GE JVE40DTWW Use and Care Manual

GE JVE40DTWW Use and Care Manual
Range Hoods
Vented
GEAppliances.com
Printed in China
Safety Information. . . . . . . . . 2, 3
Operating/Care and
Cleaning Instructions
Charcoal Filters. . . . . . . . . . . . . . . . . . .
Grease Filters. . . . . . . . . . . . . . . . . . . . .
Hood Lights. . . . . . . . . . . . . . . . . . . . . . .
Painted Surfaces. . . . . . . . . . . . . . . . . .
Stainless Steel Surfaces . . . . . . . . . . .
Vent Controls . . . . . . . . . . . . . . . . . . . . .
5
4
5
5
5
4
Owner’s Manual
and Installation
Instructions
JVE40
Installation Instructions. . 6–13
Troubleshooting Tips . . . . . . . . 14
Consumer Support
Consumer Support. . . . . . . . . . . . . . . 16
Warranty. . . . . . . . . . . . . . . . . . . . . . . 15
*Energy Star® labeled product
As an Energy Star® partner, GE
has determined that this product
meets the Energy Star® guidelines
for energy efficiency.
Write the model and serial
numbers here:
Model #_ ________________
Serial #__________________
Find these numbers on a label on
the back wall of the hood.
49-80622-1 08-11 GE
,03257$176$)(7<,1)250$7,21
5($'$//,16758&7,216%()25(86,1*
6$)(7<35(&$87,216
:$51,1*²725('8&(7+(5,6.2)),5(
(/(&75,&6+2&.25,1-85<723(562162%6(59(7+(
)2//2:,1*
$ 8VHWKLVXQLWRQO\LQWKHPDQQHULQWHQGHGE\WKHPDQXIDFWXUHU
,I\RXKDYHTXHVWLRQVFRQWDFWWKHPDQXIDFWXUHU
% %HIRUHVHUYLFLQJRUFOHDQLQJXQLWVZLWFKSRZHURIIDWVHUYLFH
SDQHODQGORFNWKHVHUYLFHGLVFRQQHFWLQJPHDQVWRSUHYHQW
SRZHUIURPEHLQJVZLWFKHGRQDFFLGHQWDOO\:KHQWKHVHUYLFH
GLVFRQQHFWLQJPHDQVFDQQRWEHORFNHGVHFXUHO\IDVWHQD
SURPLQHQWZDUQLQJGHYLFHVXFKDVDWDJWRWKHVHUYLFHSDQHO
& 'RQRWXVHWKLVXQLWZLWKDQ\VROLGVWDWHVSHHGFRQWUROGHYLFH
' 7KLVXQLWPXVWEHJURXQGHG
&$87,21²
)25*(1(5$/9(17,/$7,1*86(21/<
'212786(72(;+$867+$=$5'28625(;3/26,9(0$7(5,$/6
$1'9$3256
:$51,1*²
725('8&(7+(5,6.2),1-85<72
3(56216,17+((9(172)$5$1*(723*5($6(),5(2%6(59(
7+()2//2:,1*
$ 6027+(5)/$0(6ZLWKDFORVHILWWLQJOLGFRRNLHVKHHWRUPHWDO
WUD\WKHQWXUQRIIWKHEXUQHU%(&$5()8/7235(9(17%8516,I
WKHIODPHVGRQRWJRRXWLPPHGLDWHO\(9$&8$7($1'&$//7+(
),5('(3$570(17
% 1(9(53,&.83$)/$0,1*3$1³<RXPD\EHEXUQHG
& '212786(:$7(5LQFOXGLQJZHWGLVKFORWKVRUWRZHOV³D
YLROHQWVWHDPH[SORVLRQZLOOUHVXOW
' 8VHDQH[WLQJXLVKHU21/<LI
<RXNQRZ\RXKDYHD&ODVV$%&H[WLQJXLVKHUDQG\RX
DOUHDG\NQRZKRZWRRSHUDWHLW
7KHILUHLVVPDOODQGFRQWDLQHGLQWKHDUHDZKHUHLWVWDUWHG
7KHILUHGHSDUWPHQWLVEHLQJFDOOHG
<RXFDQILJKWWKHILUHZLWK\RXUEDFNWRDQH[LW
%DVHGRQ´.LWFKHQ)LUH6DIHW\µSXEOLVKHGE\1)3$
:$51,1*²
725('8&(7+(5,6.2)$5$1*(
723*5($6(),5(
$ 1HYHUOHDYHVXUIDFHXQLWVXQDWWHQGHGDWKLJKVHWWLQJV%RLORYHUV
FDXVHVPRNLQJDQGJUHDV\VSLOORYHUVWKDWPD\LJQLWH+HDWRLOV
VORZO\RQORZRUPHGLXPVHWWLQJV
% $OZD\VWXUQKRRG21ZKHQFRRNLQJRQKLJKKHDWRUZKHQ
IODPEpLQJIRRGLH&UHSHV6X]HWWH&KHUULHV-XELOHH3HSSHUFRUQ
%HHI)ODPEp
& &OHDQYHQWLODWLQJIDQVIUHTXHQWO\*UHDVHVKRXOGQRWEHDOORZHG
WRDFFXPXODWHRQIDQRUILOWHU
' 8VHSURSHUSDQVL]H$OZD\VXVHFRRNZDUHDSSURSULDWHIRUWKH
VL]HRIWKHVXUIDFHHOHPHQW
:$51,1*²
725('8&(7+(5,6.2)),5(
(/(&75,&6+2&.25,1-85<723(562162%6(59(7+(
)2//2:,1*
$ ,QVWDOODWLRQZRUNDQGHOHFWULFDOZLULQJPXVWEHGRQHE\TXDOLILHG
SHUVRQVLQDFFRUGDQFHZLWKDOODSSOLFDEOHFRGHVDQGVWDQGDUGV
LQFOXGLQJILUHUDWHGFRQVWUXFWLRQ
% 6XIILFLHQWDLULVQHHGHGIRUSURSHUFRPEXVWLRQDQGH[KDXVWLQJ
RIJDVHVWKURXJKWKHIOXHFKLPQH\RIIXHOEXUQLQJHTXLSPHQW
WRSUHYHQWEDFNGUDIWLQJ)ROORZWKHKHDWLQJHTXLSPHQW
PDQXIDFWXUHU·VJXLGHOLQHDQGVDIHW\VWDQGDUGVVXFKDVWKRVH
SXEOLVKHGE\WKH1DWLRQDO)LUH3URWHFWLRQ$VVRFLDWLRQ1)3$WKH
$PHULFDQ6RFLHW\IRU+HDWLQJ5HIULJHUDWLRQDQG$LU&RQGLWLRQLQJ
(QJLQHHUV$6+5$(DQGWKHORFDOFRGHDXWKRULWLHV
& :KHQFXWWLQJRUGULOOLQJLQWRZDOORUFHLOLQJGRQRWGDPDJH
HOHFWULFDOZLULQJDQGRWKHUKLGGHQXWLOLWLHV
' 'XFWHGIDQVPXVWDOZD\VEHYHQWHGWRWKHRXWGRRUV
:$51,1*²
725('8&(7+(5,6.2)),5($1'72
3523(5/<(;+$867$,5%(685(72'8&7$,52876,'(³'2127
9(17(;+$867$,5,17263$&(6:,7+,1:$//625&(,/,1*625
,172$77,&6&5$:/63$&(625*$5$*(6
:$51,1*²
725('8&(7+(5,6.2)),5(86(
21/<0(7$/'8&7:25.
„
'RQRWDWWHPSWWRUHSDLURUUHSODFHDQ\SDUWRI\RXUKRRGXQOHVV
LWLVVSHFLILFDOO\UHFRPPHQGHGLQWKLVJXLGH$OORWKHUVHUYLFLQJ
VKRXOGEHUHIHUUHGWRDTXDOLILHGWHFKQLFLDQ
5($'$1')2//2:7+,66$)(7<,1)250$7,21&$5()8//<
5($'$1'6$9(7+(6(,16758&7,216
,16758&7,216'(6e&85,7e,03257$17(6
/,6(=7287(6/(6,16758&7,216$9$17'·87,/,6(5
*($SSOLDQFHVFRP
35e&$87,216(10$7,Ê5('(6e&85,7e
$9(57,66(0(17²32855e'8,5(
$9(57,66(0(17²5e'8,6(=/(5,648(
/(5,648('·,1&(1',('(6(&2866(e/(&75,48(28'(
'·81)(8'(*5$,66(685/$685)$&('(&8,6621'8)285
%/(6685(&25325(//(2%6(59(=/(635e&$87,216
68,9$17(6
$ 1·XWLOLVH]FHWDSSDUHLOTXHGHODPDQLqUHSUpYXHSDUOHIDEULFDQW6LYRXV
DYH]GHVTXHVWLRQVDSSHOH]OHIDEULFDQW
% $YDQWGHUpSDUHURXGHQHWWR\HUYRWUHDSSDUHLOGpEUDQFKH]OHFRXUDQW
DXQLYHDXGXSDQQHDXGHVHUYLFHHWYHUURXLOOH]OHVPpFDQLVPHVGH
GpEUDQFKHPHQWGHVHUYLFHSRXUpYLWHUWRXWEUDQFKHPHQWDFFLGHQWHO
DXFRXUDQW6LYRXVQHSRXYH]SDVYHUURXLOOHUOHVPpFDQLVPHVGH
GpEUDQFKHPHQWGHVHUYLFHDWWDFKH]VRLJQHXVHPHQWXQDYHUWLVVHPHQW
ELHQYLVLEOHFRPPHXQHpWLTXHWWHDXSDQQHDXGHVHUYLFH
& 1·XWLOLVH]MDPDLVFHWDSSDUHLODYHFXQPpFDQLVPHGHUpJODJHGHOD
YLWHVVHjVHPLFRQGXFWHXUV
' &HWDSSDUHLOGRLWrWUHELHQPLVjODWHUUH
$77(17,21²
81,48(0(17­86$*('(
9(17,/$7,21*e1e5$/(1·87,/,6(=-$0$,63285/·e&+$33(0(17
'(0$7,Ê5(6(7'(9$3(856(;3/26,9(6
$9(57,66(0(17²
32855e'8,5(/(
5,648('(%/(6685(&25325(//(6,'(/$*5$,66(35(1'
)(8685/$685)$&('(&8,6621'8)28568,9(=/(6
,16758&7,21668,9$17(6
$ e728))(=/(6)/$00(6DYHFXQFRXYHUFOHTXLFRQYLHQWXQHW{OHj
ELVFXLWVRXXQSODWHDXHQPpWDOSXLVpWHLJQH]OHEU€OHXU)$,7(6%,(1
$77(17,21'(1(3$69286%5Ó/(56LOHVIODPPHVQHV·pWHLJQHQWSDV
LPPpGLDWHPHQW6257(=(7$33(/(=/(63203,(56
% 1('e3/$&(=-$0$,681(&$66(52//(48,)/$0%(²9RXVSRXYH]
YRXVEU€OHU
& 1·87,/,6(=-$0$,6'·($8HQSDUWLFXOLHUGHVHUYLHWWHRXGHFKLIIRQ
PRXLOOp²LOVHSURGXLUDXQHH[SORVLRQYLROHQWHGHYDSHXUEU€ODQWH
' 1·87,/,6(=81(;7,1&7(85TXHVL
9RXVDYH]XQH[WLQFWHXUGHFODVVH$%&HWYRXVVDYH]FRPPHQW
O·XWLOLVHU
/HIHXHVWUpGXLWHWFRQILQpjO·HQGURLWRLODFRPPHQFp
9RXVDYH]GpMjDSSHOpOHVSRPSLHUV
9RXVFRPEDWWH]OHVIODPPHVHQWRXUQDQWOHGRVjXQHVRUWLH
%DVpVXUO·RXYUDJHLQWLWXOp©.LWFKHQ)LUH6DIHW\ªSXEOLp
SDUOD1)3$
$ 1HODLVVH]MDPDLVVDQVVXUYHLOODQFHOHVXQLWpVGHFXLVVRQGHVXUIDFHjXQH
WHPSpUDWXUHpOHYpH/HERXLOORQQHPHQWRFFDVLRQQHGHVGpERUGHPHQWV
IXPDQWVHWJUDLVVHX[TXLSHXYHQWSUHQGUHIHX&KDXIIH]jIHXGRX[OHV
VXEVWDQFHVKXLOHXVHVDYHFXQUpJODJHEDVRXPR\HQ
% 0HWWH]WRXMRXUVODKRWWHHQPDUFKHTXDQGYRXVFXLVLQH]jKDXWH
WHPSpUDWXUHRXTXDQGYRXVIDLWHVIODPEHUGHVDOLPHQWVSH[
FUqSHV6X]HWWHFHULVHV-XELOHH%±XIIODPEp3HSSHUFRUQ
& 1HWWR\H]OHVPpFDQLVPHVGHYHQWLODWLRQIUpTXHPPHQW,OQHIDXWSDV
SHUPHWWUHXQHDFFXPXODWLRQGHJUDLVVHVXUOHYHQWLODWHXURXVXUOHILOWUH
' 8WLOLVH]XQHFDVVHUROHGHERQQHWDLOOH8WLOLVH]WRXMRXUVXQXVWHQVLOHGH
FXLVLQHTXLFRQYLHQQHDXGLDPqWUHGHO·pOpPHQWGHFXLVVRQ
$9(57,66(0(17²
32855e'8,5(
/(5,648('·,1&(1',('(6(&2866(e/(&75,48(28'(
%/(6685(&25325(//(2%6(59(=/(635e&$87,216
68,9$17(6
$ 9RXVGHYH]IDLUHH[pFXWHUWRXVOHVWUDYDX[G·LQVWDOODWLRQHWGHFkEODJH
pOHFWULTXHSDUXQHSHUVRQQHTXDOLILpHFRQIRUPpPHQWjWRXVOHVFRGHV
HWOHVQRUPHVHQYLJXHXUHQSDUWLFXOLHUFHX[GHFRQVWUXFWLRQUHODWLIV
DX[LQFHQGLHV
% 9RXVGHYH]DVVH]G·DLUSRXUDYRLUXQHERQQHFRPEXVWLRQHWSHUPHWWUH
O·pYDFXDWLRQGHVJD]SDUOHFRQGXLWGHFKHPLQpHGXPDWpULHOGH
FRPEXVWLRQGXFDUEXUDQWDILQG·pYLWHUWRXWUHWRXUG·DLU6XLYH]OHV
GLUHFWLYHVGXIDEULFDQWGHPDWpULHOGHFRPEXVWLRQHWOHVQRUPHV
GHVpFXULWpFRPPHFHOOHVSXEOLpHVSDUOD1DWLRQDO)LUH3URWHFWLRQ
