Login- Download PDF Manual
-
3XVKGRZQRQWKHVFUHZGULYHUDQGPRYHWKHVHOHF WRUOHYHUIURPWKH³3´WRWKH³1´SRVLWLRQ 5HPRYH WKH VFUHZGULYHU IURP WKH KROH 'HSUHVV WKHEUDNHSHGDODQGVWDUWWKHHQJLQH
7DNH\RXUYHKLFOHWRWKHQHDUHVW68%$58GHDOHULP PHGLDWHO\WRKDYHWKHV\VWHPUHSDLUHG
$XWRPDWLFWUDQVPLVVLRQ ZLWK 632576+,)7PRGH±%$-$7XUER
'R QRW VKLIW IURP WKH ³3´ RU ³1´ SRVLWLRQ LQWR WKH³'´³´³´³´RU³5´SRVLWLRQZKLOHGH SUHVVLQJWKHDFFHOHUDWRUSHGDO7KLVPD\FDXVH WKHYHKLFOHWRMXPSIRUZDUGRUEDFNZDUG
y 6KLIW LQWR WKH ³3´ RU ³5´ SRVLWLRQ RQO\ DIWHU WKH YHKLFOH LV FRPSOHWHO\ VWRSSHG 6KLIWLQJ ZKLOHWKHYHKLFOHLVPRYLQJPD\FDXVHGDPDJH WRWKHWUDQVPLVVLRQ y 'RQRWUDFHWKHHQJLQHIRUPRUHWKDQILYHVHF RQGVLQDQ\SRVLWLRQH[FHSWWKH³1´RU³3´SR VLWLRQ ZKHQ WKH EUDNH LV VHW RU ZKHQ ZKHHO EORFNVDUHXVHG7KLVPD\FDXVHWKHDXWRPDWLF WUDQVPLVVLRQIOXLGWRRYHUKHDW y $YRLGVKLIWLQJIURPRQHRIWKHIRUZDUGGULYLQJ SRVLWLRQVLQWRWKH³5´SRVLWLRQRUYLFHYHUVDXQ WLO WKH YHKLFOH KDV FRPSOHWHO\ VWRSSHG 6XFK VKLIWLQJ PD\ FDXVH GDPDJH WR WKH WUDQVPLV
VLRQ
6HOHFWRUOHYHU
7KHDXWRPDWLFWUDQVPLVVLRQLVHOHFWURQLFDOO\FRQWUROOHG ZLWK IRUZDUG VSHHGV DQG UHYHUVH VSHHG $OVR LW KDVD632576+,)7PRGH
127( ,PPHGLDWHO\DIWHUDGLVFRQQHFWHGEDWWHU\LVUHFRQ QHFWHGRU$7) DXWRPDWLFWUDQVPLVVLRQIOXLG LVUH SODFHG\RXPD\IHHOWKDWWKHDXWRPDWLFWUDQVPLV VLRQRSHUDWLRQLVVRPHZKDWXQXVXDO 7KLV UHVXOWV IURP HUDVXUH RU LQYDOLGDWLRQ RI GDWD ZKLFK WKH RQERDUG FRPSXWHU KDV FROOHFWHG DQG VWRUHG LQ PHPRU\ WR DOORZ WKH WUDQVPLVVLRQ WR VKLIWDWWKHPRVWDSSURSULDWHWLPHVIRUWKHFXUUHQW FRQGLWLRQ RI \RXU YHKLFOH 2SWLPL]HG VKLIWLQJ ZLOO EHUHVWRUHGDVWKHYHKLFOHFRQWLQXHVWREHGULYHQ IRUDZKLOH
6WDUWLQJDQGRSHUDWLQJ
5HOHDVHEXWWRQ
UB7026BB
±&217,18('±
6WDUWLQJDQGRSHUDWLQJ
UB7025BA
:KHQWKHEUDNHSHGDOGHSUHVVHGVKLIWZKLOH
SUHVVLQJWKHEXWWRQLQ
6KLIWZKLOHSUHVVLQJWKHEXWWRQLQ 6KLIWZLWKRXWSUHVVLQJWKHEXWWRQ
7KHVHOHFWRUOHYHUKDVVHYHQSRVLWLRQV³3´³5´³1´ ³'´³´³´DQG³´DQGDOVRKDVDPDQXDOJDWHIRUXV LQJ³632576+,)7´PRGH 7KHUHOHDVHEXWWRQPXVWEHSXVKHGWRVHOHFWWKH³3´ ³5´RU³´SRVLWLRQV
T 3 3DUN 7KLVSRVLWLRQLVIRUSDUNLQJWKHYHKLFOHDQGVWDUWLQJWKH HQJLQH ,Q WKLV SRVLWLRQ WKH WUDQVPLVVLRQ LV PHFKDQLFDOO\
ORFNHGWRSUHYHQWWKHYHKLFOHIURPUROOLQJIUHHO\
:KHQ\RXSDUNWKHYHKLFOHILUVWVHWWKHSDUNLQJEUDNH IXOO\WKHQVKLIWLQWRWKH³3´SRVLWLRQ'RQRWKROGWKHYH KLFOHZLWKRQO\WKHWUDQVPLVVLRQ
$VKLIWLQWHUORFNIXQFWLRQLVHPSOR\HGLQWKHDXWRPDWLF WUDQVPLVVLRQV\VWHPWRHQVXUHVDIHVWDUWLQJRIWKHYH KLFOH
7RVKLIWWKHVHOHFWRUOHYHUIURPWKH³3´WRDQ\RWKHUSR VLWLRQ\RXKDYHWRGHSUHVVWKHEUDNHSHGDOIXOO\WKHQ SXVKWKHUHOHDVHEXWWRQRQWKHVHOHFWRUOHYHUZKHQWKH LJQLWLRQ VZLWFK LV LQ WKH ³21´ SRVLWLRQ 7KLV SUHYHQWV WKHYHKLFOHIURPOXUFKLQJZKHQLWLVVWDUWHG
,IWKHVKLIWOHYHUGRHVQRWPRYHIURPWKH³3´SRVLWLRQ ZLWK WKH EUDNH SHGDO GHSUHVVHG WKH UHOHDVH EXWWRQ SXVKHGLQDQGWKHLJQLWLRQVZLWFKLQWKH21SRVLWLRQ UHIHUWRWKH³6KLIWORFNUHOHDVH´VHFWLRQLQWKLVFKDSWHU
T 5 5HYHUVH 7KLVSRVLWLRQLVIRUEDFNLQJWKHYHKLFOH
7RVKLIWIURPWKH³1´WR³5´SRVLWLRQILUVWVWRSWKHYHKL FOHFRPSOHWHO\WKHQPRYHWKHOHYHUWRWKH³5´SRVLWLRQ ZKLOHSXVKLQJWKHUHOHDVHEXWWRQ
T 1 1HXWUDO
'RQRWGULYHWKHYHKLFOHZLWKWKHVHOHFWRUOHYHU LQ WKH ³1´ QHXWUDO SRVLWLRQ (QJLQH EUDNLQJ KDVQRHIIHFWLQWKLVFRQGLWLRQDQGWKHULVNRIDQ DFFLGHQWLVFRQVHTXHQWO\LQFUHDVHG
7KLVSRVLWLRQLVIRUUHVWDUWLQJDVWDOOHGHQJLQH ,Q WKLV SRVLWLRQ WKH ZKHHOV DQG WUDQVPLVVLRQ DUH QRW ORFNHG,QWKLVSRVLWLRQWKHWUDQVPLVVLRQLVQHXWUDO WKH YHKLFOHZLOOUROOIUHHO\HYHQRQWKHVOLJKWHVWLQFOLQHXQ OHVVWKHSDUNLQJEUDNHRUIRRWEUDNHLVRQ $YRLGFRDVWLQJZLWKWKHWUDQVPLVVLRQQHXWUDO 'XULQJFRDVWLQJWKHUHLVQRHQJLQHEUDNLQJHIIHFW
127( 7XUERPRGHO ,IWKHVHOHFWRUOHYHULVLQWKH³1´SRVLWLRQZKHQ\RX VWRS WKH HQJLQH IRU SDUNLQJ \RX PD\ QRW VXEVH TXHQWO\EHDEOHWRPRYHLWWRWKH³5´DQG³3´SRVL WLRQV ,I WKLV KDSSHQV WXUQ WKH LJQLWLRQ VZLWFK WR WKH³21´SRVLWLRQ
T ' 'ULYH 7KLVSRVLWLRQLVIRUQRUPDOGULYLQJ
6WDUWLQJDQGRSHUDWLQJ
7KH WUDQVPLVVLRQ DXWRPDWLFDOO\ VKLIWV LQWR D VXLWDEOH JHDU IURP VW WR WK DFFRUGLQJ WR WKH YHKLFOH VSHHG DQGWKHDFFHOHUDWLRQ\RXUHTXLUH
:KHQ PRUH DFFHOHUDWLRQ LV UHTXLUHG LQ WKLV SRVLWLRQ SUHVVWKHDFFHOHUDWRUSHGDOIXOO\WRWKHIORRUDQGKROG WKDW SRVLWLRQ 7KH WUDQVPLVVLRQ ZLOO DXWRPDWLFDOO\ GRZQVKLIWWRUGQGRUVWJHDU:KHQ\RXUHOHDVH WKH SHGDO WKH WUDQVPLVVLRQ ZLOO UHWXUQ WR WKH RULJLQDO JHDUSRVLWLRQ 7RXVHWKH632576+,)7PRGHPRYHWKHOHYHUIURP WKLVSRVLWLRQLQWRWKHPDQXDOJDWH
V :KLOHFOLPELQJDJUDGH :KHQGULYLQJXSDKLOOXQGHVLUHGXSVKLIWWRWKJHDULV SUHYHQWHG IURP WDNLQJ SODFH ZKHQ WKH DFFHOHUDWRU LV UHOHDVHG 7KLV PLQLPL]HV WKH FKDQFH RI VXEVHTXHQW GRZQVKLIWLQJWRDORZHUJHDUZKHQDFFHOHUDWLQJDJDLQ 7KLVSUHYHQWVUHSHDWHGXSVKLIWLQJDQGGRZQVKLIWLQJUH VXOWLQJLQDVPRRWKHURSHUDWLRQRIWKHYHKLFOH
127( 7KH WUDQVPLVVLRQ PD\ GRZQVKLIW WR QG RU VW JHDUGHSHQGLQJRQWKHZD\WKHDFFHOHUDWRUSHGDO LVSUHVVHGWRDFFHOHUDWHWKHYHKLFOHDJDLQ
V :KLOHJRLQJGRZQDKLOO :KHQ GHVFHQGLQJ D VWHHS KLOO GHSUHVVLQJ WKH EUDNH SHGDOZLOOFDXVHWKHWUDQVPLVVLRQWRGRZQVKLIWWRUG ±&217,18('±
6WDUWLQJDQGRSHUDWLQJ
JHDU WKXV DSSO\LQJ HQJLQH EUDNHLQJ 5HDFFHOHUDWLRQ IRUDVKRUWWLPHZLOOFDXVHWKHWUDQVPLVVLRQWRXSVKLIW QRUPDOO\
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
T 7KLUG 7KLVSRVLWLRQ LVIRUXVLQJHQJLQH EUDNLQJZKHQJRLQJ GRZQDKLOORUIRUFOLPELQJDJUDGH 7KH WUDQVPLVVLRQ DXWRPDWLFDOO\ VKLIWV LQWR D VXLWDEOH JHDU IURP VW WR UG DFFRUGLQJ WR WKH YHKLFOH VSHHG DQGWKHDFFHOHUDWLRQ\RXUHTXLUH
:KHQ PRUH DFFHOHUDWLRQ LV UHTXLUHG LQ WKLV SRVLWLRQ SUHVVWKHDFFHOHUDWRUSHGDOIXOO\WRWKHIORRUDQGKROG
WKDW SRVLWLRQ 7KH WUDQVPLVVLRQ ZLOO DXWRPDWLFDOO\ GRZQVKLIW WR QG RU VW JHDU :KHQ \RX UHOHDVH WKH SHGDOWKHWUDQVPLVVLRQZLOOUHWXUQWRWKHRULJLQDOJHDU SRVLWLRQ
T 6HFRQG 7RVKLIWIURPWKH³´WR³´SRVLWLRQSXVKWKHUHOHDVH EXWWRQ
7KLVSRVLWLRQLV IRU XVLQJHQJLQHEUDNLQJZKHQ JRLQJ GRZQDKLOORUIRUFOLPELQJDVWHHSJUDGH
,QWKLVSRVLWLRQWKHWUDQVPLVVLRQKROGVLQWKHQGJHDU 8VHWKLVSRVLWLRQZKHQVWDUWLQJRIIIURPDVWDQGVWLOORQ VOLSSHU\URDGVXUIDFHVVXFKDVPXGRUVQRZ,WZLOOHQ VXUHJUHDWHUWUDFWLRQ
T )LUVW 7KLV SRVLWLRQ LV IRU GULYLQJ XS RU GRZQ YHU\ VWHHS JUDGHVRUGULYLQJWKURXJKPXGRUVDQGRURQVOLSSHU\ VXUIDFHV,QWKLVSRVLWLRQWKHWUDQVPLVVLRQKROGVLQWKH VWJHDU
6HOHFWLRQRI632576+,)7PRGH PDQ
XDOPRGH
6WDUWLQJDQGRSHUDWLQJ
UBS094BB
UB7027BB
/DPSVKRZLQJZKHWKHUXSVKLIWLVSRVVLEOH /DPSVKRZLQJZKHWKHUGRZQVKLIWLVSRVVLEOH ,QGLFDWLRQRIFXUUHQWO\VHOHFWHGJHDU
6HOHFWRUOHYHU
6HOHFWWKH632576+,)7PRGHE\PRYLQJWKHVH OHFWRUOHYHULQWRWKHPDQXDOJDWHIURPWKH³'´SRVLWLRQ ZLWKWKHYHKLFOHVWDWLRQDU\RUPRYLQJ
2QFHWKH632576+,)7PRGHLVVHOHFWHGWKHFXU UHQWO\VHOHFWHGJHDULVVKRZQE\WKHVKLIWSRVLWLRQLQGL FDWRU LQ WKHPHWHUFOXVWHU1H[W WR WKLVLQGLFDWLRQ DU URZVKDSHGODPSVVKRZZKHWKHUDQXSVKLIWLVSRVVL EOHDQGZKHWKHUDGRZQVKLIWLVSRVVLEOH /DPSV VKRZLQJ ZKHWKHU XSVKLIWLQJ DQG GRZQVKLIWLQJ DUHSRVVLEOH ODPSVVKRZZKHWKHUXSVKLIWLQJDQG 7KH DQG GRZQVKLIWLQJ DUH SRVVLEOH :KHQ ERWK ODPSV DUH RII 632576+,)7 RSHUDWLRQ LV QRW SRVVLEOH :KHQ ERWK ODPSV DUH RQ XSVKLIWLQJ DQG GRZQVKLIWLQJ DUH ERWK ±&217,18('±
6WDUWLQJDQGRSHUDWLQJ
SRVVLEOH:KHQRQO\WKH LQJ LV SRVVLEOH :KHQ RQO\ WKH GRZQVKLIWLQJLVSRVVLEOH
ODPSLVRQRQO\XSVKLIW ODPS LV RQ RQO\
3HUIRUP JHDUVKLIWV XVLQJ WKH VHOHFWRU OHYHU
8SVKLIWLQJ 6KLIW WR WKH QH[WKLJKHU JHDU LQ WKH VWWRWKJHDU UDQJH E\ SXVKLQJ WKH VHOHFWRU OHYHU WRZDUG WKH ³´ HQGRIWKHPDQXDOJDWH
'RZQVKLIWLQJ 6KLIW WR WKH QH[WORZHU JHDU LQ WKH VWWRWKJHDU UDQJH E\ SXVKLQJ WKH VHOHFWRU OHYHU WRZDUG WKH ³±´ HQGRIWKHPDQXDOJDWH
7RGHVHOHFWWKH632576+,)7PRGHUHWXUQWKHVH OHFWRUOHYHUWRWKH³'´SRVLWLRQIURPWKHPDQXDOJDWH
127( 3OHDVHUHDGWKHIROORZLQJSRLQWVFDUHIXOO\DQGEHDU WKHPLQPLQGZKHQXVLQJWKH632576+,)7PRGH y :KHQ WKH WHPSHUDWXUH RI WKH DXWRPDWLF WUDQV PLVVLRQIOXLGLVORZHURUKLJKHUWKDQQRUPDOZDUQ LQJEHHSVDUHHPLWWHGDQGWKHVKLIWSRVLWLRQLQGLFD WRUVKRZV³±´,IWKHVHZDUQLQJVDUHLVVXHGGHVH OHFW WKH 632576+,)7 PRGH WR SURWHFW WKH DXWR
