Download PDF Manual

 6HFXUH WKH YHKLFOH RQWR WKH FDUULHU SURSHUO\ ZLWK VDIHW\ FKDLQV (DFK VDIHW\ FKDLQ VKRXOG EH HTXDOO\ WLJKWHQHGDQGFDUHPXVWEHWDNHQQRWWRSXOOWKHFKDLQV VRWLJKWO\WKDWWKHVXVSHQVLRQERWWRPVRXW


y 1HYHUWXUQWKHLJQLWLRQVZLWFKWRWKH³/2&.´ SRVLWLRQ ZKLOH WKH YHKLFOH LV EHLQJ WRZHG EH FDXVH WKH VWHHULQJ ZKHHO DQG WKH GLUHFWLRQ RI WKHZKHHOVZLOOEHORFNHG y 5HPHPEHUWKDWWKHEUDNHERRVWHUDQGSRZHU VWHHULQJGRQRWIXQFWLRQZKHQWKHHQJLQHLVQRW UXQQLQJ%HFDXVHWKHHQJLQHLVWXUQHGRIILWZLOO WDNH JUHDWHU HIIRUW WR RSHUDWH WKH EUDNH SHGDO DQGVWHHULQJZKHHO


±&217,18('±





,QFDVHRIHPHUJHQF\


y ,IWUDQVPLVVLRQIDLOXUHRFFXUVWUDQVSRUW\RXU YHKLFOHRQDIODWEHGWUXFN y 'RQRWUXQWKHHQJLQHZKLOHWKHYHKLFOHLVEH LQJ WRZHG XVLQJ WKLV PHWKRG 7UDQVPLVVLRQ GDPDJHFRXOGUHVXOWLIWKHYHKLFOHLVWRZHGZLWK WKHHQJLQHUXQQLQJ y )RU YHKLFOHV ZLWK DXWRPDWLF WUDQVPLVVLRQ WKHWUDYHOLQJVSHHGPXVWEHOLPLWHGWROHVVWKDQ PSK NPK DQGWKHWUDYHOLQJGLVWDQFHWR OHVVWKDQPLOHV NP )RUJUHDWHUVSHHGV DQGGLVWDQFHVWUDQVSRUW\RXUYHKLFOHRQDIODW EHGWUXFN


 &KHFN WKH WUDQVPLVVLRQ DQG GLIIHUHQWLDO RLO OHYHOV DQGDGGRLOWREULQJLWWRWKHXSSHUOHYHOLIQHFHVVDU\  5HOHDVH WKH SDUNLQJ EUDNH DQG SXW WKH WUDQVPLV VLRQLQQHXWUDO  7KHLJQLWLRQVZLWFKVKRXOGEHLQWKH³$&&´SRVLWLRQ ZKLOHWKHYHKLFOHLVEHLQJWRZHG  7DNHXSVODFNLQWKHWRZOLQHVORZO\WRSUHYHQWGDP DJHWRWKHYHKLFOH





0RRQURRI±LIWKHPRRQURRIFDQQRWEH FORVHG


,I WKH PRRQURRI FDQQRW EH FORVHG ZLWK WKH PRRQURRI VZLWFK\RXFDQFORVHWKHPRRQURRIPDQXDOO\  7DNH RXW WKH PRRQURRI ZUHQFK DQG VFUHZGULYHU IURPWKHWRROEDJ


UB9006BA


,QFDVHRIHPHUJHQF\


UB9007BB


UB9008BA


 6FUHZV


 5HPRYH WKH PDS OLJKW OHQV E\ SU\LQJ WKH HGJH RI WKH OHQVZLWKDUHJXODUVFUHZGULYHUWKHQ UHPRYH WKH VZLWFKERG\UHWDLQLQJVFUHZVDQGWDNHRIIWKHPRRQ URRIVZLWFK


 ,QVHUWWKHZUHQFKLQWKHHQGRIWKHPRWRUVKDIW


y 7RORZHUWKHPRRQURRIWXUQWKHZUHQFKFORFNZLVH y 7R FORVH WKH PRRQURRI WXUQ WKH ZUHQFK FRXQWHU FORFNZLVH


+DYH\RXUYHKLFOHFKHFNHGE\DQDXWKRUL]HG68%$58
GHDOHU


±&217,18('±





$SSHDUDQFHFDUH


0RVWFRPPRQFDXVHVRIFRUURVLRQ  7RKHOSSUHYHQWFRUURVLRQ 


:DVKLQJ  :D[LQJDQGSROLVKLQJ &OHDQLQJDOXPLQXPZKHHOV &OHDQLQJIRJOLJKWOHQV 


([WHULRUFDUH       &RUURVLRQSURWHFWLRQ     &OHDQLQJWKHLQWHULRU     


6HDWIDEULF  /HDWKHUVHDWPDWHULDOV  6\QWKHWLFOHDWKHUXSKROVWHU\  &OLPDWHFRQWUROSDQHODXGLRSDQHOLQVWUXPHQW SDQHOFRQVROHSDQHOVZLWFKHVFRPELQDWLRQ PHWHUDQGRWKHUSODVWLFVXUIDFHV











$SSHDUDQFHFDUH


$SSHDUDQFHFDUH([WHULRUFDUH


„ :DVKLQJ


y :KHQ ZDVKLQJ WKH YHKLFOH WKH EUDNHV PD\ JHW ZHW $V D UHVXOW WKH EUDNH VWRSSLQJ GLV WDQFHZLOOEHORQJHU7RGU\WKHEUDNHVGULYHWKH YHKLFOH DW D VDIH VSHHG ZKLOH OLJKWO\ SUHVVLQJ WKHEUDNHSHGDOWRKHDWXSWKHEUDNHV y 'RQRWZDVKWKHHQJLQHFRPSDUWPHQWDQGDU HDVDGMDFHQWWRLW,IZDWHUHQWHUVWKHHQJLQHDLU LQWDNHHOHFWULFDOSDUWVRUWKHSRZHUVWHHULQJIOX LG UHVHUYRLU LW ZLOO FDXVH HQJLQH WURXEOH RU IDXOW\SRZHUVWHHULQJUHVSHFWLYHO\


7KHEHVWZD\WRSUHVHUYH\RXUYHKLFOH¶VEHDXW\LVIUH TXHQW ZDVKLQJ :DVK WKH YHKLFOH DW OHDVW RQFH D PRQWKWRDYRLGFRQWDPLQDWLRQE\URDGJULPH


:DVK GLUW RII ZLWK D ZHW VSRQJH DQG SOHQW\ RI OXNH ZDUPRUFROGZDWHU'RQRWZDVKWKHYHKLFOHZLWKKRW ZDWHUDQGLQGLUHFWVXQOLJKW


6DOWFKHPLFDOVLQVHFWVWDUVRRWDQGELUGGURSSLQJV VKRXOGEHZDVKHGRIIE\XVLQJDOLJKWGHWHUJHQWDVUH





TXLUHG,I\RXXVHDOLJKWGHWHUJHQWPDNHFHUWDLQWKDW LW LV D QHXWUDO GHWHUJHQW 'R QRW XVH VWURQJ VRDS RU FKHPLFDO GHWHUJHQWV $OO FOHDQLQJ DJHQWV VKRXOG EH SURPSWO\IOXVKHGIURPWKHVXUIDFHDQGQRWDOORZHGWR GU\WKHUH5LQVHWKHYHKLFOHWKRURXJKO\ZLWKSOHQW\RI OXNHZDUPZDWHU:LSHWKHUHPDLQLQJZDWHURIIZLWKD FKDPRLVRUVRIWFORWK


127( y %HIRUHKDYLQJ\RXUYHKLFOH ZDVKHGLQDQDXWR PDWLFFDUZDVKUHWUDFWWKHSLOODUPRXQWHGDQWHQQD RUUHPRYHUKHURRIPRXQWHGDQWHQQDWRSUHYHQWLW IURPEHLQJGDPDJHG y :KHQ KDYLQJ \RXU YHKLFOH ZDVKHG LQ DQ DXWR PDWLFFDUZDVKPDNHVXUHEHIRUHKDQGWKDWWKHFDU ZDVKLVRIVXLWDEOHW\SH,IWKHYHKLFOHLVHTXLSSHG ZLWKDUHDUURRIVSRLOHULWPD\EHGDPDJHGE\FDU ZDVKEUXVKHVRURWKHUHTXLSPHQW


T :DVKLQJWKHXQGHUERG\ &KHPLFDOVVDOWVDQGJUDYHOXVHGIRUGHLFLQJURDGVXU IDFHVDUHH[WUHPHO\FRUURVLYHDFFHOHUDWLQJWKHFRUUR VLRQRIXQGHUERG\FRPSRQHQWVVXFKDVWKHH[KDXVW V\VWHPIXHODQGEUDNHOLQHVEUDNHFDEOHVIORRUSDQ DQGIHQGHUVDQGVXVSHQVLRQ 7KRURXJKO\ IOXVK WKH XQGHUERG\ DQG LQVLGH RI WKH IHQGHUVZLWKOXNHZDUPRUFROGZDWHUDWIUHTXHQWLQWHU YDOVWRUHGXFHWKHKDUPIXOHIIHFWVRIVXFKDJHQWV


0XGDQGVDQGDGKHULQJWRWKHXQGHUERG\FRPSRQHQWV PD\DFFHOHUDWHWKHLUFRUURVLRQ $IWHUGULYLQJRIIURDGRUPXGG\RUVDQG\URDGVZDVK WKHPXGDQGVDQGRIIWKHXQGHUERG\ &DUHIXOO\IOXVKWKHVXVSHQVLRQDQGD[OHSDUWVDVWKH\ DUHSDUWLFXODUO\SURQHWRPXGDQGVDQGEXLOGXS'RQRW XVHDVKDUSHGJHGWRROWRUHPRYHFDNHGPXG


127( %HFDUHIXOQRWWRGDPDJHEUDNHKRVHVVHQVRUKDU QHVVHV DQG RWKHU SDUWV ZKHQ ZDVKLQJ VXVSHQ VLRQFRPSRQHQWV


T 8VLQJDZDUPZDWHUZDVKHU y .HHSDJRRGGLVWDQFHRILQ FP RUPRUHEH WZHHQWKHZDVKHUQR]]OHDQGWKHYHKLFOH y 'RQRWZDVKWKHVDPHDUHDFRQWLQXRXVO\ y ,I D VWDLQ ZLOO QRW FRPH RXW HDVLO\ ZDVK E\ KDQG 6RPHZDUPZDWHUZDVKHUVDUHRIWKHKLJKWHPSHUD WXUHKLJKSUHVVXUHW\SHDQGWKH\FDQGDPDJHRUGH IRUPWKHUHVLQSDUWVVXFKDVPRXOGLQJVRUFDXVHZD WHUWROHDNLQWRWKHYHKLFOH


„ :D[LQJDQGSROLVKLQJ $OZD\V ZDVK DQG GU\ WKH YHKLFOH EHIRUH ZD[LQJ DQG SROLVKLQJ 8VHDJRRGTXDOLW\SROLVKDQGZD[DQGDSSO\WKHPDF


$SSHDUDQFHFDUH


FRUGLQJWRWKHPDQXIDFWXUHU¶VLQVWUXFWLRQV:D[RUSRO LVKZKHQWKHSDLQWHGVXUIDFHLVFRRO


%HVXUHWRSROLVKDQGZD[WKHFKURPHWULPDVZHOODV WKHSDLQWHGVXUIDFHV/RVVRIZD[RQDSDLQWHGVXUIDFH OHDGVWRORVVRIWKH RULJLQDO OXVWHU DQG DOVR TXLFNHQV WKH GHWHULRUDWLRQ RI WKH VXUIDFH ,W LV UHFRPPHQGHG WKDWDFRDWRIZD[EHDSSOLHGDWOHDVWRQFHDPRQWKRU ZKHQHYHUWKHVXUIDFHQRORQJHUUHSHOVZDWHU