$VVRFLDWLRQ1)3$O·$PHULFDQ6RFLHW\IRU+HDWLQJ5HIULJHUDWLRQDQG
$LU&RQGLWLRQLQJ(QJLQHHUV$6+5$(DLQVLTXHOHVPRGDOLWpVGHVFRGHV
ORFDX[
& 6LYRXVIDLWHVXQWURXRXXQHRXYHUWXUHGDQVXQPXURXXQSODIRQG
Q·HQGRPPDJH]SDVOHVILOVpOHFWULTXHVHWOHVDXWUHVLQVWDOODWLRQV
FDFKpHVGHVHUYLFHSXEOLF
' 9RXVGHYH]WRXMRXUVDOLPHQWHUOHVYHQWLODWHXUVGDQVOHVFRQGXLWVHQDLU
HQSURYHQDQFHGHO·H[WpULHXU
$9(57,66(0(17²
32855e'8,5(/(5,648(
'·,1&(1',((7e9$&8(5$'e48$7(0(17/·$,5$6685(=9286'()$,5(
'e%28&+(5/$&21'8,7('·$,5­/·(;7e5,(85³1(9(17,/(=3$6/·$,5
e9$&8e'$16'(6(63$&(6&2035,6­/·,17e5,(85'(0856'·81
3/$)21''·81*5(1,(5'·819,'(6$1,7$,5(28'·81*$5$*(
$9(57,66(0(17²
32855e'8,5(/(
5,648('·,1&(1',(1·87,/,6(=48('(6&21'8,76(10e7$/
„
1·HVVD\H]MDPDLVGHUHPSODFHURXGHUpSDUHUXQpOpPHQWGHYRWUHKRWWH
VLOHSUpVHQWPDQXHOQHOHUHFRPPDQGHSDVH[SUHVVpPHQW7RXWDXWUH
HQWUHWLHQGRLWrWUHHIIHFWXpSDUXQWHFKQLFLHQTXDOLILp
/,6(=(768,9(=$77(17,9(0(17&(6,16758&7,216
/,6(=(7&216(59(=&(6,16758&7,216
8VLQJWKHKRRGFRQWUROV
7KURXJKRXWWKLVPDQXDOIHDWXUHVDQGDSSHDUDQFHPD\YDU\IURP\RXUPRGHO
5RFNHU6ZLWFK&RQWUROV
OFF
HI
FAN
OFF
LIGHT
LO
)$1&RQWURO
3UHVVWKHURFNHUVZLWFKDWWKHWRSWRWXUQWKHIDQRQ
+,DQGDWWKHERWWRPWRWXUQLWRQ/2:7KHFHQWHU
SRVLWLRQLV2))
&RQWLQXRXVXVHRIWKHIDQV\VWHPZKLOHFRRNLQJKHOSV
NHHSWKHNLWFKHQFRPIRUWDEOHDQGOHVVKXPLG,WDOVR
UHGXFHVFRRNLQJRGRUVDQGVRLOLQJPRLVWXUHWKDWFUHDWHD
IUHTXHQWQHHGIRUFOHDQLQJ
ON
/,*+7&RQWURO
3UHVVWKHURFNHUVZLWFKDWWKHERWWRPWRWXUQWKHOLJKW21
ZKLOHFRRNLQJ3UHVVWKHURFNHUVZLWFKDWWKHWRSWRWXUQ
WKHOLJKW2))
&DUHDQGFOHDQLQJRIWKHYHQWKRRG
%HVXUHHOHFWULFDOSRZHULVRIIDQGDOOVXUIDFHVDUHFRROEHIRUHFOHDQLQJRUVHUYLFLQJDQ\SDUWRIWKHYHQWKRRG
5HXVDEOH0HWDO*UHDVH)LOWHUV
7KHKRRGKDVPHWDOUHXVDEOHJUHDVH
ILOWHUV
7KHPHWDOILOWHUVWUDSJUHDVHUHOHDVHG
E\IRRGVRQWKHFRRNWRS7KH\DOVRKHOS
SUHYHQWIODPLQJIRRGVRQWKHFRRNWRS
IURPGDPDJLQJWKHLQVLGHRIWKHKRRG
)LOWHUORFNV
,ILWHYHUEHFRPHVQHFHVVDU\WRUHSODFH
WKHPHWDOJUHDVHILOWHUVWKH\PD\EH
RUGHUHGIURP\RXU*(VXSSOLHU
)RUWKLVUHDVRQWKHILOWHUVPXVW$/:$<6
EHLQSODFHZKHQWKHKRRGLVXVHG7KH
JUHDVHILOWHUVVKRXOGEHFOHDQHGRQFHD
PRQWKRUDVQHHGHG
7RUHPRYHSUHVVWKHILOWHUORFNVEDFN
DQGSXOOWKHILOWHUVGRZQDQGRXW
7RUHSODFHLQVHUWWKHUHDUILOWHUWDEV
LQWKHIUDPHVORWVDWWKHEDFNRIWKH
RSHQLQJ3XVKWKHILOWHUVXSDQGORFN
WKHPLQWRSODFH
7RFOHDQWKHJUHDVHILOWHUVVRDNWKHP
DQGWKHQVZLVKWKHPDURXQGLQKRW
ZDWHUDQGGHWHUJHQW'RQ·WXVHDPPRQLD
RUDPPRQLDSURGXFWVEHFDXVHWKH\ZLOO
GDUNHQWKHPHWDO'RQRWXVHDEUDVLYHV
RURYHQFOHDQHUV/LJKWEUXVKLQJFDQEH
XVHGWRUHPRYHHPEHGGHGGLUW5LQVH
VKDNHDQGOHWWKHPGU\EHIRUHUHSODFLQJ
7KH\PD\DOVREHFOHDQHGLQDQ
DXWRPDWLFGLVKZDVKHU
127(%HIRUHFOHDQLQJPDNHVXUHWKH
FKDUFRDOILOWHUVLISUHVHQWDUHXQFOLSSHG
DQGUHPRYHG6HHWKH&KDUFRDO)LOWHUV
VHFWLRQ
&DUHDQGFOHDQLQJRIWKHYHQWKRRG
*($SSOLDQFHVFRP
&KDUFRDO)LOWHUVRQVRPHPRGHOV
7KHFKDUFRDOILOWHUV
FDQQRWEHFOHDQHG
7KH\PXVWEHUHSODFHG
2UGHU.LWQR
:%;
7KHFKDUFRDOILOWHUVDUHFOLSSHG
LQVLGHRIHDFKUHXVDEOHPHWDO
JUHDVHILOWHU
7KLVNLWFDQEHRUGHUHG
IURP\RXU*(VXSSOLHU
127(&KDUFRDOILOWHUVDUHQRW
LQFOXGHGZLWKWKHKRRG7KH\
PXVWEHRUGHUHGIURP\RXU
*(VXSSOLHU
,IWKHPRGHOLVQRWYHQWHG
WRWKHRXWVLGHWKHDLUZLOO
EHUHFLUFXODWHGWKURXJK
GLVSRVDEOHFKDUFRDOILOWHUVWKDW
KHOSUHPRYHVPRNHDQGRGRUV
7KHFKDUFRDOILOWHUVVKRXOG
EHUHSODFHGZKHQWKH\DUH
QRWLFHDEO\GLUW\RUGLVFRORUHG
XVXDOO\DIWHU²PRQWKV
GHSHQGLQJRQKRRGXVDJH
127('2127ULQVHRUSXW
FKDUFRDOILOWHUVLQDQDXWRPDWLF
GLVKZDVKHU
1RWH,IWKHKRRGLQLQVWDOOHG
IRUUHFLUFXODWLRQPRGHLWLV
QRW(1(5*<67$5ŠFHUWLILHG
3DLQWHG6XUIDFHVRQVRPHPRGHOV
7RFOHDQWKHKRRGVXUIDFHXVHDKRWGDPS
FORWKZLWKDPLOGGHWHUJHQWVXLWDEOHIRU
SDLQWHGVXUIDFHV8VHDFOHDQKRWGDPS
FORWKWRUHPRYHVRDS'U\ZLWKDGU\FOHDQ
FORWK
'RQRWXVHVWHHOZRROSDGVRURWKHUDEUDVLYH
FOHDQHUV7KH\ZLOOVFUDWFKWKHVXUIDFH:LSH
ZLWKDFOHDQKRWGDPSFORWKDIWHUXVLQJ
FOHDQVHUV
6WDLQOHVV6WHHO6XUIDFHVRQVRPHPRGHOV
'RQRWXVHDVWHHOZRROSDGLWZLOOVFUDWFK
WKHVXUIDFH
7RFOHDQWKHVWDLQOHVVVWHHOVXUIDFHXVH
ZDUPVXGV\ZDWHURUDVWDLQOHVVVWHHO
FOHDQHURUSROLVK$OZD\VZLSHWKHVXUIDFHLQ
WKHGLUHFWLRQRIWKHJUDLQ)ROORZWKHFOHDQHU
LQVWUXFWLRQVIRUFOHDQLQJWKHVWDLQOHVVVWHHO
VXUIDFH
7RLQTXLUHDERXWSXUFKDVLQJVWDLQOHVVVWHHO
DSSOLDQFHFOHDQHURUSROLVKRUWRILQGWKH
ORFDWLRQRIDGHDOHUQHDUHVW\RXSOHDVHFDOO
RXUWROOIUHHQXPEHU
1DWLRQDO3DUWV&HQWHU
*($SSOLDQFHVFRP
+RRG/LJKWV
:$51,1*
Hg /DPSFRQWDLQV0HUFXU\0DQDJH
LQDFFRUGZLWKGLVSRVDOODZV6HHZZZ
ODPSUHF\FOHRUJRU
)RULQVWDOODWLRQKDQGOLQJDQGGLVSRVDO
SUHFDXWLRQVUHIHUWRWKHIOXRUHVFHQWODPS
SDFNDJLQJOLWHUDWXUH
:$51,1*
„7RUHGXFHWKHULVNRIHOHFWULFVKRFNGR
QRWFRQQHFWHOHFWULFDOSRZHUWRWKHKRRG
ZLWKRXWERWKODPSVLQSODFH
&$87,21
7KLVKRRGUHTXLUHVWZR&RPSDFW)OXRUHVFHQW
/DPSV&)/ZLWKD*8EDVHLQFOXGHG
PD[LPXPZDWWV
7RFKDQJHWKHODPSV
:KHQLQVWDOOLQJRUUHSODFLQJDODPS
PDNHVXUHWKDWSRZHUWRWKHOLJKWKDV
EHHQWXUQHGRII1HYHUDOORZDODPSWR
FRPHLQWRFRQWDFWZLWKZDWHU
5HPRYHWKHOHQVFRYHUE\VOLGLQJLWLQD
KRUL]RQWDOGLUHFWLRQDQGSXOOLQJLWGRZQ
DQGDZD\IURPWKHKRRG
„'RQRWWRXFKWKHKRRGODPSVZKHQWKH\DUH
*UDVSWKHODPSE\WKHSODVWLFEDVH
SRUWLRQRIWKHODPSDQGXQVFUHZLW
„7RSUHYHQWLQMXU\IURPEURNHQODPSV
5HSODFHZLWKHQHUJ\VDYLQJ*(:
&RPSDFW)OXRUHVFHQW/DPSZLWK*8
EDVH*(6HUYLFH3DUW:%;
RQ7KH\PD\EHKRWHQRXJKWRFDXVHLQMXU\
KDQGOHODPSVFDUHIXOO\DQGGRQRWRSHUDWH
KRRGZLWKRXWODPSOHQVFRYHUVLQSODFH
,QVWDOODWLRQ
,QVWUXFWLRQV
5DQJH+RRG
4XHVWLRQV"&DOO*(&$5(6RU9LVLWRXU:HEVLWHDW*($SSOLDQFHVFRP
%()25(<28%(*,1
'8&7:25.5(48,5(0(176
5HDGWKHVHLQVWUXFWLRQVFRPSOHWHO\DQGFDUHIXOO\
127(5HDGWKHGXFWZRUNVHFWLRQVRQO\LI\RXGRQRWKDYH
H[LVWLQJGXFWZRUN,I\RXKDYHH[LVWLQJGXFWZRUNVNLSWR
WKH´'DPDJHµVHFWLRQDQGSURFHHG
,03257$17²6DYHWKHVHLQVWUXFWLRQVIRU
ORFDOLQVSHFWRU·VXVH
‡ ,03257$17²2EVHUYHDOOJRYHUQLQJ
‡
7KHYHQWLQJV\VWHPPXVWH[KDXVWWRWKHRXWVLGH
7KLVKRRGFDQEHYHQWHGYHUWLFDOO\WKURXJKXSSHUFDELQHWV
RUKRUL]RQWDOO\WKURXJKDQRXWVLGHZDOO'XFWZRUNLVQRW
LQFOXGHG
FRGHVDQGRUGLQDQFHV
‡ 1RWHWR,QVWDOOHU²%HVXUHWROHDYHWKHVH
LQVWUXFWLRQVZLWKWKH&RQVXPHU
‡ 1RWHWR&RQVXPHU².HHSWKHVHLQVWUXFWLRQV
IRUIXWXUHUHIHUHQFH
‡ 6NLOOOHYHO²,QVWDOODWLRQRIWKLVDSSOLDQFHUHTXLUHV
EDVLFPHFKDQLFDODQGHOHFWULFDOVNLOOV
‡ &RPSOHWLRQWLPH²²KRXUV
‡ 3URSHULQVWDOODWLRQLVWKHUHVSRQVLELOLW\RIWKHLQVWDOOHU
‡ 3URGXFWIDLOXUHGXHWRLPSURSHULQVWDOODWLRQLVQRW
FRYHUHGXQGHUWKH:DUUDQW\
([KDXVWFRQQHFWLRQ
7KHKRRGH[KDXVWKDVEHHQGHVLJQHGWRPDWHZLWK
VWDQGDUGøµ[µUHFWDQJXODUGXFWLQJ
,IDµURXQGGXFWLVUHTXLUHGDUHFWDQJXODUWRURXQG
WUDQVLWLRQDGDSWRUPXVWEHXVHG'RQRWXVHOHVVWKDQD
µGLDPHWHUGXFW
0D[LPXPGXFWOHQJWK
)RUVDWLVIDFWRU\DLUPRYHPHQWWKHWRWDOGXFWOHQJWKRID
øµ[µUHFWDQJXODUVKRXOGQRWH[FHHGHTXLYDOHQWIHHW
)25<2856$)(7<
127(,W·VLPSRUWDQWWKDWGXFWLQJEHLQVWDOOHGXVLQJWKH
PRVWGLUHFWURXWHDQGZLWKDVIHZHOERZVDVSRVVLEOH
7KLVHQVXUHVFOHDUYHQWLQJRIH[KDXVWDQGKHOSVSUHYHQW
EORFNDJHV$OVRPDNHVXUHGDPSHUVVZLQJIUHHO\DQG
QRWKLQJLVEORFNLQJWKHGXFWV
:$51,1*²
%HIRUHEHJLQQLQJWKH
LQVWDOODWLRQVZLWFKSRZHURIIDWVHUYLFHSDQHODQGORFNWKH
VHUYLFHGLVFRQQHFWLQJPHDQVWRSUHYHQWSRZHUIURPEHLQJ
VZLWFKHGRQDFFLGHQWDOO\:KHQWKHVHUYLFHGLVFRQQHFWLQJ
PHDQVFDQQRWEHORFNHGVHFXUHO\IDVWHQDSURPLQHQW
ZDUQLQJGHYLFHVXFKDVDWDJWRWKHVHUYLFHSDQHO
(OERZVWUDQVLWLRQVZDOODQGURRIFDSVHWF
SUHVHQWDGGLWLRQDOUHVLVWDQFHWRDLUIORZDQGDUHHTXLYDOHQW
WRDVHFWLRQRIVWUDLJKWGXFWORQJHUWKDQWKHLUDFWXDO
SK\VLFDOVL]H:KHQFDOFXODWLQJWKHWRWDOGXFWOHQJWKDGG
WKHHTXLYDOHQWOHQJWKVRIDOOWUDQVLWLRQVDQGDGDSWRUVSOXV
WKHOHQJWKRIDOOVWUDLJKWGXFWVHFWLRQV7KHFKDUWVRQWKH
IROORZLQJSDJHVVKRZ\RXKRZWRFDOFXODWHWRWDOHTXLYDOHQW
GXFWZRUNOHQJWKXVLQJWKHDSSUR[LPDWHIHHWRIHTXLYDOHQW
OHQJWKRIVRPHW\SLFDOGXFWV
:$51,1*²
725('8&(7+(5,6.