PDWLFWUDQVPLVVLRQIURPGDPDJH y $XWRPDWLF JHDUVKLIWV GR QRW WDNH SODFH LQ WKH 62576+,)7 PRGH 3HUIRUP JHDUVKLIWV LQ DFFRU GDQFHZLWKURDGFRQGLWLRQVVRWKDWWKHWDFKRPHWHU QHHGOHGRHVQRWHQWHUWKHUHG]RQH,IWKHHQJLQH VSHHG UHDFKHV D SUHGHWHUPLQHG OHYHO D IXHOFXW IXQFWLRQZLOORSHUDWH6KLIWXSLIWKLVKDSSHQV y ,I \RX DWWHPSW WR VKLIW GRZQ ZKHQ WKH HQJLQH VSHHG LV WRR KLJK LH ZKHQ D GRZQVKLIW ZRXOG SXVKWKHWDFKRPHWHUQHHGOHEH\RQGWKHUHG]RQH EHHSVZLOOEHHPLWWHGWRZDUQ\RXWKDWWKHGRZQ VKLIWLVQRWSRVVLEOH y ,I\RXDWWHPSWWRVKLIWXSZKHQWKHYHKLFOHVSHHG LVWRRORZWKHWUDQVPLVVLRQZLOOQRWUHVSRQG y
T 0D[LPXPVSHHGV
:KHQGRZQVKLIWLQJDJHDUHQVXUHWKDWWKHYH KLFOHLVQRWWUDYHOOLQJDWDVSHHGH[FHHGLQJWKH 0D[LPXP $OORZDEOH 6SHHG IRU WKH JHDU ZKLFK
LVDERXWWREHVHOHFWHG)DLOXUHWRREVHUYHWKLV SUHFDXWLRQFDQOHDGWRHQJLQHRYHUUHYYLQJDQG WKLVLQWXUQFDQUHVXOWLQHQJLQHGDPDJH ,QDGGLWLRQVXGGHQDSSOLFDWLRQRIHQJLQHEUDN LQJFDXVHGE\GRZQVKLIWLQJZKHQWKHYHKLFOHLV WUDYHOOLQJ RQ D VOLSSHU\ VXUIDFH FDQ OHDG WR ZKHHOORFNLQJ DVDFRQVHTXHQFHFRQWURORIWKH YHKLFOHPD\EHORVWDQGWKHULVNRIDQDFFLGHQW LQFUHDVHG
7KHIROORZLQJWDEOHVVKRZWKHPD[LPXPVSHHGVWKDW DUHSRVVLEOHZLWKHDFKGLIIHUHQWJHDU
:KHQGRZQVKLIWLQJLWLVLPSRUWDQWWRFRQILUPWKDWWKH FXUUHQWYHKLFOHVSHHGLVQRWLQH[FHVVRIWKH0D[LPXP $OORZDEOH6SHHGRIWKHJHDUZKLFKLVDERXWWREHVH OHFWHG
PSK NPK
3RVLWLRQ
%$-$7XUER
632576+,)7PRGH
6WDUWLQJDQGRSHUDWLQJ
1HYHUH[FHHGSRVWHGVSHHGOLPLWV
127( y ,QRUGHUWRSUHYHQWRYHUUHYYLQJGXULQJDFFHOHU DWLRQRIWKHYHKLFOHWKHWUDQVPLVVLRQZLOODXWRPDW LFDOO\VKLIWWRWKHQH[WKLJKHUJHDULIWKH0D[LPXP $OORZDEOH6SHHGIRUWKHFXUUHQWJHDULVUHDFKHG y 6LPLODUO\ LQ RUGHU WR SUHYHQW RYHUUHYYLQJ GXU LQJ GHFHOHUDWLRQ RI WKH YHKLFOH WKH WUDQVPLVVLRQ ZLOOUHPDLQLQWKHFXUUHQWJHDULIWKHVSHHGRIWKH YHKLFOH LV LQ H[FHVV RI WKH 0D[LPXP $OORZDEOH 6SHHGIRUWKHJHDUWRZKLFKWKHVHOHFWRUOHYHUKDV EHHQPRYHG
'ULYLQJWLSV y $OZD\VDSSO\WKHIRRWRUSDUNLQJEUDNHZKHQWKHYH KLFOHLVVWRSSHGLQWKH³'´³´³´³´RU³5´SRVLWLRQ y $OZD\VVHWWKHSDUNLQJEUDNHZKHQSDUNLQJ\RXUYH KLFOH'RQRWKROGWKHYHKLFOHZLWKRQO\WKHWUDQVPLV VLRQ y 'RQRWNHHSWKHYHKLFOHLQDVWDWLRQDU\SRVLWLRQRQ DQXSKLOOJUDGHE\XVLQJWKH³'´³´³´RU³´SRVLWLRQ 8VHWKHEUDNHLQVWHDG y 7KHHQJLQHPD\RQUDUHRFFDVLRQVNQRFNZKHQWKH YHKLFOHUDSLGO\DFFHOHUDWHVRUUDSLGO\SXOOVDZD\IURP D VWDQGVWLOO 7KLV SKHQRPHQRQ GRHV QRW LQGLFDWH D IDXOW
±&217,18('±
6WDUWLQJDQGRSHUDWLQJ
6KLIWORFNUHOHDVH ,IWKHVHOHFWRUOHYHUGRHVQRWPRYHIURPWKH³3´SRVL WLRQ ZLWK WKH EUDNH SHGDO GHSUHVVHG DQG WKH LJQLWLRQ VZLWFK LQ WKH ³21´ SRVLWLRQ SHUIRUP WKH IROORZLQJ VWHSV 7RRYHUULGHWKHVKLIWORFN 6HWWKHSDUNLQJEUDNHDQGVWRSWKHHQJLQH 7DNHRXWWKHVFUHZGULYHUIURPWKHWRROEDJ 5HPRYHWKHFRYHUE\SU\LQJRQWKHHGJHZLWKWKH UHJXODUVFUHZGULYHU
UB7037BA
,QVHUWWKHVFUHZGULYHULQWRWKHKROH 3XVKGRZQRQWKHVFUHZGULYHUSXVKGRZQWKHEXW WRQDQGPRYHWKHVHOHFWRUOHYHUIURPWKH³3´WRWKH³1´ SRVLWLRQ 5HPRYH WKH VFUHZGULYHU IURP WKH KROH 'HSUHVV WKHEUDNHSHGDODQGVWDUWWKHHQJLQH
7DNH\RXUYHKLFOHWRWKHQHDUHVW68%$58GHDOHULP PHGLDWHO\WRKDYHWKHV\VWHPUHSDLUHG
UB7029BA
/LPLWHGVOLSGLIIHUHQWLDO /6'
3RZHUVWHHULQJ
6WDUWLQJDQGRSHUDWLQJ
y 1HYHUVWDUWWKHHQJLQHZKLOHDWLUHRQRQHVLGH LVMDFNHGXSDVWKHYHKLFOHPD\PRYH y ,IRQHUHDUWLUHLVVSLQQLQJLQPXGDYRLGFRQ WLQXHGVSLQQLQJDWKLJKVSHHGDVWKLVFRXOGDG YHUVHO\DIIHFWWKH/6' y ,IDGLIIHUHQWVL]HUHDUWLUHLVWHPSRUDULO\XVHG DVLQDQHPHUJHQF\ LWZLOODGYHUVHO\DIIHFWWKH /6'$OZD\VUHSODFHLWZLWKDUHJXODUVL]HWLUHDV VRRQDVSRVVLEOH
7KH /6'SURYLGHV RSWLPXP GLVWULEXWLRQ RI SRZHU DF FRUGLQJ WR WKH GLIIHUHQFH LQ UHYROXWLRQV EHWZHHQ WKH ULJKWDQGOHIWUHDUZKHHOVWKDWPD\EHFDXVHGE\FHU WDLQGULYLQJFRQGLWLRQVWKHUHE\LPSURYLQJGULYLQJVWD ELOLW\RQVQRZFRYHUHGPXGG\RURWKHUVOLSSHU\URDGV
'R QRW KROG WKH VWHHULQJ ZKHHO DW WKH IXOO\ ORFNHG SRVLWLRQOHIWRUULJKWIRUPRUHWKDQILYH VHFRQGV7KLVPD\GDPDJHWKHSRZHUVWHHULQJ SXPS
7KH SRZHU VWHHULQJ V\VWHP RSHUDWHV RQO\ ZKHQ WKH HQJLQHLVUXQQLQJ ,I\RXORVHSRZHUVWHHULQJDVVLVWEHFDXVHWKHHQJLQH VWRSVRUWKHV\VWHPIDLOVWRIXQFWLRQ\RXFDQVWHHUEXW LWZLOOWDNHPXFKPRUHHIIRUW
127( 5LJKWDIWHUWKHHQJLQHKDVEHHQVWDUWHGDQGEHIRUH LW KDV ZDUPHG XS \RX PD\ KHDU D QRLVH FRPLQJ IURP DUHDV DGMDFHQW WR WKH SRZHU VWHHULQJ SXPS ZKLFKLVORFDWHGDWWKHULJKWIURQW DUHDRI WKHHQ JLQH FRPSDUWPHQW 7KLV QRLVH LV QRUPDO ,W GRHV QRWLQGLFDWHSRZHUVWHHULQJV\VWHPWURXEOH
±&217,18('±
6WDUWLQJDQGRSHUDWLQJ
%UDNLQJ
%UDNLQJWLSV
1HYHU UHVW \RXU IRRW RQ WKH EUDNH SHGDO ZKLOH GULYLQJ7KLVFDQFDXVHGDQJHURXVRYHUKHDWLQJ RIWKHEUDNHVDQG QHHGOHVV ZHDU RQ WKHEUDNH SDGVDQGOLQLQJV
T :KHQWKHEUDNHVJHWZHW :KHQGULYLQJLQUDLQRUDIWHUZDVKLQJWKHYHKLFOHWKH EUDNHVPD\JHWZHW$VDUHVXOWEUDNHVWRSSLQJGLV WDQFHZLOOEHORQJHU7RGU\WKHEUDNHVGULYHWKHYHKL FOHDWDVDIHVSHHGZKLOHOLJKWO\GHSUHVVLQJWKHEUDNH SHGDOWRKHDWXSWKHEUDNHV
T 8VHRIHQJLQHEUDNLQJ 5HPHPEHUWRPDNHXVHRIHQJLQHEUDNLQJLQDGGLWLRQ WRIRRWEUDNLQJ:KHQGHVFHQGLQJDJUDGHLIRQO\WKH IRRWEUDNHLVXVHGWKHEUDNHV PD\VWDUWZRUNLQJLP SURSHUO\ EHFDXVH RI EUDNH IOXLG RYHUKHDWLQJ FDXVHG E\RYHUKHDWHGEUDNHSDGV7RKHOSSUHYHQWWKLVVKLIW LQWRDORZHUJHDUWRJHWVWURQJHUHQJLQHEUDNLQJ
T %UDNLQJZKHQDWLUHLVSXQFWXUHG 'RQRWGHSUHVVWKHEUDNHSHGDOVXGGHQO\ZKHQDWLUH LVSXQFWXUHG7KLVFRXOGFDXVHDORVVRIFRQWURORIWKH YHKLFOH .HHS GULYLQJ VWUDLJKW DKHDG ZKLOH JUDGXDOO\ UHGXFLQJVSHHG7KHQVORZO\SXOORIIWKHURDGWRDVDIH SODFH
%UDNHV\VWHP
T 7ZRVHSDUDWHFLUFXLWV
T %UDNHERRVWHU 7KH EUDNH ERRVWHU XVHV HQJLQH PDQLIROG YDFXXP WR DVVLVWEUDNLQJIRUFH'RQRWWXUQRIIWKHHQJLQHZKLOH GULYLQJEHFDXVHWKDWZLOOWXUQRIIWKHEUDNHERRVWHUUH VXOWLQJLQSRRUEUDNLQJSRZHU 7KHEUDNHVZLOOFRQWLQXHWRZRUNHYHQZKHQWKHEUDNH ERRVWHUFRPSOHWHO\VWRSVIXQFWLRQLQJ,IWKLVKDSSHQV KRZHYHU\RXZLOOKDYHWRSXVKWKHSHGDOPXFKKDUGHU
WKDQQRUPDODQGWKHEUDNLQJGLVWDQFHZLOOLQFUHDVH
$%6 $QWLORFN%UDNH6\VWHP
'LVFEUDNHSDGZHDUZDUQLQJLQGLFD
WRUV
6WDUWLQJDQGRSHUDWLQJ
HS7012BA
7KH GLVF EUDNH SDG ZHDU ZDUQLQJ LQGLFDWRUV RQ WKH GLVFEUDNHVJLYHDZDUQLQJQRLVHZKHQWKHEUDNHSDGV DUHZRUQ ,IDVTXHDNLQJRUVFUDSLQJQRLVHLVKHDUGIURPWKHGLVF EUDNHV ZKLOH EUDNLQJ LPPHGLDWHO\ KDYH \RXU YHKLFOH FKHFNHGE\\RXU68%$58GHDOHU
$OZD\V XVH WKH XWPRVW FDUH LQ GULYLQJ ± RYHU FRQILGHQFH EHFDXVH \RX DUH GULYLQJ ZLWK DQ $%6HTXLSSHGYHKLFOHFRXOGHDVLO\OHDGWRDVH ULRXVDFFLGHQW
y 7KH $%6 V\VWHP GRHV QRW DOZD\V GHFUHDVH VWRSSLQJGLVWDQFH
±&217,18('±
6WDUWLQJDQGRSHUDWLQJ
7KH$%6V\VWHPSUHYHQWVWKHORFNXSRIZKHHOVZKLFK PD\RFFXUGXULQJVXGGHQEUDNLQJRUEUDNLQJRQVOLS SHU\ URDG VXUIDFHV 7KLV KHOSV SUHYHQW WKH ORVV RI VWHHULQJ FRQWURO DQG GLUHFWLRQDO VWDELOLW\ FDXVHG E\ ZKHHOORFNXS
:KHQWKH$%6V\VWHPLVRSHUDWLQJ\RXPD\KHDUD FKDWWHULQJQRLVHRUIHHODVOLJKWYLEUDWLRQLQWKHEUDNH SHGDO7KLVLVQRUPDOZKHQWKH$%6RSHUDWHV
7KH $%6 V\VWHP ZLOO QRW RSHUDWH ZKHQ WKH YHKLFOH VSHHGLVEHORZDSSUR[LPDWHO\PSK NPK
$%6V\VWHPVHOIFKHFN
$%6ZDUQLQJOLJKW
UB4010GA
7KH $%6 ZDUQLQJ OLJKW FRPHV RQ ZKHQ WKH LJQLWLRQ VZLWFKLVWXUQHGWRWKH³21´SRVLWLRQDQGJRHVRXWDIWHU DERXWWZRVHFRQGV 7KLVLV DQ LQGLFDWLRQ WKDWWKH $%6V\VWHPLV ZRUNLQJ SURSHUO\
,IWKHZDUQLQJOLJKWEHKDYHVDVIROORZVWKH$%6
V\VWHPPD\QRWEHZRUNLQJSURSHUO\ :KHQWKHZDUQLQJOLJKWLVRQWKH$%6IXQFWLRQ VKXWV GRZQ KRZHYHU WKH FRQYHQWLRQDO EUDNH V\VWHPFRQWLQXHVWRRSHUDWHQRUPDOO\y 7KHZDUQLQJOLJKWGRHVQRWFRPHRQZKHQWKH LJQLWLRQVZLWFKLVWXUQHGWRWKH³21´SRVLWLRQ y 7KHZDUQLQJOLJKWFRPHVRQZKHQWKHLJQLWLRQ VZLWFK LV WXUQHG WR WKH ³21´ SRVLWLRQ EXW LW GRHV QRW JR RXW HYHQ ZKHQ WKH YHKLFOH VSHHG H[FHHGVDSSUR[LPDWHO\PSK NPK y 7KHZDUQLQJOLJKWFRPHVRQGXULQJGULYLQJ ,IWKHVHRFFXUKDYHWKH$%6V\VWHPUHSDLUHGDW WKHILUVWDYDLODEOHRSSRUWXQLW\E\\RXU68%$58
GHDOHU127( ,I WKH ZDUQLQJ OLJKW EHKDYLRU LV DV GHVFULEHG EH ORZWKH$%6V\VWHPPD\EHFRQVLGHUHGQRUPDO y 7KH ZDUQLQJ OLJKW FRPHV RQ ULJKW DIWHU WKH HQ JLQHLVVWDUWHGEXWJRHVRXWLPPHGLDWHO\UHPDLQ LQJRII y 7KH ZDUQLQJ OLJKW UHPDLQV RQ DIWHU WKH HQJLQH KDVEHHQVWDUWHGEXWLWJRHVRXWZKHQWKHYHKLFOH VSHHGUHDFKHVDERXWPSK NPK y 7KHZDUQLQJOLJKWFRPHVRQGXULQJGULYLQJEXW LWJRHVRXWLPPHGLDWHO\DQGUHPDLQVRII
