7URXEOHVKRRWLQJ
12
0DOIXQFWLRQ
1DPH
'LVSOD\0HWKRGRI,QGRRU8QLW
'LVSOD\0HWKRGRI
2XWGRRU8QLW
,QGLFDWRUKDVNLQGV
RIGLVSOD\VWDWXVDQG
WKH\ZLOOEHGLVSOD\HG
FLUFXODUO\HYHU\V
$&VWDWXV
3RVVLEOH&DXVHV
'XDO
&RGH
'LVSOD\
,QGLFDWRU'LVSOD\GXULQJ
EOLQNLQJ21VDQG2))V
Ƒ2))
Ŷ,OOXPLQDWHG
ƿ
%OLQN
2SHUDWLRQ
,QGLFDWRU
&RRO
,QGLFDWRU
+HDWLQJ
,QGLFDWRU
'
'
'
'
'
'
'
'
,QGRRU
HYDSRUDWRU
WHPSHUDWXUH
VHQVRULV
RSHQVKRUW
FLUFXLWHG
)
2))6
DQG
EOLQN
WZLFH
7KHXQLWZLOOVWRSRSHUDWLRQ
DVLWUHDFKHVWKHWHPSHUDWXUH
SRLQW'XULQJFRROLQJDQGGU\LQJ
RSHUDWLRQH[FHSWLQGRRUIDQ
RSHUDWHVRWKHUORDGVVWRS
RSHUDWLRQ'XULQJKHDWLQJ
RSHUDWLRQWKHFRPSOHWHXQLW
VWRSVRSHUDWLRQ
7KHZLULQJWHUPLQDOEHWZHHQ
LQGRRUHYDSRUDWRUWHPSHUDWXUH
VHQVRUDQGFRQWUROOHULVORRVHQHG
RUSRRUO\FRQWDFWHG
7KHUHVVKRUWFLUFXLWGXHWRWKH
WULSRYHURIWKHSDUWVRQFRQWUROOHU
,QGRRUHYDSRUDWRUWHPSHUDWXUH
VHQVRULVGDPDJHG3OHDVHFKHFN
LWE\UHIHUULQJWRWKHUHVLVWDQFH
WDEOHIRUWHPSHUDWXUHVHQVRU
0DLQERDUGLVEURNHQ
2XWGRRU
DPELHQW
WHPSHUDWXUH
VHQVRULV
RSHQVKRUW
FLUFXLWHG
)
2))6
DQG
EOLQN
WLPHV
ƶ
ƶ
ƿ
Ƶ
'XULQJFRROLQJDQGGU\LQJ
RSHUDWLQJFRPSUHVVRUVWRSV
ZKLOHLQGRRUIDQRSHUDWHV
'XULQJKHDWLQJRSHUDWLRQWKH
FRPSOHWHXQLWZLOOVWRSRSHUDWLRQ
2XWGRRUWHPSHUDWXUHVHQVRU
KDVQWEHHQFRQQHFWHGZHOORU
LVGDPDJHG3OHDVHFKHFNLWE\
UHIHUULQJWRWKHUHVLVWDQFHWDEOHIRU
WHPSHUDWXUHVHQVRU
2XWGRRU
FRQGHQVHU
WHPSHUDWXUH
VHQVRULV
RSHQVKRUW
FLUFXLWHG
)
2))6
DQG
EOLQN
WLPHV
ƶ
ƶ
ƿ
ƶ
'XULQJFRROLQJDQGGU\LQJ
RSHUDWLRQFRPSUHVVRUVWRSV
ZKLOHLQGRRUIDQZLOORSHUDWH
'XULQJKHDWLQJRSHUDWLRQ
WKHFRPSOHWHXQLWZLOOVWRS
RSHUDWLRQ
2XWGRRUWHPSHUDWXUHVHQVRU
KDVQWEHHQFRQQHFWHGZHOORU
LVGDPDJHG3OHDVHFKHFNLWE\
UHIHUULQJWRWKHUHVLVWDQFHWDEOHIRU
WHPSHUDWXUHVHQVRU
2XWGRRU
GLVFKDUJH
WHPSHUDWXUH
VHQVRULV
RSHQVKRUW
FLUFXLWHG
)
2))6
DQG
EOLQN
WLPHV
ƶ
ƶ
ƿ
ƿ
'XULQJFRROLQJDQGGU\LQJ
RSHUDWLRQFRPSUHVVRUZLOOVRS
DIWHURSHUDWLQJIRUDERXWPLQV
ZKLOHLQGRRUIDQZLOORSHUDWH
'XULQJKHDWLQJRSHUDWLRQWKH
FRPSOHWHXQLWZLOOVWRSDIWHU
RSHUDWLQJIRUDERXWPLQV
2XWGRRUWHPSHUDWXUHVHQVRU
KDVQWEHHQFRQQHFWHGZHOORULV
GDPDJHG3OHDVHFKHFNLWE\
UHIHUULQJWRWKHUHVLVWDQFHWDEOHIRU