2)),5((/(&75,&6+2&.25,1-85<723(56216
2%6(59(7+()2//2:,1*
$ ,QVWDOODWLRQZRUNDQGHOHFWULFDOZLULQJPXVWEHGRQHE\
TXDOLILHGSHUVRQVLQDFFRUGDQFHZLWKDOODSSOLFDEOHFRGHV
DQGVWDQGDUGVLQFOXGLQJILUHUDWHGFRQVWUXFWLRQ
% 6XIILFLHQWDLULVQHHGHGIRUSURSHUFRPEXVWLRQDQG
H[KDXVWLQJRIJDVHVWKURXJKWKHIOXHFKLPQH\RIIXHO
EXUQLQJHTXLSPHQWWRSUHYHQWEDFNGUDIWLQJ)ROORZWKH
KHDWLQJHTXLSPHQWPDQXIDFWXUHU·VJXLGHOLQHDQGVDIHW\
VWDQGDUGVVXFKDVWKRVHSXEOLVKHGE\WKH1DWLRQDO)LUH
3URWHFWLRQ$VVRFLDWLRQ1)3$WKH$PHULFDQ6RFLHW\IRU
+HDWLQJ5HIULJHUDWLRQDQG$LU&RQGLWLRQLQJ(QJLQHHUV
$6+5$(DQGWKHORFDOFRGHDXWKRULWLHV
& :KHQFXWWLQJRUGULOOLQJLQWRZDOORUFHLOLQJGRQRWGDPDJH
HOHFWULFDOZLULQJDQGRWKHUKLGGHQXWLOLWLHV
' 'XFWHGIDQVPXVWDOZD\VEHYHQWHGWRWKHRXWGRRUV
,03257$17,IDUHFWDQJXODUWRURXQG
WUDQVLWLRQDGDSWRULVXVHGWKHERWWRP
FRUQHUVRIWKHGDPSHUZLOOKDYHWR
EHFXWWRILWXVLQJWKHWLQVQLSVLQ
RUGHUWRDOORZIUHHPRYHPHQWRIWKH
GDPSHU(TXLYDOHQWOHQJWKVRIGXFW
SLHFHVDUHEDVHGRQDFWXDOWHVWVDQG
UHIOHFWUHTXLUHPHQWVIRUJRRGYHQWLQJ
SHUIRUPDQFHZLWKDQ\KRRG
:$51,1*²
725('8&(7+(5,6.2)),5($1'
723523(5/<(;+$867$,5%(685(72'8&7$,52876,'(³
'21279(17(;+$867$,5,17263$&(6:,7+,1:$//625
&(,/,1*625,172$77,&6&5$:/63$&(625*$5$*(6
,QVWDOODWLRQ,QVWUXFWLRQV
:25.6+((7&$/&8/$7(727$/(48,9$/(17'8&7:25./(1*7+
'8&7
3,(&(6
(48,9$/(17 180%(5
/(1*7+
[ 86('
727$/
ø´[´ )W
5HFW
VWUDLJKW
[ )W
´5RXQG )W
VWUDLJKW
[ )W
ø´[´ )W
5HFWƒ
HOERZ
[ )W
ø´[´ )W
5HFWƒ
HOERZ
[ ø´[´ )W
5HFWƒ
IODWHOERZ [ ø´[´ )W
[ 5HFW
IWZR
ZDOOFDS GDPSHU [ ZLWK
GDPSHU
6XEWRWDOFROXPQ
'8&7
3,(&(6
(48,9$/(17 180%(5
/(1*7+
[ 86('
727$/
´5RXQG )W
ƒHOERZ
[ )W
´5RXQG )W
ƒHOERZ
[ )W
´5RXQG )W
ZDOOFDS IWZR
ZLWK
GDPSHU
GDPSHU
[ [ )W
)W
)W
´5RXQG )W
URRIFDS
[ )W
)W
´5RXQG )W
WR
ø´[´
UHFW
WUDQVLWLRQ [ )W
´5RXQG )W
WR
ø´[´
UHFW
WUDQVLWLRQ
ƒHOERZ
)W
6XEWRWDOFROXPQ
)W
6XEWRWDOFROXPQ
)W
7RWDOGXFWZRUN
)W
)W
)W
)W
0$;,080'8&7/(1*7+)RUVDWLVIDFWRU\DLUPRYHPHQW
WKHWRWDOGXFWOHQJWKRIDø´[´UHFWDQJXODUVKRXOGQRW
H[FHHGHTXLYDOHQWIHHW
[ ,QVWDOODWLRQ,QVWUXFWLRQV
'$0$*(6+,30(17,167$//$7,21
722/6<28:,//1(('
‡,IWKHXQLWLVGDPDJHGLQVKLSPHQWUHWXUQWKHXQLWWRWKH
VWRUHLQZKLFKLWZDVERXJKWIRUUHSDLURUUHSODFHPHQW
‡,IWKHXQLWLVGDPDJHGE\WKHFXVWRPHUUHSDLURU
UHSODFHPHQWLVWKHUHVSRQVLELOLW\RIWKHFXVWRPHU
‡,IWKHXQLWLVGDPDJHGE\WKHLQVWDOOHULIRWKHUWKDQ
WKHFXVWRPHUUHSDLURUUHSODFHPHQWPXVWEHPDGH
E\DUUDQJHPHQWEHWZHHQFXVWRPHUDQGLQVWDOOHU
02817,1*63$&(
´
)ODWEODGHDQG3KLOOLSV
VFUHZGULYHUV
6DZVDEHURU
NH\KROH
%RWWRPHGJHRI
FDELQHWQHHGV
WREH´RU
PRUHIURP
WKHFRRNLQJ
VXUIDFH
´SLYRWLQJ
KH[VRFNHW
´
PLQ
)ODVKOLJKW
3HQFLO
'XFWWDSH
0HWDOVQLSV
LQVRPH
DSSOLFDWLRQV
(OHFWULFGULOO
3OLHUV
7DSHPHDVXUH
:LUHVWULSSHU
&DXONLQJ
/HYHO
´1XWGULYHU
3$576,1&/8'('
3$57
´RU
PRUHIURP
WKHIORRUWR
WKHWRSRI
WKHKRRG
48$17,7<
0HWDO*UHDVH)LOWHUV
0RXQWLQJ6FUHZV
([KDXVW$GDSWRU'DPSHU
IRUø´[´UHFWYHQWLQJ
([KDXVW$GDSWRU6FUHZV
237,21$/$&&(6625,(6
127(6
‡7KLVUDQJHKRRGLVIRULQVWDOODWLRQRYHUUDQJHVXSWR´
ZLGH
‡,I\RXDUHJRLQJWRYHQW\RXUUDQJHKRRGWRWKHRXWVLGH
VHHWKH´'XFWLQJ5HTXLUHPHQWVµVHFWLRQIRUH[KDXVWGXFW
SUHSDUDWLRQ
7KLVNLWVFDQEHRUGHUHGIURP\RXU*(VXSSOLHU
&KDUFRDO)LOWHUV,IUHFLUFXODWLQJ
RUGHU.LWQR:%;
1RWH,IWKHKRRGLQLQVWDOOHGIRUUHFLUFXODWLRQ
PRGHLWLVQRW(1(5*<67$5ŠFHUWLILHG
,QVWDOODWLRQ,QVWUXFWLRQV
&+226(9(17237,21
,03257$17,IWKHKRRGLVWREHLQVWDOOHGLQDUHFLUFXODWLQJ
QRQYHQWHGGXFWOHVVPDQQHUGRQRWNQRFNRXWDQ\YHQW
RSHQLQJVLQWKHKRRG2QO\DQHOHFWULFDODFFHVVKROHZLOOEH
NQRFNHGRXWRIWKHKRRG
'HWHUPLQHWKHYHQWRSWLRQWKDW\RXULQVWDOODWLRQZLOOUHTXLUH
IURPWKHIROORZLQJFKRLFHV
7KHRXWVLGHYHQWH[KDXVWRSWLRQWKDW\RXULQVWDOODWLRQ
UHTXLUHVZLOOGHWHUPLQHWKHKRRGNQRFNRXWVWKDW\RX
ZLOOXVH
$
2XWVLGHWRSH[KDXVW
9HUWLFDOGXFW³ø´[´5HFWDQJXODU
%
2XWVLGHUHDUH[KDXVW
+RUL]RQWDOGXFW³ø´[´5HFWDQJXODU
&
5HFLUFXODWLQJ
1RQYHQWHGGXFWOHVV³2SWLRQDO
,QVWDOODWLRQ,QVWUXFWLRQV
5(029('8&7.12&.2876
5(029(),/7(56
5HPRYHWKHSURWHFWLYHVKLSSLQJILOPIURPWKHHGJHV
RIWKHPHWDOJUHDVHILOWHUV3UHVVWKHILOWHUORFNVEDFNDQG
OLIWWKHILOWHUVRXW6HWWKHPDVLGH
,IUHFLUFXODWLQJQRQYHQWHGGXFWOHVVVHHQRWHEHORZDQG
VNLSWR6WHSDQGSURFHHG
8VLQJDIODWEODGHVFUHZGULYHUUHPRYHWKHDSSURSULDWH
GXFWNQRFNRXWVIURPWKHWRSRUEDFNRIWKHKRRG
ø´[´5HFWDQJXODU
YHUWLFDOGLVFKDUJH
5HPRYHWRSUHFWDQJXODU
GXFWNQRFNRXWRQO\
)LOWHUV
ø´[´5HFWDQJXODU
KRUL]RQWDOGLVFKDUJH5HPRYH
UHDUUHFWDQJXODUGXFW
NQRFNRXWRQO\
5(029(:,5,1*&29(5
)5207+(-81&7,21%2;
127(,IWKHKRRGLVWREHLQVWDOOHGLQDUHFLUFXODWLQJ
QRQYHQWHGGXFWOHVVPDQQHURUGHUFKDUFRDOILOWHUVNLW
QXPEHU:%;IRU´KRRGPRGHOV7KHVHNLWV
FDQEHRUGHUHGIURP\RXU*(VXSSOLHU6NLSWR6WHS&DQG
SURFHHG
127(,IWKHKRRGLQLQVWDOOHGIRUUHFLUFXODWLRQPRGHLWLV
QRW(1(5*<67$5ŠFHUWLILHG
5HPRYHWKHZLULQJFRYHUIURPLQVLGHWKHKRRG
6HWWKHFRYHUDQGLWVPRXQWLQJVFUHZDVLGH
:LULQJ
FRYHU
0RXQWLQJ
6FUHZ
5(029(:,5,1*.12&.287
5HPRYHHLWKHUWKHWRSRUWKHEDFNZLULQJNQRFNRXWDV
QHHGHGDQGLQVWDOODQDSSURYHGVWUDLQUHOLHIFODPS
6WUDLQUHOLHI
FODPS
,QVWDOODWLRQ,QVWUXFWLRQV
)25ø´[´5(&7$1*/('8&7('
0$5.+2/(6
$WWDFKH[KDXVWDGDSWRUGDPSHURYHUNQRFNRXW
RSHQLQJZLWKWZRH[KDXVWDGDSWRUVFUHZV0DNHVXUH
GDPSHUSLYRWLVQHDUHVWWRWRSEDFNHGJHRIKRRG
5HPRYHWDSHIURPGDPSHUIODS
$2XWVLGHWRSH[KDXVW
9HUWLFDOGXFW²ø´[´5HFWDQJXODU
6HOHFWWKHYHQWRSWLRQWKDW\RXULQVWDOODWLRQZLOOUHTXLUH
DQGSURFHHGWRWKDWVHFWLRQ
',6&+$5*(,167$//$7,216
8SWR´VLGHWR
VLGHDGMXVWPHQW
‡8VHWKHGLDJUDPRUWKHKRRGDVDWHPSODWHDQGPDUN
WKHORFDWLRQVRQWKHFDELQHWIRUGXFWZRUNHOHFWULFDO
ZLULQJDQGNH\KROHVFUHZVORWV
7DSH
+RRGPRXQWLQJVFUHZV
ô´
ô´
&DELQHWIURQW
3LYRW
ô´
&DELQHW%RWWRP
ø´
ø´
7RSEDFNHGJH
([KDXVWDGDSWRUGDPSHU
YHUWLFDOGLVFKDUJHSRVLWLRQ
VKRZQ
9HUWLFDOGXFW
DFFHVVKROH
´
ó´
ø ´
:RRGVKLPV
UHFHVVHGERWWRP ´
FDELQHWVRQO\
127(7KHH[KDXVWDGDSWRUGDPSHUFDQEHLQVWDOOHG
XSWRLQFKRQHLWKHUVLGHRIWKHKRRGFHQWHUWR
DFFRPPRGDWHRIIFHQWHUGXFWZRUN,QH[WUHPHRIIFHQWHU
LQVWDOODWLRQVRQHHQGRIWKHGXFWFRQQHFWRUPD\QHHGWR
EHWULPPHGWRFOHDUWKHHOHFWULFDOFDEOHFODPS
ó´
(OHFWULFDODFFHVV
KROHLQFDELQHW
&HQWHU ERWWRP
OLQH
%2XWVLGHUHDUH[KDXVW
+RUL]RQWDOGXFW²ø´[´5HFWDQJXODU
‡8VHWKHGLDJUDPRUWKHKRRGDVDWHPSODWHDQGPDUN
WKHORFDWLRQVRQWKHFDELQHWIRUGXFWZRUNHOHFWULFDO
ZLULQJDQGNH\KROHVFUHZVORWV
:RRGVKLPVUHFHVVHGERWWRPFDELQHWVRQO\
&DELQHWIURQW ò´
ò´
+RUL]RQWDOGXFW
DFFHVVKROH
ø´
ô´
+RRGPRXQWLQJ
VFUHZV
ó´
&DELQHW
ERWWRP
ø´
ô´
ô´
&HQWHUOLQH
(OHFWULFDO
DFFHVVKROH
LQZDOO
&5HFLUFXODWLQJQRQYHQWHGGXFWOHVV
‡8VHWKHKRRGDVDWHPSODWHDQGPDUNWKHORFDWLRQV
RQWKHFDELQHWIRUWKHHOHFWULFDOZLULQJDQGNH\KROH
VFUHZVORWV
‡6LQFHWKHKRRGLVWREHUHFLUFXODWHGQRWWREHYHQWHG
RXWVLGHGRQRWFXWRXWDQ\YHQWRSHQLQJVLQWKHZDOO
RUFDELQHWERWWRP
,QVWDOODWLRQ,QVWUXFWLRQV
581:,5(6
&+226(9(17,1*237,21
7KHKRRGFDQEHVHWWRYHQWRXWVLGHRUWRUHFLUFXODWHDLU
EDFNLQWRWKHNLWFKHQ
‡ 7RYHQWWRWKHRXWVLGHUHIHUWRVWHSVDQG
‡ 7RUHFLUFXODWHDLULQWRWKHNLWFKHQUHPRYHWZR
VFUHZVVHFXULQJWKHGXFWEORFNRIISODWH'LVFDUG
SODWH5HSODFHWZRVFUHZV
1RWH+RRGLV(1(5*<67$5ŠFHUWLILHGRQO\ZKHQLWYHQWV
DLUWRWKHRXWVLGH
5XQWKHHOHFWULFDOZLUHVWKURXJKWKHZDOORUFDELQHW
DFFRUGLQJWR1DWLRQDO(OHFWULFDO&RGHDQGDSSOLFDEOH
ORFDOFRGHV
127('2127WXUQWKHSRZHURQXQWLOLQVWDOODWLRQLV
FRPSOHWH
6&5(:,13$57:$<
'ULYHDPRXQWLQJVFUHZIURPWKHKDUGZDUHSDFNHW
SDUWZD\LQWRHDFKFHQWHURIWKHQDUURZQHFNRIWKH
NH\KROHVORWVPDUNHGRQWKHFDELQHWERWWRP
)((',1:,5(6
/LIWWKHKRRGLQWRSRVLWLRQDQGIHHGWKHKRXVH
ZLULQJWKURXJKWKHZLULQJNQRFNRXW
)255(&(66('%27720&$%,1(76
6(&85(+22'
21/<
6OLGHWKHKRRGEDFNDJDLQVWWKHZDOO7LJKWHQWKH
PRXQWLQJVFUHZV%HVXUHWKHVFUHZKHDGVDUHLQ
WKHQDUURZQHFNRIWKHNH\KROHVORW
.H\KROH
:RRGVKLPV
‡,IWKHFDELQHWVKDYHIURQWVLGHRUEDFNWULPPDNH
ZRRGVKLPVWKHZLGWKRIWKHWULPDQGDWWDFKWKHPWR
WKHFDELQHWERWWRPUHFHVVRQERWKVLGHV6HH6WHSIRU
PDUNLQJORFDWLRQV
&87+2/(6
&XWKROHVDWPDUNHGORFDWLRQVIRUGXFWDQGHOHFWULFDO
ZLULQJ)RUWKHYHUWLFDOGXFWFXWRXW´H[WUDWRZDUG
WKHIURQWRIWKHFDELQHWVR\RXFDQPRYHWKHGXFW
IUHHO\ZKHQLQVWDOOLQJWKHKRRG,WPD\DOVRHDVH
LQVWDOODWLRQE\FXWWLQJWKHKROH ø´LQVWHDGRI´
,QVWDOODWLRQ,QVWUXFWLRQV
&211(&7'8&7:25.72+22'
)2//2:(/(&75,&$/&2'(
8VHGXFWWDSHWRPDNHMRLQWVVHFXUHDQGDLUWLJKW
1RWH,OOXVWUDWLRQVKRZVUHFWDQJXODUWRURXQGGXFWDGDSWHU
'XFWWDSH
&RPSOHWHWKHHOHFWULFDOZLULQJDFFRUGLQJWR1DWLRQDO
(OHFWULFDO&RGHDQGORFDOFRGHV
127(7KLVKRRGPXVWEHSHUPDQHQWO\JURXQGHG
&RQQHFWKRXVHZLULQJ9$&WRKRRGZLULQJ
&211(&7:,5,1*
&RQQHFWKRXVHEODFNWRKRRGEODFNZLUHKRXVHZKLWH
WRKRRGZKLWHZLUHDQGKRXVHJURXQGWRKRRGJUHHQ
\HOORZZLUH6HFXUHO\WLJKWHQWKHVWUDLQUHOLHIFODPS
RQWRWKHKRXVHZLULQJ
,167$///$036
:$51,1*
Hg /DPSFRQWDLQV0HUFXU\0DQDJHLQDFFRUGZLWK
GLVSRVDOODZV6HHZZZODPSUHF\FOHRUJRU
)RULQVWDOODWLRQKDQGOLQJDQGGLVSRVDOSUHFDXWLRQVUHIHUWR
WKHIOXRUHVFHQWODPSSDFNDJLQJOLWHUDWXUH
5(3/$&(:,5,1*&29(5
:$51,1*
5HSODFHWKHZLULQJFRYHU
„7RUHGXFHWKHULVNRIHOHFWULFVKRFNGRQRWFRQQHFWHOHFWULFDO
SRZHUWRWKHKRRGZLWKRXWERWKODPSVLQSODFH
&$87,21
„'RQRWWRXFKWKHKRRGODPSVZKHQWKH\DUHRQ7KH\PD\
EHKRWHQRXJKWRFDXVHLQMXU\
„7RSUHYHQWLQMXU\IURPEURNHQODPSVKDQGOHODPSVFDUHIXOO\
DQGGRQRWRSHUDWHKRRGZLWKRXWODPSOHQVFRYHUVLQSODFH
7KLVKRRGUHTXLUHVWZR&RPSDFW)OXRUHVFHQW/DPSV&)/
ZLWKD*8EDVHLQFOXGHGPD[LPXPZDWWV
7RFKDQJHWKHODPSV
:KHQLQVWDOOLQJRUUHSODFLQJDODPSPDNHVXUHWKDW
SRZHUWRWKHOLJKWKDVEHHQWXUQHGRII1HYHUDOORZD
ODPSWRFRPHLQWRFRQWDFWZLWKZDWHU
5HPRYHWKHOHQVFRYHUE\VOLGLQJLWLQDKRUL]RQWDOGLUHFWLRQ
DQGSXOOLQJLWGRZQDQGDZD\IURPWKHKRRG
*UDVSWKHODPSE\WKHSODVWLFEDVHSRUWLRQRIWKHODPS
DQGXQVFUHZLW
5HSODFHZLWKHQHUJ\VDYLQJ*(:&RPSDFW)OXRUHVFHQW
/DPSZLWK*8EDVH*(6HUYLFH3DUW:%;
5(3/$&(),/7(56
7KHLQVWDOODWLRQLVFRPSOHWH7XUQRQSRZHUDWVHUYLFH
SDQHODQGWHVWIRUSURSHURSHUDWLRQ
7528%/(6+227,1*&+(&./,67
,IWKHKRRGVHHPVWREHRSHUDWLQJDWKLJKVSHHGZKHQ
WKHFRQWUROLVQRWVHWRQKLJKRULIYHQWLODWLRQVHHPV
LQDGHTXDWHFKHFNWKHIROORZLQJ
‰.QRFNRXWVQRWUHPRYHGIURPKRRG
‰'DPSHUEODGHQRWRSHQLQJ
‰5HGXFHGDLUIORZEHFDXVHWKHGXFWLVWRRVPDOORUWKH
GXFWOHQJWKLVWRRORQJ
‰7KHGXFWLVEORFNHG
‰8QGHUVL]HGRUUHVWULFWLYHZDOORUURRIFDS
%HIRUH\RXFDOOIRUVHUYLFH«
7URXEOHVKRRWLQJ7LSV
6DYHWLPHDQGPRQH\5HYLHZWKHIROORZLQJFKDUWILUVW
DQG\RXPD\QRWQHHGWRFDOOIRUVHUYLFH
3UREOHP
3RVVLEOH&DXVHV
:KDW7R'R
)DQGRHVQRWRSHUDWH
ZKHQWKHVZLWFKLVRQ
$IXVHPD\EHEORZQRUD
FLUFXLWEUHDNHUPD\EHWULSSHG
‡ 5HSODFHIXVHRUUHVHWFLUFXLWEUHDNHU
)DQIDLOVWRFLUFXODWHDLU
RUPRYHVDLUPRUHVORZO\
WKDQQRUPDO
([FHVVLYHO\VRLOHGILOWHU
‡ :DVKDQGUHSODFHWKHILOWHUV6HHWKH5HXVDEOH
0HWDO*UHDVH)LOWHUVVHFWLRQ
‡ 5HSODFHWKHILOWHULILWLVWRRVRLOHGWRFOHDQ,ILW
LVQRWVRLOHGRULIUHSODFLQJWKHILOWHUGRHVQRW
VROYHWKHSUREOHPFDOOIRUVHUYLFH
)DQFRQWLQXDOO\F\FOHV
RIIDQGRQ
7KHPRWRULVSUREDEO\
RYHUKHDWLQJDQGWXUQLQJLWVHOI
RII7KLVFDQEHKDUPIXOWR
WKHPRWRU)LOWHUPD\EH
H[FHVVLYHO\VRLOHG
‡ 5HSODFHWKHILOWHULILWLVVRLOHG,ILWLVQRWVRLOHG
RULIUHSODFLQJWKHILOWHUGRHVQRWVROYHWKHSUREOHP
FDOOIRUVHUYLFH
&RPSDFW)OXRUHQVFHQW
/DPSDSSHDUVGLP
RQVWDUWXS
7KLVLVQRUPDOIRU&RPSDFW
)OXRUHVFHQW/DPSVHVSHFLDOO\
RQILUVWLQVWDOODWLRQ
‡ $OORZODPSWRUXQIRUVHYHUDOPLQXWHV,IWKLVZDUPXS
WLPHGRHVQRWVROYHWKHSUREOHPUHSODFHWKHODPS
&RPSDFW)OXRUHVFHQW
/DPSEULHIO\
IOLFNHUVRQVWDUWXS
7KLVLVQRUPDOIRU&RPSDFW
)OXRUHVFHQW/DPSV
HVSHFLDOO\RQILUVWLQVWDOODWLRQ
‡ $OORZODPSWRUXQIRUVHYHUDOPLQXWHV
,IWKLVZDUPXSWLPHGRHVQRWVROYHWKHSUREOHP
UHSODFHWKHODPS
$IWHUUHSODFLQJRQH
ODPSWKHQHZODPS
DSSHDUVWREHD
GLIIHUHQWFRORU
7KHUHSODFHPHQWODPSPD\
KDYHDGLIIHUHQWFRORU
WHPSHUDWXUHUDWLQJLHLV
.LQVWHDGRI.
