32578*8Ç6
'(),1,d®(6
3DUDOLJDUHXWLOL]DURGLVSRVLWLYRGHiXGLR/*
6(77,1*6
Ö
È8',2
Ö
6DtGDGH6RP
Ö
6LQFURQL]DomRGH6RP/*ÏWLFD
>'HSHQGHQGRGRPRGHOR@
/LJDURGLVSRVLWLYRGHiXGLR/*FRPRORJyWLSR
j
SRUWDGHVDtGDySWLFDGHiXGLRGLJLWDO
2GLVSRVLWLYRGHiXGLR/*SHUPLWHOKHGHVIUXWDUIDFLOPHQWH
GHXPVRPULFRHSRGHURVR
3DUDXWLOL]DU$XVFXOWDGRUHV
6(77,1*6
Ö
È8',2
Ö
6DtGDGH6RP
Ö
$XVFXOWDGRUHV
>'HSHQGHQGRGRPRGHOR@
2VRPpHPLWLGRDWUDYpVGRVDXVFXOWDGRUHVOLJDGRVj
HQWUDGDGHDXULFXODUDXVFXOWDGRUHV
3DUDVLQFURQL]DUiXGLRHYtGHR
6(77,1*6
Ö
È8',2
Ö
$MXVWH6LQFU$9
6LQFURQL]DGLUHFWDPHQWHYtGHRHiXGLRTXDQGRQmRWrP
FRUUHVSRQGrQFLD
y
$MXVWH6LQFU$9
SDUD
/LJDGR
SRGHDMXVWDUD
VDtGDGRVRPFROXQDVD79RX63',)SDUDD
LPDJHPGRHFUm
3DUDXWLOL]DUR6,03/,1.
>'HSHQGHQGRGRPRGHOR@
26,03/,1.pXPDIXQFLRQDOLGDGHTXHSHUPLWHFRQWURODU
HJHULUYiULRVGLVSRVLWLYRVPXOWLPpGLDGHIRUPDSUiWLFD
XWLOL]DQGRRPHQX6,03/,1.
/LJXHRWHUPLQDO
+'0,,1
GD79HRWHUPLQDOGH
VDtGD+'0,GRGLVSRVLWLYRFRP6,03/,1.XWLOL]DQGR
'0,
y
>'HSHQGHQGRGRPRGHOR@
3DUDXRPH&LQHPDFRPDIXQomR6,03/,1.
OLJXHRVWH'0,FRPRDFLPDGHVFULWRHXWLOL]HXP
FDERySWLFRSDUDOLJDUD6DtGDGLJLWDOiXGLRySWLFDGD79
j(QWUDGDGLJLWDOiXGLRySWLFDGRGLVSRVLWLYR6,03/,1.
6HOHFFLRQH
,1387237,21
Ö
6LPS/LQN
e
DSUHVHQWDGDDMDQHODGRPHQX6,03/,1.
1DMDQHOD'H¿QLomRGR6,03/,1.DIXQomR
6,03/,1.pGH¿QLGDSDUD
/LJDGR
1DMDQHODGRPHQX6,03/,1.pVHOHFFLRQDGRR
GLVSRVLWLYRTXHSUHWHQGHFRQWURODU
y
(VWDIXQomRVypFRPSDWtYHOFRPGLVSRVLWLYRVFRPR
ORJyWLSR6,03/,1.9HUL¿TXHVHRGLVSRVLWLYRH[WHUQR
WHPRORJyWLSR6,03/,1.
y
3DUDXWLOL]DUDIXQomR6,03/,1.pQHFHVViULRXWLOL]DU
'0,
GHDOWDYHORFLGDGHFRPDIXQomR
&(&&RQVXPHU(OHFWURQLFV&RQWURO2VFDERV
+'0,
GHDOWDYHORFLGDGHWrPRSLQRQOLJDGR
SDUDDWURFDGHLQIRUPDo}HVHQWUHGLVSRVLWLYRV
y
6HPXGDUSDUDRXWUDHQWUDGDRGLVSRVLWLYR6,03/,1.
