Ŷ
)5&UHDGLQJFKHFN
$)5&UHDGLQJFDUULHVDGHJUHHRIGHYLDWLRQE\DFRQWDPLQDWLRQRQWKHVHQVRU
3HULRGLFDOO\FKHFNDQDFWXDO)5&FRQFHQWUDWLRQDQGDFRQWUROXQLWUHDGLQJ,I
WKHGLႇHUHQFHLVODUJHSXVKWKH&$/DQG(6&NH\VDWRQFHWRVWDUWHOHFWURO\WLF
FOHDQLQJ,ILWLVSHUVLVWHQWUHPRYHWKHVHQVRUIURPWKHÀRZFHOODQGVFUXEWKH
HOHFWURGHZLWKFOHDQVHUDQGDVSRQJHRUGLOXWHK\GURFKORULFDFLGWRWLPHV
ZLWKWDSZDWHUDQGSODFHWKHHOHFWURGHLQLWIRUWRPLQXWHV
$PHDVXUHPHQWHUURUPD\LQFUHDVHZKHQPDNLQJDPHDVXUHPHQWLQD'3'
FRORULPHWHUPHWKRG6HHSDJHIRUGHWDLO,QWKLVFDVHWU\DQDPSHURPHWULF
WLWUDWLRQPHWKRG2EVHUYHWKHPHDVXUDEOHUDQJHRIPJ/RUFRUUHFW
FDOLEUDWLRQZLOOQRWEHREWDLQHG
Ŷ
6HQVRUVHQVLWLYLW\FKHFN
3HULRGLFDOO\FKHFNWKHVHQVRUVHQVLWLYLW\6HOHFW$YLDWKHGLVSOD\VHOHFWLRQ
SURJUDPPLQJLQWKHXVHUPRGH&KHFNDQDFWXDO)5&FRQFHQWUDWLRQDQGFRUUH
VSRQGLQJ$DORQJZLWKWKHWDEOHDQGIRUPXODEHORZ&KDQJHWKH)5&VHQVRU
ZLWKQHZRQHLIVHQVRUVHQVLWLYLW\GRHVQRWUHDFKWKHPLQLPXPOHYHO
$FWXDO)5&FRQFHQWUDWLRQ
6HQVRUVHQVLWLYLW\PLQLPXPOHYHO
PJ/
$
PJ/
$
PJ/
$
PJ/
$
$FXUUHQWOHYHODWPJ/ PJ/·$FWXDO)5&FRQFHQWUDWLRQî5HDGLQJ$
Ŷ
%HIRUHDORQJSHULRGRIVWRSSDJH
5HPRYHWKH)5&VHQVRUIURPWKHÀRZFHOODQGULQVHHOHFWURGHVZLWKWDSZDWHU
:LSHRႇDQGFDSWKHVHQVRU
(PSW\WKHÀRZFHOOLILWLVDIUHH]LQJWHPSHUDWXUH
NOTE
'RQRWDOORZOLTXLGWRIUHH]HLQWKHÀRZFHOORULWPD\EUHDN
,QVSHFWLRQ