:KHQGULYLQJZLWKDQLQVXIILFLHQWEDWWHU\YROWDJHVXFK DVZKHQWKHHQJLQHLVMXPSVWDUWHGWKH$%6ZDUQLQJ OLJKWPD\FRPHRQ7KLVLVGXHWRWKHORZEDWWHU\YROW DJH DQG GRHV QRW LQGLFDWH D PDOIXQFWLRQ :KHQ WKH
6WDUWLQJDQGRSHUDWLQJ
EDWWHU\EHFRPHVIXOO\FKDUJHGWKHOLJKWZLOOJRRXW
±&217,18('±
6WDUWLQJDQGRSHUDWLQJ
3DUNLQJ\RXUYHKLFOH
y 1HYHU OHDYH XQDWWHQGHG FKLOGUHQ RU SHWV LQ WKH YHKLFOH 7KH\ FRXOG DFFLGHQWDOO\ LQMXUH WKHPVHOYHVRURWKHUVWKURXJKLQDGYHUWHQWRSHU DWLRQRIWKHYHKLFOH$OVRRQKRWRUVXQQ\GD\V WKH WHPSHUDWXUH LQ D FORVHG YHKLFOH FRXOG TXLFNO\ EHFRPH KLJK HQRXJK WR FDXVH VHYHUH RUSRVVLEO\IDWDOLQMXULHVWRWKHP y 'RQRWSDUNWKHYHKLFOHRYHUIODPPDEOHPDWH ULDOVVXFKDVGU\JUDVVZDVWHSDSHURUUDJVDV WKH\PD\EXUQHDVLO\LIWKH\FRPHQHDUKRWHQ JLQHRUH[KDXVWV\VWHPSDUWV y %HVXUHWRVWRSWKHHQJLQHLI\RXWDNHDQDSLQ WKH YHKLFOH ,I HQJLQH H[KDXVW JDV HQWHUV WKH SDVVHQJHU FRPSDUWPHQW RFFXSDQWV LQ WKH YH KLFOH FRXOG GLH IURP FDUERQ PRQR[LGH &2 FRQWDLQHGLQWKHH[KDXVWJDV
1HYHU GULYH ZKLOH WKH SDUNLQJ EUDNH LV VHW EH FDXVHWKLVZLOOFDXVHXQQHFHVVDU\ZHDURQWKH EUDNH OLQLQJV %HIRUH VWDUWLQJ WR GULYH DOZD\V
PDNHVXUHWKDWWKHSDUNLQJEUDNHKDVEHHQIXOO\ UHOHDVHG
7RVHWWKHSDUNLQJEUDNHSUHVVWKHEUDNHSHGDOILUPO\ DQG KROG LW GRZQ ZKLOH IXOO\ SXOOLQJ XS WKH SDUNLQJ EUDNHOHYHU
UB4001BA
7RUHOHDVHWKHSDUNLQJEUDNHSXOOWKHOHYHUXSVOLJKWO\ SUHVV WKH UHOHDVH EXWWRQ WKHQ ORZHU WKH OHYHU ZKLOH NHHSLQJWKHEXWWRQSUHVVHG :KHQWKHSDUNLQJEUDNHLVVHWZKLOHWKHHQJLQHLVUXQ QLQJWKHSDUNLQJEUDNHZDUQLQJOLJKWFRPHVRQ$IWHU VWDUWLQJWKHYHKLFOHEHVXUHWKDWWKHZDUQLQJOLJKWKDV JRQH RXW EHIRUH WKH YHKLFOH LV GULYHQ 5HIHU WR WKH
³:DUQLQJDQGLQGLFDWRUOLJKWV´VHFWLRQ FKDSWHU
:KHQ SDUNLQJ \RXU YHKLFOH DOZD\V VHW WKH SDUNLQJ EUDNHILUPO\DQGSXWWKHVKLIWOHYHULQWKH³´ VW IRUDQ XSJUDGHRU³5´ 5HYHUVH IRUDGRZQJUDGHIRUPDQXDO WUDQVPLVVLRQYHKLFOHVRULQWKH³3´ 3DUN SRVLWLRQIRU DXWRPDWLFWUDQVPLVVLRQYHKLFOHV$OZD\VVHWWKHSDUN LQJEUDNHILUPO\ZKHQSDUNLQJ\RXUYHKLFOH1HYHUUHO\ RQWKHWUDQVPLVVLRQDORQHWRKROGWKHYHKLFOH
:KHQSDUNLQJRQDKLOODOZD\VWXUQWKHVWHHULQJZKHHO :KHQ WKH YHKLFOH LV KHDGHG XS WKH KLOO WKH IURQW ZKHHOVVKRXOGEHWXUQHGDZD\IURPWKHFXUE
UB7033AA
6WDUWLQJDQGRSHUDWLQJ
:KHQ IDFLQJ GRZQKLOO WKH IURQW ZKHHOV VKRXOG EH WXUQHGLQWRWKHFXUE
UB7032AA
±&217,18('±
6WDUWLQJDQGRSHUDWLQJ
&UXLVHFRQWURO
'RQRWXVHWKHFUXLVHFRQWUROXQGHUDQ\RIWKH IROORZLQJ FRQGLWLRQV 7KLV PD\ FDXVH ORVV RI YHKLFOHFRQWURO y GULYLQJXSRUGRZQDVWHHSJUDGH y GULYLQJRQVOLSSHU\RUZLQGLQJURDGV y GULYLQJLQKHDY\WUDIILF
&UXLVHFRQWUROHQDEOHV\RXWRPDLQWDLQDFRQVWDQWYH KLFOHVSHHGZLWKRXWKROGLQJ\RXUIRRWRQWKHDFFHOHUD WRUSHGDODQGLWLVRSHUDWLYHZKHQWKHYHKLFOHVSHHGLV PSK NPK RUPRUH0DNHVXUHWKHPDLQVZLWFK LVWXUQHG³2))´ZKHQWKHFUXLVHFRQWUROLVQRWLQXVHWR DYRLGXQLQWHQWLRQDOO\E\VHWWLQJWKHFUXLVHFRQWURO
7RVHWFUXLVHFRQWURO
UB7038BA
ACC RES CAN CEL SETCOAST
HS7018BA
3XVKWKH³&58,6(´PDLQVZLWFK7KHLQGLFDWRUOLJKW RQWKHVZLWFKZLOOFRPHRQ 'HSUHVV WKH DFFHOHUDWRU SHGDO XQWLO WKH YHKLFOH UHDFKHVWKHGHVLUHGVSHHG 3XVK WKH FRQWURO OHYHU GRZQZDUG LQ WKH ³6(7 &2$67´GLUHFWLRQDQGUHOHDVHLW7KHQUHOHDVHWKHDF FHOHUDWRUSHGDO 7KHYHKLFOHZLOOPDLQWDLQWKHGHVLUHGVSHHG
6WDUWLQJDQGRSHUDWLQJ
:KHQ WKH DFFHOHUDWRU SHGDO LV UHOHDVHG WKH YHKLFOH ZLOOUHWXUQWRDQGPDLQWDLQWKHSUHYLRXVFUXLVLQJVSHHG
7RWHPSRUDULO\FDQFHOWKHFUXLVHFRQ
WURO
7KHUHDUHIRXUZD\VWRFDQFHOWKHFUXLVHFRQWUROWHP SRUDULO\ y 'HSUHVVWKHEUDNHSHGDO y 3XOOWKHFRQWUROOHYHULQWKH³&$1&(/´GLUHFWLRQ LI VRHTXLSSHG y 'HSUHVVWKHFOXWFKSHGDO PDQXDOWUDQVPLVVLRQYH KLFOHVRQO\ y 6KLIW WKH VHOHFWRU OHYHU LQWR WKH ³1´ SRVLWLRQ DXWR PDWLFWUDQVPLVVLRQYHKLFOHVRQO\
UB4010KA
´LQGLFDWRUOLJKWLVLOOXPLQDWHGLQ
$WWKLVWLPHWKH³ WKHFRPELQDWLRQPHWHU 9HKLFOH VSHHG FDQ EH WHPSRUDULO\ LQFUHDVHG ZKLOH GULYLQJ ZLWK WKH FUXLVH FRQWURO DFWLYDWHG 6LPSO\ GH SUHVVWKHDFFHOHUDWRUSHGDOWRDFFHOHUDWHWKHYHKLFOH
´ LQGLFDWRU OLJKW LQ WKH FRPELQDWLRQ PHWHU
7KH ³ JRHVRIIZKHQWKHFUXLVHFRQWUROLVFDQFHOOHG 7RUHVXPHWKHFUXLVHFRQWURODIWHULWKDVEHHQWHPSR UDULO\ FDQFHOHG DQG ZLWK YHKLFOH VSHHG RI DERXW PSK NPK RUPRUHSXVKWKHFRQWUROOHYHUXSZDUG LQ WKH ³$&&(/ 5(680(´ GLUHFWLRQ WR UHWXUQ WR WKH RULJLQDOFUXLVLQJVSHHGDXWRPDWLFDOO\ 7KH ³ ZLOODXWRPDWLFDOO\FRPHRQDWWKLVWLPH
´ LQGLFDWRU OLJKW LQ WKH FRPELQDWLRQ PHWHU
±&217,18('±
6WDUWLQJDQGRSHUDWLQJ
7RWXUQRIIWKHFUXLVHFRQWURO 7KHUHDUHWZRZD\VWRWXUQRIIWKHFUXLVHFRQWURO y 3XVKWKHPDLQVZLWFKDJDLQ y 7XUQ WKH LJQLWLRQ VZLWFK WR WKH ³$&&´ SRVLWLRQ EXW RQO\ZKHQWKHYHKLFOHLVFRPSOHWHO\VWRSSHG
7RFKDQJHWKHFUXLVLQJVSHHG
T 7RLQFUHDVHWKHVSHHG E\FRQWUROOHYHU 3XVK WKH FRQWURO OHYHU XSZDUG LQ WKH ³$&&(/ 5( 680(´GLUHFWLRQDQGKROGLWXQWLOWKHYHKLFOHUHDFKHV WKH GHVLUHG VSHHG 7KHQ UHOHDVH WKH FRQWURO OHYHU 7KHYHKLFOHVSHHGDWWKDWPRPHQWZLOOEHPHPRUL]HG DQGWUHDWHGDVWKHQHZVHWVSHHG
:KHQWKHGLIIHUHQFHEHWZHHQWKHDFWXDOYHKLFOHVSHHG DQGWKHVHWVSHHGLVOHVVWKDQPSK NPK WKH VHW VSHHG FDQ EH LQFUHDVHG PSK NPK HDFK WLPHE\SUHVVLQJWKHFRQWUROOHYHUXSZDUGLQWKH³$& &(/5(680(´GLUHFWLRQTXLFNO\ZLWKLQDKDOIVHFRQG
T 7RLQFUHDVHWKHVSHHG E\DFFHOHUDWRUSHGDO 'HSUHVVWKHDFFHOHUDWRUSHGDOWRDFFHOHUDWHWKHYH KLFOHWRWKHGHVLUHGVSHHG 3XVK WKH FRQWURO OHYHU GRZQZDUG LQ WKH ³6(7 &2$67´GLUHFWLRQRQFH1RZWKHGHVLUHGVSHHGLVVHW DQGWKHYHKLFOHZLOONHHSUXQQLQJDWWKDWVSHHGZLWKRXW
GHSUHVVLQJWKHDFFHOHUDWRUSHGDO
127( ,IWKHGLIIHUHQFHEHWZHHQWKHDFWXDOYHKLFOHVSHHG ZKHQ WKH FRQWURO OHYHU LV SXVKHG GRZQZDUG DQG WKH VSHHG ODVW WLPH\RXVHW LW LV OHVV WKDQ PSK NPK WKHYHKLFOHVSHHGZLOOEHORZHUHGE\ PSK NPK 7KLV RFFXUV EHFDXVH WKH FUXLVH FRQWUROV\VWHPXQLWUHJDUGVWKLVOHYHURSHUDWLRQDV WKDWLQWHQGHGWRGHFUHDVHWKHYHKLFOHVSHHG
T 7RGHFUHDVHWKHVSHHG E\FRQWUROOHYHU 3XVKWKHFRQWUROOHYHUGRZQZDUGLQWKH³6(7&2$67´ GLUHFWLRQDQGKROGLWXQWLOWKHYHKLFOHUHDFKHVWKHGH VLUHGVSHHG7KHQUHOHDVHWKHFRQWUROOHYHU7KHYHKL FOHVSHHGDWWKDWPRPHQWZLOOEHPHPRUL]HGDQGWUHDW HGDVWKHQHZVHWVSHHG
:KHQWKHGLIIHUHQFHEHWZHHQWKHDFWXDOYHKLFOHVSHHG DQGWKHVHWVSHHGLVOHVVWKDQPSK NPK WKH VHWVSHHGFDQEHORZHUHGPSK NPK HDFKWLPH E\ SUHVVLQJ WKH FRQWURO OHYHU GRZQZDUG LQ WKH ³6(7 &2$67´GLUHFWLRQTXLFNO\ZLWKLQDKDOIVHFRQG
T 7RGHFUHDVHWKHVSHHG E\EUDNHSHGDO 'HSUHVVWKHEUDNHSHGDOWRUHOHDVHFUXLVHFRQWURO WHPSRUDULO\ :KHQWKHVSHHGGHFUHDVHVWRWKHGHVLUHGVSHHG
SUHVV WKH FRQWURO OHYHU GRZQZDUG LQ WKH ³6(7 &2$67´GLUHFWLRQRQFH1RZWKHGHVLUHGVSHHGLVVHW DQGWKHYHKLFOHZLOONHHSUXQQLQJDWWKDWVSHHGZLWKRXW GHSUHVVLQJWKHDFFHOHUDWRUSHGDO
6WDUWLQJDQGRSHUDWLQJ
±&217,18('±
'ULYLQJWLSV
1HZYHKLFOHEUHDNLQGULYLQJ±WKHILUVW
PLOHV NP )XHOHFRQRP\KLQWV (QJLQHH[KDXVWJDV &DUERQPRQR[LGH &DWDO\WLFFRQYHUWHU 3HULRGLFLQVSHFWLRQV 'ULYLQJLQIRUHLJQFRXQWULHV 'ULYLQJWLSVIRU$:'YHKLFOHV 2IIURDGGULYLQJ :LQWHUGULYLQJ /RDGLQJ\RXUYHKLFOH
2SHUDWLRQGXULQJFROGZHDWKHU 'ULYLQJRQVQRZ\DQGLF\URDGV &RUURVLRQSURWHFWLRQ 6QRZWLUHV 7LUHFKDLQV 5RFNLQJWKHYHKLFOH
9HKLFOHFDSDFLW\ZHLJKW *9:5DQG*$:5 *URVV9HKLFOH:HLJKW
5DWLQJDQG*URVV$[OH:HLJKW5DWLQJ
&RQQHFWLQJDWUDLOHU :KHQ\RXGRQRWWRZDWUDLOHU
7UDLOHUKLWFK LIHTXLSSHG 7UDLOHUWRZLQJ
:DUUDQWLHVDQGPDLQWHQDQFH 0D[LPXPORDGOLPLWV 7UDLOHUKLWFKHV &RQQHFWLQJDWUDLOHU 7UDLOHUWRZLQJWLSV
'ULYLQJWLSV
'ULYLQJWLSV1HZYHKLFOHEUHDNLQGULYLQJ±WKH ILUVWPLOHV NP
7KHSHUIRUPDQFHDQGORQJOLIHRI\RXUYHKLFOHDUHGH SHQGHQWRQKRZ\RXKDQGOHDQGFDUHIRU\RXUYHKLFOH ZKLOH LW LV QHZ )ROORZ WKHVH LQVWUXFWLRQV GXULQJ WKH ILUVWPLOHV NP y 'R QRW UDFH WKH HQJLQH $QG GR QRW DOORZ HQJLQH VSHHGWRH[FHHGUSPH[FHSWLQDQHPHUJHQF\ y 'R QRW GULYH DW RQH FRQVWDQW HQJLQH RU YHKLFOH VSHHGIRUDORQJWLPHHLWKHUIDVWRUVORZ y $YRLGVWDUWLQJVXGGHQO\DQGUDSLGDFFHOHUDWLRQH[ FHSWLQDQHPHUJHQF\ y $YRLGKDUGEUDNLQJH[FHSWLQDQHPHUJHQF\
