3RU IDYRU OHD HVWDV LQVWUXFFLRQHV HQ VX WRWDOLGDG DQWHV GH XWLOL]DU HO WHOHYLVRU \
FRQVpUYHODV SDUD IXWXUDV FRQVXOWDV
(
74%(
7;67&
7;67&
/lV GHQ KlU EUXNVDQYLVQLQJHQ QRJD LQQDQ GX DQYlQGHU 79Q 6SDUD
EUXNVDQYLVQLQJ HQ I|U IUDPWLGD DQYlQGQLQJ
(VWLPDGR FOLHQWH GH 3DQDVRQLF
%LHQYHQLGR D OD JUDQ IDPLOLD GH FOLHQWHV GH 3DQDVRQLF (VSHUDPRV TXH GLVIUXWH GXUDQWH PXFKRV DÆRV GH VX QXHYR WHOHYLVRU HQ FRORU /D
PHMRU PDQHUD GH FRPSUHQGHU ODV FDUDFWHUõVWLFDV GHO PLVPR HV OHHU SRU FRPSOHWR HO SUHVHQWH PDQXDO DQWHV GH SURFHGHU D VX
XWLOL]DFLÊQ
(VWD WHOHYLVLÊQ UHVXOWD PX\ HFRQÊPLFD SRU VX HVFDVR FRQVXPR HO FWULFR HQ PRGR
67$1'%< HVSHUD HO FRQVXPR HO
FWULFR QR VXSHUD VLTXLHUD YDWLR
&217(1,'26
- $GYHUWHQFLDV \ SUHFDXFLRQHV
- ,QIRUPDFLÊQ GH FDU
FWHU JHQHUDO
- $FFHVRULRV
- &ÊPR FRORFDU ODV SLODV HQ HO PDQGR D GLVWDQFLD
- &RQILJXUDFLÊQ
- /RFDOL]DFLÊQ GH ORV FRQWUROHV
- )XQFLRQDPLHQWR GH ORV PHQÔV
- )XQFLRQDPLHQWR GHO 7HOHWH[WR
- &RQH[LRQHV GH DXGLRYõGHR
- 8WLOL]DFLÊQ GHO YõGHR
- 6ROXFLÊQ GH SUREOHPDV
- ,QIRUPDFLÊQ DFHUFD GHO (XURFRQHFWRU
- (VSHFLILFDFLRQHV
(VSDxRO
$'9(57(1&,$6 < 35(&$8&,21(6
- (VWH WHOHYLVRU HVW GLVHÆDGR SDUD XQD WHQVLÊQ GH UHG GH
9 GH FRUULHQWH DOWHUQD +]
- 1R H[SRQJD HO WHOHYLVRU D OD OOXYLD R D XQD KXPHGDG
H[FHVLYD
- $7(1&,Ë1 $/72 92/7$-(
1R UHWLUH OD WDSD SRVWHULRU HQ HO LQWHULRU QR KD\ QLQJXQD
SLH]D ÔWLO SDUD HO XVXDULR
- (YLWH H[SRQHU HO WHOHYLVRU GLUHFWDPHQWH D OD OX] GHO VRO R D
RWUDV IXHQWHV GH FDORU
- &XDQGR QR YD\D D XWLOL]DU HO WHOHYLVRU SRU XQ SHULRGR
SURORQJDGR GH WLHPSR GHVHQFK~IHOR GH OD FRUULHQWH
HOpFWULFD 3DUD GHVHQFKXIDUOR QR WLUH GHO FDEOH KiJDOR
VLHPSUHGHODFODYLMD
- /,03,(=$ '( /$6 683(5),&,(6 < '(/ 78%2 '(
,0$*(1 '(/ 7(/(9,625
'HVHQFKXIH HO WHOHYLVRU /DV VXSHUILFLHV \ HO WXER GH
LPDJHQ VH SXHGHQ OLPSLDU FRQ XQ WUDSR VXDYH
KXPHGHFLGR HQ XQD VROXFLÊQ GH DJXD \ GHWHUJHQWH
QHXWUR 1R XWLOLFH VROXFLRQHV TXH FRQWHQJDQ GLVROYHQWHV
/RV WHOHYLVRUHV JHQHUDQ HOHFWULFLGDG HVW
WLFD WHQJD
FXLGDGR DO WRFDU OD SDQWDOOD GHO PLVPR
- $ ILQ GH SUHYHQLU HO IDOOR GH ORV FRPSRQHQWHV HO
FWULFRV HV
IXQGDPHQWDOTXHGLVSRQJD GH XQD DGHFXDGDYHQWLODFLÊQ
6L FRORFD HVWH WHOHYLVRU GHQWUR GH XQ PXHEOH R HQWUH
HVWDQWHV UHFRPHQGDPRV GHMDU DOUHGHGRU GHO PLVPR XQ
HVSDFLR GH DO PHQRV FP HQ WRGDV GLUHFFLRQHV
,1)250$&,Ë1 '( &$5 &7(5 *(1(5$/
$XWRGHVFRQH[LyQ
6L QR GHVFRQHFWD XVWHG HO WHOHYLVRU XQD YH] OD HPLVRUD GH WHOHYLVLyQ GHMD GH WUDQVPLWLU WUDQVFXUULGRV PLQXWRV pVWH SDVD
DXWRPiWLFDPHQWH DO PRGR GH (VSHUD (VWH GLVSRVLWLYR QR IXQFLRQDUi VL HO WHOHYLVRU VH HQFXHQWUD HQ PRGR $9 YtGHR