‡ 8VHD*(:*8EDVHODPSZLWKD.UDWLQJ
*(6HUYLFH3DUWQXPEHU:%;
7KHUHSODFHPHQWODPSPD\
EHIURPDGLIIHUHQW
PDQXIDFWXUHU
‡ 8VHD*(:*8EDVHODPSZLWKD*(6HUYLFH3DUW
QXPEHU:%;
*(5DQJH+RRG:DUUDQW\
$OOZDUUDQW\VHUYLFHSURYLGHGE\RXU)DFWRU\6HUYLFH&HQWHUV
RUDQDXWKRUL]HG&XVWRPHU&DUHŠWHFKQLFLDQ7RVFKHGXOHVHUYLFH
RQOLQHYLVLWXVDW*($SSOLDQFHVFRPRUFDOO*(&$5(6
3OHDVHKDYHVHULDOQXPEHUDQGPRGHOQXPEHU
DYDLODEOHZKHQFDOOLQJIRUVHUYLFH
6WDSOH\RXUUHFHLSWKHUH
3URRIRIWKHRULJLQDOSXUFKDVH
GDWHLVQHHGHGWRREWDLQVHUYLFH
XQGHUWKHZDUUDQW\
)RU7KH3HULRG2I *(:LOO5HSODFH
2QH<HDU
)URPWKHGDWHRIWKH
RULJLQDOSXUFKDVH
$Q\SDUWRIWKHUDQJHKRRGZKLFKIDLOVGXHWRDGHIHFWLQPDWHULDOVRUZRUNPDQVKLS
'XULQJWKLVOLPLWHGRQH\HDUZDUUDQW\*(ZLOODOVRSURYLGHIUHHRIFKDUJHDOOODERUDQG
LQKRPHVHUYLFHWRUHSODFHWKHGHIHFWLYHSDUW
:KDW*(:LOO1RW&RYHU
„6HUYLFHWULSVWR\RXUKRPHWRWHDFK\RXKRZWRXVH
WKHSURGXFW
„'DPDJHWRWKHSURGXFWFDXVHGE\DFFLGHQWILUHIORRGV
RUDFWVRI*RG
„,PSURSHULQVWDOODWLRQGHOLYHU\RUPDLQWHQDQFH
„,QFLGHQWDORUFRQVHTXHQWLDOGDPDJHFDXVHGE\SRVVLEOH
GHIHFWVZLWKWKLVDSSOLDQFH
„3URGXFWGDPDJHRUIDLOXUHRIWKHSURGXFWLILWLVDEXVHG
PLVXVHGPRGLILHGXVHGIRURWKHUWKDQWKHLQWHQGHG
SXUSRVHRUXVHGFRPPHUFLDOO\
„'DPDJHFDXVHGDIWHUGHOLYHU\
„3URGXFWQRWDFFHVVLEOHWRSURYLGHUHTXLUHGVHUYLFH
„5HSODFHPHQWRIKRXVHIXVHVRUUHVHWWLQJRIFLUFXLWEUHDNHUV
(;&/86,212),03/,(':$55$17,(6³<RXUVROHDQGH[FOXVLYHUHPHG\LVSURGXFWUHSDLUDVSURYLGHG
LQWKLV/LPLWHG:DUUDQW\$Q\LPSOLHGZDUUDQWLHVLQFOXGLQJWKHLPSOLHGZDUUDQWLHVRIPHUFKDQWDELOLW\
RUILWQHVVIRUDSDUWLFXODUSXUSRVHDUHOLPLWHGWRRQH\HDURUWKHVKRUWHVWSHULRGDOORZHGE\ODZ
7KLVZDUUDQW\LVH[WHQGHGWRWKHRULJLQDOSXUFKDVHUDQGDQ\VXFFHHGLQJRZQHUIRUSURGXFWVSXUFKDVHGIRUKRPH
XVHZLWKLQWKH86$,IWKHSURGXFWLVORFDWHGLQDQDUHDZKHUHVHUYLFHE\D*($XWKRUL]HG6HUYLFHULVQRWDYDLODEOH\RX
PD\EHUHVSRQVLEOHIRUDWULSFKDUJHRU\RXPD\EHUHTXLUHGWREULQJWKHSURGXFWWRDQ$XWKRUL]HG*(6HUYLFH/RFDWLRQIRU
VHUYLFH,Q$ODVNDWKHZDUUDQW\H[FOXGHVWKHFRVWRIVKLSSLQJRUVHUYLFHFDOOVWR\RXUKRPH
6RPHVWDWHVGRQRWDOORZWKHH[FOXVLRQRUOLPLWDWLRQRILQFLGHQWDORUFRQVHTXHQWLDOGDPDJHV7KLVZDUUDQW\JLYHV
\RXVSHFLILFOHJDOULJKWVDQG\RXPD\DOVRKDYHRWKHUULJKWVZKLFKYDU\IURPVWDWHWRVWDWH7RNQRZZKDW\RXU
OHJDOULJKWVDUHFRQVXOW\RXUORFDORUVWDWHFRQVXPHUDIIDLUVRIILFHRU\RXUVWDWH·V$WWRUQH\*HQHUDO
:DUUDQWRU*HQHUDO(OHFWULF&RPSDQ\/RXLVYLOOH.<
&RQVXPHU6XSSRUW
*($SSOLDQFHV:HEVLWH
*($SSOLDQFHVFRP
+DYHDTXHVWLRQRUQHHGDVVLVWDQFHZLWK\RXUDSSOLDQFH"7U\WKH*($SSOLDQFHV:HEVLWHKRXUVDGD\
DQ\GD\RIWKH\HDU)RUJUHDWHUFRQYHQLHQFHDQGIDVWHUVHUYLFH\RXFDQQRZGRZQORDG2ZQHU·V0DQXDOV
RUGHUSDUWVRUHYHQVFKHGXOHVHUYLFHRQOLQH
6FKHGXOH6HUYLFH
*($SSOLDQFHVFRP
([SHUW*(UHSDLUVHUYLFHLVRQO\RQHVWHSDZD\IURP\RXUGRRU*HWRQOLQHDQGVFKHGXOH\RXUVHUYLFHDW
\RXUFRQYHQLHQFHDQ\GD\RIWKH\HDU2UFDOO*(&$5(6GXULQJQRUPDOEXVLQHVVKRXUV
5HDO/LIH'HVLJQ6WXGLR
*($SSOLDQFHVFRP
*(VXSSRUWVWKH8QLYHUVDO'HVLJQFRQFHSWSURGXFWVVHUYLFHVDQGHQYLURQPHQWVWKDWFDQEHXVHGE\
SHRSOHRIDOODJHVVL]HVDQGFDSDELOLWLHV:HUHFRJQL]HWKHQHHGWRGHVLJQIRUDZLGHUDQJHRISK\VLFDODQG
PHQWDODELOLWLHVDQGLPSDLUPHQWV)RUGHWDLOVRI*(·V8QLYHUVDO'HVLJQDSSOLFDWLRQVLQFOXGLQJNLWFKHQGHVLJQ
LGHDVIRUSHRSOHZLWKGLVDELOLWLHVFKHFNRXWRXU:HEVLWHWRGD\)RUWKHKHDULQJLPSDLUHGSOHDVHFDOO7''
*($&
([WHQGHG:DUUDQWLHV
*($SSOLDQFHVFRP
3XUFKDVHD*(H[WHQGHGZDUUDQW\DQGOHDUQDERXWVSHFLDOGLVFRXQWVWKDWDUHDYDLODEOHZKLOH\RXUZDUUDQW\
LVVWLOOLQHIIHFW<RXFDQSXUFKDVHLWRQOLQHDQ\WLPHRUFDOOGXULQJQRUPDOEXVLQHVVKRXUV
*(&RQVXPHU+RPH6HUYLFHVZLOOVWLOOEHWKHUHDIWHU\RXUZDUUDQW\H[SLUHV
3DUWVDQG$FFHVVRULHV
*($SSOLDQFHVFRP
,QGLYLGXDOVTXDOLILHGWRVHUYLFHWKHLURZQDSSOLDQFHVFDQKDYHSDUWVRUDFFHVVRULHVVHQWGLUHFWO\WRWKHLUKRPHV
9,6$0DVWHU&DUGDQG'LVFRYHUFDUGVDUHDFFHSWHG2UGHURQOLQHWRGD\KRXUVHYHU\GD\RU
E\SKRQHDWGXULQJQRUPDOEXVLQHVVKRXUV
,QVWUXFWLRQVFRQWDLQHGLQWKLVPDQXDOFRYHUSURFHGXUHVWREHSHUIRUPHGE\DQ\XVHU2WKHUVHUYLFLQJ
JHQHUDOO\VKRXOGEHUHIHUUHGWRTXDOLILHGVHUYLFHSHUVRQQHO&DXWLRQPXVWEHH[HUFLVHGVLQFHLPSURSHU
VHUYLFLQJPD\FDXVHXQVDIHRSHUDWLRQ
&RQWDFW8V *($SSOLDQFHVFRP
,I\RXDUHQRWVDWLVILHGZLWKWKHVHUYLFH\RXUHFHLYHIURP*(FRQWDFWXVRQRXU:HEVLWHZLWKDOOWKHGHWDLOV
LQFOXGLQJ\RXUSKRQHQXPEHURUZULWHWR *HQHUDO0DQDJHU&XVWRPHU5HODWLRQV
*($SSOLDQFHV$SSOLDQFH3DUN
/RXLVYLOOH.<
5HJLVWHU<RXU$SSOLDQFH
*($SSOLDQFHVFRP
5HJLVWHU\RXUQHZDSSOLDQFHRQOLQH³DW\RXUFRQYHQLHQFH7LPHO\SURGXFWUHJLVWUDWLRQZLOODOORZIRU
HQKDQFHGFRPPXQLFDWLRQDQGSURPSWVHUYLFHXQGHUWKHWHUPVRI\RXUZDUUDQW\VKRXOGWKHQHHGDULVH
<RXPD\DOVRPDLOLQWKHSUHSULQWHGUHJLVWUDWLRQFDUGLQFOXGHGLQWKHSDFNLQJPDWHULDO
con ventilación
Campanas de estufas
GEAppliances.com
Impreso en China
Información de seguridad. . . 2
Instrucciones de operación /
Cuidado y limpieza
Controles de ventilación. . . . . . . . . . .
Filtros de carbón. . . . . . . . . . . . . . . . . .
Filtros para la grasa. . . . . . . . . . . . . . .
Luces de la campana . . . . . . . . . . . . .
Superficies de .
acero inoxidable. . . . . . . . . . . . . . . . . .
Superficies de la campana . . . . . . . .
3
4
3
4
Manual del propietario
e instrucciones
de instalación
JVE40
4
4
Instrucciones
de instalación. . . . . . . . . . . . . . 5–12
Solucionar problemas . . . . . . . 13
Soporte al consumidor
Soporte al consumidor. . . . . . . . . . . 16
Garantía. . . . . . . . . . . . . . . . . . . . . . . . 15
*Producto rotulado como Energy Star®
Como un socio de Energy Star®,
GE ha determinado que este
producto cumple con las normas
de Energy Star® para un uso
eficiente de la energía.
Escriba el modelo y número de
serie aquí:
Número de modelo____________
Número de serie______________
Estos números se encuentran en una
etiqueta en la pared posterior de la
campana.
