)UDQoDLV
0RGH(&2
'DQVFHPRGHO¶XQLWpGHFRPPDQGHIDLWIRQFWLRQQHUOHUpIULJpUDWHXUHWOHFRQJpODWHXUGH
PDQLqUHpFRQRPLTXH
3RXUDFWLYHUOHPRGH(FRDSSX\H]VXUODWRXFKH
-
/HYR\DQWGHODWRXFKH
-
V¶DOOXPH
/RUVTXHFHPRGHHVWDFWLYpO¶DSSDUHLOIRQFWLRQQHGHIDoRQRSWLPDOH
5HPDUTXHV
'DQVFHPRGH
,OQ¶HVWSDVSRVVLEOHG¶DMXVWHUODWHPSpUDWXUHGXUpIULJpUDWHXUHWGXFRQJpODWHXU/HPRGH(&2
HVWGpVDFWLYpHWODWHPSpUDWXUHVpOHFWLRQQpHHVWUpJOpH
9RXVSRXYH]VpOHFWLRQQHUOHPRGH6XSHU&RROOHPRGH6XSHU)UHH]HRXOHPRGH)ODVK)UHH]H
6LYRXVVpOHFWLRQQH]O¶XQGHFHVPRGHVOHPRGH(&2HVWDQQXOpHWOHPRGHVpOHFWLRQQpHVWDFWLYp
9RXVSRXYH]VpOHFWLRQQHROLGD\
'DQVFHFDVOHPRGH(&2HVWDQQXOpHROLGD\HVWDFWLYp
,
*
-
.
+
0RGH+ROLGD\
6pOHFWLRQQH]FHPRGHORUVTXHYRXVSUpYR\H]GHQHSDVXWLOLVHUOHUpIULJpUDWHXUSHQGDQWXQH
ORQJXHSpULRGHQRWDPPHQWORUVTXHYRXVSUHQH]GHVYDFDQFHVSURORQJpHV
'DQVFHPRGHODWHPSpUDWXUHGXUpIULJpUDWHXUHVWDXWRPDWLTXHPHQWUpJOpHVXU&/D
WHPSpUDWXUHGXUpIULJpUDWHXUGLVSDUDvWGHO¶DI¿FKHXU
3RXUDFWLYHROLGD\DSSX\H]VXUODWRXFKH
.
/HYR\DQWGHODWRXFKH
.
V¶DOOXPH
/RUVTXHFHPRGHHVWDFWLYpO¶DSSDUHLOIRQFWLRQQHGHIDoRQRSWLPDOH
5HPDUTXHV
'DQVFHPRGH
$YDQWG¶XWLOLVHUFHPRGHYLGH]OHUpIULJpUDWHXUHWIHUPH]ODSRUWH
/RUVTXHFHPRGHHVWGpVDFWLYpOHIRQFWLRQQHPHQWQRUPDOGXUpIULJpUDWHXUUHSUHQG
,OQ¶HVWSDVSRVVLEOHG¶DMXVWHUODWHPSpUDWXUHGXUpIULJpUDWHXUWDQWTXHFHPRGHQ¶HVWSDVGpVDFWLYp
/¶DODUPHHVWDFWLYpHORUVTXHODSRUWHHVWRXYHUWH
,
*
-
.
+
0RGH$ODUP
$ODUPHGHWHPSpUDWXUHpOHYpH
6LODWHPSpUDWXUHLQWHUQHGHO¶DSSDUHLOHVWWURSpOHYpHXQHDODUPHVRQRUHVHGpFOHQFKHWRQDOLWp
LQWHUPLWWHQWHHWOHYR\DQWGHODWRXFKH
&
FOLJQRWH
5HPpGLH]DXSUREOqPHHWGpVDFWLYH]O¶DODUPHVRQRUHHQDSSX\DQWVXUODWRXFKH
&
/¶DODUPHVRQRUHHVWDFWLYpHWRXWHVOHVKHXUHVVLODWHPSpUDWXUHLQWHUQHHVWWURSpOHYpHHWV¶LO
H[LVWHXQULVTXHG¶DOWpUDWLRQGHVDOLPHQWV
/¶DODUPHHVWDXWRPDWLTXHPHQWGpVDFWLYpHGqVTXHOHFRQJpODWHXUDWWHLQWXQHWHPSpUDWXUHTXL
QHSUpVHQWHDXFXQULVTXHG¶DOWpUDWLRQGHVDOLPHQWV
/RUVGHODSUHPLqUHPLVHHQVHUYLFHGHO¶DSSDUHLOO¶DODUPHQHVHGpFOHQFKHSDVDYDQWXQGpODL
GHKHXUHVD¿QGHSHUPHWWUHjO¶DSSDUHLOG¶DWWHLQGUHODWHPSpUDWXUHDGpTXDWH
&HWWHIRQFWLRQSHUPHWG¶pYLWHUXQGpFOHQFKHPHQWLQWHPSHVWLIGHO¶DODUPH
$ODUPHG·RXYHUWXUHGHODSRUWHGXUpIULJpUDWHXU
6LODSRUWHGXUpIULJpUDWHXURXGXFRQJpODWHXUUHVWHRXYHUWHSHQGDQWSOXVGHGHX[PLQXWHVXQH
DODUPHVRQRUHVHGpFOHQFKHHWOHYR\DQWGHODWRXFKH
&
FOLJQRWH
/¶DODUPHFHVVHXQHIRLVODSRUWHIHUPpH,OHVWpJDOHPHQWSRVVLEOHGHGpVDFWLYHUO¶DODUPHHQ
DSSX\DQWVXUODWRXFKH
&
(
'
&
)
)RQFWLRQ6pFXULWpHQIDQWV
8WLOLVH]FHWWHIRQFWLRQVLYRXVQHVRXKDLWH]SDVSURFpGHUDXUpJODJHPDQXHOGHO¶DSSDUHLO
3RXUDFWLYHUFHWWHIRQFWLRQDSSX\H]VXUODWRXFKH
&
SHQGDQWDXPRLQVWURLVVHFRQGHV
/¶LQGLFDWLRQ³//´DSSDUDvWVXUO¶DI¿FKHXU
(
HWVXUOH
*
HWGHVDODUPHVUHWHQWLVVHQW
7RXWHVOHVWRXFKHVVRQWYHUURXLOOpHVjO¶H[FHSWLRQGHODWRXFKH
&
3RXUGpVDLYHUODIRQFWLRQ6pFXULWpHQIDQWVDSSX\H]jQRXYHDXVXUODWRXFKH
&
SHQGDQWDX
PRLQVWURLVVHFRQGHV
5HPDUTXH
/¶LQGLFDWLRQ³//´Q¶HVWSDVDI¿FKpHORUVTXHFHWWHIRQFWLRQHVWDFWLYpH1pDQPRLQVO¶LQGLFDWLRQ
³//´DSSDUDvWSHQGDQWXQHVHFRQGHORUVTXHYRXVDSSX\H]VXUXQHWRXFKH
(
'
&
)
*