0HPRULD GHO ~OWLPR DMXVWH
&LHUWDV IXQFLRQHV SRVHHQ PHPRULD GHO ~OWLPR DMXVWH HV GHFLU GHO DMXVWH H[LVWHQWH HQ HO PRPHQWR GH OD GHVFRQH[LyQ TXH HO
WHOHYLVRU UHWRPD FXDQGR VH HQFLHQGH GH QXHYR
3RVLFLyQ GHO SURJUDPD &RORU 9ROXPHQ
&RQWUDVWH %ULOOR (VSHUD
1LWLGH] (VWDGR
& $ 7 6
(VSDxRO
$&&(625,26
3LODV SDUD HO PDQGR D GLVWDQFLD
GH WDPDÆR 5 80
0DQGR D GLVWDQFLD
714(
0DQXDO GH
LQVWUXFFLRQHV
*DUDQWõD GHO
WHOHYLVRU
&RPSUXHEH TXH WLHQH HQ VX SRGHU ORV DFFHVRULRV \ HOHPHQWRV VLJXLHQWHV
$QWHQD WHOHVFÊSLFD
7;67&
76$
&Ë02&2/2&$5/$63,/$6(1(/0$1'2$',67$1&,$
9XHOYD D FRORFDU OD WDSD
'HVOLFH KDFLD IXHUD OD WDSD GHO
FRPSDUWLPHQWR SDUD ODV SLODV
&RORTXH ODV SLODV REVHUYDQGR OD
FRUUHFWD SRODULGDG
,QWHUUXSWRU SDUD OD
XWLOL]DFLÊQ GHO YõGHR
- $VHJÔUHVH GH TXH KD FRORFDGR ODV SLODV HQ OD GLUHFFLÊQ FRUUHFWD
- 1R PH]FOH ODV SLODV YLHMDV FRQ ODV QXHYDV 5HWLUH GH IRUPD LQPHGLDWD ODV SLODV YLHMDV R JDVWDGDV
- 1R PH]FOH GLIHUHQWHV WLSRV GH SLODV SRU HMHPSOR DOFDOLQDV \ GH PDQJDQHVR 1R XWLOLFH EDWHUõDV UHFDUJDEOHV 1L&DG
(VSDxRO
,167$/$&,Ë1 < ',6326,&,Ë1
9&5
(QFRQWUDU RWURV SRUPHQRUHV VREUH ODV FRQH[LRQHV
GH DXGLR \ YõGHR HQ OD S
JLQD
&RQHFWH HO FDEOH FRD[LDO GH OD DQWHQD GLUHFWDPHQWH D
OD WRPD GH FRQH[LÊQ 5) ,1 GHO WHOHYLVRU
2
&RQHFWH HO FDEOH FRD[LDO GH OD DQWHQD D OD WRPD 5) ,QSXW
GHO YõGHR \ XQ FDEOH FRD[LDO GH OD WRPD 5) 2XW GHO
YõGHR D OD WRPD 5) ,1 GHO WHOHYLVRU
(O YõGHR WDPEL
Q VH SXHGH FRQHFWDU DO WHOHYLVRU
PHGLDQWH XQ FDEOH (XURFRQHFWRU
1R VH LQFOX\HQ HO HTXLSDPLHQWR QL ORV FDEOHV DX[LOLDUHV
6, 87,/,=$ 81 9ô'(2
6ÊOR HO WHOHYLVRU
&RQHFWH 21 VX YõGHR
(QFKXIH HO WHOHYLVRU D OD UHG HO
FWULFD\SXOVHHO
LQWHUUXSWRU 21
6L VX GLVWULEXLGRU KD VLQWRQL]DGR SRU XVWHG ORV FDQDOHV
VH YHU
Q GH IRUPD LQPHGLDWD ORV SURJUDPDV
6H UHFRPLHQGD XWLOL]DU OD VHÆDO GH SUXHED GH VX YõGHR VõUYDVH UHIHULUVH DO PDQXDO GH LQVWUXFFLRQHV GHO YLGHR
(VSDxRO
&21),*85$&,Ë1
$SDUHFH HQ SDQWDOOD HO SULPHU FDQDO GLVSRQLEOH
'HVFRQHFWH OD VHÆDO GH WHVW GHO YõGHR
&DPELR GH SURJUDPD
1LYHO GHO YROXPHQ
(OLMD HO LGLRPD TXH GHVHH GHO VHOHFWRU GH
LGLRPDV GHO 26' PHQÔ GH IXQFLRQHV HQ
SDQWDOOD
3XOVH HO ERWÊQ 79$9 SDUD LQLFLDU HO $73
VLQWRQL]DFLÊQ DXWRP
WLFD GH SURJUDPDV
6H ORFDOL]DQ \ DOPDFHQDQ SRU RUGHQ ORV
FDQDOHV GH WHOHYLVLÊQ TXH TXHGDQ GHVGH
HVH PRPHQWR OLVWRV SDUD VX XWLOL]DFLÊQ
(O FULWHULR GH RUGHQDFLÊQ GHSHQGH GH OD VHÆDO GH 79 GHO VLVWHPD GH HPLVLÊQ \ GH ODV FRQGLFLRQHV GH UHFHSFLÊQ 6L HO RUGHQ QR VH
DMXVWD D VXV SUHIHUHQFLDV VH SRGU
FDPELDU GHVSX V &RQVXOWH FÊPR FDPELDU ORV SURJUDPDV HQ OD S JLQD
