD,WXWLOL]HVWKHIDFW
WKDWLIHLWKHUWKHFRPPSRUWRIWKHLQYHUWHUWKH6&23(¶VLQYHUWHUSRUWRUWKHFDEOH
EHWZHHQWKH6&23(DQGWKHGULYHKDVDIDXOWHUURUWKHRQO\UHJLVWHUWKDWZLOOQRW
IDLOFRPPXQLFDWLRQVWRWKH3/&LVWKH5XQ6WDWXVUHJLVWHU:KHQDSRUWHUURURFFXUV
ZHZLOODWWHPSWWRUHDGWKLVUHJLVWHU$UHDGIDLOXUHLQGLFDWHVWKHSUREOHPLVEHWZHHQ
WKH3/&DQG6&23(,QWKLVHYHQWLQFUHPHQWDFRXQWHUILYHWLPHVDQGZKHQWKH
FRXQWHULVGRQHWXUQFRQWUROUHOD\&21
9
.
/'
.
/'$
2
5;
7$
705
7
.
7
&
567
&17
&7
.
7
&
&7
.HHSUHDGLQJWKHUXQVWDWXVUHJ
LVWHUXQWLOWKHFRPPHUURUFOHDUV
EHWZHHQWKH6&23(DQGWKH
'ULYH.LVWKHYDOXHRIWKHUXQ
VWDWXVUHJLVWHUZKHQWKHUHLVDQ
HUURUIRU6&23(WRLQYHUWHU
FRPPXQLFDWLRQV
7KHIROORZLQJUXQJPRQLWRUVFRPPXQLFDWLRQVIRUSRUWHUURUVDIWHUDWWHPSWLQJWRUHDG
WKHUXQVWDWXVUHJLVWHU
$WWHPSWWRUHDGWKH5XQ6WDWXV
UHJLVWHUZKHQDSRUWHUURURU
FRPPXQLFDWLRQVHUURURFFXUV
,IHUURUVSHUVLVWWKHQLQFUHPHQWWKH
FRXQWHUWLPHV:KHQWKHFRXQWHU
LVGRQHWXUQFRQWUROUHOD\&21
WRUHFRUGWKHHUURUIRU6&23(WR
3/&FRPPXQLFDWLRQV&RQWURO
UHOD\&WXUQV21RQFHQRUPDO
FRPPXQLFDWLRQLVUHVXPHGWRUHVHW
WKHFRXQWHU
3RUW(UURU
3RUW(UURU
5XQ6WDWXV
3RUW(UURU
&RPPHUURU
FRXQWHU
&RPP(UURU
&RXQWHU
6&23(WR
3/&HUURU
&
287
&
&