49-80622-1
08-11 GE
,16758&&,21(6'(6(*85,'$',03257$17(6
/($72'$6/$6,16758&&,21(6$17(6'(86$5
35(&$8&,21(6'(6(*85,'$'
$'9(57(1&,$²3$5$5('8&,5
(/5,(6*2'(,1&(1',26'(6&$5*$6(/e&75,&$6
2/(6,21(63(5621$/(62%6(59(/26,*8,(17(
$ 8VHHVWHXQLGDGVRODPHQWHGHODPDQHUDTXHHOIDEULFDQWHORLQGLTXH
6LXVWHGWLHQHSUHJXQWDVSyQJDVHHQFRQWDFWRFRQHOIDEULFDQWH
% $QWHVGHSURSRUFLRQDUVHUYLFLRRGHOLPSLDUODXQLGDGGHVFRQHFWHHO
VXPLQLVWURHOpFWULFRHQHOSDQHOGHVHUYLFLR\FLHUUHHOPHFDQLVPRGH
VHJXULGDGSDUDHYLWDUTXHDOJXLHQORFRQHFWHDFFLGHQWDOPHQWH&XDQGR
QRH[LVWDXQGLVSRVLWLYRGHFLHUUHGHVHJXULGDGDPDUUHXQDYLVRYLVLEOH
FRPRXQDHWLTXHWDDOSDQHOGHVHUYLFLRKDFLHQGRODDGYHUWHQFLD
& 1RXVHHVWDXQLGDGFRQQLQJ~QGLVSRVLWLYRGHFRQWUROGHYHORFLGDGGH
HVWDGRVyOLGR
' (VWDXQLGDGGHEHHVWDUFRQHFWDGDDWLHUUD
35(&$8&,Ï1²
3DUDXVRGHYHQWLODFLyQJHQHUDO
VRODPHQWH1RXVHSDUDH[SXOVDUPDWHULDOHVSHOLJURVRVRH[SORVLYRV
\YDSRUHV
$'9(57(1&,$²
3$5$5('8&,5
(/5,(6*2'(/(6,21(63(5621$/(6(1(/&$62'(81
,1&(1',2'(%,'2$*5$6$'((678)$48(0$'$+$*$/2
6,*8,(17(
$ &217(1*$/$6//$0$6FRQXQDWDSDTXHDMXVWHELHQVREUHODVDUWpQ
FRQXQDOiPLQDSDUDKDFHUGXOFHVRFRQXQDEDQGHMDPHWiOLFD\OXHJR
DSDJXHHOTXHPDGRU7(1*$&8,'$'2'(1248(0$56(
6LODVOODPDVQRVHDSDJDQLQPHGLDWDPHQWH(9$&8((//8*$5<
//$0($/'(3$57$0(172'(%20%(526
% 181&$$*$55(81$6$57e1281$2//$48(6((1&8(175((1
//$0$6³6HSRGUtDTXHPDU
& 1286($*8$LQFOX\HQGRSDxRVGHFRFLQDRWRDOODVKXPHGHFLGDV³
HVWRKDUiTXHRFXUUDXQDH[SORVLyQGHYDSRUYLROHQWD
' 8VHXQH[WLQWRU62/$0(17(VL
8VWHGVDEHTXHWLHQHXQH[WLQWRU&ODVH$%&\VLXVWHG\DVDEH
FyPRRSHUDUOR
(OIXHJRHVSHTXHxR\HVWiFRQWHQLGRDOiUHDGRQGHFRPHQ]y
(OGHSDUWDPHQWRGHERPEHURVKDVLGROODPDGR
8VWHGHVWiOXFKDQGRFRQWUDODVOODPDVFRQVXVHVSDOGDVKDFLDXQD
VDOLGD
%DVDGRHQ´.LWFKHQ)LUH6DIHW\µSXEOLFDGRSRU1)3$
$'9(57(1&,$²
3$5$5('8&,5
(/5,(6*2'(81)8(*2'(*5$6$'((678)$
$ 1XQFDGHMHXQLGDGHVGHVXSHUILFLHVVLQODDWHQFLyQGHELGDHQ
VHOHFFLRQHVDOWDV&XDQGRVHHVWiKLUYLHQGRDOJR\RFXUUHQ
GHUUDPDPLHQWRVHVWRVSRGUtDQFDXVDUKXPR\TXHORV
GHUUDPDPLHQWRVJUDVRVRVVHLQFHQGLHQ&DOLHQWHORVDFHLWHV
OHQWDPHQWHDVHOHFFLRQHVPHGLDV\EDMDV
% 6LHPSUHHQFLHQGDODFDPSDQDFXDQGRFRFLQHDIXHJRDOWRRFXDQGR
IODPEHHDOLPHQWRV&UHSHV6X]HWWH&KHUULHV-XELOHH)ODPEHDGRGH
&DUQHFRQ3LPLHQWD
& /LPSLHHOYHQWLODGRUFRQIUHFXHQFLD/DJUDVDQRGHEHDFXPXODUVHHQHO
YHQWLODGRURHQHOILOWUR
' 8VHXQDVDUWpQGHWDPDxRDSURSLDGR6LHPSUHXVHSLH]DVGHFRFLQD
DSURSLDGDVSDUDHOWDPDxRGHOHOHPHQWRGHODVXSHUILFLH
$'9(57(1&,$²
3$5$5('8&,5(/5,(6*2'(
,1&(1',26'(6&$5*$6(/e&75,&$62/(6,21(63(5621$/(6
2%6(59(/26,*8,(17(
$ (OWUDEDMRGHLQVWDODFLyQ\HODODPEUDGRHOpFWULFRGHEHKDFHUORXQD
SHUVRQDVFDOLILFDGDFRQIRUPHDWRGRV
ORVFyGLJRV\HVWiQGDUHVDSOLFDEOHVLQFOX\HQGRXQDFRQVWUXFFLyQ
DSUREDGDSRUHOLQVSHFWRUGHLQFHQGLRV
% 6XILFLHQWHDLUHHVQHFHVDULRSDUDXQDFRPEXVWLyQDSURSLDGD\SDUD
GHVKDFHUVHGHORVJDVHVDWUDYpVGHXQDVDOLGDGHKXPRFKLPHQHD
GHHTXLSRVTXHTXHPDQFRPEXVWLEOHVSDUDSUHYHQLUUHWURDOLPHQWDFLyQ
6LJDODVUHFRPHQGDFLRQHVGHOIDEULFDQWHGHOHTXLSRGHFDOHQWDPLHQWR
\ORVHVWiQGDUHVGHVHJXULGDGWDOHVFRPRORVSXEOLFDGRVSRUOD
$VRFLDFLyQQDFLRQDOGHSURWHFFLyQGHLQFHQGLRV1)3$\OD6RFLHGDG
DPHULFDQDGHLQJHQLHURVGHFDOHIDFFLyQDFRQGLFLRQDGRUHVGHDLUH\
UHIULJHUDFLyQ$6+5$(\ORVFyGLJRVGHODVDXWRULGDGHVORFDOHV
& &XDQGRVHHQFXHQWUHFRUWDQGRRWDODGUDQGRHQODSDUHGRHQHOWHFKR
QRGDxHORVDODPEUDGRVHOpFWULFRVXRWUDVXWLOLGDGHVHVFRQGLGDV
' /RVYHQWLODGRUHVFRQFRQGXFWRVGHEHQHVWDUVLHPSUHYHQWLODGRVKDFLD
HOH[WHULRU
$'9(57(1&,$²
3$5$5('8&,5(/5,(6*2
'(,1&(1',2<3$5$48((/$,5(6(9(17,/('(0$1(5$
$'(&8$'$$6(*Ò5(6('(48((/$,5(6$/*$$/(;7(5,25³12
9(17,/($,5('((6&$3((1(63$&,26'(1752'(3$5('(6
2&,(/255$6262'(1752'(È7,&26+8(&266$1,7$5,262
*$5$-(6
$'9(57(1&,$²
3$5$5('8&,5(/5,(6*2'(
,1&(1',2662/$0(17(86(&21'8&7260(7È/,&26
„1RLQWHQWHUHSDUDURUHHPSOD]DUQLQJXQDSDUWHGHVXHVWXIDGH
YHQWLODFLyQGHDLUHGHVFHQGHQWHGRZQGUDIWDQRVHUTXHORUHFRPLHQGH
HVSHFtILFDPHQWHHVWHPDQXDO&XDOTXLHURWURVHUYLFLRGHEHVHUUHIHULGRD
XQWpFQLFRFDOLILFDGR
/($<6,*$(67$,1)250$&,Ï1'(6(*85,'$'&8,'$'26$0(17(
*8$5'((67$6,16758&&,21(6
8VRGHORVFRQWUROHVGHODFDPSDQD
*($SSOLDQFHVFRP
$ORODUJRGHHVWHPDQXDOODVIXQFLRQHV\HODVSHFWRSXHGHQVHUGLIHUHQWHVDORVGHVXPRGHOR
&RQWUROHVLQWHUUXSWRUHVGHSUHVLyQHQDOJXQRVPRGHORV
HI
FAN
OFF
LO
&RQWUROGHO9(17,/$'25
3UHVLRQHHOLQWHUUXSWRUHQODSDUWHVXSHULRUSDUDHQFHQGHUHO
YHQWLODGRUHQODYHORFLGDGDOWD+,\HQODSDUWHLQIHULRUSDUD
UHGXFLUORDEDMR/2:(QODSRVLFLyQFHQWUDOTXHGDDSDJDGR
2))
(OXVRFRQWLQXRGHOVLVWHPDGHYHQWLODFLyQPLHQWUDVFRFLQD
D\XGDDPDQWHQHUODFRFLQDDJXVWR\PHQRVK~PHGD7DPELpQ
UHGXFHORVRORUHVGHFRFFLyQ\ODKXPHGDGTXHSURGXFH
PDQFKDV\FUHDQXQDQHFHVLGDGIUHFXHQWHGHOLPSLH]D
OFF
LIGHT
ON
&RQWUROGHOD/8=
3UHVLRQHHOLQWHUUXSWRUHQODSDUWHVXSHULRUSDUDHQFHQGHUODOX]
21PLHQWUDVHVWiFRFLQDQGR3UHVLRQHHOLQWHUUXSWRUHQODSDUWH
GHDEDMRSDUDXVDUFRPROX]SRUODQRFKH
/DSRVLFLyQFHQWUDOLQGLFDTXHHVWiDSDJDGD2))
&XLGDGR\OLPSLH]DGHODFDPSDQDGHYHQWLODFLyQ
&HUFLyUHVHGHTXHODFRUULHQWHHOpFWULFDHVWpDSDJDGD\WRGDVODVVXSHUILFLHVHVWpQIUtDVDQWHVGHOLPSLDUR
UHDOL]DUPDQWHQLPLHQWRDFXDOTXLHUSDUWHGHODFDPSDQDGHYHQWLODFLyQ
)LOWURVPHWiOLFRVUHXWLOL]DEOHVSDUDODJUDVD
/DFDPSDQDWLHQHGRVILOWURVPHWiOLFRV
UHXWLOL]DEOHV
%ORTXHRGH
ORVILOWURV
6LIXHVHQHFHVDULRUHHPSOD]DUORVILOWURV
PHWiOLFRVSDUDODJUDVDORVSXHGH
RUGHQDUDWUDYpVGHVXSURYHHGRU*(
3DUDOLPSLDUORVILOWURVSDUDODJUDVD
UHPyMHORV\OXHJRDJtWHORVHQDJXD
FDOLHQWH\GHWHUJHQWH1RXVHDPRQLDFR
/RVILOWURVPHWiOLFRVDWUDSDQODJUDVDTXH
RSURGXFWRVEDVDGRVHQDPRQLDFR
OLEHUDQORVDOLPHQWRVHQODVXSHUILFLHGH
\DTXHRVFXUHFHUiQHOPHWDO1RXVH
ODHVWXID7DPELpQD\XGDQDHYLWDUTXH
DEUDVLYRVROLPSLDGRUHVGHKRUQR6H
ORVDOLPHQWRVHQOODPDVTXHHVWiQHQOD
SXHGHQFHSLOODUOLJHUDPHQWHSDUDUHWLUDU
VXSHUILFLHGHODHVWXIDGDxHQHQLQWHULRU
ODVXFLHGDGLQFUXVWDGD(QMXDJXHDJLWH
GHODFDPSDQD
\GHMHVHFDUDQWHVGHUHHPSOD]DU
7DPELpQVHSXHGHQOLPSLDUHQOD
3RUHVWDUD]yQORVILOWURV6,(035(
ODYDGRUDGHSODWRVDXWRPiWLFD
GHEHQHVWDUHQVXOXJDUFXDQGRVHXVD
ODFDPSDQD/RVILOWURVSDUDODJUDVDVH
127$$QWHVGHOLPSLDUFHUFLyUHVHGH
GHEHQOLPSLDUXQDYH]DOPHVRVHJ~Q
TXHORVILOWURVGHFDUEyQVLORVKD\VH
VHDQHFHVDULR
GHVSUHQGDQ\UHWLUHQ&RQVXOWHODVHFFLyQ
3DUDUHWLUDUORVSUHVLRQHORVEORTXHRVGHO )LOWURVGHFDUEyQ
ILOWURKDFLDDWUiV\KDOHORVILOWURVKDFLD
DEDMR\KDFLDIXHUD
3DUDUHHPSOD]DUORVLQVHUWHODVSHVWDxDV
SRVWHULRUHVGHOILOWURHQODVUDQXUDV
GHOPDUFRHQODSDUWHSRVWHULRUGHOD
DEHUWXUD3UHVLRQHORVILOWURVKDFLDDUULED
\DM~VWHORVHQVXOXJDU
&XLGDGR\OLPSLH]DGHODFDPSDQDGHYHQWLODFLyQ
)LOWURVGHFDUEyQHQDOJXQRVPRGHORV
/RVILOWURVGHFDUEyQHVWiQXQLGRV
DOLQWHULRUGHFDGDILOWURPHWiOLFR
SDUDODJUDVD
/RVILOWURVGHFDUEyQ
QRVHSXHGHQOLPSLDU
VLQRTXHVHGHEHQ
UHHPSOD]DU
2UGHQHHONLW1R
:%;
(VWRVNLWVVHSXHGHQ
RUGHQDUDWUDYpVGHVX
SURYHHGRU*(
127$/RVILOWURVGHFDUEyQ
QRHVWiQLQFOXLGRVFRQ
ODFDPSDQD'HEHQVHU
RUGHQDGRVGHVXVXSOLGRU*(
6LHOPRGHORQRWLHQH
YHQWLODFLyQKDFLDHOH[WHULRUHO
DLUHVHUHFLUFXODDWUDYpVGHORV
ILOWURVGHFDUEyQGHVHFKDEOHV
TXHD\XGDQDHYLWDUHOKXPR\
ORVRORUHV
/RVILOWURVGHFDUEyQVH
GHEHQUHHPSOD]DUFXDQGR
HVWpQREYLDPHQWHVXFLRVR
GHVFRORULGRVSRUORJHQHUDO
GHVSXpVGHDPHVHV
GHSHQGLHQGRGHOXVRGHOD
FDPSDQD
127$12HQMXDJXHRODYH
ORVILOWURVGHFDUEyQHQXQ
ODYDSODWRVDXWRPiWLFR
1RWD6LODFDPSDQDVHLQVWD
ODHQPRGRGHUHFLUFXODFLyQ
QRVHHQFXHQWUDFHUWLILFDGD
SRU(1(5*<67$5Š
6XSHUILFLHVSLQWDGDVHQDOJXQRVPRGHORV
3DUDOLPSLDUODVXSHUILFLHGHODFDPSDQDXVH
XQSDxRKXPHGHFLGRFRQDJXDFDOLHQWH\
GHWHUJHQWHVXDYHDGHFXDGRSDUDVXSHUILFLHV
SLQWDGDV8VHXQSDxROLPSLRKXPHGHFLGR
FRQDJXDFDOLHQWHSDUDUHWLUDUHOMDEyQ6HTXH
FRQXQSDxROLPSLR\VHFR
1RXVHHVSRQMLOODVXRWURVOLPSLDGRUHV
DEUDVLYRV\DTXHSXHGHQUD\DUODVXSHUILFLH
/LPSLHFRQXQSDxROLPSLRKXPHGHFLGRFRQ
DJXDFDOLHQWHGHVSXpVGHXVDUOLPSLDGRUHV
6XSHUILFLHVGHDFHURLQR[LGDEOHHQDOJXQRVPRGHORV
1RXWLOLFHDOPRKDGLOODVGHODQDGHDFHUR
\DTXHUD\DUiODVXSHUILFLH
3DUDOLPSLDUODVXSHUILFLHGHDFHUR
LQR[LGDEOHXWLOLFHDJXDMDERQRVDRX
OLPSLDGRURSRPDGDSDUDDFHURLQR[LGDEOH
6LHPSUHOLPSLHODVXSHUILFLHHQODGLUHFFLyQ
GHOJUDQR6LJDODVLQVWUXFFLRQHVGHO
SURGXFWROLPSLDGRUDOOLPSLDUODVXSHUILFLHGH
DFHURLQR[LGDEOH
6LWLHQHSUHJXQWDVVREUHODFRPSUDGH