,I WKH DSSHDUDQFH RI WKH SDLQW KDV GLPLQLVKHG WR WKH SRLQW ZKHUH WKH OXVWHU RU WRQH FDQQRW EH UHVWRUHG OLJKWO\ SROLVK WKH VXUIDFH ZLWK D ILQHJUDLQHG FRP SRXQG1HYHUSROLVKMXVWWKHDIIHFWHGDUHDEXWLQFOXGH WKH VXUURXQGLQJ DUHD DV ZHOO $OZD\V SROLVK LQ RQO\ RQHGLUHFWLRQ$1RJUDLQFRPSRXQGLVUHFRP PHQGHG 1HYHU XVH D FRDUVHJUDLQHG FRPSRXQG &RDUVHUJUDLQHGFRPSRXQGVKDYHDVPDOOHUJUDLQVL]H QXPEHU DQG FRXOG GDPDJH WKH SDLQW $IWHU SROLVKLQJ ZLWKDFRPSRXQGFRDWZLWKZD[WRUHVWRUHWKHRULJLQDO OXVWHU)UHTXHQWSROLVKLQJZLWKDFRPSRXQGRUDQLQ FRUUHFWSROLVKLQJWHFKQLTXHZLOOUHVXOWLQUHPRYLQJWKH SDLQW OD\HU DQG H[SRVLQJ WKH XQGHUFRDW :KHQ LQ GRXEWLWLVDOZD\VEHVWWRFRQWDFW\RXU68%$58GHDO HURUDQDXWRSDLQWVSHFLDOLVW


127( %HFDUHIXOQRWWRGDPDJHEUDNHKRVHVVHQVRUKDU QHVVHV DQG RWKHU SDUWV ZKHQ ZDVKLQJ VXVSHQ ±&217,18('±





$SSHDUDQFHFDUH


VLRQFRPSRQHQWV


„ &OHDQLQJDOXPLQXPZKHHOV y 3URPSWO\ ZLSH WKH DOXPLQXP ZKHHOV FOHDQ RI DQ\ NLQGRIJULPHRUDJHQW,IGLUWLVOHIWRQWRRORQJLWPD\ EHGLIILFXOWWRFOHDQRII y 'RQRWXVHVRDSFRQWDLQLQJJULWWRFOHDQWKHZKHHOV %HVXUHWRXVHDQHXWUDOFOHDQLQJDJHQWDQGODWHUULQVH WKRURXJKO\ZLWKZDWHU'RQRWFOHDQWKHZKHHOVZLWKD VWLII EUXVK RU H[SRVH WKHP WR D KLJKVSHHG ZDVKLQJ GHYLFH y &OHDQWKHYHKLFOH LQFOXGLQJWKHDOXPLQXPZKHHOV ZLWK ZDWHU DV VRRQ DV SRVVLEOH ZKHQ LW KDV EHHQ VSODVKHGZLWKVHDZDWHUH[SRVHGWRVHDEUHH]HVRU GULYHQRQURDGVWUHDWHGZLWKVDOWRURWKHUDJHQWV


„ &OHDQLQJIRJOLJKWOHQV  6WRSWKHYHKLFOHLQDVDIHSODFH  6WRSWKHHQJLQHDQGWXUQRIIWKHIRJOLJKWV





UBA017BB


 &RXQWHUFORFNZLVH  /LJKWOHQVKRUL]RQWDOFHQWHUOLQH


 &KHFNWKDWWKHIRJOLJKWVDUHQRWKRW7KHQJUDVS WKH SURWHFWRU DQG WXUQ LW DSSUR[LPDWHO\ ° FRXQWHU FORFNZLVH  3XOOWKHSURWHFWRURIIWKHIRJOLJKW  :DVKWKHOHQVZLWKZDWHU  $SSO\ WKH SURWHFWRU WR WKH OHQV DW DQ DQJOH RI DS SUR[LPDWHO\ °IURP WKH IRJOLJKW¶VKRUL]RQWDO FHQWHU OLQH 7KHQ WXUQWKH SURWHFWRU FORFNZLVHXQWLOLWVWRSV )LQDOO\FKHFNWKDWWKHSURWHFWRU¶VKRUL]RQWDOEDUVDUH SDUDOOHOZLWKWKHIRJOLJKW¶VKRUL]RQWDOFHQWHUOLQH


$SSHDUDQFHFDUH


&RUURVLRQSURWHFWLRQ


SURSHUYHQWLODWLRQ



„ 0RVWFRPPRQFDXVHVRIFRUURVLRQ 7KHPRVWFRPPRQFDXVHVRIFRUURVLRQDUH  7KHDFFXPXODWLRQRIPRLVWXUHUHWDLQLQJGLUWDQGGH EULVLQERG\SDQHOVHFWLRQVFDYLWLHVDQGRWKHUDUHDV  'DPDJH WR SDLQW DQG RWKHU SURWHFWLYH FRDWLQJV FDXVHGE\JUDYHODQGVWRQHFKLSVRUPLQRUDFFLGHQWV


&RUURVLRQLVDFFHOHUDWHGRQWKHYHKLFOHZKHQ  ,WLVH[SRVHGWRURDGVDOWRUGXVWFRQWUROFKHPLFDOV RUXVHGLQFRDVWDODUHDVZKHUHWKHUHLVPRUHVDOWLQWKH DLURULQDUHDVZKHUHWKHUHLVFRQVLGHUDEOHLQGXVWULDO SROOXWLRQ  ,W LV GULYHQ LQ DUHDV RI KLJK KXPLGLW\ HVSHFLDOO\ ZKHQWHPSHUDWXUHVUDQJHMXVWDERYHIUHH]LQJ  'DPSQHVV LQ FHUWDLQ SDUWV RI WKH YHKLFOH UHPDLQV IRUDORQJWLPHHYHQWKRXJKRWKHUSDUWVRIWKHYHKLFOH PD\EHGU\  +LJKWHPSHUDWXUHVZLOOFDXVHFRUURVLRQWRSDUWVRI WKH YHKLFOH ZKLFK FDQQRW GU\ TXLFNO\ GXH WR ODFN RI


„ 7RKHOSSUHYHQWFRUURVLRQ :DVKWKHYHKLFOHUHJXODUO\WRSUHYHQWFRUURVLRQRIWKH ERG\DQGVXVSHQVLRQFRPSRQHQWV$OVRZDVKWKHYH KLFOHSURPSWO\DIWHUGULYLQJRQDQ\RIWKHIROORZLQJVXU IDFHV y URDGV WKDW KDYH EHHQ VDOWHG WR SUHYHQW WKHP IURP IUHH]LQJLQZLQWHU y PXGVDQGRUJUDYHO y FRDVWDOURDGV


$IWHUWKHZLQWHUKDVHQGHGLWLVUHFRPPHQGHGWKDWWKH XQGHUERG\EHJLYHQDYHU\WKRURXJKZDVKLQJ


%HIRUHWKHEHJLQQLQJRIZLQWHUFKHFNWKHFRQGLWLRQRI XQGHUERG\FRPSRQHQWVVXFKDVWKHH[KDXVWV\VWHP IXHODQGEUDNHOLQHVEUDNHFDEOHVVXVSHQVLRQVWHHU LQJV\VWHPIORRUSDQDQGIHQGHUV,IDQ\RIWKHPDUH IRXQGWREHUXVWHGWKH\VKRXOGEHJLYHQDQDSSURSUL DWH UXVW SUHYHQWLRQ WUHDWPHQW RU VKRXOG EH UHSODFHG &RQWDFW\RXU68%$58GHDOHUWRSHUIRUPWKLVNLQGRI PDLQWHQDQFHDQGWUHDWPHQWLI\RXQHHGDVVLVWDQFH


5HSDLUFKLSVDQGVFUDWFKHVLQWKHSDLQWDVVRRQDV\RX ILQGWKHP


&KHFNWKHLQWHULRURIWKHYHKLFOHIRUZDWHUDQGGLUWDF


±&217,18('±





$SSHDUDQFHFDUH


FXPXODWLRQ XQGHU WKH IORRU PDWV EHFDXVH WKDW FRXOG FDXVH FRUURVLRQ 2FFDVLRQDOO\FKHFNXQGHUWKH PDWV WRPDNHVXUHWKHDUHDLVGU\


.HHS\RXUJDUDJHGU\'RQRWSDUN\RXUYHKLFOHLQD GDPSSRRUO\YHQWLODWHGJDUDJH,QVXFKDJDUDJHFRU URVLRQFDQEHFDXVHGE\GDPSQHVV,I\RXZDVKWKH YHKLFOHLQWKHJDUDJHRUSXWWKHYHKLFOHLQWRWKHJDUDJH ZKHQZHWRUFRYHUHGZLWKVQRZWKDWFDQFDXVHGDPS QHVV


,I\RXUYHKLFOHLVRSHUDWHGLQFROGZHDWKHUDQGRULQDU HDVZKHUHURDGVDOWVDQGRWKHUFRUURVLYHPDWHULDOVDUH XVHG WKH GRRU KLQJHV DQG ORFNV WUXQN OLG ORFN DQG KRRGODWFKVKRXOGEHLQVSHFWHGDQGOXEULFDWHGSHULRG LFDOO\





&OHDQLQJWKHLQWHULRU


8VHDYDFXXPFOHDQHUWRJHWULGRIWKHGXVWDQGGLUW :LSHWKHYLQ\ODUHDVZLWKDFOHDQGDPSFORWK


„ 6HDWIDEULF 5HPRYH ORRVH GLUW GXVW RU GHEULV ZLWK D YDFXXP FOHDQHU,IWKHGLUWLVFDNHGRQWKHIDEULFRUKDUGWRUH PRYH ZLWK D YDFXXP FOHDQHU XVH D VRIW EOXVK WKHQ YDFXXPLW :LSHWKHIDEULFVXUIDFHZLWKDWLJKWO\ZUXQJFORWKDQG GU\WKHVHDWIDEULFWKRURXJKO\,IWKHIDEULFLVVWLOOGLUW\ ZLSHXVLQJDVROXWLRQRIPLOGVRDSDQGOXNHZDUPZDWHU WKHQGU\WKRURXJKO\


,I WKH VWDLQ GRHV QRW FRPH RXW WU\ D FRPPHUFLDOO\ DYDLODEOHIDEULFFOHDQHU8VHWKHFOHDQHURQDKLGGHQ SODFHDQGPDNHVXUHLWGRHVQRWDIIHFWWKHIDEULFDG YHUVHO\8VHWKHFOHDQHUDFFRUGLQJWRLWVLQVWUXFWLRQV


„ /HDWKHUVHDWPDWHULDOV 7KHOHDWKHUXVHGE\68%$58LVDKLJKTXDOLW\QDWXUDO SURGXFWZKLFKZLOOUHWDLQLWVGLVWLQFWLYHDSSHDUDQFHDQG IHHOIRUPDQ\\HDUVZLWKSURSHUFDUH $OORZLQJGXVWRUURDGGLUWWREXLOGXSRQWKHVXUIDFHFDQ FDXVHWKHPDWHULDOWREHFRPHEULWWOHDQGWRZHDUSUH


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

„ 6\QWKHWLFOHDWKHUXSKROVWHU\ 7KHV\QWKHWLFOHDWKHUPDWHULDO XVHGRQWKH68%$58
PD\EHFOHDQHGXVLQJPLOGVRDSRUGHWHUJHQWDQGZD WHUDIWHUILUVWYDFXXPLQJRUEUXVKLQJDZD\ORRVHGLUW $OORZWKHVRDSWRVRDNLQIRUDIHZPLQXWHVDQGZLSH RII ZLWK D FOHDQ GDPS FORWK &RPPHUFLDO IRDPW\SH FOHDQHUV VXLWDEOH IRU V\QWKHWLF OHDWKHU PDWHULDOV PD\ EHXVHGZKHQQHFHVVDU\


