3UREOqPH
&DXVHVSRVVLEOHV
4XHIDLUH
/HFOLPDWLVHXUQHVH
/HFOLPDWLVHXU
$VVXUH]YRXVTXHODILFKHGXFOLPDWLVHXUVRLWELHQEUDQFKpH
PHWSDVHQPDUFKH
HVWGpEUDQFKp
GDQVODSULVHPXUDOH
/HIXVLEOHDVDXWp
9pULILH]ODERvWHjIXVLEOHjGLVMRQFWHXUVHWUHPSODFH]OHIXVLEOH
OHGLVMRQFWHXUHVWRXYHUW
RXUHEUDQFKH]OHGLVMRQFWHXU
,O\DXQHSDQQHGHFRXUDQW
6·LOVHSURGXLWXQHSDQQHGHFRXUDQWGpEUDQFKH]OHFOLPDWLVHXU
HQOHPHWWDQWHQSRVLWLRQ2))DUUrW4XDQGOHFRXUDQWUHYLHQW
DWWHQGH]PLQXWHVDYDQWGHUHPHWWUHHQPDUFKHOHFOLPDWLVHXU
SRXUpYLWHUGHGpFOHQFKHUODVXUFKDUJHGXFRPSUHVVHXU
/HPpFDQLVPHG·LQWHUUXSWLRQ
$SSX\H]VXUOHERXWRQ5(6(7UHPLVHHQPDUFKHVLWXpVXUODILFKH
GHFRXUDQWHVWGpFODQFKp
GXFRUGRQpOHFWULTXH
6LOHERXWRQ5(6(7QHUHVWHSDVHQIRQFpDUUrWH]OHFOLPDWLVHXU
G·DLUHWDSSHOH]XQWHFKQLFLHQTXDOLILp
/HFOLPDWLVHXU
/DJODFHEORTXHODFLUFXODWLRQ
5pJOH]OHVFRPPD,*+)$1YLWHVVHGXYHQWLODWHXUpOHYpH
JqOH
G·DLUHWHPSrFKHOHFOLPDWLVHXU
RX+LJK&RROIRUWUHIURLGLVVHPHQWHWUpJOH]OHWKHUPRVWDWVXUXQH
GHUHIURLGLUODFKDPEUH
WHPSpUDWXUHSOXVpOHYpH
/HFOLPDWLVHXUQHUHIURLGLW
/DFLUFXODWLRQG·DLUHVWEORTXpH
$VVXUH]YRXVTX·LOQ·\DSDVGHULGHDXGHVWRUHRXGHPHXEOH
SDVDXWDQWTX·LOOHGHYUDLW
TXLEORTXHOHGHYDQWGXFOLPDWLVHXU
/HFRQWU{OHGHWHPSpUDWXUH
(QPRGH&22/IUDLV
DSSX\H]VXUODWRXFKH'(&5($6(
SDG
Q·HVWSDVELHQUpJOp
6XUOHVPRGqOHVGRWpVGHERXWRQVGHFRPPDQGHVWRXUQH]
OHERXWRQGHWHPSpUDWXUHVXUXQHYDOHXUSOXVpOHYpH
/HILOWUHjDLUHVWVDOH
1HWWR\H]OHILOWUHDXPRLQVWRXVOHVMRXUV&RQVXOWHUODVHFWLRQ
,QVWUXFWLRQVGHIRQFWLRQQHPHQW
/DFKDPEUHpWDLWFKDXGH
$SUqVDYRLUPLVHQPDUFKHOHFOLPDWLVHXUDWWHQGH]TXH
ODFKDPEUHVHUHIURLGLVVH
/·DLUIURLGV·pFKDSSH
9pULILH]OHVJULOOHVjUHJLVWUHGHSODQFKHUHWOHVUHSULVHVG·DLUIURLG
GHODFKDPEUH
/HVVHUSHQWLQVVRQWJHOpV
&RQVXOWH]´/HFOLPDWLVHXUG·DLUJqOHµFLGHVVRXV
/HFOLPDWLVHXUQHFKDXIIH
/DFLUFXODWLRQG·DLU
$VVXUH]YRXVTXHGHVULGHDX[GHVVWRUHVRXGHVPHXEOHV
SDVDXWDQWTX·LOOHGHYUDLW
HVWUHVWUHLQWH
QHEORTXHQWSDVOHGHYDQWGXFOLPDWLVHXU
/DFRPPDQGHGHODWHPSpUDWXUH
7RXUQH]OHERXWRQDXVVLORLQTXHSRVVLEOHGDQVOHVHQVLQYHUVH
Q·HVWSHXWrWUHSDVUpJOpH
GHVDLJXLOOHVG·XQHPRQWUH/HVUpJODJHVOHVSOXVEDVGRQQHQW
DVVH]EDV
OHFKDXIIDJHPD[LPXP
/HILOWUHjDLUHVWVDOH
1HWWR\H]OHILOWUHDXPRLQVWRXVOHVMRXUV&RQVXOWH]ODVHFWLRQ
,QVWUXFWLRQVG·8WLOLVDWLRQ
/DWHPSpUDWXUHGDQVODSLqFH
$SUqVDYRLUPLVOHFOLPDWLVHXUHQPDUFKHDWWHQGH]TXH
pWDLWSHXWrWUHEDVVH
ODWHPSpUDWXUHGDQVODSLqFHVHUpFKDXIIH
/·DLUFKDXGV·pFKDSSH
9pULILH]OHVJULOOHVjUHJLVWUHDXVROGXIRXUHWOHVUHWRXUVG·DLUIURLG
'HO·HDXFRXOHjO·H[WpULHXU
,OIDLWWUqVFKDXGHWKXPLGH
&·HVWQRUPDO
'HO·HDXFRXOHjO·LQWpULHXU
/HFOLPDWLVHXUQ·HVWSDV
3RXUREWHQLUXQHERQQHpYDFXDWLRQGHO·HDXDVVXUH]YRXV
LQFOLQpYHUVO·H[WpULHXU
TXHOHFOLPDWLVHXUVRLWOpJqUHPHQWLQFOLQpGHO·DYDQW
GXERvWLHUYHUVO·DUULqUH
/·HDXV·DPDVVHGDQV
/·KXPLGLWpHVWH[WUDLWHGH
&·HVWQRUPDOSHQGDQWXQHSpULRGHFRXUWHGDQVGHVUpJLRQV
OHSODWHDXGXIRQG
O·DLUGHODFKDPEUHHWSDVVH
SHXKXPLGHVQRUPDOSHQGDQWGHVSpULRGHVSOXVORQJXHV
GDQVOHSODWHDXGXIRQG
GDQVGHVUpJLRQVWUqVKXPLGHV
$YDQWG·DSSHOHUOHVHUYLFH
ZZZHOHFWURPHQDJHUVJHFD