63(&,),&$7,216
ìèë
:KHQ \RX KDYH VHOHFWHG WKH FRPPHUFLDO SRZHU
VXSSO\ðLQYHUWHU VZLWFKðRYHU VHTXHQFH IXQFWLRQñ WKH
0&V RSHUDWH LQ DFFRUGDQFH ZLWK WKH SDUDPHWHU
VHWWLQJV OLVWHG EHORZã
0& 2SHUDWLRQð5HODWHG )XQFWLRQV
3DUDPHWHU
1XPEHU
1DPH
6HWWLQJ
5DQJH
6HW 9DOXH
2SHUDWLRQ
)DFWRU\
6HWWLQJ
ìêç
0& VZLWFKðRYHU
LQWHUORFN WLPH
í WR ìíí
VHFRQGV
í WR ìíí
6HW WKH RSHUDWLRQ LQWHUORFN WLPH RI WKH FRPPHUFLDO SRZHU VXSSO\
RSHUDWLRQ 0&ë DQG LQYHUWHU RSHUDWLRQ 0&êï 6HW D WLPH ORQJHU WKDQ
WKH WXUQðRQ WLPH RI WKH FRUUHVSRQGLQJ 0&ñ 0&ë RU 0&êï
ìïí V
ìêæ
5HVWDUW ZDLWLQJ WLPH
õ0&ê WXUQðRQ WLPHô
í WR ìíí
VHFRQGV
í WR ìíí
6HW WLPH IURP ZKHQ WKH 21 VLJQDO HQWHUV WKH LQYHUWHU RSHUDWLRQ
0&ê WR ZKHQ LW DFWXDOO\ VZLWFKHV RQï õ1RWHô
ìïí V
í
7KH LQYHUWHU VWRSV ZKHQ DQ LQYHUWHU IDXOW RFFXUV õ0&ì WR 0&ê DOO
VZLWFK RIIôï
{
ìêå
&RPPHUFLDO SRZHU
VXSSO\ðLQYHUWHU
VZLWFKðRYHU
VHOHFWLRQ DW LQYHUWHU
DODUP
íñ ì
ì
:KHQ DQ LQYHUWHU IDXOW RFFXUV õH[FHSW H[WHUQDO WKHUPDO UHOD\ôñ
LQYHUWHU RSHUDWLRQ LV DXWRPDWLFDOO\ VZLWFKHG WR FRPPHUFLDO SRZHU
VXSSO\ RSHUDWLRQ õ0&ëã 21ñ 0&ìñ 0&êã 2))ôï
•
ääää
$XWRPDWLF VZLWFKðRYHU LV QRW SHUIRUPHGï
{
ìêä
$XWRPDWLF LQYHUWHUð
FRPPHUFLDO SRZHU
VXSSO\ VZLWFKðRYHU
IUHTXHQF\
ääääñ
í WR çí+]
í WR çí
7KH PRWRU LV VWDUWHG DQG VWRSSHG E\ WKH LQYHUWHUñ DQG ZKHQ WKH
RXWSXW IUHTXHQF\ UHDFKHV RU H[FHHGV WKH VHW IUHTXHQF\ñ LQYHUWHU
RSHUDWLRQ LV DXWRPDWLFDOO\ VZLWFKHG WR FRPPHUFLDO SRZHU VXSSO\
RSHUDWLRQï
•
1RWHã :KHQ WKH IXQFWLRQ RI DXWRPDWLF UHVWDUW DIWHU LQVWDQWDQHRXV SRZHU IDLOXUH KDV EHHQ VHOHFWHG LQ
3Uï
èæñ WKH FRDVWLQJ VSHHG PXVW EH
GHWHFWHG DIWHU WKH 0&ê KDV WXUQHG RQ WR FRQQHFW WKH PRWRU WR WKH LQYHUWHUï +HQFHñ WKLV WLPH PXVW EH VHW D OLWWOH ORQJHU WKDQ WKH
WXUQðRQ WLPH RI WKH 0&ê VR WKDW WKH VSHHG PD\ EH GHWHFWHG DIWHU WKH LQYHUWHU RSHUDWLRQ 0& KDV WXUQHG RQï ,I WKH WLPH VHWWLQJ LV