(V LPSRUWDQWH TXH XWLOLFH HO SURJUDPD kl GH VX WHOHYLVRU VÊOR SDUD YHU HO YõGHR 6L OD LPDJHQ GHO YõGHR QR DSDUHFH HQ HO SURJUDPD
kl TXH HV OD SRVLFLÊQ SURSLD GHO PLVPR VHU QHFHVDULR DMXVWDU RUD HO FDQDO GH 5) GHO YõGHR RUD OD VLQWRQL]DFLÊQ GHO SURJUDPD
kl GHO WHOHYLVRU KDVWD TXH VH UHFLED OD VDOLGD GH 5) GHO YõGHR
(VSDxRO
/2&$/,=$&,Ë1 '( /26 &21752/(6
7HFODV GHO YõGHR
3
JLQD
,QWHUUXSWRU GH FRQH[LÊQGHVFRQH[LÊQ
GH OD UHG HO
FWULFD
675
*XDUGD OD VLQWRQL]DFLÊQ \ ORV DMXVWHV GH RWUDV
IXQFLRQHV
)
6HOHFFLRQD XQD IXQFLÊQ GH HQWUH
9ROXPHQ &RQWUDVWH %ULOOR &RORU 1LWLGH]
&$76 \ 6LQWRQL]DFLÊQ PDQXDO
79$9
&RQPXWD HQWUH ORV PRGRV GH 79 WHOHYLVRU
\ $9 YõGHR
7RPDV 5&$ SDUD DXGLRYLGHR
7RPD SDUD DXULFXODUHV
7HFODV GH WHOHWH[WR
S
JLQD
7HPSRUL]DGRU GH
GHVFRQH[LÊQ
$FFHVR GLUHFWR DO FDQDO
3XOVH H LQWURGX]FD HO QÔPHUR GH
FDQDO PHGLDQWH ODV WHFODV QXP
ULFDV
7HFODV QXP
ULFDV SDUD
&DPELR GH SURJUDPD
$FFHVR GLUHFWR DO FDQDO
&RQWURO GHO 7HOHWH[WR
0RGR 6WDQGE\
HQ HVSHUD
HQFHQGLGRDSDJDGR
(VWDGR 0XHVWUD OD SRVLFLÊQ GHO SURJUDPD
HO QÔPHUR GH FDQDO OD KRUD \ HO QRPEUH
GH OD HPLVRUD GH WHOHWH[WR
0RGR VLOHQFLR FRQHFWDGRGHVFRQHFWDGR
&RQPXWDGRU HQWUH ORV PRGRV
GH WHOHYLVRU \ YõGHR
S
JLQD
6XELUEDMDU FDQDO \ VHOHFWRU
GH RSFLRQHV GHO PHQÔ
$MXVWD OD IXQFLÊQ HQ HVH PRPHQWR
VHOHFFLRQDGD 6L QR KD\ QLQJXQD
IXQFLÊQ VHOHFFLRQDGD SHUPLWH
DMXVWDU HO YROXPHQ
6HOHFFLÊQ GH SURJUDPD
PHGLDQWH ODV WHFODV QXP
ULFDV
6HOHFWRU GH IXQFLÊQ
3XOVH SDUD PRVWUDU ORV
0HQÔV HQ 3DQWDOOD
S
JLQD
5HVWDXUD ORV DMXVWHV SUHYLDPHQWH UHDOL]DGRV
FRQ 675 HQ HO SDQHO GHODQWHUR GHO WHOHYLVRU
,QIRUPDFLÊQ HQ SDQWDOOD
7õWXOR GHO PHQÔ
%DUUD GHO FXUVRU
6XE PHQÔ
&RPDQGRV
0DQGRV HQ HO SDQHO GHODQWHUR
7HFODV GHO PDQGR D GLVWDQFLD
d b
3URJUDPD VLJXLHQWH \ SURJUDPD DQWHULRU
&XDQGR KD\ XQD IXQFLÊQ SUHVHQWH HQ
SDQWDOOD SHUPLWH HO DMXVWH GH GLFKD IXQFLÊQ
(VSDxRO
)81&,21$0,(172 '( /26 0(1Õ6
6HOHFFLRQDU $MXVWDU$FFHVR
0RVWUDU PHQXPHQÔ SUHYLR
6DOLU GHO PHQÔ
,QLFLDU $73
*XDUGDU VLQWRQL]DFLÊQ PDQXDO
&DPELR GH SURJUDPD
0HQÔ GH JXDUGDU VLQWRQL]DFLÊQ
0HQÔ SULQFLSDO
&RQWUDVWH
%ULOOR
&RORU
1LWLGH]
(O FRQWUDVWH EULOOR FRORU \ QLWLGH] SRGU
Q PRGLILFDUVH SDUD VX
DGHFXDFLÊQ D ODV FRQGLFLRQHV GH YLVLÊQ \ SUHIHUHQFLDV
SHUVRQDOHV
&$76 6LVWHPDGH5HJXODFLÊQ $XWRP
WLFD GHO
&RQWUDVWH
$MXVWD DXWRP
WLFDPHQWH HO FRQWUDVWH SDUD FRPSHQVDU
FXDOTXLHU FDPELR HQ OD LOXPLQDFLÊQ GH DPELHQWH FHUFDQD
3DUD REWHQHU ORV PHMRUHV UHVXOWDGRV SULPHUR VLWÔH HO QLYHO GHO
FRQWUDVWH HQ HO P
[LPR DO REMHWR GH SHUPLWLU XQD PD\RU
DPSOLWXG RSHUDWLYD DO &$76 \ OXHJR VHOHFFLRQH GH ORV
