7HFKQLFDO,QIRUPDWLRQ
6HUYLFH0DQXDO
ć
7RXWGRRUDPELHQW
˘
ć
7RXWGRRUWXEH
ć
ć
7RXWGRRUDPELHQW
˘
ć
7RXWGRRUWXEH7RXWGRRUDPELHQW
ć
7
⦃
ćˈ
7
ㅵ
7
㸹
˄
7
⦃
ć˅DŽ
.,QWKDWFDVHLQGRRUIDQDQGFRPSUHVVRUVWRSRSHUDWLRQLQVODWHURXWGRRUIDQVWRSRSHUDWLRQDQGLQDQRWKHUVODWHUZD\
YDOYHVWRSRSHUDWLRQLQVODWHUFRPSUHVVRULQFUHDVHVLWVIUHTXHQF\IRUGHIURVWLQJ:KHQFRPSUHVVRURSHUDWHVIRUGHIURVWLQJIRU
PLQRU7%RXWGRRUSLSH%
ć
WKHWDUJHWIUHTXHQF\ZLOO]DQGLQVODWHUFRPSUHVVRUZLOOVWRSRSHUDWLRQDQGLQ
DQRWKHUVZD\YDOYHZLOOVWDUWRSHUDWLRQLQVODWHUFRPSUHVVRUDQGRXWGRRUIDQZLOORSHUDWHZKLOHLQGRRUIDQRSHUDWHVDWFROGDLU
SUHYHQWLRQRSHUDWLRQ'5<LQGLFDWRUZLOOEHGLVSOD\HGRQGLVSOD\SDQHODQGWKHGHIURVWLQJIUHTXHQF\LV+]
.,QWKDWFDVHLQGRRUIDQDQGFRPSUHVVRUVWRSRSHUDWLRQLQVODWHURXWGRRUIDQVWRSRSHUDWLRQDQGLQDQRWKHUVODWHUZD\
YDOYHVWRSRSHUDWLRQLQVODWHUFRPSUHVVRULQFUHDVHVLWVIUHTXHQF\IRUGHIURVWLQJ:KHQFRPSUHVVRURSHUDWHVIRUGHIURVWLQJIRU
PLQRU7%RXWGRRUSLSH%
ć
WKHFRPSUHVVRUZLOOGHFUHDVHVLWVIUHTXHQF\DQGLQVODWHUFRPSUHVVRUZLOOVWRSRSHUDWLRQDQG
LQDQRWKHUVZD\YDOYHZLOOVWDUWRSHUDWLRQLQVODWHUFRPSUHVVRUDQGRXWGRRUIDQZLOORSHUDWH7KHGHIURVWLQJIUHTXHQF\LV+]
Ĺ
3URWHFWLRQ
ƹ
&ROGDLUSUHYHQWLRQ
,QKHDWLQJPRGHFRPSUHVVRURSHUDWHVRUHQWHUVGHIURVWLQJPRGHDQGKRUL]RQWDOORXYHUZLOOWXUQWR3SRVLWLRQRIKHDWLQJXSSHU:KHQ
WKHKRUL]RQWDOORXYHULVQRWDWVZLQJVWDWXVLI7SLSH
˚
ć
KRUL]RQWDOORXYHUZLOOURWDWHWKHGHIDXOWGHJUHHRUWKHSUHYLRXVSRVLWLRQ
6XFKRSHUDWLRQZLOOEHRQO\H[HFXWHGRQFH,I7SLSH
ć
DQGFROGDLUSUHYHQWLRQRSHUDWLRQ¿QLVKHVKRUL]RQWDOORXYHUZLOOURWDWHWR
3SRVLWLRQRIKHDWLQJDQGVWRSDWWKHSRVLWLRQXQWLO7SLSH
ć
7KHQKRUL]RQWDOORXYHUZLOOURWDWHWKHGHIDXOWGHJUHHRUWKHSUHYLRXV
SRVLWLRQ6XFKRSHUDWLRQZLOOEHRQO\H[HFXWHGRQFH,QRWKHUFRQGLWLRQVZKHQFROGDLUSUHYHQWLRQRSHUDWLRQTXLWKRUL]RQWDOORXYHU
ZLOOUHWXUQWRSUHYLRXVVWDWXV:LWKLQPLQZKHQ7SLSH7LQGRRUDPE
ć
LQGRRUIDQZLOOQRWRSHUDWH$IWHUPLQRUZKHQ7SLSH
˚
7LQGRRUDPE
ć
VXFKFRQGLWLRQZLOOQRWEHGHWHFWHGWRDYRLGIUHTXHQWVWDUWXSDQGWXUQLQJRIIRIWKHIDQ$QGDOVRWKHXQLWZLOO
RSHUDWHDWWKHIROORZLQJPRGH
ķ
:KHQ7LQGRRUDPE
˘
ć
:LWKLQPLQLI7SLSH
İ
ć
LQGRRUIDQZLOOQRWRSHUDWHDIWHUPLQLI7SLSH
˚
ć
LQGRRUIDQZLOORSHUDWHDWORZVSHHGIRUPLQRU
PLQWKHFROGDLUSUHYHQWLRQZLOOTXLWDQGWKHXQLWZLOORSHUDWHDWKHDWLQJFRQWUROPRGHRILQGRRUIDQ:LWKLQPLQRIFROGDLUSUHYHQWLRQ
LI7SLSH
˚
ć
FROGDLUSUHYHQWLRQZLOOTXLWLPPHGLDWHO\DQGWKHXQLWZLOORSHUDWHDWKHDWLQJFRQWUROPRGHRILQGRRUIDQ