7KHVDPHEUHDNLQSURFHGXUHVVKRXOGEHDSSOLHGWRD QHZO\ LQVWDOOHG RU RYHUKDXOHG HQJLQH RU ZKHQ EUDNH SDGVRUEUDNHOLQLQJVDUHUHSODFHGZLWKQHZRQHV
)XHOHFRQRP\KLQWV
7KHIROORZLQJVXJJHVWLRQVZLOOKHOSWRVDYH\RXUIXHO
y 6HOHFW WKH SURSHU JHDU SRVLWLRQ IRU WKH VSHHG DQG URDGFRQGLWLRQV y $YRLGVXGGHQDFFHOHUDWLRQRUGHFHOHUDWLRQ$OZD\V DFFHOHUDWH JHQWO\ XQWLO \RX UHDFK WKH GHVLUHG VSHHG 7KHQWU\WRPDLQWDLQWKDWVSHHGIRUDVORQJDVSRVVLEOH y 'R QRW SXPS WKH DFFHOHUDWRU DQG DYRLG UDFLQJ WKH HQJLQH y $YRLGXQQHFHVVDU\HQJLQHLGOLQJ y .HHSWKHHQJLQHSURSHUO\WXQHG y .HHSWKHWLUHVLQIODWHGWRWKHFRUUHFWSUHVVXUHVKRZQ RQ WKH WLUH SODFDUG ZKLFK LV ORFDWHG XQGHU WKH GRRU ODWFKRQWKHGULYHU¶VVLGH/RZSUHVVXUHZLOOLQFUHDVH WLUHZHDUDQGIXHOFRQVXPSWLRQ y 8VHWKHDLUFRQGLWLRQHURQO\ZKHQQHFHVVDU\ y .HHSWKHIURQWDQGUHDUZKHHOVLQSURSHUDOLJQPHQW y $YRLGFDUU\LQJXQQHFHVVDU\OXJJDJHRUFDUJR
(QJLQHH[KDXVWJDV &DUERQPRQR[ LGH
RQO\ZLWKDOOZLQGRZVIXOO\RSHQ
'ULYLQJWLSV
y 1HYHULQKDOHHQJLQHH[KDXVWJDV(QJLQHH[ KDXVWJDVFRQWDLQVFDUERQPRQR[LGHDFRORU OHVV DQG RGRUOHVV JDV ZKLFK LV GDQJHURXV RU HYHQOHWKDOLILQKDOHG y $OZD\VSURSHUO\PDLQWDLQWKHHQJLQHH[KDXVW V\VWHPWRSUHYHQWHQJLQHH[KDXVWJDVIURPHQ WHULQJWKHYHKLFOH y 1HYHUUXQWKHHQJLQHLQDFORVHGVSDFHVXFK DVDJDUDJHH[FHSWIRUWKHEULHIWLPHQHHGHGWR GULYHWKHYHKLFOHLQRURXWRILW y $YRLG UHPDLQLQJ LQ D SDUNHG YHKLFOH IRU D OHQJWK\WLPHZKLOHWKHHQJLQHLVUXQQLQJ,IWKDW LVXQDYRLGDEOH WKHQ XVH WKH YHQWLODWLRQ IDQ WR IRUFHIUHVKDLULQWRWKHYHKLFOH y $OZD\V NHHS WKH IURQW YHQWLODWRU LQOHW JULOOH IUHHIURPVQRZOHDYHVRURWKHUREVWUXFWLRQVWR HQVXUH WKDW WKH YHQWLODWLRQ V\VWHP DOZD\V ZRUNVSURSHUO\ y ,IDWDQ\WLPH\RXVXVSHFWWKDWH[KDXVWIXPHV DUH HQWHULQJ WKH YHKLFOH KDYH WKH SUREOHP FKHFNHGDQGFRUUHFWHGDVVRRQDVSRVVLEOH,I \RX PXVW GULYH XQGHU WKHVH FRQGLWLRQV GULYH
127( 'XHWRWKHH[SDQVLRQDQGFRQWUDFWLRQRIWKHPHW DOV XVHG LQ WKH PDQXIDFWXUH RI WKH H[KDXVW V\V WHP\RXPD\KHDUDFUDFNOLQJVRXQGFRPLQJIURP WKH H[KDXVWV\VWHPIRU D VKRUW WLPHDIWHUWKHHQ JLQHKDVEHHQVKXWRII7KLVVRXQGLVQRUPDO
±&217,18('±
'ULYLQJWLSV
&DWDO\WLFFRQYHUWHU
y $YRLG ILUH KD]DUGV 'R QRW GULYH RU SDUN WKH YHKLFOH DQ\ZKHUH QHDU IODPPDEOH PDWHULDOV HJJUDVVSDSHUUDJVRUOHDYHV EHFDXVHWKH FDWDO\WLF FRQYHUWHU RSHUDWHV DW YHU\ KLJK WHP SHUDWXUHV y .HHS HYHU\RQH DQG IODPPDEOH PDWHULDOV DZD\IURPWKHH[KDXVWSLSHZKLOHWKHHQJLQHLV UXQQLQJ7KHH[KDXVWJDVLVYHU\KRW
1RQWXUERPRGHOV
HS8002BA
'ULYLQJWLSV
UXQQLQJ URXJK PLVILULQJ EDFNILULQJ RU LQFRPSOHWH FRPEXVWLRQ KDYH\RXUYHKLFOHFKHFNHGDQGUHSDLUHG E\DQDXWKRUL]HG68%$58GHDOHU y 'RQRWDSSO\XQGHUFRDWLQJRUUXVWSUHYHQWLRQWUHDW PHQWWRWKHKHDWVKLHOGRIFDWDO\WLFFRQYHUWHUDQGWKH H[KDXVWV\VWHP
US8511BA
7XUERPRGHOV
7KHFDWDO\WLFFRQYHUWHULVLQVWDOOHGLQWKHH[KDXVWV\V WHP,WVHUYHVDVFDWDO\VWWRUHGXFH+&&2DQG12[ LQH[KDXVWJDVHVWKXVSURYLGLQJFOHDQHUH[KDXVW
7RDYRLGGDPDJHWRWKHFDWDO\WLFFRQYHUWHU y 8VHRQO\XQOHDGHGJDVROLQH(YHQDVPDOODPRXQW RIOHDGHGJDVROLQHZLOOGDPDJHWKHFDWDO\WLFFRQYHUWHU y 1HYHUVWDUWWKHHQJLQHE\SXVKLQJRUSXOOLQJWKHYH KLFOH y $YRLGUDFLQJWKHHQJLQH y 1HYHUWXUQRIIWKHLJQLWLRQVZLWFKZKLOHWKHYHKLFOHLV PRYLQJ y .HHS \RXUHQJLQH WXQHGXS ,I \RXIHHO WKH HQJLQH
±&217,18('±
'ULYLQJWLSV
3HULRGLFLQVSHFWLRQV
'ULYLQJLQIRUHLJQFRXQWULHV
7RNHHS\RXUYHKLFOHLQWKHEHVWFRQGLWLRQDWDOOWLPHV DOZD\VKDYHWKHUHFRPPHQGHGPDLQWHQDQFHVHUYLFHV OLVWHG LQ WKH PDLQWHQDQFH VFKHGXOH LQ WKH ³:DUUDQW\ DQG0DLQWHQDQFH%RRNOHW´SHUIRUPHGDWWKHVSHFLILHG WLPHRUPLOHDJHLQWHUYDOV
:KHQSODQQLQJWRXVH\RXUYHKLFOHLQDQRWKHUFRXQWU\ y &RQILUPWKHDYDLODELOLW\RIWKHFRUUHFWIXHO 5HIHUWR WKH³)XHOUHTXLUHPHQWV´VHFWLRQLQFKDSWHU y &RPSO\ ZLWK DOO UHJXODWLRQV DQG UHTXLUHPHQWV RI HDFKFRXQWU\
'ULYLQJWLSVIRU$:'YHKLFOHV
y $OZD\VPDLQWDLQDVDIHGULYLQJVSHHGDFFRUG LQJWRWKHURDGDQGZHDWKHUFRQGLWLRQVLQRUGHU WR DYRLG KDYLQJ DQ DFFLGHQW RQ D VKDUS WXUQ GXULQJ VXGGHQ EUDNLQJ RU XQGHU RWKHU VLPLODU FRQGLWLRQV y $OZD\VXVHWKHXWPRVWFDUHLQGULYLQJ±RYHU FRQILGHQFH EHFDXVH \RX DUH GULYLQJ DQ DOO ZKHHOGULYHYHKLFOHFRXOGHDVLO\OHDGWRDVHUL RXVDFFLGHQW
'ULYLQJWLSV
HS8003BA
$OOZKHHOGULYHGLVWULEXWHVWKHHQJLQHSRZHUWRDOOIRXU ZKHHOV $:' YHKLFOHV SURYLGH EHWWHU WUDFWLRQ ZKHQ GULYLQJ RQ VOLSSHU\ ZHW RU VQRZFRYHUHG URDGV DQG ZKHQ PRYLQJ RXW RI PXG GLUW DQG VDQG %\ VKLIWLQJ SRZHU EHWZHHQ WKH IURQW DQG UHDU ZKHHOV 68%$58
$:'FDQDOVRSURYLGHDGGHGWUDFWLRQGXULQJDFFHOHU DWLRQDQGDGGHGHQJLQHEUDNLQJIRUFHGXULQJGHFHOHU DWLRQ 7KHUHIRUH \RXU 68%$58 $:' YHKLFOH PD\ KDQGOH GLIIHUHQWO\ WKDQ DQ RUGLQDU\ WZR ZKHHO GULYH YHKLFOH DQG LW FRQWDLQV VRPH IHDWXUHV XQLTXH WR $:' )RU VDIHW\ SXUSRVHV DV ZHOO DV WR DYRLG GDPDJLQJ WKH $:' V\VWHP \RX VKRXOG NHHS WKH IROORZLQJ WLSV LQ PLQG±&217,18('±
y 7KHUHDUHVRPHSUHFDXWLRQVWKDW\RXPXVWREVHUYH ZKHQWRZLQJ\RXUYHKLFOH)RUGHWDLOLQIRUPDWLRQVHH ³7RZLQJ´VHFWLRQLQFKDSWHU
'ULYLQJWLSV
y $Q $:' YHKLFOH LV EHWWHU DEOH WR FOLPE VWHHSHU URDGVXQGHUVQRZ\RUVOLSSHU\FRQGLWLRQVWKDQDWZR ZKHHO GULYH YHKLFOH 7KHUH LV OLWWOH GLIIHUHQFH LQ KDQ GOLQJ KRZHYHU GXULQJH[WUHPHO\ VKDUSWXUQVRUVXG GHQEUDNLQJ7KHUHIRUHZKHQGULYLQJGRZQDVORSHRU WXUQLQJ FRUQHUV EH VXUH WR UHGXFH \RXU VSHHG DQG PDLQWDLQDQDPSOHGLVWDQFHIURPRWKHUYHKLFOHV y :KHQUHSODFLQJDWLUHPDNHVXUH\RXXVHRQO\WKH VDPH VL]H FLUFXPIHUHQFH FRQVWUXFWLRQ EUDQG DQG ORDGUDQJHDVWKHRULJLQDOWLUHVOLVWHGRQWKHWLUHSODF DUG8VLQJRWKHUVL]HVFLUFXPIHUHQFHVRUFRQVWUXFWLRQ PD\UHVXOWLQVHYHUHPHFKDQLFDOGDPDJHWRWKHGULYH WUDLQ RI \RXU YHKLFOH DQG PD\ DIIHFW ULGH KDQGOLQJ EUDNLQJ VSHHGRPHWHURGRPHWHU FDOLEUDWLRQ DQG FOHDUDQFHEHWZHHQWKHERG\DQGWLUHV,WDOVRPD\EH GDQJHURXVDQGOHDGWRORVVRIYHKLFOHFRQWURO y ,I \RX XVH D WHPSRUDU\ VSDUH WLUH WR UHSODFH D IODW WLUH EH VXUH WR XVH WKH RULJLQDO WHPSRUDU\ VSDUH WLUH VWRUHGLQWKHYHKLFOH8VLQJRWKHUVL]HVPD\UHVXOWLQ VHYHUHPHFKDQLFDOGDPDJHWRWKHGULYHWUDLQRI\RXU YHKLFOH y $OZD\VFKHFNWKHFROGWLUHSUHVVXUHEHIRUHVWDUWLQJ WRGULYH7KHUHFRPPHQGHGWLUHSUHVVXUHLVSURYLGHG RQ WKH WLUH SODFDUG ZKLFK LV ORFDWHG XQGHU WKH GRRU ODWFKRQWKHGULYHU¶VVLGH y 7LUH FKDLQV VKRXOG DOZD\V EH SODFHG RQ WKH IURQW ZKHHOVRQO\
2IIURDGGULYLQJ
y $OZD\VPDLQWDLQDVDIHGULYLQJVSHHGDFFRUG LQJWRWKHURDGDQGZHDWKHUFRQGLWLRQVLQRUGHU WR DYRLG KDYLQJ DQ DFFLGHQW RQ D VKDUS WXUQ GXULQJ VXGGHQ EUDNLQJ RU XQGHU RWKHU VLPLODU FRQGLWLRQV y $OZD\VXVHWKHXWPRVWFDUHLQGULYLQJ±RYHU FRQILGHQFH EHFDXVH \RX DUH GULYLQJ DQ DOO ZKHHOGULYHYHKLFOHFRXOGHDVLO\OHDGWRDVHUL RXVDFFLGHQW
%HFDXVHRIWKH$:'IHDWXUHDQGKLJKHUJURXQGFOHDU DQFH\RXU68%$58FDQEHGULYHQRQRUGLQDU\URDGV RU RIIURDG %XW SOHDVH NHHS LQ PLQG WKDW DQ $:' 68%$58LVQHLWKHUDFRQYHQWLRQDORIIURDGYHKLFOHQRU DQDOOWHUUDLQYHKLFOH,I\RXGRWDNH\RXU68%$58RII URDGFHUWDLQFRPPRQVHQVHSUHFDXWLRQVVXFKDVWKH IROORZLQJVKRXOGEHWDNHQ
y 0DNH FHUWDLQ WKDW \RX DQG DOO RI \RXU SDVVHQJHUV DUHZHDULQJVHDWEHOWV y &DUU\VRPHHPHUJHQF\HTXLSPHQWVXFKDVDWRZ LQJURSHRUFKDLQDVKRYHOZKHHOEORFNVILUVWDLGNLW DQGSRUWDEOHSKRQHRUFLWL]HQVEDQGUDGLR
'ULYLQJWLSV
y 'ULYH FDUHIXOO\ 'R QRW WDNH XQQHFHVVDU\ ULVNV E\ GULYLQJLQGDQJHURXVDUHDVRURYHUURXJKWHUUDLQ y 6ORZ GRZQ DQG HPSOR\ H[WUD FDXWLRQ DW DOO WLPHV :KHQGULYLQJRIIURDG\RXZLOOQRWKDYHWKHEHQHILWRI PDUNHGWUDIILFODQHVEDQNHGFXUYHVWUDIILFVLJQVDQG WKHOLNH y 'RQRWGULYHDFURVVVWHHSVORSHV,QVWHDGGULYHHL WKHUVWUDLJKWXSRUVWUDLJKWGRZQWKHVORSHV$YHKLFOH FDQ PXFK PRUH HDVLO\ WLS RYHU VLGHZD\V WKDQ LW FDQ HQGRYHUHQG$YRLGGULYLQJVWUDLJKWXSRUGRZQVORSHV WKDWDUHWRRVWHHS y $YRLGVKDUSWXUQLQJPDQHXYHUVHVSHFLDOO\DWKLJKHU VSHHGV y 'R QRW JULS WKH LQVLGH RU VSRNHV RI WKH VWHHULQJ ZKHHO $ EDG EXPS FRXOG MHUN WKH ZKHHO DQG LQMXUH \RXU KDQGV ,QVWHDG GULYH ZLWK \RXU ILQJHUV DQG WKXPEVRQWKHRXWVLGHRIWKHULP y ,I GULYLQJ WKURXJK ZDWHU VXFK DV ZKHQ FURVVLQJ VKDOORZVWUHDPVILUVWFKHFNWKHGHSWKRIWKHZDWHUDQG WKHERWWRPRIWKHVWUHDPEHGIRUILUPQHVVDQGHQVXUH WKDWWKHEHGRIWKHVWUHDPLVIODW'ULYHVORZO\DQGFRP SOHWHO\WKURXJKWKHVWUHDP7KHZDWHUVKRXOGEHVKDO ORZHQRXJKWKDWLWGRHVQRWUHDFKWKHYHKLFOH¶VXQGHU FDUULDJH :DWHU HQWHULQJ WKH HQJLQH DLU LQWDNH RU WKH H[KDXVW SLSH RUZDWHUVSODVKLQJRQWR HOHFWULFDO SDUWV PD\ GDPDJH \RXU YHKLFOH DQG PD\ FDXVH LW WR VWDOO 1HYHUDWWHPSWWRGULYHWKURXJKUXVKLQJZDWHU UHJDUG