VKRUWHU WKDQ WKH 0&ê WXUQðRQ WLPHñ WKH FRDVWLQJ WLPH FDQQRW EH GHWHFWHG SURSHUO\ DQG DQ DODUP PD\ WDNH SODFHï
:KHQ WKH IXQFWLRQ RI DXWRPDWLF UHVWDUW DIWHU LQVWDQWDQHRXV SRZHU IDLOXUH LV QRW VHOHFWHGñ WKH LQYHUWHU VWDUWV DW WKH VWDUWLQJ IUHTXHQF\
DIWHU WKH WLPH VHW LQ
3Uï
ìêæ KDV HODSVHGï
õèô ,QVWUXFWLRQV
ìô 0DLQ FLUFXLWï
1RWH WKH SKDVH URWDWLRQ RI WKH SRZHU VXSSO\ï
,I WKH SKDVH URWDWLRQ RI WKH SRZHU VXSSO\ LV
GLIIHUHQWñ WKH PRWRU ZLOO URWDWH LQ WKH RSSRVLWH
GLUHFWLRQ ZKHQ LQYHUWHU RSHUDWLRQ LV VZLWFKHG WR
FRPPHUFLDO SRZHU VXSSO\ RSHUDWLRQ DQG YLFH
YHUVDï +HQFHñ PDFKLQH RU PRWRU VKDIW GDPDJHñ
LQYHUWHU RYHUFXUUHQW DODUP RU RWKHU IDXOW PD\
WDNH SODFHï
ëô &RQWURO FLUFXLWï
$OZD\V FRQQHFW WKH FRQWURO SRZHU VXSSO\
õWHUPLQDOV 5ìñ 6ì õ/
ìì
ñ /
ëì
ôô EHIRUH WKH LQSXW
VLGH 0&ìï ,I WKH FRQWURO SRZHU VXSSO\ LV
FRQQHFWHG DIWHU WKH LQSXW VLGH 0&ìñ WKH
FRPPHUFLDO SRZHU VXSSO\ðLQYHUWHU VZLWFKðRYHU
VHTXHQFH IXQFWLRQ LV QRW DFWLYDWHGï 7KHUHIRUHñ
WKH LQSXW VLGH 0&ì FDQQRW WXUQ RQ DQG LQYHUWHU
RSHUDWLRQ FDQQRW EH SHUIRUPHGï
êô ,QYHUWHU DODUPï
)RU (ï&38 DPRQJ WKH LQYHUWHU DODUPVñ WKH
FRPPHUFLDO SRZHU VXSSO\ðLQYHUWHU VZLWFKðRYHU
VHTXHQFH IXQFWLRQñ ZKLFK SURYLGHV FRPPHUFLDO
SRZHU VXSSO\ EDFNXS DW DODUP RFFXUUHQFHñ IRU
H[DPSOHñ LV QRW DFWLYDWHGï
éô ,QVWDOODWLRQ RI H[WHUQDO WKHUPDO UHOD\ï
:KHQ XVLQJ DQ H[WHUQDO WKHUPDO UHOD\ñ FRQQHFW
LW LQ WKH FRPPHUFLDO SRZHU VXSSO\ RSHUDWLRQ
VLGH DQG GR QRW FRQQHFW LW LQ WKH LQYHUWHU RXWSXW
VLGHï
:KHQ FRQQHFWHG LQ WKH RXWSXW VLGH RI WKH éíí9
FODVVñ VPDOOðFDSDFLW\ LQYHUWHU IRU ORZ DFRXVWLF
QRLVH RSHUDWLRQñ WKH H[WHUQDO WKHUPDO UHOD\ PD\
RSHUDWH XQQHFHVVDULO\ï
èô 3DUDPHWHU VHWWLQJï
6LQFH DOO FOHDU RSHUDWLRQ UHWXUQV
3Uï
ìêè WR WKH
IDFWRU\ VHWWLQJñ WKH FRPPHUFLDO SRZHU VXSSO\ð
LQYHUWHU VZLWFKðRYHU VHTXHQFH IXQFWLRQ ZLOO QRW
EH DFWLYDWHGï
%HIRUH VWDUWLQJ RSHUDWLRQñ DOZD\V VHW WKH
UHODWHG SDUDPHWHUVï