DMXVWHV HO TXH XVWHG GHVHH
'HVFRQHFWDGR
6HQVLELOLGDG PHGLD
6HQVLELOLGDG DOWD
,GLRPD GHO 26'
(O PHQÔ GH LGLRPDV GHO 26' OH SHUPLWLU
FDPELDU HO LGLRPD GH
WRGDV ODV SDQWDOODV GHO PHQÔ
' $O HP Q
*% ,Q JO
V
) )U DQ F
V
, ,WDOLDQR
( (VSDÆRO
6 6X HFR
1/ +RODQG
V
(VSDxRO
6HOHFFLRQDU
IXQFLÊQVDOLU
*XDUGDU
%XVFDU
&DPELDU SRVLFLÊQ GHO SURJUDPD
)81&,21$0,(172 '( /26 0(1Õ6
0HQÔ GH VLQWRQL]DFLÊQ
(O PHQÔ GH VLQWRQL]DFLÊQ SURSRUFLRQD DFFHVR D ORV PHQÔV GH
VLQWRQL]DFLÊQ WDQWR PDQXDO FRPR DXWRP
WLFD
$73
(O PHQÔ $73 OH SHUPLWH VLQWRQL]DU DXWRP
WLFDPHQWH ORV FDQDOHV
OR TXH UHVXOWD SDUWLFXODUPHQWH ÔWLO VL VH GHVSOD]D D XQD ]RQD HQ OD
TXH RSHUD XQ UHSHWLGRU GLVWLQWR
6LQWRQL]DFLÊQ PDQXDO
/D VLQWRQL]DFLÊQ PDQXDO OH SHUPLWH VLQWRQL]DU PDQXDOPHQWH ODV
SRVLFLRQHV GH FDGD XQR GH ORV SURJUDPDV
6LQWRQL]DFLÊQ ILQD
0HGLDQWH OD VLQWRQL]DFLÊQ ILQD VH SXHGHQ VLQWRQL]DU ORV FDQDOHV
FRQ XQD PD\RU SUHFLVLÊQ
&DPELR
6L HO RUGHQ GH ORV SURJUDPDV WUDV HO DMXVWH DXWRP
WLFR QR OH
UHVXOWD VDWLVIDFWRULR SXHGH XVWHG FDPELDU ORV SURJUDPDV GH
SRVLFLÊQ
6LQWRQL]DFLÊQ PDQXDO SDQHO GHODQWHUR GHO
WHOHYLVRU
/RV FDQDOHV WDPEL QVHSRGUQ VLQWRQL]DU PDQXDOPHQWH
PHGLDQWH ORV FRQWUROHV VLWXDGRV HQ HO SDQHO GHODQWHUR GHO
WHOHYLVRU
3XOVH OD WHFOD ) SDQHO GHODQWHUR KDVWD TXH OOHJXH D
k6LQWRQL]DFLÊQ PDQXDOl
3XOVH R SDUD DFFHGHU D k6LQWRQL]DFLÊQ PDQXDOl
(VSDxRO
)81&,21$0,(172 '(/ 7(/(7(;72
(O 7HOHWH[WR FRPSUHQGH ODV S JLQDV GH LQIRUPDFLÊQ TXH DSDUHFHQ HQ VX WHOHYLVRU FRQ GLYHUVRV FRQWHQLGRV FX\R RUGHQ \ GLVSRQLELOLGDG
GHSHQGH GH ODV HPSUHVDV HPLVRUDV
0LHQWUDV VH HVW
HQ PRGR 7HOHWH[WR OD WHFOD GH 6HOHFFLRQDU )XQFLÊQ ) VÊOR SHUPLWLU DMXVWDU HO FRQWUDVWH
6HOHFFLRQDU S JLQD
6HOHFFLRQDU S JLQD
79 7H[W
(QWUDU6DOLU
0RGR 7HOHWH[WR
&RPSOHWD6XSHULRU,QIHULRU
2SFLRQHV GH YLVXDOL]DFLÊQ GHO
7HOHWH[WR
5HYHODU
0RVWUDU UHVSXHVWDV D ORV
SDVDWLHPSRV
,QGH[
3XOVH SDUD YROYHU D OD S
JLQD GHO õQGLFH
7LPH 7H[W
0DQWHQHU
723)$67(;76HOHFFLÊQ $XWRP WLFD 1RUPDO
$O DFWLYDU HO 7HOHWH[WR VWH VH SUHVHQWDU HQ PRGR QRUPDO
PLHQWUDV UHDOL]D XQD EÔVTXHGD SULPHUR GH XQD WUDQVPLVLÊQ
723 \ GHVSX V GH XQD WUDQVPLVLÊQ )$67(;7 6L HQFXHQWUD
DOJXQD GH HOODV ORV FXDGURV TXH DSDUHFHQ HQ OD EDVH GH OD
SDQWDOOD FDPELDU
Q SDUD PRVWUDU ODV IXQFLRQHV GH 723 7H[W R ODV
IXQFLRQHV GH )$67(;7
6L QR VH HQFXHQWUD QLQJXQD GH HVWDV VHÆDOHV HO WHOHYLVRU
IXQFLRQDU
HQ PRGR 1250$/ FRQ OR TXH
/DWHFODURMDSDVDDODS
JLQD VLJXLHQWH
/DWHFODYHUGHSDVDDODS
JLQD DQWHULRU
/D WHFOD DPDULOOD GHVSOD]D HQ EORTXHV GH S
JLQDV
/D WHFOD D]XO VH GHVSOD]D SRU EORTXHV GH S
JLQDV
ôQGLFH