XQOLPSLDGRURSRPDGDOLPSLDGRUDGH
HOHFWURGRPpVWLFRVGHDFHURLQR[LGDEOHR
SDUDDYHULJXDUODGLUHFFLyQGHOGLVWULEXLGRU
PiVFHUFDQRSRUIDYRUOODPHDOVLJXLHQWH
Q~PHURWHOHIyQLFRJUDWXLWR
&HQWURQDFLRQDOGHSLH]DV *($SSOLDQFHVFRP
/XFHVGHODFDPSDQD
$'9(57(1&,$
Hg /DOiPSDUDFRQWLHQHPHUFXULR
0DQHMHGHDFXHUGRFRQODVOH\HVGH
HOLPLQDFLyQ9HUZZZODPSUHF\FOHRUJR
3DUDSUHFDXFLRQHVVREUHLQVWDODFLyQ
PDQLSXODFLyQ\HOLPLQDFLyQFRQVXOWHOD
LQIRUPDFLyQGHHPSDTXHGHODOiPSDUD
IOXRUHVFHQWH
$'9(57(1&,$
„3DUDUHGXFLUHOULHVJRGHXQDGHVFDUJD
HOpFWULFDQRFRQHFWHODHQHUJtDHOpFWULFD
KDFLDODFDPSDQDVLQDPEDVOiPSDUDVHQ
VXOXJDU
35(&$8&,Ï1
„1RWRTXHODVOiPSDUDVGHODFDPSDQD
FXDQGRVHHQFXHQWUHQHQFHQGLGDV
3XHGHQHVWDUORVXILFLHQWHPHQWHFDOLHQWHV
FRPRSDUDSURYRFDUOHVLRQHV
„3DUDHYLWDUOHVLRQHVSURYRFDGDVSRU
OiPSDUDVURWDVPDQLS~OHODVFRQFXLGDGR
\QRRSHUHODFDPSDQDVLQODVFXELHUWDVGH
ODVOiPSDUDVHQVXOXJDU
(VWDFDPSDQDUHTXLHUHGRVOiPSDUDV
IOXRUHVFHQWHVFRPSDFWDV&)/FRQXQDEDVH
*8LQFOXLGDGHYDWLRVFRPRPi[LPR
3DUDFDPELDUODVOiPSDUDV
&XDQGRLQVWDOHRUHHPSODFHXQD
OiPSDUDDVHJ~UHVHGHTXHODHQHUJtD
GLULJLGDKDFLDODOX]VHKD\DDSDJDGR
1XQFDSHUPLWDTXHXQDOiPSDUDHQWUH
HQFRQWDFWRFRQDJXD
4XLWHODFXELHUWDGHODOiPSDUD
GHVOL]iQGRODXQVHQWLGRKRUL]RQWDO\
MDOiQGRODKDFLDDEDMR\HQVHQWLGR
FRQWUDULRGHODFDPSDQD
7RPHODOiPSDUDGHODSRUFLyQSOiVWLFDGH
ODEDVHGHODOiPSDUD\GHVHQUyVTXHOD
&RORTXHXQDOiPSDUDIOXRUHVFHQWH
FRPSDFWD*(:GHEDMRFRQVXPRFRQ
ODSLH]DGHVHUYLFLR*(SDUDEDVH*8
:%;
,QVWUXFFLRQHV
GHLQVWDODFLyQ
&DPSDQD
SDUDHVWXID
3UHJXQWDV"/ODPHDO*(&$5(6R9LVLWHQXHVWURVLWLR:HE*($SSOLDQFHVFRP
$17(6'((03(=$5
5(48,6,7263$5$/$,167$/$&,Ï1
'(/26'8&726
/HDHVWDVLQVWUXFFLRQHVFRPSOHWD\FXLGDGRVDPHQWH
,03257$17(²*XDUGHHVWDV
LQVWUXFFLRQHVSDUDXVRGHOLQVSHFWRUORFDO
‡ ,03257$17(²2EVHUYHWRGRV
127$/HDODVVHFFLRQHVGHODLQVWDODFLyQGHORVGXFWRV~QLFDPHQWH
VLQRWLHQHXQDLQVWDODFLyQGHGXFWRVH[LVWHQWH6LWLHQHXQD
LQVWDODFLyQGHGXFWRVH[LVWHQWHVLJDFRQODVHFFLyQ´'DxRVµ
‡
(OVLVWHPDGHYHQWLODFLyQGHEHWHQHUVDOLGDDOH[WHULRU
(VWDFDPSDQDVHSXHGHYHQWLODUYHUWLFDOPHQWHDWUDYpVGH
ORVJDELQHWHVVXSHULRUHVXKRUL]RQWDOPHQWHDWUDYpVGHXQD
SDUHGH[WHULRU/DLQVWDODFLyQGHORVGXFWRVQRHVWiLQFOXLGD
ORVFyGLJRV\RUGHQDQ]DVYLJHQWHV
‡ 1RWDSDUDHOLQVWDODGRU²&HUFLyUHVHGHGHMDU
HVWDVLQVWUXFFLRQHVHQSRGHUGHOFRQVXPLGRU
‡ 1RWDSDUDHOFRQVXPLGRU²0DQWHQJDHVWDV
LQVWUXFFLRQHVSDUDUHIHUHQFLDIXWXUD
‡ 1LYHOGHGHVWUH]DV²/DLQVWDODFLyQGHHVWHDSDUDWR
UHTXLHUHGHGHVWUH]DVPHFiQLFDV\HOpFWULFDVEiVLFDV
‡ 7LHPSRSDUDODLQVWDODFLyQ²DKRUDV
‡ /DLQVWDODFLyQFRUUHFWDHVUHVSRQVDELOLGDGGHO
LQVWDODGRU
‡ /DIDOODGHOSURGXFWRGHELGRDXQDLQVWDODFLyQ
LQFRUUHFWDQRHVWiFXELHUWDSRUODJDUDQWtD
‡ 8VHVRODPHQWHFRQHONLWGHFDEOHDSUREDGR-;+&
&RQH[LyQGHOHVFDSH
(OHVFDSHGHODFDPSDQDHVWiGLVHxDGRSDUDDFRSODUVH
FRQGXFWRVHVWiQGDUUHFWDQJXODUHVGHøļ[ļRGXFWRV
FLUFXODUHVGHļGHGLiPHWUR
6LVHUHTXLHUHGHXQGXFWRFLUFXODUGHļVHGHEHXVDUXQ
DGDSWDGRUGHWUDQVLFLyQUHFWDQJXODUDFLUFXODU1RXVHXQ
GXFWRFRQGLiPHWURLQIHULRUDļ
/RQJLWXGPi[LPDGHOGXFWR
3DUDXQPRYLPLHQWRVDWLVIDFWRULRGHODLUHODORQJLWXGWRWDOGH
XQGXFWRUHFWDQJXODUGHøļ[ļFLUFXODUGHļGHGLiPHWUR
QRGHEHVXSHUDUHOHTXLYDOHQWHDSLHV
127$(VLPSRUWDQWHTXHORVGXFWRVVHLQVWDOHQXVDQGRODUXWD
PiVGLUHFWD\FRQHOPHQRUQ~PHURSRVLEOHGHFRGRV(VWR
JDUDQWL]DXQDYHQWLODFLyQGLUHFWDGHOHVFDSH\D\XGDDHYLWDU
ODVREVWUXFFLRQHV,JXDOPHQWHFHUFLyUHVHGHTXHHOUHJXODGRU
GHWLURVHPXHYDOLEUHPHQWH\QDGDREVWUX\DORVGXFWRV
325686(*85,'$'
$'9(57(1&,$²
$QWHVGHHPSH]DU
FRQODLQVWDODFLyQGHVFRQHFWHODFRUULHQWHHQHOSDQHO
GHVHUYLFLR\EORTXHHHOPHGLRGHGHVFRQH[LyQGHO
VHUYLFLRSDUDHYLWDUTXHODFRUULHQWHVHUHVWDEOH]FD
DFFLGHQWDOPHQWH&XDQGRHOPHGLRGHGHVFRQH[LyQGHO
VHUYLFLRQRVHSXHGDEORTXHDUILMHILUPHPHQWHDOSDQHO
GHVHUYLFLRXQGLVSRVLWLYRGHDGYHUWHQFLDSURPLQHQWH
FRPRXQDHWLTXHWD
&RGRVWUDQVLFLRQHVWDSDVSDUDSDUHG\
WHFKRHWFSUHVHQWDQUHVLVWHQFLDDGLFLRQDODOIOXMRGHO
DLUH\VRQHTXLYDOHQWHVDXQDVHFFLyQGHGXFWRGLUHFWRPiV
ODUJRTXHVXWDPDxRItVLFRUHDO$OFDOFXODUODORQJLWXGWRWDO
GHOGXFWRDJUHJXHODVORQJLWXGHVHTXLYDOHQWHVGHWRGDVODV
WUDQVLFLRQHV\DGDSWDGRUHVDGHPiVGHODORQJLWXGGHWRGDV
ODVVHFFLRQHVUHFWDVGHOGXFWR/DVWDEODVHQODVSiJLQDV
DFRQWLQXDFLyQPXHVWUDQFyPRFDOFXODUODORQJLWXGWRWDO
HTXLYDOHQWHGHOGXFWRXVDQGRODORQJLWXGHTXLYDOHQWHGHSLHV
DSUR[LPDGRVGHDOJXQRVGXFWRVFRPXQHV
,03257$17(6LVHXVDXQDGDSWDGRU
GHWUDQVLFLyQUHFWDQJXODUDFLUFXODUODV
HVTXLQDVLQIHULRUHVGHOUHJXODGRUGHWLURVH
WLHQHQTXHFRUWDUSDUDTXHHQFDMHQFRQ
XQDVWLMHUDVGHKRMDODWDSDUDSRGHU
SHUPLWLUHOPRYLPLHQWROLEUHGHOUHJXODGRUGHWLUR/DV
ORQJLWXGHVHTXLYDOHQWHVGHODVSLH]DVGHOGXFWRHVWiQ
EDVDGDVHQSUXHEDVUHDOHV\UHIOHMDQORVUHTXLVLWRVSDUD
XQDEXHQDYHQWLODFLyQFRQFXDOTXLHUFDPSDQD
$'9(57(1&,$²
3$5$5('8&,5(/
5,(6*2'(,1&(1',26'(6&$5*$6(/e&75,&$62/(6,21(6
3(5621$/(62%6(59(/26,*8,(17(
$(OWUDEDMRGHLQVWDODFLyQ\HODODPEUDGRHOpFWULFRGHEHKDFHUORXQD
SHUVRQDVFDOLILFDGDFRQIRUPHDWRGRVORVFyGLJRV\HVWiQGDUHVDSOLFDEOHV
LQFOX\HQGRXQDFRQVWUXFFLyQDSUREDGDSRUHOLQVSHFWRUGHLQFHQGLRV
%6XILFLHQWHDLUHHVQHFHVDULRSDUDXQDFRPEXVWLyQDSURSLDGD\SDUD
GHVKDFHUVHGHORVJDVHVDWUDYpVGHXQDVDOLGDGHKXPRFKLPHQHD
GHHTXLSRVTXHTXHPDQFRPEXVWLEOHVSDUDSUHYHQLUUHWURDOLPHQWDFLyQ
6LJDODVUHFRPHQGDFLRQHVGHOIDEULFDQWHGHOHTXLSRGHFDOHQWDPLHQWR
\ORVHVWiQGDUHVGHVHJXULGDGWDOHVFRPRORVSXEOLFDGRVSRUOD
$VRFLDFLyQQDFLRQDOGHSURWHFFLyQGHLQFHQGLRV1)3$\OD6RFLHGDG
DPHULFDQDGHLQJHQLHURVGHFDOHIDFFLyQDFRQGLFLRQDGRUHVGHDLUH\
UHIULJHUDFLyQ$6+5$(\ORVFyGLJRVGHODVDXWRULGDGHVORFDOHV
&&XDQGRVHHQFXHQWUHFRUWDQGRRWDODGUDQGRHQODSDUHGRHQHOWHFKR
QRGDxHORVDODPEUDGRVHOpFWULFRVXRWUDVXWLOLGDGHVHVFRQGLGDV
'/RVYHQWLODGRUHVFRQFRQGXFWRVGHEHQHVWDUVLHPSUHYHQWLODGRV
KDFLDHOH[WHULRU
$'9(57(1&,$²
3$5$5('8&,5(/
5,(6*2'(,1&(1',2<3$5$48((/$,5(6(9(17,/('(
0$1(5$$'(&8$'$$6(*Ò5(6('(48((/$,5(6$/*$
$/(;7(5,25³129(17,/($,5('((6&$3((1(63$&,26
'(1752'(3$5('(62&,(/255$6262'(1752'(È7,&26
+8(&266$1,7$5,262*$5$-(6
,QVWUXFFLRQHVGHLQVWDODFLyQ
+2-$'(75$%$-2³&$/&8/(/$/21*,78'727$/(48,9$/(17('(/'8&72
3,(=$6
'(/'8&72
/21*,78'
(48,9
3,(=$6
'(/'8&72
1Ò0(52 [ 86$'2
727$/
5HFWDQJXODU SLH
UHFWDGH
ø´[´
[ SLHV
&LUFXODU
SLH
UHFWDGH´
[ SLHV
&RGRGHƒ SLHV
UHFWDQJXODU
GHø´[´
[ SLHV
&RGRGHƒ SLHV
UHFWDQJXODU
GHø´[´
[ &RGRSODQR SLHV
GHƒUHFW
GHø´[´ [ /21*,78'
(48,9
1Ò0(52 [ 86$'2
727$/
&RGRGHƒ SLHV
FLUFGH´
[ SLHV
&RGRGHƒ SLHV
FLUFGH´
[ SLHV
7DSDGH SLHV
SDUHGFLUF SLHVVLQ
GH´FRQ UHJGHWLUR
UHJGHWLUR
[ [ SLHV
SLHV
SLHV
7DSDGH SLHV
WHFKRFLUF
GH´
[ SLHV
SLHV
[ SLHV
7DSDGH SLHV
[ SDUHGUHFW SLHVVLQ GHø´[´ UHJXODGRUGH [ FRQUHJXODGRU WLUR
GHWLUR
SLHV
7UDQVFLUFSLHV
GH´D
UHFWGH
ø´[´
SLHV
&RGRGHƒSLHV
GHWUDQV
FLUFGH´
DUHFWGH
ø´[´
[ SLHV
SLHV
6XEWRWDOFROXPQD
SLHV
6XEWRWDOFROXPQD
SLHV
SLHV
6XEWRWDOFROXPQD
/RQJLWXGPi[LPDGHOGXFWR3DUDXQPRYLPLHQWR
VDWLVIDFWRULRGHODLUHODORQJLWXGWRWDOGHXQGXFWR
UHFWDQJXODUGHøµ[µQRGHEHVXSHUDUHOHTXLYDOHQWHD
SLHV
'XFWRWRWDO
,QVWUXFFLRQHVGHLQVWDODFLyQ
'$f26(19Ë2,167$/$&,Ï1
+(55$0,(17$648(1(&(6,7$
‡6LODXQLGDGVHGDxDHQHOHQYtRGHYXHOYDODXQLGDGDOD
WLHQGDGRQGHVHFRPSUySDUDUHSDUDFLyQRFDPELR
‡6LHOFOLHQWHGDxDODXQLGDGODUHSDUDFLyQRHOFDPELRHV
UHVSRQVDELOLGDGGHOFLHQWH
‡6LHOLQVWDODGRUGDxDODXQLGDGDOJXLHQGLIHUHQWHDO
FOLHQWHODUHSDUDFLyQRHOFDPELRVHGHEHKDFHUHQ
XQDUUHJORHQWUHHOFOLHQWH\HOLQVWDODGRU
(63$&,23$5$,167$/$&,Ï1
´
0tQ
´
'HVWRUQLOODGRUGHFDEH]DSODQD
\GHVWRUQLOODGRUGHHVWUHOOD
6HUUXFKRGHYDLYpQ
RVHJXHWD
(OERUGH
LQIHULRU
GHOJDELQHWH
GHEHWHQHU
XQDGLVWDQFLD
GH´R
PiVGHVGH
ODVXSHUILFLH
GHODHVWXID
/iSL]
&LQWDSDUD
GXFWRV
7LMHUDVGHKRMDODWD
HQDOJXQDV
DSOLFDFLRQHV
7DODGURHOpFWULFR
%RTXLOODKH[
JLUDWRULDGH
´
$OLFDWHV
&LQWDGHPHGLU
/LQWHUQD
3LVWRODSDUD
VHOODGR
1LYHO
6HSDUDGRU
GHFDEOHV
'HVWRUQLOODGRU
SDUDWXHUFDVGH
´
3$57(6,1&/8,'$6
3$57(
´RPiV
GHVGHHOSLVR
KDVWDODSDUWH
VXSHULRUGHOD
FDPSDQD
&$17,'$'
)LOWURVPHWiOLFRVSDUDODJUDVD
7RUQLOORVSDUDLQVWDODFLyQ
$GDSWDGRUGHOHVFDSHUHJXODGRU
GHWLURSDUDYHQWLODFLyQUHFW
GHø´[´
7RUQLOORVGHODGDSWDGRUGHOHVFDSH
$&&(625,2623&,21$/(6
127$6
‡(VWDFDPSDQDHVSDUDLQVWDODFLyQHQHVWXIDVKDVWDGH
µGHDQFKR
‡6LODFDPSDQDYDDYHQWLODUVHKDFLDHOH[WHULRUFRQVXOWH