$SSHDUDQFHFDUH


127( 6WURQJ FOHDQLQJ DJHQWV VXFK DV VROYHQWV SDLQW WKLQQHUVZLQGRZFOHDQHURUJDVROLQHPXVWQHYHU EHXVHGRQOHDWKHURUV\QWKHWLFLQWHULRUPDWHULDOV


„ &OLPDWHFRQWUROSDQHODXGLRSDQHOLQ VWUXPHQWSDQHOFRQVROHSDQHOVZLWFK HVFRPELQDWLRQPHWHUDQGRWKHUSODV WLFVXUIDFHV


*HQWO\ ZLSH DZD\ FRQWDPLQDWLRQ XVLQJ D FOHDQ VRIW FORWKPRLVWHQHGZLWKFROGRUOXNHZDUPZDWHU


127( 'R QRW XVH RUJDQLF VROYHQWV VXFK DV SDLQW WKLQ QHUV RU JDVROLQH RU VWURQJ FOHDQLQJ DJHQWV WKDW FRQWDLQWKRVHVROYHQWV


±&217,18('±





0DLQWHQDQFHVFKHGXOH  0DLQWHQDQFHSUHFDXWLRQV 


 


%HIRUHFKHFNLQJRUVHUYLFLQJLQWKHHQJLQH


FRPSDUWPHQW 





:KHQ\RXGRFKHFNLQJRUVHUYLFLQJLQWKH HQJLQHFRPSDUWPHQWZKLOHWKHHQJLQHLV UXQQLQJ  (QJLQHKRRG (QJLQHFRPSDUWPHQWRYHUYLHZ  1RQWXUERPRGHOV  7XUERPRGHOV 


     (QJLQHRLO   &KHFNLQJWKHRLOOHYHO   &KDQJLQJWKHRLODQGRLOILOWHU   5HFRPPHQGHGJUDGHDQGYLVFRVLW\  5HFRPPHQGHGJUDGHDQGYLVFRVLW\XQGHU


VHYHUHGULYLQJFRQGLWLRQV  &RROLQJV\VWHP  +RVHDQGFRQQHFWLRQV  (QJLQHFRRODQW   $LUFOHDQHUHOHPHQW   5HSODFLQJWKHDLUFOHDQHUHOHPHQW  6SDUNSOXJV   5HFRPPHQGHGVSDUNSOXJV   'ULYHEHOWV   0DQXDOWUDQVPLVVLRQRLO  &KHFNLQJWKHRLOOHYHO   5HFRPPHQGHGJUDGHDQGYLVFRVLW\  $XWRPDWLFWUDQVPLVVLRQIOXLG  


0DLQWHQDQFHDQGVHUYLFH


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


&OXWFKSHGDO 0DQXDOWUDQVPLVVLRQ


YHKLFOHV    &KHFNLQJWKHFOXWFKIXQFWLRQ   &KHFNLQJWKHFOXWFKSHGDOIUHHSOD\   5HSODFHPHQWRIEUDNHSDGDQGOLQLQJ   %UHDNLQJLQRIQHZEUDNHSDGVDQGOLQLQJV  3DUNLQJEUDNHVWURNH   7LUHVDQGZKHHOV  








0DLQWHQDQFHDQGVHUYLFH


7\SHVRIWLUHV   7LUHLQVSHFWLRQ   7LUHSUHVVXUHVDQGZHDU   :KHHOEDODQFH  :HDULQGLFDWRUV  7LUHURWDWLRQ  7LUHUHSODFHPHQW  :KHHOUHSODFHPHQW   $OXPLQXPZKHHOV  :LQGVKLHOGZDVKHUIOXLG   5HSODFHPHQWRIZLQGVKLHOGZLSHUEODGHV   %DWWHU\   )XVHV   0DLQIXVH  ,QVWDOODWLRQRIDFFHVVRULHV   5HSODFLQJEXOEV  +HDGOLJKW   )URQWIRJOLJKW   )URQWWXUQVLJQDOOLJKWSDUNLQJOLJKWDQG


VLGHPDUNHUOLJKW   5HDUFRPELQDWLRQOLJKWV  7DLOOLJKW RQWKHWDLOJDWH    /LFHQVHSODWHOLJKW   0DSOLJKWGRPHOLJKWDQGGRRUVWHSOLJKW   +LJKPRXQWVWRSDQGFDUJROLJKWDVVHPEO\   6SRUWDFWLYLW\OLJKWV LIHTXLSSHG  





0DLQWHQDQFHDQGVHUYLFH0DLQWHQDQFHVFKHGXOH


0DLQWHQDQFHSUHFDXWLRQV


7KHVFKHGXOHGPDLQWHQDQFHLWHPVUHTXLUHGWREHVHU YLFHGDWUHJXODULQWHUYDOVDUHVKRZQLQWKH³:DUUDQW\ DQG0DLQWHQDQFH%RRNOHW´


:KHQPDLQWHQDQFHDQGVHUYLFHDUHUHTXLUHGLWLVUHF RPPHQGHG WKDW DOO ZRUN EH GRQH E\ DQ DXWKRUL]HG 68%$58GHDOHU


0DLQWHQDQFHDQGVHUYLFH


)RU GHWDLOV RI \RXU PDLQWHQDQFH VFKHGXOH UHDG WKH VHSDUDWH³:DUUDQW\DQG0DLQWHQDQFH%RRNOHW´


,I \RX SHUIRUP PDLQWHQDQFH DQG VHUYLFH E\ \RXUVHOI \RX VKRXOG IDPLOLDUL]H \RXUVHOI ZLWK WKH LQIRUPDWLRQ SURYLGHGLQWKLVVHFWLRQRQJHQHUDOPDLQWHQDQFHDQG VHUYLFHIRU\RXU68%$58


,QFRUUHFWRULQFRPSOHWHVHUYLFHFRXOGFDXVHLPSURSHU RUXQVDIHYHKLFOHRSHUDWLRQ$Q\SUREOHPVFDXVHGE\ LPSURSHUPDLQWHQDQFHDQGVHUYLFHSHUIRUPHGE\\RX DUHQRWHOLJLEOHIRUZDUUDQW\FRYHUDJH


y 7HVWLQJ RI DQ $OO:KHHO 'ULYH YHKLFOH PXVW 1(9(5EHSHUIRUPHGRQDVLQJOHWZRZKHHOG\ QDPRPHWHURUVLPLODUDSSDUDWXV$WWHPSWLQJWR GRVRZLOOUHVXOWLQWUDQVPLVVLRQGDPDJHDQGLQ XQFRQWUROOHGYHKLFOHPRYHPHQWDQGPD\FDXVH DQDFFLGHQWRULQMXULHVWRSHUVRQVQHDUE\ y $OZD\V VHOHFW D VDIH DUHD ZKHQ SHUIRUPLQJ PDLQWHQDQFHRQ\RXUYHKLFOH y $OZD\VEH YHU\FDUHIXOWRDYRLGLQMXU\ZKHQ ZRUNLQJRQWKHYHKLFOH5HPHPEHUWKDWVRPHRI


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


WKHPDWHULDOVLQWKHYHKLFOHPD\EHKD]DUGRXVLI LPSURSHUO\ XVHG RU KDQGOHG IRU H[DPSOH EDW WHU\DFLG y




PD\DFWLYDWHWKHV\VWHPRULWFDQUHQGHULWLQRS HUDWLYH 7KH ZLULQJ DQG FRQQHFWRUV RI WKHVH V\VWHPVDUH\HOORZIRUHDV\LGHQWLILFDWLRQ1(9 (5XVHDFLUFXLWWHVWHUIRUWKHVHZLULQJ ,I \RXU 656 DLUEDJ RU VHDWEHOW SUHWHQVLRQHU QHHGV VHUYLFH FRQVXOW \RXU QHDUHVW 68%$58
GHDOHU


„ %HIRUHFKHFNLQJRUVHUYLFLQJLQWKHHQ


JLQHFRPSDUWPHQW


y $OZD\V VWRS WKH HQJLQH DQG VHW WKH SDUNLQJ EUDNH ILUPO\ WR SUHYHQW WKH YHKLFOH IURP PRY LQJ y $OZD\V OHW WKH HQJLQH FRRO GRZQ (QJLQH SDUWVEHFRPHYHU\KRWZKHQWKHHQJLQHLVUXQ QLQJDQGUHPDLQKRWIRUVRPHWLPHDIWHUWKHHQ JLQHLVVWRSSHG y 'RQRWVSLOOHQJLQHRLOHQJLQHFRRODQWEUDNH IOXLG RU DQ\ RWKHU IOXLG RQ KRW HQJLQH FRPSR QHQWV7KLVPD\FDXVHDILUH y $OZD\V UHPRYH WKH NH\ IURP WKH LJQLWLRQ VZLWFK:KHQWKHLJQLWLRQVZLWFKLVLQWKH³21´ SRVLWLRQWKHFRROLQJIDQPD\RSHUDWHVXGGHQO\


HYHQZKHQWKHHQJLQHLVVWRSSHG


(QJLQHKRRG


0DLQWHQDQFHDQGVHUYLFH


„ :KHQ\RXGRFKHFNLQJRUVHUYLFLQJLQ WKHHQJLQHFRPSDUWPHQWZKLOHWKHHQ JLQHLVUXQQLQJ


$UXQQLQJHQJLQHFDQEHGDQJHURXV.HHS\RXU ILQJHUV KDQGV FORWKLQJ KDLU DQG WRROV DZD\ IURPWKHFRROLQJIDQEHOWVDQGDQ\RWKHUPRY LQJHQJLQHSDUWV5HPRYLQJULQJVZDWFKHVDQG WLHVLVDGYLVDEOH


UBB008EA


7RRSHQWKHKRRG  ,IWKHZLSHUEODGHVDUHOLIWHGRIIWKHZLQGVKLHOGUH WXUQWKHPWRWKHLURULJLQDOSRVLWLRQV  3XOO WKH KRRG UHOHDVH NQRE XQGHU WKH LQVWUXPHQW SDQHO


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


UBB094BA


UBB003BA


 5HOHDVHWKHVHFRQGDU\KRRGUHOHDVHORFDWHGXQGHU WKHIURQWJULOOHE\PRYLQJWKHOHYHUWRZDUGWKHOHIW


 /LIWXSWKHKRRGUHOHDVHWKHKRRGSURSIURPLWVUH WDLQHUDQGSXWWKHHQGRIWKHKRRGSURSLQWRWKHVORWLQ WKHKRRG


7RFORVHWKHKRRG  /LIW WKH KRRG VOLJKWO\ DQG UHPRYH WKH KRRG SURS IURPWKHVORWLQWKHKRRGDQGUHWXUQWKHSURSWRLWVUH WDLQHU  /RZHUWKHKRRGXQWLOLWDSSURDFKHVDERXWLQ  FP IURPWKHFORVHGSRVLWLRQDQGOHWLWGURS  $IWHUFORVLQJWKHKRRGEHVXUHWKHKRRGLVVHFXUHO\ ORFNHG


,IWKLVGRHVQRWFORVHWKHKRRGUHOHDVHLWIURPDVOLJKWO\ KLJKHUSRVLWLRQ'RQRWSXVKWKHKRRGIRUFLEO\WRFORVH





LW,WFRXOGGHIRUPWKHPHWDO


$OZD\VFKHFNWKDWWKHKRRGLVSURSHUO\ORFNHG EHIRUH\RXVWDUWGULYLQJ,ILWLVQRWLWPLJKWIO\ RSHQ ZKLOH WKH YHKLFOH LV PRYLQJ DQG EORFN \RXU YLHZ ZKLFK PD\ FDXVH DQ DFFLGHQW DQG VHULRXVERGLO\LQMXU\