(Q PRGRV 723 R )$67(;7 YXHOYH D OD S
JLQD GH õQGLFH
SHUWLQHQWH (Q IXQFLÊQ GH OD IRUPD GH WUDQVPLVLÊQ GH OD
LQIRUPDFLÊQ SXHGH TXH VHD QHFHVDULR SXOVDUOD P
V GH XQD YH]
SDUD YROYHU D GLFKR õQGLFH
7HFODV5RMD9HUGH$PDULOOD$]XO
&RUUHVSRQGHQ D ORV UHFXDGURV GH FRORUHV GH ORV PRGRV 723
)$67(;7 R 1RUPDO
$FFHVR D 6XE 3
JLQD 7HFOD GH 7LPH 7H[W
&XDQGR OD LQIRUPDFLÊQ GH 7HOHWH[WR H[FHGH GH XQD S
JLQD HO
FDPELR DXWRP
WLFR GH VXE S JLQD SDUD OOHJDU KDVWD OD VXE
S
JLQD TXH GHVHD SXHGH UHVXOWDU XQ WDQWR SUHPLRVR 6H SXHGH
LQWURGXFLU OD VXE S
JLQD GHVHDGD \ VDOWDU ODV S JLQD TXH TXHGDQ
HQWUH PHGLDV
6HOHFFLRQH HO QÔPHUR GH S
JLQD GHVHDGR FRQ ODV WHFODV
3XOVH 7,0( 7(;7
3XOVH ODV WHFODV 52-$ R 9(5'( SDUD VHOHFFLRQDU OD VXE
S
JLQD GHVHDGD
&XDQGR HQFXHQWUD OD S JLQD OD SUHVHQWD HQ SDQWDOOD
3XOVH 797(;7 SDUD VDOLU GHO 7HOHWH[WR
(VSDxRO
&21(;,21(6 '( $8',29ô'(2
/D FRQH[LÊQ $9 $XGLR9õGHR HV XQD HQWUDGD HVSHFLDO SDUD YõGHR UHFHSWRUHV GH VDW OLWH \ RWURV HTXLSRV GH $XGLR9õGHR
(VWH WHOHYLVRU SXHGH FRQHFWDUVH DXWRP
WLFDPHQWH DO IXQFLRQDPLHQWR GH $9 VL HO HTXLSR FRQHFWDGR HQYõD XQD VHÆDO GH FRQH[LÊQ SRU HO
(XURFRQHFWRU (Q HVWDV FRQGLFLRQHV OD SDQWDOOD PRVWUDU
HO PHQVDMH (& \ VH SXHGH FDPELDU OD SRVLFLÊQ GHO SURJUDPD GH 79 VLQ FDPELDU
OD LPDJHQ GHO PLVPR
6DOLGD SDUD FRQH[LÊQ
GH DXULFXODUHV
&DEOH GH
$XGLR 5&$
&DEOH GH
9õGHR 5&$
$XULFXODUHV FRQ FODYLMD
GH PP
(QWUDGD GH YõGHR
DODWRPD9
(QWUDGDGHDXGLR
DODWRPD$
(QWUDGD6DOLGD GH
(XURFRQHFWRU
&DEOH (XURFRQHFWRU
(/ HTXLSDPLHQWR DX[LOLDU \ ORV FDEOHV DTXõ UHSUHVHQWDGRV QR VH VXPLQLVWUDQ FRQ HVWH WHOHYLVRU
1R FRQHFWH XQ RUGHQDGRU FRQ VDOLGD 77/ 9 D HVWH WHOHYLVRU
(O DOWDYR] GHO WHOHYLVRU VH VLOHQFLD DXWRP
WLFDPHQWH FXDQGR VH HQFKXIDQ ORV DXULFXODUHV
1R FRQHFWH VLPXOW
QHDPHQWH ODV HQWUDGDV $9 GHODQWHUD \ WUDVHUD SXHV VH PH]FODU QLP JHQHV \ VRQLGRV
(VSDxRO
87,/,=$&,Ë1 '(/ 9ô'(2
(O PDQGR D GLVWDQFLD SHUPLWH DFWLYDU FLHUWDV IXQFLRQHV GH DOJXQRV YõGHRV 3DQDVRQLF 3RU IDYRU FRQVXOWH ORV GHWDOOHV D VX
GLVWULEXLGRU /DV IXQFLRQHV YDUõDQ GH XQRV YõGHRV D RWURV SRU OR TXH GHEHU
DVHJXUDUVH GH OD FRPSDWLELOLGDG HQWUH GLFKR
GLVSRVLWLYR \ VX PDQGR D GLVWDQFLD &RQVXOWH HO PDQXDO GH LQVWUXFFLRQHV GHO YõGHR
9&5
0RGR GH HVSHUD 6WDQG E\ GHO YõGHR
$YDQFH IRWRJUDPD D IRWRJUDPD
FXDQGR VH HQFXHQWUD HQ PRGR
3$86(67,//
3DXVD ,PDJHQ ILMD
3DUDGD
5HERELQDGR %ÔVTXHGD
GH LPDJHQ KDFLD DWU
V
6L FRQHFWD D HVWH WHOHYLVRU XQ YõGHR (VW
UHR
+L)L SXHGH SXOVDU HVWD WHFOD SDUD
VHOHFFLRQDU FX
OVHU OD VDOLGD GHO VRQLGR
3URJUDPD GHO YõGHR
DWU
VDODQWH
*UDEDFLÊQ
3XOVDU MXQWRV