ODVHFFLyQ´5HTXLVLWRVSDUDODLQVWDODFLyQGHORVGXFWRVµ
SDUDODSUHSDUDFLyQGHOGXFWRGHOHVFDSH
(VWRVNLWVHSXHGHQRUGHQDUDWUDYpVGHVXSURYHHGRU*(
)LOWURVGHFDUEyQVLUHDOL]DUHFLUFXODFLyQ
RUGHQH.LW1R:%;
1RWD6LODFDPSDQDVHLQVWDODHQPRGRGH
UHFLUFXODFLyQQRVHHQFXHQWUDFHUWLILFDGDSRU
(1(5*<67$5Š
,QVWUXFFLRQHVGHLQVWDODFLyQ
6(/(&&,21(/$23&,Ï1
'(9(17,/$&,Ï1
'HWHUPLQHHQWUHODVVLJXLHQWHVRSFLRQHVODRSFLyQ
GHYHQWLODFLyQTXHVXLQVWDODFLyQUHTXLHUH
/DRSFLyQGHHVFDSHGHYHQWLODFLyQH[WHULRUTXHVX
LQVWDODFLyQUHTXLHUDGHWHUPLQDUiORVDJXMHURVFLHJRV
GHODFDPSDQDQHFHVDULRV
$
(VFDSHVXSHULRUH[WHULRU
'XFWRYHUWLFDO³ø´[´UHFWDQJXODU
%
(VFDSHSRVWHULRUH[WHULRU
'XFWRKRUL]RQWDO³ø´[´UHFWDQJXODU
,03257$17(6LODFDPSDQDVHYDDLQVWDODUGHIRUPD
UHFLUFXODQWHVLQGXFWRVVLQYHQWLODFLyQQRSHUIRUHQLQJXQD
DEHUWXUDGHYHQWLODFLyQHQODFDPSDQDÒQLFDPHQWHXQ
RULILFLRGHDFFHVRHOpFWULFRVHUHTXLHUHHQODFDPSDQD
&
5HFLUFXODQWH
6LQGXFWRVVLQYHQWLODFLyQ³
2SFLRQDOSDUDORVPRGHORVGHODVHULH-9
~QLFDPHQWH
,QVWUXFFLRQHVGHLQVWDODFLyQ
'(67$3((/25,),&,2&,(*2
5(7,5(/26),/7526
'(/&$%/($'2
5HWLUHODSHOtFXODSURWHFWRUDGHHPSDTXHGHORVERUGHV
GHORVILOWURVPHWiOLFRVSDUDODJUDVD3UHVLRQHORV
EORTXHRVGHOILOWUR\OHYDQWHORVILOWURVKDFLDDIXHUD
&ROyTXHORVDXQODGR
'HVWDSH\DVHDHORULILFLRFLHJRVXSHULRURSRVWHULRUGHO
FDEOHDGRVHJ~QVHDQHFHVDULRHLQVWDOHXQDDEUD]DGHUD
DSUREDGDSDUDOLEHUDFLyQGHSUHVLyQ
$EUD]DGHUD
SDUDOLEHUDFLyQ
GHSUHVLyQ
)LOWURV
5(7,5(/$7$3$'(/&$%/($'2'(/$
&$-$'((03$/0(
5HWLUHODWDSDGHOFDEOHDGRGHOLQWHULRUGHODFDPSDQD
&RORTXHODWDSD\HOWRUQLOORGHPRQWDMHDXQODGR
'(67$3(/2625,),&,26
&,(*26'(/'8&72
7DSDGHO
FDEOHDGR
7RUQLOORGH
PRQWDMH
3DUDXQVLVWHPDUHFLUFXODQWHVLQGXFWR\VLQHVFDSHYHD
ODQRWDPiVDEDMR\VLJDFRQHOSDVR'
&RQXQGHVWRUQLOODGRUGHFDEH]DSODQDGHVWDSHHOORV
RULILFLRVFLHJRVGHOGXFWRFRUUHVSRQGLHQWHVGHOD
SDUWHVXSHULRURSRVWHULRUGHODFDPSDQD
6DOLGDYHUWLFDOUHFWDQJXODU
GHøļ[ļ'HVWDSH
HORULILFLRFLHJRGHOGXFWR
UHFWDQJXODU~QLFDPHQWH
6DOLGDKRUL]RQWDOUHFWDQJXODUGH
øļ[ļ'HVWDSHHORULILFLRFLHJR
GHOGXFWRUHFWDQJXODUSRVWHULRU
~QLFDPHQWH
127$6LODFDPSDQDVHYDDLQVWDODUGHXQDIRUPD
UHFLUFXODQWHVLQGLFWR\VLQHVFDSHRUGHQHONLWGH
ILOWURVGHFDUEyQQ~PHUR:%;SDUDPRGHORV
GHFDPSDQDGHļRHONLW1R:%;SDUD
PRGHORVGHFDPSDQDGHļ(VWRVNLWVVHSXHGHQRUGHQDU
DWUDYpVGHVXSURYHHGRU*(6LJDFRQHOSDVR'
127$6LODFDPSDQDVHLQVWDODHQPRGRGHUHFLUFXODFLyQ
QRVHHQFXHQWUDFHUWLILFDGDSRU(1(5*<67$5Š
,QVWUXFFLRQHVGHLQVWDODFLyQ
0$548(/2625,),&,26
3$5$,167$/$&,21(6'(6$/,'$
6HOHFFLRQHODRSFLyQGHYHQWLODFLyQTXHVXLQVWDODFLyQ
UHTXLHUH\VLJDFRQHVDVHFFLyQ
5(&7$1*8/$5&21'8&72'( ø ´[
´Ò1,&$0(17(
$(VFDSHVXSHULRUH[WHULRU
GXFWRYHUWLFDOUHFWDQJXODU²ø´[´
8QDHODGDSWDGRUGHOHVFDSHUHJXODGRUGHWLURVREUHOD
DEHUWXUDFLHJDFRQORVGRVWRUQLOORVDGDSWDGRUHV
GHOHVFDSH&HUFLyUHVHGHTXHHOHMHHVWpPiVFHUFDDO
ERUGHVXSHULRUSRVWHULRUGHODFDPSDQD5HWLUHODFLQWD
GHODWDSDGHOUHJXODGRUGHWLUR
$MXVWHGHODGR
DODGRKDVWD´
‡8VHHOGLDJUDPDRODFDPSDQDFRPRXQDSODQWLOOD\
PDUTXHODORFDOL]DFLyQHQHOJDELQHWHSDUDHOGXFWR
HOFDEOHDGRHOpFWULFR\ODVUDQXUDVGHOWRUQLOORGH
ERFDOODYH
&LQWD
7RUQLOORVSDUDLQVWDODUODFDPSDQD
ø´
ø´
)UHQWHGHOJDELQHWH
ø´
)RQGRGHJDELQHWH
ø´
ø´
(MH
%RUGH
VXSHULRUSRVWHULRU
2ULILFLRGHDFFHVRSDUD
HOGXFWRYHUWLFDO
ø´
ø´
ø´
ø ´
$GDSWDGRUGHOHVFDSH
UHJXODGRUGHWLURVHH[KLEH
ODSRVLFLyQGHVDOLGDYHUWLFDO
µ
&XxDVGH
PDGHUD
SDUDJDELQHWHVFRQ
PXHVFDHQHOIRQGR
127$(ODGDSWDGRUGHOHVFDSHUHJXODGRUGHWLURVHSXHGH
LQVWDODUKDVWDDSXOJDGDGHGLVWDQFLDGHFXDOTXLHUODGRGHO
FHQWURGHODFDPSDQDSDUDDFRPRGDUHOGXFWR
HQHOFHQWUR(QLQVWDODFLRQHVH[WUHPDVGHGHVDMXVWHHV
SRVLEOHTXHVHDQHFHVDULRFRUWDUXQH[WUHPRGHOFRQHFWRU
GHOGXFWRSDUDGHVSHMDUODDEUD]DGHUDGHOFDEOHHOpFWULFR
/tQHD
FHQWUDO
2ULILFLRSDUD
DFFHVRHOpFWULFR
HQHOIRQGRGHO
JDELQHWH
%(VFDSHSRVWHULRUH[WHULRU
GXFWRKRUL]RQWDOUHFWDQJXODU²ø´[´
‡8VHHOGLDJUDPDRODFDPSDQDFRPRXQDSODQWLOOD\
PDUTXHODORFDOL]DFLyQHQHOJDELQHWHSDUDHOGXFWR
HOFDEOHDGRHOpFWULFR\ODVUDQXUDVGHOWRUQLOORGH
ERFDOODYH
&XxDVGHPDGHUDSDUDJDELQHWHVFRQPXHVFDHQHOIRQGR
)UHQWHGHOJDELQHWH ø´ ø´
ø´ 2ULILFLRGHDFFHVRSDUD
HOGXFWRKRUL]RQWDO
ø´
ø´
ø´
ø´
7RUQLOORVSDUDLQVWDODU
ODFDPSDQD
)RQGR
GHO
JDELQHWH
ø´
/tQHDFHQWUDO
2ULILFLRSDUDDFFHVR
HOpFWULFRHQODSDUHG
&5HFLUFXODQWHVLQGXFWR\VLQHVFDSH
‡8VHHOGLDJUDPDRODFDPSDQDFRPRXQDSODQWLOOD\
PDUTXHODORFDOL]DFLyQHQHOJDELQHWHSDUDHOFDEOHDGR
HOpFWULFR\ODVUDQXUDVGHOWRUQLOORGHERFDOODYH
‡'HELGRDTXHODFDPSDQDKDGHVHUUHFLUFXODGDQR
SDUDVHUYHQWLODGDHQHOH[WHULRUQRFRUWHQLQJXQD
DEHUWXUDGHYHQWLODFLyQHQODSDUHGRHQHOIRQGR
GHOJDELQHWH
,QVWUXFFLRQHVGHLQVWDODFLyQ
&255$/26&$%/(6
(6&2*(5/$23&,Ï1'(9(17,/$&,Ï1
/DFDPSDQDSXHGHDMXVWDUVHSDUDYHQWLODUKDFLDHO
H[WHULRURSDUDUHFLUFXODUHODLUHGHUHJUHVRKDFLDODFRFLQD
‡ 3 DUDYHQWLODUKDFLDHOH[WHULRUFRQVXOWHORVSDVRV\
‡ 3 DUDUHFLUFXODUHODLUHKDFLDODFRFLQDTXLWHORVGRV
WRUQLOORVTXHILMDQHOEORTXHGHOFRQGXFWRGHODSODFD
(OLPLQHODSODFD9XHOYDDFRORFDUORVGRVWRUQLOORV
1RWD/DFDPSDQDVHHQFXHQWUDFHUWLILFDGDSRU(1(5*<
67$5ŠVyORFXDQGRHOLPLQDDLUHDOH[WHULRU
&RUUDORVFDEOHVHOpFWULFRVDWUDYpVGHODSDUHGR
JDELQHWHGHDFXHUGRDO&yGLJR(OpFWULFR1DFLRQDO
\ORVFyGLJRVORFDOHVFRUUHVSRQGLHQWHV
127$12FRQHFWHHOVXPLQLVWURHOpFWULFRKDVWDTXH
ODLQVWDODFLyQHVWpFRPSOHWD
$7251,//(3$5&,$/0(17(
,QVHUWHXQWRUQLOORGHPRQWDMHGHOSDTXHWHGH
KHUUDPLHQWDVSDUFLDOPHQWHHQFDGDFHQWURGHOFXHOOR
DQJRVWRGHODVUDQXUDVGHERFDOODYHPDUFDGDVHQHO
IRQGRGHJDELQHWH
&21(&7(/26&$%/(6
/HYDQWHODFDPSDQDKDVWDVXSRVLFLyQ\FRQHFWH
HOFDEOHDGRGHODFDVDDWUDYpVGHRULILFLRFLHJRGHO
FDEOHDGR
3$5$*$%,1(7(&2108(6&$(1(/
)21'2Ò1,&$0(17(
$6(*85(/$&$03$1$
'HVOLFHODFDPSDQDKDFLDDWUiVFRQWUDODSDUHG
$SULHWHORVWRUQLOORVGHPRQWDMH&HUFLyUHVHGH
TXHODVFDEH]DVGHORVWRUQLOORVHVWpQHQHOFXHOOR
DQJRVWRGHODUDQXUDGHERFDOODYH
&XxDVGHPDGHUD
%RFDOODYH
‡6LORVJDELQHWHVWLHQHQXQFRUWHGHODQWHURODWHUDOR
SRVWHULRUKDJDFXxDVGHPDGHUDGHODQFKRGHOFRUWH
\~QDORVDOHVSDFLRHQODPXHVFDGHOIRQGRGHOJDELQHWH
HQDPERVODGRV&RQVXOWHHOSDVRSDUDODORFDOL]DFLyQ
GHODVPDUFDV
&257(/2625,),&,26
&RUWHORVRULILFLRVHQODVORFDOL]DFLRQHVPDUFDGDVSDUD
HOFDEOHDGRGHOGXFWR\HOpFWULFR3DUDHOGXFWRYHUWLFDO
FRUWH´DGLFLRQDOKDFLDHOIUHQWHGHOJDELQHWH
GHPDQHUDTXHSXHGDPRYHUHOGXFWROLEUHPHQWH
DOLQVWDODUODFDPSDQD7DPELpQSXHGHIDFLOLWDUOD
LQVWDODFLyQFRUWDQGRHORULILFLRGH »´HQYH]GH´
,QVWUXFFLRQHVGHLQVWDODFLyQ
&21(&7((/'8&72$/$&$03$1$
&21(&7((/&$%/($'2
8VHFLQWDSDUDGXFWRVSDUDDVHJXUDUORVHPSDOPHV\
ODKHUPHWLFLGDG
&RQHFWHHOFDEOHQHJURGHODFDVDDOFDEOHQHJURGH
ODFDPSDQDHOFDEOHEODQFRGHODFDVDDOFDEOHEODQFR
GHODFDPSDQD\HOFDEOHDWLHUUDGHODFDVDDOFDEOH
YHUGHDPDULOORGHODFDPSDQD)LUPHPHQWHDSULHWH
ODDEUD]DGHUDGHOLEHUDFLyQGHSUHVLyQHQHOFDEOHDGR
GHODFDVD
&LQWDSDUDGXFWRV
/DOiPSDUDFRQWLHQHPHUFXULR0DQHMHGHDFXHUGRFRQODVOH\HV
GHHOLPLQDFLyQ9HUZZZODPSUHF\FOHRUJR
3DUDSUHFDXFLRQHVVREUHLQVWDODFLyQPDQLSXODFLyQ\
HOLPLQDFLyQFRQVXOWHODLQIRUPDFLyQGHHPSDTXHGHOD
OiPSDUDIOXRUHVFHQWH
&2/248(/$7$3$'(/&$%/($'2
$'9(57(1&,$
9XHOYDDFRORFDUODWDSDGHOFDEOHDGR
„7RUHGXFHWKHULVNRIHOHFWULFVKRFNGRQRWFRQQHFWHOHFWULFDO
SRZHUWRWKHKRRGZLWKRXWERWKODPSVLQSODFH
35(&$8&,Ï1
„1RWRTXHODVOiPSDUDVGHODFDPSDQDFXDQGRVH
HQFXHQWUHQHQFHQGLGDV3XHGHQHVWDUORVXILFLHQWHPHQWH
FDOLHQWHVFRPRSDUDSURYRFDUOHVLRQHV
„3DUDHYLWDUOHVLRQHVSURYRFDGDVSRUOiPSDUDVURWDV
PDQLS~OHODVFRQFXLGDGR\QRRSHUHODFDPSDQDVLQODV
FXELHUWDVGHODVOiPSDUDVHQVXOXJDU
(VWDFDPSDQDUHTXLHUHGRVOiPSDUDVIOXRUHVFHQWHV
FRPSDFWDV&)/FRQXQDEDVH*8LQFOXLGDGHYDWLRV
FRPRPi[LPR
3DUDFDPELDUODVOiPSDUDV
&XDQGRLQVWDOHRUHHPSODFHXQDOiPSDUDDVHJ~UHVHGH
TXHODHQHUJtDGLULJLGDKDFLDODOX]VHKD\DDSDJDGR1XQFD
SHUPLWDTXHXQDOiPSDUDHQWUHHQFRQWDFWRFRQDJXD
4XLWHODFXELHUWDGHODOiPSDUDGHVOL]iQGRODXQVHQWLGRKRUL]RQWDO
\MDOiQGRODKDFLDDEDMR\HQVHQWLGRFRQWUDULRGHODFDPSDQD
7RPHODOiPSDUDGHODSRUFLyQSOiVWLFDGHODEDVHGHOD
OiPSDUD\GHVHQUyVTXHOD
&RORTXHXQDOiPSDUDIOXRUHVFHQWHFRPSDFWD*(:GH
EDMRFRQVXPRFRQSLH]DGHUHSXHVWR*(SDUDEDVH*8
:%;
&2/248(/26),/7526
/DLQVWDODFLyQHVWiFRPSOHWD&RQHFWHHOVXPLQLVWUR
GHFRUULHQWHHQHOSDQHOGHVHUYLFLR\YHULILTXHOD
RSHUDFLyQFRUUHFWD
/,67$'(9(5,),&$&,Ï13$5$
/$62/8&,21'(352%/(0$6