0DLQWHQDQFHDQGVHUYLFH


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


(QJLQHFRPSDUWPHQWRYHUYLHZ


„ 1RQWXUERPRGHOV


4 5 6 7


14


13


12


11


10


UBB036BB





 0DQXDOWUDQVPLVVLRQRLOOHYHO


JDXJH 07  SDJH RU'LI IHUHQWLDOJHDURLOOHYHOJDXJH $7  SDJH


 $LUFOHDQHUHOHPHQW SDJH





 &OXWFKIOXLGUHVHUYRLU SDJH





 $XWRPDWLFWUDQVPLVVLRQIOXLGOHY


HOJDXJH SDJH


 %UDNHIOXLGUHVHUYRLU SDJH





 )XHOILOWHU  :LQGVKLHOGZDVKHUWDQN SDJH





 )XVHER[ SDJH  %DWWHU\ SDJH  (QJLQHRLOILOOHUFDS SDJH  (QJLQHFRRODQWUHVHUYRLU SDJH





 5DGLDWRUFDS SDJH  (QJLQHRLOOHYHOJDXJH SDJH





 3RZHUVWHHULQJIOXLGUHVHUYRLU


SDJH


„ 7XUERPRGHOV


0DLQWHQDQFHDQGVHUYLFH


 $LUFOHDQHUHOHPHQW SDJH





5 6


 0DQXDOWUDQVPLVVLRQRLOOHYHO


JDXJH 07  SDJH RU'LI IHUHQWLDOJHDURLOOHYHOJDXJH $7  SDJH


 &OXWFKIOXLGUHVHUYRLU SDJH





 $XWRPDWLFWUDQVPLVVLRQIOXLGOHY


HOJDXJH SDJH


 %UDNHIOXLGUHVHUYRLU SDJH





 )XHOILOWHU  :LQGVKLHOGZDVKHUWDQN SDJH





 )XVHER[ SDJH  %DWWHU\ SDJH  (QJLQHRLOILOOHUFDS SDJH  (QJLQHFRRODQWUHVHUYRLU SDJH





UBB098BB


 (QJLQHRLOOHYHOJDXJH SDJH





 5DGLDWRUFDS SDJH  3RZHUVWHHULQJIOXLGUHVHUYRLU


SDJH


±&217,18('±





15


14


1312 11 10


0DLQWHQDQFHDQGVHUYLFH


(QJLQHRLO


„ &KHFNLQJWKHRLOOHYHO &KHFNWKHHQJLQHRLOOHYHODWHDFKIXHOVWRS  3DUNWKHYHKLFOHRQDOHYHOVXUIDFHDQGVWRSWKHHQ JLQH


 1RWFK  8SSHUOHYHO  /RZHUOHYHO


UGB082BB


UBB004JA


 3XOORXWWKHGLSVWLFNDJDLQDQGFKHFNWKHRLOOHYHORQ LW,ILWLVEHORZWKHORZHUOHYHODGGRLOWREULQJWKHOHYHO XSWRWKHXSSHUOHYHO


 3XOO RXW WKH GLSVWLFN ZLSH LW FOHDQ DQG LQVHUW LW DJDLQ  %H VXUH WKH GLSVWLFN LV FRUUHFWO\ LQVHUWHG XQWLO LW VWRSVZLWKWKHJUDSKLFV\PERO RQLWVWRSDSSHDU LQJDVVKRZQLQWKHLOOXVWUDWLRQ





8VH RQO\ HQJLQH RLO ZLWK WKH UHFRPPHQGHG JUDGHDQGYLVFRVLW\


,I\RXFKHFNWKHRLOOHYHOMXVWDIWHUVWRSSLQJWKHHQJLQH


ZDLWDIHZPLQXWHVIRUWKHRLOWRGUDLQEDFNLQWRWKHRLO SDQEHIRUHFKHFNLQJWKHOHYHO 7R SUHYHQW RYHUILOOLQJ WKH HQJLQH RLO GR QRW DGG DQ\ DGGLWLRQDORLODERYHWKHXSSHUOHYHOZKHQWKHHQJLQHLV FROG


7KHGLSVWLFNKDVDQRWFKDERYHWKHXSSHUOHYHO -XVWDIWHUGULYLQJRUZKLOHWKHHQJLQHLVZDUPWKHHQ JLQHRLOOHYHOUHDGLQJPD\EHLQDUDQJHEHWZHHQWKH XSSHUOHYHODQGWKHQRWFKPDUN7KLVLVFDXVHGE\WKHU PDOH[SDQVLRQRIWKHHQJLQHRLO


„ &KDQJLQJWKHRLODQGRLOILOWHU &KDQJH WKH RLODQG RLOILOWHUDFFRUGLQJWRWKHPDLQWH QDQFH VFKHGXOH LQ WKH ³:DUUDQW\ DQG 0DLQWHQDQFH %RRNOHW´ 7KHHQJLQHRLODQGRLOILOWHUPXVWEHFKDQJHGPRUHIUH TXHQWO\WKDQOLVWHGLQWKHPDLQWHQDQFHVFKHGXOHZKHQ GULYLQJRQGXVW\URDGVZKHQVKRUWWULSVDUHIUHTXHQWO\ PDGHRUZKHQGULYLQJLQH[WUHPHO\FROGZKHWKHU


 :DUPXSWKH HQJLQHE\ OHWWLQJWKH HQJLQHLGOHIRU DERXWPLQXWHVWRHDVHGUDLQLQJWKHHQJLQHRLO  3DUNWKHYHKLFOHRQDOHYHOVXUIDFHDQGVWRSWKHHQ JLQH  5HPRYHWKHRLOILOOHUFDS


0DLQWHQDQFHDQGVHUYLFH


UBB005BB


 'UDLQSOXJ


 'UDLQRXWWKHHQJLQHRLOE\UHPRYLQJWKHGUDLQSOXJ ZKLOHWKHHQJLQHLVVWLOOZDUP7KHXVHGRLOVKRXOGEH GUDLQHGLQWRDQDSSURSULDWHFRQWDLQHUDQGGLVSRVHGRI SURSHUO\


%HFDUHIXOQRWWREXUQ\RXUVHOIZLWKKRWHQJLQH RLO


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


 6HDOLQJZDVKHU  'UDLQSOXJ


 5HPRYHWKUHHFOLSVDWWKHIURQWRIWKHFRYHUXQGHU WKHRLOILOWHU


UBB051BB


UBB054BA


 :LSH WKH VHDWLQJ VXUIDFH RI WKH GUDLQ SOXJ ZLWK D FOHDQFORWKDQGWLJKWHQLWVHFXUHO\ZLWKDQHZVHDOLQJ ZDVKHUDIWHUWKHRLOKDVFRPSOHWHO\GUDLQHGRXW





0DLQWHQDQFHDQGVHUYLFH


UHVXOWLQDQRLOOHDN


5HLQVWDOOWKHFRYHUXQGHUWKHRLOILOWHU 3RXUHQJLQHRLOWKURXJKWKHILOOHUQHFN


2LOFDSDFLW\ *XLGHOLQH 


86TW OLWHUV,PSTW


7KH RLO TXDQWLW\ LQGLFDWHG DERYH LV RQO\ D JXLGHOLQH 7KHQHFHVVDU\TXDQWLW\RIRLOGHSHQGVRQWKHTXDQWLW\ RIRLOWKDWKDVEHHQGUDLQHG7KHTXDQWLW\RIGUDLQHGRLO GLIIHUVVOLJKWO\GHSHQGLQJRQWKHWHPSHUDWXUHRIWKHRLO DQGWKHWLPHWKHRLOLVOHIWIORZLQJRXW$IWHUUHILOOLQJWKH HQJLQHZLWKRLOWKHUHIRUH\RXPXVWXVHWKHGLSVWLFNWR FRQILUPWKDWWKHOHYHOLVFRUUHFW 6WDUWWKHHQJLQHDQGPDNHVXUHWKDWQRRLOOHDNVDS SHDUDURXQGWKHILOWHU¶VUXEEHUVHDODQGGUDLQSOXJ 5XQWKHHQJLQHXQWLOLWUHDFKHVWKHQRUPDORSHUDW LQJWHPSHUDWXUH7KHQVWRSWKHHQJLQHDQGZDLWDIHZ PLQXWHVWRDOORZWKHRLOGUDLQEDFN&KHFNWKHRLOOHYHO DJDLQDQGLIQHFHVVDU\DGGPRUHHQJLQHRLO


±&217,18('±





UBB055BA


 6OLGHWKHFRYHUWRZDUGWKHYHKLFOHIURQWWRUHPRYH LW  5HPRYHWKHRLOILOWHUZLWKDQRLOILOWHUZUHQFK  %HIRUHLQVWDOOLQJDQHZRLOILOWHUDSSO\DWKLQFRDWRI HQJLQHRLOWRWKHVHDO &OHDQWKHUXEEHUVHDOVHDWLQJDUHDRIWKHERWWRPRI HQJLQH DQG LQVWDOO WKH RLO ILOWHU E\ KDQG WXUQLQJ %H FDUHIXOQRWWRWZLVWRUGDPDJHWKHVHDO 7LJKWHQ LW DSSUR[LPDWHO\ WZRWKLUGV RI D WXUQ DIWHU WKHVHDOPDNHVFRQWDFWZLWKWKHERWWRPRIHQJLQH


1HYHURYHUWLJKWHQWKHRLOILOWHUEHFDXVHWKDWFDQ


0DLQWHQDQFHDQGVHUYLFH


„ 5HFRPPHQGHGJUDGHDQGYLVFRVLW\


8VH RQO\ HQJLQH RLO ZLWK WKH UHFRPPHQGHG JUDGHDQGYLVFRVLW\


2LOJUDGH


,/6$&*)ZKLFKFDQEHLGHQWLILHGZLWKWKHQHZ $3,FHUWLILFDWLRQPDUN 6WDUEXUVWPDUN RU$3,FODVVLILFDWLRQ6/ZLWKWKHZRUGV³(1(5*< &216(59,1*´ LI \RX FDQQRW REWDLQ WKH RLO ZLWK 6/JUDGH\RXPD\XVH6-JUDGH³(1(5*<&21 6(59,1*´RLO 


7KHVH UHFRPPHQGHG RLO JUDGHV FDQ EH LGHQWLILHG E\ ORRNLQJ IRU HLWKHU RU ERWK RI WKH IROORZLQJ PDUNV GLV SOD\HGRQWKHRLOFRQWDLQHU


ERICA N


E T ROLEUM


IN


CERTIF I


HSB023AA


1HZ$3,&HUWLILFDWLRQ0DUN 6WDUEXUVW0DUN





1


A PI S E RVICE


SAE


5W 30


R VIN


GY CO N S E


0DLQWHQDQFHDQGVHUYLFH


-30 -20 -10


10 20 30 40


-20


20


40


60


80 100


5W-30*


10W-30, 10W-40


HSB022BB


HSB024BA


$3,6HUYLFHODEHO  ,QGLFDWHVWKHRLOTXDOLW\E\$3,GHVLJQDWLRQV  ,QGLFDWHVWKH6$(RLOYLVFRVLW\JUDGH  ,QGLFDWHVWKDWWKHRLOKDVIXHOVDYLQJFDSDELOLWLHV


,QFKRRVLQJDQRLO\RXZDQWWKHSURSHUTXDOLW\DQGYLV FRVLW\ DV ZHOO DV RQH WKDW ZLOO DGG WR IXHO HFRQRP\ 7KHIROORZLQJWDEOHOLVWVWKHUHFRPPHQGHGYLVFRVLWLHV DQGDSSOLFDEOHWHPSHUDWXUHV :KHQDGGLQJRLOGLIIHUHQWEUDQGVPD\EHXVHGWRJHWK HUDVORQJDVWKH\DUHWKHVDPH$3,FODVVLILFDWLRQDQG 6$(YLVFRVLW\DVWKRVHUHFRPPHQGHGE\68%$58


