352&(',0,(172'(/$9$'235,1&,3$/
352&(',0,(172'(/$9$'235,1&,3$/
352&(',0,(172'(/$9$'235,1&,3$/
352&(',0,(172'(/$9$'235,1&,3$/
,16758&&,21(63$5$81352*5$0$'(/$9$'21250$/
(OSURJUDPDGHFLFORGHODYDGR1250$/HVHOPiVVHQFLOORFyPRGR\FRP~QGHORVSURJUDPDVGH
FLFORGHODYDGR&XDQGRHOXVXDULRRSULPHHOERWyQ32:(5(QFHQGLGRHLQPHGLDWDPHQWHSUHVLRQD
HOERWyQ67$573$86(VHDFWLYDHOSURJUDPDGHFLFORGHODYDGR1250$/
&XDQGRODODYDGRUDFRPLHQ]DHOSURJUDPDODSDQWDOODGLJLWDOPRVWUDUi HOWLHPSRUHVWDQWH/DOX]
LQGLFDGRUDSDUSDGHDUi SDUDPRVWUDUHOWLHPSRUHVWDQWHGHOSURJUDPDGHFLFORGHODYDGR
'(6&5,3&,Ï1'(7$//$'$'(/263$626
3UHVLRQHHOERWyQ32:(5SDUD(1&(1'(5ODODYDGRUD
'HWHUPLQHODFDUJDGHODYDQGHUtD\VHOHFFLRQHHOQLYHOGHDJXDDSURSLDGR
3UHVLRQHHOERWyQ67$573$86(SDUDHPSH]DUHOSURJUDPDGHFLFORGHODYDGR
,16758&&,21(63$5$81352*5$0$'(&,&/2'(/$9$'26(1&,//2
(OXVXDULRSXHGHVHOHFFLRQDUFXDOTXLHUSURJUDPDGHFLFORGHODYDGRVHQFLOORRXQDFRPELQDFLyQGH
SURJUDPDVFRQODVRSFLRQHV:$6+/$9$55,16((1-8$*$5\63,1 &(175,)8*$5GH
DFXHUGRFRQORVUHTXLVLWRVGHODFDUJDDODYDU4XLWHODVHOHFFLyQHQXQRRGRVGHORVLQGLFDGRUHVTXH
QRVHDQQHFHVDULRVDOWLHPSRTXHHOLQGLFDGRUUHVWDQWHPXHVWUDHOSURJUDPDGHODYDGRDFWLYDGR
DFWXDOPHQWHSRUHOXVXDULR
'(6&5,3&,Ï1'(7$//$'$'(/263$6263$5$/$9$'26(1&,//2
3UHVLRQHHOERWyQ32:(5SDUD(1&(1'(5ODODYDGRUD
$3$*8(ORVLQGLFDGRUHV5,16((1-8$*8(\63,1&(175,)8*$'2SUHVLRQDQGRVXVUHVSHFWLYRV
ERWRQHV
/DRSHUDFLyQSDUD5,16((1-8$*8(VHQFLOOR\63,1&(175,)8*$'2VHQFLOORVRQVLPLODUHVHQIRUPDWR
862'(/$62/8&,Ï1'(/$9$'2325&$5*$60Ò/7,3/(6
&DUJXHODSULPHUDFDUJDGHODYDGRHQODODYDGRUDDJUHJXHGHWHUJHQWHHQSROYR\SUHVLRQHHOERWyQ
)81&7,21)81&,Ï1SDUDHVWDEOHFHUHO/$9$'2VHQFLOORDHMHFXWDU
6DTXHODSULPHUDFDUJDGHODYDGRGHVSXpVGHHVFXFKDUHOILQGHOWLPEUHGHODYDGR
3RQJDODVHJXQGDFDUJDGHODYDQGHUtDHQODODYDGRUD\VHOHFFLRQH:$6+/$9$55,16(
(1-8$*$5R63,1&(175,)8*$5
6DTXHODVHJXQGDFDUJDGHODYDGRGHVSXpVGHHVFXFKDUHOILQGHOWLPEUHGHODYDGR
&RORTXHODSULPHUDFDUJDGHODYDQGHUtDHQODODYDGRUD\RSULPDHOERWyQ)81&7,21)81&,Ï1SDUD
HVWDEOHFHUHO(1-8$*8(\&(175,)8*$'2DHMHFXWDU
127$
&LHUUHODWDSDGHVSXpVGHFDUJDUODODYDGRUDGHORFRQWUDULRVHGHWHQGUi GHPDQHUDDXWRPiWLFD\VH
HPLWLUi XQLQGLFDGRUGHDGYHUWHQFLDDQRUPDO
/DODYDGRUDQRIXQFLRQDUi KDVWDTXHODFDQWLGDGGHDJXDDOFDQFHHOQLYHOVHOHFFLRQDGR
'HVSXpVGHSUHVLRQDUHOERWyQ32:(5VLQRVHSUHVLRQDHOERWyQ67$573$86(ODODYDGRUDVH
DSDJDUi DXWRPiWLFDPHQWHGHVSXpVGHPLQXWRV