±&217,18('±
'ULYLQJWLSV
OHVVRILWVGHSWKLWFDQZDVKDZD\WKHJURXQGIURPXQ GHU\RXUWLUHVUHVXOWLQJLQSRVVLEOHORVVRIWUDFWLRQDQG HYHQYHKLFOHUROORYHU y $OZD\VFKHFN\RXUEUDNHVIRUHIIHFWLYHQHVVLPPHGL DWHO\ DIWHU GULYLQJ LQ VDQG PXG RU ZDWHU 'R WKLV E\ GULYLQJ VORZO\ DQG VWHSSLQJ RQ WKH EUDNH SHGDO 5H SHDW WKDW SURFHVV VHYHUDO WLPHV WR GU\ RXW WKH EUDNH GLVFVDQGEUDNHSDGV y 'RQRWGULYHRUSDUNRYHURUQHDUIODPPDEOHPDWHUL DOV VXFK DV GU\ JUDVV RU IDOOHQ OHDYHV DV WKH\ PD\ EXUQHDVLO\7KHH[KDXVWV\VWHPLVYHU\KRWZKLOHWKH HQJLQH LV UXQQLQJ DQG ULJKW DIWHU HQJLQH VWRSV 7KLV FRXOGFUHDWHDILUHKD]DUG y $IWHU GULYLQJ WKURXJK WDOO JUDVV PXG URFNV VDQG ULYHUVHWFFKHFNWKDWWKHUHLVQRJUDVVEXVKSDSHU UDJVVWRQHVVDQGHWFDGKHULQJWRRUWUDSSHGRQWKH XQGHUERG\&OHDURIIDQ\VXFKPDWWHUIURPWKHXQGHU ERG\ ,I WKH YHKLFOH LV XVHG ZLWK WKHVH PDWHULDOV WUDSSHG RU DGKHULQJ WR WKH XQGHUERG\ D PHFKDQLFDO EUHDNGRZQRUILUHFRXOGRFFXU y 6HFXUHDOOFDUJRFDUULHGLQVLGHWKHYHKLFOHDQGPDNH FHUWDLQ WKDW LW LV QRW SLOHG KLJKHU WKDQ WKH VHDWEDFNV 'XULQJVXGGHQVWRSVRUMROWVXQVHFXUHGFDUJRFRXOG EHWKURZQDURXQGLQWKHYHKLFOHDQGFDXVHLQMXU\ y 'R QRW SLOH KHDY\ ORDGV RQ WKH URRI 7KRVH ORDGV UDLVHWKHYHKLFOH¶VFHQWHURIJUDYLW\DQGPDNHLWPRUH SURQHWRWLSRYHU
y &DUJRVKRXOGEHHYHQO\GLVWULEXWHGRYHUWKHFDUJR EHG .HHS KHDYLHU LWHPV DV ORZ DQG IDU IRUZDUG DV SRVVLEOH/RDGLQJWKHYHKLFOHLPSURSHUO\FDQGHWHULR UDWHKDQGOLQJFDSDELOLW\DQGFRQWULEXWHWRORVVRIYHKL FOHFRQWURO y %HVXUH WKH FDUJR LVVHFXUHG SURSHUO\ 8QVHFXUHG FDUJR LQ WKH FDUJR EHG FDQ EH WKURZQ DURXQG ZKHQ GULYLQJRQRIIURDG7RSUHYHQWORRVHFDUJRIURPHQWHU LQJ WKH SDVVHQJHU FRPSDUWPHQW DOZD\V FORVH WKH VZLWFKEDFNGRRUZKLOHGULYLQJRIIURDG y $OZD\VFORVHWKHWDLOJDWHZKLOHGULYLQJRIIURDG$OVR UHPRYH WKH EHG H[WHQGHU LI VR HTXLSSHG WR DYRLG GDPDJH y ,I\RXPXVWURFNWKHYHKLFOHWRIUHHLWIURPVDQGRU PXGGHSUHVVWKHDFFHOHUDWRUSHGDOVOLJKWO\DQGPRYH WKHVHOHFWRUOHYHUEDFNDQGIRUWKEHWZHHQ³'´DQG³5´ UHSHDWHGO\'RQRWUDFHWKHHQJLQH)RUWKHEHVWSRV VLEOHWUDFWLRQDYRLGVSLQQLQJWKHZKHHOVZKHQWU\LQJWR IUHHWKHYHKLFOH y :KHQ WKH URDG VXUIDFH LV H[WUHPHO\ VOLSSHU\ \RX FDQREWDLQEHWWHUWUDFWLRQE\VWDUWLQJWKHYHKLFOHZLWK WKHWUDQVPLVVLRQLQQGWKDQVW ERWKIRU07DQG$7 y 1HYHUHTXLS\RXUYHKLFOHZLWKWLUHVODUJHUWKDQWKRVH VSHFLILHGLQWKLVPDQXDO y :DVKWKHYHKLFOH¶VXQGHUERG\DIWHURIIURDGGULYLQJ 6XVSHQVLRQFRPSRQHQWVDUHSDUWLFXODUO\SURQHWRGLUW EXLOGXSVRWKH\QHHGWREHZDVKHGWKRURXJKO\
y )UHTXHQWGULYLQJRIDQ$:'YHKLFOHXQGHUKDUGGULY LQJFRQGLWLRQVVXFKDVURXJKURDGVRURIIURDGVZLOOQH FHVVLWDWH PRUH IUHTXHQW UHSODFHPHQW RI HQJLQH RLO EUDNHIOXLGDQGWUDQVPLVVLRQRLOWKDQWKDWVSHFLILHGLQ WKHPDLQWHQDQFHVFKHGXOHGHVFULEHGLQWKH³:DUUDQW\ DQG0DLQWHQDQFH%RRNOHW´
5HPHPEHUWKDWGDPDJHGRQHWR\RXU68%$58ZKLOH RSHUDWLQJLWRIIURDGDQGQRWXVLQJFRPPRQVHQVHSUH FDXWLRQVVXFKDVWKRVHOLVWHGDERYHLVQRWHOLJLEOHIRU ZDUUDQW\FRYHUDJH
'ULYLQJWLSV
:LQWHUGULYLQJ
UB8046AA
2SHUDWLRQGXULQJFROGZHDWKHU &DUU\ VRPH HPHUJHQF\ HTXLSPHQW VXFK DV WLUH FKDLQV D ZLQGRZ VFUDSHU D EDJ RI VDQG IODUHV D VPDOOVKRYHODQGMXPSHUFDEOHV
&KHFNWKHEDWWHU\DQGFDEOHV&ROGWHPSHUDWXUHVUH GXFH EDWWHU\ FDSDFLW\ 7KH EDWWHU\ PXVW EH LQ JRRG FRQGLWLRQ WR SURYLGH HQRXJK SRZHU IRU FROG ZLQWHU VWDUWV
8VH DQ HQJLQH RLO RI SURSHU JUDGH DQG YLVFRVLW\ IRU FROG ZHDWKHU +HDY\ VXPPHU RLO ZLOO FDXVH KDUGHU ±&217,18('±
'ULYLQJWLSV
VWDUWLQJ .HHS WKH GRRU ORFNV IURP IUHH]LQJ E\ VTXLUWLQJ WKHP ZLWKGHLFHURUJO\FHULQ
)RUFLQJDIUR]HQGRRURSHQPD\GDPDJHRUVHSDUDWH WKHUXEEHUZHDWKHUVWULSVDURXQGWKHGRRU,IWKHGRRU LVIUR]HQXVHKRWZDWHUWRPHOWWKHLFHDQGDIWHUZDUGV WKRURXJKO\ZLSHWKHZDWHUDZD\
8VH D ZLQGVKLHOG ZDVKHU IOXLG WKDW FRQWDLQV DQ DQWL IUHH]HVROXWLRQ'RQRWXVHHQJLQHDQWLIUHH]HRURWKHU VXEVWLWXWHVEHFDXVHWKH\PD\GDPDJHWKHSDLQWRIWKH YHKLFOH
T %HIRUHGULYLQJ\RXUYHKLFOH %HIRUHHQWHULQJWKHYHKLFOHUHPRYHDQ\VQRZRULFH IURP\RXUVKRHVEHFDXVHWKDWFRXOGPDNHWKHSHGDOV VOLSSHU\DQGGDQJHURXV
:KLOH ZDUPLQJ XS WKH YHKLFOH EHIRUH GULYLQJ FKHFN WKDWWKHDFFHOHUDWRUSHGDOEUDNHSHGDODQGDOORWKHU FRQWUROVRSHUDWHVPRRWKO\
&OHDUDZD\LFHDQGVQRZWKDWKDVDFFXPXODWHGXQGHU WKH IHQGHUV WR DYRLG PDNLQJ VWHHULQJ GLIILFXOW 'XULQJ VHYHUHZLQWHUGULYLQJVWRSZKHQDQGZKHUHLWLVVDIH WRGRVRDQGFKHFNXQGHUWKHIHQGHUVSHULRGLFDOO\
T 3DUNLQJLQFROGZHDWKHU
6QRZFDQWUDSGDQJHURXVH[KDXVWJDVHVXQGHU \RXU YHKLFOH .HHS VQRZ FOHDU RI WKH H[KDXVW SLSHDQGIURPDURXQG\RXUYHKLFOHLI\RXSDUN WKHYHKLFOHLQVQRZZLWKWKHHQJLQHUXQQLQJ
'R QRW XVH WKH SDUNLQJ EUDNH ZKHQ SDUNLQJ IRU ORQJ SHULRGVLQFROGZHDWKHUVLQFHLWFRXOGIUHH]HLQWKDWSR VLWLRQ,QVWHDGREVHUYHWKHIROORZLQJ 3ODFHWKHVKLIWOHYHULQ³´RU³5´IRUPDQXDOWUDQV PLVVLRQYHKLFOHVDQGLQ³3´IRUDXWRPDWLFWUDQVPLVVLRQ YHKLFOHV 8VHWLUHVWRSVXQGHUWKHWLUHVWRSUHYHQWWKHYHKLFOH IURPPRYLQJ
:KHQWKHYHKLFOHLVSDUNHGLQVQRZRUZKHQLWVQRZV UDLVHWKHZLSHUEODGHVRIIWKHJODVVWRSUHYHQWGDPDJH WRWKHP :KHQ WKH YHKLFOH KDV EHHQ OHIW SDUNHG DIWHU XVH RQ URDGV KHDYLO\ FRYHUHG ZLWK VQRZ RU KDV EHHQ OHIW SDUNHGGXULQJDVQRZVWRUPLFLQJPD\GHYHORSRQWKH EUDNHV\VWHPZKLFKFRXOGFDXVHSRRUEUDNLQJDFWLRQ &KHFNIRUVQRZRULFHEXLOGXSRQWKHVXVSHQVLRQGLVF EUDNHVDQGEUDNHKRVHVXQGHUQHDWKWKHYHKLFOH
,IWKHUHLVFDNHGVQRZRULFHUHPRYHLWEHLQJFDUHIXO QRWWRGDPDJHWKHGLVFEUDNHVDQGEUDNHKRVHVDQG $%6KDUQHVV
T 5HIXHOLQJLQFROGZHDWKHU 7RKHOSSUHYHQWPRLVWXUHIURPIRUPLQJLQWKHIXHOV\V WHPDQGWKHULVNRILWVIUHH]LQJXVHRIDQDQWLIUHH]HDG GLWLYH LQ WKH IXHO WDQN LV UHFRPPHQGHG GXULQJ FROG ZHDWKHU 8VH RQO\ DGGLWLYHV WKDW DUH VSHFLILFDOO\ GHVLJQHG IRU WKLVSXUSRVH:KHQDQDQWLIUHH]HDGGLWLYHLVXVHGLWV HIIHFWODVWVORQJHULIWKHWDQNLVUHILOOHGZKHQHYHUWKH IXHOOHYHOUHDFKHVKDOIHPSW\
,I\RXU68%$58LVQRWJRLQJWREHXVHGIRUDQH[WHQG HGSHULRGLWLVEHVWWRKDYHWKHIXHOWDQNILOOHGWRFDSDF LW\
'ULYLQJRQVQRZ\DQGLF\URDGV
'RQRWXVHWKHFUXLVHFRQWURORQVOLSSHU\URDGV VXFK DV VQRZ\ RU LF\ URDGV 7KLV PD\ FDXVH ORVVRIYHKLFOHFRQWURO
7RSUHYHQWVNLGGLQJDQGVOLSSLQJDYRLGVXGGHQEUDN
'ULYLQJWLSV
LQJ DEUXSW DFFHOHUDWLRQ KLJKVSHHG GULYLQJ DQG VKDUSWXUQLQJZKHQGULYLQJRQVQRZ\RULF\URDGV $OZD\VPDLQWDLQDPSOHGLVWDQFHEHWZHHQ\RXUYHKLFOH DQGWKHYHKLFOHDKHDGRI\RXWRDYRLGWKHQHHGIRUVXG GHQEUDNLQJ 7R VXSSOHPHQW WKH IRRW EUDNH XVH WKHHQJLQH EUDNH HIIHFWLYHO\ WR FRQWURO WKH YHKLFOH VSHHG 6KLIW LQWR D ORZHUJHDUZKHQQHFHVVDU\ $YRLG VKLIWLQJ GRZQ DEUXSWO\ 6XFK EHKDYLRU FDQ FDXVHWKH ZKHHOV WR ORFNSRVVLEO\OHDGLQJWRORVV RI YHKLFOHFRQWURO
$QDQWLORFNEUDNHV\VWHP $%6 HQKDQFHV\RXUYHKL FOH¶V EUDNLQJ SHUIRUPDQFH RQ VQRZ\ DQG LF\ URDGV 5HIHUWRWKH³$%6 $QWLORFN%UDNH6\VWHP ´VHFWLRQLQ FKDSWHU IRU LQIRUPDWLRQ RQ EUDNLQJRQ VOLSSHU\ VXU IDFHV
T :LSHURSHUDWLRQZKHQVQRZLQJ %HIRUH GULYLQJ LQ FROG ZHDWKHU PDNH VXUH WKH ZLSHU EODGHVDUHQRWIUR]HQWRWKHZLQGVKLHOGRUUHDUZLQGRZ ,IWKHZLSHUEODGHVDUHIUR]HQWRWKHZLQGVKLHOGRUUHDU ZLQGRZXVHWKHGHIURVWHUZLWKWKHDLUIORZFRQWUROGLDO LQWKH³ ´SRVLWLRQDQGWKHWHPSHUDWXUHFRQWUROGLDO VHW IRU PD[LPXP ZDUPWK XQWLO WKH ZLSHU EODGHV DUH FRPSOHWHO\WKDZHGRXW,I\RXUYHKLFOHLVHTXLSSHGZLWK DZLSHUGHLFHULWLVKHOSIXOWRWKDZWKHZLQGVKLHOGZLSHU EODGHV
±&217,18('±
'ULYLQJWLSV
:KHQGULYLQJLQVQRZLIIUR]HQVQRZVWDUWVWRVWLFNRQ WKHVXUIDFHRIWKHZLQGVKLHOGGHVSLWHZLSHURSHUDWLRQ XVHWKHGHIURVWHUZLWKWKHDLUIORZFRQWUROGLDOLQ³ ´ DQG WKH WHPSHUDWXUH FRQWURO GLDO VHW IRU PD[LPXP ZDUPWK$IWHUWKHZLQGVKLHOGJHWVZDUPHGHQRXJKWR PHOW WKH IUR]HQ VQRZ RQ LW ZDVK LW DZD\ XVLQJ WKH ZLQGVKLHOGZDVKHU
6QRZVWXFNRQWKHZLSHUDUPSUHYHQWVWKHZLSHUIURP ZRUNLQJHIIHFWLYHO\,IVQRZLVVWXFNRQWKHZLSHUDUP SXOORIIWKHURDGWRDVDIHSODFHWKHQUHPRYHLW,I\RX VWRS WKH FDU DW URDG VLGH XVH WKH KD]DUG ZDUQLQJ IODVKHUWRDOHUWRWKHUGULYHUV