6$(YLVFRVLW\QXPEHUDQGDSSOLFDEOHWHPSHUDWXUH  :LVSUHIHUUHG


(QJLQHRLOYLVFRVLW\ WKLFNQHVV DIIHFWVIXHOHFRQRP\ 2LOV RI ORZHU YLVFRVLW\ SURYLGH EHWWHU IXHO HFRQRP\ +RZHYHULQKRWZHDWKHURLORIKLJKHUYLVFRVLW\LVUH TXLUHGWRSURSHUO\OXEULFDWHWKHHQJLQH


„ 5HFRPPHQGHGJUDGHDQGYLVFRVLW\


XQGHUVHYHUHGULYLQJFRQGLWLRQV


,IWKHYHKLFOHLVXVHGLQGHVHUWDUHDVLQDUHDVZLWKYHU\ KLJK WHPSHUDWXUHV RU XVHG IRU KHDY\GXW\ DSSOLFD WLRQVVXFKDVWRZLQJDWUDLOHUXVHRIRLOZLWKWKHIROORZ LQJJUDGHDQGYLVFRVLWLHVLVUHFRPPHQGHG


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


$3,FODVVLILFDWLRQ6/ RU6- 


6$(YLVFRVLW\1R


:::





&RROLQJV\VWHP


1HYHUDWWHPSWWRUHPRYHWKHUDGLDWRUFDSXQWLO WKH HQJLQH KDV EHHQ VKXW RII DQG KDV FRROHG GRZQ FRPSOHWHO\ 6LQFH WKH FRRODQW LV XQGHU SUHVVXUH\RXPD\VXIIHUVHULRXVEXUQVIURPD VSUD\RIERLOLQJKRWFRRODQWZKHQWKHFDSLVUH PRYHG


y 7KHFRROLQJV\VWHPKDVEHHQILOOHGDWWKHIDF WRU\ ZLWK D KLJK TXDOLW\ FRUURVLRQLQKLELWLQJ \HDUDURXQGFRRODQWZKLFKSURYLGHVSURWHFWLRQ DJDLQVW IUHH]LQJ GRZQ WR ±°) ±°&  )RU DGGLQJ XVH JHQXLQH 68%$58 FRRODQW RU DQ HTXLYDOHQWDPL[WXUHRIVRIWZDWHUDQG HWK\OHQHJO\FROEDVLVFRRODQW8VHRILPSURSHU FRRODQWVPD\UHVXOWLQFRUURVLRQLQWKHFRROLQJ V\VWHP ,W LV LPSRUWDQW WR PDLQWDLQ SURWHFWLRQ DJDLQVWIUHH]LQJDQGFRUURVLRQHYHQLIIUHH]LQJ WHPSHUDWXUHV DUH QRW H[SHFWHG 1HYHU PL[ GLI IHUHQWNLQGVRIFRRODQW y 'RQRWVSODVKWKHHQJLQHFRRODQWRYHUSDLQW


HG SDUWV 7KH DOFRKRO FRQWDLQHG LQ WKH HQJLQH FRRODQWPD\GDPDJHWKHSDLQWVXUIDFH


„ (QJLQHFRRODQW


T &KHFNLQJWKHFRRODQWOHYHO


0DLQWHQDQFHDQGVHUYLFH


„ +RVHDQGFRQQHFWLRQV

,IIUHTXHQWDGGLWLRQRIFRRODQWLVQHFHVVDU\WKHUHPD\ EH D OHDN LQ WKH HQJLQH FRROLQJ V\VWHP ,W LV UHFRP PHQGHGWKDWWKHFRROLQJV\VWHPDQGFRQQHFWLRQV EH FKHFNHGIRUOHDNVGDPDJHRUORRVHQHVV


UBB004FB


 ³)8//´OHYHOPDUN  ³/2:´OHYHOPDUN


&KHFNWKHFRRODQWOHYHODWHDFKIXHOVWRS  &KHFNWKHFRRODQWOHYHORQWKHRXWVLGHRIWKHUHVHU YRLUZKLOHWKHHQJLQHLVFRRO  ,IWKHOHYHOLVFORVHWRRUORZHUWKDQWKH³/2:´OHYHO PDUNDGGFRRODQWXSWRWKH³)8//´OHYHOPDUN,IWKH UHVHUYHWDQNLVHPSW\UHPRYHWKHUDGLDWRUFDSDQGUH ILOODVUHTXLUHG


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


 5XEEHUJDVNHWV


 'UDLQSOXJ


HSB026BB


UBB006BB


 $IWHUUHILOOLQJWKHUHVHUYHWDQNDQGWKHUDGLDWRUUH LQVWDOOWKHFDSVDQGFKHFNWKDWWKHUXEEHUJDVNHWVLQ VLGHWKHUDGLDWRUFDSDUHLQWKHSURSHUSRVLWLRQ


T &KDQJLQJWKHFRRODQW &KDQJHWKHHQJLQHFRRODQWXVLQJWKHIROORZLQJSURFH GXUHV DFFRUGLQJ WR WKH PDLQWHQDQFH VFKHGXOH LQ WKH ³:DUUDQW\DQG0DLQWHQDQFH%RRNOHW´  5HPRYHWKHXQGHUFRYHU


 3ODFHDSURSHUFRQWDLQHUXQGHUWKHGUDLQSOXJDQG ORRVHQWKHGUDLQSOXJ


1HYHUDWWHPSWWRUHPRYHWKHUDGLDWRUFDSXQWLO WKH HQJLQH KDV EHHQ VKXW RII DQG KDV FRROHG GRZQ FRPSOHWHO\ 6LQFH WKH FRRODQW LV XQGHU SUHVVXUH\RXPD\VXIIHUVHULRXVEXUQVIURPD VSUD\RIERLOLQJKRWFRRODQWZKHQWKHFDSLVUH PRYHG





 /RRVHQ WKH UDGLDWRUFDS WR GUDLQ WKH FRRODQW IURP WKHUDGLDWRU7KHQGUDLQWKHFRRODQWIURPWKHUHVHUYH WDQN7LJKWHQWKHGUDLQSOXJVHFXUHO\


127( IRU%$-$7XUERRQO\ 7KHFDS ZLWKRXWWDEV RQWRSRIWKHUDGLDWRUGRHV QRWQHHGWREHUHPRYHG7RDGGFRRODQWUHPRYH WKH FDS ZLWKWDEV  RQ WKHFRRODQWWDQNRQWRSRI WKHHQJLQH


0DLQWHQDQFHDQGVHUYLFH


1RQWXUERPRGHOV  )LOOHUQHFN  )LOOXSWRKHUH


USB518BB


7XUERPRGHOV  )LOOHUQHFN  )LOOXSWRKHUH


UBB007CB


 6ORZO\SRXUWKHFRRODQWDQGILOOWRWKHUDGLDWRUILOOHU QHFN'RQRWSRXUWKHFRRODQWWRRTXLFNO\DVWKLVPD\ OHDGWRLQVXIILFLHQWDLUEOHHGLQJDQGWUDSSHGDLULQWKH V\VWHP


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


&RRODQWFDSDFLW\ *XLGHOLQH 


1RQWXUERPRGHOV


0786TW OLWHUV,PSTW $786TW OLWHUV,PSTW


7XUERPRGHOV


0786TW OLWHUV,PSTW $786TW OLWHUV,PSTW


y %H FDUHIXO QRW WR VSLOO HQJLQH FRRODQW ZKHQ DGGLQJLW,IFRRODQWWRXFKHVWKHH[KDXVWSLSHLW PD\FDXVHDEDGVPHOOVPRNHDQGRUDILUH y 'RQRWVSODVKWKHHQJLQHFRRODQWRYHUSDLQW HG SDUWV 7KH DOFRKRO FRQWDLQHG LQ WKH HQJLQH FRRODQWPD\GDPDJHWKHSDLQWVXUIDFH


UBB004FB


 ³)8//´OHYHOPDUN  ³/2:´OHYHOPDUN


 3RXU WKH FRRODQW DQG ILOO WR WKH UHVHUYRLU WDQN¶V ³)8//´OHYHOPDUN





1


HSB026BB


 5XEEHUJDVNHWV


 3XWWKHUDGLDWRUFDSEDFNRQDQGWLJKWHQILUPO\$W WKLVWLPHPDNHVXUHWKDWWKHUXEEHUJDVNHWLQWKHUDGL DWRUFDSLVFRUUHFWO\LQSODFH  6WDUWDQGUXQWKHHQJLQHIRUPRUHWKDQILYHPLQXWHV DWWRUSP  6WRS WKH HQJLQH DQG ZDLW XQWLO WKH FRRODQW FRROV GRZQ WR°)>WR°&@ ,IWKHUHLVDQ\ORVV RIFRRODQWDGGFRRODQWWRWKHUDGLDWRU¶VILOOHUQHFNDQG WRWKHUHVHUYHWDQN¶V³)8//´OHYHO  3XWWKHUDGLDWRUFDSDQGUHVHUYRLUFDSEDFNRQDQG WLJKWHQILUPO\


0DLQWHQDQFHDQGVHUYLFH


$LUFOHDQHUHOHPHQW


'RQRWRSHUDWHWKHHQJLQHZLWKWKHDLUFOHDQHU HOHPHQW UHPRYHG 7KH DLU FOHDQHU HOHPHQW QRW RQO\ILOWHUVLQWDNHDLUEXWDOVRVWRSVIODPHVLIWKH HQJLQH EDFNILUHV ,I WKH DLU FOHDQHU HOHPHQW LV QRW LQVWDOOHG ZKHQ WKH HQJLQH EDFNILUHV \RX FRXOGEHEXUQHG


7KH DLU FOHDQHU HOHPHQW IXQFWLRQV DV D ILOWHU VFUHHQ :KHQ WKH HOHPHQW LV SHUIRUDWHG RU UHPRYHG HQJLQH ZHDUZLOOEHH[FHVVLYHDQGHQJLQHOLIHVKRUWHQHG


7KHDLUFOHDQHUHOHPHQWLVDYLVFRXVW\SH,WLVXQQHF HVVDU\WRFOHDQRUZDVKWKHHOHPHQW


„ 5HSODFLQJWKHDLUFOHDQHUHOHPHQW


T 1RQWXUERPRGHOV 5HSODFH WKH DLU FOHDQHU HOHPHQW DFFRUGLQJ WR WKH PDLQWHQDQFH VFKHGXOH LQ WKH ³:DUUDQW\ DQG 0DLQWH QDQFH%RRNOHW´8QGHUH[WUHPHO\GXVW\FRQGLWLRQVUH SODFHLWPRUHIUHTXHQWO\,WLVUHFRPPHQGHGWKDW\RX DOZD\VXVHJHQXLQH68%$58SDUWV


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


 %ROW


 $LUFOHDQHUHOHPHQW


UBB063BB


UBB064BB


 5HPRYHWKHEROWVHFXULQJWKHUHDUDLUFOHDQHUHOH PHQWFDVH  8QVQDSWKHWKUHHFODPSVKROGLQJWKHUHDUDLUFOHDQ HUHOHPHQWFDVH


 6HSDUDWH WKH UHDU DLU FOHDQHU HOHPHQW FDVH IURP WKHIURQWDLUFOHDQHUHOHPHQWFDVHDQGUHPRYHWKHDLU FOHDQHUHOHPHQW  &OHDQWKHLQVLGHRIWKHIURQWDQGUHDUDLUFOHDQHUHO HPHQWFDVHVZLWKDGDPSFORWKDQGLQVWDOODQHZDLU FOHDQHUHOHPHQW  ,QVHUWWKHIRXUSURMHFWLRQVRQWKHUHDUDLUFOHDQHUHO HPHQWFDVHLQWRWKHVOLWVRQWKHIURQWDLUFOHDQHUHOH PHQWFDVHDQGVQDSWKHWKUHHFODPSVRQWKHUHDUDLU FOHDQHUHOHPHQWFDVHDQGWKHQWLJKWHQWKHEROW





T 7XUERPRGHOV


0DLQWHQDQFHDQGVHUYLFH


 8QVQDS WKH WZR FODPSV KROGLQJ WKH DLU FOHDQHU FDVHFRYHU


USB521BA


USB522BB


 $LUFOHDQHUFDVHFRYHU  $LUFOHDQHUHOHPHQW


 2SHQWKHDLUFOHDQHUFDVHFRYHUDQGUHPRYHWKHDLU FOHDQHUHOHPHQW  &OHDQWKHLQVLGHRIWKHDLUFOHDQHUFRYHUDQGFDVH ZLWK D GDPS FORWK DQG LQVWDOO D QHZ DLU FOHDQHU HOH PHQW


7RLQVWDOOWKHDLUFOHDQHUFDVHFRYHULQVHUWWZRSURMHF WLRQV RQ WKH DLU FOHDQHU FDVH LQWR WKH VOLWV RQ WKH DLU FOHDQHUFDVHFRYHUDQGWKHQVQDSWKHWZRFODPSVRQ WKHDLUFOHDQHUFDVHFRYHU


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


6SDUNSOXJV


y :KHQ GLVFRQQHFWLQJ WKH VSDUN SOXJ FDEOHV DOZD\V JUDVS WKH VSDUN SOXJ FDS QRW WKH FD EOHV y 0DNHVXUHWKHFDEOHVDUHUHSODFHGLQWKHFRU UHFWRUGHU


7KHVSDUNSOXJVVKRXOGEHUHSODFHGDFFRUGLQJWRWKH PDLQWHQDQFH VFKHGXOH LQ WKH ³:DUUDQW\ DQG 0DLQWH QDQFH%RRNOHW´


„ 5HFRPPHQGHGVSDUNSOXJV


1RQWXUERPRGHOV


5&<& &KDPSLRQ %.5( 1*. %.5( 1*.