%RELQDGR %ÔVTXHGD GH
LPDJHQ KDFLD GHODQWH
5HSURGXFFLÊQ
,QWHUUXSWRU GH XWLOL]DFLÊQ GHO YõGHR
6L VH SUHVHQWD DOJXQD GLILFXOWDG DO XWLOL]DU HO PDQGR D GLVWDQFLD FRQ XQ YõGHR 3DQDVRQLF FRPSUXHEH HO IXQFLRQDPLHQWR GHO YõGHR FRQ
HO LQWHUUXSWRU GH XWLOL]DFLÊQ HQ OD SRVLFLÊQ XQR \ OXHJR HQ OD SRVLFLÊQ GRV SDUD ORV GHVWDOOHV GH OD ORFDOL]DFLÊQ GH HVWH LQWHUUXSWRU YHD
HO HPSOD]DPLHQWR GH ODV EDWHUõDV GHO PDQGR D GLVWDQFLD HQ OD S
JLQD
(VSDxRO
62/8&,Ë1 '( 352%/(0$6
$QWHV GH OODPDU D XQ VHUYLFLR W FQLFR GHWHUPLQH ORV VõQWRPDV \ UHDOLFH ODV VHQFLOODV FRPSUREDFLRQHV TXH OH RIUHFHPRV D FRQWLQXDFLÊQ
6L WLHQH TXH UHFXUULU DO VHUYLFLR W
FQLFR SÊQJDVH HQ FRQWDFWR VX GLVWULEXLGRU 3DQDVRQLF ORFDO \ FLWH HO QXPHUR GH PRGHOR \ HO QÔPHUR GH
VHULH DPERV VH HQFXHQWUDQ DO UHYHUVR GHO WHOHYLVRU
6ô1720$6
&
2
0
3
5
8
(
%
(
,0$*(1 621,'2
&
2
0
3
5
8
(
%
(
,
P
D
J
H
Q
E
R
U
U
R
V
D
R
P
Ô
O
W
L
S
O
H
5
X
L
G
R
R
V
R
Q
L
G
R
Q
R
U
P
D
O
/
R
F
D
O
L
]
D
F
L
Ê
Q
G
L
U
H
F
F
L
Ê
Q
R
F
R
Q
H
[
L
Ê
Q
G
H
O
D
D
Q
W
H
Q
D
,
PDJHQ
E
RUURVD R P
Ô
O
W
L
S
O
H
5
X
L
G
RRVRQ
L
G
R QRUPD
O
/
RFD
O
L
]DF
L
Ê
Q
G
L
UHFF
L
Ê
Q R FRQH[
L
Ê
Q
G
H
O
DDQWHQD
,QWHUIHUHQFLDV 5XLGR $SDUDWRV HO FWULFRV YHKõFXORV OXFHV IOXRUHVFHQWHV
,PDJHQ QRUPDO 5XLGR R VLOHQFLR 1LYHO GH YROXPHQ R VRQLGR HQ PRGR VLOHQFLR
1R KD\ LPDJHQ 1R KD\ VRQLGR
1R HVW HQFKXIDGR D OD UHG HVW DSDJDGR ORV
FRQWUROHV GH LPDJHQ \ VRQLGR HVW
Q DMXVWDGRV D VXV
QLYHOHV PõQLPRV
1R KD\ FRORU 6RQLGR QRUPDO &RQWURO GHO FRORU DMXVWDGR D VX QLYHO PõQLPR
3HUWXUEDFLRQHV 6RQLGR QRUPDO R G ELO 9XHOYD D VLQWRQL]DU HO FDQDO
,1)250$&,Ë1 '(/ 7(50,1$/ (852&21(&725
6DOLGD GH DXGLR GHUHFKD
(QWUDGD GH DXGLR GHUHFKD
6DOLGD GH DXGLR L]TXLHUGD
0DVD GH DXGLR
0DVD $]XO
(QWUDGD GH DXGLR L]TXLHUGD
(QWUDGD $]XO
(VWDGR GH &9%6
0DVD 9HUGH
(QWUDGD 9HUGH
0DVD 5RMR
0DVD
(QWUDGD 5RMR
(VWDGR GH 5*%
0DVDGH&9%6
0DVD GH HVWDGR GH 5*%
6DOLGDGH&%96YõGHR
(QWUDGDGH&9%6YõGHR
%OLQGDMH0DVD
(VSDxRO
(63(&,),&$&,21(6
1ÔPHUR GHO PRGHOR 7;67& 7;67&
7HQVLÊQ GH UHG 9 +] &RUULHQWH DOWHUQD
&RQVXPR : :
&RQVXPR HQ PRGR HVSHUD :
7XER GH LPDJHQ FP GH GLDJRQDO YLVLEOH FP GH GLDJRQDO YLVLEOH
6DOLGD GH DXGLR PXVLFDO : : LPSHGDQFLD PRQRDXUDO
'LPHQVLRQHV + [ : [ ' PP + [ : [ ' PP
3HVR NJ NJ
6LVWHPD GH UHFHSFLÊQ 3$/%*+
9+) ( (
9+) $ + ,7$/,$
&$79 6 6
&$7 9 6 6 8 8
3$/
9+) + + ,7$/,$
8+ ) ( (
&$7 9 6 6 0 0
&$79 6 6 +LSHUEDQGD
5HSURGXFFLÊQ GH FLQWDV 176& GH YõGHRV
3$/
$QWHQD SDUWH SRVWHULRU 8+) 9+)
$XULFXODUHV SDUWH GHODQWHUD PP 2KP LPSHGDQFLD PRQRDXUDO
$9 SDUWH SRVWHULRU 7HUPLQDO GH FRQWDFWRV $XGLR9õGHR HQWUDGDVDOLGD HQWUDGD GH 5*%