:HUHFRPPHQGXVHRIQRQIUHH]LQJW\SHZLSHUEODGHV ZLQWHU EODGHV GXULQJ WKH VHDVRQV \RX FRXOG KDYH VQRZDQGVXE]HURWHPSHUDWXUHV%ODGHVRIWKLVW\SH JLYHVXSHULRUZLSLQJSHUIRUPDQFHLQVQRZ\FRQGLWLRQV %HVXUHWRXVHEODGHVWKDWDUHVXLWDEOHIRU\RXUYHKL FOH
&RUURVLRQSURWHFWLRQ 5HIHU WR WKH ³&RUURVLRQ SURWHFWLRQ´ VHFWLRQ FKDSWHU
6QRZWLUHV
y :KHQ UHSODFLQJ RULJLQDO WLUHV ZLWK ZLQWHU VQRZ WLUHVPDNHVXUH\RXXVHRQO\WKHVDPH VL]HDQGFRQVWUXFWLRQDVUHFRPPHQGHG8VLQJ RWKHUVL]HVDQGFRQVWUXFWLRQPD\DIIHFWVSHHG RPHWHURGRPHWHUFDOLEUDWLRQDQGFOHDUDQFHEH WZHHQWKHERG\DQGWLUHV,WDOVRPD\EHGDQJHU RXVDQGOHDGWRORVVRIYHKLFOHFRQWURO y
WLRQKDQGOLQJDQGEUDNLQJSHUIRUPDQFHLQ\HDUURXQG GULYLQJ,QZLQWHULWPD\EHSRVVLEOHWRHQKDQFHSHU IRUPDQFHWKURXJKXVHRIWLUHVGHVLJQHGVSHFLILFDOO\IRU ZLQWHUGULYLQJFRQGLWLRQV ,I\RXFKRRVHWRLQVWDOOZLQWHUWLUHVRQ\RXUYHKLFOHEH VXUHWRXVHWKHFRUUHFWWLUHVL]HDQGW\SH
5HPHPEHUWRGULYHZLWKFDUHDWDOOWLPHVUHJDUGOHVVRI WKHW\SHRIWLUHVRQ\RXUYHKLFOH
5HFRPPHQGHGZLQWHU VQRZ WLUHVL]H
356WXGOHVV
'ULYLQJWLSV
7LUHFKDLQV
7LUHFKDLQVFDQQRWEHXVHGRQWLUHVOLVWHGEHORZ EHFDXVHRIODFNRIFOHDUDQFHEHWZHHQWKHWLUHV DQGYHKLFOHERG\ y 35WLUHV y 35ZLQWHU VQRZ WLUHV
'ULYLQJRQVQRZ\JUDGHVRULF\URDGVPD\UHTXLUHWKH XVHRIWLUHFKDLQVLQZKLFKFDVHSXWWKHFKDLQVRQWKH IURQWZKHHOVRQO\8VHRQO\6$(FODVV6W\SHFKDLQV WKDWDUHRIWKHFRUUHFWVL]HIRU\RXUWLUHVVRDVQRWWR GDPDJHWKHYHKLFOHERG\RUVXVSHQVLRQ :KHQ GULYLQJ ZLWKWLUH FKDLQVGULYHDWVSHHGV EHORZ PSK NPK :KHQDWHPSRUDU\VSDUHWLUHLVRQ DIURQWZKHHOUHSODFHWKHWHPSRUDU\VSDUHWLUHZLWKWKH UHDUWLUHRQWKHVDPHVLGHRIWKHYHKLFOHDQGWKHQILW FKDLQVRQWKHIURQWWLUHV $OZD\V XVH WKH XWPRVW FDUH ZKHQ GULYLQJ ZLWK WLUH FKDLQV±RYHUFRQILGHQFHEHFDXVH\RXDUHGULYLQJZLWK WLUHFKDLQVFRXOGHDVLO\OHDGWRDVHULRXVDFFLGHQW
5RFNLQJWKHYHKLFOH ,I\RXPXVWURFNWKHYHKLFOHWRIUHHLWIURPVQRZVDQG
±&217,18('±
'ULYLQJWLSV
RU PXG GHSUHVV WKH DFFHOHUDWRU SHGDO VOLJKWO\ DQG PRYH WKH VHOHFWRU OHYHU EDFN DQG IRUWK EHWZHHQ ³'´ DQG ³5´ UHSHDWHGO\ 'R QRW UDFH WKH HQJLQH )RU WKH EHVWSRVVLEOHWUDFWLRQDYRLGVSLQQLQJWKHZKHHOVZKHQ WU\LQJWRIUHHWKHYHKLFOH
:KHQWKHURDGVXUIDFHLVH[WUHPHO\VOLSSHU\\RXFDQ REWDLQ EHWWHU WUDFWLRQ E\ VWDUWLQJ WKH YHKLFOH ZLWK WKH WUDQVPLVVLRQLQQGWKDQVW ERWKIRU07DQG$7
5HIHUWRWKH³$XWRPDWLFWUDQVPLVVLRQ´VHFWLRQLQFKDS WHUIRULQIRUPDWLRQRQKROGLQJWKHWUDQVPLVVLRQLQQG SRVLWLRQ
/RDGLQJ\RXUYHKLFOH
1HYHU DOORZ SDVVHQJHUV WR ULGH RQ WKH IROGHG UHDUVHDWEDFNRULQWKHFDUJREHG'RLQJVRPD\ UHVXOWLQVHULRXVLQMXU\
HS8005BA
y 1HYHU VWDFN OXJJDJH RU RWKHU FDUJR KLJKHU WKDQ WKH WRS RI WKH VHDWEDFN EHFDXVH LW FRXOG WXPEOH IRUZDUG DQG LQMXUH SDVVHQJHUV LQ WKH
HYHQWRIDVXGGHQVWRS RU DFFLGHQW.HHS OXJ JDJHRUFDUJRORZDVFORVHWRWKHIORRUDVSRV VLEOH y :KHQ\RXFDUU\VRPHWKLQJLQVLGHWKHYHKLFOH VHFXUHLW ZKHQHYHU \RX FDQ WR SUHYHQW LW IURP EHLQJWKURZQDURXQGLQVLGHWKHYHKLFOHGXULQJ VXGGHQVWRSVVKDUSWXUQVRULQDQDFFLGHQW y 'R QRW SLOH KHDY\ ORDGV RQ WKH URRI 7KHVH ORDGV UDLVH WKH YHKLFOH¶V FHQWHU RI JUDYLW\ DQG PDNHLWPRUHSURQHWRWLSRYHU y 6HFXUH OHQJWK\ LWHPV SURSHUO\ WR SUHYHQW WKHPIURPVKRRWLQJIRUZDUGDQGFDXVLQJVHUL RXVLQMXU\GXULQJDVXGGHQVWRS y 1HYHUH[FHHGWKHPD[LPXPORDGOLPLW,I\RX GRVRPHSDUWVRQ\RXUYHKLFOHFDQEUHDNRULW FDQFKDQJHWKHZD\\RXUYHKLFOHKDQGOHV7KLV FRXOG UHVXOW LQ ORVV RI FRQWURO DQG FDXVH SHU VRQDOLQMXU\$OVRRYHUORDGLQJFDQVKRUWHQWKH OLIHRI\RXUYHKLFOH y &DUJRVKRXOGEHHYHQO\GLVWULEXWHGRYHUWKH FDUJR EHG .HHS KHDYLHU LWHPV DV ORZ DQG IDU IRUZDUG DV SRVVLEOH /RDGLQJ WKH YHKLFOH LP SURSHUO\ FDQ GHWHULRUDWH KDQGOLQJ FDSDELOLW\ DQGFRQWULEXWHWRORVVRIYHKLFOHFRQWURO y %HVXUHWKHFDUJRLVVHFXUHGSURSHUO\8QVH FXUHG FDUJR LQ WKH FDUJR EHG FDQ EH WKURZQ DURXQGGXULQJVXGGHQEUDNLQJLQDVKDUSWXUQ
'ULYLQJWLSV
RU GXULQJ UDSLG DFFHOHUDWLRQ ZKLFK FRXOG FUH DWHDGDQJHURXVURDGKD]DUG
'RQRWFDUU\VSUD\FDQVFRQWDLQHUVZLWKIODP PDEOHRUFRUURVLYHOLTXLGVRUDQ\RWKHUGDQJHU RXVLWHPVLQVLGHWKHSDVVHQJHUFRPSDUWPHQW
127( )RU EHWWHU IXHO HFRQRP\ GR QRW FDUU\ XQQHHGHG FDUJR
±&217,18('±
7KH ORDG FDSDFLW\ RI \RXU YHKLFOH LV GHWHUPLQHG E\ ZHLJKWQRWE\DYDLODEOHFDUJRVSDFH7KHWRWDOZHLJKW \RXFDQFDUU\LQ\RXUYHKLFOHLVVKRZQRQWKHYHKLFOH SODFDUGDWWDFKHGWRWKHGULYHU¶VVLGHGRRUMDPE/RFDWH WKHVWDWHPHQW³7KHFRPELQHGZHLJKWRIRFFXSDQWVDQG FDUJR VKRXOG QHYHU H[FHHG ;;; NJ RU ;;; OEV´ RQ \RXU YHKLFOH¶V SODFDUG ,W LQFOXGHV WKH WRWDO ZHLJKW RI GULYHU DQG DOO SDVVHQJHUV DQG WKHLU EHORQJLQJV DQ\ RSWLRQDOHTXLSPHQWVXFKDVDWUDLOHUKLWFKURRIUDFNRU ELNHFDUULHUHWFDQGWKHWRQJXHORDGRIDWUDLOHU
'ULYLQJWLSV
9HKLFOHFDSDFLW\ZHLJKW
UB8031BA
UB8053BA
*9:5DQG*$:5 *URVV9HKLFOH
:HLJKW5DWLQJDQG*URVV$[OH:HLJKW 5DWLQJ
UB8043BA
7KH FHUWLILFDWLRQ ODEHO DWWDFKHG WR WKH GULYHU¶V VLGH GRRU VKRZV *9:5 *URVV 9HKLFOH :HLJKW 5DWLQJ DQG*$:5 *URVV$[OH:HLJKW5DWLQJ 7KH*9: *URVV9HKLFOH:HLJKW PXVWQHYHUH[FHHG WKH*9:5*9:LVWKHFRPELQHGWRWDORIZHLJKWRIWKH YHKLFOHIXHOGULYHUDOOSDVVHQJHUVOXJJDJHDQ\RS WLRQDO HTXLSPHQW DQG WUDLOHU WRQJXH ORDG 7KHUHIRUH WKH*9:FKDQJHVGHSHQGLQJRQWKHVLWXDWLRQ
,Q DGGLWLRQ WKH WRWDO ZHLJKW DSSOLHG WR HDFK D[OH *$: PXVWQHYHUH[FHHGWKH*$:57KHIURQWDQG
'ULYLQJWLSV
UHDU*$:VFDQEHDGMXVWHGE\UHORFDWLQJOXJJDJHLQ VLGHWKHYHKLFOH (YHQLIWKHWRWDOZHLJKWRI\RXUOXJJDJHLVORZHUWKDQ WKHYHKLFOHFDSDFLW\ZHLJKWHLWKHUIURQWRUUHDU*$: PD\H[FHHGWKH*$:5GHSHQGLQJRQWKHGLVWULEXWLRQ RIWKHOXJJDJH ,I\RXFDUU\KHDY\ORDGVLQWKHYHKLFOH\RXVKRXOGFRQ ILUPWKDW*9:DQGIURQWDQGUHDU*$:VDUHZLWKLQWKH *9:5DQG*$:5E\SXWWLQJ\RXUYHKLFOHRQDYHKL FOHVFDOHIRXQGDWDFRPPHUFLDOZHLJKLQJVWDWLRQ
'RQRWXVHUHSODFHPHQWWLUHVZLWKDORZHUORDGUDQJH WKDQWKHRULJLQDOVEHFDXVHWKH\PD\ORZHUWKH*9:5
DQG*$:5OLPLWDWLRQV5HSODFHPHQWWLUHVZLWKDKLJK HU ORDG UDQJH WKDQ WKH RULJLQDOV GR QRW LQFUHDVH WKH *9:5DQG*$:5OLPLWDWLRQV±&217,18('±
'ULYLQJWLSV
7UDLOHUKLWFK LIHTXLSSHG
WULEXWLQJKLWFK
7KH WUDLOHU KLWFK LV GHVLJQHG WR WRZ D &ODVV UDWHG ORDG$PD[LPXPRIOEV NJ JURVVWUDLOHU ZHLJKW DQG D PD[LPXP RI OEV NJ JURVV WRQJXHZHLJKWDUHSHUPLVVLEOHIRUWKHWUDLOHUKLWFK :KHQ \RX WRZ D WUDLOHU IROORZ WKH LQVWUXFWLRQV LQ WKH QH[WVHFWLRQ³7UDLOHUWRZLQJ´
&RQQHFWLQJDWUDLOHU
UB8047BA
y 1HYHUH[FHHGWKHPD[LPXPZHLJKWVSHFLILHG IRU WKH WUDLOHU KLWFK ([FHHGLQJ WKH PD[LPXP ZHLJKWFRXOGFDXVHDQDFFLGHQWUHVXOWLQJLQVH ULRXV SHUVRQDO LQMXULHV 3HUPLVVLEOH WUDLOHU ZHLJKWFKDQJHVGHSHQGLQJRQWKHVLWXDWLRQ5H IHUWRWKHQH[WVHFWLRQ³7UDLOHUWRZLQJ´IRUSRV VLEOHUHFRPPHQGDWLRQVDQGOLPLWDWLRQV y 7UDLOHU EUDNHV DUH UHTXLUHG ZKHQ WKH WRZLQJ ORDG H[FHHGV OEV NJ %H VXUH \RXU WUDLOHU KDV VDIHW\ FKDLQV DQG WKDW HDFK FKDLQ ZLOO KROG WKH WUDLOHU¶V PD[LPXP JURVV ZHLJKW 7RZLQJWUDLOHUVZLWKRXWVDIHW\FKDLQVFRXOGFUH DWHDWUDIILFVDIHW\KD]DUGLIWKHWUDLOHUVHSDUDWHV IURPWKHKLWFKGXHWRFRXSOLQJGDPDJHRUKLWFK EDOOGDPDJH y %HVXUHWRFKHFNWKHKLWFKSLQDQGVDIHW\SLQ IRUSRVLWLYHORFNLQJSODFHPHQWEHIRUHWRZLQJD WUDLOHU,IWKHEDOOPRXQWFRPHVRIIWKHKLWFKUH FHLYHUWKHWUDLOHUFRXOGJHWORRVHDQGFUHDWHD WUDIILFVDIHW\KD]DUG y 8VH RQO\ WKH EDOO PRXQW VXSSOLHG ZLWK WKLV KLWFK 8VH WKH KLWFK RQO\ DV D ZHLJKW FDUU\LQJ KLWFK 'R QRW XVH ZLWK DQ\ W\SH RI ZHLJKW GLV
7KHOLFHQVHSODWHEUDFNHWZLOOKLWWKHKLWFKEDOO DQG PD\ EH GDPDJHG LI WKH WDLOJDWH LVRSHQHG DQGWKHOLFHQVHSODWHEUDFNHWLVDWWKHORZHUHG RSHQSRVLWLRQ&ORVHWKHWDLOJDWHDQGUHWXUQWKH OLFHQVH SODWH EUDFNHW WR LWV QRUPDO SRVLWLRQ IOXVK DJDLQVW WKH WDLOJDWH LWVHOI ZKHQHYHU \RX WRZDWUDLOHURUZKHQHYHUDWUDLOHULVKLWFKHGWR WKHYHKLFOH
%HIRUH FRQQHFWLQJ WKH EDOO PRXQW WR WKH KLWFK UH FHLYHUFORVHWKHWDLOJDWHDQGUHWXUQWKHOLFHQVHSODWH EUDFNHWWRLWVQRUPDOUHWUDFWHGSRVLWLRQXSDJDLQVWWKH WDLOJDWH 5HIHU WR ³/LFHQVH SODWH EUDFNHW´ XQGHU WKH KHDGLQJ³7DLOJDWH´LQFKDSWHUIRUPRUHLQIRUPDWLRQRQ WKHIXQFWLRQRIWKHOLFHQVHSODWHEUDFNHW 5HPRYHWKHUHFHLYHUFRYHUIURPWKHKLWFKUHFHLYHU WXEH7KHQLQVHUWWKHEDOOPRXQWLQWRWKHKLWFKUHFHLYHU WXEH
'ULYLQJWLSV