7XUERPRGHOV


,/)5% 1*.


,WPD\EHGLIILFXOWWRUHSODFHWKHVSDUNSOXJV,WLVUHF RPPHQGHGWKDW\RXKDYHWKHVSDUNSOXJVUHSODFHGE\ \RXU68%$58GHDOHU


HSB032BA





0DLQWHQDQFHDQGVHUYLFH


LQ PP


'HIOHFWLRQ


1HZEHOW


8VHGEHOW


± ±


± ±


± ±


± ±


7R FKHFN EHOW WHQVLRQ SODFH D VWUDLJKWHGJH UXOHU DFURVVWZRDGMDFHQWSXOOH\VDQGDSSO\DIRUFHRIOEV 1NJ PLGZD\EHWZHHQWKHSXOOH\VE\XVLQJD VSULQJ VFDOH %HOW GHIOHFWLRQ VKRXOG EH WKH DPRXQW VSHFLILHG


'ULYHEHOWV


7KH DOWHUQDWRU SRZHU VWHHULQJ SXPS DQG DLU FRQGL WLRQHUFRPSUHVVRUGHSHQGRQGULYHEHOWV6DWLVIDFWRU\ SHUIRUPDQFHUHTXLUHVWKDWEHOWWHQVLRQEHFRUUHFW


HSB033BB


 3RZHUVWHHULQJSXPSSXOOH\  $LUFRQGLWLRQHUFRPSUHVVRUSXOOH\  &UDQNSXOOH\


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


0DQXDOWUDQVPLVVLRQRLO


„ &KHFNLQJWKHRLOOHYHO


UBB004DB


 3DUNWKHYHKLFOHRQDOHYHOVXUIDFHDQGVWRSWKHHQ JLQH  3XOO RXW WKH GLSVWLFN ZLSH LW FOHDQ DQG LQVHUW LW DJDLQ


UGB001JA







F


0DLQWHQDQFHDQGVHUYLFH


-30 -20 -10


10


20


30


40


-20


20


40


60


80


100


90


85W


80W


75W/90


 8SSHUOHYHO  /RZHUOHYHO


USB526BB


HSB036BA


6$(YLVFRVLW\1RDQG$SSOLFDEOH7HPSHUDWXUH


 3XOORXWWKHGLSVWLFNDJDLQDQGFKHFNWKHRLOOHYHORQ LW,ILWLVEHORZWKHORZHUOHYHODGGRLOWKURXJKWKHGLS VWLFNKROHWREULQJWKHOHYHOXSWRWKHXSSHUOHYHO


„ 5HFRPPHQGHGJUDGHDQGYLVFRVLW\ (DFKRLOPDQXIDFWXUHUKDVLWVRZQEDVHRLOVDQGDGGL WLYHV1HYHUXVHGLIIHUHQWEUDQGVWRJHWKHU


2LOJUDGH


$3,FODVVLILFDWLRQ*/


±&217,18('±





1




UBB004KB


0DLQWHQDQFHDQGVHUYLFH


$XWRPDWLFWUDQVPLVVLRQIOXLG


„ &KHFNLQJWKHIOXLGOHYHO 7KH DXWRPDWLF WUDQVPLVVLRQ IOXLG H[SDQGV ODUJHO\ DV LWVWHPSHUDWXUHULVHVWKHIOXLGOHYHOGLIIHUVDFFRUGLQJWR IOXLG WHPSHUDWXUH 7KHUHIRUH WKHUH DUH WZR GLIIHUHQW VFDOHVIRUFKHFNLQJWKHOHYHORIKRWIOXLGDQGFROGIOXLG RQWKHGLSVWLFN


7KRXJKWKHIOXLGOHYHOFDQEHFKHFNHGZLWKRXWZDUP LQJXSWKHIOXLGRQWKH³&2/'´UDQJHZHUHFRPPHQG FKHFNLQJWKHIOXLGOHYHOZKHQWKHIOXLGLVDWRSHUDWLQJ WHPSHUDWXUH


T &KHFNLQJWKHIOXLGOHYHOZKHQWKHIOXLGLVKRW &KHFNWKHIOXLGOHYHOPRQWKO\  'ULYHWKHYHKLFOHVHYHUDOPLOHVWRUDLVHWKHWHPSHU DWXUHRIWKHWUDQVPLVVLRQIOXLGXSWRQRUPDORSHUDWLQJ WHPSHUDWXUHWR°) WR°& LVQRUPDO  3DUNWKHYHKLFOHRQDOHYHOVXUIDFHDQGVHWWKHSDUN LQJEUDNH  )LUVWVKLIWWKHVHOHFWRUOHYHULQHDFKSRVLWLRQ7KHQ VKLIWLWLQWKH³3´SRVLWLRQDQGUXQWKHHQJLQHDWLGOLQJ VSHHG







0DLQWHQDQFHDQGVHUYLFH


HSB018MB


HGB061BB


$ +27UDQJH % &2/'UDQJH  8SSHUOHYHO  /RZHUOHYHO


 3XOORXWWKHGLSVWLFNDQGFKHFNWKHIOXLGOHYHORQWKH JDXJH ,I LW LV EHORZ WKH ORZHU OHYHO RQ WKH ³+27´ UDQJHDGGWKHUHFRPPHQGHGDXWRPDWLFWUDQVPLVVLRQ IOXLGXSWRWKHXSSHUOHYHO


T &KHFNLQJWKHIOXLGOHYHOZKHQWKHIOXLGLVFROG :KHQWKHIOXLGOHYHOKDVWREHFKHFNHGZLWKRXWWLPHWR ZDUPXSWKHDXWRPDWLFWUDQVPLVVLRQFKHFNWRVHHWKDW WKHIOXLGOHYHOLVEHWZHHQWKHORZHUOHYHODQGXSSHUOHY HORQWKH³&2/'´UDQJH,ILWLVEHORZWKDWUDQJHDGG ±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


IOXLGXSWRWKHXSSHUOHYHO%HFDUHIXOQRWWRRYHUILOO


„ 5HFRPPHQGHGIOXLG


³'H[URQ,,,´7\SH$XWRPDWLF7UDQVPLVVLRQ)OXLG


)URQWGLIIHUHQWLDOJHDURLO $7YHKL FOHV


„ &KHFNLQJWKHRLOOHYHO


UBB004EB




 3DUNWKHYHKLFOHRQDOHYHOVXUIDFHDQGVWRSWKHHQ JLQH  3XOO RXW WKH GLSVWLFN ZLSH LW FOHDQ DQG LQVHUW LW DJDLQ





0DLQWHQDQFHDQGVHUYLFH


-30 -20 -10


10


20


30


40


-20


20


40


60


80


100


90


85W


80W


75W/90


 8SSHUOHYHO  /RZHUOHYHO


HSB040BB


HSB036BA


6$(YLVFRVLW\1RDQG$SSOLFDEOH7HPSHUDWXUH


 3XOORXWWKHGLSVWLFNDJDLQDQGFKHFNWKHRLOOHYHORQ LW,ILWLVEHORZWKHORZHUOHYHODGGRLOWREULQJWKHOHYHO XSWRWKHXSSHUOHYHO


„ 5HFRPPHQGHGJUDGHDQGYLVFRVLW\ (DFKRLOPDQXIDFWXUHUKDVLWVRZQEDVHRLOVDQGDGGL WLYHV1HYHUXVHGLIIHUHQWEUDQGVWRJHWKHU


2LOJUDGH


$3,FODVVLILFDWLRQ*/


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


5HDUGLIIHUHQWLDOJHDURLO


1RQWXUER$7


„ &KHFNLQJWKHJHDURLOOHYHO


,I WKH YHKLFOH UHTXLUHV IUHTXHQW UHILOOLQJ WKHUH PD\ EH DQ RLO OHDN ,I \RX VXVSHFW D SUREOHP KDYHWKHYHKLFOHFKHFNHGDW\RXU68%$58GHDO HU



 )LOOHUSOXJ  'UDLQSOXJ


OM-U0213





0DLQWHQDQFHDQGVHUYLFH


2WKHUV


 )LOOHUKROH  'UDLQKROH  2LOOHYHO


OM-U0214


HSB042BB


 )LOOHUSOXJ  'UDLQSOXJ


±&217,18('±





2LOJUDGH


$3,FODVVLILFDWLRQ*/


-30 -20 -10


10


20


30


40


-20


20


40


60


80


100


90


85W


80W


75W/90


6$(YLVFRVLW\1RDQG$SSOLFDEOH7HPSHUDWXUH


HSB036BA


0DLQWHQDQFHDQGVHUYLFH


 )LOOHUKROH  'UDLQKROH  2LOOHYHO


HSB043BB


5HPRYHWKHSOXJIURPWKHILOOHUKROHDQGFKHFNWKHRLO OHYHO7KHRLOOHYHOVKRXOGEHNHSWHYHQZLWKWKHERWWRP RI WKH ILOOHU KROH ,I WKH RLO OHYHO LV EHORZ WKH ERWWRP HGJHRIWKHKROHDGGRLOWKURXJKWKHILOOHUKROHWRUDLVH WKHOHYHO


„ 5HFRPPHQGHGJUDGHDQGYLVFRVLW\ (DFKRLOPDQXIDFWXUHUKDVLWVRZQEDVHRLOVDQGDGGL WLYHV1HYHUXVHGLIIHUHQWEUDQGVWRJHWKHU





3RZHUVWHHULQJIOXLG


„ &KHFNLQJWKHIOXLGOHYHO


0DLQWHQDQFHDQGVHUYLFH


XVHRQO\FOHDQIOXLGDQGEHFDUHIXOQRWWRDOORZ DQ\ GLUW LQWR WKH WDQN $QG QHYHU XVH GLIIHUHQW EUDQGVWRJHWKHU y $YRLGVSLOOLQJIOXLGZKHQDGGLQJLWLQWKHWDQN


7KH SRZHU VWHHULQJ IOXLG H[SDQGV JUHDWO\ DV LWV WHP SHUDWXUHULVHVWKHIOXLGOHYHOGLIIHUVDFFRUGLQJWRIOXLG WHPSHUDWXUH7KHUHIRUHWKHUHVHUYRLUWDQNKDVWZRGLI IHUHQWFKHFNLQJUDQJHVIRUKRWDQGFROGIOXLGV