SiUD
y
6HWDPEpPIRUXWLOL]DGRXPGLVSRVLWLYRGHWHUFHLURV
FRP'0,&(&RGLVSRVLWLYR6,03/,1.
SRGHQmRIXQFLRQDUQRUPDOPHQWH
y
>'HSHQGHQGRGRPRGHOR@
6HVHOHFFLRQDURXUHSURGX]LUPXOWLPpGLDDSDUWLU
GHXPGLVSRVLWLYRFRPRPH&LQHPDDV
&&&ROXQDV
VmROLJDGDVDXWRPDWLFDPHQWH
&HUWL¿TXHVHGHTXHHVWDEHOHFHDOLJDomRFRPXP
FDERySWLFRYHQGLGRHPVHSDUDGRSDUDXWLOL]DUD
IXQomR
&&&ROXQDV
'HVFULomRGDIXQomR6,03/,1.
y
5HSURGXomR'LUHFWD
5HSURGX]LPHGLDWDPHQWHR
GLVSRVLWLYRPXOWLPpGLDQD79
y
6HOHFFLRQDUGLVSRVLWLYRPXOWLPpGLD
6HOHFFLRQD
RGLVSRVLWLYRSUHWHQGLGRDWUDYpVGRPHQX
6,03/,1.SDUDRFRQWURODULPHGLDWDPHQWHDSDUWLU
GRHFUmGD79
y
/HLWRUGHGLVFRV
*HUHRGLVSRVLWLYRPXOWLPpGLD
FRPRFRQWURORUHPRWRGD79
y
'HVOLJDUWRGRVRVGLVSRVLWLYRV
4XDQGRGHVOLJD
RWHOHYLVRUWRGRVRVGLVSRVLWLYRVOLJDGRVVmR
GHVOLJDGRV
y
6LQFU/LJDUDDOLPHQWDomR
4XDQGRR
HTXLSDPHQWRFRPDIXQomR6,03/,1.OLJDGDDR
W'0,FRPHoDDIXQFLRQDURWHOHYLVRUOLJD
VHDXWRPDWLFDPHQWH
y
&ROXQDV
>'HSHQGHQGRGRPRGHOR@
6HOHFFLRQHFROXQDVQDRPH&LQHPDRX
QD79
3DUDGHILQLUXPDSDODYUDSDVVH
6(77,1*6
Ö
%/248($5
Ö
'HI3DODYUDSDVVH
'HILQHRXDOWHUDDSDODYUDSDVVHGRWHOHYLVRU
$SDODYUDSDVVHLQLFLDOpµ¶
6H)UDQoDHVWLYHUVHOHFLRQDGRFRPR3DtVDSDODYUD
SDVVHQmRpµ¶PDVµ¶
6H)UDQoDHVWLYHUVHOHFLRQDGRFRPR3DtVQmRpSRVVt
YHOXVDUµ¶FRPRSDODYUDSDVVH
3DUDHVSHFLILFDUD5HSRVLomRIiEULFD
6(77,1*6
Ö
23d2
Ö
5HSRVLomRIiEULFD
7RGDVDVLQIRUPDo}HVDUPD]HQDGDVVmRDSDJDGDVH
DVGHILQLo}HVGD79VmRUHSRVWDV
$79GHVOLJDVHVR]LQKDHYROWDDOLJDUVHHWRGDVDV
GHILQLo}HVVmRUHSRVWDV
y
4XDQGRR
6LVWGHEORTXHLR
IRUDFWLYDGRLUiDSDUHFHU
XPDMDQHODSRSXSDVROLFLWDUDSDODYUDSDVVH
y
1mRGHVOLJXHDFRUUHQWHGXUDQWHDLQLFLDOL]DomR