,QVHUWWKHKLWFKSLQLQWRWKHKROHRQWKHKLWFKUHFHLY HUWXEHVRWKDWWKHSLQSDVVHVWKURXJKWKHEDOOPRXQW
UB8018BA
±&217,18('±
'ULYLQJWLSV
HS8012BA
UB8020BB
,QVHUWWKHVDIHW\SLQLQWRWKHKLWFKSLQVHFXUHO\ 3XOOWKHEDOOPRXQWWRPDNHVXUHLWGRHVQRWFRPH RIIWKHKLWFKUHFHLYHU
+LWFKEDOOLQVWDOODWLRQSRLQW +RRNVIRUVDIHW\FKDLQV
8VHRQO\DKLWFKEDOOWKDWLVDSSURSULDWHIRUWKHEDOO PRXQWDQG\RXUWUDLOHU7KHKLWFKEDOOPXVWEHVHFXUHO\ LQVWDOOHGRQWKHEDOOPRXQW &RQQHFW\RXUWUDLOHUWRWKHKLWFKEDOO &RQQHFWWKHWUDLOHUDQGWKHKLWFKZLWKVDIHW\FKDLQV WKDWZLOOKROGWKHWUDLOHU¶VPD[LPXPJURVVZHLJKW7KH FKDLQVVKRXOGFURVVXQGHUWKHWUDLOHUWRQJXHWRSUHYHQW WKH WRQJXH IURP GURSSLQJ RQWR WKH JURXQG LQ FDVH LW VKRXOGGLVFRQQHFWIURPWKHKLWFKEDOO$OORZVXIILFLHQW VODFNLQWKHFKDLQVWDNLQJWLJKWWXUQVLWXDWLRQVLQWRDF FRXQW KRZHYHUEHFDUHIXOQRWWROHWWKHPGUDJRQWKH
JURXQG
'ULYLQJWLSV
UG8034BA
+LWFKKDUQHVVFRQQHFWRU
HS8015BA
'RQRWFRQQHFWVDIHW\FKDLQVWRSDUWRIWKHYH KLFOHRWKHUWKDQWKHVDIHW\FKDLQKRRNV
&RQQHFW WKH KLWFK ZLUH KDUQHVV¶V EODFN IRXUSLQ ZLUHFRQQHFWRUWRWKHWRZLQJWUDLOHU¶VZLUHKDUQHVV &RQILUP SURSHU IXQFWLRQ RI WKH KLWFK ZLUH KDUQHVV E\ LQGLYLGXDOO\ DFWLYDWLQJ WKH EUDNH ULJKW WXUQ VLJQDO OHIWWXUQVLJQDOVWRSDQGSDUNLQJOLJKWVRQWKHWUDLOHU
127( $OZD\VGLVFRQQHFWWKHWUDLOHUZLUHKDUQHVVEHIRUH ODXQFKLQJRUUHWULHYLQJDZDWHUFUDIW
±&217,18('±
'ULYLQJWLSV
:KHQ\RXGRQRWWRZDWUDLOHU
7UDLOHUWRZLQJ
5HPRYHWKHEDOOPRXQWIURPWKHKLWFKUHFHLYHU WXEHZKHQWKHWDLOJDWHLVRSHQDQGWKHEHGH[ WHQGHULVXVHG7KHUHDUOLFHQVHSODWHZLOOQRWEH YLVLEOH EHFDXVH WKH OLFHQVH SODWH EUDFNHW FDQ QRWEHXVHGDWWKHORZHUHGRSHQSRVLWLRQZKHQ WKHEDOOPRXQWLVFRQQHFWHG ,QDGGLWLRQWKHOLFHQVHSODWHEUDFNHWZLOOKLWWKH KLWFKEDOODQGPD\EHGDPDJHGLIWKHWDLOJDWHLV RSHQHG DQG WKH OLFHQVH SODWH EUDFNHW LV DW WKH ORZHUHGRSHQSRVLWLRQ
y 5HPRYHWKHEDOOPRXQWIURPWKHKLWFKUHFHLYHUWXEH DQG LQVHUW WKH UHFHLYHU FRYHU RQWR WKH KLWFK UHFHLYHU WXEH y 3ODFHWKHGXVWFDSRYHUWKHIRXUSLQFRQQHFWRURIWKH KLWFKZLUHKDUQHVVWRSURWHFWDJDLQVWSRVVLEOHGDPDJH y 2FFDVLRQDOO\OXEULFDWHWHUPLQDOVRIWKHIRXUSLQFRQ QHFWRU XVLQJWKH WHUPLQDOJUHDVH DQGFRYHUZLWKWKH DWWDFKHGUXEEHUFDS
:DUUDQWLHVDQGPDLQWHQDQFH 68%$58ZDUUDQWLHVGRQRWDSSO\WRYHKLFOHGDPDJH RUPDOIXQFWLRQFDXVHGE\WUDLOHUWRZLQJ,I\RXXVH\RXU YHKLFOHWRWRZDWUDLOHUPRUHIUHTXHQWPDLQWHQDQFHZLOO EHUHTXLUHGGXHWRWKHDGGLWLRQDOORDG 5HIHUWR³0DLQ
WHQDQFHVFKHGXOHXQGHUVHYHUHGULYLQJFRQGLWLRQV´LQ WKH³:DUUDQW\DQG0DLQWHQDQFH%RRNOHW´ 8QGHUQRFLUFXPVWDQFHVVKRXOGDWUDLOHUEHWRZHGZLWK D QHZ YHKLFOH RU D YHKLFOH ZLWK DQ\ QHZ SRZHUWUDLQ FRPSRQHQW HQJLQH WUDQVPLVVLRQ GLIIHUHQWLDO ZKHHO EHDULQJVHWF IRU WKHILUVW PLOHV NP RI GULYLQJ
0D[LPXPORDGOLPLWV
1HYHU H[FHHG WKH PD[LPXP ORDG OLPLWV H[ SODLQHG EHORZ ([FHHGLQJ WKH PD[LPXP ORDG OLPLWVFRXOGFDXVHSHUVRQDOLQMXU\DQGRUYHKL FOHGDPDJH
y $GHTXDWH VL]H WUDLOHU EUDNHV DUH UHTXLUHG ZKHQWKHWUDLOHUDQGLWVFDUJRH[FHHGOEV NJ WRWDOZHLJKW y %HIRUHWRZLQJDWUDLOHUFKHFNWKHWUDLOHUWRWDO ZHLJKW *9: *$:V DQG WRQJXH ORDG 0DNH VXUHWKHORDGDQGLWVGLVWULEXWLRQLQ\RXUYHKLFOH
'ULYLQJWLSV
DQGWUDLOHUDUHDFFHSWDEOH
T 7RWDOWUDLOHUZHLJKW
HS8016AA
7RWDOWUDLOHUZHLJKW
7KH WRWDO WUDLOHU ZHLJKW WUDLOHU ZHLJKW SOXV LWV FDUJR ORDG PXVWQHYHUH[FHHGWKHPD[LPXPZHLJKWVKRZQ LQWKHIROORZLQJWDEOH
±&217,18('±
T *URVV9HKLFOH:HLJKW *9: DQG*URVV9HKLFOH
:HLJKW5DWLQJ *9:5
'ULYLQJWLSV
0RGHO
&RQGLWLRQV
07PRGHOV :KHQWRZLQJDWUDLOHUZLWK
RXWEUDNHV
0D[LPXP WRWDOWUDLOHU
ZHLJKW
OEV NJ
:KHQWRZLQJDWUDLOHUZLWK EUDNHV
OEV NJ
$7PRGHOV :KHQWRZLQJDWUDLOHUZLWK
RXWEUDNHV
OEV NJ
:KHQWRZLQJDWUDLOHUZLWK EUDNHV
OEV NJ
:KHQWRZLQJDWUDLOHURQD ORQJXSKLOOJUDGHFRQWLQX RXVO\IRURYHUPLOHV NP ZLWKDQRXWVLGHWHPSHUDWXUH RI°) °& RUDERYH
OEV NJ
*URVV9HKLFOH:HLJKW
UB8038BA
7KH*URVV9HKLFOH:HLJKW *9: PXVWQHYHUH[FHHG WKH*URVV9HKLFOH:HLJKW5DWLQJ *9:5 *URVV9HKLFOH:HLJKW *9: LVWKHFRPELQHGWRWDORI WKHZHLJKWRIWKHYHKLFOHGULYHUSDVVHQJHUVOXJJDJH WUDLOHUKLWFKWUDLOHUWRQJXHORDGDQGDQ\RWKHURSWLRQDO HTXLSPHQW LQVWDOOHG RQ \RXU YHKLFOH 7KHUHIRUH WKH *9:FKDQJHVGHSHQGLQJRQWKHVLWXDWLRQ'HWHUPLQH WKH*9:HDFKWLPHEHIRUHJRLQJRQDWULSE\SXWWLQJ \RXUYHKLFOHDQGWUDLOHURQDYHKLFOHVFDOH
*9:5LVVKRZQ RQWKHFHUWLILFDWLRQODEHO ORFDWHG RQ WKHGULYHU¶VGRRURI\RXUYHKLFOH
UB8043BA
'ULYLQJWLSV
T *URVV$[OH:HLJKW *$: DQG*URVV$[OH
:HLJKW5DWLQJ *$:5
UB8039BA
*URVV$[OH:HLJKW
7KHWRWDOZHLJKWDSSOLHGWRHDFKD[OH *$: PXVWQHY HUH[FHHGWKH*URVV$[OH:HLJKW5DWLQJ *$:5 7KH IURQW DQG UHDU *$:V FDQ EH DGMXVWHG E\ UHORFDWLQJ SDVVHQJHUVDQGOXJJDJHLQVLGHWKHYHKLFOH
±&217,18('±
'ULYLQJWLSV
T 7RQJXHORDG
UB8043BA
7KHIURQWDQGUHDU*$:5DUHDOVRVKRZQRQWKHFHU WLILFDWLRQODEHO 7RFKHFNERWK*9:5DQG*$:5DQGWRFRQILUPWKDW WKHWRWDOZHLJKWDQGZHLJKWGLVWULEXWLRQDUHZLWKLQVDIH GULYLQJOLPLWV\RXVKRXOGKDYH\RXUYHKLFOHDQGWUDLOHU ZHLJKHGDWDFRPPHUFLDOZHLJKLQJVWDWLRQ %H VXUH WKDW DOO FDUJR LV ILUPO\ VHFXUHG WR SUHYHQW D FKDQJHLQZHLJKWGLVWULEXWLRQZKLOHGULYLQJ
7RQJXHORDG
HS8019AA
,I WKH WUDLOHU LV ORDGHG ZLWK PRUH ZHLJKW LQ WKH EDFNRIWUDLOHU¶VD[OHWKDQLQWKHIURQWWKHORDG LVWDNHQRIIWKHUHDUD[OHRIWKHWRZLQJYHKLFOH 7KLVPD\FDXVHWKHUHDUZKHHOVWRVNLGHVSH FLDOO\GXULQJEUDNLQJRUZKHQYHKLFOHVSHHGLV UHGXFHG GXULQJ FRUQHULQJ UHVXOWLQJ LQ RYHU VWHHUVSLQRXWDQGRUMDFNNQLILQJ
(QVXUHWKDWWKHWUDLOHUWRQJXHORDGLVIURPWRSHU FHQWRIWKHWRWDOWUDLOHUZHLJKWDQGGRHVQRWH[FHHGWKH PD[LPXPYDOXHRIOEV NJ
60%
40%
50% 50%
'ULYLQJWLSV
UB8040BB
-DFN %DWKURRPVFDOH
7KH WRQJXH ORDG FDQ EH ZHLJKHG ZLWK D EDWKURRP VFDOHDVVKRZQLQWKHLOOXVWUDWLRQEHORZ:KHQZHLJK LQJWKHWRQJXHORDGEHVXUHWRSRVLWLRQWKHWRZLQJFRX SOHU DW WKH KHLJKW DW ZKLFK LW ZRXOG EH GXULQJ DFWXDO WRZLQJXVLQJDMDFNDVVKRZQ
HS8021BB
) )URQW
7KHWRQJXHORDGFDQEHDGMXVWHGE\SURSHUGLVWULEXWLRQ RI WKH ORDG LQ WKH WUDLOHU 1HYHU ORDG WKH WUDLOHU ZLWK PRUHZHLJKWLQWKHEDFNWKDQLQWKHIURQW DSSUR[LPDWH O\SHUFHQWRIWKHWUDLOHUORDGVKRXOGEHLQWKHIURQW DQGDSSUR[LPDWHO\SHUFHQWLQWKHUHDU$OVRGLVWULE XWHWKHORDGDVHYHQO\DVSRVVLEOHRQERWKWKHOHIWDQG ULJKWVLGHV %H VXUH WKDW DOO FDUJR LV ILUPO\ VHFXUHG WR SUHYHQW D FKDQJHLQZHLJKWGLVWULEXWLRQZKLOHGULYLQJ
±&217,18('±
'ULYLQJWLSV
7UDLOHUKLWFKHV
1HYHUGULOOWKHIUDPHRUXQGHUERG\RI\RXUYH KLFOHWRLQVWDOODFRPPHUFLDOWUDLOHUKLWFK,I\RX GRGDQJHURXVH[KDXVWJDVZDWHURUPXGPD\ HQWHUWKHSDVVHQJHUFRPSDUWPHQWWKURXJKWKH GULOOHGKROH([KDXVWJDVFRQWDLQVFDUERQPRQ R[LGH D FRORUOHVV DQG RGRUOHVV JDV ZKLFK LV GDQJHURXVRUHYHQOHWKDOLILQKDOHG$OVRGULOO LQJ WKH IUDPH RU XQGHUERG\ RI \RXU YHKLFOH FRXOG FDXVH GHWHULRUDWLRQ RI VWUHQJWK RI \RXU YHKLFOHDQGFDXVHFRUURVLRQDURXQGWKHGULOOHG KROH
y 'R QRW PRGLI\ WKH YHKLFOH H[KDXVW V\VWHP EUDNHV\VWHPRURWKHUV\VWHPVZKHQLQVWDOOLQJ DKLWFKRURWKHUWUDLOHUWRZLQJHTXLSPHQW y 'RQRWXVHD[OHPRXQWHGKLWFKHVDVWKH\FDQ FDXVHGDPDJHWRWKHD[OHKRXVLQJZKHHOEHDU LQJVZKHHOVRUWLUHV
7KHXVHRIDJHQXLQH68%$58WUDLOHUKLWFKLVUHFRP
PHQGHG $ JHQXLQH 68%$58 KLWFK LV DYDLODEOH IURP \RXU68%$58GHDOHU ,IXVHRIDQRQJHQXLQHKLWFKLVXQDYRLGDEOHEHVXUH WKHKLWFKLVVXLWHGWR\RXUYHKLFOHDQGWUDLOHU&RQVXOW ZLWK D SURIHVVLRQDO KLWFK VXSSOLHU WR DVVLVW \RX LQ FKRRVLQJDQDSSURSULDWHKLWFKIRU\RXUYHKLFOH%HVXUH WRIROORZDOORIWKHKLWFKPDQXIDFWXUHU¶VLQVWUXFWLRQVIRU LQVWDOODWLRQDQGXVH 1HYHUXVHDKLWFKWKDWPRXQWVRQO\WRWKHUHDUEXPSHU 7KH EXPSHU LV QRW GHVLJQHG WR KDQGOH WKDW W\SH RI ORDG )RUDOOW\SHVRIKLWFKHVUHJXODUO\FKHFNWKDWWKHKLWFK PRXQWLQJEROWVDQGQXWVDUHWLJKW
&RQQHFWLQJDWUDLOHU
T 7UDLOHUEUDNHV
y $GHTXDWH VL]H WUDLOHU EUDNHV DUH UHTXLUHG ZKHQWKHWUDLOHUDQGLWVFDUJRH[FHHGOEV NJ WRWDOZHLJKW y 'RQRWGLUHFWO\FRQQHFW\RXUWUDLOHU¶VK\GUDX OLFEUDNHV\VWHPWRWKHK\GUDXOLFEUDNHV\VWHP LQ\RXUYHKLFOH'LUHFWFRQQHFWLRQZRXOGFDXVH WKHYHKLFOH¶VEUDNHSHUIRUPDQFHWRGHWHULRUDWH
'ULYLQJWLSV