&KHFNWKHSRZHUVWHHULQJIOXLGOHYHOPRQWKO\  3DUNWKHYHKLFOHRQDOHYHOVXUIDFHDQGVWRSWKHHQ JLQH


 5HVHUYRLUWDQN


UBB030BB


%HFDUHIXOQRWWREXUQ\RXUVHOIEHFDXVHWKHIOX LGPD\EHKRW


y :KHQ SRZHU VWHHULQJ IOXLG LV EHLQJ DGGHG


 6SHFLILHGUDQJH


HSB045BB


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


 &KHFNWKHIOXLGOHYHORIWKHUHVHUYRLUWDQN :KHQWKH IOXLGLV KRWDIWHUWKH YHKLFOHKDVEHHQUXQ &KHFN WKDW WKH RLO OHYHO LV EHWZHHQ ³+27 0,1´ DQG ³+270$;´RQWKHVXUIDFHRIWKHUHVHUYRLUWDQN :KHQWKHIOXLGLVFRROEHIRUHWKHYHKLFOHLVUXQ&KHFN WKDWWKHRLOOHYHOLVEHWZHHQ³&2/'0,1´DQG³&2/' 0$;´RQWKHVXUIDFHRIWKHUHVHUYRLUWDQN  ,IWKHIOXLGOHYHOLVORZHUWKDQWKHDSSOLFDEOH³0,1´ OLQHDGGWKHUHFRPPHQGHGIOXLGDVQHFHVVDU\WREULQJ WKHOHYHOEHWZHHQWKH³0,1´DQG³0$;´OLQH


,IWKHIOXLGOHYHOLVH[WUHPHORZLWPD\LQGLFDWHSRVVLEOH OHDNDJH&RQVXOW\RXU68%$58GHDOHUIRULQVSHFWLRQ


„ 5HFRPPHQGHGIOXLG


³'H[URQ,,,´7\SH$XWRPDWLF7UDQVPLVVLRQ)OXLG





%UDNHIOXLG


„ &KHFNLQJWKHIOXLGOHYHO


y 1HYHU OHW EUDNH IOXLG FRQWDFW \RXU H\HV EH FDXVHEUDNHIOXLGFDQEHKDUPIXOWR\RXUH\HV ,I EUDNH IOXLG JHWV LQ \RXU H\HV LPPHGLDWHO\ IOXVK WKHP WKRURXJKO\ ZLWK FOHDQ ZDWHU )RU VDIHW\ZKHQSHUIRUPLQJWKLVZRUNZHDULQJH\H SURWHFWLRQLVDGYLVDEOH y %UDNH IOXLG DEVRUEV PRLVWXUH IURP WKH DLU $Q\DEVRUEHGPRLVWXUHFDQFDXVHDGDQJHURXV ORVVRIEUDNLQJSHUIRUPDQFH y ,IWKHYHKLFOHUHTXLUHVIUHTXHQWUHILOOLQJWKHUH PD\EHDOHDN,I\RXVXVSHFWDSUREOHPKDYH WKHYHKLFOHFKHFNHGDW\RXU68%$58GHDOHU


y 1HYHUXVHGLIIHUHQWEUDQGVRIEUDNHIOXLGWR JHWKHU y :KHQDGGLQJEUDNHIOXLGEHFDUHIXOQRWWRDO ORZDQ\GLUWLQWRWKHUHVHUYRLU y 1HYHUVSODVKWKHEUDNHIOXLGRYHUSDLQWHGVXU


IDFHVRUUXEEHUSDUWV$OFRKROFRQWDLQHGLQWKH EUDNHIOXLGPD\GDPDJHWKHP


„ 5HFRPPHQGHGEUDNHIOXLG


)09661RIUHVK'27RUEUDNHIOXLG


&KHFNWKHIOXLGOHYHOPRQWKO\


0DLQWHQDQFHDQGVHUYLFH


UBB004GB


 ³0$;´OHYHOPDUN  ³0,1´OHYHOPDUN


&KHFNWKHIOXLGOHYHORQWKHRXWVLGHRIWKHUHVHUYRLU,I WKHOHYHOLVEHORZ³0,1´DGGWKHUHFRPPHQGHGEUDNH IOXLGWR³0$;´ 8VHRQO\EUDNHIOXLGIURPDVHDOHGFRQWDLQHU


±&217,18('±





1


 ³0$;´OHYHOPDUN  ³0,1´OHYHOPDUN


UBB004HB


0DLQWHQDQFHDQGVHUYLFH


&OXWFKIOXLG 07YHKLFOHV


„ &KHFNLQJWKHIOXLGOHYHO


1HYHU OHW FOXWFK IOXLG FRQWDFW \RXU H\HV EH FDXVHFOXWFKIOXLGFDQEHKDUPIXOWR\RXUH\HV ,I FOXWFK IOXLG JHWV LQ \RXU H\HV LPPHGLDWHO\ IOXVK WKHP WKRURXJKO\ ZLWK FOHDQ ZDWHU )RU VDIHW\ZKHQSHUIRUPLQJWKLVZRUNZHDULQJH\H SURWHFWLRQLVDGYLVDEOH


y &OXWFK IOXLG DEVRUEV PRLVWXUH IURP WKH DLU $Q\ DEVRUEHG PRLVWXUH FDQ FDXVH LPSURSHU FOXWFKRSHUDWLRQ y ,IWKHYHKLFOHUHTXLUHVIUHTXHQWUHILOOLQJWKHUH PD\EHDOHDN,I\RXVXVSHFWDSUREOHPKDYH WKHYHKLFOHFKHFNHGDW\RXU68%$58GHDOHU y 1HYHUXVHGLIIHUHQWEUDQGVRIFOXWFKIOXLGWR JHWKHU y :KHQFOXWFKIOXLGLVDGGHGEHFDUHIXOQRWWR DOORZDQ\GLUWLQWRWKHWDQN





1


UBB004LB


 ³0$;´OHYHOPDUN  ³0,1´OHYHOPDUN


&KHFNWKHIOXLGOHYHORQWKHRXWVLGHRIWKHUHVHUYRLU,I WKH OHYHO LV EHORZ ³0,1´ OHYHO PDUN DGG WKH UHFRP PHQGHGFOXWFKIOXLGWR³0$;´OHYHOPDUN 8VHRQO\FOXWFKIOXLGIURPDVHDOHGFRQWDLQHU


„ 5HFRPPHQGHGFOXWFKIOXLG


)09661RIUHVK'27RU'27EUDNHIOXLG


0DLQWHQDQFHDQGVHUYLFH


%UDNHERRVWHU


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


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


%UDNHSHGDO


WDFW\RXU68%$58GHDOHU


&KHFNWKHEUDNHSHGDOIUHHSOD\DQGUHVHUYHGLVWDQFH DFFRUGLQJ WR WKH PDLQWHQDQFH VFKHGXOH LQ WKH ³:DU UDQW\DQG0DLQWHQDQFH%RRNOHW´


„ &KHFNLQJWKHEUDNHSHGDOUHVHUYHGLV


WDQFH


„ &KHFNLQJWKHEUDNHSHGDOIUHHSOD\


HSB050BB


 0RUHWKDQLQ PP


'HSUHVVWKHSHGDOZLWKDIRUFHRIDSSUR[LPDWHO\OEV 1NJ DQGPHDVXUHWKHGLVWDQFHEHWZHHQWKH XSSHUVXUIDFHRIWKHSHGDOSDGDQGWKHIORRU :KHQWKHPHDVXUHPHQWLVVPDOOHUWKDQWKHVSHFLILFD WLRQ RU ZKHQ WKH SHGDO GRHV QRW RSHUDWH VPRRWKO\ FRQWDFWZLWK\RXU68%$58GHDOHU


HSB049BB


 ±LQ ±PP


6WRS WKH HQJLQH DQG ILUPO\ GHSUHVV WKH EUDNH SHGDO VHYHUDOWLPHV/LJKWO\SUHVVWKHEUDNHSHGDOGRZQZLWK RQHILQJHUWRFKHFNWKHIUHHSOD\ZLWKDIRUFHRIOHVV WKDQOEV 1NJ  ,IWKHIUHHSOD\LVQRWZLWKLQSURSHUVSHFLILFDWLRQFRQ





&OXWFKSHGDO 0DQXDOWUDQVPLVVLRQ YHKLFOHV


&KHFNWKHFOXWFKSHGDOIUHHSOD\DQGUHVHUYHGLVWDQFH DFFRUGLQJ WR WKH PDLQWHQDQFH VFKHGXOH LQ WKH ³:DU UDQW\DQG0DLQWHQDQFH%RRNOHW´


„ &KHFNLQJWKHFOXWFKIXQFWLRQ &KHFNWKHFOXWFKHQJDJHPHQWDQGGLVHQJDJHPHQW  :LWKWKHHQJLQHLGOLQJFKHFNWKDWWKHUHDUHQRDE QRUPDO QRLVHV ZKHQ WKH FOXWFK SHGDO LV GHSUHVVHG DQGWKDWVKLIWLQJLQWRVWRUUHYHUVHIHHOVVPRRWK  6WDUW WKH YHKLFOH E\ UHOHDVLQJ WKH SHGDO VORZO\ WR FKHFNWKDWWKHHQJLQHDQGWUDQVPLVVLRQVPRRWKO\FRX SOHZLWKRXWDQ\VLJQRIVOLSSDJH


0DLQWHQDQFHDQGVHUYLFH


„ &KHFNLQJWKHFOXWFKSHGDOIUHHSOD\


HSB049BB


 ±LQ ±PP


/LJKWO\ SUHVV WKH FOXWFK SHGDO GRZQ ZLWK \RXU ILQJHU XQWLO\RXIHHOUHVLVWDQFHDQGFKHFNWKHIUHHSOD\ ,IWKHIUHHSOD\LVQRWZLWKLQSURSHUVSHFLILFDWLRQFRQ WDFW\RXU68%$58GHDOHU


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


5HSODFHPHQWRIEUDNHSDGDQGOLQLQJ


ZKHQWKHEUDNHSHGDOLVDSSOLHG


,I \RX FRQWLQXH WR GULYH GHVSLWH WKH VFUDSLQJ QRLVHIURPWKHDXGLEOH EUDNH SDGZHDULQGLFD WRULWZLOOUHVXOWLQWKHQHHGIRUFRVWO\EUDNHUR WRUUHSDLURUUHSODFHPHQW


,I\RXKHDUWKLVVFUDSLQJQRLVHHDFKWLPH\RXDSSO\WKH EUDNH SHGDO KDYH WKH EUDNH SDGV VHUYLFHG E\ \RXU 68%$58GHDOHUDVVRRQDVSRVVLEOH


„ %UHDNLQJLQRIQHZEUDNHSDGVDQGOLQ


LQJV


:KHQUHSODFLQJWKHEUDNHSDGRUOLQLQJXVHRQO\JHQ XLQH68%$58SDUWV$IWHUUHSODFHPHQWWKHQHZSDUWV PXVWEHEURNHQLQDVIROORZV


T %UDNHSDGDQGOLQLQJ :KLOHPDLQWDLQLQJDVSHHGRIWRPSK WR NPK VWHSRQWKHEUDNHSHGDOOLJKWO\5HSHDWWKLVILYH RUPRUHWLPHV


T 3DUNLQJEUDNHOLQLQJ


HS7012BA


$VDIHORFDWLRQDQGVLWXDWLRQVKRXOGEHVHOHFW HGIRUEUHDNLQGULYLQJ


7KH IURQW GLVF EUDNHV DQG WKH ULJKW UHDU GLVF EUDNH KDYHDQDXGLEOHZHDULQGLFDWRUVRQWKHEUDNHSDGV,I WKH EUDNH SDGV ZHDU FORVH WR WKHLU VHUYLFH OLPLW WKH ZHDU LQGLFDWRU PDNHV D YHU\ DXGLEOH VFUDSLQJ QRLVH