WHPSHUDWXUHVHQVRU
7KHKHDGRIWHPSHUDWXUHVHQVRU
KDVQWEHHQLQVHUWHGLQWRWKH
FRSSHUWXEH
/LPLW
GHFUHDVH
IUHTXHQF\
GXHWR
RYHUORDG
)
2))6
DQG
EOLQN
IRU
WLPHV
Ƶ
ƶ
ƿ
ƿ
$OOORDGVRSHUDWHQRUPDOO\ZKLOH
RSHUDWLRQIUHTXHQF\IRU
FRPSUHVVRULVGHFUHDVHG
5HIHUWRWKHPDOIXQFWLRQDQDO\VLV
RYHUORDGKLJKWHPSHUDWXUH
UHVLVWDQW
'HFUHDVH
IUHTXHQF\
GXHWR
RYHUFXUUHQW
)
2))6
DQG
EOLQN
WLPHV
Ƶ
Ƶ
ƶ
Ƶ
$OOORDGVRSHUDWHQRUPDOO\ZKLOH
RSHUDWLRQIUHTXHQF\IRU
FRPSUHVVRULVGHFUHDVHG
7KH LQSXW VXSSO\ YROWDJH LV WRR
ORZ
6\VWHP SUHVVXUH LV WRR KLJK DQG
RYHUORDG
'HFUHDVH
IUHTXHQF\
GXHWR
KLJKDLU
GLVFKDUJH
)
2))6
DQG
EOLQN
WLPHV
Ƶ
Ƶ
ƶ
ƶ
$OOORDGVRSHUDWHQRUPDOO\ZKLOH
RSHUDWLRQIUHTXHQF\IRU
FRPSUHVVRULVGHFUHDVHG
2YHUORDG RU WHPSHUDWXUH LV WRR
KLJK
5HIULJHUDQWLVLQVXI¿FLHQW
0DOIXQFWLRQ RI HOHFWULF H[SDQVLRQ
YDOYH(.9
9ROWDJHIRU
'&EXVEDU
LVWRRKLJK
3+
2))6
DQG
EOLQN
WLPHV
ƶ
Ƶ
ƶ
ƿ
'XULQJFRROLQJDQGGU\LQJ
RSHUDWLRQFRPSUHVVRUZLOOVWRS
ZKLOHLQGRRUIDQZLOORSHUDWH
'XULQJKHDWLQJRSHUDWLRQWKH
FRPSOHWHXQLWZLOOVWRS
RSHUDWLRQ
0HDVXUHWKHYROWDJHRISRVLWLRQ
/ DQG 1 RQ ZLULQJ ERDUG ;7 LI
WKHYROWDJHLVKLJKHUWKDQ9$&
WXUQ RQ WKH XQLW DIWHU WKH VXSSO\
YROWDJHLVLQFUHDVHGWRWKHQRUPDO
UDQJH
, I W K H $ & L Q S X W L V Q R U P D O
PHDVXUHWKHYROWDJHRIHOHFWURO\WLF
FDSDFLWRU&RQFRQWUROSDQHO$3
LI LWV QRUPDO WKHUHV PDOIXQFWLRQ
IRU WKH FLUFXLW SOHDVH UHSODFH WKH
FRQWUROSDQHO$3
0DOIXQFWLRQ
RIFRPSOHWH
XQLWVFXUUHQW
GHWHFWLRQ
8
2))6
DQG
EOLQN
WLPHV
ƶ
Ƶ
ƿ
Ƶ
'XULQJFRROLQJDQGGU\LQJ
RSHUDWLRQWKHFRPSUHVVRUZLOO
VWRSZKLOHLQGRRUIDQZLOORSHUDWH
'XULQJKHDWLQJRSHUDWLQJ
WKHFRPSOHWHXQLWZLOOVWRS
RSHUDWLRQ
7KHUHV FLUFXLW PDOIXQFWLRQ RQ
RXWGRRU XQLWV FRQWURO SDQHO$3
SOHDVH UHSODFH WKH RXWGRRU XQLWV
FRQWUROSDQHO$3
2YHUFXUUHQW
SURWHFWLRQRI
SKDVH
FXUUHQWIRU
FRPSUHVVRU
3
2))6
DQG
EOLQN
WLPHV
ƶ
ƿ
ƶ
ƶ
'XULQJFRROLQJDQGGU\LQJ
RSHUDWLRQFRPSUHVVRUZLOOVWRS
ZKLOHLQGRRUIDQZLOORSHUDWH
'XULQJKHDWLQJRSHUDWLRQWKH
FRPSOHWHXQLWZLOOVWRS
RSHUDWLRQ
5HIHUWRWKHPDOIXQFWLRQ
DQDO\VLV,30SURWHFWLRQORVV
RIV\QFKURQLVPSURWHFWLRQDQG
RYHUFXUUHQWSURWHFWLRQRISKDVH
FXUUHQWIRUFRPSUHVVRU