ĸ
:KHQ7LQGRRUDPE
ı
ć
LI7SLSH
İ
ć
LQGRRUIDQZLOOQRWRSHUDWHLI7SLSH
˚
ć
RULQPLQODWHUFROGDLUSUHYHQWLRQZLOO
TXLWDQGWKHXQLWZLOORSHUDWHDWKHDWLQJFRQWUROPRGHRIKHDWLQJ
:KHQWKHXQLWVWRSRSHUDWLRQGXHWRSURWHFWLRQRUUHDFKLQJVHWWHPSHUDWXUHWKHKRUL]RQWDOORXYHUZLOOVWRSDWWKHSRVLWLRQZKHQLQGRRU
XQLWVWRSV1RWHWKHWH[WZLWKXQGHUOLQHGLVDSSOLFDEOHWRWKHRQHWRWZRXQLWDQGQRWDSSOLFDEOHWRRQHWRRQHXQLW7LQGRRUDPE
PHDQVWKHLQGRRUDPELHQWWHPSHUDWXUHEHIRUHVWDUWLQJFRPSUHVVRUXQGHUKHDWLQJPRGHRUWKHLQGRRUDPELHQWWHPSHUDWXUHEHIRUH
FOHDULQJGHIURVWLQJPDUNDIWHUGHIURVWLQJRSHUDWLRQTXLWV
ƹ
3URWHFWLRQZKHQWRWDOFXUUHQWLQFUHDVHVDQGIUHTXHQF\GHFUHDVHV
:KHQWRWDOFXUUHQW,
WRWDO
İ
:IUHTXHQF\LVDOORZHGWRLQFUHDVH
:KHQWRWDOFXUUHQW,
WRWDO
ı
;IUHTXHQF\LVSURKLELWHGWRLQFUHDVH
:KHQWRWDOFXUUHQW,
WRWDO
ı
<WKHFRPSUHVVRUGHFUHDVHVIUHTXHQF\
:KHQWRWDOFXUUHQW,
WRWDO
ı
=FRPSUHVVRUVWRSVRSHUDWLRQDQGLQVODWHURXWGRRUIDQVWRSVRSHUDWLRQ
: $; $< $= $
ƹ
3URWHFWLRQRIFRPSUHVVRUSRZHU
:KHQ3F
ı
ZIUHTXHQF\LVSURKLELWHGWRLQFUHDVH
:KHQ3F
ı
ZWKHFRPSUHVVRUGHFUHDVHVIUHTXHQF\
:KHQ3F
ı
ZFRPSUHVVRUVWRSVRSHUDWLRQ
:KHQ3F
İ
ZSURWHFWLRQZLOOEHUHPRYHG
)DQ0RGH
8QGHUWKHPRGHWKHLQGRRUIDQZLOOUXQDWSUHVHWVSHHGDQGWKHFRPSUHVVRUWKHRXWGRRUIDQWKHIRXUZD\YDOYHDQGWKHHOHFWULF
KHDWHUZLOOVWRS
8QGHUWKHPRGHWHPSHUDWXUHFDQEHVHWZLWKLQDUDQJHRI
ć
$8720RGH
ķ
:RUNLQJFRQGLWLRQVDQGSURFHVVRI$872PRGH
D:KHQ7DPELHQW
ć
WKHXQLWZLOORSHUDWHLQ&RROPRGH7KHVHWWHPSHUDWXUHLV
ć
E:KHQ7DPELHQW
ć
WKHKHDWSXPSXQLWZLOORSHDWPRGHVHWWHPSHUDWXUHEH
ć
WKHFRROLQJRQO\XQLWZLOORSHUDWH
LQ)DQPRGHVHWWHPSHUDWXUHEH
ć
F:KHQ
ć
7DPELHQW
ć
WKHXQLWZLOORSHUDWHLQWKHSUHYLRXVVWDWH,ILWLVHQHUJL]HGIRUWKH¿UVWWLPHLWZLOORSHUDWHLQ)DQ
PRGH
G:KHQWKHXQLWRSHUDWHVLQ$XWRPRGHWKHFRPSUHVVRUIUHTXHQF\GXULQJFRROLQJRSHUDWLRQLVWKHVDPHZLWKWKDWRIKHDWLQJPRGH
ĸ
3URWHFWLRQ
D,QFRROLQJRSHUDWLRQSURWHFWLRQLVWKHVDPHDVWKDWXQGHUWKHFRROLQJPRGH
E,QKHDWLQJRSHUDWLRQSURWHFWLRQLVWKHVDPHDVWKDWXQGHUWKHKHDWLQJPRGH
F:KHQDPELHQWWHPSHUDWXUHFKDQJHVRSHUDWLRQPRGHZLOOEHFRQYHUWHGSUHIHUHQWLDOO\2QFHVWDUWHGWKHFRPSUHVVRUZLOO
UHPDLQXQFKDQJHGIRUDWOHDVWPLQXWHV
&RPPRQ3URWHFWLRQ)XQFWLRQVDQG)DXOW'LVSOD\XQGHU&22/+($7'5<DQG$8720RGHOV
ķ
2YHUORDGSURWHFWLRQ
7WXEHPHDVXUHGWHPSHUDWXUHRIRXWGRRUKHDWH[FKDQJHUXQGHUFRROLQJPRGHDQGPHDVXUHGWHPSHUDWXUHRILQGRRUKHDWH[FKDQJHU
XQGHUKHDWLQJPRGH