3XOOLQJ WKH SDUNLQJ EUDNH OHYHU WRR IRUFHIXOO\


0DLQWHQDQFHDQGVHUYLFH


3DUNLQJEUDNHVWURNH


&KHFNWKHSDUNLQJEUDNHVWURNHDFFRUGLQJWRWKHPDLQ WHQDQFHVFKHGXOHLQWKH³:DUUDQW\DQG0DLQWHQDQFH %RRNOHW´:KHQWKHSDUNLQJEUDNHLVSURSHUO\DGMXVWHG EUDNLQJ SRZHULVIXOO\ DSSOLHG E\ SXOOLQJ WKHOHYHUXS VHYHQWRHLJKWQRWFKHVJHQWO\EXWILUPO\ DERXWOEV 1NJ ,IWKHSDUNLQJEUDNHOHYHUVWURNHLVQRW ZLWKLQ WKH VSHFLILHG UDQJH KDYH WKH EUDNH V\VWHP FKHFNHGDQGDGMXVWHGDW\RXU68%$58GHDOHU


PD\ FDXVH WKH UHDU ZKHHOV WR ORFN 7R DYRLG WKLVEHFHUWDLQWRSXOOWKHOHYHUXSVORZO\DQG JHQWO\


 'ULYHWKHYHKLFOHDWDVSHHGRIDERXWPSK  NPK   :LWK WKH SDUNLQJ EUDNH UHOHDVH EXWWRQ SXVKHG LQ SXOO WKH SDUNLQJ EUDNH OHYHU 6/2:/< DQG *(17/< 3XOOLQJZLWKDIRUFHRIDSSUR[LPDWHO\OEV>1 NJ@  'ULYHWKHYHKLFOHIRUDERXW\DUGV PHWHUV LQWKLVFRQGLWLRQ  :DLWWRPLQXWHVIRUWKHSDUNLQJEUDNHWRFRRO GRZQ5HSHDWWKLVSURFHGXUH  &KHFN WKH SDUNLQJ EUDNH VWURNH ,I WKH SDUNLQJ EUDNHVWURNHLVRXWRIWKHVSHFLILHGUDQJHDGMXVWLWE\ WXUQLQJWKHDGMXVWLQJQXWORFDWHGRQWKHSDUNLQJEUDNH OHYHU


3DUNLQJEUDNHVWURNH


±QRWFKHVOEV 1NJ


UG7509CA


±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


7LUHVDQGZKHHOV


„ 7\SHVRIWLUHV

T $OOVHDVRQWLUHV 7KHIDFWRU\LQVWDOOHGWLUHVRQ\RXUQHZYHKLFOHDUHDOO VHDVRQWLUHV $OOVHDVRQWLUHVDUHGHVLJQHGWRSURYLGHDQDGHTXDWH PHDVXUH RI WUDFWLRQ KDQGOLQJ DQG EUDNLQJ SHUIRU PDQFHLQ\HDUURXQGGULYLQJLQFOXGLQJVQRZ\DQGLF\ URDGFRQGLWLRQV+RZHYHUDOOVHDVRQWLUHVGRQRWRIIHU DVPXFKWUDFWLRQSHUIRUPDQFHDVZLQWHU VQRZ WLUHVLQ KHDY\RUORRVHVQRZRURQLF\URDGV $OOVHDVRQWLUHVDUHLGHQWLILHGE\³$//6($621´DQG RU³06´ 0XG 6QRZ RQWKHWLUHVLGHZDOO


T 6XPPHUWLUHV 6XPPHUWLUHVDUHKLJKVSHHGFDSDELOLW\WLUHVEHVWVXLW HGIRUKLJKZD\GULYLQJXQGHUGU\FRQGLWLRQV 6XPPHU WLUHV DUH LQDGHTXDWH IRU GULYLQJ RQ VOLSSHU\ URDGVVXFKDVRQVQRZFRYHUHGRULF\URDGV ,I\RXGULYH\RXUYHKLFOHRQVQRZFRYHUHGRULF\URDGV ZHVWURQJO\UHFRPPHQGWKHXVHRIZLQWHU VQRZ WLUHV :KHQLQVWDOOLQJZLQWHUWLUHVEHVXUHWRUHSODFHDOOIRXU WLUHV





T :LQWHU VQRZ WLUHV :LQWHU WLUHV DUH EHVW VXLWHG IRU GULYLQJ RQ VQRZFRY HUHGDQGLF\URDGV+RZHYHUZLQWHUWLUHVGRQRWSHU IRUPDVZHOODVVXPPHUWLUHVDQGDOOVHDVRQWLUHVRQ URDGVRWKHUWKDQVQRZFRYHUHGDQGLF\URDGV


„ 7LUHLQVSHFWLRQ &KHFNRQDGDLO\EDVLVWKDWWKHWLUHVDUHIUHHIURPVH ULRXV GDPDJH QDLOV DQG VWRQHV $W WKH VDPH WLPH FKHFNWKHWLUHVIRUDEQRUPDOZHDU &RQWDFW\RXU68%$58GHDOHULPPHGLDWHO\LI\RXILQG DQ\SUREOHP


127( y :KHQ WKH ZKHHOV DQG WLUHV VWULNH FXUEV RU DUH VXEMHFWHGWRKDUVKWUHDWPHQWDVZKHQWKHYHKLFOH LVGULYHQRQDURXJKVXUIDFHWKH\FDQVXIIHUGDP DJHWKDWFDQQRWEHVHHQZLWKWKHQDNHGH\H7KLV W\SH RI GDPDJH GRHV QRW EHFRPH HYLGHQW XQWLO WLPHKDVSDVVHG7U\QRWWRGULYHRYHUFXUEVSRW KROHVRURQRWKHUURXJKVXUIDFHV,IGRLQJVRLVXQ DYRLGDEOH NHHS WKH YHKLFOH¶V VSHHG GRZQ WR D ZDONLQJSDFHRUOHVVDQGDSSURDFKWKHFXUEVDV VTXDUHO\DVSRVVLEOH$OVRPDNHVXUHWKHWLUHVDUH QRW SUHVVHG DJDLQVW WKH FXUE ZKHQ \RX SDUN WKH YHKLFOH y ,I\RXIHHOXQXVXDOYLEUDWLRQZKLOHGULYLQJRUILQG


LWGLIILFXOWWRVWHHUWKHYHKLFOHLQDVWUDLJKWOLQHRQH RIWKHWLUHVDQGRUZKHHOVPD\EHGDPDJHG'ULYH VORZO\ WR WKH QHDUHVW DXWKRUL]HG 68%$58 GHDOHU DQGKDYHWKHYHKLFOHLQVSHFWHG


„ 7LUHSUHVVXUHVDQGZHDU 0DLQWDLQLQJ WKH FRUUHFW WLUH SUHVVXUHV KHOSV WR PD[L PL]HWKHWLUHV¶VHUYLFHOLYHVDQGLVHVVHQWLDOIRUJRRG UXQQLQJSHUIRUPDQFH&KHFNDQGLIQHFHVVDU\DGMXVW WKHSUHVVXUHRIHDFKWLUH LQFOXGLQJWKHVSDUH DWOHDVW RQFHDPRQWKDQGEHIRUHDQ\ORQJMRXUQH\


0DLQWHQDQFHDQGVHUYLFH


YDOXHVVKRZQRQWKHWLUHSODFDUG7KHWLUHSODFDUGLVOR FDWHGRQWKHGRRUSLOODURQWKHGULYHU¶VVLGH 'ULYLQJHYHQDVKRUWGLVWDQFHZDUPVXSWKHWLUHVDQG LQFUHDVHVWKHWLUHSUHVVXUHV $OVRWKH WLUHSUHVVXUHV DUHDIIHFWHGE\WKHDPELHQWWHPSHUDWXUH,WLVEHVWWR FKHFN WLUHSUHVVXUHRXWGRRUVEHIRUHGULYLQJWKHYHKL FOH


:KHQDWLUHEHFRPHVZDUPWKHDLULQVLGHLWH[SDQGV FDXVLQJWKHWLUHSUHVVXUHWRLQFUHDVH%HFDUHIXOQRWWR PLVWDNHQO\UHOHDVHDLUIURPD ZDUPWLUHWR UHGXFH LWV SUHVVXUH


127( y 7KHDLUSUHVVXUHLQDWLUHLQFUHDVHVE\DSSUR[L PDWHO\SVL N3DNJIFP ZKHQWKHWLUH EHFRPHVZDUP y 7KHWLUHVDUHFRQVLGHUHGFROGZKHQWKHYHKLFOH KDV EHHQ SDUNHG IRU DW OHDVW WKUHH KRXUV RU KDV EHHQGULYHQOHVVWKDQRQHPLOH NP 


UB8053BA


'RQRWOHWDLURXWRIZDUPWLUHVWRDGMXVWSUHV VXUH'RLQJVRZLOOUHVXOWLQORZWLUHSUHVVXUH


&KHFNWKHWLUHSUHVVXUHVZKHQWKHWLUHVDUHFROG8VH D SUHVVXUH JDXJH WR DGMXVW WKH WLUH SUHVVXUHV WR WKH


,QFRUUHFWWLUHSUHVVXUHVGHWUDFWIURPFRQWUROODELOLW\DQG ULGHFRPIRUWDQGWKH\FDXVHWKHWLUHVWRZHDUDEQRU ±&217,18('±





0DLQWHQDQFHDQGVHUYLFH


PDOO\


y &RUUHFWWLUHSUHVVXUH WUHDGZRUQHYHQO\


y $EQRUPDOO\ ORZ WLUH SUHVVXUH WUHDG ZRUQ DW VKRXOGHUV


5RDGKROGLQJLVJRRGDQGVWHHULQJLVUHVSRQVLYH5ROO LQJUHVLVWDQFHLVORZVRIXHOFRQVXPSWLRQLVDOVRORZ HU


5ROOLQJUHVLVWDQFHLVKLJKVRIXHOFRQVXPSWLRQLVDOVR KLJKHU


HSB052AA


HSB053AA





y $EQRUPDOO\KLJKWLUHSUHVVXUH WUHDGZRUQLQFHQ WHU


5LGH FRPIRUW LV SRRU $OVR WKH WLUH PDJQLILHV WKH HI IHFWVRIURDGVXUIDFHEXPSVDQGGLSVSRVVLEO\UHVXOW LQJLQYHKLFOHGDPDJH


HSB054AA


0DLQWHQDQFHDQGVHUYLFH


'ULYLQJDWKLJKVSHHGVZLWKH[FHVVLYHO\ORZWLUH SUHVVXUHVFDQFDXVHWKHWLUHVWRGHIRUPVHYHUH O\DQGWRUDSLGO\EHFRPHKRW$VKDUSLQFUHDVH LQ WHPSHUDWXUH FRXOG FDXVH WUHDG VHSDUDWLRQ DQGGHVWUXFWLRQRIWKHWLUHV7KHUHVXOWLQJORVV RIYHKLFOHFRQWUROFRXOGOHDGWRDQDFFLGHQW


„ :KHHOEDODQFH (DFKZKHHOZDVFRUUHFWO\EDODQFHGZKHQ\RXUYHKLFOH ZDVQHZEXWWKHZKHHOVZLOOEHFRPHXQEDODQFHGDV WKH WLUHV EHFRPH ZRUQ GXULQJ XVH :KHHO LPEDODQFH FDXVHVWKHVWHHULQJZKHHOWRYLEUDWHVOLJKWO\DWFHUWDLQ YHKLFOH VSHHGV DQG GHWUDFWV IURP WKH YHKLFOH¶V VWUDLJKWOLQH VWDELOLW\ ,W FDQ DOVR FDXVH VWHHULQJ DQG VXVSHQVLRQV\VWHPSUREOHPVDQGDEQRUPDOWLUHZHDU ,I \RX VXVSHFW WKDW WKH ZKHHOV DUH QRW FRUUHFWO\ EDO DQFHG KDYH WKHP FKHFNHG DQG DGMXVWHG E\ \RXU

Loading...
x