$9 SDUWH GHODQWHUD (QWUDGDGHVRQLGR5&$(QWUDGDGHYõGHR5&$
'LVHÆR \ HVSHFLILFDFLRQHV VXMHWDV D FDPELRV VLQ SUHYLR DYLVR
/RV SHVRV \ GLPHQVLRQHV TXH DTXõ ILJXUDQ VRQ DSUR[LPDGRV
(VSDxRO
0DWVXVKLWD 7HOHYLVLRQ &HQWUDO (XURSH 652 FRQ GRPLFLOLR HQ
8 3DQDVRQLNX 3LOVHQ 5HSÔEOLFD &KHFD
'(&/$5$ EDMR VX H[FOXVLYD UHVSRQVDELOLGDG TXH
HO HTXLSR 7HOHYLVRU &RORU
IDEULFDGR SRU 0DWVXVKLWD 7HOHYLVLRQ &HQWUDO (XURSH 652
HQ 5HSXEOLFD &KHFD
PDUFD 3DQDVRQLF
PRGHOR 7;67& 7;67&
3$1$621,& 6$/(6 63$,1 6$ $9'$ -26(3 7$55$'(//$6 %$5&(/21$ (63$Ç$
'(&/$5$&,Ë1 '( &21)250,'$'
FXPSOH ODV GLVSRVLFLRQHV HVWDEOHFLGDV HQ
(O 5HDO 'HFUHWR GH GH PDU]R WUDQVSRVLFLÊQ GH OD 'LUHFWLYD
&(( VREUH FRPSDWLELOLGDG HOHFWURPDJQ WLFD
(O 5HDO 'HFUHWR GH GH HQHUR WUDQVSRVLFLÊQ GH OD 'LUHFWLYD &((
VREUH PDWHULDO HO
FWULFR GHVWLQDGR D VHU HPSOHDGR GHQWUR GH GHWHUPLQDGRV
OõPLWHV GH WHQVLÊQ 'LUHFWLYD GH %DMD 7HQVLÊQ
XVDQGR ODV QRUPDV VLJXLHQWHV (1 (1 (1 (1
)LUPD
1RPEUH ) ,QRXH
&DUJR 3UHVLGHQWH
)HFKD GH IHEUHUR GH
(VSDxRO
% VWD 3DQDVRQLFNXQG
7DFN IÐU DWW GX YDOGH HQ 3DQDVRQLF 79 9L KRSSDV DWW GX NRPPHU DWW Ix VWRU JO
GMH DY GHQ L PxQJD xU / VGHQK U EUXNVDQYLVQLQJHQ
LQQDQ GX DQY
QGHU 79Q IÐU DWW XWQ\WWMD GHQ Sx E VWD V WW RFK XQGYLND PLVVWDJ
'HQQD 79 KDU HQ O J HIIHNWIÐUEUXNQLQJ YLONHW JÐU GHQ Y OGLJW HNRQRPLVN DWW DQY QGD
)ÐU GHQQD DYVLN\
U 6WDQGE\ HIIHNWIÐUEUXNQLQJHQ HQGDVW ZDWW
,11(+t//
- 9DUQLQJDU RFK IÐUVLNWLJKHWVxWJ
UGHU
- $OOP
Q LQIRUPDWLRQ
- 7LOOEHKÐU
- ,V
WWQLQJ DY EDWWHULHU L IM UUNRQWUROOHQ
- ,QVWDOODWLRQ RFK JUXQGLQVW
OOQLQJ
- 5HJODJHQV SODFHULQJ
- 0HQ\KDQWHULQJ
- 7H[W79
- $XGLR RFK YLGHRDQVOXWQLQJDU
- 0DQÐYUHULQJ DY YLGHREDQGVSHODUH
- )HOVÐNQLQJ
- 6FDUWNRQWDNWHQV VWLIWQXPUHULQJ
- 7HNQLVND GDWD
6YHQVN
9$51,1*$5 2&+ )Ñ56,.7,*+(76t7* 5'(5
- $QY QG 79Q HQGDVW PHG Y [HOVS QQLQJ 9
+]
- 79Q IxU LQWH DQY
QGDV L IXNWLJD ORNDOHU HOOHU XWRPKXV
- 9$51,1* +Ñ*63
11,1*
7D DOGULJ ERUW NxSDQ Sx 79QV EDNVLGD 'HW
U OLYVIDUOLJW
RP PDQ LQWH
U XWE LOGDG 79 UHSDUDWÐU 'HW ILQQV LQJD
GHODU K
U VRP HQ DQY QGDUH NDQ ODJD HOOHU E\WD
- 8QGYLN DWW SODFHUD 79Q L GLUHNW VROOMXV HOOHU Sx DQGUD
YDUPD SODWVHU
- 'UD XW Q
WNRQWDNWHQ IUxQ HOXWWDJHW RP GX LQWH NRPPHU DWW
DQY
QGD 79QXQGHUHQO QJUH WLG +xOO L Q WNRQWDNWHQQ U
GX GUDU XW GHQ 'UD LQWH L NDEHOQ
- 5(1*Ñ5,1* $9 %,/'6. 50(1 2&+
<77(5+Ñ/-(7
'UD XW Q
WNRQWDNWHQ IUxQ HOXWWDJHW 'X NDQ JÐUD UHQ 79Q
PHG HQ PMXN GXN VRP
UO WW IXNWDG PHG YDWWHQ RFK HWW
PLOW UHQJÐULQJVPHGHO $QY
QG LQWH OÐVQLQJD U PHG
EHQVRO EHQVLQ HOOHU DQGUD OÐVQLQJVPHGHO %LOGVN
UPHQ
