&yPRFRQILJXUDUHOFDOHQWDPLHQWRHQHOKRUQR
/DIXQFLyQGHFDOHQWDPLHQWRPDQWLHQHORVDOLPHQWRV
FRFLGRVFDOLHQWHVKDVWDXQPi[LPRGHKRUDVOXHJR
GHTXHKD\DILQDOL]DGRXQDIXQFLyQFURQRPHWUDGD
2ELHQHOFDOHQWDPLHQWRSXHGHDFWLYDUVHSDUD
PDQWHQHUWLELRVORVDOLPHQWRVFRFLGRVFDOLHQWHV(VWD
IXQFLyQQRHVWiGLVHxDGDSDUDUHFDOHQWDUDOLPHQWRV
IUtRV
3DUDXWLOL]DUHVWDIXQFLyQSUHVLRQHHOERWyQ
:DUP
XQDYH]\OXHJRHOERWyQ
6WDUW
3DUDDFWLYDUHVWDIXQFLyQDILQGHXVDUODOXHJR
GHODVDGRXKRUQHDGRFURQRPHWUDGRSUHVLRQH
HOERWyQ
:DUP
PLHQWUDVSURJUDPDHOKRUQR\DQWHV
GHSUHVLRQDU
6WDUW
3DUDFRFLQDUHOHPHQWRVTXHQRVRQIUHVFRVKDVWD
TXHHVWpQFURFDQWHV
■
&RORTXHORVDOLPHQWRVHQIXHQWHVREDQGHMDV
GHODGRVEDMRV
■
3DUDREWHQHUPHMRUHVUHVXOWDGRVFRORTXHORV
DOLPHQWRVHQXQD~QLFDFDSD1RORVDSLOH
■
1RORVFXEUD
■
9HULILTXHVLHVWiQFURFDQWHVOXHJRGHD
PLQXWRV$JUHJXHHOWLHPSRTXHVHDQHFHVDULR
127$6,03257$17(6
■
/RVDOLPHQWRVGHEHQPDQWHQHUVHFDOLHQWHV
HQVXUHFLSLHQWHGHFRFFLyQRGHEHQWUDQVIHULUVH
DXQDIXHQWHUHVLVWHQWHDOFDORU
■
&RQUHVSHFWRDORVDOLPHQWRVK~PHGRVF~EUDORV
FRQXQDWDSDVHJXUDSDUDKRUQRRFRQSDSHOGH
DOXPLQLR
■
/RVDOLPHQWRVIULWRVRFURFDQWHVQRGHEHQFXEULUVH
SHURSXHGHQVHFDUVHHQH[FHVRVLVHORVFDOLHQWD
GHPDVLDGR
■
$ODEULUODSXHUWDUHSHWLGDPHQWHHODLUHFDOLHQWH
VHHVFDSD\ORVDOLPHQWRVVHHQIUtDQ
■
'HMHTXHODWHPSHUDWXUDGHQWURGHOKRUQR
VHHVWDELOLFHGXUDQWHXQWLHPSRDGLFLRQDOGHVSXpV
GHDJUHJDUDOLPHQWRV
■
&RQFDUJDVJUDQGHVSXHGHVHUQHFHVDULRFXEULU
SDUWHGHORVDOLPHQWRVFRFLQDGRV
■
5HWLUHODVFXFKDUDVSDUDVHUYLUHWFDQWHVGH
FRORFDUORVUHFLSLHQWHVHQHOKRUQR
■
1RXWLOLFHUHFLSLHQWHVWDSDVRSHOtFXODVDGKHUHQWHV
SOiVWLFDV
35(&$8&,Ï1
/RVUHFLSLHQWHVODV
WDSDVRODVSHOtFXODVDGKHUHQWHVSOiVWLFDV
VHGHUUHWLUiQVLVHFRORFDQHQHOKRUQR(VSRVLEOHTXH
HOSOiVWLFRGHUUHWLGRQRSXHGDTXLWDUVH\pVWHQRHVWi
FXELHUWRSRUVXJDUDQWtD
8VRGHODVIXQFLRQHVGHOHXGDGR\FDOHQWDPLHQWR
*($SSOLDQFHVFRP
/DIXQFLyQGHOHXGDGRPDQWLHQHXQDPELHQWHWLELR~WLOSDUDOHYDUORVSURGXFWRVFRQOHYDGXUD
'LVSRQLEOHHQHOKRUQRVXSHULRU~QLFDPHQWH
&yPRFRQILJXUDUHOOHXGDGRHQHOKRUQR
&RORTXHODPDVDFXELHUWDHQHOKRUQR
HQODSDUULOOD%R&
127$
3DUDREWHQHUPHMRUHVUHVXOWDGRVFXEUD
ODPDVDFRQXQSDxRRFRQSHOtFXODDGKHUHQWH
HQJUDVDGDHOSOiVWLFRGHEHUiDVHJXUDUVHGHEDMR
GHOUHFLSLHQWHSDUDTXHHOYHQWLODGRUGHODHVWXID
QRORTXLWH
3UHVLRQHHOERWyQ
3URRI
OHXGDU\HOERWyQ
6WDUW
LQLFLDU
(QODSDQWDOODDSDUHFHUi3U)SURRI>OHXGDU@
/DOX]GHOLQWHULRUGHOKRUQRVHHQFHQGHUi\
SHUPDQHFHUiHQFHQGLGDGXUDQWHHOOHXGDGR
/DIXQFLyQGHOHXGDGRSURSRUFLRQD
DXWRPiWLFDPHQWHODWHPSHUDWXUDySWLPDSDUD
HOSURFHVRGHOHXGDGR\SRUORWDQWRQRSRVHH
XQDMXVWHGHWHPSHUDWXUD
&RQILJXUHHOWHPSRUL]DGRUGHFRFLQD
.LWFKHQ
7LPHU
HQHOWLHPSRGHOHXGDGRPtQLPR
&XDQGRKD\DILQDOL]DGRHOOHXGDGRSUHVLRQHHO
ERWyQ
&OHDU2II
■
3DUDHYLWDUUHGXFLUODWHPSHUDWXUDGHOKRUQR\
H[WHQGHUHOWLHPSRGHOHXGDGRQRDEUDODSXHUWD
GHOKRUQRVLQQHFHVLGDG
■
&RQWUROHORVSURGXFWRVGHSDQFRQDQWLFLSDFLyQ
SDUDHYLWDUTXHOHXGHQGHPDVLDGR
127$
■
1RXWLOLFHHOPRGRGHOHXGDGRSDUDFDOHQWDU
DOLPHQWRVRPDQWHQHUORVFDOLHQWHV/DWHPSHUDWXUD
GHOHXGDGRGHOKRUQRQRHVORVXILFLHQWHPHQWHDOWD
FRPRSDUDPDQWHQHUORVDOLPHQWRVDWHPSHUDWXUDV
VHJXUDV8WLOLFHODIXQFLyQ
:DUP
&DOHQWDUSDUD
PDQWHQHUORVDOLPHQWRVFDOLHQWHV
■
/DIXQFLyQGHOHXGDGRQRIXQFLRQDUiFXDQGR
HOKRUQRHVWpDPiVGH)(QODSDQWDOOD
DSD27µ&DOLHQWH
