. *G BO PYZHFOBUFCMFOE FYDFQUJOH B
NFUIBOPM CMFOE JT VTFE JU TIPVME
DPOUBJO OP NPSF UIBO PYZHFOBUF
.5#& NBZ IPXFWFS CF BEEFE VQ UP
. & GVFM DPOUBJOT NPSF UIBO
PYZHFOBUF & GVFM XJMM BEWFSTFMZ
BGGFDU UIF FNJTTJPO DPOUSPM EFWJDFT
BOE TZTUFNT PG UIF WFIJDMF BOE TIPVME
OPU CF VTFE %BNBHF DBVTFE CZ TVDI
GVFM JT OPU DPWFSFE CZ UIF */'*/*5* OFX
WFIJDMF MJNJUFE XBSSBOUZ
. *G B NFUIBOPM CMFOE JT VTFE JU TIPVME
DPOUBJO OP NPSF UIBO NFUIBOPM
NFUIZM BMDPIPM XPPE BMDPIPM *U
TIPVME BMTP DPOUBJO B TVJUBCMF BNPVOU
PG BQQSPQSJBUF DPTPMWFOUT BOE DPSSP
TJPO JOIJCJUPST *G OPU QSPQFSMZ GPSNV
MBUFE XJUI BQQSPQSJBUF DPTPMWFOUT BOE
DPSSPTJPO JOIJCJUPST TVDI NFUIBOPM
CMFOET NBZ DBVTF GVFM TZTUFN EBNBHF
BOEPS WFIJDMF QFSGPSNBODF QSPCMFNT
"U UIJT UJNF TVGGJDJFOU EBUB JT OPU
BWBJMBCMF UP FOTVSF UIBU BMM NFUIBOPM
CMFOET BSF TVJUBCMF GPS VTF JO */'*/*5*
WFIJDMFT
*G BOZ VOEFTJSBCMF ESJWFBCJMJUZ QSPCMFNT
TVDI BT FOHJOF TUBMMJOH PS IBSE IPU TUBSUJOH
BSF FYQFSJFODFE BGUFS VTJOH PYZHFOBUF
CMFOE GVFMT JNNFEJBUFMZ DIBOHF UP B OPO
PYZHFOBUF GVFM PS B GVFM XJUI B MPX CMFOE PG
.5#&
5BLF DBSF OPU UP TQJMM HBTPMJOF EVSJOH
SFGVFMJOH (BTPMJOF DPOUBJOJOH PYZHFOBUFT
DBO DBVTF QBJOU EBNBHF
& GVFM
& GVFM JT B NJYUVSF PG BQQSPYJNBUFMZ
GVFM FUIBOPM BOE VOMFBEFE
HBTPMJOF & DBO POMZ CF VTFE JO WFIJDMFT
EFTJHOFE UP SVO PO & GVFM %P OPU VTF &
JO ZPVS WFIJDMF 64 HPWFSONFOU SFH
VMBUJPOT SFRVJSF GVFM FUIBOPM EJTQFOTJOH
QVNQT UP CF JEFOUJGJFE XJUI TNBMM TRVBSF
PSBOHF BOE CMBDL MBCFM XJUI UIF DPNNPO
BCCSFWJBUJPO PS UIF BQQSPQSJBUF QFSDFOUBHF
GPS UIBU SFHJPO
& GVFM
& GVFM JT B NJYUVSF PG BQQSPYJNBUFMZ
GVFM FUIBOPM BOE VOMFBEFE
HBTPMJOF & DBO POMZ CF VTFE JO B
'MFYJCMF 'VFM 7FIJDMF ''7 %P OPU VTF &
GVFM JO ZPVS WFIJDMF 64 HPWFSONFOU
SFHVMBUJPOT SFRVJSF GVFM FUIBOPM EJTQFOTJOH
QVNQT UP CF JEFOUJGJFE CZ B TNBMM TRVBSF
PSBOHF BOE CMBDL MBCFM XJUI UIF DPNNPO
BCCSFWJBUJPO PS UIF BQQSPQSJBUF QFSDFOUBHF
GPS UIBU SFHJPO
"GUFSNBSLFU GVFM BEEJUJWFT
*/'*/*5* EPFT OPU SFDPNNFOE UIF VTF PG
BOZ BGUFSNBSLFU GVFM BEEJUJWFT &YBNQMF
GVFM JOKFDUPS DMFBOFS PDUBOF CPPTUFS JO
UBLF WBMWF EFQPTJU SFNPWFST FUD XIJDI
BSF TPME DPNNFSDJBMMZ .BOZ PG UIFTF
BEEJUJWFT JOUFOEFE GPS HVN WBSOJTI PS
EFQPTJU SFNPWBM NBZ DPOUBJO BDUJWF TPMWFOU
PS TJNJMBS JOHSFEJFOUT UIBU DBO CF IBSNGVM
UP UIF GVFM TZTUFN BOE FOHJOF
0DUBOF SBUJOH UJQT
6TJOH VOMFBEFE HBTPMJOF XJUI BO PDUBOF
SBUJOH MPXFS UIBO SFDPNNFOEFE BCPWF DBO
DBVTF QFSTJTUFOU IFBWZ TQBSL LOPDL
4QBSL LOPDL JT B NFUBMMJD SBQQJOH OPJTF
*G TFWFSF UIJT DBO MFBE UP FOHJOF EBNBHF
*G ZPV EFUFDU B QFSTJTUFOU IFBWZ TQBSL
LOPDL FWFO XIFO VTJOH HBTPMJOF PG UIF
TUBUFE PDUBOF SBUJOH PS JG ZPV IFBS TUFBEZ
TQBSL LOPDL XIJMF IPMEJOH B TUFBEZ TQFFE
PO MFWFM SPBET IBWF BO */'*/*5* SFUBJMFS
DPSSFDU UIF DPOEJUJPO 'BJMVSF UP DPSSFDU UIF
DPOEJUJPO JT NJTVTF PG UIF WFIJDMF GPS
XIJDI */'*/*5* JT OPU SFTQPOTJCMF
*ODPSSFDU JHOJUJPO UJNJOH XJMM SFTVMU JO
LOPDLJOH BGUFSSVO PS PWFSIFBUJOH 5IJT JO
UVSO NBZ DBVTF FYDFTTJWF GVFM DPOTVNQUJPO
PS EBNBHF UP UIF FOHJOF *G BOZ PG UIF
5FDIOJDBM BOE DPOTVNFS JOGPSNBUJPO