6LSDUHFHTXHODFDPSDQDHVWiRSHUDQGRDDOWDYHORFLGDG
FXDQGRHOFRQWUROQRHVWiHQQLYHODOWRRVLODYHQWLODFLyQ
SDUHFHLQFRUUHFWDUHYLVHORVLJXLHQWH
‰/RVRULILFLRVFLHJRVQRVHUHWLUDURQGHODFDPSDQD
‰/DKRMDGHOUHJXODGRUGHWLURQRDEUH
‰+D\PHQRUIOXMRGHDLUH\DTXHHOGXFWRHVGHPDVLDGR
SHTXHxRRODORQJLWXGGHOGXFWRHVPX\SURORQJDGD
‰(OGXFWRHVWiEORTXHDGR
‰/DWDSDGHSDUHGRWHFKRHVPX\SHTXHxDRUHVWULQJLGD
6,*$(/&Ï',*2(/e&75,&2
&RPSOHWHHOFDEOHDGRHOpFWULFRGHDFXHUGRFRQHO
&yGLJR(OpFWULFR1DFLRQDO\ORVFyGLJRVORFDOHV
127$(VWDFDPSDQDGHEHHVWDUSHUPDQHQWHPHQWH
FRQHFWDGDDWLHUUD
&RQHFWHHOFDEOHDGRGHODFDVD9$&DOFDEOHDGR
GHODFDPSDQD
$QWHVGHOODPDUDVROLFLWDUVHUYLFLR«
*($SSOLDQFHVFRP
&RQVHMRVSDUDODVROXFLyQGHSUREOHPDV
£$KRUUHWLHPSR\GLQHUR5HYLVHODVLJXLHQWHWDEODSULPHUR
\TXL]iVQRQHFHVLWHOODPDUDVROLFLWDUVHUYLFLR
3UREOHPD
3RVLEOHV&DXVDV
4XpKDFHU
(OYHQWLODGRUQRRSHUD
FXDQGRHOLQWHUUXSWRU
VHHQFLHQGH
4XL]iVVHKD\DTXHPDGR
XQIXVLEOHRVHKD\DVDOWDGR
HOLQWHUUXSWRUGHFLUFXLWRV
‡ 5HHPSODFHHOIXVLEOHRUHLQLFLDOLFHHOLQWHUUXSWRU
GHFLUFXLWRV
(OYHQWLODGRUQRFLUFXOD
HODLUHRPXHYHHODLUH
PiVOHQWDPHQWHTXHOR
QRUPDO
'HPDVLDGDVXFLHGDGHQ
HOILOWUR
‡ /DYH\UHHPSODFHORVILOWURV&RQVXOWHODVHFFLyQ
)LOWURVPHWiOLFRVUHXWLOL]DEOHVSDUDODJUDVD
‡ 5HHPSODFHHOILOWURVLHVWiGHPDVLDGRVXFLRSDUD
OLPSLDUOR6LQRHVWiVXFLRRVLUHHPSOD]DUHOILOWUR
QRVROXFLRQDHOSUREOHPDOODPHDVROLFLWDUVHUYLFLR
(OYHQWLODGRUHVWi
SHUPDQHQWHPHQWH
LQLFLDQGR\WHUPLQDQGR
XQFLFOR
3UREDEOHPHQWHHOPRWRUHVWp
‡ 5HHPSODFHHOILOWURVLHVWiVXFLR6LQRHVWiVXFLR
VREUHFDOHQWDGR\VHDSDJDVROR RVLUHHPSOD]DUHOILOWURQRVROXFLRQDHOSUREOHPD
(VWRSXHGHVHUGDxLQRSDUD
OODPHDVROLFLWDUVHUYLFLR
HOPRWRU4XL]iVHOILOWURHVWp
GHPDVLDGRVXFLR
/DOiPSDUDIOXRUHVFHQWH
FRPSDFWDSDUHFH
FRPSDFWDSDUHFH
(VWRHVQRUPDOSDUDODV
OiPSDUDVIOXRUHVFHQWHV
FRPSDFWDVHVSHFLDOPHQWH
HQODSULPHUDLQVWDODFLyQ
‡ 3HUPLWDTXHODOiPSDUDIXQFLRQHSRUYDULRVPLQXWRV
6LHVWHWLHPSRGHFDOHQWDPLHQWRQRVROXFLRQD
HOSUREOHPDFDPELHODOiPSDUD
/DOiPSDUDIOXRUHVFHQWH
FRPSDFWDSDUSDGHD
EUHYHPHQWHDOFRPLHQ]R
(VWRHVQRUPDOSDUDODV
OiPSDUDVIOXRUHVFHQWHV
FRPSDFWDVHVSHFLDOPHQWH
HQODSULPHUDLQVWDODFLyQ
‡ 3HUPLWDTXHODOiPSDUDIXQFLRQHSRUYDULRVPLQXWRV
6LHVWHWLHPSRGHFDOHQWDPLHQWRQRVROXFLRQD
HOSUREOHPDFDPELHODOiPSDUD
'HVSXpVGHFDPELDU
XQDOiPSDUDODQXHYD
SDUHFHWHQHUXQFRORU
GLVWLQWR
/DOiPSDUDQXHYDSXHGH
‡ 8VHXQDOiPSDUD*(GHEDVH*8GH:FRQXQD
WHQHUXQDFODVLILFDFLyQGHFRORU FODVLILFDFLyQGH.FRQQ~PHURGHSLH]DGHUHSXHVWR
GHWHPSHUDWXUDGLIHUHQWHHV
:%;
GHFLU.HQOXJDUGH.
/DOiPSDUDGHUHSXHVWR
SXHGHVHUGHXQIDEULFDQWH
GLIHUHQWH
‡ 8VHXQDOiPSDUD*(GHEDVH*8GH:FRQXQ
Q~PHURGHSLH]DGHUHSXHVWR:%;
1RWHV
*DUDQWtDGH*(SDUDVXFDPSDQDSDUDYHQWLODFLyQGHHVWXID
7RGRVORVVHUYLFLRVGHJDUDQWtDORVSURSRUFLRQDQQXHVWURV&HQWURV
GH5HSDUDFLyQGH)iEULFDRQXHVWURVWpFQLFRV&XVWRPHU&DUHŠ
DXWRUL]DGRV3DUDFRQFHUWDUXQDFLWDGHUHSDUDFLyQHQOtQHDYLVtWHQRV
HQ*($SSOLDQFHVFRPROODPHDO*(&$5(6
&XDQGROODPHSDUDVROLFLWDUVHUYLFLRSRUIDYRUWHQJDDPDQRHO
Q~PHURGHVHULH\HOQ~PHURGHPRGHOR
3HJXHDTXtVXUHFLER
6HUHTXLHUHIDFLOLWDUSUXHED
GHODIHFKDGHFRPSUDRULJLQDO
SDUDREWHQHUXQVHUYLFLR
EDMRODJDUDQWtD
3RUHOSHUtRGRGH *(UHHPSOD]DUi
8QDxR
$SDUWLUGHODIHFKD
GHODFRPSUDRULJLQDO
&XDOTXLHUSDUWHGHODFDPSDQDSDUDYHQWLODFLyQGHHVWXIDTXHIDOOHGHELGRDGHIHFWRVHQ
ORVPDWHULDOHVRHQODIDEULFDFLyQ'XUDQWHHVWHJDUDQWtDOLPLWDGDGHXQDxR*(WDPELpQ
SURSRUFLRQiVLQFRVWRDOJXQRWRGDODPDQRGHREUD\ORVVHUYLFLRVLQWHUQRVSDUDUHHPSOD]DU
SDUWHVGHIHFWXRVDV
/RTXHQRHVWiFXELHUWRSRU*(
„9LDMHVGHVHUYLFLRDVXFDVDSDUDHQVHxDUOHFyPRXVDU
HOSURGXFWR
„'DxRDOSURGXFWRFDXVDGRSRUDFFLGHQWHIXHJR
LQXQGDFLRQHVRDFWRVGH'LRV
„,QVWDODFLyQHQWUHJDRPDQWHQLPLHQWRLQDSURSLDGD
„'DxRLQFLGHQWDORFRQVHFXHQFLDOFDXVDGRSRUSRVLEOHV
GHIHFWRVFRQHODSDUDWR
„)DOODVGHOSURGXFWRVLKD\DEXVRPDOXVRRXVRSDUD
RWURVSURSyVLWRVTXHORVSURSXHVWRVRXVRSDUDILQHV
FRPHUFLDOHV
„'DxRFDXVDGRGHVSXpVGHODHQWUHJD
„3URGXFWRQRDFFHVLEOHSDUDIDFLOLWDUHOVHUYLFLRUHTXHULGR
„5HHPSOD]RGHIXVLEOHVGHVXFDVDRUHDMXVWHGH
LQWHUUXSWRUHVGHFLUFXLWR
(;&/86,Ï1'(*$5$17Ë$6,03/Ë&,7$6³6X~QLFR\H[FOXVLYRGHUHFKRHVODUHSDUDFLyQGHOSURGXFWRWDO\
FRPRVHLQGLFDHQHVWD*DUDQWtDOLPLWDGD&XDOTXLHUJDUDQWtDLPSOtFLWDLQFOX\HQGRODVJDUDQWtDVLPSOtFLWDV
GHFRPHUFLDELOLGDGRDGHFXDFLyQSDUDXQILQGHWHUPLQDGRHVWiQOLPLWDGDVDXQDxRRHOSHUtRGRGH
WLHPSRPiVEUHYHSHUPLWLGRSRUODOH\
(VWDJDUDQWtDVHH[WLHQGHDOFRPSUDGRURULJLQDO\FXDOTXLHUFRPSUDGRUSRVWHULRUGHSURGXFWRVFRPSUDGRVSDUD
XVRUHVLGHQFLDOGHQWURGHV(VWDGRV8QLGRV6LHOSURGXFWRHVWiVLWXDGRHQXQiUHDTXHQRGLVSRQHGHVHUYLFLRSRUSDUWH
GHXQSURYHHGRUGHVHUYLFLRDXWRUL]DGRGH*(SRGUtDWHQHUTXHKDFHUVHFDUJRGHORVFRVWHVGHHQYtRRELHQSRGUtD
VROLFLWiUVHOHTXHOOHYHHOSURGXFWRDXQFHQWURGHVHUYLFLRGH*(DXWRUL]DGRSDUDUHDOL]DUODUHSDUDFLyQ(Q$ODVNDOD
JDUDQWtDH[FOX\HHOFRVWRGHHQYtRRODVYLVLWDVGHVHUYLFLRDVXFDVD
$OJXQRVHVWDGRVQRSHUPLWHQODH[FOXVLyQRODVOLPLWDFLRQHVGHGDxRVLQFLGHQWDOHVRFRQVHFXHQFLDOHV(VWDJDUDQWtD
GDGHUHFKRVOHJDOHVHVSHFtILFRV\XVWHGSRGUtDWHQHURWURVGHUHFKRVTXHYDULDUiQGHHVWDGRDHVWDGR3DUDVDEHUFXiOHV
VRQVXVGHUHFKRVOHJDOHVFRQVXOWHDODRILFLQDGHDVXQWRVGHOFRQVXPLGRUORFDORODRILFLQDGHO3UXFXUDGRU$WWRUQH\
*HQHUDOHQVXORFDOLGDG
*DUDQWH*HQHUDO(OHFWULF&RPSDQ\/RXLVYLOOH.<
6RSRUWHDO&RQVXPLGRU
3iJLQD:HEGH*($SSOLDQFHV
*($SSOLDQFHVFRP
¢7LHQHDOJXQDSUHJXQWDVREUHVXHOHFWURGRPpVWLFR"£3UXHEHODSiJLQD:HEGH*($SSOLDQFHVKRUDVDOGtDFXDOTXLHU
GtDGHODxR3DUDPD\RUFRQYHQLHQFLD\VHUYLFLRPiVUiSLGR\DSXHGHGHVFDUJDUORV0DQXDOHVGHORV3URSLHWDULRV
SHGLUSLH]DVRLQFOXVRKDFHUXQDFLWDHQOtQHDSDUDTXHYHQJDQDUHDOL]DUXQDUHSDUDFLyQ
6ROLFLWHXQDUHSDUDFLyQ
*($SSOLDQFHVFRP
(OVHUYLFLRGHH[SHUWRV*(HVWiDWDQVyORXQSDVRGHVXSXHUWD£(QWUHHQOtQHD\VROLFLWHVXUHSDUDFLyQFXDQGROHYHQJD
FXDOTXLHUGtDGHODxR2OODPHDO*(&$5(6GXUDQWHKRUDVQRUPDOHVGHRILFLQD
5HDO/LIH'HVLJQ6WXGLR(VWXGLRGHGLVHxRSDUDODYLGDUHDO*($SSOLDQFHVFRP
*(DSR\DHOFRQFHSWRGH'LVHxR8QLYHUVDO³SURGXFWRVVHUYLFLRV\DPELHQWHVTXHSXHGHQXVDUJHQWHGHWRGDVODV
HGDGHVWDPDxRV\FDSDFLGDGHV5HFRQRFHPRVODQHFHVLGDGGHGLVHxDUSDUDXQDJUDQJDPDGHKDELOLGDGHV\
GLILFXOWDGHVItVLFDV\PHQWDOHV3DUDPiVGHWDOOHVFREUHODVDSOLFDFLRQHVGH*('LVHxR8QLYHUVDOLQFOX\HQGRLGHDVGH
GLVHxRSDUDODFRFLQDSDUDSHUVRQDVFRQGLVFDSDFLGDGHVPLUHQXHVWUDSiJLQD:HEKR\PLVPR3DUDSHUVRQDVFRQ
GLILFXOWDGHVDXGLWLYDVIDYRUGHOODPDUDO7''*($&
*DUDQWtDVDPSOLDGDV
*($SSOLDQFHVFRP
&RPSUHXQDJDUDQWtDDPSOLDGD\REWHQJDGHWDOOHVVREUHGHVFXHQWRVHVSHFLDOHVGLVSRQLEOHVPLHQWUDVVXJDUDQWtDHVWi
D~QDFWLYD3XHGHFRPSUDUODHQOtQHDHQFXDOTXLHUPRPHQWRROODPDUDO
GXUDQWHKRUDVQRUPDOHVGHRILFLQD*(&RQVXPHU+RPH6HUYLFHVHVWDUiD~QDKtFXDQGRVXJDUDQWtDWHUPLQH
3LH]DV\DFFHVRULRV
*($SSOLDQFHVFRP
$TXHOORVLQGLYLGXRVFRQODFDOLILFDFLyQQHFHVDULDSDUDUHSDUDUVXVSURSLRVHOHFWURGRPpVWLFRVSXHGHQ
SHGLUTXHVHOHVPDQGHQODVSLH]DVRDFFHVRULRVGLUHFWDPHQWHDVXVKRJDUHVDFHSWDPRVODVWDUMHWDV
9,6$0DVWHU&DUG\'LVFRYHU+DJDVXSHGLGRHQOtQHDKR\KRUDVFDGDGtDROODPDUSRUWHOpIRQR
DOGXUDQWHKRUDVQRUPDOHVGHRILFLQD
/DVLQVWUXFFLRQHVGHVFULWDVHQHVWHPDQXDOFXEUHQORVSURFHGLPLHQWRVDVHJXLUSRUFXDOTXLHUXVXDULR&XDOTXLHU
RWUDUHSDUDFLyQGHEHUtDSRUUHJODJHQHUDOUHIHULUVHDSHUVRQDOFDOLILFDGRDXWRUL]DGR'HEHHMHUFHUVHSUHFDXFLyQ
\DTXHODVUHSDUDFLRQHVLQFRUUHFWDVSXHGHQFDXVDUFRQGLFLRQHVGHIXQFLRQDPLHQWRLQVHJXUDV
3yQJDVHHQFRQWDFWRFRQQRVRWURV
*($SSOLDQFHVFRP
6LQRHVWiVDWLVIHFKRFRQHOVHUYLFLRTXHUHFLEHGH*(SyQJDVHHQFRQWDFWRFRQQRVRWURVHQQXHVWUDSiJLQD:HE
LQGLFDQGRWRGRVORVGHWDOOHVDVtFRPRVXQ~PHURGHWHOpIRQRRHVFUtEDQRVD
*HQHUDO0DQDJHU&XVWRPHU5HODWLRQV
*($SSOLDQFHV$SSOLDQFH3DUN
/RXLVYLOOH.<
5HJLVWUHVXHOHFWURGRPpVWLFR
*($SSOLDQFHVFRP
£5HJLVWUHVXQXHYRHOHFWURGRPpVWLFRHQOtQHD³FXDQGRXVWHGSUHILHUD(OUHJLVWUDUVXSURGXFWRDWLHPSROH
SURSRUFLRQDUiVLVXUJLHUDODQHFHVLGDGXQDPHMRUFRPXQLFDFLyQ\XQVHUYLFLRPiVUiSLGREDMRORVWpUPLQRVGHVX
JDUDQWtD7DPELpQSXHGHHQYLDUVXWDUMHWDGHUHJLVWURSUHLPSUHVDTXHVHLQFOX\HHQHOPDWHULDOGHHPEDODMH
Was this manual useful for you? yes no
Thank you for your participation!

* Your assessment is very important for improving the work of artificial intelligence, which forms the content of this project

Download PDF

advertisement