NDQ YDUD ODGGDG PHG VWDWLVN HOHNWULFLWHW Vx YDU IÐUVLNWLJ
Q
UGXUÐUGHQ
- /XIWY
[OLQJ UXQW 79Q U DEVROXW QÐGY QGLJ IÐU DWW KLQGUD
ÐYHUKHWWQLQJ RF K VNDGRU Sx 79Q /
PQD PLQVW FP IULWW
XWU\PPH Sx DOOD VLGRU UXQW 79Q RP G X VW
OOHU GHQ L HQ
K\OOD HOOHU HWW VNxS
$//0 1 ,1)250$7,21
$XWRPDWLVN DYVW QJQLQJ
2P HQ LQVW
OOG 79VWDWLRQ VOXWDU V QGD VW QJV 79Q DY DXWRPDWLVNW HIWHU PLQXWHU 'HWWD IXQJHUDU LQWH Q U79Q U LQVW OOG IÐU
$9 L QJ xQJ
0LQQH IÐU VHQDVWH LQVW
OOQLQJ
'HDNWXHOODLQVW
OOQLQJDUQDDYIÐOMDQGHIXQNWLRQHU ODJUDV L HWW PLQQH Q UGXVW QJHU DY79Q )XQNWLRQHUQDVW OOV LQ Sx GH ODJUDGHY UGHQD
Q
UGXV WWHUSx79QQ VWD JxQJ
79SURJUDP )
UJP WWQDG /MXGYRO\P
.RQWUDVW /MXV 6WDQGE\O
JH
6N
USD 6WDWXV
& $ 7 6
6YHQVN
7,//%(+Ñ5
%DWWHULHU IÐU IM UUNRQWUROOHQ
[ 5 80 VWRUOHN
)M
UUNRQWUROO
714(
%UXNVDQYLVQLQJ
*DUDQWLNRUW
.RQWUROOHUD DWW GHVVD WLOOEHKÐU RFK GHWDOMHU OHYHUHUDGHV PHG 79Q
7HOHVNRSDQWHQQ
7; 6 7&
76$
,6 771,1* $9 %$77(5,(5 , )- 55.21752//(1
6 WW WLOOEDND EDWWHULORFNHW
6NMXW DY EDWWHULORFNHW 9
QG EDWWHULHUQD U WW RFK V WW L GHP
2PNRSSODUH IÐU
PDQÐYUHULQJ DY
YLGHREDQGVSHODUH
- .RQWUROOHUD DWW GX V WWHU L EDWWHULHUQD PHG RFK U WWY QGD
- %ODQGD LQWH JDPOD RFK Q\D EDWWHULHU 7D XW IÐUEUXNDGH EDWWHULHU JHQDVW
- %ODQGD LQWH ROLND EDWWHULW\SHU WLOO H[HPSHO YDQOLJD EDWWHULHU RFK DONDOLVND ED WWHULHU $QY QG LQWH XSSODGGQLQJVEDUD EDWWHULHU WLOO
H[HPSHO 1L&GFHOOHU
6YHQVN
,167$//$7,21 2&+ *581',167 //1,1*
9&5
0HUD LQIRUPDWLRQ RP DQVOXWQLQJ DY DXGLR RFK
YLGHRDSSDUDWHU ILQQV Sx VLGDQ
$QVOXW NDEHOQ IUxQ 79DQWHQQHQ WLOO DQWHQQLQJxQJHQ
5) ,1 Sx 79QV EDNVLGD
(//(5
$QVOXW NDEHOQ IUxQ 79DQWHQQHQ WLOO YLGHREDQGVSHODUHQV
DQWHQQLQJxQJ 5) ,1 $QVO XW RFNVx HQ NRUW DQWHQQNDEHO
IUxQ 5) 287 Sx YLGHREDQGVSHODUHQ WLOO 5) ,1 Sx 7 9Q
'X NDQ RFNVx DQVOXWD HQ VFDUWNDEHO PHOODQ
YLGHREDQGVSHODUHQ RFK 79Q
([WUD DSSDUDWHU RFK NDEODU OHYHUHUDV LQWH PHG 79Q
7,//6$00$16 0(' (1
9,'(2%$1'63(/$5(
(1'$67 79
6 WW Sx YLGHREDQGVSHODUHQ
$QVOXW 79PRWWDJDUHQV Q WNDEHO WLOO HWW HOXWWDJ 6 WW Sx
79Q PHG VWUÐPEU\WDU HQ
3URJUDPPHQ YLVDV JHQDVW RP xWHUIÐUV
OMDUHQ KDU VW OOW
LQ NDQDOHUQD IÐU GLJ
2P GX LQWH DQVOXWHU YLGHREDQGVSHODUHQ PHG VFDUWNDEHO UHNRPPHQGHUDU YL DWW GX DQY QGHU YLGHREDQGVSHODUHQV WHVWVLJQDO IÐU
LQVW
OOQLQJHQ 6H YLGHREDQGVSHODUHQ V EUXNVDQYLVQLQJ
6YHQVN
Sidan laddas...
Sidan laddas...
Sidan laddas...
Sidan laddas...
Sidan laddas...
Sidan laddas...
Sidan laddas...
Sidan laddas...
Sidan laddas...
Sidan laddas...
Sidan laddas...
Sidan laddas...
-
1
-
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