ORRVHDQGFUHDWHDWUDIILFVDIHW\KD]DUG )RU VDIHW\ DOZD\V FRQQHFW WKH WRZLQJ YHKLFOH DQG WUDLOHUZLWKWUDLOHUVDIHW\FKDLQV3DVVWKHFKDLQVFURVV LQJHDFKRWKHUXQGHUWKHWUDLOHUWRQJXHWRSUHYHQWWKH WUDLOHUIURPGURSSLQJRQWRWKHJURXQGLQFDVHWKHWUDLOHU WRQJXH VKRXOG GLVFRQQHFW IURP WKH KLWFK EDOO $OORZ VXIILFLHQWVODFNLQWKHFKDLQVWDNLQJWLJKWWXUQVLWXDWLRQV LQWRDFFRXQW KRZHYHUEHFDUHIXOQRWWROHWWKHPGUDJ RQWKHJURXQG )RUPRUHLQIRUPDWLRQDERXWWKHVDIHW\FKDLQFRQQHF WLRQUHIHUWRWKHLQVWUXFWLRQVIRU\RXUKLWFKDQGWUDLOHU
T 6LGHPLUURUV
DQGFRXOGOHDGWRDQDFFLGHQW
,I\RXUWUDLOHU¶VWRWDOZHLJKW WUDLOHUZHLJKWSOXVLWVFDUJR ZHLJKW H[FHHGV OEV NJ WKH WUDLOHU LV UH TXLUHGWREHHTXLSSHGZLWKLWVRZQEUDNHV\VWHP(OHF WULF EUDNHV RU VXUJH EUDNHV DUH UHFRPPHQGHG DQG PXVW EH LQVWDOOHG SURSHUO\ &KHFN WKDW \RXU WUDLOHU¶V EUDNHV FRQIRUP ZLWK )HGHUDO VWDWHSURYLQFH DQGRU RWKHU DSSOLFDEOH UHJXODWLRQV
GHDOHUDQGSURIHVVLRQDOWUDLOHUVXSSOLHUIRUPRUHLQIRU PDWLRQDERXWWKHWUDLOHU¶VEUDNHV\VWHP T 7UDLOHUVDIHW\FKDLQV
$OZD\VXVHVDIHW\FKDLQVEHWZHHQ\RXUYHKLFOH DQG WKH WUDLOHU 7RZLQJ WUDLOHU ZLWKRXW VDIHW\ FKDLQVFRXOGFUHDWHDWUDIILFVDIHW\KD]DUGLIWKH WUDLOHUVHSDUDWHVIURPWKHKLWFKGXHWRFRXSOLQJ GDPDJHRUKLWFKEDOOGDPDJH
,QFDVHWKHWUDLOHUKLWFKFRQQHFWRURUKLWFKEDOOVKRXOG EUHDN RU EHFRPH GLVFRQQHFWHG WKH WUDLOHU FRXOG JHW
$IWHUKLWFKLQJDWUDLOHUWR\RXUYHKLFOHFKHFNWKDWWKH
UB8041BA
±&217,18('±
'ULYLQJWLSV
VWDQGDUGVLGHPLUURUVSURYLGHDJRRGUHDUZDUGILHOGRI YLHZZLWKRXWVLJQLILFDQWEOLQGVSRWV,IVLJQLILFDQWEOLQG VSRWV RFFXU ZLWK WKH YHKLFOH¶V VWDQGDUG VLGH PLUURUV XVH WRZLQJ PLUURUV WKDW FRQIRUP ZLWK )HGHUDO VWDWH SURYLQFHDQGRURWKHUDSSOLFDEOHUHJXODWLRQV
WLUHLVXVHG7KHWHPSRUDU\VSDUHWLUHLVQRWGH VLJQHG WR VXVWDLQ WKH WRZLQJ ORDG 8VH RI WKH WHPSRUDU\VSDUHWLUHZKHQWRZLQJFDQUHVXOWLQ IDLOXUHRIWKHVSDUHWLUHDQGRUOHVV VWDELOLW\RI WKHYHKLFOH
T 7UDLOHUOLJKWV
0DNHVXUHWKDWDOOWKHWLUHVRQ\RXUYHKLFOHDUHSURSHUO\ LQIODWHG
7KHUHFRPPHQGHGFROGWLUHSUHVVXUHLVVKRZQRQWKH YHKLFOHSODFDUGDWWDFKHGWRWKHGULYHU¶VVLGHGRRUMDPE
7UDLOHUWLUHFRQGLWLRQVL]HORDGUDWLQJDQGSURSHULQIOD WLRQSUHVVXUHVKRXOGEHLQDFFRUGDQFHZLWKWKHWUDLOHU PDQXIDFWXUHU¶VVSHFLILFDWLRQV
,QWKHHYHQW\RXUYHKLFOHJHWVDIODWWLUHZKHQWRZLQJD WUDLOHUDVNDFRPPHUFLDOURDGVHUYLFHWRUHSDLUWKHIODW WLUH
,I\RXFDUU\DUHJXODUVL]HVSDUHWLUHLQ\RXUYHKLFOHRU WUDLOHU DV D SUHFDXWLRQ DJDLQVW JHWWLQJ D IODW WLUH EH VXUHWKDWWKHVSDUHWLUHLVILUPO\VHFXUHG
'LUHFWVSOLFLQJRURWKHULPSURSHUFRQQHFWLRQRI WUDLOHUOLJKWVPD\GDPDJH\RXUYHKLFOH¶VHOHFWUL FDOV\VWHPDQGFDXVHDPDOIXQFWLRQRI\RXUYH KLFOH¶VOLJKWLQJV\VWHP
&RQQHFWLRQRIWUDLOHUOLJKWVWR\RXUYHKLFOH¶VHOHFWULFDO V\VWHPUHTXLUHVPRGLILFDWLRQVWRWKHYHKLFOH¶VOLJKWLQJ FLUFXLWWRLQFUHDVHLWVFDSDFLW\DQGDFFRPPRGDWHZLU LQJFKDQJHV7RHQVXUHWKHWUDLOHUOLJKWVDUHFRQQHFWHG SURSHUO\SOHDVHFRQVXOW\RXU68%$58GHDOHU&KHFN IRU SURSHU RSHUDWLRQ RI WKH WXUQ VLJQDOV WKH EUDNH OLJKWVDQGSDUNLQJOLJKWVHDFKWLPH\RXKLWFKXS
T 7LUHV
1HYHU WRZ D WUDLOHU ZKHQ WKH WHPSRUDU\ VSDUH
7UDLOHUWRZLQJWLSV
y 1HYHUH[FHHGPSK NPK ZKHQWRZLQJ DWUDLOHULQKLOO\FRXQWU\RQKRWGD\V y :KHQ WRZLQJ D WUDLOHU VWHHULQJ VWDELOLW\ VWRSSLQJ GLVWDQFH DQG EUDNLQJ SHUIRUPDQFH ZLOO EH GLIIHUHQW IURP QRUPDO RSHUDWLRQ )RU VDIHW\¶VVDNH\RXVKRXOGHPSOR\H[WUDFDXWLRQ ZKHQ WRZLQJ D WUDLOHU DQG \RX VKRXOG QHYHU VSHHG
T %HIRUHVWDUWLQJRXWRQDWULS y &KHFNWKDWWKHYHKLFOHDQGYHKLFOHWRKLWFKPRXQW LQJDUHLQJRRGFRQGLWLRQ,IDQ\SUREOHPVDUHDSSDU HQWGRQRWWRZWKHWUDLOHU y &KHFNWKDWWKHYHKLFOHVLWVKRUL]RQWDOO\ZLWKWKHWUDLO HUDWWDFKHG,IWKHYHKLFOHLVWLSSHGVKDUSO\XSDWWKH IURQW DQG GRZQ DW WKH UHDU FKHFN WKH WRWDO WUDLOHU ZHLJKW*9:*$:VDQGWRQJXHORDGDJDLQWKHQFRQ ILUPWKDWWKHORDGDQGLWVGLVWULEXWLRQDUHDFFHSWDEOH y &KHFNWKDWWKHWLUHSUHVVXUHVDUHFRUUHFW y &KHFN WKDW WKH YHKLFOH DQG WUDLOHU DUH FRQQHFWHG SURSHUO\&RQILUPWKDW
'ULYLQJWLSV
± WKH WUDLOHU WRQJXH LV FRQQHFWHG SURSHUO\ WR WKH KLWFKEDOO ± WKHWUDLOHUOLJKWVFRQQHFWRULVFRQQHFWHGSURSHUO\ DQG WUDLOHU¶V EUDNH OLJKWV LOOXPLQDWH ZKHQ WKH YHKL FOH¶V EUDNH SHGDO LV SUHVVHG DQG WKDW WKH WUDLOHU¶V WXUQVLJQDOOLJKWVIODVKZKHQWKHYHKLFOH¶VWXUQVLJQDO OHYHULVRSHUDWHG ± WKHVDIHW\FKDLQVDUHFRQQHFWHGSURSHUO\ ± DOOFDUJRLQWKHWUDLOHULVVHFXUHGVDIHW\LQSRVLWLRQ ± WKHVLGHPLUURUVSURYLGHDJRRGUHDUZDUGILHOGRI YLHZZLWKRXWDVLJQLILFDQWEOLQGVSRW
y 6XIILFLHQWWLPHVKRXOGEHWDNHQWROHDUQWKH³IHHO´RI WKHYHKLFOHWUDLOHUFRPELQDWLRQEHIRUHVWDUWLQJRXWRQD WULS,QDQDUHDIUHHRIWUDIILFSUDFWLFHWXUQLQJVWRSSLQJ DQGEDFNLQJXS
T 'ULYLQJZLWKDWUDLOHU y
'ULYLQJWLSV
PDO WXUQLQJ UDGLXV EHFDXVH WKH WUDLOHU ZKHHOV ZLOO EH FORVHUWKDQWKHYHKLFOHZKHHOVWRWKHLQVLGHRIWKHWXUQ ,QDWLJKWWXUQWKHWUDLOHUFRXOGKLW\RXUYHKLFOH y &URVVZLQGV ZLOO DGYHUVHO\ DIIHFW WKH KDQGOLQJ RI \RXU YHKLFOH DQG WUDLOHU FDXVLQJ VZD\ &URVVZLQGV FDQ EH GXH WR ZHDWKHU FRQGLWLRQV RU WKH SDVVLQJ RI ODUJHWUXFNVRUEXVHV,IVZD\LQJRFFXUVILUPO\JULSWKH VWHHULQJZKHHODQGVORZGRZQLPPHGLDWHO\EXWJUDGX DOO\ y :KHQ SDVVLQJ RWKHU YHKLFOHV FRQVLGHUDEOH GLV WDQFH LV UHTXLUHG EHFDXVH RI WKH DGGHG ZHLJKW DQG OHQJWKFDXVHGE\DWWDFKLQJWKHWUDLOHUWR\RXUYHKLFOH
HS8023BB
/HIWWXUQ 5LJKWWXUQ
y %DFNLQJXSZLWKDWUDLOHULVGLIILFXOWDQGWDNHVSUDF WLFH:KHQEDFNLQJXSZLWKDWUDLOHUQHYHUDFFHOHUDWH RUVWHHUUDSLGO\:KHQWXUQLQJEDFNJULSWKHERWWRPRI WKHVWHHULQJZKHHOZLWKRQHKDQGDQGWXUQLWWRWKHOHIW IRUDOHIWWXUQDQGWXUQLWWRWKHULJKWIRUDULJKWWXUQ y ,IWKH$%6ZDUQLQJOLJKWLOOXPLQDWHVZKLOHWKHYHKLFOH LV LQ PRWLRQ VWRS WRZLQJ WKH WUDLOHUDQG KDYH UHSDLUV SHUIRUPHGLPPHGLDWHO\E\WKHQHDUHVW68%$58GHDO HU
T 'ULYLQJRQJUDGHV y %HIRUHJRLQJGRZQDVWHHSKLOOVORZGRZQDQGVKLIW LQWRORZHUJHDU LIQHFHVVDU\XVHVWJHDU LQRUGHUWR XWLOL]HWKHHQJLQHEUDNLQJHIIHFWDQGSUHYHQWRYHUKHDW LQJ RI \RXU YHKLFOH¶V EUDNHV 'R QRW PDNH VXGGHQ GRZQVKLIWV y :KHQGULYLQJXSKLOOLQKRWZHDWKHUWKHDLUFRQGLWLRQ HUPD\WXUQRIIDXWRPDWLFDOO\WRSURWHFWWKHHQJLQHIURP RYHUKHDWLQJ y :KHQGULYLQJXSKLOOLQKRWZHDWKHUSD\DWWHQWLRQWR WKHZDWHUWHPSHUDWXUHJDXJHSRLQWHU IRUDOOYHKLFOHV DQG$72,/7(03ZDUQLQJOLJKW IRU$7YHKLFOHV VLQFH WKH HQJLQH DQG WUDQVPLVVLRQ DUH UHODWLYHO\ SURQH WR RYHUKHDWLQJXQGHUWKHVHFRQGLWLRQV,IWKHZDWHUWHP SHUDWXUH JDXJH SRLQWHU DSSURDFKHV WKH 29(5+($7
]RQH RU WKH $7 2,/ 7(03 ZDUQLQJ OLJKW LOOXPLQDWHV LPPHGLDWHO\VZLWFKRIIWKHDLUFRQGLWLRQHUDQGVWRSWKH YHKLFOHDWWKHQHDUHVWVDIHSODFH5HIHUWRWKH³(QJLQHRYHUKHDWLQJ´ VHFWLRQ LQ FKDSWHU DQG³:DUQLQJ DQG LQGLFDWRUOLJKWV´VHFWLRQLQFKDSWHU y ,I\RXUYHKLFOHKDVDQDXWRPDWLFWUDQVPLVVLRQDYRLG XVLQJ WKH DFFHOHUDWRU SHGDO WR VWD\ VWDWLRQDU\ RQ DQ XSKLOOVORSHLQVWHDGRIXVLQJWKHSDUNLQJEUDNHRUIRRW EUDNH7KDWPD\FDXVHWKHWUDQVPLVVLRQIOXLGWRRYHU KHDW$OVRLI\RXUYHKLFOHLVHTXLSSHGZLWKDQDXWRPDW LFWUDQVPLVVLRQDYRLGGULYLQJZLWKWKHJHDUVHOHFWRUOH YHULQ³'´ZKHQWRZLQJDKHDY\WUDLOHUWRSUHYHQWIOXLG RYHUKHDWLQJ$ORZHUJHDUVKRXOGEHXVHG
T 3DUNLQJRQDJUDGH $OZD\VEORFNWKHZKHHOVXQGHUERWKYHKLFOHDQGWUDLOHU ZKHQ SDUNLQJ $SSO\ WKH SDUNLQJ EUDNH ILUPO\
'ULYLQJWLSV
±&217,18('±
,QFDVHRIHPHUJHQF\
,I\RXSDUN\RXUYHKLFOHLQDQHPHUJHQF\ -DFNDQGWRROV /RFDWLRQRIMDFNDQGWRROV 5HPRYLQJMDFNDQGWRROEDJ 5HVWRULQJMDFNDQGWRROV 6SDUHWLUH 5HPRYLQJWKHVSDUHWLUH 5HVWRUDJHRIVSDUHWLUH
7HPSRUDU\VSDUHWLUH )ODWWLUHV -XPSVWDUWLQJ (QJLQHRYHUKHDWLQJ
&KDQJLQJDIODWWLUH
+RZWRMXPSVWDUW
8VLQJWKHWHPSRUDU\VSDUHWLUH
,IVWHDPLVFRPLQJIURPWKHHQJLQH
FRPSDUWPHQW
,IQRVWHDPLVFRPLQJIURPWKHHQJLQH
FRPSDUWPHQW
7RZLQJ
7RZLQJDQGWLHGRZQKRRNV 8VLQJDIODWEHGWUXFN 7RZLQJZLWKDOOZKHHOVRQWKHJURXQG
0RRQURRI±LIWKHPRRQURRIFDQQRWEH
FORVHG
,QFDVHRIHPHUJHQF\
,QFDVHRIHPHUJHQF\
,I\RXSDUN\RXUYHKLFOHLQDQHPHU JHQF\
127( :KHQ WKH KD]DUG ZDUQLQJ IODVKHU LV RQ WKH WXUQ VLJQDOVGRQRWZRUN
UB8002BA
7KHKD]DUGZDUQLQJIODVKHUVKRXOGEHXVHGLQGD\RU QLJKWWRZDUQRWKHUGULYHUVZKHQ\RXKDYHWRSDUN\RXU YHKLFOHXQGHUHPHUJHQF\FRQGLWLRQV $YRLGVWRSSLQJRQWKHURDG,WLVEHVWWRVDIHO\SXOORII WKHURDGLIDSUREOHPRFFXUV
7KHKD]DUGZDUQLQJIODVKHUFDQEHDFWLYDWHGUHJDUG OHVVRIWKHLJQLWLRQVZLWFKSRVLWLRQ 7XUQ RQ WKH KD]DUG ZDUQLQJ E\ SXVKLQJ WKH KD]DUG ZDUQLQJ IODVKHU VZLWFK 7XUQ LW RII E\ SXVKLQJ WKH VZLWFKDJDLQ
